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Category: Trade

A Conspiracy Theory on COVID-19

One conspiracy theory, not that I believe it (although given the sick nature of the Chinese rulers it’s not unbelievable), is that the Chinese intentionally caused the COVID-19 coronavirus to spread onto the U.S. in order to cause panic and hysteria, such as we are seeing now with business and school closings and event cancellations, and a negative crashing effect in the stock markets as we are also seeing now. The Dow crashed down from its high of 29,000+ to 21,000. (However, it was at 19,000+ just three years ago when Trump took office, FWIW.)

Given that the Chinese rulers are extremely sick psychopaths in their evil treatment of their own people such as with the concentration camps, a.k.a. “re-education camps,” and their authoritarian social credit score system, it should not be a big surprise if the above conspiracy theory actually were correct.

But would the Chinese rulers have some kind of motive to do such a terrible thing, if that were the case? Well, yes they would have a motive, it could be their way of retaliating against Donald Trump and his collectivistic trade war that he started against the Chinese, which has been having quite a negative effect on the Chinese economy.

And yes, Trump started the war, and for no good reason. He has stated many years ago that he wants to start a trade war with China, as I wrote in a 2011 post.

Trump is an extremely ignorant collectivist, in which he seems to believe that “America trades with other countries,” when no, individuals and businesses in the U.S. have trades, contracts and transactions with other individuals and businesses here and in other countries.

As Don Boudreaux wrote in a November, 2018 article,

The American economy, though, is not remotely analogous to Caterpillar, Inc. Americans do not work for America, Inc. And there are no goods or services that we Americans are managed as workers to produce for sale to non-Americans. America is not a business that operates according to a shared, unitary plan the success or failure of which is recorded on a meaningful budget. Thus, the American economy – unlike an actual business firm, household, or government – is not an organization that can spend too much or go into debt. In reality, America, Inc., does not exist. Being non-existent, it cannot earn, spend, lend, borrow, or budget.

Besides Don Boudreax’s article on trade deficits, see Murray Rothbard, Robert Murphy, and Richard Ebeling as well. Given that Trump is concerned, irrationally, about trade deficits which actually mean nothing in the real world, he has no concern at all about deficits that actually do mean something, the U.S. government’s budget deficit and Trump’s trillion-dollar budget deficit!

But if there is a conflict going on economically between the U.S. and China it is one that was either started or greatly exacerbated by Donald Trump, in his ordering tariffs that are really the U.S. government’s way of waging economic warfare on its own people, as well as hitting the Chinese people!

So, China has a motive to retaliate against Trump’s economic warfare. Not that I’m saying that the above conspiracy actually is true or that I believe it. But when we have a leader who is psychopathic, like Donald Trump, he is like past psychopathic leaders of the U.S., including FDR, who initiated an oil embargo against Japan which provoked the Japanese rulers to attack Pearl Harbor.

News and Commentary

Jon Rappoport: China coronavirus hype straight out of the CDC flu playbook, and Coronavirus covert operation.

Dana Loesch: The Bloomberg Oppo List.

Ron Paul: Trump’s betrayal of Julian Assange.

Aaron Kesel: Assange’s lawyer says U.S. government wanted to kill WikiLeaks founder and make it look like an accident.

Caitlin Johnstone: The Julian Assange case: Should journalists be punished for exposing war crimes?

Daniel Lazare asks, Did WikiLeaks put lives at risk?

Patrick Cockburn: With WikiLeaks, Julian Assange did what all journalists should do.

Zero Hedge: Chief magistrate in Assange extradition received financial benefits from shadowy groups.

Neenah Payne: Ron Paul and Jennifer Zeng warn Americans about socialism.

Jacob Hornberger: Socialism in America.

Richard Ebeling: The technocrats will not save us.

Thomas DiLorenzo: Secession fever in America: What would Lincoln think?

Robert Wenzel: The confused plastic bag haters.

John Hanna: New Jersey public schools to teach LGBT ideology in every subject.

Sheldon Richman: Might you be a libertarian?

Dave DeCamp: Intelligence [sic] officials sow discord by stoking fear of Russian election meddling.

Byron York asks, Is the intelligence [sic] community planning to meddle in the 2020 election?

Laurence Vance: Minimum-wage laws, child-labor laws, and overtime-pay laws have no place in a free society.

Donald Boudreaux: Free trade in ten easy points.

Bill Blunden: The bogus Big Brother-Big Tech brawl over backdoors.

Gary Barnett: Another whistleblower “suicide”: Philip Haney.

Danny Sjursen: Where have you gone, Smedley Butler?

William Luther asks, Why is Maduro pushing the Petro?

James Bovard: Mass college hunger is a statistical sham.

And Justin Murray: Why it’s so hard to escape America’s “anti-poverty” programs.

News and Commentary

James Bovard on REAL ID in police state Amerika.

