Aggregatore di feed

Jesse Trentadue wrote:

Headline USA

The post Latest on fight with FBI. appeared first on LewRockwell.

Writes Ginny Garner:

Lew,

President Trump signed an Executive Order ostensibly to restore election integrity that includes many positive changes to or repeals of policies implemented by Democrats using Covid as an excuse, but it still allows the use of electronic voting machines and does not require hand counting paper ballots. Link: 

https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-protects-the-integrity-of-american-elections/

Electronic machines have been proven to be susceptible to fraud through programming the code in advance to favor specific candidates (and some states do not allow audits of the code) as shown in Bev Harris’ documentary Hacking Democracy. Also, the USB modem inserted after the ballots are counted transmit and receive data in an insecure manner. The White House Secretary posted on X a survey asking whether respondents wanted election changes that included hand counting the paper ballots. This falsely gave the impression that the EO required a hand count. Link: 

https://x.com/WHLeavitt/status/1904305723695038779

This was a victory for Mike Lindell who heroically led the effort to mobilize Americans in all 50 states to become activists on election integrity through Cause of America, the Election Bureau and Steve Stern’s Precinct Strategy to drive changes at the local and state levels. Lindell acknowledged his objective to get rid of election machines and melt them down into prison bars was not successful in terms of inclusion in the EO but it was 70% of what he had hoped for and noted Trump promises additional action. His reaction to the EO is here:

https://rumble.com/v6r78pg-state-attorney-generals-will-be-the-assassins-mike-lindell-on-lawfare-from-.html?e9s=src_v1_ucp

The post Trump’s Election Integrity EO Still Allows Electronic Voting Machines appeared first on LewRockwell.

Tim McGraw wrote:

Start the video at 1:16:00. The US Government has been using biological weapons against its enemies for centuries. The CIA and other government agencies use drugs, germs, pathogens, chemicals, and parasites to attack the people and crops of other countries, as well as the people and food supply in the USA. Geoengineering (weather manipulation) is another way the US government attacks people worldwide.

The post The US Government’s Use of Bio Weapons: Video appeared first on LewRockwell.

Click Here:

Ben Bartee

The post Interview With Fellow Thailand Expat and Dissident Nick Creed Ben Bartee appeared first on LewRockwell.

Thanks,  Gail Appel,

Dumisani Washington

The post The Fall Of Europe appeared first on LewRockwell.

Thanks, Gail Appel.

Matt Goodwin

The post Aniston appeared first on LewRockwell.

Thanks,  John Smith. 

The post “What Palestinians in Gaza say about Israel’s ‘Migration Directorate’ appeared first on LewRockwell.

Thanks, John Frahm.

Activist Post

The post The Fed’s Backdoor QE appeared first on LewRockwell.

Thanks, Gail Appel.

See here.

The post Joe Rogan Refuses To Enter Canada Over What He Calls A ‘Terrible’ Government appeared first on LewRockwell.

Thanks, Ginny Garner.

Infowars

The post DC Rally in April Urging Trump to Address Child Trafficking Issue Caused By CPS appeared first on LewRockwell.

Ginny Garner wrote:

Lew,

Catholic Sen. Eric Schmitt (R-MO), chairman of the Senate Judiciary Subcommittee on the Constitution, exposed the censorship industrial complex constructed under the Biden regime. This complex is comprised of federal bureaucrats, academics, Big Tech, journalists, universities, activists and NGOs. I did not watch the entire hearing but am hoping President Trump’s deportation campaign against those guilty of “antisemitic speech” was discussed

See here.

The post Catholic Senator Chairs Hearing Against Censorship Industrial Complex appeared first on LewRockwell.

Two Excellent Cinema Classics Which Explore Poet Rudyard Kipling’s Relationship with British Imperialism and Freemasonry. The Films are Based on Famous Works by Kipling and Feature Actors Portraying Him.

The Man Who Would be King
https://m.ok.ru/video/1104943647412
The Man Who Would Be King (1975) Sean Connery, Michael Caine, Christopher Plummer

The film’s director John Huston was the son of actor Walter Huston who portrayed arch-imperialist Cecil Rhodes in the 1936 epic Rhodes of Africa.

