One of America’s most notorious bank robbers, Willie Sutton(1901-80), is said to have remarked that he robbed banks “because that’s where the money is.” In a strange twist, the banks themselves are now beginning literally to rob their own customers.
The theft occurs via the innovative practice of “paying” (i.e. “charging”) negative interest rates on savings and checking account balances combined with account maintenance fees. Cash strapped Greece is looking to go even further – charging customers for daring to withdraw cash! So what gives here?
Banking Policies Are Becoming Injurious to Your Financial Well-being
Since the global financial near-collapse of 2008, Central Banks, led by the U.S. Federal Reserve, have tried to solve the problem of faltering economies, excessive debt creation, government deficit spending and a deflationary landscape by flooding the system with fiat money, literally created out of thin air.
Their reasoning is that the problem of excessive, unpayable debt can be solved by creating still more debt!
If you had trouble paying off a $300,000 dollar home mortgage, would borrowing another $200,000 to continue making payments help you solve your dilemma? Of course not. You would simply owe a total of $500,000! Yet this is exactly what many of the world’s leading financial wizards have been doing to keep government budgets afloat for the last 7 years.
In an effort to stimulate the economy and encourage consumption, the Federal Reserve has lowered interest rates well below where they would be if allowed to fluctuate based on free-market forces like business and consumer demand.
This has taken us to a Zero Interest Rate Policy (ZIRP), which by definition is theoretically the lowest rate that a central bank can impose as part of its strategic agenda. The closer rates get to zero, the fewer options monetary planners have at their disposal to attempt to stimulate economic demand.
Altering Your Behavior
The effect of excessive money creation has been compared to the liquid sloshing around in a giant punch bowl.
And since interest rates are so low, investors must take on more risk in the search get greater returns. Across the globe, this new money – in an uncontrolled manner – seeks out profitable venues for growth.
A great deal of the central bank-created paper/digital money thus ends up chasing finite amounts of art, real estate, collectibles, or financial assets like stocks or bonds. This has sparked the latest stock market bull runs in one country or another, leading to new and unsustainable bubbles.
Afterwards, the supposedly most-connected person on the planet – the U.S. Federal Reserve Chairman – always seems to be surprised.
The War against Cash
While investors are chased into higher risk assets in search of yield, we are witness to a simultaneous “war on cash.”
Governments around the globe have lowered the amount of cash a person can withdraw without attracting the attention of authorities, who snoop on you to make extra sure you aren’t dealing drugs or selling weapons to terrorists. France, Sweden, Denmark, Israel are just the most recent to have announced this change.
With the formation of groups like the Orwellian “Better Than Cash Alliance,” plans are underway to eliminate cash altogether and leave the public with little choice but to keep all their money in a digital account. While using only electronic money may seem to be more “efficient,” it makes it possible for authorities to track all of your financial dealings AND even allow banks to impose a Negative Interest Rate Policy (NIRP) upon you.
Without measures to prevent block them, account holders with cash balances might choose to withdraw and hoard paper currency. That would be the simplest way to escape negative interest rates.
But with funds trapped inside of bank accounts, bankers could simply deduct the negative rate charge from each customer’s balance. (Question: Would not such “digital cash balance robbery” be just a modernized version of what Willie Sutton was doing back in the day?)
Targeting You for Outright Theft through NIRP or Asset Forfeiture
And then there are the rising abuses of Civil Asset Forfeiture. If you’re stopped on the road and have a few thousand dollars on you – no matter that you might be going to buy a used car or plan to make some purchases during an extended vacation… the police can easily deprive you of the cash, without even charging you with a crime.
In recent years, Civil Asset Forfeitures have reached the scale of billions of dollars. And police departments come to depend on this tempting “revenue stream,” creating the perverse incentive to seize even more.
Following a lengthy investigation last year, The Washington Post reported,
“There have been 61,998 cash seizures made on highways and elsewhere since 9/11 without search warrants or indictments through the Equitable Sharing Program, totaling more than $2.5 billion. State and local authorities kept more than $1.7 billion of that while Justice, Homeland Security and other federal agencies received $800 million. Half of the seizures were below $8,800.”
“Monetary thinkers” feel things would be so much more efficient — for the government — if we all went totally to digital accounts. No need to carry cash around or pay bills by mail. The authorities will know exactly how much money you have and what you spend it on, placing your balance under their control at the press of a button.
Coming Soon to a location near you?
The legend of the Greek craftsman Daedalus is relevant today. He learned how to fly and taught his son Icarus – cautioning him not to get too close to the sun at the risk of melting the wax on his wings.
Immensely powerful central bankers believe that they can safely “fly high” with their monetary policies. But like Icarus, who flew too close to the sun and plunged from the sky when his contraption fell apart, so too do our monetary authorities run the risk of similar demise – and taking the rest of us down with them.
Financial Repression Has One Logical Outcome…
In a recent article at mining.com, David Levenstein really nails it, saying:
“Financial repression has long been a driver of demand for physical precious metals. This demand will accelerate as measures become more draconian. Some bank customers… will decide that bullion is a better option than sitting on piles of depreciating paper currency or paying banks to hold deposits… Historically, only gold and silver have been trusted private stores of value as well as a hedge against political, financial, and economic turmoil. In such an insane environment, gold and silver will become the only real trusted alternative to fiat currencies. And, as more new capital flows into physical bullion, its price will soar.”
Got gold? Got silver? Got common sense?
“China is reaching deep within the world island in an attempt to thoroughly reshape the geopolitical fundamentals of global power…… Its two-step plan is designed to build a transcontinental infrastructure for the economic integration of the world island from within, while mobilizing military forces to surgically slice through Washington’s encircling containment…….If China succeeds in linking its rising industries to the vast natural resources of the Eurasian heartland, then quite possibly…. “the empire of the world would be in sight.”
— Alfred McCoy, The Geopolitics of American Global Decline, The Unz Review
“The future of politics will be decided in Asia, not Afghanistan or Iraq, and the United States will be right at the center of the action.”
— Former Secretary of State, Hillary Clinton, “America’s Pacific Century”, Foreign Policy magazine.
June 23, 2015 “Information Clearing House” – “Counterpunch” – China’s meteoric rise has Washington worried, not because China is a threat to its neighbors or to US national security, but because China’s influence is expanding across the region. It’s creating the institutions it needs to finance its own development (AIIB and New BRICS Bank), it’s building the infrastructure needed to connect the continents with state-of-the-art high-speed rail (New Silk Road), and its attracting allies and trading partners who want to participate in its plan for growth and prosperity. This is why Washington is worried; it’s because China has transformed itself into an economic powerhouse that doesn’t conform to the neoliberal model of punitive austerity, pernicious privatization, and madcap asset inflation. China has slipped out of the empire’s orbit and charted its own course, which is why Washington wants to provoke Beijing over its negligible land reclamation activities in the South China Sea. Washington thinks it can succeed militarily where it has failed economically and politically. Case in point; check this out from Bloomberg News:
“The U.S. and Japan are conducting separate military drills with the Philippines near the disputed South China Sea,…The annual CARAT Philippines joint exercise started Monday off the east coast of Palawan island and will run until June 26, according to U.S. Navy spokesman Arlo Abrahamson. The Philippine and Japanese navies are holding drills around the same island through June 27, Japan’s Maritime Self-Defense Force said last week.
The U.S. has backed Southeast Asian nations including the Philippines as tensions escalate with China over territorial claims in the South China Sea, while Japan is providing patrol vessels to the Philippine coast guard….The drill includes a sea phase with the littoral combat ship USS Fort Worth, diving and salvage ship USNS Safeguard and a P-3 Orion surveillance aircraft and at least one Philippine frigate, according to the U.S. Navy….
Japan’s exercises with the Philippines will take place adjacent to the Spratly Islands, where China has created more than 2,000 acres of land in waters also claimed by the Philippines, Vietnam, Brunei, Taiwan and Malaysia. Japan will send a P-3C anti-submarine, maritime surveillance aircraft and 20 personnel.” (“U.S., Japan Join Philippines in Navy Drills Near South China Sea”, Bloomberg)
The “show of force” drills are designed to harass and intimidate China. They have no other purpose. The US wants to force China to succumb to its diktats, to abandon its commitment to new institutions, to open its markets to US corporations and Wall Street, and to allow the US a free-hand in writing trade rules. That’s what Washington really wants and that’s why the moderate Chuck Hagel was dumped for the combative Ashton Carter as Secretary of Defense. US powerbrokers wanted a scrappy taskmaster who’d bloody China’s nose and show them who’s boss. Carter fit the bill to a “T”, an icy bureaucratic leg-breaker who fancies himself the “smartest guy in the room”. Peter Lee provides an interesting insight on Carter in a recent blog-post at China Matters. He says:
“…assertive Ash Carter is not playing bad cop to Obama/Kerry’s good cop; he’s the whole show, which will delight fans of military control of foreign policy everywhere.”
We’re glad that others are beginning to see that the Pentagon has taken over US foreign policy. Carter is clearly calling the shots in Asia and Europe.
Lee seems to believe that Carter will outlast Obama’s time in office if Madame Clinton is elected president. Which is not surprising, since it was Clinton who first introduced “pivot” to the strategic lexicon in a speech she gave in 2010 titled “America’s Pacific Century”. Clinton’s presentation laid out the basic themes that would later become America’s “top priority”, the rebalancing of US power to the Asia Pacific. Here’s an excerpt from the speech that appeared in Foreign Policy magazine:
“As the war in Iraq winds down and America begins to withdraw its forces from Afghanistan, the United States stands at a pivot point. Over the last 10 years, we have allocated immense resources to those two theaters. In the next 10 years, we need to be smart and systematic about where we invest time and energy, so that we put ourselves in the best position to sustain our leadership, secure our interests, and advance our values. One of the most important tasks of American statecraft over the next decade will therefore be to lock in a substantially increased investment — diplomatic, economic, strategic, and otherwise — in the Asia-Pacific region…
Harnessing Asia’s growth and dynamism is central to American economic and strategic interests and a key priority for President Obama. Open markets in Asia provide the United States with unprecedented opportunities for investment, trade, and access to cutting-edge technology…..American firms (need) to tap into the vast and growing consumer base of Asia…
The region already generates more than half of global output and nearly half of global trade. As we strive to meet President Obama’s goal of doubling exports by 2015, we are looking for opportunities to do even more business in Asia…and our investment opportunities in Asia’s dynamic markets.” (“America’s Pacific Century”, Secretary of State Hillary Clinton”, Foreign Policy Magazine, 2011)
Repeat: “Harnessing Asia’s growth and dynamism is central to American economic and strategic interests…. Open markets in Asia provide the United States with unprecedented opportunities for investment, trade, and access to cutting-edge technology…..American firms (need) to tap into the vast and growing consumer base of Asia.”
There it is in a nutshell. Having reduced the great American middle class to a lifeless, rotting corpse incapable of sustaining even meager demand or growth, US elites are packing the boats and heading for China, the shining corporate Valhalla on the hill. Clinton seems to think it should be pretty easy to penetrate these bustling Asian markets provided we back up our crackbrain aspirations with a strong dose of gunboat diplomacy–which is where Boss-man Carter comes in.
It’s worth noting that Clinton did not conjure up the pivot on her own, but was briefed on the theory by pivot mastermind Kurt M. Campbell. Campbell is Co-Founder and former CEO of the Center for a New American Security. According to the Center for a New American Security website: “From 2009 to 2013, he served as the Assistant Secretary of State for East Asian and Pacific Affairs, where he is widely credited as being a key architect of the “pivot to Asia.” In this capacity, Dr. Campbell advanced a comprehensive U.S. strategy that took him to every corner of the Asia-Pacific region where he was a tireless advocate for American interests, particularly the promotion of trade and investment.”
In a recent video interview with neocon Robert Kagan, Campbell regurgitates the same rhetoric that appears in Clinton’s speech. He opines: “Most of the history of the 21 century is going to be in the Asia Pacific region….It is in our best national interest to show that we are going to play a central role in that drama just as we have in the 20th century….(There is bipartisan)… recognition that our military presence is our ticket to the big game in the Asia Pacific.” (See entire interview here.)
There seems to be a growing consensus that the US military is the right tool for persuading China to cave in, but is it?
The last thing the Obama administration wants is a shooting war with China, mainly because China has the ability to strike back, and not just militarily either. Let me explain: According to political scientist Pang Zhongying, “The current relationship between China and the US is one that has never existed in the history of international relations…..The level of interdependence between China and the US is unprecedented in history. Before the 1970s, no one could possibly imagine or predict that these two countries would be interdependent to the extent of today. At that time, interdependence existed only between the US and Europe, or among the G7 at the most. The level of interdependence today did not exist between the US and China.”
