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Every now and again I get those stupid hate emails to blame the federal reserve and central banks for everything while NEVER once do they ever look at the history of central banks and how Congress has been manipulating the law changing the definition of what the Fed was even supposed to be.

There do not even know why there are branches of the Fed. If there was just one interest rate and one policy set in Washington, then why do we even have branches of the Fed if they no longer act independently? For you see, when the Fed was created, the branches were to manage the capital flows. Each branch was independent and they would lower or raise the interest rate in their jurisdiction depend ding on the flow of money.

Even the currency it first began to print was done so by each branch. The Panic of 1907 was instigated by the San Francisco earthquake of 1906 which caused the capital to flow from East to West and that created a shortage of cash in New York and thus banks failed.

It was Roosevelt who usurped all the independence of the Fed and created a Washington monopoly to push his socialist agenda into place. We are hearing the same pitch of equality once again and Biden is going to take over the Fed and install his people. This will be the final alteration of the Fed making it entirely political to usher in this Great Reset. What was once an independent central bank, owned by the bankers to prevent taxpayer money from being used to bail out the banks where today they banks may own the Fed in name only, but the reins of power are political.

…click on the above link to read the rest of the article…

Peter Schiff: Political Hypocrisy Provides Cover for Fed on Inflation

June 28, 2021

Peter Schiff: Political Hypocrisy Provides Cover for Fed on Inflation

From 2016 to 2020, Republicans were constantly trying to play up the economy. You’ll recall Donald Trump claiming it was the greatest economy in history. Meanwhile, Democrats were trying to play it down. Now, the roles have reversed. Since the Democrats own the economy now, they’re talking about how great the recovery is while Republicans are sounding warnings. As Peter Schiff explained in his podcast, this political hypocrisy is letting the real culprit get away without blame.

We saw this political hypocrisy on display during Jerome Powell’s recent testimony before the House Select Committee on COVID-19. The Democrats on the committee took the opportunity to grandstand about how great the economy is doing. As Peter put it, “They own the economy and they want to pretend that everything is great.” Their questions and statements focused on what a good job Powell is doing.

It’s interesting in that the Democrats are the ones that are trying to play down the inflation fears. They’re the ones that are trying to agree with Powell and reiterate the fact that everything is transitory and so we’ve got nothing to worry about.”

The Democrats don’t want to admit there is an inflation problem because that would be a blemish on this otherwise wonderful economy.

Meanwhile, the Republicans are pushing Powell on inflation and talking about it as a tax. But they’re not blaming Powell or the Fed. They’re placing the blame on Biden and the Democrats’ spending.

They’re not even really trying to blame the Fed for all the money printing. They’re just blaming Biden for all the money spending. But of course, Biden couldn’t be spending any money if the Fed wasn’t printing it…

…click on the above link to read the rest of the article…

Testing 1,2,3

March 29, 2021

Testing 1,2,3

Rufino Tamayo The Dance of Joy 1950

We’re running two grand experiments at the same time: we inject 100s of millions with untested substances, and then we let them fly and gather and tell them it’s safe to do so.

First things first: none of the “vaccines” that are being injected as we speak into 100s of millions of people have been approved by “medical authorities”. The Pfizer and Moderna mRNA ones, as well as the AstraZeneca and in some places Johnson&Johnson “substances” have only, best case, gotten a permit for Emergency Use Authorization (EUA).

This is needed because none of these things have ever been properly tested. The “logic” behind this is that we are in an emergency, so there’s no time for testing. Somehow, this “logic” is combined with claims about “listening to the science”. While not testing is the direct opposite of science.

In order to get the Emergency Use Authorizations, you need to show that there are no other substances available that could perform the job that the “vaccines” do. I put “Vaccines” in quotation marks because mRNA are not vaccines in the traditional sense, they are, at least potentially, much more invasive. A factor that has… never been properly tested.

The other substances that might work vs the coronavirus, repurposed drugs such as ivermectin and (hydroxy) chloroquine -about which many doctors have written very positive reviews-, if the (EUA) label is to be put on the new “vaccines”, must also remain untested, just like the “vaccines” themselves.

…click on the above link to read the rest of the article…

Raúl Ilargi Meijer, the automatic earth, EUA, experiment, experts, HCQ, ivermectin, politicians, science, technology, testing, transmission, vaccines Add comments

Why It’s Good To Push Politicians To Do The Right Thing (Even When They Probably Won’t)

December 24, 2020

Why It’s Good To Push Politicians To Do The Right Thing (Even When They Probably Won’t)

The debate rages on over whether or not House progressives should force a floor vote on Medicare for All by threatening not to re-elect Nancy Pelosi as House Speaker, with one side arguing that Alexandria Ocasio-Cortez and the rest of “The Squad” were elected to advance progressive policies so that’s what they should do, and the other side arguing that AOC is cool so shut up and leave her alone.

