Llewellyn H. Rockwell Jr.'s Blog, page 2459
July 24, 2017
Does the Military Need To Be Rebuilt?
“The number one priority of President Trump is to rebuild our military” ~ Vice President Mike Pence
Rush Limbaugh rarely has guests on his radio show, but sometimes makes an exception for Republican politicians.
This time it was for Vice President Mike Pence. Limbaugh was asking him about the Consolidated Appropriations Act (H.R.244) that Congress passed to fund the federal government until the end of the fiscal year (Sept. 30, 2017). Pence defended the budget compromise because it increased...
July 23, 2017
Practice, Practice, Practice
A rookie card player with a degree in accounting is this year’s World Series of Poker champion.
New Jersey native Scott Blumstein won the series’ marquee no-limit Texas Hold ’em main event early Sunday in Las Vegas surrounded by dozens of supporters including relatives and college friends.
He is now more than $8.1 million richer after eliminating Pennsylvania’s Daniel Ott on the 246th hand of the final table, more than 60 hands with just the two of them with bricks of bills and a gold bracele...
The Good Doctor
Not many people, I imagine, still read Dr. Johnson for pleasure or instruction, though he was once the favorite reading of the educated in the English-speaking world and his complete works found in practically all private libraries. He contrived to be a moralist without moralizing; he was an incomparably greater psychologist than Freud, having no ax to grind and no sect to found; and he was humane and charitable without sentimentality. No wonder that he is not in fashion. We prefer mental con...
When We Can No Longer Tell the Truth
Lies, half-truths and cover-ups are all manifestations of fatal weakness.
When we can no longer tell the truth because the truth will bring the whole rotten, fragile status quo down in a heap of broken promises and lies, we’ve reached the perfection of dysfunction.
You know the one essential guideline to “leadership” in a doomed dysfunctional system: when it gets serious, you have to lie. In other words, the status quo’s secular goddess is TINA–there is no alternative to lying because the tru...
Blockchain Is Freaking Governments Out
Dr. Pippa Malmgren, a US policy analyst and former member of the Working Group on Financial Markets, a government entity better known by its nickname, the “Plunge Protection Team,” appeared on Erik Townsend’s MacroVoices podcast to discuss bitcoin and the European refugee crisis, while also offering some clues about how the PPT, famous for its secrecy, operates.
On The Financial Implications of Europe’s Refugee Crisis
Townsend started the interview by asking Malmgren, who also served as a spe...
Is It Folly To Hold Cash?
Have you moved a material percentage of your financial portfolio to cash? Have you become so concerned about the meteoric ramp upwards in asset prices that you find it wiser instead to move to the sidelines, build “dry powder”, and wait to re-enter the markets at saner valuations?
If so, you have my sympathies.
The past 5+ years have been brutal for savers pursuing this strategy. I know this well, as I’m one of those folks, too.
The Mother Of All Financial Bubbles
As we’ve chronicled for year...
It’s Crazy Bubble Time
On July 10, 2007 former Citigroup CEO Chuck Prince famously said what might be termed the “speculator’s creed” for the current era of Bubble Finance. Prince was then canned within four months but as of that day his minions were still slamming the”buy” key good and hard:
“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing,” he said in an interview with the FT in Japan.
We are at that...
Do You Know How To Start a Fire?
It has been awhile since I have written about living a strategic life. For those of you new to Backdoor Survival, living a strategic life is something that I encourage everyone to embrace, prepper or not. As a matter of fact, it is so important to me personally that I co-authored a book about it, 11 Steps to Living a Strategic Life: A Guide to Survival During Uncertain Times
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In a nutshell, living a strategic life means that you are able to take care of yourself and your family no matter wh...
The Gov’t Rip-Off on Gasoline
Most people know they’re paying a lot of taxes every time they buy a gallon of gasoline.
Proportionately, few taxes are more regressive than motor fuels taxes – which currently amount to about 35 percent of the per gallon cost of gas (roughly, 50 cents in federal and state taxes on each gallon, which currently sells for a little over $2).
But there is a another tax on motor fuels which very few people even know exists that also dips deep into their pockets.
It is the federal mandate that each...
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