Tag Archives: Universal income

Jul 23 2020

The Coming Coin Shortage


The Federal Reserve also established a U.S. Coin Task Force

Dr. Ileana Johnson Paugh image

Re-Posted from the Canada Free Press By  —— Bio and Archives—July 22, 2020

The Coming Coin Shortage

As if the global economic disaster caused by the Chinese Covid-19 viral pandemic was not bad enough, the looming global “coin shortage” and the “unknown pneumonia” (Covid-20?) in Kazakhstan are here.

Why exactly do we have a coin shortage?

  • Banks tell us that the Fed are not releasing enough coins.
  • Armstrong Economics wrote that faith in governments has been eroded. It sees governments as promoters of the idea that money is dirty, and the solution is to eliminate coins and paper money even though physical money as a medium of exchange has been in circulation for centuries.
  • The U.S. Treasury reported a disruption in the coin supply chain and its velocity of circulation due to the lockdowns and the huge reduction in consumption in the last four months of forced lockdowns in all 50 states. People shopped mostly for food and avoided all other venues of direct commerce for fear of Covid-19 infection and because so many places were closed. Many shopped online or in large retailers like Costco, Target, Walmart, and Amazon.
  • Allegedly, the U.S. Mint has minted less coins to protect employees from COVID-19. It is an interesting issue to ponder since minting coins and printing paper currency are highly automated operations, with expensive computers driving the printing and minting presses and requiring very few employees, mostly in checking roles to make sure the machines run properly and the mint/print are done correctly, as well as controlling the quality of each batch that is bound and packaged for distribution and circulation.
  • Some central banks are sterilizing money with UV light to prevent the spread of viral infections.
  • The Fed purportedly quarantined for ten days U.S. dollars returning from Europe and Asia.

The U.S. Treasury sees the current coin shortage in U.S. businesses as a decrease in velocity of various coins in circulation. The Treasury estimated the value of coins in circulation in April 2020 of $47.8 billion as an adequate coin supply, larger than last year’s supply of coins by at least half a billion. But the closing of retail shops, many permanently, bank branches, transit authorities, and laundromats due to Covid-19 fears, eliminated the typical places where coins enter circulation.

Nobody knows exactly if people are hoarding coins on purpose or if the businesses that have closed temporarily or permanently have cleared out all their cash registers of coins and paper currency.

“The coin supply chain includes many participants, from the U.S. Mint who produces new coin, to the Federal Reserve who distributes coin on the U.S. Mint’s behalf, to armored carriers, banks, retailers and consumers, all of whom have a role to play in helping to resolve this issue.”

On June 11, the Federal Reserve announced the Strategic Allocation of Coin Inventories which was a temporary coin order allocation in all Reserve Bank offices and Federal Reserve coin distribution locations effective June 15, 2020.

The Federal Reserve also established a U.S. Coin Task Force in early July to deal with disruptions to normal coin circulation.  All interested parties participated – U.S. Mint, Federal Reserve, armored carriers, American Bankers Association, Independent Community Bankers Association, National Association of Federal Credit Unions, Coin aggregator representatives, and retail trade industry.

The Federal Reserve said that “it is confident that the coin inventory issues will resolve once the economy opens more broadly and the coin supply chain returns to normal circulation patterns, however, “it recognizes that these measures alone will not be enough to resolve near-term issues.”

Jul 23 2020

National Peanut Growers Association Saves Washington Redskins Franchise!


William Kevin Stoos image

Re-posted from the Canada Free Press By  —— Bio and Archives—July 22, 2020

National Peanut Growers Association Saves Washington Redskins Franchise!

—Satire

Lance LeGume, President of the National Redskin Peanut Growers Association, in a recent exclusive interview with Ace Reporter Hugh Betcha of the Canada Free Press, announced a stunning new development: the Washington Redskins football franchise will be soon be purchased by the National Redskin Peanut Growers Association for an undisclosed sum which will allow the franchise to retain the franchise name and change the team logo slightly to remove any suggestion of political incorrectness.

“It is a win-win,” announced LeGume as he held up a helmet displaying the new logo: the ubiquitous and tasty redskin peanut. “We keep the famous and revered name, and get free publicity for our wonderful product each time the team takes the field. Everyone is reminded of this tasty snack, everyone is happy, and no one is offended. Who does not love redskin peanuts?”

But when asked for comment on this new development, Nancy Pelosi reacted with an outburst of anger typically reserved for anything that Donald Trump does.

“This is just one more example of the right wing, racist Republicans’ attempt to smear an entire race of people, which must be stopped,” she yelled as she slammed his fist on the desk.  “We are going to introduce new legislation to block it,” she said.

“You mean the sale of the franchise?” Hugh inquired.

