Category: Economics

Utah Takes Another Step Toward Breaking Money Monopoly: Gold And Silver.

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http://blog.tenthamendmentcenter.com/2017/02/utah-bill-would-set-stage-for-state-gold-and-silver-depository-further-encourage-use-of-metals-as-money/

SALT LAKE CITY, Utah (Feb. 1, 2017) – A bill introduced in the Utah legislature would build on the state’s Legal Tender Act, creating a foundation for further action to encourage the use of gold and silver as money, and take another step toward breaking the Federal Reserve’s monopoly on money.

Rep. Ken Ivory (R-West Jordan) introduced House Bill 224 (HB224) on Jan. 27. The legislation would add several provisions to state law designed to encourage the use of gold and silver as legal tender. Passage would set the stage for expansion of gold repositories in the state and authorize further study on several sound money policies.

Specifically, HB224 would authorize the investment of public funds in specie legal tender held in a commercial specie repository. Under existing code, “specie legal tender” means gold or silver coin and bullion. “Commercial specie repository” means an institution that holds or receives deposits of specie legal tender that is located within the state. Practically speaking, passage would give the state the option to hold funds in gold and silver instead of Federal Reserve notes.

The legislation would also direct the State Money Management Council to make rules governing quality criteria for a commercial specie repository, in consultation with the state auditor.

A “GOLD BANK” FOR UTAH

Gov. Greg Abbot signed legislation creating a Texas gold bullion and precious metal depository in June of 2015. The facility will not only provide a secure place for individuals, business, cities, counties, government agencies and even other countries to to store gold and other precious metals, the Texas law also creates a mechanism to facilitate the everyday use of gold and silver in business transactions. In short, a person will be able to deposit gold or silver – and pay other people through electronic means or checks – in sound money.

Ivory said “secure public transaction is the ultimate goal” in Utah as well.

In fact, the United Precious Metals Association (UPMA) already offers publicly available accounts denominated in gold and silver dollars in Utah. According to the UPMA, in the past year it has grown 700 percent in assets under management and made up 2 percent of the market for U.S gold and silver coins.

“Despite a couple of zerohedge articles, most people remain unaware of Utah’s gold bank,” UPMA head of sales and marketing Jeremy Cordon said. “We are a few years ahead of Texas.”

According to Cordon, passage of HB224 would give UPMA and similar repositories a special recognition by the state, and that would likely expand the market for their services. The state of Utah will also be able to hold legal tender gold and silver in such repositories under the proposed law.

HB224 would also authorize Federal Fund Commission “to study and assess the taxpayer reporting requirements for specie legal tender income and the remittance of taxes on specie legal tender income; the collection of severance taxes in specie legal tender for taxes assessed under Section 59-5-202 on gold and silver production; and (viii) the issuance of bonds denominated and payable in specie legal tender for the purpose of retiring existing government debt.”

LEGAL TENDER

In 2011, Utah became the first state in over 80 years to pass a law making gold and silver coin legal tender. The following year, the legislature followed up, approving a bill clarifing several tax measures and more importantly, expanding the definition of specie to include gold and silver coin approved by the state.

Passage of HB224 would take the next step forward and further open the door for the use of gold and silver in everyday transactions in the state.

In a speech to the UPMA announcing the legislation, Ivory emphasized the connection between sound money and liberty. He told the story of a woman who tried to pay her bill at Walmart with gold coins. The cashier told her she needed “real money.” When the lady went to the bank, the teller gave her face value for the 14 Double Eagle coins – $280. The value of the gold itself was over $20,000.

“Think about where we are when we don’t understand the value. The nature of our property, the nature of our liberty embodied and represented in money that has a fixed standard.”

IMPACT ON FEDERAL RESERVE

The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” States have simply ignored this constitutional provision for years. It’s impossible for states to return to a constitutional sound money system when it taxes gold and silver as a commodity.

State actions like Utah’s Constitutional Tender Act, and the creation of a bullion depository in Texas take steps toward that constitutional requirement, ignored for decades in every state and sets the stage to undermine the monopoly of the Federal Reserve by introducing competition into the monetary system.

