The World’s Land Owners are at War!

By JC Collins

The Crowns of the Beast and Our Spiritual Evolution

Sometimes I feel hopeless. The weight of our situation is so overwhelming that emotions overtake me and I suffer fleeting moments of despair. This is always brought on by the realization that we truly are born into a world of slavery. The beast system is all encompassing and has infiltrated all aspects of material and spiritual existence.

But there is hope, and when I remember this I spring back to life and feel empowered under the force of my own right-minded action and integrity.

In researching the history of the international monetary system and the rise and fall of empires, some interesting patterns begin to emerge. The full scope of human undertakings must be considered when compiling a true record of human history. All things are connected on multiple levels, and nothing stands in isolation to the total sum.

The series SDR and the New Bretton Woods which launched Philosophy of Metrics (POM) represented the first step towards full awareness about the machinations of world powers. Over the last four years we have covered a lot of ground and most of the predictions made have been accurate. Promoting understanding of the truth is not popular as the large majority of the disorganized masses have a natural aversion to the truth, and instead desire the false comfort of rumour and fantastical narratives which distract from the cruel reality around them. POM has continued researching and promoting full awareness about world powers and the incremental growth of readers around the world would suggest the hard work is achieving the outlined objectives.

This article is meant to bring together some of the different topics which we have covered. The SDR and monetary information is woven through it all. The first instalment of what was meant to be an extended Antichirst series will be consolidated into this piece alongside the ongoing research about the double-headed eagle symbolism and World Adversarial Force. The esoteric themes represent the framework which holds it all together.

Perhaps we should categorize it all under the label “Law of Adversity”, for that is truly what we are learning about. The origins of modern law can be traced back to the Phoenician Empire. Versions of law were implemented from the very beginning of human history, but the Phoenician Empire organized and structured advanced systems of law which have evolved to become the complex legal frameworks which control the majority of the modern world.

Let’s take a quick look at some basics. Here in Canada all land is owned by the Crown. Now most Canadians think that the Crown is the Queen of England, but this is not the case. The British Royal Family serves a purpose and maintains their importance through serving the Crown in whatever capacity is required, as do other families and institutions.

Canadians (as well as Americans and citizens of most nations) are born and go about the business of getting an education and entering the workforce. The time and labor which is accumulated by each Canadian is likely to end up being paid to a bank for a mortgage on a property of some sort. This property can never be legally owned by the person who’s name is on the mortgage documents alongside the name of the banking institution. Even if the mortgage is completely paid in full, the person will still have to request that the banks named be removed from the land title.

But what no one ever really questions is the legal ownership status of the land as detailed on the title document. Here in Canada the terms Freehold Lease or Land Tenure are used. These legal terms mean that the person who spent half of their life, or more, paying a mortgage is now only leasing the land for free, and allowed tenure on the land which is in fact legally owned by the Crown. This legal land owning practice goes back to the Phoenicians and their implementation of systems of law to manage cultural and socioeconomic mandates for the purpose of controlling mass populations.

Legal names on government documents require all capitals. As an example, my legal corporate name is JARED COLLINS, and is required to be documented as such on all legal documents which serve as a contract between corporations. Contract law and corporate law are the frameworks which govern the world, and most people never stop to consider why they are instructed to use all CAPITALS when completing legal documents. The LEGAL you is a fabrication and serves to further enslave use under a system of perpetual taxation and wealth transference.

The purpose of this system is not about consolidating more wealth. It is about preventing the growth and consolidation of wealth outside of the system. This would be wealth which could be used to threaten the existence of the system from the outside. At times certain nations and small empires have been allowed to exist as long as they incorporated parts of the Beast system into their own internal frameworks.

Russia is a nation which has integrated aspects of the Beast system, but has not fully succumbed to the full force of the system itself. The Russian landmass accounts for 4.2 billion acres, which is 11% of the Earths total habitable land mass of 36.8 billion acres. This accounts for a huge Russian presence on the Eurasian continent.

Those who have been following the double-headed eagle articles will know that Russia is the one nation which has never been successfully conquered and enslaved by this outside system of legal influence. Throughout history empires such as Napoleons, as well as the Ottoman Empire, were used along with the German people in two world wars, to achieve the objective of invading and subjugating the Russian land mass. All failed, and the ongoing strategic moves by NATO and America, which constitute the Anglo-American establishment arm of the Crown, represent the continuation of this goal.

It is interesting that urban legend and some old prophecies tell us that both Napoleon and Hitler were previous antichrists as mentioned in the Book of Revelations. Both Napoleon and Hitler were used by powerful forces to attempt the invasion and subjugation of Russia. This comparison and pattern will be important as we move further into this material.

The Phoenicians also structured the governance of their empire around the concept of city states. In the modern world there are three city states which exist. They are the City of London, the Vatican, and Washington DC. I suspect that both Jerusalem and Hong Kong are being positioned for city state status also.

Located in the City of London, outside of banking and financial institutions, is the Crown Temple. The Crown Temple manages the systems of international law and is another corporation which is controlled by the Vatican.

The Vatican City itself, is the trustee of the Catholic Church, and is one of the most powerful and wealthiest organizations in the world. There is ample evidence and thought provoking cases made which support the thesis that the Catholic Church is the Beast and Antichrist from Revelations. Some of the evidence matches with our literal interpretations of the Bible and the Book of Revelations, such as:

  1. It exists as both a church and a city. The Vatican is both a church and a city state.
  2. It is seated upon seven mountains. The seven hills of Rome which the Vatican touches are Aventine, Caelian, Capitoline, Esquiline, Palatine, Quirinal, and Viminal.
  3. It is arrayed with purple and scarlet, as well as gold and precious stones. The church is pretty flashy with all the purple and red cloaks, and idols adorned with gold and gems. Not to mention that purple was one of the important colours of the Phoenician priest class.
  4. Asserts power over all the inhabitants of Earth. There is no doubt that the Catholic Church has immense power around the world.
  5. It arose within a densely populated region with cultural diversity. Europe could be accurately described this way.
  6. Eradicated other kingdoms and empires with its rise to power. The Catholic Church did wage war against existing empires in the region of Europe and the Mediterranean, including the Anglo-Saxons, the Vandals, the Visigoths, Heruli, Astrogoths, and Franks, plus others, but there is much more to this, as we will discover. It is interesting to note that there are no bloodlines which exist today which can be traced back to some of these kingdoms (Vandals, Visigoths and Heruli), as if “they were ripped out by the root”.
  7. The Beast makes war with the saints. The war and violence the Church has committed against the true Christians, such as the Cathars, and centuries later the Protestants, can not be denied. The Inquisition is a stain upon human history, and is estimated the Beast had killed over 100 million of the those who sought spiritual freedom and evolution.
  8. A single man acts and speaks for the whole. The Pope fills this role, and is the only spokesman for the entire Roman Catholic Church.
  9. The “sovereign” of this kingdom exalts himself above God. The Pope is called the Father and does in fact exalt himself above God. As a side note on this point, The Sovereign is also another name for the Crown. Pope Leo XIII wrote “We hold upon this Earth the place of God Almighty.”
  10. The name and number of the Beast is the name and number of a man, and this number is 666. The Pope’s “Crown” holds the inscription “Vicarius Filii Dei”. Translated from Latin this means “Vicar of the Son of God”. Vicar means “substitute”. So the Pope is the substitute for the Son of God upon the Earth. The numerical value of this Latin name is 666.
  11. The Antichrist speaks pompous words and blasphemies. The claims of the Pope to be God on Earth serves as the ultimate blasphemy. The Church also claims to be able to forgive sins. That doesn’t sound right to me.
  12. Changed the time and the law of God. The Catholic Church has modified the ten commandments, such as removing the 2nd commandment about idol worship, and along with changing the Sabbath from Saturday to Sunday, in fact reset the calendar to year zero 2017 years ago as a part of its efforts to hijack, halt and take control of the spiritual revolution which was taking place at the time. In addition, the Church created and implemented the Gregorian Calendar in the year 1582. It actually removed 10 days from existence. The Protestants resisted the new calendar and Ukraine and Russia never did use it.

Readers will note from other posts that the Protestant Reformation was started by the Knights Templar centuries before, who the Catholic Church arrested and murdered. The Templars used the double-headed eagle as its emblem, as did the Eastern Holy Roman Empire (not the Vatican) who supported and protected the Protestant Reformers. Russia and Ukraine have also use the double-headed eagle and supported the Eastern Holy Roman Empire.

It is clear from the above information that the Catholic Church is the best fit for the Beast and Antichrist. But there is so much more which needs to be considered. There is still the Dragon which gave the Beast its powers.

When it comes to owning land, the Church owns about 177 million acres. This amounts to around 0.5% of the total habitable land on Earth. It has other wealth, such as banks and other financial assets, along with gold and untold historical documents, but its not enough to suggest it alone has dominion over the whole Earth.

The Crown is referenced as owning 6.6 billion acres, which is 18% of the Earth. But the Crown in this regard is only referring to the land accumulated and owned by the British Empire. It doesn’t include the landmass of the United States, China, India, and Africa, all of which good cases can be made for ownership by the Crown. The fact that America, and each of the other regions use the system of international law which is managed by the Crown Temple in the City of London, would strongly suggest that the Crown, or Sovereign, would own those lands as well.