As we discussed yesterday, Americans will not be given Medicare for All despite overwhelming public support because an immense amount of power depends on keeping them in a state of financial struggle so they don’t interfere in the affairs of a nation which serves as the hub of a global empire. The US political system does not exist to serve the interests of Americans, it exists to serve the interests of the empire. No part of that system is there to protect the people from the powerful; it’s there to protect the powerful from the people.

There’s a misconception which spans almost the entire US political spectrum, and that is the idea that some part of the system serves the people. Progressives believe they can use the electoral process to obtain economic justice for Americans. Trumpers believe the judicial system is going to overturn Biden’s win any minute now. Liberals believed Mueller was going to drag the entire Trump camp out of the White House in chains.

…click on the above link to read the rest of the article…

Backwards into the Future

May 2, 2020

Backwards into the Future

No, I’m still not over the fact that they all initially missed the virus when they should have seen it most of all. The reasons why must be evaluated in every single location, in governments, CDC equivalents and obviously the WHO. A main reason is that they were all focusing on their economy, not the virus, -at least somewhat- ironically damaging their economies in the process.

I’m just afraid that you’re not going to prevent the next time, the next huge and deadly miss, as long as elections are popularity contests ultimately controlled by special interests. But at the same time, we’re past that first moment, which was somewhere in November or December (31st at the latest), and the next major threats loom.

After the Big Miss came the lockdowns, and as I said in Little Managers, that’s the one thing all these politicians may actually be somewhat good at. They stink at initial detection and reaction time, they stink at forward vision, but they can get people to stay home for a bit, and sell them that in the media.

They even get praised for it. Which is understandable, since their role is to set old ladies’ minds at ease, and most people, whatever age they are, have such minds, understandable but unfortunate, because 1) we’re about to leave the lockdowns phase as well and 2) they’re sure to screw up this one as royally as the first detection moment.

It would be good if everyone by now understood why lockdowns become inevitable after, but only after, initial detection has failed and the virus has been allowed to enter a society, if you face a highly contagious and deadly -to humans- virus that you don’t know anything about, but there are plenty people today who claim the lockdowns are what does the damage.

…click on the above link to read the rest of the article…

The Virus is a Time Machine

March 10, 2020

The Virus is a Time Machine

Heinrich Hofmann **Christ and the Rich Young Man** 1889

Around mid-January I started including coronavirus news in the daily Automatic Earth “Debt Rattle” news aggregators, and wrote the first essay on the topic on January 29. Tons of people since have asked why, but I thought the virus had “potential”. Though not everybody would agree, I still think that. So the Debt Rattles are full of coronavirus these days.

For a proper understanding, we must remember that China was 4-5 weeks too late in reporting the disease, and after that the west was 4-5 weeks late in acting on the news. This happens simply because a politician who cries wolf will have a short career, and reporters, certainly today, follow that same model.

I explained 5 weeks ago why this happens the way it does in China in The Party and the Virus, but western countries’ political and media systems are structured very much the same way. Being early to warn does not help your job prospects. Unless you’re 100% sure, but then you won’t be alone and there’s nothing left to warn about. So might as well stay mum.

Until you must speak, and then you’re way behind, and you’ll be as wrong as you are late. Cast in stone. Bias “R” Us. But then, that’s why there’s the Automatic Earth. The Matrix is never perfectly sealed.

In the case of COVID19, the story is not about the numbers of cases or fatalities at any given point after two months and change, it’s about the disruption it will cause. We have a highly contagious virus that can cause death. That is all you need to know really. Feel free to claim that reactions and measures are over the hill, but no government has the option to say things are not all that bad and it’s business as usual.

…click on the above link to read the rest of the article…

Spirits in the Material World

February 27, 2020

SPIRITS IN THE MATERIAL WORLD

There is no political solution
To our troubled evolution
Have no faith in constitution
There is no bloody revolution

The Police – Spirits in the Material World

As I was driving home from work last week, an almost forty-year-old song began emanating from my radio. I’ve always appreciated the music of The Police, but was never a huge fan. Spirits in the Material World was a relatively minor hit from their 1981 Ghost in the Machine multi-platinum album. I’ve probably heard it hundreds of times over the last four decades, but the lyrics struck me as particularly apropos at the end of a week where lunatic left-wing politicians staged a battle royale of ineptitude, invective, and idiotic solutions, in front of a perplexed public in a Vegas casino. Sting wrote the lyrics to this song in 1981 at the outset of the Reagan presidency. It is less than 3 minutes in length, but says much about humanity and the world we inhabit.