By making gold and silver available for regular, daily transactions by the general public, the state depositories create the potential for wide-reaching effect. Professor William Greene is an expert on constitutional tender and said in a paper for the Mises Institute that when people in multiple states actually start using gold and silver instead of Federal Reserve notes, it would effectively nullify the Federal Reserve and end the federal government’s monopoly on money.

“Over time, as residents of the state use both Federal Reserve notes and silver and gold coins, the fact that the coins hold their value more than Federal Reserve notes do will lead to a ‘reverse Gresham’s Law’ effect, where good money (gold and silver coins) will drive out bad money (Federal Reserve notes).

“As this happens, a cascade of events can begin to occur, including the flow of real wealth toward the state’s treasury, an influx of banking business from outside of the state – as people in other states carry out their desire to bank with sound money – and an eventual outcry against the use of Federal Reserve notes for any transactions.”

Once things get to that point, Federal Reserve notes would become largely unwanted and irrelevant for ordinary people. Nullifying the Fed on a state by state level is what will get us there.

NEXT

HB224 was referred to the House Rules Committee, where it must pass by a majority vote before being referred to a standing committee for further consideration.

 

A SHREWD MOVE ON UTAH’S  PART?

WHAT DO YOU THINK?

 

China Speaks: Trump, South China Seas, Trade.

Full NBC interview, very interesting, and Lu Kang is a very confident speaker.

Well worth 30 minutes of your time.

Going Underground

https://theextinctionprotocol.wordpress.com/

underground

 

November 2016TEXAS – Some upper-income Texans are headed down below, not Australia, but in an large underground bunker complex. An investor group is planning for a doomsday scenario by building a $300 million luxury community underground replete with the latest leisure amenities like a golf course and shooting range. The development, called Trident Lakes, is in a little town called Ector, which is just northeast of Dallas. Residents will enjoy an equestrian center, 18-hole golf course, polo fields, zip lines and gun ranges. Retail shops, restaurants and a row of helipads are also in the works. For those looking to “get away,” they’ll also be able to enjoy three white sand beaches and a neighborhood spa.
“We’ve evolved it into long-term sustainability instead of a survival community,” Trident Lakes CEO Jim O’Connor told the Houston Chronicle, adding that the 400 planned condos will house about 1,600 people. “The concept is to build a community that will last two centuries or longer. That means we’re looking at designs that include earth structures that won’t be exposed to the elements.” Residents will first be able to move-in possibly as soon as 2018, O’Connor said, with construction slated to potentially begin next year.

“It’s not just a hole in the ground to hide in — it’s going to be one of the most plush resorts in all of Texas, if not America,” Trident Lakes spokesperson Richie Whitt told the Sherman Herald Democrat. “People are getting fearful of this world — there’s ISIS, there are things like Zika virus to race relation and the police brutality they see on TV — people are nervous. People want a place they can have safety for themselves and for the future of their families,” Whitt added. “If need be, it’s going to be one of the safest places on Earth.”

Jon Rappoport: Solving Problems At Home

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Nationalism, Globalism, Empire, and the vision of self-sufficiency

Nationalism, Globalism, Empire, and the vision of self-sufficiency

by Jon Rappoport

January 24, 2017

Nationalism is not Empire. Nationalism is solving problems at home.

Globalism is the non-partisan effort to immerse nations in a regional and planetary management system; mega-corporations and banks steer the ship.

Freedom includes the ability to choose between Nationalism and Globalism.

Globalism is not an organic grass-roots movement. It is imposed from above. (See my work on the Rockefeller Trilateral Commission to gain a view of “above.”)

Empire here implies the effort by a government (e.g., the US, China) to extend its control over other nations and peoples. It is not an intrinsic part of Nationalism. Dick Cheney was intent on building an American Empire. A factory worker in Ohio isn’t.

Nationalism doesn’t mean the government is running a vast Welfare State. It isn’t running a charity without limits. It isn’t promising a utopia based on “share and care.”

