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Post by Entendance on Dec 11, 2023 5:49:39 GMT -5
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Post by Entendance on Dec 14, 2023 2:38:18 GMT -5
'Remember, you are a sovereign individual and the blob in our nation’s capital city is an undifferentiated mass of feckless protoplasm. You contain a cosmos of ideas and aspirations. The blob is an agglomeration of sham and failure. The blob stands for itself, not for our country. You and I can stand for our country.
Remember, also, that the economy of our country at its best was the sum of choices made by sovereign individuals, while the economy of the blob is a gelatinous buildup of unsound hypotheses having nothing to do with the pursuit of happiness. We sense this in the menacing rumors of a Federal Reserve digital currency, which entails the rehypothecation of our hopes and dreams into the blob’s waste-stream, turning everything we do — it can’t be put delicately — into shit.
The Fed digital currency will be used to cover-up the failure of end-state financialization of the economy. Finance, you understand, used to be a module of the economy, with a particular role to play. The purpose of finance, formerly, was to marshal surplus wealth from prior productive activity to make new productive activity possible. Financialization, however, does not do that. Financialization was an effort to replace the economy of real production with a hologram of production. Financialization is a racket — and a racket, remember, is an effort to get something for nothing, that is, dishonestly. The blob feeds and thrives on dishonesty, its favorite food.
Financialization seeks to replicate value not from wealth-producing activity but from things that only claim to represent wealth: stocks, bonds, currencies, and anything else that can pretend to hold value, clear up to notions and wishes. Its operations are based on “derivatives” because they aim to derive additional “wealth” from things that signify wealth, but which are not wealth itself. Each iteration of a derivative further abstracts its value from the real things originally signified, such as revenue-producing businesses, interest-bearing loans, leases, and contracts for delivery of commodities. Derivatives can be understood as false wealth, and when enough of them accumulate in a financialized economy, they will blow up the economy, spewing wreckage across an economic landscape.
Many observers of that landscape await such a blow up at any time now. They say it can take the form of a stock market crash, a bond market failure, bank shut-downs, and disorders in money (currencies). All of that can impoverish and immiserate a lot of people. We are living through a corrosive early phase of that now, the overture of a big blow up itself. The effects are felt keenly through the middle classes, who struggle in futility to pay their bills, keep their cars running, and feed their children.
The financialized economy was primed to blow up in September of 2019 when symptoms of severe distress materialized in an arcane corner of the system known as the reverse repo market where banks loan each other money on extremely short term, usually overnight, to provide so-called “liquidity” — meaning the appearance of solvency. The crisis expressed itself as a dangerously sharp rise in interest rates. The Fed came up with enough liquidity to paper over the crisis, and then, miraculous to relate, the Covid-19 “emergency” a few months later gave them cover to “print” trillions of dollars and distribute the “money” rapidly into the on-the-ground economy where people bought the things of daily life.
The result of that monetary mischief was today’s inflation. Inflation, of course, is one way of going broke. You have a lot of money that is increasingly worthless. The other way of going broke is deflation, where you have no money. In the aggregate of a deflation, nobody will have any money, so at least you’ll have company in the misery of being broke. My guess is that a grievous deflation is where the current situation is headed. Deflations are provoked when people and companies can’t meet their debt obligations — can’t “service” their loans (pay interest), or pay back contracted sums of borrowed money, or simply can’t pay their bills. Every loan that goes bad causes some money to disappear — poof! — and when a whole lot of that happens there is no money.
The Federal Reserve digital currency is a kind of last resort way around that. It is a simple way for the system to pretend there is a lot of money around when there really isn’t any. It has the huge additional advantages, by way of computerized accounting, to allow the authorities to control what everybody spends their money on, especially the ability to block the purchase of this or that: a train ticket, gasoline, meat, if the authorities feel like it. It also enables the authorities to extract taxes, duties, and penalties at will, without any cooperation from the citizen. A Fed digital currency would be a giant step into the worst kind of exquisitely targeted tyranny. The excuse, of course, would be a “national emergency.”
