News update for 16 June 2020: Dirty Details Emerge as to Why Mnuchin Is Fighting Congress Over Releasing the Names of Recipients of PPP Loans
The 5th plank of the Communist Manifesto is the monopolization of credit that has been known for decades. Even though this fact has been known it demonstrates conclusively the power central banks have considering absolutely nothing was done since 1913 to change this banking structure in America. Karl Marx himself being a hack writer for the central bank cartel. It's the same with the "conservative" ideology when the House of Rothschild hired some French hack writer back in the 1700s to develop this ideology for the masses. To understand clearly how the oligarchs who own the Federal Reserve (money power) avert real revolutions by creating a fake revolution, please read Fake Riots Fake Division.
While the oligarch class are "stealing treasuries worldwide with impunity," the number of people no matter who they are out on the streets including the police, have absolutely no concept or idea of how the creation of money works. So just go out on the streets and blame everyone for your circumstances except the money power. Just the mere fact of being out on the streets "protesting" proves this. They are clueless. Think those people in Seattle with their "Autonomous Zone" have the brains enough to develop an alternative currency? You would think the Papal ambassador to the US Carlo Maria Viganò's letter to President Trump would discuss monetary reform? Not a chance.
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Source: Wall Street On Parade
The Federal Reserve Has Its Own Police and Is Part of a Vast Surveillance Center – Should You Worry?
By Pam Martens and Russ Martens: June 15, 2020 ~
Without any Congressional hearings on the matter, the USA Patriot Act in 2001 bestowed on the 12 regional Federal Reserve banks domestic policing powers. While the Federal Reserve Board of Governors in Washington, D.C. is deemed an "independent federal agency," with its Chair and Governors appointed by the President and confirmed by the Senate, the 12 regional Fed banks are private corporations owned by the member banks in their region. As settled law under John L. Lewis v. United States confirms: "Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region."
In the case of the New York Fed, which is located in the Wall Street area of Manhattan, its largest shareowners are behemoth multinational banks, including JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley. So what the USA Patriot Act effectively did was to give multinational corporations domestic policing powers in New York City via the New York Fed.
Section 364 of the USA Patriot Act reads as follows:
"Law enforcement officers designated or authorized by the Board or a reserve bank under paragraph (1) or (2) are authorized while on duty to carry firearms and make arrests without warrants for any offense against the United States committed in their presence…Such officers shall have access to law enforcement information that may be necessary for the protection of the property or personnel of the Board or a reserve bank."The Fed's police officers are technically known as FRLEO, short for Federal Reserve Law Enforcement Officer. The system has its own police academies for training, their own patch and badges, uniforms, pistols, rifles, police cars and the power to arrest coast to coast without a warrant. They have ranks of Sergeant, Lieutenant, Captain and a recruitment ad campaign with the slogan: "It's about respect and recognition from your peers. It's you." We found current job openings for the St. Louis Fed, the San Francisco Fed, and the Dallas Fed. According to a former St. Louis Federal Reserve Law Enforcement Training Instructor, the officers are trained on pistol, rifle, auto-rifle, sub-gun and shotgun.
A previous recruitment ad for the Richmond Fed indicated that their police would have access to the nation's criminal databases: "The Law Enforcement Unit has an immediate opening for a Communications Center Operator, reporting to the Center leadership team in Richmond, Virginia…[the officer will query] "information from a variety of law enforcement data bases for information, wants/warrants, intelligence, driver’s license and vehicle information, etc."
Having access to the nation's criminal databases is the tip of the iceberg when it comes to the New York Fed, which has its own brass name plate and staffer located inside one of the most sophisticated surveillance centers in the U.S., sitting alongside New York City police (NYPD) personnel and the New York Fed's largest owners: there are also brass name plates for staffers from Goldman Sachs, Citigroup, JPMorgan Chase and the New York Stock Exchange. Never mind that JPMorgan Chase and Citigroup have plead guilty to felonies and Goldman Sachs is currently attempting to negotiate its way out of a felony count. (More on this below.)
The surveillance facility quietly resides in downtown Manhattan and is called the Lower Manhattan Security Coordination Center. More than 8,000 surveillance cameras owned by the city as well as by private corporations feed images of the comings and goings of law-abiding citizens onto the monitoring screens in the center on a 24/7 basis. It is known that the center deploys video analytics which can, for example, track a person based on the color of their hat or jacket as well as live feeds from license plate readers. The Brennan Center for Justice has compiled a list of other highly sophisticated surveillance systems deployed by the NYPD. It is not known to what extent these are being used at the Lower Manhattan Security Coordination Center.
According to documents unearthed by Wall Street On Parade in government archives, the origins of the Center date back to 2005. At the time, Goldman Sachs was in the process of extracting concessions from New York City in exchange for remaining in lower Manhattan and constructing its new headquarters building at 200 West Street, adjacent to the World Financial Center. According to the 2005 documents, Goldman's deal included $1.65 billion in Liberty Bonds, up to $160 million in sales tax abatements for construction materials and tenant furnishings, and the requirement that a security plan that gave it a seat at the NYPD's Coordination Center would be in place by no later than December 31, 2009.
