# deflationeconomy.com (Wed Nov 30 10:30:52 2016)
BIGGEST TOP IN CENTURIES
Offensive Valuations Totally Divorced from Reality -Hussman/Hussman Funds "Over the next several years, investors are likely to face a profound and unpleasant downward adjustment in their assumptions about growth; GDP growth, revenue growth, earnings growth, and growth in their own investments. Given that the most historically reliable measures of market valuation we identify already range between 140% and 170% above their historical norms, this adjustment in growth assumptions is likely to be accompanied by one of the most violent market declines in U.S. history, even if interest rates remain depressed....Given current valuation extremes, both for the S&P 500 Index itself and across every decile of stocks; given the repeated emergence of the most extreme 'overvalued, overbought, overbullish' syndromes we define; and given clearly deteriorating market internals, we estimate extreme downside risk across virtually every corner of the stock market over the completion of the current speculative market cycle. Investors have responded to low interest rates by driving stocks to obscene valuations, with little recognition of their implicit (and incorrect) assumption that economic and corporate growth rates remain unchanged from post-war norms...Given current valuation extremes, the associated market losses are likely to be predictably brutal."
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Every single “class” of investor is wildly bullish. Institutional managers hold record low levels of cash relative to equities in their portfolios, the number of bullish investment advisors is the greatest in 30-40 years (II), options speculators are the most optimistic in 3½ years toward the prospects of a continued rising market (CBOE equity p/c), mutual fund investors have poured a record amount of money into bull mutual funds relative the bear mutual funds (Rydex series), retail investors have allocated the highest percentage of their portfolios to stocks relative to cash since the Great Asset Mania peak in 2000 (AAII), equity speculators who borrow to buy stocks have availed themselves of credit to a greater degree than at any time in history (margin debt measures), and stock traders are now 95% bullish the market, the highest optimism in 11½ years (trade-futures.com). Today, we read that “Equity Euphoria Grips the World,” and that “U.S. Equity Melt-Up Already Obliterating Analysts' 2018 Targets.” These two headlines are highly significant in that they use words that are never used unless the market has already risen significantly in both price and time: “melt up” and “euphoria.” They represent exactly the message of the wide array of indicators shown in Elliott Wave Financial Forcast: a historic top is in the making.
Scroll Way Down To Your Story But First - BIG New NEWS
I've been around for almost 85 years. I grew up listening to those who prophesied Satan's plan for a one-world-government. Those who studied the Bible tried to tell me that it would come to pass. I didn't believe it for a minute. I thought, who in the world would or could change America as long as America remained undefeated? I told myself that we are a people who believe in individual responsibility, Freedom and Equality that our fathers, brothers and friends had given their lives to preserve those values.
I never dreamed that one day there would be an effort by those on the inside to destroy our beloved nation. Too many gave fortunes and lives to establish these American principles and values. Many died to preserve them.
I was wrong. Now it seems that there are drive-by left-wing zealots to undo everything that our forefathers died to establish. Are we going to just stand by and watch it happen?
Soros is one of those pursuing the destruction of America as we know it. That is the reason for his fanatical push to elect Obama as president - he thought he had Obama in his pocket. Was he right? Does Obama share the same anti-American views as Soros?
Readers must decide before the November election. Another four years of Obama and his regime and we will not recognize the America that our founders, through much work and praying, created.
Editor/Publisher Note - NEW WORLD ORDER plotters who seek to sabotage the last of your freedom and liberty and that of your children and grandchildren with elite totalitarian control in a world government by fascist dictatorship during the COMING
GREATER DEFLATIONARY DEPRESSION.
Fourth Turning Prophet Delwyn Lounsbury - The Deflation Guru - fighter for liberty and Constitutional freedom against a satanic evil elite - also writes at his beware the deflation economy website about the approaching economic crash and real life hunger games coming.
How to prepare for the crash. The trauma of which will be used to install martial law and crushing control of a new one world order by the Luciferian elite devil worshipers:
Is an Electro Magnetic Pulse (EMP) plot in America’s future? A growing number of prominent Americans say it is is. Below is a warning from John Moore. My old colleague and friend, ex-Green Beret and homicide investigator,
John Moore, sent the following warning to Steve Quayle, Paul Martin and myself.
Paul ,Dave, Steve,
My alert I’ve just written. Use as you see fit.
J.R.’s Alert November 27, 2017
Ladies and Gentlemen,I’ve been discussing the clear and present danger of an EMP (Electro-Magnetic Pulse) attack on the USA for a number of years.I’ve read authoritative books by experts like Dr. Peter Pry (the former hear of the now defunct U.S. Commission on EMP). I’ve interviewed Dr. Pry on my radio show.Until recently, I felt that the failure of the Federal Government to protect the national power grid was just another example of an inadvertent result of our very dysfunctional swamp in Washington D.C.
However, upon further reflection, I have concluded that the failure to protect the national power grid is by design and with intent. I have recently learned that officials in the Obama administration were actively blocking any possibility of the recommendations of the EMP Commission becoming successful. The report (208 pages, released 2008) is a free download at my web site: www.thelibertyman.com.
As most of you know, I’ve been a homicide detective most of my adult life and an Intelligence Analyst before that. By both education and profession, I’m trained to find evidence, analyze it and make conclusions based on that evidence. Based on the evidence I’ve found, I can come to no other conclusion other than the complete failure to protect the national power grid is by design and with intent. The goal being to prepare the USA for a successful invasion by our enemies i.e. the Russians, Chinese and their allies.
With all of the above in mind, there are a couple of unknowns (at least to me they are unknown):
1.) Does President Trump plan to move forward to protect the national power grid?
2.) If so, will he be able to do so in time?
Absent having answers to the two above questions, I advocate the following:1.) Prepare for both a grid-down scenario and invasion.2.) Pray for God’s healing and protection.
NOWI know all to well the enormity of what I advocate. I also know that failure to do so could result in serious injury, or death. My recommendation of becoming part of a hobby farm that’s self-sufficient 100 miles (or more) from a major city and 800+ feet above sea level holds true.
May God Bless and Save America!
November 27, 2017
Evil Rothschild Plot-Socialist World Govt
It Is Now Easier to Kill HUNDREDS of MILLIONS Than to Control Them
By Dave Hodges
November 19, 2017
It Is Now Easier to Kill HUNDREDS of MILLIONS Than to Control Them
There is a clear organization structure that is emerging in a very public manner that every American needs to be concerned about. This organization is multidimensional but there is a key level of command and control that is identifiable.
The Real Reason for Trump’s Asian Trip
President Trump just completed a 12 day, multiple nation tour allegedly to drum up support for engaging North Korea in a nuclear war. It is not that this particular conflict will not end up involving a nuclear exchange, however, there are more pressing reasons on why Trump found it necessary to be out of the country.
The United States, and in particular, the office of the President is the target of a definitive coup attempt by the Deep State.
Trump was out of the country, so he could be isolated under military protection during a coup which was decidedly going to turn violent. It is no secret that Trump has become, to some degree, the lap dog of the military. Why? Because he’s buying protection from being either assassinated or overthrown. For every day that Trump stays in office, he is continuing to trigger the “Great Awakening” all across America. Three years ago, there were tens of millions of Americans who had never heard of the New World Order, who now are aware of the Bilderberg, the Trilateral Commission, the Council of Foreign Relations and despotic George Soros.
Now we can add Moveon.org, Black Lives Matter, Antifa to the new vocabulary of the American lexicon. Despite what the fake polls say, the same fake polls that had Hillary winning the election by 12%, Donald Trump’s base of support continues to grow.
The Deep State Desired a Bloodless Coup
The global elite, at one time, preferred to a bloodless transfer of power in this country. They wanted to takeover an infrastructure that was intact along with the prolific skill sets of the American labor force. The Deep State goal of inheriting a fully functional America has been slipping away since the advent of the Independent Media and the emergence of Donald Trump an the hope has offered America.
A seamless, bloodless coup, which almost seemed unavoidable a few years ago is no longer a possibility. America is approaching the point in which genocide may end up being the only solution that the Deep State and their “elite” masters.
At one time, it appeared as if America was going to go down without a fight and that any resistance to the elimination of the Constitution and the traditional foundations of American jurisprudence, government and personal lifestyle would be accomplished, without a fight, and it was merely a matter of time until the American empire was scattered to the winds.
There were several factors which has changed the dynamics of the American takeover. A seven million man army, of fighting age, is something to contend with by any army and any by any invading force. And a seven million man army is what the globalists have to contend with because of the way that Obama mistreated the veterans. Many of these veterans served multiple tours of duty in our foreign wars of occupation only to be cast aside like garbage when they returned from their respective tours of combat duty. Many of these brave men and women carried the mental and physical scars of war. They needed treatment and instead they received abuse. Most veterans recognize the BS veteran celebrations, that are bought and paid for as organizations, like the NFL, engage in bought and paid for phony celebrations of veterans service to our country. The veterans are keenly aware of this. And the fact that Obama so abused them (eg taking away their gun rights), hardened the anti-establishment orientation of the veterans. When the civil war goes hot, the veterans will not hesitate to shoot anything wearing a blue helmet.
No occupying force from the Russians to the Chinese to the United Nations wants to contend with seven million pissed-off veterans, of fighting age, who know how to fight and who have fully identified their enemy. The mistreatment of our brave veterans was a major miscalculation by the establishment.
Where is all of this headed? Henry Kissinger and Zbigniew Brzezinski tell us in no uncertain terms where this is headed.
Kissinger is well known for his many hateful utterances. But there is no more of a controversial statement made by Kissinger when he stated the following:
“Today Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful. This is especially true if they were told there was an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead with world leaders to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well being granted to them by their world government.”
This has been the plan all along when it comes to the ridding of the American obstacle to the New World Order. The plan has and is currently to create as much domestic chaos as possible, so that UN Peacekeepers will enter our cities declare martial law and seize our guns. This is what is behind the rash of false flag attacks. Remember, I reported that Fox News declared that Obama had granted the UN authority to enter our streets and engage in “policing activities” if America was ever in chaos.
The Brzezinski Blueprint for Genocide
Zbigniew Brzezinski was a person who had great foresight. In 1970, Brzezinski wrote a book entitled Between Two Ages… in which he foretold how free trade agreements would redistribute wealth around the world. He openly discussed the decline of the Western democracies and a decided move towards globalism and a one world order. Brzezinski was brilliant and could always see what was coming and much of what he wrote could also fall into the category of predictive programming. Brzezinski was the ultimate globalist. He was brilliant and even in death (May, 2017), his words still guide the globalist agenda.
Brzezinski’s brilliance was only matched by his pure and unadulterated evil nature. Brzezinski favored the formation of a New World Order through a series of relatively non-violent takeovers. However, in 2011, six years before his death he proclaimed that Zbigniew Brzezinski, the ultimate New World Order globalist insider, put the matter rather succinctly by declaring that it was now harder to control, but easier to kill, a million people. Specifically, he said that “new and old powers face” an unprecedented situation: (1) the lethality of their power is greater than ever, but, (2) the NWO globalists are losing the capacity to impose control over the politically awakened masses of the world… This loss of control is due to the fact that humanity’s consciousness is rising. People are seeing through the deception in great numbers. The masses are resisting, not complying and the masses are fighting back, and this is exactly the kind of behavior that will make it difficult for the Globalists to implement their NWO agenda of a one world dictatorship, the implementation of a digitized one world currency and the UN army who will rule over a fully microchipped population.
Donald Trump has lit the match that has caused the globalists to take this fight to a very dangerous level. America is facing endless false flag attacks. However, the end game for the shift in globalist policy is depopulation and it will be a radical depopulation. The specifics of this agenda, which has already commenced, will be identified and discussed in Part Two of this series.
9-11 Was Start of World War Three
God Made Trump the Globalists' Enemy
NEW WORLD DISORDER
GOD HAS MADE TRUMP THE GLOBALISTS' ENEMY
Exclusive: Craige McMillan predicts elites' defeat will be 'both crushing and humiliating'
“Hush, hush, sweet Charlotte, Charlotte don’t you cry …”My wife’s father, a U.S. Marine whose resume included both WWII and Korea, was fond of this observation:
“When you’re up to your neck in alligators, it’s easy to forget the objective was to drain the swamp.”
I wish a few more of my fellow citizens would forgo the globalists’ drama productions and return to the fundamental objective of draining the D.C. swamp, which alone will restore freedom and dignity to this great nation.
The world’s globalists will produce live, surround-sound theater for as many of us as demonstrate interest in their various charades. Are the bulk of America’s citizens really so blind that they believe today’s leftist mobs could give a rodent’s buttocks about Civil War monuments or remembrances of Southern history?
Today, both the left and the right find themselves bound in strings and wrapped around the globalist’s fingers. They are the marionettes, with the globalists pulling the strings from where they sit high above the turmoil in the rafters and produce the show. Why would any thinking person participate?
The globalist puppeteers have but one agenda, although they pursue it in three phases.
Part one is abolition of all nation-states.
Part two is a single world government to address “major” problems that brought down the nation-states.
Part three is to be absolutely certain that they alone remain the puppeteers who will be pulling the strings of that single world government.
That’s all they care about. They view it as a very modest goal. All they want is to run the entire world. The cause de célèbre they use to inflame the citizenry are things they know to be demonstrably false:
Man-made global warming, which is nothing more than normal climate cycles evident throughout the earth’s history.
Creation ex nihilo. The universe and everything in it suddenly arose from nothing. It’s the biblical narrative, absent the Creator God.
The evolutionary shell game, where adaption by a species over time to its environment somehow equates with life springing forth from non-life.
The globalists’ holy grail is not simply to own the earth, which they pretty much already do. It is to own the people who inhabit the earth. Interestingly, Satan has the same ambition, doesn’t he?
These narratives are all appealing to the unregenerate human mind. They could be summarized as: We can own whatever exists, because everything arose from nothing, and since we evolved and have the money and power to control it, it belongs to us.
While it is perfectly natural that the bulk of humanity would embrace this narrative (the un-renewed human mind after the Fall), it is inexcusable that any Christian would embrace any of these same falsehoods. No one who understands what Jesus Christ did at the Cross of Calvary could possibly embrace these carnal fantasies!
If you sense desperation in the war against Donald Trump’s remake of Obama’s happy-land, you are onto the truth. Unfortunately for those peddling these narratives, God has chosen Donald Trump to destroy the globalists’ hold on the world. The Creator God, whom the globalists’ believe does not exist, has now made them His enemy. He will bring whatever power is necessary against them to prevail. Their defeat will be both crushing and humiliating.
If you must have street theater, I suppose you can continue beating, clubbing, shooting, stabbing and driving your car through crowds of your fellow citizens, to set them straight. It won’t change the outcome of God’s war one iota, except that you will have blood upon your hands, something God is not particularly fond of.
If, on the other hand, someone were tasked with defending the rule of law in our nation and wanted to stop these incidents, he might assign a Justice Department attorney to monitor Craigslist and other mayhem-recruitment boards for protester job opportunities. Using simple police procedures they could trace the posting back to the poster, then follow the money trail back up until they reached the hand feeding the mayhem. Personally, I would enjoy seeing those indictments.It all eventually leads to the same few hands, however, the very people whose other hand has slipped into our pockets to withdraw the funding they use to subsidize their one-world agenda in opposition to God Almighty.
If instead you are committed to your place in the theater, I understand. However, once you set yourself up in opposition to God, you’ve chosen poorly. You’ve made God your enemy. If you stand in opposition to Him, He is going to crush you. And after that, an unthinkably horrible eternity awaits. But He created each of us with free will, and it is your choice.
Finally, as we reflect on eclipse day, an anniversary of the 1776 eclipse across our nation, my plea to you, my fellow citizens, is simple. Stop bloodying your hands with one another’s blood. Align yourselves instead with the Creator God, and against those He has chosen to humble. The Cross of Christ forever ended blood sacrifice. Wash yourself there, at the foot of the Cross, and ask the Creator God’s forgiveness for your past. Then move forward with the new life He so graciously gives to all who ask in the name of his Son.
Read more at http://www.wnd.com/2017/08/god-has-made-trump-the-globalists-enemy/#gSdL8mZD6l9MB8rh.99
Story # 1. NEW BOOK - THE ONE WORLD GOVERNMENT PLOT
Beware the One World Government central banking elites (Rothschild & Rockefeller merger - who control the Council on Foreign Relations, Trilateral Commission, Bilderbergers, the European Union, the United Nations and both political parties in America). Globalist want a GREATER DEPRESSION to further globalism - a backlash against Trump type of popularism and libertarianism which is to do unto others as you would have them do unto you - the GOLDEN RULE.
The deflationary GREATER DEPRESSION started in 2000. If you divide the stock averages (DOW) by the price of gold, the CPI (Consumer Price Index) or the PPI (Producer Price Index) one can easily see that the top was the dotcom climax.
The FOURTH TURNING CRISIS of tribulation - devaluation, deflation and the Greater Depression will last until 2025 and end with fascist communist totalitarian globalized government control of you, your children and your grandchildren - a dictatorship cradle to grave - if you don't watch out.
Free information (until my book comes out) which you will not see anywhere else and soon to be new book.
With President Trump knowing full well of Robert Mueller’s “action plan” against him, this bulletin continues, Secretary Tillerson revealed to Minister Lavrov that a US Attorney on Mueller’s “Deep State” team, this past week, requested documents from the White House on a “9/11 related subject” that had only been discussed between two parties in the Oval Office of the White House the previous week.
After the shocking discovery that the White House was “riddled” with listening devices, Secretary Tillerson further revealed to Secretary Lavrov, this bulletin notes, General Kelly ordered it immediately evacuated—with President Trump, within hours, being evacuated to his private New Jersey golf resort and the White House itself ordered to be “completely gutted”.
World War 3 has already begun. How the history books describe the beginning will depend on how it ends.
Due to the challenges I currently face in editing video (living off-grid with limited electricity and internet access), and due to the fact that action needs to begin now, I have decided to release this message first in its text form, as creative commons no restrictions, so that others can integrate it into their own content and distribute as they see fit.
World War 3 has already begun with the frightening FALSE FLAG EVENT ON THE 9-11 WORLD TRADE BUILDINGS.
LIKELY RADIO CONTROLLED AIRLINERS AND THE THIRD BUILDING #7 CAME DOWN IN A CONTROLLED DEMOLITION - IT WAS NOT EVEN HIT BY AN AIRPLANE & ALONG WITH A CRUISE MISSILE FLOWN IN THE FRONT DOOR OF THE PENTAGON - A DESPICABLE ATTACK BY THE CORRUPT GOVERNMENT ON IT'S OWN PEOPLE.
How the history books describe the beginning will depend on how it ends. How it ends will depend on how the public reacts to the shock waves to come. This cannot be predicted, but it can be influenced.
One cannot have a war on terrorism (nebulous & ephemeral) - terrorists - yes, but in this case it is bankster financing of Zionist Israel firsters using the West in a proxy war against their Arab enemies in a divide and conquer subterfuge as a military industrial surveillance corporatocracy who get richer as they grab control of the oil rich Middle East and pipeline routes to population centers. All meant to further world global government control of you, your children and your grandchildren forevermore and eventual totalitarian DEVILISH DICTATORSHIP.
When one divides the DOW stock index by the price of real money - gold, the Consumer Price Index (CPI) or the Producer Price Index (PPI) the resulting chart, in Elliott Wave Theory terms, shows the whole boom ending in year 2000 and the subsequent economic action as a crash into 2008 (Wave A) with a bear market rally peaking the fall of 2017 (Wave B) as the next leg down with the bottom expected in 2023, or so (a Wave C washout). At that time - hold on to your hat - Robert Prechter, who wrote the 2001 New York Times Best Seller List book CONQUER THE CRASH says the Dow may drop to a minuscule 400, real estate may drop 90%, interest rates will skyrocket as fear stalks the land and unemployment rates may exceed 30% world wide.
Any time the ruling class gets an inkling that we the people might unify on a higher ideal, join forces in the face of an existential threat (like the prospect of thermonuclear war) you’ll always see forces of darkness start sowing the seeds of division, triggering artificial group identities, pitting you against each other over trivia.
Once in play, the temptation to join a side is overwhelming, and very few can resist. JOIN THE LIBERTY MOVEMENT! Join the internet reformation revolution and the alternate press. Don't believe the real fake news puked out by the cabal of six giant corrupt world media corporations in bed with the INTERNATIONAL CORPORATOCRACY.
Divide and conquer is an applied science. They know exactly how to ring your bell, and they’ll go out of their way to promote any narrative that adds to the hate and ruination.
If they succeed, the result is always the same. Resistance is dissipated, drowned out by the roar of petty squabbles, while the war machine advances. This is our first enemy, and it must be attacked head on.
The path to war is always paved with crowd psychology. Those who don’t understand this science, are easy to manipulate. Activists who ignore, or who are fail to work within its laws, are rendered ineffective, or worse, utilized as pawns. Watch out or you will be told what to think, where to live and work and what to eat and drink cradle to grave. Worse yet, there will likely become a time when one out of three will inform on you to the powers that be. As a reference, only one in six people were finks during the East German Stassi nightmare of complete Communist control.
They don’t teach you about this stuff in school (for obvious reasons). This is the science of power, the psychology of control. An informed populous would recognize their tactics, neutralizing the effect. They would also have the tools to strike back, turn the tables, and fundamentally restructure the system. The status quo would be destroyed.The stakes are far too high to play it safe now, and we don’t have much time, so we’re going to break this down from the, 30,000 foot view.
The only way to stop a war, when you have a government which is fully in the pocket of the military industrial complex, is to reach the mind behind the trigger. Break the chain of obedience. A contingent of the police and military must turn. The dark force is already planning on using foreign United Nations type of troops for riot control who will have no compunction against shooting American Citizens. In addition, the government has armed most layers of our supposed public services sector with militarized armament including, MRAPs, SWAT team outfits, automatic rifles and even a billion rounds of deadly hollow point slug ammunition, which blow a hole as big as your fist upon exit. The sickness and subterfuge even includes arming agencies such as the Postal Service, the EPA and the Department of Agriculture and so on.
This is easier said than done, and most who try sabotage themselves fail to understand the group identities they are working with and may have their own children turn them in as they are constantly being indoctrinated as they are being dumbed down by our anti-American cowardly teachers and "drink the koolaid" colleges and universities administrators. They are all in cahoots with the Leviathan government and tax exempt foundations.
Soldiers are conditioned to obey. They are regimented using extremely efficient authority and conformity structures, and have a very strong, and inflexible group identity (if you don’t know what I’m referring to here talk to a Marine). They are typically the last element of society to flirt with disobedience or insurrection. They only turn our way - the way of FREEDOM AND LIBERTY - if a large enough civilian contingent that they identify with pressures them into it.
In the United States, military personnel are overwhelmingly identify as conservative. Therefore, U.S. soldiers would only consider disobeying a direct order, or pointing their guns in a different direction, if enough conservatives turn and only if the call to turn is delivered in language that they resonate with.
You could field a crowd of 20 million leftist progressives (who never seem to think straight) and it wouldn’t even register. The conservative world view frames the left as the out-group (just like the left views them), and any message that can be framed as coming from the enemy camp is automatically rejected out of hand. Just look at the battle going on in American politics since the Trump election - a logjam that may even have trouble funding government with electronic money.
Conservatives tend to be older, more established, with little appetite for catastrophic change, and right now the man they voted for is temporarily in power. It looks to me like a clash of titans - Trump and Masonic Zionists against the out of control CIA in bed with the Jesuit Vatican usurpers. Pope Francis is the first Jesuit Pope in eons with dire fire and brimstone likely consequences. Literally!
The spark of insurrection almost always begin with people who are young enough to still have hope, and crazy enough to actually do something about it. Millennials! This demographic also tends to lean left but they will follow the new (right - not Trump) Gray Leader to the end of the world in the coming FOURTH TURNING DEFLATIONARY ECONOMIC CRASH and CRISIS. Literally - again - similar to the 1929 Great Depression only twice or even three times as devastating!
To further complicate matters these two group identities have grown farther and farther apart in recent years, and have even diverged linguistically and tactically with Barack Hussein Obama, Hillary Clinton and billionaire George Soros following the teachings of the book RULES FOR RADICALS, Saul Alinsky, author. Hillary even did her grad school thesis on the Communist book and Marxist subject.
