Economic Collapse – The Conservative-Patriot Christian Right

COVID-19 and the Loss of Liberty

Justin Smith contends much of the economic/financial difficulties America is facing is less from the Coronavirus and more from Big Government intrusion into markets at home and abroad. The Pandemic is merely the straw utilized to crush the economy. The crush is bringing forms of Anti-Liberty solutions robbing freedom to favor government control of people’s lives. THINK OF THAT when the government tells you what to do and where you can go with the OR ELSE insinuation of martial law.

Communists should be pleased as Americans are tricked out of Liberty again.

JRH 3/20/20

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COVID-19 and the Loss of Liberty

America Trends Towards Martial Law

By Justin O. Smith

Sent 3/20/2020 1:10 AM

“One detects a pattern in American politics: Every challenge is a crisis, every crisis is a Moral Equivalent of War, and winning that war, we are told, means giving the Left everything it demands, without opposition and generally with no regard for the Constitution, process, or democratic norms.” ~ Kevin D. Williamson, Fellow at the National Review Institute [Quote: “MEOW, They Roared;” National Review; 3/13/20 12:09 PM]

Hard as it is to imagine, many people are buying the current propaganda being generated by the World Health Organization, the Trump administration and governments around the globe, as some, such as Greg Gutfeld of Fox News, are agreeing that this COVID-19 scare is tantamount to a war against an unseen enemy, after President Trump declared a national emergency on March 13th and later essentially called himself “a wartime president”. COVID-19, as bad as it is, is nowhere close to visiting the horrors of war on America, that the world saw during the invasion of Normandy during WWII, when 10,000 men were wounded and killed. And far more than the severe and highly dangerous and deadly pandemic COVID-19 has been painted to be, it is actually serving as cover for the greatest economic collapse in U.S. history, a global collapse in fact, and an excuse to go full steam ahead with a Modern Monetary Theory that facilitates out-of-control spending and printing as much money as a nation wants, along with passing any new “law” that ensures public compliance with everything to follow this complete reset of the global order and a loss of liberty.

America is being told it now faces a “serious and deadly” COVID-19 outbreak, that has only resulted in 88 deaths in the country, so far, and that is terrible to hear on any day, and especially so for the family members; but, COVID-19 isn’t any greater a threat or more virulent or deadly than the yearly influenza virus this flu season. And yet everywhere in the nation, America is being placed in quarantine by way of arbitrary commands and unconstitutional orders, similar to the likes of those that were contrived, connived and agreed upon by President Trump and the Democratic Party tyrant wannabe, Governor Andrew Cuomo, for the State of New York, while the national guard is preparing for “urban lockdowns” in several states, through heavy-handed and oppressive social and economic control [some refer to it as “soft tyranny”], even though the worse case scenario that predicts millions of deaths in our country will NEVER happen, unless the sun suddenly doesn’t rise bright in the morning.

The current “pandemic” is just the latest “enemy of the state”, that is being manipulated by the U.S. federal government emboldened over the past three decades and more willing now than ever to fabricate fear to secure a political end. Political ends are always about greater control, corruption, and too often hiding government wrongdoing, cover-ups. [Blog Editor: Bold emphasis mine]

Once upon a time, Frederic Bastiat, the magnificently profound philosopher, noted: “The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.”

Just recently, the Federal Reserve Bank approved $1.5 trillion more to bail out the Repurchasing Markets, bringing the total to approximately $5 trillion spent since September 2nd 2019 to essentially cover the massive leverage built by banks and hedge funds again, the same exact bad practices that led to the economic crisis of 2008; and, despite President Trump’s assurances that corporate America isn’t to blame this time. This is the equivalent of adding $40,000 more in taxpayer debt to every American household. And it went unnoticed by ninety-nine percent of America.

It is important to note here, that the Fed began its second epic “bank bailout”, another massive theft and transference of wealth, on September 2nd, and so, from that alone, it should be readily apparent that the current financial crisis has absolutely nothing to do with the COVID-19 virus, although the current charade is certain to exacerbate it and make the crisis deepen, providing all the excuse the government needs to continue to suppress our individual liberty along the way.

On March 16th, the U.S. stock market suffered its worse point loss in U.S. history, as the Dow Jones Industrial Average took a loss of nearly 3000 points and wiped out all gains in the last three years. Its 12.93 percent loss was greater what we saw on October 28th 1929 when the Dow lost 12.8 percent, but it is only the second greatest percentage loss in U.S. history, far from the 22.6 percent loss of Black Monday, October 19th 1987.

Although we could not have predicted COVID-19, it was only the trigger for the ongoing financial crash, the proverbial straw that broke the finance sector’s back. With asset price bubbles across the world and the total global debt over 322 percent of the world gross domestic product in the third quarter of 2019, something was certain to break, and we are seeing the results now.

On March 17th 2020, Pam and Russ Martens, financial experts, observed: “And yet no matter what pundit you see on TV, all that one hears is that Wall Street banks have plenty of capital. These two things cannot be simultaneously true: the Fed cannot have had to be pumping hundreds of billions of dollars each week into Wall Street banks and their trading arms for the past six months (long before there was any coronavirus outbreak anywhere in the world) if these banks actually did have adequate capital.”

Despite all the blame being laid upon the COVID-19 outbreak, one must note that over a century ago, in 1918-19, a true pandemic and epidemic of the Spanish flu created chaos, as 500 million were infected worldwide and 50 million people died from the virus, and approximately 675,000 of those deaths were Americans. And even though this pandemic was the deadliest in history, the Dow Jones rose throughout the year from 76 to 81. Now isn’t that interesting?

Once again, I iterate the fact that our leaders are further destroying the economy, by printing trillions of dollars more, and throwing good money after bad without any sound reason, other than corrupt politicians and bankers are benefiting and pocketing massive amounts of real asset wealth that will be seen in catastrophic retail inflation, similar to 1923 Germany, and later tax rate hikes for the average taxpayer on down the road, especially if a 1929 credit collapse is currently underway.

If any government assistance of any kind is distributed, it should be given to the elderly and those with the most severe symptoms and reactions to COVID-19, not just handed out like a security blanket to everyone and anybody; however, on March 14th, the House passed the Families First Act that offers two weeks of paid sick leave to COVID-19 victims, paying their entire salary up to $511 per day (approximately $130,000 a year). And ironically and typical for our corrupt government, large companies with over five-hundred employees are exempt.

As I have stated in other articles, President Trump believes he has no real choice except to be seen acting proactively in the face of COVID-19, no matter the unintended consequences of those actions, as he also deals with the very real and separate crisis of an economy under threat of a massive collapse. However, the guidance he has set in place and his tacit support of the continued fear-mongering by advisors, such as Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, is giving rise to many egregious and tyrannical local responses, all from his own fear that he cannot get re-elected, unless he rolls with the current Deep State project, postures for political gain and allows our Bill of Rights to be trashed in the process.

There is not any federal authority in existence than can legally force everyone across the nation everywhere to stay home and self-quarantine or “Self-isolate”, however, federal powers combined with extensive state and local emergency powers can and are, essentially effecting a national shutdown, as we also find the largest corporations, like Amazon and Nissan and many others operating in the U.S., now going along with the suggested two to three week closures, or restricted operations. This is forcing millions of Americans to stay at home, sick or not, when millions are one paycheck away from homelessness and other catastrophes that go hand-in-hand with financial ruin; this applies equally to small businesses too.

And yet, all across America we see a new trend, whereby military and police now act as if America is under martial law without a formal declaration of such. Many states, such as New Jersey, California, Ohio, Illinois, Massachusetts and Washington, have already taken unconstitutional martial law measures without an official declaration, exhibiting our potential unconstitutional future under any new fear, real or imagined, once this crisis has passed.

Americans are being forced to stay home by New York Governor Cuomo, if they are not deemed “essential workers”. He has issued an arbitrary, selective and unconstitutional executive order that requires companies to send fifty percent of their people home to “Self-isolate”. Well, don’t essential workers get sick? What’s the difference, when there isn’t any “cure” and the only recommended treatment is identical to what one would do with the common cold?

Worse yet, according to Fox 5 San Diego, on March 19th, the Governor of California, Gavin Newsom, issued a “stay at home” order effective immediately and to remain in place “until further notice”. And, in clarification, Fox 5 also reported, “Everyone is required to stay home except to get food, care for a relative or friend, get necessary health care, or go to an essential job.”

San Francisco has ordered county and city law enforcement to “ensure compliance” with its recent “shelter in place” order, prior to Gov. Newsom’s order, although officials stated they would not “rush to enforce” the directives, while residents were fully informed to what is permissible. Any violation of the orders will supposedly be considered a misdemeanor punishable by a fine or jail time.

One certainly cannot help but wonder, who will be the first American arrested for violating a “stay at home” or “shelter in place” order?

On March 12th in Champaign, Illinois, Mayor Deborah Feinen declared a state of emergency due to the COVID-19 outbreak granting herself the power to ban firearms, alcohol and gasoline, during the “crisis”, along with the power to prevent individuals’ from accessing gas, water and electricity, and even to take possession of private property, according to the Washington Examiner.

The Mayor of Nashville, TN, John Cooper, not to be outdone by anyone, ordered bars on Lower Broadway and throughout Davidson County to close their business, on March 15th, until further notice. All restaurants were told to limit their maximum seating to fifty percent of available seated capacity, all of which is absolutely in violation of the spirit of our Declaration of Independence and the pursuit of life, liberty and happiness and the Constitution itself. The orders are certain to be met with challenges along the way, such as already presented by the owners of Tootsie’s Orchid Lounge, Honky Tonk Central and Kid Rock’s establishments, who called Cooper’s orders “unconstitutional”, as they vowed to remain open until Governor Bill Lee issues a statewide mandate.

Nashville’s Downtown Merchant Association responded to the rise of unconstitutional orders across the country, in part, with the following statement: “We are compassionate with those who have contracted the COVID-19 coronavirus and all who are helping manage the crisis as the entire world addresses the outbreak. However, a Tootsie’s patron as immediate as last night, mentioned having lived through the polio epidemic and didn’t recall such extreme measures being handed down in history.”

In one breath the government tells us all to stay home for two weeks, and in another they disingenuously claim there isn’t any reason to hoard anything. But just how are Americans then expected to survive, if they don’t stock up for what could extend into eight weeks or longer?

Political posturing is the rule today in our polarized country, as politicians go through the motions of a contrived COVID-19 crisis. Political concerns seem to be more important than what is the best course for everybody’s health and finances, in their fear that a refusal to shut the nation down will result in blame for every death being blamed on their political inaction. And there will be a steep price to be paid, at the expense of our individual liberty.

Nobody really knows how deep and harsh this will get, and just maybe those who do have an inkling aren’t sayin’, but it goes without saying that a good deal of disorder will come of this ordeal. One must wonder what America looks like in the aftermath, once all the dust has settled.

Former Congressman and Presidential candidate, Ron Paul, wrote the following on March 16th: “Governments love crises because when the people are fearful they are more willing to give up their freedoms for promises that the government will take care of them. After 9/11, for example, Americans accepted the near-total destruction of their civil liberties in the PATRIOT Act’s hollow promises of security.

It is ironic to see the same Democrats who tried to impeach President Trump last month for abuse of power demanding that the administration grab more power and authority in the name of fighting a virus that thus far has killed less than 100 Americans.”

Our Constitutional Rights have steadily been attacked and eroded for decades now, but especially so with the PATRIOT Act and the FISA Reauthorization Act, but if anyone thinks the U.S. federal government has trashed their rights, just wait. The worse is yet to come.

Every current action being taken by Congress is to save Wall Street and the mega-corporations who control it, while President Trump and his administration follow the exact same playbook from the 2008 economic collapse, as the average Americans lose jobs and watch their 401k portfolios wiped out for the third time in the last two decades. Main Street is once again getting the worse end of any deals coming out of current legislation, as the Zero Interest Rate Policy harms senior citizens’ retirement funds, while the propaganda from the media continues to move the most ignorant masses within the nation to beg the government, their “Keepers”, to save their lives. Critical thinking Americans have already concluded that their elected and unelected government officials — so-called “leaders” — have once again proven themselves to be incompetent, corrupt and evil.

More than any threat from any virus, Americans should worry for the cause of liberty in our country, as we see our government evolving into a thing far too willing to take control over every segment of our lives and imprison us, if we do not comply with their fiats and diktats. Liberty faces a very real threat from the socialists and communists of the Democratic Party, who urge a far too willing President Trump for more dictatorial measures in the face of a manufactured crisis, as the CDC pulls the wool over the nation’s eyes and our massive debt seems poised to come crashing down like an avalanche, while the Federal Reserve continues to act like a whore for the Wall Street bankers; and, in the meantime, the nation is mere steps away from military vehicles patrolling our streets threatening citizens with arrest or death, once the current social order begins to be swept away, as decades of thievery, corruption, lies and corporate fascism come crashing down. And, if America is still strong enough to face the gravest of consequences, the wheat will be separated from the chaff and those proponents of truth, life and liberty will pick up the pieces and determine the future of this America I love so well.

By Justin O. Smith

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Edited by John R. Houk

Embedded links and text embraced by brackets are by the Editor.

© Justin O. Smith

America’s Economy at the 11th Hour

Republicans tend to report to constituents on the economy as look at we are doing now and Dems report on the economy in terms imagine how your life will be when we manage the economy. Neither the GOP nor the Dems look at current economic warning signs with the lens of history and potential disastrous future economic outcomes. Conservatives looking past the “now” view current tendencies coupled with past mistakes potentially leading to future economic disaster.

I don’t see policy changes from either Republicans or Dems, but I do see political exploitation from both sides to extract political votes to control government. So I wonder … What is your best Liberty position under whoever succeeds in a government-tyranny of the majority election?

I certainly don’t want to live under a government that tells me how to live, think and believe (ahem Dems). I will not be pleased living free but wondering about my well-being in nourishment and quality of economic life (ahem Republicans). Is there a third path of Liberty and well-being for an American to vote? Unfortunately not in today’s viable political choices. In my opinion that MUST CHANGE. Until then, I’m voting President Trump for the best possible Liberty in November 2020.

JRH 11/19/19

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America’s Economy at the 11th Hour

America’s Economic House of Cards – America’s Economy Pushed Beyond Reality

By Justin O. Smith

Sent 11/17/2019 10:43 PM

“We are living in a system of the banks, by the banks and for the banks, and that is the reality …..” ~ G. Edward Griffin, author of ‘The Creature from Jekyll Island’

“The Best Economy Evah” is the constant mantra we hear from the Trump economic experts and Larry Kudlow, President Trump’s Director of the National Economic Council, and yet, it is hard to ignore the warning signs that something isn’t quite right with this economy. Despite unemployment purportedly at an all-time low and the stock market riding high, the Federal Reserve Bank is still printing between $80 to $100 billion a day, after stating two months ago that this action was only going to be necessary for a few weeks, as they increase their own balance sheets by $200 billion since September, through Quantitative Easing on steroids, and more rapidly than they did at the height of the 2008 economic crisis when the amount of dollars in circulation doubled from $880 billion to $1.76 trillion.

The mainstream media and investors tend to focus on these statistics, despite the manner that allows them to be most usually and easily manipulated. If one points to the recent collapses in some sectors of manufacturing or the explosion in consumer and corporate debt, the ready retort is always “But the stock market is at an all-time high”. The average person ignores the fact that stock markets are meaningless trailing indicators, and they also ignore the fallacies surrounding the GDP numbers and the tens of millions of jobless people not included in the unemployment numbers, for any number of reasons.

The Federal Reserve repossession market purchases continue to run in high demand, and this in turn has tightened corporate cash flows to a near standstill. We saw something quite similar just before the credit crisis hit in 2008.

