Categories » ‘Debt Bubble’
February 16th, 2017 by olddog
by Thorsten Polleit
The US is by far the biggest economy in the world. Its financial markets — be it equity, bonds or derivatives markets — are the largest and most liquid. The Greenback is the most important transaction currency. Many currencies in the world — be it the euro, the Chinese renminbi, the British pound or the Swiss franc — have actually been built upon the US dollar.
The world is effectively on a US-dollar-standard, and the US Federal Reserve (Fed) has risen to the unofficial status of the world’s central bank. The rise of the Greenback has to a large extent been propelled by international banking, which has basically “dollarized” in terms of its lending and issuing activities.
The Fed Sets Global Policy
The Fed’s policy not only determines credit and liquidity conditions in the US, but does so in many financial markets around the world as well. For instance, movements of long-term US interest rates regularly have effects on credit and equity markets in, say, Europe and Asia. The Fed’s actions are the blueprint for monetary policymaking in many countries around the world.
The graph shows the Fed’s supply of newly created US dollar liquidity sent to other central banks around the world. It also shows the so-called “euro cross currency basis swap,” which can be interpreted as a “stress indicator”: If it drops into negative territory, it means that euro banks find it increasingly difficult to obtain US dollar credit in the free market place. The Fed’s injection of new US dollar balances into the financial system has helped to reduce the euro currency basis swap. Since late 2016, however, it has started to venture again into negative territory — potentially signaling that euro banks are again heading for trouble.
The financial and economic crisis 2008/2009 has increased further the dependency of the world’s financial system on the US dollar. As early as December 2008, the Fed provided so called “liquidity swap agreements.” Under the latter the Fed is prepared to lend newly created US dollars to other central banks around the globe.
For instance, the European Central Bank (ECB) can obtain US dollars from the Fed and lend the funds on to shaky domestic banks in need for US dollar funding. In other words: Liquidity swap agreements can easily replace foreign currency funding in the market place by foreign currency credit provided by central banks.
Meanwhile, all major central banks around the world — the European Central Bank, the Bank of Japan, the Chinese central bank, the Bank of England, and the Swiss National Bank — have joined the liquidity swap agreement club. They also have agreed to provide their own currencies to all other central banks — in actually unlimited amounts if needed.
It is no wonder, therefore, that credit default concerns in financial markets have declined substantially. Investors feel assured that big banks won’t default on their foreign currency liabilities — as such a credit event is considered politically undesirable, and central banks can simply avoid it by printing up new money.
Moving Toward a Worldwide Central Bank
The close cooperation and coordination among central banks under the Fed’s tutelage amounts to an international cartelization of central banking — paving the way toward a single world monetary policy run by a yet to be determined single world central bank. Such a development is, or course, in the very interest of those in favor of establishing a single world government.
How will President Donald J. Trump and his administration deal with the cartelization in central banking? Mr. Trump doesn’t seem to be an “internationalist,” seeking to build a new world order by political and military means. If that is so, he will sooner or later have to come to grips with the Fed’s policies — most notably with its liquidity swap agreements.
The Fed’s policy has made the world’s financial system addicted to ever greater amounts of US dollars, easily accessible and provided at fairly low interest rates. From this the US banks benefit greatly, while average Americans bear the brunt: they pay the price in terms of, for instance, boom and bust and an erosion of the purchasing power of the US dollar.
What Trump Should Do
If the Trump administration really wishes to live up to its campaign promise “Make America great again,” there is no way of getting around addressing Fed policy. A first step in that direction is the idea to subject the US central bank to public scrutiny (“Audit the Fed”), bringing to public attention the scope of the Fed’s interventions into the world’s banking system.
Of course, the liquidity swap agreements in particular can be expected to be heavily defended by central bankers, bank representatives, big business lobbyists, and mainstream economists as being indispensable for financial system stability. And for sure, a sudden withdrawal from this practice would almost certainly deal a heavy blow to financial markets.
If push comes to shove, it could even make the worldwide credit pyramid, built on fiat money, come crashing down. However, the really important argument in this context is that the continuation of the practice of central bank cartelization will eventually result in a despotic regime: and that is a single world fiat currency regime.
Of course, change for the better doesn’t come from politics. It comes from better ideas. For it is ideas that determine human action. Whatever these ideas are and wherever they come from: They make humans act. For this reason the great Austrian economist Ludwig von Mises (1881 – 1973) advocates the idea of the “sound money principle”:
The sound-money principle has two aspects. It is affirmative in approving the market’s choice of a commonly used medium of exchange. It is negative in obstructing the government’s propensity to meddle with the currency system.
Mises also explains convincingly the importance of the sound money principle for each and every one of us:
It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments. Ideologically it belongs in the same class with political constitutions and bills of right.
Mises’s sound money principle calls for ending central banking once and for all and opening up a free market in money. Having brought to a halt political globalism for now, the new US administration has now also a once in a lifetime chance to make the world great again — simply by ending the state’s monopoly of money production.
If the US would move in that direction — ending legal tender laws and giving the freedom to the American people to use, say, gold, silver, or bitcoin as their preferred media of exchange — the rest of the world would most likely have to follow the example. That said, Mr. Trump could really make a real change, simply by embracing Mises’s sound money principle.
Dr. Thorsten Polleit, Chief Economist of Degussa, Honorary Professor at the University of Bayreuth, and Partner of Polleit & Riechert Investment Management.
And banks feel that they currently have TOO MUCH capital…
By Simon Black
In a scathing editorial published in the Wall Street Journal today, the president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, blasted US banks, saying that they still lacked sufficient capital to withstand a major crisis.
Kashkari makes a great analogy.
When you’re applying for a mortgage or business loan, sensible banks are supposed to demand a 20% down payment from their borrowers.
If you want to buy a $500,000 home, a conservative bank will loan creditworthy borrowers $400,000. The borrower must be able to scratch together a $100,000 down payment.
But when banks make investments and buy assets, they aren’t required to do the same thing.
Remember that when you deposit money at a bank, you’re essentially loaning them your savings.
As a bank depositor, you’re the lender. The bank is the borrower.
Banks pool together their deposits and make various loans and investments.
They buy government bonds, financial commercial trade, and fund real estate purchases.
Some of their investment decisions make sense. Others are completely idiotic, as we saw in the 2008 financial meltdown.
But the larger point is that banks don’t use their own money to make these investments. They use other people’s money. Your money.
A bank’s investment portfolio is almost entirely funded with its customers’ savings. Very little of the bank’s own money is at risk.
You can see the stark contrast here.
If you as an individual want to borrow money to invest in something, you’re obliged to put down 20%, perhaps even much more depending on the asset.
Your down payment provides a substantial cushion for the bank; if you stop paying the loan, the value of the property could decline 20% before the bank loses any money.
But if a bank wants to make an investment, they typically don’t have to put down a single penny.
The bank’s lenders, i.e. its depositors, put up all the money for the investment.
If the investment does well, the bank keeps all the profits.
But if the investment does poorly, the bank hasn’t risked any of its own money.
The bank’s lenders (i.e. the depositors) are taking on all the risk.
This seems pretty one-sided, especially considering that in exchange for assuming all the risk of a bank’s investment decisions, you are rewarded with a miniscule interest rate that fails to keep up with inflation.
(After which the government taxes you on the interest that you receive.)
It hardly seems worth it.
Back in 2008-2009, the entire financial system was on the brink of collapse because banks had been making wild bets without having sufficient capital.
In other words, the banks hadn’t made a sufficient “down payment” on the toxic investments they had purchased.
All those assets and idiotic loans were made almost exclusively with their customers’ savings.
Lehman Brothers, a now-defunct investment bank, infamously had about 3% capital at the time of its collapse, meaning that Lehman used just 3% of its own money to buy toxic assets.
Eventually the values of those toxic assets collapsed.
And not only was the bank wiped out, but investors who had loaned the bank money took a giant loss.
This happened across the entire financial system because banks had made idiotic investment decisions and failed to maintain sufficient capital to absorb the losses.
Nearly a decade later, Kashkari says that banks still aren’t sufficiently capitalized.
(He also points out that banks today are obsessed with pointless documentation and seem “unable to exercise judgment or use common sense.”)
The banks themselves obviously don’t agree.
As Kashkari states, banks feel that they currently have TOO MUCH capital.
Bizarre. They’re basically saying that they want to be LESS safe, like a stunt pilot complaining that his helmet is too sturdy.
I’ve written about this many times– the decision for where to hold your savings matters. It’s important.
In addition to solvency and liquidity concerns, there are a multitude of other issues, like routine violations of the public trust, collusion to fix interest and exchange rates, manipulation of asset prices, and all-out fraud.
(I personally got so fed up with our deceitful financial system that I started my own bank in 2015 to handle my companies’ financial transactions. More on that another time…)
Yet despite these obvious risks, most people simply assume away the safety of their bank.
They’ll spend more time thinking about what to watch on Netflix than which bank is the most responsible custodian of their life’s savings.
There are countless ways to figure this out, but here’s a short-cut: much much “capital” or “equity” does the bank have as a percentage of its total assets?
These are easy numbers to find. Just Google “XYZ bank balance sheet”.
Look at the bottom where it says “capital” or “equity”. That’s your numerator.
Then look above that number to find total assets. That’s your denominator.
Divide the two. The higher the percentage, the safer the bank.
Kashkari thinks the answer should be at least 20%, especially among mega-banks in the US.
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February 10th, 2017 by olddog
By Brandon Smith
For months now, long before the 2016 election, I have been warning about a specific social dynamic which is likely to lead to a form of civil war within the U.S.; namely, the reality that people on the left side of the political spectrum would become despondent at the inevitable loss of their candidate, Hillary Clinton, and that they would react by becoming far more militant. In my article ‘Order Out Of Chaos: The Defeat Of The Left Comes With A Cost’, published November post-election, I stated:
“When I mentioned in my last article the crippling of social justice, I did not mention that this could have some negative reverberations. With Trump and conservatives taking near-total power after the Left had assumed they would never lose again, their reaction has been to transform. They are stepping away from the normal activities and mindset of cultural Marxism and evolving into full blown communists. Instead of admitting that their ideology is a failure in every respect, they are doubling down.
When this evolution is complete, the Left WILL resort to direct violent action on a larger scale, and they will do so with a clear conscience because, in their minds, they are fighting fascism.”
I believed at that time that the social-justice cult would lose mainstream influence but that the existing minority would resort to even more insidious tactics and greater violence to get what they want; and, the so-called “moderate left” would cheer them on. As it turns out, I have been proven right so far.
Not that extreme Leftists have been averse to violence over the past year, but I think it is safe to say that the volume on the cultural Marxist machine has been turned up a notch. The riot at UC Berkeley over a scheduled speech by gay, conservative speaker Milo Yiannopoulos is a perfect example:
Then, there was the raid by SJWs at NYU on a speech by conservative journalist and comedian Gavin McInnes, in which they shouted down all discussion with mindless chants until the event had to be canceled. This was, of course, after they had already physically attacked people outside the building, including McInnes:
The social justice mantra is changing. At first, it was predominately about forming mobs to “shame” target political opponents into silence. Now, it is about forming mobs to do what they call “punching Nazis.” Leftists are now often seen regurgitating the claim — “This is only the beginning…”
I agree, this IS only the beginning. The Left is driven not only by the ideology of cultural Marxism, but also a very specific activist strategy outlined in Saul Alinsky’s ‘Rules For Radicals’. The very core of Alinsky’s method revolves around one important rule in particular: the ends justify the means.
This is the key ingredient of moral relativism, and when a movement is motivated by moral relativism, there is no limit to the depths they will sink to get their way. Activists adopting the “ends justify the means” mentality are not interested in being “right,” or wise, or rational or logical or factual; they ONLY care about “winning.” This is their goal, and they will do anything to achieve it.
It is important to note, however, that all of these protests and the increase in violence is not taking place in a vacuum. As many liberty analysts have noted, Trump has hardly had time to do anything yet that would warrant national protests. Is Trump really the only catalyst? Not quite. The mainstream media and globalists like George Soros have been very effective in agitating or outright paying protesters and provocateurs to generate zombie mobs of gullible Leftists to use as a billy club for harassing conservatives.
That said, I want liberty activists and analysts to ponder on this for a moment — to what end is this being done? Why is Soros so interested in fomenting leftist rage? Is it designed to overthrow Trump? To initiate mob action and frighten conservatives into silence? Or do the globalists have a greater and more important goal in mind?
I have been writing often on the idea of 4th Generation Warfare the past month, and I think my readers are now well versed in the concept of the “three-steps-ahead” style of tactics, as well as the concept of manipulating an opponent to destroy himself, rather than fighting him directly. These are not new methods, the globalists have merely taken them to the next level.
But how do 4th Gen warfare tactics apply to the current Right vs. Left scenario in the U.S.? Well, everything is not as obvious as it seems.
As I outlined in-depth in my article Clinton Versus Trump And The Co-Option Of The Liberty Movement, globalists and the leftist media have been, in a strange way, quietly cheering for Trump, but only as a tool for absorbing the liberty movement (what they still call the “Tea Party”). This glee is made rather evident in an article published by Bloomberg in August titled The Tea Party Meets Its Maker.
There is a point I have been trying to make for most of the year that I think has been consistently missed by many in the liberty movement. That point being that the greatest danger to conservatives is NOT militant Leftists, but how we RESPOND to militant Leftists. That is to say, I believe the globalists are using the Left as a cattle prod to enrage conservatives and lure us into abandoning our principles in the name of defeating Marxists.
Consider this; the argument among most liberty analysts has been that the numerous anti-Constitutional programs put in place by the Obama administration in the past eights years would eventually be used by the political Left and the globalists as weapons to subdue and destroy conservatives and patriot groups. While Obama certainly tested the waters of tyranny over and over again, up to and including using executive orders to assassinate American citizens without trial, it is clear that those extensive powers afforded to the White House are no longer in the hands of the left; they are in the hands of Trump.
Obama even signed the “Countering Disinformation And Propaganda Act” into law AFTER Trump had already won the White House. Trump has now inherited this power as well, which seems to give government the authority to harass or even silence news sources they deem “fake news.” While many liberty activists cried foul and warned of a “coup” designed to shut down alternative news sites and thwart Trump’s inauguration, I warned that there was a much more dangerous scenario in play.
What will conservatives do in the face of the leftist mob funded by globalists and growing ever more vicious? Well, what do the globalists expect us to do? I think they expect us to look at all the government powers we once admonished as unConstitutional and say “hey, maybe these laws and executive orders are not so bad after all…”
I think the globalists are handing us the incredible temptation of far reaching bureaucratic power, and they expect us to abuse that power, as almost anyone would.
As an alternative analyst I am privy to trends in the liberty movement and in conservative circles that might not be immediately obvious to casual readers. Already, I am witnessing calls among conservatives to abuse government power to defeat the Left. I have seen comments such as:
“Trump should use the NDAA to imprison these leftists indefinitely…”
“The only solution is to throw the leftists into FEMA camps…”
“Trump needs to shut down the leftist media…”
“Sometimes it is okay to bend the rules of the constitution if you have the right president…”
And comments like this are popping up everywhere in liberty media boards. Now, I recognize that some of this talk is being posted by paid disinformation agents and provocateurs, but, I have heard regular conservatives and patriots, people who are long time proponents of the Constitution, echo similar sentiments.
I often use the analogy of the “One Ring” from The Lord Of The Rings to describe big government power. I really can’t find a better fictional symbol. Anyone who comes into possession of the “one ring” is eventually corrupted by it. Many good people believe that its darker energy can be contained and directed for good purposes, but they, too, are ultimately undone by it. The only answer, the only solution, is to abandon the ring, or to destroy it.
Overt government power is very much the same; it corrupts any person or group that comes in contact with it. Every group thinks that if only THEY were in possession of government that they would do things differently. This is a delusion. No person or group is benevolent enough to handle this responsibility, and this includes conservatives. Many groups would commit egregious and heinous crimes to take government for themselves, or keep it for themselves, all the while so many Saurons (globalists) laugh and smack their lips as the masses battle over numerous rings of power.
As I have noted time and time again for the past several months, Trump is the perfect tool for scapegoating conservative movements for the economic crisis the elites have already engineered. But, this is only one part of the agenda. In the midst of chaos generated by financial calamity, the morals of an entire society can become “malleable”. The most important target of the globalists is not only conservatives, but the conservative philosophy. They don’t just want to annihilate conservatives today, they want to annihilate conservatives for all time.
The globalists cannot accomplish this task without our help. They NEED us to adopt an attitude of moral relativism, much like the Left. They need us to turn into totalitarians. They need us to become the monster we claim we want to defeat. Only then can conservative principles be demonized for all time. Only then will history look back on us as a stain on the human record.
This is the globalist’s long game.
While Leftists are being encouraged to mutate into wild frothing packs of rabid dogs, conservatives will be encouraged either through temptation or manipulation to respond in kind. The Left’s propaganda train asserts that we are “fascists.” Obviously, we are the furthest thing from this. But, with enough violence and aggressive censorship on their part, we might end up saying “Okay, you want to see fascism, we’ll show you fascism!”
The social justice cult has no idea what they are being led into. The globalists are going to throw them to the wolves, and WE are the wolves.
It is important to note that the Left is also not the only instigator for conservatives to turn totalitarian. Islamic terrorism is always a perfect rationale for increased government intrusion in the name of safety. The worst part is, the threats from the Left and the threats from Islamic extremism are in most cases quite legitimate, and they seem to be working hand-in-hand more each day.
The progressive interference with steps towards more rational immigration policies and their steady defense of Sharia Law leads many conservatives to see them as one in the same enemy. No foreigner is entitled to citizenship in the U.S., but leftists live in a fantasy world of open borders. The left’s refusal to entertain reasonable and selective immigration will eventually push conservatives towards more drastic measures, which is the ultimate point.
Very few Americans like Communists, and very few Americans like Muslim zealotry; the justification for totalitarian measures to disrupt such threats is relatively easy for many people.
This is why I am going to make my next prediction of a major geopolitical event to close out this article — I believe there will be a large scale terrorist attack within the next three months, beyond the mob actions of the Left already in progress.
It will either be similar in scope to 9/11, or, it will be a succession of many smaller attacks occurring over the course of a few days to a couple of weeks. I believe that the current dispute over border controls and immigration denial will come immediately into play. Trump will blame Leftists for obstructing his efforts for secure immigration. Leftists and the media will blame Trump for “radicalizing” Muslims with his immigration policies, or perhaps even accuse him of staging the attacks himself. Trump will begin taking extraordinary measures beyond the Constitution to ensure immigration denial and the thwarting of the Left, and conservatives will applaud him for it.
Again, conservatives are being led by globalists into the temptations of power. The only way for us to fight back is to maintain our principles and refuse to support ANY government measure that is unConstitutional, even if it is to be used against our enemies. The only way that the heritage of liberty can be defeated is if the proponents and champions of liberty forsake it. We beat the globalists in the long run by standing by our ideals and fighting back within the bounds of the principles we hold dear. Dominance through government is never the answer.
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One hundred million AMERICAN’S
capable of understanding the principals AMERICA was founded on and willing to join hands in a national resistance to CORPORATE GOVERNANCE. Men and women who love their freedom more than their bondage who will circulate copies of the Constitution with the stipulation of a promise to read it and demand a Constitutional Government not under the control of the International Investment banking cartel. A second civil war will be the total end of freedom in this country. And that’s where this country is headed!
February 4th, 2017 by olddog
By Brandon Smith
As I outlined in my article ‘The False Economic Narrative Will Die In 2017’, the mainstream media has been carefully crafting the propaganda meme that the Trump administration is inheriting a global economy in “ascension,” when in fact, the opposite is true. Trump enters office at a time of longstanding decline and will likely witness severe and accelerated decline over the course of the next year. The signs are already present, and this fits exactly with the basis for my prediction of the Trump election win — conservative movements are indeed being set up as scapegoats for a global economic crisis that international financiers actually created.
Plus, it doesn’t help that Trump keeps boasting about the farcical Dow hitting record highs after his entry into the White House. Talk about the perfect setup…
With the speed at which Trump is issuing executive orders, my concern is that people’s heads will be spinning so fast they will start to assume an appearance of economic progress. Here is the issue — some problems simply cannot be fixed, at least not in a top down fashion. Some disasters cannot be prevented. Sometimes, a crisis has to run its course before a nation or society or economy can return to stability. This is invariably true of the underlying crisis within the U.S. economy.
