The new Senate leadership has pledged to finally hold a vote on the audit bill this year, but, despite overwhelming public support, passage of this legislation is by no means assured.
Since the creation of the Federal Reserve in 1913, the dollar has lost over 97 percent of its purchasing power, the US economy has been subjected to a series of painful Federal Reserve-created recessions and depressions, and government has grown to dangerous levels thanks to the Fed’s policy of monetizing the debt. Yet the Federal Reserve still operates under a congressionally-created shroud of secrecy.
No wonder almost 75 percent of the American public supports legislation to audit the Federal Reserve.
In the rush to sensationalize the Paris terrorist attacks and minimize all other news (for example, even more horrendous terrorist attacks in Nigeria), the American media has conveniently overlooked one major ill effect of the public hysteria it is helping to foment.
In a mini-redux of what happened subsequent to the 9/11 attacks, the American public, by confusing what's on TV with reality, is demonstrating what experts call "probability neglect." This phenomenon entails people excessively worrying about a rare event -- for example, a terrorist attack -- but being much less perturbed about much more common ways of dying by eating unhealthy foods, not exercising, smoking, failing to wear a seat belt, etc.
This excessive public fear allows the US government to run wild outside the Constitution and erode the civil liberties that make the United States unique, in the name of saving the populace from "terror" -- for example, unconstitutional indefinite jailing without charge or trial, the creation of kangaroo military tribunals as a substitute for civilian courts, illegally suspending people's right to challenge their detention, torture that violated US and international law, and warrantless surveillance under the Patriot Act and even by violating existing law.
The notion of a New Cold War with Russia first arrived in 2008 with the publication of Edward Lucas' book The New Cold War: The Future of Russia and the Threat to the West. It received some attention at the time, but the cold war construct in its title gained little traction until the 2014. Since the Ukraine has been in crisis the phrase "a New Cold War" has become fairly commonplace in the media. Part of the reason for this is that the emotional memory of the Cold War is still strong and 'cold war' remains an easy, ready and convenient trope for media commentators in need of dramatic content. However, we should be concerned with more than rhetorical overreach by writers of headlines, book titles and opinion pieces.
While "a New Cold War" has not yet been adopted as an official framework for US foreign and military policy, there are many foreign and military policy-makers who will be tempted by its appeal. We should be circumspect about following them down this path.
The Cold War
The original Cold War amplified, displaced, and generalized the post-WWII tension between the USSR and its former Western allies. As it developed it infected and transformed international relations globally, undermining potentials for integration and cooperation everywhere and in every field, including commerce. It fed on itself, rendering many lesser disagreements and disputes intractable once they were sucked into the dominant framework of highly conflictual and militarized relations. From a global and historical perspective, this became an inefficient and destructive dynamic.
Foreign Troops in Ukraine? You Bet!
US-backed president of Ukraine, Petro Poroshenko, was among the elites gathering in Davos, Switzerland this week to attend the 2015 World Economic Forum. During his speech he made the remarkable claim that 9,000 Russian troops were currently fighting in Ukraine on behalf of the independence-seeking areas of the country. These 9,000 troops have brought with them tanks, heavy artillery, and armored vehicles, he claimed. "Is this not aggression?" he asked the gathered elites.
Kucinich: Obama’s Wars Stand in Way of His SOTU Wish List
Commenting Wednesday in a Sky News panel discussion, Ron Paul Institute for Peace and Prosperity Advisory Board Member Dennis Kucinich questioned how President Barack Obama planned to pay for the “wish list” of government programs Obama presented in the State of the Union speech of the previous night while the US spends trillions of dollars on empire.
Breaking the Mold: Rick Sanchez Interviews Ron Paul
In his recent appearance on the Rick Sanchez Show, RPI Chairman Ron Paul discussed why the Founders favored liberty and were very skeptical of democracy. Also, is Obama finally starting to get Cuba policy right? Ron Paul made the point that when he was campaigning down in Miami last time it was the young people who agreed with him most about the futility of maintaining the US embargo of Cuba. What about the drug war? All this and more in a very interesting 20 minute discussion.
Is The FBI Busting Terror Plots or Creating Terror Plots?
Last week's arrest of 20 year old Ohio resident Christopher Lee Cornell for allegedly plotting to shoot up the US Capitol was yet another in dozens of spectacular FBI takedowns of dangerous terrorists out to do all of us harm. Or was it?
Free Speech, Paris, False Flag, US Training to Syrian Rebels - McAdams and Taylor's Foreign Policy Week in Review
RPI Director Daniel McAdams joins Jay Taylor to look back on the week in foreign affairs. The hypocrisy of the Paris "unity" march, the free speech crackdown in France, free speech in the US, the US decision to begin training Syrian rebels with US troops, Ukraine civil war hotting up, and why on earth did RPI run the Paul Craig Roberts article questioning whether the Paris shooting was a false flag?