Kipling, known as the “Poet of the Empire,” was a close admirer and friend of Cecil Rhodes, a prominent figure in the British Empire and founder of the Rhodes Trust and the Rhodes Scholarship. Both were noted Freemasons. Kipling served as a Trustee of the Rhodes Trust.

Two British former soldiers decide to set themselves up as kings in Kafiristan, a land where no white man has set foot since Alexander the Great.

Gunga Din
https://tubitv.com/movies/100021232/gunga-din
Starring: Cary Grant, Victor McLaglen, Douglas Fairbanks Jr,.Sam Jaffe, Eduardo Ciannelli, and Joan Fontaine

Helped by their valiant water carrier, three British soldiers face off against a Thuggee religious cult on a dangerous mission in 1880s India.

Builders of Empire: Freemasons and British Imperialism, 1717-1927, by Jessica L. Harland-Jacobs

They built some of the first communal structures on the empire’s frontiers. The empire’s most powerful proconsuls sought entrance into their lodges. Their public rituals drew dense crowds from Montreal to Madras. The Ancient Free and Accepted Masons were quintessential builders of empire, argues Jessica Harland-Jacobs. In this first study of the relationship between Freemasonry and British imperialism, Harland-Jacobs takes readers on a journey across two centuries and five continents, demonstrating that from the moment it left Britain’s shores, Freemasonry proved central to the building and cohesion of the British Empire.

The organization formally emerged in 1717 as a fraternity identified with the ideals of Enlightenment cosmopolitanism, such as universal brotherhood, sociability, tolerance, and benevolence. As Freemasonry spread to Europe, the Americas, Asia, Australasia, and Africa, the group’s claims of cosmopolitan brotherhood were put to the test. Harland-Jacobs examines the brotherhood’s role in diverse colonial settings and the impact of the empire on the brotherhood; in the process, she addresses issues of globalization, supranational identities, imperial power, fraternalism, and masculinity. By tracking an important, identifiable institution across the wide chronological and geographical expanse of the British Empire, Builders of Empire makes a significant contribution to transnational history as well as the history of the Freemasons and imperial Britain.

The post Kipling At The Movies appeared first on LewRockwell.

Thanks, David Martin.

This is the Mr Rogers video we just played. Hilarious! https://t.co/IJR7V8g4AR

— Gary McNamara (@garyredeye1) March 27, 2025

The post Mr. Rogers: “Boys Are Boys” appeared first on LewRockwell.

Click Here:

Ben Bartee

The post Bioterror Roundup: The Chicken Slaughterings Will Continue Until Morale Improves appeared first on LewRockwell.

Writes Jerome Barber:

Writes 6She has the number of Dark MAGA, Curtis Yarvin and the Dark Enlightenment, JD Vance, Peter Thiel, Elon Musk – and their collective plans to end democracy and install a Monarch/CEO. Sounds like a revolution, no?

See here.

The post Listen to Sarah appeared first on LewRockwell.

The post Arrested And Deported For Exercising First Amendment Rights? appeared first on LewRockwell.

Thanks, W. T. White.

The post Ask a Tree appeared first on LewRockwell.

The history of the welfare state is the history of the state’s savage war of aggrandizement and seizure of authority against civil society.

Whether in Germany, in the United Kingdom, in Australia, in Canada, in Scandinavia, or in the United States, the coercive state systematically destroyed the “voluntary sector” of civil society and those intermediary institutions that protected the individual from the direct contact and control by the state [much as the Church did for nearly all of the previous two millennia].

Within the short space of two or three decades the protective sphere covered by workingmen’s social and other fraternal duties had been stripped to nothing more than drinking associations, with all other matters taken over by the state apparatus. Henceforth, the workingman and much of the middle class reported directly to the bureaucracy of the state’s intrusive regime.

Everything they did was in some way or another regulated, regimented and overseen by the state.

The dire effects of this calculated collectivism was malevolence not benevolence, aggression not altruism, genocide not generosity. Highly recommended as a beginning scholarly examination of this topic is the online Mises Institute article by economist/historian Murray N. Rothbard, Origins of the Welfare State in America.

