Tower of Greed

Tower of Greed | public-domain-bank-tower-of-greed-720x340 | Collapse Economy & Business Special Interests

Ladies and Gentlemen, I have to tell you, today may be the saddest day of my life. If you have not read, in full, Meet The Secretive Group That Runs The World, please stop here and read, in full, the article that should change your view of our world and the way you conduct business. I’ll wait here for your return…

Over the past seven years I have dedicated myself to reading, studying and doing my level best to understand how our monetary, financial and economic systems work. Beginning in late 2007 I set out on a course ingesting books, articles and websites, whole. Spending as much as ten hours a day for months attempting to connect the dots. Today I spend approximately twelve to fourteen hours a day filtering through various news articles, books and videos to continue the process of dot-connecting.

Tower of Greed | public-domain-city-bank-nwo-preparedness-300x201 | Collapse Economy & Business Special Interests When The Daily Coin was born, April 25, 2014, the goal was to help you in your quest for real news and information that would put you and your family in a better position for the coming economic collapse. As of 4:30pm April 12, 2015 it appears my views are about to change. Anyone who is awake and aware is familiar with the manipulation of markets, all markets, the criminality of the banking system and take over of governments, globally, by fascist means. Laws and regulations are now written by and for corporations and local police departments are in place to, specifically, protect the ruling and banking class. The local police also serve another very important function: to strip us of any loose change the banking and ruling class overlooked. As citizens we simply expect to be treated with dignity and a certain amount of respect.

Speaking for myself, is it too much to ask that when I go to a place of business for that business to operate in a manner that is comfortable and that I don’t feel like I am being lied to and my money stolen? Well, if you do business with a bank that is all you can expect to receive; dishonor and theft. If you read the article in full, as I requested, you now know exactly what I am talking about. The ECC (Economic Consultative Committee), fewer than 50, (yes FEWER than 50 people) meet twelve times a year to determine how we, the citizens of the world, are going to be sheered like sheep by the ruling and banking class. Can you imagine if we met, in secret, to plot against the government, the banks and the corporations? Wouldn’t we have a missile or rifle shoved up our back side? Wouldn’t we be thrown in prison, if we were lucky, as an enemy of the state?

Well, these men, maybe one or two women, meet to determine your financial fate and are paid like royalty for their “service”.

Tower of Greed | public-domain-BIS-bank-282x300 | Collapse Economy & Business Special Interests What impact do your finances have on your life, your family and everything else that surrounds you? So, is it safe to say that this small group of less than 50 people have a direct impact on every single aspect of your life? Have they not, in effect, hijacked your sovereignty? But, let’s allow the criminals to tell you themselves how they actually enslave humanity on a global scale

The world’s most exclusive club has eighteen members. They gather every other month on a Sunday evening at 7 p.m. in conference room E in a circular tower block whose tinted windows overlook the central Basel railway station. Their discussion lasts for one hour, perhaps an hour and a half. Some of those present bring a colleague with them, but the aides rarely speak during this most confidential of conclaves.

The details of the meeting are kept from the public. Why? Why would it be so secretive that nothing is repeated outside of the meeting? Because if you knew how your financial life was about to be raped you would be up in arms and be determined to take back your sovereignty. These people are pure evil. If they are not planning your financial rape, then publish the notes from the meetings, period. Otherwise, we will continue to believe you have nothing good in mind for our families.

The ECC makes recommendations on the membership and organization of the three BIS (Bank for International Settlement) committees that deal with the global financial system, payments systems, and international markets. The committee also prepares proposals for the Global Economy Meeting and guides its agenda.

Does that sound like something that we could benefit from? How is it that this tiny group of mostly men are allowed to determined our financial fate? I want to see the freakin’ notes!! How did they determine that “economy A” should prosper and grow while “economy B” stagnates and/or slides into a recession? What are the determining factors of such a monumental decision? Who benefits? Who profits? How are the profits divided and by whom? The global GWP (Gross World Product) is approximately $75.6 trillion dollars annually (as of 2013, the last year data is available). Isn’t that interesting. A tiny group of fewer than 50 people meet monthly to determine how $75,000,000,000,000,000 will be divided up among the global nations. Is this some kind of sick joke? How is that even possible? Let’s take a look at the track record for some of these people who make up this “brain trust”. Ben Bernanke – Did you see a housing bubble manifesting in 2004-2006? You know, the one that almost blew-up the global economy.

Oh, well. Didn’t see that coming. What about Greece joining the European Union? Was it a good idea? According to an article written in 2000, probably, not such a good idea:

Greece sought to join the euro in May 1998 when the first 11 members were chosen, but did not qualify. But EU finance ministers now found it had cut inflation, public deficits and debts to within the limits of the so-called “convergence criteria” needed for membership of the single currency. However, at an annual rate of 2.6 percent, Greek inflation is still higher than in most other European countries, and the government in Athens pledged to restrain spending and work toward achieving a budget surplus next year. Greece’s economy still has a long way to go before it catches up with the rest of the community, where economic output per head is on average 30 percent higher.

Translation: Greece produces approximately 30% LESS than ALL the other EU members! This is not an attack on Greece or the Greek people. It is merely pointing out the fact the gang of less than 50 knew that Greece’s economy would not fit with the other members of the EU and should not have ever joined the EU and switched to the Euro. They knew what would happen.

