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I have several times reported the same. Nixon was removed because he was making arms limitation agreements with the Soviets and opening to China. This was normalizing the enemy that the military/security complex needed for its budget and power. It was for the same reason that President Kennedy was assassinated by the military/security complex. The growing suspicion about Kennedy’s assassination meant that the military/security complex could not risk a second violent assassination, so Nixon was politically assassinated.

The same strategy was applied to Trump. When Trump said he intended to normalize relations with Russia, he presented himself as the same threat to the military-security complex as Kennedy and Nixon. That is what Russiagate was about, and what documentsgate, Jan 6 Insurrection, and two failed impeachments are all about. When Russiagate and the impeachments failed, they decided to steal the election. When Trump’s support survived all of this, they decided on the indictments. In the least, the indictments will keep Trump off the campaign circuit and use up his resources in legal fees.

It is the determination and ability of the military/security complex to protect its budget and power that makes peace impossible and wars our way of life.

https://twitter.com/CollinRugg/status/1781484602756124759

Nixon Threatened To Reveal CIA’s Involvement In Kennedy Assassination, Roger Stone Claims

January 14, 2023

Nixon Threatened To Reveal CIA’s Involvement In Kennedy Assassination, Roger Stone Claims

A stunning, long-overlooked Nixon Watergate-era tape shows Richard Nixon warning CIA Director Richard Helms that he knows of CIA involvement in the murder of John F. Kennedy- “I know who shot John.”

This shocking new tape depicts Nixon increasingly besieged by Watergate but unaware that at least four of the Watergate burglars were still on the CIA payroll at the time of the break-in, and that the CIA had thus infiltrated the burglary team. Recently declassified documents reveal that Watergate Special Prosecutor Nick Akerman was aware of both the CIA’s advance knowledge and involvement in the break-in — but said and did nothing.

Senator Howard Baker, the Republican Leader on the Senate Watergate Committee and his counsel Fred Thompson himself, a future U.S. Senator from Tennessee, like Baker, stumbled on the CIA’s deep advanced knowledge and direct involvement in the Watergate break-in. Baker and Thompson both knew that at least four of the Watergate burglars were on the CIA payroll at the time of the break-in and that through CREEP Security Director James McCord, had infiltrated the burglary team. Senate Watergate Committee Chairman Sam Ervin stoutly refused to allow Baker and the Committee Republicans including Edward J. Gurney of Florida the right to publish a Minority Report which noted this stunning information regarding the CIA.

Nixon deeply distrusted the CIA because he knew that President Eisenhower had ordered the agency to give top secret briefings to both Nixon and Kennedy after both were the certain nominees of their parties. Nixon was sore that Kennedy utilized the information in their debates, attacking Nixon for being “soft” on communist Cuba, knowing full well that Nixon had chaired a working group as Vice President overseeing preparations for the “Bay of Pigs” invasion. Nixon, of course, could not reveal this upcoming attempt to topple Castro in the details.

…click on the above link to read the rest…

The Inflation Crisis Is Worse Than Admitted – Will Interest Rates Go To Record Highs?

June 11, 2022

The Inflation Crisis Is Worse Than Admitted – Will Interest Rates Go To Record Highs?

Inflation is not a new problem in the US; there has been a steady expansion of price inflation and a devaluation of the dollar ever since the Federal Reserve was officially made operational in 1916. This inflation is easily observed by comparing the prices of commodities and necessities from a few decades ago to today.

The median cost of a home in 1960 was around $11,900, which is the equivalent of $98,000 today. In the year 2000, the median home price rose to $170,000. Today, the average sale price for a home is over $400,000 dollars. Inflation apologists will argue that wages are keeping up with prices; this is simply not true and has not been true for a long time.

In today’s terms, a certain measure of home price increases involve artificial demand created by massive conglomerates like Blackstone buying up distressed properties. We can also place some blame on the huge migration of Americans out of blue states like New York and California during the pandemic lockdowns. However, prices were rising exponentially in many markets well before covid.

Americans have been dealing with higher prices and stagnant wages for some time now. This is often hidden or obscured by creative government accounting and the way inflation is communicated to the public through CPI numbers. This is especially true after the inflationary crisis of the late 1970s and early 1980s under the Carter Administration and Fed Chairman Paul Volcker.

It’s important to understand that CPI today is NOT an accurate reflection of true inflation overall, and this is because the methods used by the Fed and other institutions to calculate inflation changed after the 1970s event. Not surprisingly, CPI was adjusted to show a diminished inflation threat. If you can’t hide the price increases, you can at least lie about the gravity of those increases.

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

Who’s Got the Gold?

