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At the Fed, The More Things Change, the More They Stay the Same

Last week, Federal Reserve Chairman Janet Yellen testified before Congress for the first time since replacing Ben Bernanke at the beginning of the month. Her testimony confirmed what many of us suspected, that interventionist Keynesian policies at the Federal Reserve are well-entrenched and far from over. Mrs. Yellen practically bent over backwards to reassure Wall Street that the Fed would continue its accommodative monetary policy well into any new economic recovery. The same monetary policy that got us into this mess will remain in place until the next crisis hits.
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The US Government Makes a Mockery of the Principal-Agent Relationship

US Flags Wash

The philosophical and legal foundation of the US government (and some other governments) is that government officials are the agents of the citizens—in the familiar phrase, those who govern have the “consent of the governed.” An agent, of course, is someone I authorize to act on my behalf. For a host of reasons, this doctrine has always been more or less absurd, but its absurdity has been placed in stark relief recently by the government’s mass spying, which violates the Constitution, various statutes, and many official declarations and promises.

Imagine that I have an agent—for example, I currently have a building contractor in Mexico to whom I have given a legal power of attorney to act in specified ways for a specified duration in carrying out various transactions related to the construction of my house there. Now suppose that my agent refuses to give me full information on his activities performed on my behalf and—outrageous as it might seem—undertakes to spy on me.

Then, when I challenge his defective agency and his unauthorized actions in court, he has the impudence to defend himself on the grounds that I lack standing to sue him and that the secrets he keeps from me are legally unblemished because they are “state secrets.” Obviously no one would tolerate such an agent; nor would any court uphold such blatant highhandedness.
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On Cuba, The Times Just Might Be A’Changin’

The New York Times is reporting that most Americans, including a majority in Florida, favor normalizing relations with Cuba, which would mean a lifting of cruel and brutal economic embargo that the U.S. government has been enforcing against the Cuban people for more than 50 years.

It’s about time.

Maybe Americans are finally figuring out that the embargo is an infringement on the rights and freedoms of the American people, including freedom of travel, freedom of association, and economic liberty.
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Ron Paul Rewind: 'What If..."

"What if the American people woke up and understood that the official reasons for going to war are almost always based on lies and promoted by war propaganda in order to serve special interests?"
- Rep. Ron Paul, US House, Feb. 13, 2009

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Russia's Right Turn

Putin Orthodox

An unfortunate legacy of the Cold War is the negative attitude some American conservatives yet harbor toward Russia. Conditioned for decades to see Russia and the Soviet Union as synonymous, they still view post-communist Russia as a threat. They forget that Tsarist Russia was the most conservative great power, a bastion of Christian monarchy loathed by revolutionaries, Jacobins, and democrats. Joseph de Maistre was not alone among 19th-century conservatives in finding refuge and hope in Russia.

Under President Vladimir Putin, Russia is emerging once more as the leading conservative power. As we witnessed in Russia’s rescue of President Obama from the corner into which he had painted himself on Syria, the Kremlin is today, as the New York Times reports, “Establishing Russia’s role in world affairs not based on the dated Cold War paradigm but rather on its different outlook, which favors state sovereignty and status quo stability over the spread of Western-style democracy.”

In his own Times op-ed on Syria, Putin wrote, “It is alarming that military intervention in internal conflicts in foreign countries has become commonplace for the United States. Is it in America’s long-term interest? I doubt it.” Sen. Robert A. Taft and Russell Kirk also doubted it.
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Washington Orchestrated Protests Are Destabilizing Ukraine

Ukrainian Fire

The protests in the western Ukraine are organized by the CIA, the US State Department, and by Washington  and EU-financed Non-Governmental Organizations (NGOs) that work in conjunction with the CIA and State Department. The purpose of the protests is to overturn the decision by the independent government of Ukraine not to join the EU.

The US and EU were initially cooperating in the effort to destroy the independence of Ukraine and make it a subservient entity to the EU government in Brussels. For the EU government, the goal is to expand the EU. For Washington the purposes are to make Ukraine available for looting by US banks and corporations and to bring Ukraine into NATO so that Washington can gain more military bases on Russia’s frontier.