It is imperative that liberty activists and conservatives avoid false hope in fiscal recovery and remain vigilant and prepared for a breakdown within the system. Despite the sudden political sea change with Trump and the Republican party in majority control of the D.C. apparatus, there is nothing that can be done through government to ease fiscal tensions at this time. Here are some of the primary reasons why:
Government Does Not Create Wealth
Government is a wealth-devouring machine. The bigger the government, the more adept it is at snatching capital and misallocating it. Such a system is inherently unequipped to repair an economy in a stagflationary spiral.
I’m hearing a whole lot of talk lately on all the jobs that will be created through Trump’s infrastructure spending plans, which reminds me of the desperation at the onset of the Great Depression and the efforts by Herbert Hoover to reignite the U.S. economy through a series of public works programs. Reality does not support a successful outcome for this endeavor.
First off, Trump’s ideas for infrastructure spending to kick start a U.S. recovery are not new. The Obama administration and Congress passed the largest transportation spending bill in more than a decade in 2015 and pushed for a similar strategy to what is now being suggested by Trump. I should point out though that like Herbert Hoover, Obama’s efforts in this area were essentially fruitless. Obama was the first president since Hoover to see “official” annual U.S. GDP growth drop below 3 percent for the entirety of his presidency, with GDP in 2016 dropping to a dismal 1.6 percent.
Though projects like the Hoover Dam were epic in scope and electrifying to the public imagination during the Depression, they did little to fuel the overall long-term prospects of the American economy. This is because government is incapable of creating wealth; it can only steal wealth from the citizenry through taxation to pay debts conjured out of thin air, or, it can strike a devil’s bargain with central banks to print its way to fake prosperity.
Some might argue that Trump is more likely to redirect funds from poorly conceived Obama-era programs instead of increasing taxes or printing, but this does not change the bigger picture. Redirected funds are still taxpayer funds, and those funds would be far better spent if they were returned to taxpayers rather than wasted in a vain effort to increase GDP by a percentage point. Beyond this, the number of jobs generated through the process will be a drop in the bucket compared to the 100 million plus people no longer employed within the U.S. at this time.
Bottom line? Though new roads and a wall on the southern border are winners for many conservatives, infrastructure spending is a non-solution in preventing a long-term fiscal disaster.
Interdependency Is Hard To Break
Another prospect for raising funds to pay for job generating public works projects is the use of tariffs on foreign imports. Specifically, imports of goods from countries which have maintained unfair trade advantages through global agreements like NAFTA, CAFTA or the China Trade Bill. This is obviously a practical concept and it was always the intention of the founding father post-revolution for government to generate most of its funding through taxation of foreign imports and interstate commerce, rather than taxation of the hard earned incomes of the citizenry. However, the idea is not without consequences.
Unfortunately, globalists have spent the better part of a half-century ensuring that individual nations are completely financially dependent on one another. The U.S. is at the very CENTER of this interdependency with our currency as the world reserve standard. In order to change the nature of the inderdependent system, we have to change the nature of our participation within that system. This means, in order to assert large tariffs on countries like China (which Trump has suggested), America would have to be willing to sacrifice the main advantage it enjoys within the interdependent model — we would have to sacrifice the dollar’s world reserve status.
Keep in mind, this is likely to be done for us in an aggressive manner by nations like China. China’s considerable dollar and treasury bond holds can be liquidated, and despite claims by mainstream shills, this WILL in fact have destructive effects on the U.S. economy.
Also keep in mind that with higher tariffs come higher prices on the shelf. The majority of goods consumed by Americans come from outside the country. Higher tariffs only work to our advantage when we have a manufacturing base capable of producing the goods we need at prices we can afford. The American manufacturing base within our own nation is essentially nonexistent compared to the Great Depression. In order to levy tariffs we would need a level of production support we simply do not have.
The point is, an unprecedented change in America’s production dynamic would have to happen so that we do not face heavy fiscal consequences for the use of tariffs as an economic weapon.
Manufacturing Takes Time To Rebuild
Much excitement has been garnered by reports that certain U.S. corporations will be bringing some manufacturing back within our borders over the course of Trump’s first term as president. And certainly this is something that needs to happen. We should have never outsourced our manufacturing capability in the first place. But, is this too little too late? I believe so.
I remember back in 2008/2009 mainstream economists were applauding the Federal Reserve’s bailout efforts and the call for quantitative easing, because, they argued, this would diminish the dollar’s value on the global market, which would make American goods less expensive, and by extension inspire a manufacturing renaissance. Of course, this never happened, which only adds to the mountain of evidence proving that most mainstream economists are intellectual idiots.
It is important that we do not fall into the same false-hope trap in 2017. While Trump may or may not handle matters more aggressively, there is only so much that can be accomplished through politics. Rebuilding a manufacturing base after decades of outsourcing takes time. Many years, in fact. Factories have to be commissioned, money has to change many hands, wages have to be scouted for the best possible labor per-dollar spent and people have to be trained from the very ground up in how to produce goods again. In many cases, the skill sets required to maintain functioning factories in the U.S. (from engineers to machinists to assembly line labor to the people who know how to manage it all) just don’t exist anymore. All we have left are millions of retail and food service workers forming mobs to demand $15 an hour, which is simply not going to encourage a return to manufacturing.
Beyond this, at least in the short term, America will have a much stronger dollar on the global market, rather than a weaker dollar, due to the fact that the Federal Reserve has initiated a renewed series of interest rate increases just as Trump entered office. While the mainstream theorizes that the Fed will turn “dovish” and back away from rate hikes, I think this is a rather naive notion. It serves the elites far better to create a battle between Trump and the Fed – therefore, I see no reason for the Fed to back away from its rate hike process. Trump will demand a weaker dollar, the Fed won’t give it to him, and ultimately, the global economy will start to see the dollar as a risky venture and dump it as the world reserve; which is what the globalist have wanted all along so that they can introduce the SDR as a bridge to a new world currency.
With a “strong” dollar (relative to other indexes) there is even LESS incentive for foreign nations to buy our goods now than there was after the credit crisis in 2008. If the dollar loses world reserve status (as I believe it will during Trump’s first term), then at that point we will have a swiftly falling currency — but too swift to fuel a manufacturing reboot.
Is there even enough internal wealth to support the rise of manufacturing within the U.S. for a period of time necessary for our economy to rebalance? If there is I’m not seeing it. We are a nation mired in debt. So much so that even selling off our natural resources would not erase the problem.
Ultimately, the shift away from being tied to a globalized system towards a self-contained producer nation with a citizenry wealthy enough to sustain that production in light of limited exports to foreign buyers is a shift that requires incredible foresight, precision and ample time. It is not something that can be ramrodded into existence through force or by government decree. In fact, the act of trying to force the change haphazardly will only agitate an economy already on the verge of calamity.
Solutions Start With The Citizenry, Not Washington
I understand that conservatives in particular want to “make America great again,” and I fully agree with that goal. But, someone has to point out the inconsistencies in the current strategy and recognize that the situation is beyond repair. To make America great again would require decentralized efforts to maximize production and self reliance at a local level, not centralized federal tinkering with the economy. The globalists have been far too thorough in their programs of interdependency. The only way out now is for the system to crash and for the right people to be in place to rebuild.
Sadly, not only will a crash result in great tragedy for many Americans, but it is also an outcome the globalists prefer. They believe that THEY will be the men in the right place at the right time to rebuild the system in an even more centralized fashion. They hope to sacrifice the old world order to inspire the social desperation needed to convince the masses of the need for a “new world order.” Again, this crash cannot be avoided, it can only be mitigated. We can prepare and become self sufficient. We can fight to ensure that the globalists are not in a position to rebuild the system in their image once the dust settles. But, we should not place too much expectation that the Trump administration will be able to solve any of our economic problems, if that is even their intent. The solution remains in our hands, not in the hands of the White House.
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February 2nd, 2017 by olddog
By Michael Snyder
Central banking has truly taken over the entire planet. At this point, the only major nation on the globe that does not have a central bank is North Korea. Yes, there are some small island countries such as the Federated States of Micronesia that do not have a central bank, but even if you count them, more than 99.9% of the population of the world still lives in a country that has a central bank. So how has this happened? How have we gotten the entire planet to agree that central banking is the best system? Did the people of the world willingly choose this? Of course not. To my knowledge, there has never been a single vote where the people of a nation have willingly chosen to establish a central bank. Instead, what has happened is that central banks have been imposed on all of us. All over the world, people have been told that monetary issues are “too important” to be subject to politics, and that the only solution is to have a group of unelected, unaccountable bankers control those things for us.
So precisely what does a central bank do?
You would be surprised at how few people can actually answer that question accurately. The following is how Wikipedia describes what a central bank does…
A central bank, reserve bank, or monetary authority is an institution that manages a state’s currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state’s legal tender. Examples include the European Central Bank (ECB), the Bank of England, the Federal Reserve of the United States and the People’s Bank of China.
In the United States, we are told that we have a free market system. But in a true free market system, market forces would determine what interest rates are. We wouldn’t need anyone to “set interest rates” for us.
And why have we given a private banking cartel (the Federal Reserve) the authority to create and manage our money supply? The U.S. Constitution specifically delegates that authority to Congress.
It is not as if we actually need the Federal Reserve. In fact, the greatest period of economic growth in U.S. history happened during the decades before the Federal Reserve was created.
Unfortunately, a little over 100 years ago our leaders decided that it would be best to turn over our financial future to a newly created private banking cartel that was designed by very powerful Wall Street interests. Since that time, the value of our currency has diminished by more than 96 percent and our national debt has gotten more than 5000 times larger.
But despite all of the problems, the vast majority of Democrats and the vast majority of Republicans are not even willing to consider slightly curtailing the immense power of the Federal Reserve. And the idea of getting rid of the Fed altogether is tantamount to blasphemy to most of our politicians.
Of course the same thing is true all over the planet. Central banks are truly “the untouchables” of the modern world. Even though everybody can see what they are doing, there has not been a single successful political movement anywhere on the globe (that I know about) to shut a central bank down.
Instead, in recent years we have just seen the reach of central banking just continue to expand.
For example, just look at what has happened to some of the countries that were not considered to be “integrated” into the “global community”…
-In 2001, the United States invaded Afghanistan. In 2003, Da Afghanistan Bank (who picked that name?) was established by presidential decree. You can find the official website of the bank right here. Now Afghanistan has a modern central bank just like the rest of us.
-In 2003, the United States invaded Iraq. In early 2004, the Central Bank of Iraq was established to manage the Iraqi currency and integrate Iraq into the global financial system. The following comes from the official website of the Central Bank of Iraq…
Following the deposition of Saddam Hussein in the 2003 invasion of Iraq, the Iraqi Governing Council and the Office for Reconstruction and Humanitarian Assistance began printing more Saddam dinar notes as a stopgap measure to maintain the money supply until new currency could be introduced.
The Banking Law was issued September 19, 2003. The law brings Iraq’s legal framework for banking in line with international standards, and seeks to promote confidence in the banking system by establishing a safe, sound, competitive and accessible banking system.
Between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued new Iraqi dinar coins and notes, with the notes printed using modern anti-forgery techniques, to “create a single unified currency that is used throughout all of Iraq and will also make money more convenient to use in people’s everyday lives. Old banknotes were exchanged for new at a one-to-one rate, except for the Swiss dinars, which were exchanged at a rate of 150 new dinars for one Swiss dinar.
The Central Bank of Iraq (Arabic: البنك المركزي العراقي) was established as Iraq’s independent central bank by the Central Bank of Iraq Law of March 6, 2004
-In 2011, the United States bombed the living daylights out of Libya. Before Muammar Gaddafi was even overthrown, the U.S. helped the rebels establish a new Central Bank of Libya and form a new national oil company.
Central banks are specifically designed to trap nations in debt spirals from which they can never possibly escape. Today, the debt to GDP ratio for the entire planet is up to an all-time high record of 286 percent. Humanity is being enslaved by a perpetual debt machine, but most people are not even aware that it is happening.
It is time for an awakening. We need to educate as many people as possible about why we need to get rid of the central banks. For those living in the United States, my previous article entitled “On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever” is a good place to start. In other countries, we need people to write similar articles about their own central banks in their own languages.
The global elite dominate us because we allow them to dominate us. Their debt-based system greatly enriches them while it enslaves the remainder of the planet. We need to expose their evil system and the dark agenda behind it while we still have time.
Tags: Bankers, Central Bank, Central Banking, Central Banks, Debt, Debts, Michael T. Snyder, Monetary, Monetary Issues, North Korea, The Federated States Of Micronesia | Category: Banksters, Commentary, Federal Reserve
January 25th, 2017 by olddog
By John W. Whitehead
January 24, 2017
“Most Germans, so far as I could see, did not seem to mind that their personal freedom had been taken away, that so much of their splendid culture was being destroyed and replaced with a mindless barbarism, or that their life and work were being regimented to a degree never before experienced even by a people accustomed for generations to a great deal of regimentation … On the whole, people did not seem to feel that they were being cowed and held down by an unscrupulous tyranny. On the contrary, they appeared to support it with genuine enthusiasm.” ― William L. Shirer, The Nightmare Years 1930-40
For too long now, the American people have allowed themselves to be persuaded that the government’s job is to take care of us: to feed us, clothe us, house us, educate us, raise our children, heal our infirmities, manage our finances, protect us from our enemies, guard us against all dangers (real and imaginary), and provide for our every need.
Where Americans go wrong is in failing to recognize that there’s always a catch to such devil’s bargains purportedly carried out for the good of all society.
You want free education for your children? The government can take care of it. In exchange for free public schools, however, your children will be molded and indoctrinated into compliant, obedient citizens who reflect the government’s values rather than your own.
You want free health care? The government can take care of that, too. In exchange, your medical decisions—how you live and die—will ultimately be determined by corporations to whom you are little more than a line item impacting their profit and loss margins.
You want to be insulated from all things that might cause offense? That’s not a problem for the government. Its thought police will use hate crime laws to criminalize speech, thought and actions that may be politically incorrect.
You want a guarantee of safety? Sure, but your local police will also have to be militarized and trained in battlefield tactics, your communities and communications will be subjected to round-the-clock surveillance, and you—the citizenry—will be treated as suspects and enemy combatants.
You want to root out domestic extremism and terrorism? That’s just fine. But in the process of identifying and targeting terrorists, the government will have the power to label anyone who disagrees with its policies as an extremist/terrorist and subject them to indefinite detentions.
Are you starting to get the picture?
This is the terrible price—the loss of our freedoms and the enslavement of future generations—that must eventually be paid for the goods and services rendered by a government whose priorities are the acquisition of ever-more power, control and money.
As the old adage warns: “A government big enough to give you everything you want is a government big enough to take away everything that you have.”
Unfortunately, we’ve been on the receiving end of the government’s taxpayer-funded handouts—and its deceptively well-intended dictates—for so long that many Americans have forgotten what it is to think for themselves, provide for themselves, and govern themselves.
Indeed, this age of entitlement is a far cry from the kind of constitutional republic America’s founders envisioned.
Gone is the proud, independent-minded, pioneering spirit of early Americans like my parents who rejected what they called “hand-outs,” worked hard for whatever they had, protected their homes and families, and believed the government’s job was to govern based on the consent of the governed and not dictate.
Contrast those fiercely-independent, early Americans who took to heart James Madison’s admonition to distrust all those in power with today’s citizens who not only expect the government to care for their needs but have blindly entrusted the government with vast, growing powers.
By giving the government the green light to act in loco parentis and treat the citizenry as children in need of caretakers, “we the people” have allowed ourselves to be demoted and infantilized, reduced from knowledgeable, independent-minded, capable masters of a republic to wayward, undisciplined, dependent, vulnerable children incapable of caring for ourselves.
It’s time to grow up.
Incredibly, despite the fact that we allowed the government to become all-knowing, all-powerful and all-mighty in the mistaken belief that it would make our lives safer, easier and more affluent, we’re still shocked when that power and might is used against us.
It’s time to stop being so gullible and so trusting.
Even when the headlines blare out the news about SWAT team raids gone awry, police shootings of unarmed citizens, roadside cavity searches of young women, children being shackled and tasered, and Americans jailed for profit in private prisons, we still somehow maintain our state of denial until suddenly we’re the ones in the firing line being treated like suspects and criminals, having our skulls cracked, our doors smashed, our pets shot, our children terrorized, and our loved ones jailed for non-offenses.
It’s time to remove those rose-colored, partisan-tinted glasses and wake up to the fact that our nation of sheep has given rise to a government of wolves.
Even though, deep down, we have suspected that the system is run by an elite who views the citizenry as little more than cattle destined for the slaughterhouse, we’re still shocked to find ourselves treated like slaves and economic units.
How could we not have seen it coming?
How long has the writing been on the wall?
How could we have been so blind, deaf and dumb to the warnings all around us?
Unfortunately, it happens this way in every age, in every place where freedom falls and tyranny flourishes.
As Aldous Huxley recognized in his foreword to Brave New World: “A really efficient totalitarian state would be one in which the all-powerful executive of political bosses and their army of managers control a population of slaves who do not have to coerced, because they love their servitude. To make them love it is the task assigned, in present-day totalitarian states, to ministries of propaganda, newspaper editors and schoolteachers.”
This is how the seeds of authoritarianism are planted and watered and cultivated into aggressive, invasive growths that can quickly dominate an environment.
Remember, tyrants don’t always come to power in a show of force. Often, they sweet-talk their way to absolute power, buoyed along by a wave of populist demand for someone to save the country from economic, military and political crises.
As historian Jim Powell writes for Forbes:
Hitler didn’t take over a small government with an effective separation of enumerated, delegated and limited powers. He took over a large welfare state… He dealt with unemployment by introducing forced labor for both men and women. Government control of the economy made it virtually impossible for anyone to seriously threaten his regime. Hitler added secret police, death camps and another war machine. The German educational system, which had inspired so many American progressives, played a major role in all this… the government gained complete control of schools and universities, and their top priority was teaching obedience. The professorial elite promoted collectivism. The highest calling was working for the government.
It can easily happen here.
In fact, the early signs of this downshift are all around us if you only know where to look.
You can smell it in the air: there’s danger coming. A recent New Yorker article reveals the lengths some of the wealthiest in America are going to in order to survive an apocalyptic breakdown of society: isolated refuges, bunkers, gas masks, generators, solar panels, ammunition, etc.
You can see it in the changes taking place all around you: the government is preparing for something ominous. For example, the Pentagon is using a dystopian training video to prepare special forces to deal with the urban challenges of megacities: criminal networks, illicit economies, decentralized syndicates of crime, substandard infrastructure, religious and ethnic tensions, impoverishment, economic inequality, protesters, slums, open landfills, over-burdened sewers, and a “growing mass of unemployed.”
You can hear it in the news coming out of the independent media: the Executive, Legislative and Judicial Branches have already weakened our long-established bulwarks against tyranny by their constant undermining of the Constitution and the president’s amassing of imperial power.
We are no longer a constitutional republic.
The American dream is turning into a living nightmare.
We are fast moving towards full-blown fascism.
So what’s the answer?
The powers that be can—and will—continue to distract us with electronic gadgets and entertainment news, they can seduce us with promises they have no intention of keeping, they can drug us with politics packaged to resemble religion, and they can use the schools to breed a populace of compliant slaves.
In the end, however, the choice of whether to keep drinking the Kool-Aid or reject the false prophets and promises of the police state—a.k.a. fascism or totalitarianism or tyranny—rests with “we the people.”
After all, as I make clear in my book Battlefield America: The War on the American People, it was “we the people” who struck this devil’s bargain in the first place, trading our liberties for dubious promises of prosperity, security and advancement.
Through our inaction, our apathy and our unwillingness to do the hard work of holding the government accountable, perhaps “we the people” have been the greatest menace to freedom.
Perhaps all of this is our fault.
My parents’ advice was that if you made a mess, you had to clean it up.
No one else is going to clean this mess up for us, certainly not anyone on the government’s payroll.
As Jim Powell rightly concludes: “Ultimately, liberty can be protected only if people care enough to fight for it, because everywhere governments push for more power, and they never give it up willingly.”
So let’s stop buying into the fairytale that politicians are saviors, capable of fixing what’s wrong with our communities and our lives.
Let’s stop expecting the government to solve all our problems.
Stop playing the partisan game that paints anyone not of your political persuasion as evil.
Stop defending the insanity of an immoral system of government that sees nothing wrong with bombing innocent civilians, jailing innocent citizens, and treating human beings as little more than cattle.
Stop validating a system of laws, tactics and policies that are illegitimate, egregious or blatantly unconstitutional.
While you’re at it, start taking responsibility for your lives—and your freedoms—again. And maybe, just maybe, there will be some hope for tomorrow.
ABOUT JOHN W. WHITEHEAD
Constitutional attorney and author John W. Whitehead is founder and president of The Rutherford Institute. His new book Battlefield America: The War on the American People (SelectBooks, 2015) is available online at www.amazon.com. Whitehead can be contacted at email@example.com.
