Skip to main content

Aggregatore di feed

In Desperate Need of a Crisis

Lew Rockwell Institute - Mar, 18/11/2025 - 20:40

Click here:

John Leake

 

The post In Desperate Need of a Crisis appeared first on LewRockwell.

America’s Untold Stories – JFK Files: The 14-Minute Gap They Don’t Want You to Hear

Lew Rockwell Institute - Mar, 18/11/2025 - 19:39

JFK Files: The 14-Minute Gap They Don’t Want You to Hear

Mark Groubert and Eric Hunley of America’s Untold Stories sit down with Rex Bradford, President of the Mary Ferrell Foundation and legendary JFK researcher, to explore one of the most chilling mysteries in Cold War history: The Fourteen Minute Gap.

What was erased?

Who was responsible?

And why has it taken decades—and lawsuits—to uncover the truth?

Rex has spent over 25 years scanning and analyzing declassified documents hidden from the American public. In this episode, he reveals how Cold War politics, CIA operations, and internal government deception collided in the aftermath of the JFK assassination.

The erased White House audio

The missing connections between the CIA, Oswald, and Cuba

The truth buried in Cold War cover-ups

What the Mary Ferrell Foundation uncovered after 1992’s JFK Records Act The deeper we dig, the darker it gets. *****************************************

Join us November 21st–23rd, 2025 in Dallas at JFK Lancer Conference (or Virtually) Tickets now available at https://assassinationconference.com/

Virtual tickets start at $75.99

In-person tickets start at $149.99 Discount Code: Use UNTOLD10 at checkout for 10% off

*****************************************

The post America’s Untold Stories – JFK Files: The 14-Minute Gap They Don’t Want You to Hear appeared first on LewRockwell.

The Intel Scandal Behind Prince Andrew’s Twisted Epstein Exploits

Lew Rockwell Institute - Mar, 18/11/2025 - 17:23

David Martin wrote:

The only man on the Epstein client list.  Really remarkable!

See here.

 

The post The Intel Scandal Behind Prince Andrew’s Twisted Epstein Exploits appeared first on LewRockwell.

Sulla strada verso un super stato: la Commissione europea aggira le norme sui finanziamenti

Freedonia - Mar, 18/11/2025 - 11:03

Ricordo a tutti i lettori che su Amazon potete acquistare il mio nuovo libro, “La rivoluzione di Satoshi”: https://www.amazon.it/dp/B0FYH656JK 

La traduzione in italiano dell'opera scritta da Wendy McElroy esplora Bitcoin a 360°, un compendio della sua storia fino ad adesso e la direzione che molto ptobabilmente prenderà la sua evoluzione nel futuro prossimo. Si parte dalla teoria, soprattutto quella libertaria e Austriaca, e si sonda come essa interagisce con la realtà. Niente utopie, solo la logica esposizione di una tecnologia che si sviluppa insieme alle azioni degli esseri umani. Per questo motivo vengono inserite nell'analisi diversi punti di vista: sociologico, economico, giudiziario, filosofico, politico, psicologico e altri. Una visione e trattazione di Bitcoin come non l'avete mai vista finora, per un asset che non solo promette di rinnovare l'ambito monetario ma che, soprattutto, apre alla possibilità concreta di avere, per la prima volta nella storia umana, una società profondamente e completamente modificabile dal basso verso l'alto.

____________________________________________________________________________________


di Thomas Kolbe

(Versione audio della traduzione disponibile qui: https://open.substack.com/pub/fsimoncelli/p/sulla-strada-verso-un-super-stato)

L'Unione Europea è finanziata dai contributi dei suoi stati membri, almeno questo è quanto stabilito dai trattati istitutivi. Nella pratica l'UE ha da tempo intrapreso altre strade.

Al centro dell'architettura finanziaria europea c'è una netta separazione tra responsabilità e obblighi: l'articolo 125 del Trattato sul funzionamento dell'Unione Europea (TFUE), la cosiddetta “clausola di non salvataggio”. Essa stabilisce, inequivocabilmente, che né l'Unione né i singoli stati membri possono accollarsi i debiti di altri stati. Lo scopo di questa disposizione è impedire effetti di free-rider (azzardo morale) a spese degli altri stati membri: ogni stato è responsabile dei propri oneri.

Tuttavia la clausola non esclude il sostegno politico, purché non implichi l'assunzione dei debiti preesistenti di altri stati. Un esempio significativo di questa pratica sono stati i programmi di salvataggio per la Grecia durante la crisi del debito sovrano di quindici anni fa.

L'articolo 310 del TFUE disciplina ulteriormente il bilancio dell'UE: entrate e spese devono essere in pareggio ogni anno e il bilancio può essere finanziato solo tramite risorse proprie, come i contributi degli stati membri, le tariffe doganali, o le entrate approvate. Sono vietati i prestiti indipendenti della Commissione europea che superino il quadro approvato.

Insieme queste regole costituiscono la spina dorsale giuridica della politica finanziaria dell'UE: nessuna responsabilità automatica, nessun debito autonomo dell'UE e solo spese completamente coperte.

Questa struttura è stata scelta deliberatamente per impedire l'emergere di un super stato a Bruxelles e per difendere il raggio d'azione nazionale degli stati membri dall'espansione della burocrazia di Bruxelles.


Teoria & pratica

Questa è la teoria. In pratica l'UE ha costantemente aumentato la sua presenza sul mercato obbligazionario. Tutto è iniziato nel 1976 con la prima obbligazione della Comunità Europea a sostegno di Italia e Irlanda durante la crisi petrolifera. Negli anni '80 e '90 sono seguite altre emissioni per Francia, Grecia e Portogallo, sempre volte a dimostrare solidarietà collettiva e ad allentare le tensioni fiscali.

La crisi finanziaria del 2008-2010 ha segnato una svolta decisiva: con il Meccanismo europeo di stabilizzazione finanziaria (MESF) e, nel 2012, con il Meccanismo europeo di stabilità (MES), l'UE ha iniziato a sostenere deliberatamente gli stati membri sovraindebitati attraverso l'emissione di obbligazioni. Nel 2010 la Banca centrale europea ha annunciato che avrebbe acquistato titoli di stato europei sul mercato aperto per impedire il collasso dell'unione monetaria, sempre in stretto coordinamento con le istituzioni dell'UE.

Gli anni del COVID hanno visto una nuova dimensione: per la prima volta l'UE ha emesso obbligazioni sociali nell'ambito del fondo “SURE”. Contemporaneamente è stato avviato il programma “Next Generation EU”, il quale ha fornito circa €800 miliardi in aiuti per la crisi. Dal 2025 l'Unione ha fatto sempre più affidamento sulle cosiddette “obbligazioni sostenibili” (obbligazioni verdi) e prevede di emettere buoni del Tesoro a breve termine per una migliore gestione della liquidità.

L'UE e la BCE operano ora in tandem, integrando strumenti di finanziamento sempre nuovi nei mercati dei capitali. Il segnale è chiaro: siamo pronti a soddisfare la crescente domanda di eurobond. E come garanzia non ci sono solo i contribuenti europei, ma anche la liquidità praticamente illimitata della BCE. Cosa potrebbe mai andare storto?


Domanda di mercato

Per la seconda metà del 2025 la Commissione europea aveva previsto di emettere fino a €70 miliardi in obbligazioni UE in sei aste con scadenze comprese tra tre e trent'anni. Già a marzo 2025 la Commissione aveva fatto registrare il più grande incremento di emissioni obbligazionarie al mondo, per un totale di €30,62 miliardi; tre soli collocamenti hanno totalizzato €13,7 miliardi.

La domanda era abbondante, grazie al duplice sostegno degli stati membri e della BCE: l'emissione di un'obbligazione settennale nell'ottobre 2024 aveva ricevuto richieste 17 volte superiori alla domanda. Le obbligazioni verdi sono particolarmente al centro dell'attenzione: sono previsti fino a €250 miliardi nell'ambito di NextGenerationEU, di cui €48,91 miliardi già emessi.

Attualmente i rendimenti di queste obbligazioni sono circa 40 punti base superiori a quelli dei Bund tedeschi, il che le rende interessanti per gli investitori.


Quo Vadis UE?

L'Unione Europea si sta innegabilmente muovendo verso una forma di stato autonomo. Le sue rigide direttive ideologiche e il tono apodittico adottato dai rappresentanti della Commissione nei confronti degli stati membri hanno di recente portato la stessa Commissione a negoziare unilateralmente l'accordo commerciale UE-USA.

Indipendentemente dall'esito, ciò invia un segnale chiaro: il potere decisionale e la competenza politica si stanno spostando dalle capitali nazionali a Bruxelles, dove una burocrazia centralizzata sta prendendo sempre più il sopravvento.

Un ritorno all'autonomia nazionale e una Commissione limitata alle funzioni essenziali sembrano fuori questione. Questo si riflette nella proposta di bilancio dell'UE per il periodo 2028-2034 della Presidente della Commissione, Ursula von der Leyen, la quale prevede un budget di circa €2.000 miliardi, con un aumento del 40% rispetto al periodo precedente.

La megalomania fiscale di Bruxelles ha un unico obiettivo: consentire all'UE di finanziare le proprie attività in modo indipendente, sfruttando i vincoli fiscali degli stati membri. I €650 miliardi residui, formalmente da raccogliere tra gli stati membri, pendono come una spada di Damocle sui negoziati in corso, una pressione costante che consente alla Commissione di applicare i propri piani di finanziamento attraverso il mercato obbligazionario.

A parte Ungheria e Repubblica Ceca, vi è un ampio consenso sul fatto che il finanziamento di Bruxelles proverrà sempre più dal mercato obbligazionario: nessun bilancio nazionale sarebbe in grado di gestire prelievi aggiuntivi. I piani della Commissione sono quindi tacitamente approvati.


La BCE come prestatore di ultima istanza

Tutto fa pensare a un modello di co-finanziamento che rende l'UE sempre più indipendente dai bilanci nazionali. I vincoli istituzionali – come quelli imposti ai singoli stati membri – vengono di fatto aggirati, così come il divieto originario di indebitamento imposto dalla Commissione. Passo dopo passo l'Unione si sta trasformando da una confederazione vincolata da regole a un attore finanziario gestito centralmente, sempre più autonomo nel decidere le proprie risorse e priorità.

Se il debito dovesse mai sfuggire al controllo, come ormai prassi comune nell'UE, la Banca Centrale Europea sarebbe pronta a fungere da prestatore di ultima istanza. Questo funzionerà finché i mercati dei capitali manterranno fiducia nell'affidabilità creditizia dell'UE, in particolare nella capacità di pagamento della Germania. Se la fiducia dei mercati crollasse, la BCE sarebbe costretta a intervenire in un modo che farebbe impallidire la crisi del debito del 2010. L'euro sarebbe allora storia passata. L'UE sta camminando sul filo del rasoio.


