Sunday, June 13, 2021

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Washington Is Destroying American Power

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by Paul Craig Roberts, Paul Craig Roberts:

Readers at home and around the world want to know what to make of the announcement that China henceforth will conduct oil purchases and sales in gold-backed Chinese currency.

Is this an attack by Russia and China on the US dollar? Will the dollar weaken and collapse from being discarded as the currency in which oil is transacted? These and other questions are on readers’ minds.

Below is my opinion:

The US dollar’s value depends on whether central banks, corporations, and individuals are content to hold their assets or wealth in dollars. If they are, it does not matter what currency is used to transact oil. If they are not, it does not matter if all oil is transacted in dollars. Why?
Because if they don’t want to hold dollars, they will dump the dollars as soon as the transaction is completed and move into other currencies or gold. What China is doing is creating a currency that might be a more attractive currency to hold.

It is possible that the gold-backed Chinese currency is a move against US power, but I see it differently. I see it as a protection against US power. China and Russia are disassociating from the dollar system, because Washington, in its abuse of the world currency role, uses the dollar payments mechanism to impose sanctions on other countries and to threaten them with exclusion from the payments clearing system.

In other words, Washington, instead of operating a fair system, uses its world currency role to dominate other countries. Russia and China are too strong to be dominated, and, thus, are throwing off the dollar system. If other countries follow, the dollar will cease to be an instrument of US control over the rest of the world.

To put it in different words, Bretton Woods gave Washington the responsibility for the world financial system. Washington abused the power entrusted to it by using the dollar system to destabilize other countries, such as Venezuela currently. Washington’s abuse of the world currency role in order to advance American financial and business interests and Washington’s power over the foreign and domestic policies of other countries has set in motion forces that will eliminate the dollar’s role as world reserve currency.

The hubris and arrogance of Washington are destroying American power.

Read More @ PaulCraigRoberts.org

Confirmed: Broccoli improves digestive health and protects against toxins, reducing inflammation

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by Michelle Simmons, Natural News:

A new study has discovered a new health benefit of broccoli: It improves digestive health and protects against toxins, according to a Science Daily report.

Researchers from Pennyslvania State University examined how cruciferous vegetables, such as broccolicauliflower, and sprouts, can improve digestive health and protect the gut from toxins.

“There are a lot of reasons we want to explore helping with gastrointestinal health and one reason is if you have problems, like a leaky gut, and start to suffer inflammation, that may then lead to other conditions, like arthritis and heart disease,” explained Gary Perdew, lead author of the study.

Perdew and his team conducted an experiment on two groups of laboratory rats: one with a higher ability to retain a healthy balance in the gut flora and protect against toxins and one with a lower ability. They added broccoli, which accounted for about 15 percent of the diet of the rats in both groups. Then, they added a substance that caused digestive problems to the meals.

The scientists suggested that cruciferous vegetables contain indole glucosinolates, an organic chemical compound. When digested, it breaks down into other compounds such as indolocarbazole in the stomach. These substances bind to and stimulate a receptor in the lining of the intestines known as aryl hydrocarbon receptor, which sustains gut health and provides barrier function. Furthermore, this may lower the risk of developing diseases, such as different types of cancers and Crohn’s Disease, brought about by inflammation in the lining of the gut.

Results showed that the mice with a higher binding ability can endure digestive problems linked with a leaky gut and colitis compared to the group of mice with a lower binding ability.

“Keeping your gut healthy and making sure you have a good barrier functions so you’re not getting this leaky effect would be really big,” Perdew said.

He explained that good barrier functions help protect the intestines from toxins and harmful microorganisms. At the same time, nutrients are allowed to pass into the system.

For the equivalent in humans, consuming about 3.5 cups of broccoli per day is needed to get the health benefits of broccoli, according to the researchers.

In addition, Perdew suggested that a cup of brussels sprouts could give the same level as they contain three times as much indole glucosinolates as broccoli.

“We used a cultivar – or a variety – with about half the amount of this chemical in it, and there are cultivars with twice as much,” he said.

