Llewellyn H. Rockwell Jr.'s Blog, page 399

Raw Milk at the Crossroads, Again

Few of us were born when the forces for milk pasteurization launched the first major attack on Nature’s perfect food. In 1945, a magazine called “Coronet” published an article, “Raw Milk Can Kill You,” blaming raw milk for an outbreak of brucellosis in a town called Crossroads, U.S.A., killing one-third of the inhabitants. The “Reader’s Digest” picked up the story and ran it a year later.

Just one problem with this piece of “reporting.” There was no town called Crossroads and no outbreak of bruc...

The West Has an Illiterate Financial Press

The entire the financial press has zero understanding of basic economics. The financial “journalists” just print press releases.

The US debt has never mattered, because the US dollar is the world reserve currency. That means US debt is the reserves of the world’s central banks. If US debt rises, so does the reserves of the world banking system. All central banks were delighted to accumulate more US Treasury debt as it meant the reserves of their banking system went up.

The Federal Reserve can al...

We Are All Zombies Now

The consequence is soaring, unproductive debt both in public and private sectors. In the past, debt levels have been low enough for central banks to force through further interest rate suppression to perpetuate malinvestments. That is no longer possible, with G7 government debt to GDP ratios commonly exceeding 100%. This article argues that interest rates will not fall materially, if at all, but will continue to rise.

Rising interest rates threaten to destroy the stagnating businesses which make...

Biden’s Handlers Impose Massive Destructive Tariffs

The Biden Handlers have imposed Tariffs on China:  semiconductors 50%, syringes 50%, lithium batteries 25%. Electric vehicles 100%.  Steel and Aluminum 25%.  The purpose is to destroy China’s economy.  The reason?  China continues trade with Russia. 

If Russia wins the war with Ukraine there are fallouts:  ego – front and center, the race to devalue the dollar will gain significant speed, America’s hegemony is built on wars.   Losing wars is typically a nonplus given the US funds both sides.  In...

Whistling Past the National Train Wreck

There are only so many ways one can say that America is collapsing. That the Fat Lady is nearing the end of her song. That we’re running on fumes. If Yogi Berra were around, he’d say it’s over. We had a good run, as far as civilizations go. We were the light of the world for a long time. Maybe even Reagan’s shining city upon a hill.

Yesterday, Jason Whitlock reported on one Dexter Taylor, a software engineer who was just convicted and sentenced to ten years for constructing his own guns without ...

California and New York Are Even Shaking Down Fleeing Residents

Those who have declared residency in another state cannot spend even a minute beyond the allowed time in either high tax New York or California. And, Big Brother is watching. George Orwell could not conjure up a more diabolical tale than the Bloomberg story penned by Laura Nahmias and Eliyahu Kamisher.

“The minute you file a partial return you’re going to hear from New York state,” said Jonathan Mariner, who created TaxDay, an app that tracks users’ locations so they don’t overstay the threshold...

Biden Lies Again on Inflation

This week on the Peter Schiff Show, Peter covers a week of dismal economic reports. Both jobless claims and consumer sentiment came in worse than expected last week, with both figures missing predictions by a wide margin. Peter also discusses public statements made by both Joe Biden and Donald Trump on the nature and origin of inflation.

The Fed faces a difficult choice. Does it prioritize fighting inflation or keep rates low for consumers?

“If Powell looks at these numbers and decides we need t...

The Truth About Ukraine

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State Intervention and Anarchy

In Against the State, Lew Rockwell emphasizes that the assault on our liberties from the state is not merely “the product of temporary malfunctions. To the contrary, the state is by nature evil.” Rockwell shows that the state is founded on coercion and maintains its power by use of force.

In recent years, following the rise of environmentalism, public health “safetyism,” and the war against “hate,” state interventions have encroached even further into private and family life. Against the State s...

America & West Move to Autocratic Party

“Everything for our homeland, everything for Saxony-Anhalt, everything for Germany.”  This phrase by a former history teacher turned member of the AfD Party in Germany found him in court being prosecuted for a hate crime.   Höcke, 52, is the leading candidate of the Thuringian AfD for the state elections at the beginning of September.  Constitutional Protection Agencies have described him as a right-wing extremist.   Sounds more like ‘election interference’.

Founded in 2013, the AfD Party wasn’t...