March 3, 2022

Who’s Got the Gold?

In 1971, the US abruptly went off the gold standard, and in making the public announcement, US President Richard Nixon looked into the television camera and said, “We’re all Keynesians now.”

I was a young man at the time and had previously bought gold, albeit on a very small scale, but I recall looking into the face of this delusional man and thinking, “This is not good.”

However, the world at large apparently agreed with Mister Nixon, and within a few years, the other countries also went off the gold standard, which meant that, from that point on, no currency was backed by anything other than a promise.

Party Time

It didn’t take long before countries began playing with their currencies. At one time, the German mark, the French franc, the Italian lire, and the British shilling had all been roughly equivalent in value, and four or five of any one of them was worth about a dollar.

That had already begun to change prior to 1971, but following the decoupling from gold, the governments of the world really began to see the advantages of manipulating their own currencies against the currencies of other nations.

From that point on, a currency note from any country, which was already no more than an “I owe you,” was increasingly degraded to an “I owe you an undetermined and fluctuating amount.”

This fixation with monetary manipulation began much like the 1960s youths’ experimentation with drugs, and by the millennium, had morphed into something more akin to heroin addiction. Unfortunately, those who had become the addicts were the national leaders in finance and politics.

Well, here we are, in the second decade of the millennium. The party has deteriorated and is soon to come to a bad end.

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

When The Global Monetary Reset Happens, Don’t You Dare Forget Who To Blame

November 17, 2021

When The Global Monetary Reset Happens, Don’t You Dare Forget Who To Blame

Submitted by QTR’s Fringe Finance

“What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world. You don’t know what it is, but it’s there, like a splinter in your mind, driving you mad. It is this feeling that has brought you to me. Do you know what I’m talking about?”

-Morpheus, The Matrix

Many of these people, myself included, know deep down that something went horribly askew when we were taken off the gold standard in 1971.

And today, many people witnessing soaring inflation are starting to feel their spider senses tingle even more: something is definitely wrong with “the system”.

But not everybody can put their finger on exactly what is wrong. This is what makes our system so nefarious to begin with: its complexity. It’s also why I try to explain these feelings for people in podcasts like my most recent one discussing why now must be the time we start to discuss inflation seriously.

Left unchecked by gold, it took us less than half a century to destroy our currency, run production out of the U.S., become reliant on importing almost everything we use on a daily basis, turn the country into a third world country and run up a nearly $30 trillion national tab, all while the Fed has stacked almost $10 trillion in subprime crap onto its balance sheet.

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

After the Gold Standard, Government Grew While the Dollar Shrank

August 25, 2021

After the Gold Standard, Government Grew While the Dollar Shrank

Public-domain image via Picryl.com

Why ending the gold standard led to a bigger government and a smaller dollar

As The Hill’s Robert P. Murphy notes, most Americans associate the end of the gold standard and the ensuing dollar erosion with Nixon and his 1971 decision to “close the gold window.” In truth, however, the U.S. dollar was weakening long before that, something that can be explained by evaluating the length of the tether between gold and the dollar.

Between our nation’s founding and the Civil War, there was practically no difference between gold and currency. U.S. coins were minted with face values based on the quantity and price of gold or silver they contained. This kind of policy minimized the government’s role in monetary issues. Instead of being stored in vaults, the nation’s precious metals circulated. This decision essentially allowed the public to dictate monetary policy based on natural supply of the metals: individuals presented gold or silver to the U.S. Mint to be manufactured into into coins.

The Civil War saw the first shift away from this approach, when paper notes not immediately redeemable in gold and silver coins were issued by both the Union and the Confederate states (primarily to pay for war efforts). Both sides engaged in inflation, an obvious temptation when no other controls exist on money issue.

Between 1879 and 1914, the government did away with silver monetization, but restored convertibility between the dollar and gold with a roughly $20.67 an ounce ratio. By this time, however, the view of paper as money had already established itself. So long as a $5 bill and a $5 gold coin are fungible (interchangeable, with no loss of value between them), carrying $100 in paper money is just more convenient than carrying $100 in coins.

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

A Look Back at Nixon’s Infamous Monetary Policy Decision

August 19, 2021

A Look Back at Nixon’s Infamous Monetary Policy Decision

Putting the World on a Paper Standard

Half a century ago one of the most disastrous monetary policy decisions in US history was committed by Richard Nixon. In a television address, the president declared that the nation would no longer redeem internationally dollars for gold. Since the dollar was the world’s reserve currency, Nixon’s closing of the “Gold Window” put the world on an irredeemable paper monetary standard.

