WHO REPRESENTS WHOM AND DID OUR FOUNDERS SUPPORT TERM LIMITS?

12/08/2016

http://www.rebelmadman.com/?p=589

7-5-2015 8-03-40 AM

 

by michael.d.gaddy@gmail.com

It is a sound and important principle that the representative ought to be acquainted with the interests and circumstances of his constituents.” James Madison, ~ Federalist #56

Article I Section 2 of our Constitution states in part, “The number of representatives shall not exceed one in every thirty thousand.” This number had been originally set at one representative for every 40,000 population in the Constitutional Convention of 1787, but at the recommendation of George Washington, the number was lowered to the numbers presently in Article I Section II. Washington stated that one representative for every 40,000 citizens was too large to “secure the rights and interests of the people.”

During the various state ratification conventions, the Anti-Federalists voiced their concerns the number of representatives per constituent would not rise as the population increased and it would be impossible for a single representative to adequately represent an ever increasing population. To which James Madison responded, “The number of representatives will be augmented from time to time in the manner provided by the constitution.” And so it was until 1910.

In 1910, the Congress reapportioned the House of Representatives from 393 members to 435, the same number we have today. Since 1910, the congress has repeatedly violated the provisions of the Constitution by not reapportioning the number of members in the House according to the census. Consequently, today, each member of the House of Representatives supposedly knows and understands the “rights and interests” of all of his/her 741,981 constituents.

Obviously, those in Congress way back then, understood if the number of representatives increased according to the Constitution, their individual power would become diluted and the campaign donations and special interest bribes would have to be split more ways. Is there anyone outside of the government cabal who believes any one person can truly represent the rights and interests of 742 thousand people? Our founders certainly didn’t think so!

Campaign costs have risen dramatically over the past few decades. In 2016, Colorado representative Mike Coffman spent over 3 and 1/4 million dollars to be reelected to a job for two years that pays 175,000 per annum. Whose “rights and interests” will be supported by this member of congress: the special interests who contributed the majority of that 3.25 million, many of whom do not live in this man’s district or even the state of Colorado, or the common citizen who is fighting to keep their head above water in this economy? No brainer, huh?

The price of admission into the political matrix is much too high for any ordinary citizen to contemplate. Therefore, the “rights and interests” of the common citizen which so concerned George Washington in 1787, are of little to no value to our current congressional membership, or by default, the voters who continue to elect them.

While the question would be: how could we ever afford to pay 10,000 members of the House of Representatives? My answer would be: convert them into citizen-politicians with strict term limits and drastically reduce their pay and the ability to play to special interests. What about more representatives for the people and less welfare and warfare? After all, it is in the Constitution.

With all of the new technology today, why should our representatives have to move to the District of Criminals? Would not representation be much better if the representative actually lived among those they are tasked with representing? If we scattered the covey, would it not make it harder for the lobbyists to wine and dine them all?

A possibility could be: rather than increase the number of members of the House of Representatives to absurd numbers, we could allow the states to resume some of the expressly delegated powers that have been seized by the federal government and bring us back in accord with our 9th and 10th Amendments.

Now, about those term limits. Let us venture back a moment to those Articles of Confederation, specifically Article V.

“For the most convenient management of the general interests of the United States, delegates shall be annually appointed in such manner as the legislatures of each State shall direct, to meet in Congress on the first Monday in November, in every year, with a power reserved to each State to recall its delegates, or any of them, at any time within the year, and to send others in their stead for the remainder of the year.

No State shall be represented in Congress by less than two, nor more than seven members; and no person shall be capable of being a delegate for more than three years in any term of six years; nor shall any person, being a delegate, be capable of holding any office under the United States, for which he, or another for his benefit, receives any salary, fees or emolument of any kind.”

It is safe to say, especially so for those known as Anti-Federalists, our founders did not in any way support “career politicians.” One year terms and no delegate shall serve more than 3 years in any 6 year period is proof positive. I personally doubt you will find any member of Congress today who would agree with Article V of the Articles of Confederation.

Term limits were a part of James Madison’s “Virginia Plan” which was repeatedly voted down in the Convention of 1787, not because of the term limits provision but primarily because of the nationalistic position which would have made the states totally subservient to the central government. As a stand-alone provision term limits were rejected at the Philadelphia Convention “as entering too much into detail for general propositions.” As in many other aspects of our Constitution and Bill of Rights, the loss of state’s rights and the idea of a strong central government has been established by usurpation and tyranny.

Several of our founders, especially the Anti-Federalists, were very much in favor of term limits for those in government, some even insisted. A former officer in the Revolutionary Army responded to James Wilson of Pennsylvania, a federalist/nationalist concerning term-limits or “Rotation” as it was referred to during our founding era, “Rotation, that noble prerogative of liberty, is entirely excluded from the new system of government, and great men may and probably will be continued in office during their lives.” Another Patriot stated, “There is no provision for a rotation, nor anything to prevent the perpetuity of office in the same hands for life. which by a little well-timed bribery will probably be done to the exclusion of men of the best abilities from their share of offices in the government.

