Witnessing the Biological Extinction of Europeans

07/31/2017
https://sputniknews.com/europe/201707301056007283-european-nations-extinction-substitution/

© AP Photo/ Emilio Morenatti

Europe

13:30 30.07.2017(updated 14:10 30.07.2017) Get short URL

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Some European countries, namely Italy, Germany, France and the UK, are facing the so-called “substitution of nations,” where the national ethnical majority is disappearing physically and biologically, and is being substituted by migrants, according to a recent report. Sputnik Italy discussed the issue with Daniele Scalea, the author of the report.

The recent report of the Italian-based Machiavelli Center of Political and Strategic Studies (Centro studi politici e strategici Machiavelli), “How immigration is changing Italian demographics” has revealed that a number of European countries are facing the “biological and physical extinction” of their national ethnicities.

Ethnic majorities in such countries as Italy, Germany, France and the UK, are gradually turning into ethnic minorities, while being “substituted” by incoming migrants.

A woman from Nigeria dances on the deck of the Golfo Azzurro rescue vessel as it arrives at the port of Pozzallo, south of Sicily, Italy, with hundreds of migrants aboard, rescued by members of Proactive Open Arms NGO, on Saturday, June.17, 2017

Sputnik Italy discussed the issue with Daniele Scalea, an analyst at the center and the author of the report.

Migration is drastically changing the habitual course of life in Italy, he told Sputnik. The reason for the influx of African migrants into Europe is not wars or catastrophes, but an explosive demographic increase on the African continent, from 9 percent to 25 percent of the global population throughout the last century.

While Europe, which accounted for over a fifth of the entire world population in 1950 (22 percent), is expected to make up just 7 percent of the world population in the year 2050, the percentage of the African population will make a sweeping rise from 9 percent to 40 percent.

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Italy’s fertility rate is less than half of what it was in 1964, the analyst explained in his report. It has dropped from 2.7 children per woman to just 1.5 children per woman currently, a figure well below the replacement level for zero population growth of roughly 2.1 children per woman.
As of the first half of this year, Italy had over 5 million foreigners living as residents, a remarkable 25 percent growth relative to 2012 and a whopping 270 percent since 2002. At that time, foreigners made up just 2.38 percent of the population while 15 years later the figure has nearly trebled to 8.33 percent of the population.

Moreover, even the children being born in Italy are overrepresented by immigrants, whose birthrate is considerably higher than native Italians, the study revealed. It is “unsurprising,” therefore, that Italian regions with the highest fertility rates are no longer in the south, as was usual the case, but in the Italian north and in the Lazio region, where there is a higher concentration of immigrants.

If current trends continue, by 2065, first- and second-generation immigrants will exceed 22 million persons, or more than 40 percent of Italy’s total population.

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By comparison, it was only in the not far-off 2001 that the percentage of foreigners living in Italy crossed the low threshold of 1 percent, which reveals the speed and magnitude of demographic change occurring in Italy, a phenomenon “without precedent” in Italy’s history, the study asserts.

An added concern brought forward by the report is the high concentration of immigrant populations from just a few countries of origin, which has often resulted elsewhere in the formation of “closed, homogeneous communities that fail to integrate with their host society,” or what Pope Francis has termed “ghettoization.”

“Traditionally, African migration took place only within the continent, in other words, Africans have been migrating from one African country to another. However for the past decade, there has been a tendency to migrate outside the continent,” Daniele Scalea told Sputnik.

He further explained that it happens due to sweeping demographic growth on the continent (from 9 percent to 25 percent of the global population.) The migrants have more financial (money for long-distance travel) and cultural (ability to evaluate their chances and become participants of more developed economies) opportunities, which enable them to search for a better life in Europe and not in a neighboring African country.

There are certain reasons why the streams of migrants are pouring into Europe: Europe is rich, it is easy to reach and its population is aging fast, thus young Africans are able to find their place among aging Europeans with low fertility rates.

Large-Scale Migration Undermines United Europe Project – IMF Report

Unfortunately, Italy is not alone in its demographic turmoil. Extrapolating from current trends, British citizens will no longer be the majority of the population in the United Kingdom around 2065.

In Germany today, 36 percent of children under five are born to immigrant parents, which presages a significant demographic shift in the next generation in that country as well. France is also in a similar situation.

“We are witnessing what I would call a “substitution of nations.” Ethnic majorities are becoming minorities in their own countries, physically disappearing, and it disturbs the native population,” Daniele Scalea told Sputnik.

“The European peoples will soon get anxious about this issue, as we are currently witnessing their physical and biological extinction. Europeans don’t have many children, and thus there are more and more people of other nationalities in Europe,” he explained.

The idea of multiculturalism partially facilitates this process. Migration has always been welcomed in Italy and it was hard to find a community where all the people had come from the same country. The situation however is changing now. The top 10 foreign ethnicities in Italy make up more than 60 percent if the total number of migrants.

Eastern Europe Unites in Struggle Against EU’s Migration Policies

France, Germany and the UK are in a similar situation. Turkish migrants dominate in Germany, Pakistanis – in the UK, Algerians – in France. The Italian society will soon consist of different communities, each with its own culture, rules and ways of existence. It will ruin the Italian society.

“There are only two ways of development. If we continue with the policies of the leftists, by viewing as positive the idea of multiculturalism and the erosion of national native ethnicities, the European civilization will cease to exist and Europe will become a territory, occupied by various ethnicities, which belong to various civilizations,” the analyst explained to Sputnik.

However there is another way: radically reconsider the migration policy, ban the entrance of migrants into Europe and toughen the assimilation of those who have already come.

This will prevent migrants from residing only with their compatriots and speaking only their native language, without assimilating into the European society. Migrants should learn the language of their country of residence and acknowledge the fundamental European values. This will enable them to become real Italians, Germans and French, Daniele Scalea concluded.


Negative Interest Rates and the War on Cash (1)

07/29/2017

https://www.theautomaticearth.com/2016/09/negative-interest-rates-and-the-war-on-cash-1/

Irving Underhill City Bank-Farmers Trust Building, William & Beaver streets, NYC 1931

It’s been a while, but Nicole Foss is back at the Automatic Earth -which makes me very happy-, and for good measure, she starts out with a very long article. So long in fact that we have decided to turn it into a 4-part series, if only just to show you that we do care about your health and well-being, as well as your families and social lives. The other 3 parts will follow in the next few days, and at the end we will publish the entire piece in one post.

 Here’s Nicole:

 By Nicole Foss:

As momentum builds in the developing deflationary spiral, we are seeing increasingly desperate measures to keep the global credit ponzi scheme from its inevitable conclusion. Credit bubbles are dynamic — they must grow continually or implode — hence they require ever more money to be lent into existence. But that in turn requires a plethora of willing and able borrowers to maintain demand for new credit money, lenders who are not too risk-averse to make new loans, and (apparently effective) mechanisms for diluting risk to the point where it can (apparently safely) be ignored. As the peak of a credit bubble is reached, all these necessary factors first become problematic and then cease to be available at all. Past a certain point, there are hard limits to financial expansions, and the global economy is set to hit one imminently.

Borrowers are increasingly maxed out and afraid they will not be able to service existing loans, let alone new ones. Many families already have more than enough ‘stuff’ for their available storage capacity in any case, and are looking to downsize and simplify their cluttered lives. Many businesses are already struggling to sell goods and services, and so are unwilling to borrow in order to expand their activities. Without willingness to borrow, demand for new loans will fall substantially. As risk factors loom, lenders become far more risk-averse, often very quickly losing trust in the solvency of of their counterparties. As we saw in 2008, the transition from embracing risky prospects to avoiding them like the plague can be very rapid, changing the rules of the game very abruptly.

Mechanisms for spreading risk to the point of ‘dilution to nothingness’, such as securitization, seen as effective and reliable during monetary expansions, cease to be seen as such as expansion morphs into contraction. The securitized instruments previously created then cease to be perceived as holding value, leading to them being repriced at pennies on the dollar once price discovery occurs, and the destruction of that value is highly deflationary. The continued existence of risk becomes increasingly evident, and the realisation that that risk could be catastrophic begins to dawn.

