Monday, June 24, 2019

SOCIALISM – A GUARANTEED ROUTE TO HYPERINFLATION

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by Egon von Greyerz, Gold Switzerland:

Gold is hated by governments around the world because it reveals their deceitful actions in totally destroying the economy. It is not an accident that gold is the only money which has survived for 6,000 years. Gold is the only money that tells the truth. And gold is nature’s money which means it cannot be destroyed and it cannot be manufactured.

This is why governments cannot live with gold as money for more than short periods. Because over time governments always spend more than the country earns. At that point their survival can only be assured by buying votes. And printing money is a very cheap way of buying votes. It costs nothing when you own the printing presses (or computers) and it is very effective short term. The problem is when that little boy shouts out: “The emperor has no clothes”. At that point everybody will realise that we all live in a world based on lies and debt.

In the next few years, country after country will find a naked emperor and empty coffers. The irresponsibility and incompetence of regimes know no borders. Take a country like Venezuela which hit the jackpot by sitting on free oil reserves of massive quantities. Venezuela has the biggest oil reserves in the world. But in spite of that, Venezuela has today reached economic misery.

This is what Charles Dickens wrote in David Copperfield:

“Annual income twenty pounds, annual expenditure nineteen, nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”

SOCIALISM ONLY WORKS WITH OTHER PEOPLE’S MONEY

But that simple rule for happiness seems impossible to follow for any nation today. Almost every country in the world is on the side of misery with the deficit being made up by debt or printed money. Margaret Thatcher said it better than anyone: “The problem with socialism is that you eventually run out of other people’s money.” And that is exactly what the world is doing. By borrowing more and printing more, socialism is not creeping but flooding into most Western countries as well as the rest of the world.

The table below shows total government spending as a percentage of GDP. In ten countries the government spends 50% or more of total GDP. These include all the Nordic countries with Finland the worst at almost 60%, as well as France, Greece, Belgium, Italy, Austria and Hungary. The US is just under 40% but is likely to increase substantially in the next few years as the economy falters and the government opens up the money spigots. When a government spends 40%-60% of total GDP, this is not just socialism. No, it is a total waste of a country’s resources. It means stealing 40% to 60% of what the people produces and then wasting it on bureaucracy and irresponsible spending.One hundred years ago, there were minimal or no income taxes in most Western countries and today the government burdens the people with 50% or more in many countries.

THE WORLD WILL FOLLOW VENEZUELA TO HYPERINFLATION

Venezuela is an excellent example of a prosperous country, with natural resources (oil), that is severely mismanaged and eventually turns socialistic leading to a total collapse of the economy. In 1935, Venezuela had the highest per capita GDP in South America. After a number of economic crises and corruption in the 1980s and 1990s, Hugo Chavez was elected president in 1999 and remained in that position until his death in 2013 when Maduro took over. Gradually the country’s economy deteriorated. In spite of its massive oil reserves, corruption, mismanagement, inflation, collapsing currency, big debts and socialism drove Venezuela to ruin. There are exchange controls, major shortages of most food products and even shortages of fuel. And Caracas has the highest murder rate of any capital in the world.

In 2016, the average Venezuelan lost 8.5 kilos in weight due to lack of food. If this had happened in the US or in some European countries, there would have been major health benefits. But the poor Venezuelans were not overweight to start with so this clearly affects the population and especially young children.

Venezuela had 367 tonnes of gold in 2015 and now allegedly still holds 187 tonnes. Sadly, this is not enough to save the country. And the people have not held any gold either. Most people in Venezuela have not had enough money to buy gold for in later years. But if they had just put a fraction of their income into gold, that could have saved them. 13 million Venezuelans are today on minimum wage which is $7 per month. With hyperinflation, that dollar amount collapses fast. Just imagine if 20 years ago some Venezuelans could have saved enough over to buy just one ounce of gold at $300. That ounce of gold would today be enough for 5 years’ minimum salary. But very few, if any did it. This is why I am telling people today who don’t have a lot of money to put aside just a small amount every month and buy gold. One gram of gold is $43. Most people in the West can afford to put that aside. And if you do that for 32 months, you have one ounce of gold. Remember that in Venezuela today, as I mention above, one ounce of gold goes a long way.

HISTORY TELLS US THE FUTURE

To determine the state of a country, you don’t need to look at balance of payments, budget deficits, debts etc. All that is needed is to look at the value of gold in the currency of the country. I have shown the graph below a few times but it is worth showing again and again because this graph is the key to what will happen in the next few years. And if we don’t understand history, we will not understand the present or the future. The chart shows that over a 100 year period, all major currencies have declined 97%-99% against gold.