“No,” replied Pelosi, “the word ‘redskins’. It is inherently offensive. You may change the logo, but people will still see the peanut and hear the word and be reminded that there are people out there with red skin, and someone, somewhere, somehow is still going to be offended. This is why I do not even eat the damn things anymore. Every time I ate a redskins peanut I was reminded of our treatment of Native Americans over the years.”

Nonplussed,  Hugh terminated the interview and filed this report.

In a related, fast-breaking story, Pelosi announced today that the House will take up legislation banning certain words or phrases, among them: “white bread,” “white milk,” “White House,” “Snow White,” “White Christmas,” and other equally offensive words or phrases too numerous to repeat here….

Jul 21 2020

If Joe Only Had A Brain


‘Without a brain, Joe Biden simply cannot reign’

Judi McLeod image

Re-posted from the Canada Free Press By  & Kelly O’Connell—— Bio and Archives—July 20, 2020

If Joe Only Had A Brain

The Democrat Donkey Race heading down the trail for Election 2020 is off to a start with Joe Biden, former bartender Alexandria Ocasio-Cortez (AOC) and a badly reconfigured Kamala Harris are now ‘Off to See The Wizard, the Wonderful Wizard of Oz.

Their campaign theme song should be a full-throated ‘If Joe Only Had a Brain’.

The entire electorate will soon hear Joe singing:

…”I could while away the hours
Dreamin’ of new powers
Watch America circlin’ the drain.

“Kamala’s hair I’ll be sniffin’
while common sense I’m missin’
If I only had a brain”….

With the Straw Man’s refrain droning non-stop through our tired-of-mask-wearing heads, some of us are singing, ‘Without a brain, Joe Biden simply cannot reign’.

But Straw Man Joe’s only the center of this comical little trio now skipping ‘Off to see the Wizard’.

Kamala Harris (yes, that’s really who debuted her ‘new look’ during Saturday’s interview with the Rev. Al Sharpton!) is barely recognizable in a new plastic surgery makeover that seems to outdo Lizzy Warren’s cherished high cheek bones, but even with that freaky new look, underneath all her rearranged skin, Kamala’s still really the same old, same old.

Much of Brainless Joe’s campaign platform is AOC’s, but with the Squad leader’s full support,  he didn’t have to plagiarize something not really his this time.

Some of us will go on singing that ‘Without a brain, Joe Simply Cannot Reign’.

If Kamala can have jaw-dropping plastic apples inserted in a facelift, why can’t Biden have a Brain Transplant?

While singing the refrains to ‘If I Only Had A Brain’, can’t someone out there kick off a Go Fund Me Just Fund for a Biden Brain Transplant?

Puulease, Pretty Puulease?

Do it for the Children while the Biden/Harris/AOC trio makes its way along the crazed Yellow Brick Road.

Meanwhile, here’s an updated list of Joe Biden gaffes proving he really needs a brain transplant:

Time: Top 10 Joe Biden Gaffes
RationalWiki: Full List of Joe Biden Gaffes

BIDEN UNITY PLATFORM

—From The Rose Garden White House Transcripts

Last week, Joe Biden released his unity platform, developed with socialist Bernie Sanders, describing what he would do if elected President.  The Biden-Sanders agenda is — agenda is the most extreme platform of any major party nominee, by far, in American history.  I think it’s worse than, actually, Bernie’s platform; it’s gone so far right.  And he’s doing that because he’s begging for their vote.

But one of the things I just asked my people to do is just draw up for me, just quickly, some of the things that we’ve been hearing about over the last couple of weeks.  And these are actual key elements of the Biden-Sanders unity platform:

  • Abolish immigration detention
  • Stop all deportation
  • End prosecution of illegal border crossers
  • Support the deadly sanctuary cities
  • Incentivize illegal-alien child smuggling
  • Expand asylum for all new illegal aliens
  • Cancel all asylum cooperation agreements in the Western Hemisphere
  • Taxpayer-funded lawyers will be given to all illegal aliens
  • Abolish immigration enforcement against illegal workers
  • Grant work permits for illegal aliens
  • Provide taxpayer subsidies and welfare for illegal aliens and new immigrants
  • Federal Student Aid and free community college for illegal aliens
  • Sign new immigrants up for welfare immediately
  • End requirement for immigrants’ self-sufficiency and maximize their welfare
  • End all travel bans
  • Grant mass amnesty
  • Vastly expand low-skilled immigration to the United States
  • Increase refugee admissions by 700 percent
  • Abolish law enforcement as we know it
  • End cash bail
  • Abolish completely the death penalty
  • Appoint social justice prosecutors in order to free violent criminals
  • End mandatory minimums
  • Incentivize prison closure
  • Abolish our police departments
  • End solitary confinement
  • Free federal housing for former inmates
  • Rejoin Paris Climate Accord
  • Mandate net-zero carbon emissions for homes, offices, and all new buildings by 2030
  • Mandate zero carbon emissions from power plants by 2035
  • Mandate net-zero carbon emissions by 2050
  • Mandate all 500,000 school buses and all 3 million government vehicles be changed to zero-emission vehicles within five years
  • Install 500,000 taxpayer-funded charging stations nationwide
  • End school choice
  • End tax credit scholarships serving disadvantaged students in 26 states
  • Oppose 14 million Americans with education savings accounts and get rid of school choice, having to do with school choice
  • Eliminate school choice in Washington, D.C.
  • Abolish all charter schools
  • Ban funding for charter schools in poor neighborhoods
  • Abolish educational standards
  • Enforce Obama-Biden’s radical AFFH

