In a rare press conference after the Madrid NATO Summit today, President Biden was asked how long Americans should expect to pay high gas prices over the Ukraine conflict. Biden's response was flippant: "for as long as it takes." He also blamed high food prices on "Russia, Russia, Russia." Are Americans buying it? Also today: They're turning West Point into "Woke Point" and some retired grads are steaming!
Ukraine insane, inflation, wokeism, endless money printing: bestselling author Richard Maybury joins today's Liberty Report to discuss how the enemies of liberty have used the public school system to advance their agenda...and how liberty can make a comeback.
Richard's Early Warning Report: https://www.ewroffer.com
Uncle Eric books here: https://www.earlywarningreport.com/books.html
After two days in a luxurious German castle, President Biden and the rest of the G7 leaders pledged to continue shipping an endless pipeline of dollars to Ukraine, even as the war continues to be lost. With western enthusiasm waning, however, is this just hot air? Also today at G7: Don't say Covid! Finally today - US military recruiters find little interest among young Americans. Why?
In another case of who is leaking and why, the New York Times has revealed that the CIA is heavily involved in training and advising Ukraine in its war with Russia. As former CIA official Larry Johnson writes, this is a very selective leak from the US government. So we need to read between the lines to answer why. Also today...one day before NATO's Madrid summit the talk is all about escalation.
By Ron Paul
The Supreme Court undid one of its worst mistakes last week when it overturned Roe v. Wade, the 1973 decision declaring a constitutional right to abortion. The Constitution reserves to the states the authority to write and enforce laws regarding murder. Since the question of whether or not to legalize abortion revolves around whether abortion is murder, it is not a federal issue. Roe was thus an illegitimate usurpation of state authority.
The Dobbs v. Jackson Women's Health Organization decision last week will not stop the federal government from using the tax dollars of those who believe abortion is murder to fund abortion and family planning both in the United States and abroad. Those opposed to abortion, and in favor of constitutional government, must continue their efforts to end all federal funding of abortion.
Some state governments, such as in Texas and Mississippi, have adopted laws against abortion that are “triggered” after Roe is overturned. Now, additional pro-life state legislators and activists are no doubt planning to push other states with pro-life majorities to pass legislation outlawing abortion.
States where the majority favor legal abortion are no doubt planning to pass pro-abortion legislation. Some of these states will pass laws providing enhanced financial support for lower-income women to receive abortions. Pro-abortion activists are also planning to provide help to women from states where abortion is outlawed to travel to a state where they can legally “terminate” their pregnancies.
Pro-lifers should not respond to pro-abortion state laws by trying to pass an unconstitutional law making abortion a federal crime. Instead, they should work to change attitudes and build a culture of life. One way to do this is by supporting crisis pregnancy centers. These centers help pregnant women in difficult situations see that there are alternatives to abortion. Sadly, the crisis pregnancy centers are among the “woke” mob’s targets for cancellation. If the left were truly “pro-choice” they would not try to shut down privately run pro-life pregnancy centers.
Many libertarians believe that outlawing abortions violates a woman’s right to bodily autonomy. However, the nonaggression principle, which is the philosophic foundation of libertarianism, prohibits committing acts of aggression. Murder is certainly an act of aggression. Therefore, even though all humans have a right to bodily anatomy, this does not justify abortion.
No one ever asked an expectant mother, “how’s the fetus?” Instead, people ask about the baby. This implicitly acknowledges the unborn child’s humanity and thus the child’s right to live. The denial of this right has warped our constitutional system. More importantly it has contributed to the devaluing of human life that is the root of much of America’s moral crisis. A society that devalues life will not respect liberty. Therefore, all who value liberty must protect the right to life. This does not just include ending abortion. It also includes rejecting the militaristic foreign policy that kills innocents in the name of “freedom and democracy.”
