AUSTRIAN ECONOMICS ADDICT

THE OUTSIDER vs. THE INSIDERS

Trump is using the insiders tactics, outlined in ‘Rules for Radicals’, against them and they don’t know what to do. {Insiders being defined as democrat establishment, republican establishment, mainstream media, administrative state bureaucrats, and the education and hollywood establishment}

Usual Anti-Trump Intel Officials Publish Open Letter Supporting Whistleblowers, by Sara A. Carter, at saracarter.com.      If this group is against you, you are doing something right. Trump is like a bird dog. He flushes the insiders out of their cover. And we get to see exactly who they are.

Impeachment Coup Analytics, by Victor Davis Hanson, at amgreatness.com.   Excerpt from the article:

“…..recently Representative Al Green (D-Texas) reminded us why the Democrats are trying to impeach the president rather than just defeat him in the 2020 general election.”

“To defeat him at the polls would do history a disservice, would do our nation a disservice,” Green said. “I’m concerned that if we don’t impeach the president, he will get re-elected.”

“Translated, that means Green accepts either that Trump’s record is too formidable or that the agendas of his own party’s presidential candidates are too frightening for the American people to elect one of them. And that possibility is simply not permissible. Thus, impeachment is the only mechanism left to abort an eight-year Trump presidency—on a purely partisan vote to preclude an election, and thus contrary to the outlines of impeachment as set out by the Constitution.”

“If Trump were to be reelected, not a shred of Barack Obama’s “fundamental transformation” would be left, and the strict constructionist Supreme Court would haunt progressives for a quarter-century.”

“The Democrats have exhausted every other mechanism for destroying Trump—and they are running out of time before November 2020 election.”

“The “collusion” and “obstruction” fantasies of the Mueller investigation now seem like ancient history. So do the James Comey leaks, the palace coup of Andrew McCabe, the Trump tax records, the celebrity rhetoric about blowing up, shooting, stabbing, burning and variously killing off the president of the United States—along with the satellite frenzies of Stormy Daniels, Michael Avenatti, Charlottesville, Jussie Smollett, the Covington Kids, and the Kavanaugh hearings.”

“What is left but to try the new “Ukraine collusion”

“Be prepared for a half-dozen Christine Blasey Ford-type witnesses to pop up, and 20 or so unhinged Cory Booker-esque “I am Spartacus” performance acts, along with a whole slew of new Steele dossiers—all interspersed with breathless CNN bulletins announcing new fake news developments with “the walls are closing in” and “the end is near” prognostications. Rep. Adam Schiff (D-Calif.) is already reading fantasies to the House Intelligence Committee and passing them off as the text of Trump’s phone call to Ukraine’s new president. Only after he was called on such absurdities did he describe his performance as a parody.”

“The Left is hellbent on impeachment and the absence of a case won’t matter. They do not care if they will sow the wind and reap the whirlwind.”

Are These The Five Tweets That Change The World? by Tom Luongo, at tomluongo.me.      We know whatever Trump does will be blasted by the Democrats and the mainstream media. But getting out of Syria will flush Republican insiders out into the open.

Trump can do this because the Middle East isn’t as important to the US as it used to be. Why? The one word answer is “OIL”. The American Fracking industry is supplying so much oil to the world market it has changed the geo-politics of the region.

Remember when Iran blew up thee Saudi oil facility a month ago? We were told that oil could go to $100 dollars a barrel and we had to retaliate against Iran. Neither happened because American fracking has made America the largest oil producer in the world. The loss of part of Saudi oil production was just a paper cut to the world supply.

The price went up about nine dollars a barrel immediately after the September 14th attack . But after two weeks the price went back down below the price it was before the attack. (click on chart here)

The geo-political change, not just in the Middle East but around the world, is an unintended consequence of American fracking.

Ukraine ‘Anti-Corruption’ Director Bragged About Helping Hillary Clinton In 2016: Leaked Audio, at zerohedge.com.       The real Ukrainian corruption issue is with The Democrats. And they know it.

ECON STUFF

The Difference Between Regulated Markets And Free Markets, by Per Bylund, at mises.org. Excerpt from the article:

“A free market, one in which participants voluntarily trade and exchange the way they themselves see fit, unrestricted by third parties (those who are not directly involved in the exchange), necessarily must be without arbitrary restrictions and regulations.”

