Joe Biden’s approval ratings are now on par with George W. Bush’s after both the Iraq War, the financial crisis, and eight years of Jon Stewart. This is with the benefit of Kim family–level devotion from the corporate press, Big Tech, and almost every pop culture figure.
In this case, correlation is causation. Inflation has now topped covid as the greatest concern of Americans.
As history shows, this shouldn’t be surprising. While modern politicians have bought into the myth that monetary policy is something that should be left to a technocratic elite, money issues have long been a motivating issue for populist causes. There is no more “kitchen table” issue than the daily reminder that your paycheck buys less than it did last year.
The political benefactors of inflation are obvious: anyone running against Joe Biden. Twenty twenty-two will be a year where many talentless Republican political consultants will be able to ride a red wave and claim a victory they will base an entire career around. Unfortunately, the Republican Party is as culpable in America’s inflationary crisis as Joe Biden. We will see if anyone in DC catches the irony when the majority of Republican senators end up endorsing another term for Jay Powell.
This gets to the core of the problem. As we see inflation rise as America’s most pressing political issue, we have a political system completely unprepared to deal with it.
After all, few in Washington even know what the underlying cause of inflation is. It’s not port capacity, and it’s not greedy corporations. It’s not simply about progressives’ aims to price out fossil fuels or the price tag of any one specific spending bill.
No, the cause of inflation is the arrogance of modern economic PhDs. It is the consequence of rendering money into a tool of the state, a power which has been abused to plunder from the people so that politicians can spend freely. It is an era of monetary hedonism, maintained by an institution that has for over a decade now consistently failed by its own measure. The fact this system has lasted fifty years is in large part because most of the world’s central banks have engaged in similar—if not even more reckless—policies to the Fed.
Ivy League universities are just as capable of infecting the world as any Chinese laboratory.
Unfortunately, the GOP has been defined by its complete disinterest in rooting out institutional malfeasance. Abolishing a federal agency is a bumper sticker Republicans use for a campaign fundraiser, not a political goal. Any attempts to push for any meaningful reform to the Federal Reserve will be treated as a threat to the entire global financial system, and Republicans will cave—just as they voted to bail out Mexico in the ’90s, just as they voted to bail out Wall Street in ’08, just as they repeatedly cave to debt ceilings and government shutdowns.
If there is no political solution to the Fed, does it mean there are no possible remedies to help protect average Americans from the inevitable monetary crisis?
No. The answer to America’s inflation issue is to empower citizens to save in alternative currencies. Just as Republicans have found school choice easier to push than abolishing the Department of Education, monetary choice offers a policy approach that doesn’t require an all-out assault on a powerful institution with a well-paid army of propagandists.
This approach to the Fed was something promoted strongly by Ron Paul during his congressional career. The most significant component of his Free Competition in Currency Act was the elimination of taxes on gold and silver—something that could be updated to include cryptocurrency. If the only major policy wins Republicans are capable of having in DC are tax cuts, these would technically qualify.
Abolishing these taxes would eliminate one of the state’s most powerful tools for forcing the dollar on its citizens. If Americans can freely move their wealth from the control of the Fed and into nonpolitical assets, they will have real protection against the long-term consequences of inflation. Even better, this will undermine Washington’s concerted efforts to weaponize the banking system against political dissidents.
Most importantly, though, it would be a tax cut that would immediately redistribute wealth away from Wall Street and into the pockets of average Americans. As such, it is an ideal policy aim for the growing populist Right.
After all, if the goal of a political movement is to oust a powerful cabal of neoliberal globalist oligarchs, success is going to depend on achieving political victories that don’t only weaken your enemies but enrich your allies. Progressives and authoritarians are overrepresented in the halls of an increasingly woke Wall Street, while regime skeptics are overrepresented in crypto and among those who buy gold.
As in the past, there is the opportunity for the current inflation crisis to radically transform American politics. As the nation continues to lose trust in institutions, and as a new generation of populist Republicans grow their numbers in the party, there is an opportunity to deliver a major blow against the financial class that has taken over the global economy.
Is the current generation of right-wing populists prepared to listen to Ron Paul and embrace a Rothbardian Right?
New York Governor Blames ‘Illegal Gun’ in Fatal Shooting of NYPD Officer
New York Gov. Kathy Hochul (D) blamed an “illegal gun” in the fatal shooting of NYPD officer Jason Rivera on Friday night.
Rivera, 22, was shot and killed and a second officer, Wilbert More, 27, was shot and wounded, Breitbart News reported.
