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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

TS Radio Network: John Leckrone Returns! Part # 2

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Join us Tuesday evening November 5, 2019 at 7:00 CST!

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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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Get Your Head Out Of Your False Left vs. Right Paradigm

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Don Bowman

 

OPINION:

I cannot believe, after successive presidency’s reflecting both supposed political ideologies and party’s, that anyone is still buying into the right vs. left, Republican vs. Democrat, liberal vs. conservative, BS. And it is BS.

Playing on, at times, extreme religious beliefs, or manufactured propaganda meant to frighten you in to accepting another war of aggression, or professed moral righteousness, we are encouraged to vote for one party or the other. Along with the tossing about of the words socialism and communism and the chronic hysteria that accompanies those words, many of us are convinced that our votes really matter or that things will actually change as a result. Actually, they do change…they always get worse. Makes no difference which wing of the this one party system you vote for.

Combining church and state?

We have a 1st amendment prohibiting that and for good reason.

Let me say that the lunacy emanating from churches in today’s world is enough to make a rational, reasonable man’s head explode. When I see blanket statements such as “Democrats hate Conservatives and Christians”…Really?? Really America? How many of you actually believe that? Or how about, “conservatives hate Democrats and they are satanists?” Are you really that easily manipulated and stupid? But if you need one, the barrage of idiotic religious drivel from either side of this combination of church and state, or, the lack thereof, is really obnoxious.

That’s Socialism! That’s Socialism!

First, let’s clear one thing up right off the bat! America is in no danger of becoming a socialist or communist nation. We are heading full steam ahead More

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

How Today’s Multiculturalism Fuels the Growth of  Third World Cities in America

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By: chuck Frank

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A good many American  people began their decent into into the dreaded black hole around the same time that President, Bill Clinton left office, that allowed our corporations to expand their relocation overseas and also into Mexico.  Banks were also given at the same time Clinton’s gift of deregulation which had protected America’s financial health ever since the Great Depression of the 1930’s.  Finally, the banks gambled with high risk
investments spearheading the 2008 financial meltdown that transpired, while housing foreclosures ran at 3.1 million in 2008 alone to where families lost their houses.

In retrospect, there were now two dreadful mistakes President Clinton and Congress left us with.

The first one was NAFTA which was meant to “bring jobs to America” through free and fair trade.  That didn’t happen.  Unemployment just got worse and in the end, who got rich off of that deal? It was the corporations and the high rollers.

While America began sinking to new lows, deficit spending by the trillions was in order by the Obama administration, while at the same time, multiculturalism was an agenda being pushed  by that same administration as Congress looked the other way.

The caliber of those people being brought into America during those years had not been vetted properly by those agencies who were paid to evaluate the incoming immigrants.  Those agencies at that time were mostly interested in the “placement money” and were not concerned about the safety of the American citizens or how well these immigrants would assimilate.  It is obvious that during those recent years, thousands upon thousands of immigrants which were placed in various cities began to become, brick by brick, a foundation of civil unrest which historically has been used in Marxist philosophy and teachings for the purpose of bringing a country to a low point in order to topple a free and democratic society and thus replace it with an inferior form of tyrannical rule where the people either do not have a say or they are given the appearance of having a say while a charade of politicians offers a structure of formality for the people’s input which will never transpire.  It’s no different than trickle down economics which never happens when there is a deceptive progressive/socialistic agenda supporting  big government, more taxation, runaway corruption, kickbacks, expensive healthcare plans, pensions, and finally deficit spending.

Add sanctuary states, counties and cities such as Seattle into this mix to where people have no money, no moral compass and no desire to assimilate,
this model becomes the last and final brick in a nation that is about to fall from grace.   It is high time that American’s who see the writing on the wall take America back before it is too late as “third world cities”are already becoming commonplace in America.

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