Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Category Archives: History

What Happens After Venezuela Destroys its Currency?

This article appeared online at TheNewAmerican.com on Friday, April 29, 2016:  

English: THE KREMLIN, MOSCOW. At a joint press...

Hugo Chavez and Vladimir Putin

Venezuela is unable to pay its currency printers. Those printers have been flying in planeloads of currency in the middle of the night, landing at airports where it is offloaded onto trucks to be dispersed to banks throughout the country. In other words, Venezuela doesn’t have the money to pay for its money.

The destruction of the currency, the bolivar fuerte (“strong bolivar”), has been documented at The New American and elsewhere. When oil prices dropped, so did revenues to fund the various socialist welfare schemes put in place by the communist Hugo Chávez and continued by his protégé, Nicolás Maduro, at Chavez’s passing in March 2013. Instead of reining in those unaffordable programs, socialist economists instead decided to print their way out of the crisis.

The results were predictable, and catastrophic.

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Trump Takes New York, Closer to Shutting the Door on Cruz

This article appeared online at TheNewAmerican.com on Wednesday, April 20, 2016: 

speaking at CPAC in Washington D.C. on Februar...

As expected, both leading candidates in the Republican and Democratic primaries in New York on Tuesday extended their leads over their rivals. Hillary Clinton took 135 delegates to Sanders’ 104, all but cementing into place her nomination at the Democrat convention in July. Donald Trump extended his lead over his nearest rival, Ted Cruz, by running the board, taking 89 delegates to none for Cruz.

What was unexpected was the

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Where are Brazil’s Founding Fathers?

This article was published by The McAlvany Intelligence Advisor on Friday, April 15, 2016:  

Dilma Rousseff, minister chief of staff of the...

Dilma Rousseff)

As the political implosion in Brazil continues, one is forced to ask: what’s next? Who will step to the plate once Rousseff is gone? Are there true statesmen waiting in the wings to right the foundering Brazilian ship of state and steer it away for the shoals of socialism?

This could be Brazilian President Dilma Rousseff’s last week in office.

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Are Federal Bailouts of States’ Pension Plans Inevitable?

This article was published by The McAlvany Intelligence Advisor on Wednesday, April 13, 2016:

English: Devin Nunes, U.S. Representative from California (Photo credit: Wikipedia)

California Representative Devin Nunes, a middle-of-the-road Republican from the state’s 22ndDistrict with a middling voting record (a Freedom Index rating of just 53), got something right: he sees the coming implosion of underfunded pension and health care plans across the country, and offered a bill to do something about it: force the states and the pension managers to tell the truth about the numbers:

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More Obama Hypocrisy Exposed: Executive Clemency Putting Convicted Criminals Back on the Street

This article was published by The McAlvany Intelligence Advisor on Monday, April 11, 2016:  

Richard Shelby

Senator Richard Shelby

Former Republican presidential candidate Ben Carson thinks kids are amazing:

Kids have what I call a built-in hypocrisy antenna that comes up and blocks out what you’re saying when you’re being a hypocrite.

Richard Shelby, Alabama’s senior Republican senator (who will be celebrating his 82nd birthday in three weeks) must be a kid at heart. The day after President Obama announced that he was commuting the sentences of 61 more convicted criminals under his new touchy feely “executive clemency” program, Shelby smelled hypocrisy. This was the same president who, in January, announced a bevy of executive actions designed, he said, to reduce crime. Last week’s announcement brings the total number of criminals who have had their sentences commuted or eliminated altogether to 248, more than the total of the last six presidents combined. Thirty-three of them were convicted of gun-related crimes.

Shelby may be a kid at heart but he’s also old enough not to be concerned about what people think. He wrote a scathing letter about Obama’s hypocrisy to his legal enabler, Attorney General Loretta Lynch. One can read the whole thing by clicking through the source below, but here is the choicest part:

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Credit Rating Agencies Finally Reacting to China’s Economic Implosion

This article was published by The McAlvany Intelligence Advisor on Friday, April 12, 2016:  

English: World countries by Standard & Poor's ...

English: World countries by Standard & Poor’s Foreign Rating. Legend: Green – AAA Turquoise – AA Lighter blue – A Darker blue – BBB Purple – BB Red – B : Grey – not rated, (Photo credit: Wikipedia)

First it was Fitch. Late last year it downgraded China’s sovereign debt by two notches, from AAA to A, which, according to its own definition, signals debt that is “more vulnerable to adverse business or economic conditions than is the case for [the two] higher ratings.”

