Only in America where we have Democratic politicians preaching about the greed of the rich at a $10,000.00 a plate campaign fund-raising event held at John Kerry’s home. Yes it was $10,000 to get in.
Categories: Politics
Representative Alexandria Ocasio-Cortez (AOC) was showcasing how the term “hopping mad” originated today during a theatrical performance about her friend Ilhan Omar being removed from her seat on the House Foreign Affairs Committee. WATCH:
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When she gets done with that dramatic bouncing routine, she’s still as goofy as Hank “tippy Guam” Johnson.
This is so critically important to the understanding of the core, central element where the globalism atom splits and the resulting destruction begins, that I must pause all personal recovery efforts -immediately- and explain. This is an incredible example of where corporations and government merge. This is the atom split. This is the root, the nub, the place where “trillions at stake” takes context.
Strong HatTip to Gateway Pundit for this exceptional video and example {Direct Rumble Link Here}. The understanding comes via a Canadian dairy farmer, who, like thousands of other farmers around the world, is a private business under government control. This example is about dairy, specifically milk, however, the underlying premise goes much further.
This is modern corporatism, the nexus of govt intervention, regulations and the multinational exploitation of industry. This is also the globalist example that shows how the concepts of “capitalism” and “free markets” have been destroyed. First, watch the video:
Canadian Government Forces Dairy Farm Dump 30,000L of Milk Because They Have Gone Over Quota
What you are witnessing in that video is something we have talked about at length for years.
Influential people, politicians (rules) and corporate leaders (profits), both with vested financial interests in the process, have sold a narrative that global manufacturing, global sourcing, and global production is the inherent way of the future. The same voices claimed the American economy was/is consigned to become a “service-driven economy.”
What was always missed in these discussions is that advocates selling this global-economy message have a vested financial and ideological interest in convincing the information consumer it is all just a natural outcome of economic progress.
It’s not.
It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates, lobbyists, purchased politicians and massive multinational corporations.
To understand who opposes President Trump, Jair Bolsonaro, or any economic nationalist, specifically because of the economic leverage against multinational corporations their policy creates, it becomes important to understand the objectives of the global and financial elite who run and operate the institutions. The Big Club.
Understanding how trillions of trade dollars influence geopolitical policy we begin to understand the three-decade global financial construct they seek to protect.
That is, global financial exploitation of national markets.
FOUR BASIC ELEMENTS:
♦Multinational corporations purchase controlling interests in various national outputs (harvests and raw materials), and ancillary industries, of developed industrial western nations. {example}
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks. (*note* in China it is the communist government underwriting the purchase)
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
For three decades economic “globalism” has advanced, quickly. Everyone accepts this statement, yet few actually stop to ask who and what are behind this – and why?
Every element of global economic trade is controlled and exploited by massive institutions, multinational banks and multinational corporations.
Institutions like the World Trade Organization (WTO), World Bank and International Monetary Fund (IMF), control trillions of dollars in economic activity. Underneath that economic activity there are people who hold the reins of power over the outcomes. These individuals and groups are the stakeholders in direct opposition to principles of America-First national economics.
The modern financial constructs of these entities have been established over the course of the past three decades. When you understand how they manipulate the economic system of individual nations you begin to understand why they are so fundamentally opposed to President Trump.
In the Western World, separate from communist control perspectives (ie. China), “Global markets” are a modern myth; nothing more than a talking point meant to keep people satiated with sound bites they might find familiar; but the truth is ‘global markets’ have been destroyed over the past three decades by multinational corporations who control the products formerly contained within global markets. This is the function of the World Economic Forum.
The same is true for “Commodities Markets.” The multinational trade and economic system, run by corporations and multinational banks, now controls the product outputs of independent nations. The free market economic system has been usurped by entities who create what is best described as ‘controlled markets’.
Bulletpoint #1: ♦ Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
This is perhaps the most challenging to understand. In essence, thanks specifically to the way the World Trade Organization (WTO) was established in 1995, national companies expanded their influence into multiple nations, across a myriad of industries and economic sectors (energy, agriculture, raw earth minerals, etc.).
This is the basic underpinning of national companies becoming multinational corporations.
Think of these multinational corporations as global entities now powerful enough to reach into multiple nations -simultaneously- and purchase controlling interests in a single economic commodity.
A historic reference point might be the original multinational enterprise, energy via oil production. (Exxon, Mobil, BP, etc.)
However, in the modern global world, it’s not just oil; the resource and product procurement extend to virtually every possible commodity and industry. From the very visible (wheat/corn) to the obscure (small minerals, and even flowers).
Bulletpoint #2 ♦ The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
During the past several decades national companies merged. The largest lemon producer company in Brazil, merges with the largest lemon company in Mexico, merges with the largest lemon company in Argentina, merges with the largest lemon company in the U.S., etc. etc. National companies, formerly of one nation, become “continental” companies with control over an entire continent of nations.
…. or it could be over several continents or even the entire world market of Lemon/Widget production. These are now multinational corporations. They hold interests in specific segments (this example lemons) across a broad variety of individual nations.
National laws on Monopoly building are not the same in all nations. Most are not as structured as the U.S.A or other more developed nations (with more laws). During the acquisition phase, when encountering a highly developed nation with monopoly laws, the process of an umbrella corporation might be needed to purchase the targeted interests within a specific nation. The example of Monsanto applies here.
