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Dear Mr. President, Be Careful What You Wish for: Higher Interest Rates Will Kill the Recovery

Albeit a bit sophisticated, this article clearly illustrates the predictable, and in fact inevitable results inherent in a monetary system co-managed by the conflicting interests of Federal Government and not-federal-except-in-name Federal Reserve (Central Bank).

Federal ReserveHigher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF. The move is not necessary to counteract inflation and shows that the Fed is operating from the wrong model.

Responding to earlier presidential pressure, the Federal Reserve is expected to raise interest rates this week for the third time since November, from a fed funds target of 1% to 1.25%.  But as noted in The Guardian in a March 2017 article titled “Trump Is Set to Win the Battle on Interest Rates, but US Economy Will Pay the Price”:

An increase in the base rate, however small, will tighten the screw on younger voters and some of the poorest communities who voted for him and rely on credit to get by.

More importantly for his economic programme, higher interest rates in the US will act like a honeypot for foreign investors . . . . [S]ucking in foreign cash has a price and that is an expensive dollar and worsening trade balance. . . . It might undermine his call for the repatriation of factories to the rust-belt states if goods cost 10% or 20% more to export.

In its Global Financial Stability report in April, the International Monetary Fund issued another dire warning: projected interest rises could throw 22% of US corporations into default. As noted on Zero Hedge the same month, “perhaps it was this that Gary Cohn explained to Donald Trump ahead of the president’s recent interview with the WSJ in which he admitted that he suddenly prefers lower interest costs.”

But the Fed was undeterred and is going full steam ahead. Besides raising the fed funds rate to a target of 3.5% by 2020, it is planning to unwind its massive federal securities holdings beginning as early as September. Raising interest rates benefits financial institutions, due to a rise in interest on their excess reserves and net interest margins (the difference between what they charge and what they pay to depositors). But borrowing costs for everyone else will go up (rates on student loans are being raised in July), and the hardest hit will be the federal government itself. According to a report by Deloitte University Press republished in the Wall Street Journal in September 2016, the government’s interest bill is expected to triple, from $255 billion in 2016 to $830 billion in 2026.

The Fed returns the interest it receives to the Treasury after deducting its costs. That means that if, rather than dumping its federal securities onto the market, it were to use its quantitative easing tool to move the whole federal debt onto its own balance sheet, the government could save $830 billion in interest annually – nearly enough to fund the president’s trillion dollar infrastructure plan every year, without raising taxes or privatizing public assets.

That is not a pie-in-the-sky idea. Japan is actually doing it, without triggering inflation. As noted by fund manager Eric Lonergan in a February 2017 article, “The Bank of Japan is in the process of owning most of the outstanding government debt of Japan (it currently owns around 40%).” Forty percent of the US national debt would be $8 trillion, three times the amount of federal securities the Fed holds now as a result of quantitative easing. Yet the Bank of Japan, which is actually trying to generate some inflation, cannot get the CPI above 0.2 percent.

The Hazards of Operating on the Wrong Model

President interestThe Deloitte report asks:

Since the anticipated impact of higher interest rates is slower growth, the question becomes: why would the Fed purposely act to slow the economy? We see at least two reasons. First, the Fed needs to raise rates so that it has room to lower them when the next recession occurs. And second, by acting early, the Fed likely hopes to choke off inflationary pressure before it starts to build.

Rates need to be raised so that the recession this policy will trigger can be corrected by lowering them again – really? And what inflation? The Consumer Price Index has not even hit the Fed’s 2% target rate. Historically, when interest rates have been raised in periods of tepid growth, the result has been to trigger a recession. So why raise them? As observed in a June 2 editorial in The Financial Times titled “The Needless Urge for Higher Borrowing Costs”:

In this context, the apparent determination of the Fed in particular to press on with interest rate rises looks a little peculiar. Having created expectations that it was likely to tighten policy with three quarter-point increases over the course of 2017, the Fed is acting more like a party to a contract that feels the need to honour its terms, than a central bank that takes the data as it finds them. [Emphasis added.]

In the six months since President Trump was elected, the Fed has pressed on with two rate hikes and is proceeding with a third, evidently just because it said it would.  Impatient bond investors are complaining that it has found one excuse after another to postpone the “normalization” it promised when market conditions “stabilized;” and in his presidential campaign, Donald Trump attacked Janet Yellen personally for keeping rates low, putting her career in jeopardy. She has now gotten with the program, evidently to restore the Fed’s waning credibility and save her job. But the question is, why did the Fed promise these normalization measures in the first place? As then-Chairman Ben Bernanke explained its “exit strategy” in 2009:

At some point, . . . as economic recovery takes hold, we will need to tighten monetary policy to prevent the emergence of an inflation problem down the road. . . . [B]anks currently hold large amounts of excess reserves at the Federal Reserve. As the economy recovers, banks could find it profitable to be more aggressive in lending out their reserves, which in turn would produce faster growth in broader money and credit measures and, ultimately, lead to inflation pressures.

The Fed evidently believes that the central bank needs to tighten monetary policy (raise interest rates and sell its bond holdings back into the market) because the massive “excess reserves” held by the banks (currently ringing in at $2.2 trillion) will otherwise be lent into the economy, expanding the money supply and triggering hyperinflation. Which, as David Stockman puts it, shows just how clueless even the world’s most powerful central bankers can be in matters of banking and finance . . . .

Banks Don’t Lend Their Reserves

There need be no fear that banks will dump their excess reserves into the market and create “inflation pressures,” because banks don’t lend their reserves to their commercial borrowers. They don’t because they can’t. The only thing that can be done with money in a bank’s reserve account is to clear checks or lend reserves to another bank. Reserves never leave the reserve system, which is simply a clearing mechanism set up by the central bank to facilitate trade among banks. Technically, dollars leave the system when a depositor pulls money out of the bank in cash; but as soon the money is spent and redeposited, these Federal Reserve Notes go back into the banking system and again become reserves.

