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The Corrupt System Will Never Police Itself
The Corrupt System Will Never Police Itself
False hope breeds crippling apathy – This is what I have to think to myself when I see the news media fervor over the second arrest of billionaire Jefferey Epstein, or similar events which in most cases end up fading into the background and forgotten. The public’s favorite distraction has always been to watch high profile people kicked out of their castles in the clouds, but I would point out that even when the globalists sacrifice one of their own in the public eye it is usually only to satiate the masses and their hunger for justice for a very short time. The system is not designed to root out evil; it is designed to obscure and perpetuate evil.
Epstein is a perfect example of this. He was already prosecuted on pedophilia charges over 12 years ago and received a “sweetheart” plea deal which allowed him to serve a mere 13 month sentence. How many child rapists get that kind of treatment in our court system? And what about the vast array of people (including political leaders) that were close friends and associates with Epstein during his “Lolita Express” days? Are we really to believe they knew nothing about what was going on? That they visited his island and never saw any wrongdoing?
Why didn’t they come forward immediately? Why did they wait until Epstein was already being prosecuted before they publicly admonished him? Is it because they were involved in the same activities? And if so, why have they not been prosecuted as well?
My point is, people should lower their expectations that justice will be served or that the “dominoes will fall” in the Epstein case.
…click on the above link to read the rest of the article…
Pension / Retirement Crisis Is Becoming An Underfunded ‘Tsunami’ According to The SEC
Pension / Retirement Crisis Is Becoming An Underfunded ‘Tsunami’ According to The SEC
We have detailed this problem over the past 3-4 years warning people about how bad the pensions around the nation have become nothing more than another ponzi scheme. Most, if not all, state, local and federal pension programs are underfunded by 40% or more.
What we stated a mere two months ago, in September 2018!
The steam that is building began in earnest in 2012 and has been picking up speed ever since. Look no further than some of the recent events we have documented time and again – Detroit, CALPers, Jeremy Stein, Teamsters and Dallas Pension Fund. All of these events have taken place in less than five years. What will the next four-plus years bring? How much longer should one sit on their hands and watch as thousands upon thousands of people either have retirement stolen or placed on lock-down as is the case with the Dallas Police Pension fund?
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We have studied, researched and written about this for well over four years. Harry Markopolous, in 2011, tried to warn us about the ongoing theft, within the pension funds, on a daily basis by the banking cabal – link. CALPers pension program is north of 50% underfunded and losing a little more each and every quarter. – link. These are merely two of the articles that paint a picture of a tsunami of pension bankruptcies in the near future.
That’s a lot of people around the country that are directly impacted by unfunded, underfunded or otherwise completely insolvent pension funds.
It appears either the Forbes writer Elizabeth Bauer or SEC Commissioner Kara Stein read the article we published in September as they are now using the exact same language we used in September – ‘tsunami’ of pension failures.
…click on the above link to read the rest of the article…
Is Germany Moving SWIFT-ly To CIPS?
Is Germany Moving SWIFT-ly To CIPS?
The Federal Reserve Note (FRN), U.S. dollar is under attack in a variety of ways. We have been documenting the astronomical growth of the yuan backed futures oil contract and how this is going to impact the FRN and the American economy. We have also pointed out that Russia has dumped approximately 82% of their entire U.S. treasuries and Turkey recently announced they will be offloading approximately 50% of their treasury holdings.
At the most recent BRICS Summit, held in July, one of biggest take-aways was the fact the BRICS alliance was in talks with Turkey and the possibility of Turkey, which is a NATO “partner”, could join BRICS! This is to say nothing of China, which heads the BRICS alliance, is also in talks with Argentina and Venezuela.
Now we learn that Germany is on board with moving away from SWIFT and the “trade wars”, sanctions against Russia and President Trump forcing NATO “partners” to pay up. President Trump’s actions have pushed Germany away from their alliance with the U.S.. The German / Russian partnership is very important to the overall German economy and Trump’s recent demand that Germany stop doing oil business with Russia seems to have pushed them over the edge. There may be more at play here, but most all geopolitical issues in the 21st century boil down to oil, oil production and how to get the cheapest oil possible.
…click on the above link to read the rest of the article…
China’s Oil Futures Contract Is Beginning to Show Its Teeth
China’s Oil Futures Contract Is Beginning to Show Its Teeth
So far so good. Petrodollar will be showing signs of wear-and-tear in the very near future.