Bulletpoint #3 ♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
In underdeveloped countries the process of buying a political outcome is called bribery. Within the United States we call it lobbying. The process is exactly the same.
With control of the majority of actual lemons the multinational corporation now holds a different set of financial values than a local farmer or national market. This is why commodities exchanges are essentially dead. In the aggregate the mercantile exchange is no longer a free or supply-based market; it is now a controlled market exploited by mega-sized multinational corporations.
Instead of the traditional ‘supply/demand’ equation determining prices, the corporations look to see what nations can afford what prices. The supply of the controlled product is then distributed to the country according to their ability to afford the price. This is essentially the bastardized and politicized function of the World Trade Organization (WTO). This is also how the corporations controlling WTO policy maximize profits.
Back to the lemons. A corporation might hold the rights to the majority of the lemon production in Brazil, Argentina and California/Florida. The price the U.S. consumer pays for the lemons is directed by the amount of inventory (distribution) the controlling corporation allows in the U.S.
If the U.S. lemon harvest is abundant, the controlling interests will export the product to keep the U.S. consumer spending at peak or optimal price. A U.S. customer might pay $2 for a lemon, a Mexican customer might pay .50¢, and a Canadian $1.25.
The bottom line issue is the national supply (in this example ‘harvest/yield’) is not driving the national price because the supply is now controlled by massive multinational corporations.
The mistake people often make is calling this a “global commodity” process. In the modern era this “global commodity” phrase is particularly nonsense.
A true global commodity is a process of individual nations harvesting/creating a similar product and bringing that product to a global market. Individual nations each independently engaged in creating a similar product.
Under modern globalism this process no longer takes place. It’s a complete fraud. Massive multinational corporations control the majority of production inside each nation and therefore control the global product market and price. It is a controlled system.
EXAMPLE: Part of the lobbying in the food industry is to advocate for the expansion of U.S. taxpayer benefits to underwrite the costs of the domestic food products they control. By lobbying DC these multinational corporations get congress and policy-makers to expand the basis of who can use EBT and SNAP benefits (state reimbursement rates).
Expanding the federal subsidy for food purchases is part of the corporate profit dynamic.
With increased taxpayer subsidies, the food price controllers can charge more domestically and export more of the product internationally. Taxes, via subsidies, go into their profit margins. The corporations then use a portion of those enhanced profits in contributions to the politicians. It’s a circle of money.
In highly developed nations this multinational corporate process requires the corporation to purchase the domestic political process (as above) with individual nations allowing the exploitation in varying degrees. As such, the corporate lobbyists pay hundreds of millions to politicians for changes in policies and regulations; one sector, one product, or one industry at a time.
These are specialized lobbyists.
EXAMPLE: The Committee on Foreign Investment in the United States (CFIUS)
CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States.
CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.
The CFIUS process has been the subject of significant reforms over the past several years. These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008 (more)
Bulletpoint #4 ♦ With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
The process of charging the U.S. consumer more for a product, that under normal national market conditions would cost less, is a process called exfiltration of wealth. This is the basic premise, the cornerstone, behind the catchphrase ‘globalism‘.
It is never discussed.
To control the market price some contracted product may even be secured and shipped with the intent to allow it to sit idle (or rot). This is where the dumping of the milk comes into play. None of this is a market driven outcome. All of this is being controlled by guiding hands of politicians, rule makers, and the partnership with the private sector corporations.
It’s all about controlling the price and maximizing the profit equation. We are discussing food and agricultural production, but the issue (the process of control) covers far more than just food, farming and Ag in general. It’s everything folks. Everything.
To gain the same $1 profit a widget multinational might have to sell 20 widgets in El-Salvador (.25¢ each), or two widgets in the U.S. ($2.50/each).
Think of the process like the historic reference of OPEC (Organization of Petroleum Exporting Countries). Only in the modern era massive corporations are playing the role of OPEC and it’s not oil being controlled, thanks to the WTO it’s almost everything.
Again, this is highlighted in the example of taxpayers subsidizing the food sector (EBT, SNAP etc.), the multinational corporations can charge domestic U.S. consumers more.
Ex. more beef is exported, red meat prices remain high at the grocery store, but subsidized U.S. consumers can better afford the high prices.
Of course, if you are not receiving food payment assistance (middle-class) you can’t eat the steaks because you can’t afford them. (Not accidentally, it’s the same scheme in the ObamaCare healthcare system)
Agriculturally, multinational corporate Monsanto says: ‘all your harvests are belong to us‘. Contract with us, or you lose because we can control the market price of your end product.
The downside is that once you sign that contract, you agree to terms that are entirely created by the financial interests of the larger corporation, not your farm. Additionally, the rule makers (govt), are working hand in glove with the corporations who control the outcome.
The multinational agriculture lobby is massive. We willingly feed the world as part of the system; but you as a grocery customer pay more per unit at the grocery store because domestic supply no longer determines domestic price.
Within the agriculture community the (feed-the-world) production export factor also drives the need for labor. Labor is a cost. The multinational corps have a vested interest in low labor costs. Ergo, open border policies. (ie. willingly purchased republicans not supporting border wall etc.).
This corrupt economic manipulation/exploitation applies over multiple sectors, and even in the sub-sector of an industry like steel. China/India purchases the raw material, coking coal, then sells the finished good (rolled steel) back to the global market at a discount. Or it could be rubber, or concrete, or plastic, or frozen chicken parts etc.
