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The Hidden Cost of Tariffs on Pharmaceuticals: Prescription for a Disaster

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Let’s examine a critical topic that affects all of us: the Trump administration’s push to impose tariffs on pharmaceutical imports. While this move may sound like just another policy headline, it could have serious consequences for millions of Americans, especially those already struggling to afford healthcare (unfortunately, there are millions of them!).

America’s Dependence on Imported Pharmaceuticals

The United States is the world’s largest importer of pharmaceutical products. In 2024 alone, the country imported around $214 billion worth of drugs and related products, while exporting only $95 billion, leaving us with a hefty $119 billion trade deficit in this sector.

But here’s what’s important: the U.S. doesn’t just import finished drugs. We also rely on foreign sources for active pharmaceutical ingredients (APIs)—the core compounds used in drug manufacturing. While about 54% of these were produced domestically in 2019, the rest came from countries like Ireland, China, India, and Germany.

This means that even “Made in America” medications still depend on global supply chains—and tariffs could disrupt the entire system.

Generic Drugs Are Especially at Risk

Generic medications, often more affordable than brand-name drugs, are particularly vulnerable. China, for example, supplies 95% of U.S. ibuprofen imports, 91% of hydrocortisone, and up to 45% of penicillin. The U.S. doesn’t currently have the manufacturing capacity to replace these imports at scale.

If tariffs are imposed, prices on everyday drugs—from antibiotics to over-the-counter painkillers—could skyrocket, leaving consumers with no choice but to pay more or go without.

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A Broken System on the Brink

Let’s not forget: the U.S. healthcare system is already broken (I will share more detailed posts on this in the near future).

According to the Commonwealth Fund, America ranks last among 10 high-income nations when it comes to healthcare access, outcomes, and equity. Despite spending 16% of its GDP on healthcare, the U.S. continues to fall short.

Here’s a snapshot:

  • 26 million Americans remain uninsured.

  • 1 in 4 working-age adults are underinsured.

  • Over 40% of Americans spent $1,000 or more out-of-pocket on healthcare last year.

  • Life expectancy is just 77.5 years—lower than many peer nations, and even comparable to Iran.

Now add tariffs on life-saving medicines? It’s a recipe for disaster.


Watch the latest video where I share more details on the subject, available on YouTube and Rumble:


How Tariffs Raise Drug Prices

Here’s how tariffs can hurt consumers:

  1. Higher Production Costs – Tariffs raise the cost of importing ingredients, making medications more expensive to produce.

  2. Less Competition – Smaller generic drug companies may not survive, reducing competition and driving prices up.

  3. Disrupted Supply Chains – Delays and shortages could hit pharmacies across the country.

  4. Fewer Generics – Delays in launching affordable generics mean consumers may be stuck paying for costly brand-name drugs.

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Therefore, tariffs on pharmaceuticals may sound like an economic strategy, but in reality, they hit everyday Americans the hardest. At a time when people are already drowning in medical bills, we need policies that lower healthcare costs, not drive them higher.

Should the U.S. impose tariffs on pharmaceutical imports? Drop a comment below—I’d love to hear your take.

Thanks again for reading!


Thank you to all my subscribers for being part of World Affairs in Context. Your support makes the newsletter happen, and your questions, ideas, and suggestions inspire it. Please consider becoming a paid subscriber, which will help contribute to the resources needed to produce more content on the platform. If you’d like to make a one-time contribution, please do so via PayPal or Buy Me a Coffee.

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🔴 CRISIS AHEAD: This is Why US Healthcare Will be UNAFFORDABLE Due to New Tariffs on Pharmaceuticals

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🔴 'SELL AMERICA' PANIC: World is Quickly Ditching US Assets as De-dollarization Is Accelerating

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Weekly Recommendations & Recap

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Greetings, All!

Let’s catch up on the latest top headlines, opinions, and recommendations.

This week I enjoyed three fascinating conversations:

Collapse of the Fake Economic System: Threat of Iran War & Surging Debt Send Final Warnings with Dr. Ron Paul

Dr. Paul notes that the United States has been on an unsustainable fiscal path, and we are witnessing the collapse of the fake economic system. President Trump seeks to increase the Pentagon budget to $1 trillion as the federal deficit rises and the national debt surpasses $37 trillion. Interest on the debt is already larger than spending on Medicare and national defense combined – it is second only to Social Security. Ending the glorification of militarism and interventionism over peace, sound money policies, and the nation’s prosperity is the first step toward addressing economic and political challenges.

US-Russia Peace Talks Stall: Will US Abandon the Failed Proxy War to Attack Iran? with Prof. Pascal Lottaz

Dr. Pascal Lottaz notes that although the US-Russia peace talks are progressing much slower than originally expected, the peace in Ukraine is viewed by both sides as only a part of the bigger goal to re-establish an effective security architecture in Europe. The calls for a ceasefire are meant to freeze the conflict as Russia is decisively winning on the battlefield. The tensions within the Trump administration and the neocons who push to continue the fighting (such as Gen. Chris Cavoli) indicate internal policy misalignment as the military-industrial complex refuses to abandon a failed proxy war before it sets the stage for a pivot to another lucrative multi-billion-dollar conflict.

China Warns Philippines: The US Grooms New Pawn for War on China with Dr. Anna Malindog-Uy

The US State Department’s approval of a $5.58 billion military sale to the Philippines, featuring 20 cutting-edge F-16 fighter jets and a wide array of advanced weaponry and support systems, came amid reports of the deployment of yet another Typhon missile system to the country. After the recent social unrest caused by the ICC arrest of the former President Rodrigo Duterte, the Marcos Jr. administration welcomed US Secretary of Defense Pete Hegseth, whose main goal was to strengthen the military alliance between the two countries.

Anna Malindog-Uy notes that the new arms race in the region will drive China to an increasingly defensive posture and further destabilize the Indo-Pacific region. Tensions in the South China Sea and those surrounding Taiwan are escalating, and the multi-billion-dollar sales of weapons to the Philippines indicate that the country is being groomed as a new U.S. proxy in Asia.