Melancton Smith, a staunch Anti-Federalist who wrote under the nom de plume of the Federal Farmer, stated that rotation/term limits “have a tendency to diffuse a more general spirit of emulation and to bring forward into office the genius and abilities of the continent.” Smith also stated, “A numerous body of  enlightened citizens stood ready to serve, if the Constitution, through rotation would limit the power of the rich and influential.”

Thomas Jefferson was most upset that no provision for rotation/term-limits was included in the Constitution believing that after a Bill of Rights, rotation was the most important item that should have been included. In a letter to James Madison, Jefferson stated the

Constitution, “abandoned in every instance the necessity of rotation in office.”

The rightful concerns of the Anti-Federalists were exemplified in the passage of the 22nd Amendment.

Candidates/incumbents for reelection to the US Congress will state overwhelmingly the need for “experience and seniority” and declare forever the wisdom of re-electing them over and over.  Considering the current state of the economy and social unrest in this country, one might want to ask themselves “experience and seniority” at what: stealing, plundering and making themselves and their political cronies rich? At giving away their constitutional powers and duties to the Executive branch? At spending other people’s money?

Career politicians are anathema to Liberty and Freedom. But, we must all remember, we can’t depend on someone else to “drain the swamp” for us. We must do that ourselves. Voting every set number of years for a new master does not remove one from the perils of slavery, to paraphrase Lysander Spooner.

The overwhelming brilliance and knowledge of history led those known as the Anti-Federalists to strongly oppose several provisions of our government that have made them appear psychic to many students of the founding era. The things they warned of and the things they wanted included in our Constitution, which were not, have proved to be very prophetic.

It would be most productive if all American citizens would take the time to read and understand this group of American founders. Then, instead of listening to campaign lie after campaign lie and placing a vote based on hope or political party affiliation, we quite possibly could see real progress in the battle for Liberty against tyranny. BUT,——-I’m not holding my breath. Asking most Americans to both think and read seems an effort in futility.

IN RIGHTFUL REBEL LIBERTY

Mike

Much of the information listed in this article can be found in “The Crossroads for Liberty: Recovering the Anti-Federalist values of America’s first Constitution” by William J. Watkins Jr.

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What Comes Next for American Job Destruction?

12/07/2016

https://projectchesapeake.wordpress.com/2015/03/

11-25-2016-9-58-11-am

by sierra2one

By: Tom Chatham

Since the 1970’s the job opportunities in America have slowly dwindled to the point of total economic collapse, at least for the blue collar worker. No longer can a person expect to go out and get a job at will in the field of his choice. The jobs are now far and few between and they are mainly service related and part time at best. While there are still good jobs to be had in some sectors, these are highly specialized and very competitive. Only a few lucky individuals get them. It leaves very little for the bulk of the job seeking public. Over the years we have seen a gradual decay of the job market from one sector to another.

First agriculture jobs gave way to manufacturing jobs. Then manufacturing jobs gave way to service sector jobs. Then full time jobs gave way to part time jobs. The problem with service related jobs is that you must have a productive economy where people have large mounts of excess, spendable income to support the service economy. Most people no longer have the excess money to spend on less critical items. So what comes next in the great American job game?

That can only be one thing. Part time jobs will give way to no jobs. The day when Americans can no longer work for others to create income is fast approaching. This means many will need to take matters into their own hands and create their own jobs. When the economy becomes dysfunctional only small business will be able to pull it out. That means more individuals taking the risk to produce products that society needs on the local level.

The major impediment to that type of recovery is the government itself. The mass of bureaucracy now in place is meant to stifle any individual productive effort. If government cannot control it, it kills it. This must change and will change once Americans feel enough pain and begin to defy the government.

In the early to mid 20th century, mom and pop operations littered the highways of America. Small stores sold many assorted items that allowed families to survive and prosper even in difficult times. This entrepreneurial spirit is what made America what it is or at least what it was.

The days of producing products for a worldwide market are largely over for the U.S. which means many of those manufacturing jobs will not come back because we can no longer compete economically. This will force society to embrace former economic models that worked, at least enough for society to survive. This means small scale production directed at local markets.

As I stated in Rebuilding the Republic, we will be forced to go back to a society where about 20% of the population lives and works on small diversified farms. This will provide stable working and living conditions for a substantial percentage of the population no matter what the economic conditions are.

This will take 20% of the population out of the job market allowing less competition for the few manufacturing jobs that exist. There will also need to be a shift from large corporate systems to smaller local systems. This will spread the profits from sales more evenly across the nation and allow a smaller economy to sustain the population as it once did. Instead of corporations getting the lions share of the profits it will be left in the hands of local merchants and producers who spend it locally.

Lets not live under any delusions. The west line has moved to the far east and China will be the next industrial power. America will never again be as it once was. This means we will need to focus on building a smaller more efficient economy that provides the basic necessities for the nations people. That also means the many social programs that many now enjoy will have to go out of financial necessity. We will not be able to afford them in the future. Many will not like to hear that but that is the cold hard reality we must face as a nation.

You may not like my conclusions, but do not think that money printing and government controls will solve everything because we already know they don’t. Americans need to realize that the nation as we know it must change the current dysfunctional model if we are to survive as an entity. Change is coming and ignoring it will not do any good.