Read More @ GoldSwitzerland.com

NEW MEDIA BODYBAGS ARE PILING UP; HAGMANN REPORT ASKS “WHY?”

by Jon Robberson, Hagmann Report:

Integricide.  The willful killing of the truth, as permitted by the ignorant and those who criminally control them.

Introduction

Today closes out a week in the New Media that can only be described as a bloodbath.  YouTube eliminated: Victurus LibertasJake Morphonios, David Seaman, The Dr of Common Sense, Ron Johnson and many, many others.  Dr Jerome Corsi voluntarily removed all of  the content from his YouTube channel, after receiving two strikes overnight.

Dr Corsi operated for years without a single incident.  On Friday, Gizmodo reported that Dr Jerome Corsi had been suspended from YouTube for life, in addition to having the earnings rightfully due to him…vanish.  Stolen.

However, in an update from Infowars, public pressure, via Drudge picking up the story, has resulted in Dr Corsi’s channel being restored.

The YouTube censorship madness is relentless and unfortunately very few who have lost their channels have the professional connections to utilize Drudge in an effort to seek justice.  Interestingly, I sent my story about Dr Corsi’s removal of his archived content from YouTube, to Drudge, three days before Gizmodo, but this simply proves the aforementioned point.

Twitter suspended Laura Loomer for a week. Facebook followed suit and kicked her to the curb for 30 days, while @Medium banned: Laura, Mike Cernovich and Hagmann Report regular, Jack Posobiec.

But why?

In this article I hypothesize two likely reasons for the “American” Left to roll up into their potato bug shells, amplify their snot-nosed, emasculated voices through a Walmart bullhorn and shriek “Shut up!”

But first, a brief introduction to the latest, by way of context, and to set the tone.  This article is going to be very important for Hagmann Report listeners and Patriots, writ large.  So please read, share and utilize this piece in whatever way you are able, to spread the word.  As I pen this summary, men and women who’s work you know and in some cases know very well are hurting.

Good men are being reassured by their wives this evening, “Honey it will be okay. I am so, so proud of you for standing up.”

There are many female Citizen Journalists who are being trolled, threatened, issued death threats and in the case of Dana Loesch, hearing a live audience shout “Burn her!  Burn her!” while she attended last weekends CNN Town Hall event with a beautifully prepared speech that contained concrete, proactive, realistic solutions.  Solutions to prevent school shootings.  She accepted the invitation to last weekends engagement to try and save future child-victims from active shooters’ bullets.  Instead, she was escorted from the property by a private security detail while violent hypocrites screamed for her to be burned to death.

It is for these reasons that I spent Friday evening writing this piece.

“Silence in the face of evil, is itself, evil.  God will not hold us guiltless.  Not to speak, is to speak.  Not to act, is to act.”    Dietrich Bonhoeffer

I wrote this piece because one day I will stand before Almighty God and I will give account for what I did (or failed to do) and as an American Christian I will not stand down when women are being threatened with Medieval immolation, children are being blown away in school hallways and those among us trying to tell the truth are being thanked for all of our hard work by being deleted by a gaggle of reprobates who crawl the streets of San Francisco, seeking whom they may destroy.  San Francisco, a city every bit as evil as Babylon, Sodom, or Jericho.

Read More @ HagmannReport.com

Court Decision Could Lead to EPA Banning Water Fluoridation

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by Derrick Broze, Activist Post:

A federal court has denied an attempt by the Environmental Protection Agency to dismiss a lawsuit seeking to ban the use of fluoride under the Toxic Substances Control Act.

In a victory for water fluoridation opponents, a judge in the Northern District of California has denied a motion by the Environmental Protection Agency that sought to limit the information available to the court while making their decision on whether or not to ban water fluoridation. The lawsuit was brought forth by Food and Water Watch Inc. and a coalition of health organizations and individuals concerned about fluoride. Under section 21 of The Toxic Substances Control Act (TSCA) citizens are allowed to petition the EPA to regulate or ban individual chemicals. Food and Water Watch filed the lawsuit after the EPA rejected a citizen petition calling for the EPA to ban the addition of fluoride chemicals to the drinking water supply.

As the lawsuit proceeded the EPA interpreted the language of the law to mean the judge should be limited to reviewing the information the EPA provided when it decided to reject the petition on February 17, 2017. “The disagreement is whether, in reaching its own decision, the court can consider information that the EPA did not have access to e.g. expert testimony, new studies, documents obtained in discovery, etc.,” Michael Connett, the attorney representing the coalition told Bloomberg Environment before the ruling.