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John W. Whitehead’s weekly commentaries are available for publication to newspapers and web publications at no charge. Please contact firstname.lastname@example.org to obtain reprint permission.
In spite of John’s good intentions, he still remains un-willing to confront the real problem of Corporate Government and THE BANKING CARTEL. Where does he think all this crap we are subjected to is coming from if we are a democracy? Can’t a democracy just vote the bums out? Those of you who really believe we have freedom of choice in our government have been asleep all your life. The truth is explicitly laid out in the following article.
It’s the Banks!
January 24th, 2017 by olddog
PLEASE READ OLDDOGS COMMENTS FOLLOWING THIS ARTICLE
By Anna Von Reitz
The banks control the governments, not the other way around. It has been this way for 150 years in Britain, the Commonwealth countries, the US, Germany, most of Europe, most of Asia, most of Africa…. and when a government tries to assert itself and make its own decisions and adopt its own currency for the benefit of its own people, as Libya’s government did and as Iran’s government has, it is promptly attacked by all the other governments. Why? Because the banks run the governments as storefront governmental services corporations, and the banks like it that way.
It gives them a free hand and world dominance. They get to use the resources of the entire planet any way they please. They get to regulate and de-regulate themselves in whatever way is most advantageous to them. Forget the good of the people or the country they are supposed to be representing.
Just look at what FDR did to THE VIRGINIA COLONY CORPORATION when he shut it down and opened THE UNITED STATES, INC.? And when he bankrupted the UNITED STATES OF AMERICA, INC.? These were predatory corporate take-overs and mergers—- and we all paid for them.
Look at what the Federal Reserve Banks did to the American states and people during the Depression? The suffering and losses that the American states and people endured were enjoyed as benefits and bargains by the perpetrators of the artificial Boom of the 1920’s and the same self-interested men glutted even more profit from the Bust of the Great Depression.
Those responsible, including FDR, should have been tried as criminals, not lauded as heroes; the people were not sophisticated enough to recognize what the banks and their willing drones, the politicians, had foisted off on them. Then as now, they slumbered on, secure in the comforting but false assumption that this was their government and their government wouldn’t harm them.
Let’s not forget the sanctimonious role of the members of the Bar Associations colluding with the banks and their sub rosa employees, the politicians— papering everything over and reassuring the public that it was all “legal” and proper.
Perhaps that was the death-knell of sanity in America, when the members of the Bar started calling everything “legal” and not enough voices objected.
It signaled that the American people no longer remembered the difference between “lawful” — the Law of the Land — and “legal” — the Law of the Sea.
Another death knell came when people started being confused between the “people of the United States” and “citizens of the United States”, and millions in a Zombie-like trance, beguiled and trusting what they believed to be their own dear government, agreed and said, yes, we are citizens….
At each juncture the perpetrators eased in and raped the sleeping Body Politic.
The banks and their buddies have run rampant for a century and a half and despite all the miseries and expense of constant wars, despite the loss of millions of our sons and daughters, despite the malaise of our economy, the burgeoning welfare class, the press-ganging of our Mothers and daughters to work as second wage earners merely to scrape by, the merciless inflation of the only currency available for use, the increasingly reckless, arrogant, coercive, and abusive attitude of the quote-unquote “government”—- we all managed to stagger along, just barely, kept in constant fear of the Internal Revenue Service on one hand, and predatory law suits on the other.
Here, in the richest country on Earth, supposedly living the good life in the victorious bastion of Freedom— we have been enslaved and swindled by our employees, bankers, and lawyers on a crime spree that would make Ramses of Egypt blush.
Quadrillions of dollars-worth of actual hard assets, gold and silver, jewels and art work, artifacts and precious documents, are on deposit with these same banks. These riches belong to people who are the beneficiaries of the “Historic Trusts”. These trust deposits are supposed to be managed by Trustees, who are appointed to their role or who inherit the positions, sometimes for many generations.
Instead of honoring their obligation to the Depositors, the banks are holding onto the assets of the Historic Trusts and refusing to allow the lawful Trustees to access these assets and use them as the Donors stipulated. The banks are acting as self-interested robbers—again—pure and simple.
The oldest Historic Trusts were founded in late Antiquity, at the time of the Roman collapse. Through the Dark Ages and well into the Renaissance, Historic Trusts were used to collect, protect, and transfer the wealth of men and organizations. By far the most common and among the richest Historic Trusts are those founded by Spanish Conquistadors and by the Spanish Monarchs through the early 1800’s.
These vast depositories of actual asset wealth were, for the most part, passed on by the original owners for the benefit of places and people, including their own families, home towns, favorite places, charities, churches, and even their professions…. and are today ear-marked by the current Trustees and Beneficiaries for the benefit of all Mankind.
The bankers have two-blocked all effort to secure the release of these vast stores of assets. They have pitilessly seen the photos of starving children in Africa and called them, “Monkeys”. They have swathed themselves in silk suits and fur and lived in the finest homes and considered themselves very wise and superior to the Common Man, who they have referred to as, “Livestock”.
They have self-righteously donated dribs and drabs to charity and special causes, most of them calculated to benefit the banks and their pet projects, or used to promote their own government storefronts, or to pay off politicians, or to reward their faithful servants in the Bar Associations. They’ve made themselves out to be great philanthropists– using money they stole or coerced or gained by enslaving and making the lives of others miserable. And via the spilled blood of the innocent slaughtered in wars for profit.
This is how we have the spectacle of the World Bank, IBRD, and others caught red-handed with gold and other assets confiscated from our grandparents and great-grandparents —– pretending that this gold just appeared out of nowhere in their coffers and also pretending that they don’t know where it came from.
We know where it came from. For starters, it came from my Grandmother’s wedding ring, twisted off of her finger by foreign commercial mercenaries employed by FDR.
Observe how the World Bank and IBRD tried to wash their guilty hands by offering to give our gold away to the rest of the world?
And that is just $387 billion-worth. That’s chump change.
The failure of the World Bank/IBRD to return our confiscated gold to us is a tiny, almost trivial bit of the dishonesty that the banks, politicians, and lawyers have nurtured into a festering epidemic– an epidemic of institutionalized corruption that is overwhelming and poisoning the whole planet.
So now they’ve got themselves in a spot. And the propaganda machines just aren’t working anymore. Let’s cover some of the high points.
The US Dollar isn’t worthless paper. It is in fact asset-backed by oil, both crude and refined oil products. That’s why it is called the “Petrodollar”. So let’s get that myth dismissed right now.
The US Dollar also isn’t the American Dollar. Let’s get that nasty confusion cleared up, too. Our Dollar is a unit of exceedingly pure silver. Always has been.
And let’s pop the Gold Bubble, too.
The sudden insist-on-gold mentality among Chinese investors is based on fear encouraged by self-interested sellers of gold—and equally unprincipled Chinese hucksters hoping to make a fortune by running up the worldwide price of gold.
The grandsons of the same men who set up the scam on Jekyll Island have moved their operations to China. Why? — to spring a trap fourteen decades in the making, but simple enough in design:
Collect, confiscate, impound, steal, import, control by hook or by crook all the gold in the world, and then force the grandsons and granddaughters of the people you stole the gold from to buy it back from you at wildly inflated prices. Lie and pretend that the world’s gold reserves are much smaller and therefore more precious than they really are.
Which brings me back to the issue of the Historic Trusts and the quadrillions of dollars-worth of hard assets cashiered away for hundreds of years, all being held captive by the banks that have no right of any kind to hold those assets against the Will of the Depositors, the rights of the Trustees, and the welfare of the Beneficiaries.
There is right now in the Central Bank of Mexico a huge deposit of Spanish gold that belongs to the indigenous peoples, the sons of Spanish pioneers and the daughters of American cowboys now living in the Western United States. It was placed on deposit there are as a humanitarian bequest by the King of Spain, who intended that it be spent on infrastructure and educational programs, hospitals, and all the other things that people throughout this region needed in 1834.
The gold was never delivered because other interests set up new, untrustworthy government storefronts that were not committed to spending the money according to the King’s wishes, so there it sits— more than 150 years later, gathering interest and value every year. It has grown into a very substantial trust, able to support new infrastructure, new industries, new social services, new means of transportation, medical research, cultural preservation, and vast, vast humanitarian relief to some of the poorest of the poor in America— no more photos of Navajo Elders squatting in front of a five gallon pail turned into a dangerous fuming charcoal stove trying to keep warm.
The banks are two-blocking the use of these and similar funds throughout the world because a few insanely greedy individuals refuse to come to an accommodation with the Trustees of the Historic Trusts. They aren’t content to make 2 or 3 or even 10 times profit on the gold they have stolen, confiscated, and impounded. No, they want profits in the neighborhood of 100 times what they have invested. They think they will just sit on the Historic Trusts and outright steal them and nobody will have the resources to bring them to Justice. They think they can discount the actual Trustees, the Beneficiaries— and the Law, by handing off the management responsibility to a Third Party, who they also propose to control and boss around.
Why not? They literally employ — in your name, of course — all the politicians you send to Washington and all the legislators sitting in “State of State” legislatures throughout the country.
All these people you think of as your representatives are literally bought and paid for corporate franchise employees of the banks running the governmental services corporations you have also mistaken to be your lawful government. Their only actual obligation is to make profit for the local “State of State” franchise.
This is their job and they can’t do anything else, because a commercial corporation is a psychopathic entity by definition. The fiduciary deputies of such an organization are allowed to worship only one god—–profit at any cost. That’s the way commercial corporations operate and unknown to you that is what nearly all the county, state, and federal government operations have become: self-interested commercial corporations.
That’s also why banks are the horrible institutions they are. If their Boards of Directors spent one penny that wasn’t aimed at making more profit for the shareholders and investors of the banks, they would not only lose their jobs, they would be sued and hounded and disgraced.
When you talk to the men in charge of the major banks and commercial corporations, they are compulsively fixated on making profit —and too many of them are willing to tear down and ruin the Earth and kill the people on it, all in pursuit of profit—for some numbers on a screen.
If you are sickened by this, and you should be, you will now know for sure that banks, governments, and courts are all in desperate need of reform and the entire concept of the commercial corporation must be revisited. Mankind is profoundly endangered by continuing to shelter psychopathic organizations in our midst. We can no longer turn a blind eye to the social and environmental and human cost of commercial corporations run amok.
Everyone reading this is the heir to a vast fortune, yes, even the entire Earth, is yours and subject to your dominion. Vast stockpiles of gold and riches are set aside for you, because one way or another, everyone on this planet is a beneficiary of one or another of the Historic Trusts.
These are the storehouses of the Lord, set aside for this time. In 2008, Pope Benedict XVI ordered them to be opened. As of 2017, here we still sit, waiting on Francis and the Curia and the Vatican Chancery Court.
There was a final sacrifice in Canaan 2000 years ago. A young man put aside his life for the sake of his friends and his love of the Earth and all Mankind. He paid it as the ransom for all people of all races and all religions forevermore. He paid it for the sheep and for the goats alike. Even the profit-mad bankers. He paid the price of all our debts in all jurisdictions forever. And when I say all debts and all jurisdictions— I mean exactly that: all debts.
Let that sink in.
Not just for Christians. Not just for Hebrews. This was done for all Mankind. Everywhere. Regardless of belief. Regardless of faith. And then, one more extraordinary thing—- having purchased us, he set us free and honored the Law of Heaven.
He set us free from all debts for all time, but to fulfill what is written and to make all things correct, I have presented the Payment Bond and made it effective for one thousand years beginning January 6, 2017 through January 6, 3017. This is for the redemption of the Kingdom of God, and all those NAMED as part of it. This ax fell on the Vatican Chancery Court on the Day of the Three Kings, the traditional day when the kings of the Earth bring their gifts to the King of Heaven.
So now the die is cast, and Pope Francis and his entire organization is held to account for allowing the imposition of debt where none exists, for failure to release the Historic Trusts for the relief of Mankind, for the creation of commercial corporations by the Roman Curia and for allowing these diabolical inventions of the mind to run rampant upon the Earth.
The Indemnity Bond posted for the people of Earth is without limit. The first Set-Off Bond is for $100 billion dollars in silver, renewable as needed. And the Payment Bond, AMRI00003, is good for a thousand years— after which we will have our final Visitation and all will be fulfilled.
I am sorry for all my own sins and apologize to those people I have offended by entitling this series of essays with the tag line: Or, Stop Being Stupid. I think that it is obvious that we and many generations before us have been stupid, dull, slow, gullible, complacent, unwary, and the list goes on. How else have we been so deceived?
I think it is also obvious that, yes, we do have a choice in the matter. We can go on believing the lies and the fairytales— and go on being enslaved in the Land of the Free—- or we can face the facts and jerk awake and ask the questions we need to ask— and foremost among them, how is this even possible?
How have the people of the whole world been deceived, defrauded, and misled for thousands of years? It stands firmly on the record that we have been.
People often say to me, “This has the ring of truth!”
There’s a reason for that. It sounds true because it is true. Once you step back and really think about it, it’s obvious. It’s right in front of our faces. It is written in our history, revealed in our holy books, repeated in our Laws, blazoned across the heavens, and resonating in our DNA. We know the Truth. We just have to admit it to ourselves and then declare it and share it.
Billions of people on this planet are suffering and going without the basics of life for no good reason. Other lives are rendered truncated and miserable, crippled by artificially manufactured scarcity—- lacks deliberately created by banks, governments, and other commercial corporations via unlawful monopolization and manipulation of commodity markets and natural resources.
This is being done to the Heirs of Creation, the Children of the True God, the living people who are owed the benefits of the Historic Trusts regardless of their race, religion, or nation.
It’s time that the banks are brought to “an accommodation” with respect to their activities interfering in the operation of our lawful government and withholding access to the benefit of our trusts both public and private, and the release of the hegemonies they have established to control our lives, our labor and our use of our own natural resources.
It’s time to examine the purposes of banks and other commercial corporations and to question any necessity for their continued existence in their present forms.
We must remember that the Roman Curia created the entire concept of corporations. It is their responsibility to control them and to redefine them as necessary to ensure their proper functioning. When a dream turns into a nightmare and the pet becomes rabid, it’s time for the owners to wake up and either find the cure or put the creature down.
The banks and their government storefronts and the other commercial corporations pillaging the people and raping the planet must be fundamentally and permanently reformed. The Curia is the international body responsible for doing this and the Roman Pontiff is the official responsible for implementing it.
I have waited nine long years for the Curia to address the obvious and pungent problem. I have marked the days since the order was given by Benedict XVI to open the Lord’s storehouses and provide relief to the people of this planet. And now I have presented the Payment Bond to the Vatican Chancery Court.
In all these ways and for all these reasons, Pope Francis and the Roman Curia and the Vatican Chancery Court stand at the epicenter of this essential conflict between the commercial corporations and the beneficiaries of the Divine Trust. As with any trust, the Will of the Donor and the good of the Beneficiaries must be honored by the Trustees.
Otherwise, they must be recognized as False Trustees and ousted for cause.
In the nine years since Benedict gave the order to open the Lord’s storehouses, the people of this planet have continued to suffer in every corner. The Historic Trusts remain in lock-down imposed by the banks, which also refuse to release credit on the interest owed. The Curia shimmy-shuffles back and forth and takes no action to rein in, much less redefine, the limits and objectives of the banks and other commercial corporations. The Vatican Chancery Court likewise hovers in interminable call-waiting status long after the facts have been established and the issues ripened for decision.
As of January 6, the books have been balanced. They must stay balanced for 1,000 years no matter what else anyone may do.
See this article and over 400 others on Anna’s website here:
Anna has risked her life for you for years, so don’t you think it’s time you made sure everyone you know gets a copy of this? If ANYONE you send it to gets pissed off at you, simply shut them out of your life, because you will not have one much longer without a hundred million people standing up and getting rid of these psychopaths.
January 20th, 2017 by olddog
You need to read this because the World Economic Forum does carry some weight. Mostly around their waist because their heads are completely empty. They must surely believe that we are dumber than rocks if they think we are going to stand still and let corporations have all our money, and that is exactly what this is all about. Folks, digits do not have any value, they are just a medium of exchange like checks, and just who is dumb enough to exchange digits for money. I don’t mean just transaction digits because that has been going on all our life, but their real objective is to steel your cash. Under the pretense of making money safer! Well digits have no intrinsic value and you can only use them for what they allow you to purchase! Remember the word (ALLOW!) “To let somebody or yourself have something, often a benefit or pleasure of some kind.” But what if the bank does not want you to buy a particular item! ?
Moving to a digital currency could have big advantages, says Joseph Stiglitz
Image: World Economic Forum / Boris Baldinger
Written by Ross Chainey Digital Media Specialist, World Economic Forum
This article is part of the World Economic Forum Annual Meeting 2017
Indian Prime Minister Narendra Modi has already removed 86% of his country’s currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.
Should the US follow suit?
Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum’s Annual Meeting in Davos.
Stiglitz was speaking in the session Ending Corruption alongside Mark Pieth from the Basel Institute of Governance and APCO Worldwide Founder and Executive Chairman Margery Kraus. Stiglitz and Pieth co-authored a report, Overcoming the Shadow Economy, in November last year.
Quantifying the scale of the problem, Stiglitz said: “You can put it into the context of one of the big issues being discussed in Davos this year – the backlash against globalization, the darker side of globalization … The lack of transparency in global financial markets, the secrecy havens that the Panama Papers exposed, just reinforced what we already knew … There is a global framework for both corruption and tax evasion and tax avoidance.
“The fact that you can hide ill-gotten gains so easily in these secrecy havens really provides incentives for people to engage in this activity as they can get the economic returns and then enjoy the benefits of those returns. If there were not these secrecy havens then the benefits from engaging in these kinds of illicit activity would be much diminished.”
One of the countries that has not done enough to fight corruption is the US, Stiglitz went on to say, and one remedy could be to phase out cash and embrace digital currencies.
“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”
Stiglitz is not the only Davos economist to make the case for a “less-cash” society. Harvard’s Kenneth Rogoff has argued for two decades that a society awash with cash contributes to the growth of the underground economy. Rogoff believes large-denomination bank notes, rarely used by ordinary people and businesses, should be phased out. “Cash facilitates crime because it is anonymous, and big bills are especially problematic because they are so easy to carry and conceal
Kenneth Rogoff: Why we need a less-cash society’
This article is published in collaboration with Project Syndicate.
Cash facilitates crime because it is anonymous.
Image: REUTERS/Thomas Mukoya
Written by Kenneth Rogoff Professor of Economics and Public Policy, Harvard University
More on the agenda
The world is awash in paper currency, with major country central banks pumping out hundreds of billions of dollars’ worth each year, mainly in very large denomination notes such as the $100 bill. The $100 bill accounts for almost 80% of the US’s stunning $4,200 per capita cash supply. The ¥10,000 note (about $100) accounts for roughly 90% of all Japan’s currency, where per capita cash holdings are almost $7,000. And, as I have been arguing for two decades, all this cash is facilitating growth mainly in the underground economy, not the legal one.
I am not advocating a cashless society, which will be neither feasible nor desirable anytime soon. But a less-cash society would be a fairer and safer place.
With the growth of debit cards, electronic transfers, and mobile payments, the use of cash has long been declining in the legal economy, especially for medium and large-size transactions. Central bank surveys show that only a small percentage of large-denomination notes are being held and used by ordinary people or businesses.
Cash facilitates crime because it is anonymous, and big bills are especially problematic because they are so easy to carry and conceal. A million dollars in $100 notes fits into a briefcase, a million dollars in €500 notes (each worth about $565) fits into a purse.
Sure, there are plenty of ways to bribe officials, engage in financial crime, and evade taxes without paper currency. But most involve very high transaction costs (for example, uncut diamonds), or risk of detection (say, bank transfers or credit card payments).
Yes, new-age crypto-currencies such as Bitcoin, if not completely invulnerable to detection, are almost so. But their value sharply fluctuates, and governments have many tools with which they can restrict their use – for example, by preventing them from being tendered at banks or retail stores. Cash is unique in its liquidity and near-universal acceptance.
The costs of tax evasion alone are staggering, perhaps $700 billion per year in the United States (including federal, state, and local taxes), and even more in high-tax Europe. Crime and corruption, though difficult to quantify, almost surely generate even greater costs. Think not just of illegal drugs and racketeering, but also of human trafficking, terrorism, and extortion.
Moreover, cash payments by employers to undocumented workers are a principal driver of illegal immigration. Scaling back the use of cash is a far more humane way to limit immigration than building barbed-wire fences.