The ‘America First’ Trump-Trade Doctrine upsets the entire construct of this multinational export/control dynamic. Team Trump focus exclusively on bilateral trade deals, with specific trade agreements targeted toward individual nations (not national corporations).
‘America-First’ is also specific policy at a granular product level looking out for the national interests of the United States, U.S. workers, U.S. companies and U.S. consumers.
Under President Trump’s Trade positions, balanced and fair trade with strong regulatory control over national assets, exfiltration of U.S. national wealth is essentially stopped.
This puts many current multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding contracted interest of an asset they can no longer exploit.
Perhaps now we understand better how massive multi-billion multinational corporations and institutions are aligned against President Trump. In essence, Donald Trump is the anti-WEF weapon of the American people.
They will even organize a western corporate war against Russia to stop anyone from blocking their financial goals.
There are trillions at stake.
WATCH:
♦The Modern Third Dimension in American Economics – HERE
♦The “Fed” Can’t Figure out the New Economics – HERE
♦Proof “America-First” has disconnected Main Street from Wall Street – HERE
♦Treasury Secretary Mnuchin begins creating a Parallel Banking System – HERE
♦How Trump Economic Policy is Interacting With The Stock Market – HERE
♦How Multinationals have Exported U.S. Wealth – HERE
Evidence is surfacing that the military was engaged in domestic surveillance in Britain as well as Canada of anyone who was a critic of the COVID lockdowns. It is very clear that there was no historic precedent whatsoever for locking down all of society for a virus that was not even lethal beyond the normal flu virus. All the data coming out on the fatalities and injuries surrounding the vaccines is another issue altogether.
There, the conspiracy theories have suggested that Pfizer has been behind a plot to actually reduce the population which has been a pet project of Bill Gates. It certainly does not do well for society as a whole when our fearless leaders hand absolute immunity to Pfizer to actually kill or maim as many people as they desire all because they did not take the time to really test their vaccines. I choose not to be vaccinated simply because once the government got involved by mandating, there was something seriously wrong and I have spent enough time behind the curtain I know politicians earn a couple hundred grand a year but manage to retire as multi-millionaires. Once the government gets involved, never trust anything. They do not prosecute themselves.
As far as the surveillance is concerned, they have no doubt assembled lists of those of us who resist the tyrannical decrees of the government. Those who resist being mindless drones are a threat to the survivability of the government. Hence, the lockdowns were a perfect way to sort out those who have a brain, and others who are just gullible and think the government is the adult version of Santa Claus. We are all on some secret list, that much we can count on. It has never been a Government of the People, but a Government Against the People as history has always shown for 6,000 years. It’s just all part of 2032.
This is a topic we have covered extensively, and it is great to see Tucker Carlson questioning the sudden alignment of various elements that are creating a very real food insecurity problem.
The #1 factor in the shortage of food production is the newly emboldened ‘western energy policy‘ and the impact energy has on everything from field (fertilizer) to fork (distribution). Other factors include government policy that blocks food development (Dutch, Irish and Sri Lanka Farmers), a sudden uptick in food facilities having major fires and damage, and a series of issues with the feed that goes into the production of proteins.
This is all happening as the advancement of insects as a more “sustainable” protein replacement is being advanced by the same western governments. However, if you happen to notice that all of the issues travel in the same direction, you are a conspiracy theorist, or something. WATCH:
We have been watching the predictable outcomes surrounding the western government shift to change energy policy for almost two years. Approximately a year ago we first said, “the absence of food will change things.”
As energy resources like natural gas were curtailed the resulting price increase and subsequent shortage of fertilizer was discussed in great detail well in advance.
Now, we are starting to see exactly what those warning voices were talking about.
An interesting article in ZeroHedge Saturday [SEE HERE] draws attention to how the media can no longer try to ignore the created global food crisis.
ZeroHedge – People on the other side of the planet are dropping dead from starvation right now, but most people don’t even realize that this is happening. Unfortunately, most people just assume that everything is fine and dandy. If you are one of those people that believe that everything is just wonderful, I would encourage you to pay close attention to the details that I am about to share with you. Global hunger is rapidly spreading, and that is because global food supplies have been getting tighter and tighter.
If current trends continue, we could potentially be facing a nightmare scenario before this calendar year is over. (read more)
The article then goes on to detail the issues and food shortages in Pakistan, India and the entire African continent. Factually, according to media reports on the region, the worst food crisis in history is happening – yet most U.S. and European Union media are avoiding it. The famine is happening in almost complete western silence.
Keep in mind, none of this is unexpected. In fact, the G7 countries discussed the pending problem in mid 2022, yet no one took any steps to avoid it.
Vladimir Putin’s military action against eastern Ukraine had nothing to do with the severe food shortages and inflation in Sri Lanka {link}. Nor did Russia have any influence over the Dutch government trying to stop food production {link}. Additionally, Putin had no control over Justin Trudeau’s decision to limit harvest yields by blocking the use of nitrogen-based fertilizer {link}. More importantly, it was not Vladimir Putin who forced all the western politicians to sign up for a new ‘climate friendly’ energy program that is destroying the ability of western farms to generate higher yield crops.
