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After a very promising start, at least with regard to Russia, President Trump appears to be heading down the Biden road to more confrontation and WWIII brinksmanship. On Israel he has shown himself to be anything but the peacemaker he promised to be, forcefully rejecting any Congressional efforts to slow down weapons transfers to an Israel that is using said weapons largely against civilian populations in Gaza. Have the neocons completely gotten their hooks into Trump?
New poll numbers go from bad to worse for President Trump, as his MAGA base - who signed on for "no more wars" and "America First" - are increasingly disappointed watching the nightmare unfolding in Gaza, while Trump continues to back Netanyahu's slaughter. Conservatives inside and outside Congress are increasingly vocal over the harm being done by Trump's continued support of Israeli actions.
Get tickets to the Ron Paul Institute's August 16th DC Conference! More info here: https://www.eventbrite.com/e/blueprint-for-peace-tickets-1397170888739
It was a bizarre display: President Trump read the terms of surrender to EU Commission President Ursula Von der Leyen. One of those terms was for the Europeans to purchase a quarter of a trillion dollars worth of very expensive US LNG each year. The other terms are equally impossible. Are we in a post-reality society?
By Ron Paul
President Trump has recently suggested that, unless Federal Reserve Chairman Jerome Powell cuts interest rates, the president might revert to his The Apprentice days and tell Powell, “you’re fired.” President Trump backtracked on firing Powell after the president’s comments caused stock markets to fall. However, it is almost certain that President Trump will not reappoint Powell when Powell’s term ends in May. Media reports indicate the leading candidates to replace Powell include Treasury Secretary Scott Bessent, former Federal Reserve Board Governor Kevin Warsh, and National Economic Council Director Kevin Hassett. A more interesting question than who will replace Powell is why would anyone want to, since the next Fed chairman will likely face another Fed-caused meltdown. The national debt is over 37 trillion dollars and rising. Yet few in Congress are serious about cutting federal spending. This puts pressure on the Fed to keep interest rates low to limit the cost of ongoing debt interest payments. So, the Fed continues monetizing the debt, pumping more money into the economy, weakening the dollar’s purchasing power, and eroding the American people’s standard of living. The Federal Reserve’s low interest rate policy also distorts the market, leading to the bubble-boom-and-bust business cycle that has plagued the American economy since the last link between the dollar and gold was severed in 1971. The Fed’s job is also made more difficult by a reduced demand for Treasury securities among investors, causing the Fed to increase its purchases. This pumps more money into the economy, further eroding the dollar’s value. Concerns about the national debt’s effect on monetary policy are a key factor behind the recent increase in gold prices and the interest in cryptocurrencies. The danger posed by the national debt is one reason why foreign countries are increasing their gold holdings and considering challenging the US dollar’s world reserve currency status. Whoever succeeds Jerome Powell as Fed chairman will face a no-win choice. He could try to keep interest rates low to ensure the federal government’s interest payments remain manageable, at the cost of making it more likely the US economy will face another Federal Reserve caused meltdown. Instead, he could try increasing rates to limit price increases thus raising the cost of managing government (and private sector) debt to unsustainable levels, throwing the economy into a severe downturn. Congress members and President Trump are attacking Chairman Powell for spending over two billion dollars on Federal Reserve headquarters renovations. This is a waste of taxpayer money, but it pales in comparison to the harm suffered by the American people because of the Federal Reserve’s inflationary policies. Treasury Secretary Bessent has suggested expanding the investigation beyond the costs of renovating the Fed headquarters to examination of “the entire Federal Reserve institution” to determine if the Fed has “succeeded in its mission.” This suggests Secretary Bessent would support passing the Audit the Fed legislation, which is a step toward returning to a constitutional and sound monetary policy. However, anyone who understands Austrian economics knows a fiat money system managed by a secretive central bank can never succeed in creating lasting prosperity and will eventually crash the economy. No person or persons can know the “correct” interest rates, and the Federal Reserve’s attempts to control interest rates are destructive like other central planning. The proper answer to who should be Fed chairman is…nobody.
Meeting with UK Prime Minister Keir Starmer in Scotland, President Trump announced his decision to scrap his 50 day deadline for an end to the Ukraine war and instead make it a 10 day deadline. But what will he do? Trash the US economy with 100 percent secondary sanctions on China and India? Green-light deep strikes into Russia - Biden-like - and bring us back to the brink of WW!!!? What's the plan?