World Affairs in Context is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Top Videos of the Week

US to Send $10,000 Checks to EACH Greenlander to Allow the US to Annex Their Land

Donald Trump’s push to acquire Greenland has turned from a bizarre idea into a formal U.S. strategy, now using taxpayer-funded PR campaigns and financial incentives to manipulate Greenland’s small population. Rather than respecting Greenlandic autonomy, the U.S. aims to “educate” residents into alignment while painting Denmark as a villain. Trump’s plan proposes $10,000 payments per resident to gain access to the island’s valuable resources—benefiting U.S. elites, not Greenlanders. Despite clear opposition from both Denmark and the island’s people, Trump remains confident. What looks like soft power is, in reality, a calculated attempt to buy influence and exploit Arctic resources under false pretenses.

China Is De-dollarizing: China Launches $1.2 Trillion Digital Yuan System, Bypasses Western SWIFT

The U.S.–China tariff war has sharply escalated, with China imposing a 125% tariff on U.S. goods in response to Trump’s staggering 145% tariff on Chinese imports. While Trump frames it as a punishment for China’s “disrespect,” critics argue it's reckless protectionism harming global trade and U.S. consumers. Treasury Secretary Scott Bessent downplayed China’s retaliation, ignoring how deeply these tariffs affect American wallets. Without broader economic reforms—like investing in labor, infrastructure, and raw materials—tariffs alone won’t revive U.S. manufacturing. This trade war may be more about political posturing than policy, and it’s the American public who will pay the price.


This Week’s Top Headlines

President Trump backtracks on tariffs, exempts phones, chips, and computers

The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries.

The exclusions apply to smartphones, laptop computers, hard drives, computer processors, and memory chips. These popular consumer electronics items are generally not made in the US, and the US imports over $60 billion of smartphones per year.


Thank you to all my subscribers for being part of World Affairs in Context. Your support makes the newsletter happen, and your questions, ideas, and suggestions inspire it. Please consider becoming a paid subscriber, which will help contribute to the resources needed to produce more content on the platform. If you’d like to make a one-time contribution, please do so via PayPal or Buy Me a Coffee.

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Trump envoy: Ukraine could be divided like postwar Berlin

Keith Kellogg suggests the UK and France could lead the western zone of control while enjoying full control of Odessa, a critical naval point on the Black Sea, while Russia controls the left bank of the Dnipro River.

In an interview with The Times, Kellogg said the Anglo-French-led force west of the Dnipro River would “not be provocative at all” to Moscow. On numerous occasions, Russia made it clear that any Western troops would be escalatory and therefore unacceptable.

Following the release of the interview, Keith Kellogg said The Times misunderstood the meaning of what he said about "dividing Ukraine."

US-Iran Negotiations Begin in Oman

Following the bilateral talks on April 12 in Oman, Iran said the first formal talks with US envoy Steve Witcoff over its nuclear program were “constructive,” and both sides agreed to meet again next week. The indirect talks lasted 2.5 hours, after which US envoy Steve Witcoff and the Foreign Minister of Iran, Seyed Abbas Araghchi, spoke briefly.

The two sides discussed Iran’s nuclear program and the lifting of sanctions “in a constructive atmosphere and with mutual respect,” the Iranian foreign ministry said in a statement after indirect talks that lasted for more than two hours.

While the US seeks the full dismantling of Iran’s peaceful (civilian) nuclear program, Iran has proposed to the United States a nuclear-free Middle East, including a completely denuclearised Israel.

Former Iranian diplomat and participant in the 2015 nuclear talks Hossein Mousavian commented that Iran would never agree to the US demands to shut down its nuclear program, and the Iranian missile program would also be off-limits in these negotiations. If a deal is to be made, it has to consider the interests of all involved parties.

Vladimir Putin and US envoy Steve Witkoff met in St. Petersburg on April 11th 2025

This was the third meeting this year between President Putin and Steve Witkoff. Earlier this week, US Secretary of State Marco Rubio commented:

“We will know soon enough, in a matter of weeks, not months, whether Russia is serious about peace or not. I hope they are."

Although no details have been released, Turkiye announced that it will host the next round of negotiations between Russia and the United States.

World Affairs in Context is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Market Turmoil Amid Tariff Announcements

President Trump's sudden announcement of a 10% universal tariff on all imports, effective April 5, and additional “reciprocal” tariffs targeting specific countries, including a 145% tariff on Chinese imports, led to global market volatility. The MSCI All-Country Index lost over $5 trillion in value, reflecting investor unpreparedness for such aggressive trade policies and a deteriorating economic outlook as a result of the new tariff regime and instability.


What I’m Reading & Listening to This Week

This week, my top podcast was “Ukraine is a repeat of Afghanistan” by Neutrality Studies. Why is this an important topic? History repeats itself. Little-known facts, such as that the US used Mujahideen as proxies in its ideological war with the USSR, provide clarity and help set the stage for understanding hybrid warfare and current proxy conflicts.

Additionally, I enjoyed a recently published article, “Under Primacy, Weapons Sales Will Always Supersede Human Rights.” The U.S. government’s professed dedication to human rights is often at odds with its pursuit of global military dominance. Since the 1970s, when Congress enacted laws to restrict military aid to human rights violators, the U.S. has presented itself as a global defender of rights. However, this commitment has consistently taken a backseat to strategic interests, from the Cold War to the War on Terror. Despite legislation, Congress has never blocked a weapons sale, exposing the limits of these human rights protections.

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This pattern has continued through successive administrations, regardless of party. The U.S. frequently invokes human rights to criticize adversaries, while ignoring violations by allies. This hypocrisy is especially evident in the Biden administration’s unconditional military support for Israel during its 2023 invasion of Gaza, despite credible evidence of legal violations.

The author argues that as global power shifts toward multipolarity, Washington remains fixated on preserving U.S. military supremacy. In this environment, human rights remain secondary, and they are used selectively when convenient. Genuine progress requires a fundamental rethinking of U.S. foreign policy, emphasizing restraint and reducing reliance on military dominance to foster a more consistent and principled commitment to human rights.


Thank you to all my subscribers for being part of World Affairs in Context. Your support makes the newsletter happen, and your questions, ideas, and suggestions inspire it. Please consider becoming a paid subscriber, which will help contribute to the resources needed to produce more content on the platform. If you’d like to make a one-time contribution, please do so via PayPal or Buy Me a Coffee.