This would put Crown land ownership well over 50% of the Earth’s total habitable land mass.

We will explore that more in future articles.

Consider, the Beast that rises from the sea in Revelations represents the habitable land mass of the Earth. Empires and human weakness attempt to conquer and control this land. Is it possible that Russia is the only land mass which has not yet been conquered and subjugated by the Crown (Dragon), and as such, is the only nation (with perhaps Iran/Persia) which is preventing the full Beast/Antichrist system from being complete?

Russia makes up a huge part of the Eurasian continent. Eurasia has 80% of the worlds resources and contributes 80% to the global GDP. It also houses 85% of the worlds population. It can never be fully controlled as long as Russia is not completely subjugated. Russia has been, and continues to be, the great prize.

The Crown is not the British Empire. The British Royal Family are used by the Crown, much like other nations and people are used. It is my conclusion that the Crown is the reconstituted Phoenician Empire and its system of laws and city state governance structure. The Crown owns the vast majority of the world’s surface land and the people who dwell upon that land. All must be a part of the Beast system in order to participate in commerce and the purchase of goods.

Sounds familiar, right?

There is also building evidence that the Catholic Church was used to create the religion of Islam. It is probable that Islam was the tool used by the Crown (Phoenicians) to control the whole of the Middle East and its Arab peoples. Even the Seafaring People, who the Phoenicians used to invade and wage war against its enemies, evolved into the Jewish people of the modern world. The Hebrews, who absorbed much of the Babylonian religion, wandered without a homeland and were incorporated into the Phoenician forces as the mysteries Seafaring People of the Mediterranean.

Both the United Nations and the Catholic Church have called for there to be a new international monetary system, and the call for a world government is getting louder. The Pope is even working towards merging all religions into one and is openly promoting the tenets of Islam and worldwide liberalism and multiculturalism.

The Protestant Reformation was an attempt by the forces of right-mindedness to counter the Crown and its growing institutions in the world. The Crown went to work on a counter-reformation and began a centuries long campaign against Russia and those who supported right-minded action based on integrity and honour. This war continues today, and until the Russian land mass is successfully conquered there will always be a beachhead from which the battles can be fought.

All of the religions of the world suppress spiritual evolution. The Eastern religions still maintain some semblance of spiritual purpose, but the importing of these religions into the Western world is slowly corrupting them.

The ancient mystery schools also maintained the purpose and process of spiritual evolution, but these were corrupted a long time ago and little from within the esoteric and hermetic schools of the modern world should be trusted. The Crown has attempted to destroy the process of spiritual evolution in the material world. It wages war upon those who carry the double-headed eagle emblem, as the double-headed eagle represents the coming together of the material and spiritual bodies. Two become one.

It is interesting that it was the workers and craftsmen from Phoenician King Hiram of Tyre who assisted the Hebrews with the building of Solomons Temple in Jerusalem. Thousands of years later it was the Knights Templar (double-headed eagle) who excavated under the old temple and discovered something which forced the Catholic Church to turn on them.

Perhaps they discovered truth.

The divisions in this world begin within each one of us. It is the light and darkness which battle for control of our lives. We project this battle out into the material world. The adversity this battle creates encourages learning. We only learn through adversity. This is why no matter what the Dragon or Beast does, it will lose. The more of the world it controls, the more the people of the world are stricken with hardship and adversity. The more adversity, the more we learn how to spiritually evolve.

The World Adversarial Force is the Dragon. The Beast and Antichrist are its systems of governance and controls which manage and engineer the cultural and socioeconomics of the world. The Dragon exists within each one of us. It is the reptilian part of our evolution, just like we are part mineral, plant, and animal. We are also part reptile.

The Crown is the manifestation of the World Adversarial Force from within each one us. Those of us who have fallen victim to the narrative of one group or another controlling the whole of the world have been tricked to leave the trail of enlightenment and spiritual evolution.

Think on human weakness and the sin of greed. We want more of the material things and less of the spiritual. We need a balance of these two things in order for both matter and spirit to evolve together, and the Christ to return within each one us.

Monetary systems and the control of wealth is the greatest weapon used against us. It is why so many of us obsess on gold and currency.

Consider everything I have written here. The Pope wears the same headdress as the Phoenician priests. The Phoenician Empire is rising from the ashes of the mortal head would it suffered thousands of years ago. Its systems of law and governance cover the face of the Earth.

Now consider the cover from the Economist Magazine decades ago where it showed a Phoenix bird standing on a pile of burning dollars. Get ready for a world currency it said. The Phoenician Empire is coming back. But fear not. It has been destroyed on previous occasions and can be again. The Tower of Babel and the blasphemy of Nimrod against God ensured that the people were scattered across the face of the Earth and given different languages so they could never come together and scheme against God again.

But damn, didn’t we find a way.

A one world government and religion, along with a universal language app I’m sure, will not succeed either. Each of us are meant to walk the grail path and learn the Christ process of material and spiritual evolution. We are not a corporation. We are spiritual and material beings. Imbalances will not be allowed to continue towards one inevitable end. Both light and dark must exist in balance with one another.

The Three Laws of Robotics by Issac Asimov

The Three Laws of Robotics (often shortened to The Three Laws or known as Asimov’s Laws) are a set of rules devised by the science fiction author Isaac Asimov. The rules were introduced in his 1942 short story “Runaround“, although they had been foreshadowed in a few earlier stories. The Three Laws, quoted as being from the “Handbook of Robotics, 56th Edition, 2058 A.D.”, are:

  1. A robot may not injure a human being or, through inaction, allow a human being to come to harm.
  2. A robot must obey the orders given it by human beings except where such orders would conflict with the First Law.
  3. A robot must protect its own existence as long as such protection does not conflict with the First or Second Laws.[1]

These form an organizing principle and unifying theme for Asimov’s robotic-based fiction, appearing in his Robot series, the stories linked to it, and his Lucky Starr series of young-adult fiction. The Laws are incorporated into almost all of the positronic robots appearing in his fiction, and cannot be bypassed, being intended as a safety feature. Many of Asimov’s robot-focused stories involve robots behaving in unusual and counter-intuitive ways as an unintended consequence of how the robot applies the Three Laws to the situation in which it finds itself. Other authors working in Asimov’s fictional universe have adopted them and references, often parodic, appear throughout science fiction as well as in other genres.

The original laws have been altered and elaborated on by Asimov and other authors. Asimov himself made slight modifications to the first three in various books and short stories to further develop how robots would interact with humans and each other. In later fiction where robots had taken responsibility for government of whole planets and human civilizations, Asimov also added a fourth, or zeroth law, to precede the others:

  1. A robot may not harm humanity, or, by inaction, allow humanity to come to harm.

The Three Laws, and the zeroth, have pervaded science fiction and are referred to in many books, films, and other media.

Our President, Game Tactics and the Male Starved Culture

The liberal left has a big problem.

Outside of eating itself over its own absurd policies of pop culture socialism and personal unaccountability, it is faced with the one thing it cannot beat. The leftist ideology has spent decades pounding on the evil male patriarchy and its perceived forms of governmental and cultural influence. But for all its efforts and scheming the male power dynamic is alive and stronger than ever.

You see, the male demographic has remained quiet for a long time. The strength which exists within the male spirit allowed it to hibernate while the world went insane. All the brute force in material existence cannot come close to matching the power of a well-timed and well-placed strategy. That is exactly what is taking place in the world now.

The cultures which developed since the beginning of human thought and organization all developed around the strong male power dynamic. This power dynamic has always been harnessed and focused by the passive female dynamic. Together both built vast civilizations and empires which spanned across the face of the earth and through the gates of time.

The male was the aggressive front force fighting the elements, nature, and other men. The female was the passive supported and tempered heart which gave men a purpose that was worth defending. This dynamic of life and existence begins to erode the moment either are removed or retarded.

A strong and vibrant relationship between the male dynamic and female dynamic makes a large powerful government redundant. The family unit and social structure which develops as a result of this relationship has carried humanity through tens of thousands of years, if not millions.

There was no need for a government or laws to force men to defend their families. Equally so, there was no need for a government or laws when men defended and cared for their families. The eventual corruption of the human heart across the male and female power dynamic ensured that both became dysfunctional and reliant upon the same governance and control mechanism which began to erode the relationship in the first place.

The characteristics of a strong male, and in turn a strong male cultural dynamic, are aligned with inner and outer strength, wisdom, patience, perseverance, leadership, empathy, and accountability for oneself and others. These are all virtues and characteristics of a balanced and healthy culture. All of which are missing in our modern world.

The vacuum this deficit created has sucked in countless lives of both males and females. It has destroyed families and caused the deaths of hundreds of millions over the last few centuries alone.

A culture without a strong male power dynamic is like a rudderless ship lost at sea. The captain tells everyone onboard not to worry and trust him and the crew to take care of everything. But as times goes on it begins to become obvious that neither the captain nor the crew know what they are doing. The passengers start to become restless and wary of each other and the environment. Fights break out and some hoarding of food and other supplies have to be managed and controlled by the captain and crew. Eventually the captain and crew decide its in their own best interests not to share at all.