The study, published in the Journal of Functional Foods, may pave the way for future studies on how people with digestive conditions such as colitis can benefit from eating broccoli without having digestive problems, as they are often advised not to consume too much fibrous vegetables.

More on the leaky gut syndrome

Leaky gut syndrome is said to be a root cause of different health problems. The proponents of leaky gut syndrome believe that the bowel in the lining can become irritated and leaky due to different factors such as overgrowth of yeast or bacteria in the gut, a poor diet, and the overuse of antibiotics, according to the U.K.’s National Health ServiceMoreover, undigested food, bacterial toxins, and germs can pass through the leaky gut wall and into the bloodstream, which triggers the immune system and leads to inflammation. (Related: What causes leaky gut syndrome and how to heal the intestines.)

Read More @ NaturalNews.com

The Added Liquidity Caused By 2 Votes

by J. Johnson, Miles Franklin:

We have been involved in one heck of a transition these past 5 quarters. Not only has the politically gamed background been forced up front and center for both party’s embarrassment, the intelligence agencies and foreign agreements (entanglements such as those of NATO, NAFTA, CAFTA et al.) are now totally open to full exposure speculation.  And boy the protestations coming from those that are finally being looked at are loud and obnoxious aren’t they? So much commotion is going on that it is really hard to stay on a singular subject without asking if we are not being told all we need to know.

If we stick to the subjects within the sectors of precious metals and currency, we’ll find that there seems to be very little meaningful data at hand with the only exceptions coming from the financial priests on high (G7) who claim all is well and to fear not what they do, for their data is invincible. So what if it’s all in secret?  It’s all they say but it doesn’t jive with what we are living thru at present.

Without getting into all the other things that used to make the movements within the markets, we’ll look at what has happened based on a time period from June 2016 to the present in chart form. The US Dollar is our first post; with a brand new low

The European Currency is next; with a brand new high

Now Gold;

And of course Silver; both seem to be coiling

Each one of these charts are set up in the continual format in order to keep balance in the prices during what is called the roll over periods in the commodities market. The charts all seem to be pointing to a clarification of contention and imo, we’re about to see some volatile movements in fiat and a continued climb in precious metals.  I set these charts up to show the changes that have occurred from June 2016 to the present because a major currency event occurred and since that time another happened that required the term “liquidity” to be used beyond what has ever happened in the past.

The Brexit Vote was taken in June 2016 with the outcome going towards England not becoming a player in the failed system of conjoin nations. I call it failed because ironically no one thought about the “what if” scenarios, like having a way out of the failed marriage after the money was gone or other uncalculated events not brought up before the blind acceptance.  It failed for the simple reason that it was built that way, because those that decided upon the terms knew what they were doing by not allowing exit terms.  Now the populations of each enslaved nation are starting to react negatively and their anger is aimed upwards and towards these deciders.  It’s obvious to all under the conditions created that the whole idea of central planning anything failed, to the point that no other country wants to join. In fact, more and more countries want to leave and now the actors on stage are playing it out like “Sorry, we have no exit clause …. Too bad it wasn’t planned out in case we failed!”

The US Dollar and the European Currency (EC) go against one another almost exactly, but the precious metals follow their own course and are in line positively with the Brexit reaction. First the Dollar explodes from around 91 to just under 97 and the EC goes from around 1.1450 down to about 1.0950, all in a three day period. That type of swing used to be very disruptive in all things currency and debt but apparently it means nothing anymore. Now we see a new low for the past year in the Dollar and a new high in the EC, I think it is possible these trends will continue.

Silver and Gold traders seemed to have had a longer lasting view about the Brexit vote in that they knew this would be very disruptive to the entire G7 currency system no matter what the outcome.  Most likely because of the many failed attempts to leave the union after a nation was absorbed into the uncontrollable clutches of EU debt and its new rules.  Gold went from around $1,200 to about $1,380 (13{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}) in a short period of time and Silver went from just below $16 to just over $21 (23{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528}). Indeed a decent move for both metals but the one piece of data that cannot be seen in these charts is the jump up in Open Interest within Silver that made a life of contract high during the Brexit vote period and the Trump win in November.

