Category Archives: Trump

The United States of Terror!

Two recent articles* have again demonstrated that the greatest “terrorist” entity on earth is not the bogymen – Russia, China, Iran, North Korea – so often portrayed by Western presstitudes and the American government, but the United States itself! Ever since World War II, the US has been the most militaristic, far surpassing all of the Communist and dictatorial regimes combined.

Some startling and rarely reported facts:

Currently, the US drops on someone or something a deadly explosive once every12 minutes

W. Bush’s military dropped 70,000 bombs on five different nations during his murderous regime

Nobel Peace Prize recipient, Barrack Obomber, launched 100,000 bombs on seven countries

Funding this mass murder is a reportedly $21 trillion (!) that is unaccounted for in the Pentagon’s coffers

Despite all of the “America First” bluster at the start of the Trump Administration, little has changed but, in fact, things have escalated. While G.W. Bush in his wicked eight years dropped over 24 bombs per day and his successor upped that total to 34 bombs per day, the current Bomber-in-Chief has, in his first year in office, averaged 121 bombs per day! For the initial year of his Presidency, 44,000 bombs were dropped on people and lands despite the fact that the US is not officially at war with a single country!

Despite these grisly statistics, which are hardly ever reported by the mainstream press, the military industrial complex and the controlled Western media outlets have propagated the lie of “precision bombing.” Precision bombing has been trumpeted to minimize the effect of US aggression to the public that only true belligerents are targeted and not innocents.

When US bombing is reported by the press, the actual casualties and property damage are never accurately given. The most notorious example of this mendacity was the coverage of Bush II’s Iraq war. “The US and its allies ruthlessly carpet-bombed Iraq,” a UN report acknowledged, “reducing it from ‘a rather highly urbanized and mechanized society’ to a ‘pre-industrial age nation.’”

Later accounts of what actually happened showed that “only seven percent of the 88,500 tons of bombs and missiles devastating Iraq were ‘precision weapons.’”

Yet, it is hypocritical US policy makers that call certain regimes “rogue” and/or “terrorist” while their own defense budget is set at $700 billion to increase next year by $16 billion. Yes, more taxes extorted from the public for the pulverization of peoples and their homes across the globe!

Even if these statistics were of common knowledge, do not look for things to change. The majority of the American public loves its military and government and has been conditioned to overlook and accept nearly all of its military engagements and the propaganda that attempts to justify them.

What must change is ideology which, at one time, was strongly anti-interventionist, but gradually became pro-war. Through education, the press, books, and the electronic media, the intelligentsia was able to manipulate public opinion. Americans began to glorify war under the guise of spreading democracy and “freedom” to everyone, whether they wanted it or not.

Under current ideological conditions, a reversal of thinking to a non-interventionist foreign policy is not likely. The only way that the nation’s rampaging foreign policy will be checked is through an economic collapse or a severe dollar crisis, the latter of which would end the greenback’s status as the world’s reserve currency.

If America no longer has the means to fund its military around the world, its imperialism will quickly come to an end. It is extremely burdensome on a domestic economy to maintain a global empire and one that is actively engaged in costly military operations. If the nation’s economy severely contracts or the dollar can no longer be printed with impunity, the bombing of other peoples and political involvement in overseas affairs would have to cease, or be drastically curtailed. A historical example of this is Great Britain after WWII.

As it stands now, only financial calamity will bring down the world’s foremost terrorist state. If such a scenario comes about, the US may become the recipient of the destruction, loss of life, and mayhem it has unleashed upon the world.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

*Tyler Durden, “America’s Military Drops a Bomb Every 12 Minutes, and No One is Talking About it.” Zero Hedge, 6 June 2018, *https://antoniusaquinas.com https://www.zerohedge.com/news/2018-06-22/trumps-military-drops-bomb-every-12-minutes-and-no-one-talking-about-it

Tyler Durden, Debunking the Persistent Myth of U.S. Precision Bombing,” Zero Hedge. 23 June 2018, https://www.zerohedge.com/news/2018-06-23/debunking-persistent-myth-us-precision-bombing

“Strong Dollar,” “Weak Dollar,” What About a Gold-Backed Dollar?

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The recent hullabaloo among President Trump’s top monetary officials about the Administration’s “dollar policy” is just the start of what will likely be the first of many contradictory pronoucements and reversals which will take place in the coming months/years as the world’s reserve currency continues to be compromised. So far, the Greenback has had its worst start since 1987, the year of a major stock market reset.

The brief firestorm was set off by Treasury Secretary Steven Mnuchin who said in response to the dollar’s recent slide, “Obviously, a weaker dollar is good for us, it’s good because it has to do with trade and opportunities.”* Mnuchin backtracked a bit as international financial leaders criticized the apparent shift in policy while Administration officials sought to clarify the Secretary’s remarks. President Trump weighted in on the matter saying, “Ultimately, I want to see a strong dollar” and added that Mnuchin’s comments were “taken out of context.”