Not only do banks not lend their reserves commercially, but they do not lend their deposits. Banks create deposits when they make loans. As researchers at the Bank of England have acknowledged, 97 percent of the UK money supply is created in this way; and US figures are similar. Banks do not need reserves or deposits to make loans; and since they are now flooded with reserves, they have little incentive to pay interest on the deposits of “savers.” If they do not have sufficient incoming deposits at the end of the business day to balance their outgoing checks, they can borrow overnight in the fed funds market, where banks lend reserves to each other.

At least they used to do this. But since the Fed began paying Interest on Excess Reserves (IOER) in 2008, they have largely quit lending their reserves to each other. They are just pocketing the IOER. If they need funds, they can borrow more cheaply from the shadow banking system – the Federal Home Loan Banks (which are not eligible for IOER) or the repo market.

So why is the Fed paying interest on excess reserves? Because with the system awash in $2.2 trillion in reserves, it can no longer manipulate its target fed funds rate by making reserves more scarce, pushing up their price. So now the Fed raises the fed funds rate by raising the interest it pays on reserves, setting a floor on the rate at which banks are willing to lend to each other – since why lend for less when you can get 1.25% from the Fed?

That is the theory, but the practical effect has been to kill the fed funds market. The Fed has therefore implemented a new policy tool: it is “selling” (actually lending) its securities short-term in the “reverse repo” market. The effect is to drive up the banks’ cost of borrowing in that market; and when this cost is passed on to commercial borrowers, market rates are driven up.

Meanwhile,  the Fed is paying 1% (soon to be 1.25%) on $2.2 trillion in excess reserves. At 1%, that works out to $22 billion annually. At 1.25%, it’s $27.5 billion; and at 3.5% by 2020, it will be $77 billion, most of it going to Wall Street megabanks. This tab is ultimately picked up by the taxpayers, since the Fed returns its profits to the government after deducting its costs, and IOER is included in its costs. Among other possibilities, an extra $22 billion annually accruing to the federal government would be enough to end homelessness in the United States. Instead, it has become welfare for those Wall Street banks that largely own the New York Fed, the largest and most powerful of the twelve branches of the Federal Reserve.

Paying IOER is totally unnecessary to prevent inflation, as evidenced again by the case of Japan, where the Bank of Japan is actually trying to fan inflation and is now charging banks 0.1% rather than paying them on their excess reserves. Yet the inflation rate refuses to rise above 0.2%.  

Banks cannot lend their reserves commercially and do not need to be induced not to lend them. The Fed’s decision to raise rates by increasing IOER just increases public and private sector borrowing costs, slows the economy, threatens to bankrupt businesses and consumers, and gives another massive subsidy to Wall Street.

____________________

Ellen Brown is an attorney, founder of the Public Banking Institute, a Senior Fellow of the Democracy Collaborative, and author of twelve books including Web of Debt and The Public Bank Solution. She co-hosts a radio program on PRN.FM called “It’s Our Money.” Her 300+ blog articles are posted at EllenBrown.com.

Exposed: the Nazi roots of the European Union, an Intelligence Briefing by Jon Rappoport

Nazi EU

Jun7

Exposed: the Nazi roots of the European Union

World War 2 continued by other means

by Jon Rappoport

June 7, 2017

This is an intelligence briefing. Here I present the bare bones of what has been happening before our eyes…if we would see it.

Once upon a time, there was an industrial combine in Nazi Germany called IG Farben. It was the largest chemical/pharmaceutical octopus in the world. It owned companies, and it had favorable business agreements with companies from England to Central America to Japan.

The author of The Devil’s Chemists, Josiah DuBois, traveled to Guatemala, on a fact-finding mission, in the early days of World War 2, and returned with the comment that, as far as he could tell, Guatemala was “a wholly owned subsidiary of Farben.”

The pharmaceutical empire was and is one of the major forces behind the European Union (EU). It is no accident that these drug corporations wield such power. They aren’t only involved in controlling the medical cartel; they are political planners.

This is how and why Big Pharma fits so closely with what is loosely referred to as the New World Order. The aim of enrolling every human in a cradle-to-grave system of disease diagnosis and toxic drug treatment has a larger purpose: to debilitate, to weaken populations.

This is a political goal. It facilitates control.

IG Farben’s main component companies, at the outbreak of World War 2, were Bayer, BASF, and Hoechst. They were chemical and drug companies. Farben put Hitler over the top in Germany as head of State, and the war was designed to lead to a united Europe that would be dominated by the Farben nexus.

The loss of the war didn’t derail that plan. It was shifted into an economic blueprint, which became, eventually, the European Union.

The European Commission’s first president was Walter Hallstein, the Nazi lawyer who, during the war, had been in charge of post-war legal planning for the new Europe.

As the Rath Foundation reports: In 1939, on the brink of the war, Hallstein had stated, “The creation of the New Law [of the Nazis] is ONLY the task of the law-makers!”

In 1957, with his reputation sanitized, Hallstein spoke the words in this manner: “The European Commission has full and unlimited power for all decisions related to the architecture of this European community.”

Post-war, IG Farben was broken up into separate companies, but those companies (Bayer, Hoechst, and BASF) came roaring back, attaining new profit highs.

I refer you to the explosive book, The Nazi Roots of the Brussels EU, by Paul Anthony Taylor, Aleksandra Niedzwiecki, Dr. Matthias Rath, and August Kowalczyk. You can also read it at relay-of-life.com. It is a dagger in the heart of the EU.