Who benefits and who profits? Probably the fewer than 50 people that meet in secret each month to determine how to slice the pie! This is two examples that have lead to our current economic nightmare that we, the citizens of the world, must deal with on a daily basis.

The “brain trust” that makes up the ECC and meets each and every month to determine how global finances are going to work are the very people that made the two decisions described above. Why should we trust them in secret when they have been shown to be economic fools in public? The game is completely rigged. We can not escape.

We must focus on solutions and develop systems that will help us to move away from these parasites, otherwise, we will simply continue feeding the machine. Do you want to feed the machine? Do you really want to support a gang of less than 50 people to keep you enslaved? Every time you use a dollar or use the bank you are filling the coffers of the gang of less than 50. So, where do we go from here? How do we dig this parasite out of the earth’s finances? We don’t. We begin a work-around.

Until we begin using real money, gold and silver, trading our labor for actual wealth that these parasites can not reach, we will continue to be nothing more than an ATM machine with our labor. They will continue to suck the very life out of us until the day we die and are replaced by the next sucker in line.


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11 Facts That Prove That The U.S. Economy In 2017 Is In Far Worse Shape Than It Was In 2016

11 Facts That Prove That The U.S. Economy In 2017 Is In Far Worse Shape Than It Was In 2016 | Economic-Trouble-Public-Domain | Economy & Business Special Interests

There is much debate about where the U.S. economy is ultimately heading, but what everybody should be able to agree on is that economic conditions are significantly worse this year than they were last year.  It is being projected that U.S. economic growth for the first quarter will be close to zero, thousands of retail stores are closing, factory output is falling, and restaurants and automakers have both fallen on very hard times.  As economic activity has slowed down, commercial and consumer bankruptcies are both rising at rates that we have not seen since the last financial crisis.  Everywhere you look there are echoes of 2008, and yet most people still seem to be in denial about what is happening.  The following are 11 facts that prove that the U.S. economy in 2017 is in far worse shape than it was in 2016…

#1 It is being projected that there will be more than 8,000 retail store closings in the United States in 2017, and that will far surpass the former peak of 6,163 store closings that we witnessed in 2008.

#2 The number of retailers that have filed for bankruptcy so far in 2017 has already surpassed the total for the entire year of 2016.

#3 So far in 2017, an astounding 49 million square feet of retail space has closed down in the United States.  At this pace, approximately 147 million square feet will be shut down by the end of the year, and that would absolutely shatter the all-time record of 115 million square feet that was shut down in 2001.

#4 The Atlanta Fed’s GDP Now model is projecting that U.S. economic growth for the first quarter of 2017 will come in at just 0.5 percent.  If that pace continues for the rest of the year, it will be the worst year for U.S. economic growth since the last recession.

#5 Restaurants are experiencing their toughest stretch since the last recession, and in March things continued to get even worse

Foot traffic at chain restaurants in March dropped 3.4% from a year ago. Menu prices couldn’t be increased enough to make up for it, and same-store sales fell 1.1%. The least bad region was the Western US, where sales inched up 1.2% year-over-year and traffic fell only 1.7%, according to TDn2K’s Restaurant Industry Snapshot. The worst was the NY-NJ Region, where sales plunged 4.6% and foot traffic 6.3%.

This comes after a dismal February, when foot traffic had dropped 5% year-over-year, and same-store sales 3.7%.

#6 In March, U.S. factory output declined at the fastest pace in more than two years.

#7 According to the Bureau of Labor Statistics, not a single person is employed in nearly one out of every five U.S. families.

#8 U.S. government revenues just suffered their biggest drop since the last recession.

#9 Nearly all of the big automakers reported disappointing sales in March, and dealer inventories have now risen to the highest level that we have seen since the last recession.

#10 Used vehicle prices are absolutely crashing, and subprime auto loan losses have shot up to the highest level that we have seen since the last recession.

#11 At this point, most U.S. consumers are completely tapped out.  According to CNN, almost six out of every ten Americans do not have enough money saved to even cover a $500 emergency expense.

Just like in 2008, debts are going bad at a very alarming pace.  In fact, things have already gotten so bad that the IMF has issued a major warning about it

In America alone, bad debt held by companies could reach $4 trillion, “or almost a quarter of corporate assets considered,” according to the IMF. That debt “could undermine financial stability” if mishandled, the IMF says.

The percentage of “weak,” “vulnerable” or “challenged” debt held as assets by US firms has almost arrived at the same level it was right before the 2008 crisis.

We are seeing so many parallels to the last financial crisis, and many are hoping that our politicians in Washington can fix things before it is too late.

On Monday, the most critical week of Trump’s young presidency begins.  The administration will continue working on tax reform and a replacement for Obamacare, but of even greater importance is the fact that if a spending agreement is not passed by Friday a government shutdown will begin at the end of the week

Trump has indicated that he wants to tackle the repeal and replacement of Obamacare and introduce his “massive” tax plan in the next week, all while a shutdown of parts of federal government looms Friday.

By attempting three massive political undertakings in one week, investors will have a sense of whether or not Trump will be able to deliver on pro-growth policies that would be beneficial for markets.

If Trump can pull off the trifecta, it could restore faith that policy proposals like tax cuts and infrastructure spending are on the way. If not, look out.

Members of Congress are returning from their extended two week spring vacation, and now they will only have four working days to get something done.

And I don’t believe that they will be able to rush something through in just four days.  The Republicans in Congress, the Democrats in Congress, and the Trump administration all want different things, and ironing out all of those differences is not going to be easy.

