The Destructive Marxist Subversion of American Society


Bezmenov Explains Marxist Subversion

Dr. Ileana Johnson Paugh image

Re-posted from the Canada Free press By  —— Bio and ArchivesJuly 1, 2020

Marxist Subversion of American Society

There is no shortage of Lenin’s “useful idiots” with brains addled by drugs and agitated by paid Alinsky-style community organizers.

“Useful idiots” are easily manipulated individuals without a compass, without a country, with allegiance to global citizenship and Mother Gaia, humans ruled by emotion and devoid of rational thinking. They are used skillfully to implement cultural Marxism, to disseminate poisonous ideas, chaos, decadence, and worthless entertainment parading as art.

Why are we paying overpriced tuition to transform them into radicals crying racism, bigotry, manufactured white privilege

Spreading around the country, Black Lives Matter, on the payroll of elitist billionaires who want to change society in their utopian global Marxist vision, have taken over campuses making outrageous demands. The university, the bastion of freedom of speech and assembly, of tolerance, of diversity, caved like a house of cards to the demands of a few crazed lunatics, rusted 1960s wheels squeaking the loudest the same worn-out communist drivel.

Why exactly are we sending our children to college? Are we paying overpriced tuition to transform them into radicals crying racism, bigotry, and manufactured white privilege, in the most tolerant country in the world, while they take full advantage of minority grants, minority scholarships, affirmative action, and quotas?

How did we reach such a point where waves of violent, well-armed, well-organized militant protesters across the country are instigating fiery riots, looting, and destroying urban areas with a vengeance? How did mostly white college students change into brainless rabid Marxists, and with the help and coaching of their college professors, turned upside down the former bastions of higher education into a grotesque and intolerant self-segregating quagmire?

As statues and monuments of all types are being toppled and destroyed, regardless of historical facts, many collegiate organizations are demanding that all historical buildings with names that inflame them be changed to a revolutionary name of their choice.

Safe spaces were created and dedicated specifically to students who were never slaves nor oppressed. White students chained themselves like slaves and begged forgiveness for crimes they did not commit.

Classes were mandated to teach the history of marginalized peoples. According to them, slaves only came in darker skin colors. All other slaves were conveniently left out. Slavery of the 21st century is deliberately ignored.

Violent females of the Rabid Generation are destroying historical sites as fast as their Marxist suppliers deliver spray paint, hammers, bricks, and bulldozers

Vandalism and destruction of cemeteries of American heroes are happening all around the world. Would they eventually start to disinter the graves of historical figures they do not like?

Violent females of the Rabid Generation are destroying historical sites as fast as their Marxist suppliers deliver spray paint, hammers, bricks, and bulldozers. College professors with expertise in archeology, especially Egyptology, are giving them instructions how to demolish monuments and topple statues more efficiently.

Whatever happened to exposing students to other points of view? What happened to tolerance of divergent opinions? Is the majority going to be ignored while listening only to those who threaten and bully? Aren’t people tired of unfounded accusations of bigotry, white privilege, and racism? Will they enjoy being controlled and ruled by a fanatical Marxist minority?

Are we going to revise now the entire history of the United States because someone along the way must have been offended and that offensive historical occurrence must be redressed now by wiping out or removing those reminders from textbooks? Are we going to empty out all museums, bulldoze all monuments, and burn all libraries except those approved my Marxist-Leninists?

Aren’t these demands “a thinly veiled attempt to impose a unilateral narrative upon all undergraduates via the core curriculum?” Isn’t racially segregated housing illegal and morally questionable, counter to the values of American society? Why are we stifling academic freedom and reversing years of race relations progress?

 

Domestic Terrorist – Feds Arrest Antifa Ringleader, Jason Charter, For Attack Against Andrew Jackson Memorial…


Federal authorities have arrested ANTIFA ringleader Jason Charter for his leading role in the attempted destruction of the Andrew Jackson Statue and Memorial.

WASHINGTON DC – Law enforcement sources tell Fox News that Jason Charter was arrested at his residence Thursday morning, without incident, and charged with destruction of federal property. He was arrested by the FBI and U.S. Park Police as part of a joint task force.

These sources add that Charter has connections to Antifa and was in a leadership role on the night of June 22 when a large group of protesters tried to pull down the statue.

“They were very organized,” a federal law enforcement official said. “Charter was on top of the statue and directing people … they had acid, chisels, straps and a human chain preventing police from getting to the statue.”