Open Interest is the total amount of buyers and sellers holding their contracts overnight. The highest Open Interest ever recorded before these two events was around 198,000. When Silver tried to surpass the 1980 all time high most recently 2011, the OI was only in the 135,000 area, but now our new mark to beat is 235,000 OI which happened during these 2 votes. What does this tell us? Imo, some hedgers or flat out new shorts have come in to supply liquidity for the buyers. At least that was the micro-phoned statement used by main stream to blow over the fact that these prices do not represent mined products, just a diluted way of reducing the price under dollar terms and additional shorted contracts.

There seems to be an issue with these 2 separate events (Brexit/Trump) but both create the impression that they are in play inside the Comex Silver market and it’s Open Interest. Many sources from withinGATA and other experts over the past 2 decades, have stated they believe that Silver IS the lynchpen to all things monetary. If that is close to being true it would explain why Comex Silver contracts have such a huge point of leverage with 5,000 troy ounces per trade compared to Golds 100 ozs.  In truth I don’t know how they came up with these contract sizes. They certainly do not represent any sort of 15 to 1 ratio in what used to be our nations currency spread between the 2 metals.

Read More @ MilesFranklin.com

How The Elite Dominate The World – Part 3: 90{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Of What You Watch On Television Is Controlled By Just 6 Giant Corporations

by Michael Snyder, The Economic Collapse Blog:

How much is your view of the world shaped by what you see on television?  On average, Americans spend more than 150 hours watching television every month, and it is called “programming” for a reason.  If you allow anyone to pour ideas and information into your mind for five hours a day, it is going to change how you look at reality.  Everyone has an agenda, and every single news program, television show and movie is trying to alter your views.  Sadly, our society has become absolutely addicted to media, and the mainstream media is completely dominated by the elite.  In fact, about 90 percent of the programming that comes through your television is controlled by just 6 gigantic media corporations.  Most of us are willingly plugging ourselves into this “propaganda matrix” that is completely dominated by the elite for several hours each day, and that gives them an enormous amount of power over the rest of us.

In Part I and Part II of this series, I discussed how the elite use money as a tool to dominate the planet.  Today, we are going to talk about how they use information.  If you control what people think, then you control a society.  And through their vast media empires, the elite are able to shape how we all think to a frightening degree.

Just think about it.  What do we talk about with our family, our friends and our co-workers?  To a large extent, those conversations are about movies, television shows, something that we just saw on the news or a sporting event that just took place.  The reason why we talk about certain things is because the mainstream media gives those things attention, and other things we ignore because the mainstream media does not make them seem to be important.

The mainstream media literally sets the agenda for our society, and it would be difficult to overstate the power that is in their hands.  And as I mentioned above, the mainstream media is almost entirely controlled by just 6 colossal corporations.  The following list of these 6 corporate giants comes from one of my previous articles, and this is just a sampling of the media properties that they each own…

Comcast

NBC
Telemundo
Universal Pictures
Focus Features
USA Network
Bravo
CNBC
The Weather Channel
MSNBC
Syfy
NBCSN
Golf Channel
Esquire Network
E!
Cloo
Chiller
Universal HD
Comcast SportsNet
Universal Parks & Resorts
Universal Studio Home Video

The Walt Disney Company

ABC Television Network
ESPN
The Disney Channel
A&E
Lifetime
Marvel Entertainment
Lucasfilm
Walt Disney Pictures
Pixar Animation Studios
Disney Mobile
Disney Consumer Products
Interactive Media
Disney Theme Parks
Disney Records
Hollywood Records
Miramax Films
Touchstone Pictures

News Corporation

Fox Broadcasting Company
Fox News Channel
Fox Business Network
Fox Sports 1
Fox Sports 2
National Geographic
Nat Geo Wild
FX
FXX
FX Movie Channel
Fox Sports Networks
The Wall Street Journal
The New York Post
Barron’s
SmartMoney
HarperCollins
20th Century Fox
Fox Searchlight Pictures
Blue Sky Studios
Beliefnet
Zondervan

