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Posts Tagged ‘Quantitative Easing’

The Fed Is Helping Facilitate Trailer Park Evictions | Mises Wire

Posted by M. C. on September 14, 2021

As the report explains, the government makes this scheme possible with easy financing through agencies such as Fannie Mae and Freddie Mac. Here’s how it works in a nutshell.

Nevertheless, the story completely misses the biggest player in this game—the Federal Reserve.

NPR asserts that the interest rates are low because the government backs the loans. That’s certainly part of the equation. But it’s the central bank that pushes interest rates to artificially low levels. And the Fed also makes it possible for these quasi-governmental agencies to continue to buy loans through its quantitative easing program.

https://mises.org/wire/fed-helping-facilitate-trailer-park-evictions

Mike Maharrey

The Federal Reserve is helping corporate real estate investors evict poor people from mobile home parks.

NPR highlighted the growing number of mobile home part evictions. According to the report, real estate investors continue to buy up mobile home parks across the US. They then raise lot rents and fees, and evict residents who can’t pay.

As the report explains, the government makes this scheme possible with easy financing through agencies such as Fannie Mae and Freddie Mac. Here’s how it works in a nutshell.

A company raises rates and fees in a park. That makes the park more valuable. So they can now borrow more money against it, kind of like when you refi your house and get cash out of the deal. They pull out, say, $3 million, and they use that to go buy another mobile home park. And then they do that again and again. It’s a cascade of borrowed money. And often, these loans are backed by the US government. They provide very, very low-cost debt for these investors to get enough cash out to go buy additional parks. The loans have super cheap interest rates because they’re guaranteed by Fannie Mae and Freddie Mac, the government-backed entities at the heart of the US mortgage market.”

NPR gets part of the story right. In fact, it’s pretty impressive that they didn’t just pin the blame on “greedy capitalists.”

Nevertheless, the story completely misses the biggest player in this game—the Federal Reserve.

NPR asserts that the interest rates are low because the government backs the loans. That’s certainly part of the equation. But it’s the central bank that pushes interest rates to artificially low levels. And the Fed also makes it possible for these quasi-governmental agencies to continue to buy loans through its quantitative easing program.

Fannie Mae and Freddie Mac don’t make the actual loans. Private banks do that. The banks then sell the mortgages on the secondary market. That’s where Freddie and Fannie step in. These government-backed enterprises buy mortgages and package them into “mortgage-backed securities” (MBS). As Investopedia explains, an MBS “represents an interest in the pool of mortgages. Like bonds, an MBS makes coupon payments to investors.”

By selling mortgages on the secondary market, banks also shed the risk inherent in lending money. When Fannie and Freddie buy a mortgage, they also buy the risk of non-payment. Securitizing the risk and selling mortgage-backed securities dilute the risk further. With multiple mortgages bundled together into one security, one or two defaults won’t have much impact on the MBS. But as we saw in 2007, when the entire housing market crashes, things snowball quickly.

Enter the Federal Reserve. It buys these mortgage-backed securities from Freddie, Fannie, and also Ginnie Mae. This provides these operations with a cash infusion that enables them to buy even more mortgages, meaning banks can sell more mortgages to Freddie and Fannie, and then turn around and lend more money.

The Fed’s intervention into the mortgage markets, along with its interest rate cuts, keep mortgage rates far below their natural levels. In effect, it juices the mortgage market. This is a big reason we’ve seen home sales boom and housing prices rise as the US economy emerges from the pandemic.

As governments shut down the economy in response to COVID-19, the Fed launched what we’ve called “QE infinity.” That crisis-mode monetary policy remains in place to this very day. As part of its extraordinary monetary policy, the Fed buys on average $120 billion in US Treasuries and mortgage-backed securities every month. Of that, the central banks spend about $40 billion per month buying MBS.

I should note that the Fed creates money out of thin air to buy these securities. This entire operation would be impossible were it not for the central bank’s ability to monetize the debt—“print” money to buy debt. In effect, Freddie and Fannie can buy all the mortgages it wants knowing that the Fed will take some of them off their hands and infuse them with more cash. The process obliterates any semblance of restraint in the mortgage market.

NPR stumbled into the truth when it identified Freddie Mac and Fannie Mae’s role in facilitating this takeover of mobile home parks. But they didn’t go far enough. They missed the wizard behind the curtain that keeps the entire scheme afloat—the Federal Reserve.

This is yet another way the Fed distorts the economy, drives misallocations of resources, transfers wealth from the poor to the rich, and generally wreaks havoc.