Aaron Kesel: London police implement real-time facial recognition devices; U.S. follows with first fully biometric airport. (More police state Amerika.)

Jacob Hornberger comments on the impeachment circus.

Caitlin Johnstone has good news regarding Julian Assange.

Arjun Walia: Association of American Physicians and Surgeons sues Rep. Adam Schiff for abuse of power to censor vaccine facts.

Julia Conley: Two key architects of CIA torture testify under oath in Guantanamo Bay. (“Doctors”!)

Per Bylund: Economics: The “other side” of politics.

Becky Akers says, Blame Leviathan, not us.

Paul Sperry: “Whistleblower” was overheard in 2017 discussing how to remove Trump.

Paul Craig Roberts on making sense of the impeachment charges.

Edward Curtin: The government that honors Martin Luther King, Jr. with a national holiday killed him.

Thomas DiLorenzo: Trump vs. Lincoln: What’s a Republican to think?

And Matheus Fialho Vieira says that trade sanctions are both immoral and ineffective.

More News and Commentary

Jacob Hornberger discusses Max Boot and vicarious courage in Syria, and says that politicians live in a parallel universe.

Craig Murray on what he saw when Julian Assange appeared in court in the U.K.

Caitlin Johnstone says that only cowards and sadists support the persecution of Assange.

Zero Hedge with an article on CIA analysts lawyering up as Brennan, Clapper ensnared in Russiagate probe.

Jon Rappoport on Apple kneeling before China.

Health Impact News with an article on an Arizona senator threatened by fellow lawmaker for stating that foster kids are being sold into sexual slavery, and an article on CPS medical kidnappings and sex trafficking in Philadelphia.

John Walsh on paternalistic noninterventionism, Venezuela and Hong Kong.

Jonathan Cook says that Democrats helped cultivate the barbarism of ISIS.

Laurence Vance on religious discrimination.

WND with an article on court ruling that a mother can force her son into transgender life.

Richard Ebeling on collectivist revivalism and the new attack on liberty.

Robert Bridge says that the American “deep state” would sooner sacrifice the republic than lose again to Donald Trump.

Michael Snyder on civil unrest all over the world.

Matt Taibbi on Hillary accusing Tulsi Gabbard of being a Russian asset.

And Zero Hedge with an article on Greta Thunberg sailing toward public criticism.

News and Commentary

Aaron Kesel with an article on Google, Facebook, Twitter meeting with government officials to figure out how to weed out “fake news” during the 2020 election. (What could go wrong?)

Dagney Taggart on Trump’s new fave: a new social credit plan with Big Tech and Big Brother and Big Government colluding to further gun control efforts. (See above.)

Jessica Prol Smith and Jeremy Tedesco discuss the SPLC’s dishonest slandering of others with whom they disagree as “hateful.”

Caitlin Johnstone has some meditations on Twitter’s silencing of antiwar/non-interventionist voices.

James Bovard on James Comey as a reckless, untrustworthy FBI director.

Barry Brownstein on the myth that our planet faces an overpopulation crisis.

Mike Adams says that Bernie Sanders has announced support for global eugenics and depopulation, and called on accelerating abortions in countries populated by people of color.

Robert Murphy asks, Do migrants drain wealth from America when they send money home?

Eric Margolis on Trump’s foolish trade war.

David Stockman on Trump’s fake MAGA and fake markets.

And the Daily Mail with an article by former FBI agent Mike German who says that Robert Mueller and James Comey made the FBI a threat to democracy, lost public trust in its agents and clouded Donald Trump’s presidency by going political.

Trump the Egomaniacal Fascist Ignoramus

Like more mass shootings in Texas we have Hurricane Dorian to serve as a distraction away from the real news of Donald Trump continuing to Make America Worse Again with his trade idiocy and other fascist policies.

Trump’s tariff-taxes are really fines because they are Trump’s way of punishing consumers for their purchasing choices, which The Donald doesn’t like. So he’s a fascist, as well as an ignoramus.

When the gubmint imposes fines against consumers and distorts the markets, it then likely becomes more expensive for people to get what they want or need, and thus the people’s standard of living declines. Nevertheless, what’s important to Trump is that he imposes his ignorance on the people. That’s what matters to fascists and dictators. (See Venezuela and Maduro.)

Freedom — i.e. free trade and free markets — is what contributes greatly to the rise in the standard of living of the people. We know that from the facts of history.

And by the way, Trump has been on this trade war stuff for years. He has stated that he wants a trade war, so really Trump is the one who started the trade war now.

(In a 2011 post I had linked to a Fox News article quoting Trump in a 2010 interview, in which he said, “I would love to have a trade war with China.” But that link is no longer working, and I can’t find any other articles online quoting Trump from that interview. Hmmm. So I had to link to the Wayback Machine snapshot of that page. Are TPTB going to delete that page, too? We can’t let the people know that Trump has wanted to start a trade war with China for years!)