The FBI’s criminal complaint against Charter attaches screengrabs of local news videos and accuses him of also being involved in the destruction of the Albert Pike Historical Statue in Washington this month. (read more)

July 4, 2020 America is Masked!


One Nation Masked …no liberty, no freedom for all.

Do not comply!

Vaccines That Change your DNA & Gates’ Italian Experiment


Europe was already planning for a Vaccine ID Passport from the 3rd quarter of 2019. The real question is what is a vaccine. Gates has been funding a vaccine that is totally different. Instead of introducing a sample of a disease, he has been funding a vaccine that is in part nanobots that target to change and alter your DNA to prevent disease. This is already being met with approval and is highly questionable as to what are the long-term effects of changing someone’s DNA.

Gates has been behind the movement in the EU to compel Europeans to be vaccinated. There was even a September 12, 2019, global vaccination summit that was jointly sponsored bt the EC and Gates who controlled the World Health Organization (WHO). Roberto Burioni, a virologist at Vita-Salute San Raffaele University in Milan, Italy, became a celebrity battling against vaccine skeptics by simply stating: “The Earth is round, gasoline is flammable, and vaccines are safe and effective,” he said. “All the rest are dangerous lies.”

One of the reasons some believe that the death rate in Italy from COVID-19 was higher than most other countries was because they were the target for a Gates’ vaccine project sponsored by the WHO. The 2016 Lifetime Immunization Schedule was approved by the Italian scientific societies claiming it was a new paradigm to promote vaccination at all ages. There was a partnership of four national Medical Scientific Societies active in Italy in producing scientific advice on vaccines and vaccination influenced by Gates. These were:

  1. the Italian Society of Hygiene, Preventive Medicine and Public Health; SitI,
  2. the Italian Society of Paediatrics; SIP,
  3. the “Italian Federation of General Practitioners”; FIMP, and
  4. the Italian Federation of General Medicine FIMMG)

The “Lifetime Immunization Schedule” was introduced for the first time in Italy which allowed its people to be experiments for Gates and the WHO. The Italian National Prevention Plan was approved by the Italian Ministry of Health in February 2017. The serious question that has not been answered is what has been the connection between the excessive death rate in Italy in relation to this vaccination for “all ages,” which took place as an experiment supported by the WHO and Bill Gates.

There are serious questions about our politicians. Are they being paid-off to allow Gates to experiment on the world population? The correlation between Italy and the only country to allow a Gates experimentation needs to be addressed. The problem we really have is no politicians will allow an investigation that exposes their own corruption or bad decisions.

The Great Reset now Available for Download


The Great Reset Report is now available in the store. For our clients, this is available in a download PDF  $29.95 because it is very important to understand who is behind this entire Coronavirus Scam and what are the objectives.

This report goes into great detail about a well funded & well-organized coalition to not just impose vaccines and depopulate the world, which may even be a ploy knowing they will not vaccinate China or Russia, but to actually destroy the world economy to end fossil fuels and impose by bribery and collusion their vision of how the world should function to stop Climate Change and impose by decree ZERO CO2.

We are facing massive unemployment as they wipe out industry and continue to try to keep people locked down to reduce CO2. For two months, Britain needed less electricity and they shut down coal plants. There is a fleet of cars that remain unsold and even Hertz was forced into bankruptcy. They have shut down tourism and Southern Europe will not survive without massive bailouts blowing the entire debt situation to insanity.

There are even two types of vaccines they have been developing. The first is the standard where they inject you with a portion of the virus. But Gates has also funded vaccines that operate totally differently. They are targeting your genetic DNA to alter it under the pretense it will prevent COVOD-19.

Most people do not realize that former Chancellor  Helmut Kohl of Germany who admitted he acted like a dictator to create the Euro denying the German people any right to vote on the question, was caught in 2000 with massive bribes he had taken and the CDU even distanced itself from him. When he died, there were accounts in Switzerland with millions of undisclosed and cash transactions in parking lots. All of this corruption created the Euro outside any democratic process. This is the very same strategy being employed and politicians embrace this agenda against the people and many will be shown to have also taken bribes.

This report dives into every aspect and documents their agenda from calling for a 400% increase in taxation and providing Guaranteed Basic Income for those they put out of work to stay home and just watch TV on a minimal subsistence.

