Wednesday, October 9, 2024

Forever Wars, This Way


Alluding to her opponent Donald Trump, Vice President Kamala Harris recently criticized any compromise in the Ukraine war that might involve territorial concessions as a “surrender” policy. 

Her position is within the consensus view on the Ukraine war.  Former U.K. Prime Minister Boris Johnson frames the issue in even starker terms: If Ukraine fails,” he has said, “It will be a turning point in history, the moment when the West finally loses its post-war hegemony.” 

Apart from the gaucherie of European statesman lamenting the loss of dominance over others, Johnson is half right. 

Western hegemony is passing, but for reasons other than the war in Ukraine. The war is accelerating trends already in place.  But it is a turning point” in the sense that the war’s origins are found in one kind of a world order while its end will come in a different kind.

By world order we mean the way in which power is distributed around the globe, who makes the rules, and its legitimacy, how countries play by the rules. The world order in the twentieth century saw a culling of great powers from several at the beginning of the period to only two by 1945. This was the bipolar world of the Cold War in which two camps were led by the United States and the Soviet Union. 

When the Cold War ended, only one great power remained. This was Americas "unipolar moment,” a brief period when the U.S. faced no military equal.

Not only was the U.S. the worlds paramount power, it was also an ideological power, one with a messianic impulse. The tag word here is liberal hegemony,” the strategy during this period when U.S. prioritized democratic values, open markets, and respect for individual rights.

European elites seconded the move and a trans-Atlantic consensus was forged on how world affairs should be organized. The goal was to bring about rules-based” international order, with the Americans and the Europeans making the rules.

Military force was part of it. U.S.-led coalitions toppled regimes in Afghanistan and Iraq, and then tried nation building” to put those countries on a democratic path.

Regime change” became statecraft. Sometimes this was done by force (Libya in 2011, and unsuccessfully in Syria after 2012), and sometimes behind the scenes, as in the 2014 Ukraine uprising that brought to power a stridently anti-Russian faction. The U.S. saw its use of force as the right thing to do; its mission was to nudge events onto the right side of history.

But the U.S. did these things not only because it saw them as right, but because it could do them. 

No other power was on the scene to block its way.  In a multi-polar system, the theory says, other major powers would act as counter-weights, curbing the hegemons aspirations.  There was no such corrective on the scene during the unipolar moment.

The cause of the Russo-Ukraine war was the prospective admission of Ukraine into the NATO alliance. Russia said nyet; its protests went unheeded.  Bringing Ukraine into the fold would be the culmination of a long process in which NATO expanded into the spaces of the old Soviet bloc.  When the Soviet Union dissolved itself in 1990, there was no Western intent to expand NATO.  That decision came later and it required a change in NATOs mission.  Originally a defensive alliance against the Soviet Union, NATO was now tasked to provide the security foundation on which Eastern Europe democracy could be built.  

NATO became the military arm of a democratization program.  New members were expected to perform a to-do list of domestic reforms necessary for membership.

Compare this to NATOs early years. 

Allies Portugal, Greece, and Turkey were authoritarian states, and West Germanys admission in 1955 was made not because it had democratized, but to bring its resources into the anti-Soviet coalition.

Security, not democracy, was priority.  Two different world orders shaped two different American strategies.  When the U.S. faced a military peer, pragmatic considerations were on top, while democratic norms, although present, were secondary; but when the Soviet Union passed from the scene, Americas idealist impulses came forward.  During the Cold War, NATO exercised restraint because it understood that its actions could be seen by the other side as threatening. In the unipolar world, restraint was replaced by the belief that the actions of liberal democracies are inherently non-threatening.

NATO enlargement was nested within a liberal internationalist outlook. It took some inspiration from democratic peace theory, which holds that a world filled with democracies would be a safer place because democracies do not go to war with each other. The assumption is that world peace comes from domestic political structures, provided they lean in a liberal direction, and not from a precarious balance among the great powers.  Blame Russia for any tension over Ukraines admission.  If it would only see Ukraines aspirations like the Eurocrats in Brussels see them, there would be no dispute at all.

But there is a darker rationale behind NATO expansion. Ukraine inside NATO would be a way of weakening and destabilizing Russia so as to bring Euro-minded reformers to power there.  The end state would be to transform Russia into an appendage of the West, relegated permanently to second-tier status.  This goal sometimes lapses into talk about breaking Russia up into smaller ethno-entities. 

