Every bubble goes through different phases before it finally bursts. They all end in a euphoric crack-up boom. In less than a year, the U.S. government has been clocking in debt at an average of $52,000 per SECOND, which more than what the average American earns in an entire YEAR! Is the U.S. government bubble finally reaching the end?
EU President Donald Tusk has openly broken with Washington over Trump's pullout from the Iran deal, Gaza, and looming tariffs, Tweeting recently that "with friends like these who needs enemies?" Will this expanding US/EU rift be the good kind of "blowback" from Trump's "capricious assertiveness" in foreign policy?
By Daniel L. McAdams
This week's killing of Palestinian protesters in Gaza was not just the work of Netanyahu and his hard-line government. Blame should be shared by the US neocons, a section of US religious radicals, the US Congress, and Beltway opportunists whose growing wealth depends on knowing which way the wind blows. And also partly by the rest of us who allow our government to send our money overseas to enrich "friends" and smite "foes."
This is not to say that we are "taking sides." But we cannot help notice that the death and maiming was unanimously visited on one side, with 60 Palestinians dead and more than 1,500 -- including journalists, women, children -- receiving Israeli army gunshot wounds, usually an exploding bullet delivered by a sniper to a Palestinian knee, ensuring a whole generation of cripples. And we cannot help notice the horrific conditions the Palestinians are forced to endure, especially those in Gaza which Ron Paul once likened to a concentration camp.
People often angrily ask why we don't rage against Israel or "the Zionists" on our Liberty Report and in Institute publications. Our intent has never been to single out entire groups or to meddle into the internal affairs of foreign countries. While we do believe it is fair to criticize the governments of some foreign countries for their actions (for example, we are often highly critical of our "ally" Saudi Arabia), our real intent is to focus on what actually is our business: the US government's facilitating, supporting, even encouraging actions and policies taken by foreign governments that run counter to our interests or to basic morality.
As I mentioned on the Liberty Report, people want to know whether you are pro-Israel or pro-Palestine -- what's wrong with just being pro-American? As I said in the program, how on earth does President Trump's moving the US embassy from Tel Aviv to Jerusalem serve American interests? What's in it for us? There is a religious group that supports the move because they believe it will hasten the end of the world, but the last time I checked we are not a theocracy and our government should not be in the business of undermining national interests to fulfill the idiosyncratic wishes of religious fundamentalists.
Yes, people should be allowed to believe whatever they wish when it comes to religion, but shouldn't we draw the line when it comes to those who actually push for World War III because they believe God needs our help to end the world?
Thankfully for us non-interventionists there is a relatively easy way out. We don't have to endorse either cause. We only have to call on our government to stay out of it. Stop moving embassies to please special-interest groups while increasing blowback risk. Stop funneling US tax dollars -- whether filtered through the State Department, the Defense Department, the CIA, or the Fed -- overseas. Stop acting as the world's largest arms dealer. Enough with "regime change" or "regime preservation" overseas.
As legendary investor and author Nassim Nicholas Taleb has said on our Liberty Report, if only outside powers had not intervened in the Israel/Palestine conflict it would likely have already resolved itself. Certainly the situation would be better than it is today.
President Trump's National Security Advisor John Bolton was bombastic on the Sunday talk shows, demanding essentially a North Korea surrender rather than setting the stage for mutually beneficial talks. As we predicted just a week ago, Bolton is making his move to blow up Trump's North Korea breakthrough.
By Liberty Report Staff
Ron Paul joins TRT world to discuss President Trump's erratic foreign policy.
Dr. Paul joins the conversation at the 5min 20sec mark:
Pretzel Logic: CEO Admits He Didn't Know What He Was Talking About When He Advocated a $15.00 Minimum Wage
By Robert Wenzel
Bill Phelps, co-founder and chief executive officer of the California-based Wetzel's Pretzels franchise, was a prominent advocate for the Golden State's $15 a hour minimum wage for several years, but has recently changed his opinion, reports the Washington Examiner. He now says that the rate — which has only just reached $11 — is already squeezing his businesses and hurting workers, and he worries things will likely get worse as minimum wage rises to the $15 level.
The CEO in 2016 wrote a pretzel twisted advocacy of a higher minimum wage in an op-ed for Forbes where he said, get this, "I’ve paid very close attention to our business as California has raised the minimum wage over the past couple of years. And what I found was stunning. When California increased the state minimum wage from $8 to $9 an hour in July 2014, our same-store sales doubled in the next two weeks and stayed that way for six months. When the minimum increased again in January of this year to $10, the same thing happened; our same-store growth rate more than doubled."