If governments were not so drunk from the profits they make by printing paper currency, they might wake up to the costs. There has been a little movement of late. The European Central Bank recently announced that it will phase out its €500 mega-note. Still, this long overdue change was implemented against enormous resistance from cash-loving Germany and Austria. Yet even in northern Europe, reported per capita holdings of currency are still quite modest relative to the massive outstanding supply in the eurozone as a whole (over €3,000 per capita).
Southern European governments, desperate to raise tax revenue, have been taking matters into their own hands, even though they do not control note issuance. For example, Greece and Italy have been trying to discourage cash use by capping retail cash purchases (at €1,500 and €1,000, respectively).
Obviously, cash remains important for small everyday transactions, and for protecting privacy. Northern European central bankers who favor the status quo like to quote Russian novelist Fyodor Dostoevsky: “Money is coined liberty.” Of course, Dostoevsky was referring to life in a mid-nineteenth century czarist prison, not a modern liberal state. Still, the northern Europeans have a point. The question is whether the current system has the balance right. I would argue that it clearly does not.
A plan for reining in paper currency should be guided by three principles. First, it is important to allow ordinary citizens to continue using cash for convenience and to make reasonable-size anonymous purchases, while undermining the business models of those engaged in large, repeated anonymous transactions on a wholesale level. Second, any plan should move very gradually (think a decade or two), to allow adaptations and mid-course corrections as unexpected problems arise. And, third, reforms must be sensitive to the needs of low-income households, especially those that are unbanked.
In my new book, The Curse of Cash, I offer a plan that involves very gradually phasing out large notes, while leaving small notes ($10 and below) in circulation indefinitely. The plan provides for financial inclusion by offering low-income households free debit accounts, which could also be used to make government transfer payments. This last step is one that some countries, such as Denmark and Sweden, have already taken.
Scaling back paper currency would hardly end crime and tax evasion; but it would force the underground economy to employ riskier and less liquid payment devices. Cash may seem like a small, unimportant thing in today’s high-tech financial world, but the benefits of phasing out most paper currency are a lot larger than you might think.
So this is how they are going to convince us how wonderful a cashless society will be — a society based on digital currency. There is so much corruption because of cash. Get rid of the cash and make every transaction that occurs have to go through a computer for someone’s bank account to reflect some kind of payment and we will get rid of all the money laundering, drugs, etc. It might be believable if governments around the world were not the entity behind most of the crime and money laundering. And how hard is it for them to set up a second system of payments to continue on their merry road of money laundering??? Not very. MB
January 17th, 2017 by olddog
In the News today from several News sources are articles pertaining to a report released by OXFAM International.
The OXFAM report brings forward that eight of the wealthiest individuals have more wealth than 1/2 the wealth of the poorest sectors of the world:
A line quoted towards the end of the article is: “Governments should increase taxes on both wealth and high incomes to ensure a more level playing field, and to generate funds needed to invest in healthcare, education and job creation.”
CAFR1 strongly disagrees with this statement above and does so for the following reasons:
- Taxation, as unfair as it is standing today, has not solved the world economic woes but in the alternative has increased them while at the same time slowed or in fact has destroyed many economies due to the increased drain of initial and then excessive sustained taxation suppressing economic growth, thus making the lives of the population equally suppressed. Additionally due to the greed and opportunity for self enrichment and power base creation within local governments, the tax burden is ever increasing, year by year, and decade by decade. Or as the old saying goes: “Power corrupts, absolute power corrupts absolutely”
- Most of the population (even the well educated here in the US) do not have a clue as to the massive amount of revenue (tax, investment, and enterprise) brought in and collected by their own local governments, in which when looked at (especially collectively) makes those eight individuals spotlighted in the OXFAM report in comparison look like average to poor net worth individuals. EXAMPLE: As of 2009, the collective investment wealth from within the County of Los Angeles (all of the separate Cities, Municipalities, Towns, School Districts, Universities, Enterprise operations, special districts, etc.) “within” Los Angeles County, collectively held liquid investment equated to 1.8 Trillion Dollars) [Collectively held within each distinct local government: LA County 234 Billion Dollars, LA City 115 Billion Dollars, etc., etc., etc…]
- Local governments when some of the rocks are turned over by the populace and several if not many specialty investment fund balances are seen (I note to get the Gross balances and NOT the Net. The Gross will show the actual standing balance whereas a Net balance can be striped-down by “projected liabilities” to reflect maybe 1/3rd or less of the Standing Balance) will say when confronted on the issue: “You are not looking at our liabilities, you are only looking at our standing balances.” There are two VERY LARGE points to consider when hearing that blanket statement made from your local government official(s):
- Based on the accounting “they” created. they can project out their liabilities 25 to 35-years and they do so with only projecting out their income 1-year. If the “income” was projected out for the same time period, they all would be clearly in the black with no shortfalls at the “present”.
- Most large local governments starting in the early 80’s needed “Parking Zones” for the wealth they were amassing. What was devised at that time and forward was to “Promote” debt at the front door to the population, and through the back-door use their own investment assets to fund their own debt. In doing so they were able to create those “Parking Zones” and get extra income (non-disclosed tax) from the return on those Bond Issues and debt instruments used. There are MANY tactics that were utilized to accomplish this, but the bottom line is if the dots were all connected, in most cases 75% + of that new issue and standing debt local governments constantly try to spoon feed us would cross match to their own or other local government investment funds. Technically if crossed matched, at the “stoke of a pen”, that debt could be off-set against the corresponding local government investments funding that debt. I note budgets would also go down being they would no longer be deducting interest + principle payments from their Budgets to offset that debt when canceled out against their own standing investment funds utilized to fund that debt.
TWO CAFR1 Articles per California for reference:
A 2010 challenge CAFR1 made to The San Francisco Chronicle to mention and to publish a few links to some California Local Government CAFRs (and I note sent via email to every reporter at the Chronicle) – http://cafr1.com/challenge.html Result as of 2017 per making simple mention and publication of a few CAFR links by the Chronicle? = zero, Nada, not a peep.
Another set of communications I had with a Carl Herman per California can be viewed here – http://cafr1.com/Herman.html
Today I contacted the OXFAM Institute’s upper management in the UK, US and briefed them on the basics discussed above. What they do with it will be seen in the future.
CAFR1’s proposal for prosperous economies and thus those economy’s populations equally prospering: The TRFA plan establishing for local governments meeting their operating budgets through fiduciary trust management “without” taxation.
Sent FYI and Truly Yours,
Walter J. Burien, Jr. – http://CAFR1.com and http://TRFA.us
- O. Box 2112
Saint Johns, AZ 85936
Tel: (928) 458-5854 Arizona
January 15th, 2017 by olddog
by George Roof, Chief Master Sergeant (Retired), US Air Force
Taxidermist in Magnolia, Delaware (born in Lexington, SC)
Because I am a “lifer” in the military, I’ve seen the impact of a president more than many of you can imagine. I enlisted with LBJ and saw just what a Democrat clusterflock was all about. I went to Vietnam and saw how we were constantly and incessantly bombarded with micromanagement from Washington that got thousands of military people killed. I wonder sometimes if I’ll get to heaven, but if I go to hell, I’m sure I’ll still be a few hundred floors above those bastards Robert McNamara, LBJ, John Kerry, Jane Fonda, and yes, even the “hero”, John McCain.
After Johnson “abdicated” rather than having his ass waxed, I lived through Nixon who was hawkish but allowed the generals (and there WERE a few real generals back then versus now) run the show. He was so out of touch that he never knew North Vietnam was about to surrender when the Paris Accord was presented. Only God could help us after Gerald Ford was beaten by Jimmy Peanuts who’d been funded by Saudi money. The military was turned into Section 8 and even the White House suffered the austerity.
Then the light began to shine and Ronald Reagan swept into the fray. He not only loved the country and the military, they loved him back. Esprit d’corps was off the scale during his presidency. The Liberals were slowly turning into socialists, however, and about this time all the draft dodgers of the 1960’s who’d been given amnesty by Jimmy Peanuts were turning out college graduates with degrees in socialism.
Bush 1 was an enigma from the CIA and though he never did much either way, he NEVER DID MUCH EITHER WAY.
Welcome to Bill Clinton. Clinton spent most of his two terms wagging the dog and creating the Oral Office, sending a bomber to blow up Quaddafi’s tent and killing a goat or two, while allowing the UN to set up the infamous Black Hawk Down situation. He made history by becoming only the second president to be impeached.
I actually felt sorry for Bush 2. He was doomed to infamy from the start. He thought most of America was still the ‘rah rah’ patriots of WWII when they were simply socialists waiting to feed him to the sharks.
Then there came the Manchurian Candidate with a faked (OK Democrats, let’s say “of questionable origin” to assuage your PC brains) birth certificate, who’d gotten a free ride through college under a foreign student exemption, and whose college records and complete life history had been sealed. (We know more about Thomas Jefferson’s bastard children than we do about Obama, Michelle, OR their two kids.) From his inaugural address, he slandered America and within days had begun to encourage dissension of the races as well as slandering police who “acted stupidly.” That was mild to the crap that would come in doubling the national debt from what had been built by ALL THE PREVIOUS PRESIDENTS COMBINED, feeding us bullspit about how Muslims built this country, and nationalizing American industries. Fueled by George Soros’ money and using the Air Force fleet as his personal charters, he appointed malcontents and traitors into positions of authority. He trashed the Constitution by installing “czars” (interesting he chose a title like that) to bypass Congressional authority. By that time, Congress was completely corrupt on both sides of the aisle. No one had balls to impeach this charlatan.
Mysteriously, the lone outspoken conservative Supreme Court Justice suddenly dies in his sleep at an Obama pal’s hunting lodge and the Supreme Court is evenly split. Finally, Congress shows some balls and rejects Obama’s nomination. The Libtards aren’t worried because the fix is in. Soros has paid demonstrators to cause turmoil at all the Republican gatherings, Obama concedes that illegal aliens should vote as they won’t be prosecuted, and Soros-manufactured voting machines are caught switching votes in certain precincts. Hillary has cheated her way to the nomination and her lies are completely ignored by the brainwashed minions of sycophants who follow her.
But a shocking thing happened on the way to the forum. Middle America had had enough and although the pollsters and the pipers tried to convince them not even to bother to vote, they were fed up with the denizens of the swamp. It was time. Florida was designated a “swing” state ignoring that all those old retirees living in St. Petersburg, and the fed up Cuban Americans of Miami weren’t interested in their platform. Ohio and Pennsylvania, where coal production was blacklisted and where Obama had ridiculed them for “clinging to their Bibles and their guns,” lay awaiting this supposed “landslide” Hillary vote and creamed it.
The Socialist world of the Democratic Party disintegrated. An American who expressed unbridled love of country and respect for police, firemen, and military steamrolled across the heartland and the liberals realized their scheme was trashed. A CONSTITUTIONALIST would be nominated to the Supreme Court and if the hag who’d claimed to retire if Trump were elected would actually leave, the Supreme Court would have a massive majority of CONSTITUTIONALISTS for the next 40-50 years.
Now, the same party who’d ridiculed Trump on his comments about the election being rigged, started screaming that the election was rigged. They even advocated having the election repeated. They created mobs that burned and pillaged, stopped traffic, threatened murder, battery and rape of Trump supporters, and became the anarchists that the socialist dream thrives upon. They run like castrated pigs for safe zones and use diaper pins as their national symbol.
This is exactly what happens when political correctness takes over, and participation trophies are awarded to everyone. They can’t conceive how disgusting and subservient they have become. Donald Trump may NOT be the best person for the job, but he’s such a welcome respite from the candy-assed wimps who’ve been running the swamp that it’s refreshing to see. At the very least, Donald Trump derailed the Socialist train and bought us precious time. If he only does half of what he’s promised, we’ll still be legions ahead of where Obama has dragged us. Already countries who held us in contempt are lining up to be found in the favor of America.
So, for you liberal lurkers and you half-assed fence-sitters, kiss off. You had your big hurrah and now your party is over. For you staunch Republicans in office, don’t gloat so much yourselves. You’ve been put on notice by the American people that we’re fed up with ALL YOU BASTARDS, and if you don’t start putting America first, you do so at your own peril. You might want to buy a copy of George McGovern’s autobiography and see how shocking and humbling it can be for a professional politician to have to try to find legitimate work once he falls from grace. This election was pure, unadulterated AMERICAN. Hillary got beaten and AMERICA WON THE ELECTION. You can claim he’s not “your president” all you want, but unless you forfeit your American citizenship, YES HE IS! Go cry a river some place they need water.
OLDDOGS COMMENTS ON
It is not my intention to denigrate Mr. Roof; however there are certain subjects that everyone reading the above article must understand.
# 1 is, Patriotism, (as in “a proud supporter or defender of His/her country and it’s way of life” has been used by the International Investment Banking Cartel to control the emotions of billions of people, to their detriment, and the worlds grave yards PROVE IT!
There is no possible justification for continuous wars between Nations. They only profit the Bankers, politicians and those who build, distribute, and sell munitions and related products. WAR IS A RACKET, and it turns men into killers, destroys families, and worst of all, it promotes a mind set in young men that destroys their compassion for other people, and it begins on television, the public and privet mind control school system, all kinds of media, the military and is relevant in every countries mind set. It has turned humanity into monsters. I’ve been there folks, and killing other people becomes an addiction just like narcotics. The better you are at it, the more you want to continue doing it. It is a method of stroking your self-esteem. In short, war destroys human beings ability to prioritize their emotions and responsibilities to humanity. It justifies being sub-human. It is a tool the Bankers use to totally control the world, and the more we participate, the richer and more powerful they get; until we accept our total loss of humanity and freedom and accept their every command. THAT’S THE COST OF PATRIOTISM!
And it has been going on since the beginning of humanity.
And that’s not the worst part: because our confused minds begin to justify it as a means of getting even, like my dreams of solwy dragging Obuma and the Bankers over a gravel road until there is nothing left but the chain. Are you beginning to understand the horror of having been self hypnotized by your own rage or pursuit of glory? Our mind is our only chance of protecting the things we love, and we cannot afford to let other people decide what we should be because; when we, through ignorance, accept the things we have been taught to accept as normal, self hypnosis transfers the blame to us.
Even though my Lord and my God has said “Thou Shalt Not Kill” I have already changed that into; “I will kill anyone who tries to kill my loved ones or myself”, which is all the proof needed to deny my Lord as being infallible. What have we become if we accept human law over the Lord God almighty? Do you see the conundrum we face? This is the result of following the Bankers design of humanity over Gods. They have made us what we are by manipulating everything in our world, and claim to own us!
They have changed the definition of common words like “person” and “citizen”, and the kind of law we must obey was changed from common law to “international law” and that is only a minuscule amount of things that they have used to control us and steal our freedom to have a lawful Government. They make their own law, and hold us responsible, when we had no idea what they were doing, or how they did it. We were lied to from the cradle and accepted it as normal because it was all we knew, so once again I say “protecting our mind from accepting lies is paramount to recovering our humanity and freedom to govern ourselves”.
There remains no excuse for anyone to follow the status quo when the information is available for us to regain our humanity, our government and our education system. You can begin by reading
“You Know Something is Wrong When…..: An American Affidavit of Probable Cause (Paperback)
by Judge Anna Maria Riezinger & James Clinton Belcher”
May the Lord God Almighty, the Holy Lord of Glory forgive us and help us return to His Rule!
# 2! Now, you might be wondering why Mr. Roof is so upset over the machinations of our elected government. Well first off we did not elect them; the Banking Cartel appointed them for us because they know better than us how to gain complete control over the only commodity that has the power to control our lives. MONEY is the method they have always used and has been proven to be the ultimate weapon against humans. Along with our mind manipulation they use our greed for commodities to control us and all of the governments of the world.
And soon, they are going to solidify and modify the expense of doing that by eliminating our access to any currency but digits in their controlled banks. This effectively bankrupts all of humanity. Then, they will have the power to control everything on earth, and there will be no turning back with their own world military to enforce their control. Face it America, we have been screwed!!!
All of the pleasures of life will then be at the pleasure of the Banking Cartel. Can you comprehend the number of people who will be murdered to enforce this incomprehensible destruction of life on earth, as they solidify their control over everything needed to service the selected and obedient few who remain to serve them? Is your ignorance of their plans so low that this sounds like some crazy conspiracy theory? Well you only think what they have enabled you to think!
All remaining human beings will toe the line in perfect obedience when the Bankers control their food and warmth, where they come and go, and how often. Those of you who only see the good in humanity are in for a lesson you will not forget. Then you will be exterminated. That is the result of not having the intelligence to know “Something is wrong here” and doing the research to find out what it is!
All they had to do to accomplish this, is to do it in increments slow enough to not frighten people, and keep them focused on the remaining pleasures in life. Which by the way, is not all that inspiring if you have some of your mind left. I do not mean to appear to be more intelligent than anyone else but I was and remain aware that something is wrong here, so I looked for the reason. The next step was to try and awaken as many people as I could before the shit hits the fan. And, believe me it will when everyone has no money with any value.
# 3! Now we must confront the divide and conquer method that has helped the Bankers create chaos among us, and who among you is free of prejudices? Who among all of us has not looked down our nose at this or that ethnicity? As hard as I try not to, I would be a liar if I did not admit to being prejudice because it has been a part of humanity from the get go, and the Bankers have used it to completely divide America into a bunch of ignorant squabbling fools.
The media industry has been their most successful weapon in dividing us and many other human infallibilities have been controlled to their advantage. Can we not see the advantage it gives them to hate one another while they escape our wrath? Make no mistake about it, hate is a powerful tool when it is advantageous to them, and keeping us at each others throats is much better that attacking them. The media industry has been the most successful tool in the Bankers toolbox because they own it lock stock and barrel. Only six corporations control what we are feeding our minds by watching and reading their surreptitious lies.
Consider what we could accomplish if we were all pulling in the same direction instead of kicking and scratching each others eyes out; not to mention creating unforgivable wounds in our minds. Who among us is free of this horrible waste of power to reconstruct our country?
So Mr. Roof, don’t be so hard on the sons of bitches who call themselves your elected representatives, as they are only following orders, like any loyal military man is expected to do.
January 13th, 2017 by olddog
By Lysander Spooner
Are You a ‘TC’ Proponent?
Most have heard all they want to know about ‘PC’ or political correctness. But how many of you have come into contact with a much more hideous and sinister value system called ‘TC’? And even more important, are you an advocate of this behavior and its imposition on society? So just what is this conduct and who are the people who accept its tenants?
Fiat money creators that enslave the public with their hatred for honest money; are the designers of TC.
If you support the estate tax, progressive income tax, its graduated increase on greater income and redistribution of wealth; YOU are a TC.
Advocates of direct elections for the Presidency (as well as Senators), and the abolishment of the Electoral College; YOU are a TC.
Proponents of the UN involvement’s that conflict with American interests and impose compliance upon nations that differ with the world community; are TC.
Champions of criminalizing more non violent conduct, while applying lenient standards for the political and attorney class; are the creators of TC.
Supporters of the Corporate economy, with its designed elimination of small business; is a key element of TC.
Accountants that defend insane tax policies that force producers to adopt behavior and decisions that have no economic value, but will reduce tax obligations; are implementers of TC.
Whiners that demand special treatment from government at the expense of the rest, are truly TC.
Shapers of public images and editors of news that tell only a favorable account of their masters and refuse to speak ill of corrupt political, business and public leaders; are the messengers of TC.
Government bureaucrats that live for benefits and pensions, while the policies that they administer destroy the lives of honest citizens; are the foot soldiers of TC.
Local elected officials that routinely accept unconstitutional laws from State and Federal departments and courts, and do nothing to challenge their fraud; are subverters for TC goals.
Educators who impose an official line for acceptable thought and refuse to debate the merits of contrary views; are the keepers of the TC keys.
Tree huggers that force unemployment upon families with their belief in senseless and unscientific theories; are TC members.
Civil Rights advocates who’s notion of fairness justifies stealing from others to establish equality; are the robbers for TC.
Private Property destroyers who rationalize piracy from others for the greater good of themselves or their ‘so called’ society; are TC thieves.
Feminists that promote killing as a ‘RIGHT’ of woman and seek to cheapen all life as a means to express yourself; are TC harlots.
But the most disgusting of all, are the hypocrites who know exactly what TC is, understand that it is indefensible and evil, and continue to advocate it’s use upon the sovereign individuals of America; are the worst of all TC’s.