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Ron Paul: As US Economy Collapses, Pentagon Seeks $1 TRILLION Budget for Endless Wars (Clip)

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Free Speech and the Apocalypse

If the US government had its way, my latest book, Highway to Hell: The Armageddon Chronicles, 2015-2024, would never have been written, let alone published. The government wants to control the narrative around the threat of nuclear conflict. Highway to Hell destroys the government narrative, exposing the reality of the dangers of a nuclear conflict, and how the government is making such a conflict more than a possibility, but rather a distinct probability, for the American people and the rest of the world.

When Highway to Hell was first conceived, I was in the midst of a campaign—Operation DAWN—designed to make preventing nuclear war and promoting arms control a central issue for the 2024 Presidential election. Highway to Hell was intended to be a primer for the education of Americans on the imminent danger of nuclear war, and the absolute necessity for disarmament and arms control as the ideal mechanisms to keep the nuclear genie in the bottle.

The Biden administration’s Department of Justice and FBI, however, took umbrage with this campaign and, as part of a larger effort to counter so-called Russian interference in the American electoral process.

On August 7 of 2024, the FBI raided my home. They seized my personal electronics, including my main laptop where I kept my files and drafts of work in progress. On that laptop there were several lengthy articles and two draft books. The FBI also seized archival material that was being used in both the articles and the draft books.

But the FBI did more: by carrying out such a high-profile raid, the FBI highlighted their allegations that I was an agent of the Russian Federation. They brought into question my credibility as a journalist and analyst, and by linking their allegations to my status as a contributor to both RT and Sputnik, sought to paint me as a Russian propogandist, and my work, by extension, Russian propaganda.

In short, the FBI raid was an elaborate act of theater designed to destroy a critical voice at the very moment this voice needed to be heard the most: on the eve of a national election where the issue of nuclear war and arms control was one of the most important being considered by the American people.

While I was, and still am, unable to access the draft articles and books, along with the archival research documents, I was not about to let the FBI and, by extension, the US government, silence me.

When the work the government labeled as propaganda (i.e., my articles published in RT and Sputnik) is combined with work I have done over the course of the past decade, the government’s efforts fail miserably.

This is especially true when addressing the issue of the threat posed by nuclear weapons and the critical importance of arms control in containing and eliminating this threat.

The government claims that in articles I published with RT and Sputnik I am simply parroting Russian talking points.

This is the furthest thing from the truth: when these articles are read side by side with dozens of other articles written over the years for outlets such as The Huffington Post, TruthDig, The American Conservative, The Washington Spectator, Consortium News and Energy Intelligence, the consistency of argument and the heavy reliance on fact-based analysis underscores the reality that my work is my work alone, influenced by no outside parties, including the Russian government.

The articles were, however, intended to influence the target audience, namely the American people.

And this is exactly what the FBI and the Biden administration were trying to prevent by raiding my home.

In preparing the original draft of Highway to Hell, I had gone back and reviewed the totality of my writing about nuclear weapons and arms control since 2015. I had written a couple chapters prior to the FBI raid, which were lost when the FBI seized my computer. Anyone who writes knows how hard it is to pour yourself into a project, and how hard it is to try and recreate that product in case it is lost, erased, or—as in this case—stolen by the US government.

I was having a hard time getting motivated to re-write the chapters in question, and was re-reading the earlier articles to get myself motivated, when I was struck by an epiphany: why re-invent the wheel?

The book I was trying to write was, for all intents and purposes, already written.

Moreover, by assembling the various articles I had written over the years into a single volume, organized chronologically by topic, I would be able to demonstrate to anyone who read the book the reality that what I wrote for RT and Sputnik was exactly what I wrote for my American publishers. And finally, by writing a book that incorporated the RT and Sputnik articles I wrote on nuclear weapons and arms control, I would be standing up to the forces that were trying to silence me, not only by continuing to speak and write on topics they found disconcerting, but also by publishing the very material they were trying to delete from the public eye.

Highway to Hell was now more than simply a clarion call about the dangers of nuclear weapons and the need to rid the world of that danger, but it was also the physical manifestation of the absolute need for free speech (my voice) and a free press (Clarity Press, which had the courage to publish this book in the face of US government pressure not to.)

The threat of nuclear war is as great today as it has ever been in the history of the nuclear era, even more so than the Cuban Missile Crisis of October 1962. Someday the history of what happened between September and December 2024 regarding the Biden administrations insane rush toward the nuclear apocalypse will be become public. What we know now, however, should be enough to send a chill down the spine of any American—the Biden administration gave Ukraine permission to use long-range US-made ATACMS missiles against targets inside Russia despite a Pentagon assessment which said such actions had a better than 50% chance of triggering a Russian nuclear response.

More than 50%.

And the Biden administration went ahead regardless.

Some people may think that the Biden administration believed the Russians were bluffing.

But a senior Democratic member of Congress, when briefed by the CIA about the new Russian nuclear doctrine that the Biden administration would be testing by greenlighting the use of ATACMS by Ukraine, made it clear that the CIA had concluded that the Russians were not bluffing.

The scariest part of the briefing, this representative told me, was not the CIA conclusion, but rather the fact that the senior Biden administration officials present were not concerned by the potential for a nuclear “exchange” with Russia.

This fact was backed by a presentation made in November 2024 by the Strategic Command officer responsible for America’s nuclear war plans. Rear Admiral Thomas Buchanan, the J-5 (Plans and Policy) for Strategic Command, told an audience at a panel hosted by the Center for Strategic and International Studies that the US was prepared to fight and win a nuclear war. While he did not cite Russia as the enemy in such an exchange, this conversation took place at the precise timeframe where the Biden administration was playing nuclear roulette with ATACMS missiles.

It is incumbent for the American public to empower themselves with knowledge and information about the dangers of nuclear war, and the need for arms control.

Highway to Hell is an ideal resource for this empowerment.

And the fact that the US government did its level best to keep this book from being published should be even more reason for this book to be read by every American.

Because free speech isn’t free if the American people are denied access to information by the US government.

Scott will discuss this article and answer audience questions on Ep. 254 of Ask the Inspector.