A digital currency would likely first be tested among the most indigent in society, those with little or no income. It already is, actually, in the debit cards currently issued to illegal border-jumpers. Their card accounts are refilled monthly, making this the equivalent of a guaranteed basic income. Next, this privilege will be extended to the lower economic ranks of American citizens, and so on upward, until the whole middle-class and even the higher levels are enlisted, and then the authorities will have the ability to push everyone around.
That’s the hypothesis, anyway. I don’t believe it’s going to work. The authorities have underestimated the number of citizens who know what it means to be sovereign individuals. They will decline to be pushed around. They might even push back, start stomping on the blob’s tentacles as it reaches across the land. The citizens of one region or another of our country might go so far as to establish their own money, which would make them sovereign regions of sovereign individuals. That is going to be a problem that the blob and blobism cannot overcome.'
Hey Mr Wall Street on the Fiftieth floor, cant make the payments on your penthouse no more.
Jump you fuckers, jump you fuckers. Open up the window, check out the view, and jump you fuckers.
You cant take much of what you've been dishing out, It's your turn to get downsized, what's you're gona do now?
Jump you fuckers, jump you fuckers. Open up the window, check out the view, and jump you fuckers.
Hey Mr banker with your make believe books, the bottom line is closer than it looks.
Jump you fuckers, jump you fuckers. Open up the window, check out the view, and jump you fuckers.
You're good at stealing, and you're good at lying, Now let's see how good you are at flying.
Jump you fuckers, jump you fuckers. Open up the window, check out the view, and jump you fuckers.
'Could have had a real job, not blowing bubbles, there's one sure way for you to stay out of trouble.
Jump you fuckers, jump you fuckers. Open up the window, check out the view, and jump you fuckers.
Forget your lawyers, and your net worth, there's one sure way for you to come back to earth.
Jump you fuckers, jump you fuckers. Open up the window, check out the view, and jump you fuckers. -Gene Burnett
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Post by Entendance on Dec 22, 2023 1:16:02 GMT -5
The reality is➡️ Silver is the🪳bank killer...-Bix Weir ⬇️
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Post by Entendance on Dec 31, 2023 5:00:57 GMT -5
Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says the top story (out of 20 top stories) of 2023 was massive, documented pushback to tyranny and control by the evil Deep State globalists. CAF explains, “Our top story of 2023 is ‘The Year of Pushback.’ It was so long, and it was so big, we had to make a special page and move the other 19 top stories to a whole different section on another page.”
Just a few of the 2023 stories that documented this massive pushback, according to CAF, are, “Stories on Constitutional protections, different litigations on the First Amendment and the Second Amendment, and we have one on information sovereignty and infrastructure. We have stories on all the pushback against the media, including litigation to hold people accountable and stopping emergency powers. We have culture wars about saying no to international organizations. Woke capital controls and ESG (Environmental, Social and Governance investing) is toast. The state AGs have gone after ESG and Larry Fink (BlackRock CEO), and he’s had to publicly backpedal. They are steamrolling him. We had another story about taking it to the streets and have a whole section on ‘Pushback Heros.’...In 2023, people started to realize that it is kill or be killed. We have to push back because there is no going along with this. They are trying to kill us, number one. Then they are trying to take all of our stuff, and we can’t let them.
CAF also talks about what she calls “massive collateral fraud.” CAF goes on to say, “The collateral fraud is enormous, and we have talked about the money (trillions of dollars) that has gone ‘missing’ for years from the federal government. This is what’s been going on in the United States and around the world for years. You issue debt, you get a whole bunch of money, and then the money disappears... So, there is an extraordinarily fraudulent system going on around the debt markets. The reality is if you are going to run a bubble like that, you need very strict control of the collateral. This is what “The Great Taking” is all about. 2024 is the year the pushback can put us over the top.”
