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SCENARIO OF NATIONAL BANKRUPTCY

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Author: OldReb

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Doom and gloom are appearing with increased frequency in U.S. and global financial writings but specific details of a potential economic catastrophe are never given. Let us speculate on what could happen in the United States.

Is a view into an economic catastrophe available ?

ANSWER: Sure, that is easy. Read what has happened to Greece and Argentina. William Blum, John Perkins, and Chossudovsky give many more examples. Bank deposits have been seized; pensions have been wiped out; jobs have been terminated; real estate and assets are selectively confiscated; the economy crashes; national assets are sold at fire-sale prices to financiers; financiers must approve every government action; etc. The same New York City parties, and their proxies, are repeatedly involved.

How might it be handled in the U.S. ?

ANSWER: The Federal Reserve Bank of New York City will handle it. They have exclusive handling of funds to redeem Treasury securities—as a fiscal agent for the government. They will select who gets funds which the government has available. Ref. 31 CFR 375.3.

Who will benefit from the crash?

ANSWER: Primary Dealers currently receive >$10 trillion annually for redeeming Treasury securities. Some of them were involved in creating the Federal Reserve. The concept that they hold ownership of the Board of Governors, in a closely held corporation that does not have to file with the SEC, should not be overlooked. Furtive acts abound in the creation of the Fed. Their derivatives creations have obtained super-priority status in bankruptcy. More

THE FEDERAL RESERVE: A DIFFERENT VIEW

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Author: oldreb

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“What difference does an increase in the National Debt make? We owe it to ourselves.” virtually every congress-critter has declared. Such a paraphrased statement, reflecting on the exoskeleton structure of the Federal Reserve, ignores the inner historic mechanisms of Rothschild banking, the intense subterfuge and arm-twisting of the Fed’s creation, and the proven destructive forces inherent but hidden therein. 1

The medieval Rothschild Banks established a line of credit for the King provided the King issued a written promise to pay gold, with interest, to the bank at a time in the future. The book-entry Rothschild credit was used to pay for obligations incurred by the king. The credit continued to be circulated in the kingdom between merchants. The bankers sold the king’s interest bearing promise of gold to investors. The promise was renewed by the king on its maturing date and became perpetually rolled-over. 2

VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bankers had the gold from investors; the investors had a promise the king would eventually pay them in gold—which would never happen. 3 Everything went smoothly as long as the bankers could sell the promise and the investors did not demand the gold. 4 As Benjamin Ginsburg has lamented in FATAL EMBRACE; (bankers) AND THE STATE 5, eventually the schemes, which stole the wealth from the people with book-entry fiat money, would come to a catastrophic climax. 6

The Federal Reserve system, claimed to be “staffed and run by Council on Foreign Relations members” 7 does the same thing for the U.S. government’s deficit spending. Their wizard is hiding behind Frank Baum’s curtain as obscurant to any public inquiry.8

The Federal Reserve Bank of New York will grant credit (not “create money”) in an account of the US government with an amount that the government will pledge. 9 The government will expend the book-entry-credit account (deficit spending) to pay for goods and services consumed by the government. The suppliers are content. Evidence that the supplier has received a credit voucher is obvious. [It is touted to the public as a loan.10] The heading of the currency given to the supplier by a local commercial bank is Federal Reserve Note; i.e., a debt obligation of the Federal Reserve also identified as a “tender” (substitute) required by law to be accepted for an imprinted number of dollars. 11 More

The Fed Fears an Explosion on Wall Street: Here’s How JPMorgan Lit the Fuse

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By Pam Martens and Russ Martens of Wall Street on Parade

JPMorgan Chase is the largest bank in the United States with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact. 

According to the filings that JPMorgan Chase makes annually with the Securities and Exchange Commission (SEC), since 2013 JPMorgan Chase has spent $77 billion buying back its own stock. That includes the whopping $17.01 billion it has spent in just the first nine months of this year buying back its stock.

But here’s the shocking news. According to its SEC filings, JPMorgan Chase is partly using Federally insured deposits made by moms and pops across the country in its more than 5,000 branches to prop up its share price with buybacks. The wording in the filing is as follows:

“In 2019, cash provided resulted from higher deposits and securities loaned or sold under repurchase agreements, partially offset by net payments on long-term borrowing…cash was used for repurchases of common stock and cash dividends on common and preferred stock.”

Had JPMorgan Chase not spent $77 billion propping up its share price with stock buybacks, it would have $77 billion more in cash to loan to businesses and consumers – the actual job of its commercial bank. Add in the tens of billions of dollars that other mega banks on Wall Street have used to buy back their own stock and it’s clear why there is a liquidity crisis on Wall Street that is forcing the Federal Reserve to hurl hundreds of billions of dollars a week at the problem.

On September 17, the overnight lending rate on repurchase agreements (repos) spiked from the typical 2 percent range to 10 percent, meaning some very big lenders such as JPMorgan Chase were backing away from lending. That forced the Federal Reserve to jump in as lender of last resort, the first time it has done that in any material way since the financial crisis

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Food Crisis In The Making: Farm Bankruptcies Reach Horrifying Levels

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By Mac Slavo

We are amidst a food crisis.  Farms in the United States Midwest are filing for chapter 12 bankruptcy at an alarming rate.  And many are saying president Donald Trump’s trade war is taking the most blame.

