The Gold Standard: Friend Of The Middle Class

In-Gold-We-Trust
Source: AntoniusAquinas.com
July 8, 2016

It has been theoretically demonstrated and seen in general practice that a monetary system of 100% metallic money devoid of central banking checks monetary inflation, prevents a general rise in the price level, and eliminates the dreaded business cycle while making all sorts of monetary mischief nearly impossible.  A gold standard is not only economically superior to any paper money scheme, but is morally just, which is why it is hated by the politically well-connected, academics, politicians, and the rest of the Establishment.

Often not discussed, however, even by its proponents is the beneficial effect that “hard money” has for the middle class.

It is not a coincidence that since the U.S. left the last vestiges of the gold standard in 1971 with President Nixon’s nefarious decision to no longer redeem international central bank payments in gold, real wages for Americans have stagnated.  Nixon’s decision to put the nation on an irredeemable paper money standard set it on a course of economic ruination, which is why he should have been hounded from office not for his role in the bungled, petty cover up at the Watergate.

Stagnating wage rates have been confirmed by a number of studies, take, for instance one from the Pew Research Center which states that “today’s average hourly wage has just about the same purchasing power as it did in 1979. . . . [I]n real terms the average wage peaked more than 40 years ago: The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would today.”*

While the absence of the gold standard has impoverished laborers, it has benefitted (not surprisingly) the very wealthy – hence, the reason why it was abandoned, as the Pew Study reports: “What gains have been made, have gone to the upper income brackets.  Since 2000, usual weekly wages have fallen 3.7% (in real terms) among workers in the lowest tenth of the earnings distribution, and 3% among the lowest quarter.  But among people near the top of the distribution, real wages have risen 9.7%.”**

Continue Reading At: AntoniusAquinas.com

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Secret Space Program Conference [2015] – Catherine Austin Fitts – The Space Based Economy HD

TheBreakaway
Zy Marquiez
July 7, 2016

Being one of the headliners of the SSP Conference, former Assistant Secretary of Housing and Urban Development, Catherine Austin Fitts [Solari.com], went next to last on the final day of the conference.

Being the monetary guru of the conference, her presentation is thus named “The Space-Based Economy.”

Fitts’ presentation begins with a rough outline of what the presentation will cover:

– Looking for the Money
– Mapping the Economics
– Building out The Low-Earth Orbit Infrastructure
– Unanswered Questions: Closed vs. Open Economy
– Practical Implications To You

From the outset Fitts’ commences by explaining how she got entangled into this abstruse subject.  At the nascent point of her quest, she began simply by looking for $4 Trillion dollars that went missing from the US Government.

She proceeds to take a cursory glance at the amount of money spent in space by the most powerful economies.   Thereafter, she hones in on a more disturbing machination, which regards how much money the military has ‘lost track of’.  This outrageous incident, which isn’t the only one, adds up to the tune of $2.3 Trillion dollars.

There in Fitts’ tackles this monumental issue by delineating the fact that a whopping $40 Trillion dollars is what she estimates the black-budget brigade has siphoned from private households as well as the US Govt. and other places.  The obvious question she poses:  “Where did it go?”

She alludes that that enormous amount of money would be sufficient to run a global government behind the scenes, it could have gone into space, or a few other places such as the black budget and such.

With a bit of humor, she picks on Lockheed Martin with a few of caricature jokes  for obvious reasons, given their stature as contractor and highly probable tentacles within off-world ventures.

Fitts’ proceeds to show a chart which shows a comparison between the NASDAQ, the SP500, & Lockheed Martin’s stock, as well as pointing out a few notable points regarding these three charts.

After that she speaks of a waver that the National Security Advisor can give that will allow him to delegate to companies the ability to wave the compliance of SSC Transparency Rules.  This is quite intense, because with that any company can undertake black budget projects and many other dealings.

Fitts’ splits up the economy into two regions, the Low-Earth Orbit, which manages the flows related to resources primarily on Earth.  This is where 90% of the economic action is.  The other area is space exploration, and she says its profoundly different economics between L.E.O. and space exploration.