CAF thinks Gold is a “must have” investment for the coming years. The US dollar is being weakened, but it is still “dominant and dangerous.”
In closing, CAF says, “I think we are going see collisions at a spiritual, legal, financial and physical level increasing all over the planet. This is a real war, and we are in World War III now.
The US is going to defend the dollar...” There is much more in the 1-hour and 2-minute in-depth interview.
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Post by Entendance on Jan 2, 2024 6:04:41 GMT -5
That’s where the three main pillars of global rule come in: Digital Money Digital ID “Climate Action” Let’s take a look at each one in turn...
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Post by Entendance on Jan 8, 2024 3:33:56 GMT -5
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Post by Entendance on Jan 12, 2024 1:25:35 GMT -5
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Post by Entendance on Jan 17, 2024 13:43:11 GMT -5
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Post by Entendance on Jan 19, 2024 0:59:16 GMT -5
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Post by Entendance on Jan 19, 2024 12:11:04 GMT -5
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Post by Entendance on Jan 23, 2024 6:41:32 GMT -5
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Post by Entendance on Jan 24, 2024 3:32:46 GMT -5
The introduction of Central Bank Digital Currencies (CBDCs) and the push for complete digital control by central banks and global organizations is a threat to individual sovereignty, personal wealth, and democratic processes. The introduction of CBDCs allows for much tighter control, making it easier to shut down individuals, take taxes without permission, and determine where money can be spent. The injection of money by central bankers is causing inflation, affecting prices and the time it takes for individuals to make ends meet. The infrastructure of central banks, combined with the UN, WHO, World Bank, and IMF, is building a system to create digital concentration camps that strip countries and individuals of their sovereign powers. “They want digital control of all Financial transactions. They don’t need CBDC to do that they can do that with credit cards.” They want complete digital control that is destructive to the environment and personal wealth, causing enormous destruction and death in the meantime. “We need to create independent economic income and ability to transact without the big central systems being able to put us in the trick box they want to.” The most critical ingredient to democratic process and freedom is Family Health and Family wealth.
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Post by Entendance on Feb 1, 2024 0:51:10 GMT -5
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Post by Entendance on Feb 10, 2024 8:47:59 GMT -5
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Post by Entendance on Feb 17, 2024 5:55:21 GMT -5
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Post by Entendance on Feb 20, 2024 3:19:36 GMT -5
February 20, 2024
...Yes, central banks will issue CBDS (Central Bank Digital Currencies) and try to hide the debt but CBDS is just another form of fake money and will suffer the same fate as paper money. Besides the risk of the financial system, governments and central banks around the world, have throughout history destroyed our money without fail. Only since the early 1700s over 500 currencies worldwide have become extinct, the majority through hyperinflation. Just take the dollar which has lost 98% of its purchasing power since 1971 and 86% since 2000...