We have been documenting the demise of the dollar hegemony for the past several years and the past two years the pace of the demise seems to be moving like a rocket. All the little details since the global financial meltdown in 2008 are now converging and one of the biggest pieces is now showing its teeth – the Chinese oil futures contract priced in yuan is growing in such a way that by the years end, at the current pace of growth, this contract will present a real challenge to the petrodollar.
China’s newly-launched crude oil futures on the Shanghai International Energy Exchange saw its trading volume surge to a record high in early June, a positive sign that a wide variety of financial market players have been keen to contribute liquidity into the new derivative market.
The trading volume for the front-month September delivery crude futures contract was recorded at 275,006 lots last Friday, the highest since it was launched on March 26, and nearly seven times the 40,656 lots seen on the first trading day, data from INE’s website showed.
This normalizes to 137,503 lots based on international practice, as INE counts each side of a trade – the buy and the sell — as two lots. One lot is equivalent to 1,000 barrels. That means around 137.5 million barrels of crude oil changed hands on paper last Friday, S&P Global Platts calculations showed.
INE crude oil futures’ trading volume has been rising steadily since the launch on March 26, with the average daily volume seen at 69,055 lots in April and 170,554 lots in May — a rise of 147% month on month. Source – Platts
…click on the above link to read the rest of the article…
The Police State Takes A Giant Leap Towards Pre-Crime
The Police State Takes A Giant Leap Towards Pre-Crime
If you think we still have privacy rights or a 4th Amendment you are living in the past. Technology has moved past our individual rights and technology is now determining what day and time a crime will be committed in your neighborhood and produce a list of suspects that need to “questioned” prior to a crime being committed. Technological profiling.
Wearing a head cover that’s new to you? Well, it could mean you’re about to commit a crime. Show up in an area for the first time? Well, why are you there and what are you doing? Sounds like criminal activity to me.
You’re guilty for being human and simply living your life according to your beliefs. The police state will not allow you to be, nor it will it allow you to explore new areas, dress differently and if you do, you will categorized, profiled and a note added to your file for future reference.
Technology has been transforming every aspect of society, including revolutionary new capabilities for police departments from tattoo-recognition technology to the growing use of drones. The June edition of Wired magazine explores this topic. Wired editor-in-chief Nicholas Thompson joins “CBS This Morning: Saturday” to discuss the kind of devices officers are using and why they are prompting concerns about racial profiling and privacy. Source – CBS This Morning
I always knew tattoo’s were a bad idea for me and now I know why. My guess is the technology is currently, or will be soon enough, that will be able to determine the ink type, profile of the ink in the tattoo and be able to pin-point where the tattoo was created.
Nicholas Thompson, while not exactly gleeful over the situation, he is not expressing a level of concern this situation warrants. What is being described is straight out of the movie Minority Report and George Orwell’s 1984.
…click on the above link to read the rest of the article…
Bilderberg Meetings – Just An “Occasional Supper Club”?
Bilderberg Meetings – Just An “Occasional Supper Club”?
The European online “news” service, Independent, published an article about this years annual Bilderberg meeting being held in Italy. Why is it wherever Bilderberg goes economic chaos follows? Remember Greece? Greece was tagged on both sides of their economic problems first in 2008 at the beginning of their problems and then again in 2017 after Prime Minister Tsirpas had sold his soul and betrayed the people to the Troika.
As the Independent described the annual meeting.
Annual meeting of American and European elite attracts huge amount of suspicion and paranoia but is it really just an ‘occasional supper club’? Source
Not really sure I would describe these meetings as a “supper club”. More like a club meeting of treasonous criminals coming together to decide issues like the EuroZone, the euro currency and the like. When you have global corporate heads and government officials from around the world meeting behind closed doors with a 100% complicit media blackout this is the very definition of treason. The media is happy to oblige the request for secrecy.
A collective of elite North American and European politicians, business leaders, financiers and academics, the group has attracted a good deal of suspicion over the last half-century, with conspiracy theorists confidently asserting that its members are plotting the New World Order and are hell-bent on global domination.
Protesters who believe the Bilderbergers represent a “shadow world government” regularly picket their yearly meet-ups, creating a need for high security at all times, but attendees insist the group is simply a debating society taking place outside the glare of the political spotlight. Source
Why would a bunch of “sign carriers” create enough of a threat to warrant high-powered, fully automatic, assault rifles for the protection of these treasonous meeting attendees?