Originally published at SchiffGold. Author:

Contact Mike Maharrey

Michael Maharrey is the Communications Director for the Tenth Amendment Center. He also runs GodArchy.org and hosts the GodArchy podcast, both of which explore the intersection of Christianity and the state.

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Quantitative Brainwashing – Doug Casey’s International Man

Posted by M. C. on September 4, 2021

And yet, the primary objective of any government is to increase its size and power as rapidly as the populace will tolerate it. The only reason that they rarely do this quickly, is that they can’t get away with it. Like boiling a frog, it takes time to lull the populace into submission, bit by bit.

And, in order to make sure that the public do not figure out what’s been done to them, the news reporting becomes Orwellian in its endless repetition of a false narrative.

It is, however, true that, “You can’t fool all of the people all of the time.” Eventually, the Band-Aid peels back to reveal an infection that’s far beyond what had been generally perceived. It then falls away in layers, as increasing numbers of people become aware that they’ve been scammed – that the media is entirely corrupt and that the media’s owners – big business – have, with the enthusiastic compliance of the government, robbed them on a wholesale basis.

https://internationalman.com/articles/quantitative-brainwashing/

by Jeff Thomas

We’re all familiar with the term, “quantitative easing.” It’s described as meaning, “A monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.”

Well, that sounds reasonable… even beneficial. But, unfortunately, that’s not really the whole story.

When QE was implemented, the purchasing power was weak and both government and personal debt had become so great that further borrowing would not solve the problem; it would only postpone it and, in the end, exacerbate it. Effectively, QE is not a solution to an economic problem, it’s a bonus of epic proportions, given to banks by governments, at the expense of the taxpayer.

But, of course, we shouldn’t be surprised that governments have passed off a massive redistribution of wealth from the taxpayer to their pals in the banking sector with such clever terms. Governments of today have become extremely adept at creating euphemisms for their misdeeds in order to pull the wool over the eyes of the populace.

At this point, we cannot turn on the daily news without being fed a full meal of carefully- worded mumbo jumbo, designed to further overwhelm whatever small voices of truth may be out there.

Let’s put this in perspective for a moment.

For millennia, political leaders have been in the practice of altering, confusing and even obliterating the truth, when possible. And it’s probably safe to say that, for as long as there have been media, there have been political leaders doing their best to control them.

During times of war, political leaders have serially restricted the media from simply telling the truth. During the American civil war, President Lincoln shut down some 300 newspapers and arrested some 14,000 journalists who had the audacity to contradict his statements to the public.

As extreme as that may sound, this practice has been more the rule in history than the exception.

In most countries, in most eras, some publications go against the official story line and may very well pay a price for doing so. But, other publications go along with the official story line to a greater or lesser degree and are often rewarded for doing so.

It should come as no surprise, then, that media outlets often come to report the news in a less than accurate manner.

Mark Twain is claimed to have said, “If you don’t read the newspaper, you’re uninformed. If you do read the newspaper, you’re misinformed.” Quite so.

Still, only fifty years ago, much of the then “Free World” enjoyed a relatively objective Press. Even on television, reporters such as Walter Cronkite, Huntley and Brinkley, etc. presented the news in a bland manner. It wasn’t very exciting, but at least it was relatively balanced and, to this day, most people who were around then still have no idea as to whether reporters like Walter Cronkite were liberal or conservative. Although he was a committed Democrat, he never allowed that to significantly colour his reporting.

But today, we have a very different corporate structure as regards the media. The same six corporations hold the controlling interest of over 80% of the media. And those same corporations also own a controlling interest in the military industrial complex, Wall Street, the major banks, Big Pharma, etc.

What we’re witnessing today is media having been transformed into something more akin to a three-ring circus than journalism of old. This is no accident.

The present travesty that is the 21st century media, is journalism in name only.

So, why should this be so?

Well, as it happens, people tend not to like governments dominating their lives – simple as that.

And yet, the primary objective of any government is to increase its size and power as rapidly as the populace will tolerate it. The only reason that they rarely do this quickly, is that they can’t get away with it. Like boiling a frog, it takes time to lull the populace into submission, bit by bit.

Once having had enough time to do so, there comes a point at which the government becomes woefully top-heavy, as well as unworkably autocratic. At such times, all that’s necessary to make people rebel is an economic crisis.

Such is the case in much of the world today – the EU, the US, Canada, etc.. Even in their arrogance, the powers that be have to be aware that they’re right at the tipping point. An economic crisis would almost certainly push the situation over the edge.

When truth threatens to undermine machinations for self-aggrandizement, individuals tend to obfuscate in order to delay the inevitable fallout. Governments are no different.