At the Rath Foundation, you can also read Joseph Borkin’s classic, “The Crime and Punishment of IG Farben.”

In 1992, I was deeply engaged in researching the specific devastating effects of medical drugs. Eventually, I concluded that, at the highest levels of power, these drugs weren’t destructive by accident. They were intended to cause harm. This was covert chemical warfare against the population of the planet. The Rockefeller-Standard Oil-Farben connection was a primary piece of the puzzle.

It was, of course, Rockefeller (and Carnegie) power that had forced the birth of pharmaceutical medicine in America, with the publication of the 1910 Flexner Report. The Report was used to excoriate and marginalize Chiropractic, Homeopathy, Naturopathy, and other forms of traditional natural practice, in favor of what would become the modern juggernaut of drug-based treatment.

In an article about the FDA, “Medical Murder in the Matrix,” I point out the fact that this federal agency has permitted at least 100,000 deaths of Americans, per year, from the direct effects of drugs it, the FDA, has certified as safe. (See, for example, JAMA, July 26, 2000, ‘Is US Health Really the Best in the World,’ Dr. Barbara Starfield.)

The FDA knows these death figures. “Unintended” and “accidental” can no longer be applied to this ongoing holocaust.

The pharmaceutical industry itself also knows those death figures.

To understand the dimensions and history of the ongoing chemical warfare against the population, in the form of medical drugs (and of course pesticides), one must factor in the original octopus, IG Farben.

World War 2 never ended. It simply shifted its strategies.

In any fascist system, the bulk of the people working inside the system, including scientists, refuse to believe the evidence of what is happening before their own eyes. They insist they are doing good. They believe they are on the right side. They see greater top-down control as necessary and correct. They adduce “reasonable” explanations for inflicted harm and death.

World War 2 is still underway. The battleground has been changed, and the means are far cleverer.

Sun Tzu wrote: “Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy’s resistance without fighting… The best victory is when the opponent surrenders of its own accord before there are any actual hostilities…It is best to win without fighting.”

This is what has been happening: invisible warfare.

https://jonrappoport.wordpress.com/2017/06/07/exposed-the-nazi-roots-of-the-european-union-2/

Image result for Nazi EU


Conspicuous by Silence and Absence, By G Squared

Conspicuous by Silence and Absence.

conspicuous by abscense

Sessions raided Comey’s office while Comey was in California reading his letter of dismissal. Removed in accordance with his contract, at The President’s Pleasure.

Comey, as I have written, had set himself into FBI as the blackmail king. Following on from Hoover’s 48 year stint (BOI-FBI). The difference being that Hoover was able to blackmail the 8 presidents under whom he served, or vice versa. And The Mafia had the file on Hoover. His Mafia code name was ‘Mary’. Then Valachi appeared and exposed Hoover and The Mafia.

Interestingly: when McKinley was murdered (6/9/1901) the hunt was for ‘Anarchists’. Prior to The Marxist, Lone Gunman, Communist, Dictators, and Terrorist Eras. The Eras of Invasions, Incursions, Destabilising, Civil Wars,  Regime Changes, Weapons Testing, Looting, Pillage, Plunder, Democratising, Self-Determination, Protection, and Humanitarian Aid were to follow.

The broken states; economically destroyed, demonised, victimised, marginalised, lateralised, and economically enslaved. Apart from the devastations and genocides.

The Clinton Consortium not only thieved the money heading for The Haitian Earthquake Relief, but during Ma Clinton’s tenure as Secretary of State, over $2 billion was stolen from The State Department accounts. Apart from all the side deals as with Lockheed Martin, one of Comey’s employers.

The State Department was supplying arms to its radical elements in Iraq, Syria, and Libya. Clinton was the wholesaler.

Dov Zakheim was Financial Comptroller of The Pentagon (2001-2004). On 10/9/2001,  Rumsfeld advised that $2.3 trillion was missing from the accounts. Then a further $1 trillion disappeared.

The accounting systems of The Pentagon have been purposely disjuncted. No section is able to communicate or share data with any other section. The Office of Naval Intelligence was tasked with finding the missing Pentagon trillions. Unfortunately that was the section of the above ground complex that was bombed on the day. Many people were killed.

No problem; Comey launched an investigation and hired his brother at $700,000 to try to find where the money went.

Comey has been caught out lying again, about The Russian Collusion Affair. Now he will answer questions: now he won’t. Some time ago I wrote; the source of The Russian Collusion Affair was a false file written by former SIS Christopher Steele. It was slipped to CIA and FBI and they ran with it. Embellishing it as they travelled, and MSM was leaked. FBI even paid Steele for it. And never tested it.

Obama had CIA, NSA, and FBI monitor The Trump Campaign for DNC. The Dems were the ones responsible for  hacking, collusion, and voter fraud. Known before The Seth Rich Affair of 10/7/2017, The Debbie Schultz Resignation, The Donna Brazile Affair, The John Podesta ‘Stolen Election’ Narrative, The Sidney Blumenthal Affair, and the absurd Voter Recount Affair.

The WMD Iraq file was also a concoction. CIA leaked the lie to NYT. Then GWB quoted NYT as a credible source. Powell (Chairman of The Joint Chiefs of Staff) et al knew full well that The WMD Narrative was a lie. As did the herd of liars who read the script into their respective parliaments. They were all briefed.

Image result for snowden assange manning statue

Snowden delivered files given to him by CIA  (at war with NSA over the Cisco-DARPA-Saic backdooring of CIA by NSA). Snowden did not have access to the files he romantically delivered.

Assange is a permitted conduit. Manning was expendable. The NSA is part of The Economic Wars, while America is clutching to survive.