Natural limits for both borrowing and lending threaten the capacity to prolong the credit boom any further, meaning that even if central authorities are prepared to pay almost any price to do so, it ceases to be possible to kick the can further down the road. Negative interest rates and the war on cash are symptoms of such a limit being reached. As confidence evaporates, so does liquidity. This is where we find ourselves at the moment — on the cusp of phase two of the credit crunch, sliding into the same unavoidable constellation of conditions we saw in 2008, but on a much larger scale.

From ZIRP to NIRP

Interest rates have remained at extremely low levels, hardly distinguishable from zero, for the several years. This zero interest rate policy (ZIRP) is a reflection of both the extreme complacency as to risk during the rise into the peak of a major bubble, and increasingly acute pressure to keep the credit mountain growing through constant stimulation of demand for borrowing. The resulting search for yield in a world of artificially stimulated over-borrowing has lead to an extraordinary array of malinvestment across many sectors of the real economy. Ever more excess capacity is being built in a world facing a severe retrenchment in aggregate demand. It is this that is termed ‘recovery’, but rather than a recovery, it is a form of double jeopardy — an intensification of previous failed strategies in the hope that a different outcome will result. This is, of course, one definition of insanity.

Now that financial crisis conditions are developing again, policies are being implemented which amount to an even greater intensification of the old strategy. In many locations, notably those perceived to be safe havens, the benchmark is moving from a zero interest rate policy to a negative interest rate policy (NIRP), initially for bank reserves, but potentially for business clients (for instance in Holland and the UK). Individual savers would be next in line. Punishing savers, while effectively encouraging banks to lend to weaker, and therefore riskier, borrowers, creates incentives for both borrowers and lenders to continue the very behaviour that set the stage for financial crisis in the first place, while punishing the kind of responsibility that might have prevented it.

Risk is relative. During expansionary times, when risk perception is low almost across the board (despite actual risk steadily increasing), the risk premium that interest rates represent shows relatively little variation between different lenders, and little volatility. For instance, the interest rates on sovereign bonds across Europe, prior to financial crisis, were low and broadly similar for many years. In other words, credit spreads were very narrow during that time. Greece was able to borrow almost as easily and cheaply as Germany, as lenders bet that Europe’s strong economies would back the debt of its weaker parties. However, as collective psychology shifts from unity to fragmentation, risk perception increases dramatically, and risk distinctions of all kinds emerge, with widening credit spreads. We saw this happen in 2008, and it can be expected to be far more pronounced in the coming years, with credit spreads widening to record levels. Interest rate divergences create self-fulfilling prophecies as to relative default risk, against a backdrop of fear-driven high volatility.

Many risk distinctions can be made — government versus private debt, long versus short term, economic centre versus emerging markets, inside the European single currency versus outside, the European centre versus the troubled periphery, high grade bonds versus junk bonds etc. As the risk distinctions increase, the interest rate risk premiums diverge. Higher risk borrowers will pay higher premiums, in recognition of the higher default risk, but the higher premium raises the actual risk of default, leading to still higher premiums in a spiral of positive feedback. Increased risk perception thus drives actual risk, and may do so until the weak borrower is driven over the edge into insolvency. Similarly, borrowers perceived to be relative safe havens benefit from lower risk premiums, which in turn makes their debt burden easier to bear and lowers (or delays) their actual risk of default. This reduced risk of default is then reflected in even lower premiums. The risky become riskier and the relatively safe become relatively safer (which is not necessarily to say safe in absolute terms). Perception shapes reality, which feeds back into perception in a positive feedback loop.

The process of diverging risk perception is already underway, and it is generally the states seen as relatively safe where negative interest rates are being proposed or implemented. Negative rates are already in place for bank reserves held with the ECB and in a number of European states from 2012 onwards, notably Scandinavia and Switzerland. The desire for capital preservation has led to a willingness among those with capital to accept paying for the privilege of keeping it in ‘safe havens’. Note that perception of safety and actual safety are not equivalent. States at the peak of a bubble may appear to be at low risk, but in fact the opposite is true. At the peak of a bubble, there is nowhere to go but down, as Iceland and Ireland discovered in phase one of the financial crisis, and many others will discover as we move into phase two. For now, however, the perception of low risk is sufficient for a flight to safety into negative interest rate environments.

This situation serves a number of short term purposes for the states involved. Negative rates help to control destabilizing financial inflows at times when fear is increasingly driving large amounts of money across borders. A primary objective has been to reduce upward pressure on currencies outside the eurozone. The Swiss, Danish and Swedish currencies have all been experiencing currency appreciation, hence a desire to use negative interest rates to protect their exchange rate, and therefore the price of their exports, by encouraging foreigners to keep their money elsewhere. The Danish central bank’s sole mandate is to control the value of the currency against the euro. For a time, Switzerland pegged their currency directly to the euro, but found the cost of doing so to be prohibitive. For them, negative rates are a less costly attempt to weaken the currency without the need to defend a formal peg. In a world of competitive, beggar-thy-neighbour currency devaluations, negative interest rates are seen as a means to achieve or maintain an export advantage, and evidence of the growing currency war.

Negative rates are also intended to discourage saving and encourage both spending and investment. If savers must pay a penalty, spending or investment should, in theory, become more attractive propositions. The intention is to lead to more money actively circulating in the economy. Increasing the velocity of money in circulation should, in turn, provide price support in an environment where prices are flat to falling. (Mainstream commentators would describe this as as an attempt to increase ‘inflation’, by which they mean price increases, to the common target of 2%, but here at The Automatic Earth, we define inflation and deflation as an increase or decrease, respectively, in the money supply, not as an increase or decrease in prices.) The goal would be to stave off a scenario of falling prices where buyers would have an incentive to defer spending as they wait for lower prices in the future, starving the economy of circulating currency in the meantime. Expectations of falling prices create further downward price pressure, leading into a vicious circle of deepening economic depression. Preventing such expectations from taking hold in the first place is a major priority for central authorities.

Negative rates in the historical record are symptomatic of times of crisis when conventional policies have failed, and as such are rare. Their use is a measure of desperation:

First, a policy rate likely would be set to a negative value only when economic conditions are so weak that the central bank has previously reduced its policy rate to zero. Identifying creditworthy borrowers during such periods is unusually challenging. How strongly should banks during such a period be encouraged to expand lending?

However strongly banks are ‘encouraged’ to lend, willing borrowers and lenders are set to become ‘endangered species’:

The goal of such rates is to force banks to lend their excess reserves. The assumption is that such lending will boost aggregate demand and help struggling economies recover. Using the same central bank logic as in 2008, the solution to a debt problem is to add on more debt. Yet, there is an old adage: you can bring a horse to water but you cannot make him drink! With the world economy sinking into recession, few banks have credit-worthy customers and many banks are having difficulties collecting on existing loans.
Italy’s non-performing loans have gone from about 5 percent in 2010 to over 15 percent today. The shale oil bust has left many US banks with over a trillion dollars of highly risky energy loans on their books. The very low interest rate environment in Japan and the EU has done little to spur demand in an environment full of malinvestments and growing government constraints.

Doing more of the same simply elevates the already enormous risk that a new financial crisis is right around the corner:

Banks rely on rates to make returns. As the former Bank of England rate-setter Charlie Bean has written in a recent paper for The Economic Journal, pension funds will struggle to make adequate returns, while fund managers will borrow a lot more to make profits. Mr Bean says: “All of this makes a leveraged ‘search for yield’ of the sort that marked the prelude to the crisis more likely.” This is not comforting but it is highly plausible: barely a decade on from the crash, we may be about to repeat it. This comes from tasking central bankers with keeping the world economy growing, even while governments have cut spending.

Experiences with Negative Interest Rates

The existing low interest rate environment has already caused asset price bubbles to inflate further, placing assets such as real estate ever more beyond the reach of ordinary people at the same time as hampering those same people attempting to build sufficient savings for a deposit. Negative interest rates provide an increased incentive for this to continue. In locations where the rates are already negative, the asset bubble effect has worsened. For instance, in Denmark negative interest rates have added considerable impetus to the housing bubble in Copenhagen, resulting in an ever larger pool over over-leveraged property owners exposed to the risks of a property price collapse and debt default:

Where do you invest your money when rates are below zero? The Danish experience says equities and the property market. The benchmark index of Denmark’s 20 most-traded stocks has soared more than 100 percent since the second quarter of 2012, which is just before the central bank resorted to negative rates. That’s more than twice the stock-price gains of the Stoxx Europe 600 and Dow Jones Industrial Average over the period. Danish house prices have jumped so much that Danske Bank A/S, Denmark’s biggest lender, says Copenhagen is fast becoming Scandinavia’s riskiest property market.