OLDDOGS COMMENTS

It saddens me to know that few of my readers can accept the destruction of their world, and will scoff at this information and suffer degradations unspeakable for their ignorance. If you have any instinct left try and envision life with no transportation, no electricity, and no protection from the weather, or your fellow man. If you can at least do that, maybe you will survive. The good times are over!

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Global Financial Markets Plunged Into Chaos As Italy Overwhelmingly Votes “No”

12/06/2016

http://www.activistpost.com/2016/12/global-financial-markets-plunged-chaos-italy-overwhelmingly-votes-no.html

12-6-2016-12-18-19-pm

By Michael Snyder

Italian voters have embraced the global trend of rejecting the established world order, but the “no” vote on Sunday has plunged global financial markets into a state of utter chaos.  The euro has already fallen to a 20-month low, Italian government bonds are poised for a tremendous crash, and futures markets are indicating that both U.S. and European stock markets will be way down when they open on Monday.  It is being projected that Italian Prime Minister Matteo Renzi’s referendum on constitutional reforms will be defeated by about 20 percentage points when all the votes have been counted, and Renzi has already announced that he plans to resign as a result. When new elections are held it looks like comedian Beppe Grillo’s Five-Star movement will come to power, and the European establishment is extremely alarmed at that prospect because Grillo wants to take Italy out of the eurozone.  In the long run Italy would be much better off without the euro, but in the short-term the only thing propping up Italy’s failing banking system is support from Europe.  Without that support, the 8th largest economy on the entire planet would already be in the midst of an unprecedented financial crisis.

I know that I said a lot in that first paragraph, but it is imperative that people understand how serious this crisis could quickly become.

This “no” vote virtually guarantees a major banking crisis for Italy, and many analysts fear that it could trigger a broader financial crisis all across the rest of the continent as well.

Just look at what has already happened.  All of the votes haven’t even been counted yet, and the euro is absolutely plummeting

The euro dropped 1.3 percent to $1.0505, falling below its 1 1/2-year low of $1.0518 touched late last month, and testing its key support levels where the currency has managed to rebound in the past couple of years.

A break below its 2015 March low of $1.0457 would send the currency to its lowest level since early 2003, opening a way for a test of $1, or parity against the dollar, a scenario which many market players now see as a real possibility.

In early 2014, there were times when one euro was trading for almost $1.40.  For a very long time I have been warning that the euro was eventually heading for parity with the U.S. dollar, and now we are almost there.

Meanwhile, Italian government bonds are going to continue to crash following this election result.  This is going to make it even more difficult for the Italian government to borrow money, and that will only aggravate their ongoing financial troubles.

But the big problem in Italy is the banks.  At this moment there are eight banks in imminent danger of collapsing, and virtually all of the rest of them are in some stage of trouble.  The following comes from a Bloomberg article about the crisis that Italian banks are facing right at this moment…

They’re burdened with a mountain of bad loans. Their stocks have cratered. And they have to operate in an economy prone to recession and political upheaval.

Signs have been mounting for months that Italy’s weakest lenders, and in particular Banca Monte dei Paschi di Siena SpA, were sliding toward the precipice, threatening to reignite a broader crisis.

And we may get some news regarding the fate of Banca Monte dei Paschi di Siena as early as Monday morning if what the Sydney Morning Herald is reporting is correct…

A last-gasp rescue for Monte dei Paschi di Siena, the world’s oldest surviving bank, has been thrown into doubt after reformist prime minister Matteo Renzi decisively lost a referendum on constitutional reform on Sunday.

MPS and advisers JPMorgan and Mediobanca will meet as early as Monday morning to decide whether to pull a plan to go ahead with a €5bn recapitalisation, the FT reports, citing people informed of the plan.

Senior bankers will decide whether to pursue their underwriting commitments or exercise their right to drop the transaction due to adverse market conditions, these people said. In the event the banks drop the capital plan, the Italian state is expected to nationalise the bank, say senior bankers.

Jan 1 2017 – Trigger Event for the US Dollar? (Ad)

If Banca Monte dei Paschi di Siena fails, major banks all over Italy (and all over the rest of Europe) could start going down like dominoes.

So what were Italians voting on anyway?

Well, the truth is that the constitutional reforms that were proposed actually sound quite boring

The changes involve sharply reducing the size of one of the chambers of Parliament — the Senate — shifting its powers to the executive, and eliminating the Senate’s power to bring down government coalitions.

The amendments also shift some powers now held by the regions to the central government, thereby reducing frequent and lengthy court battles between Rome and the regional governments.

The reason why this vote was ultimately so important is because it became a referendum on Renzi’s administration.  The fact that he announced in advance that he would resign if it did not get approved gave a tremendous amount of fuel to the opposition.

So now Beppe Grillo’s Five-Star Movement stands poised to come to power, and that could be very bad news for those that are hoping to hold the common currency together.

The following is how NPR recently summarized the main goals of the Five-Star Movement…

It calls for a government-guaranteed, universal income, abolishing Italy’s fiscal commitments to the European Union and a referendum on Italy’s membership in the Euro — a prospect that could unravel the entire single currency Eurozone.