Russia read Western intentions that way and chose to go to war.

Even before the Ukraine war, Americas unipolar moment was passing.  This is seen in the economic domain with the rise of new industrial powers in Asia and elsewhere.  The economic sanctions imposed on Russia by the West has alarmed countries in the so-called Global South.  They fear that they too could be the objects of economic isolation if they wind up on the wrong side of Western values.”  They are diversifying away from the West with new trade patterns and alternative payments systems.

A move to a world with multiple power centers would be a reversion to the norm after a centurys oscillation in which the number of great powers was reduced from several to two, then to one, and now back to several again. The historical pattern of countervailing forces appearing whenever one state becomes too powerful is reasserting itself. The world today is searching for a new board of directors.

The choice ahead

The end of American primacy comes to a fork in the road.  One way points to a change in foreign policy outlook; the other to little or no change at all. On the first road, elites on both sides of the Atlantic would make the necessary adjustments for living in a world with multiple power centers. Democratic norms would still be in the policy mix, but secondary to the practical concerns of dealing with power equals.

Ideally, this adjustment should take a hard look at the downside of liberal internationalism.  For years Russia had complained about NATO enlargement. Putting aside the merits of the complaint, the issues were political-military in nature and had to do with the location and types of advanced weapons systems in Eastern Europe, distance to the Russian border, and the like. 

A dispute framed this way can be divided into sub-issues, which in turn can be isolated and treated separately, so that the overall relationship remains serviceable.  A partial, but imperfect, compromise could be found.  But NATO injected liberal values into the discourse: new members had the right to choose their military associations without outside interference, liberal democracies are non-threatening, etc. Russian core values” were rooted in the tangibles of national security; Western core values” came from an overlay of idealistic principles.  Liberal values transformed the dispute into a struggle between good and evil, making compromise difficult and resolution elusive.

The second fork points to a reaction and a doubling-down on past practices, including a Western confrontation with Russia that stretches into the future.  What Johnson meant by if Ukraine fails,” is debatable, but whatever it is, it would not be merely a setback for the West.  It would threaten the entire liberal world outlook, its assumptions about political life, and its claim to shape the new world order.  Liberal internationalists cannot let it happen.  They are the dominant political class on both sides of the Atlantic. They will never admit error.

What they will do is split the outmoded idea of liberal hegemony” in two, jettisoning the hegemony part, because it is no longer doable, while keeping the assertive liberal outlook. They will continue to inject liberal norms into the system wherever they can. That is their default position.  This would mean that a new multi-polar world will have little or no effect on the liberal internationalist outlook.

There is irony here.  Liberal internationalism has a conceptual template similar to radical Islam’s.  The jihadist divides the world into the House of Islam, where Muslim societies are expected to live in peace with each, and the House of War, where non-Muslim societies are expected to convert or to be subjugated by the sword if necessary. The liberal globalist divides the world into democracies, which are expected to live in peace with each other, and non-democracies, which are expected to convert or to be subject to the right kind of regime change if necessary.

A sign at the fork in the road says: Forever Wars This Way.”



X22, And we Know, and more- Oct 9

 




The Plague of Lonely Leftist Cat Women


The last few weeks support my theory that leftist feminist - lefteminism - is not a political or social ideology but a form of psychosis. For the idiots out there, I’m not talking about the idea that women should be treated equally to men with only a few necessary allowances for differences. I’m talking about the bizarre ideology that had been on display again and again in this campaign. Lefteminism has nothing to do with empowering women. It is merely a collection of hysterical daddy issues compounded by its affluent, over-credentialed practitioners’ personal psychodramas. 

Now, this is where we stop to let these shrieking harridans screech about how I am sexist and stuff. Shriek away – I am utterly indifferent to the mewling of Chardonnay-sodden crones. They don’t even get a “But some of my bestest friends identify as women.” The leftist feminists get what they deserve – nothing.