Considering that risky property markets are the norm in Scandinavia, Copenhagen represents an extreme situation:

“Property prices in Copenhagen have risen 40–60 percent since the middle of 2012, when the central bank first resorted to negative interest rates to defend the krone’s peg to the euro.”

This should come as no surprise: recall that there are documented cases where Danish borrowers are paid to take on debt and buy houses “In Denmark You Are Now Paid To Take Out A Mortgage”, so between rewarding debtors and punishing savers, this outcome is hardly shocking. Yet it is the negative rates that have made this unprecedented surge in home prices feel relatively benign on broader price levels, since the source of housing funds is not savings but cash, usually cash belonging to the bank.

The Swedish property market is similarly reaching for the sky. Like Japan at the peak of it’s bubble in the late 1980s, Sweden has intergenerational mortgages, with an average term of 140 years! Recent regulatory attempts to rein in the ballooning debt by reducing the maximum term to a ‘mere’ 105 years have been met with protest:

Swedish banks were quoted in the local press as opposing the move. “It isn’t good for the finances of households as it will make mortgages more expensive and the terms not as good. And it isn’t good for financial stability,” the head of Swedish Bankers’ Association was reported to say.

Apart from stimulating further leverage in an already over-leveraged market, negative interest rates do not appear to be stimulating actual economic activity:

If negative rates don’t spur growth — Danish inflation since 2012 has been negligible and GDP growth anemic — what are they good for?….Danish businesses have barely increased their investments, adding less than 6 percent in the 12 quarters since Denmark’s policy rate turned negative for the first time. At a growth rate of 5 percent over the period, private consumption has been similarly muted. Why is that? Simply put, a weak economy makes interest rates a less powerful tool than central bankers would like.

“If you’re very busy worrying about the economy and your job, you don’t care very much what the exact rate is on your car loan,” says Torsten Slok, Deutsche Bank’s chief international economist in New York.

Fuelling inequality and profligacy while punishing responsible behaviour is politically unpopular, and the consequences, when they eventually manifest, will be even more so. Unfortunately, at the peak of a bubble, it is only continued financial irresponsibility that can keep a credit expansion going and therefore keep the financial system from abruptly crashing. The only things keeping the system ‘running on fumes’ as it currently is, are financial sleight-of-hand, disingenuous bribery and outright fraud. The price to pay is that the systemic risks continue to grow, and with it the scale of the impacts that can be expected when the risk is eventually realised. Politicians desperately wish to avoid those consequences occurring in their term of office, hence they postpone the inevitable at any cost for as long as physically possible.

The Zero Lower Bound and the Problem of Physical Cash

Central bankers attempting to stimulate the circulation of money in the economy through the use of negative interest rates have a number of problems. For starters, setting a low official rate does not necessarily mean that low rates will prevail in the economy, particularly in times of crisis:

The experience of the global financial crisis taught us that the type of shocks which can drive policy interest rates to the lower bound are also shocks which produce severe impairments to the monetary policy transmission mechanism. Suppose, for example, that the interbank market freezes and prevents a smooth transmission of the policy interest rate throughout the banking sector and financial markets at large. In this case, any cut in the policy rate may be almost completely ineffective in terms of influencing the macroeconomy and prices.

This is exactly what we saw in 2008, when interbank lending seized up due to the collapse of confidence in the banking sector. We have not seen this happen again yet, but it inevitably will as crisis conditions resume, and when it does it will illustrate vividly the limits of central bank power to control financial parameters. At that point, interest rates are very likely to spike in practice, with banks not trusting each other to repay even very short term loans, since they know what toxic debt is on their own books and rationally assume their potential counterparties are no better. Widening credit spreads would also lead to much higher rates on any debt perceived to be risky, which, increasingly, would be all debt with the exception of government bonds in the jurisdictions perceived to be safest. Low rates on high grade debt would not translate into low rates economy-wide. Given the extent of private debt, and the consequent vulnerability to higher interest rates across the developed world, an interest rate spike following the NIRP period would be financially devastating.

The major issue with negative rates in the shorter term is the ability to escape from the banking system into physical cash. Instead of causing people to spend, a penalty on holding savings in a banks creates an incentive for them to withdraw their funds and hold cash under their own control, thereby avoiding both the penalty and the increasing risk associated with the banking system:

Western banking systems are highly illiquid, meaning that they have very low cash equivalents as a percentage of customer deposits….Solvency in many Western banking systems is also highly questionable, with many loaded up on the debts of their bankrupt governments. Banks also play clever accounting games to hide the true nature of their capital inadequacy. We live in a world where questionably solvent, highly illiquid banks are backed by under capitalized insurance funds like the FDIC, which in turn are backed by insolvent governments and borderline insolvent central banks. This is hardly a risk-free proposition. Yet your reward for taking the risk of holding your money in a precarious banking system is a rate of return that is substantially lower than the official rate of inflation.

In other words, negative rates encourage an arbitrage situation favouring cash. In an environment of few good investment opportunities, increasing recognition of risk and a rising level of fear, a desire for large scale cash withdrawal is highly plausible:

From a portfolio choice perspective, cash is, under normal circumstances, a strictly dominated asset, because it is subject to the same inflation risk as bonds but, in contrast to bonds, it yields zero return. It has also long been known that this relationship would be reversed if the return on bonds were negative. In that case, an investor would be certain of earning a profit by borrowing at negative rates and investing the proceedings in cash. Ignoring storage and transportation costs, there is therefore a zero lower bound (ZLB) on nominal interest rates.

Zero is the lower bound for nominal interest rates if one would want to avoid creating such an incentive structure, but in a contractionary environment, zero is not low enough to make borrowing and lending attractive. This is because, while the nominal rate might be zero, the real rate (the nominal rate minus negative inflation) can remain high, or perhaps very high, depending on how contractionary the financial landscape becomes. As Keynes observed, attempting to stimulate demand for money by lowering interest rates amounts to ‘pushing on a piece of string‘. Central authorities find themselves caught in the liquidity trap, where monetary policy ceases to be effective:

Many big economies are now experiencing ‘deflation’, where prices are falling. In the euro zone, for instance, the main interest rate is at 0.05% but the “real” (or adjusted for inflation) interest rate is considerably higher, at 0.65%, because euro-area inflation has dropped into negative territory at -0.6%. If deflation gets worse then real interest rates will rise even more, choking off recovery rather than giving it a lift.

If nominal rates are sufficiently negative to compensate for the contractionary environment, real rates could, in theory, be low enough to stimulate the velocity of money, but the more negative the nominal rate, the greater the incentive to withdraw physical cash. Hoarded cash would reduce, instead of increase, the velocity of money. In practice, lowering rates can be moderately reflationary, provided there remains sufficient economic optimism for people to see the move in a positive light. However, sending rates into negative territory at a time pessimism is dominant can easily be interpreted as a sign of desperation, and therefore as confirmation of a negative outlook. Under such circumstances, the incentives to regard the banking system as risky, to withdraw physical cash and to hoard it for a rainy day increase substantially. Not only does the money supply fail to grow, as new loans are not made, but the velocity of money falls as money is hoarded, thereby aggravating a deflationary spiral:

A decline in the velocity of money increases deflationary pressure. Each dollar (or yen or euro) generates less and less economic activity, so policymakers must pump more money into the system to generate growth. As consumers watch prices decline, they defer purchases, reducing consumption and slowing growth. Deflation also lifts real interest rates, which drives currency values higher. In today’s mercantilist, beggar-thy-neighbour world of global trade, a strong currency is a headwind to exports. Obviously, this is not the desired outcome of policymakers. But as central banks grasp for new, stimulative tools, they end up pushing on an ever-lengthening piece of string.