You see were I’m going with this. The rise of large governments and outright socialism are a response to the erosion of a strong male leadership dynamic in society. The glue which holds everything together is the relationship between the male and female dynamic. When one or both are corrupted and missing, the state steps in to take a firmer grip on the reins of power.

Generation after generation of males and females have been inflicted with the worlds greatest propaganda campaign. Everything from drugs and alcohol, pornography, radical feminism, taxation, and the promotion of selfishness have been used to erode and corrupt the timeless power dynamic.

But that is the point. It is timeless. One or two centuries of socioeconomic and cultural engineering will not remove millions of years of instinctual human development. The dynamics will lay dormant and wait for the right time to act. This all takes place on a subconscious level where everyday thought and reasoning cannot penetrate.

Some early indicators of what we are talking about can be found in the studies which are beginning to emerge stating that Generation Z will be the most conservative generation in the last hundred years. How is it possible that the most indoctrinated generation are able to see through the corruption and hatred of the lefts identity politics and its creeping socialism?

Though both the male and the female power dynamics have been eroded, each have been used in different ways with different results. Males have been subjected and demoralized as bad and negative, while females have been promoted and empowered to view males as less than.

This disparity has had a dramatic effect on the culture which has developed. It has pushed the male and female powers further and further apart. Males no longer see a reason to take on the traditional and natural role which developed over millions of years. Women are no longer able to provide males with a purpose worth defending. Neither want it that way but have been unable to reconcile the differences and origins of those differences.

The game tactics used by the modern male to pickup psychologically distressed females is the template by which we can begin to understand what is happening today across the cultural and political spectrums. These tactics use the females natural instincts against them. When we recognize that the liberal culture which has developed is the macro version of the micro corrupted female power dynamic, we begin to see the purpose of our President and his strategy. This strategy is becoming extremely effective against the left power structure that is arrayed against him.

As an example, one of the favorite techniques used by the modern male to bypass the females learned defenses is to agree and amplify. Imagine a female points out some sort of flaw in the male. Whether its true or not, the male wouldn’t start to defend, but would simply shrug and agree while doubling down and doing the exact thing the female pointed out. This shows confidence and indifference to seeking acceptance from the female. The male is the power dynamic and alpha who decides the course of events. The female desires this simulated game-strength and aligns accordingly.

We see our President doing exactly this with the liberal-left establishment and its media representatives. The corrupted female power dynamic has been promoted to such an extent in our culture that it now represents the actual framework of the governance structure. The corrupted male power dynamic found a way to take advantage of the new relationship environment which is exactly what our President is now doing on a larger platform.

The latest Tweet from our President with him taking down CNN in a wrestling move, or the comments made about the MSNBC reporters, are designed as agree and amplify chess moves. The more they tell him he is unstable and not fit for the office of President the more he will double down and pound them hard with his Tweets and radical statements. These are meant to knock them off balance and ensure they continue the same sort of attacks which are only serving to further erode their own cultural and political base.

Just like our male starved culture has produced females who are desperately seeking strong male relationships, our political environment and macro culture have been starved of the strong male power dynamic which our President is simulating. The female who erodes her own power dynamic by jumping in and out of the beds of males who are simulating manhood is inflicting a sort of psychological rape on herself. The liberal-left is achieving the same thing by maintaining the corrupt dynamic it has with our President.

With each Tweet and personal attack the liberal-left is further eroding and fragmenting. But it can’t help itself. It is operating within the only dynamic it knows, which is the one it created to further its own ends. This end is inevitable now that the new dynamic has been released and is no longer hibernating.

Males have been attacked for so long that the patience, perseverance, and tolerance they have shown is a testament to the actual strength of the male power dynamic. The fact that so many females are now beginning to awaken to the realization of what has been taking place and are demanding that men start acting like men again is also a testament to the strength and purpose which females provide to the overall dynamic.

Together both will realign the natural order of things and bring sanity back to the world. The simulation which our President is representing will eventually be replaced by the real thing. Leadership is both a male and female quality. Though both are presented much differently. When male or female leadership has to be gained by stepping on the back of the other, we should give pause and reflect on what is actually happening. Through the proper application of the healthy male and female power dynamic, either can be in positions of leadership, fulfilling the manifested purpose of their respective destinies.

Glass-Steagall Emergency Banking Act needed for 2017

Banking Act of 1933 (Glass-Steagall)

June 16, 1933

The Glass-Steagall Act effectively separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation, among other things. It was one of the most widely debated legislative initiatives before being signed into law by President Franklin D. Roosevelt in June 1933.

President Roosevelt signs the Glass-Steagall Act alongside the bill"s co-sponsors, Senator Carter Glass and Representative Henry Steagall, and others.

Roosevelt Signing the Glass-Steagall Act (Photo: Bettmann/Bettmann/Getty Images)


by Julia MauesOffsite link, Federal Reserve Bank of St. Louis

The emergency legislation that was passed within days of President Franklin Roosevelt taking office in March 1933 was just the start of the process to restore confidence in the banking system. Congress saw the need for substantial reform of the banking system, which eventually came in the Banking Act of 1933, or the Glass-Steagall Act. The bill was designed “to provide for the safer and more effective use of the assets of banks, to regulate interbank control, to prevent the undue diversion of funds into speculative operations, and for other purposes.” The measure was sponsored by Sen. Carter Glass (D-VA) and Rep. Henry Steagall (D-AL). Glass, a former Treasury secretary, was the primary force behind the act. Steagall, then chairman of the House Banking and Currency Committee, agreed to support the act with Glass after an amendment was added to permit bank deposit insurance.1 On June 16, 1933, President Roosevelt signed the bill into law. Glass originally introduced his banking reform bill in January 1932. It received extensive critiques and comments from bankers, economists, and the Federal Reserve Board. It passed the Senate in February 1932, but the House adjourned before coming to a decision. It was one of the most widely discussed and debated legislative initiatives in 1932.

Some background: In the wake of the 1929 stock market crash and the subsequent Great Depression, Congress was concerned that commercial banking operations and the payments system were incurring losses from volatile equity markets. An important motivation for the act was the desire to restrict the use of bank credit for speculation and to direct bank credit into what Glass and others thought to be more productive uses, such as industry, commerce, and agriculture.

In response to these concerns, the main provisions of the Banking Act of 1933 effectively separated commercial banking from investment banking. Senator Glass was the driving force behind this provision. Basically, commercial banks, which took in deposits and made loans, were no longer allowed to underwrite or deal in securities, while investment banks, which underwrote and dealt in securities, were no longer allowed to have close connections to commercial banks, such as overlapping directorships or common ownership. Following the passage of the act, institutions were given a year to decide whether they would specialize in commercial or investment banking. Only 10 percent of commercial banks’ total income could stem from securities; however, an exception allowed commercial banks to underwrite government-issued bonds. The separation of commercial and investment banking was not controversial in 1933. There was a broad belief that separation would lead to a healthier financial system. It became more controversial over the years and in 1999 the Gramm-Leach-Bliley Act repealed the provisions of the Banking Act of 1933 that restricted affiliations between banks and securities firms.

The act also gave tighter regulation of national banks to the Federal Reserve System, requiring holding companies and other affiliates of state member banks to make three reports annually to their Federal Reserve Bank and to the Federal Reserve Board. Furthermore, bank holding companies that owned a majority of shares of any Federal Reserve member bank had to register with the Fed and obtain its permit to vote their shares in the selection of directors of any such member-bank subsidiary.

Another important provision of the act created the Federal Deposit Insurance CorporationOffsite link (FDIC), which insures bank deposits with a pool of money collected from banks. This provision was the most controversial at the time and drew veto threats from President Roosevelt. It was included at the insistence of Steagall, who had the interests of small rural banks in mind. Small rural banks and their representatives were the main proponents of deposit insurance. Opposition came from large banks that believed they would end up subsidizing small banks. Past attempts by states to instate deposit insurance had been unsuccessful because of moral hazard and also because local banks were not diversified. After the bank holiday, the public showed vast support for insurance, partly in the hope of recovering some of the losses and partly because many blamed Wall Street and big bankers for the Depression. Although Glass had opposed deposit insurance for years, he changed his mind and urged Roosevelt to accept it. A temporary fund became effective in January 1934, insuring deposits up to $2,500. The fund became permanent in July 1934 and the limit was raised to $5,000. This limit was raised numerous times over the years until reaching the current $250,000. All Federal Reserve member banks on or before July 1, 1934, were required to become stockholders of the FDIC by such date. No state bank was eligible for membership in the Federal Reserve System until it became a stockholder of the FDIC, and thereby became an insured institution, with required membership by national banks and voluntary membership by state banks. Deposit insurance is still viewed as a great success, although the problem of moral hazard and adverse selection came up again during banking failures of the 1980s. In response, Congress passed legislation that strengthened capital requirements and required banks with less capital to close.

The act had a large impact on the Federal Reserve. Notable provisions included the creation of the Federal Open Market Committee (FOMC) under Section 8. However, the 1933 FOMC did not include voting rights for the Federal Reserve Board, which was revised by the Banking Act of 1935 and amended again in 1942 to closely resemble the modern FOMC.

