Fraudster Tries to Sell $20 trillion of Bitcoin


The Japanese cryptocurrency exchange Zaif has come out and admitted that a “system error” allowed customers to “buy” trillions of bitcoin for free. The Japanese newspaper, Asahi Shimbun, reported that Zaif informed users of the error in a post on their website. They explained that users could inadvertently “trade” the yen for virtual currency at an exchange rate of 0 yen per bitcoin.

Asahi Shimbun reported that seven users were able to obtain crypto for “free,” but the exchange managed to cancel all illegally acquired transactions.

Nonetheless, one fraudster who was bought Bitcoin at a zero rate then tried to sell 2,200 trillion yen (about $ 20 trillion) in bitcoin before the problem was solved. Zaif has been under scrutiny for its 530-million-dollar hacking of the Coincheck, the Japanese crypto exchange in January.

Canada Also Adopted the BAIL-IN moving from Socialism to Tyranny


Yes – Canada has also adopted the BAIL-IN abandoning the socialist BAILOUT so banks can take depositors money legally. This is how we move from Capitalism to Socialism to Tyranny,

 

Britain’s New Law UNEXPLAINED WEALTH ORDERS Targeting the Rich


From January 31st, 2018, the UK authorities have a new power. They can now use new and expansive investigative authority to require both individuals and corporate bodies to provide information as to how they acquired property. Known as Unexplained Wealth Orders (“UWOs”), which is another step toward tyranny all because governments are totally incapable of managing their own finances. They line their own pockets with promises of pensions for government workers and when they need to be paid their attitude is simply that the people are like an apple orchard – just go pick some more apples when you get hungry.

The new UWO imposes obligations to disclose information with respect to property anywhere in the world and can even be served on persons living outside the UK. Britain is taking a step closer toward imposing worldwide taxation for it is now requiring even non-resident to divulge information that historically was not taxable. The legal framework behind UWOs, and their interaction with other criminal and civil statutes, as well as the implications for individuals, institutions, and trustees are serious issues.

What has taken place is rather stark and we can expect that other countries will file Britain’s lead. This new law has turned the entire legal system on its head. We have always believed that we were supposed to be innocent until proven guilty. That has been completely eradicated from the law. The UWOs now presume guilty and it becomes your burden to prove you are innocent.

The Legal background

Sections 1 to 9 of the Criminal Finances Act 2017 (“CFA”) have now amended section 362 of the Proceeds of Crime Act 2002 (“POCA”), This has created a whole new regime of UWOs. As of January 31st, 2018, several of the UK authorities have new powers including the National Crime Agency, Serious Fraud Office, Financial Conduct Authority and HM Revenue & Customs. All of these agencies are now able to require both individuals and corporate bodies to explain how they obtained an interest in a specified property.

The Court may now also engage in a UWO requirement where the following four conditions are satisfied:

Condition 1: There are reasonable grounds to believe that the person holds the asset(s).

Condition 2: There are reasonable grounds to believe that the cumulative value of the asset(s) is greater than £50,000.

Condition 3: There are reasonable grounds for suspecting that the known source of the person’s lawfully obtained income would have been insufficient for the purposes of obtaining the property – for these purposes, the Court will consider any mortgage or other security that it is reasonable to assume was or may have been available and assume that the person obtained the property for market value.

Condition 4: The person falls into one of the following categories –

· The person is a “Politically Exposed Person” (“PEP”) i.e. someone entrusted with prominent public functions by an international organisation or any country other than the United Kingdom or another EEA state;
· The person is a family member, a close associate or a connected person of a PEP;
· There are reasonable grounds for suspecting that the person is, or has been, involved in serious crime (either in the UK or elsewhere) (“a suspected criminal”) – serious crime will include fraud, money laundering, tax evasion, sanctions offences, and bribery and corruption; or
· The person is connected with a suspected criminal.

UWOs must be served in accordance with the usual Civil Procedure Rules. So in other words, we are looking at a whole new type of power. You are now GUILTY and you must prove your INNOCENCE.  I have explained that I was held in prison for “Civil Contempt” not CRIMINAL. The difference is one I was being “coerced” and the other is you are being “punished” so only then are you entitled to a real trial by jury.