Solving problems at home implies restoring jobs stolen by corporations who left the country and set up shop in foreign lands. They committed this deed under terms of Globalist trade treaties. The corporations weren’t exercising freedom. They were navigating loopholes designed by their friends in high places. The major loophole was:

“You can manufacture your products in a hell hole overseas with slave labor, and then you can export those products back to your former home country and sell them without paying a tariff.”

Solving problems at home implies the robust expansion of independent media, who become a watchdog on government, corporations, and major media.

Solving problems at home implies the eradication of a Surveillance State which, under the cover of protecting the citizenry against terrorism, is actually collecting massive amounts of information on all citizens.

Solving problems at home implies eliminating gangs who are holding millions of citizens in inner cities hostage in their own residences.

Solving problems at home implies securing the nation’s borders against incursion by people intent on committing crimes, collecting free money and services from the government, and subverting freedom.

Solving problems at home implies doing whatever can be done to encourage a culture in which individual freedom and vision and power motivates as many people as possible to invent their own futures, in order to fulfill their most profound desires.

Solving problems at home implies prosecuting, to the fullest extent of the law, companies that pollute and poison the land, sea, and air with their “by-products.” This effort does not require a return to some universal Pagan religion of Nature.

Solving problems at home implies prosecuting, to the fullest extent of the law, companies who manufacture and sell compounds that purport to cure disease, but actually destroy health and life.

Historically, the first time a banker or corporate leader was discovered to have financed an American war on both sides, he should have been tried and convicted of treason. That would have sent a suitable message.

And so forth and so on.

This is all common sense.

It is obscured by waves of mouthy propaganda, featuring high-flying generalities and ideals, which turn into demands and vicious attacks: “Everybody has to love one another right now and share everything for free, and if they don’t, we’ll blast them into the stratosphere.”

These waves are planned, organized, and funded by people like George Soros, and they are meant to disrupt nations and push them into the arms of the Globalist agenda.

The number of unconscious dupes and pawns in this operation is legion.

In his 1796 Farewell Address, President George Washington provided exceptional recommendations about nationalism:

“It is our true policy to steer clear of permanent alliances with any portion of the foreign world…”

“But even our commercial [trade] policy [with foreign nations] should hold an equal and impartial hand…diffusing and diversifying by gentle means the streams of commerce, but forcing nothing…constantly keeping in view that it is folly in one nation to look for disinterested favors from another; that it must pay with a portion of its independence for whatever it may accept under that character…There can be no greater error than to expect or calculate upon real favors from nation to nation. It is an illusion, which experience must cure, which a just pride ought to discard.”

“…Europe has a set of primary interests which to us have none; or a very remote relation. Hence she must be engaged in frequent controversies, the causes of which are essentially foreign to our concerns. Hence, therefore, it must be unwise in us to implicate ourselves by artificial ties in the ordinary vicissitudes of her politics, or the ordinary combinations and collisions of her friendships or enmities.”

“Why quit our own to stand upon foreign ground? Why, by interweaving our destiny with that of any part of Europe, entangle our peace and prosperity in the toils of European ambition, rivalship, interest…?”

“With me a predominant motive has been to endeavor to gain time to our country to settle and mature its yet recent institutions, and to progress without interruption to that degree of strength and consistency which is necessary to give it, humanly speaking, the command of its own fortunes.”

Whenever Washington mentions Europe, he is essentially referring to any foreign country.

Nationalism: stay at home. Strengthen the home country. No Empire. No entangling alliances.

And certainly, no Globalism, which amounts to surrender of the home country to foreign interests.

What is wrong with George Washington’s policy? Nothing.

The policy has been called isolationism, which, via propaganda, has been given a nasty edge. It has no edge. It has concern for America.

Every country could learn from George Washington’s wisdom.


The Matrix Revealed

(To read about Jon’s mega-collection, The Matrix Revealed, click here.)


Utopian dreams aside, no country’s history is pure. Its governments and leaders have committed terrible crimes. But that fact doesn’t imply that the country should be destroyed or dismantled, or attached to some deceptive supra-national program of “harmony for all.”

