A disturbing report from the Government Accountability Office shows that 70 percent - and maybe more - of the outrageously expensive, over-budget F-35 fighter jets are not capable of conducting combat. Yet Washington continues to rattle sabers at Russia and China. Also today: Pentagon not bothering to track weapons sent to Ukraine, and US considering MORE military aid to Israel as "incentive" for lower civilian casualties...
By Ron Paul
President Biden may have recently made history as the first president to discuss snack chips in the State of the Union message. He used snack chips to illustrate the phenomenon of shrinkflation. Shrinkflation occurs when businesses reduce the amount of goods sold in order to avoid raising prices. President Biden pointed out that businesses hope that, since both the price and the size of the package remain the same, most consumers will not notice they are getting fewer chips, cookies, or whatever other product has been affected by shrinkflation. President Biden called on Congress to pass legislation, sponsored by so-called moderate Senator Bob Casey of Pennsylvania, to crack down on companies that reduce the amount of a good in a package. Biden and his congressional allies and media apologists think that this will stop shrinkflation. They think this because they believe shrinkflation is caused by corporate greed. In fact, shrinkflation is a rational response to increased prices caused by the Federal Reserve’s dollar depreciation. Businesses reduce the amount of a product sold as a means to cope with rising prices of materials needed to make their products without directly raising the price paid by consumers. Unless greed is the only human emotion that fluctuates with the Federal Reserve’s policies, the fact that shrinkflation only occurs when Federal Reserve policies cause major price inflation should show anyone willing to think logically about these issues that the Fed, not greedy businesses, causes shrinkflation. Making shrinkflation a federal crime would force more businesses to increase their prices. This would give the American people a more accurate picture of how the Federal Reserve’s price inflation is affecting their standard of living. Shrinkflation is impossible to quantify. Shrinkflation’s existence indicates that the impact of inflation is well above the Consumer Price Index’s report of a 3.2 percent increase in prices over the past year. The Federal Reserve’s interest rates increases have not been as effective in fighting price inflation as the government’s manipulated statistics make it appear. If Biden wanted to stop inflation, he would start by reducing federal spending and paring down the over 35 trillion dollars national debt. These steps would allow the Federal Reserve to reduce its efforts to monetize the federal debt in order to keep borrowing costs low. Disappointingly, but not surprisingly, President Biden’s proposed fiscal year 2025 budget fails to cut spending. It also proposes the government borrow nearly two trillion dollars a year for the next decade. While congressional Republicans have declared President Biden’s “big spending budget” dead on arrival, the fact is that, with few exceptions, Republicans are just as addicted to welfare-warfare spending as their Democratic counterparts. Therefore, instead of fighting for real and substantial reductions in spending, most Republicans are happy to pretend that getting Biden and the Democrats to agree to a one or two percent reduction in the rate of spending growth addresses the problem with excessive spending. The movement to shrink government must continue to grow. To achieve this government shrinking goal, Congress must cut spending. Congress must also pass the Audit the Fed legislation and legalize competing currencies such as Bitcoin and precious metals. Congress should also pass legislation forcing the government to live within its means by forbidding the Federal Reserve from purchasing federal debt instruments.
The government cannot protect our freedom by taking away our freedom. It cannot shield us from harm (real or imagined) by censoring the truth and ripping away our privacy. It cannot “battle” communists by acting just like the communists. It cannot protect us from corporate fraud by mandating the use of their fraudulent products.
The government is supposed to follow the law, which is the U.S. Constitution, not ignore it and give it lip service only when it's politically convenient. The Bill of Rights is not a joke. Those rights precede the government itself, and do not come from them. The primary job of every good citizen is make sure that those rights remain uninhibited.
Yesterday's House vote to either force the sale of Tik Tok or ban it entirely from the US is the most dangerous and anti-American act since the passage of the PATRIOT Act. The law will give the US president SOLE AUTHORITY to determine which businesses can and cannot operate in the United States. It is a full government takeover of our basic liberties.
Four years ago this week the manipulators in "public health," government, academia, and the media launched a totalitarian idea that had never been seen before in the "free world" - they called it "15 days to slow the spread," but we know it as virus tyranny. A psychosis. New York Times Bestselling author Tom Woods joins today's Liberty Report to discuss his new book about this dark chapter in US history, "Diary of a Psychosis: How Public Health Disgraced Itself During COVID Mania."
Get Tom's book and the free e-book at: DiaryOfCovid.com
The Pentagon is doing a Zelensky - begging for money because it has shipped all its weapons to Ukraine. Whose idea was it to send weapons we need to Ukraine? Also today, Poland's neocon foreign minister confirms there are NATO troops already in Ukraine.
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