Here we have the same pretense. The burden and standard of proof regarding UWOs fall under the civil investigative tools and as such they do not form part of the UK’s criminal law regime. Therefore, as long as it is civil, you can be stripped of all rights and any imprisonment is “coercive” so you are not being punished. Consequently, the UK authorities can engage in full-blown tyranny applying for a UWO they will only need to show “reasonable grounds” for their suspicions. This is a much lighter legal standard than the “realistic prospect of conviction” standard required in order to bring criminal prosecutions what is call in America “probable cause”.

The real danger her is there is no practical limitation on the scope. That means the UK is applying the scope to worldwide turning its citizens and corporations as well as trusts into tax slaves. Laws are normally limited to TERRITORIAL JURISDICTION meaning if you killed someone in Paris, you stand trial in Paris not in Hong Kong or wherever you are a citizen. Hence, here the scope of UWOs can be made in respect of any property, regardless of where in the world it is located converting everyone to a tax slave. This applies to any individual or corporate, whatever their place of residence, business or incorporation (there is no requirement to demonstrate a nexus to the UK). This is really tyranny for the way the code is written, they could bring this to anyone even if not British. UWOs can be made in respect of any property, including property acquired before January 31st, 2018, as well as property held by more than one person meaning partnerships and trusts. Laws have traditionally been regarded as tyranny if they are applied retroactively, known as Ex Post Facto. Here, because this is “civil” in pretense, they are circumventing all the historic safeguards against legal persecutions by writing a law after the fact to make something criminal.

The penalties of a failure to respond to the UWO within the prescribed time without reasonable excuse will give rise to a presumption that the property specified in the UWO is recoverable for the purposes of a civil recovery order (“CRO”) which means the property will be presumed to be ill-gotten gains and seized by the government. You then will have the burden to prove you are innocent and you are presumed to be guilty. If you refuse to answer, they can throw you in prison until you die as they did with me using the contempt of court powers. If you lie in any statement in response to a UWO, now this becomes criminal and punishable by a prison sentence of up to two years and/or a fine.

You will be deemed guilty unless you have “reasonable excuse” to have failed to comply with the terms of the UWO, yet what constitutes a “reasonable excuse” is not actually defined. In the States, a mother was required to pay her son’s student loan even though he had been killed and the court held that was not a “reasonable excuse” so this becomes a pure tyranny.

The UWO also allows in the legislative changes a new Interim Freezing Order (“IFO”). So, the government can freeze your assets until you comply. The High Court may grant a IFO to prohibit a respondent to a UWO (and any other person with an interest in the property) from dealing with the property specified in the UWO. If the court issues an IFO, the agency bringing the action must determine whether or not to instigate proceedings within 60 days. If it fails to do so, the IFO will expire, however, the relevant authority is still free to determine what proceedings it may take against the respondent “at any time” in the future without any statute of limitations – another tyranny under the law.

magna_carta_signing

The DANGER in this legislation is simple. It is pure and unadulterated tyranny for it removes ALL protections of law and shreds the English Bill of Rights no less the Magna Carta.  Then King John also derived income from fines, court fees, and the sale of charters and other privileges. Fines were called “amercements” and at the time, it was said that there was hardly an Englishman of substance who had not been amerced at least once a year. Magna Carta introduced the right to trial by jury, where the people decide if someone is guilty and what the fine should be. This drastically curtailed the king’s abuse of the legal system at that time. King John was very unpopular, for he had intensified his efforts to maximize all possible sources of income to regain Normandy. Contemporary commentators describe him as “Avaricious, miserly, extortionate and money minded.”

The entire right to trial by jury was to stop the king and his corrupt courts from fining people to raise money. This law has shredded the Magna Carta and has restored all the former tyranny of the King once again to raise money. In 2015, that marked the 800th year following the signing of Magna Carta.

California Counties Suing Exxon Commit Securities Fraud?


The Global Warming Conspiracy is desperately trying to destroy the world and end modern society as we know it. Of course, it is California countries who have argued in court bring a lawsuit against Exxon claiming that by 2050, their towns will be destroyed and under water. Exxon has pointed out that they have no problem selling $8 billion worth of debt.