In other words, the two countries need each other and are bound together in a complex web of economic and financial ties, including China’s massive holding of US debt which amounts to an eyewatering $1.3 trillion. This interdependence means that the US cannot abuse China in the same way it has Russia without putting itself at risk. So, while the US still maintains the dominant position economically and militarily, it can’t simply throw caution to the wind by imposing sanctions or escalating hostilities beyond a certain point without jeopardizing its own security. China knows this, which is why it will continue to pursue its own agenda aggressively while deflecting US belligerence and hostility as best as it can.
The People’s Republic of China (PRC) is still committed to “peaceful development”. US antagonism is just one of the many hurtles that China will have to overcome to actualize its plan for integrating the Eurasian landmass into the world’s largest and most prosperous trading bloc. Check out this excerpt from Alfred McCoy’s seminal piece “The Geopolitics of American Global Decline”:
“China’s leadership began collaborating with surrounding states on a massive project to integrate the country’s national rail network into a transcontinental grid. Starting in 2008, the Germans and Russians joined with the Chinese in launching the “Eurasian Land Bridge.” Two east-west routes, the old Trans-Siberian in the north and a new southern route along the ancient Silk Road through Kazakhstan are meant to bind all of Eurasia together….
In April, President Xi Jinping announced construction of that massive road-rail-pipeline corridor direct from western China to its new port at Gwadar, Pakistan, creating the logistics for future naval deployments in the energy-rich Arabian Sea….. By building the infrastructure for military bases in the South China and Arabian seas, Beijing is forging the future capacity to surgically and strategically impair U.S. military containment. …
In a decade or two….China will be ready to surgically slice through Washington’s continental encirclement at a few strategic points without having to confront the full global might of the U.S. military, potentially rendering the vast American armada of carriers, cruisers, drones, fighters, and submarines redundant….. If China succeeds in linking its rising industries to the vast natural resources of the Eurasian heartland, then quite possibly…. “the empire of the world would be in sight.” (“The Geopolitics of American Global Decline”, Alfred McCoy, The Unz Review)
There it is, eh? The end of one empire and the beginning of another.
China’s leaders aren’t going to blow their big chance by getting sucked into a costly and pointless war with the United States. That’s ridiculous. They’re going to keep plugging away until the Silk Road becomes a reality.
Any [teaching] that is good is in the Word of God, and any that is not in the Word of God is not good. I am a Bible Christian and if an archangel with a wingspread as broad as a constellation shining like the sun were to come and offer me some new truth, I’d ask him for a reference. If he could not show me where it is found in the Bible, I would bow him out and say, “I’m awfully sorry, you don’t bring any references with you.” ~ A.W. Tozier
There’s an ongoing debate as to whether or not Bono, U2 front man and one of the world’s most recognized rock stars, is an authentic Christian, although he states that he is. Many Bible believing Christians have looked at the evidence and have come out and said that, although he professes Christ, he’s not a true Christian.
So let’s examine the evidence.
On his belief about Jesus Christ, Bono said this:
I believe that Jesus was, you know, the Son of God.
Does he mean the Jesus who’s the Second Person of the holy Trinity?
In 2005 after the release of his book “Grace Over Karma” he stated:
The point of the death of Christ is that Christ took on the sins of the world, so that what we put out did not come back to us, and that our sinful nature does not reap the obvious death. That’s the point. It should keep us humbled. It’s not our own good works that get us through the gates of heaven.
He’s right. It’s not our own good works that gets us to heaven “for by grace you have been saved through faith, and that not of yourselves; it is the gift of God, not of works, lest anyone should boast” that saves us. (Eph. 2:8-9)
In 2014 Jim Daly, President of Focus on the Family, interviewed the rock star on his radio broadcast and said this:
[H]e’s known great success, both in his career as a musician, and in his work as a global advocate for the poorest of the poor. He’s also the co-founder of The ONE Campaign, and their motivation is to help people who are suffering.
All of this is true. But that means he’s a do-gooder. It does not make him regenerate.
Not surprisingly, when Daly invited him on the show conservative Christians who are aware of some of the controversial things he has said over the years thought it was a mistake. Many people wondered why a pro-family leader of Daly’s stature would pass him off as a Christian by saying, “he’s a believer in Jesus Christ, and professes Christ as his Savior. In fact, Bono’s spiritual journey has been greatly influenced by a mutual good friend — Eugene Peterson, who’s the author of The Message. And he’s also written a great book called Run With The Horses that has had a great influence on Bono and many of us.”
I don’t have the space to address my concerns with Eugene Peterson or The Message Bible he penned – it’s a parody of the Bible. So links are included below.
Looking at the things Bono has said (I’m coming to that) although he professes a belief in Christ clearly he doesn’t believe that the Bible is the inerrant Word of God. Moreover, his social views are decidedly “progressive.” In fact, his religious beliefs blend nicely with emergent gurus such as Brian McLaren, Jim Wallis and Tony Campolo. These men are leftists who are leading the Church away from Sola Scriptura into what Ken Silva referred to as the “emerging cult of the new liberal theology.” The controversial movement, called the Emerging/Emergent Church (EC), seeks to reach the unchurched with their unbiblical version of the Christian message. In so doing they have cooked up a cauldron ofsyncretism stew.
So – what’s important to know about EC leaders is that their aim is change and their plan, and they do have one, is to dismantle historic orthodox Christianity and bring forth a “new paradigm,” a “new kind of Christianity.” Be wary of words such as story (story of God, story of Jesus)… becoming… conversation… missional… reimagine… tribe… deconstruction… vision, etc. Emergents are “Christ followers,” they are “Social Justice Christians.”
Social Justice Christianity
The moniker liberals who profess Christ prefer is Social Justice Christian. One conservative blogger commented that Bono is “social justice, ecumenical, globalist, Agenda 21 promoting.”
He’s all of that for sure. Bono’s an activist and philanthropist with a stated goal to eliminate world poverty. Because he’s hugely popular people want to know what he thinks about this and that. So naturally he takes every opportunity to promote causes he cares about including HIV/AIDS infection in Africa and third-world debt relief. Tom De Weese of the American Policy Center once quipped that he “dogged political leaders around the world, using his rock star status to pressure them into accepting his brand of global guilt.”
So – should it matter to Bible believing Christians that Bono is a “progressive”? Should we be concerned that he’s spreading Social Justice Christianity around the globe? I mean, he’s telling people about Jesus, isn’t he?
Well, yes, it should matter to Christians that a person as famous as Bono is promoting an unbiblical version of Christianity and a “different Jesus.” Many people idolize celebrities. Adoring fans hang on their every word. And, sadly, many Christians don’t read their bibles so they not only are ignorant of its teaching, they lack spiritual discernment. In other words, they’re easily influenced by celebrity but not so much by the Bible.
When it comes to a LIE-celeb such as Bono, the question we must ask ourselves is this: What gospel is he sharing, the true Gospel of Jesus Christ or is he sharing another Jesus…another spirit…another gospel (2 Cor. 11:4)? If it’s the later then it makes him a false teacher.
The Apostle Paul spoke out against counterfeit Christians:
And what I am doing I will continue to do, in order to undermine the claim of those who would like to claim that in their boasted mission they work on the same terms as we do. For such men are false apostles, deceitful workmen, disguising themselves as apostles of Christ. And no wonder, for even Satan disguises himself as an angel of light. So it is no surprise if his servants, also, disguise themselves as servants of righteousness. Their end will correspond to their deeds. (2 Cor. 12-15)
Elliott Nesch of The Waundering Path writes:
How many of those who have been saved from extreme poverty through Bono’s ONE Campaign are now saved from their sins through the same effort? Can social justice, debt relief, and elimination of the AIDS epidemic bring glory to God when it is completely unconnected to the preaching of the Gospel of Jesus Christ? (Source)
A very good question.
Can’t We All Just COEXIST?
Lighthouse Trails Research (LTR) has a piece entitled Focus on the Family Gives Bono a Platform – Another Example Where 2 +2 Don’t Add Up. LTR shares a quote by Christian researcher Berit Kjos from her book Protect Your Child From the New Age & Spiritual Deception:
U2’s 2005 tour was aimed at joining all religions into a unified global spirituality. To emphasize the coming solidarity, the word “COEXIST” was featured on a giant screen. The capital “C” pointed to the Islamic crescent, the “X” symbolized the Jewish Star of David, and the “T” was a reminder of the Christian cross. Bono led massive crowds in a vibrant chant: “Jesus, Jew, Mohammed—It’s True!
Not everyone approved. Singer/songwriter Tara Leigh Cobble said, “He repeated the words like a mantra, and some people even began to repeat it with him. I suddenly wanted to crawl out of my skin. . . . Was Bono, my supposed brother in Christ, preaching some kind of universalism?”
“I felt like I was witnessing an antichrist,” said her friend.
In one song, “God’s Country,” Bono belts out the words, “I stand with the sons of Cain,” The Bible tells us that Cain “was of that wicked one, and slew his brother” (1 John 3:12), not exactly someone who a Christian would want to be found standing in agreement with.
Kjos later says:
Are Christian leaders speaking up and warning others about Bono? No, on the contrary, reveals one Christian journalist:
“One of the leaders being promoted today by those purporting to be officiating the way for our young people—to include Bill Hybels, Brian McLaren, Rick Warren, and Rob Bell—is ‘Christian’ Rock star Bono of U2, whom many emergents view as their ‘prophet’ and the main icon of their movement. In Bono’s rendition of Psalm 23, he alters the entire thrust and message of this beautiful psalm to something that sounds nothing less than blasphemous. For example . . . he alters the wording to say ‘I have cursed thy rod and staff. They no longer comfort me.’” [This rendition of Psalm 23 is documented in The Submerging Church DVD.]
And in the summer of 2005, Rick Warren attended the Live 8 Concert with Bono where he was made the official pastor at the event. Rick Warren did not issue a warning at the event about Bono, leaving the impression on thousands of young people’s minds that Bono is OK. (from chapter 17, HPC)
Bono Helps Gay’s Win The Day
Bill Muehlenberg of Culture Watch is one Christian who isn’t standing up for Bono. And he isn’t concerned about issuing a warning either. Muehlenberg came out swinging after Bono threw his support to Bible torturing radical gay activists who were out to legalize same-sex “marriage” in Ireland. Homosexuals were ecstatic to have a rock star behind them in their effort to legalize same-sex “marriage.” Pink News reported:
Irish singer Bono, speaking ahead of the band’s latest world tour, said “Marriage is an idea that transcends religion.”
Bono, who is from a mixed Anglican and Catholic family, told the Irish Times:
“[Marriage] is owned by the people. They can decide. It is not a religious institution.
“As far as I know, Jesus wasn’t a married man and neither are most priests talking about it. It is not a religious idea.
“In my mind, commitment is one of the most impossibly great human traits. It is a hard thing to hold on to, and anything that brings that together is a totally wonderful thing.”
Gay-affirming Bono does not understand the implications of tossing aside God’s plan for marriage—one man one woman for life—so that men can marry men.
Muehlenberg had these harsh words for U2’s front man:
Another clear-cut acid test of Christian commitment has to do with the issue of homosexuality. If you get someone trying to tell you that homosexual marriage is just peachy and Jesus would be fully supportive of it, then you know you’ve got a religious fraud on your hands, and you should give him a very wide berth.
One so-called believer who has worried me greatly for years has in my eyes nailed his coffin completely by his recent support of sodomite marriage. Bono and U2 are going utterly brain-dead in supporting the Irish vote on homosexual marriage.
So if you think Bono is some sort of great Christian, you better think again. This comes from the U2 website:
On Friday Ireland votes in an historic referendum on legalizing same-sex marriage. Here’s what the band say: #voteYes.
“Commitment, love and devotion are some of the most impossibly great human traits. Trying to co-opt the word marriage is like trying to make love or devotion gender- or religion-specific. And that has to stop. Marriage is human-specific: a human commitment, one that transcends religion, transcends politics. It should be encouraged wherever, whenever and between whomever that love, that devotion and that commitment exists. #voteYES”
This has got to be one of the most idiotic things I have read in a long time. We expect atheists and militant homosexual activists to come up with sheer baloney like this, but someone who calls himself a Christian? This man is a fool, in the biblical sense of the word. (Source)
The bottom line is this: A person cannot profess a belief in Jesus Christ and live like the devil. Like so many so-called Christians, Bono takes Christianity cafeteria style – he picks and chooses what pleases him and avoids what doesn’t.
Christianity is serious business, brethren. Jesus requires much of His sheep. “If you love me you will keep my commandments” (John 14:15).
Do you love Him?
“Thy word is a lamp to my feet and a light to my path” (Psalm 119:105).
Do you get your guidance from the Bible?
Bono does but only when it suits his purpose.
The Homosexual Agenda—Berean Research
Does the Bible Really Say We’re Not to Judge—Marsha West
U2’s Bono, Unorthodox Superman—Elliott Nesch
The Source and the Effect…
Power is a key element in the function of a culture. Its source and the way it is used or controlled determine success or failure.
