By Liberty Report Staff
Julian Assange's brother Gabriel Shipton joins the Liberty Report in-studio today to discuss his new film, ithaca, detailing the family struggle to release one of the greatest journalists of our time from the grip of the US and UK governments.
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The 40,000 hours released from Jan 6th to Tucker Carlson began airing on his show and it was devastating to the "insurrection" narrative used to lock up innocent protesters and throw away the key. Now we know. Adam Kinzinger, Liz Cheney, and the rest of the "January 6th Committee" lied about every aspect of the January 6, 2021 protest at the US Capitol. Also today: Southern Poverty Domestic Terrorism Center? Finally: Will Congress vote to end the illegal Syria occupation?
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By Ron Paul
Now you see it … maybe soon you won’t. Over the last year, the seeming ability of stock values of many technology companies to keep rising forever met resistance. This was true even for the major technology companies known collectively as “big tech.” During the last 12 months, Meta (parent company of Facebook, WhatsApp, and Instagram), Amazon, and Alphabet (parent company of Google and YouTube) suffered layoffs and big declines in stock prices. These were the result of both bad decisions and changing market conditions. For example, the end of covid lockdowns obviously reduced demand for Amazon’s delivery services. Also, an increasing number of people are leaving Facebook and other Meta sites for newer social media sites. Many of those who use social media for political organization, education, or discussion are abandoning Facebook and YouTube for sites such as Rumble — sites that don’t deplatform individuals for sharing opinions and news that displeases “woke” bureaucrats and politicians. The magician in this scenario — the Federal Reserve — played a major role in big (and medium and small) tech’s rise and fall. Technology writer David Streitfeld, writing in the New York Times, recently examined how the Fed’s 2008 market meltdown related policy of near zero interest rates led many investors to throw money at tech companies. In many cases, these investors would not have bought tech companies stock had the Fed not distorted the signals sent by interest rates, which are the price of money. The historic expansion of the Fed balance sheet thanks to “quantitative easing” also helped create a tech bubble. Now that the Fed is raising interest rates (although still keeping them well below what they would likely be in a free market), the tech bubble is being popped as investors are able to get a more realistic view of tech companies’ value. This is causing a painful but necessary correction. For example, Carvana, which aimed to be the “Amazon of used cars” went from an 80 billion dollars valuation to a 1.5 billion dollars valuation, a 98 percent loss, in just 18 months. Also, the Fed-created tech bubble allowed Amazon to lose millions opening new businesses, including physical bookstores. Amazon announced in March of last year, the same month the Fed started increasing interest rates, that it would close all its bookstores. The tech bubble enabled large companies to grow via mergers and acquisitions. Many small and startup companies attracted investors with a promise of a big payoff from an acquisition. The frequency of tech-related mergers and acquisitions is a major reason behind the left’s (and some people on the right’s) renewed interest in antitrust laws. Federal Trade Commission Chairman Lina Khan owes her position to her advocacy of using antitrust to limit the growth of big tech. Khan’s crusade against big tech has suffered some setbacks in the courts. However, Khan need not worry since the Federal Reserve may do a more effective job of limiting tech-related mergers and acquisitions than the FTC ever could. Sam Abuelsamid, principal analyst with Guidehouse Insights, accurately summed up the tech industry’s recent history for Streitfeld’s article: “The whole tech industry of the last 15 years was built by cheap money. Now they’re getting hit by a new reality, and they will pay the price.” Federal Reserve created bubbles and busts are not a new reality. They have been with us since the Fed was created and will remain until the system collapses or until Congress audits, then ends, the Fed.
New information coming from Congressional investigations reveals that a group of scientists initially concerned that Covid may have come from a lab-leak were "prompted" by Fauci to refute that theory. They later got millions in grants! Also today: massive UK scandal reveals callous disregard over government lockdown policies. Finally: Homeland Security is running domestic intelligence-gathering operations...just like Ron Paul warned from the beginning.
The market is always more powerful than governments, central bankers, oligarchs and ideologues. Of course, these groups do not like this fact, and are always hatching schemes and scams to try to overpower the market. ESG (Environmental, Social & Governance) policies are the latest iteration of politicizing the economy. It too will go down in defeat.
In a near-overwhelming vote, the US House of Representatives voted to maintain the "2019 Cesar Syria Civil Protection Act," a bill imposing additional sanctions on the Syrian people. The iron fist was hidden in a velvet glove, however, which we will explain in today's program. Also today: Biden sees continued decline in support for his Ukraine policy. And...the UN has a "brilliant" plan to block out the sun. What could go wrong?
The Republican-led US House of Representatives has agreed to allow the January 6th "insurrection" defendants to have access to the thousands of hours of security footage taken that day. Will the truth about January 6th finally come out? Also today, Pentagon assures Congress no Ukraine weapons being diverted...while US Special Inspector General for Afghanistan warns the same mistakes are being made in Ukraine as Afghanistan. Finally...FBI agrees that Covid likely leaked from Wuhan lab...but who funded Wuhan lab?
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