1. The Origin of the Welfare State in England and Germany, 1850-1914: Social Policies Compared, by E. P. Hennock

Hennock examines the array of independent and only loosely connected Friendly Society health and unemployment [social insurance] regime throughout Britain & Wales. He sees that this motley ‘organization’ of free & voluntary organizations that dealt amazingly well with the delivery of social, medical, or burial services should have been ‘rationalized,’ centralized, & brought under state control.

2. British Social Reform and German Precedents: The Case of Social Insurance 1880-1914, by E. P. Hennock

The title pretty much sums up the contents of this very informative and useful study. The flow of ideas and policies from Germany to England are as important as the slightly later flow of those ideas and policies (as modified by the Brits) from the UK to America. This book also serves, in part, as a foundation and as an introduction to Hennock’s later book, above.

3. No Wealth but Life: Welfare Economics and the Welfare State in Britain, 1880-1945, by Roger E. Backhouse

This is an extraordinary collection; all of the essays are extremely good and helpful towards understanding the first principles and the initial foundation of the welfare state in the UK.

4. Citizen, State, and Social Welfare in Britain 1830-1990, by Geoffrey B. A. M. Finlayson

The state in the UK systematically destroyed the ‘voluntary sector’ and the intermediary institutions that protected the individual from the direct contact and control by the state. Within two or three decades the sphere covered by workingmen’ social and other fraternal duties had been stripped to nothing more than drinking associations.

5. The British Political Tradition: The Rise of Collectivism, by W. H. Greenleaf

This volume establishes the central theme that the most important feature of British political life since the nineteenth century has been the extension of the role of government at all levels. Part of an outstanding three part series.

6. The Oxford Handbook of the Welfare State (Oxford Handbooks), by Francis G. Castles

Described as the authoritative and definitive guide to the contemporary welfare state, consisting of nearly fifty newly-written chapters, a broad range of the world’s leading scholars offer a comprehensive account of the modern welfare state. Divided into eight sections, it opens with three chapters that evaluate the philosophical case for (and against) the welfare state.

7. The Welfare State Reader, by Christopher Pierson

The Welfare State Reader has rapidly established itself as a vital source of outstanding original research.

8. The Servile State, by Hilaire Belloc

Belloc famously predicted the rise of the ‘Servile State,’ along the lines adopted by Parliament as the Welfare State.

9. Atlantic Crossings: Social Politics in a Progressive Age, by Daniel T. Rodgers

While this is a sweeping and substantial study of how the ideas that ultimately created the social welfare state were transferred back and forth between England and the United States, it is an ultimately flawed analysis.

10. Before Beveridge – Welfare Before the Welfare State, (Choice in Welfare 47) by David A. Green

These are three works by David A. Greene (items #10, 11 and 12) which must read together in order to get a properly balanced account of the heyday of the mutual society system of social and medical insurance on the one hand, and on the other hand, the complete strangulation of civil society by the British state.

11. Reinventing Civil Society: Rediscovery of Welfare without Politics (Choice in Welfare), by David G. Green 12. Mutual Aid or Welfare State?: Australia’s Friendly Societies, by David G. Green 13. From Mutual Aid to the Welfare State: Fraternal Societies and Social Services, 1890-1967, by David T. Beito

Just as David Green’s studies above are mainly about the UK, Beito’s study is about the similar story in America. This is a deep and meticulous scholarly study of America’s mutual aid societies and all of the social insurance sorts of personal distresses and misfortunes that often afflicted the workingman and the middle classes [i.e., civil society].

14. Imperialism and social reform: English social-imperial thought 1895-1914, by Bernard Semmel (Studies in society [5]), by Bernard Semmel

The spawning of the welfare state and the warfare state went hand in hand. In particular note the pivotal role of the Fabian Society and race imperialist Viscount Alfred Milner, the force behind Cecil Rhodes’s Round Table movement to consolidate the British Empire (see Carroll Quigley’s Tragedy and Hope, and The Anglo-American Establishment: From Rhodes to Cliveden).

15. Fabianism and the Empire A Manifesto by the Fabian Society, by Bernard Shaw

Fabian socialists such as George Bernard Shaw supported both the welfare and warfare state as essential to the survival of the British Empire. It was called “Social Imperialism. Shaw was a prominent eugenicist and imperialist.