If Italy chooses to leave the euro, it will probably mean the end of the common currency, and the continued existence of the entire European Union would be called into question.

So this vote on Sunday was huge.  The Brexit had already done a tremendous amount of damage to the long-term prospects for the European Union, and now the crisis in Italy is sending political and financial shockwaves throughout the entire continent.

Over the next few weeks, keep a close eye on the euro and on Italian government bonds.

If they both continue to crash, that will be a sign that a major European financial crisis is now upon us.

And what happens in Europe definitely does not stay in Europe.

If Europe goes down, we are going to go down too.

At this point we still have almost a month left in 2016, but 2017 is already shaping up to be a very troubling year.  As always, let us hope for the best, but let us also keep preparing for the worst.

Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.

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The Deep States Attempt To Suppress India’s Gold Demand

12/05/2016

http://investmentresearchdynamics.com/category/financial-markets/

The primary objective of the Indian currency demonetization was to sharply reduce gold demand in the world’s most important retail market, India, one that is controlled by the Deep State oligarchy via a captured agent, its Prime Minister [Modi]. The manner in which the demonetization was carried out indicates some kind of desperation…Stewart Daugherty

Indian Demonetization Denotes Severe Stress in the Global Gold Market

By Stewart Dougherty

It is becoming clear that the Indian currency demonetization is actually a planned attack on Indian gold demand, launched to disrupt gold prices and discredit gold as an asset class. The attack was required to alleviate severe stress in the global gold market that is becoming increasingly difficult for the Deep State controllers to contain.

For two decades, physical gold has been migrating from the west to the east in increasing quantities. Numerous reports cross-confirm that the world’s leading refineries are operating at capacity to convert western gold into the kilo products demanded by Asian buyers. Refiners also confirm that the sourcing of western gold has become problematic, as supplies dry up in the face of voracious world, and particularly eastern demand.

Western central bankers and their Deep State handlers have made it clear that they intend to transition to a cashless society. However, they are not yet ready to make this transition. Therefore, their current focus is to start the process by eliminating high-denomination currency, such as Euro 500 and USD 50 and 100 notes. At the same time, they are working to digitize the payment infrastructure, a prerequisite to the elimination of cash.

Their problem is the steady awakening of the people to the disturbing implications of a cashless society, and to the assault on human liberty it represents. The Deep State oligarchs must implement their agenda before the people mobilize to prevent it from being imposed upon them.

The Deep State oligarchs understand that the western governments they commandeer are bankrupt. To continue operations, they must tap into the people’s private wealth for funding. In fact, the IMF has produced a position paper recommending a “one off capital levy of 10%” (a 10% wealth tax), to deal with western governments’ intractable fiscal problems. The authors of this paper state that the “levy” must be imposed at night and by total surprise, to prevent citizens from being able to take any steps to avoid it.

This type of ambush is exactly what just happened in India, with its shock demonetization.

The IMF’s proposal does nothing to change governments’ current trajectory of greater deficits and debt; the money raised would simply be used to service existing debt. This means the first capital levy will just be one of many going forward. Governments’ only solution is to expropriate the private wealth of the people, which is exactly what the IMF has admitted.

If people have cash and other private monetary assets outside of the banking system when the “capital levy” is imposed, governments will lose out. This is one of their primary motivations to eliminate cash: in order to maximize proceeds from the capital levy, they need the greatest possible amount of money within the banking system, in non-withdrawable, digitized form, when the levy is executed.

It is not in the interests of governments if people figure out that they are far better off being their own bankers, by privatizing their monetary assets, than handing them over to commercial bankers, who have become wards and enforcement agents of the state. Therefore, a full scale campaign is underway to demonize cash and to make precious metals appear dangerous by routinely pulverizing their prices.

In the meantime, supplies of physical metals in the west constantly diminished and are now strained. This means that the bullion banks’ LBMA and Comex paper price suppression activities must steadily escalate for them to maintain control of a market that is spinning out of their control. Unlike eastern investors, western investors tend to buy into rising prices, as they chase momentum. Rising prices can lead to a buying stampede. If a buying stampede were to break out in today’s supply-stressed precious metals market, prices would surge, which would be antithetical to the Deep State oligarchs’ agenda.

Given that Deep State operatives can do nothing to increase western gold supply, their only options are to somehow discover supply elsewhere, and/or to crush gold demand.

The “somehow” is India, a nation whose people possess an estimated 20,000 tons of gold, and who buy hundreds more tons of it each year. Prime Minister Modi, the Deep State establishment’s captured and controlled facilitator, has been instructed to obtain supply and control demand of gold in India, and he has been working overtime to achieve both objectives ever since his election.

First, Modi launched a Paper Gold scheme, whereby the Indian people were urged to tender their personal gold holdings to the state, in exchange for “notes” and “bonds” paying less-than-inflation interest rates on the value of the gold they provided. The notes are irredeemable for gold for at least five years, by which time the gold will be long gone from India and used in the bullion banks’ market rigging and other for-profit operations. Modi’s Paper Gold scheme failed, because the Indian people did not trust it, and correctly so.