The shooting suspect, Lashawn McNeil, 47, opened fire on Rivera and More as they approached him in a long hallway, CBS New York noted. McNeill was then shot twice by a third officer.
On Saturday, Hochul tweeted, “Last night, a shot from an illegal gun took the life of a NYPD officer.”
Last night, a shot from an illegal gun took the life of a @NYPDnews officer.
When I say we’re going to do everything we can to stop the scourge of illegal guns in our state, it’s not just talk. We are tripling funding for efforts to get these guns off the streets. pic.twitter.com/zXv0xbL4Em
— Kathy Hochul (@GovKathyHochul) January 22, 2022
“When I say we’re going to do everything we can to stop the scourge of illegal guns in our state, it’s not just talk. We are tripling funding for efforts to get these guns off the streets,” Hochul added.
New York Mayor Eric Adams (D) responded to the shooting death of Rivera by calling for more gun control, Breitbart News reported.
New York has some of the most stringent gun controls in the country. Mike Bloomberg-affiliated Everytown for Gun Safety ranks New York No. 3 in the nation “for gun law strength.”
Those laws include everything the Democrats are pushing at the federal level under the guise of safety, including universal background checks, a “high capacity” magazine ban, an “assault weapons” ban, a permit requirement to buy a handgun, a red flag law, gun storage requirements, “ghost gun” regulations, and a prohibition against gun possession by felons, among other controls.
McNeil, the man who allegedly shot the NYPD officers Friday night, is a convicted felon.
AWR Hawkins is an award-winning Second Amendment columnist for Breitbart News and the writer/curator of Down Range with AWR Hawkins, a weekly newsletter focused on all things Second Amendment, also for Breitbart News. He is the political analyst for Armed American Radio. Follow him on Twitter: @AWRHawkins. Reach him at firstname.lastname@example.org. You can sign up to get Down Range at breitbart.com/downrange.
Gingrich: January 6 Committee, AG Garland ‘Lynch Mob’ ‘Face a Real Risk of Jail for the Kind of Laws They Are Breaking’
Former House Speaker Newt Gingrich sees alleged abuses by the House Select Committee and the Department of Justice investigating the January 6, 2021 riot at the U.S. Capitol as having consequences.
During an appearance on FNC’s “Sunday Morning Futures,” Gingrich suggested those who he said were misusing and abusing the process could “face a real risk of jail” for the laws they had broken during the so-called investigation.
“Well, you have, both with Attorney General Garland and with this select committee on January 6, people who have run amok,” he said. “They are breaking the rules. They are going after people in a way which is reminiscent of the British monarchy using closed-door systems that we outlawed deliberately because we’d seen it. We knew what it was like. And they’re running over people’s civil liberties. And what they need to understand is, on January 4 next year, you’re going to have a Republican majority in the House and a Republican majority in the Senate.”
“And all these people who’ve been so tough and so mean and so nasty are going to be delivered subpoenas for every document, every conversation, every tweet, every email, because I think it’s clear that this — these are people who are literally just running over the law, pursuing innocent people, causing them to spend thousands and thousands of dollars in legal fees, for no justification,” Gingrich continued. “And it’s basically a lynch mob.”
“Unfortunately, the attorney general of the United States has joined that lynch mob and is totally misusing the FBI,” he added. “And I think, when you have a Republican Congress, this is all going to come crashing down, and the wolves are going to find out that they’re now sheep. And they’re the ones who are, in fact, going to, I think, face a real risk of jail for the kind of laws they are breaking.”
Follow Jeff Poor on Twitter @jeff_poor
CBS Host Stunned NOT ONE Participant in Face the Nation’s Focus Group Believes America is in a Better Place After One Year of Joe Biden (VIDEO)
After Joe Biden’s first year in office, NOT ONE participant in Face the Nation’s focus group believes America is in a better place.
CBS host Margaret Brennan was stunned when the entire panel of six participants, including Biden voters, said America is on the wrong path.
“During the course of the pandemic, “Face the Nation” has been listening to Americans, through Zoom, to get their thoughts on COVID, the economy and how the government is handling it all. On Friday, we checked back in with six of them,” host Margaret Brennan said.
“Who feels like we are in a better place now than we were a year ago?” Brennan asked the panel of six participants.
Every participant said no.
Margaret Brennan was stunned: “No one believes we are in a better spot?”
“I just don’t understand. I thought this is going to be a president for the people of the people,” said Beth, an Independent voter.
Even the Biden voters on the panel blasted Joe Biden.
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