Prior to the passage of the act, there were no restrictions on the right of a bank officer of a member bank to borrow from that bank. Excessive loans to bank officers and directors became a concern to bank regulators. In response, the act prohibited Federal Reserve member bank loans to their executive officers and required the repayment of outstanding loans.

In addition, the act introduced what later became known as Regulation Q, which mandated that interest could not be paid on checking accounts and gave the Federal Reserve authority to establish ceilings on the interest that could be paid on other kinds of deposits. The view was that payment of interest on deposits led to “excessive” competition among banks, causing them to engage in unduly risky investment and lending policies so that they could earn enough income to pay the interest. The prohibition of interest-bearing demand accounts has been effectively repealed by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Beginning July 21, 2011, financial institutions became allowed, but not required, to offer interest-bearing demand accounts.


Endnotes
  • 1Glass and Steagall also cosponsored the Banking Act of 1932, which was also commonly referred to as the Glass-Steagall Act prior to the passage of the Banking Act of 1933.
Bibliography

Federal Reserve Bank of St. Louis. “Banking Act of 1933.” June 16, 1933, https://fraser.stlouisfed.org/scribd/?item_id=15952&filepath=/docs/historical/ny%20circulars/1933_01248.pdfOffsite link.

Friedman, Milton and Anna J. Schwartz. A Monetary History of the United States 1867-1960. Princeton: Princeton University Press, 1963.

Meltzer, Allan. A History of the Federal Reserve Volume 1: 1913-1951. Chicago: University of Chicago Press, 2003.

Preston, Howard H. “The Banking Act of 1933.” The American Economic Review 23, no. 4 (December 1933): 585-607.

Shughart II, William. “A Public Choice Perspective of the Banking Act of 1933.” Cato Journal 7, no. 3 (Winter 1988).

Silber, William. “Why Did FDR’s Bank Holiday Succeed?” Federal Reserve Bank of New York Economic Policy Review, July 2009.

Wells, Donald. The Federal Reserve System: A History. Jefferson, NC: McFarland & Company, 2004.

White, Lawrence J. “The Gramm-Leach-Bliley Act of 1999: A Bridge Too Far? Or Not Far Enough?” Suffolk University Law Review 43, no. 4 (August 2010).


Emergency Banking Act of 1933

March 9, 1933

Signed by President Franklin D. Roosevelt on March 9, 1933, the legislation was aimed at restoring public confidence in the nation’s financial system after a weeklong bank holiday.

President Franklin Roosevelt signing the Emergency Banking Act

Roosevelt Signing the Emergency Banking Act (Photo: Bettmann/Bettmann/Getty Images)


by Stephen GreeneOffsite link, Federal Reserve Bank of St. Louis

“The emergency banking legislation passed by the Congress today is a most constructive step toward the solution of the financial and banking difficulties which have confronted the country. The extraordinary rapidity with which this legislation was enacted by the Congress heartens and encourages the country.”
– Secretary of the Treasury William Woodin, March 9, 1933

“I can assure you that it is safer to keep your money in a reopened bank than under the mattress.”
– President Franklin Roosevelt in his first Fireside Chat, March 12, 1933

Immediately after his inauguration in March 1933, President Franklin Roosevelt set out to rebuild confidence in the nation’s banking system. At the time, the Great Depression was crippling the US economy. Many people were withdrawing their money from banks and keeping it at home. In response, the new president called a special session of Congress the day after the inauguration and declared a four-day banking holiday that shut down the banking system, including the Federal Reserve. This action was followed a few days later by the passage of the Emergency Banking Act, which was intended to restore Americans’ confidence in banks when they reopened.

The legislation, which provided for the reopening of the banks as soon as examiners found them to be financially secure, was prepared by Treasury staff during Herbert Hoover’s administration and was introduced on March 9, 1933. It passed later that evening amid a chaotic scene on the floor of Congress. In fact, many in Congress did not even have an opportunity to read the legislation before a vote was called for.

Two photos; the image to the left shows New York’s deserted financial district during the bank holiday of March 1933, while the image to the right shows President Franklin Roosevelt giving a fireside chat to the American people.

NY Financial District and President Franklin Roosevelt Fireside Chat (Photo: Associated Press)

In his first Fireside Chat on March 12, 1933, Roosevelt explained the Emergency Banking Act as legislation that was “promptly and patriotically passed by the Congress … [that] gave authority to develop a program of rehabilitation of our banking facilities. … The new law allows the twelve Federal Reserve Banks to issue additional currency on good assets and thus the banks that reopen will be able to meet every legitimate call. The new currency is being sent out by the Bureau of Engraving and Printing to every part of the country.”

The Act, which also broadened the powers of the president during a banking crisis, was divided into five sections:

  • Title I expanded presidential authority during a banking crisis, including retroactive approval of the banking holiday and regulation of all banking functions, including “any transactions in foreign exchange, transfers of credit between or payments by banking institutions as defined by the President, and export, hoarding, melting, or earmarking of gold or silver coin.”
  • Title II gave the comptroller of the currency the power to restrict the operations of a bank with impaired assets and to appoint a conservator, who “shall take possession of the books, records, and assets of every description of such bank, and take such action as may be necessary to conserve the assets of such bank pending further disposition of its business.”
  • Title III allowed the secretary of the treasury to determine whether a bank needed additional funds to operate and “with the approval of the President request the Reconstruction Finance Corporation to subscribe to the preferred stock in such association, State bank or trust company, or to make loans secured by such stock as collateral.”
  • Title IV gave the Federal Reserve the flexibility to issue emergency currency—Federal Reserve Bank Notes—backed by any assets of a commercial bank.
  • Title V made the act effective.

In that Fireside Chat, Roosevelt announced that the next day, March 13, banks in the twelve Federal Reserve Bank cities would reopen. Then, on March 14, banks in cities with recognized clearing houses (about 250 cities) would reopen. On March 15, banks throughout the country that government examiners ensured were sound would reopen and resume business.

Roosevelt added one more boost of confidence: “Remember that no sound bank is a dollar worse off than it was when it closed its doors last week. Neither is any bank which may turn out not to be in a position for immediate opening.”

What would happen if bank customers again made a run on their deposits once the banks reopened? Policymakers knew it was critical for the Federal Reserve to back the reopened banks if runs were to occur. To ensure the Fed’s cooperation to lend freely to cash-strapped banks, Roosevelt promised to protect Reserve Banks against losses. In a telegram dated March 11, 1933, from Treasury Secretary William Woodin to New York Fed Governor George Harrison, Roosevelt said,

“It is inevitable that some losses may be made by the Federal Reserve banks in loans to their member banks. The country appreciates, however, that the 12 regional Federal Reserve Banks are operating entirely under Federal Law and the recent Emergency Bank Act greatly enlarges their powers to adapt their facilities to a national emergency. Therefore, there is definitely an obligation on the federal government to reimburse the 12 regional Federal Reserve Banks for losses which they may make on loans made under these emergency powers. I do not hesitate to assure you that I shall ask the Congress to indemnify any of the 12 Federal Reserve banks for such losses.”

Was the Emergency Banking Act a success? For the most part, it was. When banks reopened on March 13, it was common to see long lines of customers returning their stashed cash to their bank accounts. Currency held by the public had increased by $1.78 billion in the four weeks ending March 8. By the end of March, though, the public had redeposited about two-thirds of this cash.

Wall Street registered its approval, as well. On March 15, the first day of stock trading after the extended closure of Wall Street, the New York Stock Exchange recorded the largest one-day percentage price increase ever, with the Dow Jones Industrial Average gaining 8.26 points to close at 62.10; a gain of 15.34 percent.

Other legislation also helped make the financial landscape more solid, such as the Banking Act of 1932 and the Reconstruction Finance Corporation Act of 1932. The Emergency Banking Act of 1933 itself is regarded by many as helping to set the nation’s banking system right during the Great Depression.

The Emergency Banking Act also had a historic impact on the Federal Reserve. Title I greatly increased the president’s power to conduct monetary policy independent of the Federal Reserve System. Combined, Titles I and IV took the United States and Federal Reserve Notes off the gold standard, which created a new framework for monetary policy.1

Title III authorized the Reconstruction Finance Corporation (RFC) to provide capital to financial institutions. The capital injections by the RFC were similar to those under the TARP program in 2008, but they were not a model of the actions taken by the Fed in 2008-09. In neither episode did the Fed inject capital into banks; it only made loans.


Endnotes
  • 1The gold standard was partially restored by the Gold Reserve Act of 1934. The United States remained on the gold standard until 1971.
Bibliography

Federal Reserve Bank of St. Louis. “Documents and Statements Pertaining to the Banking Emergency, Presidential Proclamations, Federal Legislation, Executive Orders, Regulations, and Other Documents and Official Statements, Part 1, February 25 – March 31, 1833.” 1933, https://fraser.stlouisfed.org/scribd/?item_id=23564&filepath=/docs/historical/federal%20reserve%20history/bank_holiday/bank_emerg_pt1_19330225.pdfOffsite link.

History Matters, the U.S. Survey Course on the Web. “‘More Important Than Gold’: FDR’s First Fireside Chat.” Accessed September 30, 2013, http://historymatters.gmu.edu/d/5199/Offsite link.

