If China Can Fund Infrastructure With Its Own Credit, So Can We

[Economic]
If China Can Fund Infrastructure With Its Own Credit, So Can We
By Ellen Brown
Posted May 22, 2017

US could learn from ChinaWhile American politicians debate endlessly over how to finance the needed fixes and which ones to implement, the Chinese have managed to fund massive infrastructure projects all across their country, including 12,000 miles of high-speed rail built just in the last decade. How have they done it, and why can’t we?

A key difference between China and the US is that the Chinese government owns the majority of its banks. About 40% of the funding for its giant railway project comes from bonds issued by the Ministry of Railway, 10-20% comes from provincial and local governments, and the remaining 40-50% is provided by loans from federally-owned banks and financial institutions. Like private banks, state-owned banks simply create money as credit on their books. (More on this below.) The difference is that they return their profits to the government, making the loans interest-free; and the loans can be rolled over indefinitely. In effect, the Chinese government decides what work it wants done, draws on its own national credit card, pays Chinese workers to do it, and repays the loans with the proceeds. More…

Banks Are Evil

[Economic]
Banks Are Evil
by Adam Taggart
Posted May 22, 2017

banks are evilIt’s time to get painfully honest about this. I don’t talk to my classmates from business school anymore, many of whom went to work in the financial industry. Why?

Because, through the lens we use here at PeakProsperity.com to look at the world, I’ve increasingly come to see the financial industry — with the big banks at its core — as the root cause of injustice in today’s society. I can no longer separate any personal affections I might have for my fellow alumni from the evil that their companies perpetrate.

And I’m choosing that word deliberately: Evil.

In my opinion, it’s long past time we be brutally honest about the banks. Their influence and reach has metastasized to the point where we now live under a captive system. From our retirement accounts, to our homes, to the laws we live under — the banks control it all. And they run the system for their benefit, not ours. More…

Money and Spirituality – 5 Common Abundance Blocks, and How to Transform Them

[Spirit]
Money and Spirituality – 5 Common Abundance Blocks, and How to Transform Them
By Juliet Tang
Posted May 21, 2017

money and spiritualityMoney is a touchy topic for many given we live in a world where most of us have been programmed to buy into the belief that there is not enough, and we have most likely at some point in our lives witnessed and experienced (or are witnessing and experiencing) a state of lack. More often than not, it is a subject that triggers emotions such as anger, anxiety, insecurity and frustration since, in our society, our relationship with money is tied to our experience of abundance, security and freedom.

The purpose of this article is not to discuss the philosophical or political aspects of money, it is to guide you in the process of examining, and perhaps shifting, your own relationship with this specific form of energy exchange, should you feel inspired. More…

 

Congressional Briefing Panel: Paper ballots crucial to the future of election integrity

[Politics]
Congressional Briefing Panel: Paper ballots crucial to the future of election integrity
By Marta Steele
Posted May 20, 2017

only paper ballots can be trustedPaper ballots are crucial to the future of election integrity, a panel of seven distinguished experts all agreed at a congressional briefing on Strengthening Election Cybersecurity yesterday, May 15. And bipartisan cooperation is vitally necessary toward this goal.

Paper is essential to elections, in the form of paper ballots used for voting on optical scanners, with voter-verified auditable paper trails (VVPAT) as generated by some touch screens an alternative, but ditching the DREs (direct-recording electronic voting machines ) altogether is vitally necessary. The problem is that most states can’t afford to purchase new machinery. More…

Docs Show How Monsanto Crushes Dissent with Thousands of Paid Trolls

[Media]
Docs Show How Monsanto Crushes Dissent with Thousands of Paid Trolls
by Christina Sarich
Posted May 20, 2017

Monsanto hires trolls to crush dissentMonsanto was once blamed for having an entire department within its St. Louis headquarters for dishing out disinfo and trolling dissenters, but now there is a paper trail proving they’ve been messing with your heads.

Pre-trials for over 50 lawsuits in the US District Court in San Francisco have unearthed Monsanto’s dirty little secret – aside from the Plaintiffs’ claim that the herbicide Round Up caused their non-Hodgkin’s lymphoma.

It seems Monsanto has been hiring, through third parties, thousands of Internet trolls to counter negative comments about their products and business practices, and to promote their company with pseudo-scientific reports downplaying the probable risks of glyphosate, as well as the “inert” ingredients in their best-selling pesticides. More…

The Plan to Control ALL Your Money is Now at Advanced Stage

[Economic]
The Plan to Control ALL Your Money is Now at Advanced Stage
by Ben Traynor
Posted May 19, 2017

the beginnings of massive theft“They’re coming for your money. Every last penny.” That sounds like a weird, tinfoil-hat thing to say, doesn’t it? And I guess it is.

As the old saying goes, though, just because you’re paranoid doesn’t mean they’re not out to get you!

Because it turns out – as you’ll keep reading you’ll learn exactly why I’m saying this – that they really do plan to take total control of your money. Every penny you have in the bank and anything you take out of the bank too.

I will show you how the monetary powers plan to take control of your wealth. You’ll also see why this plan is already at a very advanced stage. Armed with this knowledge, you’ll be able to spot the warning signs before they put their plan into action. So you can get ahead of this new threat to your financial well-being. More…

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Quotable Sayings

our system favors corporations over people

It is a fundamental paradox of our time that in the name of market competition we have created a system that unifies corporations while dividing people and forcing them into global competition for corporate favor.

David Korten

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The Shocking Truth about Our Money System and How We Can Break Free!

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Great story on why we need to remove ALL of our elected government representatives

This site is designed for people who wish to follow important events, but do not have time to do a lot of reading. If you follow this site for a period of time, the daily fresh stories in different categories will over time provide you with an understanding of the “big picture” by showing you both the problems and the solutions. Hopefully this will inspire you to listen to your inner wisdom and become part of the solution.