Nationalism, in George Washington’s description of it, is a practical vision for realizing a degree of self-sufficiency no modern country has ever achieved.

The vision is still there to be pursued.

It has always been there, since the ancient nomads first settled down in sunlit valleys and began to grow their crops.

Self-sufficiency, freedom, prosperity.

Advanced technology has complicated matters. I’m not talking about instant communication among all points on Earth. I’m talking about a surfeit of weapons which can destroy life at the push of a button. But even there, leaders will be far more likely to negotiate and talk in good faith if they have the genuine interest of their own people at heart, where they live, in their home nations.

In a half-sane world, there would be, by now, courses in taught in every school, on the meaning of greed, avarice, meddling, and the obsession for minding everyone else’s business…

Jon Rappoport

The author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. He maintains a consulting practice for private clients, the purpose of which is the expansion of personal creative power. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free NoMoreFakeNews emails here or his free OutsideTheRealityMachine emails here.

Americans Flock To NZ “Safe Haven”.

Queenstown, along with Waiheke and Auckland, is top of the list for wealthy Americans avoiding 'the end of the world'.

An upsurge in the number of wealthy Americans seeking New Zealand property is being linked to fears of a political or natural disaster.

The latest New Yorker magazine, in a long story about the super-rich making doomsday preparations, gives a high profile to New Zealand as a haven from any apocalypse.

Graham Wall Real Estate is handling five enquiries a week from rich Americans, up from one a week before Donald Trump began his campaign to be US president.

“Auckland, Waiheke, Queenstown are absolutely at the top of the hit list for these Americans,” said partner Ollie Wall.

“Over the past six months it’s certainly heightened hugely the interest that we’re getting.”

“Before the sort of Trump effect, as we call it, probably one [enquiry] a week, but in the last year we have done over $50m worth of business with Americans.”

Mr Wall said it was clear they were nervous about the future and New Zealand was seen as safe.

The New Yorker quotes Reid Hoffman, co-founder of LinkedIn, recalling how he discovered New Zealand was a favoured refuge. A friend, hearing he was thinking of visiting New Zealand, asked whether he was getting “apocalypse insurance”.

“Saying you’re ‘buying a house in New Zealand’ is kind of a wink, wink, say no more”, Mr Hoffman told the magazine.

But Ollie Wall said none of the Auckland real estate firm’s US buyers had talked of making doomsday preparations.

“I was surprised to see it was a lot about almost doomsday preppers rather than people seeking new opportunities, because that’s how it’s generally explained to us,” said Mr Wall.

However he expected the New Yorker article to trigger another upsurge of interest among Americans in property here.

Buyers see New Zealand as “safe and steady”, he said.

“They are feeling uncertain about America, and not only America but the whole world at the moment.”

http://www.msn.com/en-nz/news/national/nz-seen-as-apocalypse-haven-…

Safe haven? They never heard of earthquakes then?

Trump To Shatter Big Pharma Monopoly

 

NaturalNews) In a welcome announcement during a press conference today, President-elect Donald Trump announced a plan to shatter the monopolistic pricing of Big Pharma that has been draining literally trillions of dollars from the government for the past two decades.

“Pharma has a lot of lobbyists and a lot of power,” said Trump. “There’s very little bidding on drugs. We’re the largest drug buyer in the world, and we’re going to start bidding. We’re going to start saving billions of dollars on drugs.” (RELATED: See more coverage of President Trump at Trump.news)

Trump is referencing the fact that all the former Presidents in recent memory — Clinton, Bush and Obama — have maintained what can only be called a “monopoly pricing drug cartel” in the United States, where the U.S. government pays outrageously high prices for prescription medications purchased via Medicare, federal health coverage plans and VA Hospital operations. The utter lack of competitive pricing has been kept in place by an army of pharma lobbyists “bribing” complicit lawmakers and bureaucrats to keep high prices in place and eliminate competitive bidding for prescription medication purchase contracts. (RELATED: See daily coverage of medicine news at Medicine.news)

$324.6 billion a year in overpriced prescription medications to appease Big Pharma lobbyists

As a result, the federal government is spending hundreds of billions of dollars on overpriced prescription drugs each year, dolling out a whopping $324.6 billion on prescription drugs in 2015 alone. “Spending on prescription drugs outpaced all other services in 2015,” says a Centers for Medicare and Medicaid report entitled National Health Expenditures: 2015 Highlights.