You do not need to be a farmer to understand that nitrogen/phosphorus-based industrial fertilizer has been the reason why farm yields have generated massive amounts of food on a global basis. The United States, Canada, the U.K. and places like the Netherlands have massively increased their ability to generate food for export, in large part due to the success of improved fertilizer and crop saving modern pesticides. Take those farming advancements away under the guise of climate change and you get Sri Lanka, Pakistan and now the African Continent.
Those western climate and energy policies create downstream consequences. The decision to chase a new global energy policy under the name “Build Back Better,” in combination with short-sighted EU sanctions against Russia, and you get food shortages.
It was not Vladimir Putin who told British Prime Minister Boris Johnson and German Chancellor Olaf Scholz their proactive recommendation to switch from crop-based biofuels to human food would be blocked. That G7 decision was made by Justin Trudeau and Joe Biden. {link} Even more significantly, it was not Russia who threatened the multinational energy companies about investing in Africa for expanded natural gas supplies for their fertilizer needs. That threat came from the same western government alliance, per their instructions from the World Economic Forum group {link}.
It was predictable {JUNE 21st} {June 30th} and {July 6th} that western government leaders would seek to avoid responsibility for the food crisis they created, and throughout the latter part of 2022 we saw western media trying, desperately, to frame Russia for global food shortages in order to protect western politicians.
I said this in July of last year and as the consequences now surface it is even more critical to understand.
Joe Biden, NATO, the G7, the European Union, the World Bank, USAID, and every western leader in the United States and Europe stated in early and mid 2022 there will be food shortages in 2023.
They did not say there might be shortages; their statements were emphatic, there will be shortages.
Accept this basic cornerstone. Then ask why not a single proactive step has been taken by any of the aforementioned institutions or governments to alleviate what they declare is a certainty. Why?
Simple question, “why?”
If all of the western nations, non-govt organizations and heads of state, are aware of a coming food crisis, why is there no proactive response?
It is a question that even the most hardcore leftists will not answer, because there is only one answer. No action is being taken because they do not want to take action. No effort to avoid the crisis is being done, because they do not want the crisis avoided.
Peel all the layers of obfuscation and causation away, and what we find is the epicenter of the food shortage is directly the result of the Build Back Better agenda. A post-pandemic western government deliberate decision to radically change global energy development. In succinct terms, the climate change agenda.
However, regardless of how you feel about the validity of “climate change,” the cause of diminished food supplies is purposeful. It is not climate change causing food shortages. It is the purposeful action taken under the guise of mitigating climate change that is causing the shortage of food.
The collective Build Back Better energy policy of western governments’ is the reason for massive increases in energy costs, massive oil price jumps, gasoline price increases, significant increases in chemical costs, increases in diesel fuel costs, shortages of fertilizer created using natural gas, and the end result is lower crop yields, higher farming costs and eventually, food shortages. They knew this.
All of the organizations and government who have been decrying the future shortage of food, know it is the radical shift in energy resource development that is creating the crisis. This acceptance of reality begins the framework to understand just how entrenched and committed these western leaders are toward their beloved climate change agenda.
We are only just now beginning to see the first aspects of the food shortage. However, once the issue becomes unavoidable the western leaders will not and cannot accept the blame for what they have done. They will blame-cast, excuse and justify what is surfacing.
Food shortages will be blamed on the Ukraine conflict, Russian aggression, climate change and any various iteration of justification that does not identify the true cause, their energy ideology.
I’m not so sure that people fully understand what the entire system of western government would be willing to do to avoid being blamed for avoidable death on a potential scale that is quite alarming. All of the western leaders, institutions and governments are on the same boat. They are all in this together.
The need for food “clashes with EU green goals.”… Let that sink in.
Priorities!
Nothing to see here comrade, nothing to see….
QUESTION: Why do you buy hoards? It is interesting. Just curious.
JY
ANSWER: The coinage is the ONLY way to truly confirm the history. Much of the most important periods like the 3rd century AD, the fall of the Republic, or the Revolution during the Debt Crisis of the 1st century BC known as the Social War, can only be properly understood through the coinage lacking really detailed accounts of financially what was taking place. By recreating the monetary system using coinage, I was able to answer the question – How did Rome Fall? Gradually? Or Catastrophically? By assembling all the coinage, and testing it out, I could establish what nobody else could due using documents or archaeological digs. Rome collapsed in just 8.6 years.
That was then observed in testing and using the same methods around the world. The collapse of the English coinage that inspired Gresham’s Law, bad money drives out good, also took just 8 years.
The Great Monetary Crisis of 1092 saw the gold content collapse also in just 8 years. The same pattern has unfolded time and time again. History repeats NOT because of wars or abstract theories. It repeats simply because human nature never changes – on technology.
The computer was about to forecast the fall of Communism in 1989.95 and it spread and took down the Berlin wall a few months after Tiananmen Square. People attributed that to modern communication. That was nonsense, The Roman Republic fell in 509 BC, and in the same few months in Athens, they too overthrew their tyrants, and Democracy was born.
The question is NOT how fast the information spreads. It could have traveled from Rome to Athens in a few days. The real question is how long does it take to filter through society to create political change?
Therefore, assembling the number of coins by examining hoards and the number of different dies multiplied by 15,000 will give us a good idea of the money supply at that time as illustrated above. Granted, this research project cost tens of millions of dollars to produce. Nonetheless, it has yielded a wealth of information that enabled us to see specifically what took place economically. Human nature has not changed. When Rome burned, Nero did visit the victims. Tiberius issued coins for the aid of Asia when a major earthquake devasted the region we call Turkey today.