So it was that, in 1999, the largest banks entered into a massive lending scam that would most certainly collapse within a decade. However, before putting the scam in place, they arranged for a “bailout” by the government, which would effectively pass the bill to the taxpayer, while the banks themselves simply increased their own wealth massively.

Of course, QE, as massive as it was, was a mere Band-Aid solution. All those involved (big business and the government) understood that it would hang like a sword of Damocles over the economy until it inevitably came crashing down – a fate far worse than if QE had never been implemented.

And so, for those entities to have invested into the domination of the media was, in fact, essential. Had they not done so, it’s entirely likely that, with a free press, the man on the street would, by now, have figured out that he’d been hoodwinked.

Thus do we see the journalistic equivalent of Quantitative Brainwashing, in which the inevitable realization is delayed for as long as possible.

And, in order to make sure that the public do not figure out what’s been done to them, the news reporting becomes Orwellian in its endless repetition of a false narrative.

It is, however, true that, “You can’t fool all of the people all of the time.” Eventually, the Band-Aid peels back to reveal an infection that’s far beyond what had been generally perceived. It then falls away in layers, as increasing numbers of people become aware that they’ve been scammed – that the media is entirely corrupt and that the media’s owners – big business – have, with the enthusiastic compliance of the government, robbed them on a wholesale basis.

Historically, that’s when the jig is up. What happens then is a matter of historic record.

Editor’s Note: It’s clear the Fed’s money printing is about to go into overdrive. The Fed has already pumped enormous distortions into the economy and inflated an “everything bubble.” The next round of money printing is likely to bring the situation to a breaking point.

We’re on the cusp of a global economic crisis that could eclipse anything we’ve seen before. That’s precisely why bestselling author and legendary speculator Doug Casey just released this urgent video. Click here to watch it now.

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The Twilight Zone – A Long Overdue Economic Crisis

Posted by M. C. on August 11, 2020

https://internationalman.com/articles/the-twilight-zone/

by Jeff Thomas

“Imagine if you will, a situation in which the economy of a nation is overdue to experience an economic collapse of epic proportions, but remains endlessly at the brink. Every day, a collapse is more likely, yet the economic house of cards remains in a state of suspended animation. Some people become increasingly edgy, while others become more complacent. Only a few choose to actually prepare for what’s coming.

“An impossible situation? Yes. But we’d be well-advised to recognise that it couldn’t only occur… in the Twilight Zone.”

For those old enough to remember The Twilight Zone, the quirky “what if” American television programme, this episode introduction by host Rod Serling would seem to fit right into the show’s format.

The programme ran from 1959 to 1964, presenting somewhat unreal twists on the normal world we live in. Each episode would examine how people would deal with the episode’s situation and generally end with a moral lesson from Mister Serling as to the nature of mankind.

Strangely, the above episode, as unlikely as it might have seemed a mere decade ago, is playing out in real life.

Stocks are climbing in price, whilst dividends are in decline or, for some of the fastest-growing companies, non-existent. Bonds are a worse bet, yet a bond bubble of epic proportion exists. The world’s governments are dumping US debt, yet the Fed is buying billions of dollars of debt each month.

Indeed, debt is now growing at least twice as fast as the economy that must pay for it.

Quantitative Easing was invented to bail out banks in 2008, but continues to this day, long after the problem was claimed to have ended.

Benefits from Welfare and Social Security programmes are at an all-time high, yet they’re underfunded to the point of certain collapse in the near future, independent of the other impending economic calamities.

Meanwhile, multiple unnecessary wars are being waged at a staggering cost to a nation that’s already insolvent, yet additional countries are being threatened with possible warfare if they don’t “behave.”

We’re in the extraordinary situation of being in the longest boom period in history, yet there’s no real boom, only the illusion of one.

At such a time, it would be predictable that those who have become worried would flood toward precious metals, as they have done for thousands of years, whenever the economic situation became untenable. Yet only a tiny portion of the world’s population are doing so.

Never in history have the major economies of the world been in an economic bubble that includes virtually everything. And yet, incredibly, this situation has existed for over a decade. Technically, we’ve been in a depression since 2007 and yet the bubble that should have burst back then simply keeps growing.

So, does this mean that the age of crashes is over, that the bubble can expand forever without bursting?

Well, no. The bubble will most certainly burst, and the more inflates, the worse the eventual debacle will be.

We’re therefore in a state of suspended animation, waiting for the shoe to drop.

Some of the best economic minds began to warn about the coming crash as its causes began to take shape decades ago. And almost to a man, they predicted that it would have taken place already, at least five years ago.

But how might they have estimated a possible date for such an event? Economic crashes are notoriously difficult to pin down as to timing.