While President Trump sought to allay jittery currency markets that monetary policy had not changed, candidate Trump supported the Federal Reserve’s suppression of interest rates and did not want to see a rising dollar:

I must be honest, I’m a low interest rate

person. If we raise rates and if the

dollar starts getting too strong, we’re going

to have some very major problems.**

Of course, the entire uproar about a strong dollar versus weak dollar is a sham. When the dollar (and for that matter all other national currencies) cannot be redeemed for either gold or silver, it is inherently “weak” and ultimately worthless. That this obvious fact is not recognized by the Trump Administration, international monetary authorities, and the financial press demonstrates just how unstable the dollar and world currencies actually are.

If President Trump truly wants to see a strong dollar that will become a linchpin in “making America great again,” he should enact policies that will return the dollar to its original function – a warehouse receipt that can be redeemed for precious metals. Just as important, an authentic strong dollar policy would mean that no dollar can be created that did not have “an equal amount” of gold/silver in bank vaults – in essence a 100% gold dollar. These two acts would guarantee a strong dollar and insure that the dollar would remain the world’s reserve currency. Moreover, a fully redeemable dollar would likely lead to other nations adopting similar measures.

A gold-backed dollar would also head off China’s not too subtle attempt at replacement of the Greenback with the Yuan as the world’s reserve currency. Its “Belt & Road Initiative,” its massive accumulation of gold, and other actions are all aimed at making the Yuan the dominant world currency which, if successful, will have catastrophic financial repercussions for the US and Western Europe.

Gold-backed money will not only have positive international effects, but domestic benefits as well. Crippling price inflation that has been intentionally under reported by government statistics will be a thing of the past. Prices in a gold-backed currency will actually fall, raising living standards for everyone.

Without the ability of the Federal Reserve to create money out of thin air, the massive federal budget deficits would have to be dealt with. And, without the Fed’s purchasing of US debt, the government would be forced to make cuts in spending. Spending cuts would have to be deep and across the board.

Happily, under such a scenario, reduction in spending would mean a pull back in the American Empire. The US would simply not have the resources to maintain bases abroad or involve itself in the countless conflicts and wars it is now engaged in. It is more likely that when the American Empire comes to an end, it will not be because of a military defeat, but because it can no longer be sustained financially.

Sadly, under current ideological conditions, a return to gold money is not on the financial horizon. It will most likely take a collapse of the irredeemable paper monetary system before commodity-backed money is re-established as a general medium of exchange.

It is clear from the recent exchange among Trump Administration financial officers that the same dollar policy will continue, which will lead to an inevitable dollar crisis and certain political disaster for the President.

* “Trump Wades Into the Currency Uproar, Favours ‘Strong Dollar,’ Government & Economy.” Brit Asian News 26 January 2018. http://britasiannews.com/en/2018/01/25/trump-wades-into-currency-uproar-favours-strong-dollar-government-economy/

**Inflation Alert: Trump Also favors Low Interest Rates, Weak Dollar.” Weekly Market Wrap. 6 May 2016. https://www.moneymetals.com/podcasts/2016/05/06/trump-supports-weak-dollar-000864

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

What President Trump and the West Can Learn from China

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Trump Trip China

Instead of a demonstration of its overwhelming military might intended to intimidate tiny North Korea and pressure China to lean on its defiant communist neighbor, President Trump and the West should try to learn a few things from China.

The President’s trip to the Far East came on the heels of the completion of China’s 19^th National Congress where the current president, Xi Jinping, has cunningly positioned himself as China’s unchallenged leader. In an address at the opening of the Congress, Xi cautioned that the country faced “challenges” that are “extremely grim” yet, despite these, the nation’s future is “extremely bright.”*

While Western politicos and pundits bemoan the lack of political pluralism that exists within China and President Trump complained about bad trade “deals,” they miss an important factor as to why China has transformed itself from a socialist basket case some three decades ago into an economic powerhouse which now boasts over a third of the world’s billionaires!

China’s economic ascendancy can be attributed not only to the implementation of market reforms in the 1990s, but also its lack of “political competition.” As a one-party state, resources, time, energy, and capital are not allowed to be channeled into wasteful political processes, but instead are used and “invested” in wealth-creation activities – construction, factories, plants, equipment, research, technology – all of which leads to more and cheaper consumer goods.

The US and the West spend too much on elections, campaigns, polling, political consultation, etc., which diverts scarce resources away from the private wealth sectors of society. For example, in her last failed presidential campaign run, the Wicked Witch of Chappaqua alone spent over a half of billion dollars.

Under Western democratic pluralism, public debt and state spending have increased to unsustainable levels. In the US alone – history’s greatest debtor nation – the national debt is in excess of $20 trillion, while its total debt officially is $68 billion with a federal deficit (GAAP) running yearly at $5 ½ trillion.

Such staggering numbers are the result, in part, from political parties seeking public office and once elected exploiting their position to enrich themselves, their constituents, and create dependent classes among the ever shrinking productive segments of society.