Beyond the manipulated Peanut Gallery, Social Media Addicted, Belief Systems, no one is hacking Social Media as believed. It was triggered by MSM as a political problem by CIA for NSA.

Communicating with Kislyak (The Russian Ambassador) is hardly ‘collusion’. As Tefft and shortly Huntsman (American ambassadors) communicating and associating with Putin, is not collusion. Flynn visiting Russia representing American interests, is not collusion. Even though he was fed and given lunch money.

Tillerson as CEO of ExxonMobil dealing with Russia, and even presented with a Russian award, concerning joint interests in Arctic oil, is not collusion. Tillerson protesting to Obama that his idiotic Russian Sanctions Serenade, was in fact hurting American interests and not Russian, was not collusion.

Flynn from former DIA days; was cultivating or recruited Russian Change Overs. Which he then tried to run. He should have done neither. Only a mess can evolve if a character as Flynn is involved. Such matters are handled differently as covers by specialist humint ops. If the sources are known; all is compromised and The Russian Change Overs will eventually be terminated by SVR-GRU.

If Le Pen had correctly won The French Presidential Election, that idiot narrative of a Russian Hack would have been rerun by French MSM. But Macron, the Rothschild puppet, having fraudulently ‘won’, was fine.

The Globalists now have Macron and Merkel in the front line. Macron is chummy with Merkel and performs like a retard to Putin. Trump ignores them both.

The Globalists holding control in The EU with France and Germany, having their economies destroyed by the usual suspects, is fine. The poorer players (not Third World) such as Greece, were manipulated into fraudulent ‘Loans’; by their bought government and representative actors.

Iceland, Hungary, and Russia, have now taken back control of their domestic economies,  and their currencies. Their Central Banks have been closed. Their banking cohorts and The IMF have been settled. The usual suspects have been evicted. The Rothschild consortia is persona non grata in Iceland, Hungary, and Russia.

Their banks were nationalised in France in the 1980s. When Macron was manipulated into the office of Financial Controller of France, The Rothschilds re-established their French interests.

The USD is worthless beyond its denomination in crude oil contracts, blackmailed purchases of US Treasury Paper (30 year bond), and arms sales. To meet the ‘enemies’ invented by America and its playmates.

After the insanity of Hoover spending 48 years as Director of The OBI-FBI (1924-1935-1972); having been appointed Director for life by LBJ (over the blackmail of LBJ concerning his sexual offences) the Director of The FBI became a 10 year contract at The President’s Pleasure.

Comey was appointed to a 10 year contract by Obama in 2013. Under the terms of his contract, he could be dismissed by The President at any time, for any reason, or no reason at all. To read anything more into that, signals those delivering the false message. Not the event itself.

Comey was involved in every deal allied to The Clintons; from The Iran-Contra CIA drug running, to The Hillary Email Affair. He was manipulating both The DOJ and The FBI, and attempting blackmails and manipulations to suit his agendas.

He needs no pity. He can write non-books. Or have them written for him. And he can do the idiot breakfast circuit and go on the liars talk circuit. All very lucrative. Apart from the odd billion he can access for supermarket shopping. And of course he is entitled to all kinds of benefits that would leave The Peanut Gallery Enthusiasts with nowhere to turn. But the truth must be a conspiracy theory. Remember The Grassy Knoll Affair from the terminally insane Conspiracy Theory Deniers.

And this is the character the hypocritical Dems. are crying was sacked by Trump, because he was closing in on The Russian Collusion. Comey has clearly demonstrated a professional lifelong disorder of insurmountable difficulties closing in on Truth and Reality.

The problem was, that Comey should have been terminated in January 2017, along with the other two of the leading Obama stooge triumvirate; DNI Clapper, and CIA Brennan, on 20/1/2017. DOJ Lynch was removed on the same day.

Following Brennan’s recent answers in Congressional inquiry. Amid the interminable hot air, the only relevant comment he made was ‘There is no evidence’.

NSA Rogers floats on. He was left in place as NSA is a Pentagon responsibility. Last October a number of heads of the 17 American intell agencies wanted Rogers removed. He was annoying them. Obama was preoccupied, not interested, and thought Rogers could be left to be the problem for his replacement (Trump).

As the others wanted Rogers out, Trump is considering him for National Security Advisor (APNSA). Current DNI is incumbent Coates.

Leaving a chronic, habitual, and accomplished liar and manipulator in his position, in an honest effort for him to outweigh his agenda of chasing smoke in The Russian Collusion Affair or even finding the truth in The Hillary Affair, was an overly trusting scenario. Particularly with a highly partisan and terminally dysfunctional MSM, led by CNN, MSNBC, NYT and WP.

As was said of Kissinger; ‘He lies because it is in his nature’. To that list you can add The Clintons and Obama. Albeit the latter was more leaning to the clueless and stooge syndrome.

When ‘journalists’ interview each other, particularly on MSM, they have nothing to say.

Maddow was raving about Trump’s tax returns. To shut her up, Kushner leaked, to one of her offsiders, five pages of one of Trump’s old returns. She raves on and flashes the useless find on one of her pukefests.

Before she finishes her grand scoop, Social is already running denouncements and comparisons, making her performance as billious as it could be.

Trump taped Comey. Then someone leaked to the mentally challenged that Comey kept memos concerning Trump, asking Comey not to investigate Flynn. Who, incidentally, resigned; he was not fired.

The Intell Communities operate through channels unknown to The Peanut Galleries. And will never be known or understood.

There is a site called Gliph. It’s a nonsense. As are the Dark Web Message Boards.

An NYT supremo named Michael Schmidt was fed a nonsense that some moron had planted on Gliph, concerning the alleged Russian Collusion Affair and the fictional Comey memos.