I am not opposed to scientific advancement or to the comfort and efficiency mechanical and technical minds have provided to humanity. However, I am opposed to the deification of science and reason to the detriment of the peace and prosperity of the earth’s population.
We are born of woman but ultimately our physical bodies return to the earth as dust. We are tied to the earth for food and water and for the resources we use to create marvelous mechanical and technical devices. Seeds produce plants and plants sustain both human and animal life. Without food and water everything would die – humans, animals, plants, and insects.
Designed to rule the earth and all lower forms of life, we are equipped to find water, produce food and reproduce ourselves. Our minds are capable of creating a proper government over the creation. However, we have a defect that prevents us from properly administering dominion. Instead of accepting the reality that we are created beings made to live under the authority of our Creator we choose to use our godlike qualities in a quest for unaccountable individual control. We seek to be like God exerting unauthorized power over ourselves and others. This defect is the cause of murder, mayhem, and tyranny rather than justice and peace.
We arrived into a world already in existence and a society developed by previous tenants. Helpless at birth we were fed and nurtured into childhood and on until we are able to care for ourselves. Rather than being humbly thankful for the gift of life we often rebel against source of life and act as if we are beholden to nothing and our existence authorizes us to bring power over it all.
Because we have refused to live under the authority of our Creator, who is our legitimate sovereign, we have allowed power to flow to the state which has now become our sovereign and is accruing absolute power. We are unwilling to live under the rule of the One True God preferring the rule of our fellows whose evil dominion will begin to teach us the true nature of our fellow human beings.
Through several thousand years of human history the world population has been relatively small and our home on the earth was taken for granted. Now that the world population has grown exponentially we are beginning to be concerned about its ability to sustain us. We are even beginning to think we have outgrown our birthplace and must seek additional living quarters elsewhere in the universe.
The Industrial Revolution removed most of us from our land and employed us as cogs in the mass production of products that provide comfort and leisure. Instead of working to supply food for our families on our own land we sold our land and moved to cities where we traded the independence and pride of ownership for easier work and leisure.
We now work for money instead of food and are subject to the manipulation of the value of the money and the availability of work itself. Our destiny is in the hands of massive corporations that want to use us as units of production but do not want to know us or care about our welfare. Children, welcomed as assets in the agrarian society, are now liabilities and our culture is no longer producing babies in quantities that replace the dead putting its continued existence in jeopardy.
Under the auspices of science with no consideration for the ancillary results we have delved into subjects that may be outside our permissions. We are using our finite minds to tinker with the basic units of life hoping to affect the qualities of the embryo by modifying the DNA that controls it. Others of us are working at producing robots that can act as human beings by making independent decisions and carrying them out.
As demography warns us that we are in danger of becoming a minority population in a land we and our ancestors founded and developed we ignore the warning, fail to make adjustments, and continue to support small families, abortion, and same sex unions
We are created beings constructed for obedience and humility. Contrived, illogical theories of evolution provide the arrogance of autonomy and we begin to act like gods. All humility evaporates and we begin to fight for control over our fellow human beings. We, to whom life was a gift, who had nothing to do with our existence, seek to act as sovereign lords with the right to determine right and wrong and to live as kings in gifted space.
“Pride goes before destruction and a haughty spirit before stumbling. It is better to be of a humble spirit with the lowly, than to divide the spoil with the proud.” (Prov. 16:18) American exceptionalism and national pride have run its course and a stumble is imminent.
Paul Craig Roberts points out that the boasting about winning WWII is not only impolite but totally wrong. Russia through tremendous sacrifice of lives and property defeated Germany and Eisenhower invaded Europe after the war had been won. Roberts claims the U. S. has not won a war since defeating the Japanese and that was more a technical achievement than a military victory. .
Pastor Chuck Baldwin says that America has been a captive nation for more than a Century; controlled by a cabal of foreign bankers whose identity cannot be verified. The Federal Reserve removed control of the nation from the people allowing bankers to control our government through manipulation of elections. No one can win an election to a Federal Government position without supporting neo-Israel. The neocons have gained enough power over policies to force the American people to finance their wars and their quest for world domination.
The United States of America is indeed a puppet nation inhabited by an insouciant people that are too lazy and gullible to discern reality and fight for righteousness. While our people have been busy with their jobs and the enjoyment of a hedonistic lifestyle the basic unit of civilization has been dismantled and replaced by unreasonable and unnatural arrangements ineptly described as families; two men are a family, two women are a family, a woman and a child are a family, and a man and a child are a family – an individual and a dog may soon qualify. The conventional family composed of a married man and woman with children has been arbitrarily dismantled by powerful individuals who seek to certify deviant lifestyles.
“America and the World” is a 2008 book containing an interview with Zbigniew Brzezinski and Brent Scowcroft moderated by David Ignatious. Brzezinski and Scowcroft have been long time advisers to U. S. presidents and other leaders. On page 242 Brzezinski made this statement. “The president (George W. Bush) said in his latest State of the Union message that the defining character of the Twenty-First Century is going to be the struggle against terrorism. This is an absurd statement – first of all it is 2008, so we still have 92 years to run. To define the essence of this century so early on is premature. What Brent and I are doing today is trying to grope our way towards a more complex and sophisticated definition of the challenges of the century, and to say how, in that context, an American national policy that combines power with principle Is the right response.”
Brzezinski and Scowcroft are globalists but they seem to cling to the old fashioned idea of adhering to principles. On the following page Scowcroft says the when he was in graduate school the bible for students of international politics was a book by Hans Morgenthau entitled “Politics Among Nations”. He describes the book this way: “international politics is a struggle for power and that power is the only thing that matters”.
In 2003 I wrote an article entitled “Judeo-Christian Decadence” (Read it here) it describes the education of many of the Bush II advisors who studied under University of Chicago professor Leo Strauss The Strauss philosophy lacked principles. It was Machiavellian, elitist, deceptive, and esoteric. Out of it came the Project for the New American Century (PNAC), a neocon document that recommended growing our armaments and sending our armed forces into the world to exert American hegemony. It was enthusiastically accepted by the Bush II Administration and has continued to exert heavy influence on our foreign policy. Read about it here. (Note that current presidential candidate Jeb Bush was one of the authors.)
Writing about the cabal that is controlling our world is a conjecture at best but it appears that the recommendations of men like Brzezinski and Scowcroft have lost their influence being replaced by the brutal power and shrewd deception of the neocon cabal.
PNAC was the guiding light of the George W. Bush Administration. It developed the War on Terror and the ruse that America was in danger from Middle Eastern Muslim nations. Brzezinski called the idea “absurd”.
When the true ruler of the universe is ignored and individual sovereignty begins to create chaos power begins to flow to government. When government becomes the sovereign the next step is a new world order. To some a world order is an advancement that would stop war and bring peace. To others it is considered a fulfillment of destiny for a superior group of people whose elite status entitles them to world hegemony. This group of neocons whose power came to the fore during the Bush II Administration is in the process of destroying the United States of America by using it in their quest for world tyranny.
The new power brokers are not bound by principle. Their conduct is both deceptive and cold blooded. It is characterized by massive propaganda, outright lies, deception, cruel retaliation, and the use of power over law. Their attempts to destroy the United States has had considerable success during the Twentieth Century and now that their hegemony is almost absolute they have accelerated their efforts during the decade and a half of the new era.
Efforts to bring the world order into existence peacefully using power and principle have been replaced by mass murder, lethal bombers, drones, and assassins. With the traitorous help of our own elected representatives they have engaged us in an endless war against a nebulous enemy called “Terrorists”. By propagandizing the lie that we are in danger they have used our armies to invade nations that could never be a threat to United States creating death and chaos among hundreds of thousands of innocent civilians.
Instituting unnecessary foreign wars and obligating the American people with massive debt without their approval can ultimately result in an aroused citizenry – even in an insouciant people. So the government has passed mountains of restrictive law that could remove all of our rights and bring on a grinding tyranny. . John Whitehead writes about it here.
Concentrations of power are dangerous. During the late Middle Ages an accumulation of power in the Catholic Church produced a gross distortion of the character of the God it claimed to represent. Murder, adultery, fornication, and conspiracy were evident in the hierarchy and cupidity resulted in a lucrative business in the sale of indulgences which not only distorted the essence of the Gospel but elevated an arrogant church into the sin of being like God. Human beings in control of the church were offering forgiveness of sin in exchange for money.
Absolute power results in similar travesties whether vested in kings, in governments, churches, or private homes. Those who exercise such power revert to the original sin of being like God. They claim dominion over life and death and demand that their edicts are carried out under the threat of death. The church had elevated itself into the wicked position of claiming its word was the Word of God. To defy the church was heresy and heresy was punished with death.
The position of the Catholic Church during the middle ages was similar to that of the United States government under President Barak Obama. Our government seeks to prosecute Edward Snowden for revealing to the people a criminal invasion of the privacy of its citizens in defiance to the Fourth Amendment to our Constitution, the law of the land. Just as the Catholic Church reserves the right to act as a god by forgiving sin, our government is claims the right to overrule our Constitution by blatant invasions of our privacy. When exposed, evil being done under the cover of darkness bites like a rattlesnake!
The reformation began by publishing the Bible in languages that the people could understand and using it to preach the gospel and to point to the errors of Rome. In that era many people were blest to receive Biblical truths and began to follow a Reformed Christianity.
The Bible was purposely kept from the people allowing the Catholic Church to become humanistic without accountability. It was access to the Bible that brought about the Reformation. Reformers claimed the Word of God should govern the world – the Catholic Church claims that since it collated and put together the Bible, it is subject to the Church allowing the church to tinker with the Word of God.. Protestant Reformers believed.l the church should be subject to God and His Law along with all else.
Attempts to reform flagrant errors in the Catholic Church – errors both human and theological – resulted in charges of heresy and sentences of death. There were similarities in the tyrannical governments of Stalin and Hitler. Tyranny is a humanistic evil that echoes the Biblical record of the sin of Adam. Instead of seeing themselves as created beings in need of the wisdom of the Creator men beguiled by the Devil see themselves as god and with the chaos and cruelty of Godlessness they produce murder and mayhem.
The Church refused to correct it errors and critics were burned at the stake. There is no Biblical support for Papal infallibility, for Baptismal conversion, for confessional forgiveness of sin, for worship and prayer to Mary or to any of the dead icons. The original church of Jesus Christ continues as a sizeable world force but it is secular, a supporter of the world order, and promoter of heretical, humanistic theology. Read here.
People who cling to sinful doctrines are often intellectually lazy and unwilling to join the perennial battle against evil by accepting the responsibility of supporting righteousness. It is easier to maintain the status quo even if it is evil.
Tyranny is the destiny of nations that are too lazy to fight on the side of righteousness.
As right becomes wrong and good becomes bad, as the social structure of our once peaceful and prosperous nation is destroyed, and strife is purposely created, as the press promotes animosity between races and denigrates the basic religion of our nation, as Hollywood desecrates morality and promotes violence, as our elected officials respond to illegitimate power and choose to believe the existence of ghostly dangers, as the generals who lead our armies accept fantasies and order them carried out, as laws are encoded that destroy our liberty and create a police state, as the legality of our Constitution is ignored, as we amass a debt that will enslave our children for generations, as our armies murder thousands of innocent civilians, as our churches become social clubs and fail to address immorality, as Satan dances gleefully in our nation’s capital our citizens go about their daily tasks as if nothing is amiss. That is what Paul Craig Roberts means by “insouciant”.
Hard times are coming. Death and destruction are hovering over us. We are a rogue nation that has created the ire of a large portion of the world and we will reap what we have sown. That is our destiny. Our people have had access to the truth for decades but have preferred their intractable ignorance to the truth that could have set them free. We have earned it, we deserve what is coming.
Absolute power is vested in God – legitimate human power is a derivative!
The quandary of the economic dilemma continues. A globe suffering from a deflationary financial impact, while consumer prices rise well above the reported cost of living increases, does not bode well that prospects of commercial growth can rescue the world economy. What changes can overcome this predicament? Well, some academic scholar’s offers serious concern that a long term rebound towards prosperity is no longer possible.
In an essay, What if economic growth is no longer possible in the 21st century?, Sean McElwee and Lew Daly argue that fundamental changes will be the norm in this century.
“Many economists have warned that the old model is dying out. In a much-cited paper, Robert Gordon argues that the rapid growth we take for granted is not only historically anomalous but likely to slow significantly in the 21st century, pointing in particular to diminishing returns from technology as one major drag. Developed countries have already picked the “low-hanging fruit” of technological advance (in Tyler Cowen’s phrase), and future innovations will produce far less growth, he argues.”
Postulating from a climate charge bias the authors claim a bleak future is in the cards.
“The conclusions that flow from these observations are stark. The old economic paradigm relied on unsustainable growth, so we must change the paradigm. For decades, our rising standard of living came at a deep cost to our environment and our children’s future. There is simply not enough planetary bio-capacity to grow our way out of the messy moral discussions of distribution. The idea that inequality is merely an inefficiency to be corrected with a technocratic fix or perpetual growth is no longer tenable.”