So by now you may want to know just what TC stands for? Well TC is ‘Totalitarian Collectivism‘. It is much more dynamic than the guilt and peer pressure tactic of Political Correctness. For force is the operative word in the T. Imposition of penalties and sanctions are the means upon which individuals are compelled to accept the tenants of TC. TC is based upon the power of the State to control people. Their methods are designed to coerce acceptance and mold behavior. The C is the object of the elite’s dream of complete dominion. Collectivism encompasses all the ism’s that seek to enslave man. Communism, Socialism, Fascism, and the current ‘Third Wave’, are all part of the same scam that has been used to deceive mankind into willingly giving up their individual rights for the false promises, of a dishonest slave master. The correctness in PC is the secular relativism that justifies accepting an erroneous assemblage of political doctrines. While the collectivism in TC is the absolute aim and ultimate goal for the domination of humanity.
PC is bad enough, but TC will secure the shackle and chains of despair and suffering, on the vast hordes of humankind. You are urged to start using this term in your writing and conversations and start explaining the threat that really is before us. TC is real and the operative dictum of this age. Our mutual duty is to resist it in any and every form it takes. Our aspiration is to empower the greatest number of individuals to seek and realize the excellent and ability of their talents to achieve wealth, health, meaning and purpose for their life. This goal cannot be realized within a TC culture. The enemy of the human race are the proponents, protectors and defenders of TC. Will you join the crusade against this infidel or are you content to accept the fate that is planned for you? This is one war that we are all involved, one that cannot be escaped or one that cannot be ignored. The destiny of mankind rests upon your decision to resist.
SARTRE – March 10, 2001
The principle that the majority have a right to rule the minority, practically resolves all government into a mere contest between two bodies of men, as to which of them shall be masters, and which of them slaves; a contest, that — however bloody — can, in the nature of things, never be finally closed, so long as man refuses to be a slave.
January 10th, 2017 by olddog
By Joe McCutchen
January 9, 2017
Does anyone really know the mindset of President-Elect Donald Trump? January 21, 2017 the neutral pendulum will begin to swing right or left. Citizens should be keenly aware of nuances, meaningless statements; political positions that regularly come forth from his mouth, as well as the super large issues he will be instantly confronted with. The importance is simply that the new president will hold more collective power in all the political arenas on that date than any man in the history of the world. Which way and how far will the pendulum swing?
The American government, on a perpetual basis, needs soldiers and lots of them to continue their unconstitutional, preemptive murdering and destructive psychotic pursuits.
President Elect Donald J. Trump, who I voted for with certain caveats, has reiterated multiple times that:
- S. must greatly strengthen nuclear capabilities
- Retrofit the existing S. military
- Furthermore: Increase the numbers & scope of the S. military top down. These statements (positions) and their implementation have the capacity to destroy mankind.
Question: why the necessity for the above? Who is today’s U.S. enemy du jour? Not one foreign national government has shown an inclination for war since 1945.
The current U.S. military is the largest and best equipped in the history of the world, yet President Elect Trump wants to rebuild & build on those numbers. At least 5 countries have a nuclear capability that could destroy the globe 10X over in minutes, namely the U.S., U.K., China, Israel, & Russia. There are others. Of the 5, who presents the greatest threat to precipitate a nuclear Armageddon—in my mind, the U.S. and/or Israel.
Should President Elect Trump proceed on the psychotic misadventures for global destruction i.e. arms race, as opposed to pursuing a vigorous global peace initiative, laissez faire capitalism, and as one of the Founders stated…”no foreign entanglements”, we shall pay dearly in blood & treasure. There is an excellent chance that civilization could be wiped off the face of the earth, e.g. the U.S. forcing China & Russia into a nuclear global conflict, now occurring—U.S. military along Russian borders & naval forces in the South China Sea. These two nations will not be bullied.
Bush I & II engaged this nation into 15 years of continual murdering and destruction, aided by Barack Obama with no end in sight. The RNC (Republican National Committee) and its sitting Senators & Representatives are warmongers of the highest order and no doubt inherited their DNA from the butcher of butchers, President Abraham Lincoln, e.g. Sen. John McCain, Sen. Lindsay Graham, and in AR. neophyte war-activist Sen. Tom Cotton, & indolent Sen. John Boozman who acts only on command from the RNC to pull the levers for war, otherwise his 15 year legislative presence has been a blank slate & a disgrace.
If President Elect Trump is successful in the macro enlargement and retrofitting of the U.S. military, what are his plans for utilizing this behemoth? The U.S. currently has a military presence in 130 countries! Again, I ask why? None of these countries have shown one iota of interest in any manner to engage the U.S. militarily, while at the same time the U.S. has meddled, destroyed, & murdered millions of innocent citizens around the globe, e.g. Afghanistan, Pakistan, Libya, Egypt, Iraq, Ukraine, Turkey, Yemen, Syria, Somalia, Venezuela, & Russia (posting NATO troops on the borders of countries contiguous with Russia—e.g. Estonia, Latvia, Lithuania, Poland, Turkey, a U.S. naval armada in the South China Sea, and a recent deployment of tanks in Eastern Germany. ) Who is the aggressor?
I ask again, what does Mr. Trump plan to do with his proposal to metastasize the U.S. military? Are the troops going to languish in their barracks sitting on their bunks polishing their brass and rearranging their foot lockers? Certainly not, it is a formula for global destruction/hegemony, the only logical conclusion with which one can arrive, with another massive buildup of troops & material. Armies are assembled to destroy countries, kill, and torture, remove individual freedoms & institute multiple methods of captivity ending in slavery. The U.S. military is not assembled for peaceful engagements. (Accompanied by a national debt of $20 TRILLION & GROWING)
To the point. Paul Wolfowitz, dual Israeli/U.S. citizen, heavily involved in Bush II’s criminal adventures & author of the Wolfowitz Doctrine—“WE SHALL HAVE NO RIVALS”, and using the doctrine simply means, as he states, “ETERNAL WAR FOR ETERNAL PEACE” resulting in an insane equation for the pursuit of U.S. global dominance with the obvious need for massive numbers of young Americans, i.e. cannon fodder, to satisfy the dreams & goals of elitists, bankers, military/industrial/surveillance complex, and of course in the mid-east to do the fighting & funding for Israeli Jews.
All Americans during the last 4 decades have been recipients of daily fuselages of indoctrination, propagandizing, conditioning, and directives, to institute emotional behaviors that is producing an overweening emotional admiration for war and the military, and at the same time citizens hardly realizing our republic has been embroiled in a continuing 15 year war that engages in super criminal acts.
The above methods are being used at every public event (free & paid) at public institutions (public schools, universities & entertainment venues) & always with an accompanying display of force: enormous flags, cannons, fireworks, military presence, flyovers, music—highly successful maudlin spectacles which produce the desired enlistments, none of which should be a part of private citizen’s entertainment & academic interests, nor should citizens be subjected to a bellicose environment at any time.
Therefore: who will you say is violating the cannons of civility? Put another way, who do you believe deserves the title of “global enemy”?
The whole of America, mainly due to ignorance, is betraying the principles laid down by our Founding Fathers, resulting in the U.S. becoming a belligerent historical wasteland.
Painfully said, the courageous U.S. fighting force is bringing our republic down by creating chaos & fear at home & abroad, not “KEEPING US SAFE” as the general officers, politicians & media bloviate daily. The U.S. has become the global enemy and unless these young people realize they are subsidizing their own demise in unconstitutional, preemptive wars and the criminal activities of American governments we will never arise from the filth and vermin to which this & past American governments have brought us.
The courageous American military are not heroes, they are tools used by elitists who foolhardily pursue their hegemonic ambitions. Some solutions for the neutralization of our despotic federal government are akin to simple syrup—simple.
Redeploy all American troops back to the confines of the USA, use the redeployed troops to lockdown all our national borders—land, sea, & air; use a substantial number of the remaining redeployed to build a wall contiguous with Mexico. Discharge all military personnel who do not provide active rolls in positively serving our nation; remove all illegal foreign nationals from roles in our military. Deport all illegals and those residing here on expired visas. The redeployment will also provide for a sleek, effective fighting force and relieve U.S. taxpayers from paying billions of dollars on foolish military excursions. If the numbers remaining are sufficiently great they should be directed to rebuilding our infrastructure. And finally, there should be instituted a 5 year moratorium on all immigration, giving our nation a chance to acculturate/assimilate the hundreds of ethnic groups who reside here legally.
Citizens, you do understand that politicians & bureaucrats are not going to resolve on their own the multiple crises we taxpayers are enduring—they created them all for their own enrichment. The coup de gras to complete the above tenants for saving our Constitutional Republic; all incumbents must be given the boot promptly, removing any chance of reenacting conscription, among other repugnant things.
Speaking of heroes, 3 individuals stand out, Edward Snowden fled to Russia, Bradley Manning federal prison, & Julian Assange house arrest Ecuadorian Embassy. They have given their all to alert/educate Americans to the magnitude of the criminal cabal located in DC—the federal government. President Elect Donald Trump, in my view, should pardon these 3 men and award with appropriate medals of honor—they may just have saved our nation.
There are numerous writers on the internet who display skill and intelligence that make the newspaper journalist look like high-school dropouts, but none I have read has put into print a more comprehensible, intelligent and common sense solution than what you have just read. Thank you Joe! The only thing lacking is a comprehensive plan to ignite the brains of hundreds of millions of people in America TO SUPPORT IT. Americans absolutely must stop wasting their time on frivolous entertainment, and gain the courage to abandon the social stigma against participation in political conversations. If your friends and family abandon you for having the courage to speak up, consider it an advantage and keep on trying to get people involved. You have lost nothing when idiots denounce you. WAKE THE HELL UP AMERICA!
January 9th, 2017 by olddog
by Pao Chang
Stock is derived from the Old French word stocc, meaning “stump, post, stake, tree trunk, log”. The word trunk originated from the Old French word tronc, meaning “trunk of a tree, trunk of the human body, wooden block”. In English, one of the definitions of the word trunk is “the body of a person or an animal excluding the head and limbs; torso”. It can also mean “the main channel, artery, or line in a river, railroad, highway, canal, or other tributary system”.
Most adults of today think that they are civilized and educated enough to make informed and responsible decisions. The real truth is that they are far from being responsible. Today, most adults are very irresponsible and so ignorant (lacking in knowledge) that they can barely tell the difference between what is “real” and what is “fantasy”. The proof that most adults are irresponsible can be seen when you look at the current state of the global economy. The occult definitions in the previous paragraph reveal to you the relation among the stock market, the human body, and water. In other words, your “body” is being sold/souled on the stock market for currency/current-sea-current/-chi. The currency that represents your time and energy.
Most people these days would rather watch sports or shows on TV than learn about their natural rights and how the financial, legal, and political system work. Because of their lack of knowledge in these subjects, it was not too hard for the Controllers of the New World Order (NWO) to brainwash these people to obey their authorities and Nazi-type government.
Did You Know You are a Corporate Slave?
In the USA, most of us are so brainwashed that we actually think we live in a “free” country. The unwanted truth is that roughly 98 percent of the American people are “living” under the umbrella of the corporation called the United States, Inc. This is why Americans are not called “American Citizens” anymore. Instead, they are called “United States Citizens”.
A Citizen of the United States is a citizen of a corporation or a “ship”. Hence the term, citizenship or “citizen-ship”. Because of this, a United States Citizen has no natural rights. If you do not live in the United States, your government most likely sold you out to the Controllers and their corporations too. This is because most countries of the world are controlled by the Western legal system, which is not a system based on justice but a system based on commerce.
When you agree to be a United States Citizen, you consent to be an artificial person, which is defined in Black’s Law Dictionary as a corporation. As an artificial person (corporation), you do NOT have natural rights. However, you can be given privileges by the government. Furthermore, you are bound to the acts and statutes (rules and codes) of the corporation called the United States.
Why Stealth Slavery is the Best Form of Slavery
Today, the Controllers of the NWO and their minions have nearly perfected their system of slavery. Instead of forcing people to work for them without pay, the Controllers domesticated people to think that they are free, and then trick those people to work for the Controllers using contracts to bind them to the terms and conditions of those contracts. They also used unlawful tax “laws” to scare people to pay them money.
The best form of slavery is stealth slavery, which is a form of slavery that tricks people to think they are free. This allows the people in power to control the public with little resistance. Stealth slavery is the best form of slavery, because when the masters can trick the slaves to think that they are free, they get more productivity and creativity out of the slaves. The increase of productivity and creativity of the slaves can generate more wealth, allowing the masters to collect more tax to finance their slavery system.
Evidence That Most People are Like Domesticated Animals
In the USA, most Americans have no clue that the Internal Revenue Service (IRS) is a foreign agency. To be more accurate, the IRS is a foreign private corporation of the International Monetary Fund (IMF) and is the private “army” for the Federal Reserve (Fed). For evidence of this, read these two empowering articles titled “Federal Tax Case Shows Evidence the U.S. Legal System is a Fraud” and “Did You Know the IRS and the Fed are Private Corporations? Plus, Exposing the Secrets of the Western Court System“.
Most, if not all, of the taxes collected by IRS are given to the Federal Reserve and then are turned over to the IMF, an international banking organization controlled by the United Nations (UN). The UN is a front for the Crown of England, which is controlled by the Crown Temple (City of London) and the Vatican. In simple words, every time you pay the IRS, you finance your own slavery.
Today, the Controllers of the NWO are heavily investing in artificial intelligence (AI), so that they can rely less on domesticated humans to do their dirty work. This is why they are heavily promoting transhumanism, “the belief or theory that the human race can evolve beyond its current physical and mental limitations, especially by means of science and technology”. In other words, they want AI robots to rule humanity, similar to how AI robots controlled the human race in the Terminator movie series. After they accomplish this goal, they plan to dramatically reduce the human population.
Here is an excerpt from an article I wrote titled A Breakdown of “Silent Weapons for Quiet Wars” and the Dark Agendas of the Elites – Part 1 of 2 that reveals how the Controllers (Elites) think about humans:
“In conclusion, the objective of economic research, as conducted by the magnates of capital (banking) and the industries of commodities (goods) and services, is the establishment of an economy which is totally predictable and manipulatable.
In order to achieve a totally predictable economy, the low-class elements of society must be brought under total control, i.e., must be housebroken, trained, and assigned a yoke and long-term social duties from a very early age, before they have an opportunity to question the propriety of the matter. In order to achieve such conformity, the lower-class family unit must be disintegrated by a process of increasing preoccupation of the parents and the establishment of government-operated day-care centers for the occupationally orphaned children.
The quality of education given to the lower class must be of the poorest sort, so that the moat of ignorance isolating the inferior class from the superior class is and remains incomprehensible to the inferior class. With such an initial handicap, even bright lower class individuals have little if any hope of extricating themselves from their assigned lot in life. This form of slavery is essential to maintain some measure of social order, peace, and tranquility for the ruling upper class.” [Silent Weapons for Quiet Wars, pg. 7]
Since the day we were born, the Elites and their minions have used their education, religious, and media systems to brainwash us, so that they can condition us to behave and think like slaves, and dumb us down to the level of brain-dead zombies.
Did you know that the popular Hollywood zombie movies are created by the minions of the Elites to mock your intelligence? Unfortunately, most people are too ignorant and uneducated these days to realize this. Have you seen the TV show The Walking Dead? To the Elites, YOU are the walking dead, get it?
Many of the popular cultural movements (i.e., hip hop, rock & roll, Hollywood lifestyle) and social behaviors are engineered by the Elites. One of their favorite methods for brainwashing us is to use celebrities to help promote their ideas.
The Elites are making certain celebrities dress and act like pimps and hoes to condition us to behave like pimps and hoes. Miley Cyrus, Nicki Minaj, Lady Gaga, and Justin Bieber are great examples of these Illuminati controlled celebrities.
The main purpose for conditioning us to think like pimps and hoes is to destroy our morals and family values. A society that lacks morals and values is a lot easier to control than a society that has integrity. Why do you think we have so many social problems, family issues, and divorces these days? These things were done by design to divide and conquer us.
“Experience has proven that the simplest method of securing a silent weapon and gaining control of the public is to keep the public undisciplined and ignorant of the basic system principles on the one hand, while keeping them confused, disorganized, and distracted with matters of no real importance on the other hand.
This is achieved by:
- disengaging their minds; sabotaging their mental activities; providing a low-quality program of public education in mathematics, logic, systems design and economics; and discouraging technical creativity.
- engaging their emotions, increasing their self-indulgence and their indulgence in emotional and physical activities, by:
- unrelenting emotional affrontations and attacks (mental and emotional rape) by way of constant barrage of sex, violence, and wars in the media – especially the T.V. and the newspapers.
- giving them what they desire – in excess – “junk food for thought” – and depriving them of what they really need.
- rewriting history and law and subjecting the public to the deviant creation, thus being able to shift their thinking from personal needs to highly fabricated outside priorities.
These preclude their interest in and discovery of the silent weapons of social automation technology.
The general rule is that there is a profit in confusion; the more confusion, the more profit. Therefore, the best approach is to create problems and then offer solutions.” [Silent Weapons for Quiet Wars, pg. 36-37]
Below is an excerpt of my upcoming book about word magic and the occult definition of words. This book is near completion and should be available for purchase by the end of March 2016. To see if it is available for purchase, visit this page.
People living in developed countries often like to invest in the stock market. What they do not realize is that the stock market is a system that does not flow well with the Laws of Nature. Every time people participate in the stock market, they unknowingly support the evil act of selling human souls, because the word sold sounds similar to “souled”.
At the deeper level, the stock market is the commerce system that sells or trades our soul energy, which is why it is called a stock market. Many of the stocks in the stock market do not really represent the shares of corporations. Instead, they represent the artificial persons of the natural persons. The main reason why corporate stocks have value is because they are linked to human beings. In other words, we are the “livestock” or “living stock” that are sold/souled in the stock market by the traitors/traders of humanity.
The word stock is defined as “a quantity of something accumulated, as for future use”. As for the word livestock, it is defined as “the horses, cattle, sheep, and other useful animals kept or raised on a farm or ranch”. The Controllers (Dark Magicians) consider us human beings as sheep, which is why Christians are called sheep. We are the sheeple living on a “farm” called Earth, which is a prison planet for domesticating human beings to be good little slaves. To be more specific, we are the baby/bay-bee raised on a farm to produce “honey” or “golden blood plasma” for the Dark Forces, so that they can extend their life span.
In certain ways, most human beings are not that much different from horses, cattle, and sheep, because they have been domesticated by the Controllers of the New World Order to obey their authorities and government. This is why when you talk to people about the New World Order and government conspiracy, most of them look at you like you are crazy. Some of them may even physically attack you for telling them the truth. What a bunch of sheeple and domesticated “animals”!
The sheeple are so brainwashed that they can not see that they are being domesticated and sold/“souled” on the stock market. To make matters worse, their soul energy is being stocked in the stock market to be sucked out later by the demons or “energy vampires” of the Dark Forces. This is why one of the definitions of the word stock is “a quantity of something accumulated, as for future use”.
One of the origins of the word stock is derived from the Old French word stocc, meaning “stump, post, stake, tree trunk, log”. The word trunk originated from the Old French word tronc, meaning “trunk of a tree, trunk of the human body, wooden block”. In English, one of the definitions of the word trunk is “the body of a person or an animal excluding the head and limbs; torso”. It can also mean “the main channel, artery, or line in a river, railroad, highway, canal, or other tributary system”.
The occult definitions in the previous paragraph reveal to you the relation among the stock market, the human body, and water. In other words, your “body” is being sold/souled on the stock market for currency/current-sea/current-chi. The currency that represents your time and energy.
The Handbook of Human Ownership:A Manual for New Tax Farmers
There is a way back from your current status, but it involves a lifestyle change. You must STOP watching TV and do some reading instead because your free time from family obligations is short and there is a lot to learn.
You Know Something is Wrong When…..: An American Affidavit of Probable Cause (Paperback)
by Judge Anna Maria Riezinger & James Clinton Belcher
December 31st, 2016 by olddog
By Anna Von Reitz
According to Semiramis (also known as the “Queen of Heaven”, the “Great Abomination”, the “Mother of All Whores” and the inventor of idolatry) if you want to rule over people, all you need is a “pillar and a post”.
What you do, is you take one object—- a tall vertical supporting column— and you label it a “pillar” and you take another tall vertical supporting column, and label it a “post”, thereby creating a difference between them.
Even if the difference is merely a name or a label, it is enough to fool people into thinking a difference exists.
This is the essence of “divide and conquer”.
You divide people using the same methods. You apply labels to them and exploit their differences: black and white, rich and poor, short and tall, Catholic and Lutheran, Republican and Democrat, Palestinian and Israeli.
This is one of the essential esoteric teachings of Freemasonry worldwide and it is the foundation plank of the Babylonian Slave System which is now masquerading as the lawful governments of the world.
Just call it something different.
Exploit the differences.
United States v. United States of America.
