Auntie Semite

Questioning the Israeli government isn’t antisemitism. [The Rude Awakening] October 13, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Auntie Semite [[A.I. Supplier]: $100 Billion Sales Surge Coming?…]( Nvidia’s little-known supplier is set for a [$100 BILLLION sales explosion]( …and it’s thanks in part to this mysterious device you see here: [Click here to learn more]( According to our research… This $100 billion sales boom could even turn this little-known supplier… …into the [the next trillion-dollar stock](. To see how to take advantage of this little-known supplier – before it’s $100 billion sales surge —— [go here now.]( [Click Here To Learn More]( [Sean Ring] SEAN RING Happy Friday! It’s gloves-off time. No intro. No bullet points. Let’s get straight into it. Hello Sean, [Your 9-Oct-2023 column]( now confirms to me something that I have suspected for a while now. You are a crazy Libertarian. Your column was borderline anti-Semitic. An old friend of mine is also a crazy Libertarian, but he had the common sense to do 2 of 3 things that I suggested to him: (1) Relocate to Panama to take advantage of their pensionista visa system. (2) Renounce your US citizenship after gaining a second citizenship somewhere. (3) Make full use of the wonderful healthcare system that can be found in Panama. I "un-friended" my old friend after he refused to take step 3. As I have said before, your business & economics insights are wonderful; my old friend was a very smart electrical engineer whose technical opinions I trusted. Like my old friend, you have this horrible tendency to steer your column off-road into the weeds of subjects you do not understand, and that makes some of your columns unpalatable to read. Why should I bother with your lunatic rantings? Should I take the good with the bad? No - because there are many other business & economics columnists out there that are just as good as you without showing us their Paul Krugman-like lunatic controversial sides. Jeff R. One former colleague of mine, when seeing my Mensa card in my wallet, said, “Gee, Seanie, you hide that well.” I replied, “Nah, it just takes one to know one.” Jeff, I suspect we’re going to have a similar conversation. The Flimsy Charge of “Borderline Antisemitism” Oh, Jeff, the column’s title gave away my position. “Palestine Attacks!” it reads. Not “Palestine Attacks Because Israel Deserves It” or “Israel Gets Caught with Pants Down.” Just “Palestine Attacks!” The entire piece demonstrates how stupid Hamas were to attack civilians in such a barbaric fashion. I did not attempt to justify what they did for any reason. I won’t accuse you of cowardice for not outright calling me an “antisemite.” Because I know there’s no word in US English to describe someone who thinks Jews deserve to live in peace with dignity while simultaneously condemning The State and Government of Israel for its rash actions. That’s why you had to include the weak adjective “borderline.” Because deep down, you knew your accusation was bullshit. Scientists have proven cognitive dissonance is akin to physical pain. And why do I think so differently than the average American? Because I left the United States on October 3, 1999, and never returned to live there. That means I’ve been out of the CBS-NBC-ABC-CNN “news” cycle for almost a quarter century. It’s a long time to escape brainwashing. And since I left London in January 2009, I haven’t watched a single segment of BBC News. That’s nearly a decade and a half. Have you ever met another American who’s lived in Europe for as long as I have that’s not a socialist? I subscribe to The Wall Street Journal, The Times of London, and Le Monde (English edition). But that’s about it. The rest of my news comes from people I trust on the ground. And why is that? Not only have I lived in seven countries (US, UK, Singapore, Spain [for only two months], Hong Kong, Philippines, and Italy), I’ve traveled to 53 more countries. I’m the guy at the end of the bar buying rounds in places like Marrakesh, Tunis, Sharm El-Sheikh, Istanbul, Bodrum, Dubai, and Abu Dhabi. I get to know people. I ask questions. And I’ve been doing so for a quarter century. So, your charge of writing about “subjects I don’t understand” doesn’t hold up. No one’s knowledge is perfect, but I will assert mine has far fewer holes than the average American. And that’s what makes this a “Rude Awakening” and not a “Kiss Your Forehead and Caress Your Face Awakening.” As for being a “crazy libertarian….” Crazy Libertarian “Libertarianism” is a tainted term. But as it so happens, yesterday I interviewed Jeff Deist, author and former President of the Mises Institute. One of my questions to him was, “What’s the difference between libertarianism and conservatism?” Jeff, as eloquently as ever, explained how while he hoped there were many differences between the two, the one that stands out is that libertarianism is anti-war. I’m unabashedly anti-war. But if you want an actual, crazy libertarian, I suggest you read [Walter Block’s piece in]( Wall Street Journal]( yesterday. Here are his final two paragraphs: In other words, it needs to support a complete, total, and decisive Israeli victory. If this implies an overwhelming, unprecedented use of military force, so be it. Hamas is and will be responsible for any civilian casualties. Cause and effect. They created their own destruction and its consequences. Mere victory isn’t enough. Israel has won every war it has ever fought. This time, the triumph must be so thorough and conclusive that there will never be any other war for this