China’s foreign policy – an extension of politics – has also been conducive for wealth creation. Instead of wasteful spending on military hardware, the maintenance of a far-flung global empire, and involvement in incessant wars, China has a rather meek military compared to its national income and has conducted a pretty much non-interventionist foreign policy – witness its diplomacy with North Korea.

The US is almost the polar opposite. It spends more on “defense” than the next eight countries combined.** Instead of the production of useful consumer goods, billions are siphoned off into the military/security industrial complex. Not only does this impoverish Americans at home, but it leads to never ending involvement in wars, conflicts, and disputes, most of which are created or exacerbated by US spy organizations.

Def spending

After meeting with Chinese leadership, President Trump tweeted:

I don’t blame China, I blame the incompetence

of past Admins for allowing China to take advantage

of the U.S. on trade leading up to a point where the

U.S. is losing $100’s of billions. How can you blame

China for taking advantage of people that had no clue?

I would’ve done the same!

Making better trade deals will not revitalize the moribund US economy. Instead, there should be less politicization of society and adoption of market reforms as China has done. The most important plank of such a policy would be the encouragement of real savings – not the creation of bank credit – through the normalization of interest rates. This would begin the arduous process of capital accumulation, the basis upon which any economy can be built.

Another sign of the divergence between the two is China’s continued push to make the yuan the world’s reserve currency with apparently some sort of gold backing to it. Contrarily, the Trump Administration has continued the same disastrous policies of its predecessors and has chosen a Janet Yellen clone to head the Federal Reserve with a continuation, no doubt, of the suppression of interest rates. On the other hand, China continues to import massive quantities of gold and encourages its citizens to own the yellow metal while the West is in the midst of a crypto currency mania, another fraudulent monetary scheme.

China’s economic miracle, while certainly impressive, would not look as astounding if Western economies had not been in a state of stagnation and decline over the past half century. It was not political liberalization that led to China’s phenomenal growth, but economic freedom which used to be a staple of Western life. The lesson that should be taken from President Trump’s trip is less politics domestically and more free markets.

*Chris Buckley, “Xi Jinping Opens China’s Party Congress, His Hold Tighter Than Ever.” The New York Times, 17 October 2017. https://www.nytimes.com/2017/10/17/world/asia/xi-jinping-communist-party-china.html

**Peter G. Peterson Foundation. “US Defense Spending Compared to Other Countries.” 1 June 2017. https://www.pgpf.org/chart-archive/0053_defense-comparison

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

Donald Trump: Warmonger-in-Chief!

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Trump Warmonger

If a world conflagration, God forbid, should break out during the Trump Administration, its genesis will not be too hard to discover: the thin-skinned, immature, shallow, doofus which currently resides in the Oval Office!

This past week, the Donald has continued his bellicose talk with both veiled and explicit threats against purported American adversaries throughout the world. In a cryptic exchange with reporters during a dinner with military leaders, he quipped:

You guys know what this represents?

Maybe it’s the calm before the storm. It could be the

calm. . . before. . . the storm.*

A reporter asked if he meant Iran or Isis which the POTUS responded, “you’ll find out.” Instead of threatening supposed overseas foes with nuclear annihilation, none of whom have taken any concrete military action against the US, why not go after someone who has actually compromised the country’s security, namely Hillary Rodham Clinton!

While some dismissed the comments as typical Trumpian bluster, White House press secretary Sarah Sanders added further ominous overtones when questioned saying they were “extremely serious.”

Later in the week, Trump continued to threaten tiny North Korea, this time in not so veiled terms:

Presidents and their administrations have been talking to North Korea for 25 years,

agreements made and massive amounts of money paid hasn’t worked, agreements

violated before the ink was dry, making fools of U.S. negotiators. Sorry, but only

one thing will work.**

If war erupts either on the Korean Peninsula or in any other part of the globe that the U.S has wantonly poked its nose into, it can be safely assured that neither Trump nor any of the other “military leaders,” with which he recently had dinner with, will be in the midst of hostilities as the bombs and bullets are being cast about. No, these laptop bombers will be in safe quarters far away from enemy lines, giving orders, making speeches, and praising the troops while Congress will be hurriedly passing more “defense” funding legislation further lining the pockets of the military industrial complex.

The Warmonger-in-Chief, who has repeatedly bragged about America’s military prowess, had a chance to become a part of the organization he constantly gushes over during his youth at the time of the Vietnam War. Yet, he escaped military service, due to the machinations of his father, because of a mysterious foot/toe malady.

For all those who avoided being conscripted into America’s disastrous imperial exercise in Southeast Asia during those years, whether it was from phony medical conditions, escaping to Canada or beyond, or going to jail, they did so for justifiable reasons. The war was immoral, since Vietnam had taken no hostile action against the US and what made it worse, the government drafted thousands of America’s youth to fight it. It is reprehensible that those who got out of military service then are now at the forefront in advocating mass murder (war).