Silber, William L. “Why Did FDR’s Bank Holiday Succeed?Offsite link” Federal Reserve Bank of New York Economic Policy Review, July 2009, 19-30.

Banks in the United States are becoming LESS SAFE, Again!

What I’m about to tell you isn’t some wild conspiracy. Or fake news. It’s raw fact, based on publicly available data from the US Federal Reserve.  This data shows a very simple but concerning trend:

Banks in the United States are becoming less safe. Again.

And they’re doing it on purpose. Again.

Few people ever give much thought to the safety and security of their bank.  After all, banks go out of their way to instill an overwhelming sense of confidence that they’re rock solid.

They spend tons of money on ornate lobbies in giant buildings. They buy the naming rights to football and baseball stadiums.  And hey, they’re insured by the government.

But it turns out that none of these elaborate distractions means anything when it comes to bank safety.

Safety is actually pretty easy to calculate.

Think about the business of banking– it’s simple. Banks take deposits, and then use that money to make loans and various investments.

For a bank, those deposits represent the amount of money they owe to their customers.

So obviously the total value of a bank’s loans and investments (i.e. its assets) should exceed its total deposits.

This is known as solvency. A solvent bank has SUBSTANTIALLY more assets than it owes in deposits.

That way, if a loan or investment goes bad, the bank will still be able to repay its depositors.

The other safety factor is liquidity, which basically means that, eventually the bank is going to have to give some of the money back.

Perhaps a depositor decides to initiate an electronic funds transfer to another bank… or makes a withdrawal at an ATM.

The bank should have sufficient cash on hand to be able to meet these needs.

Banks that lack proper liquidity can rapidly run into catastrophic problems, forcing them to fire sale assets in order to raise cash, which in turns could trigger a solvency crisis.

In both of these scenarios, solvency and liquidity, cash is king.

(Note that “cash” can mean both physical currency sitting in a vault, as well as a bank’s electronic deposits at Federal Reserve and other cash equivalents.)

For solvency, cash is about as risk-free as it gets.

Anything that a bank does with your money is going to carry some level of risk. Buying bonds. Car loans. Student loans. Business loans. Residential mortgages.

These all carry certain risk of default. Cash doesn’t.

So a bank with higher levels of cash will typically have much lower risk to its solvency.

Simultaneously, a bank with a strong cash position is also liquid, and hence more likely to be able to honor its customers’ transactional needs.

Bottom line, a safe, conservative bank maintains high levels of cash, especially relative to the total amount of deposits.

But that’s not happening in the Land of the Free.

How the Fractional Reserve Banking system and Federal Reserve work

The Federal Reserve’s most recent report on “Assets and Liabilities of Commercial Banks in the United States” published last Friday showed a continuing trend in the erosion of bank safety.

This is a weekly report, so there’s tons of data. And the trend goes back now at least 2.5 years.

Since late 2014, for example, Fed data show that total cash assets at US banks has been in steady decline, dropping roughly 25% over that period.

But at the same time, total deposits at the banks has actually increased around 15%.

So you can see the issue: cash is falling while deposits are increasing. This is the OPPOSITE of what a responsible bank should be doing.

A conservative bank seeks to INCREASE or at least MAINTAIN the level of cash it has on hand as a percentage of customer deposits.

Banks in the US have been doing the opposite– decreasing their cash holdings while deposits have been rising.

Proportionally, the aggregate cash-to-deposit ratio in the US has fallen by 32% since late 2014.

That’s a steep drop.

So what exactly have they been doing with that money, i.e. the money they should be holding in cash?

The truth is we’ll never know.

Banking is a giant black box. We are provided scant detail about what these people are actually doing with our money.

Sure, they’re making loans. But what loans? To whom? Are the borrowers creditworthy? Is there valuable, high-quality collateral? Does the interest rate make sense to compensate for the risk?

No one knows. Not even the banks themselves know.

When you have hundreds of billions (or even trillions) of dollars of assets on your books, it’s impossible to really know what you own.

So we’re basically all in the dark.

I’m not telling you this to suggest that there’s some major crisis looming or that you should yank all of your money out of the US banking system.

But it’s important to understand that banks are not as risk-free as they lead on.

This huge drop in the cash-to-deposit ratio is a conscious decision. It doesn’t happen by accident. Banks are choosing to hold less cash, i.e. be less safe.

(And the government which supposedly guarantees it all is itself insolvent to the tune of negative $60+ trillion. But that’s another story.)

Why take the chance? Why keep 100% of everything that you’ve ever earned locked up in a system that is actively making itself less safe…

… not to mention the industry’s uninterrupted history of fleecing its customers?

There are too many other alternatives out there.

You could consider transferring a portion of your savings overseas to a stronger, more conservative bank abroad.

Or you could become your own banker by holding some savings in physical cash in a safe at your home or a non-bank safety deposit box facility.

Cryptocurrency is an option (though you’ll have to stomach the extreme volatility for now).

Or even something as mundane as buying Amazon.com gift cards.

There are countless options to distance yourself from this system if you simply have the willingness to see the big picture.

President Trump: Dismantling the Post-World War II International Order

While watching CNN this morning an interesting segment focused on how Trump is dismantling the international order which has existed since the end of the last world war. Fareed Zakaria used America’s exit from the non-binding Paris Climate Agreement as the springboard for further discussion around how Trump is shifting the global position of the United States. For readers following my blog posts this concept is old news, as we have been discussing the transformation of the international governance framework since Dec 31, 2013.

Two years ago when Donald Trump announced his candidacy for the office of President, I posted the idea that his purpose was to sell the multilateral framework to the American people and realign Anglo-American economic and governance policies with those of the international banking interests.

The overabundance of air time which CNN gave Trump throughout the election, and in fact still do, is not an accident. Standing back and studying the whole forest we can begin to see that Trump has been casted in the role of bad cop for one demographic while serving as the good cop for another. This diametric is a powerful weapon which can control and manipulate both public opinion and public expectation.

The end of World War Two was the previous turning point for the international banking interests. It was when the Bretton Woods Monetary Conference designed the economic and banking system for the rest of the century. The creation of the International Monetary Fund and World Bank were directly related to this agreement, but also served as seeds for a future transformation.

Zakaria’s reference to the post-war dismantling has everything to do with the reserve role given to the US dollar under Bretton Woods. The dominance of the USD for eight decades has contributed to the evolution of economic and governance policies which served as an extension of the political, industrial and academic interests of the Anglo-American establishment.

These interests built wealth and organizations around the role of the USD which acted as self-serving vehicles and moved separate from the broader international banking interests. This was allowed to continue because it served a purpose and American hegemonic strength was kept in check through a large contingent of geopolitical and economic strategies.

This American world and its infrastructure became the dominant weapons used against nations and regions which did not evolve along the lines demanded by the international banking interests. NATO, the United Nations, Bilderberg, the IMF, World Bank, and a host of other think tanks and non-governmental organizations all represent this post war international order.

Now that the multilateral monetary and governance frameworks have been agreed upon by the rest of the world there is no need for the Anglo-American establishment to maintain total control and influence over the world. Those in business, politics and academia resisted the reforms and policy adjustments required to transform the international order into a true multilateral framework. Power and access to endless wealth is never willing relinquished.

This was expected and planned for, which brings us to Donald Trump and his well scripted platform which began in the 1980’s. Every one of Trump’s talking points are finely engineered to communicate a complex message in simple plain speak. The dismantling of the post war international order is now the mandate of the international banking interests and cannot be stopped.

There have been those within the American establishment who were likely caught by surprise with Trump and his agenda. But it is beginning to appear that there is a common message being communicated with variations over negotiations.

All the while the American people are being sold on something they never would have agreed with if it had been communicated directly. The threat of globalism and a New World Order were so hammered into us through an alternative media which sprung out of nowhere with the emergence of the internet. This is the same alternative media which is now supporting Trump and is beginning to grow with the populist wave of anti-globalism.

But these alternative media personalities are doing nothing to cover the actual transformation of the international order and the true purpose of the Trump agenda. The thesis presented here on POM has been proven accurate for so long now, and on so many points, that it is illogical that the large alternative media have not picked up on the themes.

When I saw the headline on CNN this morning I looked over at Marianne and said “there is another verification of everything I have been writing for four years”. But the message isn’t getting out. Both the mainstream media and alternative media do not discuss this intentional and planned dismantling of the international order which has built up on the back of the USD.

As far as I can tell the alternative media is complicit in the engineering and spread of the Trump narrative. The purpose of the alternative media has been to build up the cognitive dissonance and Hegelian Dialectic within the Western mind of the disorganized masses. It is my conclusion that many of these websites and personalities are manufactured and maintained through intelligence agencies and other covert groups which operate outside the confines of national interests. The scripting of the New World Order narrative and the threat to America are too aligned with the unfolding dismantling and transformation of the international framework to be a coincidence.

The POM thesis will continue to be the most accurate analysis available but will remain on the margins of alternative media for the simple fact that the site is owned and operated by just me. There is no involvement with agencies, think tanks, or other groups and organizations which support the narrative described above. It is just me reading, researching, and writing as a sideline to my career in mining. There are no advertisers on the site who I have to worry about offending. There is only the small army of POM subscribers and members who I am committed to providing accurate and thoughtful information.