San Mateo’s 2014 and 2016 bond offerings represented to investors that the county “is unable to predict whether sea-level rise or other impacts of climate change or flooding from a major storm will occur.”

When selling debt, they say there is no definitive risk and yet when they are trying to sue for more money they state they will be wiped off the planet and thus that is Securities Fraud.

These lawsuits are getting out of control. Congress need immediately to change the law that loser pays all legal fees racked up by their opponent. These lawsuits are frivolous and highly dangerous. The oil industry should shut down all gasoline stations in any county, city, or municipality that files such a suit. Then we will see the people throw out these greedy politicians in a matter of days.

California, which lacks public transport, should be shut down immediately. All energy companies should suspend all sales of all fossil fuels in California INSTANTLY. That is the only way to show how this nonsense will impact society. STOP selling all fuel in California until the people throw these greedy politicians out of office.

The Coming Banking Crisis & The End of Bailouts


Behind the curtain, there is a growing concern about a serious banking crisis beginning once again in Europe. Many governments are talking about the crisis behind-the-curtain and we are now beginning to see steps that are being taken to end the TO-BIG-TO-FAIL policies that dominated the 2007-2009 Crash.

The United States is looking at a new radical bank rescue policy where the government is proposing to revise a central pillar of the idea of bailing out banks creating new financial regulation with a new Chapter 14 bankruptcy procedure. They are looking at eliminating the risk of taxpayers’ costs to bail out banks. They are investigating the means for an orderly resolution so that the taxpayers do not have to bail out the banks. This development is causing some concern among the high-flying Wall Street banks, for if that is the case, then another crisis as 2007-2009 will result in even Goldman Sachs closing. The proposal looks to shift the burden to the shareholders and creditors of that bank. This means depositors who are thus creditors.

In Australia, we see similar legislation being proposed. This is the Financial Sector Legislation Amendment (Crisis Resolution Powers and Other Measures) Bill 2017. This also authorizes bail-ins bringing an end to the bailout.

 

Rising Interest Rates


While the stock market crashed as the pundit looked in their bag to try to come up with an excuse, they blamed rising inflation and interest rates. Yet, nobody is really paying attention to the underlying trend. The cost of carrying debt has been rising gradually and there are noticeable measurable impacts that the pundits are of course oblivious to since they have to explain every day’s movements and not the real trend.

Already, the 10-year rate is piercing above the 2.6% area. There is an impact on the currency once people begin to comprehend the trend. The 10-year German bond rate is 0.70%, and this has been maintained by the ECB buying 40% of European government debt to no avail for nearly 10 years.

The real crisis comes when they realize that the ECB will not be there to buy government debt. The bidders will demand a higher yield so rates will rise very rapidly.

Meanwhile, the Fed will pursue higher interest rates as they need to be normalized to help pensions funds that are rapidly collapsing. This idea of a lower dollar will raise the price of imports and with tariffs, inflation in consumer products will rise.

Mueller is still not ending his investigation. Why should he? He would have to go get a real job in the private sector. Keep the investigation alive to pay the light bills. He shows no sign of embracing unemployment. His pretend indictment is dancing between raindrops, indicting people in Russia knowingly there will never be a trial. We cannot count him out yet as a factor that will undermine the economic confidence.

So we stand at the threshold of rising rates that will then feed into the market and create a bid for the dollar it appears after March.

 

India Enters the Sovereign Debt Crisis


I have warned continually that the Sovereign Debt Crisis will unfold not so much by people selling government debt, but by the lack of people buying new debt. The greatest peril is when there is NO BID for the new issues because all governments are operating a PONZI scheme. The sell new debt to pay off maturing debt. Currently, holders of Indian government debt have been dumping 4.7 billion rupees ($73 million) of government bonds on average every day this year, according to data from the Clearing Corp. of India. Last year, their net daily sales totaled 368 million rupees.

The Sovereign Debt Crisis emerges when the government is unable to raise enough cash to pay off the maturing debt. India has crossed that threshold so as we have warned, the Sovereign Debt Crisis will begin from outside the USA and spread to the core. This is how all Empires, nations, and city-states collapse.