The recent increase in consumer spending is also deceptive, since it doesn’t necessarily indicate people are buying more goods or have more disposable income. If one views the steep declines in traffic and goods shipped via the trucking and railroad freight systems, it becomes more readily apparent that we are in the throes of inflation, as the cost of living increases and the people spend more on the same amount of goods, being bled dry along the way.

The Federal Reserve has cut interest rates three times this year, including the 0.25 percent cut at the end of October. Federal Reserve Chairman, Jerome Powell, noted this move was made to “provide some insurance against ongoing risks”.

These are actions taken by a central bank when an economy is weak.

The Federal Reserve’s decisions directly affect the prices of everything on the planet, because the U.S. dollar is the world’s dominant reserve currency, dictating one’s salary, interest rates on loans, home values and all other assets, goods and services. They recently acknowledged they were in uncharted waters.

On November 13th 2019, Jerome Powell told Congress that economic conditions are totally unprecedented, and he added that his committee has “significant humility” because so many of their basic assumptions have been wrong. He also stated that the Fed was attempting measures that have never been previously attempted, in order to correct and balance the economy.

America’s most vulnerable people today are the fifty-three million workers, forty-four percent of the workforce between the ages of 18 and 64, considered low-wage and low-skilled workers. And according to a Brookings Institution report, most of these people make considerably less than $11.00 an hour, and they are stuck in an economy where short term contracts and freelance work are prevalent and permanent jobs are not as plentiful as advertised by political rhetoric, with median annual earnings of only $17,950.

An overwhelming number of these people currently find themselves unable to pay their loans, whether those are for cars, college tuition or credit card debt. They will be hit hardest during the next recession.

Looking at the “Big Picture”, the federal government’s October budget deficit has the U.S. on track to a one trillion dollar deficit, possibly larger, in fiscal 2020, largely due to the penchant Democrats and Republicans alike have for out-of-control spending. Our budget deficits began rising again in 2016 and have risen for four straight years, and a combination of tax cuts and spending is pushing the deficit to take five percent of our Gross Domestic Product, by next September, topping $1 trillion for the first time since 2012. For the first time in history, deficits topped $1 trillion each year from 2008 to 2012, in the aftermath of the Great Recession.

And this also ignores the manipulation of the GDP numbers. Fancy accounting omits taxpayer dollar expenditures on inflated programs and Obamacare, and according to many experts, the U.S. GDP is actually in the negative. However, even government figures show official GDP growth in decline at 1.9 percent and below the projected three percent growth for this year.

Massive U.S. consumer debt, both government and private, now totals over $14 trillion, with our national debt at $22 trillion, and this places tremendous pressure on the Federal Reserve to keep interest rates low and even experiment with negative rates; however, the Federal Reserve can only keep the price of money artificially low for so long without serious consequences. And in the meantime, it is in a panic to prevent an economic crisis more severe and catastrophic than seen in 2008.

Very similar to the insider buying schemes that centered on the 1929 stock market crash, in recent history, the money elites are still prone to engineer economic disasters while deliberately hiding the real statistics from the public, in order to benefit from their insider knowledge and pick stocks up for pennies on the dollar, a federal crime by the way that they seem willing to commit with abandon. They also use economic crises, such as the one impending, to change the power structure in the nation, or the world, just as FDR did through the New Deal, something that may not have been created otherwise.

It’s either this, or some of them truly believe the answer lies in doing more of the same, by once again pumping trillions into the banking sector as was done in 2008 to 2012, freeing even more lines of credit. Essentially, it seems as though some may really believe in Keynesian economics and the notion that an economy can be grown and expanded through more debt, thus saving the system and America from suffering.

More often now, in an attempt to stave off the approaching catastrophe, America hears bankers advocating for universal incomes and making way for “green deal” investments and many different short and long term economic stimulus packages, while the global and U.S. economy are slowing and grinding to a halt. The Federal Reserve sees the only solution as doing more of the same by way of various forms of Quantitative Easing, in order to avoid riots in the street.

I’m no prophet of doom, but I do believe in taking a realistic look at all matters, including our economy. If our economy is not on the verge of collapse, why has the Federal Reserve, the central bank, been buttressing it for the past decade? How much longer can the Federal Reserve continue this practice and how much longer do they actually want to do so? What if allowing the entire house of cards to fall benefits them, just as it has in past similar situations?

Currently the top ten percent of Americans are living large, prospering greatly from the Federal Reserve’s government bubble scheme and President Trump’s stock market pumping on Twitter, and they have amassed hard assets in gold, silver, real estate, factories, tools and food supplies, with the certain knowledge that everything based on paper and debt will collapse soon. They will pick everything up for pennies on the dollar, just like 1929 all over again.

They know it’s on the way, the collapse. So, what is the Big Plan of the Bankers?

Our central bank and its owners see the U.S. financial system once again on the verge of collapse and a system of inflation that cannot be sustained forever, since all systems of exponential growth are always doomed to collapse. Our system entered the surreal whenever it started working with numbers in the trillions, just as Elizabeth Warren, Democratic Presidential candidate, easily and nonchalantly as though it were nothing, bandied about a $52 trillion number to front her agenda if elected, and America is at the breaking point as She is being purposefully pushed beyond reality.

The Federal Reserve Bank and its private concerns and board members understand the dynamics better than anybody, so they must believe the end to be near, along with those of us paying attention, who can very nearly see and touch the coming end. And on the last day, the Big Banker Bandits will grab all they can in their desire to safeguard their own financial situation and be secure, as hell unfolds for everyone else; so in the meantime, they are going for broke, because they know the system is broken and little remains to fix it.

The only real fix will come whenever America returns to a truly free capitalist economic system, unseen in America since 1913 and even less so after FDR’s New Deal hit the government. And, as our artificial economy continues to fail and the wealth inequality gap swells, America finds Herself at the 11th hour and an awakening that will ignite the auto-correction of our system and the wealth inequality imbalance, along with major protests in the streets of our largest cities, much like we now see in Chile and elsewhere, and a revolution focused on eradicating the Federal Reserve Bank and arresting and prosecuting those un-elected officials who have raped, pillaged and ruined the U.S. economy, enriching themselves at the expense of most of America.

By Justin O. Smith

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I got this message from Fascistbook (11/13/19):

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Edited by John R. Houk

Justin Smith and the Editor provide source links.

© Justin O. Smith

Trump-Pelosi Budget and Fiscal Sabotage

I have to be honest. Working with the reality of numbers often hurts my brain. I’m not good at. Justin Smith seems to have a great grasp of number realities when it comes to deficit spending, the National Debt, Gross Domestic Product and the need of a Balanced Budget.

Justin is displeased with the results of the Trump Administration/Pelosi budget agreement and urges a Presidential veto. No matter how much the numbers are painful, the inevitable result will be catastrophic if this Federal accounting disparities continue.

However, the realities of America’s political divide demonstrated by near even splits of opposing ideologies in Congress means neither the Socialists nor the fiscal Conservatives will get what they want. Perhaps an idiotic budget compromise keeps the government operating rather than frozen. EVEN THOUGH it’s doom and gloom, if voters DO NOT opt soon for fiscal responsibility a national catastrophe will occur.

Trump’s hands are tied by political realities, if voters want a different outcome untie divisive politics – OR ELSE.

JRH 7/26/19

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Trump-Pelosi Budget and Fiscal Sabotage

A Coward’s Financial Agreement

By Justin O. Smith

Sent 7/25/2019 7:06 PM

A coward’s financial agreement is the phrase that best describes the budget deal recently agreed upon by President Trump and Speaker Nancy Pelosi, that just passed the House with a vote of 284 to 149 at 2:14 CST on July 25th, since it avoids any real battle over government spending by suspending the debt ceiling until July 2021. It raises spending caps and lifts the debt ceiling in the name of avoiding a fiscal crisis, but in reality and ignoring any lessons from 2008, this explodes U.S. debt in a way never seen in U.S. history, and it exhibits President Trump’s willingness to meekly surrender to another massive expansion of the federal budget, that creates a short term political “win” for the DC Establishment of both parties and a long term loss for the American people.

This deal received 65 Republican votes, and it spends $2.7 trillion over the next two years. It commits President Trump to signing spending bills that add $320 billion above spending limits set in a 2011 agreement that established automatic spending cuts. This Pelosi Dream Deal also says there will be absolutely no limit on how much new debt the federal government can accumulate between now and July 31rst 2021.

The Washington Post was absolutely correct, when it recently wrote that the budget and debt deal would not contain actual spending cuts, since the $150 billion in new spending cuts demanded by White House budget director Russell Vought soon materialized as only [about] 70 billion in actual cuts, that don’t go in effect for ten years and are likely to be reversed by Congress at a later date. This marks a retreat for the White House.

Reported by the Wall Street Journal, Maya MacGuineas, president of the Committee for a Responsible Federal Budget, stated on July 22nd: “This deal would amount to nothing short of fiscal sabotage.” [Blog Editor: I found quote at USA Today]

And yet, rather than debate the most serious issue of the day and seek real solutions, the cowards of both parties hid behind “bipartisanship”, in an erroneous, corrupt and wrong-minded fashion, and cooperated to serve their own personal political interests, as DC’s supposed “elite” elected class.

Our current National Debt Ratio to the Gross Domestic Product has averaged right at 100 percent, between 2010 and the present. This is even higher than the 94 percent [average] the nation saw between 1944 and 1950.

Incredibly, the federal government spent $3,355,970,000,000, in the first nine months of this fiscal year, while running a $747,115,000,000 deficit. President Trump’s Treasury is currently issuing U.S. dollars faster than it did in fiscal 2009 — even when adjusted for inflation — when President Bush signed the bailout legislation for failing banks and President Obama signed a Stimulus bill focused on ending our economic recession.

Noted by The Hill, grave concerns on the economy were expressed by the Congressional Budget Office on July 23^rd [Blog Editor: I could not confirm a 7/23/19 date, the links in thos paragraph relate to a 6/25/19 date], and the CBO wrote in its budget projection that U.S debt is on track to increase from 78 percent of the GDP to an “unsustainable” level of 144 percent of the GDP over the next thirty years, even if spending caps aren’t lifted and taxes are raised. Now, with the passage of this bill, we are on track to see the debt rise to 219 percent of the GDP, unless President Trump can be persuaded to send the bill back with a demand that more actual spending cuts must be made.

Representative Chip Roy (R-TX) was upset with President Trump for negotiating through Treasury Secretary Steve Mnuchin, rather than Office of Management and Budget Director Russell Vought. As reported by the Wall Street Journal, Roy exclaimed, “The president should be listening to (White House Chief of Staff) Mick Mulvaney and Russ Vought, and he should not be listening to Steven Mnuchin, period.” Roy added that “Senate Republicans will never find a corner where they can go and hide”, implying that Senate Republicans are untrustworthy regarding fiscal responsibility.

Once consumed by fiscal worries, this coward’s agreement is one more sign that makes it more than clear, both houses of Congress and both the Democratic Party and the Republican Party have become Big Spenders, and Congress is no longer concerned about the extent of the budget deficits or the debt they add. The DC Establishment no longer cares, even as our national debt hits one trillion annually and rapidly approaches $23 trillion.

According to the Washington Post, Senate Majority Leader Mitch McConnell (R-KY) recently stated: “Nobody has lost an election by spending too much money”, in regard to Chief of Staff Mick Mulvaney’s effort to pay for the spending deal.

After the last massive spending deal, President Trump vowed never to sign another one. And yet, here he is again, at the ready and far too willing. He just keeps confirming to the American people that he really is a Big Government Guy and a Big Spender.

Today, America barely hears any objections over the exorbitant debt. When Trump campaigned in 2016, he bragged about his ability to prosper from his own debt. He told CNN, on May 4th 2016: “I’m the king of debt. I love debt.” … adding the next day … “if the economy crashed, you could make a deal … if the economy was good, it was good … you can’t lose.”

But that’s not just the reality of matters for most Americans who live paycheck to paycheck, and it is just not smart for anyone or any nation to accumulate debt; at some point another bubble will burst in our economy, since Wall Street hasn’t stopped any of the bad business practices that caused the 2008 crisis. And, an economic collapse of 2008 magnitude will pale in comparison to the coming economic catastrophe that deals such as this one are sure to create. Most of our national debt has been monetized, and any bailout for the American people will be virtually non-existent.

Niall Ferguson, senior fellow at Stanford University’s Hoover Institute, has warned that empires fall when interest on their debt equals what they spend on defense. According to the Office of Management and Budget, this will happen around 2024. If interest rates increase, it could arrive much sooner.

Unfortunately, America is currently a nation focused on instant gratification, selfishness and greed, and seems oblivious to the dangerous path it is on. Whether or not the nation can afford all the current government benefits, plus the desired additional costs of free university educations and free healthcare for all, and even though our credit card is maxed out, Americans seem intent on voting for politicians who promise to borrow money to give them what they want.

Everyone would do well to recall that in Psalm 37:21 it says, “The wicked borroweth, and payeth not again: but the righteous sheweth mercy, and giveth.”

Noting that Congress’s out-of-control spending “is ripping off the American family”, former Congressman Dave Brat recently delivered the following observation to Tony Perkins at Washington Watch, as he looked across the Atlantic: “There’s evidence you can be pathetic for a long time. And the evidence is called Europe. … eventually … debt will impinge on your economic growth rate as it has been. And what’s really missed in the point is it’s intergenerational theft. And I mean that quite literally. We are stealing from our kids and the next generation to the extent that our deficit is $1 trillion. We’re spending $1 trillion and getting the goods from it right now — and the kids are going to have to pay for [everything] we’re consuming. And so it is literally theft. So they’re going to have to work hard, pay their taxes, get tax increases, pay off the debt, and pay all their own personal bills for our runaway spending binge.”

America has embraced reckless spending and She doesn’t even pretend to repay what She owes. She incurs more debt daily at an unprecedented rate and most of Her current leaders do not acknowledge that this is even a problem. And so, if our leaders have one shred of human decency and honesty, of a personal or intellectual kind, rather than pander for votes, their bipartisan action should warrant a majority of both parties to end this deal and move forward on a deal that truly cuts all unnecessary spending, or President Trump must reconsider this deal and veto it, rather than continue on a path that watches our deficit soar and attacks our nation’s solvency and the future prosperity of America.

By Justin O. Smith

______________________

Edited by John R. Houk

Source links and text embraced by brackets are by the Editor.

© Justin O. Smith

Intro to ‘If This Is “Representation” Give Me Rebellion’

Intro by John R. Houk, Editor

By Justin O. Smith

Posted March 26, 2018

After President Trump signed the 2,000-plus page HR 1625 omnibus bill, America’s Conservative base screamed betrayal. For good reason: The bill appeared to give the Marxist Dems everything they desired with the non-Establishment GOP receiving scraps (or perhaps crumbs in Pelosi terminology).

This is good reasoning for Conservative outrage!

On a personal level though, despite the Leftists spoils going to the Dems (and those the spoils are legion as you will read from Justin Smith), the YUGE Omnibus Bill was also the largest military budget Bill in American history. The military spending purpose was more than merely reversing Obama’s military dismemberment. The money was needed to modernize the American military to regain steps over the leaps taken by Russian and Chinese military modernizations to overcome current American weapons technology. This is ESSENTIAL!

Due to the purpose of military spending I’m not quite as hot against President Trump as many – perhaps most – of my fellow Conservatives. In a Congress that has no super majority for the GOP (especially the Senate), the only way to get and keep government moving on a Conservative agenda is to make some painful concessions. The problem with HR 1625 way too many concessions were made that give the appearance of Conservative diminishment.

Justin sent this insightful post on the Omnibus package on March 24. I have since come across some info that may temper Justin’s and Conservatives’ anger a bit. The President has hinted via his favorite path to communicate with Americans – a tweet – that he will build The Wall with the Defense Budget allocation. Thomas Lifson at the American Thinker illustrates how this is possible.

Unfortunately, the President hasn’t addressed some of the other Omnibus egregious pork such as funding ungodly Planned Parenthood is one of probably many examples.