Time Warner

CNN
The CW
HBO
Cinemax
Cartoon Network
HLN
NBA TV
TBS
TNT
TruTV
Turner Classic Movies
Warner Bros.
Castle Rock
DC Comics
Warner Bros. Interactive Entertainment
New Line Cinema
Sports Illustrated
Fortune
Marie Claire
People Magazine

Viacom

MTV
Nickelodeon
VH1
BET
Comedy Central
Paramount Pictures
Paramount Home Entertainment
Country Music Television (CMT)
Spike TV
The Movie Channel
TV Land

CBS Corporation

CBS Television Network
The CW (along with Time Warner)
CBS Sports Network
Showtime
TVGN
CBS Radio, Inc.
CBS Television Studios
Simon & Schuster
Infinity Broadcasting
Westwood One Radio Network

If nobody tuned in to their “programming”, they would not have any power over us.

But according to a report put out by Nielsen, Americans are plugging into “the matrix” more than ever before.  The following is how our daily use of media breaks down by device

Live TV: 4 hours, 31 minutes
Time-Shifted TV: 33 minutes
Radio: 1 hour, 52 minutes
DVDs: 8 minutes
Video Game Consoles: 14 minutes
Multimedia Devices (Apple TV, Roku, etc.): 13 minutes
Internet on PC: 58 minutes
Smartphone: 1 hour, 39 minutes
Tablet: 31 minutes

When you total those numbers up, it comes to 10 hours and 39 minutes.

In essence, Americans are spending most of their waking hours plugged in to something.

And if you only add together “live television” and “time-shifted television”, Americans are spending an average of more than five hours each day just watching television.

Of course many of us spend countless hours on the Internet as well.  It has been estimated that 54,907 Google searches are conducted, 7,252 tweets are posted, 125,406 YouTube videos are viewed, and 2,501,018 emails are sent out every single second.

You may have guessed this already, but most of the news and information that we consume on the Internet is also controlled by the elite

Overall, the top 10 publishers — together owning around 60 news sites — account for 47{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of total online traffic to news content last year, with the next-biggest 140 publishers accounting for most of the other half, SimilarWeb found.

The biggest online news publisher for the U.S. audience was MSN, owner of MSN.com, with just over 27 billion combined page views across mobile and desktop, followed by Disney Media Networks, owner of ESPN and ABC News, with 25.9 billion.

Read More @ TheEconomicCollapseBlog.com

Goldman Sachs Says Gold Is Better Than Bitcoin

by Dave Kranzler, Investment Research Dynamics:

“Precious metals remain a relevant asset class in modern portfolios, despite their lack of yield,” analysts including Jeffrey Currie and Michael Hinds wrote. “They are neither a historic accident or a relic.” Looking at properties such as durability and intrinsic value, they are still relevant even with new materials discovered and new assets emerging, such as cryptocurrencies, they said (LINK)

Here’s what blows my mind:  When gold ran from $250 to $1900, the entire western mainstream financial media called it a bubble. Bitcoin has run from $250 to $5500 and price momentum-chasers and the usual hypster con artists exclaim that it’s going to $100,000. Qu’est-ce que c’est, Rudolph Havenstein?

This is typically what a bubble looks like:

NVDA is without a doubt in a parabolic bubble. In a recent Short Seller’s Journal I explained in detail why NVDA’s fundamentals might justify a price closer $30 and provided ideas for shorting NVDA. Short-selling is the market’s method of introducing accountability and price discovery into the valuing assets. The problem with Bitcoin is that it can’t be borrowed and shorted. There’s no mechanism to impose express a bearish view of Bitcoin’s fundamental value.