I am finishing a book on the famous Battle of Actium where Mark Antony lost to Octavian giving birth to Imperial Rome. The number of dies and the amount of coins issued by Antony demonstrates that the entire wealth of Egypt was at his disposal and it was really an Egyptian proxy war against Rome. The number of silver denarii struck had to be at least 25 million. The sheer massive amount of the increase in the money supply thanks to Egypt was huge. Antony’s coins remained in circulation for decades, although very work. They were the most common coin found in hoards at Pompeii in 79AD about 100 years later. Hoards enable us to see the cost of that war and how it changed Egypt and Rome.
Where Rome began with bronze as its monetary unit and one pound was known as a Roman As, we can see that the price of the Punic Wars as what was one pound of bronze consistently declined. Here we found it was six waves of 51.6 years which are in themselves six waves of 8.6 years, that produced the major wave of 309.6 years. So if we look from the beginning of the Roman As being 341 grams in 280 BC, by the time we get to Nero in 54AD, the Roman As was about only 10 grams.
Even looking at the reforms of Diocletian in 295AD, his introduction of the follis declines remarkably also following the six waves of 8.6 years. I have looked at the monetary systems of Asia, the Middle East, Europe, and the Americas. they have conformed to the Economic Confidence Model confirming that this is a cycle that clearly incorporates everything from war to climate change.
Even though Emperor Titus’ (79-81AD) reign was marked by a relative absence of military and political conflicts after his father, Vespasian (69-79AD) had defeated Judaea was defeated, there were several disasters during his brief leadership. On October 24 in 79 AD, Mount Vesuvius erupted and almost destroyed the cities and resort communities around Naples. The cities of Pompeii and Herculaneum were buried under stones and lava in 79AD shortly after Titus (79-81AD) came to power. Titus made all efforts to help the victims of the volcano and donated large amounts of money from the imperial treasury. The emperor visited Pompeii right after the tragedy happened.
A single silver denarius was discovered in 1974 among the 180 silver coins buried in Pompeii. When it was cataloged, it overturned history. Titus’ father died on June 24th, 79 AD. Therefore, any coin of Titus as emperor would have to have the very first recording of his power “IMP VIIII” or 8th Imperator, which was a title that meant ‘leader of the army’ to the Romans. The coin discovered in Pompeii had the legend “IMP XV,” which was granted to Titus for the war in Britannia. Titus sent Gnaeus Julius Agricola who pushed further into Caledonia and managed to establish several forts there as recorded by Tacitus (Agricola 22). Therefore, Titus received the title of Imperator for the fifteenth time for this event, according to Cassius Dio (Roman History LXVI.20). This took place we know in September 79 AD about 3 months after becoming emperor following his father’s death. Obviously, if any coin was discovered in the ruins of Pompeii with “IMP XV” in its legend, then this provides absolute proof that the date for Vesuvius of August 24th, 79 AD cannot be correct.
Archeologists in Pompeii have discovered a remarkable inscription written in charcoal which has survived the catastrophe confirming that the eruption of Mt Vesuvius indeed took place in October 79AD as confirmed by the coin discovered and ignored by historians. The charcoal writing, discovered on the wall of a villa during a new phase of excavations, adds weight to a theory that the volcano destroyed the town in October 79AD rather than August of that year in line with Cassio Dio and the denarius of Titus. The date of August 24th, 79 AD, came from a letter addressed by Pliny the Younger to the Roman historian Tacitus, originally written some 25 years after the event.
Titus devoted much of his silver coinage of Atonement to the gods for the disaster of Pompeii. There were four main Atonement issues commemorating the services of prayer and propitiation through which the emperor attempted to address the public alarm over the disaster. People often attributed such events to the gods being angry. The coinage showed emblems seeking the approval of Jupiter, Neptune, Apollo, and the deceased former Emperors to watch over the Roman people.
News actually spread rapidly around the Roman Empire. There were formal boards where notices would be posted in which important news and major events would be informed to the people much like such a board in a big company with notices to the employees. These boards were called the Acta Diurna and they were designed to inform the Roman people thereby avoiding fake news. We could call them ancient billboards in modern terms and even government officials would walk up and pin a written notice and the crowds would rush to see what is news. Thus, everyone knew of Pompeii in a matter of days. It did not take long for information to circulate.
Because the coin dies back then were hand carved, we are able to identify the number of dies in use during a given year because each is unique. Just look at these portraits on the famous Tribute Penny of Tiberius (14-37AD). It all depended upon the artistic ability of the engraver.
The coin itself has taken its name because Jesus, referring to a denarius, which the English translated to “penny” because that was their silver coin, asked: “Whose is this image and superscription?” When answered that the likeness was Caesar, He replied; ”Render therefore unto Caesar the things which are Caesar’s and unto God the things that are God’s” (Matthew 22:20-21). Thus, the coin has been called the tribute penny meaning that was how you paid your taxes.
Hoards have enabled me to (1) see what was in circulation at that point in time for the hoard can be dated to around the most recent coin in the hoard. (2) I also have a number of ancient Roman dies like this one of Tiberius. Studies creating modern dies to test how many coins could be struck from such a die before it cracked provides a picture of about 15,000 coins.