…click on the above link to read the rest of the article…
Another Step Towards Collapse of Petrodollar
Another Step Towards Collapse of Petrodollar
For the past year and half a major topic throughout the alternative press has been the new Chinese oil futures contract settled/priced in yuan. The fact that China is directly challenging the Federal Reserve Note, U.S. dollar, is quiet a significant change. For those that have been paying attention this new futures oil contract is nothing more than the next step in China moving completely away from the Federal Reserve Note, and the “world reserve currency” system and towards a multi-polar world with several currencies being used for international trade.
Ken Schortgen, Jr., The Daily Economist, recently penned an article about Nigeria approving a currency swap agreement with China, stating,
It has been a little more than a month since China officially began offering oil futures contracts denominated in the Yuan currency, but early results continue to be positive for this contract to over time take more and more market share from the West and the Petrodollar. And with Iran, Qatar, and even Venezuela having already agreed to buy and sell their oil in currencies other than the dollar, a new currency swap agreement signed on May 3 between Nigeria and China could mean that a fourth OPEC nation could also soon be leaving the Petrodollar.
The Central Bank of Nigeria (CBN) has signed a currency swap deal worth about $2.5 billion with the People’s Bank of China to provide adequate local currency liquidity for transactions between national businesses, The Punch newspaper reported on Thursday, citing a high-ranking official from the Central Bank of Nigeria (CBN). Sputnik News
While China pursued currency swaps as far back as 1997, during the “Asian financial crisis”, none of the agreements were ever activated. That all changed with the global financial meltdown in 2008. China began actively pursuing, and instituting, direct currency swaps and even went so far as to open “Renminbi Clearing Centers” around the world including Canada, the backyard of the U.S.
…click on the above link to read the rest of the article…
Russia and China Lay Economic Foundation Based on Golden Rule
Russia and China Lay Economic Foundation Based on Golden Rule
We also continually report on gold moving from Western vaults to all points East. Most recently we discussed Kazakhstan and the importance of this nation both from a geographical position as well as natural resources like gold, rare earths and a wide variety of other elements within the borders of this growing nation.
One law that has stood the test of time is the golden rule – he who has the gold makes the rules. We also like the fact that JPMorgan, the man not the bank, stated in a congressional hearing that “gold is money and everything else is credit”. These two rules/laws working in conjunction with one another make for a formidable alliance. When you have natural rules/laws working together and nations begin forming alliances using these rules/laws as a foundation the rest of the world should take notice, but alias the Western world is more focused on “russia did it” than what Russia is actually doing.
“We (the Central Bank of the Russian Federation and the People’s Bank of China) discussed gold trading.
…click on the above link to read the rest of the article…
SoT #41 – Wolf Richter: How Will The Global Asset Bubbles Unfold?
SoT #41 – Wolf Richter: How Will The Global Asset Bubbles Unfold?
Stock bubble, credit market bubbles and housing market bubbles. Unfettered money printing by Central Banks globally have created massive bubbles of unprecedented proportions across all asset classes.
Once Government and the Central Banks lose the power to stop markets from going down, you’ll have situation that spirals out of control quickly. – Wolf Richter, The Shadow of Truth
Wolf sees China eventually emerging as the world’s new number one, but believes that first it must “cleanse” the massive excesses – asset bubbles fueled by a massive credit bubble – with a painful financial and economic correction.
He also thinks that there’s a strong possibility that the 30% stock market correction in China is a preview of what is coming to the United States:
I am convinced that it’s very difficult to impossible to make a significant amount of money in U.S. stocks going forward. I think they’re all pretty much overpriced – way overpriced. – Wolf Richter
The biggest problem Wolf sees with the United States is the Federal Reserve. The Fed’s money printing has enabled the Government to incur a massive load of a debt and enables Congress to operate free from any budgetary contstraints:
As long as the Fed keeps buying Government bonds, Congress does not need to address this country’s fiscal problems.
Finally, we take a look at the reinflation of the housing bubble by the Fed. Wolf is one of the few blog writers who offers insightful analysis on the housing market.
– See more at: http://thedailycoin.org/?p=35741#sthash.eL9uB69m.dpuf