Without further ado, here is Justin’s very valid reasons for displeasure with President Trump’s signature on HR 1625.

JRH 3/26/18

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If This Is “Representation” Give Me Rebellion

By Justin O. Smith

Sent: 3/24/2018 3:01 PM

As I listen to President Trump on his action of signing the current Omnibus bill, I am left with no other conclusion than he is really not as strong a leader as many seem to believe him to be. He signed this terrible $1.3 trillion bill for all the wrong reasons and lamented its exclusion of terrible other items, like DACA, but nowhere did he castigate these do-nothing “leaders” for adding a bad gun control act called “NICS“; this Omnibus bill is all smoke and mirrors and the 33 miles of added funding for border fencing is just that – a fence [barely], not a wall.

This bill continues to fund Planned Parenthood too. — Oh — And Sanctuary Cities Too. Really? What happened to all Trump’s talk about “defunding” sanctuary cities?

And how many more times are we going to provide border wall funding only to see a lesser plan offered and implemented for less money and the appropriated money simply disappear? Into someone’s pockets? Especially now that we see this bill provides funding to secure the borders of Afghanistan and Iraq.

Trump should have refused to sign this bill and let the chips fall where they may, but he’s terrible when it comes to policy on funding government and many other items. If Trump had not signed the bill, any government shutdown would not have stopped the military from functioning. Since the military is considered an “essential” function, i.e. halting its operations could result in fatalities or impede national security, it will continue to operate regardless of whether or not the government shuts down; military spending would have been addressed soon enough, once Congress returned with a cleaner bill.

Whose side is the GOP really on and when are they going to start keeping their promises? This is not REPRESENTATION. THIS Is A PERPETUAL CON GAME BEING RUN ON THE U.S. TAXPAYER AND THE AMERICAN PEOPLE.

Trump says, “I’ll Never Sign Another Bill Like This One” … Wanna bet?

It still doesn’t assuage or change the fact that some other very bad permanent pieces of legislation rode in on the tail end of this bill. That’s what happens when the Senate reverts back to pork spending legislation and why Trump is now asking for line-by-line veto authority from Congress, which was “ruled” unconstitutional in 1998, by the Supreme Court during the Clinton presidency.

This is also the same sort of bill that allows for funds to be easily shifted and misappropriated in the most corrupt fashion, just like Obama, because there is No Budget and these are only “spending suggestions”. This makes this entire thing end up as one great big $1.3 trillion slush fund (the largest in U.S. history)— more abuse of the U.S. taxpayer.

Who’s going to account for it? The GAO? The Big Govt. commie Democrats and statist RINOS? HA!

Whatever the structure of this bill, it is certain and known that bills were attached, like the NICS Act [Blog Editor: See Heritage post subsection “Includes the Fix NICS Act”], a piece of leftist gun control, that Did Become PERMANENT U.S. Law now to be fully employed and implemented against U.S. Citizens. Congress even gave itself a raise and that’s Permanent and doesn’t go away in six months.

This was 2,232 pages that NOT ONE SENATOR READ, except for Senator Rand Paul. This is the stuff that SWAMPS ARE MADE OF and the very sort of thing that Trump was elected to END.

If this is what we are paying for folks, You’d be better off to break out the axes, knives and pitchforks on the front steps of the Capitol Building in DC and have a good tar and feather party for the criminal pigs and traitors to their oaths to the Constitution and America.

Trump called this a matter of national security because of the military spending involved, which is just wrong. The real national security issue at hand is that this takes us one step closer to another massive economic collapse, greater than 1929 or 2008 either one. What are they going to do when this actually happens, because they refuse to control the federal government’s out-of-control spending?

Daniel Horowitz of ‘Conservative Review’ writes: “Taken in totality, this bill validates, legitimizes, and codifies the world view of the Democrats, only with slightly less enthusiasm. Which is why the Democrats are crushing Republicans in turnout so far this election season. This bill will essentially end Republican control of Congress.”

This bill is conclusive evidence that House and Senate Republicans are whistling by the political graveyard, because they seem to be unaware that the content and means they used to pass this bill will turn off their base.

This is the bottom line: If you are a conservative voter and your party just passed a bill that funds a number of liberal priorities while busting the budget, would you bother to knock on doors for them this fall? Nope.

This Omnibus bill doesn’t bode well for the future of America. It appears conservative values are dead in our government, as all the GOP pays them lip service and then promptly ignores them in their votes. This is pushing middle America into an untenable position where rebellion, in some form or fashion, in the not too distant future, begins to look like an appealing choice, unless Americans start electing real conservative Constitutional minded Statesmen of honor, who will restore traditional American principles and values, and the American Heritage, under the Original Intent of Our Founders. [Bold text by Blog Editor]

By Justin O. Smith

__________________________

Intro to ‘If This Is “Representation” Give Me Rebellion’

Intro by John R. Houk, Editor

By Justin O. Smith

Posted March 26, 2018

_____________________

If This Is “Representation” Give Me Rebellion

Edited by John R. Houk

All source links as well as text enclosed by brackets are by the Editor.

© Justin O. Smith

The Seeds of WWIII are in Play NOW

John R. Houk

© March 26, 2015

This is actually one of those hooks to get you excited about purchasing investment advice. That is not the reason for me posting. My hook was on the Conspiracy Theory title that incorporated the insinuation Russia and China would initiate a global economic collapse to the tune of $100 TRILLION of bucks. In case you are unaware, you don’t have to be a brainiac economist to comprehend that affects your pocket book and mine.

As an advice ad the offer ends on March 27. So unless you are an investor and trust the reputation of Mike Ward, you might want to hold up in participating in the hype. But what you want to be aware of is that Russia and China are NOT friendly economic competitors with the USA. I would even go so far as to say the ex-Communist Russia and the present Communist China are enemies of the United States of America.

America has a trade interest in both Russia and China (especially China). Ergo being enemies of America is a bit of a stealth nefariousness – at least in a public sense. Conspiracy Theorists, legitimate economists and National Security have been red flagging those two nations for years but for the most part the U.S. government has not really chastised the two rivals to America.

A quiet new Cold War is going on yet all nations involved are willing to embark with trade with the hopes of the economic benefits financially and economically continue.

It may sound a bit off the subject which I just began, but Muslim nations and Muslims devoted to a literal purity of Islam’s Quran are playing into this Russia-China vs. USA rivalry. Muslim nations are lining those three nations to decide which ones will benefit their National Interest and in a lot of circumstances their theopolitical world view. Syria’s Iran-supported civil war, Iraq’s war with ISIS-Daesh in which Shia-Iran is now heavily involved and Saudi Arabian economics and regional conflict with Iran and a growing lack of Saudi trust in Obama-led America in regard to oil-military alliance protection and Israel and undoubtedly more and more:

Arab nations agree on unified military force amid Yemen fighting, Egyptian TV reports (Jerusalem Post 3/26/15)

CAIRO – Arab foreign ministers agreed a draft resolution on Thursday to form a unified military force, the Arab League’s secretary general said at a meeting in Egypt.

The agreement came after warplanes from Saudi Arabia and Arab allies struck Shi’ite Muslim rebels fighting to oust Yemen’s president on Thursday, in a major gamble by the world’s top oil exporter to check Iranian influence in its backyard without direct military backing from Washington.

“The Arab … ministers agreed on adopting an important principle, which is forming the unified Arab military force,” Nabil Elaraby told reporters after the meeting in the resort of Sharm El-Sheik.

“The task of the force will be rapid military intervention to deal with security threats to Arab nations,” Elaraby added.

The draft resolution will be referred to the Arab leaders during their March 28-29 summit in Egypt.

Egyptian TV reported earlier that … READ THE REST

With Yemen in turmoil, Egypt sends warships to secure Gulf of Aden (YnetNews.com 3/26/15)

Sudan pledges air and ground troops to Saudi-led strikes on Yemen; Kerry offers logistics, intelligence support in Yemen as Iran-backed Houthi rebels advance on the Strait of Bab-el-Mandeb.

Egypt and Sudan on Thursday pledged support for the Saudi-led strikes on Iran’s Yemen allies the Houthis, even as four Egyptian naval vessels crossed the Suez Canal en route to Yemen to secure the Gulf of Aden.

Maritime sources at the Suez Canal confirmed the vessels’ route, saying they expected them to reach the Red Sea by Thursday evening.

Sudan’s Defense Minister Abdel Raheem Mohammed Hussein told reporters on Thursday that his country would take part “with air and ground troops in the Decisive Storm operations” against the Houthi rebels, saying Sudanese forces had begun “mechanical movements” towards the area of operations.

US Secretary of State John Kerry spoke with the foreign ministers of Saudi Arabia and other Gulf Cooperation Council members on Thursday and welcomed their decision to take action against the Houthi, a senior US official said.

“He commended the work of the coalition taking military action against the Houthis and noted the United States’ support for those coalition efforts – including … READ THE REST

As US lets Yemen fall, Israeli ire pales next to Arab fury (Times of Israel 3/26/15)

Jerusalem is worried by the Iran-backed Houthi takeover of Aden, but Saudi Arabia is burning with anger, and not at Tehran

A few months ago, when Yemen’s Houthi uprising was still in its infancy, Israel was already worriedly watching over the progress of rebel forces making advances in the peninsula

It’s little surprise the group got Jerusalem’s attention. In almost every demonstration held by Houthis in recent months, the slogans heard may as well have been taken straight out of the 1979 Islamic Revolution in Iran: “Death to America, death to Israel, curse the Jews, victory to Islam.”

The Houthi Zaidiyyahs belong to a Shia school of Islamic thought which is distinct from the beliefs held by Shiites in Iran, but they act in accordance with the regime in Tehran, which supplies the Yemenite rebels with advanced equipment that allows them to wage battle on the forces of President Abed Rabbo Mansour Hadi.

…

Firstly, an Iranian takeover of the strategic Bab el Mandeb Strait and the possibility of a Israeli ships coming under fire with no one officially taking responsibility for such attacks would not bode well for the Jewish state.

But aside from the threat of assaults on ships, the Iranian-Houthi takeover of Yemen raises another serious concern for Israel, namely, the potential rising influence of Iran in the region, which … READ THE REST

Beware ISIS strategy that fortifies Russia, Iran, and Syria (Washington Times 3/2/15)

In asking Congress to authorize the use of military force against Islamic State militants, President Obama stressed the importance of showing the world “we are united in our resolve.” Demonstration of united resolve against blood-thirsty terrorists whose ranks, ambitions and territory have grown exponentially is important. But forging strategy to battle ISIS without also forging strategy to thwart Syria, Russia and Iran is a terrible mistake.

Although the President now highlights the brutality and aggression of the Islamic State, he still whitewashes the brutality and aggression of established states Syria, Russia and Iran, and still ignores the need for grand strategy to deal with them. When nation-states escalate weapons programs, enact egregious human rights violations, foment regional chaos and war, and plot against the United States and its allies, history tells us to take it seriously.

We must, therefore, take Iran, Russia and Syria, and the collusion between them, seriously. With the apparatus of the state at their disposal and the backing of each other, they are, potentially, an even greater threat to the “free world” than ISIS. Because they are terror sponsors and supporters, WMD in their control means WMD out of control, susceptible to … READ THE REST

DIA: Islamic State Spreading Beyond Syria and Iraq (Washington Free Beacon 2/3/15)

The ultra-violent Islamic State terrorist group is expanding beyond Syria and Iraq and is establishing a foothold in Libya, which is becoming a safe haven for terrorists, the nation’s top military intelligence official told Congress Tuesday.

China, meanwhile, is deploying its aircraft carrier-killing DF-21D missile, and Russia is significantly expanding its strategic nuclear forces with new missiles, Marine Corps Lt. Gen. Vincent Stewart said in testimony to House Armed Services Committee on global threats.

Stewart presented a dire picture of growing threats in Iraq and Afghanistan—where national forces remain unable to defend their countries without foreign assistance, despite billions of U.S. dollars in support and training.

The growing threats posed by China, Russia, Iran, and North Korea are being made more difficult to deal with because of cuts in U.S. defense spending, Stewart said in … READ THE REST

After highlighting what I feel are the beginnings of WWIII you can now read the Mike Ward email that started my musings on the probable war adversaries and the tinder that will undoubtedly lead to global war. Apart from the Russia-China hook involved here the information available here is to entice to purchase a money making program called the Project Prophecy 2.0 Wealth System. The system is supposed to help you survive a global collapse inspired Russia and China to push America out as the global standard for monetary solvency.

In email portion there are about three links that will lead to a 45 minute infomercial which you can skip by reading the portion by Jim Rikards which promotes that which the video promotes.

JRH 3/26/15

Please Support NCCR

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Russia and China could Start $100 Trillion Collapse (CIA Intel Warns)

By Mike Ward

Email ad Sent by: Total Conservative

Sent: 3/24/2015 8:57 AM

Details are beginning to emerge concerning a secret attack on the U.S. economy being carried out by both the Chinese and Russian governments.

To this point, the media has kept the American people in the dark about everything.

In a shocking video, the CIA’s Financial Threat and Asymmetric Warfare Advisor has revealed we were able to fend off the first wave of this dangerous assault. But it was a close call.

However, he and many of the highest-ranking members of the U.S. Intelligence Community are now stepping forward because they fear this could quickly escalate into something terrifying.

All 16 intelligence agencies have officially released a single report that warns this situation has grown so dangerous, we could suffer “a worldwide economic collapse” that would cast us into “an extended period of global anarchy.”

(You can view their official release here)

And some of the world’s richest investors appear to be rushing to prepare for this frightening scenario.

Warren Buffett has now taken $55 billion of Berkshire Hathaway capital out of the markets. And George Soros has moved 16% of his net worth into a short position that shields him from an imminent Wall Street collapse.

It’s critical you understand what’s developing, because millions of Americans could soon be blindsided by a historic $100 trillion financial catastrophe…

Click here to continue reading …

Stay Safe,

Mike Ward
Publisher, Money Morning

++++++++++++++++++++

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By Jim Rikards

MoneyMapPress.com

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(Until March 27, 2015)

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I’m Jim Rickards, and I want to thank you for viewing my video today.

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This is more but it relates to the actual purchase via credit card….

If you are an investor the offer in this ad to date is only available until March 27, 2015 – As to this post, that is tomorrow.

_________________________________

The Seeds of WWIII are in Play NOW

John R. Houk

© March 26, 2015

___________________________________

Russia and China could Start $100 Trillion Collapse (CIA Intel Warns)

About Money Morning and HERE

Edited by John R. Houk

Free Thinking People are the Miracle of the USA!!!!!!!!!!

Tony Newbill has not sent me a good Conspiracy Theory article for some time; however he delivered one to me in the form of a comment to a post entitled, “IRS has become Political Abusive Attack Dog”. Newbill’s comment had nothing to do with the post. My post was about IRS corruption as an attack dog for Obama and focused on the unconstitutional seizure of Carole Hinders assets because her cash only business made bank deposits that was just short of $10,000.00 mandatory bank reporting of any deposit greater than that number. The only thing the post had in common with the Newbill comment is the force of the power of government upon We-the-People Americans to be molded to the whims of a Leftist government.

Tony Newbill has long contended that cures for catastrophic illnesses such as cancer has long been available; HOWEVER the cure is never addressed because there is no profit in cure. There is profit in repeat customers; hence pharmaceutical companies invest time and money into drugs that are balancing with only a chance of overcoming a catastrophic illness.

I am a proponent of Capitalism; however this kind of Capitalism is the dark side. Honestly I have not watched the nearly two-hour documentary shared by Newbill. If you join Newbill in the outrage of covering up for profit watch it – perhaps in pieces at a time.

Then Newbill sources an article by Mac Slavo located at D.C. Clothesline exposing the Leftist paradigm to place the USA into such debt that a dictatorship might be accepted by the people to usher in a new era – Obama’s Fundamental Transformation of society.