Well, all of them (and here I must include myself) made the assumption that conditions would have become so economically unsupportable by now that surely a collapse would have been a virtual certainty.

And in this we were conceptually correct. Where we were mistaken was that all logic supported the assumption that, once conditions had reached that point, money would begin to exit the system, ensuring a crash.

Historically, this is always what happens. When a crash is near, the smart money makes an exit. Yet, this time around, whenever money has left the system, it has been replaced by dramatically increased debt, obscuring the fact that the smart money has begun its exit.

Therefore, we’ve continued to appear as though we remain in a boom – the longest boom in history. Unfortunately, the vast majority of people are unable to recognize the plethora of signs that are indicating that the economy has been hollowed out.

In addition, stats like inflation and unemployment have been fudged ever since the Clinton administration, to mislead the population into believing that they’ve not risen to depression levels.

The icing on the cake has been that the media – 80% of which are owned by the same six Deep State corporations – deliver a daily message that the economy is on the rise and the public should “buy, buy, buy!”

Not surprisingly, those who provided an early warning to the coming economic crisis are regularly told, “You’ve been crying, ‘Wolf!’ for years. The crash hasn’t happened. You were wrong.”

And this criticism is not unearned. There’s no question that the timing has been prolonged beyond all expectations. However, the fundamentals remain the same and, today, are far more pronounced than they were in 2007.

Back then, we expected a small crash, which did occur, followed by the “eye of the hurricane,” a quiet period of three to five years when a false recovery would take place.

That “eye” proved to be artificially expanded by the Deep State’s diverse players, to the ultimate detriment of virtually all people.

The second, major crash – predicted prior to 2007 to occur several years after the 2007 minor crash – is not only still looming; it’s more certain than ever before. The fundamentals remain the same and will reach their logical conclusion.

To be sure, this has led those economists who have been tracking the pending economic debacle for decades, to have the sensation of suspended animation for several years.

Not surprising then, that the present state of affairs seems like an episode of The Twilight Zone, with the unfortunate twist that this is not a television show; it’s an artificially delayed reality.

Editor’s Note: We’re on the cusp of a economic crisis that could eclipse anything we’ve seen before. And most people won’t be prepared for what’s coming.

That’s exactly why bestselling author Doug Casey and his team just released a free report with all the details on how to survive an economic collapse. Click here to download the PDF now.

 

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The Fed Has Sufficient Tools—to Wreck the Economy | Mises Wire

Posted by M. C. on March 17, 2020

https://mises.org/wire/fed-has-sufficient-tools%E2%80%94-wreck-economy?utm_source=Mises+Institute+Subscriptions&utm_campaign=bafe818a8f-EMAIL_CAMPAIGN_9_21_2018_9_59_COPY_01&utm_medium=email&utm_term=0_8b52b2e1c0-bafe818a8f-228343965

In its emergency announcement on Sunday evening, the Fed assured us that it “is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.” The Fed put its (fiat) money where its mouth is by announcing a host of programs. It cut its target interest rate by 1 percent to zero and reinstituted quantitative easing, pledging to purchase $700 billion worth of Treasury securities and agency mortgage-backed securities over the coming months. This is in addition to $1.5 trillion in temporary overnight and term repurchase operations that it announced two days ago. Separately, the Fed issued a coordinated announcement with a number of other central banks, including the Bank of England, Bank of Japan, and the ECB that the interest rate on dollar swap arrangements would be cut by 0.25 percent and 84-day maturity swap lines would be added to the current seven-day dollar swap lines. In yet another announcement, the Fed slashed the rate at its discount window by 1.5 percent to 0.25 percent and its reserve requirements for all banks and other depository institutions to 0 percent.

In the wake of these announcements, some commentators questioned whether the Fed has run out of “tools” to deal with the impending recession and recovery. Former Fed vice chair Donald Kohn was ambivalent, writing, “They are not out of tools, but they’ve used the biggest tool they have, the interest rate tool, the one that’s been proven over the years to work the most effectively.” Michael O’Rourke, chief market strategist at JonesTrading, took a dimmer view of the Fed’s predicament, declaring:

They blew it. The Fed panicked and the market is spooked. The S&P 500 registered all time highs less than a month ago and the Fed has expended all its conventional and unconventional tools.

Meanwhile policymakers rushed to reassure markets and the public that the Fed had or would obtain the tools they required to keep a panicked economy on an even keel. Secretary of the Treasury Steven Mnuchin indicated that he would request additional tools for the Fed that it was deprived of by Dodd-Frank legislation: “Certain tools were taken away that I am going to go back to Congress and ask for.” And Fed chairman Powell assured reporters that the Fed still has sufficient tools available to shepherd the economy through the COVID-19 crisis and guide its recovery.