Compare this perspective with that in The End of Economic Growth by Charles Siegel who presents three backdrops.
“First, imagine that people decide they have enough at the economic level of the United States in the 1960s—the time when American social critics began to say that our economy was so affluent that it was geared to waste. Imagine that individuals generally chose more free time rather than more income, and imagine that people also made the political decisions needed to limit sprawl, excessive automobile use, and other forms of destructive consumption, so per capita GWP stops growing when it reaches the level of 1965 America.
As a second scenario, imagine that the world imitates the current American consumerist style, so growth does not end until everyone in the world has the income that more affluent Americans have today. Imagine that everyone wants as many useless medical treatments as insured Americans receive today, everyone wants to spend as much on schooling as the most affluent American suburbs do today, everyone wants to drive to the mall and shop till they drop, everyone wants an oversized house in a sprawl suburb and at least two family cars. People are not satisfied until there are more motor vehicles than registered drivers in the world, as there already are in the United States.
Finally, as a third scenario, imagine that we do not do not allow choice of work hours. Instead, we continue to believe the economists who tell us we need growth to avoid unemployment, so the entire world decides it must stimulate demand and promote growth endlessly to create more jobs, as America did after World War II.”
An objective analysis of both research approaches needs to ask, what about the unabated increase in population and world-wide debt.
If technology is pushing the limits of providing real economy of scale or reduced innovative and useful generation of economic growth, the prospects for a rising prosperity is significantly diminished. Ever since the industrial revolution, a general economic improvement has registered improvement in individual lives.
The supposition that the planet is running out of bio-capacity is certainly debatable. However, dispute over spending beyond our mutual means and burdening future generations is not arguable.
A forecast that people will choose to consume less will not be from a perspective of voluntary design, but from decreased employment opportunities, lower pay and increases in taxes.
The notion that the entire world will achieve the Herbert Hoover adage, A chicken in every pot and a car in every garage, is about as remote as achieving universal brotherhood.
As for stimulating demand, is that really possible when currencies continue to lose their purchasing power, low interest rates savage savers and government debt is the only engine of funding public programs and make- work jobs?
Lacking in all these academic approaches is the fact that corporatists, bureaucrats, authority officials and the financial elites have no interest or desire to see ordinary citizen prosper.
Economic growth is no longer possible; because of intentional decisions that accept the strategy that most people are no longer necessary to maintain the conspicuous excesses of the super rich.
Since the consumer society is distained by the socialists in academia, it is not expected that their analysis would value a strong independent domestic economy.
The message they would have you believe and work to impose on all of us is that we must sacrifice for the communal good.
Contrary to this attitude is to accept that the common good is actually achieved under a prosperous national economy.
The bare facts are hard to accept for most “Free Trade” proponents. The primary starting point is to write off the bankster debt and issue honest money. As long as the Federal Reserve is allowed to control the monetary creation of currency, the rules of compound interest apply and actual economic growth is impossible.
Accept that the economic woes of the planet are solvable by the liberating spirit of individual entrepreneurs and small business merchants if the stranglehold of transnational corporatocracy model was broken.
The actual resource in short supply is the will and courage to build a true free market where competition is encouraged and monopolies are broken up. Without the insurmountable burden imposed by the counterfeit financial dictatorship, the world could recover. As it stands now, business as usual will destroy the masses.
Volatility in the currency markets, bond markets, and stock markets likely has a lot of people on Wall Street feeling a bit worn out. Taking a summer vacation in the Hamptons might just be their best idea.
The coming months promise to be anything but quiet and predictable. Here are a couple of items that may yield profound implications for stock, bond and currency investors before summer ends…
The Threat of an Official Recession Is Looming
The next few months are critical for the U.S. economy. The official definition of recession calls for two successive quarters of negative GDP. First quarter GDP came in barely positive, initially estimated at 0.2%, but it will be revised twice before July. Some experts expect it will wind up in negative territory.
The U.S. trade deficit recently came in much larger than expected. The higher deficit will, setting other factors aside, translate to lower GDP. Investors will get a look at 2nd quarter GDP in late July and pessimism among forecasters is growing.
So far U.S. equity investors are hoping for the best, or at least hoping the Fed will reverse course on tightening. Stocks are shrugging off bad news and powering higher with price-to-earnings valuations climbing into the nosebleed section.
It is hard to imagine valuations at these levels holding if investors and high frequency trading algorithms must grapple with an official recession. Of course, should the Fed announce some new form of stimulus in response to bad news then all bets are off.
The End Is Nigh for Greece
The Greek government is running out of tricks to avoid a default. Last week, officials there paid €750 million Greece owed to the IMF by borrowing €650 from the IMF; a last resort gimmick they won’t be able to repeat.
Absent finding an agreement with lenders to modify loans and dramatically reduce what is owed, the Greeks will be in outright default as early as next month. This summer should tell the tale on Greece’s future within the European Union.
Should Greece default and exit the EU, it will be the first event of its kind, and it has the potential to open a Pandora’s Box. There will be bank failures within Greece and pain for anyone holding Greek debt. It could pave the way for bankruptcy and an exit in a number of other nations where finances are also in shambles. And no one can confidently predict the outcome in derivatives markets where banks and hedge funds have been making highly leveraged bets.
Should the Greeks manage to reach an accord with lenders, markets will have to contend with a different set of challenges. You can bet other overly indebted nations including Ireland, Spain, Portugal, and Italy will aggressively pursue similar deals. The pain for bond holders isn’t likely to end with Greece.
The EU has a flood of bad debt swirling around its knees, but officials there continue to pretend they stand on solid ground. Regardless of whether Greece defaults outright or manages to cut a deal, it looks like the pretending will have to stop – and soon.
The CVS Pharmacy at the corner of North and Pennsylvania Avenue in Baltimore is a burnt-out shell. You probably saw the video last week. An angry mob carried the store’s inventory out by the armload, then set fire to whatever was left. Company officials are still deciding whether or not to rebuild.
Looting is not good for business in Baltimore. But it is absolutely fantastic for business in Washington DC.
Legions of political fundraisers are busily drafting letters to the faithful. Politicians are weaving the riots into their rhetoric. There is nothing like this kind of red meat to get people voting and writing checks.
The Republicans seemingly have the upper-hand in the political debate. The Democrat Party has had an iron grip on the City of Baltimore, running things from top to bottom for nearly 50 years. It’ll be harder for political leftists to assign the blame elsewhere, but that won’t stop them from trying.
Every politician will tell you what the problems are and propose a solution. There will be buckets of diagnoses and prescriptions from all over the spectrum. Devotees will shout about welfare, schools, unemployment, poverty, police militarization, and more. There is one issue, however, that isn’t going to get so much as a whisper in either Democratic or Republican fundraising letters.
Corrupt Money System Causes America to Rot from Within
We’re referring to the subject of honest money. Neither party wants to bring it up.
Democrats may have spent the past 5 decades building the dystopia that is Baltimore today. But they couldn’t have done it without the bipartisan effort in Washington DC to build our modern welfare/warfare state using oceans of freshly printed dollars and mountains of debt.
Politicians of every stripe love dishonest money. It’s the ultimate accountability dodge. It’s how you make promises to voters without even asking them to pay.
One side will moan about American jobs being sent overseas, disproportionately impacting minorities and the lower class. They’ll blame it on greedy corporations. They won’t mention their party’s undying support of Fed money creation and limitless borrowing – the very foundation of massive and perpetual trade deficits. Don’t expect them to admit that a whole lot of the unbacked dollars they adore effectively filled the cargo holds of ships instead of U.S. manufactured goods. And then sailed abroad to be swapped for goods made elsewhere.
The other side will screech about welfare. But they aren’t going to screech about Richard Nixon (R) – who slammed the gold window and made the dollar completely irredeemable. No way. Their party happily puts those fiat dollars to work funding wars and defense contractors. And they used them to outfit police departments across America with armored vehicles, military grade weapons, and training on how to use them against the disaffected masses marching in our streets.
The Republican Establishment, too, likes the option to bail out banks and the well connected without having to raise taxes or send real money for the purpose. And, despite the rhetoric, they have yet to defeat a single bill hiking the debt ceiling. In fact, they are almost certain to quietly hike it again later this year when Obama and his Treasury Secretary come calling.
GOP fundraising letters won’t discuss the direct relationship between the dishonest money the party loves – the printing and borrowing – and the wasteful spending it purports to hate. The government’s myriad of free money programs will be blamed on those darned “Socialists” across the aisle instead. In reality, both parties are responsible.
The events in Baltimore make great fodder. Rest assured, DC fundraisers have gone into overdrive. They say that your contribution is urgently needed. We suggest you support sound money instead.
With the enactment of the privately owned central bank, the Bank of England provided the model for the financial enslavement of governments, and their citizens. Well before the conflict for establishing a National Bank in America or the eventual surrender to the money changers with the betrayal in instituting the Federal Reserve, the history of the Bank of England needs to be studied. Relying on British historians may seem to invoke a cultural bias; however, the range and wealth of information on this topic comes from an earlier age. Further research will expand this understanding and many of the sources cited can fulfill this objective.
For purposes of a mainstream account, the official site of the Bank of England provides a flowery version about the background and purported success of the scheme proposed by “William Paterson, envisaged a loan of £1,200,000 to the Government, in return for which the subscribers would be incorporated as the “Governor and Company of the Bank of England”. Although the new bank would have risked its entire capital by lending it to the Government, the subscription proved popular and the money was raised in a few weeks. The Royal Charter was sealed on 27 July 1694, and the Bank started its role as the Government’s banker and debt-manager, which it continues today.”
“The bank hath benefit of interest on all moneys which it creates out of nothing.”
– William Paterson
THE FORMATION OF THE BANK OF ENGLAND by Halley Goodman provides a detailed and well sourced chronicle and background.
“The goldsmiths evolved to become the original private bankers of the time. Since goldsmiths already had as part of their trade private stores of gold and stout vaults to store them in, entrepreneurs could entrust their own gold to them for safe keeping, for a fee, and receive a paper receipt for the deposit. The goldsmiths could then lend monies against these deposits for an additional fee. Mr. Hartley Winters declares that “some ingenious goldsmith conceived the epock-making notion of giving notes…and so founded modern banking.” Merchants would deposit “their money with the goldsmiths and received from them receipts” that “…were payable on demand, and were transferred from one holder to another in payment of debts.” These receipts or notes from the goldsmith bankers, often in the form of a letter, are some of the earliest surviving cheques in England. Given the economic realities of the time, although deposits provided the funds for their business, most of the clients of these goldsmith bankers were usually borrowers rather than depositors.”
From such humble origins, the foundation was laid to invent a central bank that would create money out of thin air and loan it at interest to the government, who lost it sovereignty for making this Faustian bargain.
The Charter of the Bank of England (1694) with the Great Seal of William and Mary. The first usury central bank to be incorporated in England.
The Bank of England account, published by Cassell, Petter & Galpin cites a rocky start and opposition from the goldsmiths.
“In 1696 (very soon after its birth) the Bank experienced a crisis. There was a want of money in England. The clipped silver had been called in, and the new money was not ready. Even rich people were living on credit, and issued promissory notes. The stock of the Bank of England had gone rapidly down from 110 to 83. The goldsmiths, who detested the corporation that had broken in on their system of private banking, now tried to destroy the new company. They plotted, and on the same day they crowded to Grocers’ Hall, where the Bank was located from 1694 to 1734, and insisted on immediate payment—one goldsmith alone demanding £30,000. The directors paid all their honest creditors, but refused to cash the goldsmiths’ notes, and left them their remedy in Westminster Hall. The goldsmiths triumphed in scurrilous pasquinades entitled, “The Last Will and Testament,” “The Epitaph,” “The Inquest on the Bank of England.”
It did not take long for the Jewish bankers to set their sights on Paterson’s bank and financers for the English regime. Brother Nathanael Kapner adds his audacious viewpoints.
“The new King William III soon got England involved in costly wars against Catholic France which put England deep into debt. Here was the Jewish bankers’ chance to collect. So King William, under orders from the Elders of Zion in Amsterdam, persuaded the British Treasury to borrow 1.25 million pounds sterling from the Jewish bankers who had helped him to the throne.
Since the state’s debts had risen dramatically, the government had no choice but to accept. But there were conditions attached: The names of the lenders were to be kept secret and that they be granted a Charter to establish a Central Bank of England. Parliament accepted and the Jewish bankers sunk their tentacles into Great Britain.”
Actual control of the fiat central bank is discussed in Who owns the Bank of England?
“A very famous story relates to the Bank of England and the infamous Rothschilds, that all powerful banking family. This story was re-told recently in a BBC documentary about the creation of money and the Bank of England.
It revolves around the Battle of Waterloo in which Nathan Rothschild used his inside knowledge of the outcome and his faster horses and couriers to play the market by getting the result of the battle before anyone else knew the outcome.
