Llewellyn H. Rockwell Jr.'s Blog, page 375

Federal Reserve’s Inflation Confirmation Fallacy

The reason for the dangerously high growth rates of Fed credit is what might be termed the inflation confirmation fallacy. That is to say, once high inflation broke out for the first time in peacetime history, flummoxed mainstream economists soon embraced the notion that the central bank should midwife a gentle, gradualist cure by “accommodating” some significant part of the rising price level, lest a too stingy growth of Fed credit would cause real interest rates to soar and bring the economy t...

An Urgent Letter to Vladimir Putin

Sir:

I’ve written some mostly tongue-in-cheek pieces in the past about Western Leaders dissing you ( Those Silly Russians, How Stupid Is This Narrative?, Oh No! Not Novichok Again!, etc.)

I hope you took them in the spirit in which they were intended?

But in a more serious vein, I worry about you now and then, the nuclear fate of life on earth solidly lodged on your shoulders 24/7. At least you have Mr. Lavrov to share the burden. Despite that, neither of you seem to age much, what’s your secret...

The Recognition ff Reality Destroys the Dystopian Dreams of the Borg

– The Borg are an alien group that appear as recurring antagonists in the Star Trek franchise. The Borg are cybernetic organisms linked in a hive mind called “the Collective”. The Borg co-opt the technology and knowledge of other alien species to the Collective through the process of “assimilation”: forcibly transforming individual beings into “drones” by injecting nanoprobes into their bodies and surgically augmenting them with cybernetic components. The Borg’s ultimate goal is “achieving perfe...

The Link Between Nutrition and Native Immunity

I have long believed that native peoples — in the Americas, in Africa and in the South Seas — began to suffer from infectious disease as soon as they came in contact with European colonists. In fact, many have asked me how such healthy people could succumb to disease so quickly.

My answer — and not a very good one — was that in traditional cultures that had not had contact with infectious disease, the people did not need to build a strong immune system during growth, so that the nutrient-dense d...

How Many Millennials Will Be Rich Enough To Buy the Boomers’ Millions of Unaffordable Bungalows?

Absent demand from tens of millions of wealthy, high-income buyers, asset valuations will fall as Boomers sell off assets to fund their retirement.

There’s a peculiarly flawed logic behind the widely held view that the Baby Boomers will seamlessly transfer tens of trillions of dollars of their wealth to the Gen-X and Millennial generations as they exit stage left. This is flawed for a very basic reason: the extremely overvalued assets that will be transferred–real estate and stocks–only reached ...

‘The Train Has Left the Station and No One Can Stop It’

These are the words of Serbia’s President Aleksander Vucic. He ought to know. He is in the middle of it. He thinks Europe will be at war with Russia in “not more than three or four months,” if that long.

President Vucic says “no one is attempting to stop the war. Nobody is speaking about peace. Peace is almost a forbidden word.”

Hungarian leader Viktor Orban has a similar view as does Slovakian president Robert Fico, who survived a recent assassination attempt.

In Western Europe, UK, and Washing...

Biden’s Ceasefire Fiasco

Biden: Israel is offering a ceasefire.
Israel: We’re not.
Biden: I negotiated this ceasefire
Israel: There’s no ceasefire agreement.
Biden: The ceasefire will begin soon.
Israel: It won’t.
Rinse and repeat. @Pimso B

The Biden administration’s ceasefire resolution is a cynical fraud aimed at airbrushing Israel’s tattered image while laying the groundwork for the final expulsion of the Palestinian people. In truth, there won’t be a ceasefire because Netanyahu and his entire cabinet are adamantly ...

A Neglected Gem in the Traditional Roman Missal: The Eucharistic Heart of Jesus

If you have ever shown up early to church and found yourself quietly paging through your hand missal—let’s say, a Saint Andrew Daily Missal reprint from 1945—you might have stumbled across a section of Mass formularies that may be unfamiliar owing to the rarity of their use.

Some of these will be identified as Votive Masses, like the Mass of the Passion of Our Lord, Mass for the Removal of Schism, Mass for the Forgiveness of Sins, or Mass for a Happy Death. How I wish our priests would use these...

Interest Rates, Inflation, and Gold

It’s now increasingly assumed that the US economy is not performing as well as the statistics suggest, and that the Fed must cut interest rates and keep on cutting. The assumption is based on a mixture of Keynesian hope and market experience of the last three or four decades, which cover the work-experience of today’s investment managers. Last week I quoted from an article by Ambrose Evans-Pritchard in The Daily Telegraph of 5 June, who wrote that “Citigroup says that the Fed will have to cut in...

Government Potential Is Disastrous if Martial Law Is Activated

In these uncertain times, when the world seems to go mad, you can’t help but wonder how long until we will experience a martial law scenario.

One day we might have to live under such a scenario since it seems there are many SHTF events that would impose it. The current pandemic is just an example, and personally, I believe we were lucky so far that things didn’t lead to further chaos and social upheaval.

The United States has a certain history when it comes to martial law, and like many other na...