Welcome to the New Green Socialist World Order they’re strategically marketing as the Great Reset. This is probably the most outrageous political strategy every devised to deliberate defraud everyone of any human rights that will only exist at their pleasure. There has been no greater diabolical pilot perhaps in human history.

Download it Now – $29.95

The Most Corrupt Election in History


The Democrats have taken control of Virginia and already we see this pervasive move to corrupt the election process in the United States by NOT requiring any photo ID to vote. I have stated before that I had the mandate from Hong Kong to try to negotiate with the Australian government to buy land before the handover back to China. I met with the former Prime Minister Paul Keating. Every proposal I offered was rejected which made no sense. I finally bluntly asked what was the problem, “Is this a racist issue?” He responded, “No,” explaining that they were fleeing communism and as such if he allowed them to enter it would change the demographics and they would vote conservative when he was a Labour government.

This is the same clever tactics behind the Democrats moving to allow anyone to vote by mail and no photo ID required. They do not care how they win and the more illegal aliens they allow in and protect, the more they will vote for them to retain power over real Americans. Socrates has forecast that this is going to be the most corrupt election in American history and with each passing day, there is another step toward making this forecast come to pass.

Beginning October 1st, 2020, every air traveler 18 years of age and older will need a REAL ID-compliant driver’s license or another acceptable form of ID like a passport to fly within the United States. REAL ID-compliant cards are generally marked with a star located in the upper portion of the card. This is to ensure that you produced real identification to obtain the ID.

The REAL ID Act is a federal law passed by Congress after 9/11 that establishes new security requirements for state-issued driver’s licenses and identity cards when they are used for certain federal purposes, like entering a federal building or boarding a domestic flight. The law was passed in 2005, but the Department of Homeland Security has given states time to adapt to the new technology by next year. Most states already issue the updated IDs (generally indicated by a gold star).

What is really amazing is that you cannot travel without proving who you are. Many places want your REAL-ID with your credit card to prove it is not stolen. And you cannot even enter some government buildings without a REAL-ID. But the Democrats, desperate to win, say no REAL-ID is necessary to vote.

Some states may ask you to sign a form affirming your identity. Other states will let you cast a provisional ballot. States use provisional ballots when there is a question about a voter’s eligibility. States keep provisional ballots separate until they decide whether they should count. To do so, they will investigate a voter’s eligibility. They may also compel you to show an acceptable form of ID within a few days. If you don’t, your provisional ballot won’t count. But these rules vary greatly between states. There is certainly the possibility that this entire election ends up back in the Supreme Court.

More Domestic Terrorism – Armed Black Lives Matter Terrorists Shoot SUV Driver in Provo Utah…


The level of cultural Marxism within the media reports is even more significant than ever before.  U.S. media are trying to protect the domestic terrorists. It is quite unnerving.

In Provo, Utah, a group of armed Black Lives Matter terrorists surrounded a vehicle at an intersection.  The driver would not exit the vehicle to be beaten by the mob.  One of the BLM activists pulled a gun and demanded the driver come out, when the driver refused the terrorist opened fire shooting the driver.   The driver hits the gas and tries to escape, the terrorist fires through the rear window as another armed terrorist joins the fray from the opposite side of the street.   WATCH:

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According to local media, police are determining whether to charge the driver of the vehicle for not complying with the mob’s demand for the beating; thereby putting the other terrorists at risk.   “It’s unclear if the driver of the SUV who was shot is facing any possible charge for driving through the protesters after being shot.”

Here’s an enhanced video of the incident:

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UTAH – “Several protesters began crowding around the vehicle,” said John Geyerman, Provo Police deputy chief. “The male protester ran toward the SUV on the passenger side, pointed a handgun at the driver, and shot one round through the window. The driver who was struck by the bullet accelerated, trying to leave the situation. The same protester ran after the vehicle and fired a second shot that went through the rear passenger window.”

Officials said the same man who allegedly fired the shots into the SUV also approached another vehicle and broke the window with a handgun.

The driver was taken to Utah Valley Hospital.