16. The British Socialist Ill-Fare State; an Examination of Its Political, Social, Moral, and Economic Consequences, by Cecil Palmer

Palmer details how the Fabian-led British socialists of the Labor Party were destroying Great Britain.

17. The Higher Circles, by G. William Domhoff

Domhoff details the origins of the welfare-warfare state from Otto von Bismarck to Richard T. Ely to Franklin Delano Roosevelt.

18. Crisis and Leviathan: Critical Episodes in the Growth of American Government, by Robert Higgs

Higgs charts the accelerated growth and development of the welfare-warfare state in war and peace during the 20th century.

19. Losing Ground: American Social Policy, 1950-1980, 10th Anniversary Edition by Charles A Murray

Murray relentlessly destroys the empirical and ideological basis of the modern welfare state

20. The Welfare State We’re in, by James Bartholomew

This is by far the best book on England’s welfare state. It describes how the welfare system operates, day to day, how it punishes both the young and the elderly just for trying to get ahead, or just trying to keep one’s head above water.

21. Welfare As We Knew It: A Political History of the American Welfare State, by Charles Noble

22. Is the Welfare State Justified? by Daniel Shapiro

In this book, Daniel Shapiro argues that the dominant positions in contemporary political philosophy – egalitarianism, positive rights theory, communitarianism, and many forms of liberalism – should converge in a rejection of central welfare state institutions.

23. Tethered Citizens: Time to Repeal the Welfare State, by Sheldon Richman

Richman further details the origins of the welfare state in Bismarck’s Prussia and antebellum Civil War pensions in America.

24. A Life of One’s Own: Individual Rights and the Welfare State, by David Kelley

The welfare state rests on the assumption that people have rights to food, shelter, health care, retirement income, and other goods provided by the government. Kelley examines the historical origins of that assumption, and the rationale used to support it today.

25. From Poor Law to Welfare State, 6th Edition: A History of Social Welfare in America, by Walter I. Trattner

26. From Warfare State to Welfare State: World War I, Compensatory State Building, and the Limits of the Modern Order, by Marc Allen Eisner

Eisner further outlines the tremendous impact and rationale World War I ‘war collectivism’ played in ushering in FDR’s New Deal welfare state. (see Murray N. Rothbard’s two pivotal essays, ‘War Collectivism in World War I,’ and ‘World War I as Fulfillment: Power and the Intellectuals.’ Both available online.)

27. Life at the Bottom: The Worldview That Makes the Underclass, by Theodore Dalrymple

Dalrymple’s key insight in Life at the Bottom is that long-term poverty is caused not by economics but by a dysfunctional set of values, one that is continually reinforced by an elite culture searching for victims. This culture persuades those at the bottom that they have no responsibility for their actions and are not the molders of their own lives.

28. Regulating the Poor: The Functions of Public Welfare, by Frances Fox Piven

Marshaling a vast array of research, Piven and Cloward persuasively demonstrate how public relief has been used to avert civil chaos during economic downturns and to exert pressure on the work force during periods of stability.

29. Liberal Fascism: The Secret History of the American Left, From Mussolini to the Politics of Meaning, by Jonah Goldberg

Critics such as David Gordon have pointed out its factual flaws in interpretation but Goldberg gets 90% of it brilliantly correct. Not a scholarly treatise but a fast-paced polemic showing the common ideological roots of American progressivism and European fascism, a legacy continuing with today’s welfare-warfare state.

30. As We Go Marching, by John T. Flynn

Flynn’s brilliant expose of the fascist origins of FDR’s New Deal, and its close ideological relationship to Mussolini’s and Hitler’s regimes.

31. Three New Deals: Reflections on Roosevelt’s America, Mussolini’s Italy, and Hitler’s Germany, 1933-1939, by Wolfgang Schivelbusch

Schivelbusch dares compare the collectivist ideology and pragmatic public policy applications of Roosevelt’s New Deal, Mussolini’s Corporate State, and Hitler’s National Socialist Third Reich. Excellent companion volume to Flynn’s As We Go Marching above.