One resolution that would certainly curtail warmongering in the future would be that any legislator, president, cabinet officer, or ambassador that promotes military intervention abroad should be required to directly participate in field operations. This would quickly put the brakes on threatening talk from the likes of Trump and his crazed UN Ambassador, Nikki Haley.

A country’s leadership personally conducting military operations has had a long tradition in Western history. During the crusading era, princes and kings led their retinues and forces into battle risking life and limb such as the great Norman prince, Bohemond, whose courage, tenacity, and military acumen won the day for Christian forces at the battle of Antioch.

Bohemond

This venerable ideal can still be seen in Russia when recently one of its generals and two colonels lost their lives in the Syrian quagmire.*** When was the last time a US general has perished in active combat?

It is apparent that the current POTUS does not understand the catastrophic consequences of what his threats, if carried out, would lead to – death to millions, unimaginable destruction, and the end of civilization. Maybe, had he actually suffered through the horrors of combat or had been the victim of US aggression as the peoples of North Korea, Vietnam and Iraq have witnessed, he might refrain from such bellicose language.

Hopefully, cooler heads in the Administration will prevail, however, a more peaceful world is unlikely with the likes of Donald John Trump at the command of the greatest destructive force in human history.

*Tyler Durden, “President Trump Warns Ominously: ‘It’s the Calm Before the Storm.'” Zero Hedge. 6 October 2017. http://www.zerohedge.com/news/2017-10-05/president-trump-warns-ominously-its-calm-storm

**Tyler Durden, “Trump Hints at War With North Korea: ‘Sorry, But Only One Thing Will Work.'” Zero Hedge. 7 October 2017. http://www.zerohedge.com/news/2017-10-07/trump-hints-war-north-korea-after-25-years-failed-diplomacy-only-one-thing-will-work

***Alexander, “General Asapov Died Because as a Russian Officer He Led From the Front.” Russia Feed. 30 September 2017. https://www.lewrockwell.com/2017/09/no_author/general-asapov-died-because-as-a-russian-officer-he-led-from-the-front/

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

The United States of Hubris

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If anyone should have any questions about whether the United States of America is not the most aggressive, warlike, and terroristic nation on the face of the earth, its latest proposed action against the supposed rogue state of North Korea should allay any such doubts.

Last week, the US circulated a draft resolution which it intends to present to the UN Security Council that would give the American Navy and Air Force the power to interdict North Korean ships at sea to determine if they were transporting “weaponry material” or fuel and that US forces would be given “the right” to use “all necessary measures” to “enforce compliance.”*

Not surprisingly, Nikky Haley, the blood-thirsty and incompetent American Ambassador to the UN, has enthusiastically backed the resolution, utterly clueless of its ramifications if passed, the most horrific of which would be the igniting of WWIII. Trump’s selection of the neocon mouthpiece as UN Ambassador has been a disaster on several fronts: first, it was an early and quite telling sell out of his political base whom he promised an American First foreign policy of less belligerency and intervention. Second, Haley had no foreign policy experience and has made a fool of herself internationally on more than one occasion with her inane statements.

That the US is even considering such a provocative scheme once again shows the hubris which exists within its vast corridors of power. Any other country which would suggest such an audacious act would be rightly condemned, ostracized, and labeled as a rogue state. Yet, it is US lawmakers, policy wonks, and the CIA/NSA-directed American press corps that charge others (mostly those who do not kowtow to US dictates) of “terrorism.”

This year, as of yet, North Korea has not been responsible for a single death of a foreign national. Nor has the tiny communist state ever used a nuclear weapon against an enemy like the US did with its immoral and hellish destruction of two Japanese cities, Hiroshima and Nagasaki at the conclusion of WWII.

On the other hand, since the start of the Trump Presidency, US-backed forces have been responsible for the deaths of some 3700 civilians in Mosul, Iraq.** This is not to mention its murderous armed strikes in Yemen and Afghanistan. Nor is American aggression limited to direct military action, but its arms supply sales to despots and its puppets has escalated tensions and makes conflicts that do break out much more brutal.

Fortunately, for the future of global peace, US hegemony is coming to an end. The nation is hopelessly broke while its welfare/warfare economy is beyond reform and faltering badly which means that when the inevitable collapse does happen, it will mean the end or a serious pull back of the Empire. A similar situation took place in Great Britain in 1945 after it took part in another senseless global conflict which liquidated the British Empire once and for all.

Any sober thinking realist would recognize the deteriorating societal and economic conditions at home, yet because of the collective hubris embedded in the political class, American bellicosity continues.

The last hope of changing US overseas affairs in a peaceful direction was Donald Trump who throughout the campaign spoke of an American First foreign policy which garnered widespread support. Within Trump’s foreign policy statements, however, there were many troubling ones: call for increased defense spending, “wiping out ISIS,” updating the nation’s nuclear arsenal, putting an end to the North Korean “problem.” The encouraging words about non-intervention and getting along with Russia were quickly scuttled while the militaristic side of Trump’s campaign rhetoric has won the day.