Police are looking for the alleged shooter and are asking for anyone with videos or pictures of the incident, or any other information, to contact PPD at 801-852-6210. (link)

The Gates to Gehenna*


by Tabitha Korol

*Gehenna: (in both Judaism and Christianity) hell.  Bill Gates openly admits that he is a globalist and eugenicist working toward the New World Order with his plan to mass vaccinate and depopulate the planet by 10% to 15%, which may suggest to the alert-minded that his vaccinations will not improve life, but eliminate life.  Bill Gates’s Quantum Dot Vaccine will have an enzyme called Luciferace.  When injected into the human, it will “mark” the person like cattle, and be trackable.  The patent application filed by Microsoft Technology Licensing, LCC, and registered on 26 March 2020, is WO/2020/060606, known as “666” and titled, “Cryptocurrency system using body activity data.” 

***

There have always been voices whose aim it was to abolish national sovereignty for globalism – a Master Plan for world conquest.  In addition to the discernible despots, there are the self-defined intellectual elites the enlightened ones – whose world government would guarantee protection for the submissive or unaware in exchange for their freedom and human dignity.

Bill and Melinda Gates, aided and abetted by the Obama administration, leads the way in destroying public education, turning out undereducated Marxists with his Common Core curriculum.  It also oversexualizes the children toward transgendering, demeaning the boys for toxic masculinity, their virility and desire to father the next generation with the anticipated result of depopulation, Gates’s ultimate purpose.   His foundation for depopulation, heavily financed by Warren Buffet’s $30 billion donation, contributes to engineering millions, perhaps billions, of human casualties and tragedies.

If the global warming panic and the gender madness failed to subdue us effectively, the coronavirus, COVID-19, fortuitously, if not purposely created to deliver the scare tactics, continues the assault.  Inexperienced epidemiologists were suddenly in authority, spouting severe cautionary statements, only to change them the following week.  This is an American, even a World, First to force-quarantine the healthy, using carefully manipulating behaviors.   All but “necessary” businesses were shut down indefinitely, some open under strict conditions.  The elite in the limelight remained well coiffed and free to conduct their own affairs.

To the false goals of flattening the curve and bogus fatality rates, power seekers added new prohibitions.  Having achieved submission, despotic governors issued additional senseless proclamations, varying in type,  intensity and duration, that turned sheltered care facilities into virus breeding grounds, workforces into depressed unemployed, some homebound into spousal abusers, and the desperate into suicides.  School closings may have caused irreparable damage to the children who, left on their own, would fall further behind the studious and gifted.   Many businesses closed their doors forever, and major industries – travel, real estate, construction, and more – were seriously affected.

Dr. Antony Fauci, “respected” epidemiologist, immunologist, and member of Gates’s Leadership Council, issued many directives based on available data, only to modify them later, with the media adding to the hysteria.  Dr. Stephen M. Smith, a widely respected infectious disease specialist, called hydroxychloroquine (HCQ) a “game changer,” a safe, effective treatment for COVID-19.  The FDA had ruled it safe for the last half-century.   In April, a poll of 62,000 physicians in 30 countries found HCQ to be the best drug available to treat this virus – used in conjunction with azithromycin, zinc and Vitamin D.  But Fauci endorsed remdesivir, which was shown to be a failed antiviral drug that had significantly higher mortality rates (5%), but also a significantly higher profit margin.

Dr. Peter R. Breggin, MD, has now published his findings, “Fauci’s Remdesivir: Inadequate to Treat COVID-19 and Potentially Lethal.”   Adverse reactions may include lung damage – respiratory failure or acute respiratory distress syndrome, with five percent developing a life-threatening decline in condition. Fauci clandestinely ended a double-bind clinical trial “to let the placebo group know so they can have access to remdesivir.” However, since the drug was not saving lives, had serious effects from earlier trials, and its results were disappointing and controversial, “Fauci may have needlessly endangered the lives of the placebo patients by unleashing remdesivir upon them.”  Fauci’s research is considered worthless, “except to raise serious doubts about the drug’s hidden safety profile.”  Lancet reported the drug’s potential increased damage to the lungs.

Through the duration of the trial, Fauci must have realized that his drug was not going to reduce the mortality rate or even lead to complete recovery.  When success criteria were dropped, the primary marker became “time to recovery.”  Fauci then “reinvented the concept of recovery” to include patients who remain hospitalized or at home, requiring oxygen and needing to limit their activities – to get his desired results.  It was also revealed that of Fauci’s 50 committee members who set treatment guidelines, nine had financial ties to Giliad, manufacturer of remdesivir, the vaccination peddled by Fauci.  The less profitable HCQ was removed as an option with no verifiable statistics; remdesivir is being used today.