The Goldman report goes on to say:   Intrinsic value:   There’s a limited supply of gold and other precious metals in the Earth’s crust, whereas in the case of cryptocurrencies, it’s easy to create alternatives, meaning there’s effectively no control over supply at a macroeconomic level and no intrinsic value due to rarity.  Unit of account: Gold is better at holding its purchasing power, and has much lower daily volatility. Bitcoin/dollar volatility has averaged almost seven times that of gold in 2017, the bank said.

Read More @ InvestmentResearchDynamics.com

Wells Fargo Gets Clocked in California

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by Wolf Richter, Wolf Street:

Why is Tim Sloan still CEO, asks California Treasurer.

In a letter so brutally scathing it’s practically funny, California Treasurer John Chiang skewers Wells Fargo, its Board of Directors, and its new CEO Tim Sloan. And he extended the sanctions on Wells Fargo, first imposed in September last year, by “at least” another year.

The Treasurer’s office oversees “nearly $2 trillion in annual banking transactions, manages a $75 billion investment pool, and is the nation’s largest issuer of municipal debt,” Chiang pointed out last year when he imposed the sanctions on Wells Fargo’s “most highly profitable business relationships with the State of California.” Those sanctions include:

  • Suspension of investments by the Treasurer’s Office in all Wells Fargo securities.
  • Suspension of the use of Wells Fargo as a broker-dealer for purchasing of investments by his office.
  • Suspension of Wells Fargo as a managing underwriter on negotiated sales of California state bonds where the Treasurer appoints the underwriter.

With these sanctions, Chiang sought “real accountability and lasting reforms.” But it’s a long and complex relationship that dates back to the Gold Rush era:

Wells Fargo has evolved to become the nation’s second largest bank by total assets. California is set to become the world’s fifth largest economy. What we each do, therefore, matters and effects the public interest.

The sanctions were first triggered by revelations last year that Wells Fargo “had fleeced its own customers by opening millions of bogus accounts” which “raised concerns about the bank’s culture, leadership, and loyalties.” The sanctions were aimed “to spur” the leadership to answer this question:

“Could Wells Fargo identify and eradicate the root causes of this widespread and recalcitrant culture of customer abuse and restore public trust?”

Wells Fargo did accomplish a few things Chiang had demanded, including:

  • Separating the CEO and the chairman into two positions
  • Three of the board members “at the helm” at the time of the “bogus accounts scam and other abuses” have departed or will soon.
  • Key executives were fired and “there have been claw-backs of executive compensation across the company.”
  • Incentives for cross-selling having been eliminated.

 

But now there has been “a string of new disclosures about bad practices at the bank,” a veritable “infestation of problems” that “have come scurrying out of dark corners within Wells Fargo,” among them:

  • The number of phony accounts has ballooned from an initial 2 million to now 3.5 million.
  • This past July, news broke that as many as 800,000 consumers were forced by the bank to buy “lender -based” car insurance they did not need, tipping a quarter of a million Wells Fargo customers into delinquency and triggering 25,000 vehicle repossessions.
  • In August, a new and different auto insurance fraud scandal broke in which the bank is being accused of failing to make refunds to consumers who paid off their loans early.
  • Also in August, Wells Fargo agreed to pay $108 million to settle a lawsuit claiming it overcharged military veterans under a federal mortgage refinancing program.

As revelations like these are recurring “with such regularity,” Americans could “become de-sensitized to the bank’s pervasive exploitation of the public’s trust.” He added, “It concerns me when systemic fraud and abusive banking practices are broadly viewed as the new normal.”

The bank’s “reluctance to hang a lantern over past and present mistakes undercuts claims of repentance and meaningful reform.” He listed three examples of what Wells Fargo failed to do:

Read More @ WolfStreet.com

Weinstein Company Loans: Banks Have Egg on their Face Over Effusive Praise

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by Pam Martens and Russ Martens, Wall St On Parade:

In 2013, when a division of CIT served as a joint lead arranger for a $370 million senior secured credit facilityto the Weinstein Company, an executive of the lender, Kevin Khanna, issued a statement effusively praising the management of the Weinstein Company, stating:

“The Weinstein Co. is one of the premier Hollywood studios in the world and we are pleased to further expand our relationship with them through this recent financing. As a key player in the film financing sector, we pride ourselves in putting our knowledge to work on behalf of our clients to help them achieve their goals.”