But what are these “tools” that have policymakers, financial practitioners, and commentators so worked up? Renewed quantitative easing, the zero interest rate target, 84-day dollar swap lines, special repo facilities at the New York Fed, zero reserve requirements, etc., are nothing but cunning and arcane techniques for conjuring additional trillions of dollars out of thin air and pumping them into the global economy. Since its inception the Fed has always had one and only one tool for manipulating the economy: printing money. And this tool will never dull or break, and can be used again and again under any and all circumstances short of hyperinflation.

The real question is whether this tool will work to mitigate the economic contraction that will inevitably follow the supply-side shock of the COVID-19 epidemic and the deflation of the equity bubble (possibly followed by deflation in other asset markets). Common sense and basic economic theory tell us that the writing up of digital dollar balances will not alleviate the greater scarcity of concrete goods and services goods caused by shuttered factories and commercial establishments and by the lowered productivity of employees forced to work at home. Furthermore, the Austrian theory of the business cycle as illustrated by recent history does not encourage optimism that the imminent deluge of new dollars will encourage a swift and robust recovery from the impending recession. In fact, from 2010 to 2019, the US money supply (M2) increased by 80 percent, from $8.475 trillion to $15.243 trillion, and yet the US economy experienced a painfully protracted recovery from the post–financial crisis recession, followed by historically slow real output growth during the “boom” period despite the fact that asset market bubbles formed. Quarterly real GDP growth fluctuated between 1 and 3 percent during this period, except for five quarters in which it slightly exceeded 3 percent.

Most important, the announced expansionary policy could not be more ill timed. For it is imperative during a contraction of the economy caused by war, natural disaster, or epidemic that the price system be left free and unhampered to reveal the most valuable uses of productive resources whose quantities have been substantially reduced. Only this policy will facilitate the optimal path to a temporarily smaller economy and ensure that the most pressing demands of consumers are met during a period of greater resource scarcity. Unfortunately, the stated intent of the new Fed policy is precisely to stabilize the economy, that is, to prop up and maintain firms, industries, and productive activity as they were in the status quo ante. But this is clearly impossible given the shrunken supplies of the factors of production. By inundating the economy with money the Fed will not succeed in miraculously expanding these supplies but instead will distort the price structure and promote misallocation, malinvestment, and the waste of productive factors, thereby deepening and lengthening the recession.

 

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Yellen's Self-Serving Assessment: Fed Is "Doing Pretty ...

A Fed “tool”

 

 

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Was the Coronavirus Created as Cover for the Imminent Economic Collapse? – LewRockwell

Posted by M. C. on March 12, 2020

I doubt the US government could pull this off in a controlled manner.

I believe it would try. I believe it would screw the whole thing up.

There is little comment I have seen regarding a weapons lab accidental release. That I can believe.

https://www.lewrockwell.com/2020/03/gary-d-barnett/was-the-coronavirus-created-as-cover-for-the-imminent-economic-collapse/

By

A USA Today headline this morning indicated that the Dow was diving as virus concerns counter hope for fiscal steps.

U.S. stocks teetered on the edge of a bear market Wednesday as worries persisted over economies reeling from the coronavirus outbreak.”

“Concerns have grown that a prolonged outbreak may bring on a recession.”

“Goldman Sachs forecast that the longest ever bull market “will soon end” after 11 years.”

“Both the real economy and the financial economy are exhibiting acute signs of stress, analysts at Goldman Sachs said”.

Panic has certainly settled in, and that was no accident. One thing for sure in my mind is that this crisis was created, and not accidental. Regardless of the severity of this so-called virus, in the end, as has happened on multiple occasions before with MERS, SARS, West Nile, swine Flu and others, it is likely that all the wild predictions will once again prove to be overstated or downright false. But the serious economic fallout will remain. The propaganda is being pushed at every level possible, from governments worldwide, to government “health” organizations, to all mainstream media, and from all those that stand to gain from this, including the pharmaceutical companies.

Many have been talking about the markets and economic risks apparent in this country and around the world for a long time. I began sounding alarms before 2008, and since that time have attempted to make aware the fact that from an economic standpoint, the markets and the economy have become much worse, and more suspect ever since. After all the manipulation, the Quantitative Easing (QE), and the continued debt growth, it seemed apparent that a massive economic failure was likely in the future. Is that damning future about to come to fruition? Do the controlling powers that have created this likely economic disaster understand this, and seek to place blame on this new coronavirus outbreak as the cause of all financial ills to come? Was this new coronavirus (COVID-19) purposely created and released so that central bankers, investment bankers, corporate heads, and government puppets could use it as cover for an imminent economic collapse that has become impossible to contain? This in my opinion is a distinct possibility. Political convenience at this level is rarely accidental.