National Law Review reported on the ruling:

In denying the EPA’s motion, the court specifically held that the phrase “de novo proceeding” indicates that Congress intended a broad scope of review because the word “proceeding” encompasses all regular activities of a lawsuit, including discovery beyond the administrative record. Because the purpose of the TSCA is to protect the public from chemicals that pose unreasonable risks to health and the environment, the court held that “[a] de novo proceeding in district court modeled after traditional trial-like proceedings would not conflict with the purpose of the TSCA, but would instead effectuate it.”

The court’s ruling means that the trial will now have larger implications for the legality of water fluoridation. If the coalition of fluoride opponents is successful in their lawsuit, the EPA may be forced to reconsider the petition to ban water fluoridation.

What is Fluoride?

The substances added to municipal water supplies known by the name fluoride are actually a combination of unpurified byproducts of phosphate mining. In the United States thousands of tons of fluorosilicic acid is recovered from phosphoric acid plants and then used for water fluoridation. During this process the fluoride ion is created.

This process of taking waste from the phosphate industry and putting it into drinking water has long been criticized for its effects on human health and the environment. It is well known that water fluoridation has led to dental fluorosis for millions of children. This discoloring of the teeth was called “cosmetically objectionable” by the Centers for Disease Control.

Beyond the cosmetic effect there have been several studies indicating overwhelming health issues related to fluoride, especially for children. Another study found a connection between exposure to water fluoridated at relatively low concentrations and a reduced IQ among children.

As recent as September 2017 the journal Environmental Health Perspectives published the study “Prenatal Fluoride Exposure and Cognitive Outcomes in Children at 4 and 6–12 Years of Age in Mexico,” examining the results of prenatal exposure to fluoride and the potential health concerns. The researchers called the study “one of the first and largest longitudinal epidemiological studies to exist that either address the association of early life exposure to fluoride to childhood intelligence or study the association of fluoride and cognition using individual biomarker of fluoride exposure.” The study was funded in part by the U.S. National Institutes of Health.

The researchers found that higher prenatal fluoride exposure was associated with lower scores on tests for cognitive function at age four, and between ages six and twelve. The researchers acknowledge that their results are “somewhat consistent” with past ecological studies which indicate children living in areas of high fluoride exposure have lower IQ scores than those in low-exposure areas.

A study published in the journal General Dentistry warns that infants are at risk of dental fluorosis due to overexposure from fluoride in commercially available infant foods. The researchers analyzed 360 different samples of 20 different foods ranging from fruits and vegetables, chicken, turkey, beef, and vegetarian dinners. Chicken products had the highest concentrations of fluoride, followed by turkey. The New York State Coalition Opposed to Fluoridation (NYSCOF) reports that the fluoride levels were due to pesticides, fertilizers, soil, groundwater, and/or fluoridated water. The high levels found in the chicken and turkey can be attributed to “fluoride-saturated bone dust” involved in the process of mechanically separating the meat.

Read More @ ActivistPost.com

History Is Repeating Itself, The Big Short Is Back-The Crash Is Beginning

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by Dave Hodges, The Common Sense Show:

As we all know, the years leading up to the global financial meltdown of 2008 were filled with financial exuberance, as Wall Street firms made billions trading bonds made up of residential mortgages  which should have been viewed as a money game (ie ponzi scheme).

A handful of investors knew that this was the death of the economy. Eventually. as the move, The Big Short acurately portrayed, realized that due tot he mortgage scam, the entire economy was nothing but a house of cards that would, unquestionably and inevitably crash.

The movie follwed the bets of these few real-life inviduals as they they bet againt bonTheir bets against these bonds, in action that became known as the THE BIG SHORT, and this practice eventually paid off in large amounts as Rome burned so to speak.  And amazingly, only one person was ever convicted and went to prison.

When the entire American economy fell apart, leaving millions homeless, millions more broke and unemployed, few investors laughed all the way to the bank and in the original movie, the actors consisting of Christian BaleSteve CarellRyan Gosling, and Brad Pitt starred as those individuals who got away with economic murder. the movie, The Big Short, was baed on Michael Lewis’ best-selling book of the same name.

Depart from the movie for a moment. After the crash of the American economy. America is headed down the same economic path. America chose to cave in to the banksters. Iceland put them in jail. Today, Iceland’s GDP dwarfs America’s GDP.