By completing die studies quantifying how many were in use, it then becomes possible to estimate the money supply. Here we can see that during the Social War of 90-87BC, there is a drastic increase in the quantity of coinage issued obviously to pay for soldiers. However, conducting metal testing on the coinage of this period, we find that Rome also debased the coinage slightly adding up to 10% copper to the silver. Therefore, studying hoards allows one to actually ascertain the extreme of monetary affairs.
The Social War of the First Century BC was a failed Revolution against the corrupt Republic. The rebellion was waged by ancient Rome’s Italian allies (socii) who were denied equal rights with the Romans, despite the fact that they also fought alongside Romans in battle. They were seeking to separate and thus they fought for independence. Here are the coins of the rebels. They are very rare. You can see the theme celebrating the female head of Italia.
The allies in central and southern Italy had fought side by side with Rome in several wars and had grown restive under Roman autocratic rule, wanting instead Roman citizenship and the privileges it conferred. In 91 BC, the Roman tribune Marcus Livius Drusus proposed granting them Roman citizenship. The arrogance of the Senators erupted into a heated opposition. They went as far as to even Drusus for daring to propose such a decree. That resulted in the revolution.
When I dug deeper, the coinage with the debasement also reveals that there was a financial crisis. In all honesty, it was the Debt Crisis that ended the Roman Republic. There was a Sovereign Debt Crisis during the Roman Republic period that resulted in a dictatorship and a debt default. The Roman Debt Crisis of the 1st century BC has left behind a vivid account of what took place. The volume of gold and silver in Italy had increased dramatically during the late 2nd century BC following the Punic Wars. We have the first real gold coins issued by the Roman Republic at that time.
However, this concentration of wealth, which was akin to the United States after World War I and II, was absorbed by commercial expansion and investment in Gaul and Asia. A period of excessive concentration of money and large profits came to an end with the rise of the Social War of 91-88BC which was a war waged between the Roman Republic and several of the other cities in Italy (no taxation without representation), which prior to the war had been Roman allies for centuries. The war was begun by the Picentes because the Romans did not want to afford them Roman citizenship, thus leaving the Italian groups with fewer rights. The war resulted in a Roman victory and genocide against the Samnites. However, Rome granted Roman citizenship to almost all of its Italian allies, including the Samnites, to avoid another war. Therefore, we find that the debt crisis was correlated with a separatist movement – which we are beginning to see worldwide starting in Europe, but will eventually become a contagion in the United States as the conflict between left and right erupts after the November elections.
The Social War led to the complete state bankruptcy of the Roman State. We can see the dramatic rise in the money supply created during this time of war. This turmoil was then followed by the dictatorship of Sulla who then imposed an attempt to control the debt crisis capping interest rates at 12%. The previous legal rate was capped at 8.5%, but obviously, the market had exceeded that limit and Sulla had to confront that reality in 88BC. The debt crisis continued and then in 86 BC, the government was compelled into default. This is when the Valerian Law came into play. The State debts were defaulted on and thus reduced to 25%.
The likely Chairman of the House Permanent Select Committee on Intelligence (HPSCI), Mike Turner (R-OH), appears on CBS Face the Nation with DC stenographer for the regime, Margaret Brennan.
You know the left wing of the DC political operation is riddled with angst, when Margaret Brennan goes tilt, stomps her heels and throws the proverbial coffee pot across the table. The only thing missing was Margaret pounding the table and yelling ‘curse you villain.‘ The unbiased pretenses are chucked right out the window here. The interview is a little funny. WATCH:
[Transcript] – MARGARET BRENNAN: We go now to Ohio Congressman Mike Turner, he is expected to head up the House Intelligence Committee. Good morning to you.
REP. MIKE TURNER: Good morning Margaret, thank you for having me.
MARGARET BRENNAN: So we have this development in regard to the further materials that were found at President Biden’s Delaware home. What is your reaction? And what does it signify to you that no one realized that this classified material was missing, some of it dating back to his Senate years?
REP. TURNER: This is really incredible. And as you know, congratulations to you, we would not know anything about this if it hadn’t been that CBS had broken this story. The White House nor the Department of Justice had shared any of the information with the public. And this really is one matter, we wouldn’t have this issue if it hadn’t been for Biden’s Attorney General did- making the decision to raid former President Trump’s house looking for- for classified documents that were being held there. What’s amazing about all this is it takes us to the question of why were these documents here? Well, now that we learned that some of these go back to his Senate time, you know, clearly he’s- he’s become a serial classified document hoarder. Why did he have these? Who did he show them to? I mean, the only reason you can think of as to why anyone would take classified documents out of a classified space at home is to- is to show them to somebody. Who did he show them to? This is going to be crucial, I think, to the special counsel’s investigation, is why did the president have these documents? Who did he show them to him? And is it connected to the Biden family businesses?
MARGARET BRENNAN: Well, you know, the differences of course, too. I want to talk about the Biden situation. But just to clarify, when you reference President Trump, there were 300 classified documents, there was a warrant, there was refusal to comply in terms of handing things over and the White House and the president’s lawyer are pointing out that in the case of Biden, he granted permission, and this was consensual for the DOJ to come in and search. Does the fact that the Justice Department conducted the search signify anything more to you and do you have any insight into the sensitivity of the documents?
REP. TURNER: Sure, absolutely. I think this looks more like a cover up than an investigation.
MARGARET BRENNAN: Do you have any facts to back up your- your allegations that he was hoarding things in terms of intention to take classified material versus it’s been characterized that it was somehow accidental? Do you have any insight into what these materials were?