But what happens when we wake up like the dumb beasts on Christmas Eve and decide to look and think and talk?
Then we notice that Russians and Americans are indistinguishable until they open their mouths, that black people have five fingers and toes just like white people, that most of the time the voting records of Democrats are the same as the voting records of Republicans.
We’ve been fed a line. Old Semiramis has been at it again.
Having recognized the lies and enslavement of the Babylonian System, and having recognized the “pillar” and the “post” routine being played upon us, what do we do about it?
We see through it.
We stop believing the lie—stop seeing differences where none exist. It’s not a pillar or a post. It’s a tall vertical support column.
We stop paying any attention to the labels.
We stop playing the game.
We aren’t “United States Citizens” and we aren’t “citizens of the United States” either.
We aren’t “vessels in commerce“.
We aren’t names or labels or numbers.
We aren’t members of political parties.
And at the moment you realize who you are, you set yourself free of all this Babylonian idiocy. The illusions are shattered like a magic spell, and the simplicity and beauty of life is revealed.
So don’t wait another moment. Sit down right now and look at what I am telling you and say—– WTH? What have I been thinking?
See this article and over 400 others on Anna’s website here: www.annavonreitz.com
CFR Fears Collapse of UN Under
Globalists claim UN unfairly targeted by nationalist demagogues who fear black helicopters
Image Credits: Albin Lohr-Jones/Pool via Bloomberg – Getty Images.
By Clifford Cunningham
The globalist elite are fearful that President-elect Trump and congressional Republicans will use a recent UN resolution harshly critical of Israel as justification to promote America’s exit from the organization.
Stewart Patrick, senior fellow and director of the aptly-named program on International Institutions and Global Governance at the Council on Foreign Relations, lamented the end of the “most multilaterally-inclined US administration in history” and slammed President-elect Donald Trump as “an unapologetic nationalist.”
“Among the many foreign policy uncertainties created by Donald Trump’s election, there is one prediction we can take to the bank: The United Nations is going to get hammered,” he wrote.
“An unapologetic nationalist is bound for the White House, Republicans are in control of both houses of Congress—and the world body is in their crosshairs.”
In response to a recent UN Security Council resolution that harshly criticized Israel’s settlement policy in the West Bank and East Jerusalem, congressional Republicans are pushing numerous bills to cut funding to the UN, or withdraw the United States from the world body completely.
Florida Representative Ileana Ros-Lehtinen has regularly introduced a bill to alter the funding mechanism for the UN, making America’s contributions to the UN budget a voluntarily amount rather than a legally binding, automatically assessed amount.
The United States contributes roughly 22% of the UN’s total operating budget, amounting to nearly $3 billion in 2016 alone.
The American Sovereignty Restoration Act, introduced by Alabama Representative Mike Rogers in 2015 and currently languishing in the House Committee on Foreign Affairs, would completely withdraw the United States from the UN.
Patrick harshly criticized previous attempts by Congress to challenge the UN, specifically an effort by then-North Carolina Senator Jesse Helms to withhold the United States’ share of the UN’s budget until specific reforms were made.
“Conservative critics, both in and outside government, regularly scapegoat the UN for the failures of its member states,” Patrick suggested. “And because it lacks a domestic constituency, it is an irresistible target for nationalistic demagogues.”
While President Obama once proclaimed himself a “citizen of the world,” Trump has rallied a “populist base deeply skeptical of international organizations, where paranoid fantasies about UN ‘black helicopters’ as a threat to American sovereignty run deep.”
The “paranoid fantasies” referred to by Patrick are far from unfounded, as the United Nations has already violated America’s national sovereignty by seizing control of communities and land through Agenda 21 (now Agenda 2030) and local law enforcement agencies through the Strong Cities Initiative.
If Trump turns out to be a Nationalist demagogue, I will have to apologize to him, as the U.N. is on my list of shitheads.
My guess is, this lady is a demagogue too!
December 29th, 2016 by olddog
By Judge Anna Von Reitz
First, please be patient with yourself as you read through these facts. It took years of hard labor by dozens of good people to ferret out each little piece of this. It’s going to take you at least an hour or two to take it in and follow the logic to its inexorable conclusion.
When you get to the end, you will find a template that lays out the very simple one-page Fraud Killer. This does not mean that you should abandon your efforts to document your own identity and proper standing and that of your relatives—but you now have in your hands a very powerful means to break the shackles of the Great Fraud.
Starting at First Base…From Anna
Many people are profoundly confused. This System the rats have put in place IS confusing and it is MEANT to be confusing. That’s their whole schtick— to confuse you with other corporate personas and to confuse you regarding the jurisdiction they are operating in. And they do a good job of both, if you let them.
The governmental services corporations operating under whatever name— say, THE UNITED STATES OF AMERICA, INC.—have what is called a “deemed trust interest” in the people and the assets of the land and sea they service. This is a weak trust interest, similar to a mechanics lien on a house. It only comes into play when and if the actual trust operators fail to function—and that is what has happened.
The governmental services corporation operated by FDR went bankrupt and falsely claimed that the federal “states” and “citizenry thereof” were voluntary sureties standing good for the debts of the United States of America, Inc. (Conference of Governors meeting March 6, 1933.) They did this in such a way as to confuse people about which “states” and which “citizens” they were talking about (federal “states” and federal “citizens” only) which has led to all sorts of false claims against you and your organic States of the Union.
Next, the United Nations Corporation stepped in and organized the International Monetary Fund, Inc., which organized the UNITED STATES, INC. – a French commercial corporation, to take over the governmental services contracts of the old United States of America, Inc.
Operating this scheme, the UNITED STATES, INC. was able to charge off all its expenses against the United States of America, Inc. during its bankruptcy reorganization, and the cost of all this got passed through to the presumed “sureties”—us. But then, the unthinkable happened. The Pope woke up and forced the United States of America, Inc. to end its decades long “reorganization” and settle the bankruptcy. Suddenly, the UNITED STATES, INC. could no longer just pass through any and every expense to the American people and their States.
The UNITED STATES, INC. has no contract with our states. Its only contract was with the bankrupt United States of America, Inc., so they are both out of luck and out of pocket—-and seeking a means to re-establish another cozy bankruptcy fraud, war, or other means to fill their coffers. They are also looking for the alternative route— ways to reduce their expenses by killing off and reducing the number of their creditors.
We need to be aware of this circumstance if we wish to rightly interpret what is going on in the stock markets and headlines of the world. We also need to be aware in terms of the propaganda that we are being fed. The UNITED STATES, INC. needs another war for profit, so it is busy pumping up a new “enemy” called ISIS, which it funded and continues to fund. All this is being done as a justification for spending our money and spilling our blood (not to mention the other poor suckers) so that the UNITED STATES, INC. has an expense it can charge againstus.
The UNITED STATES makes money when it provides “services” to us, so it has been busily contriving all manner of services it can provide —including services we don’t want or need.
The Border Problem is a money maker for the UNITED STATES. It provides services to all those Mexican immigrants, and then charges us for the cost of this. They naturally charge us a lot more than it actually costs them, so they make out like bandits. They also claim each new immigrant as another “American” slave, and issue bonds based on the value of their labor. Can you say, “Double points!”
Same thing with wars and other conflicts— remember the Department of Defense’s $400 hammers and $1500 gold-plated toilet seats? The UNITED STATES makes money providing us with “defense services”. So long as nobody is minding the store, they can charge however much they like for providing these “services”. And they do.
This is the conflict of interest at the heart of the current misery. The State governments are supposed to ride herd on their service contracts with the feds, but over time, the “federal” government— the private, for-profit, foreign corporate government— has contrived to co-opt the State governments and to redefine them as “franchises” of their own corporation. This is how we have wound up with the “State of Georgia” and the “STATE OF GEORGIA”.
Do we seriously expect the local franchise of Burger King to question the actions of Burger King, International?
Instead, the “State” governments receive money as a kick-back from the “federal” government in the form of “federal revenue sharing”.
This is why government spending is out of control and will be out of controluntil we put our feet down and stop it—-until we seize back our misappropriated credit, and assert our position as the Priority Creditors of the UNITED STATES, INC. and the STATES it operates as franchises—and start applying the kind of pressure they understand: financial pressure.
To calm down the Border problem, groups of us have established commercial liens providing for very hefty and escalating fines to be applied against the perpetuators and their immediate bosses, the IMF and the UN. Suddenly, it is not profitable to be welcoming all those Mexicans. So what happens? The flood slows to a trickle.
To calm down the War Fever, groups of us have established commercial liens providing for very hefty and escalating fines to be applied against them for every American life lost and for every bit of property damage. Suddenly, war is no longer so profitable.
We must all stop thinking of this “thing” in Washington, DC as “our” government. It is not and it never has been. It is a criminally self-interested, foreign, for-profit, mostly foreign-owned corporation hired to provide nineteen governmental services, and it is seriously run amok.
As a corporation there is nothing sacrosanct about the “federal government”. It has exactly the same standing and status as any other commercial corporation on earth. We need to deal with it the same way we would deal with Ford Motor Company or General Electric or Monsanto.
Would you “petition” the corporate officers of these companies and ask them to play nice? That’s what you are doing with all these senseless petitions to Congress. If they wanted to play nice and were willing to play nice, they would already be doing so. There would be no need for petitions seeking redress for grievances.
So why bother?
Would you work your rump off and spend billions of dollars on political candidates and political parties trying to elect new mid-level corporate officers, aka, members of Congress, knowing that the direction of the corporation is utterly controlled by foreign shareholders?
The UNITED STATES, INC. is owned and operated by the INTERNATIONAL MONETARY FUND (IMF) and the IMF is owned and operated by the UNITED NATIONS, CORPORATION. Our real beef, therefore, is with the IMF and the UN.
If we have a beef with the way the UNITED STATES, INC. is being run— and we do—-then the obvious things to be done are the same as with any other corporation. You put the bite on them and their owners and operators via bad publicity, commercial liens, law suits in appropriate venues, and boycotts.
That’s why commercial liens against the UNITED STATES, INC. need to be filed simultaneously against the IMF and UN. They are responsible for what the UNITED STATES, INC. is doing or failing to do, so the mismanagement of the operation comes home to them and they are then motivated to make sure that the contracts owed by the UNITED STATES, INC. are honored and the limitations of those contracts observed.
Otherwise the IMF and UN are quite content to let the UNITED STATES, INC. run roughshod over everyone and everything in sight, and there is no real consequence for them. They stand in the shadows and reap the profit and don’t even get bad publicity for their misdeeds. Drag them out into the open and lay claim to their assets.
And if any of them persist in promoting criminality of any kind, yank their charters like so many radishes in the spring.
We do have effective means of dealing with the perpetrators, but we must recognize who and what the perpetrators of this System are: the shareholders of the UNITED STATES, INC., the IMF, and the UN Corporation, all acting in collusion with the shareholders of the UNITED STATES OF AMERICA, INC., the FEDERAL RESERVE, and the UN Corporation.
All roads now lead to the UN CORPORATION, so make the claims short and sweet and addressed to the UN Secretary General.
The members of Congress are rubber stamps and window dressing, there to entertain and reassure the public. Any real power the Congress had was given away during the Roosevelt Administration to the Office of the President. As mid-level managers, members of Congress now spend most of their days trying to figure out how they can more effectively lick the boots of their foreign masters, still bring home enough bacon to satisfy the folks back home, and better feather their own nests.
Instead of wasting time and money and heartfelt effort on any aspect of the current political system or supporting candidates that at the end of the day have neither the power nor the will to truly represent anyone but themselves and their own group of cronies, use your resources to address the root of the problem: the UN, the IMF, the UNITED STATES, INC. and their “federal” STATES.
Expose them. Expose what they have done and are doing here. Expose their motives and deal with those motives effectively. Realize that they are in the business of selling you “governmental services” and that you are in charge of what you buy or don’t buy —including “Obummercare”. Don’t let anyone “represent” you or your estate in these matters. The cretins in Congress are not there to represent you. They are there to represent the UNITED STATES, INC. They will always vote and act to enrich the corporation at your expense.
Many will remember that back in the 1970’s magazine publishers offered “free” subscriptions—get three months of blah-blah magazine absolutely free! No obligation! But what they didn’t tell people was that they would also receive a one month “free subscription” to six other magazines and if the victim didn’t immediately respond and cancel all these subscriptions, they would be charged for all of them at full price— subject to automatic renewal, too.
Such a deal we’ve got for you. Soon, if you don’t stand up for yourselves and cancel your “subscriptions” you will literally owe your soul to the Company Store, and be obligated to buy everything from bootlaces to coffins from the UNITED STATES, INC.
The first and most important action step is to divorce from their political process. Get your own mind firmly wrapped around the fact that the entire American political tableau is meaningless. Democrat? Republican? It doesn’t matter who gets elected to fill those Congressional seats, because the seats themselves are bought, paid for, and controlled by a foreign corporation.
Once you truly understand this, it will be easy to rescind “your” Voter Registration and announce that you will henceforth operate only as an Elector. It will be easy to write a letter to “your” Congressional Delegation— telling them that they don’t represent you nor your organic State of the Union. It will be easy to do the same thing at the STATE level and express your ire that these people who claim to “represent” you have allowed “federal revenue sharing”—-kick backs based on the misappropriation of your credit—to undermine our nation and instead promote the establishment of federal “STATES” to usurp the rightful government you are owed and undermine the checks and balances needed to protect the interests of the people.
Once you know who “they” are, what they are and what they aren’t, it is a lot easier to deal with them effectively and efficiently. So this is First Base. Shrug off the chains these corporations have offered to place on you, take back your inherent standing, and present yourself— act “without representation” and “without the United States”.
Find more articles from Anna here: http://annavonreitz.com/ in P.D.F.
OR in Plain Text at: http://www.paulstramer.net/search?q=United+States+Corporation
December 28th, 2016 by olddog
By John W. Whitehead
December 27, 2016
“What’s past is prologue.” ― William Shakespeare, The Tempest
What a terrible, horrible, no good, very bad year this has been.
Endless wars. Toxic politics. Violence. Hunger. Police shootings. Mass shootings. Economic downturns. Political circuses. Senseless tragedies. Loss. Heartache. Intolerance. Prejudice. Hatred. Apathy. Meanness. Cruelty. Poverty. Inhumanity. Greed.
Here’s just a small sampling of what we’ve suffered through in 2016.
After three years of increasingly toxic politics, the ruling oligarchy won and “we the people” lost. The FBI’s investigation of Hillary’s emails ended with a whimper, rather than a bang. FBI director James Comey declared Clinton’s use of a private email server to be careless rather than criminal. Bernie Sanders sparked a movement only to turn into a cheerleader for Hillary Clinton. Clinton won the popular vote but lost the election. Donald Trump won the White House while the American people lost any hope of ending the corporate elite’s grip on the government.
The government declared war on so-called “fake news” while continuing to peddle its own brand of propaganda. President Obama quietly re-upped the National Defense Authorization Act, including a provision that establishes a government agency to purportedly counter propaganda and disinformation.
More people died at the hands of the police. Shootings of unarmed citizens (especially African-Americans) by police claimed more lives than previously estimated, reinforcing concerns about police misconduct and the use of excessive force. Police in Baton Rouge shot Alton Sterling. Police in St. Paul shot Philando Castile during a traffic stop. Ohio police shot 13-year-old Tyre King after the boy pulls out a BB gun. Wisconsin was locked down after protests erupt over a police shooting of a fleeing man. Oklahoma police shot and killed Terence Crutcher during a traffic stop while the man’s hands were raised in the air. North Carolina police killed Keith Lamont Scott, spurring two nights of violent protests. San Diego police killed Alfred Olango after he removed a vape smoking device from his pocket. Los Angeles police shot Carnell Snell Jr. after he fled a vehicle with a paper license plate.
We lost some bright stars this year. Supreme Court justice Antonin Scalia’s death left the court deadlocked and his successor up for grabs. Joining the ranks of the notable deceased were Muhammad Ali, David Bowie, Fidel Castro, Leonard Cohen, Carrie Fisher, John Glenn, Merle Haggard, Harper Lee, George Michael, Prince, Nancy Reagan, Janet Reno, Elie Wiesel, and Gene Wilder.
Diseases claimed more lives. The deadly Zika virus spread outwards from Latin America and into the U.S.
The rich got richer. The Panama Papers leak pulled back the curtain on schemes by the wealthy to hide their funds in shell companies.
Free speech was dealt one knock-out punch after another. First Amendment activities were pummeled, punched, kicked, choked, chained and generally gagged all across the country. The reasons for such censorship varied widely from political correctness, safety concerns and bullying to national security and hate crimes but the end result remained the same: the complete eradication of what Benjamin Franklin referred to as the “principal pillar of a free government.”
The debate over equality took many forms. African-Americans boycotted the Oscars over the absence of nominations for people of color, while the Treasury Department announced its decision to replace Andrew Jackson with Harriet Tubman on the $20 bill. North Carolina’s debate over transgender bathrooms ignited a nationwide fury. Meanwhile, the U.S. military opened its doors to transgender individuals. A unanimous Supreme Court affirmed a Texas law that counts everyone, not just eligible voters, in determining legislative districts. The nation’s highest court also upheld affirmative action, while declaring a Texas law on abortion clinics to be an unnecessary burden on women.
Environmental concerns were downplayed in favor of corporate interests. Flint, Michigan’s contaminated water was declared a state and federal emergency, while thousands protested the construction of the Dakota Access Pipeline and its impact on water sources.
Technology rendered Americans vulnerable to threats from government spies, police, hackers and power failures. The Justice Department battled Apple in court over access to its customers’ locked, encrypted iPhones. Microsoft sued the U.S. government over its access to customers’ emails and files without their knowledge. Yahoo confirmed that over half a billion user accounts had been hacked. Police departments across the country continued to use Stingray devices to collect cellphone data in real time, often without a warrant. A six-hour system shutdown resulted in hundreds of Delta flights being cancelled and thousands of people stranded.
Police became even more militarized and weaponized. Despite concerns about the government’s steady transformation of local police into a standing military army, local police agencies continued to acquire weaponry, training and equipment suited for the battlefield. In North Dakota, for instance, police were authorized to acquire and use armed drones. Likewise, the use of SWAT teams for routine policing tasks has increased the danger for police and citizens alike.
Children were hurt. A 17-year-old endangered silverback gorilla was shot preemptively after a 3-year-old child climbed into its zoo enclosure. In Disney World, an alligator snatched a 2-year-old boy off one of the resort’s man-made beaches. A school bus crash in Tennessee killed five children. And police resource officers made schools less safe, with students being arrested, tasered and severely disciplined for minor infractions.
Computers asserted their superiority over their human counterparts, who were easily controlled by bread and circuses. Google’s artificial intelligence program, AlphaGo, defeated its human opponent in a DeepMind Challenge Match. Pokemon Go took the world by storm and turned users into mindless entertainment zombies.
Terrorism took many forms. Brussels was locked down in the wake of terrorist attacks that killed dozens and wounded hundreds. A shootout between a gunman and police wrought havoc on a gay nightclub in Orlando. Terrorists armed with explosives and guns opened fire in Istanbul Airport. A trucker drives into a crowd of revelers on Bastille Day in France. Acts of suspected terrorism take place throughout Germany, including attacks using axes, knives and machetes. Japan undergoes a mass killing when a man armed with a knife targets disabled patients at a care facility. Syria continued to be ravaged by bomb strikes, terrorism and international conflict.
Science crossed into new frontiers. Doctors announced the birth of the first healthy three-parent baby created with DNA from three separate people. Elon Musk outlined his plan to populate Mars.
Tragedies abounded. An Amtrak train derailed outside of Philadelphia. A commuter train crashed through a barrier in New Jersey. Floods in Texas killed nine soldiers stationed at Fort Hood. Heatwaves swept the southwest, fueling wildfires. Flash floods and heavy rain devastated parts of Maryland and Louisiana.
The nanny state went into overdrive. Philadelphia gave the green light to a tax on sugary drinks. The FDA issued guidelines to urge food manufacturers and chain restaurants to reduce salt use.
The government waged a war on cash. Not content to swindle, cheat, scam, and generally defraud Americans by way of wasteful pork barrel legislation, asset forfeiture schemes, and costly stimulus packages, the government and its corporate partners in crime came up with a new scheme to not only scam taxpayers out of what’s left of their paychecks but also make us foot the bill. The government’s war on cash is a concerted campaign to do away with large bills such as $20s, $50s, $100s and shift consumers towards a digital mode of commerce that can easily be monitored, tracked, tabulated, mined for data, hacked, hijacked and confiscated when convenient.