The only way to inspire a break in the chain of obedience is to build a coalition that is able to work with, and ultimately steal market share from both of these identities, galvanizing them in opposition to a common threat (like thermonuclear war), and defining an identity against a new out-group, the madmen and useful idiots pulling us towards it. Aka OWO - One World Order - the bankster financed neoliberal neocon corporate elite alliance of warmongering and globalization of poverty - satanic saboteurs.
“You mean I’d have to cozy up with a bunch of leftist loon tards?”
“Ewwww… I don’t even want to be in a room with these misogynist bigots.”
We get it. You hate each other. “They” are not us. They’re the out-group. They’re a hostile tribe that you’re being forced to share a territory with.
But then something horrific happens. An event that sends shock waves through the culture. Leaving deep psychological scars.
At that moment petty disagreements will be set aside. The political and media establishment will rally the masses towards their “solution”: war.
You might hate each other now, but in times of war you’ll unify behind a flag. The out-group will be redefined in geopolitical terms, and most will fall for it.
A new found sense of patriotism will wash over the nation, like alcohol to cover the fear, and the executive will be elevated to god like status. Daddy is going to take care of you now. All you have to do is obey.
And then, laws like the Patriot Act, and the NDAA, on the books for years, but never fully implemented, will suddenly become terrifyingly relevant. There will be absolutely no restraints on power.
In such times group identity can be reshaped, rendered more obedient. Those who speak out will be branded un-American, or worse. Exposing government lies will become an act of treason. Examples will be made to set the tone. The rest will either cower in submission, or flee, and we’ll all be reminded of the saying “War is the health of the state.”
If they win… then they get to reset the system, wipe 20 trillion dollars of debt off the board, blame the collapsing stock bond and derivation bubbles on external boogie man, and have a controlling stake in the next fraudulent global financial system if it is not backed by honest money - GOLD. Only gold is not someone else's debt. Today all money is debt based, unfortunately.
But this isn’t going to go according to plan and once a certain line is crossed there will be know “undo” option.
Wouldn’t it be better to come to terms with the stakes (as terrifying as they may be) and unify ourselves on something worthwhile, a common ground that any sane human being can agree on rather than let them have their way with us? Could we agree to unify just long enough to stop world war 3? Could we NOT learn this lesson the hard way.
A lot of you have already been feeling scared. These emotions are normal, and as the show progresses you’ll have more and more company, but it’s not going to help us here.
When afraid, our brains work much less efficiently. The rational, introspective areas shut down and decisions are reduced to fight, flight or freeze. Those in power always take advantage of this principle and use it to herd the population towards their goal.
Rather than join the stampede, take a deep breath. Reflect on the inevitability of death. Let go. Look at the big picture: the world we’re leaving for our children, grand children and beyond.
We have to do something, and it’s not the thought that counts. Results matter. They really, really matter.
But how can we reach the mind behind the trigger when we’re up against the most sophisticated propaganda apparatus human kind has ever faced?
We don’t have multi-million dollar budgets, or the infrastructure and staff that such money can buy. Most of us are stretched to the limit, struggling to keep our heads above water because big brother has outsourced so many jobs to overseas locations in their globalization of poverty plot. We don’t have the means of setting up a large centralized organization capable of challenging the elite machine on its own terms. And even if we did, such an such an approach wouldn’t work. The house always wins.
When the odds are stacked against us, and failure is not an option, we must formulate an asymmetrical response.
As strong as the enemy may seem, the establishment has a vulnerability. In fact they have an entire web of vulnerabilities. The official narratives on a whole host of serious issues, foreign and domestic are built on deliberate and orchestrated lies; lies that cover crimes so horrific, that most of the population couldn’t even fathom the possibility.
Many of these lies can be debunked by using publicly available evidence, and this is an essential part of the battle, but at this stage of the game that’s not going to be enough. The floodgates need to be opened.
Here we have to walk a very fine line. Some of what needs to be done will be dangerous. Some will straddle thin lines of legality or cross it explicitly. It’s not up to me, or anyone else to tell you how to handle that line. Each of us must chose our level of involvement. However as this situation progresses there will come a moment when it becomes clear that risks must be taken, sacrifices must be made, the laws of man superseded by a higher mandate. Before the internet is censored!
OPEN MESSAGE TO THE ALPHABET SOUP (FBI, CIA, NSA ETC.)
Some of you listening are positioned deep within the machine. You work among the gears. You have access to tools, and documents that the public doesn’t know about and you could get deeper access if you really tried.
For some of you, monitoring this message might be part of your job description right now. Alphabet Soup. I’m going to speak to you directly here.
You and I both know why Trump flipped. We all know Trump isn’t running the show. He’s dirty, and somebody got the goods on him. Dark stuff. The kind of dirt that guarantees obedience. Blackmail by the deep state and our own intelligence operatives. The nature of the flip makes it clear where the hand pulling the string resides: in the upper echelons of the United States neoliberal, neocon, corporate establishment. The people you work for. Let’s not feign naiveté.
Follow the money. Trace the connections, phone logs, emails, campaign contributions, hush money. If you put your mind to it you’ll find evidence that involves senators, congressmen, top level brass, banking and the who’s who of the military industrial complex. Craven degenerates operating with impunity, totally compromised, totally controlled by the same people you currently work for.
Blackmail is a crime, and in a case like this, it denies the victims justice. Blackmail against a sitting president is also high treason; and to use that leverage to start a war of aggression is a crime against humanity. The people behind this would hang in a fair tribunal. And maybe someday they will.
The circus tent is coming down. The rot runs deep, permeating the core of the system. These are the dying breaths of a nation.
DID THIS MAKE YOUR BRAIN ITCH?
It’s time to decide which side of history you’re going to be on.It’s time to hold yourself accountable (in action or inaction).
The “Just Following Orders, Sir” defense doesn’t have the best track record.
This isn’t about Trump. This is about the .0001% that really call the shots. Trump is expendable. At some point, he’s going down. The real establishment will install another puppet and they’ll still get their war; the great destruction, the economic reset. THE GREAT DEPRESSION
Unless of course, you do something big: strike deep, strike in a way that slows down the agenda, discredits their war mongering lies, knocks them off balance, and buys humanity some time.
OPEN MESSAGE TO THE 99.999%
Now I’m going to speak to the civilian population of all nations. With the exception of those among us who are clever with the locks and keys that keep this kind of information out of sight (digital outlaws and hacktivists), most of you don’t have access to the innards of the machine, and never will. You do however have access to people, and in the end that’s what this will come down to.
To maximize impact study the principles of group psychology; Gustave Le Bon, Edward Bernays, The Psychology of Power. These type os weapons have been used against us for centuries. Time to pick it up and return fire.
Pressure must come from all sides.
To stop this war, you will need to study the world view of both the left and the right. You must to internalize their narratives, learn to navigate the wedge issues, identities, images tied to words, towards an urgent awareness of common threat: THE WHOLE OF HUMANNITY IS AT RISK TO AND FROM AN EMP - ELECTROMAGNETIC PULSE ATTACK AND THERMONUCLEAR WAR!
This is not easy. We have to learn to distance ourselves emotionally from issues that distract. Let's discipline ourselves to avoid the trap of pointless arguments that will never be resolved.
We must choose battles that can be won, and win them by sending more and bigger bullets down range while adjusting fire, not by obsessing over how each volley lands.
Some of you are going to want specific instructions. Steps 1, 2, 3 and 4. Some of you are waiting for someone else to lead. The millennials will have to do the heavy lifting and dying. Just like the GIs in world war two so selflessly prevailed.
What we need right now (and will need even more in times ahead) are decentralized nodes of leadership operating independently, creatively, with the skills and resources they have, coordinating, amplifying, with other groups.
Seek those willing to commit to a simple, self evident moral stance: No wars of aggression (covert, conventional, economic or nuclear), regardless of who is in office. No supporting such wars in word, silence, action or inaction. This is a line worth dividing on and an anchor worth unifying on, identifying with. Beware of the damn false flags purposely waved in your face by the saboteurs and their corrupted controlled main stream media.
Don’t know how to find such people? Start by speaking out. Commenting on the net and on fourms.
All it takes is one voice to break the conformity principle, to expose the fact that the emperor wears no clothes. Someone else might find their courage because of you.
Once you start taking action you’ll start meeting others who are already in the trenches; people with experience and skills you lack, perspectives that clarify things further. Now you can coordinate, synchronize, and amplify. You’ll also make new friends, and the group might become more than a means to an end.
Finally we must address the elephant in the room here: fear. The danger of a global escalation is real. Sugar coating it won’t help. Narratives which put heads in the sand definitely have a market.
The question isn’t so much whether your hands will shake, the question is whether you will find the courage to do what needs to be done anyway.
Again, it helps to reflect on the inevitability of death and your personal relation and belief in God. None of us will be here in 200 years. Look at the big picture: the world we’re leaving for the next generation.
It can help to plug in to something bigger than ourselves. Pray, meditate, connect to whatever you want to call it however you believe that you should.
Struggling to decide what to do? Unsure of the right path? Go to the source, and ask like you mean it. Put all that emotion you have pent up in your chest into it. This doesn’t have to be quiet, sitting down, formal, or planned. It can be through dance, music, or even just tears.
When your brain is operating at this frequency ideas often arrive out of the blue. Good ideas, And now your emotions are calm. Everything comes into focus. You are acting on behalf of everyone - including your friends and family. Especially, for those to follow - your children, grandchildren and their children. Already, we have left then in debt to the tune of some $300 trillion dollars just in the United States when it comes to unfunded future payments due for health care and Social Security/retirement. There has been no savings in a fund for the future. It was not some type of old age insurance. It has all been spent by feckless politicians.
You see a step you could take now; a simple goal that you know you can accomplish, and you’re not afraid to start. In fact you’re excited. This isn’t just something worth dying for, this is something worth living for. Follow that feeling. Take action before it slips away and Satan wins.
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Posted by Fourth Turning Prophet Delwyn Lounsbury - The Deflation Guru
Enormity Of Hillary Clinton Penetration Into Russia Warned Could Topple US Government
By: Sorcha Faal, and as reported to her Western Subscribers
A gravely toned Security Council (SC) report circulating in the Kremlin today states that President Putin was “astonished/amazed” after President Donald Trump methodically presented irrefutable evidence detailing how Hillary Clinton had penetrated the highest reaches of the Russian government, with his further stating that should all of this knowledge be told to the American people, it would, most certainly, topple the entire two-party government structure of the United States. [Note: Some words and/or phrases appearing in quotes in this report are English language approximations of Russian words/phrases having no exact counterpart.]
True to her word, this report continues, four months after Renaissance Capital paid former President Bill Clinton his $500,000 bribe, then Secretary of State Hillary Clinton approved ROSATOM’s takeover of Uranium One—with her receiving for doing so $3.1 million in one payment, and $2.3 million in a second payment, from Uranium One’s chairman, Ian Telfer, another $131.3 million from Ian Telfer’s business partner Frank Giustra, and a further $145 million from other shareholders involved in this transaction.
If you’re familiar with www.collective-evolution.com content, you may have noticed that we frequently refer to the shadow government, the deep state, the cabal, the Illuminati, and the elite. We often use these words synonymously, though some of these terms have slightly different meanings.
If you’re unfamiliar with the true meanings of these terms, then this article is for you!
This article will examine what the shadow government is, what people and which companies fall within it, and how they gained so much control over the U.S. government and society in general.
What Do “Shadow Government” and “Deep State” Mean?
Shadow government and deep state are both political terms in a sense, as they’re used to define the groups of people who control the U.S. government. I’m not referring to the people within political parties that perceivably control the system — not the Presidents or Congress — but the individuals and the companies who control the government and influence policies and decisions.
The very definition of the shadow government lies within the term itself; it’s the real government entity that hides within the shadows, making all of the important decisions in secret. Their political agenda and true motives are completely hidden from the public. These aren’t the people you see on mainstream media, nor are they the people you vote for; they’re the individuals who lurk in the shadows, which is precisely how they’re able to maintain control over the population, feeding the illusion of democracy.
The term deep state refers to “a state within a state,” a group of people who have so much control inside of a state that they don’t actually have to abide by the same laws, largely because they’re the ones creating them. The deep state can even include elements of the government, including the Pentagon, which has acted immune to many laws. Up until this year, for instance, they had never been audited, despite the fact that this is illegal and an astounding $10 trillion in tax payer money had gone completely unaccounted for since 1996.
The Deep State does not consist of the entire government. It is a hybrid of national security and law enforcement agencies: the Department of Defense, the Department of State, the Department of Homeland Security, the Central Intelligence Agency and the Justice Department. I also include the Department of the Treasury because of its jurisdiction over financial flows, its enforcement of international sanctions and its organic symbiosis with Wall Street.
Numerous politicians have publicly discussed the people who secretly control the U.S. political system, and are creating laws and bending them.
As John F. Hylan, former Mayor of New York City, explained:
The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation . . . The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both parties . . . [and] control the majority of the newspapers and magazines in this country. They use the columns of these papers to club into submission or drive out of office public officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government. It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection. (source)(source)
Senator Daniel K. Inouye, a high ranking Asian-American politician, has also stated: “There exists a shadowy government with its own Air Force, its own Navy, its own fundraising mechanism, and the ability to pursue its own ideas of the national interest, free from all checks and balances, and free from the law itself.” (source)
Theodore Roosevelt, former President of the United States, stated:
Political parties exist to secure responsible government and to execute the will of the people. From these great tasks both of the old parties have turned aside. Instead of instruments to promote the general welfare they have become the tools of corrupt interests, which use them impartially to serve their selfish purposes. Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people. To destroy this invisible government, to dissolve the unholy alliance between corrupt business and corrupt politics, is the first task of the statesmanship of the day. (source) (source)
When former President Eisenhower coined the term “Military Industrial Complex,” his main concern was the potential for the “disastrous rise of misplaced power.” After him, former President John F Kennedy (JFK) warned citizens that we are living in “a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.” He went on to state that “its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumour is printed, no secret is revealed.”
Even before both of these two, former U.S. President Woodrow Wilson revealed:
Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it. (source)
The following video from THRIVE Movement, a documentary created by the heir to Proctor & Gamble, Foster Gamble, perfectly explains how this system works:
Who Is a Part of the Shadow Government and the Deep State?
Since the shadow government and the deep state are fairly broad terms to define the people and the corporations that control the government, they includea lot of people and a lot of corporations.
To begin, the shadow government includes billionaire families like the Rockefellers and the Rothschilds. The Rothschilds became very wealthy in the 1700s off the banking system, and then spread out all over Europe, gaining more power through other industries. The family also has strategic marital times to big names such as Du Pont, Hilton, and Guinness. However, the Rothschilds are most well-known for their control over the American Federal Reserve Bank, though they own countless big banks all over the world. Check out this CE article to further understand howbig banks actually work and gain control over society.
The Rockefellers have their hands in practically every industry, including banking, health, oil, food, and more. Over a century ago, the Carnegie and Rockefeller foundations began to alter university medical curricula to reflect a greater focus on pharmaceuticals so they could increase their profits. They put their money into drug-based research and made that the main focus of modern day healthcare.
Since then, the Rockefellers and banking elite have been able to control and profit from the drug industry. The AMA, the largest association of physicians in the U.S., enforces the drug-treatment paradigm by heavily lobbying Congress and publishing one of the most influential journals, JAMA,which is largely funded by pharmaceutical advertisers.
Mainstream media networks are owned by fewer than five multinational corporations, and all of these corporations have ties to the Rothschild and Rockefeller families. The Rockefellers were also involved in the creation of the United Nations (UN), which you can read more about in our CE article here. This may not raise red flags to those who aren’t familiar with the Rockefeller family, but consider this: The UN was created in 1945 as a result of World War 2. In practically every global conflict, something is created out of that conflict to give the illusion that whatever is created will solve it. Have you ever thought that the people who created the conflict are doing so so they can propose the solution in order to manipulate the population and gain further power?
George Soros is another key member of the shadow government, disguised as a philanthropic billionaire. His donations seem heartfelt and meaningful, but if you look a little closer, you’ll realize that every donation he makes has an ulterior motive behind it, helping to secure his control over the political landscape and in turn profit from it. Similar to the Rockefellers and the Rothschilds, he has secured his political control all over the U.S. and in other places like Europe and holds many strategic investments, including in the DNC and in organizations that support the DNC. You can read more about George Soros in our CE articles here and here.
Many large corporations fall into the shadow government as well. SONY is one of these corporations, as the CIA and the government have strong ties to the movie industry. In a statement made last year, Wikileaks wrote: “The Sony Archives show that behind the scenes this is an influential corporation, with ties to the White House (there are almost 100 US government email addresses in the archive), with an ability to impact laws and policies, and with connections to the US military-industrial complex.” You can read more about that in our CE article here.
The list of corporations that could be seen as members of the shadow government goes on and on:Exxon Mobil, Monsanto, Big Pharma companies, Corrections Corporations of America, Wall Street (Goldman Sachs, etc.), American Bail Coalition, other big oil corporations, big players in the factory farming industry, and more. Corporate members of the deep state or the Military Industrial Complex include big military contractors like Lockheed Martin. According to William Hartung, the Director of the Arms and Security Project at the Center for International Policy, contractors will “periodically intervene to try to stop practices that would make them more accountable.”
How They Influence Legislation and Gain Control Over the Government
It’s clear that corporations have a strong hold on government regulations; why else would chemicals be put in our food and the environment? Even the U.S. Environmental Protection Agency has strong ties to oil companies, despite the fact that they’re supposedly the government agency that protects the environment (learn more here).
The simple answer to this question: money, the promise to gain more control over the population, and lobbying efforts. The shadow government can manipulate, or in some cases, create legislation through either close ties to politicians or even organizations like the American Legislative Exchange Council (ALEC).
ALEC is a conservative group comprised of state legislators and corporate leaders that allows corporations to help write, or in some cases, just hand over legislation that the “official lawmakers” can then take credit for and formally propose. ALEC has been responsible for numerous immoral bills including those that aim to lower minimum wage, suppress voter rights, pro-gun laws, ag-gag (animal cruelty) bills, and more.
The Center for Media and Democracy (CMD) conducted research into ALEC’s funding while looking into Exxon Mobil and the company’s wrongdoings regarding climate change denial. CMD found that 98% of ALEC’s funding comes from private sources other than state legislators. This means that ALEC is basically entirely funded by global corporations, including Exxon Mobil.
Political satirist John Oliver explains this in detail below:
ALEC has played a crucial role in influencing laws surrounding gun control, the prison system, voting laws, environmental policies, animal cruelty laws, minimum wage, and more. ALEC-backed legislation is not created “for the people,” but rather, designed so corporations can increase their profits and create loop holes so they don’t get in trouble with the law. You can read more about ALEC in our CE article here.
There are tons of other examples of corporations influencing the government outside of ALEC as well. One court case addressed the EPA’s ties to Monsanto, bending laws and lying about the environmental and health issues involved with the company’s products (GMOs, herbicide Round Up, etc.). You can read more about that here.
Big Pharma is another industry with close ties to the government. Even though it’s illegal for Big Pharma to advertise drugs in other countries, it’s completely legal in North America. The advertisements are often misleading, overstating the benefits and completely omitting the risks or potential side effects (or simply putting them in tiny, illegible letters). Although the FDA has stepped in multiple times, sending pharmaceutical companies warning letters or even forcing them to take down their ads because they are false, misleading, and/or exaggerate the effects of their drugs, this is still an ongoing issue (source).
Lobbying expenditures by the pharmaceutical industry have been increasing every year and hit an all-time high of $273 million in 2009. This money is then used to influence lawmakers and politicians to shape pending legislature. A recent study published in the Journal of the American Medical Associationconducted by a team from Yale University found that one in three FDA-approved pharmaceutical drugs have safety issues. Big Pharma pressured the FDA to speed up their drug approval process, and this is what happened as a result. You can read more about that here.
The U.S. government also holds strong ties to the meat and dairy industries. The government has helped food providers become more dairy-based, and implemented milk education into school programs. Check out this video that elaborates on the government’s ties to the dairy industry here.The USDA has heavy ties to many advertisements and campaigns encouraging consumers to purchase meat. The U.S. government spends $38 billion annually to subsidize the meat and dairy industries, in comparison to only 0.04% of that on fruits and vegetables. If the government didn’t benefit from meat and dairy sales, our recommended intake of animal products would look significantly different.Instead, the USDA Food Guide Pyramid states you should eat 2-3 servings of milk, yogurt, and cheese, despite the fact that only 75% of people can actually digest milk properly, as well as 2-3 servings of meat, poultry, fish, dry beans, eggs, and nuts per day. What the food guide doesn’t mention is that numerous studies have proven that meat and dairy consumption can cause cancer, heart disease, obesity, and many more health complications.
Lastly, another crucial way the deep state gains control over the public and the government is through false-flag terrorism. Yes, the government is involved with the creation of these terrorist attacks and the infiltration of other countries, but it’s not just the U.S. government that profits off war and terror.
False-flag terrorism is the idea that a government would stage a terrorist attack in a country (even their own) in order to justify war and the infiltration of a foreign country for their own purposes (whether that be for money, oil, etc.). It’s also used to heighten a state of fear and security within their own country, and in order to do so, they need a villain. For example, in the case of 9/11 it was Al-Qaeda and Osama bin Laden.
As former British Foreign Secretary Robin Cook explains:The truth is, there is no Islamic army or terrorist group called Al-Qaeda, and any informed intelligence officer knows this. But, there is a propaganda campaign to make the public believe in the presence of an intensified entity representing the ‘devil’ only in order to drive TV watchers to accept a unified international leadership for a war against terrorism.
In essence, war and chaos are profitable businesses, and they’ve been used by the shadow government and the deep state for many years to not only take over nations, but to control the masses using fear as well. War is often just a collaborative effort between powerful individuals to play out big picture plans through creating conflict and justifying war. Then, when this heightened fear state occurs in society, people don’t question terrorist bills and surveillance because they’re implemented in the name of “national security.”
“I served in all commissioned ranks from Second Lieutenant to Major-General. And during that period, I spent most of my time being a high class muscle- man for Big Business, for Wall Street and for the Bankers. In short, I was a racketeer, a gangster for capitalism.”– General Smedley Butler, one of the highest ranking generals in American history
The subject of war and terror also relates to the New World Order, as this is often the overarching goal when it comes to the U.S. invading other countries or the elite creating chaos and terror in other countries.
The New World Order is the supposed goal of a handful of global elitists who are pushing for a one world government and a heightened national security state. This group, often referred to as the cabal/the shadow government/the deep state/the elite, has been using foreign threats to heighten security, strip us of our rights, and invade other countries. The entire world is practically covered with U.S. military bases and big banks owned by the Rothschilds, with the exception of only a few countries.
Why This Is Important Information
Many news organizations and people refuse to discuss the shadow government and the deep state, whether’s that’s because they fear the negativity surrounding the subject or because they’re owned and funded by these groups of people.
Amber Lyon is a three-time Emmy award winning journalist at CNN who went on record stating that mainstream media outlets are routinely paid by the U.S. government as well as by foreign governments to selectively report and manipulate information on specific events. She has also admitted that the U.S. government has editorial control over mainstream media content.
This isn’t anything new; the CIA’s Operation MOCKINGBIRD is the government program referring to its interest and relations with mainstream media. MOCKINGBIRD stemmed from the CIA’s forerunner, the Office for Strategic Services (OSS, 1942-47), which, during World War II, created a working relationship with journalists and psychological warfare experts operating primarily in the European theatre.
It’s clear that the truth has been hidden from us for a long time, but it’s crucial that we don’t perceive this information as “scary,” but rather as empowering. If we fear the shadow government and refuse to discuss them, then we’re feeding into their perpetual control over the system. However, if we shed light on this subject and explain to others how our political system actually works, then real, sustainable change can actually occur. Democracy only gives you the illusion of freedom and “human rights,” because only without an overarching, elite-serving government could you truly have these things.
And again, as in previous terror attacks, the alleged three perpetrators are conveniently shot dead by police. Dead men can’t talk. The same pattern, all over again.In Manchester, in London, Paris, Nice, Brussels, Berlin, Munich, Stockholm, Orlando, San Bernardino – and wherever terror strikes, the alleged culprits are killed. And they usually leave conveniently an ID behind. Dead terrorists can’t testify. They can’t be asked to corroborate the stories of the police and authorities. These stories become truth without questioning.
