Llewellyn H. Rockwell Jr.'s Blog, page 2306

The EMP Hoax

This is a synopsis of David Hathaway’s book “ EMP Hoax ” released in January, 2018.

EMP has a lot of potential for years of taxpayer funded boondoggle technology. The single “definitive” event that purportedly proves that civilian infrastructure can be knocked out from a nuclear EMP is the “Hawaiian Street Light incident.” A government funded study supposedly proves an EMP cause for the incident. The ones who want to gin up fear usually point to this incident from the heyday of high-altitude nu...

Don’t Speak to the Feds

In the late 1980s, as federal prosecutors in Manhattan (where Rudy Giuliani was the U.S. Attorney) were leaking information to the media about the alleged misdeeds of investment banker Michael Milken, the Milken team asked to meet with federal officials. Milken and his lawyers believed that what Milken was doing was legal but perhaps misunderstood, and their stated purpose for meeting was to help “clear up” any misconceptions that federal agents and the media, which already had received illeg...

The Shale Miracle

As of this week, the shale oil miracle launched US oil production above the 1970 previous-all-time record at just over ten million barrels a day. Techno-rapturists are celebrating what seems to be a blindingly bright new golden age of energy greatness. Independent oil analyst Art Berman, who made the podcast rounds the last two weeks, put it in more reality-accessible terms: “Shale is a retirement party for the oil industry.”

It was an impressive stunt and it had everything to do with the rea...

US Hypocrisy on Messing

The United States government has interfered with more elections than any other government on the face of the earth.  But suddenly, the US is grandstanding and pretending it matters that other nations use the exact same tactics.

“Ah, the peddler propaganda!” says Joe Joseph with The Daily Sheeple while reading a headline declaring that Russians penetrated U.S. voter systems. “Say it ain’t so! A clandestine operation by a foreign government here in the United States? No. Couldn’t be!” he said s...

Is the Steele Dossier Full of Russian Dirt?

With text messages between US Justice Department (DOJ) conspirators Peter Strzok and his adulterous main squeeze Lisa Page now revealing that then-President Barack Obama “wants to know everything we’re doing,” it now appears that the 2016 plot to subvert the rule of law and corrupt the US organs of state security for political purposes reached the very pinnacle of power. To call the United States today a “banana republic” increasingly may be seen as a gratuitous insult to the friendly spider-...

Strong Dollar, Weak Dollar

Contradictory Palaver

The recent hullabaloo among President Trump’s top monetary officials about the Administration’s “dollar policy” is just the start of what will likely be the first of many contradictory pronouncements and reversals which will take place in the coming months and years as the world’s reserve currency continues to be compromised.  So far, the Greenback has had its worst start since 1987, the year of a major stock market reset.

A modern-day reenactment of the famous “our cur...

The Dollar

Virtually no investor studies history and the few who do always think it is different today. The most important lesson is that people never learn. If they did, they wouldn’t be invested in a stock market that on any criteria is now at a bubble extreme. And they wouldn’t be invested in a global debt market which has grown exponentially in recent decades and which will become worthless in the next few years as debtors default. Nor would anyone hold paper money which is down 97-99% in the last 1...

This Week’s Mini-Crash

According to the mainstream narratives, a state of inflation alert was the catalyst to the US stock market mini-crash of February 2 and February 5, 2018. This explanation echoes the run-up to the October 1987 stock market crash. On other occasions in history, inflation alerts have not had such an immediate effect, with the pull-back of asset price inflation (which typically leads reported goods and services inflation) waiting for a substantial tightening of monetary policy.

Now everyone and h...

What’s Fractional-Reserve Banking?

Review by Charles H. Rosa:

If you want to finally understand how the current banking system (based on the concept of the fractional reserve system – i.e., legalized counterfeiting) works, this is the book for you. Great explanation of the mechanics. Also, the book clearly demonstrates that we need to clearly delineate between loan banking (i.e., savings/investment) and deposit banking (i.e., money warehousing), and get deposit banking back to a 100% fractional reserve basis if we are ever to...

Randy Newman’s Own

Randy Newman is part of the Newman clan of musical geniuses.

The dynasty got its start with Randy’s uncle, Alfred, who at age ten began earning a living a a piano player. He became a fixture at 20th century Fox. He was nominated for an Oscar 45 times, and won nine times. His brother Lionel, Randy’s father, was nominated ten times. He won in 1970 for Hello, Dolly. Together, the Newman family has been nominated for an Oscar 70 times. Their story is here.

Randy has been nominated 17 times. He wo...