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Inflation And Banknotes: The War on Money

Tuesday January 19, 2016

Inflation-racked Argentina is preparing to issue larger-denomination banknotes to alleviate critical shortages of cash in the country. What a difference between the Argentine government and most other Western governments, which seek to crack down on the use of cash.

Argentina’s 100 peso note is equivalent to a little over $7, and with inflation in Argentina having run in double digits for years, the 100 peso note is becoming too small a denomination to facilitate cash transactions. Therefore the Argentine central bank will be issuing 200 and 500 peso notes this year, and a 1,000 peso note next year. While the devaluation of the peso and the issuance of larger denomination banknotes conjures up images of Weimar hyperinflation, it is refreshing that the Argentine authorities are at least trying to facilitate cash transactions rather than crack down on them.
read on...

A Video Introduction to Police Militarization

Monday January 18, 2016

Would you like to share with someone a short video that provides a basic introduction to police militarization in America? A new video at Learn Liberty, featuring Independent Institute Research Fellow Abigail R. Hall, may be just what you are seeking.

The video presents in ten minutes general information regarding how police have become militarized in both equipment and behavior, as well as special interests that stand in the way of reversing police militarization.
read on...

That Didn't Take Long: US to Impose New Sanctions on Iran

Monday January 18, 2016

Just one day after "Implementation Day" of the Iran nuclear agreement, where international sanctions were removed with the certification that Iran had met all of its obligations under the agreement, the US has slipped back into its old habits. Citing Iran's work on ballistic missile development, the US Treasury Department announced yesterday that the US was imposing a new round of sanctions on the country. Several firms that are helping Iran develop its missile capability are also falling under the Treasury hammer.

Announcing the new sanctions, President Obama said, "We will continue to enforce these sanctions vigorously. We are going to remain vigilant about it."

The sanctions are being imposed because the ballistic missiles tested by Iran in October are capable of carrying nuclear weapons. But, as Moon of Alabama blog points out, the UN certification on Saturday means that Iran does not have nor will it pursue a nuclear weapon. So the point is completely moot.
read on...

FBI Now Investigating Hillary Clinton for Using State Department to Benefit Clinton Foundation?

Friday January 15, 2016

In a new video at Fox News, Judge Andrew Napolitano suggests that the Federal Bureau of Investigation (FBI) has begun a new investigation of Hillary Clinton, in addition to the ongoing investigation of if she as secretary of state in the Obama administration failed to safeguard United States government secrets. This new investigation centers on whether Clinton illegally made decisions in the State Department “to favor her husband’s foundation or her husband’s speaking gigs.”
read on...

Hillary's Africa Genocide Problem

Thursday January 14, 2016

Hillary might have some explaining to do to her base, with the latest batch of emails released from her days as Secretary of State. Her supporters in the Democratic Party are particularly attuned to minority issues and the social and economic struggles of those in developing countries. Additionally, nearly two-thirds of African-American voters went Democrat in the last election, a demographic the party has come to rely on over the years.

Imagine how damaging it should be to Hillary, then, if the mainstream media decides to pick up on probably the most explosive revelation from Hillary's latest server dump: She knew that the Libyan rebels her State Department backed were systematically committing genocide against black Africans in Libya and she did nothing about it!
read on...

They Just Can't Stop It: US Planning New Rebel Training Program For Syria

Thursday January 14, 2016

After innumerable failed schemes to train rebels to overthrow the Syrian government (and then training more rebels to take on the rebels they had previously trained who went over to ISIS and al-Qaeda), the US appears to be on the verge of launching yet another regime-change rebel training operation. According to the Wall Street Journal, the US is considering adopting a Turkey-originated plan to create an Arab fighting force in northern Syria to seal up the border and -- more importantly -- to counter the increasing influence and power of Kurdish People's Protection Units (YPG) in the area.

Once considered proxy US boots on the ground, the YPG has always been feared and loathed by the Turks. Now, they may become victims of their own success if the new plan is implemented. The new US-created group would be tasked with limiting Kurdish advances in northern Syria which would in turn appease the Turks, who have long been more worried about the Kurds than ISIS.
read on...

Afghan Positions Being Overrun By Taliban Due To Nonexistent “Ghost Soldiers” Used To Funnel Money To Corrupt Afghan Officials

Tuesday January 12, 2016

As the Taliban probes the strength of Afghan forces, they are finding it an easier task than anticipated with a sizable number of the Afghan force constituted of “ghost soldiers.” As much as half of the soldiers in frontline positions are missing. We previously discussed the same problem of “ghost soldiers” in Iraq who are paid soldiers but only exist on paper as part of the widespread corruption of that country.

Now Afghanistan’s ghost army is facing real insurgents. Senior policy and army officials who have been pocketing the money for these nonexistent soldiers have left their country. Estimates put the percentage of nonexistent soldiers at 40 percent of the Afghan army, a shocking level of corruption even for Afghanistan. Not surprisingly, a ghost army did not fare well and the Taliban has now seized some 65 percent of Helmand province — Afghanistan’s largest. The provincial capital, Lashkar Gah, could fall.
read on...

A Tribute to Ron Paul’s Work for Austrian Economics and against the Federal Reserve

Monday January 11, 2016

Over at FreedomWorks, Alex Bales’ new article “Profiles in Liberty: Dr. Ron Paul” presents a tribute to Ron Paul’s decades of work promoting Austrian economics and opposing the Federal Reserve.

While Bales’ article focuses on Paul’s past accomplishments in the United States House of Representatives and presidential races, it should be noted that Paul continues pursuing his education efforts regarding Austrian economics and the Federal Reserve via various means, including Paul’s books, weekly column, and daily news show.
read on...

Challenging Obama’s Gun Control Executive Action

Friday January 8, 2016

This month, President Barack Obama has announced gun control executive action that seeks to roll back the Bill of Rights — not just the Second Amendment. He has followed up on this unilateral action with a public relations campaign.
read on...

A Tale of Two 'Terror Arsonists'

Friday January 8, 2016

Our story today is about two very different "terror arsonists" who started fires on federally owned land. 

Although it is not certain in the first case whether the fire was lit on purpose, it ultimately burned more than 85,000 acres. The fire spread quickly, forcing many to evacuate their homes and destroying several cabins and out-buildings.

The cost of containing the fire has reached over $20 million. At the time of this publication, no one has been prosecuted for this destruction of federal land even though there are many suspects.
read on...