For example, the Trump administration is insisting on funding for a border wall, and the Democrats are saying no way.  The following comes from the Washington Post

President Trump and his top aides applied new pressure Sunday on lawmakers to include money for a wall on the U.S.-Mexico border in a must-pass government funding bill, raising the possibility of a federal government shutdown this week.

In a pair of tweets, Trump attacked Democrats for opposing the wall and insisted that Mexico would pay for it “at a later date,” despite his repeated campaign promises not including that qualifier. And top administration officials appeared on Sunday morning news shows to press for wall funding, including White House budget director Mick Mulvaney, who said Trump might refuse to sign a spending bill that does not include any.

And of course the border wall is just one of a whole host of controversial issues that are standing in the way of an agreement.  Those that are suggesting that all of these issues will be resolved in less than 100 hours are being completely unrealistic.  And even though the Trump administration is putting on a brave face, the truth is that quiet preparations for a government shutdown have already begun.

The stage is being set for the kind of nightmare crisis that I portrayed in The Beginning Of The End.  The stock market bubble is showing signs of being ready to burst, and an extended government shutdown would be more than enough to push things over the edge.

Let us hope that this government shutdown is only for a limited period of time, because an extended shutdown could potentially be catastrophic.  In the end, either the Trump administration or the Democrats are going to have to give in on issues such as funding for Obamacare, the border wall, Planned Parenthood, defense spending increases, etc.

It will be a test of the wills, and it will be absolutely fascinating to see who buckles under the pressure first.


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The Real Reason For America’s Looming Retirement Crisis

The Real Reason For America’s Looming Retirement Crisis | Retirement-Crisis | Economy & Business Special Interests

Did you know that approximately 40 percent of all American workers have absolutely nothing saved for retirement? And did you know that pension funds in the United States are currently underfunded by about six trillion dollars? Social Security is supposed to be the underlying safety net for our entire retirement system, but it is essentially just a massive Ponzi scheme that everyone agrees is heading for a major disaster. Now that the Baby Boomers have started to retire, it is becoming clear that our society simply does not have the resources necessary to keep all of the promises that we have made to them. We are facing a retirement crisis of epic proportions, and by the end of this article you will understand the real reason why we have gotten into this mess.

Like so many other industrialized nations, America’s population is rapidly aging. In fact, in some rural areas of the country entire towns are in the process of slowly disappearing as their populations literally die off. The following is an excerpt from an outstanding article that was published by The Atlantic

It can be a pretty depressing proposition to start counting the deaths in this tiny town set among the hills and buttes of central Oregon.

Sherian Asher, 74, began keeping track a few years ago, despite herself, until she realized the tally: four deaths a month, in a town of 450. Then she stopped counting.

Fossil, Asher said, is “just going to die out.”

Businesses are disappearing, too. There used to be four gas stations, three grocery stores, three car dealers, and a lumber mill. Now, there’s just one restaurant in town open at night. The nearest hospital is more than an hour away, the nearest city, Bend, is two-and-a-half.

The Baby Boomers in particular pose a unique challenge for our society, because they represent a massive demographic bubble that has fundamentally altered our culture as they have passed through each stage of life. Now they are retiring in extremely large numbers, and many of them are completely unprepared for retirement.

Of course most of those coming after them are not preparing for retirement either. In fact, the executive director of the National Institute on Retirement Security says that 40 percent of all American workers have nothing saved up for retirement at all

“We have a lot of individuals who have nothing saved for retirement, about 40 percent of the workforce,” said Diane Oakley, executive director of the National Institute on Retirement Security. When her organization used census data to assess whether households were saving enough to retire with eight times their projected income, a very conservative estimate of retirement preparedness, “we found that 60 percent of households weren’t on track.”

Those numbers are absolutely staggering.

What in the world are we going to do once all of those people hit retirement age?

401(k) plans were supposed to revolutionize the way that Americans prepare for retirement, but that simply has not happened. In fact, USA Today is reporting that those that are participating in such plans only “have an average of $14,500 in their retirement accounts”…

The current retirement system in America hinges on the 401(k) plan, which replaced pensions as the go-to source of retirement income. But over the past 35 years that effort has been failing because participants are not contributing enough, asking for withdrawals and not repaying 401(k) loans. More participants are instead treating their 401(k) as a checking account and making very little effort to learn how to manage their investments. The chart below outlines how less than half of Americans now participate in retirement plans and those that do have an average of $14,500 in their retirement accounts, when they will need between 20 and 30 times that amount.

How long will $14,500 last you?

Perhaps if you are very thrifty it might last you six months.

Of course it is quite difficult to find money to put into your retirement account when you are living paycheck to paycheck, and some recent surveys have found that this is the case for about two-thirds of the population.

In the old days, many large companies offered pensions, but once 401(k) plans were introduced that number dropped significantly.

These days it is mostly federal, state and local government workers that are covered by pension plans, but unfortunately many of those pensions are severely underfunded.

This is something that I covered in substantial depth on the Economic Collapse Blog recently. In my piece, I pointed out a Bloomberg article that stated that overall there would be a pension funding gap of somewhere around 6 trillion dollars if honest numbers were being used. And that 6 trillion dollar shortfall would only apply if stock prices stay at current levels. If stock valuations simply returned to normal levels, pension funds would lose trillions upon trillions of dollars and we would very rapidly have a national crisis on our hands.

But if everything else fails, don’t we at least have Social Security?