The corrupt Veterans Administration study claimed to show HCQ useless and dangerous, and President Trump’s treatment of hydroxychloroquine was ridiculed, but frontline physicians around the world contend their studies have shown it to be an “astonishingly effective … miracle drug!”

Some people were made so fearful by inaccurate “statistics,” the lockdowns and job losses to ruin the economy, that it triggered neuroses, obsessive behavior, anger and cruelty.  Face masks are still mandated although Dr. Fauci admitted their purpose was primarily for psychological reassurance.  For some they cause anxiety, PTSD, claustrophobia, and exacerbate asthma, headaches, and respiratory issues.  The masks and media perpetuate the fear, keep the public eager for vaccinations, and prevent specific rallies and in-person voting.  The public is in limbo, their lives on hold, eagerly awaiting a “blessed” vaccination.

The millions of out-of-school students and lockdown-unemployed are free to become Bill Gates’s willing army of contract tracers for an illusion of safety, and to ensure that his vaccinations are implemented according to his plan.  To what end?  To collect data and encourage people to tattle on others, to keep the public vulnerable and acquiescent while demanding his vaccine of choice for the trillion-dollar industry – as well as to destroy our America for the coveted One World.  The globalist crème include Bill and Melinda Gates, the Soros foundations, Hillary Clinton, Rockefeller Foundation, Carnegie Corp., Ford Foundation, Warren Buffet, and 150 mainstream media outlets.  The International Air Transport Association (IATA), representing 299 airlines, is the prime promoter of a global ID tracking system – contract tracing for an “Immunity Passport” for the right to travel.

Sold as necessary for “the common good,” the passport is already operating in some states by the 13.5 IOS update on the iphone.  Gates’s control reaches wealth, policies, priorities, population, health, narratives, minds, land, industries, the rights to movement and our future.  He is involved with everything, and he is willing to risk other people’s lives.

As reported by noted investigative journalists Corey’s Digs, the WHO, UN and Gates control the media; the healthcare and vaccine industries; climate change hoax, with 200 billionaires who would also like to rule the world; geoengineering population control; tourism in islands known for drugs and human trafficking; investments in lab-grown meat; labor and sex trafficking in Africa; population control through abortion and transgenderism; eugenics, carrying out experimentation on humans, and population databases; and contact tracing, a multiple-state surveillance program on Americans.  Bill Gates intends to control global population based on their immunity, as verified by the “digital certificate.”  The $3 trillion coronavirus package submitted to Congress includes $75 billion for Nancy Pelosi’s COVID19 testing, tracing and isolation program, which is being marketed to governors across the country and already underway in Massachusetts.

Contact tracing, whose structure already exists for Partners in Health (PIH), with Chelsea Clinton on the board of trustees, has been well funded by Bill Gates.  The program is designed to investigate one’s personal life, includes quarantine camps, mandatory masks in public despite Dr. Fauci’s admission (above), and provides mobile units (contact tracing armies) that will seize and isolate anyone who tests positive.  The supporting programs already exist in Massachusetts, New Jersey, Ohio, and North Carolina; are under discussion in California, Minnesota, and Maryland; and planned for the rest of the world.  They judge President Trump a “national security risk” because Trump was going to “unravel vital ties across the Asia-Pacific region,” which I take to mean an impediment to Gates’s vaccination plans.

The contact tracing has begun.  Washington state is forcing restaurants to keep daily logs of their customers – name, address, phone number, time of arrival. Indiana is outsourcing their tracing to Maximus, a 500-people staff at a cost of $43 million a year.  California’s Governor Newsome has mandated masking and building a tracing army, a volunteer corps of 10,000; Michigan’s Governor Whitmer has already recruited 2,000 volunteer tracers.  Tennessee has been housing the homeless during the pandemic, a forced quarantine.  Wisconsin’s Supreme Court struck down the stay-at-home order and seizure of power, which would have had citizens detained and confined without benefit of trial.

Gates hopes to implement digital certificates, to obtain everyone’s virus and vaccination histories.  He wants a “national tracking system,” a human “barcode,” to determine the person’s health, vaccination identity and status.  He assures us that this is merely for safety and convenience – that is, until it’s not, when he may desire the information’s value for other reasons, against our human and civil rights.