32. Hitler’s Beneficiaries: Plunder, Racial War, and the Nazi Welfare State, by Götz Aly

In this groundbreaking book, historian Götz Aly addresses one of modern history’s greatest conundrums: How did Hitler win the allegiance of ordinary Germans? The answer is as shocking as it is persuasive: by engaging in a campaign of theft on an almost unimaginable scale – and by channeling the proceeds into generous social programs – Hitler literally ‘bought’ his people’s consent.

33. The Third Reich: A New History, by Michael Burleigh

Excellent in documenting the social welfare component of National Socialist Germany under Hitler.

34. The New Totalitarians, by Roland Huntford

Huntsford dissects the fascist model of the social welfare state of Sweden.

35. War Against the Weak: Eugenics and America’s Campaign to Create a Master Race, Expanded Edition, by Edwin Black

Eugenics was not new in the Progressive Era, but acquired impetus with the advent of a more expansive government. Expansion of state coercion meant that it became possible to have not only eugenic thought, but also eugenic practice. Millions of ‘the unfit’ were targeted for sterilization and elimination. Weimar and National Socialist Germany looked to the US as a model.

36. Ex America: The 50th Anniversary of the People’s Pottage, by Garet Garrett

Garrett’s classic expose’ of the destructive nature of the welfare-warfare state under presidents Franklin Roosevelt and Harry Truman.

37. The Road to Serfdom: Text and Documents – The Definitive Edition (The Collected Works of F. A. Hayek, Volume 2), by F. A. Hayek

Originally published in 1944, this book was seen as heretical for its passionate warning against the dangers of state control over the means of production. For Hayek, the collectivist idea of empowering government with increasing economic control would lead not to a utopia but to the horrors of Nazi Germany and Fascist Italy.

38. The Great Deformation: The Corruption of Capitalism in America, by David A. Stockman

A searing look at Washington’s craven response to the recent myriad of financial crises and fiscal cliffs. It counters conventional wisdom with an eighty-year revisionist history of how the American state – especially the Federal Reserve – has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts.

39. Rollback: Repealing Big Government Before the Coming Fiscal Collapse, by Thomas E. Woods

America is on the brink of financial collapse. Decades of political overpromising and underfunding have created a wave of debt that could swamp our already feeble economy. And the politicians’ favorite tricks – raising taxes, borrowing from foreign governments, and printing more money – will only make it worse. Only one thing might save us: Roll back the government.

40. The Progressive Era, by Murray N. Rothbard

And I saved the best authoritative book for last.

“Rothbard’s posthumous masterpiece is the definitive book on the Progressives. It will soon be the must read study of this dreadful time in our past.”— From the Foreword by Judge Andrew P. Napolitano, “The current relationship between the modern state and the economy has its roots in the Progressive Era.”— From the Introduction by Patrick Newman. “Progressivism brought the triumph of institutionalized racism, the disfranchising of blacks in the South, the cutting off of immigration, the building up of trade unions by the federal government into a tripartite big government, big business, big unions alliance, the glorifying of military virtues and conscription, and a drive for American expansion abroad. In short, the Progressive Era ushered the modern American politico-economic system into being.”— From the Preface by Murray N. Rothbard.

The post The History of the Welfare State is the History of the State’s Savage War of Aggrandizement and Seizure of Authority Against Civil Society appeared first on LewRockwell.

Tucker Carlson

@TuckerCarlson
Obituary for my father.

Richard Warner Carlson died at 84 on March 24, 2025 at home in Boca Grande, Florida after six weeks of illness. He refused all painkillers to the end and left this world with dignity and clarity, holding the hands of his children with his dogs at his feet.

He was born February 10, 1941 at Massachusetts General Hospital to a 15-year-old Swedish-speaking girl and placed in the Home for Little Wanderers in Boston, where he developed rickets from malnutrition. His legs were bent for the rest of his life. After years in foster homes, he was placed with the Carlson family in Norwood, Mass. His adoptive father, a tannery manager, died when he was 12 and he stopped attending school regularly. At 17, he was jailed for car theft, thrown out of high school for the second time, and enlisted in the U.S. Marine Corps.