I wouldn’t be so sure. Everyone knows that Social Security is essentially a Ponzi scheme that is living on borrowed time.

According to Reuters, one recent survey discovered that just 37 percent of all U.S. workers are “very or somewhat confident” that payouts from the system will continue at current levels in the future…

No surprise, then, that only 37 percent of workers are “very or somewhat confident” that Social Security will be able to maintain current benefit levels in the future, according to survey research by the Employee Benefit Research Institute (EBRI) – although confidence is much higher among older workers and retirees.

From a math standpoint, potential solutions to the problem are straightforward. The cuts can be avoided through increased revenue, benefit reductions or some combination of the two. But the politics are another matter.

Of course there are many reasons why we are in such a mess, but perhaps the biggest reason is because we don’t have nearly enough young people in the workforce paying taxes to support all of the older people that are retiring.

If we had tens of millions more taxpayers, pension funds all across the country would be much more solvent.

If we had tens of millions more taxpayers, the Social Security system would be just fine.

But we don’t have tens of millions more taxpayers, because we killed them.

Since Roe v. Wade was decided in 1973, we have killed close to 60 million children. Most of those children would be in the workforce today, but since they aren’t we have a major financial nightmare on our hands.

Throughout human history, the next generation has always taken care of the preceding generation once they have gotten too old to work.

But we have forfeited that right, because we committed mass murder. Now an unprecedented retirement crisis is looming, and nobody is going to have much sympathy for us when the whole system comes crashing down.


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Why Are So Many Millennials Living With Their Parents Instead Of Getting Married And Starting Their Own Families?

Why Are So Many Millennials Living With Their Parents Instead Of Getting Married And Starting Their Own Families? | How-To-Live-With-Your-Parents-Wikimedia-Commons | Economy & Business Society US News

Did you know that the percentage of 18 to 34-year-old Americans that are married and living with a spouse has dropped by more than half since 1975?  Back then, 57 percent of everyone in that age group “lived with a spouse”, but today that number has dropped to just 27 percent.  These numbers come from “the Changing Economics and Demographics of Young Adulthood” report that was just released by the U.S. Census Bureau.  Some are postulating that the reason for this dramatic cultural shift is a phenomenon known as “extended adolescence”, while others fear that large numbers of young men and/or young women are giving up on the concept of marriage altogether.

Instead of getting married and starting their own households, many young adults are deciding that living with Mom and Dad is the best approach.  In fact, this new Census Bureau report found that one out of every three 18 to 34-year-old Americans is currently living with their parents

According to the Changing Economics and Demographics of Young Adulthood report for 2016, one in three Americans ages 18 to 34 are living at home with their parents.

Coming in second place is living with a spouse (27 per cent), followed by other (i.e. living with a roommate or other relatives, 21 per cent), living with a boyfriend or girlfriend (12 per cent) and living alone (8 per cent).

Once the last recession ended, this trend was supposed to start reversing, but instead the number of young adults still living at home has just continued to increase.  This is going to have very serious implications for our looming retirement crisis, and that is something that I am going to write about later today on End Of The American Dream.

And a lot of these young adults are not being productive members of society at all.  In fact, this new report from the Census Bureau found that one out of every four 25 to 34-year-old Americans that are currently living at home do not have a job and they are not going to school either.

In other words, they need to get a life.  I really like how a recent CNBC editorial made this point…

One of the most memorable Saturday Night Live sketches ever was broadcast in 1986 when guest host William Shatner played himself appearing at fictional Star Trek convention. After fielding one childish question after another from costumed fans in their late 20s and 30s, Shatner loses his cool and shouts: “GET A LIFE, will you people? I mean, for crying out loud, it’s just a TV show! … Move out of your parents’ basements! Get your own apartments and GROW THE HELL UP!”

Thirty-one years later, it sure seems like all of America needs to heed that message. Here’s why: The Census Bureau now says that more 18-34 year-olds are living with their parents than with a spouse.

But a lot of young men these days do not even want to go down the traditional route of marriage, family, career, etc.

In fact, a lot of them are forsaking the concept of marriage together.  Author Suzanne Venker says that a lot of these men are blaming their lack of desire to get married on modern women

“When I ask them why, the answer is always the same: women aren’t women anymore.” Feminism, which teaches women to think of men as the enemy, has made women “angry” and “defensive, though often unknowingly.”

“Now the men have nowhere to go. It is precisely this dynamic – women good/men bad – that has destroyed the relationship between the sexes. Yet somehow, men are still to blame when love goes awry.”

“Men are tired,” Venker wrote. “Tired of being told there’s something fundamentally wrong with them. Tired of being told that if women aren’t happy, it’s men’s fault.”

On the flip side, a lot of women are extremely distressed that so few men seem to have the willingness to commit these days.  So many men just want to run around having sex with an endless series of women without ever putting a wedding ring on any of their fingers.

Of course many men figure that if they can get some of the best benefits of marriage (sex, companionship, etc.) without having to make a commitment then that is a pretty good deal for them.

Personally, I am a huge advocate of marriage, but the rest of society is moving in the exact opposite direction.  According to the Pew Research Center, 44 percent of 18 to 29-year-old Americans now believe that “marriage is becoming obsolete”.  And for a lot more numbers like this, please see my previous article entitled “43 Facts About Love, Sex, Dating And Marriage That Are Almost Too Crazy To Believe”.

