Is liberty only on the left?

So says Wally Conger in an interview with Sunny Maravillosa via Tom Ender at Endervidualism):

“Wally: It can be confusing, can’t it? [laughs] But I try to keep it simple. I’m a Hess-Konkin fundamentalist on left and right designations for the broad political landscape. Given Rothbard’s claim that our libertarian forebears were late 18th, early 19th century classical liberal “leftists”, and subscribing, as Hess and Konkin did, to the idea that politics follows a straight line, not a circle, I believe liberty lies in the leftward direction and culminates at the farthest left in statelessness, or anarchism. Likewise, as you travel rightward along the line, you move toward bureaucracy and concentrated power and wealth. That direction terminates in, well, tyranny, despotism, and repression. Adolph Hitler, Joseph Stalin, Winston Churchill, and FDR were all men of the right. Fidel Castro oversees a right regime. George W. Bush, of course, falls on the extreme right, as do Hillary Clinton, John McCain, and the reptilian Chuck Schumer. Whatever their rhetoric, they all believe in consolidating power into the fewest possible hands….”

Comment:

While I like Conger’s optimism, I am not sure that I follow this argument. There are too many ideas here not fully teased out. What is power, exactly? How is liberty affected by power – whichever version of power we are talking about?

As for politics being a straight line – I simply don’t buy it. Human interaction and ideological cross-pollination are so complex, many- layered and dynamic that any two-dimensional model is on its face suspect….

Financial Follies: Banana Republicans…..

Now, here in the US, we are supposed to be geographically challenged, i.e., we enjoy a deficit in social studies information of the kind that runs — what is the capital of Outer Mongolia and name its three leading exports. Ok..guilty as charged.

But guess what, turns out we don’t even know where we’ve been living all these years.

The U.S of A? Nope. Turns out, we’re Zimbabwe:

Here’s Puru Saxena on our banana republic:

“Take a look at the annual money-supply growth rates around the world –

US +12%
Euro zone +13%
Britain +14%
China +20%
Russia +51%
India +23%
S. Africa +22%
Brazil +12%

Now, you don’t have to be a NASA-scientist to figure out that as the quantity of money increases, each unit of money will continue to lose its value or purchasing power against assets whose supply cannot be increased at the same pace. This confiscation of purchasing power has bullish implications for precious metals.

Today, several highly-intelligent economists and analysts are anxiously waiting for “The Crash” which will wipe out the value of the Dow Jones by 50-60%, cut the value of gold by half, cause an economic depression and create a vicious bear-market in asset prices. In my humble opinion, these people are going to be disappointed because “The Crash” will be stealth and will take place via plummeting currencies rather than an outright collapse in nominal asset-prices. Those who are forecasting a significant decline in US asset prices need to look no further than Zimbabwe where stocks have been making record-highs, albeit in a collapsing currency!”

PS: The figures for the growth of M3 in the US were removed from the official stats sometime last year, I believe, but are available at a number of websites, such as, nowandfutures.com.

Now, the US rate doesn’t even look that bad next to some other places, like Russia, for instance. But should Russia, in its current state, with its huge criminal element, be the standard for the US? And note, please, that official Consumer Price Index numbers are massaged in various ways so that inflation rates are heavily disguised. Money supply increases seem only to be boosting asset prices and not hitting the grocery shelves right now, but that’s because we aren’t thinking about things like the massive growth in insurance rates, especially health insurance, but also home insurance costs, increases in rents (not as high as increases in house prices but still growing in most major cities), and another big one, increases in college tuition costs. The important thing is that in India, for example, money supply increases and asset prices inflation, while also bad, have at least been accompanied by increases in salaries (in some sectors) and growth in productivity. Not the case in the US, as far as I can tell…..where growth has been largely in the housing sector (in addition to the burgeoning of the health- care sector).

Iraq war-mongering: Where humanitarian intervention leads…

This is the government we don’t trust to send our mail properly, remember. What were we thinking getting them into the job of nation-building?

Nation-building? Is this an army or a focus group? Next, we’ll hear someone telling us they want to “address the issues” and “come together as a community.”

