As I said in today’s video, invading countries is a really stupid thing to do in the 21st century. It’s something I think about a lot, and it’s not focused on enough. It’s one of the best things about modern living. We tell ourselves that the United States doesn’t take territory like old empires because we’re such nice folks. This isn’t really backed up by the historical record. The US spent 50 years failing to subject the Philippines to imperial control as one example. If Iraq had worked out, the Bush administration famously wanted to build a broader empire in the middle east in quick succession. Nationalism quite rightly has a bad reputation, but this is one of its nicer aspects. Folks really care about who rules them today. Independence is something that is valued. Literate, nationalist masses, plus readily available explosives makes the old school kind of empire impossible. So even the most powerful countries find that conquest is too expensive.
It’s interesting to me that this principle isn’t more widely understood. It’s clear from almost every conflict the US has been involved in since World War II, yet we keep jumping into new countries and expecting different results. I suspect that the difficulty of conquest does not make it into most discussion of national security, because it would make it too clear how useless a lot of our military spending is. The Military Industrial Complex needs to pretend that conquest is still a thing that happens.
With today’s video we go all in on discussing the US stock market. There’s this idea that stock markets are somehow rational, or serious. People who talk about it are always wearing suits, and we put a lot of effort into making all the details of interest rates, portfolio management, and valuations seem boring. The stock market is none of these things. In fact it’s nuts. By going through the history of the “Trump Bump”, I attempt to draw the curtain back a bit.
Unfortunately, watching the video, I think I screwed something up. It’s not that the story I put forward is wrong, it’s just that I left too much out. The video falls into the “Presidents impact everything” school of commentary. I hate that school. The differing views market makers took of Trump and Obama are tremendously important to this particular economic story, but that doesn’t mean that presidents are actually all that powerful. I really don’t want to create that impression, and I apologize if I did so with this video.
Hey there. I’ve never done this before, but with today’s video I’ve re-purposed a snippet of a longer conversation I had last week with Jon Coumes of the Safe For Democracy podcast. I’m doing this because I went on a (somewhat profane) rant that answers a question I get from a lot of people. What is Obama’s foreign policy legacy, and how should we look at it historically speaking? It’s way too early to tell of course, but I have a pretty good idea. The channel usually tries to deal with current issues, and though we’re still dealing with all of his wars, Obama is not a current issue. So I won’t be doing a more produced video on the topic.
But I think this video answers the question pretty handily…
Budgets are boring right? Not really. They are certainly complex, and passing them is complicated, as Washington, DC’s seemingly perpetual shut-down dance shows. But the question of paying for government is the most important one imaginable. Time and again in history we see great empires brought down by the simple question of “How do we pay for this?”
In the 1500s the Spanish Empire encircled the world, and controlled something like half of Europe, if not more. Their American territories brought a constant stream of precious metals. They were brought down mostly by the fact that they didn’t understand inflation, and defaulted on their debt repeatedly. In the 1920s the British Empire reached it’s largest extent. The “Sun Never Set” on the British Empire. 40 years later it was gone. Because they couldn’t pay for it. The holders of British debt in the United States got to dictate British foreign policy in a few crucial instances.
What few people recognize is how far the US Congress has fallen, and how quickly. US pop culture, almost from the beginning, has featured a high degree of skepticism about Congress. They’ve always been known as a bunch of corrupt, pompous windbags. That’s a healthy attitude to take towards one’s government. But I think this constant attitude of contempt has served to hide Congress’s fall.
With the one two punch of Newt Gingrich’s “reforms” in the 1990’s (discussed here) and the expansion of the government after 9/11, Congress has lost the plot almost entirely. It’s only by looking at the power and principle that Congress could stand on just a few short decades ago, that we can get the full picture. That’s what this week’s video comparing Congress’s abdication of responsibility for Yemen to their treatment of Nicaragua in the 1980’s is intended to do.
Obama failed Syria, and Trump is going to fail Syria too. This video explains why. Most people will tell you that the US didn’t do enough in Syria. Actually it’s the complete opposite. We are now on our second president who doesn’t want us involved in Syria. Presidents can win elections, but they can’t beat the Military Industrial Complex.
This video is super depressing. But I’m excited that it lets me continue two of my best series, that have lain fallow for a while now. This is the 14th installment of my series on Syria, and it up-dates the story, incorporating some developments, like the disclosure and apparent end of Timber Sycamore, that I have been itching to discuss for weeks. It also returns in a big way to my Military Industrial Complex series. When I started the series over two years ago now, I had an end in mind. Still haven’t gotten there. We’ll see if I can pull it together!
This is it! I’ve been preparing this “Everybody’s Lying About Islam” essay and video series for a very long time. Saudi Arabia is a problem, and nobody talks about it. So let’s talk about it. The standard establishment “Islam is a Religion of Peace” line is true to a degree. But it is deployed to deflect attention from Saudi Arabia and its very real and malign effect on world-wide Islam. Because US politicians (Trump included) spend all their effort protecting Saudi Arabia, the country most responsible for 9-11, many Americans get the accurate sense that they’re being lied to. They question why radical Islam remains a problem after 15 years of supposedly fighting it. Unfortunately this leaves them open to the Islamophobic line peddled across the political spectrum from Donald Trump to Bill Maher. The essay does what no corporate media outlet is interested in doing. It documents the US-Saudi relationship from FDR on down, and illustrates the horrific effects the relationship has had. 9-11 is nowhere near the worst of it.
This video is the first in a looong series I have prepped on the topic. Of course if you want the full story, I suggest you buy the essay “Everybody’s Lying about Islam”, available now on the Amazon Kindle. As I say in the video, it will tell you more about “what’s really going on” than a year of watching Fox News, or a year of reading the New York Times.