Definitive Prove That CO2 Will Not Harm the Planet


The title to this post is !00% true despite what anyone can or will say and it’s actually very easy to prove. Chart 8 below, from another paper, shows this in a simple easy to understand Chart. Chart 8 was constructed by plotting CO2 as a percentage increase from when it was first measured in 1958 the Black plot, the scale is on the left and it shows CO2 going up about 28.5% by January of 2018. That is a large change as anyone would agree. This chart was creating using the exact values as shown on The NOAA-ESRL website which showed CO2 at 407.98 PPM for January 2018. No changes were made to the raw CO2 numbers. The blue trace shows the trend line of CO2 and the equation for the trace is also shown. By the end of 2018 CO2 will be 30% higher then it was in 1958 when the first reading were taken. So this is a hard fact.

Now how about temperature, well a global temperature is an abstraction since we have the north and south poles which are almost always frozen and receive almost no energy from the sun and then we have the equatorial region which is either steaming jungle or uninhabitable desert and which receives the bulk of the energy from the sun.  Add to that, that only half the planet receives the energy from the sun while the other half is always in the dark. So even though there really is not one global temperature NASS-GISS has found a way to create one though very complex algorithms which they call Homogenization and they publish that value every month in their Land Ocean Temperature Index (LOTI) table. The value for January 2018 was 14.78 degrees Celsius; although they show it as a deviation from a base of 14.0 or 78, its not my system.

Because of the Homogenization process, itself, there is a large monthly swing in temperature so I use a 12 month moving average to minimize the sometimes wild swings in the numbers. Then to measure the heat content of the atmosphere we have to convert Celsius (C) to Kelvin (K); engineers and scientists will under stand this and it is required to get a absolute value not a relative one. With that done we can make a plot of the change in heat in the atmosphere as a percentage change from 1958 so we can match the global temperature to the increase in CO2.

When we look at the percentage change in temperature using the proper units Kelvin we find that the changes in global temperatures are almost un-measurable. The temperature red plot, also starting in 1958, shows that the thermal energy in the earth’s atmosphere has varied by less than +/- .17%; while CO2 has increased by 28.5% which is over 80 times that of increase in temperature. So is there really a problem here? The yellow trace is a linear trend line of the global temperature in K and the equation for it is also shown.

In summary we have in Chart 8  shown why large increases in CO2 are not increasing the temperature of the planet by any meaningful amount. The problem, intentional or not, goes back to physics and how we show information. It’s critical that when we talk to non scientists that information is properly displayed. And nowhere is this more important than when we are discussing temperature.  When we talk about weather and local temperatures its going be in Celsius (C) in the EU or degrees Fahrenheit (F) in America e.g. for the base temperature that NASA uses it’s 14.00 C or 57.20 F; but these are both relative measures and do not tell us how much heat (thermal energy) is there. To know that we must use Kelvin (K) and that would be 287.150 K and all three of those numbers 14.00 C, 57.20 F, and 287.150 K are exactly the same temperature, just using a different base. But if the current temperature is 15.00 C that is a 7.1% increase in C, a 3.1% increase in F and a .35% increase in K; so which one is real? The answer is .35% because Kelvin is the only one that actually measures the total energy!

Lastly, it is critical that the reader understand that CO2 IS NOT A POLLUTANT!!!! It is a requirement for life to exist on the planet and more is good not bad. CO2 levels would actually be better if they were twice to three times what they are now as plants would grow faster and bigger. Further, by some crazy means we actually reduced CO2 to much below half of where it is now we would start killing off all the plants on the planet and with no plants there are no animals including humans so be very careful in what you actually do with what you think you know!

Passion of purpose does not constitute correctness of thought!

 

Climate Change Conspiracy Against us All


800,000-year Ice-Core Records of Atmospheric Carbon Dioxide (CO2)

QUESTION: Are you saying that CO2 is not a pollutant and we should not be concerned about rising levels?

OD

ANSWER: Correct. CO2 levels have been much higher than currently over the millennia. The Global Warming crowd has an agenda and the core of that is to reduce the population. They remain influenced by the Malthus theory and have been hell-bent on stopping population growth.

