Llewellyn H. Rockwell Jr.'s Blog, page 16

A Nation Managed by Misreads: Payroll Revisions, Rate Suppression, and the Debt Crisis

The BLS has come out with another huge rug-pull on its nonfarm payroll count. And also, predictably, this has triggered loud blathering from both Wall Street and the White House on behalf of exactly the wrong conclusion.

To wit, we don’t need any more Fed rate cuts! And we don’t need a new eruption of money-printing, either, because the real cost of debt is already dirt cheap.

For instance, here is the inflation-adjusted Fed funds rate over the last four decades:

Since the turn of the century, ...

Coming Melt-Up or Meltdown—and How To Protect Yourself

International Man: Historically, financial markets have often ended in euphoric blow-offs or painful crashes. Do you think today’s environment resembles past periods like the late 1920s, the 1970s, or the dot-com bubble?

Doug Casey: There’s an old saying in the market: “Money makes the mare run.”

The markets have tended to move much more radically since the Federal Reserve, the creator of money, was itself created. For generations, we’ve had a whole class of market savants, known as Fed watchers...

Qatar, Not Israel, Now at Center of Trump’s Middle East Strategy?

The US has become, in effect, a military guarantor for Qatar. With Trump’s unprecedented Executive Order of September 29, 2025, Washington now “shall regard any armed attack on the territory, sovereignty, or critical infrastructure” of Qatar as a threat to the US, pledging to respond with “military” measures, “if necessary”.

For the first time, with the exception of NATO’s Turkey, the US has formally committed to the defense of a regional partner in the Middle East (not Israel).

Expert Bilal Y. ...

Benjamin Netanyahu—And Donald Trump—Declares War on the United States

Israel Prime Minister Benjamin Netanyahu is already fighting a seven-front war. He is at war with virtually every country in the region. These are all wars of Israeli aggression. Not a single war is just; not a single war is defensive in nature. Now, Israel’s madman has opened an eighth front: war against the United States.

No, it’s not a war with missiles and bombs; it’s an all-out billion-dollar war using mass media, social media, paid influencers, major corporations and Jewish billionaires ag...

It Looks Like It Will Be War That Resolves the Conflict Between the West and Russia

I have labeled Putin’s conduct of war in Ukraine a strategic blunder that has ever-widened the war and is on the verge of spiraling out of control if Trump delivers nuclear-capable Tomahawk missiles to Ukraine.  The way Putin has conducted the war, now approaching four years in duration, has maximized Russian casualties.  Putin stupidly never permitted the Russian military to cut the train lines between Poland, Lvov, and Kiev, thus permitting unrestricted inflow into Ukraine of US and NATO weapo...

Gen. Michael Flynn Denounces ‘Assault on Christianity’ in the US

Former Trump national security adviser Lt. Gen. Michael Flynn decried the “assault on Christianity” in the United States, citing the “staggering” number of Catholic churches that have been attacked in recent years.

Flynn, in a recent interview with Project Veritas founder James O’Keefe, shared how he learned that over 500 Catholic churches in the United States had suffered damage from attacks, including arson.

“The targeting, the fear, the intimidation, it’s all designed to silence people of fai...

The White Women Conspiracy

I’ve said it before, and I’ll say it again; White women are the crown jewel of human civilization. God’s most spectacular creation. How many men have lived and died in the hope of attaining their affection? This is a critique, but also a genuine love letter. You turn our heads. You make us do heroic, dangerous, and foolish things.

Little White boys all like to show off in front of little White girls. I don’t know, I suppose with the “diversification” of this country, maybe little White boys now ...

The True Meaning of Stoicism

Self-discipline isn’t supposed to be punishing. Rather, it’s friendly and encouraging. The encouraging Master is strict only in holding fast to moderation.

Today, “stoicism” means weathering adversity without complaint. There is much more to the philosophy of stoicism than that.

In its entirety, stoicism is a philosophy of wisdom much like Buddhism in its emphasis on virtue, self-control, renunciation of excess, self-improvement, detachment, cause and effect (The Four Noble Truths) and the cessa...

Trump’s Gaza Peace Plan Won’t Work, It’s an Ultimatum Under Genocide

The so-called peace plan put forward by U.S. President Trump is a non-starter that won’t work, according to international legal expert Alfred de Zayas.

The so-called peace plan put forward by U.S. President Trump is a non-starter that won’t work, according to international legal expert Alfred de Zayas.

De Zayas says Trump’s much-ballyhooed initiative is not a peace offer. It is an ultimatum demanded by criminal rogue regimes that are responsible for genocide – the United States and Israel.

Prof...

Should Libertarians Be Monarchists?

As most of the world’s “liberal” democracies continue to embrace more ruinous censorship, war, crippling inflation, crushing debt, and rising crime, many who pine for a different type of political order understandably look to regime types other than the modern democratic state. In some cases, monarchy is offered as an alternative.

The idea has been embraced by a variety of groups including Catholic integralists, moral traditionalists, and classical conservatives of the variety of Burke and de Ma...