By the way, has anybody ever seen these dead terrorists? Anybody, I mean, other than the police? Somebody neutral, trust-worthy? – Or are these dead terrorists perhaps invented to hide the real perpetrators behind these awful crimes on society? – Horrific crimes on a government’s own people, with only one purpose – continue and step up wars by military, financial and propaganda aggression throughout the world, to achieve what Washington’s bible, the PNAC (Plan for a New American Century), proclaims as ultimate goal: Full Spectrum Dominance? We are almost there. If we are not careful and wake up soon, the New World Order is already upon us, swallowing us alive, as a Python swallows an okapi.
The International Criminal Court premises in The Hague. (Source: Human Rights Watch)
Such state crime, like the recent Manchester and London murders, and all the ones before, would have to be judged by the Highest Court of Justice, à la Nuremberg. Today this is impossible. The International Criminal Court (ICC) of The Hague is no longer an independent court of justice. It’s been directed since long by Washington and Brussels and by those bloody fingers that pull the strings on these sick power cells. Justice is no longer the right of western citizens. Justice has been abrogated, bought, coopeted by force and by threat. Justice has become a pipe dream. It went the same way as has democracy decades ago. But an oblivious citizenry drunk from propaganda is still fantasizing about justice, equality and liberty.London as Manchester are planned state sponsored acts of terror to achieve a multiple goal. Conservative Theresa May must win the elections on 8 June against Jeremy Corbyn the Labor Leader, who even after the purposeful state crime of Manchester has not lost popularity, to the contrary, he has moved up to a neck-on-neck race. He is indeed a big risk for the deep dark Zionist-masonic elite that manipulates the world towards NWO.
These state-sponsored attacks are also Gladio-2.0 in full swing; decapitating a new emerging European left, which Corbyn in the UK and possibly Mélenchon in France and the ‘Continent’, may be well poised to lead. Corbyn’s campaign aptly calls for a return to social justice, to health care, including care for the elderly, a reformed and free system of education, and not least, back to labor rights that were fatally decimated by the many years of neoliberal and Tory leaders.
While Theresa May’s election program, announced just a few days before the Manchester horror, called for new and tremendously unpopular social cuts – like the elderly who needed care in the future had to spend their own savings first before the state may intervene helping with the cost for their care. Ruin them first into poverty, before assisting them to survive a gradual death in misery. This campaign ‘promise’ which she eventually withdrew, was a failure that cost Madame May many supporters, who switched to her socialist adversary, Jeremy Corbyn, even if they didn’t particularly like him.Theresa May and Jeremy Corbyn.
When Theresa May called for snap elections in April 2017, she surprised the world. She then thought she knew what she was doing. She had and has only a small 17 seat majority in Parliament, but had a huge, up to 24-point advantage in the polls over her opponent, Corbyn. She hoped, she might expand that advantage to between 50 and 100 Parliamentary seats to push through effortlessly BREXIT, unpopular social cuts and militarization, in her way.
But Corbyn’s relaxed, laid-back manner in which he propagated more social benefits and sovereignty for the Brits, propelled him rapidly as a serious challenger for PM May. So, a fingered ISIS terror attack, like Manchester, with usual left-behind ID for doubters, was in order. It was expected to avert the worst, a Corbyn win. It didn’t work. Postponing elections would be even worse because with every day that passes Corbyn is gaining more grounds.
As a last-ditch effort, a quickly organized killing spree in London is expected to secure May’s election win. Will it? – At first sight, it looks like the Brits are not so easily swayed. They too, may start smelling a rat. Two consecutive terror attacks, mass killings shortly before elections, both allegedly claimed by the Islamic State (IS) and carried out by Islamists, who as per MI5, Scotland Yard’s and Mme. May’s own admission, were known to authorities – who wouldn’t see through the farce?
A socialist UK leader could not only rock the boat for the financial oligarchs, the Rothschild - Rockefeller clans, the Godfathers of the Bank of England, those who invented and imposed in 1913 the US central bank as a private institution, the Federal Reserve Bank (The FED), from which emerged the fraudulent dollar as an un-backed wild card world currency, and later its offspring, the equally un-backed, fake and deceptive euro. The US dollar, thanks to illegally negotiated deals in the early 1970s with the OPEC leaders, the Saudis, that all hydrocarbons had to be traded in US-dollars, is flooding the world in uncountable hundreds of trillions.
Thus, the US dollar had become willy-nilly (no written agreement anywhere) the world’s key reserve currency, thereby usurping entire continents, countries, societies and peoples, as well as Mother Earth herself, through illegal debt, also called ‘odious debt’, and filthy unsustainable exploitation of nonrenewable resources. While steadily losing clout, this monster of legalized fraud is ever more rapidly moving towards total (western elite’s) world monetary hegemony.
But the path of deception on which the western monetary system runs is disintegrating fast. Therefore, state sponsored terrorism, spreading fear, promoting fascist governments with fascist economies is – so the self-styled hegemons – well worse sacrificing a few of your own citizens to prolong the atrocious western odyssey.Would Corbyn win, he might put a monkey wrench in this wheel of destruction, put a hold on the unquestioned bombing of the Middle East; stop militarization of the UK and by extension of Europe; re-evaluate London’s cooperation with France’s Rothschild President, Macron, whose neoliberal policies are like the death knell for a sovereign Europe and sovereign states.If Mr. Corbyn were to win – perhaps a miracle of higher forces (especially with all the actual vote manipulation and treachery that western powers have been practicing for decades) – he might gain enough European popularity to derail the German elections in September, already slanted for Madame Merkel to ‘win’ a fourth tour de force. Germany is hosting one of Europe’s largest and most modern military camps, where German and NATO troops will soon be training for urban warfare in European cities– i.e. to fight European citizens who may protest against neo-fascist economic slaughter à la Greece.
This typical financial bankster-oligarch robbery scheme will likely be imposed on other European countries that still have trillions of state assets to be stolen. Consider Greece a mere training ground.This is clearly what Emmanuel Macron announced with a Lucifer smile, when he talked about greater “European Integration” and “Security” were among his top priorities. He was groomed by the financial mafia to press for rapid privatization of state assets; and by NATO, to make sure a militarized Europe would not allow social protests to the harsh measures of ‘social decapitation’ looming upon Europe. So rapidly, that the average citizen doesn’t even notice the pillage until it’s too late. That’s what’s called economic fascism. Oppressing citizens’ rights to social benefits they earned during their generation-long hard work for a Europe without war, is what the Masters of the Universe are aiming at.
A Europe not for peace but for war – war with the east – the East, where the world’s Future lays – pushed and provoked by the west. As an allegory to Leonard Cohen, ‘First, we take Moscow, then we take Beijing’. Or so ‘their’ dream goes. And on the way devastating what’s left of Europe for the third time in hundred years. The deep dark illuminati masters pull their strings from safe heavens around the globe. But the empire of Wall Street and of Weapons of Mass Destruction and their swamp of corrupted Washington should be spared. Would it?
And thus, the march goes on, towards Full Spectrum Dominance under the dictate of a US dollar hegemony. That’s what Manchester, London, Paris, Brussels — et al, are all about. Calling them mere ‘False Flags’ has become an insult on humanity. They are state orchestrated murders, executed by their sophisticated and highly trained western secret services.
People wake up! – If Manchester’s and London’s screams for help aren’t strong enough, what will shake us to our feet and our deep-down spark of consciousness, We the People?
Calling the murder of seven people and more than 4 dozen injured a ‘False Flag’ is an understatement? Is it a state sponsored criminal act?
Back in October of 2016 I covered an issue which I have been very concerned with for over a year now. In an article titled Global Elites Are Getting Ready To Blame You For The Coming Financial Crash, I outlined the basis for my belief that Donald Trump would win the U.S. election and why the U.K. Brexit was allowed to meet with success. Here is a quote from that article to give you a general sense of my position: “I argue that the Trump tapes will be forgotten in a week and that they have no bearing whatsoever on the election. They are nothing more than bread and circus. Beyond the fact that really, almost no one cares what Trump said a decade ago. I argue that this election has already been decided. I argue that the globalists want Trump in office, just as they wanted the passage of the Brexit. I argue that they need conservative movements to feel as though we have won, so that they can pull the rug out from under us in the near future. I argue that we are being set up.
Again, the elites are openly telling us what is about to happen. They are telling us that if ‘populists’ (conservatives) gain political power, the system will effectively collapse. To what extent is hard to say, but let’s assume that the situation will be ugly enough to influence the masses to reconsider the ideal of globalism as a possible solution. The elites are fond of the Hegelian dialectic and the philosophy of ‘order out of chaos,’ after all.”
While Trump did indeed go on to “win” the presidency, I still believe that the basic foundation underlying my prediction has mostly fallen on deaf ears. There is a disconnect in terms of the globalist long game in people’s minds. I think it is because many in the public do not consider the effects of geopolitical events on mass psychology. Or, to be more precise, many people, even in the liberty movement, forget that the ultimate goal of the globalists is not just to corrupt governments and monetary systems, but to corrupt our collective mindset.
As a perfect example, I will link to the latest globalist lunacy from the Pope, Jorge Bergoglio, in which he attacks libertarianism (true conservatism) as a dangerous form of individualism that threatens the fabric of the new and more progressive collectivist world.In terms of Western culture, recent events would indicate that globalists hope to enlist the newest generation to reach “maturity” (and I use that term loosely), the millennials, as a weapon to deal the death blow to conservatism. If not directly, then indirectly through propagation. That is to say, if the globalists can’t kill us off immediately, they will try to breed us and our ideas out after bringing down the hammer of economic and social crisis.
When I discuss what essentially amounts to a “war on conservatism,” what do I mean? Well, first let’s consider what it is about conservatives that presents a threat to the globalists…Limited Government
The basic core of conservative thought rests on the concept of limited or small Constitutional government. If you don’t believe in small government, you are not a conservative. Big (and centralized) government is the most vital tool in the hands of globalists. Without it, they would not be able to accomplish a single item on their agenda.
Big government requires big money. Thus, the central banking syndicate becomes “necessary” to the life of the nation or society because they have positioned themselves to provide the financing and fiat that greases the big government wheels. In a limited government system, central banking becomes irrelevant. It is therefore essential that globalist financiers diminish or destroy conservative principles of limited government because they represent a primal threat to the interdependent behemoth system they hope to create.
Sound Money True conservatives are sound money champions. This principle fell by the wayside for many decades but has made a resurgence since 2008 as more people have been awakened to the failings of central banking and fiat money. Sound money is basically money backed by a tangible commodity, money that cannot be created out of thin air. If it can be created out of thin air, it is not sound money.
Obviously, the very existence of a true sound money movement horrifies the globalists. Without fiat printing or digital currency systems (which can be created and re-created ad infinitum), the future of a global currency system, the pinnacle goal of the globalist economic scheme, is all but impossible.
Free Thought And Free Expression If you are in the business of controlling the thoughts and opinions of other people, then you are not a conservative. This is where we find distinct misconceptions, by liberals most of all, as far as what free expression is.
For conservatives, this means that if you are in a publicly funded space or on private property with permission of the owners, you should have the right to say whatever you like whenever you like (this includes so-called "hate speech", millennials and liberals). You should be able to make grievances known and to discuss those grievances in a constructive manner. It does not matter if your thoughts are offensive to some people; their feelings are meaningless compared to your freedom to speak in that space.
Leftists seem to think that freedom of expression means being allowed to invade the sanctity of other people’s private property or invade a public gathering with the intention of disrupting the free speech of others that they disagree with. My favorite argument presented by leftists is their argument that liberty proponents cannot kick them out of events or off of websites because “that would be a violation of our own principles and their free speech.” They don’t seem to understand the different between private and public or destructive and constructive. My other favorite argument leftists often use is their argument that it is an act of free speech when they disrupt other people’s free speech.
Hopefully you can see the difference between the two ideals. Leftists today seek to control speech and expression they see as “aberrant” or “evil.” Conservatives defend everyone’s right to speak as long as they respect the nature of the property they are standing on and do not abuse the owners of that property — this includes taxpayers, the owners of public property.
Freedom Of Association This is a very simple and straightforward liberty that has all but been crushed in our country today. Conservatives have this crazy idea that you should not be forced by government to associate with people you do not want to associate with. It does not matter why you don’t want to associate with them. The “why” has no bearing whatsoever. We feel that logic should dictate the situation. If you don’t want to associate with someone, why would they want to associate with you?
But, for some reason, certain people within our culture and within government believe that denying anyone association is discrimination, and, in a progressive and interdependent society, discrimination is unacceptable. I happen to think the ability to discriminate on an individual level is necessary to a healthy society. Discrimination only becomes dangerous when it is backed by government power.
The Right To Self Defense Many people are so disconnected from their own survival that the notion of “self defense” is alien and terrifying to them. They pay taxes so that “professionals” can handle their security for them, after all. Why should they need the means to secure themselves and their loved ones?
Well, what if the professionals you pay taxes for suddenly turn on you? Or what if they simply quit en masse one day? What if your attacker is 60 seconds from harming you and the closest law enforcement officer is six minutes away? In a conservative society, EVERYONEacts as security for themselves and others if needed.Globalists need to encourage a culture in which the population is always reliant on government for everything, including their own safety. The most effective form of control comes not through force, but through permission. The most successful tyranny is the one that the people demand rather than the one people barely tolerate.
Sovereignty All of these principles coalesce into the root principle of sovereignty — the inborn right to self determination. This might take the form of individual action or voluntary group action based on the freedom of association. A single person might seek to live on his own away from others in his own way, and he absolutely has the right to do this even if it annoys people for whatever crazy reason. A large group of people also have the right to cooperate, to build a system or even a nation based on a particular set of shared values and to have their borders respected or avoided by those with different values.
Conservatism, at least in its traditional form, is the vanguard of sovereignty. Without conservatives, sovereignty dies.Now that we have briefly summarized the conservative archetype, consider for a moment the predominantly progressive millennial generation; what values do they hold? This is not to say that all millennials think the same way, but what about the majority? In 10 years, what would a country like the U.S. look like when they move into power?
Also take into account the establishment push to instill millennial academia with open borders propaganda. In this article for the Washington Post, the president of George Mason University in Northern Virginia argues that open borders are the source of "innovation" and a better economy. Open borders philosophy cannot coexist with sovereignty. Sovereignty being a foundation for individualism and nationalism; open borders being a foundation for forced collectivism and a one world system. For open border ideology to continue forward, all sovereignty must be eliminated.
Here we find the socialist entrenchment within the younger population. To question its validity among them is simply not done. Through most of Europe, for example, to even describe one’s self as “conservative” is considered highly taboo. Many sovereignty activists there will instead list themselves as “classical liberal” (conservatives).In the U.S., the last true bastion of hardcore conservatives, there is a little more hope as Generation Z teens are showing signs of a conservative resurgence and a little more sense than their older millennial brothers and sisters. This is why I believe the globalists are focusing on the millennial subset; the millennials experienced the American world when they were children at its height pre-2008 and conjured grand dreams of career, success and technological ease. After the crash and subsequent end of college degree relevancy, they now feel jilted and put upon. Clearly “free markets” are the culprit and revolution is the answer.
Generation Z is growing up in the new and downtrodden economic landscape. They are accepting that harder work is necessary and that more freedom is paramount instead of demanding that entitlements be given to them. So, it would appear that the the globalists have a small window of time to stage a coup against conservative philosophy, install a new millennial generation as the captains of the ship and discourage Generation Z from continuing on the path towards what they consider a "terrible and ignorant" world view.
If you think that perhaps I am exaggerating the gravity of the situation, or that I am applying too much conspiracy to an otherwise random social development, I would like to cite Facebook mogul and globalist cabana boy Mark Zuckerberg, who in a recent speech to Harvard graduates asked them to “fight isolationism and nationalism” which he equated with “authoritarianism” and to support “openness and global community.”“This is the struggle of our time. This is not a battle of nations, it is a battle of ideas,” Zuckerberg stated.
Zuckerberg’s rant is just the most recent example of this propaganda in action. As I have been warning, the globalist strategy is to destroy opposing ideas, not just opposing groups. And clearly, they want to exploit the millennials to do just that.
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The Republic Has Fallen: The Deep State’s Plot to Take Over America Has Succeeded
By John W. Whitehead May 23, 2017
No doubt about it.
The coup d’etat has been successful.
The Deep State—a.k.a. the police state a.k.a. the military industrial complex—has taken over.
The American system of representative government has been overthrown by a profit-driven, militaristic corporate state bent on total control and global domination through the imposition of martial law here at home and by fomenting wars abroad.
When in doubt, follow the money trail.
It always points the way.
Every successive president starting with Franklin D. Roosevelt has been bought—lock, stock and barrel—and made to dance to the tune of the Deep State.
Enter Donald Trump, the candidate who swore to drain the swamp in Washington DC.
Writing in 1980, Gross predicted a future in which he saw:
…a new despotism creeping slowly across America. Faceless oligarchs sit at command posts of a corporate-government complex that has been slowly evolving over many decades. In efforts to enlarge their own powers and privileges, they are willing to have others suffer the intended or unintended consequences of their institutional or personal greed. For Americans, these consequences include chronic inflation, recurring recession, open and hidden unemployment, the poisoning of air, water, soil and bodies, and, more important, the subversion of our constitution. More broadly, consequences include widespread intervention in international politics through economic manipulation, covert action, or military invasion...
We’ve been losing our freedoms so incrementally for so long—sold to us in the name of national security and global peace, maintained by way of martial law disguised as law and order, and enforced by a standing army of militarized police and a political elite determined to maintain their powers at all costs—that it’s hard to pinpoint exactly when it all started going downhill, but we’re certainly on that downward trajectory now, and things are moving fast.
The “government of the people, by the people, for the people” has perished.
America is a profitable business interest for a very select few, and war—wars waged abroad against shadowy enemies and wars waged at home against the American people—has become the Deep State’s primary means of income.
After all, war is big business.
In order to maintain a profit margin, one would either have to find new enemies abroad or focus on fighting a war at home, against the American people, and that’s exactly what we’re dealing with today.
The citizenry taught to fear and distrust each other and to welcome the trappings of the police state.
Had the government tried to ram such a state of affairs down our throats suddenly, it might have had a rebellion on its hands. Instead, the American people have been given the boiling frog treatment, immersed in water that slowly is heated up—degree by degree—so that they’ve fail to notice that they’re being trapped and cooked and killed.
“We the people” are in hot water now.
As I make clear in my book Battlefield America: The War on the American People, the Constitution doesn’t stand a chance against a federalized, globalized standing army protected by legislative, judicial and executive branches that are all on the same side, no matter what political views they subscribe to: suffice it to say, they are not on our side or the side of freedom.
From Clinton to Bush, then Obama and now Trump, it’s as if we’ve been caught in a time loop, forced to re-live the same thing over and over again: the same assaults on our freedoms, the same disregard for the rule of law, the same subservience to the Deep State, and the same corrupt, self-serving government that exists only to amass power, enrich its shareholders and ensure its continued domination.
Learn the treacherous lessons of 2008 and 2016: presidential elections have made a mockery of our constitutional system of government, suggesting that our votes can make a difference when, in fact, they merely serve to maintain the status quo.
Start now—in your own communities, in your schools, at your city council meetings, in newspaper editorials, at protests—by pushing back against laws that are unjust, police departments that overreach, politicians that don’t listen to their constituents, and a system of government that grows more tyrannical by the day.
If you wait until 2020 to rescue our republic from the clutches of the Deep State, it will be too late.
The unsayable in Britain’s general election campaign is this. The causes of the Manchester atrocity, in which 22 mostly young people were murdered by a jihadist, are being suppressed to protect the secrets of British foreign policy.
Critical questions – such as why the security service MI5 maintained terrorist “assets” in Manchester and why the government did not warn the public of the threat in their midst – remain unanswered, deflected by the promise of an internal “review”.
The alleged suicide bomber, Salman Abedi, was part of an extremist group, the Libyan Islamic Fighting Group, that thrived in Manchester and was cultivated and used by MI5 for more than 20 years.
The LIFG is proscribed by Britain as a terrorist organisation which seeks a “hardline Islamic state” in Libya and “is part of the wider global Islamist extremist movement, as inspired by al-Qaida”. The “smoking gun” is that when Theresa May was Home Secretary, LIFG jihadists were allowed to travel unhindered across Europe and encouraged to engage in “battle”: first to remove Mu’ammar Gadaffi in Libya, then to join al-Qaida affiliated groups in Syria.
Last year, the FBI reportedly placed Abedi on a “terrorist watch list” and warned MI5 that his group was looking for a “political target” in Britain. Why wasn’t he apprehended and the network around him prevented from planning and executing the atrocity on 22 May?
These questions arise because of an FBI leak that demolished the “lone wolf” spin in the wake of the 22 May attack – thus, the panicky, uncharacteristic outrage directed at Washington from London and Donald Trump’s apology.
The Manchester atrocity lifts the rock of British foreign policy to reveal its Faustian alliance with extreme Islam, especially the sect known as Wahhabism or Salafism, whose principal custodian and banker is the oil kingdom of Saudi Arabia, Britain’s biggest weapons customer.
This imperial marriage reaches back to the Second World War and the early days of the Muslim Brotherhood in Egypt. The aim of British policy was to stop pan-Arabism: Arab states developing a modern secularism, asserting their independence from the imperial west and controlling their resources. The creation of a rapacious Israel was meant to expedite this. Pan-Arabism has since been crushed; the goal now is division and conquest.
In 2011, according to Middle East Eye, the LIFG in Manchester were known as the “Manchester boys”. Implacably opposed to Mu’ammar Gadaffi, they were considered high risk and a number were under Home Office control orders – house arrest – when anti-Gadaffi demonstrations broke out in Libya, a country forged from myriad tribal enmities.
Suddenly the control orders were lifted.“I was allowed to go, no questions asked,” said one LIFG member.
MI5 returned their passports and counter-terrorism police at Heathrow airport were told to let them board their flights.
The overthrow of Gaddafi, who controlled Africa’s largest oil reserves, had been long been planned in Washington and London.
According to French intelligence, the LIFG made several assassination attempts on Gadaffi in the 1990's – bank-rolled by British intelligence. In March 2011, France, Britain and the US seized the opportunity of a “humanitarian intervention” and attacked Libya. They were joined by NATO under cover of a UN resolution to “protect civilians”.Last September, a House of Commons Foreign Affairs Select Committee inquiry concluded that then Prime Minister David Cameron had taken the country to war against Gaddafi on a series of “erroneous assumptions” and that the attack “had led to the rise of Islamic State in North Africa”. The Commons committee quoted what it called Barack Obama’s “pithy” description of Cameron’s role in Libya as a “shit show”.
In fact, Obama was a leading actor in the “shit show”, urged on by his warmongering Secretary of State, Hillary Clinton, and a media accusing Gaddafi of planning “genocide” against his own people.
“We knew… that if we waited one more day,” said Obama, “Benghazi, a city the size of Charlotte, could suffer a massacre that would have reverberated across the region and stained the conscience of the world.”
The massacre story was fabricated by Salafist militias facing defeat by Libyan government forces. They told Reuters there would be“a real bloodbath, a massacre like we saw in Rwanda”. The Commons committee reported, “The proposition that Mu’ammar Gaddafi would have ordered the massacre of civilians in Benghazi was not supported by the available evidence”.Britain, France and the United States effectively destroyed Libya as a modern state. According to its own records, Nato launched 9,700 “strike sorties”, of which more than a third hit civilian targets. They included fragmentation bombs and missiles with uranium warheads. The cities of Misurata and Sirte were carpet-bombed. Unicef, the UN children’s organisation, reported a high proportion of the children killed “were under the age of ten”. More than “giving rise” to Islamic State — ISIS had already taken root in the ruins of Iraq following the Blair and Bush invasion in 2003 — these ultimate medievalists now had all of north Africa as a base. The attack also triggered a stampede of refugees fleeing to Europe.
Cameron was celebrated in Tripoli as a “liberator”, or imagined he was. The crowds cheering him included those secretly supplied and trained by Britain’s SAS and inspired by Islamic State, such as the “Manchester boys”.