Last Man Standing

Therew was on nation that did not put up with the Big-Short and that country was Iceland who jailed 26 bankers, totaling over 74 years of prison time among these 26 criminals. These banksters were jailed for causing the financial meltdown of Iceland. Conversely, the U.S. bankster criminals on Wall Street were rewarded for their fraud and market manipulation with an gigantic set of ongoing bailouts as the taxpayers of the country were financially raped.

There were no bail outs in Iceland that enslaved their population in perpetuity. America, today, has a minimum credit swap derivative debt of $1.5 quadrillion. Keep in mind the entire value of the Planet’s GDP is about $70 trillion. In other words, because of a ponzi scheme, Americans owe more than 16 times the value fo the planet to the banksters. In Iceland, they owe nothing.

Iceland remains the only European nation to recover fully from the 2008 crisis. Iceland even managed to pay its outstanding debt to the IMF in full, and the debt was paid in advance of the due date. This is highly significant because this means the Bank of International Settlements has absolutely no hold on Iceland and its banking system. Conversely, the banks in the United States are so manipulated by the Bank of International Settlements that the US stands of on the brink of the next bankster-created war which will be fought and lost against Russia and China.

Read More @ TheCommonSenseShow.com

​Licking Their Lips, The IRS Targets Coinbase Users – Nathan McDonald

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by Nathan McDonald, Sprott Money:

Something I have warned about for years is now unfolding. This is a trend that has taken years to reach this point, but it was unavoidable: The IRS has begun to crack down on cryptos and those who use it.

Coinbase, after a year of battling a court order in a valiant attempt to protect their customers, have lost. Now they must submit roughly 13,000 of their top clients account statements to the IRS.

These top 13,000 clients are what many would classify as “whales” (read: the biggest fish), and thus the easiest target for the IRS to go after first…

Note that I said, “first.”

The IRS, smelling blood in the water, is not going to stop here. For those who have tried to avoid the long arm of the law by hiding under the thin veil of anonymity, the day is coming where they must pay the piper.

As I have been saying for years, this day was unavoidable. Bitcoin is not truly anonymous and can be traced with a little effort. This is made that much easier when it comes to a service such as Coinbase, in which you must legally submit documents to prove your identity. To think that the IRS was not going to poke and prod when so much money is on the line would be foolish.

Do not take this as a total slamming of Bitcoin or cryptos as a whole. I believe a decentralized currency, created by the free market and that competes alongside our current, horribly-flawed fiat system, has its benefits.

However, this foreshadows the vision that many central banksters and financial elites have in mind for the future of digital currencies.

As has been mentioned numerous times lately, more and more countries are pondering the idea of moving to a fully digital, crypto-style currency of their own. This idea, if enacted, would give them horrific powers and abilities to control cash flows, and thus your life as a whole.

This is a nightmare scenario that would make our current fiat-based system look like the gold standard, as at least at this time, you have some control via physical cash.

Moving forward, we can expect the IRS to expand their reach and dig deeper into the crypto sector, attempting to squeeze more money out of those who have avoided their tax payments and not claimed their profits correctly.

Read More @ SprottMoney.com

A2A with David Morgan

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by Turd Ferguson, TF Metals:

Silver expert David Morgan joined us for our weekly webinar today. This proved a very informative hour so we urge you to carve out some time to give it a listen.

Among the topics addressed over the course of the call:

  • the current commodity selloff in the face of the ongoing dollar weakness
  • the purpose (if there is any) of the 135MM ounce JPM Comex silver vault
  • David’s three ideal investments for the next 20 years
  • which mining companies offer the best potential returns going forward
  • whether technical analysis is useful in today’s markets
  • and much, much more!

Click HERE to listen

Read More @ TFMetals.com

The U.S. Is a Failed State

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by Paul Yesse, Global Research:

Author’s note: This article contains over 100 hyperlinks. It is suggested that you read the text of the article first then go back and explore the linked sources at your leisure.

Social Collapse

The U.S. cannot and will not protect its citizens against attacks by violent armed assailants, especially as politicians are being bought offby gun manufacturers and the National Rifle Association.

The U.S. will not provide jobs or a living wage to a significant proportion of its population, especially youth and racial minorities.

The refusal of Congress to pass national single-payer health insurance is genocidal for the poor, the young, the elderly, and the underprivileged.

U.S. industry is poisoning the natural environment as the bee population is killed off by glyphosate and fungicides and the food supply is degraded with GMOs and GE foods.