Let’s start with the vice-presidential debate and what happened with the moderators. There were two of them, interchangeable monied blue urban women who each looked like they should have that archetypal goblet of Chardonnay in their hand, a cat on their lap, and no man in sight. They have names, but it doesn’t matter – who names a cog in a machine? Neither was particularly smart, creative, or interesting. Their obsessions were the hackneyed obsessions of their clique – the killing of babies, weather voodoo, and an overdramatized fear of normal people participating in Our (alleged) Democracy that confuses a minor-league kerfuffle with an actual coup. These are their sacraments; that empty place inside their designer dresses that should be filled with faith is filled with nonsense. Lefteminism is best understood as a vehicle for providing meaning to women (and cringy male-identifying beings) who have chosen meaninglessness.

That they would gunning for JD Vance with something we all assumed would happen; he’s a happy, confident and proud man who refuses to bow and scrape, and they hate that. But there’s even more to hate. JD is an uppity proletarian who’s got way out over his skis by invading their sacred precincts at places like Yale and presuming to speak for people who should be disarmed, disenfranchised, and silenced lest their interests and knuckle-dragging policy preferences be considered. 

Men just looked at the pair of them and they knew. That night, they were regime media journalists. The next morning, they would be HR directors. Every day, they are Kamala and her kronies. These Lefteminists have, for the last several decades, been occupying our institutions and using their power to take out their daddy issues on innocent males. They were the “Use Your Inside Voice” ladies who have been tormenting men from the cradle on up, trying to throttle and stifle any hint of manhood and turn boys and men into hapless neuters. They literally tried to mute JD Vance when he was pointing out their ignorance. But it didn’t work – JD refused to respect the authority over him they claimed but had not earned – and that only made them madder.

Their questions were stupid. The regime media’s questions are always stupid. They focus on the frivolous pseudo-concerns of AWFLs (Affluent White Female Liberals) and ignore meaningful but manly topics, like a modern heavily-armed peer competitor lying across the Pacific waiting to strike. The Chinese are getting ready for war, and these ninnies were freaking out about the temperature in a century. The Chi Coms are busy building coal plants and a giant navy. Contrary to the mindset of these pampered harpies, you can’t defeat a navy by wagging your finger at it and calling it names.

They said something wrong about the situation with Haitians in Springfield, and when JD Vance corrected them, their allies labeled it “mansplaining.” Well, apparently, they needed a man to explain it to them because they either didn’t have any idea what they were talking about, which is pretty likely, or they were lying to the audience, which is equally likely. Regardless, lefteminists have this strange expectation that somehow women are both equal and hors de combat. They want to be just like the boys, but when the boys treat them just like the boys, they cry. Twitter was full of mediocre matrons whining about how JD Vance dared to talk over the mediocre moderators. Too bad, ladies. Welcome to equality. Thicken that skin and stop bawling every time someone points out how you’re lame.

Leftist feminism was never about empowering women. It has always been an agenda that is really just emotional therapy for people with mental disorders – the rate of mental illness among liberal women is absolutely off the charts – as well as a tool of outright communism. It has nothing to do with actual women. Liberal feminists don’t care about women. They don’t care about the women being trafficked into America, so their preferred political party can replace their disfavored voter demographics. They don’t care about the women being raped in the United States both by the illegals and by the criminal constituency of the Democratic Party. They don’t care about women being killed, not by abortion bans that save the lives of children but by medical malpractice associated with dangerous abortion drugs they treat as holy objects. They don’t care about women being killed on military misadventures, and, given the chance, they will happily draft women as cannon fodder – only not their own special snowflake daughters. If you think you’re going to see Kamala Harris’s mutant stepdaughter or her clique in uniform, you’re gobbling psychedelic mushrooms. Dying overseas is what kids like yours do. Their kids get their student loans paid, also by you.

And, of course, there’s Kamala Harris’s slap-happy husband. He’s the guy that Jen Psaki announced was redefining masculinity. And, of course, Tim Walz is out there redefining masculinity, too, as basically not masculine at all. That mincing goof’s antics are enough to make the word “sissy” great again. You know, I never thought I’d be saying that about a command sergeant major, and it turns out that I’m not!

Anyway, We all know about the story of the second gentleman impregnating the nanny and then having her abort the kid. This is in line with a lot of Democrat heroes and their attitude towards women. Ted Kennedy, Bill Clinton, John Edwards – every one of them was/is a feminist, and every one of them was/is a scumbag.