To the Americans and British, Gadaffi’s true crime was his iconoclastic independence and his plan to abandon the petrodollar, a pillar of American imperial power. He had audaciously planned to underwrite a common African currency backed by gold, establish an all-Africa bank and promote economic union among poor countries with prized resources. Whether or not this would have happened, the very notion was intolerable to the US as it prepared to “enter” Africa and bribe African governments with military “partnerships”. The fallen dictator fled for his life. A Royal Air Force plane spotted his convoy, and in the rubble of Sirte, he was sodomized with a knife by a fanatic described in the news as “a rebel”.
Having plundered Libya’s $30 billion arsenal, the “rebels” advanced south, terrorizing towns and villages. Crossing into sub-Saharan Mali, they destroyed that country’s fragile stability. The ever-eager French sent planes and troops to their former colony “to fight al-Qaida”, or the menace they had helped create.
On 14 October, 2011, President Obama announced he was sending special forces troops to Uganda to join the civil war there. In the next few months, US combat troops were sent to South Sudan, Congo and the Central African Republic. With Libya secured, an American invasion of the African continent was under way, largely unreported.In London, one of the world’s biggest arms fairs was staged by the British government. The buzz in the stands was the “demonstration effect in Libya”. The London Chamber of Commerce and Industry held a preview entitled “Middle East: A vast market for UK defense and security companies”. The host was the Royal Bank of Scotland, a major investor in cluster bombs, which were used extensively against civilian targets in Libya. The blurb for the bank’s arms party lauded the “unprecedented opportunities for UK defense and security companies.”
Saudi King Salman and British PM Theresa May (Source: Stringer / AFP / Getty Images)
Last month, Prime Minister Theresa May was in Saudi Arabia, selling more of the £3 billion worth of British arms which the Saudis have used against Yemen. Based in control rooms in Riyadh, British military advisers assist the Saudi bombing raids, which have killed more than 10,000 civilians. There are now clear signs of famine. A Yemeni child dies every 10 minutes from preventable disease, says Unicef.
The Manchester atrocity on 22 May was the product of such unrelenting state violence in faraway places, much of it British sponsored. The lives and names of the victims are almost never known to us.
This truth struggles to be heard, just as it struggled to be heard when the London Underground was bombed on July 7, 2005. Occasionally, a member of the public would break the silence, such as the east Londoner who walked in front of a CNN camera crew and reporter in mid-platitude.“Iraq!” he said. “We invaded Iraq. What did we expect? Go on, say it.” At a large media gathering I attended, many of the important guests uttered “Iraq” and “Blair” as a kind of catharsis for that which they dared not say professionally and publicly. Yet, before he invaded Iraq, Blair was warned by the Joint Intelligence Committee that“the threat from al-Qaida will increase at the onset of any military action against Iraq … The worldwide threat from other Islamist terrorist groups and individuals will increase significantly”.
Just as Blair brought home to Britain the violence of his and George W Bush‘s blood-soaked “shit show”, so David Cameron, supported by Theresa May, compounded his crime in Libya and its horrific aftermath, including those killed and maimed in Manchester Arena on 22 May.
The spin is back, not surprisingly. Salman Abedi acted alone. He was a petty criminal, no more. The extensive network revealed last week by the American leak has vanished. But the questions have not.
Why was Abedi able to travel freely through Europe to Libya and back to Manchester only days before he committed his terrible crime? Was Theresa May told by MI5 that the FBI had tracked him as part of an Islamic cell planning to attack a “political target” in Britain?
In the current election campaign, the Labor leader Jeremy Corbyn has made a guarded reference to a “war on terror that has failed”. As he knows, it was never a war on terror but a war of conquest and subjugation. Palestine. Afghanistan. Iraq. Libya. Syria. Iran is said to be next. Before there is another Manchester, who will have the courage to say that?
Following the blast at the Ariana Grande Concert in Manchester last Monday, the MSM reported of an alleged terrorist attack which leads to heightened police security in the area.
Global Research News has a collection of incisive articles that provide an in-depth analysis of the occurrences in the UK. Read below.
In the early hours of the morning of the 23rd May – approximately 02.35 BST NDTV via the Washington Post stated quite categorically that:“U.S. officials, speaking on the condition of anonymity, identified the assailant as Salman Abedi. They did not provide information about his age or nationality, and British officials declined to comment on the suspect’s identity.
”This was published at a time when British police and security services were refusing to make any statements as to who they thought the perpetrators were because at the time, they were dealing with the immediate aftermath of the event. (Graham Vanbergen)
By Graham Vanbergen, May 23, 2017Their response will be to make political capital out of it and squander many more millions upon a domestic security system such as GCHQ, continue to strip us of our freedoms and civil liberties and treat us like the enemy, whilst our own die on the streets of Britain whilst a vile media takes full advantage.
While initial reports attempted to craft a narrative focused on a a “lone wolf” attacker who organized and executed the blast himself, the nature of the improvised explosive device used and the details of the attack revealed what was certainly an operation carried out by someone who either acquired militant experience through direct contact with a terrorist organization, or was directed by a terrorist organization with extensive experience.
Perhaps tougher legislation is coming. Following an emergency meeting, Prime Minister Theresa Mayacted as expected – elevating Britain’s threat level from severe to critical.Claiming another attack “may be imminent” is part of her fear-mongering strategy, an effort to convince Brits they’ll be safer by sacrificing fundamental freedoms.
Quite how unnamed ‘US Officials’ wishing to remain anonymous correctly identified the exact individual exactly four hours after the incident from 3,500 miles away is anyone’s guess, particularly when British police and security services continued to make no such statement.
Here’s what the media and politicians don’t want you to know about the Manchester, UK, suicide attack: Salman Abedi, the 22 year old who killed nearly two dozen concert-goers in Manchester, UK, was the product of the US and UK overthrow of Gaddafi in Libya and “regime change” policy in Syria. He was a radicalized Libyan whose family fled Gaddafi’s secular Libya, and later he trained to be an armed “rebel” in Syria, fighting for the US and UK “regime change” policy toward the secular Assad government.
Given that the Manchester terrorist was a product of the interventions in Libya and Syria, it’s time to have an adult discussion about what it will take to stop terrorism.* * *
Truth in media is a powerful instrument.Global Research is a small team that believes in the power of information and analysis to bring about far-reaching societal change including a world without war.
James Comey’s stunning televised judgment against prosecuting Hillary Clinton was not a decision to protect the Clinton crime family or Comey’s personal and family involvement with the Clintons over decades. It was a battle tactic designed to protect Barack Hussein Obama - the globalist elite’s presidential puppet on a string.Barack Obama is not the prime mover of anything - he is a malignant narcissist pawn whose easy smile and sophisticated multi-cultural appearance made him the perfect candidate to dupe America into following him down the path of cultural suicide toward socialism and ultimately the imposition of globalist elite one-world government. Obama is a media construct mentored by his radical Muslim father, radical socialist teacher Saul Alinsky, radical preacher Jeremiah Wright, and black separatist friend Louis Farrakhan. Barack Obama is a pawn of the globalist elites - the perfect con man.
Puppet-in-chief Barack Obama is first and foremost a community organizer. Barack Obama was groomed for his mission to bring “hope and change” to America but it was not the hope or change that most Americans understood those words to mean. Barack Obama became president with the specific task of transforming America from a strong democracy to a weak socialist state. Socialism with its cradle-to-grave government control is the necessary stage before imposition of one-world government.One must never underestimate the influence of a community organizer. Puppet-in-chief Barack Obama is first and foremost a community organizer. He started in Chicago, moved on to the White House, and now leads a shadow government of Leftist anarchists determined to delegitimize and destroy Trump’s presidency with a “resistance” movement. WHY?
Obama’s motives are ideological - he is an anti-American pro-Muslim son of a radical anti-American Muslim Kenyan. Barack Obama spent eight years fulfilling the dreams of his father to weaken/destroy America by weakening the American military, perverting American education toward socialism, de-industrializing America, collapsing the American economy, and seeding the US government with Muslim Brotherhood members/sympathizers whose mission is to destroy America from within. Obama followed Saul Alkinsky’s playbook Rules for Radicals explicitly.
Joining him was Hillary Clinton, also a globalist student of Saul Alinsky, (Editor's Note: Hillary Rodham submitted a 92 page senior thesis at Wellesley College "There Is Only the Fight: An analysis of the Alinsky Model" on nihilism, subversion and revolution) but greedy crooked Hillary’s motives were monetary - she and Bill enriched themselves enormously during her tenure as secretary of state with her pay-to-play sale of influence, the Clinton Foundation, and with their obscene money laundering pay-to-payoff speaking fees.
Barack Obama was the most lawless president in US history - his stunning executive overreach was rivaled only by his greater crime of corrupting the impartiality of the US government by politicizing its agencies and using them to advance his personal political goals to weaken America. Obama also seeded his administration with left-wing liberal operatives determined to help him “transform” America. His lawless administration embraced an “ends justifies the means” philosophy that is the infrastructure of tyranny. Crimes and the coverups.
Beginning with Eric Holder, Loretta Lynch, Susan Rice, Lois Lerner, Hillary Clinton, James Comey, James Clapper, John Brennan, Samantha Power, John Kerry, Ben Rhodes, Nancy Pelosi, Harry Reid, Chuck Schumer, John Podesta - the list goes on and on and on - their crimes and the coverup makes Watergate look like a kindergarten play. To stop the investigation into their crimes the Trump’s presidency is being deliberately stalled by activist judges in the courts and hysterical calls for his impeachment. The fake news, fake accusations, fake allegations echoing ad nauseum by the colluding mainstream media are all coordinated battle tactics to destabilize and discredit Trump and remove him from office to end the investigations and protect Obama so that he can complete his mission to destroy America.
Barack Obama’s crimes were designed and facilitated by the globalist elites who required the divisiveness and social chaos that Obama’s anti-American policies created in preparation for full transformation by legacy candidate Hillary Clinton. Crooked Hillary was already a pawn of the globalist elites fully complicit in their goals to socialize America. Disingenuously billed as altruism with the promise of social justice and equality the Obama/Clinton collectivist policies were actually designed to de-industrialize America, collapse the American economy with untenable trade deficits, and indoctrinate American students with Common Core disinformation, political correctness, moral relativism, and historical revisionism. Their policies were designed for the destruction of American democracy and transformation into socialism - the necessary step before internationalizing American interests and imposing one-world government. Being with HER was supposed to clinch the globalist deal.
But then the unthinkable happened - Hillary lost - and the entire globalist elite plan fell apart. First came the shock, then came the hysteria, and then the coordinated deliberate ongoing effort to overthrow Donald Trump’s government. Obama’s “resistance” movement is two-tiered. The top and obvious purpose being to topple America-first nationalist Donald Trump but underneath is the coverup of the multiple crimes of the Obama administration. Jeff Sessions has begun the arduous task of exposing the criminals in the swamp and it is extremely dangerous for the Left but far more dangerous for those who pull their strings - the globalist elites.
The globalist elites simply cannot allow their most potent weapon, Barack Hussein Obama, to be exposed for the criminal that he is.
The globalist elites simply cannot allow their most potent weapon, Barack Hussein Obama, to be exposed for the criminal that he is because then he would be immobilized and unable to lead their phony “resistance” movement to overthrow the government. Bringing down constitutionally elected President Donald Trump brings down America because it delegitimizes our constitutional elections - it is anarchy.
President Donald Trump is the symbol of American sovereignty and America-first policies - the greatest obstacle to one-world government. Trump is peeling back the multiple layers of Obama’s lawless anti-American presidency. The coordinated effort to destroy Donald Trump is a giant cover-up to protect the secrets of Obama’s criminal administration. The globalist elite are desperate to stop Trump because if Obama is exposed it leaves them without their popular prime puppet to continue marching America toward anarchy and social chaos.
The clock is ticking. If Donald Trump is successful in making America safe and great again by restoring law and order and re-industrializing America with jobs jobs jobs - he will be unbeatable which means that the globalist effort to destroy America begun after WWII has finally failed. The globalist elites are running out of time because Jeff Sessions is onto them and will not stop until their sinister plan to destroy America is exposed and they are defeated.
Linda Goudsmit is a devoted wife, mother, and grandmother. She and her husband owned and operated a girls clothing store in Michigan for 40 years and are now retired on the beach in sunny Florida. Linda graduated from the University of Michigan in Ann Arbor, earning a B.A. in English literature. Having a lifelong commitment to learning, she is an avid reader and observer of life. She has shared her thoughts, observations, and philosophy of behavior in her book DEAR AMERICA Who’s Driving the Bus? Linda is currently working on a children’s book series titled Mimi’s STRATEGY that offers helpful problem solving techniques encouraging resourcefulness and critical thinking skills for kids.
Rothschild Mouthpiece - The Economist Plot - Note Date On The Coin - Reset 2018
Globalists Have Placed 22 Nation-Ending Crises On America’s Doorstep
America has ventured into unprecedented times. Everyone of our crises are created by the globalists which is intended, in my humble opinion, to collapse our country after plundering it for everything that it is worth.
Let’s being the analysis in an obscure place that could have great relevance to our country. We see rioting in the streets in Venezuela over the food lines over the past year. Subsequently the food lines in Venezuela are a sight to behold and remember, that according to FEMA, Americans are only nine meals away, as a nation, from repeating the same exact thing here in America. Please allow me to digress.
The US military is now conducting military maneuvers right next to Venezuela. Are we preparing to crush this country’s new-found spirit of populism? The situation in Venezuela is critical to understand and it has profound implications for the citizenry inside the United States. America’s combat troops largely come from the average, every-day rank and file of the people. If push comes to shove, many, if not most, will join with the people in a popular uprising and this is being proven in Venezuela as I write these words.
Our present set of crises which has beset this country is unprecedented. I did an historical search to see if there ever was a time in American history where we had so many crises going on at the same time and the answer is that there has never been a time like this.
The Establishment Has Practiced for the Eventuality That the Military Would Join with the People In a Crisis.
Our veterans are among the harshest critics of the government and the establishment as they understand that entity to be. Last year in Jade Helm 16 (i.e. UWEX 16), ARSOF and conventional military practiced a campaign, at four Texas military bases for countering American military units that had gone rogue and were waging a guerrilla war against the establishment.
This was a continuation of Jade Helm 15 in which the extraction of civilian undesirables was conducted. Clearly, the establishment is preparing for massive civilian unrest and the defection of many/most of our troops like what we are witnessing in Venezuela. This is why I believe so many of our combat troops are outside the country at this time.
Current List of Globalist Crises Directed at America
In no particular order, here is a partial list of the monumental challenges faced by America:
War with N. Korea War with Syria War with Iran War with Russia over Syria and Iran
Involvement in African civil wars
Sending troops to the border of Russia from Ft. Carson
Allowing Russian and UN Peacekeepers on American soil
Allowing Chinese military front groups (eg Cinta) to man the Chinese solar energy farms populated by their disguised military.
Obama allowing Chinese to take over the Port of Long Beach, thus giving the Chinese a foothold for a land invasion of the United States at a time when America is vulnerable.
The Oroville Dam is in grave danger and threatens 2.5 million people, a collapse will wipe out the world’s largest vegetable crop and second largest rice crop in the world, thus, producing famine conditions. The dam break would shut off 25% of America’s retail shipments across the country and would lead to an economic collapse of the retail and food industry as we now know this “just in time” delivery of critical resources, including medicine, that we have become accustomed to.
All signs are that the US is preparing to open a new front, most likely under the guise of the UN, in Venezuela in order to stop their new found populism.
So-called Pedogate is picking up steam and forcing the establishment participants into a desperate situation where any false flag is probable in order to draw attention away from the tightening noose coming out of the Trump administration.
The national debt is approaching $21 trillion dollars and remember, the US government only takes in $2 trillion dollars per year.
The unfunded and mandated liabilities (Social Security, Medicare, Medicaid, etc.) now amount to a hefty $240 trillion dollar debt.
We, the United States people, owe the bankers through the bail outs due to the failed credit swap derivatives debt, $1.5 quadrillion.
The interest alone on the bail-outs is $505 trillion dollars per year.Jade Helm 15 practiced hauling off Americans off to concentration camps.
Most American combat troops and naval personnel are outside the country and would be unable to stand with the people in some created crisis as we are seeing Venezuela.
UWEX (Jade Helm) 16 rehearsed fighting against rogue US military units, standing with the people, who have gone guerrilla.
We live in a country where the President is exercising control over many domestic issues but has not wrestled away control of the Deep State’s dominance over foreign policy and the Pentagon. This is the stuff that civil wars are made from.
The newest 800 pound gorilla in the room is the wannacry ransom virus which is obviously being perpetrated by the NSA/CIA in order to promote global economic instability and possible World War III.
Because of George Soros, Obama and Clinton front groups, America has never been more divided. I could go on, but you get the idea.
The Stock, Real Estate and Bond Market Crash and coming Greater Depression and Devaluation
There has never been time like this in the history of our country and this is why personal preparation has never been more important.Conclusion
You, as citizen should be working for the ousting of all incumbents in Congress in 2018, if we have that long.
Also there are some personal preparations that you should have been making all along. It is never too late to start. A little preparation is better than nothing.
Convert much of your cash to precious metals
Store Food, Water, Guns (training as well), Ammo
Stockpile prescriptions, necessities and mattress cash as much as you can
Bible and lots of prayers
As I stated in the beginning, there has never been a time like this in America.
To the effect of Alinsky’s Rule #13 as used by the “Deep State” and FBI Director Comey’s “Russia hysteria” meme, this report continues, it cannot be underestimated either as a new poll conducted by the Connecticut-based Quinnipiac University shows that “idiot, incompetent and liar” were the most commonly given answers when respondents were asked for the first word that comes to mind when they think about President Trump—with other less-than-flattering descriptors being “buffoon, con-man, clown, narcissistic, bigot and embarrassment”.
Not being understood by the American people, SVR intelligence analysts in this report say, is that their present capitalist economy is incompatible with those of socialist-communist ideology—but in order to turn a democracy into a communist state where citizens are reduced to serfdom (enslavement) the health care systems must be nationalized—but will collapse the nation as Soviet Russia discovered.
In knowing this fact, this report continues, the failed attempt to nationalize the United States healthcare system through what is called Obamacare as a first step towards achieving true communist (elite) rule is why the “Deep State” must destroy President Trump—and why the end of this month is so critical as the “swamp continues to be drained”.
Beware Globalists Targeting Trump Plot
If Trump Falls, So Does America
This is Part Three of a three part series which details why Trump must be removed from office, from a globalist perspective and the methods/results that would follow such a removal.
Why Trump Must Go
From a globalist perspective, Donald Trump must go and he must be gone quickly. Although the Deep State/globalists have clear control of American foreign policy, they do not totally control Attorney General Jeff Sessions and President Trump.
To the globalists, Trump is still very dangerous as evidenced by the following:
1. Sessions’ recent actions led to the prosecution of 90 child-sex-traffickers. With each successive set of arrests and convictions, Sessions is working his way up the trafficking ladder and some very big names are appearing on the horizon. There are strong rumors that Abedin and Weinver may have to turn state’s evidence in order to survive what will be a massive purge to protect the kingdom of this unholy and hedonistic practice. Sessions is accomplishing what the investigators at Penn State could not, namely, the prosecution of the next higher-up layer of traffickers. Sessions must be stopped and the only sure way to do so is to cut the head off of the snake, which means the removal of Trump from office.
2. Trump himself is posing a major threat to the existing order. Trump has been making the wrong kind of noise, namely, he’s been making Glass-Steagall noise. Very quitely, and going almost unnoticed, Trump is dead set on stopping the bleeding of the American economy. A Glass-Steagall reintroduction would prevent banks and financial brokerages from covering bad debt investments with the collateral from their financial resources, thus endangering their depositer’s investments. In other words, the Ponzi Scheme known as Credit Swap Derivatives would not be able to leverage the credit rating of a bank, or the underwriting from a brokerage. The Wall Street crooks which wrecked our economy in 2008, would go broke themselves under a new Glass-Steagall Act. The new arrangement could negate the bail-outs. In 2015, the interest on the Credit Swap Derivatives was $505 trillion dollars based on an estimated debt of $1.5 quadrillion dollars. This act by Trump would essentially constitute a form of debt repudiation and this debt repudiation is the only way that the Americna economy will survive. This is the equivalent of Lincoln’s Greenbacks plan following the Civil War. It is also the equivalent of JFK’s silver certificate “C-Notes”. And what happened to both Presidents? They were summarily executed by being shot in the head.
Methods of Removing Trump From Office
In Part Two, I reported that a very clear picture was beginning to emerge as the Deep State has settled into a progressive three-tiered approach to removing President Trump from office.
The initial plan was to compile the false Russian allegations from places like the New York Times and the Washington Post and impeach Trump under some provision, such as trading with the Trading with the Enemies Act. By the way, this was the act that Prescott Bush violated during WW II as continued to trade with the Nazis. Prescott Bush was the father of George H.W. Bush. This plan to remove Trump from office has been impaired by the fact that Trump is on the verge of war with Russia which destroys the argument for taking Trump out of office. What is the likelihood that a revolution would result from this action?
RESULT: PROBABLE REVOLUTION
It has been widely reported that certain key members of Congress have been secretly meeting and planning to take Trump out of office under the disability clause of the 25th Their primary target has been the perceived mental illnesses of the President, most of which could be considered to be Paranoid Personality Disorder. This “data gathering” is designed to influence the Cabinet as they would be the ones responsible for casting the vote to remove the President from office. What is the likelihood that a revolution would ensue if this strategy were to be implemented by the globalists?
RESULT: PROBABLE REVOLUTION
The assassination card is the third and final stop in this progressive approach to remove the President. What is the potential for revolution if Donald Trump were to be assassinated?
RESULT: DEFINITE REVOLUTION
Globalist Intent Determines Strategy
What strategy would be employed to take Trump down? It depends on the immediate goal of the globalists. If the globalists seek to totally destroy the new-found populism, which emerged during the Trump campaign, then assassination is most likely. In the aftermath of an assassination, the populists are drawn into the conflict and lethal crowd control would be employed. The followup would consist of mass arrests and incarceration, Stalinist-style. Please note that in this scenario, we would be quickly educated about how many malls can be converted to prison camps in the blink of an eye. This scenario would provide America with an automatic civil war.
I have concluded that unless Trump backs off, he will be the next JFK.The Russian strategy to remove Trump has largely come and gone. The use of the 25th Amendment is a long shot. That leaves Trump and globalists to the bottom line. Trump must stop what he’s doing or face the historical consequences.
In Venezuela, where a human holocaust is unfolding, the predictable is happening. The military is defecting to stand with the people. This is what Jade Helm 16 (i.e. UWEX 16) was all about. And this is why all the UN troops are here. They will serve as the enforces for the globalists. I just provided for a scorecard of the participants of the next civil war.
The Trump Card
If the globalists seek to minimize citizen backlash, in the aftermath of an assassination, they would need a major distraction. A Trump replacement would need to appear to be on the side of the people and seeking justice for Donald Trump. He, presumably Pence, would need an instant boost in popularity to lessen resistance. What kind of event could provide this type of insurance. The only answer is a dramatic false flag event.
This is mere speculation, but if the Oroville Dam were to break, that crisis would provide the type of distraction distraction by the globalists. It would also make the new President, appear presidential and perhaps have a calming effect.
I have covered how it appears that HAARP has been brought to bear in the crisis. Certainly, with the Spring run-off coming, the dam is in big trouble, with or without HAARP.
If the Oroville Dam were to break, the following variables would come into play.
1. From Oroville to Sacramento, 2.5 million people be put in immediate jeopardy
2. Famine would result because the Central Valley of California produces the second most rice in the world. Also, it leads the world in winter fruit and veggies. Nothing would grow for 4-5 years
3. A full 25% of the nation’s trucking as it relates to retail commerce comes from California and all the westward routes would be underwater. The economy would come to a standstill.
4. The UN troops on our soil would gain a foothold of control as they would spring into action under the guise of humanitarian aid. In effect, they would be facilitating the coup in my humble opinion.
Conclusion In my very humble opinion, the country’s future hangs in the balance. Never before, has America ever been at these specific crossroads.
And what is most amazing is that the globalists are on the verge of pulling this off with almost complete stealth.
To the success of the communist indoctrination agenda in the United States, though, this report says, it is showing the same results as what occurred in the former Soviet Union where without Christian morality crime ran rampant—and as evidenced in America where new reports show that 51% of this nations murders are taking place in just 2% of its counties—all of which are leftist communist cities controlled by radical Democratic Partyoperatives.
