Klaus Schwab has shown his true colors of authoritarianism. He is against democracy, freedom, and basic God-given human rights. With his Davos group next month, the World Economic Forum (WEF), Schwab who is a control freak by nature, has endorsed the cancel culture banning Twitter, and listing the various Chinese state-controlled social media apps to “follow along” with Davos Man. Schwab follows Marx and believes that he can create the perfect world and that he is far superior to anyone else and this can shape and design how society should function.
That was the very same attitude of Marx and Lenin. Those ideas resulted in over 200 million people dying. That’s OK. We are just collateral damage on his yellow-brick road to perfection. Schwab looks down upon society as the dirt beneath his feat. He fails to understand why communism even failed because it suppressed human nature and in so doing, it eliminated curiosity and imagination. Children under communism could not imagine their future. They were told by the state what they will be according to the needs of the state.
We are far too stupid to know what is best for us. Only the elite understand how to shape the future. We are to surrender all say in our own lives. This is Schwab’s dream to control society 150%. We are to surrender our very beliefs and our aspirations to the state. These ideas have been tried throughout history so many times. They have always ended in stagnation and total collapse.
There is an onslaught of misinformation about the Federal Reserve from everything that it can go bankrupt, and the Treasury will become a second central bank, and of course, the Fed is really the cause of inflation and its balance sheet. The proposal by Janey Yellen to buy in long-term debt and swap it with short-term is not “creating” money for the Treasury has no such power. It was a proposal for a debt swap to shorten the yield curve. The first proposition that the Fed can go bankrupt only suggests that people do not comprehend that the Fed is different entirely from the European Central Bank.
The Fed has the authority to create elastic money for it followed the very idea of J.P. Morgan and how he saved the economy during the Panic of 1907. The Fed can create money when there is a shortage due to economic contractions, and it can then reduce its balance sheet reducing the money supply. When the Fed was created, it was established with branches around the country because the Panic of 1907 exposed that there were regional capital flow problems. The 1906 San Francisco Earthquake drained the cash from the East where all the insurance companies were.
As we can see from this clip of rates in 1927, each branch was independent. There was an excess case in Kansas City so they lowered the interest rates there in hopes that capital would migrate to the other districts to earn more interest. All of that was eliminated by Franklin D. Roosevelt who wanted (1) to stack the Supreme Court to approve his Marxist agenda, which failed, and then he usurped all the power of the Federal Reserve and created the Washington headquarters and the President then was to appoint the head of the Federal Reserve and to illegally lobby him to ensure that his presidential agenda was to be the policy at the Federal Reserve. There was no more independence of the branches.
When Biden was running in 2020, he actually proposed requiring the Federal Reserve to regularly report on what they are doing to close economic gaps that exist along racial lines in the United States. Biden has viewed the Fed as a social tool and he has been making efforts to manipulate the Federal Reserve which will be extremely dangerous if they are carried out. Now, the Biden Administration is talking about closing branches of the Federal Reserve and replacing those board members with his hand-picked political cronies. In January 2022, he was pushing for black economists to be appointed to the Federal Reserve Board. My concern is that academics have ZERO experience and do not really understand the global economy trapped by domestic Keynesian Economics.
It was Paul Volcker who Chaired the Fed into the high in the interest rates back in 1981 who concluded in his Rediscovery of the Business Cycle that “it was not until the events of 1974 and 1975, when a recession sprung on an unsuspecting world with an intensity unmatched in the post-World War II period, that the lessons of the ‘New Economics’ were seriously challenged.” However, former Fed Chair Ben Bernanke has suggested that the Fed’s failure to contain inflation during the 1970s traced back to the political forces that shaped the Fed chairs in charge that he expressed in his book “21st Century Monetary Policy.” He wrote that the inflation of the ’70s puzzled economists relying on the 1958-ventage Phillips Curve, which would have predicted high inflation only in combination with extremely low unemployment rates. Bernanke admitted that the Phillips curve had “broken down” during the 1970s.
The critical problem with the entire way we view inflation rests on the QTM (Quantity Theory of Money) and the assumption that a mere increase in supply must produce inflation. There is absolutely nothing in the economic data that supports these old theories that were based upon (1) fixed exchange rates, and (2) the supply & demand theory dates back to the days of coinage. It was John Law who came up with the supply/demand theory that everyone else plagiarized, including Adam Smith. John Law’s writings influenced many, although they would never admit it. He was clearly the FIRST to use the term DEMAND and he was certainly the FIRST to join it with the word SUPPLY, for only a trader could have seen this connection in the price movements of anything.