There are three countries in the world that are in the way of Washington’s hegemony over the world: Russia, China, and Iran. Each of these countries is targeted by Washington for overthrow or for their sovereignty to be degraded by propaganda and US military bases that leave the countries vulnerable to attack, thus coercing them into accepting Washington’s will.

The problem that has arisen between the US and EU with regard to Ukraine is that Europeans have realized that the takeover of Ukraine is a direct threat to Russia, which can cut Europe off from oil and natural gas, and if there is war completely destroy Europe. Consequently, the EU became willing to stop provoking the Ukraine protests.
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America and the Arab Awakening: Déjà Vu?

Three years ago, Washington experienced its own dose of “shock and awe” — the PR phrase used to sanitise its brutal invasion of Iraq — when hundreds of thousands, if not millions, of ordinary Arabs took to the streets to demand the overthrow of leaders more interested in Washington’s approval than that of their own peoples. But American policy elites’ professed surprise was primarily a function of their own self-imposed amnesia and delusion.

No one in Washington seemed to realise or care that Egyptians forced their pro-American dictator from power on February 11, 2011 — 32 years to the day after the Shah of Iran’s military conceded to the will of the Iranian people, giving birth to the Islamic Republic of Iran and bringing down a pillar of American dominance in the region.
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Judge Andrew Napolitano: Targeted Killings of Americans are Illegal and Unconstitutional

Judge Andrew Napolitano, speaking on Fox News this morning, explains that it is both illegal and unconstitutional for President Barack Obama to use drones or other means to “targeted kill” United States citizens. Napolitano, an RPI Advisory Board member, elaborates that “only the Congress can enact a law”  not a president on his own  and that the US Constitution guarantees a jury trial to Americans, including Americans accused of treason, before the government can deprive them of life, liberty, and property.
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Victoria Nuland Comes Clean with Dirty Language

Nuland Ukraineoppos

The leaked private phone conversation between senior US State Department official Victoria Nuland and the American ambassador to Ukraine – in which Nuland is heard to disparage the European Union with a vulgar expletive – comes as a welcome relief. It is a moment of clarity, in which the US government inadvertently comes clean on its hidden agenda.

All the elusive speculation about what Washington’s agenda in Ukraine is now laid to rest. Nuland’s own words make it clear that the US agenda is all about orchestrating regime change in Kiev. Needless to say, that constitutes an infringement of that country’s sovereignty and should now be a matter of applying sanctions under international law against the US.

It also undermines the political cause of protesters in Maidan Square. They are now seen, more than ever, as a Trojan Horse for external political interference in Ukraine. This is not a cause of patriotism, as we have been led to believe in the Western media, but rather more like grubby treachery to serve a foreign agenda.
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Diagnosing Sochi Media Coverage: Virulent Russophobia

Hacked

Any illusions some naïve soul may have had about the objectivity of the US media has been dispelled by their embarrassing performance at the Sochi Olympics: the chorus of whining complaints might as well have been written for them by the US State Department – which, come to think of it, is entirely within the realm of the possible given the imperious tone. The water, the toilets, the hotels – nothing pleases our pampered media divas, whose hatred of all things Russian oozes from between the lines of their "reporting" like pus from an old wound.

All the antipathy we saw aimed at Russia during the cold war years is now being revomited up by the political class, albeit in a new flavor: instead of genuine martyrs like Andrei Sakharov and Alexandr Solzhenitsyn being lionized, we see the professional provocateurs of "Pussy Riot" elevated by Western media to the status of "dissident" stars. Why do these heavily made-up show biz types merit our attention? Well, didn’t they desecrate a Russian Orthodox cathedral by stripping off their clothes, screaming obscenities, and insulting parishioners? Clearly this is the type of "dissident" the American media can get behind. (Try that in New York City, ladies, and see what happens.)

Our shameless media is always eager to place itself at the disposal of the State. If it isn’t David Gregory calling for the arrest of Glenn Greenwald, it’s the ubiquitous Richard Engel of NBC "News" – tireless cheerleader of US-sponsored "revolutions" abroad – deliberately downloading a virus onto his computer and then pontificating about how the minute you enter Russia you are bound to be "hacked."


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