For over 50 years, I’ve extensively researched thousands of human societies throughout the world, with all them having one single connection throughout all time—people agreeing to live with each other based upon a set of mutually accepted norms, that are called “laws”.
Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior, and from our most ancient times when small groups of nomadic peoples roamed the vastness of our Earth, to today’s gargantuan nation states having populations in the hundreds-of-millions and billions, all were made possible by people agreeing with each other in how they would live with each other.
From the most open and free societies one can imagine, to the cruelest and most despotic regimes the human mind could conceive, all have been governed by laws—some being secular in nature (denoting attitudes, activities, or other things that have no religious or spiritual basis), with others being based upon religious beliefs.
And in all of recorded history, the laws people choose to live by, or were forced to adhere to, were known by everyone who lived under them—except for today!
The reason this is so is because the United States, barely a month ago, became the first society in all of recorded human history to outlaw its citizens from knowing the laws they live under!
You haven’t heard about this because while it’s simple to understand, its complexity has been lost on both the citizens of America and, most importantly, its mainstream propaganda media—all of whom, scientists have recently reported, now have a shorter attention span than a goldfish.
To those of you non-goldfish types who have read this far, here are the facts:
The reason for the Americans having so many laws they can’t even count them anymore is due to what is called “incorporated by reference” (IBR)—which is the act of including a second document within another document by only mentioning the second document.
But even this seemingly impossible task didn’t stop Carl Malamud from his doing his work, with his knowing that all of these laws, and their associated IBR’s, were enacted using taxpayer money—therefore making them the property of the American people—and if anyone has a right to know what the laws are that they are living under, it is them.
There is reason that no one in the West has published a computer-model of a US-Russia nuclear war, because doing that would be unacceptable to the Western elites. But who, in 2014, did do a limited, regional nuclear war scenario between India and Pakistan—that was computer-modeled and projected a global ozone-depletion leading to the coldest average surface temperatures in the last 1,000 years that would trigger a global nuclear famine—and projected the use of just 50 nuclear bombs, instead of the 10,000+ that would be used in a World War III scenario.
The highly respected and esteemed American author and anti-war activist Justin Raimondo was, indeed, correct in is stating that “paranoia used to be considered a form of mental illness: today it is regarded as just another ideology”—after all, THEY really are out to get YOU, and you know it!
Standing between THEM and YOU, though, are people like us who live every day on the front lines of this war in order to protect you by keeping the truth flowing—and at great sacrifice, personal risk, and expense.
We cannot survive, however, without YOU aiding us—and as I remind you all every month.
Today is different as the storm clouds grow ever closer to your very doorstep—and out of fear you fail to act—but that history has always proven is not very good survival strategy.
And remember too, survival in this war isn’t about just your life, but your very soul!
So while there is still time, and still hope, give what you can so that we can continue our mission to help you—all the while remembering that the TRUTH is more powerful than their lies—just more people need to hear it.
21 April 2017
Internet Privacy Is Gone Plot
If Trump Signs the Internet Snooping Plot Bill, It Will Mean Both the President and Congress Will Side With the Corporations For the Next Four Years & We Are Toast!
Yesterday, 60 Minutes aired a segment on “fake news,” which featured correspondent Scott Pelley interviewing several guests as per their typical style. Regarding the guests, it was shocking to see Mike Cernovich of Danger & Playinvited to be a part of the segment… and that he accepted. He clearly knew 60 Minutes would not paint him in a fair light with their editing, but it was shocking to see 60 Minutes air a portion of the interview near the end of the segment where he said as much:
Michael Cernovich: I’m a skeptical person. And I know that there’s a lotta people gunnin’ for me. So I’m not gonna be reckless.Scott Pelley: Who’s gunning for you?Michael Cernovich: You are! I’m on 60 Minutes! Right?Scott Pelley: What do you mean we’re gunning for you?
Michael Cernovich: Do I really think that you guys are gonna tell the story that I would like to have told? No. Your story’s gonna be, “Here’s a guy, spreads fake news, uses social media and these social media people better,” I know the story you guys are doing before you do it.
It was hardly the only one-sided story told in the segment. The segment began with the story of a nutcase who tried to barge into Comet Pizza, owned by James Alefantis, in response to the “Pizzagate” story that was trending at the time. Predictably, CBS painted the story as “fake news”:
The story of Secretary Clinton’s child sex-trafficking operation, in a pizzeria, was invented before the election by fraudulent news sites and shared by millions. James Alefantis owns the restaurant.
The introduction to the segment portrayed Alefantis as “just another guy” who happens to own a pizzeria at the heart of an internet conspiracy. The reality about Alefantis couldn’t be further from the truth. As I detailed in my original Pizzagate article, Alefantis is listed as the 49th most powerful person in DC, is very close with the Podesta brothers (John Podesta did run Hillary’s campaign), has visited the White House at least five times during Obama’s presidency, once posting a picture of Obama playing ping-pong with a child in the oval office.
And, perhaps most importantly, he used to run the Instagram account “jimmycomet” and not only did he post images of himself hobnobbing with the nation’s elite, there were many disturbing images connected to his Instagram account and the Comet Ping-Pong pizzeria he owns, which is known to cater to hosting parties for children.
There’s a whole backstory on Alefantis and Comet Pizza here, here, and here, but it should go without saying that he is anything but the “casual pizzeria owner” he was depicted as at the start of the 60 Minutes segment. And while I’m not condoning the actions of a random idiot shooting up Comet Pizza to “save the children”, 60 Minutes is going out of their way to represent Alefantis as “just another guy,” willfully choosing to omit details about Alefantis’ scandalous history that might cause their viewers to think otherwise about the man.
Turning to a portion of the interview with Cernovich, and to their credit, 60 Minutes (rightfully) focused on the news stories Cernovich publishes on his website, avoiding an all-out character assassination which would have brought up many other articles and Tweets in the “manosphere” that Cernovich has been responsible for. While they earned some credibility by avoiding commentary on Cernovich’s unrelated publishing history, as well as a false rape accusation against him that has shaped his views on the topic, they quickly lost it by how they questioned his story on Hillary’s health.
Michael Cernovich: She had a seizure and froze up walking into her motorcade that day.Scott Pelley: Well, she had pneumonia. I mean–Michael Cernovich: How do you know? Who told you that?Scott Pelley: Well, the campaign told us that.Michael Cernovich: Why would you trust the campaign?
Scott Pelley: The point is you didn’t talk to anybody who’d ever examined Hillary Clinton.
Michael Cernovich: I don’t take anything Hillary Clinton is gonna say at all as true. I’m not gonna take her on her word. The media says we’re not gonna take Donald Trump on his word. And that’s why we are in these different universes.
And in case you didn’t believe that 60 Minutes was that dismissive of Cernovich, here’s what Scott Pelley said into the camera immediately following Cernovich’s commented highlighted above:
Cernovich’s website is just one of hundreds publishing nonsense on the right and on the left.
The segment went on to interview Jestin Coler, a liberal Democrat from Culver City, California who is allegedly the “godfather” of “fake news”, using bots to both push his stories and to make them seem more popular than they are. He has given interviews to liberal outlets, including MSNBC, NPR, and Vanity Fair, but it took Breitbart to really unmask him for what he was – a Hillary voter who pushed actual fake news stories in an attempt to subvert the right:
Once Coler agreed to an interview, he told NPR that the purpose of starting his fake news empire in 2013 was “to highlight the extremism of the white nationalist alt-right” — or, in Coler’s exact words: “The whole idea from the start was to build a site that could infiltrate the echo chambers of the alt-right, publish blatantly false or fictional stories, and then be able to publicly denounce those stories and point out the fact that they were fiction.”
Does he strike you as the kind of guy who would promote a story on a right-wing article if it were 100% true? But still, this is the “unbiased” source 60 Minutes chose to interview.60 Minutes then spoke with Phil Howard, who “leads the Internet Institute at the University of Oxford which examines misinformation on social media,” and notably stated the following:
The junk news with stories that had not been fact-checked and that came from organizations that were not professional journalism organizations, was about as much as the amount of content coming from the professional news organizations.
Yes, CBS and 60 Minutes are the pinnacle of “professional” journalism, which dismissed Cernovich’s claims about Hillary’s health as “nonsense” by providing no factual evidence whatsoever to refute them beyond stating to the viewers that “the campaign told us that.”
The segment ended with the following commentary from Cernovich and Pelley and one last “zing” from 60 Minutes:
Michael Cernovich: Do I really think that you guys are gonna tell the story that I would like to have told? No. Your story’s gonna be, “Here’s a guy, spreads fake news, uses social media and these social media people better,” I know the story you guys are doing before you do it.
Scott Pelley: What’s wrong with that story?
Michael Cernovich: Because it is an agenda. Another story is, “Here is a person who is able to bypass traditional media outlets, reach people directly, to tell a story. Maybe he’s a good guy, maybe he’s not.” I’m not going to serve as a mouthpiece for anybody.
Never in human history has more information been available to more people. But it’s also true that never in history has more badinformation been available to more people. And once it’s online, it is “news” forever.
The last line of the segment seems to be a parting shot designed to scare those who would dare to publish content on the web who are “not a part” of traditional news outlets. Yet, the comment in and of itself, as well as Cernovich’s “story” about himself, is demonstrative of the truth regarding media today – the traditional mainstream media outlets are losing the monopoly they have held for decades, and they are fighting a losing battle to save their own hides, while dismissing anyone who dares to compete with them as “nonsense” from their ivory towers. For the record, I like Cernovich’s alternative angle on the news, as well as a lot of the content he publishes. But just like the mainstream media, I certainly don’t believe everything Cernovich says, nor would I take anything he publishes as gospel. But, like him or not, he and so many others like him all across the political spectrum are popular because they are bypassing the “filter” of traditional mainstream media to reach people directly.
Gone are the days where the only national news you were able to get was at 6:30PM on one of several different networks – nowadays, the news is constant, anyone with an internet connection (including Free Market Shooter) can tell their story, and it is up to the readers to interpret the “real” and “fake” stories as they see fit. Youtube upstarts are reaching more and more people than traditional media, with less and less legacy costs, despite attempts to subvert their right-leaning politics. The business model in media is changing, and it is changing at a pace and in a way that has left the legacy mainstream media outlets unable to adapt and compete.
The fact that 60 Minutes feels they need to do a segment, with their as-usual ridiculous bias masquerading as “professional” journalism, is proof enough – they are scared to death that alternative media will put them out of business. They are fighting back against the threat to their business model, but if you watched the segment, you’d realize that their efforts will be in vain. The internet has made traditional news outlets a relic, who mostly all repeat the same story from the same source, oftentimes from a “source” who will only continue sharing content and information as long as the stories are told the way the source wants/needs them told. It is only a matter of time until this business model explodes, and it can’t happen soon enough.
"Give me control of a nation's money and I care not who makes the laws." "We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent." ~ Rothschild
Obama Cocaine Smuggling Plot
Obama "Lady Michelle" Vessel - Busted with 4.2 Tons Cocaine Worth $125 Million Obama Flees - French Protectorate Tahiti
Obama Flees after DRUG Bust on Lady Michelle
Re: Anonymous - Obama Flees after DRUG Bust on Lady Michelle
Here is a transcript from page (not copyrighted material), in case the voice annoys you.
Greetings World, We are Anonymous.
Former President Barack Obama fled Washington D.C. this past Friday (10 March) traveling to New York City, Omaha, San Jose, and ending up in Hawaii, all occurring within 36 hours while he sought elite allies to defend him, and keeping him a head of investigators from the Financial Crimes Enforcement Network of the US Department of the Treasury, seeking to interview him, about one of the largest drug busts in American history occurring in the Caribbean aboard a fishing vessel named the Lady Michelle.
Nearly immediately upon taking office as President Donald Trumps Attorney General, Jeff Sessions, as head of the US Department of Justice, was handed a top secret file by Federal Bureau of Investigation Director James Comey, detailing the nearly two-decade long crimes of 12 current, and former, security and intelligence officers belonging to the Transportation Safety Administration who for at least 18 years under both the Bush and Obama regimes had smuggled into the United States at least $100 million worth of cocaine.
Four days after Attorney General, Jeff Sessions, received this top secret file on these Bush-Obama regime drug criminals from Director Comey, he ordered their immediate arrest, and that was meant to coincide with former President Obama being out of the United States as he was vacationing in the Virgin Islands.
Upon their learning that Attorney General, Jeff Sessions, had ordered the arrest of this Bush-Obama regime TSA criminal drug ring, accomplices of former President Obama vacationing with him in the Virgin Islands attempted to contact a Guyana national named Mohamed Nazim Hoseain, whom the SVR had previously identified as being an organizational member of the Islamic terror group known as the Muslim Brotherhood, and that President Trump is now preparing to name as a terror organization too.
Mohamed Nazim Hoseain, was unable, however, to be contacted by former President Obama accomplices as the fishing vessel he was the captain of, named the Lady Michelle, was dead in the water about 70 miles off Paramaribo, in international waters after all of its electronics had been disabled by a US Navy EA-6B Prowler electronic warfare aircraft, and that shortly afterwards, on 16 February, it was boarded by the US Coast Guard whom discovered over 4 tonnes of cocaine valued at $125 million, and was the largest US drug bust in the Caribbean since 1999.
Arrested with Mohamed Nazim Hoseain aboard the Lady Michelle drug ship, were Richard La Cruz, Neville Jeffrey, and Mark Anthony Williams, all of whom were remanded to US custody in the Virgin Islands just hours after former President Obama accomplices flew out from there on a private aircraft.
As to the Lady Michelle fishing vessel used by these cocaine smugglers, its Saint Vincent registration showed it being owned by the Argyle International Airport Development Company, and whom the US Coast Guard returned custody to under existing international treaties between these two nations.
Critical to note about the Argyle International Airport Development Company, though, is that its sole business is the Argyle International Airport on Saint Vincent whose first ever flight into was on 14 February by a private charter aircraft from Mexico, and that upon this charter planes arrival, the Lady Michelle was in port awaiting departure, and whose real purpose has long been suspected to be for smuggling purposes:
“Forget the tourists, there is something much more lucrative afoot. It is whispered that recently cocaine barons have injected US$400 million into a group within the Vincentian government for help with setting up an improved link into the US of South American cocaine. There are five areas of concern for the South American investors.
1. for the SVG ruling regime to be kept in power at any cost.
2. the completion of Argyle Airport.
3. the control of the abandoned fishery units at Bequia and Owia.
4. tight control and implication of the police and coast guard.
5. control of a working shipyard for the secret alteration of internal structures of vessels.
6. building of a new shipping container port and facility.
The whole operation is compartmentalized so as no group or individual within the grouping knows everything. Those involved are high ranking Vincentian government officials, Venezuelans, Panamanians and, most importantly, Colombians.
According to fishermen, Venezuelans have already inspected the fishery installations with the view of acquiring them. It is alleged that Venezuelans are involved in the new lease of the Ottley Hall shipyard complex. Venezuela is involved with building our airport at Argyle.”
Further raising fears that the Argyle International Airport is being used by drug smugglers linked to former President Obama, was that barely a month a prior to his leaving office, in December, 2016, he quietly signed a new law called the United States, Caribbean Strategic Engagement Act that, in essence, would allow the Central Intelligence Agency to secretly lease this entire airport and fishing boat facility, and who is the largest illegal drug smuggler the world has ever known.
As to why the CIA would need the Argyle International Airport as a drug smuggling operation, is due to the calamity that ensued in 2007 when their Gulf Stream II jet, that was used to transport rendition prisoners from Europe to America to Guantanamo Bay, Cuba, crash-landed in Mexico carrying over 4 tons of cocaine, and that to this very day, no one has been prosecuted for.
The CIA’s involvement with drug smuggling has long been known, and as the Huffington Post noted in their 2014 article titled “Key Figures In CIA-Crack Cocaine Scandal Begin To Come Forward” that, in part, said:
“With the public in the U.S. and Latin America becoming increasingly skeptical of the war on drugs, key figures in a scandal that once rocked the Central Intelligence Agency are coming forward to tell their stories in a new documentary and in a series of interviews with The Huffington Post.
More than 18 years have passed since Pulitzer Prize-winning journalist Gary Webb stunned the world with his “Dark Alliance” newspaper series investigating the connections between the CIA, a crack cocaine explosion in the predominantly African-American neighborhoods of South Los Angeles, and the Nicaraguan Contra fighters, scandalous implications that outraged LA’s black community, severely damaged the intelligence agency’s reputation and launched a number of federal investigations.
It did not end well for Webb, however. Major media, led by The New York Times, Washington Post and Los Angeles Times, worked to discredit his story. Under intense pressure, Webb’s top editor abandoned him. Webb was drummed out of journalism. One LA Times reporter recently apologized for his leading role in the assault on Webb, but it came too late. Webb died in 2004 from an apparent suicide.”
Also in 2014, The American New Service shockingly revealed how grave these crimes had actually become in their article titled “U.S. Government and Top Mexican Drug Cartel Exposed as Partners” that, again in part, said:
“For over a decade, under multiple administrations, the U.S. government had a secret agreement with the ruthless Mexican Sinaloa drug cartel that allowed it to operate with impunity, an in-depth investigation by a leading Mexican newspaper confirmed this week.
In exchange for information and assistance in quashing competing criminal syndicates, the Bush and Obama administrations let the Sinaloa cartel import tons of drugs into the United States while wiping out Sinaloa competitors and ensuring that its leaders would not be prosecuted for their long list of major crimes.
Other revelations also point strongly to massive but clandestine U.S. government involvement in drug trafficking.
Relying on over 100 interviews with current and former government functionaries on both sides of the border, as well as official documents from the U.S. and Mexican governments, Mexico’s El Universal concluded that the U.S. Drug Enforcement Administration (DEA), Immigration and Customs Enforcement, and the U.S. Justice Department had secretly worked with Mexican drug lords.
The controversial conspiring led to increased violence across Mexico, where many tens of thousands have been murdered in recent years, the newspaper found after its year-long probe.
The U.S. agents and their shady deals with Mexican drug lords even sparked what the paper called a “secret war” inside Mexico.”
To the exact scheme being perpetrated upon the American people by the CIA, is their paying off by the hundreds-of-millions of dollars the former Clinton, Bush and now Obama regimes from their massive illegal drug smuggling profits, but that President Trump doesn’t care about as he is already worth billions-of-dollars, has never drank, done drugs, or smoked, and whose actions in the past fortnight alone have cost these evil monster over $200 million, leading no one in the Kremlin wondering why he is so hated by these elite criminals and their mainstream propaganda media allies alike.
We are Anonymous. fuck off troll We do not forgive. We do not forget. spm
As to why US agents are seeking to interview President Obama, this report explains, is related to the massive crackdown by the President Donald Trump administration against the world’s largest illegal drug smuggling organization known as the Central Intelligence Agency (CIA) that over the decades have poured hundreds-of-millions of dollars into the bank accounts of American leaders—and as we’ve previously reported about in our 15 March article titled “Obama Flees After Massive Drug Bust Aboard Lady Michelle Vessel In Caribbean”.
Of the new SVR information about President Obama’s fleeing from US investigators seeking to interview him about the massive Lady Michelle drug bust, today’s report reveals that Hillary Clinton is now aiding the President Trump administration—and who after being interviewed by FBI agents last week about the CIA’s drug operation, received an “unexpected gift” when US Attorney General Jeff Sessions then sided with Clinton in a US Federal Court asking them not to pursue any more emails from her.
Cocaine Smuggler Obama Runs To Warren Buffett - Deep State Fixer
Antichrist Obama & Evil Hillary Clinton Ran Pedophile Ring Plot
Published on Feb 23, 2017
www.DarylLawsonLive.com WIKILEAKS: OBAMA RAN PEDOPHILE RING OUT OF WHITEHOUSE Julian Assange unveiled another bombshell Sunday evening, alleging that wikileaks now has hard proof that former President, Barack Hussein Obama, operated and participated in a pedophile ring based in the white house.
A leaked email released today read,
“A young boy the age of 5. He will make the perfect catamite for the president. He will arrive from Romania on Tuesday. I’m sure the president will be pleased.”
“The leak is bound to start a massive investigation”, Assange said. “That is if we can get the word out before the news is swallowed up by the Obama shadow government.” Obama has not yet responded for comment.
Other notables named in the report as being involved in the ring are the following: Bill Clinton Hillary Clinton Tim Kaine Elizabeth Warren Jimmy Carter Harry Reid Ben Affleck Cory Booker Al Franken Nancy Pelosi
BOMBSHELL: WIKILEAKS LEAKS ‘LOST’ CLINTON EMAIL Less than 48 hours after promising to do so, ‘Wikileaks’ has dropped an absolute hammer on Hillary Clinton and former president, Barack Obama. This email is the first of a series of ‘lost’ emails that Clinton allegedly deleted and have just recently been recovered. It is also undoubtedly the most disturbing and bizarre email to come to light yet.
In the email, addressed to former president Barack Obama, Huma Abedin and John Podesta among others, Clinton strangely references a “Pizza arrangement”, “Hotdogs” and “predetermined locations”.
Clinton also alludes to a “our downfall” in the email.
This email supports the allegation that Clinton among other Washington democrats are guilty of operating a child trafficking project.
The email also refers to ‘Activity in the White House’ seemingly confirming recent reports that the President was operating a pedophilia ring within the White House.
Julian Assange, founder of Wikileaks, said of the email, “The evidence is there. Hillary and Obama are done for. Now we are just waiting for President Trump to take action.”
“People often don’t want to believe the news because it’s unpleasant”, Assange added. “But facts are facts”.
Assange claims the email is among several that Wikileaks will be releasing over the coming weeks that were originally deleted and acid washed by Clinton and her confidants.
Revelations 13:1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
Revelations 13:11 And I beheld another beast coming up out of the earth; and he had two horns like a lamb, and he spake as a dragon.
(2017) PIZZAGATE BOMBSHELL - OBAMA RAN PEDOPHILE RING FROM WHITE HOUSE SAYS WIKILEAKS ASSANGE
Deflationary pressures mounting in the GREATER DEPRESSON - three times larger than the 1929 Great Depression. Stocks likely to have final top near the first quarter of 2018 and then enter a long wave "C" down. THE GRAND SUPERCYCLE BEAR MARKET will likely last until 2022 -2025 or so and result in a 90% drop in most asset prices and 50% unemployment.
Don't forget - the nominal all time top PEAK OF THE WORLD ECONOMY was year 2000 when one divides DOW stock prices by the PPI (Producer Price Index), the CPI (Consumer Price Index) or the price of GOLD.
A 90% drop in most assets coming, INCLUDING REAL ESTATE, STOCKS, BONDS AND COLLECTIBLES - a Fibonacci 61.8% (OR MORE) - and a drop in gold to below $700 coming (after a blip to $1,475 gold in gold's bear market rally).
Final bottom and 90% drop in asset prices will be not until to year 2022 or so. Why? Hurry!
Posted By Fourth Turning Prophet Delwyn Lounsbury - The Deflation Guru
Bitcoin Cryptocurrency Information and Updates
News on bitcoins:
Looks like the tulip mania in Holland.
The blockchain (secure ledger history) behind cryptocurrencies will likely find more and more uses - even recording and keeping real estate deeds and history of ownership taking much of the current work of title companies. Your money may become digital only. There are rumors of a coming U.S. government controlled "fedcoin" in a cashless society and a new form of "special drawing right" plot to be foisted by the International Monetary Fund (IMF) to be used between nations. The result may become a weapon to control, tax and watch your every financial move electronically. It's always about globalist control. A bad thing!
Bitcoin Cryptocurrency - Latest Update 12/22/2017
If You Don't Own Any Bitcoin, Read This This week it hit $19,000. What's next?
Wow. Just....wow. Bitcoin's price has gone 'beyond exponential' this week. Just yesterday, as I started working on this article, it shot up 22% -- from $14,000 to $17,000 (hitting an intraday high of over $19,000). And that's after a mind-blowing upwards rocket ride over the past several months. I think it's safe to say that the vicious melt-up in price over such a short timeframe has surpassed the expectations of even the starriest-eyed Bitcoin fanboys. The whole world, especially the 99.99% of us that own zero cryptocurrency, is asking: What happens next? And, What should I do? Is this insane trajectory going to continue for a lot longer? Do I need to get in now to avoid missing this once-in-lifetime fortune-making opportunity? Or is this a classic bubble blow-off top? Is this the deadliest time to enter, right before the price implodes?
