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Economic Articles from 2020

75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF

[Economic] [Justice]
75% of the $454 Billion CARES Act Money Never Went to the Fed; It Was Invested by a Mnuchin Slush Fund Called the ESF
By Pam Martens and Russ Martens
Posted December 29, 2020

over $300 billion missing from CARES ActThe CARES Act was signed into law on March 27. Congress earmarked $454 billion of that stimulus money to be distributed by the Treasury to the Federal Reserve to be used for emergency lending programs to save businesses and jobs during the pandemic and keep credit flowing to the U.S. economy. The catch was that the Treasury Secretary, Steve Mnuchin, would have to give his approval for each of the programs.

Since June, Wall Street On Parade has been reporting that $340 billion of the $454 billion that Mnuchin was instructed to turn over to the Fed was unaccounted for. We noted that 98,000 businesses had permanently closed in the U.S. while this money, intended for economic relief, went missing.

Wall Street On Parade has repeatedly asked the press office of the U.S. Treasury to explain this discrepancy. It has refused to answer our inquiries. More…

Both Citigroup and JPMorgan Have Now Received Huge Fines for Crimes the Regulators Won’t Reveal

[Economic] [Justice]
Both Citigroup and JPMorgan Have Now Received Huge Fines for Crimes the Regulators Won’t Reveal
By Pam Martens and Russ Martens
Posted December 26, 2020

no prison for the well connectedOn October 7, the Federal Reserve and Office of the Comptroller of the Currency (OCC) announced consent decrees with Citigroup, the third largest bank in the country. The OCC imposed a $400 million fine on Citigroup’s federally-insured commercial bank, Citibank, and stated in its Consent Order that it had “identified unsafe or unsound practices with respect to the Bank’s internal controls, including, among other things, an absence of clearly defined roles and responsibilities and noncompliance with multiple laws and regulations.”

But for the first time in more than 35 years of our reading these Consent Orders against Wall Street banks, the documents from both the OCC and Federal Reserve failed to specify exactly what crimes the bank had committed. We were so stunned by a $400 million fine for crimes that can’t be put in print or shared with the public, that we penned the headline: Citigroup Is Slapped with a $400 Million Fine for Doing Something So Bad It Can’t Be Spoken Out Loud. More…
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The Global Takeover Is Underway

[Economic] [Politics] [Social]
The Global Takeover Is Underway
by Dr. Mercola
Posted December 10, 2020

virus as cover for takeoverFor decades, war and the threat of war has enriched the technocratic elite and kept the population going along with their agenda. War and physical attacks have been repeatedly used to foist ever more draconian restrictions upon us and remove our liberties. The Patriot Act, rammed through in the aftermath of 9/11, is just one egregious example.

Today, pandemics and the threat of infectious outbreaks are the new tools of war and social control. For years, Gates has prepared the global psyche for a new enemy: deadly, invisible viruses that can crop up at any time.1,2 And the only way to protect ourselves is by giving up old-fashioned notions of privacy, liberty and personal decision-making.

We need to maintain our distance from others, including family members. We need to wear masks, even in our own homes and during sex. We need to close down small businesses and work from home. We need to vaccinate the entire global population and put stringent travel restrictions into place to prevent the potential for spread.

We must track and trace everyone, every moment of the day and night, and install biometric readers into everyone’s bodies to identify who the potential risk-carriers are. Infected people are the new threat. This is what the technocratic elite wants you to believe, and they’ve succeeded to convince a shocking ratio of the global population of this in just a few short months. More…

Want Hope and Real Growth? Let the Dead Forest of Corruption and Fed Manipulation Burn Down

[Economic] [Social]
Want Hope and Real Growth? Let the Dead Forest of Corruption and Fed Manipulation Burn Down
by Charles Hugh Smith
Posted November 25, 2020

Federal Reserve is at the root of many problemsWake up, America, and see the Fed for what it really is: a totalitarian tool of kleptocracy.

You know what happens when fire suppression policies limit forest fires: deadwood piles up and all the trees killed by bark beetles are awaiting a spark to ignite. Sure enough, a random lightning strike provides the ignition, and the entire forest is consumed in an out-of-control conflagration made inevitable by the policy of suppressing fires as “bad” for lumber companies and tourism, i.e. the politically influential.

This is a remarkably apt analogy for the central banks’ policy of suppressing business cycle recessions that burn down dead zombie corporations and all the deadwood suppressing new growth. More…

A New World Monetary Order Is Coming

[Economic] [Politics]
A New World Monetary Order Is Coming
By Stefan Gleason
Posted November 23, 2020

great dangers to freedom in cashless societyThe global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy.

Central bankers now appear poised to embark on their biggest power play ever.

Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is preparing to roll out central bank digital currencies.

The next frontier of the Fed’s unlimited mandate could be “FedCoin” – a central bank digital currency. More…

Sugar and Spice and Everything Vice: the Empire’s Sin City of London

[Economic] [Social]
Sugar and Spice and Everything Vice: the Empire’s Sin City of London
By Cynthia Chung
Posted November 19, 2020

Wall St abd City of London greedThe 2008 crisis put in the spotlight the psychopathic level of greed, vice, apathy and short-sightedness from those who wanted to play into the City of London and Wall Street casino houses. Get rich quick and don’t care who you screw in the process, after all, at the end of the day you’re either a winner or a loser.