PEOPLESHEEP

— Tony Mangan, CFP’s Cowboy Poet

Some people tend to stand and wait
For someone else to spring the gate.
They stand and mind the things they keep,
Some people tend to be like sheep.

Politicians despots all,
Lead the sheep as they bawl
The sheep they follow, like they “oughta”
Alas, I fear, to final slaughter.

They put their heads down
And follow the leader
Reacting to the dogs
Who are setting the meter.

Ambling along without even a clue,
Believe they’re in tune with all that’s new,
Walk, eyes cast down, just like a snail
There’s nothing ahead–except somebody’s tail!

Jul 21 2020

Fed-X Assassin Dead – AG Bill Barr Releases Statement…


Posted originally on The Conservative Tree House on July 20, 2020 by 

The man who dressed as a Fed-X driver and attempted to assassinate Federal Judge Esther Salas has been found dead of an apparent ‘self-inflicted’ gunshot wound.

New Jersey […] The suspect was a white man who wore a face covering and a FedEx uniform, law enforcement sources told ABC News, and he used an ordinary car to make a getaway.

[…] The suspect was later found dead of an apparently self-inflicted gunshot wound near Liberty, New York, multiple law enforcement sources told ABC News. A municipal employee discovered the body in a car.

The deceased suspect was an attorney who had a case before Judge Salas in 2015, sources said. A FedEx package addressed to Judge Salas was discovered in the car, sources said.

“As a judge, she had threats from time to time, but everyone is saying that recently there had not been any,” said Mayor Womack, who is personal friends with the judge and her husband.  (read more)

Statement from U.S. Attorney General Bill Barr:

Jul 20 2020

Hoarding Cash and the plan to Eliminate cash!


Armstrong Economics Blog/Economics

Re-Posted Jul 20, 2020 by Martin Armstrong

The reason there is a shortage of cash developing around the world is rather straight-forward. The trust in the government is collapsing. Italy has just lowered the legal amount someone can pay for anything in cash from €3000 to €2000. Australia made it a criminal act to pay for anything with A$10,000 or more (US$7,000).  In Switzerland, the limit on cash you can withdraw from an ATM is CHF5,000. In Germany, the limitation is typically €1000. Greeks abroad will be able to withdraw up to 5,000 euros ($5,800) a month.

In the United States, the US Treasury says the pandemic has significantly disrupted the supply chain and circulation patterns of US coins. Additionally, the US Mint has been printing fewer coins to protect its employees from COVID-19. The World Health Organization (WHO) has not advised banning paper money, but it has stressed the need for handwashing after touching cash, which is a subtle caution that money should be limited. Some central banks are deploying measures to sterilize paper money with heat or UV light. Even the Fed began a seven to 10-day quarantine for United States dollars returning to the country from Europe and Asia.

It is very clear that governments are trying to paint money as dirty, and the solution is to eliminate physical money, despite the fact that it has been in use since about the 7th century BC. All of a sudden, it is a danger after 28 centuries. This plays nicely into the Socialist’s dream to control everything!

Jul 20 2020

Targeted Attempted Assassination – Family of Federal Judge Gunned Down in Their NJ Home – Massive Manhunt Underway…


Posted originally on The Conservative tree House on July 19, 2020 by 

The husband and son of Federal Judge Esther Salas were gunned down in their home this afternoon in a targeted attack.  The gunman rang the doorbell, Judge Salas’s husband, Mark Anderl, opened door and was immediately shot.  Her son ran to protect his father and he too was shot.  Both are in critical condition. Please lift up this family in prayer.

NBC New York –  The husband and son of a New Jersey federal judge were shot at their home Sunday afternoon, and a massive law enforcement response is underway.

Three senior law enforcement officials tell News 4 New York that a gunman shot Judge Esther Salas’s spouse and child at their North Brunswick home around 5 p.m. Sunday. Both are in very critical condition, the sources said.

Preliminary indications are that the husband answered the door and was shot multiple times; the son came running to the door and was shot as well before the gunman fled, the sources said. Judge Salas was believed to be in the basement at the time of the shooting.

[…] The FBI, U.S. Marshals, New Jersey State Police and the New Jersey Office of the Attorney General all have personnel on scene investigating. (more)