Then Newbill posts a Youtube video of Greg Hunter interviewing Egon von Greyerz, Founder of Matterhorn Asset Management. Von Greyerz talks about how printing money to uphold markets will eventually collapse a government’s economy.

JRH 11/17/14

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Free Thinking People are the Miracle of the USA!!!!!!!!!!

By Tony Newbill

November 1, 2014 8:55 AM

VIDEO: CANCER IS CURABLE NOW FULL LENGTH DOCUMENTARY [1:53:54]

Published by NATURALLY BETTER

Published: Jul 25, 2014

DON’T DIE FROM IGNORANCE

FOR MORE INFORMATION OR TO JOIN OUR NEWSLETTER/BLOG FOR GROUNDBREAKING REA HEALTH NEWS & DEALS GO TO www.themiraclesupplement.com [Blog Editor: This is a marketing link]

Here we see what GREED and POWER TO KEEP THAT GREED GOING DOES!!!!!!!!

The fundamental transformation to a Peaceful result of totalitarianism was the plan by the elite and why they put Obama up, they thought he could sway the public to peacefully accept a dictatorship that would flip an economic train wreck into a new era. This explains why? ….. It Will Take 6.25 BILLION “Man Years” To Pay-Off Federal Government Liabilities: “A Mathematical Impossibility”.

http://www.dcclothesline.com/2014/11/01/will-take-6-25-billion-man-years-pay-federal-government-liabilities-mathematical-impossibility/

We often hear government officials and mainstream financial pundits throwing around numbers like a billion or trillion. To most Americans these numbers are indiscernible. They are so incredibly enormous that we can’t even imagine what one billion dollars actually looks like, let alone what it takes to generate such capital. And a trillion, or better yet, the $17.9 Trillion that is our national debt? Forget about it! That’s so much money that we’re talking piles of cash the size of skyscrapers.

PHOTO – US Debt Ceiling Visualization 2.013

(Via Demonocracy.info)

But even a visualization like this makes it difficult to understand how much money this actually is.

Ann Barnhardt, who in 2011 shut the doors to her investment firm and urged her clients to withdraw their money from all markets because she says the entire system has been utterly destroyed, will blow your mind in her most recent blog post.

It turns out money the way we were taught to understand it in school isn’t really how we should be valuing economies or debt. Instead, we need to be looking at what that money represents.

How do we define the sizes of economies? In dollars? Nope. These systems should be measured in terms of a transcendent, invariant unit. Currencies are, by definition, variant, because they are constantly changing relative to one another. This includes the dollar, which is itself measured against a BASKET of other currencies. I propose that GDP should be measured in the unit of MAN HOURS or MAN YEARS. $20 per hour average wage. 2000 hour average work year. Because the buying power of an average man hour or man year shouldn’t change much at all. Think about it.

So, if we take the latest bee-ess GDP for the former US of $16.8 trillion, and if we use an average wage of $20 per hour, or $40,000 per year, we get an economy of 840 billion man hours, or 420 million man years.

Puts a different spin on it, huh? Now, you really want your mind blown? Do that same calculation with the debt (now $18 trillion). Now do it with the unfunded liabilities of the FEDGOV (conservatively $250 trillion).

450 million man years, and 6.25 billion man years respectively.

Source: Notes for Apres la Guerre Part 2: Banking and Financial Market Theory

So, when we talk about trillions of tax dollars being spent on banks or infused into shadow investment houses around the globe, we’re actually not just talking about money being stolen from one group of people that’s being distributed to another. What we’re talking about is the literal theft of … READ THE REST (It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government Liabilities: “A Mathematical Impossibility”; By Mac Slavo; D.C. Clothesline; 11/1/14)

VIDEO: Egon von Greyerz-Reset Will Be Dramatic [30:11]

Published by Greg Hunter

Published: Oct 28, 2014

Egon von Greyerz, Founder of Matterhorn Asset Management, says, “You can’t have governments borrow more than ever and have interest rates at zero. You can only do that temporarily because you have governments printing money and artificially holding interest rates down. That will not last either. So, the reset will be dramatic. It won’t happen overnight, but there will be events that trigger short term pitfalls, but this is a long term thing.”

Printing money to support the stock market and the bond market will work for a while, but Greyerz warns, “The ammunition that they have will, of course, be so devalued that nobody will want it. So, any support they try to muster in the future will have no effect. This is why markets are going to be in a terrible state in the next few years. It will be all the bubbles that have been created over a very long period.”

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Egon von Greyerz, Founder of Matterhorn Asset Management.

http://usawatchdog.com/disorderly-reset-coming-dollar-goes-to-zero-egon-von-greyerz/

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Edited by John R. Houk

Text enclosed by brackets are by the Editor.

© Tony Newbill

Tony Newbill Emails 1/21/14 to 2/16/14

Tony Newbill Emails 1/21/14 to 2/16/14

Posted 4/1/14

These Tony Newbill emails stretch from being wary of further radioactive junk from the Japanese Fukushima meltdown floating to the western coast of North America, Climate Change stuff, questioning Chinese regional development of oil and gas pipelines stretch from China to Europe, locations of farm animal ownership (interfering in self-reliance), Fed-Dollar collapse and a Jesse Ventura Conspiracy Theory program talking about a clandestine Illuminati facility in the Ozarks region of the USA.

Happy reading.

JRH 4/1/14

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Go ahead keep eating the Fish from the Pacific Ocean!!!!!!!!!

Sent: 1/21/2014 8:35 AM

International marine science organization releases report on radiation in Pacific Ocean

http://www.naturalnews.com/043585_Fukushima_radiation_Pacific_Ocean_marine_science_organization.html

NaturalNews) If you’ve heard about Fukushima radiation spreading to the Pacific Coast of North America but were “corrected” by sources both official and expert that this was based more on rumor than reality, then consider the information presented at the October 2013 North Pacific Marine Science Organization (PICES) annual meeting.

Researchers from Fisheries and Oceans Canada confirmed that the radioactive plume from Fukushima is indeed reaching the shores of Canada and the United States – and was detected at least six months ago – carried both in the ocean surface water and the atmosphere on similar but slightly different courses.

In a presentation titled “Communicating the forecasts, uncertainty and consequences of ecosystem change,” (read here: http://www.pices.int) the Canadian researchers gave evidence that the bulk of radioactivity from Fukushima is shifting almost entirely from the western portion of the North Pacific (Japan) to the eastern portion (North America) over the course of the next five years. As of 2012, it had already reached the central region of the Pacific Ocean, and a previously unpublished map shows that, as of 2013, it had reached the shores of Alaska and British Columbia, with the most intense area of the plume yet to arrive.

The Fall 2013 discussion centered around competing calculations of the severity of effects from cesium-137, based around two differing models of the radiation’s trajectory. The first, published by German researcher Erik Behrens and his colleagues at the Helmholtz Centre for Ocean Research in 2012, drastically understates the potential dangers, predicting only modest levels of 2 becquerels per cubic meter (Bq/m^3) by 2015 for the 49th parallel near British Columbia and Washington state – scarcely above the background levels from the continued fallout of Chernobyl.

Meanwhile, the second, published by Vincent Rossi and other colleagues from the Climate Change Research Centre in 2013, presents a much more consequential picture. It predicts alarming maximum levels reaching … READ THE REST

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EPA News Misleads Readers

Sent: 1/22/2014 9:58 AM

Associated Press caught ‘restructuring’ old EPA news to mislead readers; mainstream media blindly plays along

http://www.naturalnews.com/043616_Associated_Press_restructured_news_EPA.html#ixzz2r8XGxwXd

(NaturalNews) Four days ago, the Associated Press reported that coal-fired power plants are dumping enormous quantities of pollutants into U.S. waterways. According to the Associated Press, the EPA says that coal-fired power plants are dumping nearly 2 million pounds of aluminum, 79,000 pounds of arsenic, 64,000 pounds of lead and even 2,820 pound of mercury each year into U.S. waterways.

This original story by the AP (dated January 18, 2014) was published, word-for-word, across the Denver Post, ABC News, the Washington Post, the San Jose Mercury News and even Salon.com.

There’s only one problem with all this reporting: nobody bothered to check their sources.

The original AP story turns out to have been “restructured” from old news, packaged to appear like breaking news for 2014 even though it actually traces back to 2009 (see below). AP actually featured the story in its “Big Story” section which implies that … READ THE REST

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Real Reason China has Obscure economics

Sent: 1/27/2014 9:06 AM

Is the Real Reason China has Obscure economics showing up today is because of this …… they have been hiding their Real manufacturing of a Iranian Pipeline that will challenge the Dollar as Worlds Trade Currency????

http://www.atimes.com/atimes/Middle_East/NF07Ak02.html

Iran’s Islamic pipeline a mad man’s dream
By Mansour Kashfi

The Islamic Republic of Iran, after encountering frequent disqualification in its efforts to be a reliable partner in the international arena, specifically in oil, gas and pipeline transactions, is now entering a fresh game in delivering natural gas to Europe, in spite of the heavy sanctions imposed by the United Nations, United States, and European Union.

Only this time around it is trying to team up with the Islamic Arab states, bypassing its old trade partner Turkey. However, the ultimate goal still is the same – delivering Iranian natural gas via pipeline to Europe, a dream that has frequent failing records.

A memorandum of understanding was signed between the Iran and Turkey in July 2007 to transfer Iranian and Turkmen gas to Europe via Turkey. At that time the Iranian minister of petroleum, Qolamhosein Nozari, told reporters that “deliberations would be held in the coming weeks on management of the South Pars natural gas region and transportation of Iranian gas to Europe via Turkey.”

According to the accord, Turkey would have … READ THE REST

http://www.china.org.cn/world/Off_the_Wire/2013-11/04/content_30484977.htm

Iran urges Pakistan to build its own section of gas pipeline

Iranian Oil Minister Bijan Namdar Zanganeh asked Pakistan on Sunday to build its own section of natural gas pipeline.

“Big volume of gas is (ready for delivery) near the Pakistan border,” Zanganeh was quoted as saying by SHANA website affiliated to Iran’s Oil Ministry.

Pakistan should build its own section of the pipeline, he said, adding that “In case Pakistan takes action to construct the pipeline on its soil, the project will be completed” and Iran’s gas will flow into the neighboring country.

On Oct. 30, Zanganeh said Iran was not hopeful about exporting its natural gas to the neighboring state of Pakistan “because the conditions set by the Pakistani government has made export of Iranian gas to Pakistan unlikely.”

By his remarks, the Iranian oil minister was alluding to the earlier reports which said that Iran’s southeastern neighbor had asked the Islamic republic to finance on the gas pipeline to be built on Pakistan soil.

The local reports said Pakistan had asked Iran for financing of 2 billion U.S. dollars to construct 780-km gas pipeline on its soil.

On Thursday, Pakistan Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi, said … READ THE REST

http://www.thehindu.com/todays-paper/tp-international/myanmar-pipeline-to-diversify-china-energy-supply/article4968440.ece

Myanmar pipeline to diversify China energy supply

China has started receiving natural gas from Myanmar through an 800 km-long pipeline project. The opening of the pipeline on Sunday was hailed by State media here as a landmark step towards diversifying China’s energy supply routes.

The gas pipeline, which can transport 12 billion cubic metres annually, runs from Kyaukpyu to Ruili in southwestern Yunnan province, which borders Myanmar. China is also building an oil pipeline that will bring 22 million tons annually to Yunnan when completed.

Strategic map

The official Xinhua news agency said the opening of the gas pipeline had “substantially changed the strategic map of China’s energy supply channels” by alleviating what officials have described as the “Malacca dilemma” of being dependant (sic) on an energy route through the narrow straits.

“At present, as many as 80 per cent of China’s oil imports depend on the supply line going through the Malacca and Singapore straits, while the maritime route is patrolled by fleets headed by the U.S. navy,” the Xinhua commentary said.

Six companies, including India’s GAIL and firms from South Korea and Myanmar, were involved in the construction of the pipeline.

Chinese State media hit … READ THE REST

http://en.wikipedia.org/wiki/Iran%E2%80%93Pakistan_gas_pipeline

Iran–Pakistan gas pipeline

The Iran–Pakistan gas pipeline, also known as the Peace pipeline,^[2] is an under construction pipeline to deliver natural gas from Iran to Pakistan.

Inception

The idea was conceived by a young Pakistani civil engineer Malik Aftab Ahmed Khan in mid-1950s, when an article of his was published by the Military College of Engineering, Risalpur. The article Persian Pipeline also mentioned the method for its protection along the hostile territory by establishing mini battalion-size cantonments along its proposed route through Baluchistan/Sindh.^[ 3][4]The project was conceptualized in 1989 by Rajendra K. Pachauri in partnership with Ali Shams Ardekani, former Deputy Foreign Minister of Iran. Pachauri proposed the … READ THE REST

http://www.chinadaily.com.cn/world/2012-05/05/content_15217749.htm

Iran to build 220-km natural gas pipeline to Iraq

Updated: 2012-05-05 19:02

TEHRAN – Director of Iran Gas Engineering and Development Company said that Iranian localcontractors will build a 220-km natural gas pipeline to Iraq, the semi-official Mehr news agency reported Saturday.

A total of $450 million will be invested in the construction of the pipeline to transport Iran’snatural gas to neighboring Iraq, Alireza Gharibi told Mehr.

The construction design of project has been finished and the pipeline will be built by … READ THE REST

http://www.balkans.com/open-news.php?uniquenumber=113357

‘Islamic gas pipeline’ is considered to become a rival to Nabucco and South Stream pipeline’s future rival

Balkan Business News Correspondent – 25.07.2011

In a major development, the so called ‘Islamic gas pipeline’ came into effect from Monday after Iran, Iraq and Syria inked a deal to build the pipeline, first such deal to export gas from Islamic countries to the West.

As per the 10-billion-dollar project, Iran’s Natural Gas would be exported to Europe through Iraq, Syria and Lebanon via a 5,000 km pipeline from Assaloyeh to Damascus with transfer capacity of 110 million cubic meters of natural gas per day.

At present, construction of 661 kilometers of the pipeline is completed but … READ THE REST

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Fascist Infection in both Private and Public Sectors

Sent: 1/29/2014 7:27 AM

What we have is a Fascist Infection in both Private and Public Sectors of our Nation’s economic and regulatory framework!!!!!!!

Here is the PROOF!!!!!!!!

A Ban On Owning Farm Animals? Michigan Is Considering It

http://www.offthegridnews.com/2014/01/24/a-ban-on-owning-farm-animals-michigan-is-considering-it/

Keeping even one “farm animal” in residential neighborhoods could soon be illegal in Michigan. That’s because a proposed change to state regulations could strip property owners of the right to keep and raise small numbers of poultry or livestock.

Michigan’s Right to Farm Act currently extends to all property owners in the state, including those in areas zoned residential or commercial. The state Agricultural Commission is considering a change to the regulations – called Generally Acceptable Agricultural And Management Practices (GAAMPS) — that would strip property owners of that right.

“It would exclude a whole bunch of people who are seeking Right to Farm protection,” Randy Buchler of the Michigan Small Farm Council said of the proposal, “and strip the small farmers of their right to be protected by a state law.”

The change would … READ THE REST

A lack of Free Market Competition and Constant Merging of the Healthcare market by Medical Institutions just like we see in all Free Enterprise Private sectors of the Free Market Economy is why we see this BLEEDING OUT OF THE INDIVIDUALS’ HOPES AND DREAMS!!!!!

THIS IS A WAR FOR YOUR SOUL!!!!!!!!

Mooresville patient stunned by $89,000 charge for 18-hour hospital stay

http://www.charlotteobserver.com/2014/01/27/4643457/mooresville-patient-stunned-by.html

How much should it cost to treat a snake bite?