An Expert's Take
I had the chance to ask these questions Wednesday to a long-time veteran in the digital currency space. We met at a gathering of online media 'mavens'; this guy has published news and analysis on cryptocurrencies since 2011, for both investors and developers. He knows the space exceedingly well. Unsurprisingly, he holds a lot of Bitcoin. I didn't ask directly how much; but knowing that he was covering the space back when Bitcoin traded in the single-dollars range, my conservative mental math quickly concluded he's probably worth more than most people I've met in my life. So here what I learned during my chat with him:
He thinks the current price action is "nuts": To his veteran eye, the current frenzy is a speculative mania and will end in a massive sell-off, resulting in huge losses for those buying in at these prices. He's watched Bitcoin long enough to have seen it experience several 70%+ corrections. In his mind, this will simply be the latest one. And there will be more in the future, he predicts.
But he's not worried in the long run: Like many longtime crypto investors, he sees a much higher price potential for Bitcoin. But to reach that level and sustain it will take years. The currency will need to be much more widely held among the general populace and used in a material percentage of transactions (i.e., not just being held by speculative investors). Until then, he expects lots of volatility (both up and down) of the sort we're seeing now.
He admits that Bitcoin could lose out to a superior successor: When asked if the capital currently flowing into Bitcoin could flee for a better crypto 'mousetrap' in the future, he says "sure". Which is why he has diversified holdings across a number of cryptocurrencies and watches new entrants into the the space closely. But one advantage Bitcoin increasingly has over the rest of the crypto field is scale. He gave a highly-technical argument for how the blockchain actually has limited value without a platform to offer it sufficiently critical scale. "Does Bitcoin offer that critical scale yet?" I asked. "Probably not yet" he answered, "But it's much closer to it than any other competitor at this time. And it's growing faster than the rest." Translation: Bitcoin is the odds-on winner at this point.
He expects the world's central banks to criminalize the cryptocurrencies: We talked about the central banking cartel's longstanding monopoly of the money supply and its historic ruthlessness for squashing all competition. He agreed that the central banks would like nothing more than to replace the current cryptos as well as all paper fiat currencies with digital sovereign versions. And he predicts they will likely try to do exactly this. How successful will they be? Uncertain. He can certainly foresee a time when they ban ownership of Bitcoin and its brethren, criminalize transacting with them, and shut down the exchanges. Though while the cartel may be able to seriously curtail Bitcoin et al, he doesn't see it succeeding in driving them to extinction for several reasons. One he offered that I hadn't heard before (but have since verified) is that private investors have put a network of satellites up in space dedicated to making it possible to transact in Bitcoin anywhere on Earth even if the terrestrial networks are taken down by the authorities or natural disaster. His overall takeaway? Don't buy at today's prices; wait for a correction (it could be a really big one). But once it happens, buy in and hold, as he sees the price going much, much higher over the next decade.
By the way, I'd share this guy's name with you but he asked me not to. Given how stratospheric Bitcoin has risen over the past year, he says his biggest priority right now is to fly under the radar and have as few people as possible be aware of his crypto holdings. Apparently this has recently become a real concern for Bitcoin investors who have suddenly become overnight multi-millionaires (Or hundred-millionaires. Or in the case of the Winklevoss twins, even billionaires). A vast windfall like this makes you an alluring target to criminals. Just one more unexpected consequence of this crypto mania we're watching play out in real time.
The Peak Prosperity View
The above expert's views match well with those of our team's outlook here at PeakProsperity.com. Charles Hugh Smith, who has been writing about Bitcoin for us since it traded below $600 has long had a price target of $17,000 -- which seemed unattainably high even just one short week ago. That underscores how insane the price moves of the past few days have been. With the $17,000 milestone hit so quickly, does he think a large correction could ensue? Very possibly. (I should make clear though, he remains quite bullish about Bitcoin's long-term future potential). Davefairtex, our resident charting expert, notes that his model now shows Bitcoin's level of overvaluation at "nosebleed" levels with a daily RSI of over 98 and the forecaster clearly predicting a reversal: And reader mrees999, our community's most-respected educator on the cryptocurrency space -- and one of the biggest advocates earlier in the year for buying Bitcoin -- offered the following words of caution yesterday: I probably wouldn't get in now. It's gotten irrational with FOMO. I'm selling into this rally and waiting for a massive correction once the bit shorts come in with the futures trading about to begin. (Again, I should point out that mrees999 remains robustly optimistic about Bitcoin's longer-term future price potential.) To the above, I'll simply add two additional pieces of data to show how quickly Bitcoin has outstripped any sort of rational justification for its recent price explosion. The first is this chart below, which shows how Bitcoin's price has blown above the maximum Fibonacci extension between its previous swing low and yesterday's swing high (note: this chart was created before the price continued higher to $19,000): (Source)
And lastly, here's a table showing the accelerating compression of time it has been taking for Bitcoin to hit each new $1,000 price milestone: (Source)
That right there, folks, is the madness of crowds. It's a FOMO-driven mania to make the South Sea Bubble blush.
Advice For Those Who Missed The Rocket Ride
So, if you've been feeling like the loser who missed the Bitcoin party bus, you've likely done yourself a favor by not buying in over the past few weeks. It is highly, highly likely for the reasons mentioned above that a painful downwards price correction is imminent. One that will end in tears for all the recent FOMO-driven panic buyers. To that point: as I'm finishing up this article, Bitcoin has retraced back to $15,100. That's a 21% loss in less than 24 hours for those who bought at yesterday's $19,000 high. If yesterday indeed proves to have been the blow-off top, that loss could get a lot uglier quickly. But even if it doesn't, what can those of us who don't currently hold any cryptocurrency do as we wait for the dust to settle here? Here's our current guidance:
Open an account with a crypto exchange: While we maintain Bitcoin and many other cryptocurrencies are in a bubble right now, we reiterate our position that they are worth having exposure to in your portfolio -- albeit not at today's prices. So, while waiting for (possibly much) lower prices after the inevitable blow-off top, you should open an account with a leading crypto exchange (like Coinbase, Kraken, Bitfinex or Bitstamp), so that you'll be positioned to buy when the insanity is over. These exchanges require a fair amount of personal information that they use in account verification, and some of them take a surprising amount of time and effort to set up before your account is approved and/or funded to transact. So get all of that out of the way now, while your waiting on the sidelines.
Build cash: We've been beating this drum for a while because it's not just Bitcoin that's in a bubble. As laid out in previous reports, nearly all financial assets are dangerously over-valued in today's financial markets. Keep building your cash reserves as "dry powder" to deploy when the next big market correction hits. Chances are likely that at some point in the next 0-2 years, you'll have the opportunity to buy cryptos, stocks, bonds and real estate at generous fractions of the prices seen today.
Hold on to your precious metals: Holders of gold and silver have watched Bitcoin's moon-shot with a lot of understandable envy. This is the kind of massive re-pricing boom they expected the precious metals to experience as world fiat currencies inflate away their purchasing power. Were PM investors wrong? Did they pick the wrong horse in this race? Should they have piled into the cryptocurrencies instead? While it has been a painful five years, we expect precious metals holders will be rewarded in the end. Separate from the current emotion-driven FOMO blitzkreig, the reasons informed investors are buying Bitcoin have heavy overlap with the rationale for owning gold and silver. Capital will return to the PM market as soon as the current nested set of financial bubbles begins bursting. And if you think the jump in Bitcoin has been tremendous as a money tsunami has flooded into this small market, remember that Bitcoin's market capitalization is now substantially larger than that for all the world's above-ground silver. How high could we see silver go when that metal become en vogue again?
Practice emotional resilience: Hey, Bitcoin could still rally higher from here -- much higher. It's still a small market with a lot of hot money fighting to enter it. How long the mania will last is unknowable -- we could be seeing the end of it right here (Bitcoin's price dropped below $15,000 as I wrote the last paragraph), or it could still go on for a lot longer than we can imagine. If it does, don't let the twin devils of fear and greed compel you to be one of the "last fools" to jump in before a correction takes hold (remember: that's how Isaac Newton lost his fortune in the South Sea bubble). And don't beat yourself up for not being one of the very few people to make millions from this craze. It's like being jealous of lottery winners. Instead, focus on the real wealth in your life (hint: it's much more than the money in your bank account), take time to appreciate what you have, and plan on sustainable ways -- instead of speculative ones -- to increase it. Those looking for some guidance on how to best do this can find our thoughts here.
Don't Ignore The Revolution
While we've made the case that Bitcoin's current run-up has been "too far, too fast" and a painful correction is highly likely, the new cryptocurrency era is a bona fide revolution. The underlying technology of the blockchain will transform industry and commerce on a similar scale as the Internet has. While we urge prudence and caution regarding the conditions under which you invest in the cryptos, we don't recommend you ignore their significance. Charles Hugh Smith has written several reports for us designed to demystify the digital currency space and help you understand the future value that the blockchain promises to unlock for society. If you feel you don't yet have a good grasp on all this, make his report Understanding The Cryptocurrency Boom your mandatory reading over the next few days. Written just a few short months ago, when Bitcoin was a mere $2,600(!), this publication and its excellent companion report, The Value Drivers Of Cryptocurrency, explain in layman's terms the real utility value of digital currencies and why a long-term view can justify prices that may ultimately be much higher than where they are today. Don't let ignorance or a sour-grapes frustration from missing out on the first big run make you blind to the revolution underway. Whether you participate in it or not, and at what price, is up to you. Just make sure your decisions are well-informed ones. Click here to read Understanding The Cryptocurrency Boom (free to all readers).
Autonomous NEXT, a financial technology analytic service, shows Ethereum's percentage of the total cryptocurrency market has risen sharply.
In January ethereum was 5% of the market and by June 22, its percentage of the entire market rose to 30%.
Ethereum's rise has led to a dramatic fall in bitcoin as a percentage of the market. It has declined from about 85% at the beginning of the year to just under 40% as of late Jun
Ethereum blockchain was built so two parties could enter a so-called smart contract without a third party. As a result, it can be a currency and represent virtual shares, assets, proof of membership, and more.
On August 2, 2016 119,756 bitcoins, or about $70.000.000 was stolen from the Hong Kong private bitcoin exchange Bitfinex. Prices immediately plunged 30% but subsequently bounced back up. Unfortunately, those who used Bitfinex will lose 36% of their deposits in a first ever BAIL-IN as a result of the massive hack.
The exchange wrote, "After much thought, analysis, and consultation, we have arrived at the conclusion that losses must be generalized across all accounts and assets." Then in a blog post on Saturday August 6, 2016, "In place of the loss in each wallet (one calls accounts with bitcoins - wallets) we are crediting a token labeled BFX to record each customer's discrete losses." Apparently, they may later be redeemed or exchanged for shares in the parent company. (BFX - Big F'n Excrement - try spending said largely worthless tokens)
Much of the losses were due to an massive increase in Chinese users of the virtual currency in order to bypass tyrannical totalitarian China government capital controls on money outflows and an insidious way for the corrupt - Dear Leaders - to limit their citizens recent gains and euphoria on bitcoins - an asset that had soared 200% in the past year.
Breaking News 6/10/2015: Bitcoin acquires BitGold and recently bought GoldMoney which led many to assume that the Canadian start-up was pioneering a gold-backed currency. But it turns out that Peter Schiff’s Euro Pacific Bank already allows non-US customers to buy gold and/or silver, store it for free with Australia’s Perth Mint, and then use a debit card to spend it.
Among Euro Pacific’s claimed advantages:
Unlike physical bullion, the wealth in this account is totally portable: “Clients maintain access to their purchasing power despite whatever local capital restrictions or government controls may be imposed. If you want to leave the country there’s no need to travel with physical metal holdings when card access is available,” says Schiff.
It allows clients to create their own personal gold standard without waiting for their governments. And they can do so “in complete privacy.”
An upgrade is coming. “Later this year we launch our improved service, which will allow 24/7 gold buys in multi-currencies for less than 1% commission, and free storage. Clients will be able to access their holdings using their debit cards as they do now, just easier and at lower cost, as well as transfer gold directly to other clients or merchants, like a PayPal for gold. However, our clients will also be able to sell gold for cash and wire proceeds directly to third parties, or use their gold as immediate credit to purchase stocks and bonds on exchanges around the world. When they sell stocks or receive dividends they can opt to receive those payments in gold too. It’s a complete platform for commerce and investment based on gold, yet giving clients seamless access to the larger fiat world.”
Every transaction may be available to official
scrutiny and traceable - we don't know for sure. The bitcoin collapse started at a $1025 peak in the fall of 2013. Several websites selling illegal drugs and laundering money were hatched. The most famous, Silkroad.com, was shut down and the owner, Ross Ulbricht, was charged and convicted of money laundering, drug trafficking and computer hacking. When another site tried to copycat million of dollars worth of bitcoins just disappeared - likely into CIA secret accounts.
Is this an elite promotion to sour and pollute the well when it
comes to any money other than the world's central banksters electronic
In typical 1984 Big Brother doublespeak, they have
taken to calling money creation quantitative easing (QE), but it used to be called fiat monopoly money
printing. Funny money foisted on the whole world which drove prices up in a 100
year runaway price inflation. In the end, elderly people were left with little value to retire on, 47 million Americans now receive food stamp handouts. Unemployment (now 15% to 25% depending on who you count) will grow to 50 percent by 2022 as those out of work can't afford to buy stuff -leading to more and more layoffs.
CASH IS KING IN A DEFLATIONARY DEPRESSION - SO YOU HAD BETTER GET SOME REAL FOLD-ABLE MATTRESS CASH STASHED IN ADDITION TO FOOD, WATER, GUNS, BULLETS, NECESSITIES, GOLD, SILVER ETC!
Anyway, they hit a low of $52.99 in May of 2013, per the BitCoin
Foundation, 71 Columbia Street,
Suite 300, Seattle, WA 98104. The price on the exchange site, https://btc-e.com (get current price quote here), then
bounced to $73. MtGOX.com(Japan-once the world's
largest Bitcoin exchange which did 80% of the business) had been down for
hours for maintenance and the price had been plummeting throughout the day. On
May 30, 2013, the State of California Department of Financial Institutions
issued a cease and desist order, which Forbes posted on
Scribed.com, for allegedly engaging in the business of money transmission
without a license or proper authorization. Mtgox.com has subsequently gone bankrupt and the money mysteriously disappeared.
The Bitcoin collapse started after they had hit a high of $266 on
April 10, 2013 before the ensuing crash. At $53 the price is still double what
it was two months ago, so it is yet to go through a full cycle erasing a (usual)
Fibonacci 68.2 percent gain since going parabolic.
Bitcoins are online commodity money that is based on an
open-source or peer-to-peer encryption protocol first described in 2009 by a
mysterious, anonymous Japanese genius, Satoshi Nakamoto. No one knows
this Nakamoto or has heard from him since. Remarkably, a 1996 National
Security Agency (NSA) report postulated how a electronic currency might be
developed. You can see the whitepaper here: HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC
CASH. It even mentions a Tatsuaki Okamoto, which seems
suspiciously like Nakamoto. So, this whole exercise may actually be a way
for central banking elite, who want a one world currency, to disrespect gold - mankind's main money for the last 5,000 years and an actual real-life antidote to fiat monopoly money tyranny and an automatic
store of value. A way for the Anglo American elite to teach the world a (false) lesson while foisting one world government by totalitarian dictators.
Both the creation and transfer is accomplished by servers, called miners that confirm creation by adding codes
to a decentralized log, which is updated and archived periodically.Each
bitcoin is subdivided into 100 million smaller units called satoshis, defined
by eight decimal places. There is some inherent plan to eventually take
some of them out of circulation to supposedly prop up price.
Bitcoins can be transferred through a computer or smartphone. Interested parties can authenticate the ownership but need a password.
The number of newly created bitcoins per period depends on how long the network
has been running. Currently, 25 new units are generated with every 10-minute
block.This will be halved to 12.5 BTC during the year 2017 and halved
continuously every 4 years after until a hard limit of 21 million is reached
during the year 2140.
They are accepted in trade by various merchants and individuals in
many parts of the
world. Although initially promoted as a virtual currency, many
commentators currently reject that claim due to volatile market value,
relatively inflexible supply along with the fact that there is no store of value like in
gold and the current minimal - although growing - use in trade.
The Wall Street Journal defines blockchain as ” a data structure that makes it possible to create a digital ledger of transactions and share it among a distributed network of computers. It uses cryptography to allow each participant on the network to manipulate the ledger in a secure way without the need for a central authority.”
Blockchain transactions make it unnecessary to even know whom one is dealing with when conducting commerce, and still have full trust in the transaction itself. Advanced algorithms are used to verify and confirm transactions, thereby creating a historical record. Blockchain technology is still in its infancy, lacking a fully realized application and having only a minor overall economic effect, so far.
On May 23, 2013, stories had emerged that Google was investing in
a Crypto Currency Company open currency exchange OpenCoin, Inc. The new
unit called Ripple will
be able to transfer dollars to gold, Swiss francs, Euros, Bitcoins or
Ripples even on cell phones without requiring a third-party facilitator.
Adoption is currently at the beta testing stage only. In the process
users submit buy/sell prices to the world-wide network and the Ripple protocol
finds the best match to complete the trade. Traders "login to your
Ripple wallet" - but don't share your secret key.
On May 24, 2013, it was reported U.S.
authorities at the Department of Homeland Security have seized two accounts
linked to a major operator in the Bitcoin collapse of the digital currency
market, Tokyo-based exchange
Mt. Gox. The move may
prevent the firm from the purchase and sale in U.S. dollars at a time when use
and value was on the rise.
Conclusion: The Anglo American financial power elite own or control 150 central banks and
have been getting filthy rich creating fiat monopoly money out-of-thin-air. First paper and now electronic lucre has enabled a criminal cabal of some
1,000 multi-generational banking families to plot a criminal worldwide
oligarchy. Their scheme’s end result is an authoritarian Hitler-like
socialist one world governmentdictatorship through the
United Nations and its myriad alphabet soup of globalist institutions.
Over the last century these banksters have actually directed
history toward globalism by growing the power and influence of the United
Nations. It was easy to weaken individual nation states by watering down
their money with inflationary money printing and subsequently erode people’s freedom
and liberty to boot.The World Bank, the International Monetary Fund and the
Bank for International Settlements (the central bank for central banks)
led the caper.
The elite MO (modus operandi) is to scare the world's
middle class and poor into accepting global governance through the chaos of
war, the phony war on terrorism, the climate change hoax, disease pandemic
scares, the 1930's depression and now deflation and the Greater Depression. The elite subterfuge is facilitated by more restrictive and ever bigger
damned government leading to loss of your freedom and liberty (also known as
austerity). The elite own all the mainstream media - so,
don't believe 90% of the news.
elite bankers have watered down the paper money by some 96 percent just since
the Federal Reserve Bank (not a bank, not a reserve of anything
and not even federal or audited) was formed in 1913. So, bring on a digital
currency Bitcoin collapse, a gold standard and other competitive alternate
Actually, things will not be right in the world until private gold
backs private money. Only gold is not someone else's debt. Only gold is a store of value. Paper money is worth less and less
each day that passes. Only gold has a 5,000 year history as mankind's
main money. Silver is too volatile to be a lasting monetary metal, by the
way. Don't trust any new United Nations world currency scheme!
is why the elite banksters are coming down hard on Bitcoins. They don't
want competition for their get mega rich subterfuge of paper money. In fact, now we are learning The Fed is floating around the idea of a "fedcoin" paperless digital money controlled by our feckless government. Don't trust it!
they (governments and central banksters) are always at war with real money (GOLD) that unlike all the
aforementioned pieces of script and electronic bits and bytes, have a 5,000 year history
of being a STORE OF VALUE.
Governments are the only ones who can take a valuable commodity like paper and then make it worthless. Recent report are they may be getting into the cryptocurrency blockchain business as a way to control, snoop and tax us even more. It is always about more and more control of you and I and out progeny. The powers-that-be want a cashless society so that they can lock us out of our bank accounts at anytime and even cause a bail-in as they did with Cyprus - Absconding with part of the value of your account.
Beware coming fedcoin by the Federal Reserve Bank and a new kind of specialdrawingright expected to be foisted by the International Monetary Fund (IMF) and a probable dilution of the United States dollar by 75%. Already, the worth dollar is down 98 cents to 2 (two) cents in 1913 dollars - the year they created the FED. Read The Creature From Jekyll Island.
The Global Elites’ Secret Plan for Cryptocurrencies
Interest in Bitcoin is red hot at the moment. It’s impossible to open a website, listen to a podcast, or watch a video in the financial space without hearing about the meteoric rise in the price of Bitcoin.
Maybe you know a “Bitcoin millionaire” who bought five hundred Bitcoins a few years back for $50,000 and is now sitting on a Bitcoin fortune worth over $2,000,000. It’s true, those people actually do exist.
Yet the crypto-hysteria is distracting you from a scary truth no one is talking about.
There is every indication that governments, regulators, tax authorities, and the global elite are moving in for the crypto-kill. The future of Bitcoin may be a dystopia in which Big Brother controls what’s called “the blockchain” and decides when and how you can buy or sell anything and everything.
Furthermore, cryptocurrency technology could be the very mechanism used by global elites to replace the dollar based financial system.
Of course, Bitcoin is just one of many crypto-currencies. There are hundreds in total with names like Ether, Dash, Dogecoin, Blackcoin, CryptoCarbon and Syscoin. For convenience, I will refer to all crypto-currencies in this article as “Bitcoin,” but you should understand that the analyses offered applies to the other cryptos as well.
I know about the Bitcoin frenzy first-hand. I’m a frequent guest on financial television and do many online interviews. I actually don’t like talking about Bitcoin; it’s one of my least favorite topics. But, I can’t avoid it! Sooner or later in almost every interview, the anchorperson will turn to me and say, “Jim, I have to ask, what’s your opinion on Bitcoin?” And, away we go.
My opinion is straightforward. I don’t own any Bitcoin and I don’t recommend them to investors. My reasons have to do with bubble dynamics, potential for fraud, robustness to the business cycle, and government intrusion, all of which are explained in great detail below.
That said, I am not a technophobe and I’m not a Bitcoin basher. I understand Bitcoin very well at a technical level. I’ve read the original technical papers on Bitcoin from 2009, and many commentaries since. I even worked with a team of experts and military commanders at U.S. Special Operations
Command (USSCOM) headquartered at MacDill Air Force Base in Tampa, Florida to find ways to interdict and disrupt ISIS use of crypto-currencies to fund their terrorist activities and caliphate. You can reread that account in our February 2015 issue, right here.
Bitcoin is a digital asset, which exists as an electrical charge stored on a computer or other medium such as a flash drive or external hard drive. Yet, for marketing and editorial purposes, Bitcoin is almost always represented graphically as a “gold coin.” This surely says something subliminal about the ephemeral nature of Bitcoin, and the enduring attraction of gold.
When it comes to Bitcoin I take a laissez-faire approach.
Do your thing. If you want some Bitcoin in your portfolio as part of a diversified bundle of assets, that’s up to you.
My only admonition is caveat emptor. Please take the time to understand how it works and what the risks are.
My point this month is there’s a much bigger cryptocurrency story not being told. The future will not be the anarcholibertarian nirvana that the inventors of Bitcoin expect.
Now let’s begin our tour d’horizon of the world of cryptocurrencies.
By the end of this, you should have a basic understanding of cryptocurrencies and how they work.
You’ll also be one of the few people who knows why cryptos may be governments favorite weapons against citizens like you, instead of giving citizens safe-harbor.
Let’s start with the basics…
Bitcoin is Money, Not an Investment
A Bitcoin is a unit of account recorded in digital form.
In that sense, saying “one Bitcoin” is no different that saying “one dollar,” “one euro,” “one inch” or “one pound.” It’s just a way to count things.
A Bitcoin can also be a store of value. If I am the owner of 100 Bitcoins recorded on a distributed digital ledger (the term “owner” can be problematic since my identity on the ledger is encrypted and the private encryption key is known only by me; property rights in this area are uncertain and still evolving), and if my Bitcoins can be sold for $4,000 per Bitcoin in a liquid market on a reliable exchange (another problematic aspect discussed below), then I have theoretically stored $400,000 of value in a secure, convenient and anonymous medium.