REP. TURNER: Well, they didn’t fly to his home without him. They went on a train with him from the- his Senate offices and then in boxes that he was in charge of. The chain of custody here is going to be important, because we know that these were in Joe Biden’s hands and Joe Biden’s control, then ended up behind his Corvette in his garage and in his office, that he did not control and also throughout his house, so the special counsel is gonna have to deal with the issue of what was the chain of custody? Who had these? Why did he take them to begin with? When did he get them? When was he handed these documents? And what did he do with them? And this is a real critical question to all this, why did he have these documents to begin with? And that is why the special counsel’s work is going to be really important, because I can think of no reason why the president should have taken home, as a senator or as vice president, any classified documents that clearly have no protection. They’re available and open to anybody.
MARGARET BRENNAN: You have also before this development asked for a briefing from the Director of National Intelligence. You set a deadline of Thursday, do you have any further reason to believe they will meet that deadline, that you will get any insight into these materials?
REP. TURNER: Well we’ll have to see, but what’s critical here–
MARGARET BRENNAN: They haven’t responded?
REP. TURNER: –And this is very important, this is what’s very important to all of this, Margaret, and that is the FBI and the national archivists were working completely independent of the intelligence community, or the Department of Defense. They claim this was all an issue of national security, but they did not speak to anyone who’s involved in national security.
MARGARET BRENNAN: So no response yet from the intelligence community?
REP. TURNER: I have not received a response, no.
MARGARET BRENNAN: Okay. I also want to ask you what leadership looks like with Republicans in charge. You are also on House Oversight.
REP. TURNER: Right.
MARGARET BRENNAN: Of the 26 Republican members on the committee, 19 of them denied the results of the 2020 election. Your colleagues now include Marjorie Taylor Greene, Paul Gosar, Andy Biggs, Lauren Boebert, Scott Perry. They all played critical roles in – in the former president’s attempts to overturn the 2020 election results. Do you have any concerns about working with these lawmakers? I mean, you’re very much a centrist.
REP. TURNER: Well, you know, even on the Democrat side, there’s been a number of people who objected to President Bush’s reelection and voted against certifying his election.
MARGARET BRENNAN: I am asking about you, your party, and your colleagues.
(CROSSTALK)
REP. TURNER: There’s a long history of both sides, having raised issues, including, you recall, the- Al Gore taking President Bush’s election all the way to the Supreme Court.
(CROSSTALK)
MARGARET BRENNAN: You are not an election denier by CBS standards just to be clear.
REP. TURNER: I am not, and I work with both sides of the aisle, and there are election deniers on both sides of the aisle.
MARGARET BRENNAN: You are comfortable with all those individuals I just rattled off and the fact that the majority of the Republicans on this committee denied the election results. Is that what you are saying?
REP TURNER: What I’m comfortable with is -the electorate are very smart. And these people have been sent to Congress to represent their districts and to be part of the congressional debate-
MARGARET BRENNAN: Yes.
REP TURNER: -to lead us to what’s going to be bipartisan, bicameral resolutions. We have a split government right now, Republicans control the House, the Senate is controlled by the Democrats, you have a Democrat president. We’re going to have a lot of debate and discussions. And I think this is going to be a very fruitful period for- for Congress and for our country, because it’s going to have to be bipartisan, bicameral, and I believe that the president in opening negotiations with Republicans is beginning to start that process.
MARGARET BRENNAN: What is actually possible in this bipartisan, bicameral situation? What can you actually get legislation through on?
(CROSSTALK)
REP. TURNER: Depending on what the pending- what the president’s willing to do, I think it’s unlimited. Right? We have really tough issues right now. We have out of control inflation. We have an open border and record people crossing our border.
MARGARET BRENNAN: What about gun control?
REP. TURNER: We have -we have the issue of Russia, and certainly in Ukraine, and certainly China, I think we’re going to have a number of issues that we’re going to have to deal with.
MARGARET BRENNAN: All right, Congressman Turner, we have to leave it there today.
REP. TURNER: Thank you, Margaret.
There is something predictable about Main Street economics, eventually what you see around you overwhelms the great pretending. CTH has been outlining the state of the consumer economy in great detail for quite a while, and though it is difficult to note when the outcomes will surface, eventually they do surface. [Reminder Here]
CONTEXT. CTH outlined the moment when the purchasing power of the U.S. middle class actually began contracting. It was March and April of 2021 when that Rubicon was crossed. We saw it in the second and third quarter data from 2021, but few were willing to admit.
What changed in those two months back in ’21 was a dramatic drop in the “unit sales” of stuff within the consumer economy. The drop in unit sales was hidden because it happened simultaneously with the first wave of massive spike in prices. Prices rose so fast the sales data was giving an artificial impression of sales growth, but in the background the actual unit sales dropped. Those analysts correcting and adjusting historic data to ‘inflation adjusted terms’ are now noticing.
Additionally, and not coincidentally – because the metrics are connected, you will note this line from the Wall Street Journal review of the producer price index. “The producer-price index, which generally reflects supply conditions in the economy, rose 6.2% in December from a year earlier, the Labor Department said Wednesday, the slowest annual pace since March 2021.” In essence, the current rate of wholesale price increase on materials is now returning to the rate of price increase that happened in the period when prices spiked. Again, this is predictable.