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


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


Charlie Kirk Assassination: TPUSA Financial Improprieties and the Egyptian Plane

Lew Rockwell Institute - Mar, 18/11/2025 - 10:03

Writes Ginny Garner:

Lew,

Candace Owens continues her investigation into the assassination of her friend Charlie Kirk. 

“I have no doubt Tucker Carlson and I are being threatened, that’s pretty obvious. It’s very obvious nobody thinks Egypt is behind it. The last time that narrative ran was probably the USS Liberty, that was the plan, to make us think Egypt had attacked us. Israel attacked hat ship. Israel is growing increasingly alarming in terms of legislation they are trying to get passed, trying to censor our speech, trying to take over social media campaigns.” – Candace Owens 

She provides details on the Egyptian plane tracking Charlie and his wife Erika that landed at the Provo airport near the assassination site; exposes possible financial shenanigans at TPUSA; and reveals the license plates of rental cars at the airport, and more. 

The post Charlie Kirk Assassination: TPUSA Financial Improprieties and the Egyptian Plane appeared first on LewRockwell.

An Austrian Perspective on Equality

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

Ludwig von Mises argued that the “nineteenth century philosophy of liberalism,” or the classical tradition of liberalism, is not founded on equality but on liberty. He rejected the notion that all men are factually or substantively equal. He saw the notion of substantive equality—what is sometimes called real equality or true equality—as incompatible with individual liberty, and as a Trojan horse for coercive interventionist schemes designed to equalize all members of society. He saw liberty as essential to peaceful coexistence and to Western civilization itself. Thus, Mises took seriously the threat posed to peace and prosperity by the egalitarian schemes with which governments aim to equalize all their citizens. In his book Liberalism, he traced the roots of the erroneous belief in equality to the Enlightenment:

The liberals of the eighteenth century, guided by the ideas of natural law and of the Enlightenment, demanded for everyone equality of political and civil rights because they assumed that all men are equal.…

Nothing, however, is as ill-founded as the assertion of the alleged equality of all members of the human race. Men are altogether unequal. Even between brothers there exist the most marked differences in physical and mental attributes. Nature never repeats itself in its creations; it produces nothing by the dozen, nor are its products standardized.

Similarly, Friedrich von Hayek rejected the idea that the classical liberal ideal of justice is based on equality. He argued in the Constitution of Liberty that justice must be based on individual liberty, which is not predicated on a presumption that everyone is equal. He cautioned that “we must not overlook the fact that individuals are very different from the outset…. As a statement of fact, it just is not true that ‘all men are born equal.’” Murray Rothbard picked up this theme in Egalitarianism as a Revolt against Nature, arguing that a world in which all human beings are equalized by state coercion and force would be a Procrustean world of horror fiction. He asked:

What, in fact, is “equality”? The term has been much invoked but little analyzed. A and B are “equal” if they are identical to each other with respect to a given attribute. Thus, if Smith and Jones are both exactly six feet in height, then they may be said to be “equal” in height… There is one and only one way, then, in which any two people can really be “equal” in the fullest sense: they must be identical in all of their attributes.

Yet Hayek, like Mises, defended the principle of equality before the law. Although they both rejected the notion of substantive equality, they argued that formal equality—or equality before the law—is essential to social cooperation under the rule of law. If equality under the law is not based on factual equality, on what is it based? It may seem contradictory to uphold formal equality while rejecting substantive equality, but, as Hayek explained, substantive equality actually undermines formal equality because it fails to acknowledge the very reason why formal equality is important. Justice in the classical liberal ideal was described as blind, not because there are no differences between people, but because justice is blind to their differences. The principle of blind justice is completely lost when people assume that we can only have the same rights when we are, in fact, the same, and that everyone has to be made the same through whatever interventions can make them equal, in order to align with the fact that we all want to have equal rights. The reason justice is blind is because that is the best way to maximize the scope of individual liberty. Under blind justice, nobody is subjected to legal obligations or penalties to which others are not subject, based purely on his personal identity or characteristics. As Hayek put it, “Nothing, however, is more damaging to the demand for equal treatment than to base it on so obviously untrue an assumption as that of the factual equality of all men.” Both Mises and Hayek saw individual liberty as the only rationale for formal equality, and insisted that equality under the law is the only form of equality that is compatible with liberty. In his book Liberalism, Mises argued that:

…what [liberalism] created was only equality before the law, and not real equality. All human power would be insufficient to make men really equal. Men are and always will remain unequal.… Liberalism never aimed at anything more than this.

One might ask why the law should bother to uphold formal equality, or equal treatment under the law, if people are not, in fact, equal. Mises gave two reasons. The first reason is that individual liberty is essential to social cooperation. He argued that individual liberty is justified because it promotes the good of the whole, and that classical liberalism “has always had in view the good of the whole, not that of any special group.” The good of the whole can only be achieved through social cooperation, and there can be no social cooperation where men are not free. He defined society as “an association of persons for cooperative action,” and cooperation is maximized when people are free to engage in peaceful and voluntary exchange based on the division of labor. The good of the whole, and social cooperation, are in turn dependent on individual liberty and private property rights. Mises saw this as the essential distinction between classical liberalism and socialism:

Liberalism is distinguished from socialism, which likewise professes to strive for the good of all, not by the goal at which it aims, but by the means that it chooses to attain that goal.

The second reason is “the maintenance of social peace.” Mises argued that peaceful co-existence is essential to civilization and prosperity, and requires that everyone must have the same rights under the law. A legal system which gives special privileges to one group at the expense of another leads inevitably to resentment, hostility, conflict, and ultimately war. Mises argued that “class [or group] privileges must disappear so that the conflict over them may cease.” Similarly, Rothbard emphasized that egalitarian schemes lead inexorably to conflict, warning that any society which sets out to produce equality sets off down the road to tyranny: “An egalitarian society can only hope to achieve its goals by totalitarian methods of coercion.”

Socialists object to the classical liberal notion of formal equality by arguing that if men are not, in fact, equal then the law ought, as far as possible, to at least try to make men equal. They suggest achieving this by abolishing any privileges enjoyed by some that are not available to others, or by creating special rights for those who lack the privileges enjoyed by others, to compensate for their disadvantages. Mises rejected this notion of “privilege.” What a man earns from his skill or talent, what is acquired under the rules of private property, cannot be deemed to be a “privilege,” because it is justified as necessary for social cooperation and the good of the whole:

The fact that on a ship at sea one man is captain and the rest constitute his crew and are subject to his command is certainly an advantage for the captain. Nevertheless, it is not a privilege of the captain if he possesses the ability to steer the ship between reefs in a storm and thereby to be of service not only to himself, but to the whole crew.

Mises therefore saw formal equality, or equality under the law, as an essential component of liberty. His defense of liberty was, in turn, based on the fact that liberty is essential to human flourishing. The significance of liberty as the philosophical foundation of equality is clear—it follows that any equality “rights” that undermine individual liberty are invalid. They are indeed phony rights, as Rothbard put it.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

The post An Austrian Perspective on Equality appeared first on LewRockwell.

Should the Air Force Have a Chapel?

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

President Trump is incensed, again.

This time it is over the increasing cost to renovate the U.S. Air Force Academy Cadet Chapel in Colorado. The cost of the Cadet Chapel restoration project, which began in September of 2019, has now ballooned to almost $335 million, and is not expected to be completed until November of 2028.

“The United States Air Force Academy Cadet Chapel has been a CONSTRUCTION DISASTER from the time it was built in 1962. The earlier stories are that it leaked on Day One, and that was the good part. Hundreds of Millions of Dollars have been spent,” said Trump on social media. He also termed it a “mess” and a “complete architectural catastrophe.”

Located in Colorado Springs, Colorado, on the campus of the U.S. Air Force Academy (USAFA), the Cadet Chapel was completed in 1962, and was named a U.S. National Historic Landmark in 2004. The chapel stands 150 feet tall, and is 280 feet long and 84 feet wide. Its most notable architectural feature is its 17 spires.

The Cadet Chapel was built to “meet the spiritual needs of cadets and staff.” It houses a Protestant chapel, a Catholic chapel, a Jewish chapel, a Muslim chapel, a Buddhist chapel, and a Falcon Circle for Wiccan, Pagan, and Druid worshippers. There are also “all-faith” rooms for other religious groups to use.

USAFA superintendent Lt. Gen. Richard Clark stated about the renovation:

Whether you’re a cadet, a graduate or among the thousands of visitors each year who enter our gates, we know the place this amazing building has in the hearts of many who support our Academy. We’re disappointed too. We’re disappointed we can’t open the chapel doors as soon as we originally thought, but in the end, we’re doing the right work at the right time for the right reason: preserving this national historic landmark for generations of cadets, graduates and Americans.

There has been much hand-wringing over how the Air Force could allow its chapel to deteriorate so much that it needs to be closed for years for renovations costing so much.

But here is a question that no one is even considering: Should the Air Force even have a chapel in the first place?

Of course not.

First of all, the federal government has no business constructing a chapel anywhere in any government building. Not on a military base. Not in a Social Security office. Not at a national park. Not in the Capitol building. Not in the White House. Not in a Post Office. Not in an office building. Not in a courthouse. Since when is it the concern of the federal government to do something to “meet the spiritual needs” of anyone? It is not the job of the government to encourage or facilitate the practice of religion any more than it is the job of government to hinder or prohibit the practice of religion.

It should be noted that this has nothing to do with the First Amendment:

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.

Constructing a chapel is not establishing a religion. The issue is simply the proper role of government.

Second, with a government chapel comes government chaplains and government control. Taxpayer-supported chaplains are expected to serve two masters: God and the state. I have written about the evils of Christians being military chaplains here and here. A government chapel means that it is the government who ultimately decides who gets to preach and what they are allowed to preach.

And third, what connection is there between religion and a branch of the U.S. military? There is none whatsoever. Religion—any religion—is supposed to uphold and pursue the sanctity of life, non-violence, virtue, respect, compassion, toleration, kindness, peace, and the Golden Rule. Contrast these things with what is done by the Air Force. The Air Force bombs countries that pose no threat to the United States, maims and kills foreigners who never harmed any American, makes widows and orphans, engages in offense while calling it defense, destroys property and infrastructure, kills civilians and calls it collateral damage, helps to carry out a reckless, belligerent, and meddling U.S. foreign policy, and carries out unjust, immoral, and unnecessary military operations.