The interpretation of Sting’s (Gordon Sumner) lyrics depends upon your position in the generational kaleidoscope of history. As a boomer, Sting came of age during the 1960s and 70s. He was thirty years old in 1981 as the Second Turning (Awakening) was winding down and Reagan’s Morning in America was about to launch the Third Turning (Unraveling) in 1984.

His passionate idealism and search for spiritual solutions to the problems of the day had not been extinguished. The raging inflation of the 1970s had led to the worst recession since the Great Depression. The Cold War was at its coldest. Politicians had been discredited as criminal (Nixon) or incompetent (Carter). Sting and many others of his generation had lost faith in the political system. His viewpoint fit perfectly into the Strauss and Howe assessment of our last Awakening period (1964 – 1984).

Image result for awakening strauss and howe

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Trump vs. Warren And The Fake Battle Against The Elites

November 20, 2019

Trump vs. Warren And The Fake Battle Against The Elites

It seems like a simple and easy to identify pattern, but for some reason the public keeps falling for the same old globalist tricks. A well-worn tactic the money elites use to endear certain puppet political candidates to Americans is to encourage those candidates to use anti-elitist rhetoric, only to then flood their cabinets with those same elites once they get into office. The rule of politics seems to be, “Say whatever you want to get the people on your side, but once you’re in office, you do as we tell you…”

These candidates will aggressively attack the banks, corporations and wall street, lamenting the rapid decline of the middle class or “working class”. They will point out that a mere handful of ultra-rich, the top 1%, control more wealth than nearly half of the population combined. They will seize upon the travesties of the poor and argue for “change” to bring balance back to the system. They will pretend to expose the crimes of the banking cabal and the upper echelons of Wall Street. They will put on a grand show; and then, they will do the bidding of their masters and play the role they were groomed for…

Americans are suckers for fake “people’s candidates” and always have been.

But perhaps I should expand on this with some real world examples. How about Jimmy Carter, who started out his presidential campaign with a dismal 4% in the Democratic polls. Carter would go on to explode in popularity after attacking what he referred to as the “Washington insiders”, the elites that ran the show from behind the curtain. A widely distributed paperback book that promoted Carter during his campaign called “I’ll Never Lie To You: Jimmy Carter In His Own Words” quoted the candidate as saying at a Boston rally:

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The Politics of Tyranny

October 29, 2019

The Politics of Tyranny

“Politicians are more likely than people in the general population to be sociopaths. I think you would find no expert in the field of sociopathy/psychopathy/antisocial personality disorder who would dispute this… That a small minority of human beings literally have no conscience was and is a bitter pill for our society to swallow — but it does explain a great many things, shamelessly deceitful political behavior being one.”
—Dr. Martha Stout, clinical psychologist and former instructor at Harvard Medical School

Twenty years ago, a newspaper headline asked the question: “What’s the difference between a politician and a psychopath?”

The answer, then and now, remains the same: None.

There is no difference between psychopaths and politicians.

Nor is there much of a difference between the havoc wreaked on innocent lives by uncaring, unfeeling, selfish, irresponsible, parasitic criminals and elected officials who lie to their constituents, trade political favors for campaign contributions, turn a blind eye to the wishes of the electorate, cheat taxpayers out of hard-earned dollars, favor the corporate elite, entrench the military industrial complex, and spare little thought for the impact their thoughtless actions and hastily passed legislation might have on defenseless citizens.

Psychopaths and politicians both have a tendency to be selfish, callous, remorseless users of others, irresponsible, pathological liars, glib, con artists, lacking in remorse and shallow.

Charismatic politicians, like criminal psychopaths, exhibit a failure to accept responsibility for their actions, have a high sense of self-worth, are chronically unstable, have socially deviant lifestyles, need constant stimulation, have parasitic lifestyles and possess unrealistic goals.

It doesn’t matter whether you’re talking about Democrats or Republicans.

Political psychopaths are all largely cut from the same pathological cloth, brimming with seemingly easy charm and boasting calculating minds. Such leaders eventually create pathocracies: totalitarian societies bent on power, control, and destruction of both freedom in general and those who exercise their freedoms.