Japan has been in the economic doldrums, with pessimism dominant, for over 25 years, and the population has become highly sceptical of stimulation measures intended to lead to recovery. The negative interest rates introduced there (described as ‘economic kamikaze’) have had a very different effect than in Scandinavia, which is still more or less at the peak of its bubble and therefore much more optimistic. Unfortunately, lowering interest rates in times of collective pessimism has a poor record of acting to increase spending and stimulate the economy, as Japan has discovered since their bubble burst in 1989:

For about a quarter of a century the Japanese have proved to be fanatical savers, and no matter how low the Bank of Japan cuts rates, they simply cannot be persuaded to spend their money, or even invest it in the stock market. They fear losing their jobs; they fear a further fall in shares or property values; they have no confidence in the investment opportunities in front of them. So pathological has this psychology grown that they would rather see the value of their savings fall than spend the cash. That draining of confidence after the collapse of the 1980s “bubble” economy has depressed Japanese growth for decades.

Fear is a very sharp driver of behaviour — easily capable of over-riding incentives designed to promote spending and investment:

When people are fearful they tend to save; and when they become especially fearful then they save even more, even if the returns on their savings are extremely low. Much the same goes for businesses, and there are increasing reports of them “hoarding” their profits rather than reinvesting them in their business, such is the great “uncertainty” around the world economy. Brexit obviously only added to the fears and misgivings about the future.

Deflation is so difficult to overcome precisely because of its strong psychological component. When the balance of collective psychology tips from optimism, hope and greed to pessimism and fear, everything is perceived differently. Measures intended to restore confidence end up being interpreted as desperation, and therefore get little or no traction. As such initiatives fail, their failure becomes conformation of a negative bias, which increases the power of that bias, causing more stimulus initiatives to fail. The resulting positive feedback loop creates and maintains a vicious circle, both economically and socially:

There is a strong argument that when rates go negative it squeezes the speed at which money circulates through the economy, commonly referred to by economists as the velocity of money. We are already seeing this happen in Japan where citizens are clamouring for ¥10,000 bills (and home safes to store them in). People are taking their money out of the banking system to stuff it under their metaphorical mattresses. This may sound extreme, but whether paper money is stashed in home safes or moved into transaction substitutes or other stores of value like gold, the point is it’s not circulating in the economy. The empirical data support this view — the velocity of money has declined precipitously as policymakers have moved aggressively to reduce rates.

Physical cash under one’s own control is increasingly seen as one of the primary escape routes for ordinary people fearing the resumption of the 2008 liquidity crunch, and its popularity as a store of value is increasing steadily, with demand for cash rising more rapidly than GDP in a wide range of countries:

While cash’s use is in continual decline, claims that it is set to disappear entirely may be premature, according to the Bank of England….The Bank estimates that 21pc to 27pc of everyday transactions last year were in cash, down from between 34pc and 45pc at the turn of the millennium. Yet simultaneously the demand for banknotes has risen faster than the total amount of spending in the economy, a trend that has only become more pronounced since the mid-1990s. The same phenomenon has been seen internationally, in the US, eurozone, Australia and Canada….

….The prevalence of hoarding has also firmed up the demand for physical money. Hoarders are those who “choose to save their money in a safety deposit box, or under the mattress, or even buried in the garden, rather than placing it in a bank account”, the Bank said. At a time when savings rates have not turned negative, and deposits are guaranteed by the government, this kind of activity seems to defy economic theory. “For such action to be considered as rational, those that are hoarding cash must be gaining a non-financial benefit,” the Bank said. And that benefit must exceed the returns and security offered by putting that hoarded cash in a bank deposit account. A Bank survey conducted last year found that 18pc of people said they hoarded cash largely “to provide comfort against potential emergencies”.

This would suggest that a minimum of £3bn is hoarded in the UK, or around £345 a person. A government survey conducted in 2012 suggested that the total number might be higher, at £5bn….

…..But Bank staff believe that its survey results understate the extent of hoarding, as “the sensitivity of the subject” most likely affects the truthfulness of hoarders. “Based on anecdotal evidence, a small number of people are thought to hoard large values of cash.” The Bank said: “As an illustrative example, if one in every thousand adults in the United Kingdom were to hoard as much as £100,000, this would account for around £5bn — nearly 10pc of notes in circulation.” While there may be newer and more convenient methods of payment available, this strong preference for cash as a safety net means that it is likely to endure, unless steps are taken to discourage its use.

Part 2 is here: Negative Interest Rates and the War on Cash (2)

Part 3 is here: Negative Interest Rates and the War on Cash (3)

Part 3 is here: Negative Interest Rates and the War on Cash (4)

 

 


Bankruptcy was a staged event =fraud by trickery, collusion, R.I.C.O.

07/28/2017

http://new.oregontrackers.com/lawful-bloodline.html

CONGRESSIONAL RECORD HOUSE DECEMBER 13, 1932 Page 400

 

Proof the 1933 Bankruptcy was a staged event as the international bankers met at Basel. This from the Congressional Record – House: December 13, 1932.

…whereas such agreements entailed the surrender of rights of the United States and whereas the said agreement so made have never been disclosed or submitted to the Congress of the United States for ratification and have never become law in the United States: and whereas a second conference, composed of a committee appointed by direction of the aforesaid London Conference under stipulation it should consist of representatives nominated by the governors of the central bank interested and that it was to take place at Basel under the Bank of International Settlements; and whereas Albert H. Wiggin appeared at the said conference at Basel as the representative of the United States on the nomination of Gerorge L Harrison, of the Federal Reserve Bank of New York an individual who had no power to make the said nomination and whereas control of all the banking system of the United States including the fiscal agents of the United States Government with their control of United States Treasury funds was given to this London Conference committee , consisting of Albert H. Wiggin, Alberto Beneduce, Dr. R. G. Bindschedler, E. Fringul, P. Hofste de de Groot, Walter T. Layton, C. Melchoir, E. Moreau, O Rybeck, T. Tanka, upon which the so-called United States representative was out numbered nine to one by the control of all banking system and all the wealth of the United States and control of the Untied States Treasury was thus given to foreign powers;; and whereas actions taken by the said committee made it impossible for the banks of the United States to withdraw the funds of their depositors and other funds from Germany and obliged the banks of the United States continually to maintain the volume of their funds in Germany and made it impossible for the Treasury of the United States to withdraw moneys unlawfully taken from it and placed in Germany; and whereas such actions in regard to the banks and banking system of the United States were unlawful and where unnecessary for any benefit to Germany, whose economic and budgetary situation according to the report of the London conference did not justify a lack of confidence; and whereas the said actions were taken as measures of deflation against the American people to impound United States funds in Germany under foreign control, to paralize United States Banks, to injure the United States Treasury, and to keep the United States in a condition of depression until misery and fear and starvation would drive the people of the United States into submission and compel them to cancel the war debt owed to them; and whereas the said Wiggin had no lawful power to represent the baning system of the United States at the said conference at Basel; and whereas the nomination of the said Wiggin by an indiviual at the direction of the ministters of Great Britian, France, Germany, Belgium, Itally, Japan and the United States was unlawful; and whereas the agreements made and the action taken by the London Conference committe at Basel have never been submitted tot he Congress of the United States; and whereas billions of dollars in bank deposits have been lost by American citizens on account of the said agreements, and many United States banks have failed by reason of them and the Reconstruction jFinance Corporation has made loans of public money to banks and institutions injured by them and the public debt of the Untied States and the deficit in the United States Treasury have been increased by the actions of the London Conference committee at BAsel; and whereas the said actions were taken on the intiative and by the direction of the said Hoover; and whereas the still-holding agreements entered into at Basel by the said Wiggin was unlawful and was prepared concurren with the terms of the Hoover moratorium proposal by the said Hoover and others and was presented to the London conference by Henry L. Stimsipation as a joint product of British and American partticipation and was a part of a conspiracy designed to force the United States into submission to foreign nations and international bankers and thus to obtain cancellation of the war debts; and whereas in violation of the Constitution and laws of the United States, Herbert Hoover, President of the United States, initiated the London Conference and the Prearranged events which flowed from it; and whereas the London Conference was deceitfullytly initiated by the said Hoover for the purpose of securing cancellation of the war debts as shown by facts and circumstances; and whereas the Herold Tribune published a report at the close of the London Conference, a part of which reads as follows:

“If, as these British leaders expect, the committee recommends a considerable extension of credits to Germany ; if it indicates, further, that permanent amelioration of that situation depends upon reconsideration of the war debts and reparations problem, and if the interested powers take action along these lines the British admit that something indeed will have been accomplished-”

The record continues to include the impeachment of President Hoover for violations to the Constitution and laws of the United States, conducting conversations ignominious to the United States, attempting to negotiate treaties and agreements ignominious to the United States for the benefit of foreign nations and individuals, which violations make him guilty of high crimes and misdemeanors subject to impeachment;… it continues.