The actions of the Air Force cannot be sanctified by having a chapel on the grounds of the Air Force Academy. Young men and women of any religion should aim higher than a career in the Air Force.

The post Should the Air Force Have a Chapel? appeared first on LewRockwell.

Tech Sinica – China’s Relentless Innovation Drive

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

China’s innovation drive is reaching fever pitch in 2025. Let’s cut to the chase and focus on four crucial domains.

1.The Huawei Factor

Huawei is already testing its first, self-developed EUV lithography machine capable of producing 3nm chips. Trial tests are going full blast at the research center in Dongguan, and mass production should start in 2026.

It’s impossible to overstate how much of a game-changing paradigm this Chinese breatkthrough – specifically in laser-induced discharge plasma (LDP) – is all about. It’s set to turn the seminconductor technology environment totally upside down.

The physics involved in Huawei’s LDP is fundamentally different from the method employed by the Dutch ASML’s de facto monopoly. This being China, it’s simpler, smaller and cheaper.

Huawei’s technology is bound to smash that monopoly while solidifying China’s chip independence. Talk about cost efficiency: Huawei aims to produce EUV machines at a fraction of the cost of ASML’s (around $350 million for each unit), and no less than flood China with homegrown 3 nm chips.

All that is happening after the proverbial Western “experts”, following the 2019 sanctions imposed by Trump 1.0, dictated that China would take up to 15 years to just catch up. After all, EUV technology is too deeply embedded in the Western-controlled supply chain. It was assumed that China would never be able to smash the monopoly.

Well, of course any monopoly is smashable when public-private partnerships – in academia and tech – release untold billions of dollars into R&D, rally the best minds, and focus on building an EUV eco-system from scratch.

This is not only about tech; it’s a geoeconomic and geopolitical earthquake. There was a serious debate going on across China that it would be a matter between 2 and 3 years to cut off any dependence on US/Western tech. Well, Huawei and SMIC will be moving closer to mass production of these 3 nm chips already by next year. Not hard to do the math on where the future of global chipmaking lies.

Invest In R&D And Reach Patent Heaven

Now cut to Fan Zhiyong, Huawei’s Vice-President and Minister of Intellectual Property, talking at the company’s 6th Innovation and Intellectual Property Forum this past Tuesday.

He explained how “from the brand-new HarmonyOS 6 operating system to the powerful Atlas 950 supernode, our R&D team has achieved remarkable successes. Although many leading software and hardware products are massive systems engineering projects, we are making every effort to make them open to everyone.”

Huawei conducts an innovation and intellectual property forum nearly every year, discussing the importance of open/protected intellectual property as well as promoting its Top Ten Inventions: this year they featured, among others, supernodes; the Harmony OS; foldable screens; short-range optical interconnects; and next-generation solid state drives.

There’s no secret: a lot of investment in R&D is behind all these breakthroughs. Over the past five years, Huawei has invested more than 20% of its annual sales revenue in R&D. According to the EU Industrial R&D Scoreboard 2024, Huawei is Number 6 globally in R&D expenditure.

Huawei does not see these accomplishments as leading to a “closed garden”. On the contrary: the strategy is to foment an “open industry”, including the launch of a series of new open source software and hardware.

This opennes is reflected by the fact that Huawei is one of the world’s largest patent holders. By the end of 2024, Huawei held over 150,000 valid authorized patents globally, ranging from over 50,000 Chinese patents to over 29,000 patents in the U.S. and 19,000 in Europe.

And that brings us to…

2. Total Tech Sufficiency

And of course that is centered on AI. Cut to three recent key tech moves:

A. Beijing has banned foreign AI chips in every state-funded data center across the nation. Exempted will be only a few private companies which build their own data centers.B. Local and regional governments were encouraged and are already subsidizing the electricity bills of AI data centers. China has a key infrastructure advantage over the US: cheap and extremely abundant power – as I saw it in my recent travels in Xinjiang. That is essential to offset the cost of switching to domestic chips, a more energy-intensive operation. For example, Huawei’s AI server system – CloudMatrix 384 – consumes more energy than Nvidia’s NVL72 system.C. Beijing is also rolling out a new, ambitious “AI Plus Manufacturing” plan, included in the broader AI Plus initiative.

Point A is ultra-pertinent because Trump 2.0 is debating whether to allow Nvidia to sell a downgraded version of its Blackwell chips to China. Nvidia’s CEO Jensen Huang is lobbying for it like there’s no tomorrow, desperate of losing the Chinese market to Huawei for good. He bombastically announced that China is only “nanosenconds” behind the US on semiconductors.

Point C is also ultra-pertinent because as we saw with the Hauwei factor, Beijing is going for no holds barred AI chip self-sufficiency.

Beijing is deploying a very clever strategy. No foreign chips in data centers means a de facto protected market to domestic chip innovators which match foreign chip performances. Talk about a massive incentive.

Li Lecheng, Minister of Industry and Information Technology (MIIT), has announced that MIIT will soon issue an “AI Plus Manufacturing” plan, focusing on rolling out AI upgrades in key industries; expanding intelligent assisted design, virtual simulation, and early defect detection; promoting brand new AI-enabled mobile phones and computers; and accelerating R&D for next-generation intel devices such as humanoid robots and brain-computer interfaces.

In a nutshell: that is how Beijing wants to implement AI in every nook and cranny of the Chinese economy. It’s a no holds barred total innovation strategy. Sanctions? What sanctions?

What A Stable And Resilient China May Accomplish

3. Clean Energy

This revolution is already on – with China leaping ahead of the whole collective West, installing, for instance, nearly 900 gigawatt of solar capacity, more than the US-EU combo.

Last year, China generated 1826 terawatt/hour of electricity out of solar and wind power – five times the energy equivalent of all its nuclear warheads.

Yes: that’s a certified energy superpower.

4. An Early-Warning Detection Big Data Platform

The Nanjing Research Institute of Electronics Technology – China’s number one defense-electronics center and a hub of key innovation even under US sanctions – is developing a ground-breaking “distributed early-warning detection big data platform” capable of tracking up to 1,000 missile launches worldwide in real time.

The platform fuses data from an enormous array of space-, air-, sea-, and ground-based sensors, using advanced algorithms to distinguish warheads from decoys and proceed to action across secure networks.

The system integrates literally anything: fragmented, heterogeneous data streams from multiple sources – radars, satellites, optical, electronic reconnaissance systems – no matter where they come from, and when.

Cue to the system’s integration with interceptor missiles. During the Victory Day military parade last September in Beijing, China presented a new generation of air defense and anti-ballistic missiles, including the HQ-29, capable of intercepting hostile missiles beyond the atmosphere. Call it the Chinese Dragon Dome.

These are only 4 vectors amid the concerted Chinese tech drive, one of the key themes of the next Five-Year Plan to be approved next March in the “Two Sessions” in Beijing.

Now cut to Ronnie Chan, the Chair Emeritus of the Asia Society and the chairman of its Hong Kong Centre. He’s one of those affable old-school Hong Kong elite members who’s seen it all – and capable of synthesizing what’s ahead in a sharp and sweet manner. What he said recently at a seminar organized by the Shanghai Development Research Foundation could not be more relevant.

Let’s take just three key takeaways:

1. “The Chinese people are resilient and patient. As long as domestic stability is maintained, external pressure only strengthens their endurance (…) in this China–U.S. rivalry, there will be no true winner, but the side that stands longer in the end will be China.”

2. “China’s economy has not been over-financialised, and it continues to be grounded in the real economy. Only when manufacturing is strong can a nation remain stable and resilient.”

3. “China must stay calm — neither blindly optimistic nor blindly pessimistic. China possess a vast market, a complete industrial chain, and a diligent population. As long as internal stability holds, external pressures cannot defeat it. The real opportunities ahead do not lie in real estate or finance, but in the service sector and innovation-driven real economies.”

There is no Chinese “miracle”: it’s all about planning and hard work. And now to the next stage: no holds barred innovation.

This article was originally published on Sputnik News.

The post Tech Sinica – China’s Relentless Innovation Drive appeared first on LewRockwell.

Was Covid Always a CIA Plot?

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

According to newly released emails, the United States Intelligence Community, led by the CIA and the Office of the Director of National Intelligence, held regular meetings with Dr. Ralph Baric, one of America’s leading coronavirus experts, since at least 2015.

Senator Rand Paul’s office has worked for years to obtain the documents.

Baric has been accused of engineering the Covid-19 virus in his lab at the University of North Carolina, but he has never had to testify about his role in the pandemic despite his well-documented collaboration with the Wuhan Institute of Virology.

The newly released emails reveal that the CIA hoped to discuss “Coronavirus evolution and possible natural human adaptation with Baric” and that Baric held quarterly meetings with members of the Intelligence Community.

These emails are just the latest additions to the suspicious amalgamation of facts implicating the US Intelligence Community’s role in the origins of the pandemic, as discussed in The Covid Response at Five Years.

A very brief overview of the timeline suggests that the CIA and the Intelligence Community are implicated in the creation of the virus, a lab leak at the Wuhan Institute of Virology, and censorship to evade any public scrutiny for their role in the pandemic.

  • 2015: The Intelligence Community held quarterly meetings with Dr. Ralph Baric and discussed “possible human adaptation” to coronavirus evolution.
  • 2019-2020: The CIA had a spy working at the Wuhan Institute of Virology doing “both offensive and defensive work” with pathogens, according to Seymour Hersh. That asset reports in early 2020 that there was a laboratory accident that resulted in the infection of a researcher.
  • March 18, 2020: The Department of Homeland Security replaced Health and Human Services as the lead Federal Agency responding to Covid, as explained in depth in Debbie Lerman’s The Deep State Goes Viral.
  • Spring 2020: The CIA offered bribes to scientists to bury their findings refuting the “proximal origin” theory advanced by Dr. Anthony Fauci, according to a whistleblower. The House Oversight Committee explains: “According to the whistleblower, at the end of its review, six of the seven members of the Team believed the intelligence and science were sufficient to make a low confidence assessment that COVID-19 originated from a laboratory in Wuhan, China.” Then, however, the “six members were given a significant monetary incentive to change their position.”
  • 2020: Dr. Fauci began holding secret meetings at CIA headquarters “without a record of entry” in order to “influence its Covid-19 origins investigation,” according to a whistleblower. “He knew what was going on…He was covering his ass and he was trying to do it with the Intel community,” the whistleblower told Congress.”
  • 2021: Scientists in the Department of Defense compiled significant evidence suggesting Covid emerged from a lab leak, but President Biden’s Director of National Intelligence, Avril Haines, banned them from presenting their evidence or participating in a discussion on the origins of the virus.
  • 2021: CISA, an agency within the Department of Homeland Security, implemented a program known as “switchboarding,” where officials dictated to Big Tech platforms what content is permissible or prohibited speech.
  • 2022: The Department of Homeland Security announced it will establish a “Disinformation Governance Board.” The Ministry of Truth is only discontinued when the absurdity of its chief censor, Nina Jankowicz, receives sufficient blowback from the public.