But of course not all young adults that are living at home are doing it for the wrong reasons.  Thanks to our long-term economic decline, it is much more difficult for young people to find good paying jobs today than it was several decades ago.  The following comes from CNS News

“More young men are falling to the bottom of the income ladder,” says the Census Bureau study. “In 1975, only 25 percent of men, aged 25 to 34, had incomes of less than $30,000 per year. By 2016, that share rose to 41 percent of young men (incomes for both years are in 2015 dollars).”

I have absolutely no problem at all with young adults that are living at home temporarily for economic reasons.  These Millennials are simply victims of our failing economy, and thus we should not be so quick to judge them.

And many of these young people graduate from college already saddled with tremendous amounts of debt.

According to the Bureau of Labor Statistics, the cost of going to college has increased by an astounding 63 percent since 2006.  We assure our youngsters that they will get good paying jobs when they graduate that will enable them to pay off those student loans, but once they do finally graduate many of them are discovering that the good paying jobs that we promised them do not exist.

Today, Americans owe more than a trillion dollars on their student loans.  It has become a major national crisis, and it is financially crippling an entire generation.

So the next time you hear of a young adult that is still living at home, don’t be so quick to judge until you know the facts.

Yes, there are many that need a good kick in the pants to get them going in life, but there are also millions that are simply victims of our ongoing long-term economic collapse.


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Central Banking Warfare Model Readies The Next Step (VIDEO)

Central Banking Warfare Model Readies The Next Step (VIDEO) | world-with-money-1024x729 | Banks Economy & Business Global Bankster Takeover Multimedia Special Interests War Propaganda

The global capacity for debt has reached it’s zenith. So-called developed markets and emerging markets have all reached maximum debt load. Of the all the major countries that impact the global GDP name one that’s not fully levered with debt. I’ll wait here while you look for that needle in a haystack.

We came into the bail outs. The G7 had levered up. Then we had the emerging markets lever up and they’re finished levering up and now everybody’s levered up. 

There is no place to go. We can go to an equity model and we can optimize bottom-up but that requires a legitimate pricing function. And when you’re trying to run the whole thing with fake intel, fake science, fake news…The harvesting machine needs a new way to dig and digital currency and digital cash is that way. But you need all those countries in the tent and you need the ability to force everybody into a digital system. Source

The world (tent) must get inline with the idea of global governance and global currency, otherwise, it will not work.

Cryptocurrencies and all the people who believe this digital illusion is going to somehow save us from the evil banksters are overlooking what I have been saying since bitcoin first came onto the scene – it plays into the hands of the banksters and their desire to move us all to a digital currency. If someone believes for a second that Amazon or any other large multinational corporation that conducts retail business is going to accept bitcoin when they have been instructed not to, they are simply living in a fantasy.

That’s why the guys from bitcoin drive me nuts. Because they think “Oh this is how we’re going to be free“. No, you’re prototyping Mr. Globals digital currency. Source

If a person thinks the central banks and their digital currency will COMPETE with bitcoin you are not seeing the entire picture. That is not going to happen – EVER. The reason gold was outlawed in the U.S. in the 1930’s was to keep gold from competing with the Federal Reserve Note. Why would anyone believe the Federal Reserve is going to allow a digital form of currency to compete with their wealth transferring mechanism on a large scale?

In the video – America: Freedom to Fascism – Aaron Russo discusses what one of the Rothschilds explained to him. This scheming, blood sucking bankster tells Mr. Russo the people will all be chipped and the currency will be digital. Do you honestly think bitcoin will be included in this “mark of the beast” technology? If the cash is eliminated and we can only use digital currency the banks would have the ability to turn off an individuals access to funds. If bitcoin, or any other cryptocurrency, is allowed to operate this would not work. The banks would not be able to enslave the people. The slave trade would collapse.

Central Banking Warfare Model Readies The Next Step (VIDEO) | enslavement | Banks Economy & Business Global Bankster Takeover Multimedia Special Interests War Propaganda

The only remaining question is whether China and Russia are in on the scheme. China already has a digital currency and most of the transactions in China are conducted without the use of cash. So, China is on board. That leaves Russia. What will Russia’s role be in moving to a digital currency operated by the central banks?

For me, it always comes back to gold and gold as currency. How would gold work in this new paradigm? What role would gold play? Will gold be, once again, outlawed, confiscated or simply remain outside the system?

Gold and silver have been money for thousands of years. The golden rule still applies – he who has the gold makes the rules. China and, their military partner, Russia, have lots of gold. India has a lot of gold in the hands of the citizens, but the central bank of India is not a major player like China and Russia. India has not been purposely adding to their gold horde the way Russia and China have been doing for the past decade. It’s funny to see India doing all they can to get their citizens to move away from acquiring physical gold while across the border in China the government is encouraging – and make it very easy – for the citizens to acquire gold. The Chinese citizens have been responding ever since this initiative was first announced. On the other hand, the citizens of India do all they can to keep the banking cabal and corrupt government out of their gold stash.

The western “developed” world is in desperate need of a major large scale war. Large scale war is the one thing that can cover the crimes of the western banking cabal and allow the system to be reset while the criminals blame someone else. Russia and China are the obvious targets of the U.S./U.K. with North Korea playing a minor role and possibly being used as a pawn to jump-start the whole thing. Syria is all about the oil and gas pipelines, so, Syria could be a jumping off point as well.

Whoever starts the next world war rest assured the U.S. will not be spared. Bombs will land on this soil and eliminate entire cities.