It’s hard to know given the lack of transparency in hospital pricing and billing today. But Laura and Eric Ferguson, both 54, of Mooresville, believe they were overcharged for his trip to the emergency room last year.

Eric Ferguson was taking out the trash one evening in August when he felt what he thought was a bee sting. When he looked down at his foot, he was surprised to see fang marks. He drove himself to Lake Norman Regional Medical Center about 15 miles from his home, where he received anti-venom medicine for the snake bite.

For an 18-hour hospital stay, he got a bill for $89,227. More than $81,000 was for the four-vial dose of anti-venom, or about $20,000 per vial.

Shocked at the amount, the Fergusons went … READ THE REST

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Free Enterprise Capitalism Survival

Sent: 2/4/2014 4:26 PM

How Will Free Enterprise Capitalism survive this Ideology, one that President Obama shares with the Climate Change Philosophy?

http://beforeitsnews.com/opinion/2014/02/part-17-series-on-overpopulation-in-america-the-garbage-waste-conundrum-2447828.html?utm_term=http%3A%2F%2Fb4in.info%2FbRhX&utm_campaign=&utm_content=beforeit39snews-verticalresponse&utm_medium=verticalresponse&utm_source=direct-b4in.info

Part 17: Series On Overpopulation In America—the garbage-waste conundrum

February 3, 2014 18:22

…

With a population of 319 million people in 2014, the United States generates 4.5 pounds of trash per person 24/7.

…

[Blog Editor: An enumerated list of unimaginable trash often in tons follow.]

…

And to think that America will add another 138 million people by 2050—a scant 36 years from now. The world will add another 3.1 billion in that time.

Somewhere down the line, Mother Nature will kick our rear-ends back to the Stone Age.

If you would like to make a difference, please join these organizations for the most effective collective action you can …

[Blog Editor: The rest of the article are website locations to visit if you want to be an anti-garbage activist.]

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Did you know about this bank drill???????

Sent: 2/7/2014 10:11 AM

http://freepatriot.org/2014/02/06/possible-false-flag-event-scheduled-8-bhcs-pose-elevated-risk-u-s-financial-stability-worldwide/

Photo: Bank of OK article screen shot

Either the new Federal Reserve Chairman Janet Yellen is a prepper, or there is something afoot in the world of banking. If she is a prepper, I missed any indication of that in her background. Bankers typically talk in terms of contingency plans and liquidation programs, not prepping for disasters.

In January of this year, Supervisory Regulation (SR) 14-01 was issued in regarding the need for bank preparedness particularly for the eight bank holding companies (BHCs) in the United States. According to the memo, there are eight Bank Holding Companies that appear to be at risk and that risk threatens the financial stability of the United States. These eight companies are Bank of America Corporation, Bank of New York Mellon Corporation, PLC, Citigroup Inc., Goldman Sachs Group, Inc., JPMorgan Chase & Co., Morgan Stanley, State Street Corporation, and Wells Fargo & Company.

The memo, dated January 24, was the first one of the year. It was sent from Michael Gibson to the top banks to stress increased supervisory expectations. Gibson stated,

“… the Federal Reserve is issuing this letter to clarify the heightened supervisory expectations for recovery and resolution preparedness for the eight domestic bank holding companies that may pose elevated risk to U.S. financial stability. “

Photo: Screen Shot of FED Board of Guvs Memo

Shortly after the “increased supervision” of the big eight, customers at other “not eight” banks started getting notices of bank drills where services will be limited. One example is … READ THE REST

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DOW Could Drop 7000 Points Due to Fed Tapering

Sent: 2/10/2014 9:36 AM

Now You Can Panic: Economist Withdraws All of His Money from Bank of America

http://beforeitsnews.com/economy/2014/02/now-you-can-panic-economist-withdraws-all-of-his-money-from-bank-of-america-2591502.html

By John Galt
January 31, 2014

Care to start a bank run?

Uh, no, that’s illegal. But according to an economist at the same school our Illegal Alien in Chief attended, Harvard University, it might be wise to do so. The PBS article from yesterday should cause everyone to take a moment and pause to reflect:

Is your money safe at the bank? An economist says ‘no’ and withdraws his

Excuse me? It isn’t safe? Bush-Bernanke-Bimblette all lied? No way? From the article:

Terry Burnham, former Harvard economics professor, author of “Mean Genes” and “Mean provocative poster on this page and long-time critic of the Federal Reserve, argues that the Fed’s efforts to strengthen America’s banks have perversely weakened them. (See our 2005 segment with Burnham below about how “lizard brains” influence our economic decisions.)

Last week I had over $1,000,000 in a checking account at Bank of America. Next week, I will have $10,000.

Why am I getting in line to take my money out of Bank of America? Because of Ben Bernanke and Janet Yellen, who officially begins her term as chairwoman on Feb. 1.

Before I explain, let me disclose that … READ THE REST

Obama’s MyRA Scam: Your Savings Pays for US Debt

http://www.wholesaledirectmetals.com/index.php/gold-blog/609-obamas-myra-scam-your-savings-pays-for-us-debt/?cid=RedstateSponsored

In one of the most shocking State of the Union Addresses in recent memory, President Obama announced he will create a new kind of retirement account – the MyRA – which uses your retirement savings to buy U.S. Treasures and pay for U.S. debt. Obama’s announcement follows a number of startling events which demonstrate how desperate the government is becoming: with nowhere else to turn, the government is making a last-ditch effort to seize personal savings & retirement to fund the nation’s insurmountable debt. And there’s only ONE thing you can do to stop it from happening.

The Government Needs A New Source for Funds

The U.S. debt, not including unfunded liabilities, is over $17 trillion dollars. And the U.S. Treasury estimates our debt to go over $28 trillion by 2018! In order to finance this debt, the Federal Reserve has been buying 90% of the U.S. Treasury market through money-printing stimulus, to the tune of $80 BILLION per month for the last several years. And we all know that the Fed has begun tapering its stimulus program because they can no longer afford to fund the national debt.

So if the Fed is going insolvent, who do you think the government will lean on to pick up the slack? The answer is YOU. 10,000 Baby Boomers will turn 65 years-old every day until 2030. And while the government has a debt problem of $17 trillion, not so coincidentally, our country’s IRAs, 401Ks and other retirement accounts amount to right around $19 Trillion. What a convenient resource for the Federal Government!

So the federal government is licking its chops staring at … READ THE REST

DOW Could Drop 7000 Points Due to Fed Tapering

http://www.wholesaledirectmetals.com/index.php/gold-blog/610-dow-could-drop-7000-points-due-to-fed-tapering/?cid=RedstateSponsored

Since early 2009, the Fed’s QE programs have dumped over $4 trillion into toxic assets and U.S. Treasuries in a desperate attempt to bail out the banking industry. The Fed’s extreme actions have only served to pump up banking reserves by $2.2 trillion and increase the money supply in circulation by a jaw-dropping $400 billion! So, where has all this money gone? The answer: since the exact moment the Fed began its QE programs, the DOW exploded by a staggering 9,000 points! So now that the Fed has begun tapering its QE programs, what does this mean for the DOW and other paper markets that have been artificially inflated by the Fed? Many experts now predict a 7,000-point collapse in the DOW by the time the Fed finishes tapering. That’s why the smart money is flocking away from the stock market and into the ONE asset that protects savings & retirement when the paper markets collapse.

The Stock Market Before Fed Stimulus

After the collapse of the stock market in 2008, the Fed and the U.S. government were desperate to bail out the banking industry. No bankers went to jail, nor did the powers-that-be change how the banks do business in order to prevent this disaster from ever happening again. Instead, the Fed concocted a master plan to … READ THE REST

Experts Predict Imminent Collapse of U.S. Dollar

http://www.wholesaledirectmetals.com/index.php/gold-blog/607-experts-predict-imminent-collapse-of-us-dollar/?cid=RedstateSponsored

For the last 600 years, there have been six different global reserve currencies controlled by world superpowers. The latest – the U.S. dollar – has dominated world currency for over 80 years. The alarming fact is, global reserve currencies have collapsed every 80-90 years for the last six centuries! What does this mean for America and the dominance of the U.S. dollar? Based on recent evidence and long-standing historical trends, experts predict the imminent collapse of the U.S. dollar! What’s more alarming? Many Americans aren’t yet doing the one thing that will save their savings & retirement from U.S. dollar collapse.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value [with paper currency].

— Alan Greenspan

The Crisis Generation

600 years of human history has shown that the average lifespan of a global reserve currency is equal to a “saeculum” – or “human lifetime” – of about 80-90 years, broken down into four 20-year generations. The best-selling book, “The Fourth Turning,” goes through history and demonstrates this 4-phase evolution:

1)     First generation: High – This is an era when institutions are strong and society is confident about where it wants to go. America’s most recent First Turning was the post-World War II American High, beginning in 1946 and ending with the assassination of President John F. Kennedy.

2)     Second generation: Awakening – This is an era when institutions are attacked in the name of personal and spiritual autonomy. People suddenly tire of social discipline and want to recapture a sense of personal authenticity. America’s most recent Awakening was the “Consciousness Revolution,” which spanned from the campus and inner-city revolts of the mid-1960s to the reelection of Ronald Reagan.

3)     Third generation: Unraveling – This is an era when institutions are weak and distrusted, while individualism is strong and flourishing. America’s most recent Unraveling was the Long Boom and Culture War, beginning in the mid-1980s and ending in the late 2000s.

4)     Fourth generation: Crisis – This is an era in which institutional life is destroyed and rebuilt in response to a perceived threat to the nation’s survival. America’s most recent Fourth Turning began with the stock market crash of 1929 and climaxed with the end of World War II.

America is now in this fourth “crisis” phase, about 80-90 years from the beginning of the first phase. It is in this “fourth turning” crisis that institutional life will be torn down and rebuilt from the ground up. This rebuilding is … READ THE REST

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Facility Built with Taxpayer – What’s its Purpose

Sent: Sun 2/16/2014 11:18 AM

Does anyone have News on this facility that’s been built with TAXPAYER money and what it is for??? Go to frame 35:00 and watch it forward and please tell me what this is going to be for. And Why haven’t we the people been kept informed about why and what Our TAXPAYER Money is being used on this for?

http://www.youtube.com/watch?v=_IIKsjAjJpA

VIDEO: Conspiracy Theory Jesse.Ventura.S03E04.Ozarks

Posted by elixis28

Published: Dec 15, 2012

___________________________________

Edited by John R. Houk

© Tony Newbill

Tony Newbill Emails from 11/13 to 12/7/13

Newbill takes a look at how currency is a part of a Leftist agenda to wrangle the USA away from being the international currency of trade. The emails suggest that China is the primary culprit behind this global Leftist agenda. There is a story about “ghost cities” possibly causing a financial crisis due real estate speculating; however it is my opinion you should read between the lines on that story. China is a controlled economy and they are not going to literally allow the construction of empty metropolitan areas without a specific purpose in mind. As you read behind the lines on the ghost city you really need to contemplate why China would allow such an expansion of real estate to occur.

JRH 12/16/13

Please Support NCCR

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Story about Wall Street Living off Fake Money

Sent: 11/13/2013 8:05 AM

They are doing this because of Peak Earth Ideology [Editor: Here is a gist of Peak Earth Ideology] and this gives them Control over consumption rates of the Consumer. Squeezing resources will be the future and bending the cost curve will mean lowing the life expectancy rate.

Dividing the society is key to accomplishing this goal.

The story about Wall Street living off Fake Money from the Federal Reserve Proves the International market Scheme is Over and the USA is only running higher and higher debts to try and keep it going!!!!

http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884

I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment known as quantitative easing. The central bank continues to spin QE as a tool for helping Main Street. But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.

Five years ago this month, on Black Friday, the Fed launched an unprecedented shopping spree. By that point in the… (To read the rest you have to be a subscriber or subscribe to the WSJ – Andrew Huszar: Confessions of a Quantitative Easer; 11/11/13)

This is why I think the best hope for the USA is to isolate and get back to being a Self-Supplying Nation. We have plenty of resources for our sustainable Population, it’s when we try and supply the rest of the world that we are running into and running out of what we need to survive let along innovating any new expansion in or renewable resource supply.

http://www.cnn.com/2012/04/08/opinion/gilding-earth-limits/index.html

(CNN) Editor’s note: Paul Gilding, author of “The Great Disruption,” is an advocate and adviser to nongovernmental organizations and businesses and the former chief executive of Greenpeace. He spoke at the TED2012 conference in February. TED is a nonprofit dedicated to “Ideas worth spreading” which it makes available through talks posted on its website.

(CNN) — For 50 years the environmental movement has unsuccessfully argued that we should save the planet for moral reasons, that there were more important things than money. Ironically, it now seems it will be money — through the economic impact of climate change and resource constraint — that will motivate the sweeping changes necessary to avert catastrophe.

The reason is we have now reached a moment where four words — the earth is full — will define our times. This is not a philosophical statement; this is just science based in physics, chemistry and biology. There are many science-based analyses of this, but they all draw the same conclusion — that we’re living beyond our means.

The eminent scientists of the Global Footprint Network, for example, calculate that we need about 1.5 Earths to sustain this economy. In other words, to keep operating at our current level, we need 50% more Earth than we’ve got.

Watch Paul Gilding’s TED Talk

In financial terms, this would be like always spending 50% more than you earn, going further into debt every year. But of course, you can’t borrow natural resources, so we’re … READ THE REST – be warned its pro-Climate Change propaganda (The Earth is full; By Paul Gilding; CNN; 4/8/12)

http://ngm.nationalgeographic.com/7-billion

Population is a complicated topic. With the worldwide population slated to top 7 billion in 2011, we decided it was one we needed to tackle. But we wanted to do it in a way that gives readers room to think. We spread out our coverage over a year, with articles that take deep dives into specific issues—demographics, food security, climate change, fertility trends, managing biodiversity—that relate to global population. Our reporting is collected here. Feel free to explore and share your thoughts on twitter at #7billion. (7 Billion; National Geographic)

http://www.worldometers.info/world-population/

World Population: Past, Present, and Future … READ THE REST – A lot of Charts (WorldOMeters)

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China’s ability to be a trusted Alternative Trade Currency

Sent: 11/17/2013 7:55 AM

More Reason to question China’s ability to be a trusted Alternative Trade Currency???? And see how they are using finance and trade to divide Alliances.

http://investigations.nbcnews.com/_news/2013/11/16/21498942-israel-muzzles-witness-in-us-anti-terrorism-lawsuit?lite

JERUSALEM — The Israeli government has decided to prevent a key witness from testifying in an anti-terrorism case in the United States, drawing accusations that it is caving in to pressure from China.

The lawsuit revolves around allegations that Bank of China knowingly allowed Palestinian militants to use its accounts to finance their operations, including a suicide attack in the city of Tel Aviv in 2006 that killed 11 people.

Families of the dead, among them 16-year-old American holidaymaker Daniel Wultz, have launched at least two cases in the United States against China’s fourth largest lender.

The bank denies any wrongdoing.

Plaintiffs hoped that evidence from a former Israeli intelligence officer, who allegedly told Chinese counterparts in 2005 about suspicious transactions, would prove decisive.

A Washington district court issued the official, Uzi Shaya, with a subpoena to testify on Nov. 25.

However, on Nov. 15, the Israeli government filed a petition, which was seen by Reuters on Saturday, seeking to block his appearance and to stop him revealing what it said were state secrets.

“The disclosure of such information would harm Israel’s national security, compromise Israel’s ability to protect those within its borders, and … READ THE REST (Israel muzzles witness in US anti-terrorism lawsuit; By Crispian Ballmer; NBC News Investigations via Reuters; 11/16/13 11:33 PM EST)

Why China wants to replace dollar as Worlds Trade Currency

http://www.businessinsider.com/60-minutes-chinas-ghost-cities-2013-3

We have written about China’s ghost towns — neighborhoods with massive new buildings not inhabited by any people. Many see this as the clear evidence of overbuilding and a housing bubble.