Yes. That’s what all those daisy-cutters are about. Nation-building.

 

 

Did you know that:

 

  • Did you know that there is deliberate ethnic cleansing – often by government-linked militias. Baghdad, say US military officials, has gone from 65% Sunni to 75% Shiite over the last four years (that includes Christians who used to live at peace with Muslims there before).
  • Did you know that a 2006 Johns Hopkins University study estimated the death count at 655,000 .While the study is controversial, it used the same methodology to establish the death count at Darfur – which no one is questioning — and in the Congo. Several hundred thousand is what most experts agree on.
  • 79% of Iraqis oppose the continuing presence of Coalition forces in Iraq, and 47% are so desperate as to want an immediate departure. 67% of people around the world polled by the World Service want withdrawal within a year. There are currently 168,000 US troops in Iraq. General Petraeus has announced the possibility of 30,000 combat troops being withdrawn by summer 2008. This would only bring the US troop level back to the point it was at in January 2007 – and, indeed, in 2003.

Time to wake up from the bad dream, everyone. Your job is to get the attention of the next person who is planning on voting for our two-faced one-party system and get them to see the light. If rivers of blood don’t move them – and they probably won’t – tell them that nuclear war in the Middle East is really, really bad for the air quality in Israel too; the housing market is coming unstuck, which means no more home-equity ATM machine; and 2-3 billion Asians are not going to go away any time soon.

The thinking around here needs to make room for all of the above or it can be confidently certified delusional.

Oh, and do a little research and let them know the history of the Darby Bible, while you’re at it…..

Bubble trouble…

 

WASHINGTON (MarketWatch) — The U.S. economy will fall perilously close to recession in the next year, but will probably continue to grow at a very slow pace, according to the latest UCLA Anderson Forecast released Wednesday.

Strong growth in exports and business investment should be enough to avoid a “classic recession,” said economists at the UCLA Anderson School of Management.”

 

More at Market Watch. Apparently, the Anderson school was one of the few to predict the 2001 recession, so this should be less of a sheep-entrail reading than the average bunch of economic soothsayers produces.

 

 

 

Ron Paul Revolution: Before the war on terror, there was the war on logic…

From a letter to co-author Bill Bonner, at the Daily Reckoning, complaining about support for Ron Paul:

“We are spending as much now as we did during WWII for the exact same purpose. Like it or not, we are in WWIII, a war against men as evil as Hitler, Mussolini, Hirohito. Fascist, unconscionable Muslim terrorist rats, determined (they’ve said so) to destroy you, me, our children and our way of life. “I’m a Korean Veteran. I know what I was fighting for. Do you? Ron Paul sure doesn’t. What in the world do core libertarian beliefs in limited economic and social constitutional government have to do with the war in Iraq? A great many libertarians want us to win this war because all Americans would then be safer. Defeat would greatly strengthen those who have declared war on us….”

If anyone needs to be answered, it is not the Bush administration, but men like these – brave, honorable, sincere.

So how does one answer them?

1. America was much more powerful in the world in economic terms in World War II than she is today. Her relative strength is much less now. She cannot succeed militarily without the close cooperation of allies and neutral parties. Her interests all over the world would be threatened in the most dire way, otherwise. One example — the Chinese hold US debt to an unparalleled degree; the Chinese are also negotiating with Iran over a number of issues. They would certainly take a strike against Iran negatively.

2. Muslims constitute over a billion of the world’s people, spread out not just in the Middle East, but in Asia, where American interests are at stake as well. Some of these countries, like Malaysia, are players in the Asian growth story and are close enough to China and India that destabilization or Islamicization there wouldl have a spill-over effect. Should things turn ugly, that would drive out US and European multinationals. The fall-out on the global economy would be completely unpredicatble but probably huge.

3. International cooperation – especially with Muslim countries – is absolutely central to the war on terror. That cannot be obtained simply by coddling or bribing unpopular Muslim governments. It has to result from a perception by moderate Muslims that the war on terror really is just that, and not a war on Islam.