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🔴 US to Send $10,000 Checks to EACH Greenlander to Allow the US ANNEX Their Land

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🔴 COLLAPSE OF FAKE ECONOMIC SYSTEM: Threat of Iran War & Surging Debt Send Final Warnings| Ron Paul

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Dr. Ron Paul is a former Congressman, United States Presidential candidate, the founder of The Ron Paul Institute for Peace and Prosperity, and the host of The Ron Paul Liberty Report, a must-watch show on Rumble!

Follow Dr. Ron Paul on X: https://x.com/RonPaul, watch The Ron Paul Liberty Report: https://rumble.com/c/RonPaulLibertyReport, and connect with the Ron Paul Institute for Peace and Prosperity: https://ronpaulinstitute.org.

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Collapse of Fake Economic System: Threat of Iran War & Surging Debt Send Final Warnings| Dr. Ron Paul

World Affairs in Context is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Today, I was honored to connect with Dr. Ron Paul whose dedication to supporting a peaceful foreign policy and the protection of civil liberties at home has been unparalleled. Dr. Paul is a former Congressman, United States Presidential candidate, and the founder of The Ron Paul Institute for Peace and Prosperity. Dr. Paul is the host of The Ron Paul Liberty Report, a must-watch show on Rumble!

Dr. Paul notes that the United States has been on an unsustainable fiscal path, and we are witnessing the collapse of the fake economic system. President Trump seeks to increase the Pentagon budget to $1 trillion as the federal deficit rises and the national debt surpasses $37 trillion. Interest on the debt is already larger than spending on Medicare and national defense combined – it is second only to Social Security. Ending the glorification of militarism and interventionism over peace, sound money policies, and the nation’s prosperity is the first step toward addressing economic and political challenges.

Follow Dr. Ron Paul on X, watch The Ron Paul Liberty Report for daily updates, news, and analysis, and connect with the Ron Paul Institute for Peace and Prosperity.

The video is available on YouTube and Patreon.


Thank you to all my subscribers for being part of World Affairs in Context. Your support makes the newsletter happen, and your questions, ideas, and suggestions inspire it. Please consider becoming a paid subscriber, which will help contribute to the resources needed to produce more content on the platform. If you’d like to make a one-time contribution, please do so via PayPal or Buy Me a Coffee.

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🔴 125% TARIFF ON CHINA: Trump Escalates, Leaves NO Off-Ramp as China Refuses to Back Down

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🔴 DECLARATION OF WAR: Trump Hits Back China with 104% Tariff on ALL Goods Effective IMMEDIATELY

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🔴 CHINA Is De-dollarizing: China Launches $1.2 Trillion Digital Yuan System, Bypasses Western SWIFT

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🔴 US-RUSSIA PEACE TALKS STALL: Will US Abandon the Failed Proxy War to Attack Iran?| Pascal Lottaz:

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Dr. Pascal Lottaz is Associate Professor of International Relations at Kyoto University in Japan.

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US-Russia Peace Talks Stall: Is the US Abandoning Failed Proxy War on Russia as It Preps to Attack Iran? | Dr. Pascal Lottaz

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Although President Donald Trump campaigned on ending the Ukraine-Russia conflict “in 24 hours”, the complexity of the US proxy war has proven to be far more nuanced. Since January 2025, the neocons in Washington spent $1 billion to bomb Yemen as the Trump Administration approved nearly $12 billion in major FMS sales to Israel. As the US buildup of military assets around Iran intensifies, will it seek to exit its failed proxy war in Ukraine to attack Iran?

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Dr. Pascal Lottaz notes that although the US-Russia peace talks are progressing much slower than originally expected, the peace in Ukraine is viewed by both sides as only a part of the bigger goal to re-establish an effective security architecture in Europe. The calls for a ceasefire are meant to freeze the conflict as Russia is decisively winning on the battlefield. The tensions within the Trump administration and the neocons who push to continue the fighting (such as Gen. Chris Cavoli) indicate internal policy misalignment as the military-industrial complex refuses to abandon a failed proxy war before it sets the stage for a pivot to another lucrative multi-billion-dollar conflict.

Dr. Pascal Lottaz is Associate Professor for Neutrality Studies at Kyoto University’s Faculty of Law & Hakubi Center. Follow Pascal on X and watch one of his recent interviews and analysis videos on Neutrality Studies.

The video is available on YouTube and Patreon.


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The US-China Conflict: The Philippines Groomed as US' Strategic Proxy in the Looming US-China War

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The US State Department’s approval of a $5.58 billion military sale to the Philippines, featuring 20 cutting-edge F-16 fighter jets and a wide array of advanced weaponry and support systems, came amid reports of the deployment of yet another Typhon missile system to the country. After the recent social unrest caused by the ICC arrest of the former President Rodrigo Duterte, the Marcos Jr. administration welcomed US Secretary of Defense Pete Hegseth, whose main goal was to strengthen the military alliance between the two countries.

Anna Malindog-Uy notes that the new arms race in the region will drive China to an increasingly defensive posture and will further destabilize the Indo-Pacific region. The tensions in the South China Sea and those surrounding Taiwan are escalating as the multi-billion-dollar sales of weapons to the Philippines indicate it is being groomed as a new U.S. proxy in Asia.

Dr. Anna Malindog-Uy is the Vice President at the Asian Century Philippines Strategic Studies Institute. Follow Anna on X and read her latest articles on her site.


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🔴 CHINA WARNS PHILIPPINES: The US Grooms New Pawn for War on China | Dr. A. Malindog

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Dr. Anna Malindog-Uy is the Vice President at the Asian Century Philippines Strategic Studies Institute.

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Weekly Recommendations & Recap

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Greetings, All!

Let’s catch up on the latest top headlines, opinions, and recommendations.

The big story of the week was, without a doubt, Liberation Day, when President Trump announced new tariffs on 185 countries, including an uninhabited island with zero human population and many, many penguins.

This week I enjoyed two fascinating conversations:

Stolen Gold in Fort Knox, U.S. Dollar vs. Gold, Gold Revaluation, Bitcoin Reserve & $37 Trillion Debt Payoff

With Ryan McMaken, we discussed a range of topics related to the mysterious gold reserves held at Fort Knox and their true origins. Ryan shared his perspective on whether gold revaluation would collapse the U.S. dollar and if President Trump would use gold reserves to pay off $37 trillion in federal debt or buy Bitcoin for the newly created Federal Bitcoin Reserve.