The documents indicate that NYPD Commissioner at the time, Raymond Kelly, promised Edward Forst, a Goldman Sachs' Executive Vice President, that the NYPD "is committed to the development and implementation of a comprehensive security plan for Lower Manhattan…One component of the plan will be a centralized coordination center that will provide space for full-time, on site representation from Goldman Sachs and other stakeholders."
During the Occupy Wall Street protests that began in the fall of 2011, following the serially corrupt activities of mega banks like JPMorgan Chase, Goldman Sachs and Citigroup, which led to almost 10 million home foreclosures, millions of job losses, and the worst financial crash since the Great Depression, the Lower Manhattan Security Coordination Center played an active role in spying on the peaceful protesters and sharing information with federal intelligence agencies.
The coordination of spying on the Occupy Wall Street movement, a movement which spread from lower Manhattan to cities across the United States, included the involvement of the Department of Justice, the FBI, the Department of Homeland Security (DHS), and Fusion Centers funded by DHS for sharing of intelligence information with local police. We know this from the email distribution lists released in 2014 by the Partnership for Civil Justice Fund (PCJF) along with thousands of other documents it had obtained under Freedom of Information Act requests. The PCJF said the documents illustrated "federal agencies functioning as a de facto intelligence arm of Wall Street and Corporate America."
Naomi Wolf, writing in The Guardian, said this about what the PCJF documents revealed:
"Why the huge push for counterterrorism 'fusion centers,' the DHS militarizing of police departments, and so on? It was never really about 'the terrorists.' It was not even about civil unrest. It was always about this moment, when vast crimes might be uncovered by citizens…"The slogan of Occupy Wall Street was "The banks got bailed out, we got sold out." Little did Occupy members know at the time that the very banks that got bailed out with $29 trillion in money created out of thin air by the New York Fed, were sitting cozily together with the NYPD in the Lower Manhattan Security Coordination Center, spying on Occupy members' every move and viewing them as the enemy to be dealt with.
Please go to Wall Street On Parade to read the entree article.
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Source: Real Currencies
Trump Has Added 7 Trillion To The National Debt Thus Far
by Anthony Migchels | June 14, 2020
It stood at $19 Trillion in 2016. It's now sitting at $26 Trillion.
And no, it's not mainly 'covid', although it definitely helps, he was already running Trillion dollar deficits, and remember: the Fed was already bailing out the Banks on the repo market to the tune of …a Trillion. Per day.
I've been looking into the Fed's statements on their own website, as the Media has reported exactly nothing about the repo market since about March 20th. It does seem that for now the repo market interventions are over, but it's a sure bet that this is only because of these multi Trillion asset purchasing programs, which allowed the Banks and other 'financial institutions' (known in earlier, more naive days as pirate nests) to off load some of the derivative trash they had been piling up.
But that exploded the Fed's balance sheet from an already problematic $4, to $7 Trillion bucks.
It's a matter of time before that first round of 'asset' (junk) purchasing by the Fed will cease having effect. It’s all being thrown at black holes that just keep growing, the more money they suck up.
How long that will be is anybody's guess, although at the Treasury and the Fed they have a fair idea, rest assured. But considering the Martial Law that they installed in March, it's pretty clear it won't be too long. Mnunich only the other day had to promise another Trillion to prop up the Stock Exchange. The ECB and BoJ will undoubtedly step in too, if only to slightly take the heat off the Fed.
Again (sorry, I can't help myself), all the experts on 'exponential growth' may want to look into this particular graph. This is how 'covid' should have conquered the World, but it's really the debt that does that.
Compound Interest, baby. Greatest force in the Universe.
At any rate, this is what is really at stake. At this speed, Trump will add another 7 to 10 (remember, it's going faster and faster now), meaning the debt would be at about 35 Trillion in 2025. And, of course, it goes without saying, this is just the national debt. The People themselves are drowning in debt too, as are businesses.
Meanwhile, the economy is going through the lockdown implosion. Beautiful stories about ‘2 million new jobs!' are very pathetic, after shedding a few score million, not to mention about a third of small business. Tax income is down about a third in many places, including undoubtedly the Federal Government.
Rentseekers are getting annihilated too, everywhere, in different countries, different sectors of the economy, you hear the same stories: 25% to 50% of rents are not getting collected. Good riddance, of course, let them go find a job and add some value to someone’s life, instead of sucking blood, but in financial terms this is the funniest disaster ever, and will obviously destroy a really great many speculators. Which perhaps sounds better than it is, because they will take a great many people with them. Many of those getting destroyed are guaranteed to be the small time landlords, all this is going to achieve is massive consolidation.
As always, those that control the debt, control the Democratic and the Republican Party. Through Masonry, through bribes, through blackmailability by sex crime. All the high drama, 'impeachment', 'Soleimani', 'lockdown', 'BLM', it's all orchestrated to both distract from the biggest financial and economic disaster in the West's history, and to corral their different groups of slaves, dependents, having them fight among each other, driving them in the desired direction.
In previous times, they used clubs and whips.
Now, they use mind control ('ideology', 'science'). Zionism and Capitalism for the Right, Bolshevism and Nihilism for the Left, Usury and World Government for us all.
Please go to Real Currencies to read the entire article.
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Related:
Why Do We Need Monetary Innovation?
Natural Money Theory
Monetary Reform
Regarding Civil Disobedience
Forget the military. It's captive...
The Irony of the Military
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