Over the past 100 million years, we have been in a decline in CO2 level dropping from 500 ppm to 200 ppm with an average of about 300 ppm. They refuse to address any of the historical evidence no less the cycle of life itself.

Humans exhale typically consists of 40,000 ppm to even 50,000 ppm of CO2. Should we be fined or extinguished because we are a major contributor to COs levels? Those who are demonizing CO2 as a “pollutant” fail to explain that in a room filled with people CO2 levels can commonly reach 2000 ppm with no apparent ill effects. Even the US Navy sets its limit for CO2 in submarines at 5000 ppm to avoid any measurable effect on sailors. NASA also sets similar limits for humans in spacecraft at the same basic level.

If you measure CO2 level where crops are growing or in a rain forest, they drop drastically because the plants suck it up for that is what they thrive on to live. If you want to lower CO2, then plant more crops and trees.

Thomas Malthus (1766-1834) had predicted that we would run out of food which started this entire theory about curtailing population growth which is really behind the whole Global Warming movement. In his 1798 book An Essay on the Principle of Population, Malthus observed that an increase in a nation’s food production improved the well-being of the populace. However, the improvement was temporary because it led to population growth, which in turn restored the original per capita production level.

In other words, mankind had a propensity to utilize food abundance for population growth rather than for maintaining a high standard of living, Malthus saw this as the doom of humanity.

The flaw in Malthus’ work is the same in the Global Warming crowd. They are completely ignorant of a cycle and take whatever trend they see and project that it will linearly continue to the end.

Food Supply & Population

There have been countless investigations into the food supply and the population growth of animals. What has been revealed is that as food supply declines, so does the birth rate. Malthus’ observation that an increase in food supply led to an increase in population was correct, but only one side of the cycle. The Global Warming crowd ignores the fact that CO2 levels used to be measured in thousands of ppm instead of hundreds. In fact, the temperature does not even correlate very well with CO2 levels. During ice ages in the Ordovician period, some 450 million years ago, when the CO2 levels were several thousand of ppm this did not result in temperatures 10 times greater than today.


  •  P.C. Quinton and K.G. MacLeod, “Oxygen isotopes from conodont apatite of the midcontinent US: Implications for Late Ordovician climate evolution,” Palaeogeography, Palaeoclimatology, Palaeoecology, 2014, 404: 57–66.

The Evolution of Growing Food


QUESTION: Mr. Armstrong; You previously mentioned that we can grow crops inside warehouses without the sun or soil. How did mankind survive the last mini Ice Age wit dropping temperatures as we have seen in recent winters here in Europe?

LW

ANSWER: With each cycle, we tend to improve upon technology. Being able to grow food inside will be an important advance for us during this cycle. You can set one up in your basement.

Previously, there was the invention of the fruit wall which appeared around the beginning of the Little Ice Age that ran the course of about 200 years from about 1550 to 1850.

The invention of the fruit wall saved society. They built walls which reflected sunlight during the day essentially using solar energy to improve growing conditions. These walls also absorbed solar heat, which in turn was slowly released during the night, preventing frost damage. They created a warmer microclimate 24 hours per day.

Fruit walls also protected crops from cold blasts of winds from the north as we are experiencing today. They eventually began to construct wooden canopies to shield the fruit trees from rain and hail. They would also use mats suspending then from the walls in case of bad weather. I remember my grandfather loved figs and he had fig trees he would wrap during the winter to protect them in New Jersey. In Europe, these fruit walls were used as far north as England and the Netherlands.

Conrad Gessner (1516 – 1565) was a true Renaissance man. He was a Swiss physician, naturalist, bibliographer, philologist, zoologist, and a botanist. He wrote of the effect of the Fruit Walls which then popularized them in Europe.

The French began to improve the technology by pruning the branches of the fruit trees in such ways that they could be attached to a wooden frame on the wall.

The French botanist Charles Lucien Bonaparte (1803 – 1857) is credited with building the first practical modern greenhouse in Leiden, Holland, during the 1800s to grow medicinal tropical plants. The French called their first greenhouses orangeries since they were used to protect orange trees from freezing. Today, Holland grows more food in greenhouses than any other country.

metropolis-farms-24

Today, the next step forward is growing food in warehouses without the sun or earth.