Merely being native born within the territorial boundaries of the United States of America does not make such an inhabitant a Citizen of the United States, unless an American Indian original to this land, subject to the jurisdiction of the Fourteenth Amendment “…Elk v. Wilkins, Neb (1884) 5 s.ct.41,112 U.S. 99,28 L.Ed. 643.

Trey Gowdy lays down facts about illegal immigration https://www.youtube.com/watch?v=NaqvzN3HDgA

8 U.S. Code § 1401 – Nationals and citizens of United States at birth

1978—Subsec. (a). Pub. L. 95–432, § 3, struck out “(a)” before “The following” and redesignated pars. (1) to (7) as (a) to (g), respectively.

U.S. citizens were declared enemies of the U.S. by F.D.R. by Executive Order No. 2040 and ratified by Congress on March 9, 1933

FDR changed the meaning of The Trading with the Enemy Act of December 6, 1917 by changing the word “without” to citizens “within” the United States

To cover the debt in 1933 and future debt, the corporate government determined and established the value of the future labor of each incorporated individual in its jurisdiction to be $630,000. A bond of $630,000 is set on each Certificate of Live Birth. The certificates are bundled together into sets and then placed as securities on the open market. These certificates are then purchased by the Federal Reserve and/or foreign bankers. The purchaser is the “holder” of “Title.” This process made each and every person in this jurisdiction a bond servant.

U.S. citizens were declared enemies of the U.S. by F.D.R. by Executive Order No. 2040 and ratified

WHAT IS HJR 192? Can we Discharge our Debts to the…http://understandcontractlawandyouwin.com/hjr-192-discharg

…/ Jun 7, 2014 … House Joint Resolution 192 was then passed by Congress on June 5, 1933. This law was passed to do away with the gold clause For lawful Bloodline American …

House Joint Resolution 192, 1933 – ****Redemption – tribe.net

tribes.tribe.net/redemption101/thread/07f05122-0090-408b

House Joint Resolution 192 … this Article does not contain an absolute prohibition against the States making something else a tender in transfer of debt. HJR-192 …

Background- 1933 The Bankruptcy of the UNITED…www.youhavetheright.com/tour3

Background- 1933 The Bankruptcy of the UNITED STATES. … passed House Joint Resolution 192 which served … impossible as notes of debt do not pay for anything …

Attorney’s License? Ain’t No Such Thing! ATTORNEY’S LICENSE??? AIN’T NO SUCH THING!!! Bigger text (+) … ALL LAWYERS AND LAWYER

Title 42 § 408(a)(8) Title 42 § 408

(a) In general

Whoever –

(8) discloses, uses, or compels the disclosure of the social security number of any person in violation of the laws of the United States; shall be guilty of a felony and upon conviction thereof shall be fined under title 18 or imprisoned for not more than five years, or both.

Constitution lawful Bloodline American Republic V British democratic Legal Democracy citizen immigration fraud please read about the law .The federal Constitution makes a careful distinction between natural born Citizens and citizens of the United States** (compare 2:1:5 with Section 1 of the so-called 14th Amendment). One is an unconditional Sovereign by natural birth, who is endowed by the Creator with certain unalienable rights; the other has been granted the revocable privileges of U.S.** citizenship, endowed by the Congress of the United States**. One is a Citizen, the other is a subject. One is a Sovereign, the other is a subordinate. One is a Citizen of our constitutional Republic; the other is a citizen of a legislative democracy (the federal zone). Notice the superior/subordinate relationship between these two statuses.I don’t know how many can hear or comprehend this…. But we lawful bloodline Americans STAND strong, we STAND our ground, we STAND for our rights. Standing is strength, standing is a sign of a Breathing living man and woman, thinking,,, Man or Woman.Kneeling is a sign of worship,…enslavement

8 U.S. Code § 1401 – Nationals and citizens of United States at birth

1978—Subsec. (a). Pub. L. 95–432, § 3, struck out “(a)” before “The following” and redesignated pars. (1) to (7) as (a) to (g), respectively.

U.S. citizens were declared enemies of the U.S. by F.D.R. by Executive Order No. 2040 and ratified by Congress on March 9, 1933

FDR changed the meaning of The Trading with the Enemy Act of December 6, 1917 by changing the word “without” to citizens “within” the United States

To cover the debt in 1933 and future debt, the corporate government determined and established the value of the future labor of each incorporated individual in its jurisdiction to be $630,000. A bond of $630,000 is set on each Certificate of Live Birth. The certificates are bundled together into sets and then placed as securities on the open market. These certificates are then purchased by the Federal Reserve and/or foreign bankers. The purchaser is the “holder” of “Title.” This process made each and every person in this jurisdiction a bond servant.

U.S. citizens and nationals were declared enemies of the U.S. by F.D.R. by Executive Order No. 2040 and ratified

WHAT IS HJR 192? Can we Discharge our Debts to the…http://understandcontractlawandyouwin.com/hjr-192-discharg

…/ Jun 7, 2014 … House Joint Resolution 192 was then passed by Congress on June 5, 1933. This law was passed to do away with the gold clause For lawful Bloodline American …

House Joint Resolution 192, 1933 – ****Redemption – tribe.net

tribes.tribe.net/redemption101/thread/07f05122-0090-408b


The Change in Presumptions

07/27/2017
http://www.paulstramer.net/2017/07/the-change-in-presumptions.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+http%2Fpaulstramerfeedburnercom+%28http%3A%2F%2Fwww.paulstramer.net++++Paul+Stramer+personal+blog%29

By Anna Von Reitz

I guess I didn’t make this clear enough to everyone and need to explain that the legal presumptions about Americans and their political status have just been flip-flopped as a result of our directions to the bankruptcy court.

Instead of us all having to prove that we are not federal employees nor dependents, they have to prove that we are.

The standards they have to meet are stipulated in the Judicial Notice of Claim dated June 29.  They can no longer just “presume” that you are either a Territorial or Municipal citizen or both.

This changes the entire paradigm that we have all been struggling with.

Although it is certainly good to get your own affairs straight and surrender the federal PERSONS and expatriate on the public record from these old claims against you, they are old claims and the basis for them has been shot through the heart.

It is also important for everyone to know that the Cestui Que Vie trusts are being liquidated—- either in bankruptcy for actual federal employees and dependents, or in probate for everyone else.

This was forced by the UNITED STATES bankruptcy.  Their plan was to discharge all the debts of the federal PERSONS entirely in bankruptcy, which would confirm their claim that we are all Territorial or Municipal citizens and pave the way for them to them to claim all our assets.

We prevented that.  They must now regroup and provide the probate option which not only wipes away the debts of all federal PERSONS, but also returns your birthright estate to you, free and clear.

Obviously, this is a very recent turn of events and there are no instant answers, but the process coming out of this should be much simpler and easier for everyone concerned.

Most likely there will be two kinds of “Treasury Direct Accounts”—- one for federal employees and dependents and one for American nationals, both of which will be used to discharge debts— one through bankruptcy and the other through probate.  Stay tuned for more information as this plays out.

See this article and over 600 others on Anna’s website here:

http://www.annavonreitz.com


Wake up to the Rockefeller movie of political reality

07/26/2017
https://jonrappoport.wordpress.com/2017/07/24/wake-up-to-the-rockefeller-movie-of-political-reality/

 by Jon Rappoport

The key document here is the 2010 Rockefeller Foundation brainstorming exercise, “Scenarios for the Future of Technology and International Development”.

It imagines various disasters and possible responses to them.