And now there’s the revelation, ignored by the regime media, that Kamala Harris’s husband slapped around his girlfriend in public. Think about that. He slapped around his girlfriend. Who the hell does that? 

Yet, the lefteminists love these guys. There’s that old saw about how women dig bad boys – the biker, the pirate, any dude who plays by his own rules. But Douggie isn’t even a legitimate bad boy. This is a sick, pathetic loser who can’t control himself and has to strike his gal because he’s intimidated because she talked to another guy. That’s not masculinity. It would be properly labeled “toxic masculinity,” but lefty feminists clearly don’t mind toxic masculinity. Bizarrely, they seem attracted to it. And this reaffirms that lefteminism is not a political ideology nor a set of coherent beliefs, but rather a salve for wounded psyches. 

Leftist feminists have done incredible damage to our culture with their narcissism and moral illiteracy. The only question is who they’ve hurt more – men or other women.




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Kamala Jumps the Shark on Stephen Colbert Last Night - MEGA CRINGE Stunt...



Kamala Jumps the Shark on Stephen Colbert Last Night - MEGA CRINGE Stunt...




When one thinks Kamala Harris cannot get more clueless and cringe, she expertly manages to one-up herself.

Harris appeared on the “Late Show with Stephen Colbert” Tuesday night as part of her media blitz after minimizing public appearances since seizing the Democratic Party nomination during the coup of Joe Biden. Polls show her falling behind President Trump in several key states.

Unsurprisingly, the Trump-hating Colbert slobbered all over Harris and did everything possible to make herself relatable to undecided American voters who still don’t know much about her. But despite Colbert’s insane efforts, Harris still blew up spectacularly.







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FEMA's Ridiculous New 'Hurricane Misinformation' Website Needs Some Serious Fact Checking


Teri Christoph reporting for RedState 

How do you know when you're being lied to by the political left? Well, yes, when their lips are moving, but also when they scream "Disinformation!" Such is the case with Biden-Harris's FEMA, which has announced a new website to address what they're calling "hurricane disinformation." The translation of that nonsense little phrase being that they were caught with their pants down after Hurricane Helene, whether accidentally or deliberately, and it's all the fault of disinformation. 

The whole thing is straight out of the Democrat Party operating manual. 

First, you start with an emergency. Riots, fires, hurricanes — any old emergency will do. In this case, we have a hurricane that devastated a significant portion of western North Carolina, home to a uniquely American population of mountain kin and artsy leftists. It's not the coastal elite and deep-pocketed Democrat donors being affected, so a tepid response is adequate.

Then, you roll out said tepid response. A pallet of water here, a few Army guys there – maybe throw in a wholly inadequate check in the amount of $750 for good measure – and now you can say you've mobilized your troops.

Next, you get your friends in the media to downplay, or downright deny, the catastrophe because it's not politically expedient during a presidential election year. This is the most important step in building your "disinformation" narrative, and you needn't worry that the media won't comply. They will.

Finally, having been called out for being a colossal failure, you deflect with the tried-and-true "disinformation" trope. Adding a website where you can search by so-called "rumor" is the cherry on top of the communist sundae. 

The whole thing is playing out in real time right before our eyes, with FEMA director Deanne Criswell holding a press conference Tuesday to bemoan that the level of the perceived mis- and dis-information is something she's "never seen before." She added, "I anticipated some of this, but not to the extent that we're seeing this."

To quote the great Florida Governor Ron DeSantis, she should look in the mirror.

Criswell is deeply worried that all of the kerfuffle will adversely affect FEMA employees:

"If it creates so much fear that my staff doesn't want to go out in the field, then we're not going to be in a position where we can help people," she added. "I worry that they won't apply for assistance, which means I can't get them the necessary items they need to support them."

Imagine how the people of storm-ravaged North Carolina will feel when, in the face of the disastrous response by the federal government, they hear that FEMA is wasting time and resources on a rumor website. They know the truth about FEMA. Forget misinformation; we're dealing with criminally bad mismanagement here. 

The goal of the website is abundantly clear when you open it up. 

Do your part to the stop the spread of rumors by doing three easy things: 

  1. Find trusted sources of information. 
  2. Share information from trusted sources. 
  3. Discourage others from sharing information from unverified sources. 

Jawohl!