So yes, Trump started this trade war, because he wants to have a trade war with a “big” country, to make himself feel big and tough, regardless of how reckless and destructive such actions are. It’s all about Trump and his pathetic, weak little ego. So with his tariff-tax fines he is really punishing Americans for their purchasing choices. “Do what I say, because I’m the boss, or else!” the fascist demands.

Sure, he might really believe the myths and fairy tales about trade deficits, and he might really believe what he’s saying in his ignorant rants and tweets, but even if Mnuchin, Kudlow and others are advising him to knock it off he won’t listen to anything that goes against his long-held fantastical false beliefs.

And as I wrote in an earlier post, “trade deficits” mean nothing. They have nothing to do with anything of a “competitive” nature. As Don Boudreaux pointed out, America as a whole nation, Americans and their businesses are not representing a single entity “America” and competing with businesspeople in any other country as a single entity.

The American economy, though, is not remotely analogous to Caterpillar, Inc. Americans do not work for America, Inc. And there are no goods or services that we Americans are managed as workers to produce for sale to non-Americans. America is not a business that operates according to a shared, unitary plan the success or failure of which is recorded on a meaningful budget. Thus, the American economy – unlike an actual business firm, household, or government – is not an organization that can spend too much or go into debt. In reality, America, Inc., does not exist. Being non-existent, it cannot earn, spend, lend, borrow, or budget.

No, in reality (which is not where Trump is living, for sure), each business is competing with other businesses to earn the purchases of consumers. So this “trade deficit” thing means nothing in the real world.

But the deficits that DO matter are the ones that ignorant Trump DOESN’T care about: the BUDGET deficit! As I wrote in an earlier post, Trump and his fellow Democrats and Rethuglicans are spending like drunken sailors and squandering taxpayer money away, a $4 trillion budget with a deficit of nearly $1 trillion. Jeepers, give a “businessman” government power and other people’s money and he’ll squander it away, just like the rest of the corrupt, short-sighted bureaucrats in Washington.

Read Laurence Vance on how the Repugnicans in CONgress are just as much big-spending crooks as the Democrats.

But Trump loves government power, the power to steal the earnings away from the people. Don’t be fooled by his tax-cutting rhetoric, or even his actual tax cuts. The individual tax cuts are really a sham in the long term because they will expire in a few years, at which time people’s taxes will go UP. And that’s not even taking into account a possible Democrat getting elected President in 2020 and raising taxes even more. The Trump corporate tax cuts were permanent, but there shouldn’t even be a corporate tax because all the people who own or work for corporations are already being taxed (i.e. robbed by gubmint thugs) from their individual earnings.

Besides Don Boudreax’s article (linked above) on trade deficits, see Murray Rothbard, Robert Murphy, and Richard Ebeling as well.

Besides the trade fascism, The Donald also now wants to empower Big Tech including Amazon and Apple to determine who should own a gun and who should not. See The Daily Caller and the Tenth Amendment Center on that issue.

Do we really want these already-ultra-biased tech companies to use their biased pre-programmed software to decide who is theoretically “potentially violent” and could cause trouble, and thus data to be used by gubmint to disarm totally innocent people who have never harmed anyone based on, what, their political views, or being a part of the non-Left? And at the same time the military is developing a program to detect “fake news” to censor “disinformation,” i.e. information questioning or criticizing government bureaucrats’ decisions.

Does Donald Trump understand that these are bad ideas? Does he understand anything?

It seems obvious to me that Trump was never really a “businessman who didn’t really want to be President but is doing so begrudgingly,” but is in fact someone who had been running for President for decades and decades. Fragile ego needs power over others. These narcissistic megalomaniacs are all the same, in business or politics or religion, or whatever. And look at this piece on Brett Kavanaugh, who, like Elena Kagan, had been running for Supreme Court for decades as well. They’re all the same, flocking to Washington to rule over you.

Immigration and the Anti-Capitalistic Socialists on Conservative Talk Radio

I was listening to “Pat and Stu” filling in for Glenn Beck the other day, and they seemed to be glad that the Trump administration has cracked down on “illegal immigrants” by raiding places of employment. The talk radio Beck flunkies were even sounding like liberals in their show of concern for the “below-minimum wage” work the illegal people were being made to do.

I thought I was going to toss my cookies. These conservatives are pathetic. They’ll say anything and make anything up to justify their irrational anti-free market, anti-capitalistic mentality, and their anti-foreigner tribalism and collectivism.

As Jacob Hornberger and Robert Wenzel point out, the immigrants who were raided and arrested were not the “rapists and murderers” that Donald Trump was complaining about throughout the campaign in 2016. These people were arrested at their jobs, in places of employment, not the welfare office to get on the dole. They aren’t out on the streets selling drugs or engaged in sex trafficking like the now late Jeffrey Epstein allegedly. They are working and honestly providing for themselves and their families.