Fellow Canadian writer and researcher Henry Makow recently posted an article on his site which discussed the role of the Canadian Securities Intelligence Service in the creation of the neo-Nazi Heritage Front. Operation Governor took place between 1988 and 1994 and instigated racists acts across the nation. These tactics evolved with the internet and provided such agencies with a whole new battlefield from where they could orchestrate cultural and socioeconomic engineering. To think that such agencies and organizations haven’t created the alternative media and its host of personalities would be a miscalculation.

Logic follows that the alternative media (who pumped the New World Order threat narrative for years) are supporting Trump, and Trump in turn represents the scripting of the international banking interests. The connection flows from one to the other with relative ease but is completely ignored by the large presence and influence of both the mainstream and alternative media. Both serve opposing sides to the dialectic engineering. Within the middle ground between both the dismantling continues.

Iraq with World Bank Group set strategy for country restoration

The thing is, the amount of people that get it, are not a concern for the CBI to a potential front running of the IQD. There is just not that many people that get it.

(Effectively that is what the article suggests is a viable option, by telling us 06/30/2017 or before Iraq will receive ESCROW funds back.)

The UN is telling the world that the IQD is or Iraq if you will, is going to be sanction free by and or before the end of June 2017. That simple. International!  So, if they are that confident and Ban Ki Moon tells the world on a late Friday after markets close, that the not only is game on, the game is about to end.  A good thing..

*****
The International Finance Corporation (IFC), a member of the World Bank Group, and its partners officially launched the first  independent institute of directors in Iraq to promote principles of good corporate governance, boost transparency, and help attract more private investment.

The Kurdistani Institute of Directors (KIoD) will be providing corporate governance services in Iraq and the Middle East and North Africa Region, to help strengthen the role of independent directors and boards, and raise awareness of best corporate governance practices. The Erbil Chamber of Commerce and Trade is supporting these efforts.

The initiative is another step in IFC’s strategy to spur private sector growth in Iraq by improving smaller businesses’ management skills, business performance and competitiveness. It is also part of IFC’s aim to scale up support for fragile and conflict-affected states, where private sector investment is key to create jobs and spur growth.

“Strong corporate governance standards are vital for economic success. By building the capacity of national institutes, we are helping companies improve competitiveness and create jobs,” said Mouayed Makhlouf, IFC’s regional director for the Middle East and North Africa. “We hope this project will also open the door to more private sector investment in Iraq, and enhance the potential for long-term development.”

Companies operating in conflict-affected environments face unique corporate governance challenges. For the last several years, IFC has been working to help promote stronger corporate governance and transparency in Iraq. With IFC support, the newly established institute KIoD has already conducted its first corporate governance event, providing training for 20 entrepreneurs in Erbil.
So far, IFC has provided corporate governance services to five companies in Iraq and conducted nine specialized events, reaching about 447 participants and helping to build the capacity of 16 Iraqi trainers to deliver training through a network of specialized providers. IFC is implementing the corporate governance program in Iraq in partnership with the governments of Japan and Spain.
Iraq Daily Journal

You make me laugh, Don (Shafer: trumpet player, friend)

This is a voice message response from Maverick to Don Shafer (trumpet player) who had just sent Maverick a text saying: “Sounds like you need to play some blues.  I think you committed to the gig.”

That struck such a “funny-bone” with me, that I couldn’t stop hysterical laughing:

And, of course, last Father’s Day my dear friend, Taz, came by the property here in San Diego to pay a visit, and he got me laughing, real hard:

 

Situational Awareness

Situational Awareness:  is the ability to identify, process, and comprehend the critical elements of information about what is happening with regards to the mission. More simply, it’s knowing what is going on around you.

https://en.wikipedia.org/wiki/Situation_awareness

WHEREVER GREAT WEALTH EXISTS OR WHERE THERE IS A PROMISE OF IT…THERE WILL ALWAYS BE THOSE MOTIVATED TO INJECT THEMSELVES WITHIN ITS PROCESS FOR THEIR OWN PERSONAL GAIN AND AGENDA WITHOUT REGARD FOR THOSE THAT FALL PREY TO THEIR DECEPTION.

THIS IS NO MORE TRUE ANYWHERE THAN WITHIN THE DINAR COMMUNITY. A COMMUNITY WHERE A MAJORITY OF PARTICIPANTS HAVE NEVER BEEN TESTED WITH THESE DECEPTIONS FROM EVIL GENIUSES AND SOCIOPATHS WITH THE PRIMARY GOAL TO ENRICH THEMSELVES WITHOUT REGARD TO THE HUMAN DESTRUCTION AND DASHED DREAMS LEFT IN THE WAKE.

THESE EVIL GENIUSES MAY BELIEVE THEY ARE ENTITLED…MAYBE EVEN DIVINELY PERMITTED…TO TAKE FROM THE MEEK AND UNSOPHISTICATED. THEY ARE SELF ENCOURAGED TO PREY ON THE WEAK TO FEED AN UNDERLYING NEED TO FULFILL AN ARTIFICIAL AND EXAGGERATED EGO AND SENSE OF SUPERIORITY AND ENRICH THEMSELVES VIA THOSE ACTIONS.

I AM SADDENED, BUT NOT SURPRISED, THAT THEY EXIST OR THAT THEY WILL CONTINUE TO EXIST. THEY ARE SO CONSUMED IN COUNTER-PRODUCTIVE AND SELF SERVING PURPOSES THAT THEY WILL CONTINUE TO PREY ON THOSE WITH LIMITED CAPACITY, UNDERSTANDING, NAIVETE’ AND THEIR REAL OR IMAGINED DESPERATION ATTEMPTING TO ROB THEM OF ANY PROMISE THEY MAY HAVE TO IMPROVE THEIR LOT AND THAT OF THEIR FAMILIES.

WE HAVE LONG SURMISED THAT LONG-TERM WEALTH IS NOT PROMISED NOR INTENDED FOR ALL …EVEN UNDER THE MOST OPTIMISTIC RESULTS.

WE SEE WITH MORE EVIDENCE DAILY THAT WEALTH FOR MANY WILL DISAPPEAR DUE TO THE GULLIBILITY AND BLIND TRUST PLACED IN THOSE PERSONS WITH THE APPEARANCE OF AUTHORITY, TITLE, POSITION OR KNOWLEDGE AND THE RESULTING POOR CHOICES MADE TO FOLLOW THE DIRECTIONS OF THEM CAUSING THE EVENTUAL LOSSES OF ANY POTENTIAL REALIZED GAINS FROM THE EXCHANGE.

MANY OF US WILL ENJOY OUR PARTICIPATION IN THIS SPECULATIVE ADVENTURE BUT, AS THE PROPOSED STATISTICS FROM YEARS AGO SUGGEST….RETENTION OF THE NEW WEALTH WILL BE FLEETING FOR MANY.

THAT IS WHY WE DECIDED EARLY ON AND, HAVE MAINTAINED THE SINGULAR GOAL, TO EDUCATE OURSELVES AND THOSE THAT CAN SEE AND HEAR… SO THAT WE MAY DEFY THOSE PROJECTIONS AND STATISTICS; AT LEAST WITHIN THE SCOPE OF OUR MEMBERSHIP AND THE WIDER AUDIENCE THAT HAVE DILIGENTLY LISTENED AND STUDIED THE SUGGESTED MATERIALS AND HEEDED THE DIRECTIONS WE ENCOURAGED OVER THE YEARS.

AWARENESS, RESEARCH, VERIFICATION, DIVERSITY, PERSONAL RESPONSIBILITY AND, A STEADY APPLICATION OF ALL THE ABOVE, MUST BE EXECUTED NOW AND IN THE FUTURE TO REACH THE GOAL OF BEING THE STATISTICAL MINORITY OF THOSE THAT WILL RETAIN AND MAINTAIN THIS NEW WEALTH AND DEVELOP A STRONG FOUNDATION AND LEGACY FOR OUR FAMILIES AND ALL THOSE WE TOUCH THROUGHOUT TIME.

HANG IN THERE

Don’t Forsake Me

Sar hamamunah, sar hamamunah
Ginat agoz gum patah nah
Ginat agoz gum patah nah
Likrat yadidi umaherah

Don’t cast me away
When I start to fade
When my mind’s unmade
Don’t forsake me
When my strength has ebbed
Don’t forsake me.

I know the day will come,
I know the day will come
And all my life will be haze and spark
Don’t ever leave me in the dark.

Don’t cast me away
When I start to fade
When my mind’s unmade
Don’t forsake me
When my strength has ebbed
Don’t forsake me.
Oh, Oh, Oh,
Don’t cast me away

Masking the IMF Standard Drawing Right with a New Gold Standard

A recent article in Forbes has suggested that the Trump Presidency has three options regarding the international monetary system. One option is to continue with the dollar as the primary reserve currency. Most readers will be aware of the challenges from such a continuation. The growing imbalances within the existing system are creating the need for a structural change. So this really is not an option worth considering.