What exactly was the play here? A populist impulse has been alive in the American electorate since the end of the Cold War. A growing popular demand on the left and right has been for a government that serves the people and not some globalist, bureaucratized, and militarized scheme that only benefits the ruling class.

In 2015, Donald Trump, a consummate outsider to the ruling elites, was ascending in political stature in ways that no one expected. He was saying outrageous things on stage – such as that the Iraq war was a disaster – and people loved it.

The establishment’s choice, Jeb Bush, was wiped out early in the primaries. This was not about Trump personally, however; it was about the traditional demand in these circles to control the controllers. Since the assassination of JFK, this has always been the way, always justified in the public interest. Trump was not their choice.

The real interest has been the consolidation and expansion of power of a rogue Intelligence Community, headed by the CIA. Tapping Baric’s expertise was part of a deliberate strategy to increase that dominance through bioweapons.

It seems perhaps crazy to imagine that there was a playbook for maintaining control by the old guard and that the pandemic option was among them. But perhaps it was. After all, Anthony Fauci frequently warned of a coming pandemic, and intelligence worked with universities and corporations for years and on multiple occasions to game out pandemic exercises (Event 201 and Crimson Contagion).

What we have here are new breadcrumbs pointing to a genuine coup attempt, one that grew as each stage in the deployment failed, culminating in relentless media campaigns, lawfare, and even assassination attempts. The newest evidence further reinforces the existence of a ruling class willing to engage in sadistic policies that compared with the worst of the last years of the Roman Empire.

Of course, this was not just about politics in the US. Populist movements had come alive the world over, from Europe to the UK to Brazil. Fully 194 countries were locked down over several weeks, with the claim that the problem would be fixed with universal human separation followed by injection of a compliant population. The scenario being built here through these releases is nothing short of terrifying.

Where are the investigations, hearings, commissions, and courts? At the very least, and in any case, Baric and members of the Intelligence Community must testify under oath about their role in gain-of-function research, the Wuhan Institute of Virology, and the cover-up that began in 2020.

This article was originally published on Brownstone Institute.

The post Was Covid Always a CIA Plot? appeared first on LewRockwell.

Why Have Vaccines Become a Religion?

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

As more and more people are awakening to the dangers of vaccines, they are gradually discovering a problem vaccine safety advocates have had to deal with for decades—talking to vaccine zealots is like speaking to a brick wall and regardless of the evidence you put forward, you can’t reach them (sometimes seeming as though you are speaking to a religious fanatic who is unwilling to even consider the “blasphemy you are spewing forth”).

For example, in 2009 after nephrologist Dr. Suzanne Humphries noticed patients (particularly hospitalized ones) kept on developing kidney failure after flu shots, she experienced significant pushback from trying to delay vaccinating until discharge:

In the past when I was consulted on kidney failure cases and said, “Oh that was the statin/antibiotic/diuretic that did that!” instantly the drug would be stopped—no questions asked. Now, however, a new standard was applied to vaccines. It didn’t matter that the internist’s notes in the charts said, “No obvious etiology of kidney failure found after thorough evaluation.”

The next time the medical chief of staff and I met in the corridor, an oncologist was present. At one point, I asked the chief, “Why doesn’t anyone else see the problem here? Why is it just me? How can you think all this is okay? Why is it now considered normal to vaccinate very sick people on their first hospital day?” The oncologist gave an answer that surprised me. She said, “Medical religion!” and turned and walked away.

Several months went by, and the medical executive committee met to discuss my concerns, without allowing me to be present at the meeting. I was informed in writing that the nursing staff were becoming confused by me discontinuing orders to vaccinate and that I should adhere to hospital policy. I thought this odd, given that nurses are not accustomed to giving the same treatment to every patient, and are fully capable of reading individualized orders.

As time went on, it was interesting seeing the divide in the hospital staff. Nurses would bail me up in quiet corners and tell me stories that completely backed up what I was seeing. They would guardedly support me, when their superiors were out of eye- or ear-shot.

I wrote all the cases out and put together a comprehensive brief for the hospital administration, but to no avail. Not even science could get through as the snake-oil salesmen continued to deny my findings.

I kept presenting the administration with facts they could not respond to, in the hope that they would get a blinding revelation of the obvious. Finally, they recruited the Northeast Healthcare Quality Foundation, the “quality improvement organization” for Maine, New Hampshire and Vermont, to get me off their backs. Dr. Lawrence D. Ramunno sent a letter invoking the fallacy of authority, which adamantly informed me that hospital vaccination against influenza virus would become a global measure for all admissions in 2010 [due to Obamacare], and that my evidence of harm was not significant because 10 professional organizations endorse vaccination.

This condescending, vapid letter…illustrated callous disregard of clinicians at the highest level, and the willful blindness prepared to ignore clearly documented cases, and their own medical literature. Not satisfied with demanding that I practice automaton obedience to dictates from on high, they initiated a shadow observation, where everything I did and wrote in the hospital, from then on, was observed and scrutinized.

Note: prior to Obamacare effectively mandating flu shots for healthcare workers, many doctors I knew did not vaccinate as they felt there were negligible benefits to the shot and real potential risks and thought the new mandate didn’t make sense. I do not believe my sample was biased as other sources corroborated it (e.g., this 2009 CNN segment discussed New York healthcare workers protesting a state law requiring annual flu shots for them)—making it remarkable how quickly a simple mandate was able to shift critical thinking on this topic to an irrational embrace of vaccination (especially given how people I’ve met who got Guillain-Barré syndrome from a vaccine).

Worse still, decades of propaganda have enshrined a number of ridiculous standards and rationalizations to defend vaccines you are always expected to argue against if you so much as question them.

Note: propaganda is a tool that is used to convince the population that something which goes against their interests and cannot be logically justified is actually “good for them.” For this reason, propaganda is emotional rather than logical in nature, and frequently will use emotional arguments that on the surface appear logical but once you peer deeper are not.

Why Do People Believe in Vaccines?

Once people awaken to the vaccine issues, one of the most frequent questions which emerges is why the medical field has such a rigid ideological attachment to them. I would argue it is due to three interrelated reasons:

First, human society has always been defined by competing groups vying for status and wealth, and what many do not appreciate is that, historically, it is a very recent development that doctors attracted the prestige and salary the profession commands. This I would argue was ultimately a result of two things:

•Market monopolization (via the American Medical Association) and technological developments birthing an incredibly profitable medical industry, which generated the funding to market a newfound faith in it to the entire country and required doctors (and faith in doctors) to serve as the keystone for the industry.

•Medicine creating a mythology that it rescued us from the dark ages of disease, and hence deserves its supremacy in the current social hierarchy. As “vaccines ending infectious diseases” is a central part of that mythology, to maintain their existing prestige, those within the conventional medical system are essentially forced to double-down on the absolute supremacy of vaccines, regardless of the evidence against them, or the fact, as Secretary Kennedy brilliantly shows here, there is no actual evidence vaccines were responsible for the decline in infectious disease the medical industry falsely claimed credit for.

Note: when Dr. Humphries raised her concerns about influenza vaccines causing kidney failure, colleagues used the mythology of medicine’s most esteemed vaccines to dismiss her (e.g., “[the chief of internal medicine] went on to remind me that ‘smallpox was eradicated by vaccines, and polio was eradicated in the United States by vaccines.’”). This eventually motivated Humphries to scrutinize that mythology and create the pivotal book Dissolving Illusions that showed exactly why that mythology was a lie.

Secondly, there is a well-known phenomenon in psychology known as the Dunning-Kruger effect, which states that the less competence or knowledge individuals have in an area, the more they will overestimate their competency and knowledge (e.g., as the DMSO series I’ve written has attracted more attention, an increasing number of DMSO hit pieces have been written and I’ve found that the more nonsensical, erroneous or misinformed the arguments presented are, the more confidently and aggressively their proponents espouse them and the more resistant they are to considering any conflicting data).

In medicine, there is a massive amount of information that needs to be learned, so in most cases doctors are forced to take short cuts throughout their training where again and again they assume if A is true then B is true without understanding exactly why A leads to B or how tentative the link can be and in which situations it does not apply. Likewise, when the public (especially members of the media) appraises medical information, rather than try to understand how A becomes B, they typically take the pronouncement of an expert (e.g., a doctor) that “A always leads to B” as all there is to say on the subject.

Since A often does not actually lead to B, and people do not like admitting they are wrong (especially if, like doctors, an incredible personal investment was required to attain the social status they hold), when confronted with inconsistencies in their beliefs, the typical response will be to double-down on their position rather than try to critically understand the additional data.

All of this, in short, encapsulates what I routinely observe when I see doctors or those aligned with “the science” defend (essentially-indefensible) aspects of vaccination.
Note: another common psychological mechanism at work, cognitive dissonance (not wanting to admit something you’ve invested yourself in was wrong), is particularly applicable to doctors, as it is a heavy burden to acknowledge you had harmed a significant number of people you willfully vaccinated.

Third, a strong argument can be made that societies cannot function without some type of unifying faith or spirituality (particularly since in the absence of one, people will frequently seek out one to adopt). In our culture, a rather peculiar situation emerged where religion was cast out by broad swaths of the society and replaced with science (under the belief it would create a fairer and more rational society) but the underlying need for a widespread faith was never addressed.

Because of this, much of science gradually morphed into the society’s religion, resulting in it claiming to be an objective arbiter of truth, but in reality, frequently being highly dogmatic and irrational as it seeks to establish its own monopoly over the truth (which has led to many labeling the current societal institution of science as “scientism”). As such, when science is discussed, religious terminology is often used by its proponents (e.g., “I believe in science,” “I believe in vaccines,” “anyone who denies climate change is reprehensible and must be silenced”).

The Religion of Medicine

Over the years, many have made the observation, medicine, by claiming dominion over life and death (and creating modern miracles like reviving the dead with cardiac resuscitation or awing the public with their ability to see through flesh with x-rays) has come to function as the foundation of the new religion of science.