In early March, Moody’s Investors Service got on board, knocking China’s debt rating down by one notch, followed by Standard and Poor’s on Thursday, which kept China’s rating at AA but with a negative outlook.

Translation: something’s coming.

Said S&P:

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Standard & Poor’s Downgrades Chinese Sovereign Debt

This article appeared online at TheNewAmerican.com on Thursday, March 31, 2016: 

Cover of "Coming Collapse of China"

The last of the three credit rating agencies to recognize China’s ongoing economic implosion, Standard & Poor’s, downgraded its rating on Chinese debt modestly on Thursday. The agency maintained its AA rating (one notch below its highest) but changed its outlook to “negative,” meaning another downgrade is possible within the next 12 months. It said:

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Why Violent Crime Continues to Drop

This article was published by The McAlvany Intelligence Advisor on Wednesday, March 30, 2016:  

English: Dianne Feinstein http://bioguide.cong...

Extreme anti-gunner California Senator Dianne Feinstein

As violent crime in the U.S. continues to drop, more and more theories surface that try to explain away the phenomenon while studiously avoiding the real reason. What isn’t in question is how much violent crime has dropped. According to the FBI, incidents of violent crime in 1994 were 713 per 100,000 population. Ten years later it was 463 per 100,000, and by 2012 it had dropped further, to 387 per 100,000.

First, it was the

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Brazil’s Economy Entering Depression

This article appeared online at TheNewAmerican.com on Monday, March 28, 2016: 

English: Aerial view of Rio de Janeiro city ce...

English: Aerial view of Rio de Janeiro city center, Rio de Janeiro, Brazil.

The latest numbers coming out of Brazil confirm what Goldman Sachs said last December: “What started as a recession … is now mutating into an outright economic depression, given the deep contraction of domestic demand.”

Translation: President Dilma Rousseff’s attempt to stimulate the slowing economy via massive insertions of new debt has in fact had the opposite result.

Consumers have cut back by more than eight percent across the board, while investment spending has declined more than 10 percent last year, with cumulative capital spending

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Another Keynesian Failure: Brazil

This article was published by The McAlvany Intelligence Advisor on Monday, March 28, 2016:  

John Maynard Keynes Русский: Джон Мейнард Кейн...

John Maynard Keynes

Boiled down to its most crude elements, Keynesianism, according to Antony Mueller at the Mises Institute, is “the economic policy doctrine of growth by spending.” Since 2003, when the current political party in Brazil, first headed up by Lula and now by Dilma Rousseff, came to power, it installed it in spades. For a while it seemed to work: demand for Brazil’s raw materials: oil, iron ore, and agricultural products grew as China (also pursuing the “growth by spending” mantra) also grew.

But the boom, which at one point included Brazil as one of the BRIC (Russia, India, and China) nations that would soon overtake the developed world, went bust.

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A Unique Oil Man in a Tough Business

This article appeared in print in The New American magazine as well as online, on Thursday, March 17, 2016:  

It doesn’t take long to learn that KimRay, Inc., headquartered in Oklahoma City, is a different sort of oil company — a much different sort. Headed up by Tom Hill until his retirement last year (but who still serves as chairman), the company’s mission statement is simple: Take care of customers, take care of employees, and take care of stockholders. But it ends with this:

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GOP Convention Rulebook May Be Tossed in Favor of Robert’s Rules

This article appeared online at TheNewAmerican.com on Thursday, March 17, 2016:  

Cover of "Robert's Rules Of Order 10th Ed...

Solomon Yue, one of the 168 members of the Republican National Committee (RNC) from Oregon, has promised to present a startling proposal to the RNC Standing Rules Committee when it meets in April: toss the archaic, contentious, 1,500-page RNC rule book in favor of Robert’s Rules of Order: “To make the convention more transparent, I will advocate … adoption of Robert’s Rules of Order to replace the 1,500-page U.S. House rules to govern the convention.”

