On Tuesday, it was announced that over seventeen million new vehicles were sold in 2015, the highest it’s ever been in United States history. While the media claims that this record has been reached because of drastic improvements to the US economy, they are once again failing to account for the central factor: credit expansion. When interest rates are kept artificially low, individuals are misled into spending more than they otherwise would. In hindsight, they discover that their judgment errors wreaked havoc on their financial well-being. This is a lesson that the country should have learned from the Subprime Crisis … Continue reading

The post The Auto Loan Bubble appeared first on LewRockwell.

Government at every level often seeks to justify its enacting of laws, rules, and regulations by claiming that doing so is for the health and safety of our children. This is the case even when our children are teenagers and young adults. Here are three examples. A crisis exists in the state of New Jersey. It turns out that nineteen and twenty-year-olds in the state “currently purchase about 8.2 million packs of cigarettes per year.” A bill pending in the New Jersey legislature would raise the legal purchasing age for cigarettes and electronic smoking devices to twenty-one. In addition, “almost … Continue reading

The post You Can’t Trust the Government With Your Children appeared first on LewRockwell.

Queen of corruption declares civil disobedience and exercising Second Amendment dangerous

I know your shocked….

In anticipation of tomorrow’s Senate vote on Audit the Fed, Ben Bernanke has resumed his attacks on the bill. Fortunately, the indispensable Paul-Martin Foss of the Carl Menger Center, refutes Bernanke’s […]

The 1979 film The China Syndrome took its name from the darkly humorous notion that a nuclear reactor meltdown in the U.S. would burn straight through the Earth to China. (wikipedia: The China Syndrome) In today’s world, the financial meltdown in

The idiots who rule America are turning Americans into haters of a government that is only answerable to the monied special special interests. if you are not a privilaged American Special Interest, you are nothing. https://www.youtube.com/watch?v=-q7XumVOIII&feature=youtu.be

The post appeared first on PaulCraigRoberts.org.

SPRINGFIELD, Virginia- Today, Campaign for Liberty called on the U.S. Senate to pass Audit the Fed, Senator Rand Paul’s Federal Reserve Transparency Act, S. 2232.

Campaign for Liberty has called on the Senate to take up Audit the Fed […]

In an exclusive, broad-ranging interview with Germany’s leading mass-tabloid Bildzeitung, published today but conducted on Jan. 5 in Sochi, Russian President Vladimir Putin intervened in a decisive way against British geopolitics, which were directed particularly against Germany after the fall of the Berlin Wall, and continue to be today, to ensure permanent East-West conflict and war, instead of unity and cooperation through such initiatives as the “One Belt One Road” initiative advanced by BRICS member China and its allies, and Lyndon and Helga LaRouche’s World Land Bridge.

Asked by Bild’s interviewers, “What did we do wrong?” after the end of the Cold War, Putin replied, “we did not overcome Europe’s division: 25 years ago the Berlin Wall fell, but Europe’s division was not overcome, invisible walls simply moved to the East,” he said. “This created the foundation for mutual reproaches, misunderstanding, and crises in the future.” Then Putin revealed that he had reviewed the documents and transcripts of the discussions that took place in 1990, after the Berlin Wall fell, particularly the remarks of Egon Bahr, “already the patriarch of German politics” and a “wise old German.” Then-German Foreign Minister Gerhard Schroeder, Chancellor Helmut Kohl, and Soviet leaders Gorbachev, and Mr. Falin, of the Russian Communist Party’s Central Committee, also participated. Putin underscored that he and Gerhard Schroeder are still good friends.

President Putin reported that Bahr said on June 26, 1990: “If while uniting Germany we do not take decisive steps to overcome the division of Europe into hostile blocs, the developments can take such an unfavourable turn that the USSR will be doomed to international isolation.” Bahr spoke about the necessity to create a new alliance in the center of Europe, the Russian President explained. “Europe should not go to NATO. The whole of Central Europe, either with East Germany or without it, should have formed a separate alliance with participation of both the Soviet Union and the United States. And then he says: ‘NATO as an organisation, at least its military structures, must not extend to include Central Europe.'”

Bahr, Putin added, was “convinced that it was necessary to change the format radically, move away from the times of the Cold War. But we did nothing.” Now, “what Mr. Bahr warned about—that’s what has happened.” The whole of Europe was not united, as Bahr recommended, and instead, “NATO started moving eastward and expanded.”

The Russian President touched again on the NATO question, and the not-unrelated matter of terrorism, which Putin said, “was also used as a means of fighting against Russia” in the 1990’s.

“If anyone had listened to Gerhard Schroeder, to [then-French President] Jacques Chirac, to me, perhaps there would have been none of the recent terrorist attacks in Paris, as there would have been no upsurge of terrorism in Iraq, Libya, or other countries in the Middle East,” Putin went on. “We are faced with common threats, and we still want all countries, both in Europe and the whole world, to join their efforts to combat these threats, and we are still striving for this. I refer not only to terrorism, but also to crime, trafficking in persons, environmental protection, and many other common challenges. Yet this does not mean that it is us who should agree with everything that others decide on these or other matters. Furthermore, if someone is not happy with our stance, they could find a better option than declaring us an enemy every time. Would not it be better to listen to us, to critically reflect on what we say, to agree to something and to look for a common solutions?”

Putin’s discussion of Russia’s relationship with Germany is instructive. Despite everything that has occurred over the past decade, and efforts to “upset our relations through mass media and anti-Russia rhetoric,” relations remain close, because both nations’ people feel an affinity toward each other. Russian-German economic and strategic cooperation produced benefits for both nations, creating jobs, people-to-people and cultural cooperation, setting up the St. Petersburg Dialogue forum, among other things. And, he emphasized, Germany and Russia worked together to try “to prevent negative developments in the Middle East in Iraq, together.”

The “foolish and harmful” sanctions imposed on Russia have hurt both nations, Putin pointed out: trade volume in dollars had dropped by 50%, and many of the jobs created by Russian-German cooperation have been lost. Yet, Putin underscored, “we will overcome the difficulties we are facing today,” as there are still many avenues for cooperation in many areas. Chancellor Merkel and Putin have met regularly at various events,” he said. “I think I met her seven times, and had 20 telephone conversations with her in 2015. …so the relations are still developing, thank God, and I hope they will develop further.”

See the full interview here.

Kit Daniels | GOP frontrunner winning support from Rev. Farrakhan, 20% of Democrats.