These immigrants are not criminals. But the people who are criminals are those government goons who are harassing them, violently seizing and detaining them and throwing them in a cage, just because the workers didn’t get the permission of the government to work where they wanted to work and attempting to make a better life for themselves and their families.

Socialism includes having to get government authorization to do what you want to do or go to where you want to go. So, like Rush Limbaugh and Howie Carr and the rest of the ignorant ditto-heads on the radio, “Pat and Stu” on the Beck show certainly qualify as socialists.

In contrast, a true capitalist believes in the free market, in which people sell their labor, goods or services to others and it’s between these traders as long as they are peaceful. They don’t get a government bureaucrat’s authorization or permission, like in the old Soviet Union, Cuba or New York City.

More News and Commentary

Murray Rothbard on altruism vs. materialism in market exchange.

Shikha Dalmia says that conservative nationalists, not immigrants, are having trouble assimilating in America.

Larry Johnson on understanding the roots of the Obama coup against Trump.

John Solomon explains how Mueller deputy Andrew Weissmann’s offer to an oligarch could boomerang on DOJ.

Thomas Knapp discusses the purposes of homeschooling.

Walter Block on whether or not labor can be owned under libertarian law.

And Moon of Alabama says the U.S. stunt in Hong Kong will make other issues more difficult.

Donald Trump Hates Socialism – Except That … He LOVES Socialism

Jacob Hornberger responds to Donald Trump‘s recent tweets of “America, love it or leave it!” and that “We will never be a Socialist or Communist Country…” and Hornberger explains that America turned socialist long ago and that Trump and the conservatives have supported socialist policies for decades and decades.

Some examples that Hornberger gives include Social Security, Medicare, government “public” schools, immigration controls and the national security state. They all involve income confiscation and redistribution, and central planning.

And as I wrote in my July, 2016 article, Libertarians for Socialism, Trump wrote on his campaign website (no longer available, but Wayback Machine snapshot here), government must “make sure that no one slips through the cracks simply because they cannot afford insurance. We must review basic options for Medicaid and work with states to ensure that those who want healthcare coverage can have it.”

And I wrote:

As Trump made clear in his interview last September with Scott Pelley on 60 Minutes, Trump is “going to take care of everybody,” and that “the government’s gonna pay for it.” And he promised to fund all that by raising taxes on the wealthy. In his February appearance on a CNN Town Hall with Anderson Cooper, Trump stated that while he wants to repeal ObamaCare he nevertheless likes the mandate because he doesn’t want “people dying on the streets.” In reference to his Medicaid expansion proposal (which he referred to as “Medicare” in the CNN interview), Trump stated, “That’s not single payer, by the way. That’s called heart. We gotta take care of people that can’t take care of themselves.”

And by “we” he doesn’t mean private charities or businesses, which is the free-market way, but government, which is the failed socialist way.

Here is The Donald in the interview with Scott Pelley, in which Trump explains his support for single-payer, government-run health care:

I also wrote in that article, which appeared on EconomicPolicyJournal.com:

And socialist programs in the U.S. such as Medicare, Medicaid and Social Security are collapsing. But Donald Trump won’t touch Social Security, and, according to his official campaign website, won’t cut anyone’s entitlements.

Obviously that last link which was on Trump’s own campaign website, is no longer available. (Why is there a picture of Hillary on that “Oops!” page?) Here is that page on the Wayback Machine.

Trump won’t touch entitlements because he believes in socialist redistribution of wealth schemes, which is what all those entitlement programs are. He is a socialist.

And this video is a compilation of different Trump interviews and talks in which Trump contradicts Trump and flip-flops like a Romney impersonator.

Anyway, Trump should not say that America will never be a socialist country, when it is a socialist country in many respects. And he can’t say that he is not a socialist when in actuality all his policies are socialist policies. He is one of the most anti-free market, anti-capitalism, anti-private property authoritarian Presidents we have ever had.

So Trump is clueless about what America is all about, which is voluntary exchange and free markets and free trade, not compulsory exchange and government-controlled trade, and America is about private property rights and the voluntary contract. Trump is the one who doesn’t like America and wants to impose governmental intrusions into the economy and into the lives of the people.

Yes, his tax cuts helped to get businesses to raise their wages and salaries and give employees bonuses, and make more investments. But Trump still loves the income tax and doesn’t want to abolish it, despite its being a fundamental aspect of the socialist society that he envisions. The income tax is government theft of private property and wealth because it is based on an involuntary exchange, based on coercion and threats. No different from a robber demanding your money or else.

In the end, Trump is no different from the other socialists, from Elizabeth Warren to George W. Bush. Oh, well.