He quickly sold his English bonds and gave all the traders who looked to him for guidance the impression that the French had won at Waterloo.
The other traders all rushed to sell their bonds before the market crashed thinking that they were now worthless and a massive fire-sale occurred as brokers clamered to get rid of their stock. This massive sell off quickly drove the price of the bonds down to 5% of their original worth.
Once the bottom had dropped out the market Nathan Rothschild then re-bought as many bonds back as he could at hugely discounted prices and in doing so he multiplied his wealth twenty times in 3 days of trading.
At the same time as becoming immensely wealthy he also became the single largest debtor to the English government which ultimately gave him control over the bank of England.”
“As you can see by the 250-year chart of Bank of England stock, the shares showed no real trend during the 1700s, rose in price during the Napoleonic Wars as England left the gold standard and suffered inflation, declined in price from around 1818 to 1845 during the deflation that followed, rose in price for the rest of the 1800s as the Bank gradually increased its dividend, plunged until 1920 as inflation occurred without any compensating rise in the dividend, then gradually rose in price until the Bank was nationalized in 1945. The behavior of the Bank of England’s stock encapsulates the general behavior of the British stock market over that 250-year period.”
Now for most of its history the privately held, Bank of England was extremely profitable to its owners. The method for charging interest on the creation of money has been the prime vehicle for driving both public and private debt throughout modern times.
The Guardian reports in the article, The truth is out: money is just an IOU, and the banks are rolling in it.
“The Bank of England let the cat out of the bag. In a paper called “Money Creation in the Modern Economy“, co-authored by three economists from the Bank’s Monetary Analysis Directorate, they stated outright that most common assumptions of how banking works are simply wrong, and that the kind of populist, heterodox positions more ordinarily associated with groups such as Occupy Wall Street are correct. In doing so, they have effectively thrown the entire theoretical basis for austerity out of the window.”
The entire monitory financial system is based upon charging usury on the creation of national currencies. No larger debtor exists then governments. The perfection of the Rothschild fraud is founded upon charging compound interest on the very medium of exchange that serves as legal tender.
The Bank of England set the stage for the centralization of all banking under the umbrella of banksters control. In order to discover all the secrets of manipulating the financial system, one must comprehend, the first and primary lesson; that central banks do not function as beneficiaries to their host nation, much less the ordinary “little people”.
Keeping this deplorable rip-off system extorting their pound of flesh is the principal objective of the financial elites. Interest on government bonds must be paid. More debt needs to be incurred. And the framework for human impoverishment lies at the feet of central banking.
Why are stocks still flying-high when the smart money has fled overseas and the US economy has ground to a halt?
According to Marketwatch:
“For the eighth week in a row, long-term mutual funds saw more money flowing out of U.S. stocks and into international stocks, according to the Investment Company Institute……For the week ended April 22, U.S. stocks saw $3.4 billion in net outflows from long-term mutual funds…For the year to date, net outflows for U.S. stocks are $13.79 billion, while inflows for international stocks are $41.12 billion.
Those figures, however, don’t count exchange-traded funds. In April alone, mutual funds and ETFs that focus on international stocks saw $31.8 billion in net inflows, while U.S.-focused funds and ETFs shed $15.4 billion, according to TrimTabs Investment Research.” (“Why U.S. stocks are near highs even as fund investors flee“, Marketwatch)
So if retail investors are moving their cash to Europe and Japan (to take advantage of QE), and the US economy is dead-in-the-water, (First Quarter GDP checked in at an abysmal 0.1 percent) then why are stocks still just two percent off their peak?
Answer: Stock buybacks.
The Fed’s uber-accommodative monetary policy has created an environment in which corporate bosses can borrow boatloads of money at historic low rates in the bond market which they then use to purchase their own company’s shares. When a company reduces the number of outstanding shares on the market, stock prices move higher which provides lavish rewards for both management and shareholders. Of course, goosing prices adds nothing to the company’s overall productivity or growth prospects, in fact, it undermines future earnings by adding more red ink to the balance sheet. But these “negatives” are never factored into the decision-making which focuses exclusively on short-term profits. Now get a load of this from Morgan Stanley via Zero Hedge:
“In 2014, the constituents of the S&P 500 on a net basis bought back ~$430Bn worth of common stock and spent a further ~$375Bn on dividend payouts. The total capital returned to shareholders was only slightly less than the annual earnings reported. On the fixed income front, the investment grade corporate bond market saw a record $577Bn of net issuance in 2014. While the equity and bond universes don’t overlap 100%, we think these numbers convey a simple yet important story. US corporations have essentially been issuing record levels of debt and using a significant chunk of their earnings and cash reserves to buy back record levels of common stock.” (“Buyback Bonanza, Margin Madness Behind US Equity Rally”, Zero Hedge)
So corporations are borrowing hundreds of billions of dollars from investors through the bond market. They’re using this cheap capital to repurchase shares in order to boost skyrocketing executive compensation and to line the pockets of their shareholders. At the same time, they are weakening the capital structure of the company by loading on more debt. (It’s worth noting that “highly rated U.S. nonfinancial companies” are now more leveraged than they were in 2007 just before the crash.)
This madcap buyback binge has gotten so crazy, that buybacks actually exceeded profits in two quarters in 2014. Here’s the story from Bloomberg:
“Companies in the Standard & Poor’s 500 Index really love their shareholders….Money returned to stock owners exceeded profits in the first quarter and may again in the third. The proportion of cash flow used for repurchases has almost doubled over the last decade while it’s slipped for capital investments, according to Jonathan Glionna, head of U.S. equity strategy research at Barclays Plc.
Buybacks have helped fuel one of the strongest rallies of the past 50 years as stocks with the most repurchases gained more than 300 percent since March 2009.” (Bloomberg)
But maybe we’re being too pessimistic here. Maybe stocks would have risen anyway due to record high earnings and improvements in the economy. That’s possible, isn’t it?
Nope. Not according to Morgan Stanley at least. Check it out:
“Since 2012, more than 50% of EPS growth in the S&P 500 has been driven by buybacks and growth ex-buybacks has been a mere 3.3% annualized. (EPS: Earnings Per Share)
“More than 50% “! There’s your market summary in one damning sentence. No buybacks means no 5-year stock market rally. Period. If it wasn’t for financial engineering and the Fed’s easy money, stocks would be in the same general location as the real economy, circling the plughole, that is.
What’s so frustrating about the present phenom is that the Fed knows exactly what’s going on, but just looks the other way. So while the stock bubble gets bigger and bigger, CAPEX –which is investment in future productivity and growth– continues to deteriorate, GDP drops to zero, and demand gets progressively weaker. Shouldn’t that warrant a rethinking of the policy?
Heck, no. The Fed is determined to stick with the same lame policy until hell freezes over. Whether it works or not is entirely irrelevant.
Now take a look at this eye-popper from Wolf Street: “GE, in order to paper over a net loss of $13.6 billion and declining revenues in the first quarter, said on April 10 that it would buy back $50 billion of its own shares.” (Wolf Street)
I can’t tell you how many times I’ve read similar stories in the last couple years. The company’s revenues are shrinking, they’re losing money hand over fist, and what do they do?
They announce they’re going to buy back $50 billion of their own shares.
What a joke. And it doesn’t stop there. The Fed’s policies have also ignited a flurry of activity in margin borrowing. This is from CNBC:
“NYSE margin debt rose to an all-time high in March, according to recently released data from the stock exchange….NYSE margin debt sat at $476.4 billion, up from $464.9 billion at the end of February..(Note: That’s $95 billion more than 2007 at the peak of the bubble.)
Margin debt is created when investors borrow money in order to buy stocks. If an investor buys $100 worth of stocks with $50 in capital, that individual has $50 of margin debt outstanding. Since margin debt provides leverage, it amplifies gains, but also increases the risk to an investor.” (“What record-high margin debt means for stocks”, CNBC)
More borrowing, more risk taking, more financial instability. And it’s all the Fed’s doing. If rates were neutral, then prices would normalize and CEOs would not be engaged in this reckless game of Russian roulette. Instead, it’s caution to the wind; just keep piling on the debt until the whole market comes crashing down in a heap like it did six years ago. And that’s the trajectory we’re on today, in fact, according to TrimTabs Investment Research, February saw buybacks in the amount of $104 billion, ” the largest monthly figure since these flows were first tracked 20 years ago. ”
So things are getting worse not better. Bottom line: The Fed has led the country to the cliff-edge once again where the slightest uptick in interest rates is going to send the economy into freefall.
But why? Why does the Fed keep steering the country from one financial catastrophe to the next?
That’s a question that economists Atif Mian and Amir Sufi answer persuasively with one small chart. Check it out:
“Here is the distribution of financial asset holdings across the wealth distribution. This is from the 2010 Survey of Consumer Finances:
The top 20% of the wealth distribution holds over 85% of the financial assets in the economy. So it is clear that the direct income from capital goes to the wealthiest American households.” (Capital Ownership and Inequality, House of Debt)
Why does the Fed create one bubble after the other?
Now you know.
Saudi Arabia has been dominating the Middle Eastern news recently. Its bombing of the Shia Houthis in Yemen, supported by Washington, and its ambivalent stand on ISIS, concealed in Washington, should raise questions about the nature and long-term ambitions of the desert kingdom. On those key issues there is an apparent conspiracy of silence in the American mainstream media and the policy-making community.
Saudi Arabia, the most authentically Muslim country in the world, is a polity based on a set of religious, legal, and political assumptions rooted in mainstream Sunni Islam. To understand its pernicious role in the ongoing Middle Eastern crisis, and to grasp the magnitude of its ongoing threat to America’s long-term strategic interests and security, we should start with the early history of that strange and unpleasant place.
MUHAMMAD IBN ABD AL-WAHHAB was born in central Arabia over three centuries ago, but his legacy is alive and well. Wahhab was a zealous Muslim revivalist who lived in the period of the Ottoman Empire’s early decline. He felt that Islam in general, and Arabia in particular, needed to be spiritually and literally re-purified and returned to the true tenets of the faith. Like Islam’s prophet he married a wealthy woman much older than himself, whose inheritance enabled him to engage in theological and political pursuits. His Sharia training, combined with a brief encounter with suffism – which he rejected – produced a powerful mix. From the suffis he took the concept of a fraternal religious order, but rejected initiation rituals and music in any form. He also condemned the decorations of mosques, however non-representational, and sinful frivolities such as smoking tobacco. This Muslim anabaptist rejected veneration of saints and sites and objects connected with them, and gave rise to a movement that sees itself as the guardian of true Islamic values. His ideas were espoused in the Book of Unity which gave rise to the name of the movement, al-Muwahhidun, or Unitarians.
By the middle of the 18th century Wahhab, like Muhammad eleven centuries earlier, found a politically powerful backer for his cause. In 1744 he struck a partnership with Muhammad ibn-Saud, leader of a powerful clan in central Arabia, and moved to his “capital,” the semi-nomadic settlement of ad-Dir’yah (Riyadh). Since that time the fortunes of the Wahhabis and the Ibn Said family have been intertwined. Under ibn-Saud’s successor Abdul-Aziz, the Wahhabis struck out of their desert base at Najd with the fury unseen in a millennium. In what looked for a while like the repetition of Muhammad’s and the Four Caliphs’ phenomenal early success a millennium earlier, they temporarily captured Mecca and Medina, marched into Mesopotamia – forcing the Ottoman governor to negotiate humiliating terms – and invaded Syria.
This was an unacceptable challenge to the Sultan, the heir to the caliphate and “protector of the holy places.” In 1811 he obtained the agreement of Ali Pasha, Egypt’s de facto autonomous ruler following Napoleon’s withdrawal, to launch a campaign against the Wahhabis. After seven years they were routed. Later in the century, however, the sect revived under Faysal to provide the focus of Arab resistance to the Ottoman Empire, which they considered degenerate and corrupt.
In 1902 a daring and bellicose prince of the ibn-Saud family, named after Abdul-Aziz “the warrior,” returned from exile with 40 horsemen and took control of Riyadh. He exploited the terminal weakness of the Ottoman Empire, soon to be embroiled in revolution and beset by external threats to its crumbling empire in the Balkans and Libya. Fired by the spirit of Wahhabism, Abdul Aziz embarked on a campaign to recover control over the whole of Arabia. In 1912 the Wahhabi revival prompted the founding of a religious settlement at Artawiyah, 300 miles north of Riyadh, under the auspices of theIkhwan, the Brotherhood. This was a stern Arabian variety of Plymouth, a Muslim New Jerusalem in which people were dragged from their homes and whipped for failing to attend Friday prayers.