Modern Medicine can’t survive without our faith, because Modern Medicine is neither an art nor a science. It’s a religion… The Church of Modern Medicine deals with the most puzzling phenomena: birth, death, and all the tricks our bodies play on us—Robert S. Mendelsohn

One of the first people who alerted me to this idea was Dr. Mendelsohn, who in his 1979 book, Confessions of a Medical Heretic argued that medicine was a dogmatic institution that prioritized authority, control, and ritualistic practices (which were treated as infallible doctrines requiring blind obedience from patients) over patient well-being, data transparency, and evidence-based care. There, he:

• Highlighted “unwritten rules” in medicine, such as doctors compulsively rushing to prescribe new drugs before their side effects are fully known, as examples of this rigid, faith-like adherence to protocol over science (particularly since debacles routinely followed this blind faith in new pharmaceutical drugs).

• Demonstrated how many routine practices and procedures caused significantly more harm than benefit (e.g., x-rays for tonsillitis later creating thyroid cancer) but could not be challenged due to the dogmatic nature of medicine, leading to similar debacles being repeated in each ensuing decade.

• Demonstrated that many illnesses that are routinely treated with (harmful) interventions would recover on their own, especially if augmented with simple natural healing practices.

• Argued that medicine’s tendency to withhold foundational medical information from the public (hence forcing them to trust the doctor’s opinion rather than their own judgement) was fundamentally unethical.
Note: this critique was raised in the pre-internet age where medical journal information was not widely available to the public. I believe this in part explains why journal articles published at this time (many of which I cite in this newsletter) were much more candid, whereas in later decades information which potentially incriminated the medical profession rarely made it to publication.

• Argued medicine’s compulsion to “do something” as a faith-based impulse rather than rational care, equating medical overreach with religious zeal that harms believers.

• Noted that in addition to patients being attacked for challenging the faith, doctors who did were treated as heretics and cast out (e.g., by being forced to resign from the hospitals they worked at).

Nowhere does the Church’s Inquisition emerge as clearly as it does through the drugging of children as a means of control… Modern Medicine sets up its Inquisition to define behavior which doesn’t conform as sick.

Mendelsohn’s work, in turn, was hugely impactful and played a huge role in shifting medicine away from the paternalistic model to one where patients began to be provided with data and allowed to play a role in deciding what care was optimal for them. For example, he made numerous highly impactful appearances on national television appearances such as this 1983 debate on the dangers of vaccines.

Note: over the last month, I compiled 54 other news segments that were aired on the dangers of vaccines that would never be aired now (and can be viewed here).

Nonetheless, many of the issues Mendelsohn highlighted persist to the present day. For example, doctors who tried to prevent COVID patients from dying by deviating from the ineffective remdesivir protocols were kicked out of their hospitals, the experimental mRNA vaccines were embraced with an unstoppable religious zeal by the medical community despite very little being known about them at the time and data on the safety or efficacy of the COVID vaccines was withheld from the public despite continual efforts and lawsuits to obtain them.

Read the Whole Article

The post Why Have Vaccines Become a Religion? appeared first on LewRockwell.

The Real Affordability Agenda

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

Donald Trump’s victory in the 2024 presidential election was due in large part to his promises to pursue an America First foreign policy and rein in inflation. One year later, prices remain high, and President Trump is more focused on overseas meddling than on the American people. This has helped enable Democrats to win governor races in Virginia and New Jersey, and self-described Democratic socialist Zohran Mamdani to win the New York City mayor race by running on “affordability.”

Since the election, President Trump has made a number of proposals to ease the burden of high prices. One of the president’s proposals is changing federal housing regulations to encourage lenders to offer 50-year mortgages. Though a 50-year mortgage in comparison to a 30-year mortgage could reduce monthly mortgage payments by over a hundred dollars for a median price home, it could also roughly double interest payments made over the life of the mortgage. So, while the longer mortgage may provide a short-term benefit, in the long run it is a losing proposition for potential homeowners.

President Trump also proposed using the revenue from his tariffs to give most Americans at least 2,000 dollars. This may provide some help for struggling Americans, but it does not compensate for the damage inflicted on the American economy by the tariffs.

President Trump has also announced plans to reduce tariffs on some countries in regard to coffee, bananas, and other agricultural products. This reduction in the tariffs has come with an admission from the Trump administration that the high tariffs have led to increased prices and thus harmed Americans. Hopefully, President Trump will provide more relief from his tariffs, including relief aimed at helping American manufacturers who rely on imports for raw materials and tools.

While Democrats talk about “affordability,” most are unwilling to support the free-market policies that produce abundance and affordability. Instead, they want more government interventions in the marketplace — even though history shows government interventions cause price increases and shortages. For example, New York City Mayor-elect Mamdani thinks the way to address housing costs in New York City is through new price controls on rent. He does not seem to understand that a reason housing costs are so high in New York City is because of the city’s existing rent control law.

Another example is congressional Democrats’ “solution” to the large increases in Obamacare premiums being to extend the 2021 “temporary” Obamacare subsidies enacted as part of covid relief legislation. Unfortunately, the Republican alternative appears to be to just send Americans money to use to pay medical costs.

Politicians with both parties ignore the real cause of price inflation: the Federal Reserve. When the Federal Reserve increases the money supply, it reduces the dollar’s value, thus increasing the average American’s cost of living. A major reason the Fed devalues the dollar is to monetize the ever-increasing federal debt by purchasing Treasury securities. Therefore, an important action the president and Congress could take to make America affordable again would be to reduce federal spending and start paying down the over 38 trillion dollars debt. Congress should also pass legislation forbidding the Federal Reserve from purchasing federal debt.

Congress should also pass the Audit the Fed bill, legislation exempting precious metals and cryptocurrencies from capital gains taxes, and a repeal of any other laws that prevent Americans from using alternative currencies. Auditing and ending the Federal Reserve is the true affordability agenda.

The post The Real Affordability Agenda appeared first on LewRockwell.

The Justice of the Empire

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

While concentrating a growing military force in the Caribbean against Venezuela, the Trump Administration is conducting a systematic persecution of Venezuelan immigrants in the United States.

In March, it deported 252 of them to a notorious prison in El Salvador known as the ‘Terrorism Detention Centre’, claiming that they had infiltrated the United States to wage an ‘irregular war’.

Interviewed now by the New York Times, 40 of these Venezuelans, who reported physical and psychological trauma, testified that they were savagely beaten, sexually assaulted by guards, and pushed to the brink of suicide. A team of independent forensic analysts found their testimonies to be consistent and credible, stating that the violence they suffered meets the United Nations definition of torture.

At the same time, on the orders of the Trump Administration, the US armed forces continue to attack Venezuelan and Colombian vessels in the Caribbean Sea that are ‘suspected of drug trafficking’. Since September, around 80 crew members have been killed in such attacks without any evidence that they were drug traffickers: they were not stopped and searched, but immediately hit with missiles that set the boats on fire, burning those on board alive. There is already evidence that some of them were fishermen.

The Trump Administration’s Department of Defense is deploying the USS Gerald R. Ford, the world’s largest aircraft carrier, against Venezuela, along with its battle group consisting of several ships. The Pentagon says that

“the increased presence of US forces in the area of responsibility of the US Southern Command, which includes South and Central America, strengthens the United States’ ability to monitor and counter illicit actors and activities that threaten the security and prosperity of the US homeland and our security in the Western Hemisphere.”

However, the true objective of this military operation is to overthrow President Nicolas MaduroHe is accused of collaborating closely with drug cartels and of seizing power illegally, in order to regain control of Venezuela, a country with the world’s largest oil reserves, for the United States and its multinational corporations.

To this end, the Trump Administration has placed a $50 million bounty on President Maduro, as a reward for anyone who provides information leading to his arrest.

At the same time, in the Middle East, the Trump Administration has cancelled the £7 million bounty on Mohammad al-Jolani, leader of the terrorist group al-Nusrah Front (ANF), the Syrian branch of al-Qaeda, removing him from the list of global terrorists. Al-Jolani himself, now going by the name Ahmed al-Sharaa, has proclaimed himself president of Syria, which he has taken over. “President” Ahmed al-Sharaa was received by President Trump at the White House and admitted into the “anti-terrorism coalition”, while his militias spread terror in Syria, massacring civilians. Also in the Middle East, the Trump administration is implementing its “peace plan for Gaza”, continuing to supply Israel with weapons in a relentless flow that has earned US war industries $32 billion since 2023.

With the support of the US, Israel is consolidating its presence in Gaza, now reduced to rubble, and taking control of the West Bank with the aim of permanently undermining the prospect of a viable Palestinian state.

Regarding the situation in the West Bank, an issue largely overlooked by the political and media mainstream, we recommend watching two important documentaries on Byoblu:

Ladri di terra (Land Thieves) by Michele Crudelini,

“I’ll tell you about the occupied West Bank” by  Giulia Bertotto.

In this episode of Grandangolo, Michele Crudelini talks about his trip to the West Bank, a rare example of true investigative journalism.

This article was originally published in Italian on Grandangolo, Byoblu TV.

The post The Justice of the Empire appeared first on LewRockwell.

Too Many Americans Want a Civil War

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

The political assassination of Charlie Kirk continues to impact America.  Charlie’s conservative nonprofit organization, Turning Point USA, has seen a surge in membership.  There are reports across the country of increased church attendance, as lapsed congregants contemplate the sacrifice Charlie made to spread a Christian message.  Conservative and Christian Americans are expressing themselves more boldly on social media platforms and college campuses.

An equally important, though darkly troubling, consequence of his murder has been the deluge of mockery and hatred from leftists celebrating Charlie’s death.  Antifa-aligned groups show up on college campuses to attack Turning Point staff and prevent students from hearing Charlie’s arguments.  Prominent Democrats continue to pretend that violent leftist rhetoric had nothing to do with his murder.  Celebrity “journalists” defend Charlie’s assassination by not-so-subtly suggesting that Charlie’s willingness to debate a range of political and moral issues with Americans of all political backgrounds constituted some kind of impermissible “hate” or linguistic “violence.”

In a recent interview with Democrat Senator John Fetterman, leftist propagandist Katie Couric tried really hard to blame Charlie for his own murder.  “Did you have any issues, now in hindsight, over some of the things that Charlie Kirk said?” Couric asked Fetterman.  When the senator responded with compassion for Charlie’s family and pointed out that “engaging in debate would never justify what’s happened,” Couric nonetheless insisted, “I think some people might say Charlie Kirk’s rhetoric was extreme. … People think his words lead to violence.”

Breaking news, Katie: During the height of the civil rights movement, people worried that Martin Luther King, Jr.’s words would lead to violence, too.  His assassination did not dispel the truth of his message.  The same is true of Charlie.