Today, the Weinstein Company stands as the premier poster boy for mismanagement of its brand, reputation and franchise as sexual assault and sexual harassment charges, stretching over three decades, have been lodged against its co-founder and key executive, Harvey Weinstein. The charges have ricocheted around the world for almost two weeks with police investigations now open in New York and London. (Harvey Weinstein was fired by the Board a few days after the first story appeared in the New York Times and just two days before a second article would appear in the New Yorker, which added claims of rape by three women to the mushrooming scandal.)

Last year, Opus Bank was even more lavish in its praise for the Weinstein Company when it announced that it had provided $15 million of a $400 million senior credit facility which was “agented” by Union Bank.

Michael Allison, Co-President of Opus Bank and President of Opus’ Commercial Bank had this to say in a press release at the time:

“At Opus, we believe that by providing capital funding to mature, established and well run media and entertainment-related companies that are primed for disciplined and thoughtful growth and expansion, we can be a catalyst for the creation of new jobs and rebuilding of healthy, vital, and vibrant communities up and down the West Coast.”

But the Weinstein Company was the antithesis of a “well run media” company and was a complete failure at providing “disciplined” management. Its Board was aware of multiple prior settlements with women over charges of sexual misconduct by Harvey Weinstein but renewed his employment contract anyway.

In 2013, Tony Beaudoin, a Senior Vice President at the time at Union Bank, told the Wall Street Journal that “The Weinstein Co. has instilled the highest confidence level in the banking market since its inception.” His remarks were made in the context of describing a large new credit facility it was participating in for the company.

Major banks have been involved in these credit facilities for at least the past five years, raising the question as to what law firms did the due diligence on the loans.

Also being pondered around Hollywood is how honest Harvey Weinstein was being with the Hollywood Reporter last year when he told it that the company had “no debt.” Weinstein is quoted as follows:

“The TV company is worth $500 million, $400 million at the worst. There is no debt. If we let go tomorrow, selling the library and selling the TV, the company is worth $700 million, $800 million in a worst-case scenario. And there is no debt.”

Read More @ WallStOnParade.com

How The Elite Dominate The World – Part 2: 99.9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} Of The Global Population Lives In A Country With A Central Bank

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by Michael Snyder, The Economic Collapse Blog:

Even though the nations of the world are very deeply divided on almost everything else, somehow virtually all of them have been convinced that central banking is the way to go.  Today, less than 0.1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the population of the world lives in a country that does not have a central bank.  Do you think that there is any possible way that this is a coincidence?  And it is also not a coincidence that we are now facing the greatest debt bubble in the history of the world.  In Part I of this series, I discussed the fact that total global debt has reached 217 trillion dollars.  Once you understand that central banks are designed to create endless debt, and once you understand that 99.9{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the global population lives in a country that has a central bank, then it finally makes sense why we have accumulated so much debt.  The elite of the world use debt as a tool of enslavement, and central banking has allowed them to literally enslave the entire planet.

Some of you may not be familiar with how a “central bank” differs from a normal bank.  The following definition of a “central bank” comes from Wikipedia

A central bankreserve bank, or monetary authority is an institution that manages a state’s currencymoney supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency,[1] which usually serves as the state’s legal tender.

Over the past 100 years or so, we have seen central banks steadily be established all over the planet.  At this point, there are just 8 very small nations that still do not have a central bank…

-Andorra
-Monaco
-Nauru
-Kiribati
-Tuvalu
-Palau
-Marshall Islands
-Federated States of Micronesia

When you add the populations of those 8 nations together, it comes to much less than 0.1{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} of the global population.

But even though central banking is nearly universal, only a very small fraction of the global population can tell you how money is created.

Do you know where money comes from?

Here in the United States, most people just assume that the federal government creates money.  But that is not true at all.