Next, Modi imposed a 10% import duty on gold (India produces next to no gold, so virtually all of it is imported). This resulted in a multi-week strike by jewelers, which did reduce demand, one of the two aims of the Deep State oligarchs’ plan.

But shortly, this scheme failed, too, because gold smuggling surged, enabling the Indian people to obtain the gold they desire at prices roughly 5% over global spot, reasonable in the circumstances.

In a companion effort to crimp demand, Modi enacted a special reporting regulation. Enacted in 2015, it requires anyone purchasing jewelry or precious metals having a value of 200,000 rupees or more (the equivalent of roughly US$ 2,900) to present an Indian PAN Card. PAN stands for Permanent Account Number, a ten digit alpha-numeric number issued by India’s Tax Department to individuals and businesses. The PAN enables tax personnel to track all of a card holder’s financial transactions over their entire lifetime.

Only 17% of India’s population have obtained a PAN number to date, meaning that 83% of the population are unable to purchase $2,900 or more worth of jewelry or bullion in a single transaction; without a PAN Card, it is illegal to do so. This regulation has reduced jewelry and bullion purchases by upscale Indians who do have PAN but do not want their personal transactions permanently recorded. Alternatively, it has led them to make smaller purchases that do not require presentation of a PAN Card.

While the PAN regulation curbed demand in the $3,000+, high end of the market, it did nothing to address the vibrant, lower end, cash market. Smaller purchases of jewelry and bullion have traditionally been paid in cash, using 500 and 1,000 rupee currency notes. This was the Deep State’s Achilles’ heel in India, and they decided to deal with it.

Accordingly, on November 8, 2016, in a shock move, Modi “extinguished” all Indian 500 and 1000 rupee notes. Holders of the old notes have been required to exchange them for new ones, but the process has been extremely difficult and time consuming. Further, there are sharp restrictions on the amount of new currency citizens can obtain. Withdrawals are capped at 40,000 rupees per week, roughly $575.00. After paying for living expenses (90% of Indian purchases are made with cash), very little is left over for discretionary purchases such as gold jewelry. Given that the demonetization was specifically timed to occur in the middle of the robust festival and wedding season, the reduction in demand has been pronounced. Jewelers in Mumbai, the nation’s largest retail market by far, report sales being off by up to 90%.

We believe that the primary objective of the Indian currency demonetization was to sharply reduce gold demand in the world’s most important retail market, India, one that is controlled by the Deep State oligarchy via a captured agent, its Prime Minister. The manner in which the demonetization was carried out indicates some kind of desperation, because it defied all economic prudence, logic, humanitarian regard and common sense. India is the only country where this kind of attack on demand could have been carried out, and this is why it occurred there. It indicates to us that the bullion banking cabal is coming up against the wall, and that there is severe supply – demand stress in the global gold market that is rapidly becoming non-containable. Desperate times are producing desperate measures by the manipulators.

It is critical to note that the Governor of the Reserve Bank of India up until mid-2016, Raghuram Rajan, declined a second three year term. Rajan was a former Chief Economist at the International Monetary Fund, the “capital levy” people. He is also a member of the Group of Thirty, along with Larry Summers, the head cheerleader for the elimination of one hundred dollar bills in the United States, and cash in general. Much more important, Rajan has now become Vice Chairman of the Bank for International Settlements, the so-called “central bank of central banks,” and long regarded as the chief architect and enabler of global gold manipulation and price oppression. He has been characterized in the press as being “a vocal votary for increased coordination among central banks.” Clearly, an important Deep State global agenda is now in play.

Brexit and the Trump victory have demonstrated that the people can only be pushed so far, but the Deep State oligarchs are far too addicted to easy money and god-like power to hear the message. They are pushing forward as if nothing whatsoever has changed in the world. The retention by the people of financial liberty is far more important to them than Brexit or Trump, and we believe they will defend their rights to it, particularly as they awaken to the full implications of the tyranny that will be unleashed by its elimination.

As demand rebuilds from the shock demand reduction that has occurred in India, we believe the market for precious metals will become stronger than ever. First, India has discredited governments’ prized monopoly product: fiat currency. Second, India’s demonetization-related gold demand shock has no effect whatsoever on demand from Russia, China and the rest of Asia, which is stronger than ever. Third, the fiscal and monetary realities of governments throughout the west continue to worsen, strengthening the already compelling case for precious metals. Fourth, and as we have pointed out in previous articles, supply cannot withstand even a fractional redeployment of liquid personal assets into metals, without prices being forced significantly higher than where they are today. And fifth, the bullion banks and Deep State schemers are running out of curve balls to throw at the people. In fact, the stunt they just pulled in India might be their last, at least of anywhere near this magnitude. While we put nothing past them, including desperate dumping of remaining western central bank metals holdings (which might not even exist at this late stage) and prohibitions that the people will realize they must ignore if they are to have any chance of remaining financially free, it seems clear to us that they are fast running out of options.