This sounds a heck of a lot like COVID days, when Americans were encouraged to turn in their neighbors who dared not comply with the draconian government restrictions. (Heck, even everyone's favorite knucklehead himself, Minnesota Governor Tim Walz, set up a tattle-tale hotline.) FEMA knows they've lost the PR war and is trying to deflect responsibility by blaming everyone but themselves.

There's a lot of gobbledegook on the site, but one "debunked rumor" stood out:

Rumor: FEMA distributes aid based on demographic characteristics.

Fact: FEMA provides assistance to survivors regardless of race, color, national origin, sex, sexual orientation, religion, age, disability, English proficiency or economic status.

Well, that's demonstrably false. FEMA itself held a webinar just last year "trumpeting the urgent need to move away from policies that benefit the greatest number of people and instead turn focus toward 'disaster equity' where aid is distributed based on innate characteristics like sexual orientation and gender identity." 

The site also tried to debunk the "rumor" that FEMA is out of funds for disaster relief, as reported by DHS' own head honcho, Alejandro Mayorkas

Rumor: FEMA does not have enough money to provide disaster assistance for Helene.

Fact: FEMA has enough money right now for immediate response and recovery needs. If you were affected by Helene, do not hesitate to apply for disaster assistance as there is a variety of help available for different needs.

FEMA is ratcheting up its Keystone Cops routine at exactly the wrong time, with Hurricane Milton tracking at top speeds toward Florida. The bottom line is, if you're doing your job and you're doing it well, you don't need to waste time and resources on trying to prove that you are. FEMA is flailing, and we all know it.



The October 8th War

The October 8th War

An unfathomable number of keystrokes (we don’t talk about spilling ink because that’s no longer a thing) was devoted yesterday to the anniversary of the October 7 massacre. Appropriately so. That attack by the Hamas terrorist organization kicked off a seven-front war that has now dragged on for a year. However, when historians look back on this conflict, October 8 may be viewed as a more significant marker.

October 8, 2023, was the day that Hezbollah, Iran’s more powerful proxy, began firing at Israel from Lebanon. The volume of fire that Israel has sustained since then is not well understood. Hezbollah has launched an estimated 10,000 rockets, missiles and drones at Israel since the fighting began. Entire swaths of Israel’s northern territory have been evacuated. The damage has yet to be assessed.

This war is still evolving. The Israelis are hammering Hezbollah relentlessly right now, with a combination of lethal air strikes and limited ground maneuvers in southern Lebanon. But this was not the case for nearly eleven months. The way the war evolved in the north was downright bizarre.

Even as Israelis sustained blow after blow from the Iranian proxy, they limited their responses to tit-for-tat, commensurate strikes. This remarkable restraint was encouraged—perhaps ordered—by the Biden White House. Under any other circumstances, the Israelis would have flattened Dahiyeh, Hezbollah’s stronghold in Beirut, long ago. They would have carried out a massive campaign in southern Lebanon to remove the threat along their northern border.

But they didn’t. The Biden White House was petrified of a Lebanon war. The Israelis didn’t want one either. And for good reason. Hezbollah is perhaps the most deadly foe Israel has faced in its entire history. Israeli security officials believe the group’s military capabilities are on par with a mid-size European military (think Czech Republic or similar). The group has (or at least it had) an estimated 200,000 projectiles. It has precision-guided munitions. It has a fleet of underwater and aerial drones. And its fighters have trained alongside the Russia and Iranian militaries.

The Israelis have spent years trying to prevent advanced Iranian weapons from reaching Hezbollah. This was the thrust of the “Campaign Between the Wars” that Israel waged for roughly a decade before the current war erupted. The goal was to delay the inevitable. But that clock ran out on October 8.

Given the gravity of the threat and given that Hezbollah had clearly joined the war less than 24 hours after the Hamas pogrom in southern Israel, there were many in the Israeli security establishment who were inclined to head north to fight Hezbollah immediately after 10/7. Biden said don’t. He set the Israelis on the path of war with Hamas in Gaza, and that postponed the inevitable for a time.

Realistically, Hamas was only going keep the Israelis busy for so long. The Iranian proxy group in Gaza is now effectively a spent force. That doesn’t mean it won’t occasionally carry out a successful rocket attack or snipe an Israeli soldier. Those things will happen. But the Israelis are now confident that it will be a decade or more before the group can rebuild, if it ever does. And that’s why the attention has turned north.

