Boom Versus Growth: Why the ABCT Is Superior to Keynesianism
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way. This stands against Keynesianism, which leads an economy to ruin.
Why Austrian Business Cycle Theory Is Better than Keynesianism
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
Korybko: Brazil’s Veto Of Venezuela’s BRICS Bid Exposes Multipolar Rift
Korybko: Brazil’s Veto Of Venezuela’s BRICS Bid Exposes Multipolar Rift
Authored by Andrew Korybko via Substack,
Brazil’s ruling Workers’ Party (PT per its Portuguese abbreviation) has presented itself as an Ibero-American champion of multipolarity since its inception, as has its leader President Lula since his first term began in 2003, but these narratives are now challenged like never before after last week.
Brasil de Fato cited diplomatic sources to report that Brazil vetoed Venezuela’s BRICS partnership request while Putin also acknowledged during a press conference that Russia and Brazil disagree on Venezuela.
This outcome was made all the more scandalous by Lula’s unexpected “head injury” that was allegedly responsible for him not flying to Kazan and Venezuelan President Maduro’s surprise visit to the event. Lula might have either made-up his injury or exaggerated it in order not to embarrass himself any further by arguing in person against his multipolar neighbor’s requested BRICS partnership. He might also have caught wind of Maduro’s plans and thus ducked out in order to avoid a potential confrontation there.
In any case, one of the world’s top energy producers wasn’t able to achieve the consensual support required for partnering with the world’s top financial multipolarity platform, though this analysis here from last month explains how non-members and -partners can still coordinate their associated policies with BRICS. Be that as it may, it was still a blow to Venezuela’s prestige not to be inaugurated as an official partner, but Lula’s PT harmed its own reputation in a much worse way by reportedly vetoing this.
Keeping in mind the abovementioned insight about how any country can voluntarily coordinate its associated policies with BRICS even in the absence of formal membership or partnership status, Brazil could have let Venezuela join in order to keep up the PT’s charade about being a multipolar champion. Instead, it maliciously prevented this, which only served to virtue signal support for the US’ ruling Democrats’ shared policy towards that country at the expense of the trust that Brazil built within BRICS.
It was explained in August how “Ortega’s Condemnation Of Lula’s Meddling In Venezuela Debunks A Top Alt-Media Lie”, which hyperlinked at the end to a list of over 50 related analyses from October 2022 till then about Lula’s post-imprisonment ideological alignment with that aforesaid imperialist party. In brief, he and his party were never true multipolar champions like they presented themselves as, but were always more akin to “social democrats” or what’s been called the “compatible left” by traditional leftists.
All the while, however, the PT’s social media influencers and cultish clique of supporters across the world aggressively gatekept the false narrative that their “heroes” pushed. This most often took the form of viciously “canceling” anyone who dared to even remotely question this debunked dogma. This charade was thus kept up until last week when it became impossible to deny that Lula’s PT had betrayed regional multipolar leader Venezuela solely to curry favor from what might soon be the US’ outgoing ruling party.
There shouldn’t be any question about the veracity of Brasil de Fato’s diplomatic sources either after Venezuela’s Foreign Ministry came out with an official statement slamming Lula’s veto. They described it as an “immoral aggression” that “reproduce[ed] the hatred, exclusion and intolerance promoted from the centres of power in the West.” They then added that “The Venezuelan people feel indignation and shame” after what Lula just did. These are very strong words that should be taken very seriously.
Readers should also know that while Lula hasn’t acknowledged Maduro’s re-election, Putin proudly thundered during last week’s event that “Venezuela is fighting for its independence, for its sovereignty…We believe that President Maduro won the elections, won fairly. He formed a government.” His words threw the PT onto the horns of yet another narrative dilemma by suggesting that Brazil’s stance is against another fellow Global South country’s “independence” and “sovereignty”.
The Venezuelan Question is therefore a black-and-white issue: one either supports Lula and Biden’s regime change efforts in Venezuela, with each advancing this in their own but still coordinated way, or they support Maduro and Putin’s defense of Venezuela’s independence and sovereignty.
There’s no middle ground no matter what lies top PT influencers might soon spew. Honest members from the Alt-Media Community will accurately report this while dishonest ones will keep covering up for the PT.
Tyler Durden
Sun, 10/27/2024 – 23:20
Scientific integrity
Link for the full film First do no Pharm, https://cerealkillers.gumroad.com/l/nopharmfilm/drjohn
This is film isn't just an exposé – it's a call to arms. It will provide you with the knowledge and tools to fight back against a system that values profits over patients. We'll show you how to navigate this treacherous landscape, how to protect yourself and your loved ones from the excesses of an industry gone mad.