The greatest fallacy of Keynesian Economics, Supply v Demand, and the Phillips Curve is that they have ALL failed because the US dollar is the reserve currency of the world and by default, the Federal Reserve has become the central bank of the world. With Biden desperate to get his hands around the neck of the Federal Reserve and force it to yield to his political agenda, threatens more than merely the US economy – but the entire world. Bernanke acknowledges in his book:
“Martin, my boys are dying in Vietnam, and you won’t print the money I need,” President Lyndon B. Johnson reportedly told then-Fed Chair William McChesney Martin Jr. at his Texas ranch after the central bank announced a half-point increase to its key discount rate over inflation fears, Bernanke writes. White House tapes, meanwhile, reveal President Richard Nixon frequently appealing to Fed Chair Arthur Burns’ Republican-party ties to clear the runway for more easy-money policies, with one call going as far as urging the Fed chair not to make any policy decisions that could “hurt us” in the November 1972 election.
I warned the Fed back then that buying in 30-year bonds during the 2007-2009 Financial Crisis, would NOT stimulate the domestic economy for one simple reason and this is why both the goldbugs and central bankers have been wrong. The domestic money supply DID NOT increase to stimulate when China was saying thank you very much and swapping their 30-year holdings for 10-year or less. The assumption that any central bank can control the domestic economy is absurd. The holdings of debt are global. Therefore, buying in 30-year bonds to reduce the supply in hopes of reducing the mortgage rates failed because the money did not stay in the USA. That is why the Fed then began to buy the mortgaged-backed securities because that was a more direct impact domestically.
As the money supply increased and the national debt rose consistently, gold declined from 1980 into 1999 for 19 years. All the theories of inflation driving gold higher were simply wrong just as the central bankers relied on the very same theories.
It was World War I and II that drove the gold to flee to the United States so by 1950, there was no choice but to make the dollar the reserve currency. Yet more significant was the realization that the factor which produced that result was ENTIRELY external to the domestic economy. Therefore, all the economic theories were bogus because they were all focused on domestic policy thanks to Karl Marx whose central theory was the government possessed the power to eliminate the business cycle by confiscating all private assets. That altered human nature and created economic stagnation. Nevertheless, Keynes and everyone else have sought to accomplish the very same authority that Marx maintained existed.
This focus on GDP (Gross Domestic Product) has reversed the GNP (Gross National Product), which was more global in its scope. If we attributed world trade to the flag the company flies rather than where it sets up a plant, then you would see that the United States has a trade surplus and not a trade deficit. This is also a backdrop to the reserve status of the dollar. Perhaps the greatest of all the wild proposals is that somehow Bitcoin will rise from the ashes and become the new Reserve Currency of the world. So all governments will issue debt in Bitcoin? Politicians will never be able to run for office and Socialism must collapse.
Rather than betting on the power grid to survive if governments collapse, I think we will see the pre-1965 silver coins return for a medium of exchange and gold for larger transactions. I have said plenty of times, GOLD will NOT rise as a hedge against inflation, it is a hedge against the collapse in confidence of the government.
As I have written before, when the Japanese government lost the confidence of the people, they lost the ability to produce any money for 600 years. The people used the coins of China and bags of rice – no Japanese coins were ever acceptable for 600 years which was the same time interval it took to reestablish gold in Europe following the fall of the Roman Empire.
Everything he says I have confirmed from other sources. French soldiers who volunteered said the same thing, Ukrainians kill Russian prisoners sometimes ruthlessly. It is a total disgrace that we are supporting these Neonazis – the very people still practicing ethnic cleansing.
Posted originally on the CTH onDecember 27, 2022 | Sundance
Cobalt is a mined mineral needed for all rechargeable batteries including phones, pads, laptops and Electric Vehicles (EV’s). According to Siddharth Kara, an author and expert on modern-day slavery, human trafficking and child labor, approximately 72% of all the cobalt mined globally comes from the Congo.
Within his new book “Cobalt Red: How the Blood of the Congo Powers Our Lives,” Kara outlines how slave labor and child labor work these cobalt mines. Kara appeared on the Joe Rogan podcast {Direct Rumble Link to segment} to discuss his research and findings after visiting these Congolese mines. Contrasting the “Green Movement” claims that their efforts are to “save the planet” by switching everyone to EV’s, the issues Kara outlines are remarkable. WATCH:
After his bombshell testimony, Rich Baris joins to break down exactly what he told the court in the Kari Lake lawsuit against Maricopa County. Pedro Gonzalez from Chronicles Magazine and the “Contra” Substack joins to break down the Senate Republicans latest and unforgivable betrayal. Send your questions to Freedom@CharlieKirk.com for an hour 2 Ask Charlie Anything. The Charlie Kirk Show is LIVE on Salem Radio stations across the country and simulcasting on Real America’s Voice.