One interesting aspect is her take on exploration.  She mentions how exploration has always usually been a risky venture historically, and can be quite detrimental to a society.  This would only be more exacerbated in space.  Due to that she proceeds to touch lightly upon the fact that the establishment needs to figure out how to handle the political/economic risks of these ventures.

As an example, she talks about how Scottland undertook ‘The Darien Project’, which wound up being a bust, and wiped out 20-25% of the capital of the country.  This is a small, but incisive reminder into the risks of explorations that a country needs to heed.

Knowing the incoming Space Race that is coming, the establishment is pushing heavily into reigniting the interest of space.  Because of this, space ports are popping up everywhere.  Fitts covers a few aspect of this new corporate space race.

Subsequent to that Fitts covers the crucial need to minimizing cost of delivering payloads into space.  In the past, control of the sea lanes was linked to the economy, but now, coupled with that the satellite lines are the ones that are in need of policing.  Due to that, there is an incoming traffic jam in space of countries that are realizing the need of putting satellites into orbit and the advantages that can have due to the Snowden revelations.

The competitive aspect of manufacturing is then addressed quite well by Fitts.  She talks about “..building a domestic manufacturing infrastructure not just here but in other countries around the world where they can break through, break free, a huge amount of industrial capacity so they can support the cost of going not space.”  Japan’s tech giants are mentioned as one of the ones carrying this out.

One of the most notable points follows:  “The goal of what is going on in that space is…about the control and concentrations of flows on planet Earth including cashflow.”  This is because the control and concentration of cashflow are arguably the two largest factors to focus upon regarding the space-based economy.

The amount of total satellite launched in space is covered thereafter, with Russia, China, and USA focused on.  Satellite Industry Revenues is also mentioned.  The focus should be on the digital information going through the satellite.

A thorough Chronology of the Building Out Of GPS is there in shown.  Coupled with that she seeps into the supporting digital systems and the “smart grids” that support the satellites.  The main point behind all those tools is “Who can get the data from here to there the fastest”.   This is the foundation for space-based operations in the Low-Orbit sector.   One highly notable bullet point was the one covering Weaponry, which included: Surveillance, Intelligence, Coordination And Unmanned Forces [Drones, Robots]; Entrainment and Electronic Harassment; Offensive and Defensive Weaponry.   This is in order to be able to use force with unmanned capabilities from a distance, if the need to go to a defensive posture arises.   Soft weapons are also mentioned as a cause for concern given their increasing use.  If am not mistaken, Fitts’ had an interview with Charles Hugh Smith covering some aspects of Soft-Weaponry on her Solari Website.  All this centers upon mind control of the individual.

Another profound quote by Fitts is shared in regards to power, and money:

“If you look at the competition for resources globally, the shift of investment eastward means that the military must enforce.  Nobody puts money where they can’t enforce.  That means, as the money moves globally, so must the military.  It’s simply the nature of the investment model.”
– The Solari Report

This is all leading to a rebalancing of power that is currently taking place globally.

Sinking her teeth into an abstruse aspect of this global move, Fitts focuses thereafter on the rise of internet uses globally.  As she mentions, in its nascent stages in 1995, less than 1% of the Global Population was on the internet.  However, in 2005, there were 1 Billion internet uses.  This had tripled by 2014, and increased slightly more thereafter.  All of this has come due to the lower cost of smartphones nowadays, which has aided greatly in this user expansion.

“Why is this important?  One of the most important drivers  of economic in space and in the low-earth Orbit is what?  Fiat currency.”  All of this is headed towards a global digital currency of some effect.

The debt-based fiat game is then talked about quite incisively as to how that plays out in the global scheme, and how that interludes into global control and military capacity.

The One-Way Mirror is the addressed by Fitts’.  This regards the surveillance platform that is being implemented that is so intrusive, so  far-reaching, and so breathtaking that is beyond astonishing.  Due to that, she focuses on the importance of knowing about entrainment, subliminal programming, financial manipulation, soft weapons, and aspects of the CIA/NSA/Google [Nafeez Ahmed] and more.

Women are thence focused upon Fitts, and it’s quite fascinating, as the establishment has made an enormous effort to play the woman card.  What is meant by this is that women in every aspect o the world are being promoted.  This is because the global female population has a GNP that’s bigger than China.  Essentially, women control an enormous economic arm of the globe.  This is something that is going to play itself out from here on out.