History is replete with examples of hubristic regimes which appeared invincible and everlasting, but quickly fall with severe and quite nasty retribution from their enemies. While the US goes about the world threatening, bombing, and destabilizing those it does not like, it too, possibly in the not too distant future, will face the deserved wrath of those it has humiliated and terrorized.

*David E. Sanger, “U.S. Seeks U.N. Consent to Interdict North Korean Ships.” New York Times. 6 September 2017.

**Adam Johnson, “Corporate Media Largely Silent on Trump’s Civilian Death Toll in Iraq.” Fair. 19 July 2017. http://fair.org/home/corporate-media-largely-silent-on-trumps-civilian-death-toll-in-iraq/

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

The Student Loan Bubble and Economic Collapse

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The inevitable collapse of the student loan “market” and with it the takedown of many higher educational institutions will be one of the happiest and much needed events to look forward to in the coming months/years. Whether the student loan bubble bursts on its own or implodes due to a general economic collapse, does not matter as long as higher education is dealt a death blow and can no longer be a conduit of socialist and egalitarian nonsense for the inculcation of young minds.

The perilous condition of the student loan sector can be seen by looking at a few ominous pieces of data:

The US has around $1.3 trillion in non dischargeable loans to students
Over 120 billion in student loans are already in default
27% of students are a month behind on their payments*

As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.

Not only have colleges and universities been havens of leftist thought for many years, but they have become ridiculously expensive and beyond the reach of most middle-class income earners to afford without going into significant debt. Moreover, the incessant barrage by the Establishment about the necessity of a college degree has distorted the labor market to where worthless, debt-ridden degrees are pursued instead of much needed blue-collar employment. The readjustment of the labor market to a proper balance will not only take time, but it will be a costly, painful process.

While the “hard” sciences have not been as effected by the Left, the social sciences have long been an intellectual wasteland devoid of any freedom of thought or opinion. Promotion and recognition of academic excellence is, more often than not, based on diversity and one’s skin color not merit. Arguably, economic science has been the most corrupted discipline. Economics departments of major universities are now training grounds for employment in state and federal bureaucracies, the banking industry, and Federal Reserve where Marxism, Keynesianism, neo-Keynesianism or whatever kooky, nonsensical theory of the day can be put into practice.

While higher education has long been hostile to the ideals of Western Civilization, it is now explicitly a bastion of anti-white discrimination and hostility especially against white heterosexual men. Few days now pass where there is not an incident, many of which are approved by school authorities, blatantly attacking white Americans or symbols that supposedly represent them.

Of course, the higher education apparatchiks have had an easy time in their brainwashing task since the impressionable minds in their charge have been indoctrinated by twelve years of public “schooling.” Not only has the public school been a mechanism of social engineering, but it has constantly pushed its chattel to continue their “education” at the collegiate level.

The Trump Administration and most on the Right have failed to grasp the liberalistic bias of American education. Education Department Secretary Betsy DeVos has spoken about “competition” via school choice, vouchers, magnet and charter schools to increase school and student performance. The Administration’s proposed 2018 education budget calls for an increase in federal spending on school choice by $1.4 billion, a $168 million increase for charter schools, and a $1 billion increase for Title I “to encourage school districts to adopt a system of student-based budgeting and open enrollment that enables Federal, State, and local funding to follow a student to the public school of his or her choice.”**

These shopworn ideas and policies are not only fundamentally flawed and will make matters worse, but they will do nothing to counteract and or end the Left’s domination of education. Instead, President Trump should do what he spoke of at times on the campaign trail and what President Reagan promised to do, but never did – abolish the Department of Education!

While the collapse of the student loan bubble may be the catalyst for a general financial downturn and will certainly be the cause of tremendous social pain and dislocation, it will, nevertheless, be a necessary prerequisite if America and, for that matter, the Western world is to ever break the grip of leftist ideology which rules it. May the bursting of the student loan bubble commence!

*Tyler Durden, ‘”Staggering’ Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments.” Zero Hedge. 15 April 2017. http://www.zerohedge.com/news/2015-04-15/staggering-student-loan-defaults-deck-27-students-are-month-behind-their-payments

**Jade Scipioni, “Why Betsy DeVos Is Visiting This Ohio School Today.” Fox Business. 20 April 2017. http://www.foxbusiness.com/features/2017/04/20/why-betsy-devos-is-visiting-this-ohio-school-today.html

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

Nikki Haley: Warmonger Extraordinaire!

29 Replies

N.Haley

It must now be a prerequisite of those who become an American ambassador to the UN to possess certain characteristics and traits, the most important of which are rabid warmonger, child killer, and outright liar.

Remember it was Madeleine Albright when asked about the US blockading Iraq which prevented medicine and medical equipment from entering the country that resulted in the estimated death of a half a million children who coldly responded: “I think that is a very hard choice, but the price, we think, the price is worth it.” Then there is Colin “Weapons of Mass Destruction” Powell who told a bald-face lie about Iraq’s nuclear capabilities which paved the way for the US destruction of the country.