Richard Nixon during his televised speech on the “temporary” closing of the gold window (effectively a debt default). [PT]

The ramifications of the act reverberate to this very day. America’s current financial mess, budget deficits, the reoccurring booms and busts, the decline of living standards (particularly the middle class), all have their genesis with Nixon’s infamous decision in August, 1971.

Culmination of a Long-Term Plan

Abandoning the last vestiges of the gold standard was the culmination of a long-term plan of the banksters, politicians, financial elites, and deceitful economists. The first step was the establishment of the Federal Reserve in 1913 whose primary purpose was to allow its member banks to inflate the money supply without fearing the consequences – bank failures/panics, bank runs, recessions/depressions. The Fed could, and still does, through the control of the money supply enrich itself, the government, and its aligned financial elites at the expense of the public at large.

Woodrow Wilson signs the Federal Reserve Act in late 1913 – conveniently just half a year before WW1 breaks out.. [PT]

The next step on the road to monetary debasement was Franklin Roosevelt’s draconian measure of outlawing the private ownership of gold. This was not only an unprecedented and outrageous attack on private property, but it also eliminated gold redemption of dollars domestically, which gave the Fed unlimited power to print money without fear of its notes being redeemed.

FDR’s decree outlawing private gold ownership in the US. [PT]

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

Central Banks Are Now in the Endgame

August 19, 2021

Central Banks Are Now in the Endgame

The $2 quadrillion debt bubble will be the central bank endgame

Central bankers were handed the Midas curse half a century ago. Midas turned everything that he touched into gold– even his own food. Exactly 50 years ago (15 Aug, 1971) central bankers were handed a much worse curse by Nixon. But instead of turning everything into gold, their curse was to turn all real assets, including gold, into worthless paper, creating the perfect setup for this central bank endgame.

Nixon had of course not studied history. Because if he had, he would have understood that his lie was $100s of trillions worse than the Watergate lies:

“THE EFFECT OF TODAY’S ACTION will be to stabilise the dollar”

Hmmmmmm!

As the chart below shows the dollar has lost 98% in real terms (GOLD) since 1971. Just a one hour history lesson would have taught Nixon that no currency has ever survived in history since all leaders without fail have done what Nixon did.

Reminds me of the line in Pete Seeger’s song “Where have all the flowers gone”:

“WHEN WILL YOU EVER LEARN, WHEN WILL YOU EVER LEARN?”

The fall of the dollar after Nixon eliminated Bretton Woods.

Well, they will never learn of course. History has taught the very few who are willing to listen that there is no exception.

Every single currency throughout history has been debased until it has reached ZERO as I outlined here.

It seems incomprehensible that presidents and central bankers have not learnt they will all play the role that their predecessors have, in destroying the nations currency.

With their arrogance, they are all obviously hoping that they can pass the baton on so that it won’t happen on their watch. And because most leaders have a relatively short reign in relation to the lifespan of a currency, they often escape even though guilty.

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

A Look Back at Nixon’s Infamous Monetary Decision

August 12, 2021

A Look Back at Nixon’s Infamous Monetary Decision

A half century ago one of the most disastrous monetary decisions in U.S. history was committed by Richard Nixon. In a television address, the president declared that the nation would no longer redeem internationally dollars for gold. Since the dollar was the world’s reserve currency, Nixon’s closing of the “Gold Window” put the world on an irredeemable paper monetary standard.

The ramifications of the act continue to this very day. America’s current financial mess, budget deficits, the reoccurring booms and busts, the decline of living standards (particularly the middle class), all have their genesis with Nixon’s infamous decision in August, 1971.

Abandoning the last vestiges of the gold standard was the culmination of a long-term goal of the banksters, politicians, financial elites, and deceitful economists. The first step was the establishment of the Federal Reserve in 1913 whose primary purpose was to allow its member banks to inflate the money supply without fearing the consequences – bank failures/panics, bank runs, recessions/depressions. The Fed could, and still does, through the control of the money supply enrich itself, the government, and its aligned financial elites at the expense of the public at large.

The specious justification for the law, enacted shortly after the start of FDR’s first tyrannical term in office, was to fight the Great Depression. Of course, the measure did nothing to mitigate the Depression which, in fact, was not caused by Americans’ ownership of gold, but rather the Fed itself and its wild inflationary policies throughout the “Roaring 20s.”

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

Doomsday ex Machina: Daniel Ellsberg and the Nuclear Gang

December 28, 2020

Doomsday ex Machina: Daniel Ellsberg and the Nuclear Gang

Photograph by Nathaniel St. Clair

You hide in your mansion
While the young people’s blood
Flows out of their bodies
And is buried in the mud

You’ve thrown the worst fear
That can ever be hurled
Fear to bring children
Into the world

– Bob Dylan, “Masters of War” (1963)

October 15, 1969.

