Llewellyn H. Rockwell Jr.'s Blog, page 2234

Rising Interest Rates, Trade Wars, Shooting Wars

When Jim Rogers talks, investors listen. One of the world’s most famous investors, Rogers is known for his no-nonsense style and investment wisdom. He is the author of several best-selling books, such as “Hot Commodities” and “Street Smarts: Adventures on the Road and in the Markets.” ETF.com recently spoke with Rogers about the latest financial market developments, including why he sees a big downturn taking shape in the next year or two.

ETF.com: You recently said you see the worst stock ma...

A New War Looms in the Mideast

Israel launched waves of air attacks and ground shelling on a score of alleged Iranian military positions in Syria this week.   Was this a big step forward in the plan by Israel’s leader Benjamin Netanyahu and his ally Donald Trump to provoke a major war with Iran?

It certainly looks so.  The US, Saudi Arabia and Israel all recently suffered a stinging defeat in Syria. Their campaign to overthrow the Assad government in Damascus by using the rag-tag ISIS movement, then Sunni Muslim jihadist w...

Trust Sessions, Horowitz, and Huber

Q was quiet over the weekend but on Tuesday, May 8th he provided us with a significant reminder of why we should “trust Sessions” by asking us who Horowitz and Huber are.

US Attorney John W. Huber has been the lead Federal law enforcement official in Utah since he was appointed by Obama in 2015. When Trump was elected, Huber was one of 46 State Attorneys asked to resign, but he was one of the very few asked by Sessions to return to the position for an additional four years. Before assuming th...

Work in the Private-Law Society

A private-law society has no government safety net. In 2011, the Congressional Research Service found that the federal government had 83 welfare programs that were costing over $1 trillion. Welfare is the largest component of government spending. One trillion dollars is like 50 million people x $20,000 each. Welfare programs actually service 52.2 million people. That’s a lot of people, a lot of money, a lot of government theft, a lot of welfare dependency and a lot of incentive to stay out of...

Russia Is Opposed to a War

Although for the most part, observers are taking sides in the Russo-US conflict and hoping for the victory of their camp, Moscow is attempting to calm the atmosphere in the Middle East. It is therefore opposed to an attack on Israël by Iran, just as it was opposed to an Israëli operation against Iran in 2008.

Israël fired nine missiles against two Syrian military bases in the night of 29-30 April 2018, causing serious damage.

What is surprising about this operation is that the Russian radars...

Classical Liberalism and Totalitarianism

The Quest for Community: A Study in the Ethics of Order and Freedom, by Robert Nisbet

From the back cover:

…as the traditional ties that bind fell away, the human impulse toward community led people to turn even more to the government itself, allowing statism—even totalitarianism—to flourish.

From the time that classical liberalism reached its zenith until totalitarianism achieved the same was a matter of a few short decades – from utmost respect for the individual to utmost devastation for a...

Melting Pots, New Identities

In 1987, V.S. Naipaul was asked by Andrew Robinson, “Have the immigrants from Asia and the Caribbean changed British life?”

Naipaul, “I feel that there will be a lot of difficulty. I don’t see how it can be avoided, especially with these immigrants who are not seeking a new identity or a new kind of citizenship. They are migrating to allow their barbarism to flower, so they can be more Islamic or more Sikhish than they can be in the comparative economic stagnation of their home societies. I t...

The Art of Breaking a Deal

Breaking the unwritten rules of global diplomacy, the Trump administration is now in violation of the multilateral Joint Comprehensive Plan of Action, or in plain language the Iran nuclear deal. Nuance is notoriously absent in what can only be described as a unilateral hard exit.

All suspended United States sanctions against Iran will be reinstated, and harsh additional ones will be imposed.

It does not matter that the International Atomic Energy Agency, orIAEA, repeatedly confirmed Iran was ...

All Fired Up…Again

Another Tesla has crashed – and burned.

And, killed.

Two Florida teens lost their lives on May 9 when the Model S they were traveling in erupted into flames after striking a concrete barrier. As in previous incidents – at least three others – a large portion of the car was quickly and almost completely consumed before the fire was put out.

Since Teslas are electric cars and don’t burn gas, this one wasn’t burned to a cinder by gasoline.

It was the lithium-ion battery pack that caught fire.

Th...

These Are Mueller’s Questions?

PORT ORCHARD, Wash.—So, yeah, it’s kind of obvious why Robert Mueller’s “secret questions that he wants to ask Trump” got leaked to the New York Times.

I could have written these questions.

Because . . . I read the New York Times.

Anybody with access to Google Search could have written these questions.

Mueller got half of them from reporting in the Times and the Washington Post.

There’s no background to these questions that’s not already known to, like, everybody in the world.

Shouldn’t the s...