In her brief tenure as UN ambassador, Nikki Haley is fulfilling these requirements quite nicely. Her latest crazed outburst came on the heels of the bizarre White House press release about another supposed Syrian government gas attack which warned President Assad that he would “pay a heavy price” if carried out.*

While the State and Defense Departments were apparently caught off guard by the White House action, Ambassador Haley was not (probably given advanced notice) and issued an even more provocative tweet:

Any further attacks done to the people

of Syria will be blamed on Assad, but

also on Russia & Iran who support him

killing his own people.**

Not only has Haley appointed herself judge, jury and executioner of the Assad regime, but her wild accusation includes reprisals to the neocons’ ultimate targets of Russia and Iran. Her ridiculous statement has now given Syria’s enemies the green light to conduct another gas attack which will be blamed on Assad and his allies, Russia and Iran. Nice work, Nikki!

From a diplomatic perspective, the entire affair was bungled and amateurish, confirming once again that the Trump Administration is out of its league in conducting foreign policy.

That Haley was even chosen to become part of the Trump Administration has been odd from the beginning, but as things have unfolded quite telling. Haley was a vociferous critic of the future president. She, and the likes of another war-monger and Russophobe, Lindsey Graham, were consistently attacking candidate Trump for being “soft” on Russia and his immigration stance especially his wildly popular border wall proposal. To Haley and Graham, Donald Trump was out of step with the Republican Party’s values such as diversity as represented by Haley who, herself, is of Indian heritage.

Yet, despite all of the vitriol heaped at candidate Trump, the newly elected president, in a surprising and ominous move, decided to make the South Carolina governor, UN ambassador. This, and a number of other selections to foreign policy posts, signaled that President Trump would abandon his promises and vote-garnering campaign talk of peaceful coexistence with Russia, a reduction of US presence in the Middle East, and in other hot spots across the globe.

While Haley has been an ardent warmonger from the start, President Trump did not have to select her for the post. There were other more competent and surely less belligerent candidates available. More than likely, the choice was probably a nod to his “advisor” daughter Ivanka, to curry favor among feminists.

While President Trump’s pick of Haley was an implicit betrayal of a large segment of his base, his foreign policy actions since becoming chief executive have been an explicit rejection of putting America first which he spoke of at his inaugural. From escalating tensions with puny North Korea, dropping the mother-of-all-bombs on Afghanistan for no apparent reason, to making multi-billion dollar armament deals with the despots of Saudi Arabia among other troubling endeavors, Trump’s foreign policy is little different than his infamous predecessors.

While it looks like President Trump may have won the war, at least temporary, over the press and the anti-Trump Congressional forces about the fake Russian election involvement, he and his bellicose UN ambassador are now using the same underhanded methods to instigate a conflict to depose President Assad. While the alternative media rightly showed how the mainstream press and politicos made up and manipulated stories to undermine President Trump, it should now be intellectually honest and call out the president and his UN ambassador for what they are doing in Syria. In doing so, it may prevent the outbreak of WWIII.

*Tyler Durden, “Syria Denies Plans For A Chemical Attack As Russia Slams US Warning As ‘Unacceptable.'” Zero Hedge. 27 June 2017 http://www.zerohedge.com/news/2017-06-27/syria-denies-plans-chemical-attack-russia-accuses-us-provocation

**Ibid.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!

26 Replies

$fractional reserve banking II$

The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations, many of which were enacted in the wake of the 2008 financial crisis. The report is in response to Executive Order 13772 in which the US Treasury Department is to provide findings “examining the United States’ financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief.”*

In release of the first phase of the report, Treasury Secretary Steven T. Mnuchin stated: “Properly structuring regulation of the U.S. financial system is critical to achieve the administration’s goal of sustained economic growth and to create opportunities for all Americans to benefit from a stronger economy. We are focused on encouraging a market environment where consumers have more choices, access to capital and safe loan products – while ensuring taxpayer-funded bailouts are truly a thing of the past.”**

Some of its highlights include:

Community financial institutions – banks and credit unions – are critically important to serve many Americans
Capital, liquidity and leverage rules can be simplified to increase the flow of credit
We must ensure our banks are globally competitive
Improving market liquidity is critical for the U.S. economy
The Consumer Financial Protection Bureau must be reformed
Regulations need to be better tailored, more efficient and effective
Congress should review the organization and mandates of the independent banking regulators to improve accountability***

Not surprisingly, most of the banking industry expressed support for the report, critics (mostly Democrats) pointed out that it would lead to the type of practices that produced the 2008 panic in the first place. Both opponents and those in favor as well as the clueless financial press fail to grasp the underlying cause of not only the recent crisis, but the majority of those which have occurred for the past century.