Scmidt writes up the stupidity for The NYT Rag. WP then picks up The NYT idiocy, embellishes it, and runs it. MSNBC Brian Williams interviews Schmidt, who skirts around the issue.

By now, The Peanut Galleries are positive about The Russian Collusion Affair and that Comey was sacked because he had the ‘evidence’ concerning Trump and Flynn.

America has a very great problem concerning its government, which has partnered with MSM and is in open warfare with The American Executive, The American Legislature, and The American People.

From the onset The Executive was receiving false intelligence. Wherever The Executive was pushed to act, it acted detrimentally. As I have previously indicated. Basic facts were withheld by The American Intelligence Community.

Kurdistan is an area between Iraq and Turkey. It has great oil reserves, but no one is prepared to recognise it as an independent nation state  Perhaps it’s to do with the oil.

There are also massive oil fields just off the coast where The Palestinians are being held captive, and in The Golan Heights and The Bekaa Valley.

The areas currently the subject of military conflicts in The Middle East, to establish The Islamic State, are the exact areas claimed as The Greater Israel. The IS forces of supposed Islamic Extremists, have never clashed with Israel. Israel occassionally clashes with Hezbollah; the current Lebanese Government. A recent encounter in Syria, concerned Hezbollah overcoming IS. So Israel struck Hezbollah.

IS snd its various affiliates were formed with Al Qaeda in Iraq, by The US State Department in 2006. In 2011 the IS forces moved to prosecute The Syrian Civil War.

America is quietly withdrawing from its aggressions in The Middle East. An arrangement with Saudi Arabia, and to an extent Egypt, has left those forces to continue the genocides in Yemen and South Sudan.

Qatar has been isolated and saddled with blames concerning ‘terrorist’ support, because it was convenient to change the image of Saudi Arabia, and Qatar has not been fully co-operating with American orders, concerning the currency denominations for its gas sales.

America is slowly defunding NATO, as Britain commenced a few years ago. Germany is withdrawing its military from Turkey. The Philippines has removed American military interests and moved economically closer to Russia and China.

The externally driven, Mindanao (Marawi) Civil War has been raging since 29/3/1969. The recent Manila incident is unrelated. Duterte has moved effective ground forces into the area and has commenced bombing the strongholds. Some 200,000 refugees are being managed. The Philippine Military is currently fighting 8 separate elements.

Currently: Israel is conspicuous by its silence in The Middle East, and America has quietly moved on.

conspicuous by Absence

Text by G Squared, Edited by Martin H.

EXCLUSIVE: Bilderberger Member Openly Speaks About The Creation Of ISIS By The CIA

Published on Jun 4, 2017

In this video Dan Dicks of Press For Truth interviews first time Bilderberg attendee Maurizio Molinari editor and chief of La Stampa about his experience and his views on ISIS being created by the CIA. Reserve your Investigate Bilderberg T-Shirt ➜ https://teespring.com/InvestigateBild…

Illusions of The Mighty, By G Squared.

Manchester bombingsThere is more to the bombings in Manchester and Kabul, at the onset of Ramadan.

As there is more to The Cholera in Yemen. And as there is more to the onging destruction of American history (de-Christianising, protecting the guilty, Confederacy and Slavery).

The steady diet of rewrites of foreign history and American Supremacy. The deceptions of the destroyed American educational system. MSM has taken its addicted to the ends of the limbs; from where it can never return.

America no longer exists. It died in Eastern Europe in 2014, as I wrote. Beyond that, it’s all an illusion. The English Empire died in Western Europe in 2014.

Trump was the only choice. If the insane one had prevailed, wars devastating America would have raged, leaving a bankrupt, vanquished and devastated homeland beyond that seen in The American Depression. Canada would have needed a border wall to protect itself from everything south to Tierra del Fuego.

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When Ma Clinton was recently (May 2017) comparing Trump to Nixon, she forgot to tell her diminishing admirers that she was kicked off The Watergate Commission. A real accomplishment.

The fact that Bubba was impeached, with a Senate delay to allow him to walk at the end of his disastrous term, has also been forgotten.

As is the fact that his file at Oxford was marked NDG (no degree granted). Violent serial rape, is apparently not a degree course at Oxford. The Eileen Wellstone Affair of 1969. He was told to leave Oxford and that he would not be permitted to return.

Expelling Rhodians is not kosher. Albeit The Rogues is a political throw away and not granted for academic excellence (Hawke, Abbott, Turnbull, Clinton). And of course The Nobel Peace Prize is hardly for what is generally believed (Kissinger, Obama, Gore).

Bill Clinton was issued an honourary throw away doctorate in June 1994. Webster Hubbell’s daughter, Chelsea, was enrolled at University College Oxford, from which Bubba was asked to leave.

Bubba’s file was sanitised and infers he was there from 1968 to 1970. Which contradicts the other lie, that he was absent from Oxford, while he was protesting The Vietnam Draft. Both Clinton and GWB dodged military service. Both were fervent warmongers during their presidencies.

Fred Butler; Lord Butler of Brockwell, former Cabinet Secretary under Thatcher, Major, and , Blair, and Master of University College Oxford, advised that ‘The College was pleased to extend the link with The Clinton Family’.

And upon the further recommendations of British and American advisors, The University implemented ‘security measures’, and other students were advised not to discuss her with the press.

The inordinate costs to protect the coddled and valuable one directly and indirectly, courtesy of The American Government, and payoffs to mommy and step-daddy. And of course Chelsea’s ‘interfaith’ marriage to the Clinton Foundation employed fraudster, Marc Mezvinsky in 2010 was paid for by ‘supporters’ of The Clintons.