Stewart Dougherty
November 28, 2016

P.S. One additional inference we draw from events in India is that it almost certainly proves the United States gold reserve is gone. What has happened in India indicates that a critical supply – demand imbalance exists in gold, which required an unprecedented, draconian and reckless “solution.” Actually, it has solved nothing; it has only bought the oligarchs some time, and probably not much of it. If western, and particularly U.S. gold reserves had been available, they almost certainly would have been deployed before a massive, destructive currency demonetization in the world’s second largest nation, by population, would have been ordered.

Stewart Dougherty is the creator of Inferential Analytics (IA), a forecasting method that applies to events proprietary, time-tested principles of human instinct, desire and action. In his view, forecasting methods not fundamentally based upon principles of human action are unlikely to be reliable over time. He is a graduate of Tufts University (BA) and Harvard Business School (MBA), is a 35+ year veteran of the business trenches and has developed IA over a period of 15+ years.

OLDDOGS COMMENTS!

GOLD GONE! CURRENCY GONE! WAR NEXT?

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The Importance of Your State

12/04/2016

http://www.paulstramer.net/

By Anna Von Reitz

We talk about being in “the right state of mind” or being “in a state of confusion”.

We talk about the “Maine State Capitol” and the “state of Maine” and the “State of Maine” and the “STATE OF MAINE”.

WT…..???

The fact is that there are “states” and there are “states”.

If you look up the legal definition of “state” you will be overwhelmed by the reek of deliberate confusion and the alternative to Shinola. W

This past week we have discussed the fact that the original union of states created by The Articles of Confederation (1781) was destroyed by operation of law in 1860.  There is no union of sovereign states and hasn’t been since 1860, except for the undefeated union formed by the Confederate States of America.

There is no federation of sovereign states operating as The United States of America.   No such federal government.

I can hear the breath being sucked in and people saying, “WHAAAT?

Whaddarutalkinabout?”   And right after that a stunned silence and the same folks asking, “Where does that leave us?”

For us, living people at home in our home states of Louisiana and Massachusetts and Minnesota and Idaho, choosing our birthright political status as non-citizens state nationals, it leaves us where we have always been, snug and cozy.

Why?  Because The Constitution for the united States of America” is a tri-lateral international treaty.

It bound the original subscribing states as a group to support the federal government, it bound the states individually to each other, and it bound the federal government to each state.

The Founders were Master Builders.  They used glue, wooden dowels, and steel bolts to put “the original equity contract” together.  If one fastener failed, the others would kick in and bear the load.

So when one fastener failed as a result of the Civil War, aka, War of Secession, and the original federal union of sovereign states ceased to exist, each state was still bound to each of the others and the federal government apparatus was still attached to each one of them.

Thus we have limped along all these decades afterward without an actual federation of sovereign states in operation at all.  Instead, we’ve been operating as a multi-national commercial corporation made up of fifty states franchises.

There is nothing so bad about this, so long as we are all on the same page and maintain our sovereign states intact, and no very great danger, since everyone involved is obligated to protect and defend everyone else……until and unless some self-interested foreign shysters get their paws into the mix and the people forget their history and get confused about what is what and who is who.

Then in the words of US Supreme Justice Harlan, in his dissenting opinion in Hooven and Allison v. Evatt, no end of “mischief” can occur, including identity theft of entire states and our entire nation.

The problem for our detractors is and has always been that there is not just one nation to be dismantled and dismembered, but fifty.

And the fifty are all honor bound to protect and defend all the others.

And however it is constructed, so is the federal government —whether it is operating as an association of sovereign states or operating as a multi-national corporation with fifty separate and independent state stockholders, it is still obligated to protect and defend both the parts and the whole.

Ah, but what happens when even at the state level the land jurisdiction state is usurped by a look-alike, sound-alike “state of state”, a foreign, international imposter, which is merely “representing” the actual sovereign state and its State government?

Then we eventually get to the mess we are in right now.

Franklin Delano Roosevelt contrived a constructive fraud scheme to bankrupt the states and their lawful governments and while they were in receivership and under the control of foreign bankruptcy trustees known as “US Trustees” to substitute “states of states”—– literally foreign entities running the state governments as well as the federal government.

The essence of the fraud was based on semantic deceit.

The Wisconsin state (small “s”) is the actual sovereign state, as clearly stated in Texas v. White, 74 US 227, (1862).  The sovereign state government owed the land jurisdiction and the undelegated portion of the international jurisdiction of the sea is known as the Wisconsin State.

Not the State of Wisconsin, which is a federal corporation franchise operated under federal territorial jurisdiction.

Not the STATE OF WISCONSIN, which is a federal municipal corporation operated under federal municipal (city state) jurisdiction.

During the long reorganization and final bankruptcy settlement (1999) of the private, mostly foreign-owned governmental services corporation doing business as “the United States of America”— Incorporated, we and our actual states and our actual state governments, were held as sureties for the debts of deceitful private interests acting as our employees and self-proclaimed “representatives”.

Since 1999, we and our actual State governments have been released from the presumptions of bankruptcy, but because we were never informed about any of this fraud and chicanery in the first place, we have been unable to take appropriate action in our own behalf, leading to still more filthy fraud and legal chicanery by those infesting Washington, DC against the people and the sovereign states and their lawful governments.