The report presents a friendly and concerned front, but reading between the lines, you can see Globalism at work, shoring up a new and improved international order—as if that solution is the only viable future for humanity.

Here is a choice bit of scenario-building and forecasting from the report:

“In 2012, the pandemic that the world had been anticipating for years finally hit…national leaders around the world flexed their authority and imposed airtight rules and restrictions, from the mandatory wearing of face masks to body-temperature checks at the entries to communal spaces like train stations and supermarkets. Even after the pandemic faded, this more authoritarian control and oversight of citizens and their activities stuck and even intensified. In order to protect themselves from the spread of increasingly global problems—from pandemics and transnational terrorism to environmental crises and rising poverty—leaders around the world took a firmer grip on power.”

Ah yes, the favorite phony stepchild of the Globalists: a pandemic. Forget the fact that every dire prediction of worldwide destruction from a dreaded virus, during the past 15 years, has fallen flat. SARS, Swine Flu, West Nile, Bird Flu, etc. Duds.

Here’s another preposterous Rockefeller future, from the viewpoint of 2010:

“Undeniably, the planet’s climate was becoming increasingly unstable.”

“Sea levels were rising fast, even as countries continued to build-out coastal mega-cities.”

“In 2014, the Hudson River overflowed into New York City during a storm surge, turning the World Trade Center site into a three-foot-deep lake. The image of motorboats navigating through lower Manhattan jarred the world’s most powerful nations into realizing that climate change was not just a developing-world problem.”

The last Time I looked, New York City was not underwater. Submarine taxis weren’t taking people to work.

Now read further, to get a flavor of the Rockefeller solution to the “climate disaster.” Notice that an international order, and NOT separate nations, is required:

“In such an interconnected world, where the behaviors of one country, company, or individual had potentially high-impact effects on all others, piecemeal attempts by one nation here, one small collective of environmental organizations there, would not be enough to stave off a climate disaster – or, for that matter, to effectively address a host of other planetary-scale problems.”

“But highly coordinated worldwide strategies for addressing such urgent issues just might. What was needed was systems thinking – and systems acting – on a global scale.”

“International coordination started slowly, then accelerated faster than anyone had imagined.”

“In 2015, a critical mass of middle income and developed countries with strong economic growth publicly committed to leveraging their resources against global-scale problems, beginning with climate change. Together, their governments hashed out plans for monitoring and reducing greenhouse gas emissions in the short term and improving the absorptive capacity of the natural environment over the long term.”

“In 2017, an international agreement was reached on carbon sequestration (by then, most multinational corporations had a chief carbon officer) and intellectual and financial resources were pooled to build out carbon capture processes that would best support the global ecosystem. A functioning global cap and trade system was also established.”

“Worldwide, the pressure to reduce waste and increase efficiency in planet-friendly ways was enormous.”

Now here is the big one, with technocracy as the master:

“New globally coordinated systems for monitoring energy use capacity – including smart grids and bottom-up pattern recognition technologies – were rolled out. These efforts produced real results: by 2022, new projections showed a significant slowing in the rise of atmospheric carbon levels.”

“Inspired by the success of this experiment in collective global action large-scale coordinated initiatives intensified”. Centralized global oversight and governance structures sprang up, not just for energy use but also for disease and technology standards. Such systems and structures required far greater levels of transparency, which in turn required more tech-enabled data collection, processing, and feedback.”

“Enormous, benign “surveillance” systems allowed citizens to access data – all publicly available – in real time and react. Nation-states lost some of their power and importance as global architecture strengthened and regional governance structures emerged. International oversight entities like the UN took on new levels of authority, as did regional systems like the Association of Southeast Asian Nations (ASEAN), the New Partnership for Africa’s Development (NEPAD), and the Asian Development Bank (ADB).”

Are you following this? The monitoring of energy use: for example. This is nothing less than moment to moment tracking of energy production and consumption, planet-wide.

It’s the ultimate top-down force. What flows from this position is the ALLOCATION of energy to every nation—and, up the road, TO EVERY HUMAN.

“Mr. Jones, your energy-use card shows you’ve reached your limit for this month. Ten days left until February 1. All your energy-producing devices and assets will shut down now. Have a nice day.”

You don’t think that could ever happen? There is no way to assign energy-use limits to nations without directly impacting use by individuals.

I also hope you noticed the reference to emerging “regional governance structures.” The takeover of separate nations by the UN, the EU, and other “unelected bodies”.

This is the preferred and mandated Rockefeller solution.

And now a word about the hated and loved Donald Trump. Whatever you think of him, he raised the issue of Globalism, front and center. He shot down the Rockefeller TPP treaty. He didn’t sign the Paris Climate pact. He emphasized nationalism, as opposed to internationalism. He mocked climate-change “science.”

For the moment, let’s assume the very worst. Trump didn’t mean anything he said. He was a liar, is a liar, and will be a liar. He was actually put in office by the Globalists, who wanted a ludicrous enemy to play off of. He wasn’t and isn’t an enemy of Globalism. He’s a complete fraud. By relentlessly attacking Trump, the Globalists will defeat their “last opponent,” and in the next election they will sweep into power as never before, believing they can then complete their plan for worldwide domination. Let’s assume all this.

Nevertheless, millions and millions of people have become alerted to this thing called Globalism as a destructive force with a covert agenda of planetary control.

Observers can go full-bore gloom and doom, claiming it doesn’t matter. They can bitch and moan about how nothing has changed. They can confirm their own personal prophecy of failure along all fronts.

Or they can try to wake up more people to what Globalism is really all about.

All along I’ve said I’m far more interested in the people who supported Trump, for their own reasons, than I’m interested in Trump. And I’m not particularly interested in those supporters’ reasons, either—except when FREEDOM is involved.

The freedom to take destiny into their own hands.

That idea is not dead. It will never be dead.

Time is long.

THE INDIVIDUAL is at the very bottom of the Globalist plan. He is considered to be a fly in the ointment that needs to be eradicated, in favor of The Group.

He is considered to be an extinct evolutionary appendage.

That is why the Globalist superstructure must be defeated.

Psychologically, spiritually, mentally, emotionally, creatively, a separate nation is better than an oligarchic global government.

An individual is better than a nation.

A free individual is better than a sleeping individual.

A self-empowered individual—free, responsible, rational, intensely creative—is possible and necessary.

This is where it all starts.

This is where it has to start.

It doesn’t start with a global glob of fantasizing utopians, who are unaware they’re acting on behalf of an Earth Empire.


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

Jon Rappoport

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


Armageddon Is Two and One half Minutes Away and Playing Chicken with Nuclear Annihilation

07/25/2017
http://www.paulcraigroberts.org/2017/07/25/armageddon-two-one-half-minutes-away/

Paul Craig Roberts

Are you ready to die? You and I are going to die and not from old age, because our fellow Americans are so stupid, ignorant, and brainwashed that they believe the lies that are leading us to our certain destruction. This is what the Atomic Scientists tell us. And they are right.

http://www.globalresearch.ca/the-doomsday-clock-two-and-a-half-minutes-to-midnight-ever-closer-to-nuclear-war/5600715

Can you comprehend the absurdity? President Trump is under full-scale attack from the military/security complex, the US presstitute media, the Democratic Party, and from many Republicans, such as Republican Senator from South Carolina Lindsey Graham and Republican Senator from Arizona John McCain simply because President Trump wants to reduce the dangerous tensions between the two major nuclear powers.

What explains the total lack of concern for their own lives on the part of the populations in South Carolina and Arizona who send to the Senate and keep sending to the Senate two morons determined to provoke war between the US and Russia?

It should send shivers up your spine that you can ask this same question about all 50 states, and almost all congressional districts.

You can ask the same question about the bordello known as “the American media.” There will be no one alive to post or to read the headlines of the war that they are helping to promote.

The United States and the rest of the world with it along with all life on earth are being sent to their graves by the total failure of American leadership.

What is wrong with Americans that they cannot understand that any “leader” who provokes war with a major nuclear power should be instantly institutionalized as criminally insane?

Why do Americans sit night after night in front of the TV absorbing lies that commit them beyond all doubt to their deaths?

America has failed itself and the world!

Olddogs Comments!