Marc’s great ‘Fund’ hit the inevitable reality curve towards the end of 2016. Momma would have bailed it out Big Time if so many Americans hadn’t voted against her, the multi-voting and box stuffing frauds had not been interferred with, and The GHWB-CIA faction had not been interrupted, for the first time since 4/11/1980.

Chelsea completed an Oxford doctorate ‘programme’ between 2001 and 2014. Primarily from home in New York. She was a legend at Stanford between 1997 and 2001 for her undergrad BA. Honours; of course. And no formal entry required at Oxford. The theses indicate serious collusion and predictable content.

Her wiki file, ’employments’, and the boards on which she allegedly sits; are in the grand art form of concocted public relations.

At Stanford there was the bullet proof glass everywhere, the security cameras, even in hallways, and the de rigueur plain clothes Secret Service army. The latter actually filling the dorms where ordinary students would have been. Even as a student her wardrobe was by Donatella Versace.

How the one percent really live. Hardly representing the average working classes.

But of course, The Super Elites are just 1% of that 1%. Generations deep, and hardly the celebrities the herds would know.

Obama jaunted about recently, parallel to Trump’s grand tour. He being the absolute presidential travel master during his disastrous term.

Why Obama was following Trump is somewhat confused. He might still think he’s President. He and the great Michelle used a private jet with fighter aircraft escort. They stayed in $15,000 a night suites. And the  large entourage and Secret Service army, also needed housing and feeding.

Everything courtesy of The American Taxpayer until they have both gone to their reward. His benfits pass to her on his demise. Enough to feed Obamas for generations to come. What a legacy.

He wasn’t getting the same receptions as The Don. And the yummy petite Michelle had naughties printed about her when she ponced into the ancient Duomo di Siena Catholic Cathedral in Tuscany with her closet Mohamadan partner. Michelle had a somewhat wardrobe malfunction.

You can take the girl out of the ‘village’; but you can’t take the ……….

They proclaiming; Trinity United Church of Christ converts from United Methodist, then ‘resigned’ over The Jeremiah Wright Affair. The ‘Background’ is good. No wonder Obama jumped.

https://en.m.wikipedia.org/wiki/Jeremiah_Wright_controversy

He was paid $400,000 each for two talks in America, then trotted to Italy to be paid $3,000,000 for one speech. Hillary was paid $675,000 to give three speeches at Goldmans fun fests.

They have nothing to say. And certainly nothing to read. But then, I never employed them as lackeys. And from the other perspective, empty vessels make the loudest noises.

Obama had Goldmans advisors work him through his Sequesters and Sanctions. His Stimuli were Fed scripts. In effect from the same shop.

When The British Prime Minister appoints the senior ranks of The Church of England; they are given a list of one name. Similarly, when The American President appoints the chairperson of The Federal Reserve System, he is given a list of one name.

When Ben Bernanke moved on (3/2/2014) to The Brookings Institute (where faithful and obedient retire. Gillard resides there) he was replaced as Fed Chairperson by the intellectualised token Janet Yellen. The clueless Elizabeth Coleman remaining as Inspector General (Alan Grayson Congressional questioning).

The real control now residing with Stanley Fischer; as Vice Chairman (16/6/2014). Bernanke was one of Fischer’s doctoral students. Fischer practices The New Keynesian School. Which means; Government Deficit Spending is the logic.

He was Chief Economist at The World Bank (1988-1990), First Managing Director of The IMF (1994-2001), and Governor of The Bank of Israel (2005-2013). Israel’s Central Bank. He holds the mandatory Israeli-American dual citizenship. He is a quality tested Rothschild operative.

America is to be debt – and – conflict driven to oblivion if Trump cannot control The Fed, The International Banks, The Washington Establishment, The American MSM, and the insanities derived from there. Apart from reforming Tax and Regulation, reinstating The Constitution, extricating from Foreign Wars of Aggression, securing a legitimate monetised currency, introducing a genuine electoral system, and reigning in rogue elements, as The American Intel Community.

Unless he maintains his current position and extends that by removing RINOs, Liberals and Hawks from Congress, and extending comfortable majorities in both houses, the prospects of a workable America with a future are not good.

Trump is ‘owned’ by the international banks. He could not exist without them. He has three well hidden senior Goldmans advisors in his face.

When Marcos’ American assets were stolen by The American Government, the 40 Wall Street was given to Trump for $1 million plus hand outs. At the time it was worth about $40 million.

Kushner lives at 666 Fifth Avenue; bought by Kushner Properties in 2007 for $1.8 billion. A 41 storey building opposite The Rockefeller Centre. Citigroup is the largest tenant.

In 2008, a section of the property was sold to The Stanley Chera Group for $525 million. In March 2017; Anbang Insurance Group (China)offered $1.6 billion for the remaining office areas and $1.25 billion for the remaining retail areas. A total value of $3.375 billion for the leveraged purchase of $1.8 billion, a decade before.

Those dealings being discussed as ‘Unusually favourable’. It also included a retirement of a Kushner debt in the order of $340 million to Vornado Realty Trust.

But also, in March 2017, The Zaha Hadid Group offered $12 billion for the property. A new 1,400 ft. construction, with a name change to 660 Fifth Avenue, to be undertaken.

Kushner was already working ahead in Saudi Arabia and Israel before the boss arrived.

All this while young Jared gives an excellent rendition of an apprentice, wife Ivanka is in training to be the first female president in 2032, Flynn is vilified for taking Russian lunch money in 2015, Judges are protecting illegals, The Senate plays games with votes on health and appropriations, The GOP is fractured by RINOs, Hawks, and Liberals, California is running out of water, environmental imbeciles have invaded the narrative, idiotic manufactured wars are raging, bad politically motivated intel is delivered as legitimate, The MSM raves concoctions without end, public servants lie under oath and refuse to honour subpoenas, and idiot brigades are searching for illusions of Russian interventions in their elections and attempting to impeach Trump for collusion by associates talking to Russians and foreigners renting rooms in his hotels.

