Llewellyn H. Rockwell Jr.'s Blog, page 340

The Downside of Complacency: Illiquidity Evaporates Stocks and Real Estate

Confidence / complacency doesn’t map the real world, in which liquidity dries up and markets go bidless.

When Alan Greenspan issued his mea culpa in late 2013 about missing the subprime mortgage implosion and the resulting Global Financial Meltdown (Why I Didn’t See the Crisis Coming Foreign Affairs), he started by noting the complete and utter failure of everyone’s sophisticated models to predict the collapse of confidence.

The core failure, he suggested, lay in the models’ reliance on the noti...

Pentagon Again Applies Budget Lies To Deliver More Weapons To Ukraine

Whenever the Pentagon runs out of money designated by Congress as aid to Ukraine it starts to use creative accounting to free up some additional money from its general budget. The ‘accounting errors’ used therein are always in favor of more weapons to Ukraine.

Exclusive: Pentagon accounting error overvalued Ukraine weapons aid by $3 billion – May 19 2023, Reuters

The Pentagon overestimated the value of the ammunition, missiles and other equipment it sent to Ukraine by around $3 billion, a Senate...

China Throws Clout Behind Palestine

HONG KONG – The Beijing Declaration, signed earlier this week, constitutes yet another stunning Chinese diplomatic coup, but the document goes far beyond affirming China’s pull.

The gathering of representatives of 14 Palestinian factions to commit to full reconciliation showed the entire world that the road to solving intractable geopolitical problems is no longer unilateral: it is multipolar, multi-nodal, and features BRICS/Shanghai Cooperation Organization (SCO) member China as an inescapable ...

Biden’s Parting Deluge of Deceit Deserves Damning

In a mere 11 minutes on Wednesday night, President Biden settled any doubts about whether he was fit for another four years of the presidency. Uncle Joe wrestled with the teleprompter like a slacker high school boy blindsided by trigonometry questions on the math SAT test. By the end of the Bidens brief spiel, most judges declared that the teleprompter had won by technical knockout.

A few weeks ago, Biden declared that it would take “the Lord Almighty” to get him to end his re-election campaign....

Civil Unrest Is the Next Most Predictable Crisis for America Now

For the past six months I’ve been writing about the clear uptick in civil war rhetoric within the establishment media in the US, and we all know that the coming presidential election is the reason for it. The bottom line is that no matter who ends up in the White House in 2025 there will be mass violence, but most of this violence will be reserved for the possibility of Donald Trump’s return.

Set aside the recent attempted assassination (and how the Secret Service made it possible) for a moment ...

The Real Boss of Congress Comes to Town

New York – According to Britain’s esteemed medical journal, The Lancet, 186,000 Palestinian adults and children have so far been killed or died of disease in Gaza. Nearly 600 Palestinians have been killed on the Israeli-occupied West Bank. 10,000 Palestinians languish in Israeli prisons.

The official Arab death toll to date is 39,670, including more than 15,000 children.  Close to 80,000 Palestinians have been wounded.

Israel says 1,139 Israelis were killed.  Half of Gaza’s homes have been destr...

US Representatives Jim Jordan & James Comer Must Undertake a Congressional investigation of the Assassination Attempt on Trump

There is competent analysis on the Internet of acoustic evidence indicating more than one shooter involved in the attempt on Trump’s life. Obviously, what is needed is a credible, brave, credentialed acoustic expert to analyze the acoustic evidence. This should be arranged by committees of the US Congress, such as the committees headed by Jim Jordan and James Comer. It is completely clear that neither the FBI, which has been trying to destroy Trump and his supporters for eight years, nor the Sec...

Suicide Squad

At the end of the last century, hoping to drive the United States from Saudi Arabia, the home of Islam’s holiest sites, al-Qaeda leader Osama bin Laden sought to draw in the American military. He reportedly wanted to “bring the Americans into a fight on Muslim soil,” provoking savage asymmetric conflicts that would send home a stream of “wooden boxes and coffins” and weaken American resolve. “This is when you will leave,” he predicted.

After the 9/11 attacks, Washington took the bait, launching ...

The Global Risks Report- Top Insurance Execs ‘Alarmed’ by ‘Sudden Surge’ in Deaths Among Jabbed Young People

(Chaz Anon) Executives at the largest insurance companies in the United States say they are ‘alarmed’ at the ‘sudden surge’ in deaths among fully jabbed young people.

According to an Oct. 26 report in InsuranceNewsNet, U.S. insurance execuives are worried about the crippling payouts they are being forced to make due to the unprecedented number of young, healthy adults dropping dead following the jab rollout.

Expose-news.com reports: Insurers saw death benefits rise 15.4% in 2020, the biggest one...

Unelected Technocrats Are Now the Nation’s Chief Executives

President Biden has not been seen in public since announcing he would not seek re-election on Sunday. Biden’s “resignation” was nothing more than a text-only post on Twitter/X—and we know that the president does not manage his own social media accounts. There has been no video of the president making an announcement, and the White House is apparently planning no press conference or official act of any kind. Biden has not been seen by anyone except his inner circle in days. (We can contrast this ...