The world can not escape the debt saturation we find ourselves entangled. There are only a handful ways to get out of the web and war has always been, throughout all of history, the primary way this has happened. The difference today is nuclear weapons. Nuclear weapons create problems for thousands of years so is it really a viable option? A debt jubilee/reset is another way debt has been handled throughout history, however, the world was a lot smaller place. Revert to a gold standard and reset the debt to gold? I don’t know what the answer is, but I do know our time is running out.

This is a must listen interview with Catherine Austin-Fitts. She explains the above in greater detail and paints the picture all the way to the edge.

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Exxon Seeks U.S. Waiver to Work in Russia Despite Sanctions

Exxon Seeks U.S. Waiver to Work in Russia Despite Sanctions | exxon-mobil | Economy & Business News Articles

(image: Mike Mozart via Flickr -Modified)

(Fox Business) Exxon Mobil Corp. has applied to the Treasury Department for a waiver from U.S. sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft, according to people familiar with the matter.

Exxon has been seeking U.S. permission to drill with Rosneft in several areas banned by sanctions and applied in recent months for a waiver to proceed in the Black Sea, according to these people.

The Black Sea request is likely to be closely scrutinized by members of Congress who are seeking to intensify sanctions on Russia in response to what the U.S. said was its use of cyberattacks to interfere with elections last year. Congress has also launched an investigation into whether there were ties between aides to Donald Trump and Russia’s government during the presidential campaign and the political transition.

Secretary of State Rex Tillerson is Exxon’s former chief executive officer and forged a close working relationship with Rosneft and Russian President Vladimir Putin. The State Department is among the U.S. government agencies that have a say on Exxon’s waiver application, according to current and former U.S. officials.

Mr. Tillerson is recusing himself from any matters involving Exxon for two years, and won’t be involved with any decision made by any government agency involving Exxon during this period, a State Department spokesman said.

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Source: Alternative news journal

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Absurd Valuations on Unprofitable Tech Stocks

Absurd Valuations on Unprofitable Tech Stocks | stock-market-economy | Economy & Business Special Interests

The Treasury Secretary chimes in on what any market watcher should know instinctively. Mnuchin talks tech: ‘I don’t understand these valuations’, yet the price on promises and future expectation of earnings has a large amount of the equity speculators and computerized trading in a crisis of sanity. Avoiding the fundamental relationship that a stock value is based upon the ability of a company to turn a profit, has become the hottest investment hoax since Bernard Madoff was pitching his Ponzi scheme. UberSnapchat and Twitter may be high flyers for the smart set, but for rational venture capitalists, plunking down gambles on risky enterprises that only feed on publicity hype is a sure bet on going broke.

While angel funding, seed investment and incubation have a nice ring to their functions, what they all have in common is gaining a piece of the equity action before any IPO is sold to the investment insiders, much less the general public. What is often lost is that any new startup enterprise must develop cash flow well before any earnings can be achieved.

Defying common sense, many of this new generation of cutting edge technology companies are pitching a dream that often turns into a nightmare for the imprudent investor. At least Apple sells, admittedly very overpriced phones, a product that has a functional and utilitarian purpose. But what possible claim of intrinsic worth does a trendy app have when duplication of utility is achieved by a tech giant as Facebook?

Even the most bombastic huckster, Elon Reeve Musk finds himself reliant on the intrepid waters of government subsidies to keep his bubble run on solar cells, alive. Yet his stock price keeps inflating with little financial connection to turning a profit, even when Sparks fly on Wall Street over Tesla’s current valuation.

“For now, Musk and his team have built up enough investor goodwill to buy him time to follow through his vision. Tesla narrowly missed its target of delivering 80,000 vehicles last year and has only reported two profitable quarters in its brief history. Nonetheless, its rapid rise could see it accelerate past Honda and move into the top five most valuable carmakers in the world.

This comes as the finances of Ford and GM are in rude health. GM is expected to earn more than $9bn this year and Ford to rake in profits of $6.3bn; Tesla is expected to lose more than $950m.”

Come on folks, in what mystical world of consumer sales indifference does one accept that in the immediate future buyers will jump from the torque of a four wheel drive F-150 V-8 into the restriction of a Tesla electric cord? In order to make this fantasy work Road and Track contends, The Case for a Tesla-GM Merger. The argument simply comes down to “You put together a carmaker with mojo and a carmaker with capacity.”

“We live in an era where brick-and-mortar companies frequently play second fiddle to apps and platforms and clouds and other entirely ephemeral ideas. It suits the stock market just fine, because the stock market is much like the baseball-card market, or the art market, in that it serves more as a reflection of prevailing views than as any truly prescient or even intelligent verdict regarding a company’s merit. It’s an illusion. Of course, it is an illusion with the power to build fortunes and destroy lives in a millisecond.”

When government motors was bailed out by the Obama administration to save the unions while wiping out the bond holders, GM was given a second chance at the taxpayer expense. Now we are suppose to accept another rescue of Tesla debt to keep the illusion that the future belongs to the driverless “green” vehicle. Hey, why not just go all the way; ban humans from using gas guzzlers on the highways, while taxing a per mile user fee to replace the gas tax? Just keep diesel commercial trucks to navigate the steep grades to fix all the infrastructure that driverless vehicles will use.