Over the end of 1995 and beginning of 1996, Bill Clinton ran out of money, and The American Federal Government closed down. The Fed was demonstrating its might.

Various pieces of legislation between 2011 and 2013 brought about Obama’s sequestration waffles, about a need for Americans to tighten their belts, (The Goldmans invented Sequester). He allegedly foregoing some of his salary.

Part of the nonsense was a smoke screen to cut back the vanquished and over sized military machine. Jade Helm was a subsequent part of that About which I had written at the time. Controlled Alternative ran even with MSM for the inventiveness of stupidities concerning Jade Helm.

Ma Clinton demonstrated astonishing control at The Al Smith Dinner in New York on 20/10/2016; as Trump hinted at her extensive baggage. There was a hope that she would spin into one of her toxic spasms. Unfortunately she It was probably past her sleepy time.

https://youtu.be/NnRVAzFa6Og

Text by G Squared, edited by Martin H

You Won’t Believe What They Admitted On TV News In 1971! (Video)

I only ever took the ‘flu vac. once, many moons ago, and make me sick for two weeks! (Normally takes a few days for me to get over the actual flu, I find raw lemon, ginger and honey juice works a treat.

Credit to Snafu for the source.

The Case Against the Media

Image result for Clinton Obama NWO

Source: Anthony Moore Andrzejewski

Open Letter to the Media:

1.You said nothing when Obama used drone strikes to execute people abroad.

2. You said nothing about Russia for 50 years until Trump was inaugurated.

3. You said nothing about Hillary’s campaign manager’s brother being paid $175,000 to lift U.S. sanctions on Russia.

4. You said nothing when Obama engaged in military interventionism in Libya without Congressional approval.

5. You said nothing Obama greatly expanded presidential power through the use of Executive Orders.

6. You said nothing when Obama filled his White House with lobbyists after he said he wouldn’t.

7. You said nothing when Obama gave 47 of his fundraisers Administration jobs.

8. You said nothing about the murders and rapes at the hands of illegal immigrants.

9. You said nothing when Hillary’s net worth rose over $100 million as Secretary of State, in part, because her husband took money from foreign governments.

10. You said nothing after Obama’s net worth rose over $10 million as President.

11. You said nothing when Obama’s Justice Dept. wiretapped/surveilled reporters such as James Rosen and the AP.

12. You said nothing when Obama restricted immigration 6 times with Executive Orders.

13. You said nothing when Obama set a record for deportations.

14. You said nothing when Bill Clinton met Loretta Lynch on the airport tarmac during the Clinton investigation.

15. You said nothing when Hillary was fed debate questions.

16. You said nothing when Obama and Hillary lied about a video and Benghazi.

17. You said nothing when Obama’s IRS abused the rights of taxpayers.

18. You said nothing when Obama’s White House held meetings with lobbyists in coffee shops near White House to avoid disclosure requirements.

19. You said nothing when Eric Holder sold the guns you hate to criminals and some were used to kill Americans.

20. You said nothing when the Clinton’s took White House property.

21. You said nothing when Hillary laughed off defending a child-rapist.

22. You said nothing when Hillary lied about her private use of a private email server as Secretary of State.

23. You said nothing when Janet Reno, under Bill Clinton, used a tank to kill the Branch Dividians.

24. You said nothing when, on May 13, 1985, a bomb was dropped on a row house in Philadelphia to uproot the black liberation group known as Move, resulting in a fire that eventually burned down 61 houses, killed 11 people (including five children) and injured dozens.

25. You said nothing was Elian Gonzales was forcibly deported using guns.

26. You said nothing when George Soros paid protesters to burn parts of Ferguson.

27. You said nothing about states’ rights until Trump’s Executive orders on immigration.

28. You said nothing about Obama’s smoking.

29. You said nothing about the record numbers of people on government assistance.

30. You said nothing about the number of part time and low paying jobs under the Obama recovery.

31. You said nothing when Obama had SWAT teams raid a Gibson guitar factory and seize property, on the purported basis that Gibson had broken India’s environmental laws—but no charges were filed.

32. You said nothing when Obama claimed that the Fort Hood shooting was “workplace violence” rather than terrorism.

33. You said nothing about when Obama ended some terror asylum restrictions, by allowing asylum for people who provided only “insignificant” or “limited” material support of terrorists.

34. You said nothing when the national debt doubled under Obama.

35. You said nothing when 9 times the Supreme Court unanimously overturned Obama’s expansive use of Executive Power.

36. You said nothing when Obama dismissed charges filed by Bush Administration against New Black Panther Party members who were videotaped intimidating voters at a Philadelphia polling station during the 2008 election.

37. You said nothing when Obama released Guantanamo detainees were released and went back to kill Americans.

38. You said nothing when Obama unilaterally changed Congressional law by Executive Order.

39. You said nothing when Obama fired an inspector general after investigating an $850,000 AmeriCorps grant received by a nonprofit run by former NBA star and Obama supporter Kevin Johnson.

40. You said nothing about the 36 Obama’s executive office staffers that owed $833,970 in back taxes

41. You said nothing when Obama Killed four Americans overseas in counter-terrorism operations without a judicial process.

 

So if you are voicing your objections about three months of Trump, I’m sorry but we can’t hear you over the deafening silence still echoing in our ears!!!  A quote from Senator Barry Goldwater. In his biography  entitled “Goldwater”..the late Arizona Senator said…“I believe the media should live by a more honorable code. They should publicly apologize for  errors that reflect adversely on anyone, explain how or why they made the  error, and offer that retraction in a position of equal prominence in the  print media or the same slot for radio and television. They should be forced to live by the same accountability as do all public services.”