It’s hard to say exactly when the Israeli counteroffensive began. It might have been the targeted strike on terrorist mastermind Fouad Shukr in the heart of Beirut on July 31. Perhaps it was the Mossad’s ingenious exploding pager and walkie-talkie operation that killed, maimed and injured hundreds of Hezbollah commanders on September 17. Or it could have simply been the thundering series of air strikes that felled Hezbollah’s longtime leader, Hassan Nasrallah, on September 27. It almost doesn’t matter at this point. The long-feared “war of the north” is now fully underway.

There is a temptation to say that Israel is winning this northern war. The Israelis have destroyed roughly half of Hezbollah’s significant capabilities (how that is determined is hard to grasp, but this is what Israelis who know are saying). And the group’s leadership has been utterly eviscerated. But the fight is far from over. This is evident by the sheer number of rocket, drone, and missile attacks that have been launched by Hezbollah into Israel despite the damage the group has sustained. Unfortunately, there is much more where that came from.

The scenarios the Israelis have sketched out in years past when describing the looming war now upon us have been fodder for nightmares. They include large numbers of casualties and unfathomable damage to iconic buildings, not to mention Israel’s infrastructure. Thankfully, none of that has occurred… yet.  But it’s still possible. And the odds of a fiercer battle will only go up after Israel initiates military strikes inside Iran in response to last week’s barrage of ballistic missiles into Israel. Indeed, the regime will almost certainly instruct its Lebanese proxy to escalate by introducing some of its more advanced capabilities. This will only provoke Israel to strike harder. Up the escalation ladder we go.

The Biden Administration continues to try and head off a wider war. But this is a fool’s errand at this point. The war that began on October 8, one year ago, has clearly entered a new phase. The sheer intensity of it is now impossible to ignore. The Israelis are looking to deliver a knockout blow. Is that even possible?


Kamala Harris Is Poised To Revive The Worst Aspects Of FDR’s Socialist Agenda


Kamala Harris seems to think quoting FDR will reassure voters, but it should terrify them.



At the Economic Club of Pittsburgh, Democratic presidential candidate Kamala Harris recently said she would “engage in what Franklin Roosevelt called ‘bold, persistent experimentation,’” as he had told the 1932 graduating class at Oglethorpe University. But she did not mention FDR’s vision of “remaking the world,” which included fundamentally changing “our popular economic thought” to see to “a wiser, more equitable distribution of the national income.”

Instead, she said she would seek “practical solutions” and even declared, “I am a capitalist.” She said she’s “been working with entrepreneurs and business owners” for her “whole career.” (No one has yet even been able to verify Harris’ job at McDonald’s.)

She also professed her belief in “an active partnership between government and the private sector,” sounding much like FDR at the Commonwealth Club in San Francisco in September 1932. There he called for a new “economic constitutional order” built together by an “enlightened administration” and “enlightened businessmen” who together would “[adjust] production to consumption.”

Indeed, the desire to control production and fix prices was the aim of the largest contributor to the Roosevelt campaign, Wall Street speculator Bernard Baruch. He got the wish he paid for, the NRA (National Recovery Administration). Similarly, Harris supporter and billionaire Mark Cuban is vying for the position as head of the Securities and Exchange Commission and calling those who call Harris a Marxist “idiots.”

It was natural that Harris would quote Roosevelt. Biden referenced FDR in his speeches, especially in his last State of the Union address, when he invoked the “Four Freedoms,” which became the basis of his campaign (before it was usurped by Harris). The media hailed Barack Obama as the second coming of FDR, with the Nov. 24, 2008, Time magazine cover showing Obama posed as FDR in a convertible, clenching the characteristic cigarette-holder.

But as Ben Shapiro pointed out, Roosevelt’s “bold, persistent experimentation” actually prolonged the Depression. So also warned James Freeman. Relying on Amity Shlaes, Freeman noted that FDR’s impulsiveness made it impossible for businesses to plan ahead.

FDR’s Ignorance

Indeed, as I point out in my book, FDR was barely capable of keeping a sustained thought, flitting from one subject to another, like Harris does in “word salads.” He would tell two advisors with diametrically opposed solutions to compromise. He would incorporate contradictory statements into the same speech. He was ignorant about economics and made no effort to learn. Prejudices learned in childhood guided his foreign policy.