A Bitcoin can also be a medium of exchange. Some merchants accept Bitcoin in payment for everyday goods and services. Bitcoins can be transferred in fractional units for smaller transactions. For example, if 1 Bitcoin = $4,000, then 0.001 Bitcoin = $4.00, which is about right for a cup of coffee at Starbucks.
You can see where I’m going. If Bitcoin is a unit of account, a store of value, and a medium of exchange, then it passes the traditional three-part test for the definition of money.
Bitcoin is a form of money, just like dollars, euros, yen or pounds sterling. It may or may not be a form of money you like, but that’s OK, it’s still money.
That’s important to bear in mind because Bitcoin is not an investment. An investment is what results when you take money and convert it to something that has risk and reward such as stocks, bonds, or real estate. You then get a profit or loss on that investment, which can take the form of interest, dividends, or rents. You can even suffer a total loss if the underlying investment goes bad.
With money there is no yield, and no investment, just a cross-rate to other forms of money. When buyers of
Bitcoin say it “went up” from $1,000 to $4,000, that’s not a return on an investment, it’s just a change in the exchange rate. It would be just as accurate to say that
Bitcoin was unchanged and the dollar “fell” from 0.001
Bitcoins to 0.00025 Bitcoins; a 75% devaluation of the dollar when measured in Bitcoin.
Once you understand this cross-rate analysis you can see that the so-called “price” of Bitcoin is really just a liquidity preference by some people for one form of money over another.
That liquidity preference is not based on fundamentals in the same way that you would analyze a stock or bond based on management, prospects, or creditworthiness.
A liquidity preference is based on confidence.
The problem with confidence as the basis for determining the subjective value of money is that it is ephemeral.
It can be here today and gone tomorrow based on crowd behavior that is easy to model in theory and impossible to predict in reality.
Bitcoin is money, but money is a confidence game. It’s good to bear that in mind.
Bitcoin and the Blockchain
Where does Bitcoin come from?
Bitcoins are created according to a mathematical algorithm proposed the pseudonymous Satoshi Nakomoto (who may be an individual or a group of individuals) in a paper published in 2009.
As defined by Nakomoto, mathematicians and engineers using computers are invited to solve a math problem involving record keeping and a proof-of-work. In exchange for performing these functions, the computer operators, known as “miners” receive a reward in the form of new unspent Bitcoins. Nakomoto completed the first proofof- work in 2009 and received a reward of 50 Bitcoins.
The record-keeping and proof-of-work aspect of Bitcoin mining are done using open-source software, which means anyone who is familiar with the software and has sufficient computing power can join in this process.
The results of the record-keeping and proof-of-work are kept on a ledger, which is housed on a decentralized and distributed network. New Bitcoin transactions are added to the ledger in “blocks” and the ledger itself is called the “blockchain.”
The distributed nature of the ledger means than the blockchain resides on thousands of individual servers. If any one node or server were destroyed, the blockchain would still exist in easily verifiable form on the other servers in the network.
Transactions and blockchain identification are encrypted using a standard 256-bit public-private key system. The public key is identifiable on the blockchain, but individual owners cannot be identified, and transfers cannot be authorized without the private key, which is held by the individual owner.
Nakomoto’s algorithm makes each block of Bitcoins more difficult to mine than previous blocks because the blockchain itself is larger and the number of trial-and-error type inputs needed to complete the proof-of-work grows exponentially. Over 200 quintillion inputs are currently needed to create a new block.
Bitcoin mining requires so much computing power, that only large, specialized server operations are able to accomplish it. These operations are mostly centered in China, which raises national security concerns about the future of Bitcoin.
Mining operations are so energy-intensive that they have come in for criticism from environmentalists. This link takes you on a video tour of one of the world’s largest Bitcoin mines.
The private, encrypted, and decentralized nature of the blockchain means that no one individual or entity is “in charge” of the blockchain. Unlike other forms of money that are issued and controlled by governments, Bitcoin is not controlled by anyone or anything except the mathematical algorithm.
This cryptocurrency ecosystem has enormous appeal to a diverse mix of libertarians, anarchists, technophiles, criminals, tax evaders, and terrorists. It’s a motley crew.
Is Bitcoin a Bubble?
When the dollar price of one unit of any asset leaps from
$1,938 to $4,425 in one month on no news, it’s fair to ask if we are witnessing bubble dynamics at work. This is exactly what happened to Bitcoin between July 16, 2017 and August 17, 2017.
This spectacular 128% gain in one month, which annualizes to more than 1,540%, comes on top of the fact that Bitcoin rose from $580 just about one year ago; an actual gain of 630% in the past twelve months. Two years ago, Bitcoin was $225, so the two-year gain has been 1,870%.
Whether looking at one month, one year or two years, annualized or actual, these gains are breathtaking.
The answer to the bubble question is almost certainly, “yes” but, that tells us little about what’s driving the bubble or how long it might last.
It serves no purpose to assess Bitcoin based on “intrinsic value.” Bitcoin has no intrinsic value and neither does any other form of money including dollars or gold. Intrinsic value is an obsolete economic theory that was abandoned by economists in 1871. The phrase “intrinsic value” is bandied about frequently, but it is of no use in valuing Bitcoin.
Instead economists use subjective value as a way to consider prices. The subjective value theory says that the price of something is what a willing buyer will pay a willing seller based on the utility of the goods and services to the buyer.
That’s helpful, but “utility” can be a slippery concept.
Sometimes utility is entirely practical (“I need a car to get to work to earn my pay, so the car has some utility I can value.”) But, sometimes utility is idiosyncratic, (“I get a rush from gambling so I’ll spend money in Las Vegas even though I know the odds are against me”).
Bitcoin certainly has some utility to some people. It is easy and inexpensive to make payments. It offers anonymity to those who value that (including criminals and terrorists). It is useful as a way to evade capital controls for those trapped in closed systems such as Cuba, North Korea or China. It can also be a lifesaver for refugees who are vulnerable to assault and confiscation as they flee from country-to-country.
Yet, there is little doubt that much of the price action in
Bitcoin comes from the utility of a “get rich quick” or“something for nothing” mentality. Greed and the thrill of gambling have utility to some, and Bitcoin can certainly satisfy those needs and wants.
We pointed out above that the rise in the dollar price of Bitcoin can also be viewed as a collapse of the dollar if Bitcoin is a stable store of value and an acceptable numeraire. That’s because Bitcoin and dollars are both forms of money and their cross-rate is just a currency swap, not an investment.
If Bitcoin is held constant, then the dollar has collapsed 75% against Bitcoin in the 2017. What other evidence is there for a generalized collapse in the dollar? The answer is none.
Both gold and the euro have rallied this year, but only in the 10% to 20% range, nothing at all like the 1,540% annualized gains seen in Bitcoin recently. (If there were a generalized collapse of confidence in the dollar as evidenced by gold prices, Bitcoin would surely benefit, but for now, Bitcoin is the outlier).
In the absence of evidence from other markets that the dollar is collapsing generally, the seeming collapse of the dollar measured in Bitcoin appears detached from prosaic definitions of utility and therefore can only be explained by the utility of greed. That’s bad news for Bitcoin because the one recurring lesson from speculative markets is that greed can turn to fear overnight.
There are many examples of bubble dynamics in which hyperbolic price action in dollars, detached from other information about a dollar decline, reversed quickly in a catastrophic collapse. The action in the NASDAQ 100 index from 1996 to 2000 following the Netscape IPO shown in the chart below is a helpful and somewhat recent example.
The 75% decline in NASDAQ after January 2000 is a good predictor of what will happen to the dollar price of Bitcoin once a catalyst changes greed to fear. Several of those catalysts are discussed below. Bitcoin at $200 or lower (about where it was when the most recent hyperbolic stage began) seems likely in the next two years.
A tale of two charts. The top chart shows the price of Bitcoin in U.S. dollars from July 2010, close to the time Bitcoin was invented, until
August 21, 2017. The lower chart shows the NASDAQ 100 Index from its invention in 1971 until January 2002. The NASDAQ chart vividly displays the bubble mania of the dot.com era from 1996 to 2000. What matters in these charts are not the specific dates or index metrics, but rather the bubble dynamic displayed in the hyperbolic phase of the curve. Will Bitcoin suffer the same 75% collapse that the NASDAQ 100 Index suffered after that bubble popped in 2000?
Another important aspect of Bitcoin valuation is that fact that Bitcoin has never experienced a full business cycle.
As discussed above, Bitcoin was invented in 2009. That was also the year the current business cycle recovery began.
It’s true that this economic recovery has been one of the weakest on record with U.S. growth averaging just about 2% per year compared to 3% or higher in previous recoveries.
But, it’s a recovery nonetheless and one of the longest ever.
No one knows when the next recession will occur, but after a near-record 96-month expansion, no one should be surprised if a recession occurs soon.
Recessions are not the same as financial panics. Sometimes recessions and panic go together as in 2008. Sometimes recessions occur without panics (1990) and sometimes panics occur without recessions (1998). Either way, Bitcoin has never seen a recession or a panic.
Investor behavior in financial adversity can take many different forms. Sometimes bonds sell off, sometimes stocks, sometimes commodities. The one thing recessions and panics all have in common in that everyone wants liquidity.
When the next recession or panic happens, probably soon, will the global demand for liquidity force holders to sell Bitcoin to meet their debts and margin calls? Will a spike in unemployment force holders to sell Bitcoin to pay their bills?
If so, will all of that forced selling and demand for liquidity cause the price of Bitcoin to collapse if it hasn’t already collapsed due to the bubble dynamics described above?
We’ve seen how stocks, bonds, gold, real estate and other assets perform in recessions and panics in the past. But, we have no idea how Bitcoin will perform because it has never experienced an adverse economic climate.
My estimate is that Bitcoin will suffer in a liquidity crunch as investors sell all forms of assets, including Bitcoin, for more liquid forms of money that governments and creditors are prepared to accept. A 75% or greater collapse in the dollar price of Bitcoin therefore seems likely.
Is Bitcoin a Fraud?
Another question, which is not frequently asked is, “are the Bitcoin gains real?” Put differently, what is the possibility that some, if not all, of the Bitcoin market is an elaborate fraud?
Mainstream media reporting on Bitcoin gains comes from websites that are either Bitcoin exchanges, Bitcoin online facilities that match buyers and sellers directly, or news aggregators that themselves rely on data feeds from the
Bitcoin exchanges and facilities.
These Bitcoin exchanges and online facilities have names like BitBargain, Coinbase, Kraken, Bitstamp, and Bittylicious.
There are many others.
In order to transact, you have to register with the exchange or the facility as a seller. The requires you to provide some personal information and verify your identity, which is not much different than opening any other bank or brokerage account.
From there, you can indicate your desire to sell your Bitcoin.
The exchange or facility will notify you if a willing buyer is found at your indicated price.
Once the buyer and seller agree on a price, or once an automated “match” occurs, the transaction is confirmed, the buyer’s account is reduced by the amount of cash and increased with the Bitcoin while the opposite happens in the seller’s account. Again, in all these respects, it’s not much different than when you buy or sell a share of stock.
Yet, there are important differences between these transactions and what you experience with Merrill Lynch or with a NASDAQ market-maker.
The first difference is that the Bitcoin exchanges and facilities are either loosely regulated or completely unregulated.
It is true that some of these exchange and facilities have been granted licenses by banking or business regulators in certain jurisdictions. But, those licenses are usually related to anti-money laundering concerns. They signify that the exchange or facility has agreed to comply with know-your-customer and anti-money laundering rules (KYC/AML).
But, that’s all. There are no testing requirements for registered representatives, no background checks for operators, no minimum capital requirements, no insurance funds for customer losses, no segregation requirements for customer funds, etc.
None of the customer protections which have evolved in stock and commodities exchanges over the past eighty years are in place. It’s the Wild West and caveat emptor is the law of the land.
This does not mean every exchange or facility is a fraud or is financially unsound. No doubt some of the exchanges and facilities are highly reputable and operated in total good faith.
But some clearly are frauds, and others are run in a financially unsound manner even if they are not intentional frauds. The point is that there is no way to tell from the outside. There’s no way to tell if you are giving personal information and access to your funds and bank account to honest intermediaries or criminal gangs.
There have already been some spectacular failures in the Bitcoin exchange space including Mt. Gox, which filed for bankruptcy in 2014. Mt. Gox caused the loss of 750,000 customer Bitcoins and had unpaid debts of $63.5 million.
At today’s prices, those missing Bitcoins would be worth over $3.1 billion to the original owners.
I’m not a huge fan of regulation, but there’s a reason it exists. Any activity that involves one party trusting his money to another party promptly becomes a magnet for fraud. Historically this has been true in banking, brokerage, commodities trading and asset management.
That’s why all of those businesses are heavily regulated.
There’s no reason to believe that Bitcoin is any different.
In fact, heavy regulation in other corners of financial services is likely to send the ever-present fraudsters to the unregulated regions such as Bitcoin.
It is almost certainly not the case that most Bitcoin exchanges and facilities are frauds. Most are entrepreneurial solutions to a new financial technology and are run in good faith.
But, there are certainly fraudulent operations in the Bitcoin ecosystem; we just don’t know who they are yet. These frauds will certainly be revealed in good time; (they always are).
When that happens there will be a generalized loss of confidence in all exchanges, good or bad. That loss of confidence is one of many potential catalysts that will burst the Bitcoin bubble and lead to a catastrophic collapse in the price.
The Future of the Blockchain
One point of confusion for many new to the cryptocurrency scene is the distinction between Bitcoin (or other cryptocurrencies) and the blockchain.
The distinction is a simple one. Bitcoin is a digital store of value recorded on a distributed digital ledger. Blockchain is the mathematical algorithm through which the ledger is maintained.
If Bitcoin is like a dollar, then blockchain is like the banking system that supports the dollar.
That distinction is crucial. Bitcoin may or may not have a bright future. But, the blockchain almost certainly does.
In fact, the “blockchain” name is already somewhat passé.
A more widely accepted name is “distributed ledger technology” or DLT.
The term DLT sticks to its blockchain roots by referencing the distributed ledger, but also allows for improvements and variations that are not strictly in accord with the original blockchain method.
In fact, a lot of the money pouring into this sector right now is not going to buy Bitcoins, but is going to launch new technology platforms than can perform DLT in a wide variety of applications.
Using DLT, you can not only record and track the ownership of currencies (such as the original Bitcoin), but also stocks, bonds, real estate or title to just about any financial asset.
DLT can also be used to record and verify contracts between two or more parties. Ether is a cryptocurrency that competes with Bitcoin for buyers, but is run on a different digital platform called Ethereum.
The Ethereum platform is designed to create “smart contracts” between willing parties. These contacts can be bought and sold with Ether, but the contracts can take many other forms customized to the property rights that the parties wish to create.
Ethereum is the preferred platform for Initial Coin Offerings
(ICOs). These are used to raise seed capital for teams of developers creating new apps that use smart contracts.
In an ICO, the investor receives a “coin” or “token” that entitles her to the early use of the new app and sometimes other benefits related to the development effort. These
Ether-based tokens can be swapped or sold for other interoperable tokens.
Many ICOs raise money in Bitcoin, (the ICO buyer delivers
Bitcoin and the ICO issuer gives the buyer the new token).
Presumably the token developer can sell the Bitcoin for dollars to pay the bills for the development effort.
ICOs have raised billions of dollars in the past few years.
Some ICOs for small teams have raised over $100 million in a matter of hours. ICOs are relatively easy to launch; you just need a website, a development project, an Ethereum platform for your token, and a so-called “whitepaper” describing the project.
ICOs have been compared to IPOs (initial public offerings) traditionally used to raise money for new companies. But, the differences are significant. IPOs offer securities required to be registered with the SEC and subject to strict disclosure requirements, intermediation by a broker-dealer, and legal liability for material misrepresentations.
ICOs are completely unregulated provided the coins or tokens being offered are not “securities” as defined at law.
Development of DLT, new ledgers such as Ethereum, interchangeable coins used in ICOs, and other innovations are leading toward creation of a Hyperledger. The Hyperledger will be an open-source technology designed to accommodate various separate ledgers on an interoperable basis.
If blockchain or DLT is like the banking system that supports individual coins or contracts, then the Hyperledger will function like SWIFT as a universally agreed message traffic system and intermediary for payments between numerous national central banks.
The Global Elites’ Secret Plan for Cryptocurrencies
In 1958, Mao Zedong, the leader of the Communist Party of China and China’s dictatorial leader was confronted with demoralized intellectuals and artists who were alienated by Communist rule. As a policy response, he declared a new policy of intellectual freedom.
Mao declared, “The policy of letting a hundred flowers bloom and a hundred schools of thought contend is designed to promote the flourishing of the arts and the progress of science.”
This declaration is referred to as the “Hundred Flowers Campaign” (often misquoted as the “thousand flowers campaign”). The response to Mao’s invitation was an enthusiastic outpouring of creative thought and artistic expression.
What came next was no surprise to those familiar with the operation of state power. Once the intellectuals and artists emerged, it was easy for Mao’s secret police to round them up, kill and torture some, and send others to “reeducation camps” where they learned ideological conformity.
The Hundred Flowers Movement was a trap for those who placed their trust in the state. It was also a taste of things to come in the form of the much more violent and comprehensive
Cultural Revolution of 1964–1974 in which all traces of Chinese bourgeoisie culture and much of China’s historical legacy were eradicated.
Something similar is going on with Bitcoin and the DLT today. Governments have been patiently watching blockchain technology develop and grow outside their control for the past eight years.
Libertarian supporters of blockchain celebrate this lack of government control. Yet, their celebration is premature, and their belief in the sustainability of powerful systems outside government control is naive. Governments don’t like competition especially when it comes to money. Governments know they cannot stop blockchain, in fact they don’t want to. What they want is to control it using powers of regulation, taxation, and investigation and ultimately more coercive powers including arrest and imprisonment of individuals who refuse to obey government mandates with regard to blockchain.
Blockchain does not exist in the ether (despite the name of one cryptocurrency) and it does not reside on Mars.
Blockchain depends on critical infrastructure including servers, telecommunications networks, the banking system, and the power grid, all of which are subject to government control.
A group of major companies, all regulated by government, have announced a joint effort to develop an open-source blockchain as a uniform standard for all blockchain applications.
The group includes JPMorgan, Wells Fargo, State Street, SWIFT, Cisco, Accenture, the London Stock Exchange and Mitsubishi UFJ Financial. That’s not exactly five guys in hoodies working in a garage. That’s a sign of the corporate-state consortium taking over.
An elite U.S. legal institution called the Uniform Law Commission, that proposes model laws intended for adoption in all fifty states, has released its latest proposal called the “Uniform Regulation of Virtual Currency Businesses Act.”
This new law will not only provide a regulatory scheme for state regulators, but will also be a platform for litigation by private plaintiffs and class action lawyers seeking recourse against real or imagined abuses by digital coin exchanges and facilities. Once litigation begins, anonymity is the first casualty.
Consider the following additional developments:
• On August 1, 2017, the SEC announced “Guidance on Regulation of Initial Coin Offerings,” the first step toward requiring fundraising through blockchain- based tokens to register with the government.
• On August 1, 2017, the World Economic Forum, host body to the Davos conference of global super-elites, published a paper entitled “Four reasons to question the hype around blockchain.”
• On August 7, 2017, China announced they will begin using blockchain to collect taxes and issue “electronic invoices” to citizens there.
Perhaps most portentously, the International Monetary Fund (IMF) has weighed in. In a special report dated
June 2017, the IMF had this to say about blockchain:
“ Distributed ledger technology (DLT), in particular, could spur change in the financial sector. …. DLT can be categorized as “permissionless” or “permission-ed” depending on who can participate in the consensus-driven validation process. Permission less DLTs allow anyone to read, transact on, and participate in the validation process. These open schemes (that underlie Bitcoin, for instance in permissioned DLTs, the validation process is controlled by a pre-selected group of participants (“consortium”) or managed by one organization c (“fully-private”), and thus serve more as a common communications platform.” (emphasis added). IMF releases require expert translation because they are never written in plain English, and the real meaning is always hidden between the lines. But, the thrust of this report language is clear. The IMF favors “permission-ed” systems over “open schemes.” The IMF also favors control by a “pre-selected group of participants” or “one organization,”rather than allowing “anyone” to participate.
This paper should be viewed as the first step in the IMF’splan to migrate its existing form of world money, the special drawing right or SDR, onto a DLT platform controlled by the IMF. In time, all other forms of money would be banned.
These and other developments all point toward an elite group including the IMF, JPMorgan, the Davos crowd, the IRS, SEC, and other agencies converging to shut down the existing free-wheeling blockchain ecosphere, and replace it with a “permissioned” system under “consortium” control.
Big Brother is coming to the blockchain.
Cryptocurrencies and You
As I mentioned at the outset, I don’t own Bitcoin or other cryptocurrencies, and I don’t recommend them. These reasons, as explained, include bubble behavior, lack of performance through an entire a business cycle, possible fraud in the trading infrastructure, and government intervention in ways that are adverse to liquidity and confidence.
With that said, this doesn’t mean there aren’t ways to make money in the current Bitcoin and DLT euphoria.
The key is to find great companies that are innovating in DLT without relying on Bitcoin itself.
My favorite recommendation that meets these criteria is IBM (NYSE: IBM). While IBM may be a large, mature company with lagging earnings in recent years, it is an emerging beneficiary in the high-potential market for blockchain technology. For years, IBM has struggled to sustain its revenue base. Declines in IBM’s legacy businesses have more than offset its fast-growing divisions.
IBM now has an enormous opportunity to provide blockchain- based and other DLT solutions. The revenue potential is so large that investors may start anticipating a turnaround in IBM’s sagging top line by early 2018.
IBM’s new z14 mainframe will start shipping in September 2017. It can handle 12 billion encrypted transactions per day, which will appeal to financial institutions interested in DLT technology. IBM will also sell access to the z14 mainframe on the IBM Cloud as part of its IBM Blockchain services business.
IBM is also leading the way in development of the Hyperledger, the next generation of DLT and the more robust, open-source successor to the blockchain.
If IBM can gain revenue traction in blockchain and DLTbased markets, its stock will rally from a depressed base.
IBM trades at a low multiple of earnings and free cash flow, and it pays a dividend yield north of 4%. That’s a great base on which to form a new surge.
Investor sentiment toward IBM is low, which is reflected in its low valuation. We expect blockchain and DLT-based opportunities to be an important part of brightening investor sentiment, and expect returns of 30% or more in IBM over the next year.
All the best,
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Wells Fargo recently warned its investors about a possible downturn in the value of bitcoin after the digital currency’s value soared to a record-breaking $3,000 in early June. The world’s second-largest bank typically abstains from such speculations, but bitcoin’s growing influence in the financial world is becoming nearly impossible for banks like Wells Fargo to ignore.
Bitcoin, first released in 2009 by an unknown individual or group of individuals, is a digital currency system that is largely decentralized. The platform works more like a peer-to-peer file sharing program than a traditional bank, since individuals deal directly with each other rather than through a third-party.
Every transaction is added to a sort of digital ledger that can be accessed by anyone who is a part of the Bitcoin network. All users own a personal copy of this ledger, known as the blockchain. This makes it nearly impossible to commit large-scale fraud through the blockchain itself, since there’s no single hub that can be compromised.
In an ordinary financial system, each transfer of money is verified and approved by a trusted institution. Without the safety and accountability of a central authority, bitcoin encourages users to crack a mathematical equation in order to prove that the transfer of currency is valid. Those who participate, known as “miners”, receive financial rewards — in the form of new unlocked bitcoin — as an incentive for proving the veracity of a particular transaction.
The most hardcore bitcoin enthusiasts tout the currency’s ability to empower the two billion unbanked individuals across the world who have traditionally been cut off from international commerce and financial safety. But that is predicated on one’s ability to actually obtain the cryptocurrency, which in most cases requires access to internet infrastructure and at least some degree of technical knowledge.
As bitcoin goes mainstream, many traditional banks believe that investment in the growing digital currency industry is vital to their own success. Yet bitcoin’s ideologically resolute early adopters, whose original intent was to undermine those big businesses and central banks, view the centralization of bitcoin as perhaps its biggest threat. Some of the most loyal bitcoin pioneers, including London-based entrepreneur Akin Fernandez, say the digital currency’s features can’t be successfully replicated into a centralized monetary system.