The Queen has arrogantly referred to us and our lawful sovereign states and State governments as “disregarded entities”.  Disregarded by who, Queenie?  Guess you ungrateful sacks of lime-flavored feces want another piece of the people you have run to for help and then cheated and defrauded and lied to for the better part of two centuries?

It’s time for those responsible for these crimes to pay for them—- literally.

And time for all the rest of us to stop being confused by all the false claims and identity games and other con artist crappola.

For example:

The words “The United States of America” are not protected by copyright or trademark.

Any group can pretend to be or to represent “The United States of America” because the lawful confederation of sovereign states once called “The United States of America” was silently destroyed by operation of Law in 1860.

In the same way, any group of people can obtain the patent on a scrap of land and declare themselves to be a “nation” and call themselves “The United States of America”, and then they can issue a “national currency”, too—-for all the good it will do them, or us.

Thus we have a group of people who are trying to recreate “The United States of America” and proclaiming themselves a “nation”—howbeit, one located offshore—-and issuing a new “national currency” based on false claims that they are the heirs and inheritors of our assets.

Bull, bull, bull as far as the eye can see.  Not a scrap of Shinola.

We have “Le Neu Republique” on one side and “The United States of America” on the other and “The Republic for the united States of America” in the middle; no doubt we shall soon have a dozen others all pretending to be us or to represent us and they will all be claiming to be “the real McCoy” versus all the others—-all in an attempt to mislead gullible people who think that they can self-govern without lifting a finger.

Get a clue.  George Washington has been dead for over 200 years.  He isn’t coming back from the grave to do it for you.

Here is the pecking order of our actual, factual government: people, township/parish, county, state, federal—with the people having all the power and the federal government being dead last in the pecking order, and the least amount of delegated power.

What needs to happen is for the “State of________” franchises and “STATE OF_________” municipal franchises to release and relinquish voluntarily and peacefully all property and assets which they have been administering “for” us as self-proclaimed “representatives”—- back to the actual state and actual State governments run by the people for the people of each sovereign state.

As long as we stand up on our own feet and organize our own lawful local unincorporated county jural assemblies there isn’t anyone on this planet with any right to interfere with or stop us from reclaiming all that is ours and sending the Queen a copy of our “Disregarded Lime Jello Frozen Souffle” recipe.

See this article and over 400 others on Anna’s website here: http://www.annavonreitz.com/

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Angry Mobs Lock Up Indian Bankers As Cash Chaos Soars: “We Are Fearing The Worst”

12/02/2016

http://www.zerohedge.com/news/2016-11-30/angry-mobs-lock-indian-bankers-cash-chaos-escalates-we-are-fearing-worst

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by Tyler Durden

India’s demonetization campaign is not going as expected.

Overnight, banks played down expectations of a dramatic improvement in currency availability, raising the prospect of queues lengthening as salaries get paid and people look to withdraw money from their accounts the Economic Times reported.

While much of India has become habituated to the sight of people lining up at banks and cash dispensers since the November 8 demonetisation announcement, bank officials said the message from the Reserve Bank of India is that supplies may not get any easier in the near future and that they should push digital transactions.  “We had sought a hearing with RBI as we were not allocated enough cash, but we were told that rationing of cash may continue for some time,” said a banker who was present at one of several meetings with central bank officials.

Reserve Bank has asked us to push the use of digital channels to all our customers and ensure that we bring down use of cash in the economy,” said a banker. This confirms a previous report according to which the demonstization campaign has been a not so subtle attempt to impose digital currency on the entire population.

Bankers have been making several trips to the central bank’s headquarters in Mumbai to get a sense of whether currency availability will improve.  Some automated teller machines haven’t been filled even once since the old Rs 500 and Rs 1,000 notes ceased to be legal tender, they said.  Typically, households pay milkmen, domestic helps, drivers, etc, at the start of the month in cash. The idea is that all these payments should become electronic, using computers or mobiles.

This strategy however, appears to not have been conveyed to the public, and as Bloomberg adds, “bankers are bracing for long hours and angry mobs as pay day approaches in India.”

“Already people who are frustrated are locking branches from outside in Uttar Pradesh, Bihar and Tamil Nadu and abusing staff as enough cash is not available,” said CH Venkatachalam, general secretary of the All India Bank Employees’ Association. The group has sought police protection at bank branches for the next 10 days, he added.

Joining many others who have slammed Modi’s decision, the banker said that “this is the fallout of one of the worst planned and executed government decisions in decades.” He estimates that about 20 million people – almost twice the population of Greece – will queue up at bank branches and ATMs over the coming week, when most employers in India pay their staff. In an economy where 98 percent of consumer payments are in cash, banks are functioning with about half the amount of currency they need.

As Bloomberg notes, retaining public support is crucial for Modi before key state elections next year and a national contest in 2019, however it appears he is starting to lose it.

“We are bracing ourselves for payday and fearing the worst,” said Parthasarathi Mukherjee, chief executive officer at Chennai-based Laxmi Vilas Bank Ltd. “If we run out of cash we will have to approach the Reserve Bank of India for more. It is tough.”