country. Israel has a moral right to finish the job, and the West has a moral duty to support it. Let Israel do what it must to finish this war in the fastest way possible, with the minimum civilian and military casualties on its side. The consequences of this lie on the group that initiated the causal sequence—the one that must be completely destroyed, Hamas. I don’t have their permission to name them, as I didn’t ask for it, but here is what some quite famous libertarians think of Walter’s piece: “Unhinged.” “Walter Block went completely overboard. This is a reaction out of pure anger, frustration, and desperation and will in no way serve the interest of people living in Israel, whilst degrading people living in Gaza to less than disposables.” “Walter continues to disgrace himself and expose himself as a tribalist first and foremost.” “Sounds like Bush right after 9/11 and before the Iraq War.” “‘The state should destroy a different group of people!’ I think I have a different understanding of the Ancap definition and philosophy.” Those “crazy” libertarians are trying their darnedest to ensure peace on Earth. That brings me to… “Get The F*ck Out of the Country!” Jeff, I’m sure you thought you were being terribly clever when you advised me on your three-step plan for your “crazy” libertarian buddy. But as most Rude readers know - because I’ve been utterly truthful about it - I renounced my US citizenship in 2011. (You can check in the [Federal Register for April 30, 2012](. It takes a while to get named and shamed.) On that page, you’ll also find Denise Eisenberg (formerly Denise Rich, the songwriter), Eduardo Severin of Facebook fame, Matt Ridley (scientist and writer), and Derek Sivers (founder of CDBaby.com). I’ll admit it felt good to be associated with such luminaries. Rude readers also know I generally loathe socialized medicine, as it provides an inferior service to well-paid doctors and nurses. I’m sure you’re thrilled to hear it when people like me leave the country. And you have no worries about who will replace me. Those kids at [Harvard]( and [UCLA]( seem the best and the brightest, right? But… [Has World War III Just Begun?]( NATO sends tanks to Ukraine… Russia prepares for a winter offensive… [Is the beginning of World War III?]( [Click here to learn more]( An urgent message has just been released. But more importantly, we're offering to send you an [exact playbook]( on what we see playing out in the world and what you need to do to prepare. [Simply click here now to watch this short message and to see how to claim a copy completely free of charge.]( [Click Here To Learn More]( Shortly Outnumbered Let’s get some hard data for you now, Jeff. Jewish-Americans number about 6 million people. There are 3.5 million Muslim-Americans in the US. How long will it take for the Muslims to outnumber the Jews in the US? “Don’t be a racist! What does it matter?” you ask. Here’s how: [Rude] Let’s play: “I came to Israel as a Muslim and a foreign minister.” What’s going to happen then? [Are the Muslims in the US supposed to cheer for Israel instead of their own suddenly? Not happening, pal.]( Another question: if people like me, who are about to be proven right on Ukraine and Russia, were “Putler’s Paid Agents,” what’s Ben Shapiro? [Rude] [Watch the entire video @RomanGoddess72.]( Ben tells the audience he can do much more for Israel inside the U.S. than outside the U.S. I believe him. [Rude] Here’s a picture of a plane load of Israeli reservists flying from the United States: [Rude] Credit: [@Kevin88_H]( My questions are these: - Why aren’t these guys in the US Army? - If they’re not in the US Army, they’re a part of a foreign army. Why are they in the US? - How do they just get off work to fight a war and get let back into the US? What about this? I unreservedly accept that Israel has the right to exist. Can you tell me what countries don’t have the right to exist? - Scotland? Because they voted to stay in the UK? - North Korea because we don’t like their Dear Leader? - Kurdistan, because it doesn’t exist already? Am I being ridiculous for merely posing the question? I don’t think so. And will these reservists still be allowed to leave and fight for Israel when “The Squad” expands as the US’s Muslim population expands? Remember, the US allows Congressmen, Senators, and Executives to hold dual citizenship. Many have Israeli citizenship. Dual citizenship is prohibited in the Knesset. Interesting, don’t you think? Again, will that change with America’s growing Muslim population? What I’m Really Sorry About I wrote in Monday’s [Rude]( But there are truths and facts. The truth is the Holy Land matters to a great deal of people. The fact is that part of the Middle East is a worthless piece of dirt utterly devoid of resources. It’s utterly unforgivable. There are loads of natural gas offshore Gaza that I forgot about. [Rude] [Rude] Both maps are credited to [Global Research](. Joke Biden sending two aircraft carriers should’ve given the game away, to be honest. It’s an amazing coincidence that Europe needs that gas because they listened to the US and stupidly cut off Russia… And Europe would pay the Palestinians for that gas, enriching Gaza far beyond Israel… And by mowing the Palestinians into the Med, Gaza becomes part of Israel… And then Europe would send its money to Israel instead of the Palestinians. I should’ve just followed the money like I usually do. Same as it ever was. But what happens when Ukraine goes to the bargaining table cap-in-hand before the winter because the US has stopped financing the war for “as long as it takes?” [Listen to John Kirby spell it out here.]