The following are links to articles on the topics from our Saturday talk. As always, I encourage our listeners to read for themselves.
It is up to those who know and care to lead. As Thomas Paine said, “These are the times that try men’s souls.” Nothing is guaranteed us.
Paul Craig Roberts
Trump’s surrender to the neoconservatives makes it impossible for an informed person to support him. He has signed off on the coup against democracy in Venezuela, and he has placed all life at risk by pulling out of the INF treaty with Russia.
The US has repeatedly backed the uprising against the left-wing government, and last November Bolton made a keynote speech calling for the “crumbling” of what he called the “Troika of Tyranny” – Venezuela, Nicaragua, and Cuba – saying the states represented a “a sordid cradle of communism in the Western hemisphere.”
After he returned to prominence under George W. Bush in yet another chapter of an unsinkable career, Bolton failed to dislodge Venezuela’s Hugo Chavez, the Sandinistas, or Cuba’s Fidel Castro (at one point, he accused Havana of developing biological weapons, without solid evidence). But as a man who with permission from Donald Trump now seems to be steering US foreign policy on dozens of key issues, Bolton has more resources than ever before to settle his lifelong ideological grudges.
February 20, 2019 “Information Clearing House” – It may seem oxymoronic, but President Trump is living proof that lunatics can think big. Not content with “only” threatening regime change in Venezuela, the American leader is expanding his mission to rid the Western hemisphere of socialism, with Cuba and Nicaragua next in line for US “salvation”.
In a particularly unhinged speech last weekend in Miami, Florida, Trump declared Venezuelan President Nicolas Madura a “Cuban puppet” and “failed dictator”. Trump denounced socialism with a verve that has not been heard from a US president since the depth of the Cold War more than 30 years ago.
Elections provide the bread-and-circuses staged drama that is passed off as democracy.
A must watch video, or read, if you care about the Constitution.
Nightmare and insanity are akin: mysterious and involuntary states that skew and distort objective reality. One wakens from nightmare; from insanity there is no awakening.
Whether Americans live in the one state or the other is the paramount question of this era.
Will Nations act in their own best interests?
US demands China keep value of Yuan stable halt devaluations. According to sources close to the talks, the two sides are discussing how to codify language prohibiting currency manipulation in a memorandum of understanding that would form the outline of a deal.
Was the strong dollar policy used to suppress the price of gold?
Treasury Secretary Robert E. Rubin, taking a little air out of the rapidly rising dollar, suggested today that the Administration had ended its two-year-long effort to drive up the dollar against the world’s other major currencies.
US aid…is this for real? We couldn’t get aid to Puerto Rico, but to Venezuela no problem?
Trump plans to address the Venezuelan crisis during a gathering in Miami on Monday.
What can/should Americans do to right the wrongs?
The International Rogue Nation: America
In 2003, America (and its lap-dog UK) invaded and destroyed Iraq on the basis of lies to the effect that the U.S. (and UK) regime were certain that Saddam Hussein had and was developing weapons of mass destruction. These U.S. allegations were based on provable falsehoods when they were stated and published, but the regime’s ‘news’-media refused to publish and demonstrate (or “expose”) any of these lies. That’s how bad the regime was — it was virtually a total lock-down against truth, and for international conquest (in that case, of Iraq): it was mass-murder and destruction on the basis of sheer lies.
Debt? Who is the poster child for over spending?
Russia’s foreign exchange reserves can now cover all of the debt owed by both the government and domestic businesses, Russian President Vladimir Putin has announced.
Washington (AFP) – More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail against debt and deficits have remained mum.
The past five years have been baffling for gold bugs. In an environment of massive central bank money creation, rising government deficits and a populist takeover of many countries’ political systems – all of which should be great for safe haven assets – gold has spiked to around $1,350 four times, only to be smacked back down each time. Very demoralizing. And now it’s gearing up for another try.
If you’re looking to understand why Gold continues to rally, you don’t have to look any further than the political arena where more and more politicians are calling for wealth taxes and cash grabs. Gold ALSO knows that Central Banks are trapped… and will be forced to turn on the money printing presses shortly.
The silver market is seeing a turn in fortunes as demand for physical bullion picks up, with the U.S. Mint selling out of 2018 and 2019 American Eagle silver coins. The mint issued a statement late Thursday saying they had run out of last year’s and this year’s dated one-ounce coins. “Market fluctuations have resulted in a temporary sellout of 2018 and 2019 silver bullion. Production at the Mint’s West Point facility continues and when sales resume, silver bullion will be offered under allocation,” the mint said.
– Last week, the United States national debt ticked above US$22 trillion for the first time, an amount equivalent to $67,000 per U.S. citizen
– The U.S. federal government owes more money than any other institution in the history of human civilization and it’s just getting worse
Below, a few factoids about just how eye-wateringly, bone-chillingly large the U.S. debt has become
– The U.S. debt is now higher than the combined market value of the Fortune 500 and just with the money it spends on interest, the U.S. could run Canada or Mexico
– Debt from one Trump term could pay for another WWII and all the gold ever mined would only pay off the debt accumulated under Obama
– All the gold in the world mined since the dawn of time adds to about 190,040 tonnes or 6.7 billion ounces. At the current per-ounce price of about $1,300, the world’s goal hoard worth over $8.5 trillion would be not enough to pay off the U.S. debt accumulated between 2009 and 2016
Newmont Mining Corp. (NEM – Get Report) shares jumped higher Friday amid reports that rival Barrick Gold Corp (GOLD – Get Report) is prepping a hostile takeover bid that would value the mining group at around $19 billion.
Cold war 2/0 only this time we may not be the winner
In his first major public address since the US formally pulled out of the INF arms-control treaty, Russian President Vladimir Putin warned on Wednesday that Russia would point its new arsenal of hypersonic missiles – which can purportedly bypass NATO’s ABM systems – directly at the US if it dares to reintroduce ground-based intermediate-range missiles to Europe.
Though Russia won’t deploy weapons preemptively, Putin said that if the US does place weapons in Europe, Russia will deliver an “asymmetric” response and target not only the host countries of those weapons, but “decision-making center” in the US (presumably Washington).
The Russian Defense Ministry has released the first video ever showing an underwater ‘field-test’ of the Poseidon, a huge robotic nuclear-capable mini-submarine with a miniature nuclear reactor.
Weekly police state up date. Wake up, everyone is being spied on. And don’t tell me you have nothing to hide!
Google could face a backlash over privacy after admitting that Nest users were not told about the existence of a microphone on their devices.
In Arizona this week, a state legislator named David Livingston stirred a controversy about DNA that may be a portent of privacy nightmares to come. A law he proposed would have forced many residents to give samples of their DNA to a state database, to be stored with their name and Social Security number.
Markets HA HA L.O.L. !
The Fed responds to the market, and the market responds to the Fed, until both are so attuned to each other that neither does anything. Today’s much-anticipated release of minutes from the January Federal Open Market Committee meeting revealed that the Federal Reserve would do… nothing.
Needless to say, it is very troubling that Americans are unable to afford home purchases with the 30% mortgage at just 4.5%, and suggests that even if inflation picks up, the Fed may have no choice but to keep rates flat to avoid a housing market crash.
Make America great again!!! It’s a fairy tail.
India is not expected to announce the winning bid until after a national election in May. Lockheed offered to move its F-16 production plant in Fort Worth, Texas, to India, if it wins the contract in a boost to Prime Minister Narendra Modi’s “Made In India” strategy to expand its Air Force and defense sector industry.
5 G this week.
“Putting in tens of millions of 5G antennae without a single biological test of safety has got to be about the stupidest idea anyone has had in the history of the world.”