Fernandez is a bitcoin purist through-and-through, and like many vehement cryptocurrency activists, that’s largely due to his political orientation. Informed by a strictly libertarian ideology, he sees the digital currency as a nearly utopian tool for undermining State authority and achieving economic freedom. That makes him especially suspicious of bitcoin storage applications that even remotely resemble a conventional banking system.
Fernandez holds a particular distaste for Coinbase, one of the most widely used digital wallets used to store bitcoin online.
“Coinbase comes from the Goldman-Sachs banking culture,” he tells WhoWhatWhy, finding particular issue with the degree of control the company possesses over users’ transaction keys.
Coinbase has been criticized by some for accepting investments from corporations like the United Services Automobile Association (USAA) and the New York Stock Exchange. It’s also faced a number of technical issues, including a website crash in May which sent many of its users into a selling panic.
That fear was entirely justified, especially after the downfall of the centrally-operated site Mt. Gox still fresh in trader’s minds. In the Mt. Gox incident, the company halted all transactions and eventually filed for bankruptcy after it was discovered that hackers had extracted roughly half a billion dollars worth of bitcoin from the site since 2011. Fernandez says those kinds of issues won’t end anytime soon for companies that do not adopt bitcoin’s core principles.
He explains, “They’re going to lose because the people that are coming after them — the second generation businesses — actually understand what bitcoin is because they come from bitcoin culture.”
Fernandez hopes to be among those second-generation innovators. He’s developing a new system known as Azteco which allows consumers to obtain bitcoin without the help of a third-party banking system. It works similarly to how one would add minutes to a non-contract cellphone. The customer purchases a 16-digit voucher from a local vendor and enters it online to instantly obtain his or her bitcoin, making it unnecessary to disclose any personal information, as other providers have required.
For now though, Dr. Campbell Harvey, professor of international business at Duke University, says the small trading fees on Coinbase and other popular digital wallet platforms are not as intrusive as some might suggest.
“At minimum, [bitcoin] makes the middle people more efficient,” he told WhoWhatWhy. “So, for example, I have no problem dealing with Coinbase and dealing with their small ‘middle-person’ fee because it is very small compared to what a bank would charge me. So, they’re [still] disrupting banking.”
According to Harvey, it’s possible that banking companies might borrow techniques from Bitcoin to create their own competing digital currencies.
“Every major central bank in the world is investigating this technology because they realize that the future for them is in digital cryptocurrency,” he explains. “To go digital, they need to use blockchain technology. They know that this is the future, so they are not hesitant at all.”
While financial institutions race to grab a share in the digital currency market, smaller bitcoin startups continue to prove that they are a viable option, for casual customers at least. Although Azteco currently has a limited reach (its vendors are mostly confined to the London area) other bitcoin entrepreneurs are implementing similar methodologies in new territories.
The startup Genesis Coin, for example, has installed over 440 physical bitcoin ATM’s in malls and shopping centers across the world. At these locations, customers can instantly translate currency from their banking accounts into bitcoin vouchers to place onto whatever management platform they prefer. Yet, there’s been almost no implementation of this technology in the regions that have the most to gain, such as across the continent of Africa, where money transfer fees cost $1.8 billion annually.
Many politically-driven bitcoin startups argue that the essential premises of libertarianism and bitcoin are nearly indistinguishable: that they work best with the fewest regulations and barriers to entry and that investment in places like Africa will happen naturally over time. However, we know there are often catastrophic side-effects to any unregulated market as it interacts with real people who do not always act in perfectly predictable patterns.
And while most currency agencies (e.g., central banks) can attempt to stabilize a market by adding more money to the collective pool, bitcoin is inherently a scarce resource. The blockchain code is set up so that after 21 million bitcoins enter into circulation, there won’t be any left to mine, creating a sort of virtual gold standard. Greek economist Yanis Varoufakis argues that as the rate of bitcoin purchases increases while the supply of bitcoin remains constant, a dramatic deflation could occur. Bitcoin owners would likely be unwilling to spend their currency, knowing that its price would continue to rise exponentially, while businesses trading in bitcoin would face ever-decreasing profit margins.
Already, bitcoin’s value has fluctuated erratically in the online marketplace. In its early days, one bitcoin was only worth a fraction of a US dollar. Since then, the currency’s value has skyrocketed. In early June, bitcoin reached its highest trading rate yet, valued at over $3,000 by the CoinDesk Bitcoin Price Index. But that number has already dropped significantly, and despite analysts’ best guesses, there’s no telling where it’s going next, in the short-term at least.
Although bitcoin’s unique blockchain technology helps prevent traditional forms of fraud, it’s perhaps the most popular currency for purchasing illegal substances on the so-called “dark web.” Often combined with anonymous software which conceals users’ online interactions, bitcoin can be used to digitally purchase all things illegal, including drugs, sex, fake IDs, and weapons. It’s also the currency-of-choice for ransomware hackers, such as those behind the widely covered “WannaCry” attack in mid-May which targeted Microsoft computers across the world. That attack effectively compromised users’ computer data by encrypting it, then asked for bitcoin as ransom for its release.
Just yesterday, a major new ransomware attack known as “Petya,” with similar characteristics to WannaCry, began spreading across the globe and causing major disruptions. The ransomware demands $300 worth of bitcoin in order to decrypt the computer’s data.
But Harvey, the Duke professor, argues that using bitcoin for illegal purposes isn’t as safe as many might assume. He explains, “Those criminals don’t understand bitcoin. They think it’s anonymous, but it only has limited anonymity. When they’re caught, the trial is very short. Exhibit A is the blockchain with their transactions in it. And you can’t argue — you’re done. So, bitcoin is perhaps the last thing you’d want to use for criminal activity.”
Even with criminal issues set aside, the fundamental principles that make bitcoin more accessible in places like London aren’t always practical in less developed regions. A recent essay released by the United Nations Research Institute for Social Development (UNRISD) warns that bitcoin infrastructure excludes people who do not have the necessary credit to trade for the digital currency. Individuals with limited internet access have also been left out of the equation.
Additionally, UNRISD contends that bitcoin’s safety precautions might not be fully suitable for participants whose governments have yet to support digital currency. For example, it’s impractical to encourage rural farmers in South Africa who rely on local government protection to adopt a digital technology that is still unsupported by state institutions.
Although new bitcoin delivery methods may provide more accessibility and economic security for those who have access to them, it remains difficult for the majority of the two billion unbanked individuals across the world to efficiently trade the cryptocurrency. Those who have been forgotten by traditional financial industries are still waiting, as they have been since Bitcoin’s inception, for ATMs and voucher systems that will bring Bitcoin’s original political concept closer to fruition.
Who needs IPOs when you have blockchain, and a lot of people willing to throw good money, or rather cryptocurrency, after bad something totally unknown.
Presenting the Initial Coin Offering (ICO) for Tezos, a blockchain startup which has tapped a virtually unlimited source of funding, and has raised over $200 million in just four days. Tezos is already the biggest ICO in history and with the sale scheduled to continue for another 8 days, may end up raising over half a billion dollars.
Recently, blockchain startup Block.One hit a record funding, raising around $185 million in the first five days of the crowdsale. Prior to that, another startup, called Bancor, netted nearly $150 million in contributions during the first three hours of its ICO.
What makes Tezos different from a recent surge in similar such offerings, is that this ICO is not based on Ethereum and instead operates on an entirely new blockchain, a "self-amending cryptoledger" that rewards developers who upgrade the network's protocols and allows for "seamless," consensual upgrades of those protocols (read the white paper here for more detail). Which, as Mashable points out, makes it a competitor to Ethereum.
Established by a husband and wife team, Tezos is an independent smart contract system built as an alternative to Ethereum. The platform has been under development over the last three years. Arthur Breitman and Kathleen Breitman used their extensive experience to develop the new blockchain solution. And here is another striking fact: Arthur Breitman previously worked at the high frequency trading desk at Goldman Sachs and served as an options market maker at Morgan Stanley. Meanwhile, Kathleen Breitman is a former management associate at Bridgewater. The startup is focused on "transparency, security and governance by consensus as fundamental design goals."
The Tezos tokens, Tezzies or XTZs, can be purchased with both Bitcoin and Ethereum, and as of this morning, there is no scarcity of demand: Tezos has already raised 53,575 BTC and 273,838 ETH, for a total of approximately $210 million at current prices.
This already makes the Tezos ICO the largest in history (overshadowing the recent Bancor ICO, which raised $153 million). It may also explain the ongoing drop in ETH prices observed in recent days.Another important point: unlike many recent ICOs, the Tezos ICO is uncapped, meaning there's no upper limit of funds the company can raise, what is likely to drive a widespread distribution of tokens. Initially the token sale was planned to start in the middle of May, but at the last minute was postponed to June.
The only limit is time, and with approximately 8 days and 14 hours to go, the ultimate amount Tezos will raise will likely be a lot bigger than it is now. As Reuters reported in May, Tezos received investment from venture capitalist Tim Draper, which attracted additional interest to the startup. Draper is also going to invest in the US-based Dynamic Ledger Solutions Inc, the developer of Tezos. The details of the investment were not disclosed. According to Coinspeaker, Draper first unveiled his desire to take part in Tezos’ token offering in May, thus becoming the first prominent VC investor to participate in an ICO. Some industry players are still concerned about the possible risks of token sales and the lack of regulatory control.
Draper believes that by investing in the startup he will set an example for other investors to embrace this new type of funding. Another well-known American entrepreneur, Mark Cuban, unveiled that he is going to participate in his first ICO.Of course, the interest may wane in the coming days, and the ultimate amount Tezos will raise depends on the highly volatile Bitcoin and Ethereum cryptocurrencies. As Stan Schroeder points out, the price of both BTC and ETH has fallen considerably in the last several weeks; if they were anywhere near their all-time highs (which they were around the time of the Bancor ICO), Tezos would already be sitting on more than $250 million. It is unclear if the recent drop in cryptos is linked to the giant ICO.
Another notable similarity between Tezos and Bancor is that both startups are "incredibly ambitious, with intent to change the cryptocurrency landscape forever. Some hot names are on both companies' teams; for example, venture capitalist Tim Draper has invested in both companies. And both companies have been criticized in the cryptocurrency community for letting their fundraisers collect insane amounts of money."
Many have already warned about the easy and facility with which ICO can raise funds, and Tezos is no different: it is worrisome to see startups that have barely launched their first finished product raise hundreds of millions of dollars.
"Tezos (...) do have a solution that could mitigate some of the issues seen with other blockchain tokens through their governance model," Charles Hayter, CEO of CryptoCompare, told Mashable in an emailed statement. But he, like many others, warned that uncapped ICOs are problematic. "ICO's which are uncapped are dangerous as they imply and show a complete disregard for corporate discipline - and to an extent an element of disrespect for the investor. The question that needs to be asked is can the job be done with less money (...) and that throws a spotlight on the fairness & truthfulness of the proposition being offered," he said.
Yet despite growing criticisms, Tezos' ICO is proof that token crowdsales are still incredibly hot, both for traders looking to earn a quick buck by flipping new tokens and for crypto-related startups looking to get funded. Over-the-roof valuations will make it increasingly hard for these crowdfunded startups to prove their worth, and as Schroeder warns, "it feels like some sort of crash is inevitable, but it hasn't happened yet."
Support and follow the truth told by the alternate media in the Internet Reformation Revolution. In the coming deflation phase of the Greater Depression, your assets will drop 90 per cent in price and unemployment will spike to 50 percent. We have to hang together or the Zionist fascist New World Order police state will hang us separately and abscond with the rest of the gold. Stop the Money Power tyranny of price fixing and booms and then terrible busts!
Store water,food,guns, ammo, necessities, mattress cash and gold and silver because a collapse in society will mean a bitcoin collapse too.
Copyright 2013-2017 by Delwyn Lounsbury - The Deflation Guru
If you have access to posting on a website, for the sake of your children, your grandchildren, America, the Constitution and the liberty and truth movements - PLEASE LINK to this page and the HOME PAGE/index.html page and any other article you see as relevant so as to play it forward and gain page position on search engines pages.
www.deflationeconomy.com - How to survive the coming elite bankster caused deflationary Greater Depression. Hurry and get prepared! Store food, water, guns, mattress cash and necessities as a deep dire dangerous crash sends 90% of the value of most of your assets to money heaven for years.
The excrement is going to hit the fan. There will be riots in the streets as the biggest excess credit mania in history implodes with 90% drops in most stocks, bonds, real estate, and collectibles. Unemployment will exceed 50%. Even gold (after bouncing to $1,450 or so in 2018) will likely drop to $700 to $900. This is the big one, people, and it will not be over until 2022. In a bear market cash is king.
Right, the likely only bull market will be in cash!
Credit deflation will have to clear out all the elite globalist driven fiat monopoly money and malinvestment. POOF - go to money heaven. Cash will again be king and then at some time in the coming deflationary Greater Depression gold will take its rightful place as money to slay the foe of fiat money which is actually hidden taxation..
Trump and populism meanwhile get the black spot just like Herbert Hoover in the 1930s depression. Trump will have to declare martial law after the reset and resulting cataclysm. Stock averages (DOW) divided by real money or gold, PPI or CPI show 2000 as the true top.
PS Elliott Wave Theory says we are at nadir of wave B or fools rally aka bear market rally. The top will be spring of 2018 and bottom of wave C down in 2021 - 2022 with a 90% drop in most assets.
Result - worse than you think - global socialist totalitarian dictatorship. by feudalism.
www.one-world-government.org - A secret 300+ year totalitarian takeover try by financial power elite globalist central banksters cabal cartel and their cohorts - multinational corporations, crony military and punked educators.
Conniving think tanks running the world's governments behind the scenes: like the Council on Foreign Relations (CFR), the Trilateral Commission and the Bilderberg Group are all funded by giant corrupted tax exempt foundations controlling corrupt politicians, hoodwinked scholastic personnel, compromised government bureaucrats and other corrupted leaders. SABOTAGE!
With near total control of the mainstream media and Hollywood (top six news and entertainment corporations are owned by Zionists), BOTH neocons (neoconservatives) and neolibs (neoliberals) have directed history toward a fascist new new world order dictatorship. 9/11 is their biggest coup and the war on terrorism is the biggest red herring fake-out ever.
World War Three and a New Dark Ages depopulating the planet will be the result if we don't stop them. It is we-the-people who sacrifice money, labor, blood, lives and our future (and our children' future) to fascist collectivist communist globalist facilities like the pending trade tariff subterfuges and wars along with everything and anything connected to the United Nations, which takes our freedom and money.
BEWARE LOOMING LIBERTY LOSS AND MARTIAL LAW BY A BIG BROTHER FASCIST SURVEILLANCE STATE DICTATORSHIP RIGHT OUT OF GEORGE ORWELL'S "1984" BOOK.!
Beware the United Nations. Prepare for the coming deflation of the Greater Depression. Beware WWIII and coming New Dark Ages feudalism! The elite modus operendi (MO) is always build tension and chaos - out of chaos comes order - a new world order and CONTROL. This is the Marxist Hegelian dialectic and it is always about tension and turmoil leading to bigger Leviathan government CONTROL - of you.
Join the Internet Reformation Revolution! Store food, water, cash, guns and essentials. We will have to fight to the last man standing.
Delwyn Lounsbury lives "off the grid" on 50 acres which has over a thousand trees and few neighbors in the San Francisco Bay Area of California. He is an Eagle Scout - trustworthy and loyal.
Dell has been a licensed real estate agent since 1968 and is an award winning agent with Pacific Home Brokers.
In the seventies Dell published "The Economic Survival Letter."
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Recently, I concluded and wrote about in a previous article, that the present conflict with North Korea, Syria and ultimately Iran has everything thing to do with the final push for the Rothschild Banking Cartel to swallow up the last remaining central bank hold-outs. The world is a blink of an eye from being under total domination to Satan’s best representatives on the planet. A total in-your-face economic dictatorship is within the grasp of the New World Order crowd.
As an example of a globalist financial entity desiring to go cashless, we must consider that Mastercard recently conducted study in which they determined it was advantageous to move toward a cashless, digital currency. Their primary argument was based upon the notion that a cashless (i.e. Mark of the Beast) currency would save national governments between 10-15% GDP on their related economic costs. The reader can reference a Mastercard chart that breaks own the progress of the most-least users of non-cash payments at the end-point-of-sale.
The threats posed by the introduction of a cashless society are many. Most experts agree on the following dangers: TOTAL loss of Privacy – the creation of a digital trail of all your purchases, sales and transfers
Endangers Financial Freedom – a NWO single keystroke could freeze access to your account
Enables Negative Interest Rates – the government could literally tax you on every digital dollar you own There is a fourth danger and unless you know Jesus, you would never think of this danger which outweighs all the other dangers combined.
Mark of the Beast
Please allow me to review one of the most dire warnings in the Bible with regard to going cashless and adopting a total electronic end-point-of-sale.
Revelation 13:17 16 And the second beast required all people small and great, rich and poor, free and slave, to receive a mark on their right hand or on their forehead,
17. So that none could buy or sell unless he had the mark--the name of the beast or the number of its name.
18 Here is a call for wisdom: Let the one who has insight calculate the number of the beast, for it is the number of a man, and that number is six hundred sixty-six.
…As discussed in anearlier article, the list between the countries that the US is in conflict with, matches with the list of countries that are outside the control of the Rothschild banking cartel.
The Path Is Easy to Predict
North Korea will capitulate or be destroyed in which case they will be restored under the guise of a UN protectorate and their economy will be totally under the control of central banking
Syria will be attacked by NATO and probably UN Peacekeepers. They will fall but not before Russia nakes a stand. This is where World War III will commence. And of course, if Syria is defeated, Iran and the elimination of their oil-for-gold sales, which undermines the Petro-dollar, will go away.
And what will we be left with? All the nations of the earth will under the control of the Satanist Rothschilds.
What will the next step be?
Your future, your fortune and your soul are at risk. Since the Inauguration, I have learned that the Deep State is bigger than any President. Political decisions at that level are beyond the conrol of the people (through voting) and thy are more powerful than any President. Effectively, the people are limited to three options.
Engage in a bloody civil war which has less than a 40% of success (ie success rate for revolutions in the modern era). This is not a viable alternative.
Keep seeking political solutions which no longer exist. There is no justice at the highest levels of government. There is “Just us”!
Seek a spiritual solution. God can work miracles. However, we must remember that we are clearly a nation under God’s judgment. With our overt hedonism and murderous ways, God will never bring a miracle to our nation under the present set of circumstances, for if he did, God could not be God. It would take the majority of our citizens getting on bended knee and asking for forgiveness and direction from the ONE who has turned his back upon us. And what do you think the odds of that happpening are? The only spiritual solution, the only solution, to our dilemma is to seek individual salvation. This may very well be the only option left for each and every person.
Last night in an interview with Doug Hagmann, we reviewed these options at about the 50 minute mark of the broadcast.
Note* Barack Hussein Obama never wrote the book advertised here in a 1991 publishers promotional pamphlet put out by his literary agency, Acton & Dystel, of a coming Obama book for sale, "Images in Black and White."
Instead, Obama wrote (some say communist Bill Ayers actually wrote) "Dreams from My Father" an autobiography with a socialist slant depicting his communist father as an anticolonialist blaming the west for all the world's ills.
That is where lawless Obama's rogue renegade radical leftist transforming change ideas came from. Obama's upbringing came from communist family members (father and both grandparents on his mothers side), socialist mother and friends. In fact, Obama's mentor and tutor. Frank Marshal Davis, was on the FBI communist watch list - member of Communist Party USA (CPUSA) card number 47544. Then came Marxist groups in college and finally socialist groups like the New Party in Chicago where he was a community organizer (communizer).
See actual brochure from his publicist stating Barack Hussein Obama was born in Kenya, Africa - above.
His "Hope and Change" campaign slogan has morphed into WE HOPE HE CHANGES. Narcissist Obama showed himself to be an ideologue and a fascist dictator puppet and mole for the criminal Anglo American financial power elite international central banking families. This criminal cabal run by the Zioniist Rothschild and Rockefeller family cabal cartel control all the central (sovereign) banks of the world and wants one world government/new world order aka new underworld order control goal of global socialist fascist dictatorship at any cost or means.
Deflation in the Greater Depression, which actually began with the year 2000 dot com bust, along with the plight of most American citizens worsened under his statist agenda. Obama's legacy will be trillions of wasted stimulus spending, grotesque government growth and over 1,000 dictatorial executive orders - many unconstitutional - most illegal - all socialist and/or communist.
Working for his elite Rothschild handlers, Obama has led us to the brink of economic collapse and planned coup by Zionist bankster oligarchs who already control both political parties in America..
A phony Iran, Syrian and Ukrainian war leading to a phony World War Three threatening the very survival of mankind is next if we don't stop the insanity. Watch out for false flag nuclear explosions in the Ukraine and Iran.
The American, NATO and Israel elite scheme is to get the people so confused and demoralized that they can abscond with the last of the world's middle classes power, freedom and money in the coming Greatest Depression.
THINK: BIG BROTHER AND THE MAFIA JOIN UP!
The BANKSTER elite want a fascist socialist one world government dictatorship.
It's all about control of you and I. Pure Tyranny!
WHY PRESIDENT JOHNSON, J. EDGAR HOOVER, THE CIA, THE MASSOD, THE MAFIA, THE BANKSTERS KILLED PRESIDENT KENNEDY IN A FASCIST COUP TO FURTHER ONE WORLD GOVERNMENT BY SOCIALIST DICTATORSHIP * PS MAINSTREAM MEDIA, HOLLYWOOD AND BOTH POLITICAL PARTIES ARE NWO COMPLICIT
WHY NEW WORLD ORDER DEMIGODS KILLED THE KENNEDY CLAN
SPEECH BY JFK - 1961
"The very word "secrecy" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and secret proceedings.
We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers which are cited to justify it. Even today, there is little value in opposing the threat of a closed society by imitating its arbitrary restrictions.
Even today, there is little value in insuring the survival of our nation if our traditions do not survive with it. And there is very grave danger that an announced need for increased security will be seized upon those anxious to expand its meaning to the very limits of official censorship and concealment.
That - I do not intend to permit to the extent that it is in my control.
And no official of my Administration, whether his rank is high or low, civilian or military, should interpret my words here tonight as an excuse to censor the news, to stifle dissent, to cover up our mistakes or to withhold from the press and the public the facts they deserve to know."
For we are opposed around the world by a monolithic and ruthless conspiracy that relies on covert means for expanding its sphere of influence--on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day.
It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.
Its preparations are concealed, not published. Its mistakes are buried not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed."
"No President should fear public scrutiny of his program. For from that scrutiny comes understanding; and from that understanding comes support or opposition. And both are necessary.
I am not asking your newspapers to support the Administration, but I am asking your help in the tremendous task of informing and alerting the American people. For I have complete confidence in the response and dedication of our citizens whenever they are fully informed.
I not only could not stifle controversy among your readers-- I welcome it.
This Administration intends to be candid about its errors; for as a wise man once said: "An error does not become a mistake until you refuse to correct it." We intend to accept full responsibility for our errors; and we expect you to point them out when we miss them.
Without debate, without criticism, no Administration and no country can succeed-- and no republic can survive.
That is why the Athenian lawmaker Solon decreed it a crime for any citizen to shrink from controversy.
And that is why our press was protected by the First Amendment-- the only business in America specifically protected by the Constitution-- not primarily to amuse and entertain, not to emphasize the trivial and sentimental, not to simply "give the public what it wants"--but to inform, to arouse, to reflect, to state our dangers and our opportunities, to indicate our crises and our choices, to lead, mold educate and sometimes even anger public opinion.
This means greater coverage and analysis of international news-- for it is no longer far away and foreign but close at hand and local. It means greater attention to improved understanding of the news as well as improved transmission. And it means, finally, that government at all levels, must meet its obligation to provide you with the fullest possible information outside the narrowest limits of national security...
And so it is to the printing press--to the recorder of mans deeds, the keeper of his conscience, the courier of his news-- that we look for strength and assistance, confident that with your help man will be what he was born to be: free and independent."
By John F. Kennedy 1961
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