Quite simply: the fundamental cause of the 2008 financial crisis was fractional-reserve banking (FRB). FRB is the practice whereby banks keep a “fraction” of the funds deposited by customers in their vaults lending out the rest at interest and “profit.” Banks are thus inherently unstable since if all depositors came at once and demanded their money (a “bank run”), banks could not be able to redeem their deposits. Moreover, FRB encourages banks to engage in exceedingly speculative and risky behavior which creates unsustainable bubbles throughout the economy.

The nation’s central bank, the Federal Reserve, was created by the banksters and politicos to enshrine this immoral and economically ruinous practice into the heart of the American financial landscape. Any “reform” of Wall Street’s financial practices that does not address FRB by doing away with it and the institution (the Fed) which enables it to exist, is doomed.

The banks in collusion with the Fed are able to expand the money supply through this process while enriching the banksters’ balance sheet. On the macro level, the creation of money through FRB is the genesis of the destructive boom-bust cycle.

This is why banks and the entire financial system are so prone to reoccurring crisis and no regulation, reform, or Treasury Department “findings,” can make such a system “stable.” The only true reform is to abolish FRB and establish a monetary order that requires all financial institutions to keep 100% reserves of depositors’ assets.

The Treasury Department’s recommendations are mere window dressing by the very banksters whose opulent livelihoods are predicated on FRB.

The elimination of FRB would go beyond a beneficial financial revolution, but would affect the foreign policy of the USSA. Without the ability to create money via FRB, the murderous American Empire could simply not exist, nor would the nation’s draconian domestic security state.

With his selection of crony capitalists and members of Goldman Sachs to his economic team, it is apparent that President Trump does not understand the true nature of the nation’s financial woes or what precipitated the last financial crisis and what will assuredly lead to a far bigger mess down the road. If he did, his next Executive Order would be to implement steps and procedures to eliminate the scourge of fractional reserve banking forever.

*U.S. Department of the Treasury, “A Financial System That Creates Economic Opportunities.” 6 June 2017. https://www.treasury.gov/press-center/press-releases/Pages/sm0106.aspx

**Ibid.

***Ibid.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

Donald Trump is an Economic Ignoramus!

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Trump & Trade II

Not surprisingly, Donald Trump has followed in the infamous footsteps of his presidential predecessors in the transition from candidate to chief executive. Invariably, every candidate for the presidency makes a whole host of promises, the vast majority of which are horrible and typically only exacerbate the problems they attempt to resolve. Among the proposals, however, there is an occasional bright spot. Yet, once elected the stupid polices are eagerly pursued while the good ones are quickly discarded.

What was somewhat unique about Donald Trump was that he was the first candidate in a long while who had a number of refreshing and much needed proposals – border wall, “drain the swamp,” criticism of Ma Yellen and the Fed, rapprochement with Vladimir Putin and Russia, a deescalation of U.S. imperialism. There were bad ones, too, but the good ones were enough to lead him to a smashing win over the Wicked Witch of Chappaqua.

Even before being sworn in, however, the president-elect began to downplay his most positive positions and emphasize the worst. At the top of this list, and what Trump has been consistently wrong about since the inception of his political career, and even prior to it, has been “trade.”

Trump considers himself an “economic nationalist” in the mold of Patrick Buchanan. Both, however, are simply wrong in this regard demonstrating that they do not have a grasp of the most basic of economic principles.

The latest Trump tirade on trade was reported during his recent trip to Europe and a meeting with high-ranking officials. Trump is reported to have lashed out at German auto makers who the President accused of being “very bad” because of the “millions of cars that they sell in the U.S.” The Donald bemoaned, “Terrible, we’re going to stop that” and added “I don’t have a problem [with] Germany, I have a problem with German trade.”*

Such talk makes Trump sound like a fool. What is “bad” about providing American consumers with first-class automobiles that they apparently want in large quantities and are voluntarily willing to pay for? And what of American workers employed with Mercedes Benz, BMW, and Volkswagen? What is so horrible about the jobs and income that is provided by German firms to these workers?

Instead of berating German car manufactures, Trump should direct his ire at the immigration policies of psychopathic politicians like Frau Merkel. Candidate Trump was very vocal about this and criticized European leaders for allowing their countries to be turned into multicultural cesspools.

The benefits of free trade and the baneful consequences of protectionism have long ago been elucidated by right-thinking economists, while the historical record has shown that lands which engage in “free trade” are decidedly richer than those that do not. That Trump could spout off such nonsense about the evils of German trade shows how far the level of economic understanding has fallen.

Not only does free trade allow for the extension of the division of labor and specialization, but it has very important non-economic fruits. When trade is unregulated, there is less of a tendency of trading partners to engage in bellicose actions toward each other. Free trade and peaceful coexistence among nations are synonymous. It is when trade is prohibited, skewed by governments to “protect” favored industries, which creates tensions among peoples.

Free trade does not require measures such as NAFTA or negotiated deals by politicians. Instead, producers of one region are free to sell their goods at whatever prices or quantities to consumers of other areas that agree to buy them. Ultimately, trade is up to individual producers and consumers in what they contractually agree to exchange, there is no need for political involvement.