When famous “reporters” such as Couric so conspicuously work to justify a leftist-inspired political assassination, non-leftists pay attention.  As one social media account posted, “Charlie was a moderate Christian conservative.  If Katie thinks he ‘deserved’ this because of his beliefs, she thinks we ALL deserve the same thing.”  A lot of non-leftist Americans have realized over the last two months that leftists want them dead.

For the last ten years, they’ve watched Antifa domestic terrorists burn down businesses, threaten drivers, and perpetrate all kinds of violence against random American citizens.  Seeing this organized terrorism on computer screens, many non-leftists could effectively compartmentalize these incidents of violence and destruction as the actions of revolutionary Marxists and militant Democrats.

After Charlie’s assassination, however, non-leftists witnessed the publicized glee of ordinary Democrats across the country.  Teachers, nurses, and even therapists felt no shame in expressing happiness over Charlie’s murder.  Government bureaucrats laughed about Charlie’s death without any fear that they might lose their jobs.  A music instructor in Pennsylvania recently posted a video in which she cruelly gives Charlie’s wife, Erika, “acting notes” so that the widow’s grief will appear more “convincing.”  These psychopathic jeers have continued for two whole months.

Rather than being horrified at the public responses of so many leftist Americans to the political assassination of Charlie Kirk, Katie Couric apparently believes that Charlie deserved his fate.  When such a famous corporate news face seems genuinely amenable to assassinating Americans for their political speech, even people who normally ignore politics notice how dangerously divided the country has become.

For non-political, non-leftist Americans, Charlie’s murder has been an exclamation point to the steady rise of organized political violence during the last decade.  After a deranged leftist tried to assassinate an entire baseball team of Republicans from the House and Senate in 2017, non-political Americans hoped that the shocking event would help to cool the temperature in Washington.  Just as soon as Democrat Party leaders did a little bipartisan kumbaya routine for the cameras, however, we got the Antifa and Black Lives Matter riots of 2020.

Even though those violent riots killed several dozen Americans and caused more property damage than any other insurrection in U.S. history, the Democrat Party euphemistically defended the mayhem and bloodshed as a “summer of love” for Americans’ civil rights.  While cities burned, the corporate news media warned Americans that the violence would get much worse unless Joe Biden “won” the 2020 election.  In this way, “journalists” and politicians openly threatened Americans as they headed to the polls.

After claiming the presidency, Democrats did not let up.  Instead, they used the DOJ and FBI to hunt down and harass political opponents.  Democrat-engineered lawfare that had been ramping up since Obama was in the White House went into overdrive as leftists persecuted non-leftists with abandon.  Aside from years of politically motivated prosecutions, however, Democrats continued to call non-leftist Americans “fascists” and “Nazis.”  By 2024, it was little surprise to anyone paying attention that leftist-inspired assassins would attempt to murder President Trump.

What was a surprise for many non-political Americans, however, was that such near-historic assassination attempts did not sufficiently convince Democrats that their violent rhetoric had become unarguably dangerous for the nation.  Within moments of the attempted assassination of President Trump in Pennsylvania last summer, Democrat politicians and their allies in the press were already downplaying the event or pretending that the shooting had been faked (even as fire chief Corey Comperatore lay dead).  Rather than taking a moment to consider how close the country had come to a potentially civil war-triggering murder of a major national figure, leftists publicly regretted that the assassin had failed.  Random leftists took to social media platforms to complain about the shooter’s aim.

After all the years of Democrat riots, lawfare, and violence, the near-murder of President Trump reminded non-leftist voters what was at stake in the 2024 election.  Even then, however, the average non-political American tried to mentally separate the attempted murder of a national politician from the way ordinary leftists viewed ordinary non-leftists in the United States.  American politics, many told themselves, had gotten entirely out of hand, but surely cooler heads would eventually prevail.

Charlie Kirk’s murder ended that psychologically comforting delusion for good.  When a young man with a young family is killed in the prime of his life, people sit up and take notice.  When an American is assassinated for his political convictions, otherwise non-political Americans wake up from their apathetic slumber.  When random leftists celebrate murder across social media platforms and mock a young widow’s suffering, even Americans who desperately wish to get along with everyone realize that the country is in peril.

Two months after the leftist-inspired political assassination of Charlie Kirk, it is clear that the country is not healing in any form.  Leftists continue to call for political violence.  Democrat politicians continue to call non-leftists “fascists” and “Nazis.”  Democrat-aligned “journalists” continue to blame Charlie for his own murder.  There is a growing awareness in this country that the whole house of cards precariously holding civil society together could come crashing down with one more violent riot or political assassination.

What happens then is anyone’s guess.  But formerly non-political Americans know that the country’s domestic peace is in serious jeopardy.  Too many Americans seek and cheer violence right now.  Too many Americans are eager for civil war.  If we cannot lower the temperature in this country, Charlie’s murder will presage an unbearable slaughter to come.

This article was originally published on American Thinker.

The post Too Many Americans Want a Civil War appeared first on LewRockwell.

‘I Didn’t Think Anybody Could Be That Evil’

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

The title of this column is a quote from 25-year retired Army Green Beret Lieutenant Colonel Anthony Aguilar. Colonel Aguilar’s missions took him to Iraq, Afghanistan, Tajikistan, Jordan, and the Philippines. He received the Purple Heart for wounds he received in combat. After retiring from the Army, he served as a security contractor in Gaza for UG Solutions, which was contracted to provide security at aid distribution sites operated by the Gaza Humanitarian Foundation. He resigned from his position after approximately two months, citing human rights violations and crimes against humanity being committed by the security agency at the behest of the Israel Defense Forces (IDF).

What Colonel Aguilar witnessed in Gaza by the Israeli military (and the U.S. private contractors under the direction of the IDF) is further evidence of just how vile and wicked the Israel government and its military really are.

Colonel Aguilar was recently interviewed on the AJ+ podcast. Here are excerpts from that interview:

Anthony Aguilar: Never in my life did I think that an army could be so evil as to use food to lure a starving population through a battlefield, killing women and children and the elderly on purpose.

Dena Takruri: I wanted to hear more about how he went from believing he was going to Gaza to help feed Palestinians to realizing the United States was complicit in Israel’s genocide, particularly as a 25-year veteran of the U.S. Army.

So, what did you understand to be the mandate of your mission? What exactly were you going to be doing on the ground there?

Aguilar: What we were told in kind of a general overview briefing before we got on the plane out of Dulles is that the United States stepped forward to take over the United Nations mission because Israel would no longer allow the United Nations in and that Israel will allow the United States to work with them to do it and that we were going in to take over that mission to deliver food.

I envisioned that we would be going in, occupying and securing, or securing at least, 400 distribution sites and securing 500 to 550 trucks a day going in because that’s what the UN did. That was my mindset going in. And I believed that until the very first day I got there, and I realized that that was not the case.

Takruri: Describe to me what you first saw and felt when you arrived to the Gaza Strip.

Aguilar: What I witnessed in that first look as we came in was the most devastating, destructive, beyond war annihilation, apocalyptic thing I’d ever seen in my life. Something that I couldn’t even imagine in a nightmare. Rubble, dogs eating remains of bodies, smoke in the horizon from bombs being dropped, not a building left in sight and everything leveled. It was a landscape of destruction and horror, which I’ve never witnessed before.  And honestly, it made me feel sick.

The Israel Defense Forces were leading us, and they gave us this briefing. They pulled out a giant map that showed operations that were going on. First of all, I didn’t see 400 distribution sites; I saw 4. All of them were in the south, away from the areas that people needed the food. And no one north of the Netzarim Corridor from Gaza could reach these sites. That started to paint a picture to me that this is either horribly planned or there’s something else going on here.

Then when I looked at the sites and I saw the operational graphics on their map—this is an Israeli map that showed that offensive combat operations going on around these sites—these sites were behind the forward line of contact, the front line, if you will, which means the civilians have to cross, have to travel through the fighting to get there. It’s a violation of the Geneva Convention.

Takruri: Why do you think it was designed that way?

Aguilar: It became clear to me that it was designed that way when we got to site one, and I walked up to the berm to stand up on top of the berm to look, and there’s Merkava battle tanks driving through and firing at positions. There’s a battle going on. There’s mortar rounds, there’s artillery rounds. There’s people, thousands of Palestinians lined up along the coastal corridor, the coastal road, because they have nowhere else to go; they live on the beach. They live there in shanty tarp shacks because there’s nowhere else to live because their homes have been destroyed. And there’s this battle going on.

And I look at my map, and I look at that, and I go back, and I talk to the IDF and to the guy in charge, the GHF guy in charge. And I said, “We can’t distribute aid from these sites. We’re going to get a lot of people killed, and it violates Geneva Conventions. We cannot do this.” That was wholly ignored [by the IDF commander]: “We’re going to do it anyway. We’re doing it. It doesn’t matter. We’re fighting Hamas. The Geneva Convention doesn’t apply.”

But then when I saw all the sites, how all the sites were designed this way, it became very clear to me then from seeing the way the sites were designed and how they functioned, that this is forced displacement. The Israeli government, through the Israel defense forces in Gaza, are using food to bait Palestinians to forcefully displace them to the south en masse. And I don’t mean just a couple hundred. I mean, everybody, the entire population.

Takruri: Did it strike you as wrong that the same people that were deliberately starving Palestinians, the Israelis, are now tasked with feeding them?

Aguilar: Morally, ethically, legally, humanitarianly: wrong, wrong, wrong. Yes, it was shockingly wrong to me, which is why in the beginning I thought, “Do these people just not know what they’re doing? Or this can’t be intentional.” But what came to my realization, and it came to me very hard, is that this is intentional.

Takruri: Why did you initially think it’s not intentional?

Aguilar: Because I didn’t think anybody could be that evil. [Emphasis added]

Takruri: So, in your interactions with personnel from the IDF, how did they describe what they were doing? Or how did they talk about the Palestinians that they were purportedly feeding?

Aguilar: The Israelis did not want to feed the Palestinians. From the very bottom level, IDF soldiers in Gaza that I talked to that are in Gaza, in the war, they asked me flat out one day, clearly, “Why are you feeding our enemy?” I was like, “Well, we’re feeding the civilians.” “No, they’re all our enemy. You are feeding our enemy.” I was like, “Women, children, old men and women?” “Yeah, they’re all the enemy. Every Palestinian is our enemy.” That’s how they saw it.

But they also referred to them as animals. They called them zombies. They referred to the groups of the Palestinians where they’d come to the sites as “the zombie horde,” dehumanizing them, not providing them water, shooting at them to get them to move a certain way like they’re animals in a cage. It’s horrible.