…click on the above link to read the rest of the article…

Politicians Live in a Parallel Universe

October 23, 2019

Politicians Live in a Parallel Universe

I’m convinced of it. Politicians definitely live in a parallel universe, one that could easily be called Bizarro World.

Just read a recent op-ed in the Washington Post by Republican Senate Majority Leader Mitch McConnell. It provides irrefutable proof that these people live in an alternative universe.

The title of McConnell’s article is “Withdrawing from Syria Is a Grave Mistake.” As you can tell from the title, McConnell, like the good little Republican he is, is an interventionist . That means he believes that the U.S. government should intervene in the affairs of other countries, like with coups, assassinations, invasions, bribery, extortion, sanctions, and embargoes, even while lamenting when foreign governments (e.g., Russia) intervene in the affairs of other countries in the same ways.

Okay, so Republicans are interventionists. That doesn’t necessarily mean that they live in a parallel universe. It just means that they are seriously misguided. The proof that McConnell lives in an alternative universe comes through the analysis he employs to justify his interventionism.

Number 1. McConnell says that that interventionism is necessary to combat “Islamic terrorism.”

What? Is he kidding? He obviously doesn’t get it. He still believes that the terrorists are targeting America because of their supposed hatred for America’s “freedom and values.” He still doesn’t understand that it is interventionism itself (which he ardently supports) that is the root cause of the anger and hatred that foreigners have toward the United States. Stop the interventionism and anti-American terrorism dissipates.

In McConnell’s universe, the “war on terrorism” goes on forever because, in his mind, the Muslims will hate America forever. The Pentagon and the CIA will just have to continue inflicting death, suffering, and destruction on foreigners on a perpetual basis until the war is “won,” that is, when all the Muslim terrorists are finally eradicated, which just might be never, especially since the interventionism produces a never-ending stream of anger and hatred toward the United States.

…click on the above link to read the rest of the article…

The Tragedy Of The Euro

January 11, 2019

The Tragedy Of The Euro

After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The consequence will be a new cycle of sharply rising bond yields for the weakest Eurozone members, and systemically destabilising losses in the bond portfolios owned by Eurozone banks

The blame-game

It’s the twentieth anniversary of the euro’s existence, and far from being celebrated it is being blamed for many, if not all of the Eurozone’s ills.

However, the euro cannot be blamed for the monetary and policy failures of the ECB, national central banks and politicians. It is just a fiat currency, like all the others, only with a different provenance. All fiat currencies owe their function as a medium of exchange from the faith its users have in it. But unlike other currencies in their respective jurisdictions, the euro has become a talisman for monetary and economic failures in the European Union.

Recognise that, and we have a chance of understanding why the Eurozone has its troubles and why there are mounting risks of a new Eurozone systemic crisis. These troubles will not be resolved by replacing the euro with one of its founding components, or, indeed, a whole new fiat-money construct. It is here to stay, because it is not in the users’ interest to ditch it.

As is so often the case, the motivation for blaming the euro for some or all the Eurozone’s troubles is to shift responsibility from the real culprits, which are the institutions that created and manage it. This article briefly summarises the key points in the history of the euro project and notes how the mistakes of the past are being repeated without the safety-net of the ECB’s asset purchases.

…click on the above link to read the rest of the article…

Empty Words Are Failing. A Timeline For What Comes Next

December 5, 2018

Empty Words Are Failing. A Timeline For What Comes Next

A quick recap of the past couple of months:

Stocks plunge.

The politicians, bureaucrats and bankers who depend on artificially-elevated financial asset prices start to panic.

The Fed announces that maybe it won’t have to raise interest rates any more, and the president announces a temporary cease-fire in the trade war with China.

The markets bounce, leading some to conclude that the worst is over and it’s time to go back to buying the dip.

A larger number of people conclude that the changes in policy were really just empty words. No actual actions had taken place.

Stocks start falling again. You are here — as this is written on Tuesday Dec 4, the Dow is down about 300 points.

What happens next?
Think of the past few months as the first act in a play that is performed in virtually every business cycle, with later acts following a predictable script. Here’s how it’s likely to go this time:

Words give way to modest action (early 2019). When the markets figure out that empty promises don’t change the underlying reality of slowing growth, falling corporate profits and rising loan defaults, they return to panic mode. Governments are then forced to actually do things to try to stop the bleeding. In the current US case, that means the Fed will announce that it’s done raising rates and will soon start cutting. Trump, meanwhile, will cut a trade deal with China that accomplishes little but removes the future uncertainty.

This will be greeted with another few days of market euphoria, followed by the realization that, again, nothing substantive has changed. Stocks will resume their decline. Let’s call this “2008 revisited.”