Bill Gates extends his unlimited wealth and reach far beyond travel, for credit, purchases, job opportunities, healthcare access.  Lacking credentials, he transformed his self-image from software magnate into a visionary capable of defining the health of billions of people around the globe.  As noted in The Corbett Report, the Gates Foundation has spent tens of millions of dollars per year on media partnerships to boost his new image and his connections with global alliances and big pharmaceutical companies, earning him profits in the billions.  He helped to create Gavi, the Vaccine Alliance; the Global Fund to Fight AIDS, Tuberculosis and Malaria; control ten tropical diseases; the Global Financing Facility for Women, Children and Adolescents; the Coalition for Epidemic Preparedness Innovations; the World Health Organization; the National Institute of Health; the National Institute of Allergy and Infectious Diseases, the Johns Hopkins Center for Health Security, and more, including their pledge to “fight” coronavirus, with Dr. Gauci as representative.  His “philanthropy” of investing his Microsoft stock into his foundation, during the Decade of Vaccines, doubled to $103.1 billion; philanthropy becomes revenue.

The accolades Gates received for vaccines the world over led to enormous profits for Big Pharma companies, greater control for the Gates Foundation over global health, and greater power for Bill Gates over the planet’s population.  He persuades that we cannot return to normal until there’s a vaccine for all, yet he acknowledges the risks (the paralysis of 40 to 500 children, the paralysis of 490,000+ in India from the oral polio vaccines given between 2000 and 2017) and therefore, wants advance legal immunity for the pharma companies.  He continues to threaten our freedoms with impending doom in order to market his untested, experimental vaccinations to everyone on the planet.

Robert F. Kennedy Jr. announced 20% of human test subjects were severely injured from Gates-Fauci coronavirus vaccines by Moderna.  Fauci was so confident that he waived ferret and primate studies, and 15 human guinea pigs suffered a serious adverse event within 43 days of receiving Moderna’s injections. A vaccine with those reaction rates could cause grave injuries in 1.5 billion humans if administered to “every person on earth.”  Corey’s Digs assures that money is not the end goal of Gates’s “philanthropic” activities.  It is also not control of only the health industry, but of the human population itself.

 

Tabitha Korol

https://tinyurl.com/y7e6z63d

 

Lockdowns Have Pushed Government Pensions Over the Edge


COMMENT: Facing a vicious circle of conflicting demands and priorities, the California Public Employees Retirement System is turning to debt – a risky scheme to borrow billions of dollars in hopes of juicing its investment returns.

The California Public Employees Retirement System, the nation’s largest pension trust, benefited greatly from the runup in stocks and other investments during the last few years, topping $400 billion early this year.

CalPERS needed it because it was still reeling from a $100 billion decline in its investment portfolio during the previous decade’s Great Recession and was tapping state and local governments for ever-increasing, mandatory “contributions” to keep pensions flowing and reduce its immense “unfunded liability.” But it faced a backlash from local officials who said vital services were being cut to make their CalPERS payments.

Just when CalPERS appeared to be climbing out of its hole, the COVID-19 pandemic erupted early this year, sending the economy into a tailspin. Virtually overnight, the fund saw its value take a $69 billion hit as the stock market — CalPERS’ biggest investment sector — tanked. Stocks have since recovered, but CalPERS is still down about $13 billion from its high early this year.

Further investment erosions would, almost automatically, trigger even greater CalPERS demands for contributions from government employers, but the recession is also eating into their tax revenues, creating substantial budget deficits.

It underscores CalPERS’ vulnerability to capital market gyrations. Investments more immune to fluctuations would be safer but they offer very low returns and CalPERS could not safely meet its lofty earnings goal — an average of 7% a year.

It’s a vicious circle of conflicting demands and priorities, driven by an official policy of providing generous, inflation-adjusted pensions for government workers, bolstered by the political clout of public employee unions.

CalPERS desperately needs an escape route and has chosen the perilous path of debt.

It plans to borrow billions of dollars — as much as $80 billion — to fatten its investment portfolio in fingers-crossed hopes that earnings gains will outstrip borrowing costs. It mirrors the recent and risky practice of local governments borrowing heavily to pay their pension bills via “pension obligation bonds.”

“More assets refers to a plan to use leverage, or borrowing, to increase the base of the assets generating returns in the portfolio,” the system’s chief investment officer, Ben Meng, wrote in the Wall Street Journal recently. “Leverage allows CalPERS to take advantage of low-interest rates by borrowing and using those funds to acquire assets with potentially higher returns.”