Takruri: And was this perspective of dehumanization also evident in the GHF members that you were working with as well, your colleagues?

Aguilar: Absolutely. The American contractor who’s in charge of the entire security plan for armed Americans being in Gaza is the national president of the Infidels Motorcycle Club, a US-based veterans motorcycle club. The charter of their organization is to fight jihad and the elimination of all Muslims from the earth. This is the guy in charge of the armed security for delivering food into Gaza to a predominantly Arab Muslim population.

Takruri: Other than these sort of ideological motivations for going to Gaza, were contractors with GHF well compensated?

Aguilar: Well, this type of work is very lucrative. So, for all of us and what we were getting paid: $1,320 a day. So, if you’re there making that much money…and that was just the run-of-the-mill person. If you’re in a leadership position, site leader, mobile leader, you’re making $1,600 a day.

[For that much money] you can just look the other way, say, “This isn’t my problem. No one’s going to know.”

These guys are going to go there, and they’re going to get rich, and they’re going to come home with $300,000 after four or five months of work. Can you imagine only having to work five months out of the year and being rich doing it? It’s a lot of money.

Not to mention the people that run the contract, they’re making millions. Millions. This future Gaza Riviera resort plan is going to make people billions.

This is about money, which is really the sickening, sickening part of this. This isn’t about Hamas. This isn’t about religion. This isn’t about who owns the land. This is about money. And it’s disgusting.

Takruri: I did want to ask you, what is your reaction to the leaked Trump Gaza Riviera plan, which calls for the reconstruction of Gaza as an investment and manufacturing hub? And Boston Consulting Group, which also worked on the plan for deploying GHF, is involved. Do you think GHF should be involved in this plan to turn Gaza into a U.S. territory?

Aguilar: So, in the main control center, where the operations are, on the wall in that main control center, is a large poster of a Boston Consulting Group rendering of the future industrial complex resort. That rendering is on the wall in the control center at Kerem Shalom for the GHF. The GHF is not a humanitarian organization. And they don’t care. They are there to stake property.

Takruri: At what point did you decide that you could no longer have any part to do with it?  

Aguilar: On the 8th of June, I was in the control center and outside of Kerem Shalom, and we were distributing at site number two. And I’m in the control room watching it on the screen. The crowd was very, very packed in there, very packed. And people were being crushed up against concrete walls inside of the sites that were lined with barbed wire, this razor wire, and people were getting crushed up against it.

So, there was a Palestinian man in the crowd who lifted these children up because they were getting trampled and crushed; they were small. And the Israel Defense Force liaison officer, a senior ranking officer in the Israel Defense Force who is in our operations center, looks at the screen, and he says, “Get them off of there right now.” And so, I’m looking at the same thing he’s looking at. I’m like, “Well, the security on the ground there, they’re addressing it. They’re dealing with it. But I mean, these are children. Calm down. These are children.”

“Get them off of there. That’s not secure. Get them off,” the IDF officer said.

I was like, “They’re children. They have no shoes on. They don’t have any weapons. There’s nothing in their hands at all. One of the children doesn’t even have a shirt. Calm down.”

He walks back to his desk, gets on the radio with his forces, and then he comes back over to where I’m standing, and there was an American in our operations center that understood and could speak Hebrew a little bit. And he says to me, “He just said on the radio for his snipers to shoot them down.”

So, when this officer came back, I asked, “Did you just order your snipers at site number two to shoot these kids?” He said, “Well, if you’re not going to take care of it, I will.” And I said, “We’re not shooting children.”

As we were having this dialogue, the children had run off to the edge of this wall, and they jumped down so they could run away. They were scared. They didn’t want to be there. Thank God we didn’t have to see what would have come.

But in that moment, the Safe Reach Solutions contract lead, the boss if you will, who was in the operations center, called me over and he said, “Tony, never say no to the client.” And I said, “What do you mean don’t say no to the client?” He said, “The IDF are our client. We work for them. They’re in charge.” And I was like, “Even when they say to kill children?” He said, “What decisions they make and how they want to fight this war, who they decide to kill or not is not our decision. This is a contract. This is business. Don’t say no to our client.”

Takruri: And did you step down at that point?

Aguilar: I told him at that point, I said, “I’m done.”

Takruri: How many people do you understand to have been killed at these GHF sites up until now?

Aguilar: From the beginning of operations, 26 May, until today, thousands. Not only the hundreds and hundreds into the magnitude of thousands that have been reported by the U.N. and Médecins Sans Frontières and others at the Nasser Hospital and the Khan Younis hospitals directly near these sites receiving about MCI, or mass casualty incidents, on the days that correlate to the same times and dates of distribution. But there are hundreds of bodies buried outside of these sites that have just been buried in the rubble, bulldozed and buried in the ground.

Takruri: So, what do you want Americans to know as one of the few Americans who has been to Gaza during this genocide?

Aguilar: The United States is hand in glove with the Israeli government in committing a genocide. What is happening in Gaza is not a misfortune of war. It is designed: the displacement, the removal, the destruction, the ethnic cleansing, the genocide. It is by design.

Wake up, America. If we stand by and we allow it to happen there, it’s going to happen here.

Folks, there you have it: a first-hand eyewitness account of not only the brutality and sheer wanton genocidal murder of the Palestinian people by the Israelis but also the direct, on-the-ground complicity of U.S. private contractors. Of course, this is in addition to the billions of dollars of U.S. technology, surveillance systems, military equipment, intelligence, naval battle groups, bombs, missiles, jets and other munitions, along with direct CIA support and assistance.

We’re talking about billions of dollars from the U.S. government, billions of dollars from high-tech companies in the United States and hundreds of millions of dollars from the private billionaire class all designed to annihilate millions of innocent people from their homeland so the billionaire class (mostly Zionists) can create a Riviera on the Mediterranean—a Las Vegas on the Sea—from which the Jared Kushners, Steve Witkoffs, Miriam Adelsons and Donald Trumps of the world can rake in billions more in blood money into their corrupt coffers.

In my message last Sunday entitled No “Christian” Can Continue To Support The State Of Israel, I said the following:

The last two years have exposed the Israeli state for who and what it really is.

The entire world sees the total depravity of behavior, the utter lack of moral consciousness, the astonishing degree of racial supremacy on public display in Israel.

Two years of ethnic cleansing; two years of mass murder; two years of mass starvation; two years of genocide; two years of lies and deceit; two years of political manipulation; two years of Israeli domination of the presidents and legislatures of the United States and Western Europe; two years of an out-of-control, rogue Israeli state are now crystal clear.

Now, we learn of just how depraved and degenerated the Israeli mind really is: And it shocks the senses!

Journalist Max Blumenthal (who is himself Jewish) has reported the details of this latest Israeli atrocity. I’m paraphrasing Max:

An Israeli Army unit repeatedly raped a Palestinian civilian man—a man who had no connection to Hamas—in an Israeli prison in the Negev desert. The soldiers recorded the serial rape of this man on camera.

A female Israeli general, the army’s legal attaché, was unable to prosecute the rapists because there were national pro-rape riots across Israel consisting of army reservists who besieged Israeli army bases and staged a rebellion, breaking into army bases demanding the rapists had done nothing wrong.

And the military leadership let these guys go free.

One of them, the key rapist, actually went on national TV and appeared on talk shows as a kind of national folk hero and a victim.

She [the legal attaché] was so frustrated that she leaked the video.

Israel and the U.S. media and politicians in both parties accused Hamas of sexually abusing Israelis on October 7th. And not one of those allegations has been validated by any forensic evidence at all. No evidence!

But here we have the sick psychopaths in the Israeli army literally filming themselves serially raping this innocent Palestinian man, and Netanyahu’s only concern about the event is that the incident is bad public relations for Israel.

The lady general who released the video to the public has been arrested and will go to prison, while the rapists are free to live their lives with ZERO accountability or retribution.

Blumenthal: This scandal should illustrate just how deeply depraved and sick Israel is and how corrupt its political system is.

It’s illustrative of the entire Zionist worldview, where for two years we’ve watched them commit genocide, carry out a holocaust of children across the Gaza Strip, deliberately starve people, and now they’re playing the victim because people are rejecting their political worldview, rejecting Israel.

And in this case, we have footage, documented footage, indisputable, that no one denies, not Netanyahu, not even these soldiers, of the rape of an innocent Palestinian male prisoner who was kidnapped from the Gaza Strip.

OK. ENOUGH!

Enough: “The Israelis are God’s chosen people” claptrap.

Enough: “We must bless Israel to receive God’s blessing” gobbledygook.

Enough: “Zionist Israel is the fulfillment of Bible prophecy” hogwash.

ENOUGH! ENOUGH! ENOUGH! ENOUGH!

Evangelicals who are still determined to support the satanic State of Israel are NOT “Christians.”

By that, I mean they are not resembling the character and person of Christ; they are not following the teachings of Christ. In attitudes, words and actions, they cannot be called “followers of Christ.”

And here’s the stark reality: People all over the world do not see these evangelicals as Christians. They see these evangelical Zionists as phonies and puppets, which is exactly what they are.

Add Blumenthal’s report to the eyewitness testimony of Colonel Aguilar, and the only people who do not see the sheer evil emanating from inside Tel Aviv, Israel and Washington, D.C., USA, are people who don’t WANT to see.

Hear again what Colonel Aguilar said: “Wake up, America. If we stand by and we allow it to happen there, it’s going to happen here.”

A man without moral conscience and human empathy (Donald Trump)—who doesn’t blink an eye at murdering people in Gaza, the West Bank, Iran, Iraq, Syria and Lebanon, who doesn’t blink an eye at murdering people in the waters of the Caribbean Sea—won’t blink an eye at murdering U.S. citizens on the streets of America.

Reprinted with permission from Chuck Baldwin Live.

The post ‘I Didn’t Think Anybody Could Be That Evil’ appeared first on LewRockwell.

Why Governments Will Always Borrow Against the Future

Lew Rockwell Institute - Mar, 18/11/2025 - 05:01

Abstract:
The contemporary fascination with a so-called “Bitcoin Standard” rests on the same utopian fantasy that once sustained the Gold Standard—that monetary scarcity can restrain political excess. This essay dismantles that illusion. Through historical analysis of the American experience from 1921 to 1971, and a critical exploration of modern fiscal theory, it argues that the problem of government overspending lies not in the nature of money, but in the nature of governance itself. States do not “print” in the naïve sense of creating currency without backing; they borrow, they bond, and they spend the unearned wealth of future generations. Whether denominated in gold, fiat, or digital tokens, the principle remains: borrowing is justified only when it produces tangible, growth-generating returns. Infrastructure investment, by expanding productive capacity, meets that criterion. Ideological boondoggles, designed for political gratification rather than economic yield, do not. A Bitcoin-backed regime would not neutralise state debt—it would merely gild it with cryptographic rhetoric before the inevitable default.