Ryan McMaken notes that the gold held at Fort Knox was effectively “stolen” from the American public by the U.S. government after President Franklin D. Roosevelt issued Executive Order 6102 in 1933. This order effectively made gold ownership, both in coins and bars, illegal for all Americans and punishable by up to ten years in prison.

Tariffs, Tensions, and Trade: Understanding the US-China Conflict

As the new tariff regime is launched, its impact on the United States, the targeted countries, and the global economy is increasingly challenging to predict. It will undoubtedly raise prices domestically. The total tariff on goods produced in China now stands at 54 percent! After identifying China as a foreign “adversary,” the United States has doubled down on aggressive policies aimed at inflicting economic pain to weaken China’s manufacturing, military, and geopolitical capabilities.

Dr. Warwick Powell notes that China’s trade ties are well-diversified, and the shift away from the US market will take no longer than two years. The new tariffs are unlikely to yield better results than the tariff regime imposed on China during President Donald Trump’s first term. In fact, China has already won the technology race. Warwick underscored that tariffs alone would not “bring manufacturing back to the United States”; instead, policies to reduce the dominance of the finance sector, raise substantial investments in infrastructure, and create highly skilled, well-educated human capital should be prioritized.

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Stagflation Alert: Panic Begins as Inflation Rises, US Economy Slows & Trade Policy Chaos Deepens

No, it’s not “fearmongering”—even before “Liberation Day”, the US economy has started to show signs of weakening GDP growth, declining consumer demand, and rising inflation. I shared the specifics in this video, along with supporting data. Senator Rand Paul summed up the impact of tariffs best:

On an unrelated note, it is now “acceptable” to admit that the United States’ foreign policy is to blame for the emergence of the trend to de-dollarize. A recent article published in Financial Times spells out how the US “weaponized” the dollar:

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In retaliation for President Trump’s 54% tariff, China imposed a 34% tariff and launched export controls limiting the sale of rare earth minerals. The move undercuts Trump’s goal to increase purchases of the necessary components for domestic production.

Additionally, in a quite surprising turn of events, the EU signaled its willingness to escalate if a deal is not reached. The EU finds itself in a very unfortunate situation since the US is its top trade partner, and the more escalatory measures are taken, the weaker its economic realities become. In this video, I explain the US-EU trade patterns and the dependence of the European countries on Trump’s trade policies.


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This Week’s Top Headlines

  • President Trump introduced reciprocal tariffs, referring to the new trade policies as America's "declaration of economic independence."

    • The US is introducing 10% duties on imported goods from all countries of the world.

    • For all finished vehicles, tariffs of 25% will be effective on April 3.

    • The US introduced 20% duties on imports from the EU

    • An additional 25% duty on all importers of oil from Venezuela

    The estimated cost of new reciprocal tariffs is $654 billion based on the import data.

  • Following President Trump’s announcement of new tariffs, hedge funds sold nearly $40 billion of North American stocks on Thursday, April 3rd. Since April 2, the Dow Jones Industrial Average dropping by 5.5%, the S&P 500 dropped 9% on the week, its worst week since the breakout of Covid in early 2020, and the Nasdaq tanking by 5.8%, with the Nasdaq entering bear market territory.

  • US job cut announcements surged 205% year over year, recording 275,240 layoffs in March, the third-highest monthly reading on record and a 60% increase from the prior month.

    The US government (DOGE) has led all sectors with 216,215 cuts in March and 279,445 cuts year-to-date, up 672% from Q1 2024.

  • The mystery related to the existence of US gold reserves took an unexpected turn this week. Germany plans to withdraw $124 billion worth of gold from US reserves after President Trump's reciprocal tariffs.

  • Following the introduction of tariffs, steep margin calls, and stock market losses, JP Morgan expects a US recession in 2025.

  • In Rome, thousands of people marched against the EU’s €800 billion rearmament plan, chanting, “We need new hospitals, not missiles.”

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What I’m Reading & Listening to This Week

  • “Those who willingly become pawns will inevitably be discarded,” Dr. Anna Malindog-Uy writes in her new article titled “As Hegseth visits Manila, Beijing warns outsiders against meddling in South China Sea.” The ongoing militarization of the Philippines by the United States (under Biden and Trump) should be concerning to anyone, especially those who directly fund it via their tax dollars. During his first visit to Asia, Pete Hegseth told Philippine President Ferdinand Marcos Jr. that deterrence was needed against China in the region. Is the Philippines being groomed to become the Ukraine of Asia? Anna shares the details and her perspective, as a Filipino, on the troubling events in the region.


Thank you to all my subscribers for being part of World Affairs in Context. Your support makes the newsletter happen, and your questions, ideas, and suggestions inspire it. Please consider becoming a paid subscriber, which will help contribute to the resources needed to produce more content on the platform. If you’d like to make a one-time contribution, please do so via PayPal or Buy Me a Coffee.

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🔴 EU ESCALATES: Von Der Leyen Prepares to Strike Back Against US Tariffs if Deal Is Not Reached Soon

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The Enemy Within

Illustration by NEMØ

As America moves to bring an end to a conflict in Ukraine we helped precipitate, it needs to guard against opponents of this new policy trajectory who will seek to disrupt its new role as peacemaker and/or extract vengeance on the United States for betraying their cause. Perhaps the greatest threat to the United States in this regard is the enemy within—the Ukrainian-American diaspora whose loyalty to the odious ideology of Stepan Bandera transcends everything—including the land which they currently call home.

In May 1940, 805 delegates from 168 different Ukrainian-American communities met in Washington, DC to form the Ukrainian Congress Committee of America, or UKKA. Three of these organizations—the Ukrainian National Association, the Providence Association of Ukrainian Catholics in America, and the Ukrainian National Aid Association in America—had previously come together in 1922 to form the United Ukrainian Organizations in America (Obiednannia Ukrainskykh Orhanizatsii v Amerytsi, or OUO). Over the years, the OUO had been very active, raising around $250,000 dollars to help Ukrainian organizations in Western Europe and in Western Ukraine, and to protest the Polish “Pacification in Eastern Galicia" that took place from September-November 1932, and the famine in Soviet Ukraine which occurred in1932–3.