3. Terrorism is a tactic, used by all sorts of aggrieved political interests, from the IRA to the Tamil Tigers to Al Qaeda. It is less expensive to talk and negotiate with terrorists than to throw billions of dollars down a black hole of strategic blundering and corruption. It also works better. That is not appeasement. Let’s not get bamboozled by words. There is a time to negotiate and a time to talk tough. Right now, the cards are not with the US at all — no matter how the White House spins it. The cards aren’t with any single person or country or institution. They’ve been shuffled, reshuffled, thrown around and hidden up so many sleeves that it’s any one’s guess where the joker is….or who holds it…..or how it will be played.

4. Military analysts actually consider the Cold War, World War III. They consider the War on Terror, WW IV. Isn’t it convenient that they’re able to keep track of the decades with wars? Doesn’t it make you wonder? If any of these wars were all that successful, they would have led to prolonged peace. They didn’t. Why is that?

More to come

Bush falling back on Saddam loyalists….

“The American administration is now using the very Sunni tribes that Saddam had worked with, mainly by purchasing their loyalty. It is very significant that Bush during his visit to Iraq a few days ago went to Anbar province rather than Baghdad, reflecting the realization that Nouri al-Maliki’s government is no longer the chosen vehicle for attaining America’s goals.

SPIEGEL: How does Washington plan to go about the business of ending the war?

KOLKO: There is utter confusion in Washington about how to end this morass. Goals are similar but the means to attain them are increasingly changing, confused, and as victory becomes more elusive so too does this administration look pathetic. The ‘surge’ in the opinion of a majority of quite conservative Establishment foreign policy experts (80 percent of whom had once served in government) was failing; the administration’s handling of the war, in their view, was dismal. In fact, it is disastrous…”

Ron Paul on Bill O’Reilly: Blow-back

Well – I have to say that Bill O’Reilly surprised me by letting Ron Paul actually get a sentence in edge-wise.

And then – wonder of wonders – we heard about the overthrow of Mossadegh, Iran’s one-time PM, and US involvement in the Iran-Iraq war in the 1980s. Now, when was the last time you heard that on Bill O’Reilly, or on any other popular talk show?

Of course, the pleasant feeling quickly disappeared when Paul was replaced by Michelle Malkin, FOX’s resident constitutional genius on civil liberties, who averred that the Petraeus ad represented the low point of American politics.

Tsk Tsk.

We have the worst strategic blunder in US postwar history (forget the humanitarian angle), a 50% chance of a recession bigger than any since the 1930s, and a presidential candidate who is at last getting up and telling the truth about American foreign policy.

But what are the talking heads bloviating about?

An ad…

Perceptions…

Style over substance.

Dan Abrams at 9 PM was at least honest:

“We are changing the way we are talking about it [Iraq] because it didn’t work out the way we wanted it to….In essence, we failed.”

And Pat Buchanan, talking to Abrams, was even more blunt . Talking about why we can’t get out immediately (so he thinks), he admitted:

“We have to stay the course to prevent a strategic catastrophe, a humanitarian disaster, and an Iranian take over…”

Nice to figure out finally what “Mission Accomplished” meant.

Media Watch: Kossacks and Move On tell it like is…

It was a pleasure to hear some sharp truth-telling on Chris Matthews’ Hardball tonight.

Call a spade a spade, said Eli Parisier and Markos Moulitsas defending their controversial ad calling General Petraeus General Betray Us.

Frankly, I would have have phrased that differently — no need to impugn anyone’s patriotism. That didn’t help.
Nonetheless, their point was a good one:

Why get so worked up about an admittedly harsh ad — when tens of thousands of lives and billions of dollars are being wasted in a blood bath half way across the globe that serves no use except to fuel more terrorism?

War is the central issue for libertarians, right or left. We can fight about Cesar Chavez or Hugo Chavez afterwards……

Second thoughts:

On the other hand, calling Petraeus a traitor only makes it more difficult for Republicans to oppose the general….and now I hear Dennis Kucinich is in Syria talking about the illegality of the US occupation.

Sometimes I wonder if people are actually interested in changing things or getting their message across in an effective way at all…