With any financial collapse in the wake of a pandemic, real or not, control over world populations is much easier to implement. Once martial law or medical martial law is in place due to panic, all of society is crippled in the sense that individual liberty and power is lost, economic freedom is restricted, and societal controls such as quarantine become reality. All monetary policy rules will be non-existent, as scrutiny for these tyrannical measures will be lacking during times of extreme strife. In other words, total control of entire populations becomes possible, and without some sort of mass uprising, there is little that any individual can do in situations like these. As James Corbett so rightly said, this panic will cause the cures to be much worse than the disease. But was that the plan all along?

This virus has become a Trojan horse for total population control, but what is the primary objective of those creating this panic? What end game is sought and why? What other factors are guiding these policies, and who stands to benefit? Was this so-called pandemic meant to be a false flag event in order to cover-up a much larger problem? Answers to these questions are not perfectly clear at this point, but given the severity of the panic and mind control of the public, these questions should be asked.

One thing that is certain in my mind is that this virus is purposely being blown out of proportion. Because of this, extreme population control measures have been put into place around the world There is a reason for this maniacal hysteria, and if it has been manufactured as an agenda, as I believe to be the case, that agenda would have to be sinister. It would also indicate that something very dangerous is lurking just behind the curtain, and exposure is not desired. This should not be ignored.

As I write this, world markets are in turmoil, economies are struggling, travel and movement are being more and more restricted, quarantine is rampant, and has reached the U.S. Globalists are gaining strength, and with all this, the stupidity of humans is now exposed for all to see.

Anyone succumbing to the headlines, and especially the predictions, is likely to go insane. There are projections that up to 70% or more will get this dreaded virus, and many millions will die. Quarantine is becoming universal, and getting worse by the moment, and this virus as it is called, will spread wildly around the world with no possibility that any can escape the risk. As of today even with this much hype, there has been outside of China, only 1,417 deaths reported worldwide due to COVID-19. All this while according to U.S. News, the CDC reported as of February 21, that 26 million Americans have fallen ill with flu-like sickness just this flu season so far, 250,000 have been hospitalized, and at least 14,000 have died. Given this comparison, is it not obvious that government deception is more than evident?

Fear is dictating the behavior of the masses, and this looks to be a planned outcome. Entire populations are allowing themselves to be manipulated. People are accepting quarantine, medical martial law, and all other forms of medical dictates. Many are being harmed by the horrible economic ramifications of this madness, and families are being torn apart.

It is time to fight back, and to find the real cause of this manufactured panic. This panic is desired by those at the top, so what is the real agenda here? Why is this happening, and what is being hidden from view? I believe there is a connection between this faltering economy and this most likely false pandemic. That connection seems clear, and the timing is very suspicious. There is massive deceit and lies are ever present, but the worst is yet to come. As the Federal Reserve pumps $175 billion more today into the banking system, can any not connect the dots? Is the end of our financial system now in sight?

Today the WHO just declared the coronavirus a global pandemic, and all hell is about to break loose. In this environment, natural freedom will become a faded memory.

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Doug Casey on What the International Ruling Class Have Planned for You

Posted by M. C. on February 1, 2020

Davos people see the common man as the real problem.

And leading the charge is Davos attendee Greta Thunberg. She’s emblematic of how thoroughly degraded this has become. Greta is a manufactured celebrity. She came out of nowhere last year; massive but completely undeserved media attention made her into one of the planet’s most famous people. It’s not just laughable, but amazing, that a high school sophomore—with no knowledge or experience—has become a world opinion leader.

https://internationalman.com/articles/doug-casey-on-what-the-international-ruling-class-have-planned-for-you/

by Doug Casey

International Man: No matter the problem, the prescription of the Davos crowd is always more welfare, more warfare, more money printing, more taxes, and of course, more centralization of power into global institutions.

What’s your take?

Doug Casey: The people who attend Davos are all welfare statists. They’re not necessarily socialists, insofar as they don’t want to see government nationalize industries. Most understand how totally dysfunctional that is and that they don’t really benefit from it. Strict socialism, defined as State ownership of the means of production, is off the table. They prefer economic fascism, where a powerful State can funnel wealth to the corporations the elite own or control. They’re happy to throw some table scraps to the unwashed masses, of course. Modern Monetary Theory (MMT) is the best way to do that.

Again, they’re not socialists. They’re welfare statists. Completely opportunistic and absolutely unprincipled. Despicable people, actually. Few are entrepreneurial, independent thinkers or free-market oriented. Those types would be disruptive at Davos, and if they’re ever invited, it would be only once.