“To say that the ‘black’ market is a free market is an error because even if the exchanges are voluntary they are heavily impacted by regulations (here: prohibitions). To say that airlines are actors in ‘the free market’ is equally wrong–there’s hardly anything free about this market, which suffers from the burden of a mammoth body of regulations.”

“Whether you buy a plane ticket, these companies’ hiring and investment decisions, etc. are still voluntary exchanges. But they’re restricted exchanges; they do not take place on a free but (highly) regulated market.”

“So why do proponents of markets claim that the accomplishments of the airline industry are due to the ‘free market’? They are certainly results of a market, but a heavily regulated one — one in which market actors have not been allowed to have a say, that is, they have not been allowed to engage in the exchanges they would have chosen.”

“To say that this is a free market is at best a mistake, but more like a lie.”

“Markets work, they always do. But their results differ. And regulations place restrictions on how markets may work. There’s only one kind of free market, and it is one that does not suffer from restrictions–because restrictions placed on it make it unfree.”

Markets Rely On Accurate and Honest Information – But Governments Want The Opposite, by Gary Galles, at mises.org.      This is really good. Here is an excerpt from the article:

“A great deal of social coordination is only achievable when based on the truth. But many of the relevant truths behind people’s opportunity costs and values are only known to the individuals involved. That is why voluntary arrangements in markets, in which you tell the truth about the relevant relative scarcities both when you buy and when you sell, are indispensable to all participants’ well-being.”

“In contrast, when governments displace voluntary arrangements with coercive impositions, lies displace truth in two ways. Not only is the competition to get political power based largely on misrepresentations, but government’s coercive impositions also replace the truth revealed in voluntary market behavior with lies. What is the effect on society? It isn’t pretty. And even though it is an essential aspect of government intrusion into citizens’ affairs, not a single moral or ethical system endorses lying. Lies will not set you free. Not only does the truth set us free, but freedom in our cooperative endeavors reveals truths we have no other way of knowing.”

Central Bank “Stimulus” Is Really A Huge Redistribution Scheme, by Alasdair Macleod, at mises.org.           Central bank counterfeiting comes with unintended consequences that are hidden in government statistics. My question is how can decreasing the purchasing power of the dollar, via money printing, be beneficial for the ‘middle class’?

Here is an excerpt from the article:

“Indeed, the official purpose of the expansion of money and credit is to somehow persuade economic actors that things are better than they really are, and to stimulate those animal spirits. You’d think that with this policy now being continually in operation that people would have become aware of the dilution fraud. But as Keynes, the architect of it all said, not one man in a million understands money, and in this he has been proved right.”

“Central banks pretend all these benefits come at no cost to anyone. Unfortunately, there is no such thing as a perpetual motion of money creation, and someone ultimately pays the price. But who pays for it all? Why, it is the wage-earner and saver and anyone else with deposits at the bank. They are also robbed of the compounding interest their pension funds would otherwise receive. These are the very people who, in a bizarre twist of macroeconomic logic, we are told benefit from having the prices of their everyday purchases continually increased.”

“Attempts to measure the supposed benefits of inflation on the general public are in turn dishonest, with the true rise in prices concealed in official calculations of price inflation. Suppressed evidence of rising prices is then applied to estimates of GDP to make them “real”. For the purpose of measuring the true condition of an economy these official statistics are taken as gospel by both the commentariat and investors.”

“We cannot know the accumulating economic cost of cycles of progressively greater monetary inflation, because all government statistics are based on the lie that money is a constant, when in fact it has become the greatest variable in everyone’s life. The transfer of wealth from all consumers through monetary debasement is an act of impoverishment, and to the extent it is not offset in other ways the economy as a whole suffers.”

NY Fed Announces Extension Of Overnight Repos Until Nov 4, Will Offer 8 More Term Repos, at zerohedge.com.    We talked about this when it started a few weeks ago. The Fed is going to gradually pump another $200 billion (by my calculation) into the financial system by Nov 4th via the over night Repo market. Who wants to bet they will continue this after Nov 4th? The article is right:  “QE4 is quietly launched to no fanfare.” Read the above article to understand why this is not good for anyone, except the insiders who have first access to the Feds new electronically printed counterfeit money.