Email for Dr. Malhotra consultations
concierge@hum2n.com
Trump: Kamala Is Empty ‘Vessel’ for ’Crooked Radical Left Machine’
Former President Donald Trump said Sunday night that Vice President Kamala Harris is an empty “vessel” for the “vicious, crooked, radical-left machine that runs today’s Democrat Party.”
The post Trump at Madison Square Garden: Kamala Is Empty ‘Vessel’ for ’Crooked Radical Left Machine’ appeared first on Breitbart.
Trump Supports Tax Credit for Family Caring for Sick Loved Ones
Former President Donald Trump announced Sunday his support for a tax credit for family members who care for an ill parent or loved one.
The post Trump Supports Tax Credit for Family Members Caring for Sick Loved Ones appeared first on Breitbart.
Martin Armstrong Sees Trump “Landslide”; Fears Desperate Deep State Wants War & Martial Law
Martin Armstrong Sees Trump “Landslide”; Fears Desperate Deep State Wants War & Martial Law
Via Greg Hunter’s USAWatchdog.com,
Legendary financial and geopolitical cycle analyst Martin Armstrong says we are getting down to the wire with the 2024 Election, and the Deep State Dems are in panic mode.
Could we have a false flag, martial law, debt crisis, default, war or all of the above?
Armstrong says,
“They want war. There is no question about that… Lindsey Graham was on Face the Nation a couple of months ago, and he slipped and told the truth for once.
I was shocked that he actually slipped and told the truth for once. He said there was a $10 trillion to $12 trillion natural gas asset under Crimea, and we can’t allow Russia and China to get that…
This is like Iraq. We are going after the oil.”
On martial law, Armstrong says, “I am very concerned about martial law…”
“They (Supreme Court) have kind of hinted that martial law is a common law type thing. When the courts are closed, then you have martial law. It is justified under ‘necessity.’ This is what the Supreme Court has said. So, I am very concerned that these neocons are so desperate that they are definitely going to try to create some sort of a false flag or anything they can do perhaps the last week in October going into the election.”
On the war front, we just had Israel bomb Iran, and NATO is still poking Russia. Armstrong says,
“NATO is a retirement home for neocons. It should have been shut down. They are trying to take the world into World War III.
They are now raising a $100 billion so they can continue the war against Russia in case Trump is elected.”
Armstrong is still seeing Trump winning in 2024 in a “landslide.” Kamala Harris is going the other way. A few months back, Armstrong said Kamala’s real approval rating was 10.5%. Armstrong says he just ran new Kamala Harris approval ratings with his Socrates computer program.
Armstrong says, “It’s actually down to 6.5% to 7.5%. It’s really appalling.”
Armstrong says Kamala has “negative coattails,” which will spell big losses for Democrats down ballot in November.
On the economy, Armstrong says,
“We are in this debt Ponzi scheme where they issue new debt every year to pay off the old debt. People say the debt is $34 trillion, but the level of the debt does not matter. It could be a quadrillion dollars…
China holds 10% of America’s debt. They sold $53 billion at the beginning of the year. This is where the danger comes. If you don’t have someone to take up what China is not buying, guess what? You can’t pay, and when you can’t pay, that’s when a default comes. This is why they want war . . . so they can default on everything…
They take us to war, and there goes Social Security and everything else.”
On the 2024 Election, Armstrong says,
“The 2024 Election will be the last election. . . . The US will break up into three or four sections. . . .
We are committing suicide. . . . This is how governments die. . . .
Gold goes up when people lose confidence in government. This is why central banks want gold.
They are afraid of governments defaulting on their debt in war…
In the war, we lose it next time. They want terrorism so they can lock us down. This is the future we face.”
There is much more in the 1-hour and 3-minute interview.
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Martin Armstrong as he gives his analysis on martial law, debt default and world war for 10.26.24.
* * *
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Tyler Durden
Sun, 10/27/2024 – 17:30
Cuba crumbling as electric grid fails, financial crisis looms
“Cubans have a cheerful idiosyncrasy. Even when things are bad we laugh. But this is really bad.”
South Korea could send arms to Ukraine to help them fight North Koreans on front lines
“South Korean weapons could potentially make a significant difference on both Ukraine’s defensive capabilities and offensive capabilities.”
Jews Flock to Trump Event at Madison Square Garden; Dems: ‘Nazi Rally’
Jews and other New Yorkers flocked to a rally for Donald Trump on Sunday at Madison Square Garden in Manhattan — a rally that the Kamala Harris campaign and other Democrats have falsely claimed is a “Nazi rally.”
The post Jews Flock to Trump Event at Madison Square Garden; Dems: ‘Nazi Rally’ appeared first on Breitbart.