Chronic disease is skyrocketing due to rising economic stress, unaffordable health care, and food supply degradation.

The pharmaceutical industry gets rich as it kills millions of people annually by facilitating misuse, overuse, and abuse of prescription medication.

The economy has become genocidal to the elderly by eliminating pensions for most and eroding the value of Social Security and other sources of fixed income.

Addiction to drugs and alcohol and an associated growth in crime is a major effect of the collapse of job and income security.

Life expectancy is less than that of many other developed countries and is falling.

Militarism and Foreign Policy

The U.S. military constantly wants more money to further its aims to conquer the globe while society at home disintegrates.

American weapons of mass destruction have the power to destroy all life on earth many times over, yet the military wants bigger and better weapons.

The military thrives on war and has no interest in promoting peace with other nations.

The military must always come up with new and more frightening enemies to justify its bloated budgets.

The “War on Terror” was an excuse for the U.S. military to engage in multiple wars of conquest.

The military is developing new secret weapons to wage war in space.

The elevated position of the military and its immunity from political control propagate the falsehood that force and violence are the legitimate way to solve problems.

Influence on Hollywood by the military exploits and glorifies violence and is a major propaganda tool.

Video games, supported by the military and corporate interests, teach young people that killing is fun.

The military cares nothing for the excessive national resources it consumes at the expense of socially beneficial uses.

The U.S. military is one of the world’s largest environmental polluters.

A major purpose of the military is to provide the muscle for stealing other nations’ resources.

The stealing of resources began with the assault by white Americans on Native Americans and the theft of their lands and continues today in Latin America, Africa, the Middle East, and around the world.

The U.S. military and police are conditioned to regard reformers and protesters as enemies of the state, not people exercising their rights.

War is being waged against Russia and other countries through economic sanctions and military threats without any constitutional declaration by Congress.

U.S. foreign and military policy is based on a gigantic lie—9/11.

 

Economics

The U.S. is an oligarchy where the economy, politics, and media are controlled by the rich.

Tax policies favor the rich over working people.

Working people are no longer readily allowed to organize through labor unions for fair wages and working conditions.

The minimum wage is too low for people to live on.

Wall Street creates and destroys businesses for the sake of financial profits regardless of the impact on individuals, families, and society.

The U.S. economy is not driven by honest business enterprise such as manufacturing but is kept afloat artificially by bank and government-created bubbles, including the debt-driven bubble of military spending.

The elimination of the gold standard in favor of bank-controlled fiat currency debased the national currency and has led to a half-century of inflation.

Panic has set in as other nations steer away from the use of inflated U.S. dollars in the petroleum markets and as a reserve currency.

Student, housing, and consumer debt are creating a society of debt-slaves.

People are being sent to jail for non-payment of debt. Some with out-of-control debt commit suicide.

The federal government’s national debt is a growing burden to society that can never be paid off. George W. Bush with his wars doubled the national debt in eight years. It doubled again during the Obama eight-year war period.

The lack of decent jobs drives huge numbers of people into cybercrime, drug dealing, prostitution, and other criminal pastimes simply as a mode of survival.

The court system unfairly targets the poor.

The Deep State and Government

Agencies of the Deep State, starting with the CIA, are instruments used by the oligarchy to control the government and society and ultimately take over the rest of the world.

Lying and concealment are a way of life for all levels of government, especially the Deep State.

The government has never come clean about crimes of the past committed by the Deep State, including 9/11 and the assassinations of JFK, RFK, and MLK.

The Deep State continues to engage in targeted assassinations against U.S. citizens and people of other nations.

The CIA and other agencies of the Deep State work in secrecy to undermine other nations abroad and eliminate honest dissent at home.

The Deep State seeks to maintain total electronic surveillance of all individuals.

The Deep State tries to overthrow any government abroad that undertakes to reform itself in the direction of greater fairness to its own population.

Secretive government vastly increased its powers by setting up the Department of Homeland Security and passing the Patriot Act after the false flag of 9/11.

One of the CIA’s major abuses is its self-admitted role in the international drug trade.

The Deep State, the media, and the military foment hatred of countries like Russia and China in order to conceal their own abuses and consolidate their power.

The Deep State controls government at all levels—federal, state, and local.

The government seeks to foster Nazi-like practices in raising a cult to worship the flag, and by promoting wars abroad and oppressive police practices at home.

The government has militarized local police forces in order to oppress the poor and racial minorities.

All levels of government, including the police, are corrupted by political contributions, payoffs, bribes, and special privileges.

Read More @ GlobalResearch.ca