Sound Familiar? Banks Are Saddling Fannie & Freddie With Risky Mortgages, Study Finds, at zerohedge.com.     Doing the same thing that helped start the ’08’ financial crisis…..? Not a good idea. This and the above article show why it is difficult to get people to understand what the insiders are doing. Getting this information not only isn’t easy, it isn’t a priority for regular people to find out. Plus, if people want to understand this (and above), they have to do some serious studying. Most people don’t have the time to spend doing the research, even if they wanted to understand it.

MISCELLANEOUS

Federal Judge Slams University Of Iowa For Religious Discrimination, by Vanessa Miller, at thegazette.com.     This is typical of educational insiders. They will not tolerate anyone who doesn’t agree with the leftist orthodoxy.

FBI – Expanded Homicide Data Table, at ucr.fbi.gov.

Hey Beto “We’re coming for your AR15s and AK47s” O’Rourke. Only 297 people were killed by assault rifles in 2018. Compared to 1,515 killed with knives, 443 killed by blunt objects, and 672 killed by an individuals fists, feet or hands.

So logically we should take peoples hands away from them so they can’t use guns, knives, blunt objects or their hands to kill people?

Even if it saves just one life, isn’t it worth it? NO, don’t be silly!

There are millions of defensive uses of firearms per year (read here) compared to 10,265 homicides (2018) by firearms. Do the math.

You Can Be Fined $250,000 For Saying This Phrase In New York City, at zerohedge.com.          These are not satirical headlines. This article has a list of six absurd things that actually happened.

1) New York City Declares Using The Term ‘Illegal Alien’ Can Result in $250,000 Fine.

2) Nurse Takes New Born Baby Away After Parents Refuse Vitaman K Shot.

3) German Regions Pass Law To Ban Insulting EU Flag.

4) Chinese Flag Raised At Boston City Hall To Mark Thee 70th Anniversary Of China’s Communist Regine.

5) Democrat Sends Police In Tactical Gear To Man’s House Over Gun Meme.

6) This Utah Woman Was Charged For Being Topless In Her Own Home.

Rockets GM ‘Stands With Hong Kong – Until China Pulls Endorsements, at zerohedge.com.     Why would you apologize to a Communist dictatorship that has millions of political dissidents in prison. Didn’t the NBA players put their hands up in solidarity for the false “hands up don’t shoot” controversy? They should take a stand for the oppressed in China instead of caving in to the Chinese government. Or are they caving in to their own self interest……”their own salaries”?

By the way didn’t Google help the Chinese government set up the ‘Social Credit System’ (read here) which stifles peoples freedom? Google should apologize to all the Chinese people they have helped the Chinese government punish because of their low social credit score.

I know this social credit thing can’t happen here in the US can it?…….Wait a minute….Google already has the ability and the information to do this?……So they already have their own social credit system?….. Google wouldn’t  team up with the government would they???????????   Repeat after me……. “it can’t happen here…….it can’t happen here……..it can’t happen here………”  Ok Ok….. I feel much better now.

Hillaryland, by Daniel Greenfield, at sultanknish.blogspot.com.    This is a riot.   Excerpt from the article:

“Hillaryland is the sad successor to Clintonworld networks like the Clinton Foundation which connected world leaders, foreign criminals and a prospective president. The alumni network is now a joke. The Clintons will never hold public office again. Hillaryland isn’t an alumni network, it’s a political leper colony run by “volunteers” too dumb to realize that the S.S. Slick Willy will never rise again.”

“This just means another Hillary Clinton book tour that nobody asked for and nobody actually wants.”

“Nevertheless, Hillary’s desperation tour will still be coming to such world-renowned locations as the Women’s Club of Ridgewood, NJ (no books will be signed), the United Methodist Church in Denver, CO, and the San Ramon Valley High School gym. Next stop, a random Appleby’s in Great Forks.”

“What’s the point of all this?”

“Jeffrey Epstein is dead, Ed Buck is in jail, and Harvey Weinstein is tapped out. The money has to come from somewhere. Even if it means sitting dead-eyed and drunk in a high school gym while Chelsea launches into an enthusiastic explanation of how Rachel Carson made the world safe for malaria.”

“But it’s not as if the Clintons really need the money. Their greed is as compulsive as all their vices.”