What could possibly go wrong?

The new scheme is an implicit admission that CalPERS can’t meet its 7% mark without increasing its exposure to the vagaries of the market. “There are only a few asset classes with a long-term expected return clearing the 7% hurdle,” Meng wrote.

Perhaps, then, the real problem is the 7% goal, much higher than those of private industry pension plans.

CalPERS and other public systems use higher earnings projections because they need them to pay for the expensive pensions that politicians have awarded. Inferentially, if they fall short of the mark, they can tap employers — i.e. taxpayers — to close the gap. However, that option is pretty much maxed out, which may explain why the very risky borrow-and-invest approach is being adopted.

This is serious stuff, so risky that the Legislature should dump its informal hands-off policy toward CalPERS and order up a comprehensive and independent examination of the system’s assets, liabilities, and long-term prospects of meeting its pension obligations.

SB

REPLY: We are looking at state and local pension funds collapsing. There is not much they can do. This is the collapse of socialism of which I am referring to. This is why the 2020 election will be so critical. The left is determined to overthrow Trump because they are looking to raise taxes dramatically. The World Economic Forum is already suggesting a 400% increase in taxation in Europe. These people are insane. We have states raising property taxes between 30-40% because the lockdowns have deprived them of revenues that are pushing pension funds over the edge. They are brain dead, for so many people live hand-to-mouth and cannot afford such drastic increases in taxation. The Democrats are really hoping to draft Hillary for they believe that is their best shot to beat Trump. This is the entire objective for career politicians who have no real business to return to and they will always exempt trusts and themselves. Trump would never agree to the agenda and this is the battle to the death here in 2020.

Guaranteed Basic Income & Marxists


COMMENT: Dear Mr. Armstrong,
Thank you!!! for opening our eyes to the scary new world in which we live in. Are there more Socialist/Marxist to other political groups?

Our neighbor is a professor at a major university in South Florida with a Doctorate in Nursing. She recently shared with us her strong ideologies and political views which caught us a little off guard. We started off talking about COVID 19. She definitely refuted anything we had to say regarding the virus and any information we provided (which of course we learned from your blog and the many videos from Drs working on the frontline). She said, that we should be following the WHO, the NIH, and not so much the CDC. We are sad because she conveyed to us, “ let’s leave the leadership of the future to the youth, of course, this is where she has direct influence. Well, here are some of her responses to our questions. She is 100% on board with disbanding the police. And in mentioning the economy, She feels just leave it to artificial intelligence/robotics. We suddenly had a flashback of the robots you showed in an earlier video on your blog and their capabilities, and how they could be used to police our country. We then said, What about jobs? She blatantly expressed that she was for a guaranteed basic income for all. She said, Europe is more socialistic than the United States, as though that was the way it should be. She came out and literally said, she was a “Marxist”. We were shocked. We were always democrats as many of our friends are still. Thanks to you and your blog that we stumbled upon one day. She ended by stating there are “more of her than us”. We are assuming that she means Marxist/Socialist.

We are no longer leaning left or consider ourselves Democrats. Most of our friends consider us “trump lovers” and they will not accept any of our thoughts or reasoning. And when they reveal their point of view, it’s always an example of one person and how they were so unjustly treated. Never do they provide the big picture. We forwarded Michael Moore’s new movie to one of our friends and their email response was “what happened to Michael Moore….he use to make great movies.

Keep up the good work. There are many people who are listening.

Cheers,
Mj

REPLY: The greatest mistake these people make is they have no respect for human nature. Some people are thieves while others are honest. Some women have no problem selling their bodies to the highest bidder and others will not wear even a two-piece bathing suit. One thing is certain: not everyone will be willing to stay home and just watch TV and never work. They assume if they hand out guaranteed basic income that everyone will be happy. They are judging everyone by themselves. We are all NOT the same. Some people hate work and others are addicted to it. I could never sit home, not work, and just watch TV.

I am probably more Libertarian. I respect that there are many versions of human nature. The object is FREEDOM, and I strongly disagree with those who always want to seize politics to FORCE their view upon the rest of society, as Bill Gates and his crew are doing right now. Trump gave the WHO 30 days to explain their false forecasts or he would cut off all funding. They REFUSE to reply. Just ask a simple question — why did they refuse to respond if they are so perfect?