Every one of you reading this should forget about your fears of aggravating your friends and send this by email to everyone you know. There is no excuse for people who just ignore everything they’re too lazy to read. And if they get mad at you, erase them from your lives. I do not pretend to know what the Russians are going to do, but past experience with the idiot traitors in D.C. is all I need to be very concerned. I do not want my family to fry in a nuclear blast. How about yours?


Playing Chicken with

Nuclear Annihilation

Norman SOLOMON

Any truthful way to say it will sound worse than ghastly: We live in a world where one person could decide to begin a nuclear war — quickly killing several hundred million people and condemning vast numbers of others to slower painful deaths.

Illustration by Chesley Bonestell of nuclear bombs detonating over New York City, entitled “Hiroshima U.S.A.” Colliers, Aug. 5, 1950

Given the macabre insanity of this ongoing situation, most people don’t like to talk about it or even think about it. In that zone of denial, U.S. news media keep detouring around a crucial reality: No matter what you think of Donald Trump or Vladimir Putin, they hold the whole world in their hands with a nuclear button.

If the presidents of the United States and Russia spiral into escalating conflicts between the two countries, the world is much more likely to blow up. Yet many American critics of Trump have gotten into baiting him as Putin’s flunky while goading him to prove otherwise. A new barrage of that baiting and goading is now about to begin — taking aim at any wisps of possible détente — in connection with the announced meeting between Trump and Putin at the G-20 summit in Germany at the end of this week.

Big picture: This moment in human history is not about Trump. It’s not about Putin. It’s not about whether you despise either or neither or both. What’s at stake in the dynamics between them is life on this planet.

Over the weekend, more than 10,000 people signed a petition under the heading “Tell Trump and Putin: Negotiate, Don’t Escalate.” The petition was written by RootsAction to be concise and to the point: “We vehemently urge you to take a constructive approach to your planned meeting at the G-20 summit. Whatever our differences, we must reduce rather than increase the risks of nuclear war. The future of humanity is at stake.”

A war between the world’s two nuclear superpowers could extinguish human life on a gigantic scale while plunging the Earth into cataclysmic “nuclear winter.”

“Recent scientific studies have found that a war fought with the deployed U.S. and Russian nuclear arsenals would leave Earth virtually uninhabitable,” wrote Steven Starr, a senior scientist with Physicians for Social Responsibility. “In fact, NASA computer models have shown that even a ‘successful’ first strike by Washington or Moscow would inflict catastrophic environmental damage that would make agriculture impossible and cause mass starvation.”

The Bulletin of the Atomic Scientists explains why, since last year, it has moved the risk-estimate “Doomsday Clock” even closer to apocalyptic midnight — citing as a major factor the escalation of tensions between the U.S. and Russian governments.

So, the imminent meeting between Trump and Putin will affect the chances that the young people we love — and so many others around the world — will have a future. And whether later generations will even exist.

I put it this way in a recent article for The Nation: “Whatever the truth may be about Russian interference in the U.S. election last year, an overarching truth continues to bind the fates of Russians, Americans and the rest of humanity. No matter how much we might wish to forget or deny it, we are tied together by a fraying thread of relations between two nations that possess 93 percent of the world’s nuclear weapons. Right now it is not popular to say so, but we desperately need each other to enhance the odds of human survival.”

In that overall context, stoking hostility toward Russia is, uh, rather short-sighted. Wouldn’t it be much better for the meeting between Trump and Putin to bring Washington and Moscow closer to détente rather than bringing us closer to nuclear annihilation?

OLDDOGS COMMENTS!

When are the American people going to wake the hell up and get rid of the USA Corporation? We were promised a Republic and all we have ever had is a bunch of thieving liars. Are we so damn lazy we will let them destroy us?

AMERICA, WAKE THE HELL UP!


When Push comes to Shove CAFR1 NATIONAL POST

07/24/2017

http://CAFR1.com/wpcts.html

by Walter Burien – CAFR1

Our country, the USA is at a crossroads. What is at stake is the perceived reality we are all spoon-fed vs. the reality of truth.

Truth is not a propagandized agenda that is slanted to such an extent to be outright false. Truth is simple reality when the before mentioned agenda layers are stripped away.

I have closely watch the news from ABC, CBS, NBC, CNN, FOX, and other news outlets over the last 6-months to clearly spot the biased propagandized presented agenda as would pertain to our President, Donald Trump.

As we all know, a campaign to smear Mr. Trump was aggressively exerted by key individuals from the center of corrupted political control machine in place prior to the election. Bottom line? … They did not succeed and  in fact their obvious tactics polarized the American people to organize the population to make sure Mr. Trump succeeded in his bid for President of the USA.

Did that inherently corrupted machine evaporate when Mr. Trump took office? No it did not. What it did though was to organize a singular strategy to tie the hands of Mr. Trump through utilizing a well planed, agreed upon, and focused attack whereby through repetition over and over again in so many words was structured to convince the population that the World was not round but flat. My statement here may seem a little to simple but in “fact” is how the objective game is simply played out by the syndicate gang.

The object is through repetition and supposed debate on the issue, designed to “implant” in the minds of the population that a serious issue exists when in fact none does. In doing so it accomplishes several objectives:

1.It swamps Mr. Trump with “time consuming” thought and effort from both him and his administration in response. In doing so, it stalls the progression of our Presidents efforts to accomplish his campaign promises.

2. When the political gangs of our Senate and Congress see the effectiveness of the focused attack, those who were fence sitters, will tend to lean towards the agenda of the attack further complicating the effectiveness of Mr. Trump when it comes down to votes on an issue. It appears that Push has come to Shove in resolving these issues of the controlled effort to marginalize the effectiveness of our President, Mr. Donald Trump.

3. The intended effect such an agenda has on the population through the open spoon-feeding of the agenda from the corrupted political machine is to diminish support for our President through convincing the population through repetition that an issue exists when “in fact” none does. The one issue focused attack?…. Russia’s involvement in the election. (And I am confident five or more other plans are being held as bakups to be used as time goes by and are needed to be used by the gang)

So let us examine the “reality” of facts:

1. In every Presidential election that has taken place over the last 100-years, especially in the USA, the world community, every country on the planet has expressed their “Nay” or “Yea” regarding the candidates running for office. Was Russia pro Trump? Yes. Were many other Countries around the world pro Trump? Yes. It would be nice for the news media to compile that list and make it very public.

I will note that financial contributions that came in for Mr. Trump were primarily from the USA whereby for Mr. Obama (emphasis added), Mr. Bill Clinton, and his wife Hillary when they ran for President, massive amounts of contributions came in from foriegn countries, Soviet block countries, Asian Countries, and especially some of the mid-east countries. For the Bush’s, massive contributions came in from Corporate entities both domestic and foriegn. (But then war assured for those Corporate interests is very profitable)

Who has the cleanest record of financial backing from the US Population and NOT foriegn or Corporate interests?

ANSWER: Mr. Trump

Health Care: Obama care as it is called was designed to be the most profitable, (massively profitable) in all respects for government institutional investment funds. USA government, both local and Federal are the primary investors with the insurance, health-care, and medical provider industries. When Obama-care was put in place, billions came rolling in “designed” to enhance the profits within those government institutional investment accounts at the direct expense of the USA population.

So is Mr. Trump running into opposition regarding modifying the “Goose that lays the Golden eggs” for government institutional investment funds to the tune of a few trillion dollars in government profits since it was implemented and projected to accomplish over the next several years? Well that is a “no brain effort”  for an answer..

Mr. Trump is in a position of a rock in a hard spot regarding this issue. On one hand if he “qualified” to the population the scope and size of the government institutional investment funds “collective” trillion’s of dollars of participation for “profit” from Obama-care; Presidents for attempting that type of disclosure have been quickly destroyed or assassinated for less. On the other hand to sway the political syndicate players, that in the alternative truly benefiting the population per health-care at a low cost where in effect it would substantially diminish those massive profits coming in for the government’s institutional investment funds, is to say the least,  a very difficult up-hill battle. The “Art of Making the Deal” will be put to a true test of Mr. Trump’s abilities here.