Thesis Statement:
A Bitcoin Standard would neither prevent deficit spending nor enforce fiscal discipline. It would replicate the structural failures of the Gold Standard, revealing once again that monetary systems cannot cure political irresponsibility. Sound economics arises from productive investment, not ideological austerity or speculative scarcity.

Section I — The Fetish of the Standard

Civilisations invent standards when they lose faith in themselves. The standard is the moral prosthetic of a bankrupt culture, a totem erected in the ruins of trust. When men no longer believe in the integrity of their institutions, they seek refuge in metal or code, mistaking mechanical certainty for virtue. The gold standard, and now the fantasy of a Bitcoin standard, both emerge from the same intellectual poverty — the hope that scarcity can substitute for discipline.

The nineteenth century worshipped gold as the embodiment of order. Its adherents believed that tethering money to a finite metal would chain the ambitions of politicians and the appetites of mobs. The faith was theological: gold was immutable, incorruptible, and therefore, by extension, moral. Yet history is unkind to those who mistake symbols for systems. Every empire that swore fidelity to its metallic god quietly betrayed it when power demanded flexibility. The standard remained in rhetoric long after it had been broken in practice. When the ledger conflicted with the sword, the sword always won.

The modern cult of Bitcoin repeats the same catechism, only now in binary form. Instead of divine metal, there is divine mathematics. Instead of vaults, ledgers. Instead of priests, programmers. The narrative is identical: scarcity will purify the system; code will banish corruption. Yet scarcity does not civilise—it merely constrains. And code, like law, is only as incorruptible as the people who execute it. To believe otherwise is to mistake cryptography for character.

The fetish of the standard endures because it absolves responsibility. It allows men to imagine that moral failure can be corrected by mechanism. A politician can promise rectitude without reform; an economist can preach restraint without courage. Both can appeal to an external order to justify their weakness. The standard becomes a moral surrogate, an instrument of denial wrapped in the language of discipline.

Under the gold standard, nations inflated through debt while denouncing inflation in speech. The mechanism of deceit was simple: borrow abroad, spend domestically, and swear that redemption remained sacred—until it wasn’t. Gold never failed them; they failed gold. The same dynamic will haunt any Bitcoin-based regime. Governments will borrow against future Bitcoin flows, issue bonds indexed to digital reserves, and construct a labyrinth of derivatives to simulate liquidity. When reality intrudes, they will call it “temporary suspension,” just as Nixon did in 1971. And another generation will learn that scarcity without integrity is merely a slower road to default.

The moral allure of the standard lies in its false promise of objectivity. It whispers that numbers can tame men, that mathematics can impose virtue on vice. But economics is not a physics of atoms; it is a politics of appetites. The state does not violate standards because they are weak—it violates them because survival demands it. A fixed supply cannot withstand a variable will.

Thus the Bitcoin standard is not revolutionary; it is recursive. It is the latest costume of an old delusion: that systems, once made rigid, will make men righteous. The truth is less elegant and infinitely harder—discipline is not a consequence of scarcity; it is a product of moral and intellectual strength. Gold failed to bestow it. Bitcoin will too.

Section II — The Mechanics of Debt: Printing Without Presses

The image of governments “printing money” is a rhetorical ghost that refuses to die. It conjures visions of reckless bureaucrats flooding the economy with worthless paper, spinning inflation from ink. The truth, however, is far more subtle—and far more insidious. Modern states do not print; they borrow. They transform promises into liquidity, pledging the future to sustain the present. Debt, not the printing press, is the engine of contemporary money creation.

When a government announces new spending, it does not conjure cash from the ether. It issues bonds. Those bonds are bought by institutions, banks, pension funds, and increasingly by the central bank itself. Each bond is a certificate of faith—faith that tomorrow’s taxpayers will honour yesterday’s ambitions. The state thus becomes a conduit for temporal arbitrage: it spends today what it claims it will earn tomorrow. This sleight of hand is the modern alchemy of finance. And like all alchemy, it is sustained by belief.

Central banks operationalise this ritual. When they “expand the money supply,” they are not pushing buttons to mint coins; they are buying government debt, placing those bonds on their balance sheets in exchange for new reserves. These reserves, in turn, ripple through commercial banks as lending capacity, multiplying into credit, investment, and speculation. The entire system rests on the assumption that growth will outpace obligation—that the future will be richer than the past, and thus the debt can be serviced. It is not money that sustains the system, but confidence.

Even under a Bitcoin standard, this process would persist. A government could peg its currency to Bitcoin, claim a fixed supply, and yet continue to issue bonds denominated in Bitcoin units. Investors, lured by yield, would still lend. Banks would still leverage deposits into layered credit instruments. The system would still inflate—not by printing, but by promising. Monetary purity cannot abolish temporal preference. A digital reserve merely changes the vocabulary of deceit.

This is why the inflation debate so often misfires. Inflation is not the consequence of “money printing” but of systemic borrowing against productivity that does not yet exist. When the borrowed funds build roads, energy networks, and productive infrastructure, they seed future returns capable of repaying the debt. When they finance consumption, political patronage, or subsidies that generate no growth, they cannibalise the very economy that must redeem them. Inflation, then, is not a monetary failure—it is a moral one. It is the symptom of a civilisation that spends not to build but to appease.

During the so-called sound-money eras—the gold standard, Bretton Woods, even the early years of fiat—the same mechanism prevailed. The United States financed wars, public works, and global expansion through debt. Gold was the decorative myth, the psychological anchor. The dollar’s credibility rested not on the contents of Fort Knox but on the productivity of the American economy. When that productivity faltered and the liabilities grew intolerable, the peg dissolved. The paper endured because the myth was replaced by another: that fiat itself could embody trust.

Bitcoin’s advocates imagine that immutable code will succeed where gold failed. But mathematics cannot restrain politics. The government that cannot borrow will tax; the one that cannot tax will seize. Power finds its liquidity. Whether through treasury bonds, digital instruments, or backdoor derivatives, the machinery of credit will persist because the machinery of ambition never ceases. To think otherwise is to confuse the protocol for the polity.

The phrase “printing money” survives because it flatters indignation. It gives the illusion that corruption lies in the mechanism, not the motive. Yet the printing press is a relic; the bond auction is the true altar of excess. Nations collapse not because they print too much, but because they promise too much—and lack the courage to stop. Bitcoin will not change this arithmetic. Scarcity cannot sanctify deceit.

Section III — Keynes and the Paradox of Productive Deficit

Few economic thinkers have been more misunderstood than John Maynard Keynes. To his disciples, he became the prophet of spending; to his enemies, the architect of moral decay. Both readings are caricatures. Keynes never preached excess for its own sake. His argument was simple and devastating: when private demand collapses, the state must spend—not to indulge consumption, but to sustain the machinery of production until confidence returns. His doctrine was one of temporary intervention, not permanent dependency.

At its core, Keynesianism was an argument about investment. Deficit spending was justified only when it built the conditions for future surplus. The concept of “the multiplier” was not a licence for profligacy; it was an accounting of return. Each pound borrowed was to yield more than a pound in output, through the restoration of employment and the expansion of productive capacity. The end was growth, not indulgence. The error of later governments was to mistake this emergency medicine for a diet.

The post-war consensus distorted Keynes into a bureaucratic idol. Politicians found in his name a rationalisation for perpetual deficit—a policy of pleasure without pain, borrowing without consequence. They ignored the distinction between capital expenditure and current expenditure. Building a bridge was productive: it connected markets, accelerated trade, and multiplied returns. Expanding welfare without reform was parasitic: it consumed output without creating new value. One increased the capacity of the economy to repay its debts; the other merely redistributed the burden.

Keynes’s actual warning was moral, not mathematical. He wrote that “the boom, not the slump, is the right time for austerity.” His philosophy depended on reciprocity—the willingness of governments to save in prosperity what they spent in crisis. But the modern state, addicted to electoral gratification, inverted the principle. Spending became the norm, restraint the anomaly. Every administration promised growth through generosity, not through discipline. Deficit became destiny.

Under such conditions, the deficit ceases to be Keynesian and becomes decadent. When money is borrowed to consume rather than to create, debt no longer serves the economy—it devours it. The productive deficit transforms into the unproductive one: the infrastructure of tomorrow is replaced by the appeasement of today. Subsidised idleness masquerades as compassion; temporary stimulus becomes permanent entitlement. The ledger swells, while output stagnates.

This degeneration is not merely fiscal—it is philosophical. It reveals the abandonment of the causal relationship between effort and reward. A society that borrows for comfort rather than construction loses the moral logic of credit itself. The promise to repay is credible only when what is built yields more than what is spent. Once the purpose of debt becomes political tranquillity, the bond market becomes a mirror of decay.

This distinction—between debt that seeds growth and debt that smothers it—remains the fulcrum of economic integrity. Infrastructure spending, when directed toward projects that unlock productivity, is not wasteful; it is the temporal bridge between potential and performance. A rail network, a power grid, a port—these are engines of compounding utility. They transform labour into leverage. Their debt is repaid not through taxation, but through prosperity.

The opposite holds for ideological projects. Bureaucratic make-work, social redistribution without reform, and vanity subsidies erode both fiscal balance and moral coherence. They feed dependency under the banner of equality, and debt under the illusion of progress. The political left, intoxicated by compassion, calls this justice. The right, terrified of consequence, dares not oppose it. The result is bipartisan insolvency.

Thus, the paradox of productive deficit: debt, used rightly, is civilisation’s accelerator; used wrongly, its executioner. Keynes understood this. His intellectual heirs did not. They took the language of growth and filled it with sentiment. They mistook liquidity for wealth, redistribution for recovery, and permanence for stability. The state became a consumer of capital rather than its steward.

A Bitcoin or gold-backed economy would not change this pattern. It would merely compress the timeline of failure. When the government borrows under a hard standard, the limits appear sooner, but the psychology remains identical. The moral question is not what backs the currency, but what justifies the debt. The ledger can be honest only when purpose is.

Keynes’s original sin was not in his theory but in his followers. He believed in intervention; they believed in indulgence. He sought to preserve capitalism; they used him to dilute it. A century later, his ghost haunts every treasury and parliament that borrows for applause. The paradox endures: a system designed to prevent collapse became the blueprint for perpetual decline.

Read the Whole Article

The post Why Governments Will Always Borrow Against the Future appeared first on LewRockwell.

Condividi contenuti