That same report reveals that U.S. health care spending has now reached $3.2 trillion annually, or nearly $10,000 per person. If this spending isn’t curtailed, it’s going to bankrupt America and will soon hit an astonishing 25% of GDP, meaning 1 out of every 4 dollars generated in the entire U.S. economy will be going to drug companies, cancer treatment centers, hospitals, doctors and medical device manufacturers.

High drug prices weaken U.S. worker competitiveness in global marketplace

Obviously, that rate of expenditure is unsustainable. It also makes U.S. workers far more expensive than workers in overseas regions, harming the economic competitiveness of U.S. companies. In order for U.S. workers to remain competitive, U.S. health care costs need to be drastically reduced… and that means finally forcing drug companies to compete on pricing rather than receiving “full retail” monopoly-priced reimbursements from the federal government.

Making America Great Again, in other words, means stopping the federal government from being ripped off by Big Pharma.

Notably, Hillary Clinton’s campaign accepted millions of dollars from Big Pharma sources, and there’s little question that Clinton, if she had won the election, would have maintained the status quo of monopoly prices. See “Hillary Clinton will not challenge FDA Monopoly” and “If you support Hillary Clinton, you support big pharma and mandatory vaccinations.” (RELATED: Find more news on Hillary Clinton at Clinton.news)

In contrast, Donald Trump is genuinely “draining the swamp” by eliminating waste, fraud and abuse across many sectors of the federal government. Big Pharma just got served: The era of easy profits and a compliant federal government writing unlimited fat checks is now coming to an end.

Every American fed up with unaffordable drug prices, outrageous health insurance premiums and the corruption and influence of lobbyists in Washington D.C. should applaud this announcement by Trump.

http://www.naturalnews.com/2017-01-11-donald-trump-announces-plan-to-attack-big-pharma-monopoly-profits-by-requiring-competitive-bidding-government-drug-purchases.html

This Is A Coup!

 

This is a coup: Homeland Security takeover of US elections

 

(To read about Jon’s mega-collection, Exit From The Matrix, click here.)

 

This is a coup: the Homeland Security takeover of US elections

 

On a scale of importance from 1 to 10, with 10 being the most important, this breaking development is a 500.

 

By Jon Rappoport

 

On Friday, the traditional day of the week for quietly releasing big news that will hopefully be ignored by the public—and also obscured by the Fort Lauderdale Airport shooting—the chief of Homeland Security announced that his office will be taking over US elections.

 

If you can’t see the coup in progress, you need to keep looking until the message comes through.

 

Read carefully—ABC News reports. My comments are in brackets:

 

“Citing increasingly sophisticated cyber bad actors and an election infrastructure that’s ‘vital to our national interests’, Homeland Security Secretary Jeh Johnson announced Friday that he’s designating U.S. election systems critical infrastructure…”

 

[Also known as: “we’re taking over.”]

 

“‘Given the vital role elections play in this country, it is clear that certain systems and assets of election infrastructure meet the definition of critical infrastructure, in fact and in law’,” Johnson said in a statement. He added: ‘Particularly in these times, this designation is simply the right and obvious thing to do’.”

 

[Also known as: “we’re taking over.”]

 

“The determination came after months of review and despite opposition from many states worried that the designation would lead to increased federal regulation or oversight on the many decentralized and locally run voting systems across the country. It was announced on the same day a declassified U.S. intelligence report said Russian President Vladimir Putin ‘ordered’ an influence campaign in 2016 aimed at the U.S. presidential election.”

 

[Also known as: “we needed an excuse, a fake cover story for our takeover, and Russia is it.”]