Other than celebrities, court intellectuals, and publicity-oriented multibillionaires, the attendees are almost all bureaucrats and politicians who thrive on stolen money. But it’s no longer easily visible briefcases full of cash. That’s quaint in today’s world. They steal indirectly, by making sure they benefit from state regulations, state favors, and the inflation of the currency.

Bribes are in the form of tax-deducible donations to charitable foundations and nongovernmental organizations (NGOs). That’s not only much safer, but the money is vastly bigger, and the way it’s rigged adds to their prestige. Both making and taking a bribe disguises the miscreants as philanthropists and do-gooders when they use an NGO as a funnel.

But getting back to their economic views, they’re all for “quantitative easing.” Printing money—MMT—directly benefits the stock market. It raises corporate earnings, and much of the newly created cash directly boosts the prices of shares. It’s really sweet, if you’re an insider.

International Man: At this year’s event, climate change appears to be a big focus.

What are your thoughts on this?

Doug Casey: These fools love to talk about global warming, which they attribute to carbon dioxide. Their jets and limos are a small price to pay for the invaluable moral hectoring they give to the billions of hoi polloi.

Davos people see the common man as the real problem. And perversely, the common man believes what he’s told in the media—namely, that he is the problem. Pseudo science has become a new religion. It’s become a moral crusade against carbon, the one element that’s basic to all life; it’s now more hated than uranium, plutonium, or gold. Carbon is being pursued by a lynch mob of angry chimpanzees.

And leading the charge is Davos attendee Greta Thunberg. She’s emblematic of how thoroughly degraded this has become. Greta is a manufactured celebrity. She came out of nowhere last year; massive but completely undeserved media attention made her into one of the planet’s most famous people. It’s not just laughable, but amazing, that a high school sophomore—with no knowledge or experience—has become a world opinion leader. You may have heard her famous deranged rant, but just in case, here it is.

She has absolutely nothing going for her but things like anger, resentment, hatred, and fanaticism. No matter. The Masters of the Universe sit there as she scolds them for their evil in destroying the world and ruining her youth.

The silly little bitch is a frothing-at-the-mouth fanatic and suffers from several really severe psychological aberrations. She is to the world what Alexandria Ocasio-Cortez is to the United States. She will undoubtedly go into some multi-billion dollar NGO, where she can do a maximum of damage.

People value urgency, sincerity, and passion. Like Hitler, Mussolini, Lenin, Castro, and the like, she’s got plenty. And nobody dares say a word about it, because she’s been granted the moral high ground. This augurs very poorly for the future.

Probably the only intelligent words spoken at Davos this year came from Donald Trump, of all people, when he decried “prophets of doom,” referring to the global warming crowd.

Climate change has been around for about four billion years. And the biggest driver of it, by far, is the sun. Not carbon dioxide, a trace gas. There’s 20 times more argon, in the atmosphere. Without the sun, earth would be a ball frozen at about two degrees above absolute zero. Not counting the effects of cosmic rays, the planet’s changes in orbit and tilt, the solar system’s rotation around the galaxy, and a score of other critical factors. But these people don’t talk about that, because those things are totally and obviously beyond our control. Best to stick with carbon, which is proving helpful in controlling the masses.

International Man: Given the disastrous policies the Davos crowd has in the pipeline, what should the average person do?

Doug Casey: Treat these people with the respect they deserve—which is to say, treat them like drunks discussing the weather at a cocktail party. Davos is just a social gathering for people who have a busybody streak. It would be completely unimportant except for the fact the media says it’s important.

The only thing that surprises me about Davos is that the hustler who runs it hasn’t yet invited the Kardashians.

Editor’s Note: There’s no question the elite are eager to promote policies like negative interest rates, the abolition of cash, and mass migration. These trends are in motion, and are accelerating at a rapid rate.

It’s all shaping up to be a world-class disaster…

Be seeing you

Greta Thunberg Scolds Davos: Climate Demands 'Completely ...

 

 

 

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What a Nobel Peace Prize, the Federal Reserve, and endless war have in common | The Daily Bell

Posted by M. C. on August 22, 2019

War funding is the main reason the government needs this hidden tax power.

With the help of the Federal Reserve, about $8 trillion of the $22 trillion national debt was spent on the wars in the middle east since 2001.

https://www.thedailybell.com/all-articles/news-analysis/what-a-nobel-peace-prize-the-federal-reserve-and-endless-war-have-in-common/

By Joe Jarvis

It was ten years ago that Congressman Ron Paul released his book, End the Fed.

It immediately shot to number six on the New York Times Bestsellers list.