President Trump visited the Fed yesterday, seemingly to shakedown Jerome Powell for lower interest rates. Is this how interest rates should be derived in a so-called "capitalist" society? Two men, disagreeing over price fixing? That's the Soviet way of doing things. Also, is President Trump (who continues to run-up government spending and debt) really in the position to accuse the Fed of "cost overruns"?
The MAGA 2.0 movement in many ways draws its coherency from a demand to "release the Epstein list," with the assumption that the rich and powerful are engaged in nefarious activities. Now that the MAGA 2.0 supporters have been told by the Trump Administration that there aren't any files after all, a full blown rebellion continues to simmer inside the Trump camp. Can the president navigate this growing anger in his base?
By Ron Paul
As Syria descends into full-scale civil war, with more than a thousand people killed in just the last few days, it may be a good time to remember the phrase, “Assad must go.” That was the slogan the regime-changers rolled out some 14 years ago during the “Arab Spring” that was supposed to usher liberal democracies into power throughout the region. From Tunisia to Egypt to Libya and on to Syria, the plan was to remake the Middle East according to the will of Washington’s “master planners.” The State Department, the media, the Pentagon, and the think tanks fed by the military-industrial complex were all enthusiastically on-board the program because making war and overthrowing governments is their bread and butter. If the United States pursued a foreign policy of non-interventionism as laid out by our Founders the massive “national security state” would cease to exist. We would return to being a republic and they would have to return to honest work. Instead, a determined effort that took nearly 14 years finally produced the “regime change” in Syria last December that the neocons wanted. Assad did finally go – to exile in Russia – but as is always the case with US-directed regime change, his replacement was even worse. Imagine all those years fighting the “war on terror” and then cheering when a branch of al-Qaeda takes power in Syria. Yet that’s exactly what happened, with President Trump going so far as to praise Syria’s self-appointed president as, “a tough guy, a fighter, with a very strong background.” Assad, like Libya’s Gaddafi and the others targeted for “regime change,” was no saint. But as with Libya, we are seeing the chaos unleashed by US intervention in Syria is making the country far worse than before. Libya has remained in chaos and civil war for the past decade, with no future for its people. That seems to be what is in store for Syria as well. The new, unelected regime has slaughtered Alawites and Christians from nearly day one, and last week turned its guns on the Druze minority. A country of many different faiths and ethnic groups has been ripped apart, probably for good. Those pushing regime change all these years called us “Assad apologists” when we cautioned against intervention. We should not expect an apology now that their regime change has achieved the opposite of what they promised. The failed Soviet Union demonstrated that central planning never works. Centrally-planned economies produce luxury for the elites and poverty for everyone else. Yet the US foreign policy establishment believes it can centrally plan the government, economy, and even religion of countries thousands of miles away and about which it knows nothing. Once again we can see how wrong they are and what destruction their actions cause. Syria’s descent into mayhem and violence is another tragic reminder that Washington’s neocons are very good at undermining and overthrowing governments abroad that refuse to “play ball” according to DC rules, but when it comes to actually bringing anything of value from the chaos they create they are hopelessly incompetent. In Syria the damage is done, and future generations will continue to suffer from the cruel folly of those convinced they know how to run everyone else’s lives.
Just when you thought Congress could sink no lower, in comes Randy Fine (R-FL), who has multiple times mocked the suffering in Gaza and who yesterday said Palestinian children should "starve away" until the Israeli hostages are released. Polls continue to show that Americans are repulsed by what is happening to Palestinians in Gaza, yet somehow they continue to elect representatives like Randy Fine. What gives?
Get tickets to the Ron Paul Institute's August 16th DC Conference! More info here: https://www.eventbrite.com/e/blueprint-for-peace-tickets-1397170888739
Director of National Intelligence Tulsi Gabbard blew the whistle on what could well be the "Crime of the Century" - the collusion between outgoing President Barack Obama and his top intelligence officials John Brennan and James Clapper and others to manufacture a false story about Donald Trump's "collusion" with the Russians to win the 2016 election. The goal was nothing less than a coup against the American people and their choice for president in 2016. Also today - are we really going to audit the fed?
Get tickets to the Ron Paul Institute's August 16th DC Conference! More info here: https://www.eventbrite.com/e/blueprint-for-peace-tickets-1397170888739 |
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