The Deep State reared its ugly head. Comprised of unelected government bureaucrats, corporations, contractors, paper-pushers, and button-pushers who are actually calling the shots behind the scenes, this government within a government is the real reason “we the people” have no real control over our so-called representatives. It’s every facet of a government that is no longer friendly to freedom and is working overtime to trample the Constitution underfoot and render the citizenry powerless in the face of the government’s power grabs, corruption and abusive tactics. These are the key players that drive the shadow government. They are the hidden face of the American police state that has continued past Election Day.
The U.S. military industrial complex—aided by the Obama administration—armed the world while padding its own pockets. According to the Center for International Policy, President Obama has brokered more arms deals than any administration since World War II. For instance, the U.S. agreed to provide Israel with $38 billion in military aid over the next ten years, in exchange for Israel committing to buy U.S. weapons.
Now that’s not to say that 2016 didn’t have its high points, as well, but it’s awfully hard to see the light at the end of the tunnel right now.
Frequently, I receive emails from people urging me to leave the country before the “hammer falls.” However, as I make clear in my book Battlefield America: The War on the American People, there is nowhere in the world to escape from the injustice of tyrants, bullies and petty dictators. As Ronald Reagan recognized back in 1964, “If we lose freedom here, there is no place to escape to. This is the last stand on Earth.”
Let’s not take the mistakes of 2016 into a new year with us. The election is over. The oligarchs remain in power. The police state is marching forward, more powerful than ever. All signs point to business as usual. The game continues to be rigged.
The lesson for those of us in the American police state is simply this: if there is to be any hope for freedom in 2017, it rests with “we the people” engaging in local, grassroots activism that transforms our communities and our government from the ground up.
Let’s get started.
ABOUT JOHN W. WHITEHEAD
Constitutional attorney and author John W. Whitehead is founder and president of The Rutherford Institute. His new book Battlefield America: The War on the American People (SelectBooks, 2015) is available online at www.amazon.com. Whitehead can be contacted at email@example.com.
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All you need to know on how to transform America is available at http://www.annavonreitz.com/ and in her book: You Know Something is Wrong When…..: An American Affidavit of Probable Cause (Paperback) by Judge Anna Maria Riezinger & James Clinton Belcher
ALL YOU HAVE TO DO IS GET OFF YOUR ASS AND DO SOME READING!
December 27th, 2016 by olddog
BY Michael Gaddy
*Author’s note: There is a question which deserves much more attention than it receives: Considering Lincoln was willing to make slavery perpetual and to remove it from even congressional action with the Corwin amendment in order to “preserve the Union,” had the Southern states repealed their secession, when would slavery have ended? Not rejoining a Union in which slavery would be perpetual is proof positive the war was not about slavery, nor did the South secede to protect slavery. I believe a substantial case can be made that had the Southern states not seceded and had in fact rejoined Lincoln’s precious Union, slavery would have existed much longer in this country than it did.
“I have no purpose, directly or indirectly, to interfere with the institution of slavery in the States where it exists. I believe I have no lawful right to do so, and I have no inclination to do so.” Abraham Lincoln, First Inaugural Address, March 4, 1861.
When Abraham Lincoln took office in March of 1861, this country had observed as legal the institution of chattel slavery for its entire existence. President Lincoln, having secured not one electoral vote from the Southern States declared in his First Inaugural Address that it was his full intention to use the power of the presidency to perpetuate and protect that onerous institution “in the states where it exists.”
Certainly not taught in our government schools is the fact that two days before Lincoln took the Oath of Office of President, a proposed amendment to the Constitution referred to as the Corwin Amendment passed both houses of Congress and was being sent to the states for ratification. Lincoln spoke of his support for this amendment in his Inaugural address on March 4.
“I understand a proposed amendment to the Constitution—which amendment, however, I have not seen—has passed Congress, to the effect that the Federal Government shall never interfere with the domestic institutions of the States, including that of persons held to service. To avoid misconstruction of what I have said, I depart from my purpose not to speak of particular amendments so far as to say that, holding such a provision to now be implied constitutional law, I have no objection to its being made express and irrevocable.”
History shows that Lincoln was not being truthful when he stated he had not seen the proposed amendment which had passed both houses of congress. Author Doris Kearns-Goodwin in her “political biography” of Abraham Lincoln titled Team of Rivals states the following on page 296.
“He [Lincoln] instructed Seward to introduce these proposals in the Senate Committee of Thirteen without indicating they issued from Springfield. The first resolved that ‘the Constitution should never be altered so as to authorize Congress to abolish or interfere with slavery in the states.’ Another recommendation that he instructed Seward to get through Congress was that ‘all state personal liberty laws in opposition to the Fugitive Slave Law be repealed.”
Dr. Thomas DiLorenzo, author of The Real Lincoln and Lincoln Unmasked declared that Lincoln not only was aware of the proposed amendment but, was in fact, its author. Below is the text of that amendment which was authored/endorsed by Lincoln, passed by both houses of congress and sent personally to the governor of each state by Lincoln himself, proof of which was discovered in 2006 in a museum in Allentown, PA. This critical piece of history is available in the records of the U.S. House of Representatives, 106th Congress, 2nd Session, The Constitution of the United States of America, Doc. No. 106-214.
“No amendment shall be made to the Constitution which will authorize or give to Congress the power to abolish or interfere, within any State, with the domestic institutions thereof, including that of persons held to labor or service by the laws of said State.”
Prior to Lincoln’s military invasion of the South, Lincoln had done everything within his power to make chattel slavery perpetual throughout the entire country. He had also instructed his Secretary of State William H. Seward to work on federal legislation that would outlaw any attempts to nullify the Fugitive Slave law. Several states in the North had passed laws to prohibit the federally mandated return of fugitive slaves. Lincoln wanted a federal law that would counter such legislation by the states.
Lincoln was more than willing to make the enslavement of the black race perpetual–if it would preserve the Union.
Looked upon by an intelligent eye rather than an emotional one, Lincoln’s Emancipation Proclamation, which he issued twice, must be seen as simply another political maneuver to preserve/restore the union.
“If I could save the Union without freeing any slave, I would do it; and if I could save it by freeing all the slaves, I would do it. …What I do about Slavery and the colored race, I do because I believe it helps to save this Union.” ~Lincoln in an open letter to Horace Greeley, which appeared in the New York Tribune on August 22, 1862.
Here, again, in his own words, Lincoln states that Slavery was not his primary interest. Lincoln’s primary goal was the preservation of the Union which would protect the interests of the Socialists in his cabinet and armed forces who were the founders of the Republican Party.
The now grossly misunderstood and misrepresented Emancipation Proclamation was political BS plain and simple. The edict freed only the slaves in the states in which Lincoln had no control. It did not free any of the slaves that were currently under the control of the Union Army in occupied territory in any of the Southern states. The questions must be asked: if the Union forces had not achieved what Lincoln considered to be a victory at Antietam, would he have issued the proclamation? If the Army of Virginia had won a demonstrative victory at Antietam, when would Lincoln have issued such a proclamation, if ever?
In Lincoln’s own words to Greeley, he stated he would willingly continue slavery if it would lead to the preservation of the Union. Prior to the beginning of the war, Lincoln wrote and endorsed a proposed amendment to the Constitution which would have prohibited Congress from ever abolishing or interfering with the institution of slavery. In addition, he ordered the effort be made to create a federal law that would nullify any state law that prohibited the return of fugitive slaves. The fact this same man is now referred to as the “Great Emancipator” is a great illustration of the gullibility and ignorance of the masses in our country. Adolph Hitler had the misfortune of coming to power in the wrong country.
Still, the most important question that could be asked is this; If the Southern states had not seceded; if the Union had been preserved without a war; at what point in the history of this country would a new constitutional amendment have been proposed and passed that would have freed the slaves?
Simply stated, if the South had not seceded and defended themselves from the invasion of Union forces, slavery would have been extended in our country indefinitely; the Corwin Amendment guaranteed that. It was the threat of a break-up of the Union and not any act by Abraham Lincoln and his socialist cronies that led to emancipation.
The credit for emancipation should be given to those who challenged and fought against Lincoln, not to the president who “destroyed the Constitution in order to preserve it.” Lincoln’s actions and a war that killed almost a million Americans; a war to ensure a country indivisible, were praised by Karl Marx and Adolph Hitler–need I say more?
Dr. Thomas DiLorenzo:
“Lincoln used war to destroy the U.S. Constitution in order to establish a powerful central government…” This is certainly a strong statement, but in fact Lincoln illegally suspended the writ of habeas corpus; launched a military invasion without consent of Congress; blockaded Southern ports without declaring war; imprisoned without warrant or trial some 13,000 Northern citizens who opposed his policies; arrested dozens of newspaper editors and owners and, in some cases, had federal soldiers destroy their printing presses; censored all telegraph communication; nationalized the railroads; created three new states (Kansas, Nevada, and West Virginia) without the formal consent of the citizens of those states, an act that Lincoln’s own attorney general thought was unconstitutional; ordered Federal troops to interfere with Northern elections; deported a member of Congress from Ohio after he criticized Lincoln’s unconstitutional behavior; confiscated private property; confiscated firearms in violation of the Second Amendment; and eviscerated the Ninth and Tenth Amendments.”
Lincoln and the radical republicans who put him into office held our Constitution in contempt. They knew the Southern states were seceding because of the government’s unconstitutional actions. The South was willing to leave the Union in order to protect their rights under the Constitution.
OK, Rebel, where is your proof Lincoln and the republicans held our Constitution in contempt and as an impediment to their goals and agenda? As the saying goes, “read em and weep.”
Members of Lincoln’s cabinet referred to the Constitution as “the tail of a paper kite” and “the rotten tail of a Virginia abstraction.” The above are credited to Lincoln’s Secretary of War, Edwin Stanton, as is this quote from Stanton, “A written constitution is dangerous to those of the North, for the South is using it as a shield.”
Wendell Phillips, a Boston lawyer and abolitionist said this of the North and the US Constitution, “We confess that we intend to trample underfoot the Constitution of this country.” Phillips also quoted Daniel Webster as saying the “people of New England are a law-abiding people.” To this Phillips stated, “But I say we are not a law-abiding community. God be thanked for it.”
Thaddeus Stevens, a radical republican member of the US House of Representatives from Pennsylvania was even more emphatic. “The talk of restoring the Union like it was, and the Constitution as it is, is one of the absurdities which I have heard repeated until I have become sick of it. There are many things which make such an event impossible. This Union never shall, with my consent, be restored under the constitution as it is …” “The Union as it was and the Constitution as it is–God forbid it. We must conquer the Southern states and hold them as conquered provinces.”
So, the war was not about slavery, it was about collecting a protectionist tariff and the destruction of the country “under the Constitution.” Those who continue to parrot the opposite are physical slaves to a godless, constitution–less, government and its willing shills and sycophants. More alarming, they are also mental slaves.
IN RIGHTFUL REBEL LIBERTY
It is beyond belief what government controlled education has done to America, for if three generations back had had access to the truth on a nation wide scale they surely would have revolted. Nothing is harder to understand than the present ignorance of true American history. If more people would read the real history of America it would still be a possibility. And one that I would support with my whole being, because this Nation is governed by the most vicious gang of thieves ever to control a nation. The most dangerous thing to any country is the complacency of the people. A few hours of the peoples time reading our true history would infuriate them to the point of rebellion, and leave the Banking Cartel hanging by their throats. Today the average citizen is so self centered or infatuated with entertainment they are unaware of what is and has destroyed our knowledge of what a Nation of free States should and could be. The media industry took up the lies after government schools had prepared our children to be worthless protectors of freedom by instilling a false sense of patriotism by wars against other Nations, and a total misunderstanding of the purpose of governments. We started off by being independent human beings and gradually became willing slaves and ignorant of the power banking would have over the people and their government. You do not have to remain ignorant today because of the works of real patriots like this author and several others who have the courage to not remain ignorant. I recommend to all who can still think to read this book: You Know Something is Wrong When…..: An American Affidavit of Probable Cause (Paperback) by Judge Anna Maria Riezinger & James Clinton Belcher
December 26th, 2016 by olddog
By Michael Snyder
Have we failed this generation of young adults by not equipping them to be able to handle the harsh realities of the real world? According to the Wall Street Journal, the percentage of Americans in the 18 to 34-year-old age bracket that are currently living with their parents hasn’t been this high in 75 years. At this point nearly 40 percent of our young adults in that age range are living at home, and many are concerned that this could have some alarming implications for the future of our nation.
In the United States today, more than 60 million people live in multi-generational households, and it is a good thing to have a tight family. But at some point young adults need to learn how to live their own independent lives, and in millions of cases this independence is being delayed or is never happening at all.
There are many factors involved in this trend. First of all, there is truly a lack of good jobs despite what we are being told about an “economic recovery”. Millions of young adults are graduating from college only to discover that there is a very limited number of good jobs available for our college graduates. So some college graduates are able to secure the types of jobs that they were hoping for, but millions of others are not.
Normally when a recession ends, the percentage of young adults living with their parents starts to go back down. But this has not happened this time around. Instead, the percentage of young adults that live at home has just continued to rise…
The trend runs counter to that of previous economic cycles, when after a recession-related spike, the number of younger Americans living with relatives declined as the economy improved.
The result is that there is far less demand for housing than would be expected for the millennial generation, now the largest in U.S. history. The number of adults under age 30 has increased by 5 million over the last decade, but the number of households for that age group grew by just 200,000 over the same period, according to the Harvard Joint Center for Housing Studies.
Another major factor in all of this is the fact that Americans are getting married later in life than ever before and they are having fewer kids than previous generations.
In the old days, people got married young and they set up their own households even if they were dirt poor. But these days we have hordes of single young adults that are perfectly content to sit at home and sponge off of Mommy and Daddy.
There seems to be a real lack of toughness to this generation of young adults, and many that have perceived this lack of toughness have resorted to referring to them as “Generation Snowflake”. Over the past 12 months this term has become so common that the Guardian has dubbed it “the defining insult of 2016″…
Until very recently, to call someone a snowflake would have involved the word “generation”, too, as it was typically used to describe, or insult, a person in their late teens or early 20s. At the start of November, the Collins English Dictionary added “snowflake generation” to its words of the year list, where it sits alongside other vogue-ish new additions such as “Brexit” and “hygge”. The Collins definition is as follows: “The young adults of the 2010s, viewed as being less resilient and more prone to taking offence than previous generations”. Depending on what you read, being part of the “snowflake generation” may be as benign as taking selfies or talking about feelings too much, or it may infer a sense of entitlement, an untamed narcissism, or a form of identity politics that is resistant to free speech.
The phrase came to prominence in the UK at the beginning of 2016, after Claire Fox, director of the think-tank Institute of Ideas, used it in her book I Find That Offensive to address a generation of young people whom she calls “easily offended and thin-skinned”.
Of course there are exceptions. I have some close friends that are young adults in this age range, and they are extraordinary people.
But overall, we seem to have dramatically failed this generation. Maybe it is because we tend to baby our children from a very early age, and we want to protect them from danger so much that we never allow them to be exposed to the challenges that they need to face in order to toughen up and mature.
And it certainly doesn’t help that many of our young adults enter “the real world” already drowning in tens of thousands of dollars of debt. According to CNN, about 70 percent of all college graduates in the U.S. will leave school with student loan debt, and the average loan balance for those college graduates is approximately $28,950. Paying off student loan debt can be extremely painful, and it can be financially crippling for young people that are just trying to start their new lives.
When our high school kids are looking toward the future, we very much encourage them to go to the very best schools that they can possibly get into, and we tell them to not even worry about the cost. We promise them that there will be plenty of good jobs once they graduate, and we push them into these loans without even warning them to consider the future implications.
According to a stunning article in the Wall Street Journal, many Baby Boomers are actually having money taken out of their Social Security checks because of unpaid student loans. So when you go into student loan debt, it can literally haunt you for the rest of your life…
The government has collected about $1.1 billion from Social Security recipients of all ages to go toward unpaid student loans since 2001, including $171 million last year, the Government Accountability Office said Tuesday. Most affected recipients in fiscal year 2015—114,000—were age 50 or older and receiving disability benefits, with the typical borrower losing about $140 a month. About 38,000 were above age 64.
The report highlights the sharp growth in baby boomers entering retirement with student debt, most of it borrowed years ago to cover their own educations but some used to pay for their children’s schooling. Overall, about seven million Americans age 50 and older owed about $205 billion in federal student debt last year. About 1 in 3 were in default, raising the likelihood that garnishments will increase as more boomers retire.
What we are doing is clearly not working, but I am not particularly optimistic that this system will be fixed any time soon.
If you are a young person, you need to have a solid plan before pursuing an expensive college education. Many young people just major in anything that they want without even considering if it will lead to a good career. And instead of working hard to graduate in four years, many decide that they want to stretch the “college experience” out for five or six years so that they can party as much as possible before entering the real world.
The real world is a cold, cruel place, and if you start your new life drowning in debt that is just going to make things even more difficult for you.
On a personal note, I want to thank everyone that has supported the growth of The Most Important News. It is a central news hub where you can find all of my articles, posts by incredible guest authors and many of the key news stories from all over the globe all gathered in one place. Some technical issues have forced the site to be down for extended periods of time lately, but now it is being migrated to a much more powerful server. I will not be updating it during the migration, but I should resume a normal posting schedule again very soon.
And I would like to thank all of my readers for making 2016 an absolutely amazing year. I love you all, and I wish you all the very best as we head into what should prove to be a very “interesting” 2017.
Personally I look forward to 2017 being just like the last fifty years, because there are fewer and fewer young people with enough intelligence to know how to come in from the rain. Let alone how to provide for a family. There is no doubt in my mind that America is going to be destroyed as far as there being any jobs for the working class. Trump is a ego manic billionaire, so do not put your bets on him doing anything for working class people.
December 23rd, 2016 by olddog
This article was written by Michael Krieger and originally published at Liberty Blitzkrieg
While I’m not a Dodd-Frank fan, it’s not because it was too harsh, but because it didn’t really do much of anything. It was the typical neoliberal bait and switch, designed to look tough for public consumption, while merely making tweaks around the edges of a financial system that requires systemic, paradigm level change.
Trump’s support of repealing Dodd-Frank tells you all you need to know. A Trump Presidency will see Wall Street felons who should be in prison, running as wild and free as ever.
He will be the same thing to distressed working class whites that Obama was to the black community. A fake messiah and a shyster.
– From May’s post: Donald Trump’s True Colors Emerge as He Snuggles up to Wall Street
The fact that Steve Mnuchin was a Goldman Sachs partner is the least of my concerns when it comes to the man. Indeed, if someone wanted to create a playing card deck of sleazy Wall Street financial crisis opportunists, it’d be hard not to include Steve Mnuchin.
What exactly am I talking about? Specifically, I’m referring to the collapse of IndyMac (renamed One West), and the generous helping of government welfare Mnuchin and his partners received upon purchasing the failed banking institution. This is a financial crisis saga that is unknown to most, despite having received some extensive coverage over the past year. One of the best articles on the topic was written by David Dayen in his piece, Donald Trump’s Finance Chair Is the Anti-Populist From Hell. Here are a few excerpts:
Donald Trump’s first major staff selection since securing the Republican nomination, national finance chairman Steven Mnuchin, co-founded and manages the hedge fund Dune Capital. Not only did he make partner at Goldman Sachs, so did his father in the 1960s. With over 30 years of experience at the top levels of finance, Mnuchin was present for every recent major banking innovation, including those that brought the country to the brink of economic collapse.
Mnuchin’s presence in the campaign reveals how the qualities Trump loyalists projected on their hero don’t measure up to the truth. They have venerated him throughout the Republican primary for rejecting the dirty business of pay-to-play politics, and for populist vows to protect the ordinary worker. But in selecting Mnuchin, not only has Trump submitted to the realities of presidential campaign finance; he’s chosen one of the most notorious bankers in America to carry it out.
When I heard Mnuchin’s name last week, I immediately remembered the front lawn of his mansion. Back in 2011, local housing activists and the Occupy movement in Los Angeles camped out on that lawn to save the home of Rose Mary Gudiel, a La Puente, California, resident who faced eviction after being just two weeks late on one mortgage payment. The activists threatened to move all of Gudiel’s furniture into Mnuchin’s $26 million Bel Air estate if the eviction wasn’t stopped. Twenty police officers and a helicopter met the protesters.
Why was Mnuchin’s front lawn the focal point for the protest? Because years after forming Dune Capital in 2004, Mnuchin’s hedge fund purchased the failed lender IndyMac, one of America’s largest home lenders and a leading distributor of Alt-A mortgages, a subprime hybrid which did not require borrowers to accurately state their incomes. After IndyMac failed, Dune led the investment group that purchased it from the Federal Deposit Insurance Corporation (FDIC) in 2009, renaming it OneWest Bank. Mnuchin became OneWest’s principal owner and chairman.