Fitts continues: “Control is not control of countries and municipalities or government leaders.  Control is control of every one of you and I using racial based technology, artificial intelligence and a lot of these different technologies.”

The global fight for the internet is then addressed by Fitts.

Subsequently, she covers the Peace Of Westphalia.

The Peace Of Westphalia [1648] was the political agreement which was the end of the medieval period, because it came up with a philosophy of sovereignty that gave a monopoly of force on a the sovereign government.  Before that a lot of nation states and mercenaries were able to field power.

Soon thereafter, Fitts moves from there to Unanswered Questions: Is Earth An Open Or A Closed Economy?

– Who Owns The Debt?
– What Is The Gold Inventory?
– Who Is behind The One Way Mirror?
– Who Controls The “Smart Grid?”
– Black Budgets, Dark Pools, Hidden Systems Of Finance: Is There Such A Thing As Markets?
– Digital Currencies: Who Controls?
– What Are The Economic Costs Of Disinformation?

The above questions are delved into by Fitts’ in a poignant manner.  She makes some interesting, and yet, quite provocative statements regarding the above points/questions.

Catherine Austin Fitts finalizes her presentation with all the things the individual can do.  This is my most favorite aspect of her presentation because she is always hammering on the importance of what people can do at the individual, local level of their community.   Not from a fear point of view, not from a doom-and-gloom, but in a way that is realistic, practical and energetic way.

Jon Rappoport also hones in on this quite regularly in his website NoMoreFakeNews.com and on JonRappoport.wordpress.com.

If you wish to learn more about Fitts’ work, you can go to Solari.com, which is her website, or you can goggle Youtube to watch many of her interviews.

Catherine Austin Fitts’ work is highly respected here, and with great reason.  Her approach is always reasonable, methodical, fearless and extremely educational in many ways.

If you have time please check out her work.  You will not be disappointed.

NY Couple Loses $25k Because Their Bank [Chase Bank] Doesn’t Keep Records

dollar_economic-collapse_sp_oc
Source: ActivistPost.com
Joshua Krause
June 25, 2016

Other than politicians and the media, there is no other force in our society that is hated more and trusted less than the big banks. Between the bailouts that followed the crash of 2008, and the wealth confiscations that occurred in Cyprus a few years later, it’s become abundantly clear to everyone that the banks are run by criminals, and you can’t trust them to hold onto your savings.

And if you ever needed another reason to be cautious about putting all of your savings into a bank, you should listen to what happened to Anna and Salvatore Russo. The couple opened a savings account with Chase Bank in 2002, and deposited $30,000, which was reduced to $25,000 after they made a withdrawal shortly thereafter. But with the exception of that withdrawal, they hadn’t touched their bank account for years, in the hopes that they would collect interest on the money.

But when they decided to withdraw that money in 2014, it was gone. Anna Russo told CBS how she reacted when the bank told her that they had no record of her account. “I said, there’s got to be somebody in that bank that knows about my money, but nobody knows.” “They can’t explain it, and they feel that they don’t have any no obligation, even though we have a book,” her husband added, referring to their own documents.

Chase eventually revealed that they have a record of their first deposit but nothing else, which is why the money is gone. “We don’t retain records for more than seven years and the customers have not been able to provide any documentation that proves their claims.” So if you leave your money in a Chase bank for more than seven years, it ceases to exist apparently.

The Russo’s ordeal reveals another troubling aspect of the banking industry that most people aren’t aware of. Money that is left untouched for more than five years can be confiscated by the government. However, the bank is supposed to send you a letter before this happens, which the Russo’s never received. The government has no record of receiving their money either. It literally disappeared.

It’s often been said that when you put your money in the bank, it no longer belongs to you. Now it can be said that when you put your money in the bank, it no longer exists.

Read More At: ActivistPost.com
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Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.

Please Don’t Pop My Bubble!

Source: OfTwoMinds.com
Charles Hugh Smith
June 24, 2016

So ride your bubble of choice up–stocks, bonds, housing, bat guano, take your pick–but it’s best to keep your thumb on the sell button.