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Post by Entendance on Feb 27, 2024 3:10:24 GMT -5
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Post by Entendance on Mar 2, 2024 6:31:29 GMT -5
'According to the Federal Reserve, credit card delinquencies increased by 50 percent in 2023, while consumer debt grew to 17.5 trillion dollars. A recent survey by Clever Real Estate found that three in five Americans have credit card debt and that 23 percent of Americans increase their credit card debt every month. The survey also found that 48 percent of Americans (including 59 percent of millennials) use credit cards for essential living expenses. The overreliance on credit cards and the accompanying increase in consumer debt are consequences of our fiat money system. Since Richard Nixon severed the last link between the dollar and gold in August of 1971, the dollar’s value has declined by 87 percent based on the government’s understated Consumer Price Index numbers. This means that even though Americans’ nominal wages have increased, their real wages have declined as their dollars buy less. The continuing erosion of the dollar’s value makes it impossible for many Americans to accumulate meaningful savings. Those Americans who can save may actually lose money by doing so thanks to the Federal Reserve’s inflation tax that erodes the value of savings. This is why Congress has felt it necessary to provide tax incentives to encourage saving for things like retirement, education, and health care. Congress could help protect Americans from the inflation tax by forbidding the Federal Reserve from purchasing government debt instruments such as Treasury securities. However, since this would end Congress’s ability to run up huge deficits, thus forcing it to pare back the welfare-warfare state, it is unlikely such legislation would pass. The reliance of so many Americans on credit cards for basic necessities is one reason why many Americans are dissatisfied with the economy. The large amount of consumer debt is also a reason the Federal Reserve will not increase interest rates to anywhere near what they would be in a free market. The problem is compounded by the fact that investors and businesses have become addicted to near zero or at zero interest rates. The Fed’s relatively modest rate increases over the last couple years caused many “experts” to warn that the Fed was going to throw the economy into a recession. The Fed, though, has been able to claim recession has been avoided because the Fed kept the rates relatively low, and because government statistics are manipulated to understate the real rates of unemployment and inflation. The Fed cannot indefinitely keep interest rates low without causing a dollar crisis. This will either be caused by, or result in, a rejection of the dollar’s world reserve currency status. At that point, interest rates will skyrocket and consumers and businesses that have been relying on debt to cope with the Fed’s dollar destruction will find the piper at their doors, demanding to be paid. The economic crisis will be worsened by the moral crisis caused by the belief among too many Americans at all levels of society that they have a right to government-provided economic security at the expense of their fellow citizens. This will result in violence and the growth of authoritarian political movements.
The collapse of the fiat money system and the accompanying welfare-warfare state also provide an opportunity for those of us who understand the truth to build a society based around the principles of liberty. We must continue our efforts to reach a critical mass of people with the message of liberty while making plans to ensure our families can take care of themselves when the next crash occurs.'
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Post by Entendance on Mar 5, 2024 3:09:39 GMT -5
Your Money In The Bank Will Be Gone For anyone who has money in the bank today, it is virtually guaranteed that in the next 5-7 years either the bank will be gone or the money will be worthless, or probably both. Governments and Central Banks are now supreme experts in the total destruction of your money. They are constantly adding new methods so let’s just look at a few of them: *Zero or Negative interest rates – Over time, together with bank charges, your money will slowly be confiscated. *Bail-ins – No one will bail you out. Instead the insolvent banks will take your money to save the bank. *Ban cash – Within a few years, cash will be virtually banned in many countries. So you will not see your money again and the bank and the government will tell you what you can do with it. *Forced savings in government bonds – Bankrupt governments will force you to invest in bonds for 30 years or longer. The bonds will be worthless at maturity. *Money Printing – Finally if the money isn’t already gone, governments will totally destroy it by printing so much that it will become worthless.
The world is now starting the final phase of the failed experiment in creating wealth and prosperity for a select few and massive debt and misery for the masses. It all started with the creation of the Fed in 1913. This led to a global credit creation and money printing extravaganza of a magnitude that the world has never seen before. We have now reached the point when it makes no difference who becomes US president or what the Fed or the IMF will do. No, now we are at the point that von Mises so succinctly defined: “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” The latter is guaranteed – Only Gold will protect you. -Egon von Greyerz
Sell everything whose value only exists as a result of confidence in central bank(ster)s.
In Praise of ***Ferdinand Pecora (By the time Ferdinand Pecora, slight, soft-spoken son of Italian immigrants, got through with the bankers, Senator Burton Wheeler of Montana was likening them to Al Capone and the public referred to them as “banksters,” rhyming with gangsters.)
Your complete list of secure, non-bank facilities used to store valuables! Act accordingly. ***The safest places in the world to store your gold your silver and your cash***
While the world’s central bankers have given us absolutely no reason to trust them, our governments have given us every reason to NOT trust them. Governments, especially the bankrupt insolvent ones, have a long history of theft, deceit, and plunder. As we have discussed so many times before, confiscation and/or criminalization of gold is not exactly a zero-risk prospect. Not to mention other related risks as litigations and social unrest. Safety deposit boxes where you have ultimate custody of your metal and cash are the best solution.