IN THE CHAOTIC YEARS after the demise of the Ottoman Empire the Ikhwan proved to be an able and fanatical fighting force, securing victory for Ibn Saud, their leader and the founder of the present royal dynasty. In 1925 they carried out Ibn Saud’s order that all revered burial sites in Mecca and Medina be destroyed, including the “heavenly orchard” in Medina, where relatives and many early companions of Muhammad were buried. In 1926 they proclaimed Abdul-Aziz the King of Hejaz. Within a decade he had united the rest of Arabia and imposed the Wahhabist view of the world, man, law, and Allah, on most of the peninsula.
It is incorrect to say that the Wahhabi movement is to Islam what Puritanism is to Christianity, however. While Puritans could be regarded as Christianity’s Islamicists sui generis with their desire to turn Christianity into a druly scriptural, literalist theocracy, Wahhabism is unmistakably “mainstream” in its demand for the return to the original glory of the early Islamic Ummah. Their iconoclastic zeal notwithstanding, the Wahhabis were no more extreme or violent than the models for Islam – the “prophet” and his companions – have been in all ages and to this day.
THE HEIRS OF ABDUL WAHHAB are still heading the Saudi religious establishment. They resisted the introduction of “heathen” contraptions such as radio, cars, and television, and relented only when the King promised to use those suspect mediums to promote the faith. They stopped the importation of all alcohol, previously sold to foreigners (1952), and banned women driving motor vehicles (1957). The Kuran and Sunna are formally the country’s constitution and the source of its legal code. The original sources of Islamic orthodoxy – the Kuran and Hadith – provide ample and detailed evidence that Saudi Arabia is as close as we can get to an Islamic state and society. The State Department report on human rights in the Kingdom of Saudi Arabia published 15 years ago offers an accurate glimpse of that vision in action:
Freedom of religion does not exist. Islam is the official religion and all citizens must be Muslims. Neither the Government nor society in general accepts the concepts of separation of religion and state, and such separation does not exist. Under Shari’a conversion by a Muslim to another religion is considered apostasy. Public apostasy is a crime punishable by death -if the accused does not recant. Islamic religious education is mandatory in public schools at all levels. All children receive religious instruction… Citizens do not have the right to change their government. The Council of Senior Islamic Scholars… reviews the Government’s public policies for compliance with Shari’a. The Government [views] Islamic law as the only necessary guide to protect human rights. There is legal and systemic discrimination based on sex and religion.
Nothing has changed since: the Kingdom of Saudi Arabia is the most intolerant Islamic regime in the world. While the Saudis continue to build mosques all over the world, tens of thousands of Christians among the millions of foreign workers from Asia, Europe and America must worship in secret, if at all. They are arrested, lashed or deported for public display of their beliefs. The Saudi religious police, known as the Committee to Promote Virtue and Prevent Vice, continues to routinely intimidate, abuse, and detain citizens and foreigners. In 2002 they pushed girls escaping from burning school buildings back into the inferno and certain death because they did not have their heads properly covered. Its detainees are routinely subjected to beatings, sleep deprivation and torture. Punishments include flogging, amputation, and public execution by beheading, stoning, or firing squad – over 50 were performed so far this year.
Women are second class citizens: according to the CIA world factbook, 82.2% of females are literate, in comparison to 90.8% literacy rates in males. The testimony of one man equals that of two women, and female parties to court proceedings must deputize male relatives to speak on their behalf. Women are not admitted to a hospital for medical treatment (often for wounds resulting from domestic violence) without the consent of a male relative. In public a woman is expected to wear an abaya (a black garment that covers the entire body) and to cover her head and face. Daughters receive half the inheritance awarded to their brothers. Women must demonstrate Sharia-specified grounds for divorce, but men may divorce them without giving any cause. In addition women must not drive cars, must not be driven except by an employee, or husband, or a close relative, and even then must not occupy the front seat. Women may study abroad if accompanied by a spouse or an immediate male relative. Women may own a businesses, but they must deputize a male relative to represent it.
Political detainees commonly are held incommunicado in special prisons during the initial phase of an investigation, which may last weeks or months, without access to lawyers. Defendants usually appear without an attorney before a judge, who determines guilt or innocence in accordance with Shari’a standards. Most trials are closed, and crimes against Muslims receive harsher penalties than those against non-Muslims. A sentence may be changed at any stage of review, except for punishments stipulated by the Koran.
The only expanding industry in Saudi Arabia is that of Islamic obscurantism. Some examples are grotesque: in 1966 the Vice-President of the Islamic University of Medina complained that Copernican theory was being taught at Riyadh University; it has been banned ever since. Three hundred years after the Christian theologians had to concede that the Earth went around the Sun, the geocentric theory was reaffirmed in the centers of Saudi learning. Segregation of the sexes at schools is set at age nine, which is the age for girls to start to wear the veil.
The opinions of the ullema are the only internal check and balance on the ruling family. Five Saudi Islamic universities produce thousands of clerics, many more than will ever be hired to work in the country’s mosques. Thousands end up spreading and promoting Wahhabism abroad. The King of the Saudis remains their Imam. He and the Wahhabi religious establishment see it as their sacred duty and purpose to evangelize the world. The petro-dollar windfall has paid for the construction of some ten thousand mosques and “Islamic centers” in the United States and other parts of the world. All along, needless to say, no churches (let alone synagogues) can be built in Saudi Arabia, and all non-Muslim religious practice is strictly forbidden.
Once upon a time, the famous criminal Willie Sutton was asked why he robbed banks, and his response was simple, eloquent, and humorous: “Because that’s where the money is.” Well, soon that adage may be proven untrue. What exactly is the meaning of legal tender? In order to place money in its proper perspective, examine what the U.S. Treasury says.
“The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled “Legal tender,” which states: “United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues.”
Now one might reasonably expect that conducting cash transactions would be guaranteed by the full weight and protection of the Federal Government. Such an assumption would be false, since the Banksters operate as a power beyond the law. The Zero Hedge report in Largest Bank In America Joins War On Cash, reveals a frightening trend.
“The war on cash is escalating. Just a week ago, the infamous Willem Buiter, along with Ken Rogoff, voiced their support for a restriction (or ban altogether) on the use of cash (something that was already been implemented in Louisiana in 2011 for used goods). Today, as Mises’ Jo Salerno reports, the war has acquired a powerful new ally in Chase, the largest bank in the U.S., which has enacted a policy restricting the use of cash in selected markets; bans cash payments for credit cards, mortgages, and auto loans; and disallows the storage of “any cash or coins” in safe deposit boxes.”
There is only one conclusion that can be drawn from such an anti-cash sentiment. Your property is no longer your own. This fundamental attack on the value of money should erupt in national outrage. However, a key reason why people continue in their daze is provided in the following stats. 75 Percent Of Americans Don’t Have Enough Savings To Cover Their Bills For Six Months: Survey. If folks don’t have any significant savings, accepting further restrictions on cash just does not seem that important to them.
Such a response guarantees even further risks that the public cannot avoid. And this condition is not confined just to the United States.
The Mises Institute European cites examples of The International War on Cash, in their extensive archives. Accompanying these cases is a report that The ‘War On Cash’ Migrates To Switzerland. In addition, review The War on Cash Special Report, which provides several references on the assault to ban and eliminate cash. Lastly, The “War on Cash” in 10 Spine-Chilling Quotes provides an inclusive overview of the anti cash sentiment that is building among establishment authoritarians.
All these illustrations forecast a coming disaster. Calling in the Federal Reserve notes and replacing the last vestige of a U.S. Dollar with some new accounting medium of exchange would surely incur a diminished purchasing value, when a swap takes place.
Consumers are so conditioned to the rapid change in color and design of the “Green Back” that substituting a new currency will hardly turn into a national scandal. A run at banks to withdraw the merger sums in personal accounts will be met with the preverbal distain that money center banks are so good at dispensing.
This is the ultimate dilemma, between a rock and a hard place. One can already imagine the public comments from Treasury. Maybe bring back Hank Paulson for his public relation skills might just be the last straw for savers, but for the dependency class, few will even change the channel from their favorite “Reality TV” episode.
“Going to the Mattresses” when your lock box is sealed by your banker is a very poor option for the average consumer. Security in a paper currency that can be recalled and pegged lower by government policy is dangerous.
As for precious metals, who among us would not reasonably conclude that hoarders will risk the criminalization of their preparedness. Electronic money such as Bitcoins could and probably will be shut down as a method to establish a counterfeit money scheme.
Remember that the legal tender laws can and will define what medium of exchange will constitute money under a fiat paper meltdown.
There is no pure play of secure means to provide peace of mind. Those who propose putting all your chickens in one basket have not taken measures to protect against a “bird flu money” pandemic.
Now is the time to place pressure on the entire banking system to demonstrate a modicum of social and economic responsibility to the customers and communities they are suppose to serve.
Defending the too big to fail money center institutions with a zero interest rate flow of credit inevitably results in a climate of eliminating cash as an alternative to earning a negative rate deposit policy.
Banksters continue to operate their debt credit scam with virtual immunity. A historic financial storm is building. It will soon surpass the 2008 meltdown by an unimaginable degree.
Those who believe personal debt will be ignored or forgiven, do not understand the nature of the financial plutocrats. Their control of political power is intact. Little suggests that this will change unless the nation revolts.
The shortcomings of the Tea Party and the Occupy Wall Street movements, while valuable in raising public awareness, never solidified into a national crusade against the international banksters.
In order to grasp the opportunity, when a system wide collapse occurs, people need to get their own house in order. Do not be part of the cashless society, because that course directly enables the monitoring, intimidation and control of your ability to survive.
Boycott the mega banks and seek local and community friendly financial franchises. The war on cash must be fought before the only money available will only buy approved items at the government company store. Act now with urgency.
Blaming the 1% for diminished prosperity avoids the real reasons for designed poverty. In round terms, the seven billion souls that populate this planet translate into seventy million to be part of the 1%. Well, that amount is still a very large number to blame for the systemic transfer of riches into the hands of the few. A far more relevant approach is to examine the .001% or around seven million that fall into the mover or shakers of asset and possessions. Before targeting this group of mega wealth, that figure includes a very significant number, who are non players when it comes to global politics or transnational finance.
Recent record art sales illustrate the insulated existence that wraps the super rich in a different world from ordinary people. The Washington Post writes, What it looks like when the .001 percent fights over art.
“Welcome to Christie’s,” Pylkkanen said, without missing a beat.
It was that kind of night, with Christie’s selling a record $852.9 million worth of contemporary and post-war art. There were new records for 11 artists, including Twombly, Ed Ruscha, Peter Doig, Martin Kippenberger and Seth Price, according to figures released by Christie’s.”
Not exactly familiar household art celebrities, this version of trickledown economics is only for the in crowd. A Reuter report, Life continues sweetly for the .001 percent, continues.
“Art envy isn’t the only sign that the Occupy Wall Street din isn’t being heard on penthouse terraces. Sanford Weill, the former chief executive of Citigroup (C.N), put his 6,700-square-foot, top-floor residence on Central Park West on the market for $88 million. That’s twice what he paid for it four years ago and would be a Manhattan record. Weill said he plans to donate proceeds from the sale to charity, but for the time being would still have it as a deduction to apply against his taxable income.
The point is, the besieged banker class is still going about its business — and wielding considerable clout. That’s a lesson celebrity chef Mario Batali learned after likening bankers to Adolf Hitler and Josef Stalin at a media event. After news of the comments swept across Wall Street and sparked talk of boycotts among Batali’s well-heeled clientele, he apologized. With the 99 percent rallying against them, the rich clearly can’t afford to turn on themselves.”
While the uber rich are not exactly a monolith, there are certain factors that go unchallenged. List of 80 People With as Much Money as 1/2 of Humanityprovides a starting point. Then examine the growth in their wealth. In 2015, there was a record of 1,826 people on the list with a total net worth of $7.05 trillion, up from $6.4 trillion in 2014. The bible of financial registry is the Forbes billionaire list which is wholly inadequate as a comprehensive tally. Notwithstanding, the seven trillion figure is but a fraction of the estimated $241 trillion which represents total global combined wealth of all the people in the world.
This disparity just does not compute when compared to the commonly held dogma of the holdings of the 1%. Even the rarified air of the .001% will not account for the difference. The missing link is that people, as individuals, do not control the vast majority of resources, assets, money and wealth.
Governments, financial institutions, corporations, transnational conglomerates, NGO’s, trusts, estates and hidden hybrid ownership truly controls the global economy that dictates, who benefits from the consolidation of capital and oversight of natural resources.
The mandates that pass as national laws and international treaty relations share a common composition. Protecting the superstructure that facilitates elite domination over the masses of world population is the object of the game. The rest of us are left with distractions, illusions and misdirect narratives of a false reality that embodies the popular culture.
The mass media message is consistent. It paints the ruling class as benevolent and caring. The collectivist administrations of different regimes are planned as a huge dependence machine. Some countries are more dominant than others, by all practice institutional autocracy as a condition of allowing their citizens the privilege of conditional government sustenance.