Trump’s lambasting of the German auto makers, however, underscores a more fundamental problem with the U.S. economy. America no longer produces goods that the world’s consumers desire, but instead, produces military hardware that it sells to despotic regimes which enables them to remain in power and wreck havoc on their enemies. Predictably, this escalates tensions abroad while, domestically, the standard of living of Americans fall as scarce resources that could have been used in the production of useful consumer goods are diverted to the creation of murderous military armaments.

Trump has repeatedly boasted about his and his appointees’ abilities to negotiate great trade “deals.” His bashing of the German auto makers right after his multi-billion dollar arms sales to the Saudis show not only that he is clueless in regard to the immense benefits of free trade, but that he is just another adherent, like his predecessors, to the ideals of crony capitalism.

*Tyler Durden, “Trump Slams ‘Very Bad’ Germans for Selling Millions of Cars in US: ‘We Will Stop This.'” Zero Hedge 26 May 2017. http://www.zerohedge.com/print/596683

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

Why is North Korea Being So Unreasonable?

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On April 28, Secretary of State Rex Tillerson told the U.N. that North Korea “must dismantle its nuclear missile programs” before the US “can even consider talks.”*

Sounds reasonable.

Why hasn’t the Kim Jong-Un regime responded with open arms and shouts of joy for this generous and fair-minded proposal from Uncle Sam?

Maybe it is because North Korea not only has first-hand knowledge of US “diplomacy,” but it can point to the grisly consequences that happen to regimes that do not have nuclear capabilities when they fall out of favor with Washington war mongers. Serbia, Afghanistan, Iraq, Libya, Syria are just some recent examples.

Nor does North Korea have to look around the globe for what the US does to nations without nuclear arsenals, but can recall events which took place not so far away. For more than a decade, America mercilessly pulverized the little, defenseless country of Vietnam. Despite the destruction and mass murder inflicted, it was to no avail except, of course, to line the pockets of arms manufactures while American citizens were drained of their wealth and blood.

Or simply, Kim Jong-Un can look at his nation’s own history and see how the US treated it prior to it becoming nuclear. In the “police action” of 1950-53, American coalition forces killed over 3 million North Koreans and dropped more bombs on the country then were used on Japan in World War II according to international war crimes lawyer Christopher Black.**

And, why would North Korea or, for that matter, anyone else have any faith in diplomatic agreements with the US which consistently violates terms of international accords and often complains afterwards when agreements are reached. The latest example is President Trump carping that Iran is not living up to the “spirit” of the nuclear deal concluded under the Obummer Administration and signed off on by six major world powers.

North Korea, as well as the rest of the world, which is not bribed or threatened by the US Deep State, is certainly aware that the two American-Iraqi Wars had their origins due to American duplicity. While it originally gave Saddam Hussein permission to intervene in Kuwait, the US then reneged blaming the Iraqi strongman which thus laid the groundwork for his murder and the country’s destruction.

Not only can North Korea look to the murderous and duplicitous US foreign policy record, but it can point to how the American state has killed its own citizens from its involvement in the take down of the World Trade Center, to the gassing and slaughter of men, women and children at Waco, Texas. Moreover, the federal government and now local authorities are terrorizing their citizens with increasing regularity via a number of false flag events and drills.

By all means, the Kim Jong-Un regime should come to its senses and acquiesce to US demands.

Unfortunately, because it is an authoritarian society based on the immoral and economically unworkable system of communism, North Korea is unable to make an ethical case against the hypocrisy of the US which accuses Syria and others of human rights violations, yet has allowed the slaughter of innocent babies of some 40 million since the legalization of abortion in 1973. Moreover, in another societal-wrecking and depraved act, the US Supreme Court has sanctioned sodomy, one of the four sins that cry to heaven for vengeance.

While no single entity can militarily challenge US hegemony, a reversal of the murderous ways of American foreign policy will only come about through a change in ideology on the home front. Once the justification for empire is debunked in the court of public opinion, the mobilization of anti-war/anti-empire movement can commence.

After generations have been inculcated by the media, public schools, colleges/universities and the government about the glories of the US military, it is unlikely that there will be any paradigm shift in American foreign policy matters anytime soon. Only an economic collapse or severe enough financial panic will force the US to pull back on its overseas adventurism.

In the meantime, if Kim Jong-Un intends to survive and keep his country from resembling Iraq or Syria, he should maintain his “unreasonable” stance when the likes of Rex Tillerson demand that North Korea disarm.

*Tyler Durden. “Trump Slams ‘Disrespectful’ North Korea After Unsuccessful Missile-Test, Warns Situation is ‘Bad.'” 28 April 2017. http://www.zerohedge.com/news/2017-04-28/north-korea-test-fires-another-ballistic-missile

**Christopher Black. “North Korea: The Grand Deception Revealed.” New Eastern Outlook. 3 March 2017. http://journal-neo.org/2017/03/13/north-korea-the-grand-deception-revealed/

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com