In 1962, in search of adventure, he drove to California. He spent a year as a merchant seaman on the SS Washington Bear, transporting cargo to ports in the Orient, and then became a reporter. Over the next decade, he was a copy boy at the LA Times, a wire service reporter for UPI and an investigative reporter and anchor for ABC News, covering the upheaval of the period. He knew virtually every compelling figure of the time, including Jim Jones, Patty Hearst, Eric Hoffer, Jerry Garcia, as well as Mafia leaders and members of the Manson Family. In 1965, he was badly injured reporting from the Watts riots in Los Angeles.

By 1975, he was married with two small boys, when his wife departed for Europe and didn’t return. He threw himself into raising his boys, whom he often brought with him on reporting trips. At home, he educated them during three-hour dinners on topics that ranged from the French Revolution to Bolshevik Russia, PG Wodehouse, the history of the American Indian and, always, the eternal and unchanging nature of people. He was a free thinker and a compulsive book reader, including at red lights. He left a library of thousands of books, most dog-eared and filled with marginalia. His reading and life experiences convinced him that God is real. He had an outlaw spirit tempered by decency.

In 1979, he married the love of his life, Patricia Swanson. They were together for 44 years, all of them happy. She died sixteen months before he did and he mourned her every day.

In 1985, he moved to Washington to work for the Reagan Administration. He spent five years as the director of the Voice of America, and then moved to the Seychelles as the US ambassador. In 1992, he became the CEO of the Corporation for Public Broadcasting, and later ran a division of King World television.

The last 25 years of his life were spent in work whose details were never completely clear to his family, but that was clearly interesting. He worked in dozens of countries and breakaway republics around the world, and was involved in countless intrigues. He knew a number of colorful national leaders, including Rafic Hariri of Lebanon, Aslan Abashidze of Adjara, Mobutu Sese Seko of Zaire, and whomever runs Somaliland. He was a fundamentally nonjudgmental person who was impossible to shock, and he described them all with amused affection.

He spoke to his sons every day and had lunch with them once a week for thirty years at the Metropolitan Club in Washington, always prefaced by a dice game. Throughout his life he fervently loved dogs.

Richard W. Carlson is survived by his sons, Tucker and Buckley, his beloved daughter-in-law Susie, and five grandchildren. He was the toughest human being anyone in his family ever knew, and also the kindest and most loyal. RIP.

America’s Untold Stories – Who is Dick Carlson?

The post Richard Carlson, RIP appeared first on LewRockwell.

____________________________________________________________________________________

di Alex J. Pollock

(Versione audio della traduzione disponibile qui: https://open.substack.com/pub/fsimoncelli/p/la-strada-dorata-per-uscire-dalla)

Il valore di un dollaro è sceso a un nuovo minimo, meno di 1/3.000 di oncia d'oro. Ciononostante, secondo una legge americana ormai superata, il governo federale deve rendere conto delle sue oltre 8.100 tonnellate d'oro a una valutazione completamente irrilevante stabilita più di 50 anni fa, quando il valore del dollaro era molto più alto, circa 1/42 di oncia.

Quel numero obsoleto deriva dal linguaggio preciso nella Legge del 1973 che andava a modificare il “Par Value Modification Act”, ancora in vigore, la quale stabilisce che il valore in oro del dollaro è fissato a “quarantadue e due noni di dollari per oncia troy”. In altre parole, quella legge valuta il dollaro a 1/42,22 di oncia d'oro.

Eppure, nel mercato dell'oro, il dollaro sta fruttando meno di un 3.000esimo di oncia, un altro modo per dire che l'oro viene scambiato a più di $3.000 l'oncia, circa 71 volte il prezzo legale. In altre parole, il prezzo legale è inferiore al 2% del prezzo di mercato. Come riesce a sopravvivere questo antico manufatto giurisprudenziale?

Qualunque cosa fosse accaduta nel 1973, quando il Congresso ridusse il valore legale del dollaro da 1/38 di oncia d'oro a 1/42,22 di oncia, per noi nel 2025, dopo un ulteriore mezzo secolo di deprezzamento della cartamoneta americana, il prezzo legale non ha alcun senso.

Deriva da una legge approvata 52 anni fa in un mondo diverso della finanza politica. Perché non è stata aggiornata con una relazione più realistica tra oro e dollaro?

Il valore dell'oro in termini di dollari, essendo sceso a un 3.000esimo di oncia da un 42,22esimo di oncia, è aumentato di circa il 7.000% rispetto al prezzo legale. Ciò significa che in termini di oro, il valore del dollaro è crollato di oltre il 98%.