The second option which Forbes suggests is to use the Special Drawing Right (SDR) of the International Monetary Fund (IMF) as the global reserve asset. This concept has been thoroughly reviewed and explained JC Collins on his Philosophy Of Metrics web site and does provide a viable path forward pending what solutions and protections are put forward to address concerns over loss of sovereignty.

A third option which Forbes puts forward is the return to a new gold standard. This option has also been discussed and reviewed on Philosophy Of Metrics in the article The Greatest Deal of All Time – A Trump Gold Standard and on the Republican Party of Canada site with the article An Incremental Return to Gold-Backed National Currencies – And Why A Supra-Sovereign SDR Reserve Asset May Just Make That Work.

Both articles taken together provide a focused picture on the possible solution of gold-backed national currencies being used in conjunction with the SDR to re-balance the international monetary framework.

There are some key people in the Trump Administration, as discussed in the first article, who are positioning policies which will facilitate the transition to a partial gold support for the dollar. This will be called a new gold standard regardless of the percentage or depth of gold support.

It has been noted that the recent communiqué from the IMF no longer mentions the need to resist protectionism. This is revealing in that it aligns with the previous discussions we have had since 2015 about the Trump platform representing a “New Modern Nationalism” which will be used to sell the transformation of the international monetary system and manufacture the domestic support for major policy changes back home in America.

These changes include everything from devaluing the dollar and forcing the appreciation of the Chinese renminbi. Both of these have been openly discussed in the last few months and will continue to be discussed as more of the geopolitical challenges of this transformation are sorted out on the international stage.

Where Forbes defines option two and three as an either /or decision, I would suggest that it will be a combination of both. The new nationalism which is sweeping across the world will enhance a re-negotiation of trade deals and encourage fundamental changes to the existing dollar based exchange rate arrangements. This will force a drastic shifting of wealth and access to resources in the world. It is that reason more than anything else which is the source of the ongoing geopolitical tension in the world.

Readers can reference the POM article The Great War for Eurasia for a better understanding.

The number one concern with the concept of using the SDR as the international reserve asset in place of the USD is that it would mean the loss of sovereignty for nations. The SDR system taken to its ultimate corrupted form would mean that once sovereign nations no longer have control over their domestic money supply. This is not necessarily true as discussed in the linked articles above. Though it could be true if proper controls and policies are not put in place through re-negotiated trade deals and exchange rate arrangements.

For many this risk is too great and the SDR framework would have some huge hurdles to overcome. This will also depend on how it is sold to the mass populations of each nation. Some countries will absorb the change without little hesitation as they would stand to gain and be better positioned.

But there are nations, such as America, where an SDR system could be perceived as detrimental based on the fact that the US dollar has in essence been the international reserve asset since at least the end of the last world war. This “loss of power and influence” is being packaged and sold as Trump’s new nationalism and the BREXIT vote. Their is a high probability that Marine Le Pen will also be elected in France this weekend as previously predicted here on POM.

Behind the scripted media presentations on a possible new gold standard will be the fine print on the role of the SDR in the international monetary system. The use of domestic currencies, such as the USD, to balance global trade, will need to be avoided.

When Trump said in a speech that he is against a “global currency” and a “world government” most alternative media interpreted that to mean that he is against globalization. But globalization is only changing hats and will continue under the new modern nationalism with re-negotiated trade deals and the use of the SDR to balance global trade.

This has been the objective all along.

Such a role for the SDR could be presented as not being a global currency because it is only used for trade purposes and no one is walking around with SDR in their wallet or in their bank accounts.

The realities of a Trump Presidency are now settling in on the American people. There has been some flip-flopping and the continuation of the existing American foreign policy, which is evident in the bombing of Afghanistan and the missile strike in Syria. Outside of which establishment people are holding the reins, it would appear that not much has changed regarding Anglo-American policies and strategies.

The post How Rothschild Inc. Saved Donald Trump provides some explanation for the emerging Trump realities. Taken at first by many as wrong, the article itself is proving extremely accurate considering it was written last summer and before people were named to the Trump administration. Wilbur Ross, former Rothschild Inc. executive who was discussed in the linked POM article, is now the Secretary of Commerce and will be instrumental in forming the new American economic and trade policies.

That should be the biggest clue to all that the ongoing international strategies are continuing with the Trump Presidency. There is no reason to think that this will also not apply to the call for a larger role for the SDR.

A partial gold standard for the USD and other major currencies acting as the front man could very well direct attention away from the SDR background and deeper changes to the international monetary framework. Understanding the fundamentals of this transformation is the best thing we can do to grasp and predict what is to come next.

US by Paul Genova – The State of the Union

Friday, January 27, 2017

Mr. Paul Genova has been President and Chief Operating Officer of Wireless Telecom Group Inc. since June 30, 2016. Mr. Genova served as the Chief Executive Officer of Wireless Telecom Group Inc. from November 16, 2009 to June 30, 2016.

Source: http://aschaper1.blogspot.com/2017/01/us-by-paul-genova.html

I haven’t said too much about this election since the start….but this is how I feel.

I’m noticing that a lot of you aren’t graciously accepting the fact that your candidate lost. In fact you seem to be posting even more hateful things about those of us who voted for Trump.

Some of you are apparently “triggered” because you are posting how “sick” you feel about the results.

How did this happen you ask?

Well here is how it happened!

  • You created “us” when you attacked our freedom of speech.
  • You created “us” when you attacked our right to bear arms.
  • You created “us” when you attacked our Christian beliefs.
  • You created “us” when you constantly referred to us as racists.
  • You created “us” when you constantly called us xenophobic.
  • You created “us” when you told us to get on board or get out of the way.
  • You created “us” when you attacked our flag.
  • You created “us” when you took God out of our schools.
  • You created “us” when you confused women’s rights with feminism.
  • You created “us” when you began to emasculate men.
  • You created “us” when you decided to make our children soft.
  • You created “us” when you decided to vote for progressive ideals.
  • You created “us” when you attacked our way of life.
  • You created “us” when you decided to let our government get out of control.
  • You created “us” the silent majority.
  • You created “us” when you began murdering innocent law enforcement officers.
  • You created “us” when you lied and said we could keep our insurance plans and our doctors.
  • You created “us” when you allowed our jobs to continue to leave our country.
  • You created “us” when you took a knee, or stayed seated or didn’t remove your hat during our National Anthem.
  • You created “us” when you forced us to buy health care and then financially penalized us for not participating.

And, we became fed up and we pushed back and spoke up.

And we did it..
With ballots, not bullets
With ballots, not riots
With ballots, not looting
With ballots, not blocking traffic
With ballots, not fires,
except the one you started inside of “US”

“YOU” created “US”.

It’s just that simple.

Pass this on if you believe this represents most of “US”.

Related:

Donald Trump: Already Better Than Reagan

(1977) Lisa to Clifford.. this workboot shoe represents your future!

Dearest Clifford:

This shoe (workboot) represents your future!

Your drive and ambition will cause you to wear out many pairs of workboots just like this one.  This boot is my wish to you for happiness.  Unlike regular workboots, this workboot will never wearout, because if it does, it will represent the failure to follow your dreams!

This boot is small like you in comparison to the big world, but powerful in its potential.

Treat this boot as you would me, gentle and kind.

Like this boot, of which many hours were spent to make it, is our friendship which will never wear out, either.  Go more quietly and softly along your path to success; the world can’t be conquered by a voice!

Love to you on your birthday, spend it wisely.

Lisa

 

Global Currency Reset – IMF to be frank and candid with exchange rate analysis

President Trump’s Treasury Secretary, Mnuchin, tells the International Monetary Fund (IMF) that he expects a “frank and candid” exchange rate analysis. Frequent readers of my blog posts here, will not be surprised by this development.

Source: http://www.zerohedge.com/news/2017-02-21/mnuchin-tells-imf-he-expects-frank-and-candid-exchange-rate-analysis

With the Trump administration having gone radio silent in recent weeks on the issue of currency manipulation and whether it sees the dollar, or other currencies, as under- or over-valued, there was a notable if vague update from U.S. Treasury Secretary Steven Mnuchin who spoke to the IMF’s Managing Director Christine Lagarde on Tuesday and told her that he expects the IMF to provide “frank and candid” analysis of exchange rate policies.

There was no elaboration of what the apriori US stance was coming into the conversation.

The spokesperson said that in a phone call to Christine Lagarde, Steven Mnuchin emphasized the importance that the administration places on boosting economic growth and jobs in the United States, and looked forward to robust economic policy advice from the IMF regarding its member countries, and the objective of tackling global imbalances.

The readout from the a Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde is below:

WASHINGTON – U.S. Treasury Secretary Steven Mnuchin spoke by phone today with Christine Lagarde, Managing Director of the International Monetary Fund (IMF).

In his conversation with Madame Lagarde, Secretary Mnuchin welcomed the key role the IMF plays in promoting global economic growth and stability and in preventing and responding to economic crisis. He noted the importance the Administration places on boosting economic growth and jobs in the United States, and looked forward to robust IMF economic policy advice on its member countries and tackling global imbalances. Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries.
Needless to say, a full transcript of the conversation would have been far more useful for all those wondering if the dollar is set to continue its recent growth spurt or if Mnuchin hinted that Trump would be happier with a lower dollar going forward.