2016: It all started quite some time ago... Cash Banned, Freedom Gone: War on Cash Some politicians want to ban cash, arguing that cash is helping criminals. The first steps in that direction are the withdrawal of big denomination notes and the limits imposed on cash payments. Proponents of a ban on cash claim that this will help fight criminal transactions — involved in money laundering, terrorism, and tax evasion. These promises of salvation are used to get the general public to agree to a society without cash. But there is no convincing proof for the claim that the world without cash will be a better one. Even if undesirable behavior is indeed financed by cash, you still need to answer the question: will the undesirable behavior disappear without cash? Or will those who commit the undesirable acts take to new ways and means to reach their goal?
Take the example of the 500 euro note. If we do away with it, won't those who wish to use cash pay with five 100 euro notes instead? Or ten 50 euro notes? And what about the costs imposed on the large majority of respectable people, if you put a ban on their cash? Using the same logic, should we ban alcohol, because some can't handle it properly? It’s Really about Central Banks The plan to restrict the use of cash, or to abolish it step by step, has nothing to do with the fight against crime. The real reason is that states (and their central banks) want to introduce negative interest rates. Although central banks have long pursued inflationary policies that devalue the debt owed by governments, negative interest rates offer a new and powerful tool to do this. But, to make negative interest rates work well, you have to get rid of physical cash. Otherwise, if you apply negative rates on bank deposits, customers in the short or long run will try to avoid the costs that negative rates impose on their bank deposits. So, depositors will, in many cases, hoard cash. To block this last escape route, proponents of the ban on cash want to do away with it. The Natural Rate of Interest Incidentally, some reputable economists are supporting the plan, claiming that the “natural rate” has become a negative rate. Because of that, central banks were forced to push interest rates below zero, being the only way to foster growth and employment. The assertion that the balanced interest rate has become negative doesn't stand up to a critical examination though. It is inherently impossible that the balanced interest rate is negative. Market rates, which entail the balanced rate, can fall below zero, but not the balanced rate itself. The policy of negative rates is no cure for the economy but causes massive economic problems. Competition and Property Rights Banning cash is infringing on the freedom of citizens on a massive scale. In withdrawing cash, the citizen is bereft of choice for his payments. After all, the state has the monopoly on the production of money. There is no competition on cash. Thus, nobody but the state can satisfy the demand for money by citizens. If the state bans cash, all transactions must be executed electronically. For the state to see who buys what when and who travels when where is then only a small step away. The citizen thus becomes completely transparent and his financial privacy is being lost. Even the prospect that a citizen can be spied upon at any time is an infringement on his right of freedom. Cash helps to protect the citizen from an unfettered intrusiveness by the state. If the state increases taxes too much, citizens at least have the option to avoid the tribulation by paying in cash. The knowledge that citizens can do so, makes states hold back a little. States will give up any restraint once cash has been banned. The justified concern isn't at all rendered obsolete by the cases of Sweden and Denmark, where the cashless society is said to function to its perfection. The citizens of those countries can still use foreign cash if they want. The plan to ban cash — step by step — is a sign of the fundamental ailment of our time: the state is destroying more and more of the freedom of citizens and businesses, once it has turned into a territorial monopolist and highest judge of all conflicts. The fight to keep cash may bring something good though: it will shed light on the need to take the power away from the state as we know it, by applying the same principles of law on its actions as on those of each and every citizen. That way, the state’s monopoly on producing cash would come to an end and the citizen wouldn't need to worry that he may be deprived of his cash against his will. -Thorsten Polleit
Bail-ins (and other confiscations) are*** likely coming. It is only smart to have a LARGE amount of your financial assets outside of the banking system.
***Inspire Your Day At The E. Beach***
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Post by Entendance on Mar 16, 2024 3:14:55 GMT -5
H/T Tom from Florida
March 24, 2021
Meanwhile...