That’s the day the world might have ended, had Madman Richard Nixon had his druthers.

In his recent book, The Doomsday Machine: Confessions of a Nuclear War Planner, Daniel Ellsberg paints a doom and boom picture of the future, unless we immediately engage in negotiations with other nuclear armed nations to strengthen the nuclear Non-Proliferation Treaty (NPT) and begin the dismantling of the Doomsday Machine that is programmed to destroy as much life as possible on the planet once global nuclear war begins — a perilously close possibility under the current postures and protocols of nuclear-armed governments. (Even as late as last week, NATO rejected a UN call for the elimination of these omnicidal weapons.)

In the above example, Richard Nixon was inspired by Dwight D. Eisenhower’s strong arming tactics in securing an armistice in Korea. Citing Nixon Chief of Staff Bob Haldeman, Ellsberg writes,

Nixon “saw a parallel in the action President Eisenhower had taken to end another war. When Eisenhower arrived in the White House, the Korean War was stalemated. Eisenhower ended the impasse in a hurry. He secretly got word to the Chinese that he would drop nuclear bombs on North Korea unless a truce was signed immediately. In a few weeks, the Chinese called for a truce and the Korean War ended.”

Like Ike, Nixon knew that there was no point in bluffing; your future credibility was on the line. Diminished credibility, if you’re a super power, could be a dangerous thing.

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

History Tells Us to Own Gold When Central Banks Run Out of Control

June 20, 2020

HISTORY TELLS US TO OWN GOLD WHEN CENTRAL BANKS RUN OUT OF CONTROL

“Extraordinary Popular Delusions and the Madness of Crowds” happen with regular intervals as Charles Mackay wrote about. It seems that the world experiences more delusions and madness than truth and sanity.

The pattern is always the same. The economy is never in equilibrium but moves in cycles of boom and bust. If these cycles were allowed to take their natural course, they would move up and down in a steady rhythm without reaching extremes at the top or bottom.

GOVERNMENTS’ PRIME OBJECTIVE IS TO BE REELECTED BY BUYING VOTES

But human psychology and hunger for power prevent these natural cycles from taking place. Most leaders, whether they are kings or presidents, all have fear of failure combined with illusions of grandeur. As the economy peaks and the good times come to an end, they know that the best chance of not being ejected is for the good times to continue. Today’s leaders’ primary objective is to hang on to power by buying votes.

And how can they buy votes when the economy is turning down and the coffers are empty? Easy! You just print money out of thin air, as I discussed in my article a couple of weeks ago. The Romans did it, and so did the French, the Brits, Germans, Argentinians, and everyone else.

PRICES DON’T GO UP – VALUE OF MONEY GOES DOWN

Initially, when a country prints money to extend the prosperity, nobody notices that it is fake. After all, they are still called dollars or pounds. But gradually things become more expensive. The popular interpretation of increasing prices is calling it inflation. Nobody actually notices or understands that it is not prices going up but the value of the money going down as more and more which has zero value is issued.

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

Forced Liquidation

March 27, 2020

Forced Liquidation

Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment when the financial world broke with reality. Was it when Nixon slammed the “gold window” shut? When “maestro” Alan Greenspan first bamboozled a Senate finance committee? When Pets.com face-planted 268 days after its IPO? When Ben Bernanke declared the housing bubble “contained?”

If our reality is a world of human activity, then finance is now completely divorced from it for the obvious reason that, for now, there is no human activity. Everyone, except the doctors and nurses, and some government officials, is locked down. So, the only other thing actually still out there spinning its wheels is finance and, to those of us watching from solitary confinement, it is looking more and more like an IMAX-scale hallucination with Dolby sound.

How many mortals can even pretend to understand the transactions now taking place among treasury and banking officials? On their own terms – TALFs, Special Purpose Vehicles, Commercial Paper Funding Facilities, Repo Rescue Operations, “Helicopter Money” – stand as increasingly empty jargon phrases that signify increasingly futile efforts to paper over the essence of the situation: the world is bankrupt. It’s that simple.

The world is locked down and in hock up to its eyeballs. It faces what the bankers euphemistically call, ahem, a “work-out,” which is to say, a restructuring. The folks in charge are resisting that work-out with all their might, because it will change many of the conditions of everyday life (especially theirs), but it is coming anyway. When debt can’t be paid back, money vanishes. Money isn’t capital, but it represents capital when it is functioning. When it isn’t functioning, it stops being money. Now the whole world realizes that the debt can’t be paid back, will never be paid back… and that’s the jig that’s up.