Many are absolutely shocked when they discover that U.S. currency is actually borrowed into existence.  The federal government gives U.S. Treasury bonds (debt) to the Federal Reserve in exchange for money that the Federal Reserve creates out of thin air.  The Federal Reserve then auctions off those bonds to the highest bidder.

Since the federal government must pay interest on those bonds, the amount of debt that is created in these transactions is actually greater than the amount of money that is created.  But we are told that if we can just circulate the money throughout our economy fast enough and tax it at a high enough rate, then we can eventually pay off the debt.  Of course that never actually happens, and so the federal government always has to go back and borrow even more money.  This is called a debt spiral, and at this point we will never be able to escape it until we do away with this horrible system.

But why does our government (or any government for that matter) have to borrow money that is created by a central bank in the first place?

Why can’t governments just create money themselves?

Oops.  That is the big secret that nobody is supposed to talk about.

Theoretically, the U.S. government doesn’t actually have to borrow a single penny. Instead of borrowing money the Federal Reserve creates out of thin air, the federal government could just create money directly and spend it into circulation.

Yes, this could actually happen.  Back in 1963, President John F. Kennedy signed Executive Order 11110 which authorized the U.S. Treasury to issue debt-free “United States Notes” which were not created by the Federal Reserve.  These debt-free notes began to be issued, and you can still find them for sale on eBay today.  Unfortunately, President Kennedy was assassinated shortly after this executive order was issued, and the notes were not in production for long.

If we had ultimately fully adopted “United States Notes” and had phased out Federal Reserve notes, we would not be 20 trillion dollars in debt today.

The elite of the world love to get national governments deep into debt, because it enables them to enslave entire populations while making an obscene amount of money in the process.

Back in 1913, an insidious plan was rushed through Congress just before Christmas that was based on a blueprint that had been developed by very powerful Wall Street interests.  Author G. Edward Griffin did an extraordinary job of documenting how all of this happened in his book entitled “The Creature from Jekyll Island: A Second Look at the Federal Reserve”.  A central bank was established, and it was purposely designed to create a government debt spiral, and that is precisely what happened.

Since 1913, the size of the national debt has gotten more than 6,000 times larger, and the value of our dollar has declined by more than 98 percent.  Many conservatives are still under the illusion that we could get out of debt someday if we just grow the economy fast enough, but I have shown in another article that we have gotten to the point where this is mathematically impossible.

And most people are also operating under the false assumption that the Federal Reserve is part of the federal government.  But that is not accurate either.  The following comes from one of my previous articles

There is often a lot of confusion about the Federal Reserve, because a lot of people think that it is simply an agency of the federal government. But of course that is not true at all. In fact, as Ron Paul likes to say, the Federal Reserve is about as “federal” as Federal Express is.

The Fed is an independent central bank that has even argued in court that it is not an agency of the federal government. Yes, the president appoints the leadership of the Fed, but the Fed and other central banks around the world have always fiercely guarded their “independence”. On the official Fed website, it is admitted that the 12 regional Federal Reserve banks are organized “much like private corporations”, and they very much operate like private entities. They even issue shares of stock to the private banks that own them.

In case you were wondering, the federal government has zero shares.

According to the U.S. Constitution, a private central banking cartel should not be issuing our currency.  In Article I, Section 8 of our Constitution, Congress is solely given the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.

Read More @ TheEconomomicCollapseBlog.com

WEEK 6 OF THE NFL BOYCOTT SHOWS DOZENS OF FOOTBALL STADIUMS HALF FILLED AS FAN OUTRAGE COSTING MILLIONS

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by Geoffrey Grider, Now The End Begins:

The NFL likely hoped for a return to normalcy for Week 6, especially after Commissioner Goodell’s call to “move past the anthem controversy,” and address the issue in detail at league meetings on Tuesday. Instead, what the NFL got was a return to what has become the “new normal” in the age of anthem protests: empty seats.