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Post by Entendance on Mar 20, 2024 12:49:40 GMT -5
- Gold and silver prices, central banks' accumulation, and the potential for a global currency reset. (0:00) - Gold, silver and the potential for a gold-backed BRICS currency. (3:08) - New currency and commodity price setting mechanism. (8:03) - Financial manipulation and the rise of the BRICS nations. (14:25) - Precious metals market and global economic trends. (21:31) - Economic collapse in Europe and the US. (24:14) - Economic crisis, inflation, and food shortages. (28:56) - Banking industry vulnerabilities and potential collapse. (33:57) - Economic collapse and its impact. (38:23) - Gold and blockchain as a hedge against dollar collapse. (42:59) - The potential replacement of the US dollar as a global reserve currency. (46:51) - Gold backs as off-grid money. (52:54)
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Post by Entendance on Mar 27, 2024 11:38:16 GMT -5
'...Gold prices are being driven higher by U.S. threats to steal $300 billion in U.S. Treasury securities from the Russian Federation. Those assets were legally purchased by the Central Bank of Russia as part of their reserve position. The actual securities are held in custody in digital form at European banks, U.S. banks and the Brussels-based Euroclear clearinghouse. Only about $20 billion of those Treasury securities are held by U.S. banks; the majority are held by Euroclear. Those assets were frozen by the United States at the outbreak of the war in Ukraine. Freezing assets means the Russians cannot collect interest or sell or transfer the assets or pledge them as collateral. Asset freezes are used frequently by the U.S. including in the cases of Iran, Syria, Cuba, North Korea, Venezuela and other nations. Often the assets are frozen for years but ultimately released to the owner as happened in the case of Iran after 2012. Now the U.S. wants to go further and actually seize the assets, which may be viewed as outright theft under international law. The U.S. proposes to use the $300 billion to finance the war in Ukraine. European entities have expressed considerable uncertainty about this plan but the U.S. has maintained the pressure and wants to complete the theft before the June and July summits of G7 leaders and NATO members. If the U.S. steals these assets, Russia will likely confiscate an equivalent amount of industrial and commercial assets located in Russia and owned by German, French, and Italian interests among others...'
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Post by Entendance on Apr 6, 2024 1:51:20 GMT -5
China & India have DECIDED that "Enough is Enough" and both are buying Physical Silver on every attempted flash crash! This is the End Game for the Silver Knights!
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Post by Entendance on Apr 14, 2024 1:16:40 GMT -5
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Post by Entendance on Apr 16, 2024 6:24:20 GMT -5
The government wants your money. It will beg, steal or borrow if necessary, but it wants your money any way it can get it...
#1. The money isn’t really yours. You’re just another unsecured creditor if the bank goes bust. #2. The money isn’t actually there. It’s been lent out to borrowers who are illiquid or insolvent. #3. The money isn’t really money. It’s credit created out of thin air.
Here Come the CBDCs This is all to lay the groundwork for the march into Central Bank Digital Currencies (CBDCs) which will seek to accomplish three objectives of Late Stage Globalism: Eliminate privacy – making all transactions trackable, traceable and taxable in realtime. Introduce controls on how, when and why you are spending your own money. Think China-style social credit, which in its Westernized form will almost certainly involve personal carbon footprint quotas. And most importantly (otherwise we wouldn’t be calling it “Late Stage Gobalism”): Extend the runway of fiat currencies – which are about to hit the wall as a long-wave debt super-cycle reaches its crescendo.
Withdrawing your own cash? NatWest bank wants to know why – and see proof
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Post by Entendance on Apr 18, 2024 1:07:24 GMT -5
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Post by Entendance on May 10, 2024 6:16:36 GMT -5
The Risks of Going Fully Cashless Rediscovering the Benefits of Cash
People are using Gold as an ATM they never had
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Post by Entendance on May 17, 2024 5:34:12 GMT -5
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Post by Entendance on May 21, 2024 1:06:09 GMT -5
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