But now with the minimum wage at $11.00 he says, " I see a change happening now. I think fast food in general is flat to declining and you've got wage increases and the operators are getting squeezed."
"I was very bullish on the minimum wage increase. It was working really well for us. It was working okay for the fast food industry but there is no question you are going to have to see a reduction in the number of restaurants that are out there. You are going to see a reduction in service. And you are going to see more people going to technology to reduce labor costs," Phelps said.
"I see it — and everyone else I talk to in the restaurant business sees it — as a huge challenge. It is a total squeeze on the franchisees and I think it is going to result in less jobs, less restaurants and less service. That's how I see it today," Phelps said in a phone interview with the Examiner.
"I see the next wave of increases as these cities and states go from $11 to $15 as being hugely problematic. And that's where the issue is," Phelps said. He said that states such as California would likely see a growing chorus from business to halt the increases. He said he was willing to do some lobbying himself, if necessary. "My concern is that by the time we react it'll be too late."
Phelps said that at Wetzel's, and the entire fast food industry, automation of stores was one avenue that is being strongly looked at.
It is certainly a twist from 2016 when Phelps wrote:
Numbers don’t lie. Increasing the pay of millions of Californians has not increased unemployment.
This article was originally published at EconomicPolicyJournal.com
As President Trump's daughter and son-in-law celebrated the opening of a new US embassy in Jerusalem, some 60 protesting Palestinians were shot and killed in Gaza by Israeli snipers. The US embassy move was sold as a path to peace, but it looks like it is producing a mountain of blowback. Another foreign policy failure?
By Liberty Report Staff
Ron Paul joins Larry with his take on Donald Trump, the Russia Probe, and warns of a 'secret government' operating in the U.S.
By Ron Paul
Back in the 2008 presidential race, I explained to then-candidate Rudy Giuliani the concept of “blowback.” Years of US meddling and military occupation of parts of the Middle East motivated a group of terrorists to carry out attacks against the United States on 9/11. They didn’t do it because we are so rich and so free, as the neocons would have us believe. They came over here because we had been killing Muslims “over there” for decades.
How do we know this? Well, they told us. Osama bin Laden made it clear why al-Qaeda sought to attack the US. They didn’t like the US taking sides in the Israel-Palestine conflict and they didn’t like US troops on their holy land.
Why believe a terrorist, some responded. As I explained to Giuliani ten years ago, the concept of “blowback” is well-known in the US intelligence community and particularly by the CIA.
Unfortunately, it is clear that Giuliani never really understood what I was trying to tell him. Like the rest of the neocons, he either doesn’t get it or doesn’t want to get it. In a recent speech to the MeK – a violent Islamist-Marxist cult that spent two decades on the US terror watch list – Giuliani promised that the Trump Administration had made “regime change” a priority for Iran. He even told the members of that organization – an organization that has killed dozens of Americans – that Trump would put them in charge of Iran!
Giuliani shares with numerous other neocons like John Bolton a strong relationship with this group. In fact, both Giuliani and Bolton have been on the payroll of the MeK and have received tens of thousands of dollars to speak to their followers. This is another example of how foreign lobbies and special interest groups maintain an iron grip on our foreign policy.
Does anyone really think Iran will be better off if Trump puts a bunch of “former” terrorists in charge of the country? How did that work in Libya?
It’s easy to dismiss the bombastic Giuliani as he speaks to his financial benefactors in the MeK. Unfortunately, however, Giuliani’s claims were confirmed late last week, when the Washington Free Beacon published a three-page policy paper being circulated among National Security Council officials containing plans to spark regime change in Iran.
The paper suggests that the US focus on Iran’s many ethnic minority groups to spark unrest and an eventual overthrow of the government. This is virtually the same road map that the US has followed in Iraq, Libya, Syria, and so on. The results have been unmitigated disaster after disaster.
Unleashing terrorists on Iran to overthrow its government is not only illegal and immoral: it’s also incredibly stupid. We know from 9/11 that blowback is real, even if Giuliani and the neocons refuse to understand it. Iran does not threaten the United States. Unlike Washington’s Arab allies in the region, Iran actually holds reasonably democratic elections and has a Western-oriented, educated, and very young population.
Why not open up to Iran with massive amounts of trade and other contacts? Does anyone (except for the neocons) really believe it is better to unleash terrorists on a population than to engage them in trade and travel? We need to worry about blowback from President Trump’s fully-neoconized Middle East policy! That’s the real threat!
The drama in Washington continues around President Trump's choice of CIA official Gina Haspel to be its new director. Haspel's involvement in the CIA torture program and in covering up the evidence has led some Senators feeling unsure. Is Haspel qualified to head the CIA? That depends on what you think of the CIA and its mission...