Yale’s Stephen Roach has said, however, that China’s modernization is “the greatest urbanization story the world has ever seen,” and that these ghost cities will soon become “thriving metropolitan areas.”

But analysts say most Chinese people can’t afford the types of homes being built in the ghost cities.

China has been trying to get a grip on its property market for some time now and some say officials are in control and have been deflating the housing bubble.

However, the risks of the housing bubble evolving into a financial crisis appear to be high.

There is a new report from “60 Minutes” titled “China’s real estate bubble.” We’ve seen photos of China’s ghost towns, but they are … READ THE REST – Most of the rest of the article are screen shots of empty Chinese cities ending with the 60 Minutes feature entitled “China’s real estate bubble”. I will post the Youtube version of the 60 Minutes episode. (This ’60 Minutes’ Video Of China’s Ghost Cities Is More Surreal Than Anything We’ve Ever Seen; By MAMTA BADKAR; Business Insider; 3/3/13 8:26 PM)

Editor: This is a thought that I am not going to take the time to substantiate. I remember reading a Conspiracy Theory that these Chinese ghost cities were actually built in China’s anticipation of a destructive war.

VIDEO: China’s real estate bubble

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Blame another for Spying on U.S. Citizens

Sent: 11/17/2013 8:11 AM

So if the Agency Spying going through this Avenue is allowed secretly and it not be able to have regulation by our Congress Oversight, won’t this be the END of U.S.A. Liberty????

Won’t this be a Great way to blame another for Spying on U.S. Citizens?????

http://www.nytimes.com/2013/11/17/world/europe/a-russian-gps-using-us-soil-stirs-spy-fears.html?ref=centralintelligenceagency&_r=0

WASHINGTON — In the view of America’s spy services, the next potential threat from Russia may not come from a nefarious cyberweapon or secrets gleaned from the files of Edward J. Snowden, the former National Security Agency contractor now in Moscow.

Instead, this menace may come in the form of a seemingly innocuous dome-topped antenna perched atop an electronics-packed building surrounded by a security fence somewhere in the United States.

In recent months, the Central Intelligence Agency and the Pentagon have been quietly waging a campaign to stop the State Department from allowing Roscosmos, the Russian space agency, to build about half a dozen of these structures, known as monitor stations, on United States soil, several American officials said.

They fear that these structures could help Russia spy on the United States and improve the precision of Russian weaponry, the officials said. These monitor stations, the Russians contend, would significantly improve the accuracy and reliability of Moscow’s version of the Global Positioning System, the American satellite network that steers guided missiles to their targets and thirsty smartphone users to the nearest Starbucks.

“They don’t want to be reliant on the American system and believe that their systems, like GPS, will spawn other industries and applications,” said a former senior official in the State Department’s Office of Space and Advanced Technology. “They feel as though they are losing a technological edge to us in an important market. Look at everything GPS has done on … READ THE REST (A Russian GPS Using U.S. Soil Stirs Spy Fears; By MICHAEL S. SCHMIDT and ERIC SCHMITT; NYT; 11/16/13)

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Morning Joe: Who will pay more under Obamacare?

Sent: 11/20/2013 7:42 AM

http://on.msnbc.com/1fV1t1s

Who will pay more under Obamacare?

Top Talkers: President Obama is set to meet with health insurance CEOs to discuss Obamacare, and Steve Rattner brings his infamous charts to show Obamacare’s impact on the country, including who will pay more under the law. (Click MSNBC link to watch the episode Newbill is referring to.)

On Morning Joe today they are trying to sugar coat the Percentage of people who are losing their Healthcare insurance by saying it’s a small Percentage, but they are not taking into consideration what’s going to happen once we get to 2015 when that exemption is OVER that the President gave all who get their Insurance through their Employer!!!!!

Wait till 2015 YOUR CORPORATE Cover will go away and then we will REALLY see the collapse that was delayed with the Unconstitutional exemption for a year by Obama.

How can you not be a dictator when you pass a Law with Bribes then turn around and Single handedly Delay it???

These Liberals all know this is just a Path towards Single payer and they don’t care what kind of LIE it takes to keep everyone chilling while the current system collapses along with the current Obamacare law, and Nothing is Left but a Government Option.

VIDEO: Shocking Obama Videos Reveal Real Goal!

http://www.youtube.com/watch?v=eweqdZcbX_8

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Dodd Frank plans to regulate the Fund managers and personal IRAs

Sent: 12/7/2013 10:59 AM

Dodd Frank plans to regulate the Fund managers and personal IRAs in case of a market shock.

http://www.treasury.gov/initiatives/ofr/research/Documents/OFR_AMFS_FINAL.pdf

Introduction

This report provides a brief overview of the asset management industry and an analysis of how asset management firms and the activities in which they engage can introduce vulnerabilities that could pose, amplify, or transmit threats to financial stability.

The Financial Stability Oversight Council (the Council) decided to study the activities of asset management firms to better inform its analysis of whether—and how—to consider such firms for enhanced prudential standards and supervision under Section 113 of the Dodd-Frank Act.1 The Council asked the Office of Financial Research (OFR), in collaboration with Council members, to provide data and analysis to inform this consideration. This study responds to that request by analyzing industry activities, describing the factors that make the industry and individual firms vulnerable to financial shocks, and considering the channels through which the industry could transmit risks across financial markets.

… READ THE REST – 34 page PDF document (Asset Management and Financial Stability; By Office of Financial Research; September 2013)

http://www.americanthinker.com/2013/12/obamas_plan_to_snatch_your_savings.html

In his first term, Obama managed to get his paws on health care, banking, energy, student loans, the auto business, and more. Now he has his sights set on your 401(k).

The left has had its eye on retirement savings for years, but so far takeover attempts have been rebuffed. One egregious attempt was the proposal, following the 2010 financial crisis, to “safeguard” retirement savings by requiring that they be rolled over into Treasury bonds. Had this legislation succeeded, it would have appropriated all or part of the retirement savings of millions of Americans. The funds would have been used to finance further expansion of government. In return, savers would have received a promissory note from the federal government similar that issued by the Social Security Trust Fund.

Needless to say, most investors were not keen to convert their savings into Treasury obligations — or, to be more precise, into an unsecured note promising a return approximating that of Treasury bonds. That is because, as with every other endeavor, government’s management of retirement savings (aka Social Security) has been a disaster.

…

Despite its 2010 failure to take over retirement savings, the left has not given up. As reported in WND, officials at the U.S. Treasury and Labor Departments continue discussions aimed at channeling private savings into Treasury obligations via a so-called “Automatic IRA.” Once it has forced workers and employers to contribute to Automatic IRAs, and eventually forced existing savings into government obligations as well, government would control much of the investment capital in America. The free market will cease to exist.

Perhaps in support of that goal, Dodd-Frank legislation of 2010 established the Office of Financial Research (OFR) [Blog Editor: This should sound familiar to the PDF report linked above!], which recently issued a report suggesting that mutual funds may pose a risk to financial stability. At several points in the report, the authors suggest that many aspects of the financial system are not at present highly regulated and that the risks of these unregulated private transactions are unknown. The implication seems to be that greater government scrutiny is called for.

OFR is a bureaucracy charged with the task of sniffing out systemic risk and passing along its findings to the Financial Stability Oversight Council (FSOC). The chairman of that august body is none other than Jacob Lew, Obama’s secretary of the treasury. This is the same Jacob Lew who was employed as chief operating officer at Citigroup Alternative Investments (CAI) during the financial crisis. CAI reportedly incurred significant losses during the financial crisis. As COO of that division of Citigroup, Lew would not seem to be an ideal candidate to chair a committee on Financial Stability — much less the person to be put in charge of America’s retirement savings [Blog Editor: Oh-Oh, Do you see the Leftist agenda at work in your personal life yet?].

…

That is the reality, I believe, behind the innocuous-sounding Office of Financial Research and its report on the supposed risk to the financial system underlying mutual funds. It is an important cog in this administration’s insidious scheme to destroy capitalism and convert America into a socialist state. READ ENTIRETY (Obama’s Plan to Snatch Your Savings; By Jeffrey Folks; American Thinker; 12/5/13)

Here’s a Possible Shock …..

Is a threat to the dollar as world’s trade currency a China and Germany alliance?????

http://www.ingoldwetrust.ch/gold-leasing-is-a-tool-for-the-global-credit-game

Below a translation of an article on gold price suppression by global finance expert from the China Gold Association Zhang Jie, published on April 15, 2013. We have posted a Google Translate version of this article on August 13, but because of the significance of the insights of the writer we searched for real translators to make it into a more clear and understandable read. The result is a very interesting analysis of a monetary game played by the US and other countries through gold leasing and derivatives.

We will be publishing translations from Chinese economists on a more frequently basis as these gives us important information on China’s present and future gold policy.

Translated by Maarten van Mourik and J. Chin. [Italicized by Blog Editor]

Gold Leasing Is A Tool For The Global Credit Game

– By Zhang Jie, Deputy editor of “Global Finance”, expert specially engaged by China Gold Association.

The world’s financial and real estate crisis will eventually produce a credit crisis.

The price of gold is closely related with credit, the implication from suppression the gold price lies not only on gold, but more so in currencies and the trust behind currencies.

Gold leasing is an important innovation in the gold settlement system. Through continuous gold leasing the gold in the market can be circulated and produce derivatives, creating more and more paper gold. This is very significant for the United States. Gold leasing is a major tool for the Federal Reserve and other central banks in the West to secretly control and regulate the gold market, creating gold credit derivatives and global credit conflict.

China suffered from gold lease in the past

World gold leasing started in the 1980s, when the gold price rose to over 800 US$ per ounce. Gold leasing at that time effectively combated the price of gold. More strategically, the gold price affected national creditworthiness. A lower gold price suppressed the Soviet Union and China after 1989 when they were sanctioned by the West, in addition to the sanctions imposed on South Africa for apartheid. As all three were heavily dependent on gold to import necessities, the gold price had become a protection for foreign credit in these countries.

In the 1990s, the introduction of gold leasing effectively lowered the price of gold. Low gold and oil prices have caused great difficulties for China, the former Soviet Union and South Africa who were in dire need of foreign currencies. As a result, these countries had to sell resources or core assets very cheaply, which now have to be bought back more expensively. The West thus gained extensively by suppressing gold prices.

Gold credit is even more critical in today’s world where risk of global crises, war and conflicts increases. If a global full-scale conflict were to develop, the globalised financial system would collapse and trust in national currencies would vanish completely. Only liquid assets, of which the best liquid asset is gold, can establish trust between nations. Consequently, the trust in gold will become critical; gold can become a powerful weapon in the world credit game. Crude oil and other commodities that are difficult to store can’t be used as trust equivalents. Gold being the leading candidate is inevitable, thus led to gold leasing becoming the tool and mean of the world credit game.

Gold leasing to control credit

If the Fed were to engage in gold leasing, the lessee is the key in this process. In the bull market during the past several years, gold leasing agencies which shorted gold may incurred huge losses. Although these losses exist, we don’t see them because it’s possible for entities such as Lehman Brothers to manipulate their accounts. However, it is unlikely for the Fed to be involved directly in the shorting of gold reserves and manipulation of accounts, but it is entirely possible for the Fed to engage in gold leasing on a huge scale, and the related lessee could thus bear a huge loss. If the loss is exposed, even a large institution could collapse. This could create a crisis as bad as the one caused by the collapse of Lehman Brothers. Germany and the IMF should see the signs of such a crisis that would have a serious impact on the creditworthiness of countries and agencies.

…

Germany staged a coup on the US Fed

If the Fed’s large gold reserves are used in gold leasing, there will be a serious problem. Germany therefore will threaten the Fed’s dominant position by demanding their gold back; the Fed subsequently needs to withdraw the leased gold and thus could destabilize the market. This is a new credit game of international capital.

If the Fed is engaged in gold leasing it’s impossible that the Fed is able to show Germany and France their stored gold because the gold has been used in gold leasing. The Fed should be able to combine the remaining gold deposits from all remaining countries to allow for Germany’s inspection – Germany has no right to audit gold reserves of other countries. The Fed probably has agendas aimed at preventing Germany to inspect its gold or to ship it back to Germany. These agendas are likely to be related to the game of international finance and the credit game between countries. Gold is a financial and monetary product; it represents the authority of …

…

For the Fed, it is crucial that the dollar dominates the world and so the Fed will store gold reserves from countries all over the world to control the gold settlement system. If there were another gold settlement system, it would compete with the dollar’s trust. Natural gold credit would be a nightmare for the continuous printed dollar. The dollar can only be the world currency as a result of the United States controlling global gold settlement. However, if other countries want their gold back from the Fed, the Fed will lose its gold settlement position. Underneath the global gold reserves at the Fed, there is the promise of the United States to continue with the dollar-gold price under the Bretton Woods system. Since the collapse of the Bretton Woods system 30 years ago, it is suspected that the United States violated the original agreement; therefore other countries have the right to demand their gold reserves back from the Fed.

… If Germany holds its own gold reserves, this will restrict other countries to lease gold. Such action could create a panic over gold, subsequently support gold prices and blow the confidence of gold short sellers. This will have significantly more impact on the market’s confidence than actual market transactions. At a time when the market is concerned about the US Fed having a huge gold deficit, who dares to short gold on a massive scale? Here we should see the divergence between United States and Europe as well as with Germany.

This translation is a combination of two translations, by Maarten van Mourik and J. Chin, which were merged by Koos Jansen. T his link (choose file, than download) gives access to a document that contains the Chinese text as well as the two original translations by Mourik and Chin. READ ENTIRETY (Gold Leasing Is A Tool For The Global Credit Game; By Koos Jansen; In God We Trust; 8/31/13 6:56 pm)

________________________________

Edited by John R. Houk

Tony Newbill Emails Beginning 11-3 to 11-6-13

Most of these Newbill email relate to economic collapse and the Dollar collapse which will lead to some form of global and American chaos. One email pertains to a repugnant issue occurring in Syria still in a civil war. The issue is the occurrence of a disease that results by cannibalism.

JRH 12/14/13

Please Support NCCR

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A Corporate Trojan Horse

Sent: 11/3/2013 8:23 AM

You won’t believe this, it will further the call for a new trade currency as this TPP trade Policy will further collapse nations sovereignty valued in dollars internationally.

“A Corporate Trojan Horse”: Obama Pushes Secretive TPP Trade Pact, Would Rewrite Swath of U.S. Laws

http://www.democracynow.org/2013/10/4/a_corporate_trojan_horse_obama_pushes

As the federal government shutdown continues, Secretary of State John Kerry heads to Asia for secret talks on a sweeping new trade deal, the Trans-Pacific Partnership. The TPP is often referred to by critics as “NAFTA on steroids,” and would establish a free trade zone that would stretch from Vietnam to Chile, encompassing 800 million people — about a third of world trade and nearly 40 percent of the global economy. While the text of the treaty has been largely negotiated behind closed doors and, until June, kept secret from Congress, more than 600 corporate advisers reportedly have access to the measure, including employees of Halliburton and Monsanto. “This is not mainly about trade,” says Lori Wallach, director of Public Citizen’s Global Trade Watch. “It is a corporate Trojan horse. The agreement has 29 chapters, and only five of them have to do with trade. The other 24 chapters either handcuff our domestic governments, limiting food safety, environmental standards, financial regulation, energy and climate policy, or establishing new powers for corporations.”

… READ ENTIRETY

Or they are creating the Plutocracy crisis to piss off the sheeple so they will demand more Bigger Government Intervention……

Obama-Backed Trans-Pacific Partnership Expands Corporate Lawsuits Against Nations for Lost Profits.

The first part of this video talks about how the Surveillance Cabal by the NSA Spying is directly connected to the TPP International Trade Policy trying to rise up.