One person’s bubble is another person’s “fair market value.” What is clearly an outrageously overvalued asset perched at nosebleed levels of central-bank fueled speculative euphoria is to the owner an asset at “fair market value.”

But beneath the euphoric confidence that valuations can only drift higher forever and ever is the latent fear that something could stick a pin in “my bubble”— that is, whatever bubblicious asset we happen to own and treasure as a source of our financial wealth could be popped, destroying not just our financial bubble but our psychological bubble of faith in permanent manias.

Consider housing prices, which are clearly in an echo-bubble of the Great Housing Bubble of 2000-2007. (Chart courtesy of Market Daily Briefing.)

The psychological underpinning of all bubbles and echo bubbles is on display here. In the first bubble, those benefiting from the stupendous price increases are not just euphoric at the surge in unearned wealth–they believe the hype with all their hearts and minds that the bubble is not a bubble at all, it’s all just “fair market value” at work.

In other words, the massive increase in unearned personal wealth is not just temporary good fortune–it is permanent, rational and deserved.

Alas, all bubbles, no matter how euphoric or long-lasting, eventually pop. All the certainties that seemed so obviously true and timeless to the believers melt into air, and their touching faith that the bubble valuations were permanent, rational and deserved dissipates in a wrenchingly painful reconciliation with reality.

The agonized cries of those watching their bubble-wealth vanish do not fall on deaf ears. The same central bankers that inflated the bubble with super-low interest rates suddenly see their much-loved wealth effect (i.e. the bubble-generated psychological sense of wealth that emboldens people to borrow and spend money they shouldn’t borrow and spend) imploding before their eyes.

Continue Reading At: Continue Reading At: OfTwoMinds.com

Texas Begins Construction On Its State Gold Depository

TEXAS BEGINS CONSTRUCTION ON ITS STATE GOLD DEPOSITORY
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
May 25, 2016

You’ll recall last year I blogged about the fact that the state of Texas had passed a law creating its own gold depository. We, lest you think it was all talk and no action, Ms. M.W. found this article at our friends at Zero Hedge, indicating that it was not just talk:

Texas Begins Construction of Gold Depository

There’s something in this article that caught my attention, and no doubt it did the reader’s as well:

Laying the Ground Work for Electronic Gold-Based “Money”

For one, many state politicians hope that the State of Texas will be able to relocate its own gold holdings into Texas from New York where it currently sits. The state spends a million dollars per year on its storage.

Moreover, existence of the depository opens up the possibilities for users creating a new type of currency in which purchases are made electronically with the backing of the gold in the depository. In other words, one could potentially use the depository’s infrastructure to make purchases using gold, and to have gold either directly deposited into another’s account, or converted to US dollars and deposited in a conventional bank. Arguably, this is just an electronic version of gold-backed money.

In other words, in this speculative reading of the event, Texas is getting in on the ground floor of the current meme of “crypto-currencies”. Now, I personally suspect that the push behind crypto-currencies has been a centrasl bank-driven meme, after all, none other than the Bank of England has been in on it, creating their own versions. In other words, the move may not be such a good thing, since the goal here seems to be the removal of physical media of exchange as a part of the move to drive a “cashless society” meme, yet another theme near and dear to the banksters’ black hearts. How better to “reassure” a skeptical public than to have a staunch “conservative” state like Texas involved with the scheme.

Continue Reading At: GizaDeathStar.com

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Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

New York Times Editorial Board Endorses Economic Fascism – Supports Banning the $100 Bill

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Source: LibertyBlitzkrieg.com
Michael Krieger
February 22, 2016

I cannot overstate the significance of today’s New York Times editorial board endorsement of the elitist scheme to ban large denomination cash from public circulation. This is the latest example of the editorial board putting the interests of the establishment ahead of the citizenry, while at the same time employing a nonsensical argument to support its position which channels emotion rather than logic.

This public support for a de facto cash ban by the New York Times must not be viewed in a vacuum. It should be read in conjunction with its recent absurd endorsement of Hillary Clinton in the Democratic primary. I highlighted that previously published piece of fiction in the post, A Detailed Look at The New York Times’ Embarrassing, Deceitful and Illogical Endorsement of Hillary Clinton. Here are a few excerpts:

Continue Reading at: LibertyBlitzkrieg.com