Individual liberty is besieged as a frightening threat to the system. Actual free economic markets are destroyed as a matter of course. Cartels, cabals and monopolies rule as cronyism with the decision makers dictate the direction of the technocratic socialism that has engulfed world society.
The reason why human circumstances continue to deteriorate is clear to anyone who has the honesty to admit that the dire consequences are not accidental or unintentional. However, coming to grips with the architectures of international finance is just too painful to endure. A comment from a leaving subscriber of the BATR RealPolitik Newsletter, sums up perfectly a core reason why the world totalitarian system continues with such little opposition. “Your site does an excellent job of exposing the truth but this imposes too high a price on my daily mental attitude and overall health”.
Life is seldom fair, and more often painful, but a cop out of unpleasant reality guarantees that the Rothschild manipulated model of world slavery will achieve their ultimate goal of massive population extinction for the dependency populace.
A primary failure of the “Looney Left” is placing their faith into the role of government to correct the punitive excesses of global internationalism. The nature of the contrived interdependency is based upon the power of fiat finance to own and dictated policy to their state sponsored lackeys.
Those brave hearted dissenters to the “international community” are driven from office, discredited by a media assault or killed if they become too much of a threat.
Jack Lessenberry offers this assessment in, Politics and Prejudices: What’s really ruining America.
“Income inequality in this nation is not only bad and getting worse, but most of us are either brainwashed, in total denial, or too gutless to even talk about it. Why don’t you hear Hillary Clinton or Elizabeth Warren screaming about this, as they should be?
For two simple reasons: First, they’re afraid they’ll instantly be accused of wanting to start “class warfare,” a term that, like socialism, evokes bad nightmares of — shudder — Communist dictatorships.
But more sadly, they probably don’t think there’s anything they can do about it, other than maybe slow the trend a little bit.”
This critique of the “so called” daring progressives actually reveals that both play up to the establishment. Bucking the true world power brokers is very dangerous. Ask JFK, RFK, George Wallace and Ronald Reagan. Satanic megalomaniacs are committed to the impoverishment of the masses and their eventual total demise.
When was the last time that a real populist grassroots movement was able to overthrow the ruling elites? The deplorable answer is never in our lifetime.
The systemic wealth destruction that has rendered former Middle America to borderline poverty came as no accident. Don’t blame all those new faces in the billionaire crowd; they only have large bank accounts. Focus on the dynasty families that share the same bloodline and pull the strings on government puppets that administer the all-inclusive enslavement of humanity as their primary goal.
Collectivism is a deadened scheme, originated by the globalists to deceive the struggling “unwashed” to look toward government for a better future. Wow, what a miserable fiasco.
Having money is better than being poor, all other factors relative. However, earning wealth the old fashion way, by working hard is virtually a non starter today. The casino economy is a stacked deck against the industrious.
Only a total reputation of the Free Trade corporatist plantation that has de-industrialized America could remotely turn the tide. But before any boom could begin and restore national hope, the political organized crime syndicates must be recognized as the enemy of the people and driven from their power centers and debt created money schemes.
Just like the burnt out aforementioned BATR reader, the remaining moral participants that do battle with a corrupt system must risk having their head cut off, for any chance of returning to prosperity.
The task is great and little time is left. The NYT reports that a Deal Reached on Fast-Track Authority for Obama on Trade Accord, will expand the globalist fiefdom even more.
“To further sweeten the deal for Democrats, the package includes expanding trade adjustment assistance — aid to workers whose jobs are displaced by global trade — to service workers, not just manufacturing workers. Mr. Wyden also insisted on a four-year extension of a tax credit to help displaced workers purchase health insurance.”
This is a clear example of collectivism at play. Government subsidies that replace real employment, does not create wealth for our own people or for the country as a whole. It is high time to admit that the 99.9% is screwed as long as this same old globalist trade fraud continues to impoverish our domestic economy.
Rally against the globalists and refuse any legitimacy to a system that is designed to distract with class warfare, while the central banksters own the vast total wealth and control the power structure.
There’s a new front opening up in the war on your wealth. If you haven’t heard yet of the “bail-in,” you will. Even if you have, you need to know the latest…
The bail-in is another weapon in the government’s arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
We’ve long been familiar with capital controls, such as daily limits on bank withdrawals. Add that to seven years of microscopic interest rates cannibalizing savers’ nest eggs combined with planned inflation stealing your money while you sleep. But unlike the drip-drip we’re used to, the bail-in will come upon you quickly, harshly, and with finality.
As the world faced a complete financial meltdown in 2008, Congress ponied up fresh taxpayer money – $800 billion for openers and trillions since – to bail-out favored banks and industries. Out-of-favor institutions were allowed to fail. Jobs, fortunes, and futures disappeared while unborn generations were saddled overnight with unpayable debt.
Congress and bankers noted the sharply disagreeable taxpayer reaction. So they recycled an old idea from the Great Depression’s playbook – next time, just steal bank depositors’ life savings.
That tried and true tactic took a new name: the bail-in. The easy part – the laws they needed had been in place for decades. But for added cover, they passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, a 1930’s-styled, bank heist blueprint with a feel-good name.
Those laws altogether say your money in your bank account in your name is not your money. Those laws say the bank owns your deposited money, not you.
Court cases have upheld for decades that putting your money in savings, a CD, or other banking products means you’ve become an “unsecured creditor.”
Your deposit is actually an unsecured loan to the bank with all the problems of counterparty risk! Instead of being presented with collateral, you get an IOU that pays a pittance in interest, or in many cases nothing.
A busted bank doesn’t have to return your principal deposits. Unlike when YOU are the borrower and THE BANK is the lender, the bank didn’t tender you a lawyered up promissory note or offer you a lien on its assets. Legally speaking, you may as well have handed your money to a stranger in the alley.
“Unsecured creditor” means just what it says: “no security.”
As banks went belly up during the Great Depression, slaughtering depositors’ life savings, Congress offered reassurance that banks could be safe by creating the Federal Deposit Insurance Corporation, or FDIC. For decades thereafter, careful depositors walked the tightrope of spreading their deposits among various banks to qualify for insurance protection.
Every depositor should now be aware of the FDIC’s congressional mandate to handle the next global economic meltdown. Readers can read that entire scheme here.
It’s not an easy read because it was never meant to be. Here are some notes that might help…
The Scheme’s Fine Print Reads: Bank Depositors Are Screwed
It’s a joint plan with the Bank of England. Bankers see the next meltdown again going global. The title accurately names the sole intended survivors – “Globally Active, Systemically Important Financial Institutions.” The document reveals a future meltdown was anticipated, discussed, and coordinated years before the publication date of December 10, 2012.
The language “top of the group” refers to creditors, stock holders, and bond holders. They are first in line for slaughter (p. ii, p. iii).
“Resolution tools” and “resolution powers” are used throughout the document. “…applying resolution tools to different parts of the group” means FDIC has authority to make it up as they go (p.1, para 3). “…resolution authorities must not be constrained in exercising discretion” means FDIC decisions carry absolute legal authority (p.1, para.4).
FDIC doesn’t like the word “save,” as in “save bad banks.” FDIC substitutes the word “resolve” 18 times.
And then there’s you, the “unsecured creditor.”
As it happens, “unsecured creditors” are quite important with the FDIC, appearing 11 times in the 18 page document. “…unsecured creditors should thus expect that their claims would be written down to reflect any losses that shareholders did not cover” means we’ll tell you how much you lost after we divvy up the take (p.6, para 12). That could also point to lowered insurance limits without notice, if any insurance is left at all.
“…it will take time for losses to be assessed for purposes of recapitalization” strongly hints at freezing any loot in accounts left behind (p.8, para 35).
Your consolation prize, if there’s one at all, might be some government-issued bank stock you can’t sell.
FDIC congratulates itself 9 times for not “exposing taxpayers,” never mentioning FDIC itself would be bankrupt after the first $50 billion in claims, leaving taxpayers to bail-out the very FDIC created in 1933 to shield their savings deposits. One single zombie bank could easily swallow $50 billion. Estimates of currently insured FDIC deposits exceed $6 trillion.
Bail-in Scheme Has Been Tested and Is Ready for Use
The bail-in ripoff scheme has been successfully tested. Depositors in Cyprus found their savings largely wiped out early in 2013. That infamous bail-in was a test run, leaving the U.S. government’s fingerprints all over Cyprus. It is significant to note Cypriot authorities claimed, on their website, the legal authority to change rules mid-stream at any time, just as the FDIC claims.
Low withdrawal limits stopped panicked depositors’ last minute bank runs. As banks stole their deposits, no citizens stormed banks with pitchforks, no guillotines were hauled into the village square. Bankers from Cyprus to New York congratulated themselves all around.
Poland quickly followed, stealing not bank accounts but private pension funds. Authorities took 50% of Polish retirement funds overnight with the click of a mouse.
Bail-in plans have been adopted by Canada, Australia, and throughout Europe for future use. The G-20, representing the twenty largest national economies, rubber stamped approval for global bail-ins late last year, as has the International Monetary Fund. Just last week, Austria suddenly dumped its version of FDIC insurance altogether.
Governments facing economic annihilation across the globe are now legally authorized to seize banking depositors’ savings, either all or in part, overnight, and without notice. The bail-in is a treasure map for bankers and governments at the next hint of worldwide economic calamity.
They know the next meltdown will be your grandfather’s Great Depression.
Unlike the 1930’s, there will be no point standing in long lines with hat in hand to ask for your money. By the time you hear the news, your money in the bank will already be gone.
So you thought that the unimaginable could not happen. The signal is heard loud and clear. Keeping your money in a fiduciary account will not only earn no interest; there will be an actual cost of parking your funds in a bank relationship. The madness that has engulfed the financial sector is preparing to escalate the systematic looting of saved capital. Ponder the consequences of negative bank rates and ask, what exactly can anyone do or where can they place their money for safekeeping. The first objective of entrusting your funds to a financial institution is to have the ability to obtain access to the return of your capital.
The Less Than Zero article analysis explains accordingly.
“Since central banks rates provide a benchmark for all borrowing costs across a country’s economy, yields on a range of fixed-income securities – including government bonds of countries like France and Germany – also slipped below zero. Banks are reluctant to pass on negative rates to retail depositors for fear of losing customers, even though that hurts their profit.
In theory, interest rates below zero should reduce borrowing costs for companies and households, driving demand for loans. In practice, there’s a risk that the policy might do more harm than good.”
Only a dullard would believe that banking institutions will not eventually drop their interest rate pay outs to depositors, as their own costs are taxed or central banking policy demands that the value of the currency must be diminished.
The example that Australia Wants To Tax Bank Deposits: Will The US Follow? This report poses an obvious question for anyone keeping money in the depository system.
“Several months ago, the government of Australia proposed to tax bank deposits up to $250,000 at a rate of 0.05% (5 basis points). To be clear, the proposal seems to plan on taxing the banks based on the amount of deposits they’re holding—but it’s pretty obvious this will be passed on to consumers in the form of lower interest rates.”
- Taxes on bank deposits are generally the same as negative interest rates.
- Taxes always start small… then increase over time.
- Taxes are rarely used for their stated purpose.
- If this can happen in Australia, is anyone foolish enough to think it can’t happen in the US or Europe?
Reuven Brenner, in The Potentially Devastating Consequences of Negative Rates, published in Real Clear Markets, the admittedly benedictory of this planned policy.
“The fact that the U.S. stock market has been – at least nominally – at an all-time high is not particularly surprising in such an environment. The problem is that stock-market signals no longer convey the information they did during normal times of positive interest rates. According to Bloomberg, companies have been buying back their shares at $5 billion per day, or roughly 2 percent of the value of shares traded on U.S. exchanges. Since 2009, they have bought back more than $2 trillion of their shares, spending about 95% of their earnings on buybacks and dividends, while issuing bonds at the low interest rates. Central banks’ zero interest rate experiment brought about the profitable financial engineering and increased nominal stock prices. The latter do not signal improved real prospects, but only that the buying of one’s own shares is a good investment with zero or negative interest rates.”
Individual net wealth has declined and real income has been in the tank since the 2008 meltdown is indisputable for the average family. Retirees have been hurt the most. The Negotium essay, Low Interest Rates Impoverish Savers makes the case that minuscule interest rates harm savers and concludes: “The submissive banking customer needs to take a hard look on continuing their depositing relationship with the commercial saving establishment.”
This determination is based upon pure common sense. The tangible purchasing power of the U.S. Dollar in this deflationary income scenario is buffeted by higher prices for staple and necessary costs. The end result is a loss of wealth and dim prospects of recouping the decrease in value of their cash.
What actions can be taken while your paper money can still be used to buy assets?
Even if a dramatic implosion of the international financial system can be forestalled or in a perfect world, avoided; the slow drop by drop decline in the marginal liquidity of the personal resources will accelerate even faster. All fantasyland prospects of prosperity returning as indebtedness continues are pure poppycock.