( Then, not only will Europe ask Russia to turn on the taps, but Ukraine will be partitioned. Then, both offensives were for nothing at all. What a waste of life. That’s how I understand the subject, Jeff. But you’ve probably already disengaged. So, I wish you a pleasant onward journey. Buono Appetito! [Rude] And thank you for staying. Have a wonderful weekend! All the best, [Sean Ring] Sean Ring Editor, Rude Awakening X (formerly Twitter): [@seaniechaos]( In Case You Missed It… What is the Cantillon Effect? When I explained why I love Palantir stock (PLTR), I didn’t give enough reasoning. Let’s do that today. The same arguments I used to show why banks do well applies to PLTR. Except, and this is the best part, the money goes straight from the government to PLTR. We need to talk about Richard Cantillon, the great Irish-French economist. Cantillon was an Irish-French economist and author of [Essay on the Nature of Trade in General]( a book William Stanley Jevons considered the "cradle of political economy.” That book influenced reams of classical economists like Adam Smith. And his theories hold water to this day. Note: I borrow heavily from a [Rude I wrote on October 21, 2021](. Cantillon effects are worth re-examining. But first, let’s define the term. The Cantillon Effect is the concept of relative inflation or a disproportionate price rise among different goods in an economy. Richard Mayberry, the author of the Uncle Eric books, redefined this as “cones.” Mayberry laid out the concept first in The Clipper Ship Strategy, one of his Uncle Eric books. I can't recommend these books enough if you haven’t read them. All eleven are available from his publisher [here]( much cheaper than you can get them on Amazon. But before we get to Mayberry and his cones, let’s visit an old friend first. Rothbard Eloquently Explains the Process It's not a mystery why the banks are so profitable. Whether you've read Cantillon, Mises, Rothbard, Hayek, or more contemporary writers like Richard Mayberry, they've all pointed to one thing. When a central bank prints money, the first people who get said printed money are the commercial banks. Both central banks and the government then lavish spending on their pet projects. Of course, Wall Street is the Fed’s one and only. The monetary largesse goes there first before The Street places its bets. In his magnum opus Man, Economy, and State, Murray Rothbard lays out exactly how banks benefit at the expense of the rest of us: Credit expansion has, of course, the same effect as any sort of inflation: prices tend to rise as the money supply increases. Like any inflation, it is a process of redistribution, whereby the inflators, and the part of the economy selling to them, gain at the expense of those who come last in line in the spending process. This is the charm of inflation—for the beneficiaries—and the reason why it has been so popular, particularly since modern banking processes have camouflaged its significance for those losers who are far removed from banking operations. The gains to the inflators are visible and dramatic; the losses to others hidden and unseen, but just as effective for all that. Just as half the economy are taxpayers and half tax-consumers, so half the economy are inflation-payers and the rest inflation-consumers. [White House insider exposes epic Biden mistake]( Thanks to the incompetence of President Joe Biden… [And the HUGE mistake he made on February 24, 2022]( And an unthinkable event has now happened… Bringing in hyperinflation like we’ve never seen… Crushing the value of the money in your savings and retirement accounts… Tanking our economy… And changing our country’s global standing forever. But there’s still time to protect your money. But you can’t wait. [>>See Biden’s terrible mistake here<<]( [Click Here To Learn More]( Uncle Eric Explains All Richard Mayberry concentrates more on the fiscal side, but the results are the same. Mayberry notes that analysts and economists wrongly assume that the new money printed and the fiscal deficit spending are evenly distributed throughout the land. Nothing could be further from the truth. Instead, money is injected into specific locations, which he calls “cones.” Mayberry writes, "The best way to invest is to look where the government is putting money and invest there." To use his euphemism, they essentially “pour” the money into a city, a geographical area, or an industry. Because of the government largesse - just redistributed taxpayer funds - the stocks representing the companies receiving the subsidies, tax breaks, or straight investment will go up. That was his entire theory in a nutshell, and it's exquisite. The biggest cone in the world is lower Manhattan. That's the most oversized cone in the world because they get the new, freshly printed money. Bankers have driven up this bubble because they get paid first. Of course, it’s not just the bankers but asset managers, non-bank financial institutions, and private equity funds. After distributing their profits, they go out and spend their money and drive prices up first. By the time the money trickles down to the populace, they can't buy nearly as much with it because the bankers have driven the prices up. This is why there is such an enormous disconnect between what's going on on Wall Street and Main Street. Main Street doesn't get the money fast enough. Now, Main Street can't buy a house because of it, and it's a damn shame. A genuinely free market would have gently rising and falling asset prices, and you