Since the general public tends to consist of decent people, there is a widespread difficulty in comprehending how entire economies of countries have been hijacked by these piranhas. That we have hit such a level of crime that even people’s hard earned pensions, education, health-care, housing etc. are all being gambled away… LEGALLY.

Looking upon investment bankers today, one is reminded of those sad addicts in the casino who are ruined and lose everything, except the difference is, they are given the option to sell their neighbour’s family into slavery to pay off their debt. More…

What the Great Reset Architects Don’t Want You To Understand About Economics

[Economic]
What the Great Reset Architects Don’t Want You To Understand About Economics
By Matthew Ehret
Posted November 16,2020

debt bomb It shouldn’t come as a surprise that the Vice President of the World Bank Carmen Reinhardt recently warned on October 15 that a new financial disaster looms ominously over the horizon with a vast sovereign default and a corporate debt default. Just in the past 6 months of bailouts unleashed by the blowout of the system induced by the Coronavirus lockdown, Reinhardt noted that the U.S. Federal Reserve created $3.4 Trillion out of thin air while it took 40 years to create $14 Trillion.

Meanwhile panicking economists are screaming in tandem that banks across Trans Atlantic must unleash ever more hyperinflationary quantitative easing which threatens to turn our money into toilet paper while at the same time acquiescing to infinite lockdowns in response to a disease which has the fatality levels of a common flu.

The fact of the oncoming collapse itself should not be a surprise- especially when one is reminded of the $1.5 quadrillion of derivatives which has taken over a world economy which generates a mere $80 trillion/year in measurable goods and trade. These nebulous bets on insurance on bets on collateralized debts known as derivatives didn’t even exist a few decades ago, and the fact is that no matter what the Federal Reserve and European Central Bank have attempted to do to stop a new rupture of this overextended casino bubble of an economy in recent months, nothing has worked. More…

There Is A Solution To Big Tech Censorship – But No Politician Will Touch it

[Politics] [Economic] [Media]
There Is A Solution To Big Tech Censorship – But No Politician Will Touch it
by Brandon Smith
Posted November 14, 2020

corporate censorshipIf you value freedom and the Bill of Rights, then this debate leaves us at an impasse. Both sides (perhaps conveniently) lead to a totalitarian outcome. The thing is, the publicly presented argument is a contrived one, a manipulated discussion that only presents two sides when there are more options to consider. The narrative is fixed, it is a farce.

The public has been led to believe that government and corporations are separate tools that can be used to keep each side in check. This is a lie. Big government and big corporations have always worked together while pretending to be disconnected, and this needs to stop if we are to ever defuse the political time bomb we now face.

To solve the social media censorship debacle we need to examine the very roots of corporations as entities. First, corporations as we know them today are a relatively new phenomenon. Adam Smith described the concept of a corporation as a “joint stock company” in his treatise ‘The Wealth Of Nations’, and stood against them as a threat to free market economics. He specifically outlined their history of monopoly and failure, and criticized their habit of avoiding responsibility for mistakes and crimes. More…

The Silver Stealers

[Economic]
The Silver Stealers
by Charles Savoie
Posted November 11, 2020

silver as a great equalizer,  is in dangerTed Butler, the most widely followed silver commentator, has often said to buy and hold physical, because that puts you beyond COMEX rule changes. That’s correct! However, there remains an immeasurably more insidious, far reaching entity that can change rules—Uncle Sam, and he’s tightly in the grasp of the same forces who’ve depressed silver for generations.

Uncle Sam nationalized gold and silver in the Franklin Roosevelt administration; this is subject to a repeat! Now that the price can’t be suppressed, what’s next? FORBID OWNERSHIP! You have hours for professional sports and TV talk shows; how about some time for your property rights, without which you can go broke? Whether the excuse cited is North Korea, the Middle East or other, the actual reason is to break us and prevent capital formation on our part! Please read and act on what follows— More…

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Quotable Sayings

nothing can stop a determined soulThere is no chance, no destiny, no fate that can circumvent or hinder or control the firm resolve of a determined soul.

Ella Wheeler Wilcox

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billionaires don't EARN money, they MAKE money

You do not become a billionaire through labor. You become a billionaire through inheritance, corruption or economic rents – or, in most cases, some mixture of all three.

Grace Blakeley

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same puppet master pulling strings on both sides

Mainstream American liberals think they’re clear-eyed because they can see the propaganda strings being pulled by Fox and Donald Trump, and mainstream American conservatives think they’re clear-eyed because they can see the propaganda strings being pulled by MSNBC and the Democrats, but the propaganda strings on both trace back to the same puppet master. And seeing that is just the beginning.

Caitlin Johnstone

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discover your infinite worth

You alone are the judge of your worth and your goal is to discover infinite worth in yourself, no matter what anyone else thinks.

Deepak Chopra

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main stream media propaganda

It is obvious that the US government is destroying Assange to signal to journalists the consequences of publishing information. It is therefore also obvious that any journalist who fails to use whatever platform they have to speak out against Assange’s persecution has no intention of ever publishing anything that the US government doesn’t want published. Their silence on or support for what is being done to this man can and should be taken as an admission that they are nothing other than state propagandists.

Caitlin Johnstone

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Britian's Orwellian tactics against Julian Assange

It’s quite fitting that the – imperially pre-determined – judicial fate of Julian Assange is being played out in Britain, the home of George Orwell.

Pepe Escobar

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More Quotable Sayings

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How is it that we were taught to fear witches, rather than those burning them?

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

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.