Building the Wall and having Mexico pay for it: Well, that is a pretty simple thing to do. Step-one is to impose a 1.5% import tariff of Mexican goods coming into the USA, In doing so it in a small way helps USA interests from  being under-cut by cheaper Mexican goods and those funds collected are specifically designated to build the wall. (To the tune of 1.5%). Step-two, and this is a big one, the value of all confiscated drugs caught coming across the border from Mexico is added as a separate levy to the tariff on a semi-annual basis.

Which will add more revenue for quick completion of the wall. The 1.5% import tariff or the drug confiscation value add on? Time will tell… But I am confident that drug seizures will go up substantially with that value added levy in place. Also the Mexican government may just be motivated to fight drug trafficking coming from their country going into the USA due to that levy. So what is holding this back from being implemented?  Again, it boils down to USA Government institutional investment fund profits generated from Mexico.

What the USA population needs to comprehend, is that back in the 80’s, the Mexican Peso was intentionally driven down through the floor by USA Institutional investment fund manipulation (funds traded domestic AND Internationally) through the world currency derivative markets. When the Peso was driven down to a very small fraction of its previous value, the USA Government institutional Investment funds came in with several hundred billions of dollars buying up and investing in several Mexican Industry groups for pennies on the dollar based on the currency manipulation that took place.

Then the currency manipulation ceased, the Peso rebounded, NAFTA was implemented in 1993 and GATT was utilized, and the flood gates for Mexican goods coming into the USA were opened. After that was done by the end of the 80’s and the beginning of the 90’s almost everything you picked up in Walmart or K-Mart said “Made in Mexico”.  Investment returns for those new owners of those industry groups by investment, and orders being directed to the same, the added value of the rebound in the Peso,  and the cheap labor available in Mexico, profits soared. We are talking 600% to 3000% on some of those investments “per-year”.

After 5-years, and then for the next 15-years with the flood gates being opened, USA Government institutional fund profits were in the trillions of dollars from the original investment take-over accomplished through the Mexican Peso currency manipulation played out at the beginning of the 80’s.

So, what does a 1.5% tariff effect? ANSWER: The return generated for those now trillions of dollars in value held collectively by USA government Institutional investment funds in place within Mexico. That is why the silence is deafening per the building of the Wall.

Could Mexico in retaliation move to seize those assets standing of USA government institutional investment funds? Yes. Additionally back in the early 80’s when the Mexican government was crying uncle due to the Peso being driven down through the floor, the US Government advanced the Mexican government 50-billion dollars, and then got them for another 50-billion dollar+ on a loan where it was specifically repayable in crude-oil locked in at $10 per barrel for repayment of the total loan. If a good portion of that loan was outstanding, could the Mexican Government in retaliation default on it? Yes, they could.

So, when Push comes to Shove between the USA and Mexico, Mexico has some pretty good leverage to hold over the USA’s head. But then in over-all reality, if Push comes to Shove, in light of military inequality, Mexico may just make a good new State to the Union and no wall would be necessary. I am sure many a Texan would want to participate in that one if it became necessary to do so, but then the Mexican Government would quickly realize the error of their ways if that potential was being put on the drawing board..

When truth is presented, and most importantly “comprehended”, the “Big Picture” comes to light and the implications therein understood.

The “Bottom line” comes down to “Who Benefits”? Is it the USA population, or the USA Government Corporate Institutional fund’s for profit interests? (Due to the money and wealth involved)

Well, again we saw what played out before the election and what is being playing out since the election. As it has come to be known: “The Fake News” in cooperation with the entrenched political gang is predominantly moving along to systematically marginalize Mr. Trump and his effectiveness as our President. The syndicated corporate Government “for profit” gang in DC and across the land has their plan in place and will continue it’s implementation until they are forcefully stopped. Keep in mind they have played the same game for over 70-years and the trillions of dollars that have and continue to change hands through cooperating with the game is well in place and tuned like a Stradivarius violin. That is what Mr. Trump in all reality is up against.

What is needed in the “Push come to Shove” effort from the American population?

Take names and addresses. The game being played out once comprehended is very obvious. Let those you spot cooperating with the game, know in no uncertain terms that you are not very happy with them. In fact let them know you are out-right disgusted with them, and you think they are an insult to the American population. For a starter that will have a positive effect.

Cooperative players with the game are effected by their established cash flow being diminished. I have noticed ABC and their talking heads being one of the clearly smug, methodical players in perpetuating of the game. The corporate sponsors that buy ad-time on ABC, let them know your feelings as expressed in #1, requesting they pull their ads from ABC.

Let all know that are cooperating with the game, done so by them knowingly, willingly, and intentionally, that their cooperation has consequences diminishing the USA’s standing with the population domestically and in the World’s opinion of the USA. Additionally, that cooperation with the embedded inherently corrupted political machine will additionally have UN-intended consequences as to the basic cohesiveness held by the masses making up the population. A cohesiveness that for hundreds of years has maintained the prosperity (That has been perpetually diminishing) we all have enjoyed since the USA’s creation as a nation to date. I note as history proves, Rome fell after looting 2/3rds of the known world, and when the looting became thin from their conquests, the looting was turned inward towards the wealth held in Rome, against each other, and Rome fell.

Mr. Trump as our President needs our 110% commitment behind his efforts and in support of his integrity. The methodical diminishing and attempts to “set up” a repetitive spoon-fed meaningless issue as if it were an issue to accomplish the political objective  from those “specific” cooperative players to thwart Mr. Trump’s effectiveness to benefit the USA Population  needs to stop and will only stop when those perpetuating the same are directly confronted to do so. A universal law is: “An object in motion stays in motion unless countered by an equal or greater force”.

I say it is about time that the DC gang learns clearly who and what is the greatest force within the USA. That being the collected consciousness coming from the population of the USA. Throw the organized false agenda spoon-feeding out the window.. Throw the “divide and conquer” spoon-feeding we all have been getting for decades out the window.

Mr. Trump has promised to: “Make America Great again”. I have always believed that America was always great. But based on the effects of an inherently corrupted political system that is running way out of control for decades extorting the wealth of it’s own peoples, their is MUCH room for improvement. Let us all help Mr. Trump and his administration “Clean up the Swamp” and establish a structured government that is more in line to directly benefit the USA and more specifically, the Population “of the USA”.

We are all “Masterfully Entertained” by the implanted gang to be off in La-La land and under ultimate distraction as “they” laugh all the way to the bank every day, week, month, and year. They have been doing so for decades as the tears, stress, and diminishing of the population’s wealth and holdings proportionally erodes and worsens.

I don’t know about you, but I would be a whole lot happier if the population’s laughter and big smiles erupted into a consistent and perpetual roar as the standard. The trend that is in place now, needs to be reversed and reversed with true applied force, done so within the best of our abilities to do so.

Please share this communication with those that you know. Post to chat and news sites so that as many individuals can see it to thus comprehend what is disclosed within. Censorship will be at play, but then that is what force is all about. Breaking through and over-riding the opposition presented..

The majority of the American population needs to see this communication. Will that happen? You and all that read this communication will determine that “realty” in your efforts of breaking through the digital communication censorship in place today. There is no “Masterful entertainment” here. Just some of the “realty” that may turn the tide for assisting our President, Mr. Donald Trump towards effective action as “We The People” intended…

Who knows, our efforts may just free up his time and focus to where he and his administration may be able to assist in making the TRFA designed to retire taxation across the land go into effect sooner than later throughout “our” nation.

Again, “Throw the “divide and conquer” spoon-feeding we all have been getting for decades out the window.” It only serves the syndicate and weakens us as a peoples of this planet Earth.

United we stand, divided we fall. So it appears, emphasis given, unity between all is the way to go for optimum unified force to be applied to effect the desired changes needed. As far as this issue is concerned, there are no Blacks, Whites, Asian, Jews, Catholics, Muslims, Hindus, or any sect or breed, there is only one force; The Peoples of the USA united, united to stand for a common end. That end being prosperity for all peoples of the USA in opposition to an inherently corrupted government for profit, operating outside of the interests of it’s own peoples.

Sent FYI and Truly Yours,

Walter J. Burien, Jr.

  1. O. Box 2112

Saint Johns, AZ 85936

Tel: (928) 458-5854 Arizona

Websites: CAFR1.com  and TRFA.us