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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

Brasscheck TV: The US Medical Industrial Scam Complex

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A slow motion, but accelerating disaster

 

Clean https://amzn.to/2sYSk5V Clean, Green, and Lean https://amzn.to/2CYHrpv Sherry Rogers MD Book List https://prestigepublishing.com For more video visit: https://www.brasscheck.com/video/

Why They Push to “Privatize” Everything…Especially on the Federal Level

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Marti Oakley   PPJ Gazette copyright © 2019

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Ever wonder why the government, that spends billions if not trillions each year on wasteful agencies and programs, then allows those agencies to become so dysfunctional, so costly they become a detriment to the public? This is an intentional plan in action with a very much desired end result. Privatization. This means, that some special, well connected “stakeholder” who will make massive amounts of money bilking the public is ready and set to go. The word stakeholder is a word used to describe those who have a vested monetary interest in profiting by any means necessary and they have bribed, bought, groomed, and pampered any elected official willing to sell you out. And bear in mind that no private interest would be remotely interested in taking over any of these services or agencies if the potential for unlimited and unregulated profits was not part of the deal.

The reason that the federal government and its agencies contract out work to private corporations; work they should be quite able to perform in and of themselves (considering this is the reason they were put in office in the first place) and the vast amount of money squandered each year, is to limit the information the public can gain access to under FOIA or other inquiries. What that private corporation will hide behind is “proprietary rights” and “trade secrets”. Unconstitutionally ceding their business, power and authority to a private corporation provides protection from prying eyes and mountains of unconstitutional and unlawful activity can be safely kept out of the public eye through privatization.

So called “deregulation” , sold to the public as necessary if the economy is to survive, is simply a means by which corporations are allowed to operate without those precious regulations, codes, laws, or other bothersome rules the rest of us are bound by. Supposedly, regulations make business too difficult for them to operate. And you saw the benefits of deregulation in 2008 when Wall Street oversaw the disappearance of millions and billions of dollars of other people’s money…money which was never recovered. The corporate world claimed that those regulations were an interference with “free trade”, and “capitalism”.

60% of all corporations PAY NO TAXES. But somehow they do receive multi-million dollar tax refunds each and every year. How does “free trade and capitalism” sound to you now? Free breaks for them and the capital flows into their accounts. All the while you, the over regulated and taxed individual fights to keep enough of your income to survive on. [2]

STAKEHOLDERS More

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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FISCAL BLISS

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Olde Reb
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FISCAL BLISS*

Footnotes are available at https://www.scribd.com/document/355085824/Embezzlement-by-Federal-Reserve if they are deleted by software.
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“What difference does an increase in the National Debt make? We owe it to ourselves.” our typical 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 and 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 on its maturing date and was perpetually rolled-over. 2

VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bankers had the gold; the public had a promise that the king would eventually pay them in gold—which would never happen. 3 Everything went smoothly as long as the bank could sell the promise and the people 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, would come to a catastrophic climax. 6 More

The Netflix Tax: Coming to a Screen Near You

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Let’s hope you were able to get in all your binge watching before the new year, as online streaming entertainment may very well be the next thing that we enjoy slapped with a tax.

Many cities across the country have found that taxes from utilities have taken a hit with the rise in the number of people who have decided to “cut the cord” from cable companies. During the second quarter of 2016 alone, over 812,000 people cancelled their paid television subscriptions and switched to various streaming services like Netflix, Hulu, and SlingTV, which only require internet access.

As that telecom tax revenue continues to fall off, cities across the country are losing approximately $50 dollars (much more in larger cities) per cable subscriber in tax. Accordingly, lawmakers have discovered a brand new source of revenue in digital entertainment.

It’s called the “Netflix tax,” and it is beginning to be included as part of different cities’ amusement, sales, and, in some cases, even utilities tax.

Read more: https://taxrevolution.us/netflix-tax-coming-to-a-screen-near-you/

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