The absurdity of this brave new world is as obscene as the stock prices of the technocratic anti-human robot society that is facing an expendable population. Nonetheless, do not take our analysis for the last word. Look to the essay in The Street, From the Absurd to the Ridiculous: When Fundamentals Don’t Matter, where the example of Yahoo is reviewed.

“Yahoo! (YHOO) , which was a highly valued company during the dot-com era.

When looking at Yahoo!’s price and P/E ratio, the fundamentals didn’t really reflect the stock price. Yahoo! was trading at nearly 3,500 times its P/E ratio at one point, which may have been unjustified.

Following that, the markets were quick to realize that the company wasn’t that valuable, and it began to tank once the bubble popped.

Take a look at how Yahoo!’s market capitalization evolved over time. Prior to the dot-com bubble, Yahoo! had a market cap of less than $1 billion.

However, during the bubble, Yahoo!’s market cap rose to more than $100 billion at its peak. Thereafter, its market cap and share price fell significantly, with the former falling to between $5 billion and $10 billion.”

If such a stable of the computer age as Yahoo could be reduced to the humiliation of a hostile takeover by Verizon at a price not much more than an unknown startup as Team Chat provider Slack with a valuation of about $3.8 billion, what true value does any of these high tech ventures provide over time? Anyone remember one of the scores of services from Yahoo called Messenger? Do the math, plunging down your bucks on such moving targets as superficial fads is most risky.

Google search beat out Yahoo, but will Alphabet retain the preeminent crown of dominance with their imposition of censorship and filtering out of free speech? Stock values are never guaranteed and especially with tech companies, you are only safe if competition is eliminated.


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Source: Alternative news journal

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Credit Card Nation: Why The Facebook Killer And The U.S. Congress Have A Great Deal In Common

Credit Card Nation: Why The Facebook Killer And The U.S. Congress Have A Great Deal In Common | Steve-Stephens-Photo-from-Cleveland-Police-460x329 | Economy & Business News Articles

Most Americans have seemingly convinced themselves that as a society we will never pay a great price for going into so much debt and that we will never pay a great price for the horrendous crimes against humanity that we are committing on a daily basis.  If you don’t understand what I am talking about, just keep reading the rest of this article.  Just as there are consequences for our actions individually, so there are also consequences for our actions as a society.  And although our national day of reckoning has been put off for quite some time, when it does finally arrive the pain is going to be absolutely unimaginable.

Just recently, I was astounded to learn that the total amount of credit card debt in the United States has crossed the trillion dollar mark.  It boggles my mind that so many Americans could be so foolish, because credit card debt is one of the worst forms of debt in existence, and financial experts all over the country have spent an extraordinary amount of time and energy trying to get this message across to people.

But even though people know that going into credit card debt is bad, they just keep on doing it anyway.  We have become a “buy now, pay later” society that gives very little consideration to long-term consequences.

On a national level, we are now nearly 20 trillion dollars in debt, and a historic showdown over government spending and debt threatens to absolutely paralyze the federal government at the end of this month.  At this point many believe that it will be virtually impossible for Congress to avoid a government shutdown on April 29th, and once it begins Donald Trump’s entire agenda will come to a complete and total crashing halt until the crisis is resolved.  The following comes from David Stockman

In the meanwhile, everything else — health care reform, tax cuts, infrastructure — will become backed-up in an endless queue of legislative impossibilities. Accordingly, there will be no big tax cut in 2017 or even next year. For all practical purposes Uncle Sam is broke and his elected managers are paralyzed.

The Treasury will be out of cash and up against a hard stop debt limit of $19.8 trillion in a matter of months. But long before that there will be a taste of the Shutdown Syndrome on April 28 owing to the accumulating number of “poison pill” “riders” to the CR.

These include the virtual certainty of riders to the House bill to “defund” Planned Parenthood and sanctuary cities. Other extraneous amendments will also possibly include funds demanded by the White House to start the Mexican Wall, enhance deportations and fund some of Trump’s $54 billion defense increase.

I am so glad that Stockman mentioned Planned Parenthood, because the decision whether or not to continue funding Planned Parenthood is going to be one of the central issues of this upcoming crisis.

Currently, the U.S. government gives Planned Parenthood roughly $500,000,000 a year.  By law, none of that money is supposed to be used to provide abortions, but everyone knows what the real deal is.

Some Planned Parenthood clinics do provide other services, but at the end of the day Planned Parenthood’s core business is abortion.  In fact, since Roe v. Wade was decided in 1973 they have killed far more babies than anyone else in the United States by a very wide margin.

And for decades, the U.S. government has been the number one source of funding for Planned Parenthood.  In fact, there are questions as to whether or not Planned Parenthood would be able to continue as a viable business without money from the federal government.

Over the years, when members of Congress have voted to shower Planned Parenthood with hundreds of millions of dollars a year, they have not done it in the heat of the moment.  Rather, their votes have been the result of cold, calculated decision-making processes.

In other words, the members of Congress that have been voting to keep funding Planned Parenthood year after year have the blood of millions of dead children on their hands, and there is very little difference between them and Facebook killer Steve Stephens.

When Stephens broadcast the cold-hearted murder of a 74-year-old man on Facebook on Sunday, he instantly became a worldwide celebrity.  And even though most people in the country have now seen his face, he continues to somehow elude authorities.

What Stephens has done is absolutely horrific, and when he is finally caught he will pay greatly for his crimes.

Just like Stephens, America is on the run today.  We keep thinking that we will never have to pay a price for the tens of millions of children that we have killed, and our government continues to fund the slaughtering of the innocents that goes on every single day in this nation.