 

“Such a change [in who controls the US election process] does not require presidential action [or Congressional approval], and only requires the secretary [of DHS] to first consult with the assistant to the president for homeland security and counterterrorism.”

 

[Also known as: “this is a coup by the White House.”]

 

“Johnson said election infrastructure included storage facilities, polling places and vote tabulation locations, plus technology involved in the process, including voter registration databases, voting machines and other systems used to manage the election process and report and display results.”

 

[Also known as: “We’re taking over every significant aspect of the national election process.”]

 

“The designation [of US elections as critical infrastructure] allows for information to be withheld from the public when state, local and private partners meet to discuss election infrastructure security – potentially injecting secrecy into an election process that’s traditionally and expressly a transparent process. U.S. officials say such closed door conversations allow for frank discussion that would prevent bad actors from learning about vulnerabilities. DHS would also be able to grant security clearances when appropriate and provide more detailed threat information to states.”

 

[Also known as: “we can intercede in the election process and determine its outcome without any need to pretend we’re being transparent; only people we approve will know the details of how we run elections; secrecy works.”]

 

“The Obama administration has proposed international cyber rules for peacetime that would expressly note that countries shouldn’t conduct online activity targeting critical [US] infrastructure, which will now also include election systems.”

 

[Also known as: “in case there is any doubt, elections systems in America will be property of the federal Executive Branch.”]

 

This is a coup.

 

This is equivalent to declaring a national state of emergency, including martial law: the DHS, if it deemed it necessary, could utilize armed agents to enforce the new directive and take over states’ offices that resist.

 

Election-processes belong to the states. But not anymore.

 

And of course, with this awesome new power, the DHS could intercede, behind the scenes, in the voting process and rig elections.

 

There is an additional aligned factor at work in this op: the proposed elimination of the Electoral College—yet another measure designed to “federalize” the election process.

 

Most people are entirely ignorant of the fact that the Constitution was a pact among states. With reluctance, the independent states agreed to relinquish certain specified powers to the newly created central government, while retaining all other powers.

 

The Electoral College was, therefore, a natural invention, because the states would maintain crucial influence in determining the outcome of presidential elections. State Electors would cast their presidential votes based on which candidate won in their state.

 

Eliminating the Electoral College now would add one more layer of federal control over the whole country, and take control from the states. More centralization.

 

Imagine it. Only the popular vote counts. The states are dumped. And on top of it all, the Dept. of Homeland Security has the power to run the election process as a piece of “critical infrastructure.”

 

Rigging the vote in New York and California, plus a few other populous states, would decide the election. And in time, no one would think about “New York” or “California” as separate entities—because they wouldn’t be. They would just be “more land and people” that are part of “wholly unified” America.

 

This is perfect for the “unity politicians” who spout empty rhetoric every chance they get—“we’re all in this together.” As I tirelessly point out, such slogans are nothing less than covert ops, and their goal is roping in as many dullards as possible under a messianic banner of A Better Life for All under a Beneficent Government.

 

Also known as: we the rulers decree, you the people submit; your survival depends on us; we give and take as we will, and that shall be the whole of the law.

 

Eventually, why have presidential elections at all? Just allow the DHS to determine which candidate will best serve the needs and desires of the controllers.

 

It’s cleaner, simpler, and more direct.

 

It’s a coup.

 

Will Trump cancel it?

 

Obama is basically challenging him to do it—which would create one more firestorm in the press directed at Trump.

 

“See, the new president just stopped the DHS from protecting our sacred free elections. Trump is exhibiting more treasonous cooperation with his Russian masters…he’s leaving the door wide open for their secret invasion against our liberties…”

 

The timeline is clear. One: Hillary will surely win the election. Two: Trump won the election. Three: Trump won because Russia “hacked the election” in his favor. Four: We must protect our national election process from foreign hacking. Five: Homeland Security must put itself in charge of national elections.

 

Stay tuned.

 

A coup just occurred.

 

 

Central Bankers Pushing Public To Accept Cashless Society

Central Bankers Are Now Pushing The Public To Accept A Cashless Society