could time the market better. It wouldn't be perfect, and sometimes you'd have to buy it when prices are high. How Do Banks Make All That Money? There are a few ways that banks make money. One is net interest income. If rates are indeed going to rise because of inflation, banks should make more money based on the difference between the amount that they pay you in deposits and the amount they charge to lend to you. But because our big banks are also investment banks and sales and trading houses, they get to make money in many other ways. Bankers who are working in equity origination charge advisory fees. That's IPOs, mergers and acquisitions, and leveraged buyouts. They're making a ton of money, as are their lawyers and accountants. Sales and trading will also make a ton of money because the market's just going up, and they have a bullish natural ax. I explained these natural axes in an earlier Rude, but let me remind you what's happening here. The Axes Grind The biggest clients of Wall Street are the portfolio managers like BlackRock, Fidelity, and Vanguard. Pension funds, insurance companies, and endowment funds that use portfolio managers to execute their strategies always hold stock. There are two ways that they will hedge this stock. One way is to buy puts against the stock, which is slightly more expensive but completely protects the stock’s downside. They'll buy the puts from the banks, which means the banks are naturally long the market. If you're short a put, it’s a bullish play. They may also sell calls against stocks that they don't think will fall too much, but they also don't think are going to roof it. Naturally, when they sell those calls to the banks, the banks are long calls. When you combine a long call position and a short put position, you have a bullish synthetic long stock position. So, as long as the stock market keeps going up, the banks will make loads of money just from the inventory of options positions and the stocks they hold to lend to other financial institutions and hedge funds. Let me leave you with Uncle Eric’s excellent advice: - Find out where there is a cone. - Tap into that cone. - Don’t expect the cone to last forever. - Always be searching for new cones. Thanks to America’s penchant for spying, PLTR’s cone is just getting started. Have a great day! All the best, [Sean Ring] Sean Ring Editor, Rude Awakening X (formerly Twitter): [@seaniechaos]( In Case You Missed It… What is the Cantillon Effect? When I explained why I love Palantir stock (PLTR), I didn’t give enough reasoning. Let’s do that today. The same arguments I used to show why banks do well applies to PLTR. Except, and this is the best part, the money goes straight from the government to PLTR. We need to talk about Richard Cantillon, the great Irish-French economist. Cantillon was an Irish-French economist and author of [Essay on the Nature of Trade in General]( a book William Stanley Jevons considered the "cradle of political economy.” That book influenced reams of classical economists like Adam Smith. And his theories hold water to this day. Note: I borrow heavily from a [Rude I wrote on October 21, 2021](. Cantillon effects are worth re-examining. But first, let’s define the term. The Cantillon Effect is the concept of relative inflation or a disproportionate price rise among different goods in an economy. Richard Mayberry, the author of the Uncle Eric books, redefined this as “cones.” Mayberry laid out the concept first in The Clipper Ship Strategy, one of his Uncle Eric books. I can't recommend these books enough if you haven’t read them. All eleven are available from his publisher [here]( much cheaper than you can get them on Amazon. But before we get to Mayberry and his cones, let’s visit an old friend first. Rothbard Eloquently Explains the Process It's not a mystery why the banks are so profitable. Whether you've read Cantillon, Mises, Rothbard, Hayek, or more contemporary writers like Richard Mayberry, they've all pointed to one thing. When a central bank prints money, the first people who get said printed money are the commercial banks. Both central banks and the government then lavish spending on their pet projects. Of course, Wall Street is the Fed’s one and only. The monetary largesse goes there first before The Street places its bets. In his magnum opus Man, Economy, and State, Murray Rothbard lays out exactly how banks benefit at the expense of the rest of us: Credit expansion has, of course, the same effect as any sort of inflation: prices tend to rise as the money supply increases. Like any inflation, it is a process of redistribution, whereby the inflators, and the part of the economy selling to them, gain at the expense of those who come last in line in the spending process. This is the charm of inflation—for the beneficiaries—and the reason why it has been so popular, particularly since modern banking processes have camouflaged its significance for those losers who are far removed from banking operations. The gains to the inflators are visible and dramatic; the losses to others hidden and unseen, but just as effective for all that. Just as half the economy are taxpayers and half tax-consumers, so half the economy are inflation-payers and the rest inflation-consumers. All the best, [Sean Ring] Sean Ring Editor, Rude Awakening Twitter: [@seaniechaos]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from Rude Awakening, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@rudeawakening.info. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. 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