We hate to say we told you so, but we told you so. The trade war was a bad idea and everyday average Americans are footing the bill for this asinine policy of tariffs.  Now, the food supply could be in jeopardy because of political posturing and that will not bode well for already cash-strapped American families.

A total of 84 farms in the upper Midwest filed for bankruptcy between July 2017 and June 2018, according to the Minneapolis Star Tribune. That’s more than double the number of Chapter 12 filings during the same period in 2013 and 2014 in Wisconsin, Minnesota, North Dakota, South Dakota, and Montana, reported Vox.

Farms that produce corn, soybeans, milk, and beef were all suffering due to low global demand and low prices before the trade war, according to economists, but president Trump’s trade war is making the problem even worse by exacerbating the weaknesses in the American economy. China has retaliated against the tariffs by slapping billions of dollars worth of tariffs on United States agriculture exports in response to Trump’s tariffs on Chinese products. Other countries, including Canada, have also added duties to US agriculture products in response to Trump’s tariffs on all imported steel and aluminum.

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Patriot Alert! California is going down……… Don’t save us!

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 Heather Gass

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Warning to anyone outside of California……

 

This is what is happening in our state.

 

You MUST not let this happen in yours:

There is a parallel system of govt that has been stealthfully formed around us to overtake our federal/state and local system. This parallel system or shadow goverment consists of mostly state and regional boards, commission and agencies that are unelected and unaccountable to the people.

These boards/commissions and bodies have tremendous power and are now dictating policy to local counties and cities.  Many of these agencies cannot be audited and are incorporating outside of California to avoid the open meetings act.

Federal and state funding are being given to these bodies bypassing the local municipalities giving them great power to coerce local cities and counties into implementing Agenda21 land use, transportation, climate and other policies.

In addition Public/private partnerships are being formed daily to further dilute the accountability and control within our state. These partnerships allow this shadow govt to hide behind and protect private businesses from lawsuits, environment regulations giving unfair advantage to these corporations thereby killing their true private competitors.

In a few weeks California will have a carbon credit trading scheme foisted upon us that will further kill our economy. This regulation was enacted supposedly to stop the evil corporations from polluting our air and water. However, all of those corporation who are favored by the shadow system, known as Benefit Corporations, will get waivers so the real damage by these regulations will be to the middle class.

In a few short months I predict that California will lose thousands more jobs, our businesses will not be able to compete and our economy will fail.

Please DO NOT come bail this state out!

I believe the rest of the country will be asked to save California because “We are too big to fail!” Do not fall for this. California was meant to fail by design. All the Marxist policies that have been implemented in this state were designed to overrun the system so it would fail and then the govt could come in and take over.

Please do not bail us out.

Use this as a cautionary message to save your own state.

God help us…….. We really need it.

DELIBERATE SABOTAGE! THE POSTAL SERVICE AND THE TRUCKING INDUSTRY

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 Miss American

Copyright 2012 All rights Reserved

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The first time I heard that the Post Office was considering cutting out Saturday deliveries, my antenna went up. “Oh no! They want to wreck that too”! But I wrote it off as a normal cost cutting measure given our dismal financial state of affairs. The next warning then came as an announcement that they were 8 something billion in the red on their pension commitments, and were talking about closing hundreds of regional centers, rural post offices, and lay workers off. My anger, when I hear about the neglect and demise of something that is so basic to our country, such as our Postal Service, goes over the top. You could say I go postal.

There’s always plenty of millions/billions for the bankers bonuses, trillions for wars and killing, and the latest weapons and technology to be used against Americans, but not a penny in sight to shore up the basic foundations of our society. When it comes to anything for us, the taxpaying consumers as we are known, “we’re broke” they tell us.

What Americans need in the way of help from our loving, caring government is a drop in the bucket compared to what they decide to spend to “keep us safe”!! I’ll take the odds and keep myself safe!! Just let me keep my freedom, please!!! Anyway, I don’t appreciate how many innocent people they have to kill, and how many other countries they have to obliterate to keep me safe. Hey! Anyone want to invest in a new airline? It’s called ‘Fly At Your Own Risk Dream Trips’. More

The fleecing of America: The United States Covered Bond Act of 2011

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Marti Oakley(C) copyright 2011 All Rights Reserved

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Occasionally, amid the mountains of mindless legislation produced by those fools in congress, one or two really stellar examples of “what the hell were you thinking?” surfaces and leaves us wanting to bang our heads against the wall repeatedly out of frustration at the sheer stupidity of what is offered as necessary legislation.  Never has this been quite as extraordinary as it is in the Covered Bond Act of 2011, a bill that is intended to avoid the hassle and exposure of public debate over bailing out the criminals while leaving the country twisting in the wind.  Of course this will be supported by the full faith and credit (me & you) of the United States.

 Avery Goodman at www.seekingalpha.com makes this observation:

“So long as the Federal Reserve exists and/or other financial regulatory agencies continue to be run by a revolving door staff that moves in and out of industry and government, crony capitalism will be alive and well in America. No amount of Dodd-Frank or Volcker rule legislation will ever protect savers, taxpayers or the American people. Profits will continue to be privatized and losses socialized.”

This bill will just confirm the practice of privatizing profits while nationalizing the losses, as a legal response to criminal activity.

From the folks over at Patrick.net:

“The United States Covered Bond Act of 2011 is designed to allow bundling of any kind of debt including derivatives, into marketable securities guaranteed at full face value by the FDIC.”

Derivatives?  Weren’t those instruments the same ones that caused the near collapse of the system?  So what are they, exactly? More

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