Posted originally on the CTH on December 22, 2022 | Sundance
Comrade proles, thankfully artful sarcasm is still not illegal. Tucker Carlson pulls back the curtain on a congressional performance so disconnected from the priorities of the American public, that only in Washington DC could it receive a standing ovation. WATCH:
COMMENT: Mr. Armstrong; I know you are very familiar with Ukraine. A friend of mine believes he met you in Kiev back in 2013. You and Henry Kissinger are the lone voices who have told the truth and how the West cares nothing about the people in the Donbas. When you attack a people’s religion, language, and culture, there is never any hope for peace. Zelensky and the West are trying to destroy us the same as the Romans attacking Jerusalem.
Thank you for telling our plight.
Anonymous
REPLY: You bring up an interesting analogy. Ukraine is being used as a pawn in this entire scheme to create World War III to justify defaulting on all debt – i.e. Schwab’s You’ll Own Nothing & Be Happy. You certainly have brought up a very good scenario.
The Great Jewish Revolt began during the reign of Nero (54-68AD) which was the first major rebellion of the Jewish people against the Roman occupation of Judea. It lasted from 66 – 70 AD and resulted in probably hundreds of thousands of lost lives and the ultimate destruction of their Temple. Most of our knowledge of the conflict comes from Roman-Jewish scholar Titus Flavius Josephus (37-100AD), who first fought in the revolt against the Romans, but was then kept by future Emperor Vespasian as a slave and interpreter. Josephus was later freed and granted Roman citizenship, writing several important histories on the Jews.
The fact is that the Romans had occupied Judea from 63 BC onward. While there were some tensions among the advocates of independence, the freedom of religion that had become the cornerstone of Rome was really its backbone. Yes, they conquered many lands. They allowed the people to retain their own religious beliefs and this the Christians would call paganism because there were many gods but none of them were viewed as a creator – more of superbeings who protected them.
Some complained about having to pay taxes to Rome. The story of the zealots trying to entrap Jesus into a conspiracy asking him where he stood on the question of taxation he resolved by asking whose portrait was on the coin. It was most likely Tiberius at the Time. He simply said give unto Caesar what is Caesar’s
The tension began to rise when Emperor Caligula (37-41AD) demanded in 39AD that his own statue be placed in every temple of the Empire. Caligula was rather mad and many say he saw himself as a god. Indeed, Zelensky has outlawed your religion as part of the Moscow Russian Orthodox Church demanding you now obey his replacement of a Kyiv Patriarch. The Romans did the same insofar as they appointed the High Priest of the Jewish religion.
Though the Zealots were always rebellious, Jewish tensions rose sharply when Nero plundered the Jewish Temple of its treasury in 66 AD. This followed the Great Fire of Rome and Nero was short of cash and he was the first to begin debasing the coinage. Like Henry VIII who also was broke raided the Catholic Church, Nero did the same to the Jews. He seized large amounts of silver from the Temple. The story of how the Jews also wanted their autonomy like the Donbas from Ukraine, in both cases there was a rise in nationalism with the aim of freeing the Holy Land from the earthly powers of the Romans, and in the case of the Donbas, the oppression of Ukrainians to the blind eye of the West.
In addition to the Romans, the Jewish peasantry was also angry with the corruption in the Jewish priesthood class as they were pawns of the Romans. It was the Jewish priests who turned Jesus over to the Romans. They were indeed very corrupt not unlike the corruption that had plagued the high priest in Rome who Julius Caesar was forced to overthrow. At the end, when Nero died leaving no heir, the Roman Empire fell into civil war. Vespasian (69-79AD) was forced to crush the Jews out of fear that if he did not, other provinces might rise up and demand freedom as well.
It is an interesting comparison as Kyiv has sought to oppress the Donbas and any student of history knows the hatred of Ukrainians v Russians. Why should the Donbas remain a second-class group of people oppressed by Ukrainians? The West only cares about destroying Russia and you are the pawn in the middle.
While the NY Times was still supporting Bankman-Fried, if the truth is ever really allowed to surface, you will find that FTX was I believe funneling kickbacks to the Democrats from the billions they handed Zelensky. Ukraine pleads for money and I have warned DO NOT SEND ANY FUNDS TO UKRAINE. If you want to help the people, donate to Red Cross – not the Ukrainian government. It is the most corrupt government at least in Europe if not the world. They keep putting out total BS to keep the money flowing. Why was Ukraine pouring money into FTX rather than taking care of its own people?