Yet, he felt himself qualified to plan the economy and the lives of all Americans.

FDR experimented, indeed. He followed the economic theories of his Brain Trust (“cornfield philosophers” with Ph.D.s, as John T. Flynn called them). Instead of letting prices bottom out and the economy recover as it had after World War I, the Brain Trust ordered farmers late in the spring of 1933 to plow under crops and then taxed processors. The NRA set prices, driving out small businesses.

The result? Food shortages and increased prices for people already hungry.

Harris’ “first-ever federal ban on corporate price gouging” by food companies promises the same results.

The Politically Connected

Another experimental idea was to confiscate the gold that American citizens had been “hoarding.” Average Americans who had tried to protect their investments were ordered, by threat of a 10-year prison term and a $10,000 fine, to hand in gold bars and even Christmas gold coins. FDR then determined the price of gold, sometimes by multiples of “lucky numbers.”

But Baruch kept his gold. Today, politically connected stock market speculators, e.g., those married to the former Democratic Speaker of the House, use advance knowledge about legislation to sell stocks at a profit.

Similarly, Harris’ economic policies will not provide the “opportunity” she promises to all equally. Just as FDR doled out federal funds to court votes, federal funds will be doled out selectively. She promises to increase the startup deduction from $5,000 to $50,000 and “provide low- and no-interest loans” to small businesses. On what basis? Will the loans be forgiven, just like student loans? As business owner Chad O. Jackson asks, is even a $5,000 loan needed to start a business?

Redistribution of Wealth

On MSNBC, after her speech, Harris said that she would cut the “red tape” involved in housing and low-income housing construction. She explained, “some of the work is going to be through what we do in terms of giving benefits and assistance to state and local governments around transit dollars, and looking holistically at the connection between that and housing, and looking holistically at the incentives we in the federal government can create for local and state governments to actually engage in planning in a holistic manner that includes prioritizing affordable housing for working people.”

Out of this holistic mess we can gather that federal assistance will be contingent on where the housing is built (near public transit). Such stipulations indicate more “red tape” and an exacerbation of a housing crisis largely created by the government.

Her “$25,000 down payment assistance for first-time homebuyers,” she explains, would mean “creating the ability of that working person to build intergenerational wealth.”

Like FDR, she wants a redistribution of wealth. Her ideas about “intergenerational wealth,” referred to twice in her speech and then on MSNBC, echo Nikole Hannah-Jones’ argument for reparations because of advantages in white “generational wealth.” Harris is a big fan of Hannah-Jones. She called Hannah-Jones’ 1619 Project a “masterpiece” that told the “truth” of how “the very foundation of our country was built on the backs of enslaved people.” Which first-time homebuyers will get $25,000 from the government? Look at the model Evanston, Illinois, reparations program. Number one priority is “restorative housing.”

Democrats seem to think that quoting FDR will magically reassure voters. Vice presidential candidate Tim Walz tried to salvage a disastrous debate by paraphrasing FDR’s nonsensical statement about having nothing to fear but “fear itself.”

FDR’s Real Legacy

History books, overwhelmingly written by FDR fans, quote his line about fear as if it were a gem of profundity and cast the blame for the extended Depression on other factors, such as obstructionist Republicans and judges. Some argue that FDR did not spend enough money. The fact that he was president during the crisis of depression and war, plus his long-established celebrity status as a Roosevelt, etched him into the national memory as a hero.

Historian David M. Kennedy admits that the Great Depression was “a catastrophic economic crisis that Roosevelt failed to resolve, at least not until World War II came along.” But FDR had “larger purposes.” In 1937, as a second depression hit, FDR worried that economic recovery might be “politically premature.” It might “dismantle the fragile edifice of reforms” he had instituted, and it might weaken the executive branch.

So, Roosevelt’s “reforms” and his power in the executive branch were more important than the well-being of Americans, whose life expectancy was declining. According to Kennedy, the president knew the Depression offered “a rare political opportunity, and Roosevelt made the most of it, to the nation’s lasting benefit.”