Yue is already picking up support for the idea, including that of

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Chances for a Brokered GOP Convention Are Rising, Along With Risks

This article appeared online at TheNewAmerican.com on Monday, February 29, 2016:  

Seal of the RNC

Seal of the RNC (Photo credit: Wikipedia)

Heading into Super Tuesday, Donald Trump has 164 delegates, while in distant second and third places Ted Cruz and Marco Rubio have just 34 and 32 delegates respectively. With Trump leading in polls in 12 of the 13 states holding either primaries or caucuses on Tuesday, the majority of the 664 delegates there could be added to Trump’s total, making him nearly unbeatable in his run for the GOP presidential nomination.

The problem is that Trump could win a majority of the delegates from here on out but

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Will the South Carolina Primary Spell the End for Jeb Bush?

This article appeared online at TheNewAmerican.com on Wednesday, February 17, 2016:  

In South Carolina, where George H.W. Bush (1988) and George W. Bush (2000) sealed the deal for their presidencies, younger son John Ellis Bush (JEB) is failing and flailing. The average of all polls published by Real Clear Politics shows Bush

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Straight-line Thinking in a Curvilinear World: Natural Gas and Aubrey McClendon

This article was published by The McAlvany Intelligence Advisor on Wednesday, February 10, 2016:  

Chesapeake Energy Capital Classic

It’s now apparent that Aubrey McClendon didn’t see the bumper sticker that appeared on cars following the last energy crash: “Please, God, give me one more boom and I promise not to screw it up.”

McClendon, along with a partner, $50,000, and 10 employees, started Chesapeake Energy in 1989. The company grew exponentially as the fracking revolution took off and up until recently the company employed 5,500 people and had annual revenues of $11 billion. Its stock (CHK) soared,

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Stock Market is Predicting a Republican President

Mark Hulbert’s study of correlations between the stock market and presidential elections and Jeff Hirsch’s Stock Trader’s Almanac are making a powerful case that, come November, it will be a Republican occupying the White House for the next four years.

The Hulbert Financial Digest is so highly regarded that

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Is Rex Tugwell’s Brainchild the Cause of Puerto Rico’s Financial Woes?

This article was published by The McAlvany Intelligence Advisor on Wednesday, February 3, 2016:  

When Columbia law school graduate Franklin Roosevelt became president in 1932 he asked Rexford Guy Tugwell and two other Columbia professors to be his “brain trust.” Although Tugwell could never have been proven to be a member of the Communist Party USA, his fondness for centralized planning and his violent rejection of the free market informed his efforts to develop the New Deal.

He was a pure-bred hard-core collectivist who was enamored with Stalin’s centralization of agriculture in the Soviet Union, saying that

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Massive Washington Post Study Backfires

This article was published by The McAlvany Intelligence Advisor on Monday, January 11, 2016:  

Given the Washington Post’s politically liberal stance, their study published the day after Christmas seemed perfect: local police had been murdering innocents in greater numbers than ever, and here was the proof.

They assigned two writers to dissect and summarize the study, 2015 Police Shootings Investigation, subtitled “986 people were shot and killed by police this year.” Breathlessly, Kimberly Kindy and Kennedy Elliott reported six important “takeaways” from the 12-month investigation:

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Massad Ayoob Riding the Wave of CCW Permit Holders Wanting Firearms Training

This article was published by The McAlvany Intelligence Advisor on Friday, January 8, 2016:  

Cover of "In the Gravest Extreme: The Rol...

Massad Ayoob likes to tell people that he’s been carrying concealed since he was 12 years old – that’s 55 years now – and he’s just getting started. Ayoob, whose Arab grandparents immigrated to the United States 115 years ago, worked in his father’s storefront and watched as his father defended himself and his business from criminals. It made an indelible impression on the young man, and he has created an impressive resume in the field of self-defense. He wrote his first book, In the Gravest Extreme: the Role of the Firearm in Personal Protection, in 1980, which continues as a standard reference in the field. A year later he founded the Lethal Force Institute (LFI) in Concord, New Hampshire, which he directed for nearly 30 years. He now directs the

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Freedom Depends on an Informed Electorate

This article was published by The McAlvany Intelligence Advisor on Wednesday, January 6, 2016:  

President Obama’s latest incursion into the legislative realm is being met by informed resistance. Without such resistance his Executive Branch would soon become the only branch. Thomas Jefferson knew it: “Educate and inform the whole mass of the people … they are the only sure reliance for the preservation of our liberty.” So did Robert Welch: “All we must find and build and use, to win, is sufficient understanding.”

The Constitution of the United States was built on this fundamental belief:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.