Start this video at 29:00 to hear what the Trade Policy that will create the International Legal Cabal on U.S Constitutional rights. And this Cabal allows the Multinational Corps to act as Sovereign citizens and sue Nations for Financial Losses.

http://www.democracynow.org/2013/6/6/obama_backed_trans_pacific_partnership_expands

The Obama administration is facing increasing scrutiny for the extreme secrecy surrounding negotiations around a sweeping new trade deal that could rewrite the nation’s laws on everything from healthcare and Internet freedom to food safety and the financial markets. The latest negotiations over the Trans-Pacific Partnership (TPP) were recently held behind closed doors in Lima, Peru, but the Obama administration has rejected calls to release the current text. Even members of Congress have complained about being shut out of the negotiation process. Last year, a leaked chapter from the draft agreement outlined how the TPP would allow foreign corporations operating in the United States to appeal key regulations to an international tribunal. The body would have the power to override U.S. law and issue penalties for failure to comply with its rulings.

We discuss the TPP with two guests: Celeste Drake, a trade policy specialist with the AFL-CIO, and Jim Shultz, executive director of the Democracy Center, which has just released a new report on how corporations use trade rules to seize resources and undermine democracy. “What is the biggest threat to the ability of corporations to go into a country and suck out the natural resources without any regard for the environment or labor standards? The threat is democracy,” Shultz says. “The threat is that citizens will be annoying and get in the way and demand that their governments take action. So what corporations need is to become more powerful than sovereign states. And the way they become more powerful is by tangling sovereign states in a web of these trade agreements.”

TRANSCRIPT

This is a rush transcript. Copy may not be in its … READ THE REST (Obama-Backed Trans-Pacific Partnership Expands Corporate Lawsuits Against Nations for Lost Profits; Democracy Now – A Daily Independent Global News Hour; 6/6/13)

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The 21 century Government and Corporate fascism 2.0

Sent: 11/4/2013 12:30 PM

Why the general public cannot compete in the phony free market while these 2 big 2 fail entities work off Government assistance indirectly through public entitlements and Federal Reserve Stimulus Policy

10 Corporations Control Almost Everything You Buy — This Chart Shows How

http://www.policymic.com/articles/71255/10-corporations-control-almost-everything-you-buy-this-chart-shows-how

Ten mega corporations control the output of almost everything you buy; from household products to pet food to jeans.

According to this chart via Reddit, called “The Illusion of Choice,” these corporations create a chain that begins at one of 10 super companies. You’ve heard of the biggest names, but it’s amazing to see what these giants own or influence.

(Note: The chart shows a mix of networks. Parent companies may own, own shares of, or may simply partner with their branch networks. For example, Coca-Cola does not own Monster, but distributes the energy drink. Another note: We are not sure how up-to-date the chart is. For example, it has not been updated to reflect P&G’s sale of Pringles to Kellogg’s in February.)

Here are just a few examples: Yum Brands owns KFC and Taco Bell. The company was a spin-off of Pepsi. All Yum Brands restaurants sell only Pepsi products because of a special partnership with the soda-maker.

$84 billion-company Proctor & Gamble — the largest advertiser in the U.S. — is paired with a number of diverse brands that produce everything from medicine to … READ THE REST (10 Corporations Control Almost Everything You Buy — This Chart Shows How; By Chris Miles; PolicyMic; 10/31/13)

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This is a very bad disease

Sent: 11/5/2013 9:36 AM

This is a very bad disease …..Due to limited treatment will Obamacare lead to this disease spreading???

http://shoebat.com/2013/11/04/new-cases-cannibalism-muslim-syria/

[Editor Note: the above Shoebat.com link is very disturbing and yet informative. It is worth posting in entirety]

Cannibalism In Syria Causes An Extremely Rare Disease

By Theodore Shoebat

November 4, 2013

Its (sic) called Kuru, an extremely rare disease which virtually became extinct after extinguishing cannibalism in Papua New Guinea. Amazingly Kuru has now been found in 8 to 20 people, out of all places, in war-torn Syria, and the only way it could have come about, doctors confirmed, is through cannibalism and the consumption of human brain, as first reported by Arabian news source Zaman al-Wasal and substantiated by Orient News Television.

Here is a documentary showing the connection between native sorcery, ritualized cannibalism, and its end result, Kuru:

VIDEO: Kuru: The Science and The Sorcery (52 Minute Documentary)

Two of the infected were sent from Syria to a hospital (sic) in Ghazi Antab in Turkey for further examination to only be transferred to another hospital in Germany. One of the two already died, since Kuru is 100% fatal. Kuru is contagious and has symptoms of skin ulcers and worms, and according to a piece on the New York Times,

Kuru is a very rare disease. It is caused by an infectious protein (prion) found in contaminated human brain tissue.

Kuru is found among people from New Guinea who practiced a form of cannibalism in which they ate the brains of dead people as part of a funeral ritual.

One of the infected men in the German hospital was confirmed to have eaten human flesh, and he eventually died. When the Turkish hospital was asked on the details of the cannibalism case, they refrained from saying anything.

Moreover, the Free Syrian Army said they will be doing an investigation on the cannibalism case, and this sparks a hunch as to what their intentions are behind this.

Overall, there are 8 to 20 cases of Kuru in Syria; Kuru strictly is caused by cannibalism, and cannibalism was involved from the report on what took place in the German hospital.

In past studies, it was established that in the area of Fore in Paupa (sic) New Guinea, Kuru was transmitted due to “ritualistic mortuary cannibalism.”

It is quite possible that this is what commenced the infection, in that the jihadists began to eat the flesh of their enemies.

Cannibalism is not beyond the nature of the Muslim rebels, here is a video of a Syrian jihadist eating a lung:

VIDEO: FSA Cannibalism: terrorists eat heart of a dead Syrian soldier in the …

We have written extensively on Islamic cannibalism, which can be found here, here, here, and here.

Please donate to Rescue Christians and and save Christian lives.

Get my latest book, For God or For Tyranny

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The Case that a Fed Bailout is Coming

Sent: 11/5/2013 10:27 AM

These links make the case that a Fed Bailout is coming and it will come through stock sales and the collapse of the Dow Jones.

They are creating the crisis with Debt accumulation instead of supply expansion and accumulation!!!!!!

The Fed has no endgame

http://money.msn.com/investing/the-fed-has-no-endgame

The financial markets are focused on guessing when the Federal Reserve will begin to reduce its $85 billion a month in asset purchases.

A move to buy fewer Treasurys and mortgage-backed securities — say, $70 billion to $75 billion a month as a first stage, instead of the current $85 billion a month — would lead, the market fears, to a rise in U.S. interest rates and a stronger dollar that would provoke a selloff in global markets.

The consensus now says this tapering won’t begin until March 2014 at the soonest, although the Fed’s press release after the October meeting of its Open Market Committee led to a pickup among traders and investors in votes for January 2014.

The Federal Reserve itself, however, has moved on in its worries and plans. While the timing of any taper remains an unsettled issue, planning at the Fed is now concentrating on the endgame.

After building up its balance sheet to a record $3.84 trillion — including $2 trillion in Treasurys and $1.4 trillion in mortgage-backed securities — the big question, and the one with much more impact in the long-term on the U.S. and global economies and financial markets, is how does the Fed sell these assets so it can cut its balance sheet back to normal levels?

The startling answer that’s starting to emerge from studies by the Fed’s own economists is … READ THE REST (The Fed has no endgame; By Jim Jubak; MSN Money; 11/4/2013 7:45 PM ET)

MSN Money’s Mirhaydari: Fed Must Act Fast to Prevent Deflation Disaster

http://www.moneynews.com/StreetTalk/inflation-deflation-disaster-Fed/2013/10/31/id/534150#ixzz2jmtliTOX

The Federal Reserve must do more and do it fast before we fall into a 1990s-style Japanese deflation disaster, argues MSN Money columnist Anthony Mirhaydari in an article for MarketWatch.

The Fed is continuing to purchase $85 billion of bonds a month in an effort to bolster the economy by keeping rates low.

It’s not enough, warns Mirhaydari, a former research analyst.

…

Mirhaydari recommends that the Fed inject funds directly into the economy by funding public-private infrastructure investment trusts or converting its Treasury holdings into equity-like assets, which would essentially erase some of the national debt. It could convert long-term bonds into zero-coupon perpetuity bonds.

“In other words, the Fed needs to do … READ ENTIRETY (MSN Money’s Mirhaydari: Fed Must Act Fast to Prevent Deflation Disaster; By Michael Kling; Money News; 10/31/13 01:42 PM)

As stimulus tab rises for Fed, worries grow it may require a bailout

http://www.latimes.com/business/la-fi-fed-assets-20131029,0,5018539.story#axzz2jmubdJ65

WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central bank ultimately could require its own taxpayer rescue.

The Fed’s total assets on its balance sheet have more than quadrupled to $3.8 trillion since 2008 amid a massive bond-buying effort. And there are few signs that the growth will stop any time soon.

That could put the finances of the world’s most powerful central bank at risk if historically low interest rates were to rise sharply — something top Fed officials said they do not expect but that critics warn is very possible.

It also could inhibit the ability of central bank officials to respond to future economic and financial crises.

“It’s really pretty cut-and-dried as far as the arithmetic goes: If you buy bonds and interest rates go up, you’re going to take a capital loss on those bonds,” said James D. Hamilton, an economics professor at UC San Diego. “The more they buy, the bigger their balance sheet, the bigger the loss they’re going to face.”

Federal Reserve policymakers meet Tuesday and Wednesday and are expected to continue purchasing $85 billion a month in low-interest-rate Treasury bonds and … READ THE REST (As stimulus tab rises for Fed, worries grow it may require a bailout; By Jim Puzzanghera; LA Times; 10/29/13 5:00 a.m.)

FHA to get $1.7 billion in its first taxpayer-funded bailout

http://articles.latimes.com/2013/sep/28/business/la-fi-0928-fha-bailout-20130928

WASHINGTON — The Federal Housing Administration dramatically expanded its role after the subprime market collapsed, but at the expense of its own finances. Now, the government agency will get a first-ever bailout of $1.7 billion.

In a letter Friday to Congress, the agency’s head said it needed money to stabilize its long-term finances and cover potential losses on the huge volume of low-down-payment mortgages it insured from 2007 to 2009.

It’s the first time the 79-year-old FHA — created during the Great Depression to keep home lending flowing — will require taxpayer funding.

And it will get the money automatically. The FHA is financed by mortgage insurance premiums charged to homeowners and has been self-sustaining through its history. But it has the authority to draw funds from the Treasury without asking Congress.

FHA Commissioner Carol Galante informed lawmakers the agency would need the money Monday, the last day of the fiscal year, to ensure it has sufficient reserves to cover anticipated losses on the loans it backs. A bailout has been expected since April, when the Obama administration’s proposed 2014 budget projected the FHA would need $943 million by Sept. 30.

But the agency asked for nearly twice that much because of a recent decline in business, caused by rising mortgage interest rates, Galante said.

Others believe the FHA will ultimately need far more. Government accounting rules mask even greater financial problems at the FHA, which … READ THE REST (FHA to get $1.7 billion in its first taxpayer-funded bailout; By Jim Puzzanghera; LA Times; 9/28/13)

Guest Post: Will The Fed Bailout China’s Financial System?

http://www.zerohedge.com/news/2013-08-25/guest-post-will-fed-bailout-chinas-financial-system

The twenty-first-century economy has thus far been shaped by capital flows from China to the United States – a pattern that has suppressed global interest rates, helped to reflate the developed world’s leverage bubble, and, through its impact on the currency market, fueled China’s meteoric rise. But these were no ordinary capital flows. Rather than being driven by direct or portfolio investment, they came primarily from the People’s Bank of China (PBOC), as it amassed $3.5 trillion in foreign reserves – largely US Treasury securities.

The fact that a single institution wields so much influence over global macroeconomic trends has caused considerable anxiety, with doomsayers predicting that doubts about US debt sustainability will force China to sell off its holdings of US debt. This would drive up interest rates in the US and, ultimately, could trigger the dollar’s collapse.

But selling off US Treasury securities, it was argued, was not in China’s interest, given that it would drive up the renminbi’s exchange rate against the dollar, diminishing the domestic value of China’s reserves and undermining the export sector’s competitiveness. Indeed, a US defense department report last year on the national-security implications of China’s holdings of US debt concluded that “attempting to use US Treasury securities as a coercive tool would have limited effect and likely would do more harm to China than to the [US].”

To describe the symbiotic relationship between China’s export-led GDP growth and America’s excessive consumption, the economic historians Niall Ferguson and Moritz Schularick coined the term “Chimerica.” The invocation of the chimera of Greek mythology – a monstrous, fire-breathing amalgam of lion, goat, and dragon – makes the term all the more appropriate, given that Chimerica has generated massive and terrifying distortions in the global economy that cannot be corrected without serious consequences.

In 2009, these distortions led Ferguson and Schularick to forecast Chimerica’s collapse – a prediction that seems to … READ THE REST (Guest Post: Will The Fed Bailout China’s Financial System? Submitted by Tyler Durden, Authored by Alexander Friedman; Zero Hedge; 8/25/13 11:19 -0500)

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Why the Federal Reserve is Flooding the Market with Dollars

Sent: 11/6/2013 8:28 AM

This is why the Federal Reserve is flooding the market with dollars, they are at war………

China seeks world role for ‘people’s money’

http://www.france24.com/en/20131106-china-seeks-world-role-peoples-money

With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.

The most attention-grabbing reform planned for Shanghai’s new free trade zone is free convertibility of the yuan — also known as the renminbi, or “people’s money” — an unprecedented change which would allow greater use of the currency.

But no timetable has been specified, and a true contest between Mao Zedong, Communist China’s founding father whose face is emblazoned on most yuan notes, and Benjamin Franklin on the $100 bill will be years in the making.

For decades the US has benefited to the tune of trillions of dollars-worth of free credit from the greenback’s role as the default global reserve unit.

But as the global economy trembled before the prospect of a US default last month, only averted when Washington reached a deal to raise its debt ceiling, China’s official Xinhua news agency called for a “de-Americanised” world.

It also urged the creation of a “new international reserve currency… to replace the dominant US dollar”.

For China — which has the world’s biggest foreign exchange reserves — the immediate appeal of a greater role for the yuan is lubricating trade flows and drawing foreign investment.

“Policymakers have made new efforts to increase the attraction of the renminbi in global markets,” said Capital Economics analyst Wang Qinwei.

He pointed to a deal with Britain in October allowing London-based institutions to invest directly in China — avoiding an expensive detour via Hong Kong — with an initial quota of 80 billion yuan ($12.9 billion).

A week later Beijing signed a similar 50 billion yuan agreement with … READ THE REST (China seeks world role for ‘people’s money’; By AFP; France 24; 11/6/2013)

China’s Yuan makes waves on international currency markets

http://www.vancouversun.com/Business/asia-pacific/China+yuan+makes+waves+international+currency/9123015/story.html#ixzz2jsLEEybU

Evidence the yuan is becoming truly global can be found in Rongrong Huo’s passport, which shows the HSBC banker bouncing from Switzerland to South Africa fielding inquiries from a growing number of clients on how they can trade China’s currency.

“The market potential is huge,” Huo, who heads HSBC’s yuan business development for Europe, said in an interview after returning to London from Warsaw. “Companies are asking, how can we make progress on this front? And investors are asking, how can we bring the yuan into our asset allocation? It’s encouraging to see the engagement. It’s about the future.”

Three years after China allowed the yuan to start trading in Hong Kong’s offshore market, banks and investors around the world are positioning themselves to get involved in what Nomura Holdings Inc. calls the biggest revolution in the $5.3 trillion currency market since the creation of the euro in 1999.

Daily yuan transactions surged to $120 billion in April from $34 billion in 2010, making it the ninth most-traded currency in the world, according to a September report by the Bank for International Settlements in Basel, Switzerland.