THE NFL LIKELY HOPED FOR A RETURN TO NORMALCY FOR WEEK 6, ESPECIALLY AFTER COMMISSIONER GOODELL’S CALL TO “MOVE PAST THE ANTHEM CONTROVERSY,” AND ADDRESS THE ISSUE IN DETAIL AT LEAGUE MEETINGS ON TUESDAY. INSTEAD, WHAT THE NFL GOT WAS A RETURN TO WHAT HAS BECOME THE “NEW NORMAL” IN THE AGE OF ANTHEM PROTESTS: EMPTY SEATS.

EDITOR’S NOTE: The NFL, steeped in its arrogance and billions, forgot what side their bread was buttered on. Football is entertainment, nothing more. And when you hijack that with social justice politics from snowflake Liberals, fans won’t stand for it and rightly so. You cannot equate the love of football with the love of country, then trash that country and expect nothing to change. Roger Goodell should call Target and find out how much last year’s boycott by Christians over the transgender bathroom issue cost them. Here’s a hint, Roger…$15 billion. So by all means, keep doing what you’re doing, it’s working great.

Throughout the league, stadiums could be seen with thousands of empty seats at kickoff, and, in some cases in the middle of the game.

HERE IS A PIC WITH SEVERAL EMPTY, OR NEAR EMPTY STADIUMS AT KICKOFF ON SUNDAY:

Note, that the Jets played New England on Sunday, meaning there should have been a big crowd for that game. The Texans, Atlanta, and Baltimore are also very relevant teams with relatively loyal fan bases. Yet, thousands upon thousands of fans no-showed or didn’t buy tickets for those games.

Here’s a shot of the Jaguars stadium at kickoff:

Read More @ NowTheEndBegins.com

New Elections in Catalonia Coming: By Force or Peacefully?

by Mish Shedlock, MishTalk:

In a letter to prime minister Mariano Rajoy, Catalan president Carles Puigdemont asks Spain to end “repression of the Catalan people”. Puigdemont still did not say whether or not Catalonia declared independence. Meanwhile, a prosecutor seeks to hold Catalan police chief in prison with no bail.

Puigdemont Requests “Sincere Dialog”

Last week Rajoy gave Puigdemont a deadline of Monday to say whether or not he was declaring independence. The deadline went unanswered.

Instead, Puigdemont sent a letter to Rajoy seeking a sincere dialog, but it is a dialog that Rajoy will not accept.

Meanwhile, High Court Judge Carmen Lamela had to decide whether or not to grant the request of the public prosecutor to hold the chief of the Catalan police force, Josep Lluís Trapero, in prison without bail. Trapero appeared in Spain’s High Court in Madrid today for the second time, on charges of sedition.

At around 6.20pm, news broke that Trapero would not have to be held in custody, and was released under precautionary measures.

Letter to Rajoy

El Pais has the full text of the Letter to Rajoy, transcribed in English. The letter states that the Catalan police (Mossos d’Esquadra), is one of the most respected police forces in Europe, and police chief Trapero faithfully and rigorously fulfills its duty.

Here is the letter’s conclusion:

In this episode of repression, we have also seen, among of things, the violation of fundamental rights; the intervention with and freezing of bank accounts which prevents us from fulfilling our obligations to people who most need them; internet and media censorship; interference in private post; detention of public servants; brutal police violence against a peaceful population on October 1.

Our proposal of dialogue is sincere, in spite of all that has occurred, but logically it is not compatible with the current climate of threats and rising tension.

The second request is that we organize a meeting, as soon as possible, which will allow us to explore initial agreement. Let’s not allow this situation to deteriorate more. In good faith, recognizing and facing the problem head on, I am sure we can find a way towards a solution.

Yours sincerely,

Carles Puigdemont i Casamajó

Premier of the Generalitat of Catalonia

New Elections Coming

Since Rajoy will not hold a dialog, new elections are coming one way or another.

If Rajoy invokes article 155, elections will be by force. Puigdemont may also call for new elections. Also, the radical CUP party which is upset that Puigdemont has not already declared independence may pull support for Puigdemont which would end the fragile coalition, also resulting in new elections.

Read More @ MishTalk.com