…click on the above link to read the rest of the article…

How Politicians Are Creating the Worst Economic Crash in History

November 1, 2018

How Politicians Are Creating the Worst Economic Crash in History

Politicians have totally and completely misunderstood the trends within the global economy and as a result, they are actually creating one of the worst economic debacles in history. I have explained several times that the bulk of investment capital is tied up in two primary sectors – (1) government bonds and (2) real estate. Because of income taxes, real estate has offered a way to make money in capital gains without having to pay income taxes.

Money has looked to park in real estate around the world for many various different reasons as in Italy it was the escape from inheritance taxes as well as banks or in Vancouver to gain a foothold for residency fleeing Hong Kong. In Australia, there was the Super Annuation Fund which allowed people to use retirement funds for real estate. In New Zealand, the new government wanted to declare foreign investment just illegal and in Australia, they made it a criminal act for a foreigner to own property and not inform the government they were foreigners. Over in London, they imposed taxes on property which created a crash.

People spend more when they believe that they have big profits in their home. The recession of 2007-2010 was so bad recording the worst of all declines since the Great Depression all BECAUSE it undermined the real estate values. People then spent less because they viewed their home declined in value. As taxes have been rising and the average home value collapsed, the velocity of money kept declining. Especially as real estate values declined and interest on savings accounts vanished hurting the elderly who saved money for retirement and discovered their savings were producing less income, the velocity of money just plummeted. The velocity of money began to turn up finally in the USA ONLYwhen interest rates began to rise.

…click on the above link to read the rest of the article…

As the fracking protesters show, a people’s rebellion is the only way to fight climate breakdown

October 24, 2018

As the fracking protesters show, a people’s rebellion is the only way to fight climate breakdown

Our politicians, under the influence of big business, have failed us. As they take the planet to the brink, it’s time for disruptive, nonviolent disobedience

Illustration by Bill Bragg

It is hard to believe today, but the prevailing ethos among the educated elite was once public service. As the historian Tony Judt documented in Ill Fares the Land, the foremost ambition among graduates in the 1950s and 60s was, through government or the liberal professions, to serve their country. Their approach might have been patrician and often blinkered, but their intentions were mostly public and civic, not private and pecuniary.

Today, the notion of public service seems as quaint as a local post office. We expect those who govern us to grab what they can, permitting predatory banks and corporations to fleece the public realm, then collect their reward in the form of lucrative directorships. As the Edelman Corporation’s Trust Barometer survey reveals, trust worldwide has collapsed in all major institutions, and government is less trusted than any other.

As for the economic elite, as the consequences of their own greed and self-interest emerge, they seek, like the Roman oligarchs fleeing the collapse of the western empire, only to secure their survival against the indignant mob. An essay by the visionary author Douglas Rushkoff this summer, documenting his discussion with some of the world’s richest people, reveals that their most pressing concern is to find a refuge from climate breakdown, and economic and societal collapse. Should they move to New Zealand or Alaska? How will they pay their security guards once money is worthless? Could they upload their minds on to supercomputers? Survival Condo, the company turning former missile silos in Kansas into fortified bunkers, has so far sold every completed unit.

…click on the above link to read the rest of the article…

Mother Jones Writer Shows What Happens When You Apologize To A Manipulator

October 2, 2018

Mother Jones Writer Shows What Happens When You Apologize To A Manipulator

Have you ever noticed how rare sincere apologies are in politics? I’ve been thinking about this a lot lately. Normal people apologize to each other every day, for accidentally interrupting someone or standing in their way, for being inconsiderate or forgetful, for being unable to satisfy a customer’s needs; it’s just a part of life we take for granted at work and at home. But in the highest levels of the most powerful governments on earth, where thousands of human lives can be snuffed out by a single unwise decision and ecosystems and economies destroyed on a whim, apologies are almost unheard of. You only ever see them when a leader is cornered in a complete political checkmate with no other options available to them.

This is because the highest levels of the most powerful governments in the world are dominated by highly manipulative people. If you serve truth, humanity and the world, you are almost certainly delightful to be around and you will almost certainly never have a career in federal politics. The system is set up to serve a ruling class of plutocrats and their lackeys, so the way to get to the top of the political ladder is in the exact opposite direction of serving the weak and defenseless and being truthful and compassionate. To win elections you first need to win the blessing of the ruling class, and the way to do that is by kissing the right asses while regurgitating the right sound bytes whenever the cameras are rolling.

…click on the above link to read the rest of the article…

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