What is assumed to be the “lasting benefit” includes such things as unemployment insurance, Social Security, and banking deposit insurance. But these programs’ costs are borne by consumers. Americans’ taxes pay for deposit insurance. While “too big to fail” financial institutions were bailed out during the 2008-2009 recession, average Americans lost their homes. Under Democrat “Green New Deals,” politically connected companies, from Solyndra to Blue Whale Materials, get the loans and contracts. Obama’s make-work plan, with huge signs announcing the American Recovery and Reinvestment Act of 2009 at sidewalks that went nowhere, mimicked the make-work boondoggling of the FDR administration. In both administrations, Washington, D.C., grew and prospered. FDR never really pulled the United States out of the Depression. Obama’s first-term recovery was the slowest one ever.

Like FDR, Kamala Harris is interested in growing the government for political power and transforming the country. If more Americans understood the real FDR, they would be able to see that they do have something to fear: another FDR-like administration.



This Is a Skow-Motion Nationalization of the Economy

This Is a Slow-Motion Nationalization of the Economy

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Global liquidity is expanding. In the past three months, the global money supply has soared by $4.7 trillion. This rapid increase started when the Federal Reserve panicked the first time and delayed the normalization of the balance sheet in June.

Since then, we have seen a chain of fresh stimulus policies implemented by developed economies, adding to the large fiscal packages already in place. Multi-trillion-dollar investment packages like the EU Next Generation Fund now include massive deficit spending plans. However, money velocity is not rising. All these programs only lead to secular stagnation. Government projects and current expenditures are consuming money at an unprecedented rate.

Developed economies cannot live without new and larger spending plans. The result is more debt, weaker productivity growth, and declining real wages.

In a recent report, Bank of America showed that the rise of unproductive debt has created a significant problem for the United States economy. For every dollar of new government debt, the gross domestic product impact has slumped to less than fifty cents. The United States is drowning in unproductive debt. However, at least the United States has some productivity growth. If we look at the euro area, the negative multiplier effect of new government debt is extremely evident. Despite enormous stimulus plans and negative nominal rates, the euro area has been stagnating for years.

Many of you may believe that bad policies and careless government spending are to blame, but I think this is intentional. It is a slow process of nationalizing the economy. Slowly depleting the middle class’s savings due to consistently declining real wages, the government expands its influence in the economy, garnering support from a substantial portion of the populace.

Market participants love this. A new stimulus plan means more money printing, which will bring more liquidity to markets and fuel multiple expansions regardless of weak economic figures. However, my esteemed colleagues should be wiser when hailing the next stage of financial repression. Discontent is rising among citizens, and one way or another, this will end badly.

Debt crises may not appear the same way as they used to. It is not a cataclysmic event but a slow boiling that leads to the same impoverishment.

Neo-Keynesians look at the past four years of the United States economy and claim victory. However, for many in the United States middle class, their impoverishment over the past four years has been like that of Greek citizens in 2009.

When central banks think of a soft landing, they are looking at a gradual erosion of the purchasing power of salaries and deposits. This is precisely what we are experiencing, compounded by the additional burden of higher taxes. There is no such thing as a soft landing. Only government bureaucrats and those who can conceal their wealth from money destruction can benefit from a soft landing.

This new increase in money supply may not bring a fresh burst of inflation because money velocity is not rising as well. However, that means lower investment, lower growth, and lower productivity. Market prices, multiple expansions, and bubbles may appear again, while families and small businesses find themselves in a tougher spot.

The back-to-back chain of stimulus plans shows the failure of Keynesian policies. We used to witness the introduction of a new spending and rate-cutting program a few years after the previous one. Now, governments simply add new programs on top of each other and claim that the economy is about to turn the corner.

Government spending consumes the majority of newly created money, leaving the productive economy with decreasing access to credit, declining currency purchasing power, and wealth confiscation through taxes and currency printing.

According to the most recent OECD report, inflation will be 3.5% with a global growth rate of 3.3% in 2025. The introduction of massive new spending and financial repression programs has resulted in 80% of OECD countries experiencing annual inflation that exceeds their central banks’ target. There is a global policy of absorbing productive and private sector wealth. A few years ago, someone dared to say, “You will not have anything, but you will be happy,” and most people understood the dangers of that promise. Nowadays, no one says it anymore. They’re just implementing it slowly. You will be poorer. Protect yourself from inflation and financial repression, or you will be a dependent subclass.