Intel Gets $3 Billion FROM YOU! What Your Tax Dollars Are REALLY Funding?

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Cue up the ACDC, Intel, and the highway to hell. So Intel got another, you want to call it a lifeline? Right? Get another lifeline from you. That’s right. You, the taxpayer, are giving Intel more money. Yeah.

Biden and Kamala got together and decided to give Intel your money. You know how much? $3 billion. Yep. This is in addition to the money they got from the Chips Act earlier. You take a look at Intel and the ties that they have to…

to Defense Department, go figure. And guess what? They’re gonna keep my float. Gotta keep my float. Again, I’m sure, sure there’s a lot of ex brass from the Pentagon that get nice cushy no -show jobs at Intel after they’re done working at the Pentagon. But anyway, neither here nor there. Highway to Hell. I love that song by ACDC.

But I’ve equated here on the program over the years with Hayek and the road to serfdom. The road to serfdom, the highway to hell. Now, we have gotten ourselves deeper and deeper and deeper going back to the financial crisis, quite frankly, where all of a sudden the government decided to suspend

capitalism and decided to start bailing this one, that one and every one out. Not only just the banks, but also the auto sector. George W Bush bailed them out and then Obama came in and he bailed them out and then he broke all the rules of finance and basically stuck it to the creditors and we just continue on this road to serfdom and the highway to hell. Now what is the road to serfdom?

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Interestingly enough, we are at the 80 year. 80 years since Hayek put out the road to serfdom. I’m going to talk a little bit about it, what it’s all about and where we’re at today. And it’s not a good spot. In the 1940s, 1940s, state interventionism was all the rage.

All the rage on the rise in Europe on the rise in Asia. The Wall Street Journal today, Renner Zeidelman did an unbelievable piece about Hayek and the road to serfdom. We have the same problem today. We have this nonsensical belief system that we need the government to fix it. We need government intervention in the economy. We need these wizards of smart in Washington, D .C.

to be handling all of this nonsense. What do we have? Higher taxes, strict regulations, all this nonsense. Anyway, as Evan writes, he said that there was a misconception among intellectuals that national socialism, national socialism, Nazis, was a form of capitalism. In 1939, philosopher Max Horkheimer, co -founder of the Frankfurt School said, but whoever’s not willing to talk about capitalism,

should also keep quiet about fascism. Hayek later explained that his book was primarily addressed to those among the British socialist intelligentsia. They’re everywhere now, that British socialist intelligentsia, even though it’s on the rise there, but it’s here, there, and everywhere. They saw Nazism as a reaction to classical socialist trends. In reality, it was a necessary outcome of those tendencies.

Socialists in those days avoided describing Hitler’s movement and system as national socialism to deny the intellectual affinity between socialism and Nazism. We always have that today. We always talk about Nazis, but everyone fails to understand that it was a socialist system. always, they us right wingers. They were socialist for crying out loud. Hitler developed, and Hayek didn’t even know this at the time, an admiration.

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of what was taking place in the Soviet Union and their planned economic system. In 1942, Hitler defended the Soviet planned economy to his inner circle. And I quote, one has to have unqualified respect for Stalin. In his way, the guy is quite a genius and his economic planning is also encompassing that it’s only exceeded by our own four year plan. I have no doubts whatsoever.

that there have been no unemployed in Russia, excuse me, Soviet Union, as opposed to capitalist countries such as the United States of America. In July 1941, Hitler said, a sensible employment of the powers of a nation can only be achieved with a planned economy from above. Hitler said it. Who else says these things today? yeah, yeah, a lot of our politicos in Washington, DC.

As far as the planning of the economy is concerned, says Adolf, we are still very much at the beginning and I imagine it will be something wonderfully nice to build up in encompassing German and European economic order. Man, Hitler would have fit right in at Davos at the World Economic Forum for crying out, he and Klaus would have been best buddies.

In 1971, Hayek emphasized that the primary focus of his book was classical socialism, which aimed to nationalize the means of production. But national socialism in economic terms can be seen as a precursor of modern socialism. Unlike classical socialism, modern socialism no longer seeks to nationalize the means of production, but instead maintains the facade of private property.

Right, how often do we talk about this here on the program?

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facade of private property rights. But your rights are eroded. Basically, it’s a formality, doesn’t have any true substance. Entrepreneurs becoming, in essence, subjects of the state. In a speech in May of 1937, Hitler described this philosophy.

I tell German industry, for example, you have to produce such and such now. And then I return to this in the four year plan. If German industry were to answer me, we are not able to, then I would say to it, fine, then I will take that over myself, but it must be done. But if the industry tells me we will do that, then I am very glad that I do not need to take that on. Sound like our auto industry by any stretch of the imagination?

You remember when Maxine Waters threatened to socialize the oil companies because the price of gas went up?

Hayek’s book presents a second important thesis. The loss of economic freedom precedes the loss of intellectual and political freedom. Critics who dispute his concerns point to the UK, which after World War II introduced extremely high taxes and nationalizations. Although the economic consequences were disastrous and reversed only decades later by Margaret Thatcher. Hayek’s warnings, let’s think about this. Let’s go back.

We were in 1980s, 1990s. Again, this Reagan years, we’re talking about Reagan years and we’ll talk about the Clinton years. Economic freedom was ascending. What’s happened now? We’ve got this belief system now we’re going to believe in, again, industrial policy, ruling out of capitals. Beijing, Washington, Brussels.

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And at the same time, at the same time, you’re losing, as Edmund says in his column today, you’re also losing intellectual freedom as well.

with all sorts of nonsensical woke ideology that’s here, there, and everywhere. Great piece, by the way, think Rainier Zeidelman today in the Wall Street Journal, again, looking back at Hayek and the road to serfdom. Central planning never works. It never works. It fails every single time. And what it will also do is will stifle innovation.

stifle innovation and it will stifle growth. We’ve talked on many occasion here at the program, the issues with regulatory capture and big business getting in bed with the government. Again, it’s the part of my watchdog on Wall Street, Axis of Evil. Big business, politicians and the mainstream media working hand in hand to further their own needs. Yup, cue up the ACDC. We’re on the high way to hell. Watchdog on wallstreet .com.