Money Creation — What The World Thinks
by Stan Jourdan
Posted April 4, 2018
A recent survey covering 20 countries concludes that only 20% of the population is aware that money creation is being largely managed by the private banking sector and 13% agrees this should be so. In contrast, nearly 59% would prefer that such a privilege be granted to public institution.
How many people are aware that private banks create money ; and is this system the favorite option of citizens? These questions were part of the Glocalities survey carried out by Motivaction International and the Sustainable Finance Lab that was held in December 2013 and January 2014. More than 23,000 people in 20 countries participated to the poll. The results (pdf) from this unique survey provide greater legitimacy to our money reform proposal which aims at making money creation managed by and for the public. More…
Alarm Bells Sounded on Wall Street’s Derivatives
By Pam Martens and Russ Martens
Posted April 4, 2018
On February 14, the week after the Dow Jones Industrial Average experienced two separate days of more than 1,000-point losses, the House Financial Services’ Subcommittee on Capital Markets, Securities and Investment convened a hearing to discuss various legislative proposals to return to the wild west era of derivatives trading on Wall Street. (Many, including Wall Street On Parade, believe that we’ve never left that era – the risks have simply been hidden behind a dark curtain.
One lonely voice for sanity on the witness panel, which was stacked with industry trade groups, was Andy Green, Managing Director at the Economic Policy Center for American Progress. Green’s written testimony stated that the legislative proposals “slice, dice, or otherwise poke holes – sometimes large holes – in the firewalls placed in the derivatives markets by post 2008 reforms….” More…
Reprogramming Your DNA By Your Words
By Michael Forrester
Posted April 3, 2018
Our DNA can feed its proper data into a network of consciousness and can call up data from the network and also establish contact with other participants in the network. When words and phrases are spoken and modulated on specific frequencies — the reprogramming effect on DNA are extraordinary.
In recent years, Russian scientists have embarked on groundbreaking DNA research, and have made a stunning scientific discovery. In an astonishing experiment, these scientists discovered that the human body’s DNA can easily be reprogrammed by human speech.
According to them, our DNA is not only responsible for the construction of our body but also serves as data storage and in communication. The Russian linguists found that the genetic code, especially in the apparently useless junk DNA follows the same rules as all our human languages. To this end they compared the rules of syntax (the way in which words are put together to form phrases and sentences), semantics (the study of meaning in language forms) and the basic rules of grammar. They found that the alkalines of our DNA follow a regular grammar and do have set rules just like our languages. So human languages did not appear coincidentally but are a reflection of our inherent DNA. More…
Russian Meddling: Gagging on the Irony
by Charles Hugh Smith
Posted April 3, 2018
The irony that is most gagging is that America’s power elite is destroying the nation’s social order by its concentration of wealth and abuse of power.
America’s foreign policy is one of absolute entitlement to influence the domestic affairs and politics of every nation of interest, which to a truly global empire includes every nation on the planet to the degree every nation is a market and/or a potential threat to U.S. interests.
Assassination of elected leaders–no problem.
Funding the emergence of new U.S.-directed political parties–just another day at the office. Inciting dissent and discord to destabilize regimes–it’s what we do, folks. Funding outright propaganda–one of our enduring specialties. Privatizing public assets to reward our cronies and domestic corporations–nothing’s more profitable than a public monopoly transformed into a privately owned monopoly. More…
How to Kill 300,000 Americans with Opioids
by Trey Goff
Posted April 2, 2018
If someone wanted to kill 300,000 Americans and get away with it, they could not have accomplished it more effectively than our government has accomplished it with the opioid epidemic.
If someone— let’s say good old Uncle Sam—wanted to kill 300,000 Americans, they would go about it as detailed in this step-by-step guide. This also just so happens to be precisely how our government did go about it.
Step 1 – In 1996, Uncle Sam would award a 17-year government patent monopoly to Purdue Pharma to be the exclusive supplier of OxyContin, an addictive and potentially deadly opioid painkiller. This would ensure that they had a massive multi-billion-dollar profit incentive to get as many people addicted as possible without any generic competition to keep this profit motive in check.
Step 2 – To further fuel the use of OxyContin, Uncle Sam would cover the cost of it through Medicaid and Social Security Disability Insurance (SSDI). This would ensure that there were billions of dollars available to fund the purchase of massive quantities of the addictive and potentially deadly substance. More steps…
Leaked ICE Guide Offers Unprecedented View of Agency’s Asset Forfeiture Tactics
by Ryan Devereaux & Spencer Woodman
Posted April 1, 2018
An internal handbook obtained by The Intercept provides a rare view into the extensive asset seizure operations of ICE’s Homeland Security Investigations, an office that trains its agents to meticulously appraise the value of property before taking it.
HSI’s 71-page “Asset Forfeiture Handbook,” dated June 30, 2010, underscores the role seizures play in “helping to fund future law enforcement actions” and covering costs “that HSI would otherwise be unable to fund.” It thus offers an unprecedented window into ICE’s wide-ranging asset forfeiture operations and the premium the agency places on seizing valuable property. Forfeiture proceeds can bolster ICE’s partnerships with local police departments, which are now the subject of heightened debate given the Trump administration’s hard-line immigration agenda. More…
The All-Important Doorman
by Jeff Thomas
Posted March 30, 2018
Picture this: A tribal leader from a distant country visits the US. He’s brought to a large apartment building in New York City. When he gets out of the car, he looks up at the great building and is quite impressed. A uniformed doorman exits the foyer and comes out on the sidewalk. The tribesman sees the gold braiding and brass buttons of his coat and immediately decides that this is a very important person. Again he looks up at the building and says to the doorman, “This is a very great home you have. You must be very important indeed.”
Of course, if we were present, we might chuckle at the tribesman’s naiveté. The owners of such a great building would never greet people at the entrance. They leave such trivial tasks to hired servants, whilst they run the real business without ever needing any direct contact with visitors as they enter the building. And, in addition, doormen come and go – they are, after all, disposable. The owners – those who control what happens in the building – retain their positions over the long term… and may remain anonymous, if they so choose. More…
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