OneWest accomplished these foreclosures through fraud. Erica Johnson-Seck, a vice president of foreclosure and bankruptcy for OneWest, explained in a July 2009 deposition that she “robo-signed” 6,000 foreclosure-related documents per week, spending just 30 seconds on each sworn affidavit that attested to the veracity of all relevant information in the case. Johnson-Seck admitted to not reading the documents before signing them, to not knowing how the records were generated, and to not signing in the presence of a notary, all of which made the affidavits she signed false evidence in court.
The OneWest subsidiary Financial Freedom executed 39 percent of all foreclosures on reverse mortgages between 2009 and 2015, despite servicing only 17 percent of the market, according to data from the Department of Housing and Urban Development (HUD) obtained by the California Reinvestment Coalition. OneWest disclosed in its most recent annual report that it’s under investigation for this disproportionate share of “widow foreclosures” by HUD’s Inspector General. The victims include 103 year-old Myrtle Lewis of North Texas, who OneWest put into foreclosure after her insurance coverage lapsed; Karen Hunziker, who got a foreclosure notice from OneWest ten days after her husband passed away in 2014; and a host of others.
Trump’s loyal fans aren’t likely to scrutinize Mnuchin’s record, but they should. You can measure political candidates in part by who they associate with. The foreclosure history in Mnuchin’s past reflects an extreme mentality of profit at all costs, and hardly a viewpoint of standing up for the little guy. Trump as populist was always something of a pose, covering for a deep nationalism and antipathy to immigrants. The Mnuchin pick just brings that into sharper relief.
Trump’s main money-chaser has profited off the suffering of ordinary Americans for years. There’s no reason to believe Trump will offer a better deal to the working class.
Moreover, an article published in The Nation covered some details of the sweetheart deal the government gave Mnuchin and team for the privilege of turning around to abuse average Americans. Here’s an excerpt from, The Worst of Wall Street: Meet Donald Trump’s Finance Chairman.
The Mnuchin group paid FDIC $1.5 billion for the bank, far less than the value of IndyMac’s assets. The FDIC was so desperate to unload IndyMac that Mnuchin and his colleagues were able to obtain, as part of the purchase deal, a so-called “shared loss” agreement from the FDIC which reimbursed these billionaires for much of their costs for foreclosing on people unlucky enough to have mortgages from IndyMac.
Within a year, the group that the Los Angeles Times called a “billionaires’ club of private financiers” had paid themselves dividends of $1.57 billion. In other words, the FDIC took much of the risk by subsidizing the bank’s troubled assets, while Mnuchin and his colleagues pocketed the profits.
The California Reinvestment Coalition—a nonprofit organization that pushes banks to reinvest in low income communities and communities of color—determined from Freedom of Information Requests that the FDIC had already paid out over $1 billion to reimburse OneWest for the cost of over 35,000 foreclosures in California and an unknown number in other states. CRC also estimated that the FDIC will eventually pay out another $1.4 billion for the costs associated with even more foreclosures in the future.
OneWest opened its doors with 33 branches and roughly $16 billion in assets. Mnuchin engineered its growth by purchasing two other failed institutions—First Federal Bank of California and La Jolla Bank—getting the FDIC to agree again to additional “loss share” arrangements so that the owners had little to lose. After these purchases, OneWest had 73 retail branches and $26 billion in assets. It also serviced billions of dollars of mortgage loans on the behalf of third parties, such as Fannie Mae. In multiple surveys of California housing counselors, OneWest was ranked among the worst mortgage servicers in the state.
Nice deal if you can get it. Oh, and there’s also this.
In July 2014, Mnuchin arranged to sell OneWest to the CIT Group for $3.4-billion—more than double what they paid for the bank five years earlier. CIT Group, a holding company that owned a Salt Lake City-based on-line bank, wanted to buy OneWest for its low-cost deposits and its network of Southern California retail branches. The consolidated bank now has assets of about $60 billion, ranking it among the nation’s 40 largest banks.
Under the terms of the acquisition, CIT agreed to pay Mnuchin $4.5 million a year for three years as the bank’s vice-chairman. Because he relinquished that post in March 31 of this year, Mnuchin was given a $10.9 million severance package, according to the Wall Street Journal.
In CIT Group’s most recent annual report, the bank disclosed that it had received multiple subpoenas in 2015 from the Office of Inspector General at the federal Department of Housing and Urban Development (HUD) related to the servicing of reverse mortgages by Financial Freedom.
CRC’s Gonzalez said that, in light of Mnuchin’s new role in the Trump campaign, “HUD should release more information about its investigation of OneWest’s subsidiary.”
Believe it or not, it gets even more interesting from here. For example, you may be interested to know who one of Mnuchin’s partners was in the IndyMac deal. Yep, you guessed it: George Soros.
The Wall Street Journal reports:
In 2002, Mr. Mnuchin left Goldman and later was hired to run a credit fund set up by billionaire George Soros.
In 2004, Mr. Mnuchin and two former Goldman colleagues founded hedge fund Dune Capital Management LP with financial backing from Mr. Soros. Dune soon expanded into the entertainment business, striking up a film-financing deal with a unit of 21st Century Fox. Among the films Dune financed was “Avatar,” one of the all-time box office hits.
In 2008, IndyMac Bank in Pasadena, Calif., collapsed in one of the largest bank failures in U.S. history. Mr. Mnuchin led a group of investors, including funds run by Mr. Soros and other hedge-fund and private-equity titans, who bought it from the government for about $1.5 billion. The Federal Deposit Insurance Corporation agreed to cover a portion of any future loan losses, a lucrative arrangement for Mr. Mnuchin and his partners. Regulators who negotiated with Mr. Mnuchin found him to be the kind of detail-oriented person who would “know the cost of every pencil,” according to a person familiar with their thinking.
Considering many diehard Trump supporters consider Soros to be the spawn of Satan, I’m curious to see the intellectual contortions necessary to justify this relationship.
Moving along, the sad thing is none of this is surprising to me. From day one, I felt that Trump was way too cozy with Wall Street, and wouldn’t do a thing to rein in financial sector abuses. I warned about it on several occasions. See:
Draining the Swamp? Wall Street is Already Loving Donald Trump
Donald Trump’s True Colors Emerge as He Snuggles up to Wall Street
A Nation of Sheep, Afraid of Words
In light of this appointment, I want to revisit something I wrote in a recent post:
To conclude, this article is primarily written for all my readers who are either Trump supporters, or who reluctantly voted for him. My message to you is that we need to hold this man’s feet to the fire. The election is over, and you got your desired outcome. Now is not the time to be a cheerleader. Now is not the time to behave exactly like Obama zombies did after he became an obvious betrayal. What allowed Obama to do all the bad things he did, was the fact that his supporters made endless excuses for him. Don’t make excuses for Trump. If you do, your life will get a lot worse and this country will decay far more into an authoritarian oligarchy than it already has. It is up to you to make sure he doesn’t become the Wall Street puppet I always feared he would be.
If you give cover to Trump to appoint swamp creatures to his cabinet, you have no right to criticize Obama for having done the same. Let’s grow up and start rallying around ideas, not cheerleading political figures.
December 22nd, 2016 by olddog
By Brandon Smith
For years, alternative economic analysts have been warning that the “miraculous” rise in U.S. stock markets has been the symptom of wider central bank intervention and that this will result in dire future consequences. We have heard endless lies and rationalizations as to why this could not be so, and why the U.S. “recovery” is real. At the beginning of 2016, the former head of the Dallas branch of the Federal Reserve crushed all the skeptics and vindicated our position in an interview with CNBC where he stated:
“What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009.It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow. I’m not surprised that almost every index you can look at … was down significantly.” [Referring to the results in the stock market after the Fed raised rates in December.]
Fisher continued his warning (though his predictions in my view are wildly conservative or deliberately muted):
“…I was warning my colleagues, “Don’t go wobbly if we have a 10-20 percent correction at some point. … Everybody you talk to … has been warning that these markets are heavily priced.”
Here is the issue — stocks are a mostly meaningless factor when considering the economic health of a nation. Equities are a casino based on nothing but the luck of the draw when it comes to news headlines, central banker statements and algorithmic computers. Today, as Fischer openly admitted, stocks are a purely manipulated indicator representing nothing but the amount of stimulus central banks are willing to pour into them through various channels.
Even with the incredible monetary support pooled together by international financiers, returns on equities investments continue to remain mostly flat. It would seem that the propping up of indexes like the Dow has been only for the sake of keeping up appearances. For many people, revenue is barely being generated.
Unfortunately, the majority of Americans do not care to educate themselves on the finer points of finance. Their only relation to the health of the economy is their daily glance at the Dow. If it is green, or at all time highs, they assume that all is well, even if their gut is telling them something is not quite right.
The elites that stand at the helm of the Federal Reserve understand this dynamic very well. They are not stupid. They know that the whole of the global economy could be in a shambles but as long as stocks remain positive the masses will continue to ignore reality until the flames of destabilization are at their very doorsteps.
With this fact in mind one might think that the Fed would consider it in their best interest to keep stimulus measures operating indefinitely; but that is not what they are doing.
In fact, the Fed along with other central banks like the ECB has been slowly peeling back pillars of support from markets that have been in place since 2008-2009 and leaving the system open to a crisis event that should have been dealt with years ago. I examined this process of deliberate destabilization in my article ‘The Global Economic Reset Has Begun.’
In that piece I outlined the three major pillars holding up the U.S. market system and certain parts of our economy and how they were being systematically removed. The first pillar was the use of bailouts and quantitative easing measures. These were diminished through the implementation of the Fed “taper,” which I predicted would happen three months prior that year.
The second pillar was the use of near zero interest rates, which allowed numerous banks and corporations to access low-cost and no-cost overnight loans from the Fed. These companies then used these loans in large part to support a never-ending program of stock buybacks, which reduced the stock pool and artificially boosted the values of the remaining stocks. I predicted in August of 2015 that the Fed would hike interest rates and that this would be the beginning of the end for the stock buyback bonanza. The Fed hiked rates in December of that year.
This process of removing backdoor manipulation through low interest rates should be our main concern right now. Early in 2016 I believed that the Fed would reach a position in which it would finally unleash a series of rate hikes. I did not think they would be so blatant as to wait until right after the U.S. presidential election to do so. I was wrong.
This is why I eventually predicted the launch of a series of rate hikes starting right after the election of Donald Trump in my article ‘World Suffers From Trump Shell Shock — Here’s What Will Happen Next.’ The Fed has now once again hiked interest rates with assertions that they will be “accelerating” such hikes throughout 2017.
As I have been arguing for most of the past year, the election of Donald Trump was inevitable and would precede the triggering of the final stage of our ongoing economic crisis. I came to realize that the Fed’s timing of their latest rate hike is highly strategic. Not only does it set the stage for a series of hikes that will crush U.S. stock markets this coming year and finally shock the public out of their fiscal stupor, but it also maneuvers the crisis right into the lap of Donald Trump and the conservative movements that support him.
Beyond this, it perpetuates an increasing Left/Right division in America. Think about it — during a fiscal crisis under Trump, tiggered by accumulating Fed rate hikes, liberals will immediately set upon Trump as the culprit, while conservatives will immediately defend Trump as a victim of Federal Reserve meddling.
The Federal Reserve and the mainstream media are already composing the narrative by stating that Trump’s potential economic policies and a widening budget deficit would REQUIRE higher rates at a faster pace in order to be accommodated.
I have heard arguments from some that this tactic would simply not work. That people would “never buy” a narrative in which Trump and conservatives are blamed for a market collapse that was at least eight years in the making. I have to say, this view is incredibly naive.
I understand why people would want to embrace the notion that the public is as savvy as the liberty movement when looking at economic events, but this simply isn’t reality. A large portion of the U.S. population identifies with the “Left” end of the political spectrum. We have already seen how they react in the face of a Trump election win. They are predisposed to believe that Trump is responsible for a market crash regardless of the facts. Not to mention, much of the rest of the world is economically ignorant and will likely jump on the anti-conservative bandwagon during a crisis as well.
But the real master stroke of this strategy on the part of the elites is that it creates the perfect platform for the destruction of the U.S. dollar’s world reserve status — the third and final pillar I mentioned months ago that is supporting our economic system.
Imagine that the Fed’s rate hike frenzy sparks an open feud between the central bank and Trump? Some people might say “Good! Shut the bastards down!” However, this is exactly what the elites want. With the Fed “at odds” with the president of the U.S., faith in the U.S. dollar will plummet. Its world reserve status will be destroyed. And instead of being blamed on central banks, the majority of people around the world will claim it was the fault of Trump.
With a historically sufficient excuse for the end of dollar dominance in hand, the elites can move forward with their great global reset, which includes the replacement of the dollar with the IMF’s special drawing rights as the go-to reserve currency mechanism. The SDR basket is an essential bridge in the formation of a single global monetary authority and a true single global currency.
I believe that the Fed will not only continue hiking interest rates throughout 2017, but that some of these rate hikes may be LARGER than many people expect (50 basis points or more). I believe this will be designed to foster extreme tensions between the executive branch and the central bank.
A few months ago I would have said that Trump may or “may not” be aware of this dynamic and the potential that he is a scapegoat. Now that I have seen Trump’s cabinet picks which include neo-con and Goldman Sachs alumni, I have little doubt that he is fully cognizant of the plan. I will be writing more on the issue of Trump as a “Trojan horse” in my next article. In the meantime I would point out that all of the elements of psychological support for stock markets will also disappear in the face of a Trump verses establishment narrative.
All those leftist media outlets cherry picking economic stats and telling half truths to support the recovery lie now have no reason to continue cheerleading for the economy. I expect that propaganda rags like Reuters and Bloomberg will quickly change their tune with Trump in the Oval Office and begin a consistent chorus of negative financial data. Not only will the Fed remove all support from the system, but the mainstream media will be pounding day traders with the kind of “doom and gloom” headlines that they have been criticizing us for over the years.
Make no mistake, the election of Trump may have some in the liberty movement ready to pack up their preps and forget about any national crisis in their lifetimes, but the truth is, vigilance is needed now more than ever. I said it before the election and I’ll say it today — do not get comfortable; the times are about to get even more interesting.
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December 21st, 2016 by olddog
By Clive Maund
The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars worth of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008, thanks to the policy of solving liquidity problems near-term by creating even more debt and derivatives, Quantitative Easing being the most obvious example. However, while the majority consider the situation to be hopeless, there is actually “light at the end of the tunnel”.
If only a way could be found to freely tap the funds of savers at will, by imposing duties or taxes on bank accounts, with the additional option to appropriate savers’ funds on occasion as required, then the systemic liquidity problems will be solved. Banks need never fear solvency problems again and they can simply fall back on the account holder’s funds to meet any obligations. There are in fact already names for these restorative operations, they are called “bails-ins” and NIRP (Negative Interest Rate Policy).
Current Prices on popular forms of Gold Bullion
Unfortunately, any immediate attempt to implement bail-ins and NIRP on a large scale will backfire because, faced with being charged significant sums for the privilege of keeping their money in the bank, savers will simply withdraw their funds and keep them as cash at home, or maybe even invest in Precious Metals. It is, therefore, imperative that these escape routes are blocked off.
We have already seen an interesting “trial balloon” in recent years with respect to bails-ins. This was the celebrated Cyprus bail-in. When Cyprus banks were about to go belly-up a couple of years ago, they saved themselves by raiding customers’ accounts, which is more palatably described as a bail-in. The reaction of global savers to this action by the Cyprus banks was one of horror and revulsion and they made it plain that they weren’t going to stand idly by and watch banks plunder their funds – they would withdraw them as cash if any such threat should appear over the horizon. This reaction set the great minds of the banking community to work on how to stop savers withdrawing their funds in the face of these threats. The solution was and is simple – abolish cash! Thus we have seen a production of the 500 Euro note in the European Union stopped so that it gradually fades into oblivion and in the US Larry Summers has proposed the abolition of the $100 bill, which accounts for most of the money in circulation. The idea is to implement the policy for a global cashless society in stages – if it is done all at once the public will revolt. They need to be trained to go cashless and this will take time. By starting with high denomination notes you actually remove most of the currency in circulation at a stroke, but the masses can still buy cigarettes and candy bars at street corner shops with small denomination notes. The excuse given for the removal of the notes is that it impedes organized crime and money laundering etc, which is, of course, a convenient smokescreen.
With plans for a cashless society already well advanced, it was time for another trial balloon. India was selected. Anxious to demonstrate his credentials as a card-carrying member of the New World Order, and oblivious to the effects of the operation on the hapless citizenry of his country, Indian Prime Minister Narendra Modi went ahead with the withdrawal of two key banknotes. This caused chaos across the country, especially in rural areas where many don’t even have bank accounts, and citizens often had to travel long distances to get to banks to change these banknotes, only to find that the banks had in many cases run out of smaller denomination notes. Despite the economic dislocation and suffering experienced by the masses including some deaths, the experiment was deemed a success by the elites, as they had gotten away with it, with the cowed and impotent citizenry accepting it as their fate – what they should have done is rioted until the measures were withdrawn. Globally, the plan, therefore, is to keep chipping away at it until the cashless society is universally accepted, the only cash likely to remain being small denomination notes and coins suitable for paying street vendors and bus fares etc.
The arrival of the cashless society will not only mean that banks will be able to avail themselves of citizens funds as and when they please, it will also mean that the banks, and by extension, the government, will know all your financial business, what you do and when. Tax evasion will be impossible, and eventually, you will not be able to do business with companies that are not approved of by the government.
With the escape route into cash set to be blocked off, that leaves Precious Metals, gold, and silver, gold as a store of value and silver more for everyday transactions. Gold bugs and others, especially survivalists, and many wealthy investors see this as THE way to escape the rapacious grasp of the banks and the government and are busy squirreling away fortunes into overseas vaults etc. However, it is unfortunate that if you can think of this, so can they, so can the banks and the government, and they have plans for you and your gold hoard. Remember, their power is absolute, no-one dare stands up to them and they can and will do what they like, changing the law as required to suit their purposes. They are much more powerful than President Roosevelt, who in the 1930’s, in an act of naked piracy, seized the gold of US citizens, and furthermore their modern powers of surveillance and tracking are much more sophisticated than anything back then. Thus we can expect governments to declare the holding of gold (and silver) to be illegal and to demand forfeiture to the government in exchange for nominal compensation. Vendors of gold bars will be closed down and mints will not sell retail gold. Unlike the 1930’s this be a be a coordinated global campaign, a kind of witch hunt if you will, and there will be no corner of the world that is safe, just as they finished off private banking in Switzerland. Those buying gold and stashing it in various pseudo-anonymous remote foreign depositories will be in for a nasty shock as these vaults are arbitrarily raided and plundered, with the local and international law being changed as required to facilitate this. Nothing will stand in the way of a system that will not permit alternatives.
We will end on a positive note. No-one really wants to see a complete systemic collapse, which is what will happen if banks don’t avail themselves of savers funds quite soon, least of all the controlling elites at the top of the pyramid who live lives of scarcely imaginable opulence and luxury and wish to continue doing so. Such a collapse would lead to bank accounts being frozen, and a breakdown of the distribution system leading to anarchy and hand-to-hand fighting in the streets for essentials like food and gasoline. Should we not, therefore, be grateful to our illustrious masters who have ingeniously thought of a way out of the current impasse, by availing themselves of your funds as required? Is it not a small price to pay to go cashless and forego your privacy and independence, and forfeit your gold and silver on demand?
It is tempting to blame others for all this, especially those in control of the system, but don’t forget that for decades you voted for people who routinely lied before elections, and told you what you wanted to hear, that you could have it all right now and to hell with the future – well, that future has now arrived.
Ok, so the media, including we who are attempting to warn everyone is painting a scary picture of an inconceivable catastrophe. NOW WHAT? Do we shit or go blind when there is no way to buy products to sustain our lives? May I suggest that IF we lose all ways to barter because we do not have the cash on hand to buy some of everything in sight, like a truck load of food, gas, guns, ammo, generators, shovels, hammers and nails, and a host of other things we will need; that can only mean one thing! We’re shit out of luck, and pretty pissed off at the government. So, while supplies are still available, buy yourself a reloading press and all the assorted tools, primers, powder, case’s, and bullets needed to make your own ammo, because if things are that bad, ammo is going to be the next currency. Need I remind you to buy weapons also, because every swinging dick in America is going to want what you have and not have anything to buy it with. Your elected representatives will be underground and protected by the military, so forget about shooting them. Your friends and family may or may not be trustworthy also! Now don’t you feel better knowing what to do when the crap hits the fan? THE END!