I was asked by a reporter from the NY Post did I think Republic National Bank was laundering money through my accounts with all the errors, AS THEY WERE DOING IN MADOFF! I told them I had no idea. The error would be backed out the next day and I did not see where it came from and if it went back to the same account or anyone. They do this ALL THE TIME! Madoff simply pled guilty and that prevents a trial so you will never know the truth. I believe he did so to protect his family. The banks claimed they had no idea! That was simply a lie. What about the regs – know your client? They do not apply when the banks are laundering money for someone in power.
I have warned from the start, Ukraine CANNOT be trusted and Zelensky is the man who would start World War III. Everything you worked for your entire life will be forfeited because of this actor. Look at the way he dresses. He is pretending to be poor and at war as if he was a soldier. I CANNOT stress enough, the sheer unbridled hatred of Ukrainian toward Russians is off the chart. They will massacre the Russians that have lived in the Donbas for centuries. That region should have been separated and those people have a fundamental human right to determine to live free of the hatred from Kyiv.
Those who listen to the propaganda that this is all Putin are surrendering not just their own future but their children and grandchildren. No matter what I write, I cannot stop our total collapse into war. It is NEVER the people who wage war, it is always those in power. In this war, they need to cover up the collapse in the monetary system. But they are wrong. They think they can destroy Russia and there will be no nuclear war.
The US just agreed to a military partnership with Israel for we are looking a the Middle East erupting into war. I cannot believe how DUMP our leaders really are. If the shoe was on the other foot, I would launch the missiles from North Korea against the South and Japan, China takes Taiwan, Iran kicks ass in the Middle East, and Russia nukes Kyiv and Warsaw. Both Hitler and Napoleon lost because you CANNOT wage a war on multiple fronts. The US thinks it can use the bodies of other nations and just supply the arms. If I wanted to take down the United States and Europe grinding them into the dirt, you wage war on four fronts simultaneously. Neither Europe nor the United States has the boots on the ground to defend against such an onslaught.
It was the sheer hatred of that region that started World War I. There is no resolution. Ukraine will fight for its total annihilation. Take out Kyiv and then ask, is this what Europe wants and the United States? One Russian nuclear sub can surface offshore and fire 60 warheads. One 200-megaton set off in the Irish Sea will wipe out all of Britain.
Back in 2014, I wrote: ” Divide Ukraine along the historical language faultline and call it a day.” The borders claimed by Ukraine were merely drawn by Kruchev for administrative purposes. Then everyone was Russia. Ukraine was never a country and that is why it embraced ethnic cleansing and the German Nazi Movement. But today, they are not to be trusted with anything. The military support should END. After all, it was the USA that began the civil war using the interim government in 2014 instructing them to immediately send troops to wage war on the Donbas. The Ukrainian people wanted peace and that is what Zelensky promised. No elected government in Ukraine began this war. It was all at the direction of NATO and the USA. That is why Markel played Putin as a fool to just buy time for Ukraine to build its army.
This is a situation that will NEVER be resolved without dividing the country along ethnic lines. The Middle East is no different between Sunni and Shite. There will never be a resolution. Christianity had its Protestant Revolution and there is no way all of Christians will return to the Pope. The same division exists in Ukraine as well as the Middle East. – Accept it and move on.
The resolution “Towards a New International Economic Order,” reaffirmed the United Nation’s need for power to continue working towards a new international economic order based on the principles of equity, sovereign equality, interdependence, common interest, cooperation, and solidarity among all States. It passed from 123 to 50.
Back during the 1970s, in the aftermath of the oil crisis of 1973, developing countries used the United Nations Conference on Trade and Development (UNCTAD) for political purposes. The UNCTAD had been set up in 1964 as a counter to the General Agreement on Tariffs and Trade (GATT) which in itself was the forerunner of the World Trade Organization, WTO. They were demanding grand changes in the management of the global economic system. Their demands were embodied in the Declaration for the Establishment of a New International Economic Order (NIEO), which had been adopted by the United Nations General Assembly back in May of 1974.
It’s stunning today to read the NIEO demands from 1974 since they are almost exactly the same as what the UNCTAD and previous Director General of the WTO (2002-2005), are currently calling for. Today, they are still calling for the suppression of volatile commodity markets as they did back in 1974. They seek preferential trade access to rich country markets, intervention in foreign exchange rates, controlling cross-border capital flows which capital fears a government needs to leave, continue aid to underdeveloped nations, and let us not forget favorable debt rescheduling (defaults). On top of this, they want the United Nation to be in charge of regulating multinational corporations to ensure that they comply with national laws and foster the technology transfers that they want.
All this represents is a drastic turn to a world of authoritarianism as they do what Karl Marx tried and failed – ELIMINATE the Business Cycle. Our ECM Model on the United Nations’ next turning point comes up to March 18/19th, 2023. This is leading into the chaos between January and May of 2023, which is also 31.4 years from the fall of the USSR.
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!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 