The OUO represented the initial wave of Ukrainian-Americans who had come to this country in the 19th century. At the end of the First World War, however, a second wave of Ukrainian immigrants began to arrive, survivors of Ukraine’s violent efforts at independence. This second wave of immigrants included many who were loyal to the Ukrainian Military Organization (UVO), a resistance organization formed from veterans of Ukraine’s abortive bid for nationhood. Later, in 1929, the UVO was reorganized as the Organization of Ukrainian Nationalists, or OUN, co-founded by Andriy Melnyk, Yevhen Konovalets, and Stepan Bandera. The OUN was the largest Ukrainian nationalist organization, known for its extreme far-right ideology.

The UKKA advocated on behalf of Ukrainian nationalist interests during the difficult war years, a task complicated by the fact that the OUN was investigated by the FBI in the late 1930’s because of its affiliation with Nazi Germany. But the German invasion and occupation of Ukraine allowed the UKKA to alter the narrative regarding Ukrainians from collaborator to victim, and in 1944 the UKK established the United Ukrainian American Relief Committee (ZUADK) to aid Ukrainians displaced by the war. Between 1947 and 1957, ZUADK facilitated the resettlement of some 60,000 Ukrainian refugees into the United States.

The UKKA leadership today

Most of these refugees came from the displaced persons (DP) camps established by the western allies in occupied Germany. At the end of the Second World War, there were some two million Ukrainian refuges on German soil. By the end of 1945, approximately 1.8 million of these refugees had been returned to their homeland. Some left willingly, others were compelled to go against their will. By early 1946, some 200,000 Ukrainians remained, around 40% of whom represented Ukrainians who had fled their country along with the retreating German Army, and the others former slave laborers brought to work in German factories. While these refugees identified as Ukrainians, the western allies were loath to grant them citizenship to a nation the Soviet Union, a wartime ally, said did not exist. As such, these refugees were labeled as “stateless persons” or, more popular, “displaced persons,” or DP’s.

A Banderist fundraising coupon distributed in the DP camps in 1947

While the ideological composition of the more than 1,000 DP camps that had been established by the western powers was as diverse as Ukraine itself, the populations quickly fell under the control of the OUN, and more specifically, that part of the OUN loyal to Stepan Bandera (OUN-B.) Using the typical tools of coercion, including extreme violence that resulted in the deaths of hundreds of noncompliant DPs, the OUN-B began shaping how the DP population defined Ukrainian nationalism. By the time the decision was made to disband the camps and resettle the DP’s abroad, the OUN-B had brought around 70% of the DP population into its ideological fold.

The infusion of 40,000 hard core Banderists into the overall population of Ukrainian-Americans had a telling impact on the political orientation of organizations such as the UKKA; gradually, just as had occurred in the DP camps of western-occupied Germany, the discipline and organizational skill of the OUN-B resulted in their seizing political control over most of the organizations that comprised the UKKA. Soon the Banderist faction set their sights on the next generation of Ukrainian-American nationalists, forming the Ukrainian Youth Association (SUM), established in 1949. In 1962, at their flagship location in Ellenville, New York, SUM erected a monument to those they called the “heroes” of Ukraine—Stepan Bandera, Roman Shukhevych, Symon Petliura and Yevhen Konovalets. Every summer since, SUM runs a series of summer camps for kids of all ages, thoroughly indoctrinating them into the Banderist ideology, centered as it is around the notion of Ukrainian exceptionalism and unquestioned loyalty to the movement.

The statue of Stepan Bandera in the Ellenville, New York SUM camp

During the 1960’s and 70’s, the OUN-B faction solidified its control over the various organizations that made up the UKKA under the banner of what they called the “Liberation Front.” The “Liberation Front” was the American arm of what was known as the “World Ukrainian Liberation Front” (SUVF), a coalition of Ukrainian diaspora organizations loyal to the OUN-B. The SUVF first assembled in 1973, and by the end of the 1970’s had positioned itself to take control of the UKKA. During the 1980 UKKA convention, the “Liberty Front” arrived with sufficient delegates to claim total control of the UKKA leadership. Many Ukrainian-American organizations withdrew from the UKKA in protest.

The UKKA describes itself as “a bipartisan American organization that advocates for a strategic partnership between the United States and Ukraine. Our mission is to encourage and persuade the US government to enact specific policies that create ever stronger, more enduring, and mutually beneficial ties with the Ukrainian nation.”

According to their website, the UKKA fundraises “for various different causes in support of Ukraine, and UKKA works closely with other organizations like USAID and the Embassy of Ukraine in the United States to coordinate aid. UKKA further seeks to rally Ukrainian and international communities behind global campaigns to support Ukraine’s resistance.”

Scott will discuss this article and answer audience questions on Ep. 252 of Ask the Inspector.

The close collaboration between the UKKA and the US Government over the years cannot be overstated. Throughout the 1990’s, Ukrainian “influencers” (radio and television hosts, journalists, and aspiring politicians) were recruited under programs fully funded by USAID that brought these individuals to the United States for “orientation” (i.e., guided visits to the White House, Congress, the State Department, and the Pentagon) where they met and coordinated with US policymakers on issues pertaining to Ukraine. In every instance, those who participated in such visits were assigned an “official” US government representative, and a “Banderist” from the UKKA.

The bottom line is that every aspect of US policy toward Ukraine in the lead-up to President Trump’s second term has been closely coordinated with the most extreme virulent form of Ukrainian nationalism imaginable—that espoused by Stepan Bandera and embraced without question by his loyal followers.

In the aftermath of Trump’s public humiliation of Ukrainian President Volodymyr Zelensky in the White House, Ukrainian nationalists throughout Ukraine began burning Trump in effigy. Others affiliated with the Ukrainian military called upon the Ukrainian diaspora to be prepared to undertake acts of violence to hold those accountable who have betrayed the cause of Bandera.

As I listen to these threats and reflect on the fact that the United States today provides a haven for the literal allies of Adolf Hitler’s Nazi Germany, I take note of the fact that Ellenville, New York is but 60 miles south of where I live. Here successive generations of Ukrainian-American Banderists have been trained as paramilitary operatives ready to participate in armed resistance against those forces opposed to the odious ideology of their master, Stepan Bandera, and its modern-day manifestation as part of Zelensky’s Ukraine.

It is this legion of ideologically-aligned Ukrainian-American youth—successive generations of them—that the Ukrainian nationalists in Ukraine are appealing to.