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

Every Bubble Eventually Finds its Pin

December 6, 2019

Every Bubble Eventually Finds its Pin

The transfer of wealth from workers and savers to governments and big banks continued this week with Swiss-like precision. The process is both mechanical and subtle. Here in the USA the automated elegance of this ongoing operation receives little attention.

NFL football. EBT card acceptance at Del Taco. Adam Schiff’s impeachment extravaganza. You name it. Bread and circuses like these – and many others – offer the American populace countless opportunities for chasing the wild goose.

All the while, and with little fanfare, debts pile up like deadwood in Sequoia National Forest. These debts, both public and private, stand little chance of ever being honestly repaid. According to the IMF, global debt – both public and private – has reached an all-time high of $188 trillion. That comes to about 230 percent of world output.

Certainly, some of the private debt will be defaulted on during the next credit crisis and depression. But when it comes to the public debt, governments do everything they can to prevent an outright default. Central banks crank up the printing press and attempt to inflate it away.

After Nixon temporarily suspended the Bretton Woods Agreement in 1971, the money supply could be expanded without technical limitations. This includes issuing new debt to pay for government spending above and beyond tax receipts. Hence, since 1971, government directed money supply inflation has been the standard operating procedure in the U.S. and much of the world.

Downright Disgraceful

Expanding the money supply has the effect of dissipating wealth from the currency. The process allows governments, which are first in line to spend this newly created money, a back door into your bank account. Without levying taxes, they get access to your wealth and future earnings and leave you with money of diminished value.

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

The Zeitgeist Knows

June 3, 2019

The Zeitgeist Knows

Who said the global economy was a permanent installation in the human condition? The head cheerleader was The New York Times’s Tom Friedman, with his 1999 book, The Lexus and the Olive Tree, the trumpet blast for the new order of things. Since then, we partied like it was 1999, with a few grand mal seizures of the banking system along the way, some experiments in creating failed states abroad, and the descent of America’s middle-class into a Disney version of Hieronymus Bosch’s Last Judgment — which is kind of what you see on the streets of Los Angeles these days.

Guess what: the global economy is winding down, and pretty rapidly. Trade wars are the most obvious symptom. The tensions underlying that spring from human population overshoot with its punishing externalities, resource depletion, and the perversities of money in accelerated motion, generating friction and heat. They also come from the fact that techno-industrialism was a story with a beginning, a middle, and an end — and we’re closer to the end than we are to the middle. There will be no going back to the prior party, whatever way we pretend to negotiate our way around or through these quandaries.

The USA-China romance was bound to end in divorce, which Mr. Trump is surreptitiously suing for now under the guise of a negotiated trade rebalancing. The US has got a chronic financial disease known as Triffin’s Dilemma, a set of disorders endemic to any world reserve currency. The disease initially expressed itself in President Nixon’s ditching the US dollar’s gold backing in 1971. By then, the world had noticed the dollar’s declining value trend-line, and threatened to drain Fort Knox to counter the effects of holding those dollars. Since then, all world currencies have been based on nothing but the idea that national economies would forever and always pump out more wealth.

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

Watergate—the First Deep State Coup

March 23, 2019

Watergate—the First Deep State Coup

James Fulford writes: The Mueller Report, which was supposed to be about alleged “Russian collusion” with Trump, is due out, and many people in the Democrat/Media conglomerate are hoping for a rerun of Watergate, which they think of as a victory for the Rule of Law. It wasn’t, and we need to have one of those famous “conversations” about what it was, and why it mustn’t happen again.

In 1972, Richard Nixon was reelected with 520 electoral votes. He was running on winning the Vietnam War and also fighting a War on Crime. His opponent, George McGovern (17 electoral votes) was running on a plan to lose the Vietnam War, and surrender on the War on Crime.

But by August 1974, Nixon was removed from office, and in April 1975, Vietnamese Communist troops occupied Saigon. What finished off South Vietnam was the “Watergate Congress” which voted to cut off all supplies. For details see James Webb’s Peace? Defeat? What Did the Vietnam War Protesters Want?American Enterprise Institute, May/June 1997.

Who did this? Well, the Democrat-controlled Senate investigated the hell out of a break-and-enter committed by Republicans, which they never did when LBJ, JFK, Truman, and FDR engaged in similar activities. See It Didn’t Start With Watergate , [PDF]by Victor Lasky, published in 1977. On the Senate investigative staff was a young, far-Left Wellesley graduate named Hillary Clinton.

The Democratic media, which hated Nixon with the same kind of hate they now display towards Trump, did the same thing, led by the famous Woodward and Bernstein, who probably get too much “credit” for this.

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

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