Llewellyn H. Rockwell Jr.'s Blog, page 57

Tariffs Destroy Consumer Choice

Retail sales were down for May with the AP reporting, “The figure was pulled down by a steep drop in auto sales, after Americans ramped up their car-buying in March to get ahead of Trump’s 25% duty on imported cars and car parts. Excluding autos, sales fell 0.3% in May.”

This is no surprise to my wife. In a recent visit to her favorite luxury import car dealer, she was told, “Germany hasn’t sent us any cars in six months. We have no inventory.” Expecting sympathy from her MAGA-inclined girlfrien...

Illiquid, Overvalued

As “dip buyers” get eviscerated, more dominos fall, and at a tipping point, the herd realizes the tide has reversed and it’s time to sell–but alas, it’s too late.

Illiquid, Overvalued describes a great many assets that are on the books as “rock-solid investments.” Illiquidity means there are few if any buyers for the asset being offered for sale, and this can arise from various conditions.

1. Credit is tight and expensive, limiting the pool of potential buyers to those with cash.

2. Nobody wants...

‘The Land of Performance’: Trump Wanted a Perfect War, a Headline Showstopper

“Depending on who you ask, the US bombing of Iran’s nuclear facilities in Fordow, Natanz and Isfahan was either a smashing success that severely crippled Tehran’s nuclear programme, or a flashy show whose results were less than advertised … In the grand scheme of things, all of this is just drama”.

The big issue – second only to ‘what next in Iran’ and how they might respond — says Michael Wolff (who has written four books on Trump), is “how the MAGA is going to respond”:

“And I think he [Trump]...

War Is a Certainty

Recently, an associate offered the following observation with regard to the likelihood of war in the immediate future:

“The big guys like to play chess with the world. It’s the biggest game. The bankers need ups and downs and wars to make money. The military needs wars to exist. The politicians need both to exist.”

Whilst he was reiterating a concept we have discussed on many occasions, it occurred to me that I have never seen the subject defined so succinctly, nor so informatively.

Let’s break ...

Today’s Technology: The Gateway to Psychotronic Weapons and the Reprogramming of Humanity

Humanity is facing a challenging turning point ahead as the new global system readies to reset the worlds’ governments by the year 2030. This is the United Nation’s sinister Sustainable Development scheme which will completely restructure society and laws and pulverize the free will of every human being. These freedom-stealing sustainable development goals have already been adopted into American society, and yet, the majority of citizens respond to this infringement of their rights with a passiv...

A Stopover in the Heartland

I left my California idyll, and soared into milky, hazy US skies.

I touched down to change planes in Minneapolis, which I recalled as having been the corn-fed, friendly Midwest.

I saw that now, almost everyone employed by the airlines, as well as everyone working as ground crew, was of Somali descent, or were recent arrivals from Somalia.

They spoke Arabic or Somali to one another, not even bothering with English; passengers and colleagues alike were greeted with a hand to the heart. The flight ...

Elon Musk, Just Deliver Constitution Support and Ballot

Voters have always supported the politicians who they have recognized are offering the most freedom.

George Washington’s Federalist Party offered the force to keep the British government away. Thomas Jefferson’s Republican Party offered continuing independence but also more freedom than the war-supporting Federalists. Andrew Jackson’s and Martin Van Buren’s Democratic Party offered smaller governments, no central banking, and no debt. Abraham Lincoln’s Republican Party offered freedom from slave...

Former Advisor to Zelensky Office Admits Russia Could ‘Crush Ukraine’

Few (if any) people who served in the Kiev regime are as controversial as Oleksiy Arestovych (or Alexey Arestovich, depending on his rather unstable mood). He served as an advisor to the Neo-Nazi junta frontman Volodymyr Zelensky for around three years and became quite notorious due to his extremely inconsistent and rather “colorful” statements (euphemistically speaking). Arestovich is known (or should we say, infamous) for his highly charged rhetoric, ranging from outright deranged and extremis...

Trump Caves Again Over Tariffs – Uncertainty Increases

On April 2 U.S. President Donald Trump declared a ‘Liberation Day’ by introducing tariffs on nearly all imports to the United States.

I adred to predict:

The ‘invisible hand’ of the markets will respond to Trump’s moves by showing him a very visible finger.

The following days confirmed my take.

The tariff rates Trump announced were basically picked from hot air. The whole idea behind them were based on the weird theories of Steve Miran, the Chairman of Trump’s President Council of Economic Advis...

Smoking-Gun Circumstantial Evidence in the JFK Assassination

Those who have claimed that there is no smoking-gun evidence in the CIA’s long-secret records relating to the JFK assassination can no longer make that claim. That’s because the CIA was just forced to release its records relating to CIA official George Joannides. For more than 60 years, the CIA, with the help of deferential U.S. federal courts, had succeeded in keeping its Joannides files secret. Until now.

No, I’m not referring to some videotaped confession by former CIA head Allen Dulles or an...