In termini contabili, questo significa che il Dipartimento del Tesoro possiede ciò che equivale a un guadagno di capitale gigantesco sull'oro in suo possesso. Sebbene tale guadagno non sia riconosciuto nei libri contabili del governo federale, è già avvenuto ed è già reale.

A un prezzo di mercato di $3.000 l'oncia, questo guadagno in conto capitale, in cifre tonde, ammonta a $2.958 l'oncia sui 261,5 milioni di once d'oro del Dipartimento del Tesoro. Ciò si traduce, almeno teoricamente, in un profitto totale non realizzato di circa $773 miliardi. È una cifra abbastanza grande da catturare l'attenzione di chiunque e da far riflettere qualsiasi Segretario del Tesoro.

Quando il Segretario del Tesoro Bessent ha affermato: “Monetizzeremo il lato attivo del bilancio degli Stati Uniti per il popolo americano”, molti commentatori finanziari hanno immediatamente pensato all'oro del Dipartimento del Tesoro e a come potrebbe essere trasformato in un grande guadagno e denaro spendibile. Certamente può essere fatto, ma in ogni caso non fino a quando il Congresso non modificherà il valore ufficiale del dollaro stabilito da quella Legge del 1973.

Le possibilità sono importanti per la teoria e la pratica in ambito monetario, perché reintrodurrebbero un certo ruolo monetario per l'oro mezzo secolo dopo che l'America aveva condotto il mondo nel suo attuale sistema monetario puramente cartaceo dopo i fatti del 1971. Fu allora che il presidente Nixon ordinò al Dipartimento del Tesoro di non rispettare l'impegno internazionale degli Stati Uniti di riscattare i dollari in oro.

Supponiamo che il Congresso riportasse il prezzo ufficiale dell'oro alla realtà. Il Dipartimento del Tesoro realizzerebbe immediatamente un guadagno di $773 miliardi nei libri contabili del governo federale. Per trasformare il guadagno in denaro non dovrebbe vendere oro, ma potrebbe indebitarsi avendolo come garanzia.

Ad esempio, il Dipartimento del Tesoro potrebbe emettere obbligazioni auree, come ha già fatto in precedenza e come Judy Shelton, nel suo libro “Good as Gold,” ha suggerito di fare di nuovo.

Con un ritorno alla pratica storica, il Dipartimento del Tesoro potrebbe emettere valuta coperta dall'oro in concorrenza con le banconote della Federal Reserve. Ciò richiederebbe un'ulteriore legislazione controversa.

Molto più semplice e diretto sarebbe per il Dipartimento del Tesoro emettere Certificati aurei, già autorizzati dal Gold Reserve Act del 1934, ma ora basati sul valore corrente dell'oro in suo possesso. Il profitto sull'oro potrebbe quindi essere facilmente monetizzato depositando questi Certificati nella Federal Reserve, che accrediterebbe di conseguenza il conto deposito del Dipartimento del Tesoro presso di essa. Voilà! Soldi pronti da spendere senza emettere altri titoli del Tesoro.

Come abbiamo già sottolineato Paul Kupiec e io, questo sarebbe un modo efficiente per creare finanziamenti provvisori per eventuali future crisi del tetto del debito.

Dovremmo certamente portare le finanze degli Stati Uniti al passo con la realtà: aumento del valore dell'oro rispetto al dollaro e calo del valore del dollaro rispetto all'oro. Allo stesso tempo, potremmo aprire la nostra teoria e pratica monetaria a un rinnovato ruolo monetario per l'oro.

Per fare ciò, il Congresso potrebbe modificare immediatamente il “Par Value Modification Act” emanando un “Gold Value Modification Act del 2025” il quale elimini il precedente prezzo ufficiale di “quarantadue e due noni di dollari” e lo sostituisca con “il valore di mercato equo dell’oro certificato dal Segretario del Tesoro”.

[*] traduzione di Francesco Simoncelli: https://www.francescosimoncelli.com/

Supporta Francesco Simoncelli's Freedonia lasciando una “mancia” in satoshi di bitcoin scannerizzando il QR seguente.