Paul’s message was that the Federal Reserve was created to bail out banks. It privatized profits for them and socialized losses for the rest of us.

He said the system works against us by killing competition among banks and hiding taxes through inflation.

He’s right. The Federal Reserve can create money out of thin air, and lend it to the government to spend. But increasing the supply of money– when it’s not backed by anything– leads to inflation.

That’s because there are more dollars chasing the same amount of goods in the economy. So every dollar is worth less.

But the government benefits from the value stolen from each existing dollar… because it makes each dollar of government debt worth less in the future. Therefore inflation is just a hidden tax.

War funding is the main reason the government needs this hidden tax power.

In 2009, nominations for the Nobel Peace Prize closed just 11 days after President Obama took office.

Later that year, The Nobel Committee selected Obama to receive the Nobel Peace Prize.

Somehow, they knew that Obama– the new Commander-in-Chief of a nation embroiled in two wars– was truly a peaceful man.

At the same time, the Federal Reserve went to work on “quantitative easing”– a.k.a printing money. Ostensibly to save the country from a recession, the Fed conjured up trillions of new dollars.

But as you know, the wars continued…then they expanded.

The US gave air support to Libyan rebels in 2011, ousting Ghadaffi. Ghadaffi was no angel, but at least the country was stable under his regime. Today Libya is lawless and serves as a breeding ground for terrorism. Open public slave-markets have returned to Libya after being virtually non-existent during Ghadaffi’s four-decade rule.

The same year, America’s Nobel-peace-prize-winning President escalated drone bombings in Yemen which continue to this day, causing countless civilian casualties.

And then the US started bombing Syria, siding with rebels in the fight against Bashir al-Assad. Again, not a great guy. Yet the opposition forces, which the US funneled weapons to, included ISIS…

By 2015, Obama had sent in US ground forces to stop ISIS from gaining a foothold in the country which the US destabilized.

With the help of the Federal Reserve, about $8 trillion of the $22 trillion national debt was spent on the wars in the middle east since 2001.

But it hasn’t helped.

Today, the US is still bombing Yemen, is still at war with Afghanistan, still has troops in Iraq and in Syria, where the civil war continues.

And now you can hear the war drums beating once again, this time for Iran.

The wars have not ended, and neither has the Fed.

Today, the same banks that got us into the 2008-2009 recession exist, because the Federal Reserve helped bail them out.

They engage in the same behavior that got us into the last recession– essentially betting customers’ deposits on toxic investments, without enough reserves to back even a fraction of the potential catastrophic losses.

The US isn’t going to voluntarily end the Fed any more than it will pull out of all its wars and overseas interventions.

But the inflation needed for the war (and created by the Fed) threatens both the perpetual warfare system and the Federal Reserve…

Be seeing you

Commodity Money | Pronk Palisades

 

 

 

 

 

 

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(Undeclared) Martial Law in Boston and You Are Still Not Worried?

Posted by M. C. on July 6, 2013

Washington knows collapse is coming even if the sheeple and low information types don’t. Indeed, this is what is expected under the Cloward-Pivin strategy developed at Barry Obama’s alma mater Columbia. The ammo purchases, foreign and domestic troop training on public streets and domestic phone snooping is all about beltway survival and control.

The FEMA camps are sprouting up all over the country. Washington says they will be a safe place to go in a disaster…even though the razor wire is mounted to keep people in not out.

The DHS and various other agencies like the IRS are buying billions of rounds of ammo. I thought the army was supposed to protect us from invaders. The hollow points are not destined for invaders.

Canadian and Russian troops are being trained here for domestic riot control.

Martial under Russian troops. Read the rest of this entry »

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Quantitative Easing and the Market, Does Anyone Know What is Going On?

Posted by M. C. on June 23, 2013

Bernanke says the Fed will stop buying bonds (ie slowing the printing presses) and the market bails.  What does this mean?

My first thought is that Wall Street has no confidence in near future economic recovery.  For sure there is great dependence in government safety nets and bailouts.  All at the expense of the taxpayer.  Make no mistake fiat money is a tax.  Inflation lowers the value of what little money we have, in essence taking buying power away.

As I recall free government money was the major cause of the housing crisis. Read the rest of this entry »

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Free Money

Posted by M. C. on October 21, 2012

A recent letter commented on Romney’s tax (Romney’s Plan Doesn’t Add Up) plan in Sunday’s Erie Times. The writer says it doesn’t add up. He is right. No one’s does. He says lowering taxes won’t cut the deficit. Right again if you assume the economy won’t take a jump as it did after the Bush II cuts. It is apparent to me that government has grown into a monster. Read the rest of this entry »

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