 

Peace through mutual blackmail: is that what’s happening in Washington? By Jon Rappoport

Peace Mutual blackmail

Peace through mutual blackmail: is that what’s happening in Washington?

by Jon Rappoport

May 25, 2017

In the last few days, the campaign to impeach Donald Trump has quieted down. We’ll see what happens; but is this breathing space and pause the result of a stalemate? Do both sides have “control files” on each other? Is the underlying proposition, “I won’t spill your secrets if you won’t spill mine”?

I now refer to an article about Trump and his enemies that has been circulating online. I don’t know who the author is. His views and opinions make an interesting circumstantial case. Here is an excerpt:

“James Comey is a poisonous snake of the highest order… a deep-water Swamp Denizen who has been highly paid to deliberately provide cover for high-level corruption by the Clintons and Obama. He is has been central to trying to destroy the Trump campaign and then the Trump administration from the start. He is as dirty as they come in DC. He had highest-level cover (the FBI no less) and was deep into an effort to eliminate Trump. Trump had to move hard, fast, and at exactly the right time to cut the head off the snake without getting bitten by the snake or being finished by the other swamp denizens.”

“Begin by noticing how the President fired Comey when Comey was 3,000 miles away from his office, that Comey had no inkling he was being cut, that all his files, computers, and everything in his office were seized by his boss Sessions and the justice department. This was not a violation of protocol, it was tactical. Notice how Prez Trump compartmentalized the strike and did not inform any of his White House ‘staff’ to prevent leaks. Notice how he emasculated Comey and the swamp denizens by letting them know in a tweet that the Attorney General got information (surveillance ‘tapes’ from the seizure of Comey’s office) to let Comey and his handlers know that Trump’s DOJ has the goods on them. This was a brilliant, strategic and totally imperative move at exactly the right time against horrible, evil and corrupt powers infesting our government.”

“The swamp is on notice that the President is on to them, they are sweating bullets because their criminal games of corruption are being pursued and they know it. They are screaming and ranting because they are desperate denizens of the swamp who are beginning to realize they are roadkill.”

The article goes on to describe the purported depths of Comey’s corrupt connections to the Clintons and the Clinton Foundation, as their agent.

In the author’s view, Trump and Attorney General Sessions have the goods on the Clintons now, and also have damning evidence of crimes committed by other key players in the DC swamp.

There is another possibility.

Given Donald Trump’s history as a real estate hustler from way back, his acrobatic financial dealings with money men, his projects’ bankruptcies, his celebrity status, his impulsive proclivities, his extraordinary self-promotion, it’s obvious his enemies have compiled a “control file” on him. They have the sort of information they believe they can use as serious blackmail.

In that case, we could now be looking at a stalemate of sorts. Both sides have the goods on each other.

This is no guarantee of a permanent peace based on Mutually Assured Destruction; but MAD could form the basis of a truce. And the truce could extend into the future.

“I have your secrets, you have mine. Now let’s do business.”

Of course, we have to remember that Washington is a tinderbox at all times. It’s a dry forest waiting for a match to be struck and a spark to fly.

We will see whether Trump drains the swamp, the swamp drains him, or nobody drains anybody.

The present war in Washington isn’t for the faint of heart, or the nice people who want everybody to get along, or the suburbanites who want all participants to be awarded trophies. Washington is Crime Central and the knives are out in full view. It’s a fashion parade in the devil’s cave. To paraphrase Harry Truman, if you can’t stand the overflowing toilets, get out of the bathroom.

Washington is a land of insanity, psychosis, spying, panic, and excrement-throwing.

When you try to connect the dots, you see they have blood and lies and hatred and coup-plotting and impeachment and even the ghost of David Rockefeller embedded in them, as opening and closing little clams and sharks and crawling worms and blobs of unidentifiable species try to take Donald Trump down. And he, of course, wants to take them down…

It would be no surprise if the people who hold each other’s secrets are staring at a “nuclear freeze” pact on the bargaining table: “you can’t blow me up without me blowing you up.”

Also consider players within the US intelligence community. Both the CIA and NSA have been spying on officials in Washington and other prominent Americans for a long time. These agencies hold secrets as well.

And then there is the organization whose members and alumni Trump has surrounded himself with:

Goldman Sachs. Through his key appointees from the “vampire squid” firm, Trump is working an audacious angle. He knows that if the stock market takes a long and horrendous dive, the pressure on him is going to be enormous. The “business community” will blame him. The media will claim the economy is collapsing under his watch. Goldman can make many moves to keep the stock market up. What does the firm want in return? That’s the magic question. Threats of war, and war, in order to keep contract money flowing to the military industrial complex? Special and undetectable favors? Protection from prosecution for ongoing financial crimes? And what does Goldman Sachs know about Trump? What would they be willing to reveal, if he backs away from any part of the agreement he has struck with them?

The mutually assured destruction pact has more than two sides. Holding together a multi-faceted truce isn’t the easiest job in the world.

Everyone involved has something to gain and something to lose. Calculating upside vs. downside is a delicate proposition.

And, in the midst of this, crazy people can show up who go off on the spur of the moment. They blow their corks, and all bets are off.

For now, cooler heads are prevailing.

For now.

Blackmail, extortion. It’s not the only game in town, but it’s the big one. It lurks around every corner, it sits in every conference room, it weaves its way through legislation, policy, and judicial decision.

It’s the other branch of Government.

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.

https://jonrappoport.wordpress.com/2017/05/25/peace-through-mutual-blackmail-is-that-whats-happening-in-washington/