Going to cash presents another risk as author, Pater Tenebrarum’s assessment in The Consequences of Imposing Negative Interest Rates, indicates. “In the US, private persons who are found in possession of large amounts of cash must fully expect that it will be confiscated without trial or any evidence of a crime by means of the “civil forfeiture” procedure.”
Even if ready Federal Reserve notes are not stolen, the other danger is a currency recall. The “crayola currency” substitution, which has already taken place with hardly a whimper from the public, trained the population for a very real possibility that the U.S. Dollar may go extinct and a new fiat medium with a substantially lower purchasing power would be introduced.
Protecting capital in equities or bonds keeps your money at the mercy of the Corporatocracy. Stashing your notes in a saving account where a charge for keeping a deposit is certainly painful. None of these options are safe much less foolproof.
Buying physical metals has a strong historic record of preserving your remaining wealth. However, how long do you think it will take to criminalize holders of gold when the financial dam busts?
The only certainty known is that only the NWO elites have prepared their vision for global enslavement through the credit and debit paper transactions that they control. Populism demands a new era of monitory accountability and honest money.
Only from the ashes of central banking pillage through a political realignment of decentralized power can the world crawl back to solvency.
Entrepreneurs’ versus the corporatists’ mode of business culture are separated by a vastly different view of enterprise. The former deems his work as innovative, creative and beneficial to customers. The later see the corporate organization as an institution end of itself. Competition makes the business pioneer sharp and driven, while any competitor is targeted for demise within the corporative culture. Buyouts of ventures that show promise may be a payoff reward for the struggling enterpriser, but the corporatist CEO sees the absorption of new technology as a twofold gain. Acquiring the means to create or advance market share and stamping out any future competitive threats.
This corporatist culture actually has merged with the definitive enforcement partner; namely, the state. The morphing of anti-trust safeguards into a system of crony alliance protection is the current standard for the globalist economy. The implication is that a company needs to pay to play and become “Free Trade” proponents to even remain in business.
Thomas E. Woods Jr. cites a prime example of the contemporary corporate-government fascism that controls the global economy, with the example of Government Electric. In The Cultural Costs of Corporatism: How Government-Business Collusion Denigrates the Entrepreneur and Rewards the Sycophant, the formula is set.
The best case study in political entrepreneurship may be General Electric. CEO Jeffrey Immelt pretty clearly laid out his approach in a letter to stockholders in the depths of the 2008–9 recession, and just days after the inauguration of Barack Obama, who promised to “remake America.”
“The global economy, and capitalism, will be “reset” in several ways. The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner. . . . Successful companies won’t just “hunker down”; they will seek out the new opportunities in a reset world.”
Later in the letter, Immelt stated more directly that GE saw the government as its best potential customer:
“GE’s broad technical portfolio positions us as a natural partner as the role of government increases in the current crisis. Over the past decade, we have positioned GE to lead in the “big themes.” These include emerging market growth, clean energy, and sustainable healthcare. . . .
Governments will invest to stimulate their economies, solve societal problems, and create jobs. GE’s broad portfolio and expertise position us as a natural partner. Tackling important problems together will require teamwork and respect between business, government, and society. We know how to do this and intend to play an important part in solving these essential challenges.”
If success is measured by the amount of retained money or return on assets and especially how little taxes are paid, the GE mold is frightening. Corporatism: The Real World of Corporate Favoritism reports.
“General Electric’s annual SEC 10-K filing for 2011 (filed February 24, 2012) reveals that the company paid at most 2.3% of its $81.2 billion in U.S. pretax profits in federal income taxes over the last 10 years.
Indeed, General Electric, the nation’s largest corporation, paid no federal corporate taxes in the United States in 2010, according to a report in The New York Times.”
The book, Rescuing Capitalism from Corporatism by John David Rose documents the long record of GE’s criminal price fixing going back to 1911 anti-trust violations. By any reasonable criteria, over a century of predatory pricing and monopolist market domination is a definite cultural deficiency.
Corp Watch contributor Charlie Cray lists a series of General Electric transgression topics and examples. Some of the more relevant items are:
Defense Contracting Fraud
Violations of Securities Laws
History of GE Labor Relations
Environment and product safety
Anti-competitive and consumer protection
Unlawful Debt Collection Practices
It would be difficult to explain away such a pattern of conduct as merely the side effects of becoming a prevailing behemoth. More to the point, the mentality that allows and encourages such behavior is a fundamental component that invigorates transgressions against ethical business practices. The net effects upon society, encourages the corporatist mindset to consolidate their state sponsor cronyism.
It seems unnecessary to dispute the negative consequences of “too big to fail” after the 2008 collapse. However, the concept of The Economic System of Corporatism offers this assessment.
“Coupled with the anti-market sentiments of the medieval culture there was the notion that the rulers of the state had a vital role in promoting social justice. Thus corporatism was formulated as a system that emphasized the positive role of the state in guaranteeing social justice and suppressing the moral and social chaos of the population pursuing their own individual self-interests. And above all else, as a political economic philosophy corporatism was flexible. It could tolerate private enterprise within limits and justify major projects of the state. Corporatism has sometimes been labeled as a Third Way or a mixed economy, a synthesis of capitalism and socialism, but it is in fact a separate, distinctive political economic system.”
Yes, once again, let’s called this synthesis by its true name; fascism. Just how well has the government achieved this utopian and fantasy notion that government is in the business of dispensing social justice?
At the heart of the corporatist mindset is control of markets and elimination of competitors. Government survives on deceiving the public and transnational corporations thrive on working their partnership relations with official authorities.
GE may be one of the most obvious offenders; nonetheless, the formulation of politics picking winners and losers based upon bribes and favoritism is a dreadful system. Preference for an actual free market based upon a decentralized merchant economy is the only alternative to globalism, which is enslaving the world.
The corporatist culture fuels the despotism, which society is so willing to accept. Voting how to spend your money is one of the few options a consumer has. Business collaborators with government crooks feed the abuses that GE perfects so well. This confederation in crime naturally harms ordinary citizens.
The misplaced reverence to the ill formulated U.S Constitution and hidden subjugation back to the City of London is one aspect of history that is not taught in government schools or discussed in institutes of higher education. This subject is probably new to most observers of the legacy from the Founding Father’s biggest mistake. Regular readers of BREAKING ALL THE RULES are familiar with the arguments made in the essays, In the beginning: Let there be the Articles of Confederation and Articles of Confederation was Preferable. Now the case for the betrayal of the purpose of the American Revolution needs to be explored.
Cited on the US Constitution Gave Legal Ownership and Control of the United States to London site is an assessment by Michael Edward.
“Neither the American people nor the Queen of Britain own America. The Crown Temple owns America through the deception of those who have worn their allegiance by oath to the Middle Templar Bar. The Crown Bankers and their Middle Templar Attorneys rule America through unlawful contracts, unlawful taxes, and, contract documents of false equity through debt deceit, all strictly enforced by their completely unlawful, but ‘legal,’ Orders, Rules and Codes of the Crown Temple Courts Our so-called ‘judiciary’ in America. This is because the Crown Temple holds the land titles and estate deeds to all of North America.”
An examination of The Templars of the Crown provides elaboration on this appraisal. For an even more in-depth analysis, review the material that probes AMERICAN LAND OWNERSHIP, A TRUE OXYMORON, which deals with the work of James Montgomery.
“Many of you are aware that the laws of this nation and it’s states, were made to be in compliance and submission to the laws of England, only modified by state and federal law. You will see in this last Chapter state statutes from just a few of the original colonies, that this is the case. Are these what are called ancient statutes? Yes. However, since the king’s Corporation is alive and well as are his heirs, so is his Trust and the law used to create and govern it. The law that governs his Trust can only be amended, no law could be enacted contrary to the king’s will and cestui que trust, the main corporate sole where office is always found, the Crown. The king’s practice of granting lands in this country to those loyal to him continues, along with their land grants being protected by state ancient statutes which are still on the books. We are governed by the king’s nobles just as in times of old England, self proclaimed nobles, and corporate trusts. They rule this country and the world. The huge corporations have been granted power and liberty not known by the common man. The nobles, real and the created, occupy their possessions as fiduciaries and trustees of the king’s grants; only if they remain loyal to the system, their privilege and life style are their reward.”
Invest the time in discovering all the historic accounts, legal rulings and linkages that go back to the Crown, AKA, the City of London.
If you are unfamiliar with The (British) Crown Empire and the City of London Corporation take a quick refresher course on the actual nature of the financial foundation and codified sanction that purports to be lawful. Jurisprudence may be legal by the definition and formulations of the judicious barrister class, but it certainly is not founded on the basic principles of natural law.
Julian Websdale concludes: “The whole Earth is governed by The Crown, through Crown Colonies which belong to The City – The Crown Empire. It governs Africa and still governs China and India. The colonies of the Earth are really just Crown Colonies – The United States of America are states of The Crown.”
Now this interpretation may seem bizarre to most and the plot thickens in the The construe Powers – Behind the Global Empire piecing together a long account of legalized equity mandates.
“The signed treaties and charters between Britain and the United States reveals that King James the 1st was not only famous for translating the Bible, but for signing the first charter of Virginia in 1606. That charter granted America’s British forefathers a license to settle and colonize America and guaranteed future kings and queens of England to have sovereign authority over citizens and colonized land in America. The treaty of 1783 identifies the king of England as the prince of the United States. King George the 3rd gave up most of his claims over American colonies, but he kept his right to continue receiving payment for his business venture of colonizing America.”
The next element to consider has The Top of the Pyramid: The Rothschilds, the British Crown and the Vatican Rule the World. Read this account and trace back the historic lineage of some of the Englishmen who founded America.
“To have the Declaration of Independence recognized internationally, Middle Templar King George III agreed in the Treaty of Paris of 1783 to establish the legal Crown entity of the incorporated United States, referred to internally as the Crown Temple States (Colonies). States spelled with a capital letter ‘S,’ denotes a legal entity of the Crown.
At least five Templar Bar Attorneys under solemn oath to the Crown, signed the American Declaration of Independence. This means that both parties were agents of the Crown.”
As time proceeds, the sell out of the “shot heard around the world” revolution deepens.Two Constitutions in the United States. 1st was illegally suspended in favor of a Vatican “Crown” corporation in 1871. This approving assessment of the Federal Constitution views a Shadow Government in place since 1871.
“Since 1871 the United States president and the United States Congress has been playing politics under a different set of rules and policies. The American people do not know that there are two Constitutions in the United States. The first penned by the leaders of the newly independent states of the United States in 1776. On July 4, 1776, the people claimed their independence from the Crown (temporal authority of the Roman Catholic Pope) and Democracy was born. And for 95 years the United States people were free and independent. That freedom ended in 1871 when the original “Constitution for the United States for America” was changed to the “THE CONSTITUTION OF THE UNITED STATES OF AMERICA”.
The Congress realized that the country was in dire financial straits, so they made a financial deal with the devil – the Crown (a.k.a. City of London Corporation – est. by the Catholic Church on Jan 1, 1855 ) thereby incurring a DEBT to the Pope. The conniving Pope and his bankers were not about to lend the floundering nation any money without some serious stipulations. So, they devised a way of taking back control of the United States and thus, the Act of 1871 was passed. With no constitutional authority to do so, Congress created a separate form of government for the District of Columbia.
With the passage of “the Act of 1871” a city state (a state within a state) called the District of Columbia located on 10 sq miles of land in the heart of Washington was formed with its own flag and its own independent constitution – the United States’ secret second constitution.”
Lastly, Three Corporations run the world: City of London, Washington DC and Vatican City list the City of London houses as including:
Rothschild controlled ‘Bank of England’
Lloyds of London
The London Stock Exchange
All British Banks
The Branch offices of 384 Foreign Banks
70 USA Banks
Fleet Streets Newspaper and Publishing Monopolies
Headquarters for Worldwide Freemasonry
Headquarters for the worldwide money cartel known as ’THE CROWN’
Conclusion: “City of London directly and indirectly controls all mayors, councils, regional councils, multi-national and trans-national banks, corporations, judicial systems (through Old Bailey, Temple Bar and the Royal Courts of Justice in London), the IMF, World Bank, Vatican Bank (through N. M. Rothschild & Sons London Italian subsidiary Torlonia), European Central Bank, United States Federal Reserve (which is privately owned and secretly controlled by eight British-controlled shareholding banks), the Bank for International Settlements in Switzerland (which is also British-controlled and oversees all of the Reserve Banks around the world including our own) and the European Union and the United Nations Organization.”
This introduction to the actual influence and pompous legal authority that underpins the financial hierarchy is based upon a historic explanation that is foreign to most Americans. The implications are staggering and for this reason alone, most are not willing to do their own research. Do not get caught up in the uncanny departure from the usual rendering of reality. Remember that the City of London’s coat-of-arms reads in Latin – Domine Dirige Nos – which translates, Lord, direct us. The true question, asks just which deity do the soldiers of the Crown adore?