Just as pro-life conservatives should be antiwar, progressives should reject the violence government commits against its own citizens via taxation, income redistribution, and the fiat money system that robs average Americans to benefit politicians and elites. Rejecting the use of force, including government force, will lead to a society that values and protects our lives, liberty, and property.
The posturing that inflation is such a "surprise" is typical, but shameful nevertheless. No one should be surprised that prices are skyrocketing after the government spent many trillions that it doesn't have. Further, it was only able to spend those trillions because the Fed counterfeited the money out-of-thin-air. Today's economic suffering could not be more predictable.
In a stunning 6-3 decision, the US Supreme Court ruled unconstitutional the New York requirement that applicants for a concealed carry handgun permit must show a special cause for the request. The Second Amendment "protects an individual's right to carry a handgun for self-defense outside the home," wrote Justice Clarence Thomas in the majority opinion. Also today: Biden's top economic advisor claims the best way out of inflation is...more government spending!
Get your EARLY BIRD tickets for the RPI Conference! Info: http://ronpaulinstitute.org/archives/featured-articles/2022/june/23/anatomy-of-a-police-state/
President Biden is set to announce a temporary suspension of the federal gasoline tax in the face of record gas prices in the US. However, with gas prices around five dollars per gallon, the 18 cents per gallon savings equals about two dollars per tank savings. Is this a band-aid on a gushing wound? Also today, only 11 percent of Americans buy the "Putin price hike" rhetoric. And...Congress expands US economic war on China with new import ban.
UN World Food Program head David Beasley announced yesterday that global food rations for refugees will need to be cut in half due to the unprecedented food crisis. How much of this crisis is man-made as the elites use food as a weapon in what has turned out to be a futile effort to punish Russia? How much of the food and energy crisis is actually being cheered by those pushing the "green" agenda? Also today: Slovakia miffed that Germany won't replace junky Soviet tanks sent to Ukraine with shiny new German models for free.
By Ron Paul
The Federal Reserve’s recent 0.75 percent increase in its “benchmark” interest rate is the Fed’s highest rate increase since 1994. This increase is a sign that the Fed has finally realized that price inflation is more persistent and widespread than the Fed initially believed.
Stocks have fallen much lately. This is in part because of fears rate hikes will push the economy into recession. The Fed itself seems to believe that the economy is going to slow down in the near future, as it has reduced its projection of 2.2 percent economic growth in 2022 to 1.7 percent. Even more ominously, the Atlanta Fed’s GDP tracker fell to zero for the second quarter of 2022, due in part to May’s weak retail sales.
The Fed claims it will reduce inflation without significantly increasing unemployment or causing a recession. This is likely to be as accurate as the Fed’s prediction that inflation was “transitory.”
This latest rate increase will only raise rates to where they were before the lockdowns led the Fed to embark on a historic money-creating spree. The Federal Reserve cannot increase rates to anywhere near the level they would be in a free market because doing so would increase interest payments to unsustainable levels for debt-ridden consumers, businesses, and the federal government.
Increases of a couple percent or less in interest rates can cause big increases in federal debt payments. The resulting new spending puts pressure on the supposedly “independent” Fed to maintain low rates, making it more likely the Fed will fail to tame inflation but succeed in resurrecting stagflation, combining price inflation with a recession. This new stagflation will make the 1970s look like a golden era.
Despite the skyrocketing debt and the Fed’s role in creating inflation, there are few in Washington committed to spending cuts. Congress is currently getting ready to authorize an across-the-board spending increase for next year. Meanwhile, the US government is spending tens of billions of dollars this year related to Ukraine, and the Biden administration is still pushing for massive new domestic programs.
The return of stagflation will increase the growing movement to replace the dollar as the world reserve currency. This will be the final nail in the welfare-warfare-fiat money regime’s coffin. History shows that such a crisis usually results in people embracing some form of authoritarianism. However, if those of us who know the truth are effective in spreading the ideas of liberty, this crisis can result in a turning to the principles of minimal government and maximum liberty.