“Hillary Clinton loathes other people, but is incapable of existing without them. She can’t do what every other contender did and go away because she has nowhere to go. There’s a mansion in New York, but it has too many mirrors. And at night, she might start wandering and muttering, “Out, damned spot.”

“And she won’t be talking about the neighbor’s dog who committed suicide in a local park.”

“Desperate and malicious, Hillary’s restless spirt wanders the nation and the world, haunting random supermarkets, gyms and colleges. To paraphrase her inspiration, Karl, a specter is wandering D.C. That’s where Hillary showed up to George Washington U to claim that she only lost Wisconsin because of Republican voter suppression. It had nothing to do with her failure to campaign in Wisconsin.”

I THOUGHT THE SCIENCE WAS SETTLED?

New study about red meat consumption is interesting. Here are three articles that you should read before you decide to either stop or start eating red meat.

Here’s The Real Truth About That Confusing Red Meat Study, by Gideon Meyerowitz-Katz, This is an analysis of the new study.

Is Red Meat Bad For You, Or Good? An Objective Look, by Kris Gunnars, at healthline.com This is an article that came out a year before the new study. It is very informative.

Another Narrative Collapses: Eating Red Meat Is Not Ritualistic Suicide, by Tom Luongo, at tomluongo.me.     Excerpt from the article:        “Because the demonization of red meat cuts to the heart of the political con job that is modern cultural Marxism and its supposed moral high ground.”

“You can see this in the response to the landmark study just completed that concluded there is no perceivable risk from eating red meat as opposed to anything else. It immediately provoked apoplexy akin to doctors prescribing hemlock to treat eczema.”

There Is No Climate Emergency, Say 500 Experts I Letter To The United Nations, by Mark J. Perry, at carpediemblog.    I thought “scientists” agree on climate science?

Global Warming Fraud Exposed In Pictures, at zerohedge.com.    Check out these charts.     Excerpt from the article:

“Climate change alarmists have convinced the public something must be done now. The reports are easily debunked as fraud…”

Quotation Of The Day On Why You Should Not Listen To Laughable Greta Thunberg, by Mark J. Perry, at carpediemblog.    Quote from Rich Lowery:

“There’s a reason that we don’t look to teenagers for guidance on fraught issues of public policy. With very rare exceptions kid have nothing interesting to say to us. They just repeat back what they’ve been told by adults, with less nuance and maturity”

“Much of the climate advocacy of  young people boils down to the plaint that all parents know well: “I want it, and I want it now.” As one headline on National Geographic story put it, “Kids world climate strikes demand that warming stop, fast.””

“Behind the foot-stomping is the idea that a long-running global phenomenon could be quickly stopped, if only adults cared as much as the kids did. This fails to account for such recalcitrant factors as costs ans complexity, but when do children ever think of those” (And who can blame them? They’re children.)”

“Instead, the youthful climate activists claim they’ve been sold out by their elders. Greta Thunberg put it with her usual accusatory starkness at the UN: “You are failing us, but young people are starting to understand your betrayal.”

“This is laughable. By no global measure of social and economic well-being have we failed kids. According to HumanProgress.org, the global poverty rate fell from 28percent in 1999 to 11 percent in 2013. Life expectancy increased from 63.2 years to 71.9 years from 1981 to 2015. The completion rate for primar school increased from 80 percent in 1981 to 90 percent in 2015. The same benign trends hold for hunger, child labor, literacy, and son on.”

“If climate change proves a significant challenge, today’s youth will have more resources and technology to grapple with it than any other generation in the history of mankind.”

SATIRICAL HEADLINES

from thebabylonbee.com.

Unable To Compete With Reality, Babylon Bee Founder Starts Real News Site, at babylonbee.com.

All Democrats Drop Out Of Presidential Race Since The World Is Ending From Climate Change And There’s No Point, at babylonbee.com.

Nobel Peace Prize Committee Informs Trump He Has Not Launched Enough Drone Strikes To Qualify, at babylonbee.com.

Anti-Fun Democrats Seek To End Most Fun Presidency Of All Time, at babylonbee.com.

Homeless Man Rejects Charity After Searching Through Giver’s Tweet History, at babylonbee.com.

Study Finds Avoiding Red Meat May Lead To Longer, More Miserable Life, at babylonbee.com.

CARTOONS

from theburningplatform.com