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The Rise of the 'Petro-yuan' and the Slow Erosion of Dollar Hegemony For seventy years, one of the critical foundations of American power has been the dollar’s standing as the world’s most important currency. For the last forty years, a pillar of dollar primacy has been the greenback’s dominant role in international energy markets. Today, China is leveraging its rise as an economic power, and as the most important incremental market for hydrocarbon exporters in the Persian Gulf and the former Soviet Union to circumscribe dollar dominance in global energy—with potentially profound ramifications for America’s strategic position.

31 July 2014read on...

New Post
MEMORANDUM FOR: The President

FROM: Veteran Intelligence Professionals for Sanity (VIPS)

SUBJECT: Intelligence on Shoot-Down of Malaysian Plane

31 July 2014read on...

Stop! Thief! Stop! — The Looting of Ukraine
Kiev’s hastily assembled, post-coup coalitions couldn’t hold, and Ukrainian PM Arseniy Yatsenyuk threw in the towel last Thursday. On his way out, news stories said, the PM expressed his “disappointment with Ukrainian parliament’s decision to reject a bill that allows the government to hand over up to 49 percent of the country’s gas transport system to investors from the European Union and the United States.”

30 July 2014read on...

On Dominoes, WMDs And Putin’s 'Aggression': Imperial Washington Is Intoxicated By Another Big Lie
Imperial Washington is truly running amuck in its insensible confrontation with Vladimir Putin. The round of new sanctions is a counter-productive joke. Apparently, more of Vlad’s posse will be put on double probation, thereby reducing demand for Harry Macklowe’s swell new $60 million apartment units on Park Avenue. Likewise, American exporters of high tech oilfield equipment will be shot in the foot with an embargo; and debt-saturated Russian state companies will be denied the opportunity to bury themselves even deeper in dollar debt by borrowing on the New York bond market. Some real wet noodles, these!

29 July 2014read on...

In Foreign Affairs, Not Doing Anything Is The Thing To Do
The heartbreaking violence in the Middle East, Ukraine, and elsewhere carries many messages, but here’s one Americans shouldn’t miss: The United States — no matter who the president is — cannot manage world conflict. The corollary is that when a president tries to manage it, things will usually get worse. Foresight is always defective, and tragic unintended consequences will prevail.

29 July 2014read on...

The Absurd, Bureaucratic Hell That Is the American Police State
Whether it’s the working mother arrested for letting her 9-year-old play unsupervised at a playground, the teenager forced to have his genitals photographed by police, the underage burglar sentenced to 23 years for shooting a retired police dog, or the 43-year-old man who died of a heart attack after being put in a chokehold by NYPD officers allegedly over the sale of untaxed cigarettes, the theater of the absurd that passes for life in the American police state grows more tragic and incomprehensible by the day.

28 July 2014read on...

End Torture, Shut Down the CIA!
Remember back in April, 2007, when then-CIA director George Tenet appeared on 60 Minutes, angrily telling the program host, “we don’t torture people”? Remember a few months later, in October, President George W. Bush saying, “this government does not torture people”? We knew then it was not true because we had already seen the photos of Iraqis tortured at Abu Ghraib prison four years earlier.

27 July 2014read on...

Israel's 155mm Cure For ‘Terrorism’ In 1956, Britain and France were convinced that Egypt’s charismatic nationalist leader, Gamal Abdel Nasser, was threatening what was left of their Mideast and African colonial empires. London branded Nasser, “Hitler on the Nile.”

27 July 2014read on...

Another 'Saigon': US Evacuates From Libya
One month ago today, President Obama was congratulating Libya on a "milestone" election -- even though the disintegration of the country after the 2011 US invasion was ongoing.

26 July 2014read on...

What Does the U.S. Support When It Supports Israel?
According to the Congressional Budget Office, “Israel is the largest cumulative recipient of U.S. foreign assistance since World War II. To date, the United States has provided Israel $121 billion (current, or non-inflation-adjusted, dollars) in bilateral assistance. Almost all U.S. bilateral aid to Israel is in the form of military assistance, although in the past Israel also received significant economic assistance.”

26 July 2014read on...

Featured Articles

Hobby Lobby Case is About Rights, Not Contraceptives


Ronpaul Tst

One of the most important cases the US Supreme Court will consider this term is Hobby Lobby’s lawsuit challenging the Obamacare mandate that employer-provided health care plans must cover abortion and contraceptives. Hobby Lobby, a corporation owned and managed by a traditional Christian family, argues that the mandate violates their First Amendment rights.

Much of the discussion has focused on whether a corporation such as Hobby Lobby can even have First Amendment rights. But the issue of “corporate personhood” is a smokescreen. Hobby Lobby’s corporate status has no bearing on whether under Obamacare, Hobby Lobby’s owners, about whose personhood there is no doubt, have a right to run their business in a manner consistent with their moral beliefs. If the form by which Hobby Lobby did business was relevant to its right to operate free of federal interference, then Hobby Lobby could avoid the Obamacare mandate by simply reorganizing itself as a partnership or sole proprietorship.

Some Obamacare supporters cast this case as a conflict between Hobby Lobby’s First Amendment rights and the rights of its employees to contraception and abortion. Hobby Lobby is not trying to stop its employees from obtaining contraceptives and abortions; it is simply asking that the government not force it to pay for them.

Forcing Hobby Lobby to pay for abortion services is especially offensive because Hobby Lobby’s owners consider abortion a form of murder. Those who, like me, agree that abortion is an act of violence against an innocent person, will side with Hobby Lobby. However, this case is not about the legality of abortion. It is about whether someone can have a “right” to force someone else to provide him with a good or service.  Therefore, even those who support legal abortion should at least support a business’s right to choose to not subsidize it.

Supporters of the mandate claim Congress has the power to create rights to privately-provided goods and services. They also say that Congress has the power to legislatively override the rights of religious liberty, property, and contract. It is fair to ask what is the source of Congress’s power to create new rights. It certainly does not originate in the Declaration of Independence, which expressly denies that rights come from the government; or from the United Stares Constitution, which nowhere granted government the power to redistribute or create artificial rights.

The principle that Government can force businesses to violate their religious principals even if those principles conflict with civil law could be applied in ways some Obamacare supporters may find objectionable. For example, what if the government argued that the Pentagon’s need for some products produced by a Quaker-owned business trumped the Quaker owner’s objections to war?

The hypothetical example above shows just how radical and dangerous are arguments in support of the Obamacare abortion and contraception mandate. If Hobby Lobby loses, the US Supreme Court will have endorsed the idea that the federal government can force individuals to violate their most sacred religious principles to satisfy any government demands. The central question of the Hobby Lobby case, then, is whether religious liberty will continue to be meaningful in this country. For what good is a religious liberty that protects your rights to attend a worship service, but allows the government to force you to live in opposition to the values preached at those services? This is why all supporters of liberty and limited government—regardless of their views on the morality of contraception—should be on the side of Hobby Lobby.
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