And as the US works with Russia to bring the conflict in Ukraine to a close in a manner which will be seen as a betrayal by these expatriate Banderists, America needs to be on guard. Because the indoctrination of the Banderists, as carried out in camps such as the ones conducted in Ellenville, place loyalty to the Banderist organization and the cause of Ukrainian nationalism above all else.

Including the United States in which they live and have called home all these years.

A recent graduation ceremony for the SUM Camp in Ellenville, New York. Note the flag of the Organization of Ukrainian Nationalists-Bandera faction raised high in center position. The American flag is tucked off to the left.

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🔴 CHINA RETALIATES: Massive Trade War Heats Up as China Launches 34% Tariffs on US & Export Controls

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Impact of New Tariffs: $3,000-$5,000 Added Costs Per Car as the Result of New Tariffs

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🔴 TRUMP'S TRADE WAR ON CHINA IS DOOMED TO FAIL: Understanding the US-China Conflict | Warwick Powell

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Dr. Warwick Powell is an Adjunct Professor at Queensland University in Australia and a senior fellow at Taihe Institute.

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The Myth of U.S. Tariffs: This Losing Strategy Is Powerless in the US-China Trade War | Dr. Warwick Powell

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As the new tariff regime is launched, its impact on the United States, the targeted countries, and the global economy is increasingly challenging to predict. After identifying China as a foreign “adversary”, the United States has doubled down on aggressive policies aimed at inflicting economic pain to weaken China’s manufacturing, military, and geopolitical capabilities.

Dr. notes that China’s trade ties are well-diversified, and the shift away from the US market will take no longer than two years. The new tariffs are unlikely to yield better results than the tariff regime imposed on China during President Donald Trump’s first term. In fact, China has already won the technology race. Warwick underscored that tariffs alone would not “bring manufacturing back to the United States”; instead, policies to reduce the dominance of the finance sector, raise substantial investments in infrastructure, and create highly skilled, well-educated human capital should be prioritized.

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U.S. Gold Reset: "Stolen" Gold in Fort Knox, US Dollar VS. Gold, Revaluation, Bitcoin Reserve & $37 T Debt Payoff | Ryan McMaken

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As the gold price reached $3,000 per troy ounce, the Trump administration may consider revaluing U.S. gold reserves. Despite the fact that calls to audit Fort Knox have died down, the existence of nearly 8,000 tons of gold (worth about $750 billion) held at Fort Knox is still surrounded by mystery. Does the gold at Fort Knox even exist? What is its true origin? What’s driving the federal government’s lack of transparency? Will gold revaluation collapse the U.S. dollar, as so many gold brokers claim? Will gold reserves be used to pay off $37 trillion in U.S. national debt or buy Bitcoin for the newly created Federal Bitcoin Reserve? I discussed these and other questions with Ryan McMaken, economist and executive editor at the Mises Institute.

Ryan McMaken notes that the gold held at Fort Knox was effectively “stolen” from the American public by the U.S. government after President Franklin D. Roosevelt issued Executive Order 6102 in 1933. This order effectively made gold ownership, both in coins and bars, illegal for all Americans and punishable by up to ten years in prison.

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🔴 STOLEN Fort Knox Gold, US Dollar VS. Gold, REVALUATION, Bitcoin Reserve & $37T Debt| Ryan McMaken

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Ryan McMaken is executive editor at the Mises Institute and the author of  “Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities" and “Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre”.

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🔴 PREPARE: What the Launch of New Aggressive Tariff Regime Means for You

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🔴 STAGFLATION Alert: Panic Begins as Inflation Rises, US Economy Slows & Trade Policy Chaos Deepens

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🔴 NEW US - Ukraine Minerals Deal: Looting and Economic Colonization

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🔴 End of Dollar Empire: How America Weaponized the World's Economy, Dedollarization Is Irreversible

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🚨 Trump Administration Blockades Venezuela With 80% Citizens Living in Poverty, Sanctions EU & China

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Ukraine's Sabotage: Zelensky Strikes Russia's Key Natural Gas Facility, Violates Limited Ceasefire

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🚨 WAR FUND: EU Seeks 10 Trillion Euros in 'Citizens' Savings' to Fund the War Machine

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🚨 Fed's NEW Forecast: Rise in Unemployment, Inflation Increase and Slow Growth

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🔴 The U.S. & Qatar Celebrate a Win as Qatar Starts Exporting Gas via Arab Pipeline, With US Approval

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VIDEO: Interview with Maria Zakharova

The Russia House had a special guest, Maria Zakharova, the Spokeswoman of the Russian Foreign Ministry. What started as a classic interview turned into a remarkable conversation that touched on the very essence of the problems that exist today between Russia and the West, emphasizing the responsibility on the part of the West for these problems, and underscoring how important it is to overcome Russophobia if solutions to these problems are to be found.

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Countering Russophobia

Classical conditioning holds that a neutral stimulus, when associated with a specific response, will over time become a conditioned stimuli which triggers a conditioned response. It’s basic cause-effect relationship analysis. Ivan Pavlov made it a household concept by studying the relationship between a dog’s salivation and the presence of food. “Pavlov’s response” is one thing when it is generated under controlled laboratory conditions. It’s another thing altogether when it occurs in “the wild”, where the impact of conditioned stimuli and its related conditional response often goes unnoticed in a world which overlooks these relationships until it is too late.

In the North End neighborhood of the city of Albany, a seedier section of the capital of New York State where old brick buildings dating back to the late 19th century stand in various states of disrepair, sits a four-ton, 28-foot-tall steel and fiberglass statue of a fox terrier named Nipper, the canine mascot of the Radio Corporation of America (RCA).

Nipper was one of four identical monumental terriers which were perched atop the regional distribution centers of RTA Corporation, an appliance distributor which specialized in RCA products; others graced the skylines of Los Angeles, Chicago, and New York City. Overtime, the other Nipper statues succumbed to time and waning economic fortune, their buildings being abandoned and eventually torn down, together with the statues. Only in Albany did Nipper live on, and in the process became an iconic landmark of the city itself, which has adopted Nipper as its unofficial de facto mascot.