Merk Investments LLC in Palo Alto, Calif. said it’s adding “as much as” it can of offshore yuan to its $450 million of funds. Union Bank NA, a unit of Bank of Tokyo- Mitsubishi UFJ Ltd., is pushing wealthy clients to diversify their savings into yuan deposits, while CME Group Inc., the largest futures exchange, began offering trading in offshore yuan derivatives in February.

International use of the yuan is increasing as the world’s second-largest economy opens up its capital markets. In the first nine months of this year, about 17 per cent of China’s global trade was settled in the currency, compared with less than one per cent in 2009, according to … READ THE REST (China’s yuan makes waves on international currency markets; By Ye Xie, Maria Levitov and Fion Li, Bloomberg; Vancouver Sun; 11/4/13)

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Edited by John R. Houk

Tony Newbill Emails 10/9 to 10/16/13

In early October Newbill looked at the perils that might happen due the government not paying its bill and the debt ceiling. What would happen in America fiscal policies led to an economic collapse? Read and see.

JRH 11/1/13

Please Support NCCR

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Is Homeland Security Preparing for the Next Wall Street Collapse?

Sent: 10/9/2013 9:57 AM

http://www.opednews.com/articles/Is-Homeland-Security-Prepa-by-Ellen-Brown-Bail-in_Bailout_Banks_Budget-131008-976.html

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over twenty years. DHS has also acquired heavily armored tanks, which have been seen roaming the streets. Evidently somebody in government is expecting some serious civil unrest. The question is, why?

Recently revealed statements by former UK Prime Minister Gordon Brown at the height of the banking crisis in October 2008 could give some insights into that question. An article on BBC News on September 21, 2013, drew from an explosive autobiography called Power Trip by Brown’s spin doctor Damian McBride, who said the prime minister was worried that law and order could collapse during the financial crisis. ….

…

The Next Time WILL Be Different

What triggered the 2008 crisis was a run, not in the conventional banking system, but in the “shadow” banking system, a collection of non-bank financial intermediaries that provide services similar to traditional commercial banks but are unregulated. They include hedge funds, money market funds, credit investment funds, exchange-traded funds, private equity funds, securities broker dealers, securitization and finance companies. Investment banks and commercial banks may also conduct much of their business in the shadows of this unregulated system.

The shadow financial casino has only grown larger since 2008; and in the next Lehman-style collapse, government bailouts may not be available. According to President Obama in his remarks on the Dodd-Frank Act on July 15, 2010, “Because of this reform, . . . there will be no more taxpayer funded bailouts — period.”

…

When depositors cannot access their bank accounts to get money for food for the kids, they could well start breaking store windows and helping themselves. Worse, they might plot to overthrow the financier-controlled government. …

Fear of that result could explain the massive, government-authorized spying on American citizens, the domestic use of drones, and the elimination of due process and of “posse comitatus” (the federal law prohibiting the military from enforcing “law and order” on non-federal property). Constitutional protections are being thrown out the window in favor of protecting the elite class in power. (READ ENTIRETY; Is Homeland Security Preparing for the Next Wall Street Collapse? By Ellen Brown; OpEdNews; 10/8/2013 at 14:54:17; Read Page 2)

The Real Crisis Is Not The Government Shutdown

http://paulcraigroberts.org/2013/10/02/real-crisis-government-shutdown-paul-craig-roberts/

The inability of the media and politicians to focus on the real issues never ceases to amaze.

The real crisis is not the “debt ceiling crisis.” The government shutdown is merely a result of the Republicans using the debt limit ceiling to attempt to block the implementation of Obamacare. If the shutdown persists and becomes a problem, Obama has enough power under the various “war on terror” rulings to declare a national emergency and raise the debt ceiling by executive order. An executive branch that has the power to inter citizens indefinitely and to murder them without due process of law, can certainly set aside a ceiling on debt that jeopardizes the government.

The real crisis is that jobs offshoring by US corporations has permanently lowered US tax revenues by shifting what would have been consumer income, US GDP, and tax base to China, India, and other countries where wages and the cost of living are relatively low. On the spending side, twelve years of wars have inflated annual expenditures. The consequence is a wide deficit gap between revenues and expenditures.

Under the present circumstances, the deficit is too large to be closed. The Federal Reserve covers the deficit by printing $1,000 billion annually with which to purchase Treasury debt and mortgage-backed financial instruments. The use of the printing press on such a large scale undermines the US dollar’s role as reserve currency, the basis for US power. Raising the debt limit simply allows the … (READ THE REST; The Real Crisis Is Not The Government Shutdown; By Paul Craig Roberts; PaulCraigRoberts.org; 10/2/13)

Obama Destroying Dollar, China to Take U.S. Land for DEBT: Ann Barnhardt Video

http://beforeitsnews.com/economics-and-politics/2013/10/obama-destroying-dollar-china-to-take-u-s-land-for-debt-ann-barnhardt-video-2457188.html

VIDEO: OBAMA DESTROYING DOLLAR, CHINA to TAKE U.S. LAND for DEBT: Ann Barnhardt

Discussed in this interview:

*Government Shutdown, all “Theater” – (1:45)

*Obamacare to be Defunded? – (14:10)

*Difference Between the Republican and Democrat Parties? – (22:05)

*Events that might Trigger War or Financial Collapse – (33:12)

*Debt Ceiling Raised Till Debt Implodes; China to Take U.S. Land for Debt? – (36:00)

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This is incredible … you are not going to believe this!!!

Sent: 10/12/2013 9:02 AM

http://www.naturalnews.com/042427_Obamacare_private_details_Trojan_Horse.html

Warning: Enrolling in Obamacare allows government to link your IP address with your name, social security number, bank accounts and web surfing habits

(NaturalNews) We have already established that Healthcare.gov is not a functioning database application that allows people to shop for competing health plans. It is actually a government-run Trojan Horse that suckers people into creating accounts where they hand over:

• Name and address

• Email address and password

• Social security number

• Private bank account details

• Employer details and other information

During the enrollment process, your computer also hands over your IP address which is then tied to your social security number.

This IP address is then handed over to the NSA thanks to its new mega-black-hole data center in Utah, where your IP is cross-referenced with all website visits, including:

• “Anti-government” websites

• Porn sites

• Gambling sites

• File sharing sites

• “Terrorism” support sites

• Encryption service sites like Hushmail

• Chat rooms, message boards and more

Armed with this information, the NSA can then link your seemingly-anonymous online chats, comments and posts with your social security number. Linguistic algorithms can “score” your online posts to create red flags that call for additional investigations of anyone using words like “liberty” or “patriot.”

This information can then be turned over to … (READ THE REST: Warning: Enrolling in Obamacare allows government to link your IP address with your name, social security number, bank accounts and web surfing habits; By Mike Adams; NaturalNews.com; 10/10/13)

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Check out what Sebelius says here

Sent: 10/12/2013 10:12 AM

http://www.youtube.com/watch?v=e5z7i1H2z7U

Sebelius: We Are Bringing Western Civilization to Its Knees With Obamacare

http://code-interactive.com/ad-in/2013/10/the-most-infuriating-10-minutes-of-your-life/

Jon Stewart recently had HHS Secretary Kathleen Sebelius on his show to defend the debacle that is Obamacare. Little did he know he would be providing content for the most infuriating 10 minutes of your life.

First, Sebelius fumbles as she tries her best to defend the glitches in the program launch in which thousands of users were denied access to the websites. Then, she absolutely bombs when Stewart asks her a reasonable question: why are big corporations getting exemptions when everyday Americans aren’t? Steward had an answer that Sebelius couldn’t admit: it’s because big corporations have lobbyists; everyday Americans do not.

Stewart gets close to the real answer to all of this when he questions the mandate: why should individuals be forced to do something they don’t want?

Sebelius’s answer is that everyone must get health insurance (except for big corporations with lobbyists) because we don’t know when we’ll get sick, so you must pay for insurance regardless of whether you have high risk.

The problem with that mentality is that it artificially increases the demand for insurance, which inflates the cost of the product and inevitably creates a bubble, similar to the housing bubble in the 2000s. What’s more is that the government is … (READ THE REST: The Most Infuriating 10 Minutes of Your Life; By TAP 1; Ad-in; 10/8/13)

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Oh isn’t This Great News…..

Sent: 10/12/2013 11:33 AM

http://www.youtube.com/watch?v=5W6eL4OosJE

The End Goal!

http://www.dailysquib.co.uk/index.php?news=3089

Henry Kissinger: “If You Can’t Hear the Drums of War You Must Be Deaf”

NEW YORK – USA – In a remarkable admission by former Nixon era Secretary of State, Henry Kissinger, reveals what is happening at the moment in the world and particularly the Middle East.

Speaking from his luxurious Manhattan apartment, the elder statesman, who will be 89 in May, is all too forward with his analysis of the current situation in the world forum of Geo-politics and economics.

“The United States is baiting China and Russia, and the final nail in the coffin will be Iran, which is, of course, the main target of Israel. We have allowed China to increase their military strength and Russia to recover from Sovietization, to give them a false sense of bravado, this will create an all together faster demise for them. We’re like the sharp shooter daring the noob to pick up the gun, and when they try, it’s bang bang. The coming war will be so severe that only one superpower can win, and that’s us folks. This is why the EU is in such a hurry to form a complete superstate because they know what is coming, and to survive, Europe will have to be one whole cohesive state. Their urgency tells me that they know full well that the big showdown is upon us. O how I have dreamed of this delightful moment.”

“Control oil and you control nations; control food and you control the people.”

Mr Kissinger then added: “If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”

After pausing for a few minutes to collect his thoughts, Mr Kissinger, carried on: “We told … (READ THE REST: Henry Kissinger: “If You Can’t Hear the Drums of War You Must Be Deaf”; By Alfred Heinz; Daily Squib; 11/27/11 09:40:00)

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This Story Makes me Sick…..

Sent: 10/16/2013 8:58 AM

The Politics and then the reality behind the scenes of Politics is what this story portrays, and it makes me sick to think that we the people are so ignorant to think that today’s 2 party system is our way to sustain Liberty!!!!

http://shoebat.com/2013/10/15/ann-coulter-raises-important-question-liz-cheney/

Ann Coulter raises important question about Liz Cheney

During an appearance on Hannity, Ann Coulter singled out Republican establishment figures and identified them as ‘shysters’. Of all the ones she mentioned, Hannity took most exception to one – Liz Cheney. To this point, Coulter comes closest to our concerns about the daughter of the former vice president. The former asks a very important question relative to Cheney that many conservatives are willing to overlook because of a perception that Cheney is more conservative than her soon-to-be Republican primary opponent, incumbent Mike Enzi. Here is the relevant part of the exchange:

VIDEO: Ann Coulter says Liz Cheney a ‘Shyster’

The good news is that Coulter may be reaching the right conclusion albeit for incomplete reasons. The bad news is that some critical questions may need to be asked about Cheney and, to this point, Hannity exemplifies someone unwilling to ask them because he’s accepted the premise that she is an unabashed conservative. Coulter raises one of those questions, which is:

Why is Liz Cheney spending her time running against one of the most conservative Republican incumbents in the U.S. Senate? Could not her time be better spent elsewhere?

Coulter chalks it up to ego and an unhealthy dose of self-interest, which may be true. She’s asking a legitimate question and … (READ THE REST: Ann Coulter raises important question about Liz Cheney; By Shoebat Foundation; Shoebat.com; 10/15/13)

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So what would be the best way to see the U.S.A. go in dealing with its debts and obligations under these 2 scenarios?

Sent: 10/16/2013 10:57 AM

Would a default give Obama unprecedented presidential power?

http://www.foxnews.com/on-air/americas-newsroom/index.html#http://video.foxnews.com/v/2747976637001/would-a-default-give-obama-unprecedented-presidential-power/?playlist_id=86909

http://video.foxnews.com/v/2747976637001/would-a-default-give-obama-unprecedented-presidential-power/

Dennis Kucinich explains theory

Sequesters, Shutdowns and Defaults

http://leconomistamascherato.blogspot.com/2013/10/sequesters-shutdowns-and-defaults.html

http://www.huffingtonpost.com/stephen-zarlenga/sequesters-shutdowns-and-_b_4086071.html

in 225 years has the full faith and credit of the United States been held to ransom. But also never in 225 years has a solution been ready that can resolve this problem: the monetary reform bill HR2990 introduced into the 112th Congress by Dennis Kucinich.

For the 95th time in the last 67 years, Congress and the president are confronted with passing legislation to raise the “debt ceiling.”

What citizens should know is that our country can pay off its debt as it comes due; can put millions of people back to work rebuilding our crumbling infrastructure; can provide debt-free federal support for cash-strapped State governments, and end the so called great recession by putting cash in the hands of all our citizens through a citizens dividend. This gives small businesses what they need most – customers with cash to spend on their goods and services. All these things are made possible by the HR 2990 bill introduced by Dennis Kucinich and co-sponsored by John Conyers.

The bill accomplishes this by adjusting our money system from one of “debt money created by banks” when they make loans, to one of “money by law” created as money, not as debt, by our government. That power is already vested in Congress by the Constitution; “The Congress shall have the Power To… coin Money, regulate the Value thereof…” (Article 1, Section 8).

Congressmen should re-introduce and pass H.R. 2990, The National Emergency Employment Defense Act (NEED) that Congressmen Kucinich and Conyers sponsored in the last Congress.

The banking class and their economists have spread confusion over the nature of money. The confusion is largely responsible for the present misdirection of our leaders. So they allow the destruction of the American middle class, and of our democracy, our privacy and civil liberties. Even the planet is now threatened by degradation of Earth’s environment.

Throughout our history, great leaders such as Benjamin Franklin, John Adams, Thomas Jefferson, Andrew Jackson, Martin Van Buren, Wright Patman, Henry Gonzalez and Dennis Kucinich have confronted banks over the main question in our nation’s past: Who should have the power to create money – the banks for the enrichment of their “elite” owners, or the people through their elected representatives, to promote the general welfare and benefit our entire society.

Congress squabbles but the present system just can’t relieve or solve the problem —because the debt money system itself is the problem!

How The NEED Act Solves the Problem in 3 major steps:

1) The Federal Reserve is incorporated into our government, where people think it is now. A new Monetary Authority is established to avoid both inflation and deflation.

2) Simple accounting rule changes will prohibit banks from creating what we use for money by decisively ending fractional reserve lending. Banks would lend real money they have or receive from savers. This is what people think happens now.

3) Government creates and spends new money into circulation for infrastructure, education and health care; starting with the $2.2 trillion the engineers say we need to make our infrastructure safe, over the next 5 years. This alone will create over 7 million good jobs quickly.

Additionally: The national debt gets paid off as it comes due. If we continued with a “debt-money” system, we could never pay off the debt. The NEED Act provides a tax free Dividend to get money into the hands of all our citizens; and has a provision where … (READ THE REST: Sequesters, Shutdowns and Defaults; By Stephen Zarlenga; L’economista ($)mascherato; Posted 10/15/13)

[Blog Editor: I have to admit I was a little leery about Tony Newbill using the opinion of a Left Wing ideologue writing originally for HuffPo; however if his idea is modified away from such things as Marxist-Green thinking then ending the Fed and banks controlling how money is created is a good thing. The problem I have Zarlenga’s removal of money-control from banks is he strongly believes that Big Government should completely take on that role. Zarlenga vainly tries to veil Big Government control by saying representative members of both Houses of Congress would control the shots on government control. The reality absolute government control would go to the Executive Branch in which Obama has proven that Left Wing POTUS executes laws by fiat without Congress. Money-control should not be in the hands of Elitist Crony Capitalists (Banks/Fed) nor the hands of Big Government. Perhaps an innovative Free Market person can develop something like the Fed but accountable to voters rather than an Executive Branch appointment or Congressional approval.]

______________________________________

Edited by John R. Houk

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