But now Congress is going to be given one more chance to make the right decision.

The Republicans have control of the White House, the Senate and the House of Representatives.  They have the power to defund Planned Parenthood, but it is going to take a tremendous amount of resolve.

That is because under the current rules it is going to take 60 votes to get a spending agreement through the Senate, and so the Republicans will need at least 8 Democratic votes to get any bill to Trump’s desk.

Sadly, the Democrats are pledging to stretch out a government shutdown indefinitely if Republicans try to defund Planned Parenthood.

So what will the Republicans do?  Well, they could change the rules in the Senate to require only a simple majority vote on spending bills, and that would essentially be the “thermonuclear option”.

Or they could give in, but if they do that it would likely mean that Planned Parenthood will never be defunded, because the Republicans will never have a better opportunity than they do right now.

And I have a feeling that is what is going to happen.  I have a feeling that the Republicans are going to give in at some point and agree to keep giving Planned Parenthood half a billion dollars a year.

If that is indeed what happens, both the Democrats and the Republicans that help pass such a bill will be cold-blooded killers just like Facebook killer Steve Stephens, only those Democrats and those Republicans will have far more blood on their hands than Stephens does.

Most people do not realize this, but without a doubt this is one of the most critical moments in modern American history.  And if the funding of Planned Parenthood continues, I have a feeling that is going to mean that our national day of reckoning is much closer than most people would dare to imagine.

If we do not stop what we are doing, someday our crimes will catch up to us, and the debt that we will owe at that point will be far beyond what we can bear to pay.


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The post Credit Card Nation: Why The Facebook Killer And The U.S. Congress Have A Great Deal In Common appeared first on The Sleuth Journal.


Source: Alternative news journal

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The Military Complex Has Taken Control Of The White House (VIDEO)

The Military Complex Has Taken Control Of The White House (VIDEO) | The-Military-Complex-Has-Taken-Control-Of-The-White-House | Collapse Economy & Business Government Government Control Military Sleuth Journal Special Interests Trump

“The astonishing reinvention of Donald Trump:”  Washingtonians are still puzzling at the speed with which the man who promised to “drain the swamp” has come to bask in its approval. In the past 10 days, Mr Trump has belied many of the city’s worst fears. Having promised to launch a trade war with China, Mr Trump is rapidly abandoning his protectionist rhetoric. Likewise, having vowed to avoid foreign wars, he has acquired a sudden taste for Levantine missile launches. And having dismissed Nato as obsolete, Mr Trump is now singing the alliance’s praises. – Financial Times, April 13, 2017

It was just a matter of time before the Deep State got its meat-hooks into Trump. The move to remove Steve Bannon from the National Security Council and replace him with two Deep State operatives who had been formerly removed from NSC was our signal that the Deep State had restored its control of the Oval Office. Shortly after that power swap was accomplished, missiles started flying in Syria in response to false flag “gas” attack and the world’s largest non-nuclear bomb was dropped on CIA-built underground tunnels in Afghanistan.

Trump has back-pedaled on every single “plank” in his campaign platform – about as quickly as Obama did after he was inaugurated. Trump’s geopolitical policies now resemble the same policies endorsed by Hillary Clinton, who is a neocon dressed in drag.

When all else fails, start a war. The opinion ratings on Trump are plunging, along with the major portions of the economy. Auto sales are down 10% since the beginning to 2017 and JP Morgan, despite “beating” earnings estimates, disclosed a troubling spike in credit card write-offs, which rose to nearly $1 billion in Q1. Retail sales have now declined two months in a row. It’s no coincidence that the dismal sales report was released on Good Friday when the market was closed. The original .1% gain reported for February was revised down significantly to a decline of .3%. Restaurant industry sales have declined for 11 of the last 12 months in a row on a year over year monthly basis.

The economy is been fueled on money printing and credit creation for the better part of 40 years. That artificial stimulation went parabolic in 2009. The tech and housing bubbles have been reinflated along with every other asset class into an “everything” bubble. Real weekly earnings have declined two months in a row. The consumer is tapped out on two fronts: disposable income and the capacity to take on more debt. Now comes the part where the average household begins to default on the debt it’s taken on over the last 8 years. Hence the big jump in credit write-offs disclosed opaquely by JP Morgan last week.

Today’s Shadow of Truth discusses the role played by the Deep State in ushering in the inevitable economic collapse of the United States which will lead to the implementation of Totalitarianism and a dystopic political system:

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Fears Google Hire Could Allow Employers to See Your Entire Search History

Fears Google Hire Could Allow Employers to See Your Entire Search History | google-censorship-of-hillary-clinton-search-results-1024x640 | Economy & Business Science & Technology Special Interests

By: The Daily Mail |

Job interviews could get even more awkward with Google’s help.

IN THIS day and age, every boss is going to quickly Google a prospective employee before asking them to come in for an interview.

But now the technology giant is working on project called Google Hire, which The Sun reports will help employers learn perhaps a little bit too much about their new recruits.

It will reportedly be a recruitment tool similar to LinkedIn — however, early reports suggest it will be available through your personal Google account.

If that’s the case, it will link things like your search history and YouTube account with your job applications, laying it all bare for employers to see.

Imagine if recruiters knew every single thing you’d ever looked up on Google.

Technology website Axios reports the tool is currently under testing, and that it will let employers post job listings, and accept and manage applications.

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Source: Alternative news journal

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