Nipper is named after a fox terrier owned by Francis Barraud, an artist from Liverpool, England who, in 1898, upon seeing Nipper listening to a wind-up cylinder phonograph playing a recording of his owner’s voice (Barraud’s brother), captured the moment in a painting, “His Master’s Voice.” The painting later was used as the basis for trademarks of several companies, perhaps none more famous than RCA.

The cause-effect relationship between an owner’s voice and a pet dog is well known to anyone who has ever owned a dog—the master calls the dog’s name, and the dog responds by running to the sound of their master’s voice.

Dogs are conditioned to comprehend changes in the tone of their Master’s voice, knowing when the master is pleased or angry, and responding accordingly.

This is the byproduct of what is known as “classical conditioning”. Right about the time Nipper was captured tilting his head to the sound of his master’s voice, a Russian physiologist, Ivan Pavlov, was conducting research into the salivation of dogs. After inserting a small test tube into the mouths of his canine test subjects, the dogs were then fed with a special mix of powder made from meat. The experiment was predicated upon the assumption that dogs would salivate when presented with the food. But Pavlov soon discovered that the dogs began salivating when they heard the footsteps of his assistant down the hallway, who was bringing the food. Pavlov soon realized that stimuli that the dogs associated with food would trigger the same physiological reaction as the food itself—the classic “Pavlovian response.”

There are many scientific terms which came into being because of Pavlov’s work, and the work of psychologists who followed up on his findings. These are:

Neutral Stimulus (NS), a stimulus that initially does not elicit a particular response or reflex action. For example, in Pavlov’s experiment, the sound of his assistant’s footsteps was a neutral stimulus initially, as it did not cause the dogs to salivate.

Unconditioned Stimulus (UCS), a stimulus that naturally and automatically triggers a response without any learning needed. In Pavlov’s experiment, the food was the unconditioned stimulus as it automatically induced salivation in the dogs.

Conditioned Stimulus (CS), a previously neutral stimulus that, after being repeatedly associated with an unconditioned stimulus, trigger a conditioned response. For instance, in Pavlov’s experiment, the assistant’s footsteps became a conditioned stimulus when the dogs learned to associate it with food.

Conditioned Response (CR), a learned response to the conditioned stimulus. In Pavlov’s experiment, salivating in response to the assistant’s footsteps was the conditioned response.

Unconditioned Response (UR), an automatic, innate reaction to an unconditioned stimulus. In Pavlov’s experiment, the dogs’ automatic salivation in response to the food is an example of an unconditioned response.

According to Pavlovian theory, conditioned stimulus and conditioned response can occur in a vacuum, meaning that rather than being the byproduct of the intent of a laboratory experiment, the unpredictable reality of life can produce the same result, often without the subject realizing it.

Misophonia is a disorder where one has a decreased tolerance to specific sounds and things that can be sensed that are related to them. Misophonia is often triggered by post-traumatic stress. Many military veterans suffer from a form of misophonia; I, for instance, am triggered by the sound of helicopters.

We Americans like to see ourselves as happy go lucky people. An attribute that is often associated with Americans is their constant smile, and their willingness to engage in conversations with complete strangers as if they were life-long friends. While the United States is a diverse nation, possessing no single accent, the collective range of the American way of speaking is easily discernable as uniquely American, distinct from other forms of Anlo-Saxon linguistic expression.

Our speech has become a unique identifier and is often used to depict Americans when seeking to describe the “happy American” or the “ugly American”, and every variation of American in between. In movies American tourists are often identified by their uniquely American way of speech.

Using Pavlovian cues, the American voice, in and of itself, is a neutral stimulus.

Hunger, fear, anger, frustration, sadness.

These are emotions that can be triggered automatically by unconditional stimuli that are naturally seen as eliciting these emotions—the lack of food, war, altercations, loss.

Over time, if the unconditional responses which trigger the aforementioned range of emotions become linked to the sound of an American voice, then, according to Pavlov, we have achieved what is known as a conditioned response (the emotions) triggered by a conditioned stimulus (the sound of an American voice.)

So here is a Pavlovian experiment for my fellow Americans to consider:

We give voice to positions, ideas, and concepts using our unique way of speaking.

These positions, ideas, and concepts are heavily influenced by Russophobia, resulting in actions that produce events and actions inside Russia capable of triggering emotions which are the logical byproduct of unconditioned responses.

Over time, the people of Russia come to associate the sound of an American voice articulating these positions, ideas, and concepts with the events and actions which generate these negative emotions.

In short, the Russian people have developed a Misophonic reaction to the sound of our voice.

Think about it.

We are trying hard to repair relations between Russia and the United States.

We are trying to reach out to the Russian people to convince them that we are able and willing to live together in peace and harmony.

But the very sound of our voice triggers a response that is repulsive to the Russians.

We are our own worst enemies.

There are mixed opinions on whether a conditioned response can ever be disassociated with a conditioned stimulus.

In short, this means the sound of an American voice may always be found to be repulsive by Russians of the current generation.

We Americans need to do better.

We need to think of Nipper, and his adorable tilt of the head, and understand that the depiction we find so endearing was born of a conditioned response to a conditioned stimulus based upon love.

If we can’t get the current generation of Russians to stop recoiling at the sound of our voices, then let us try to ensure that future generations of Russians will not have the same conditioned response.

The problem isn’t the Russian people.

The problem is us.

We need to do better.

We need to start viewing the Russian people as people deserving of respect, admiration, friendship, and love.

If we can do this, then we are creating a conditioned stimulus which is capable of producing a conditioned response, in short, a situation where the Russian people look forward to hearing, seeing, and meeting their American counterparts.

Because, at the end of the day, it is not about the sound of their voices that matters as much as the intent behind the sound.

🔗 Subscribe to The Russia House with Scott Ritter

The Russia House had a special guest, Maria Zakharova, the Spokeswoman of the Russian Foreign Ministry. What started as a classic interview turned into a remarkable conversation that touched on the very essence of the problems that exist today between Russia and the West, emphasizing the responsibility on the part of the West for these problems, and underscoring how important it is to overcome Russophobia if solutions to these problems are to be found.

Scott will discuss this article and answer audience questions on Ep. 247 of Ask the Inspector.

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Trump Ramps Up Trade War: On April 2, Trump's "Trillions" in New Reciprocal & Sectoral Tariffs Begin

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