Inflation is the measure of the ‘rate’ of price increase over time. March and April of 2021 were the beginning of the first inflationary spike.
Driven almost entirely by the supply side shock from Biden energy policy, in the subsequent 20 months the rate of price increase skyrocketed, peaked August 2022, and now the rate of increase starts returning. This does not mean price declines; this means the rate of growth in the price increase is lessening.
This is a cyclical outcome.
After 20 months of dropping unit sales, a result of massive price increases; and as the rate of inflation now starts to moderate created by the cyclical nature of it; what we now see is the inability of the price increases to continue hiding the drop in unit sales. [Background pdf Data] Total retail sales data is now exposed and that’s why we will see this increasing story about negative sales data as the inflation cycle plateaus.
(Via Wall Street Journal) – Retail spending fell in December at the sharpest pace of 2022, marking a dismal end to the holiday shopping season as rising interest rates, still-high inflation and concerns about a slowing economy pinched American consumers.
Purchases at stores, restaurants and online, declined a seasonally adjusted 1.1% in December from the prior month, the Commerce Department said Wednesday. Sales were also revised lower in November and have fallen three of the past four months.
The decline in retail spending late last year adds to signs that the U.S. economy is slowing. Hiring and wage growth eased in December, U.S. commerce with the rest of the world declined significantly in November, and existing-home sales have fallen for 10 straight months. The Federal Reserve said Wednesday that industrial production slumped in December, led by weakness in the manufacturing industry.
S&P Global downgraded its estimate for fourth-quarter economic growth by a half percentage point to a 2.3% annual rate after Wednesday’s data releases. Economists surveyed by The Wall Street Journal this month expect higher interest rates to tip the U.S. economy into a recession in the coming year.
“The lag impact of elevated inflation weighs heavily on U.S. households, it’s very clear that the median American consumer is still reeling from the loss of wages in inflation-adjusted terms,” said Joseph Brusuelas, chief economist at RSM US LLP. “We’re moving towards what I would expect to be a mild recession in 2023,” he added. (read more)
When the Baghdad Bob economic pretenders say, “mild recession,” anticipate something more akin to a mild nuclear meltdown, something with breadlines and soup kitchens.
Now, you must keep in mind that almost every financial media outlet used the same Retail Federation talking point about anticipating an 8% increase in holiday sales last year. [Reminder] Apparently, collective pretenses must be maintained. Meanwhile, news crews and camera crews were having a desperate time finding any holiday shopping to use as background footage for the claims that sales were strong. Here we are in January and the pretending has hit reality.
Negative retail sales in November and December when prices are roughly +10% over the prior year, means the unit sales collapse was far more dramatic…. Far more.
Trying to survive policy driven price increases in housing costs, energy costs, electricity costs, home heating, food and fuel costs has forced consumers to reevaluate purchasing decisions. Consumer demand for non-essential items has collapsed, and Americans are dig deep into their savings just to sustain unavoidable expenses. Eventually, pretending this is not happening is going to run into the wall of reality.
On one hand the leaders of large multinationals must pretend everything is splendid; after all, the only acceptable position they can articulate is to support interest rates being raised because demand is just too darned high…. pretending. But on the other hand – those same suppliers and multinationals are furiously trying to calculate how to avoid being stuck with billions worth of unsold inventory and idle industrial equipment.
Steven Crowder is a smart and witty voice, generally a happy warrior who has been in the battle against the cultural and political progressive movement for over a decade. He’s been in the fight for quite a while and deserves a great deal of praise for bringing a generation of younger people into the fold. I respect his long-established time in the trenches of the cultural war, and we are helping him deliver his message.
Crowder’s audience, the “Mug Club”, is likely a mix of Gen-Z and Gen-X rebels throwing sand into the machinery. He does a great job producing content that deconstructs the insanity of the political left in a way that works and expands his audience. Crowder has almost 6 million YouTube subscribers and while I don’t follow him closely, the message he delivered yesterday is very pertinent.
The problem he outlines is an inside baseball dynamic taking place in the background of the conservative media. It essentially boils down to a financial issue CTH raised a long time ago when the first signals of this troubling trend started. Most of the “well known” conservative media outlets have been purchased and co-opted by a financial system that ultimately controls their content. If you have the time, WATCH:
.
What Crowder is discussing is the reason why Michelle Malkin dropped out of the fight. The “BigCon” Crowder notes is essentially like the Fox News of alternative media. They offer incentives to monetize the content provider (broadcaster, website, pod caster etc.) then lock the content providers into extremely controlling contracts that control the outcomes.
Ultimately, what the audience ends up seeing is an approved finished product that is acceptable to BigCon and Big Tech. In essence they are in bed together to stop bold and alternative conversation and filtrate the message to shades of soft pastels.
Charlie Kirk, Turning Point USA (TPUSA), Posobiec, Tim Poole, Conservative Review, CRTV (Glenn Beck, Blaze), Mark Levin, Dave Rubin, Salem Media [Townhall, Hot Air, Twitchy, Red State, PJ Media], The Daily Wire with Ben Shapiro, Candace Owens, the list of names and outlets who participate in this overall system is very long. Upstream you will find the same financial underwriters, and all of them have a commonality.
Crowder is at an inflection point and obviously he is unwilling to capitulate to the guiding hands in control that no one is allowed to discuss.
Good for him. I hope he can leverage his influence to break the control mechanism, give startups an alternative, and continue the rebellion.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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