The ongoing cash shortages follow Modi’s Nov. 8 unexpected decision to ban 500 and 1,000 rupee ($15) notes, a decision that sucked out 86% of currency in circulation and blindsided the nation. Bank officials reported that most top banks in the financial heart of Mumbai are now starting the day with anywhere between 800 million rupees to 1.2 billion rupees of cash, instead of the typical 1.5 billion rupees.

These currency chests are then shared with several branches, which are rationing supplies. Withdrawals are capped at 10,000 rupees per person instead of the 24,000 rupees limit set by the government, said a manager at a state-run Bank of India branch in the eastern state of Jharkhand.

In a Mumbai suburb, a branch of the nation’s largest lender, State Bank of India, was starting the day with about 600,000 rupees of cash that will run out in about an hour, compared with the 1.5 million they’d typically have, the manager said. in what has clearly become a physical cash run.

12-2-2016-10-45-24-amTo be sure, many employers are scrambling to adapt to the new cash-lite regime: “with pay day around the corner a lot of small and medium-sized companies are opting for prepaid cards over cash payments,” said Naveen Surya, managing director of payments solutions company Itz Cash Card Ltd., who’s also chairman of the representative body Payments Council of India. “More than five million of these cards have been sold in India in the last one week” and sales of 40 million more are expected through December, he said.

Ride-sharing service Ola has partnered with fuel companies to help drivers get e-vouchers to fill up their tanks at Bharat Petroleum Corp. pumps in Bengaluru, the company said in a statement. Paytm, India’s largest digital wallet startup, has noticed a doubling in online recharges including a trend where individuals top up multiple mobile phones to help friends and family, the company said in its statement. Additionally, as Goldman notes, Paytm has experienced a 500% surge in daily user growth since the currency reform, according to The Indian Express.

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The government, too, is urging electronic payments. Card payment facilities were introduced in parliament’s dining hall on Wednesday, the Press Trust of India reported, citing Parliament’s Food Committee Chairman A P Jithender Reddy.

While large companies such as Hindustan Petroleum Corp. make 99 percent of their pay outs electronically, it still needs to work out a system with smaller sub-contractors, said finance director J. Ramaswamy. Indian Oil Corp. is opening State Bank of India accounts for all laborers at its Paradip refinery, Dharmendra Pradhan, India’s oil minister, said on Nov. 29 in New Delhi.

“I will request all our companies to encourage bank transfers for all such payments,” Pradhan said.

Alas, as we warned previously, for a nation that remains vastly cash-based – and where 98% of consumer payments are in cash – any transition from physical to digital money will take far, far longer than the timeframe Modi has allotted himself for the demonetization transformation and, as we reported previously, it is only a matter of time before India’s economy becomes crippled by money shortages to the point where not only India’s economic output but the government itself will be in jeopardy.

One thing appears clear: foreign investors have decided not to wait and see how this experiment ends.

12-2-2016-11-03-35-amOLDDOGS COMMENTS!

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2-6-2015-10-13-51-am


The Bankers Manifesto of 1892

12/01/2016

https://anticorruptionsociety.files.wordpress.com/2014/06/bankers-manifesto-1892.pdf

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By Arthur de Rothschild (1851-1903)

Revealed by US Congressman Charles A. Lindbergh, SR from Minnesota before the US Congress sometime during his term of office between the years of 1907 and 1917 to warn the citizens.

“We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.

The Farmers Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we

must take immediate steps to control these organizations in our

interest or disrupt them.

At the coming Omaha Convention to be held July4th (1892), our men must attend and direct its movement, or else there will be set on foot such antagonism to our designs as may require force to overcome. This at the present time would be premature. We are not yet ready for such a crisis.

Capital must protect itself in every possible manner through combination (conspiracy) and legislation. The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

When through the process of the law, the common people have lost their homes; they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders.

History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with

the reciprocity must be forced to view through the Republican Party.

By thus dividing voters, we can get them to expand their energies in

fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete action, we can secure all that has been so generously planned and successfully accomplished.”

THE BANKERS’ MANIFESTO OF 1934

From New American, February, 1934.

“Capital must protect itself in every way, through combination and

through legislation. Debts must be collected and loans and mortgages

foreclosed as soon as possible. When through a process of law, the

common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of wealth, under control of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an IMPERIALISM of capital to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd. Thus by discrete action we can secure for ourselves what has been generally planned and successfully accomplished.”

OLDDOGS COMMENTS!

The International Investment Banking Cartel has stolen our country, our personhood, our real-estate, our money, and our children!

They have incorporated all of our States, Cities, town-ships, Counties!

We are slaves to these Corporations, but there is a way to regain it all. Follow the web-site Anna von Reitz to learn how! These men deserve hanging at the very least because all wars are Bankers wars and that means they are responsible for hundreds of millions of dead people. They are inhuman to say the least. It is all explained in this book also.

You Know Something is Wrong When…..: An American Affidavit of Probable Cause (Paperback) by Judge Anna Maria Riezinger & James Clinton Belcher http://www.amazon.com/gp/product/1491279184/ref=cm_cr_asin_lnk

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