Trump’s Doctrine and the Development of Global Free and FAIR Trade

How to reduce American influence
over Global Institutions

Based on recent news releases, it would appear that even the International Monetary Fund’s (IMF) Managing Director, Christine Lagarde, is picking up on Trump’s language and his business doctrine when she recently stated that “the IMF has always been a supporter of free and fair trade”. This comes as no surprise as the Donald Trump Presidency has in essence hijacked the international process through its strategic take-over of one of the world’s largest economies and contributors to the IMF’s financing arrangements.

The use of the word “FAIR” alongside “FREE” in the recent references to international trade stems from Trump’s speeches in the primaries and campaign season of 2016. While giving massive rallies across the United States he would express the need for free and fair trade, always with an emphasis on the word “FAIR”.

The fact the the IMF is now using that term in its official statements is very telling of the trend moving forward.

But, it could also be an example of how much of this global monetary transformation is being scripted and the primary talking points issued before hand for use in a specific and strategic manner.

Hmmm..

Such a thing does not require a conspiracy of vast proportions or even that much orchestration. Political campaigns and politics in general use such talking point strategies as a matter of routine. This can be observed across the nightly news spectrum as political surrogates march forth with common messages and alignments meant to spread their parties vision to the masses. Large corporations also use such methods in order to maintain one message and one face to potential investors and business partners.

The international institutions, which have governed the world since 1944,

The Bretton Woods Conference, officially known as the United Nations Monetary and Financial Conference, was a gathering of delegates from 44 nations that met from July 1 to 22, 1944 in Bretton Woods, New Hampshire, to agree upon a series of new rules for the post-WWII international monetary system.

are on the verge of some fundamental changes on how they operate and function in relation to one another. The suggested mandates and policy changes are being issued from the think-tanks and working groups across the political, corporate and banking broad-bands. The message from Madame Lagarde at the IMF is loud and clear – the Trump mandate is the direction in which the world framework needs to shift.

This shift is not the design of Trump alone. The new American President of 2017 is the salesman for the implementation of the multilateral monetary and financial frameworks which are meant to re-organize and re-balance the global monetary system.

Some new readers may not understand exactly what this entails but its core mandate is the reduction of the USD denominated foreign exchange reserves which are held in central banks around the world. The accumulation of USD denominated reserves is the number one concern which needs to be addressed before broader and more systemic matters can be managed and minimized.

The People’s Bank of China is the largest holder of USD denominated debt outside of the Federal Reserve itself. The relationship between the American dollar and the Chinese renminbi is the pivot point for a large portion of these monetary adjustments and changes. America has the largest trade deficit and China has the largest trade surplus. Both nations are the two largest economies in the world with all others caught in the twisting and tightening motion which exist between both opposing positions.

As China is attempting to shift its economy from the traditional trade exporting model to a consumption based model like the West, it finds the Renminbi (RMB) currency in an inconvenient position. The peg China maintains against the USD ensures that a strengthening American dollar will put increased downward pressure on it, and any attempts to keep the RMB from depreciating requires the People Bank of China (PBoC) to unload American dollars in it’s foreign exchange reserves.

While this is in fact the end goal, China finds its reserves slowly depleting while no appreciation of the RMB is taking place. Currently, the objective in Beijing is to decrease the export of cheaply made goods and invest more in domestic consumption with Renminbi denominated financial instruments. This requires China’s RMB to appreciate, not depreciate, in order to become more attractive to foreign investors.

The role of trade between the worlds two largest economies, and those caught in the middle, which amounts to everyone else, is the fundamental mechanism which will contribute to the transformation of the international monetary system from the existing unipolar USD based system to a more “FREE” and “FAIR” framework based on the use of multiple currencies and the slow integration of a supra-sovereign asset, such as the Special Drawing Right (SDR) of the IMF.

A new set of governance reforms are being rolled out by the IMF Board of Directors over the next few years with a focus on 2019 for approval and implementation by 2022. This builds on the 2010 Quota and Governance Reforms which were agreed upon in 2009 by all the 188 nations of the world except one, but were not implemented and enacted until December 2016 by the US Congress, which held 16% of a quorum vote when 85% is required to pass anything through the IMF (the US again bullied the rest of the world).

The dominate role of the United States within the Funds operating framework will be discussed as a part of these “negotiations” with the expectation that Trump will demand a decrease in financial contributions to the IMF arrangements.

This will correspond with further decreases in American contributions to other international institutions, such as the G20, World Bank, NATO, and even the United Nations. This is where salesman Trump operates in his sweet spot as the quintessential business-political personality who will package and sell America’s changing role in the international community.

The reduction in USD denominated assets around the world will assist in this transformation in that America will no longer be able to contribute the majority of funding to these institutions. This lower demand for the dollar will allow for it to depreciate against the currencies of its largest trading partners, which in turn will make American made goods more affordable and increase exports. This translates into more domestic jobs and increased GDP which in turn lowers the debt-to-GDP ratio making debt more manageable.

China is in the exact opposite situation, as described above. It needs to have the Renminbi (RMB) appreciate so it can reduce its exports.

Let’s not forget the rest of the world churning in the middle. The changes to currency arrangements and trade deals are the fundamental tools which will be used to re-organize and re-balance the world. This is why the addition of the term “FAIR” has now been added to the global trade lexicon alongside “FREE”. Both are meant to shift our perception of world trade and how nations begin to interact with one another on a different platform.

The corresponding reduction in American contribution and participation in the global institutions will align with these broader monetary and financial changes. Other nations will be able to increase their own contributions and participation as the Trump doctrine leaves behind a well strategized and scripted vacuum.

The Ranch House at 1211 Rivera Drive and its Bunk House ‘Man Cave’

Hello all:

Maverick leaving his music career for full-time employment as an underwater diver.
Clifford “Maverick” Taylor Fleischbein: in 1974 he was an active Oceanologist working for Oceanic Marine Corp. in San Diego, California, working as a professional underwater recovery diver.

Maverick, here…

I am writing for you and for myself as I’m making plans…

AGAIN !

My new plan for the 1st QTR 2017, is a road trip [and this writing is an invitation for anyone looking for a ride]; through Northern California, arriving in Sacramento to spend six (6) days on the Ranch and living in the Bunk House (apt. of grandpa living in 1952 – great-grandpa to some readers, Orvil Fleischbein was the name of my father’s father.)

The Bunk House today (2017-May-01):

I will return PROMPTLY to San Diego by driving the US-5 Interstate in one (1) day, with 8-hours rest before going back to work at Jiffy Lube! (L.O.L.)

[SIDE THOUGHT]: I need to go back through my archives and rebuild my family documents (since my original research collected from 1972 through 1981 {Clifford V.F. Taylor’s. college years} was tossed out into the alley dumpster in Ocean Beach near our home in 1989 at the address of: 1868 Bacon St #A and #B, San Diego, CA 92107) based on the newer records that I have gleaned since the old-records lost in 1981. My new chronicle of the family tree is now based on many years of history lived, but also certified training by U.C.Santa.Barbara. and four (4) years field experience practicing and recording for the U.S. Smithsonian Institute information about the preservation of Cultural and Archaeological U.S. Natural Resources (google = Clifford V.F.Taylor San Diego 1979 – 1985) {I remember the stories from my dad, but the names challenge me}

Back to the trip planning…

I’m thinking of taking two (2) days to drive north, using the old US-395 highway; where I can now view and inspect the road improvements I’ve recently heard of.

This trip will bring me north, through the east side of the Sierra Nevada mountain range. I will drive up the mountains through the Donner Pass.

The Donner Party (sometimes called the Donner-Reed Party) was a group of American pioneers led by George Donner and James F. Reed who set out for California in a wagon train in May 1846. They were delayed by a series of mishaps and mistakes, and spent the winter of 1846–47 snowbound in the Sierra Nevada.

I will be driving through the pass, stopping at Donor Lake to review the stomping grounds that I lived at for two (2) summers {the years 1970 – 71} in a cabin, just a few lanes down the road from Donner Lake shore-line.  I lived with Robert ‘Bob’ Day because he needed to live in the mountains in the summer to reduce asthma attacks. I was invited to be his escort, friend and helper. It was these long, hot, summer nights that Bob and I found the time to learn many new, popular radio songs (Neil Young, Stones, Steve Miller, The Band, Dan Hicks and His Hot Licks band). And, Bob Day learned to play his guitar by watching and learning with Clifford “Maverick” Taylor (1970-71)

The plan is to have one night stay, camping out, and arrive at the Sacto Rancho by mid morning the 2nd day of driving.

Would you be interested in taking the road trip with me?

I will be taking my music and movie gear with me intending to host one-evening to my neighbors (you are invited).

If it hasn’t been too wet in March, then I might consider asking Jeff Archer if I can borrow the dirt bike and the motor/bike travel stand… AGAIN! I’d love another day at the Prairie City OHV near Rancho Cordova area by our ranch.

So, again… what is your 2017 Spring schedule looking like?

I need a copy of your schedule (ASAP) to finalize my plans. I’m taking the old Coleman stove from my dad, back to the Ranch and will be using it on this camping trip. And some of my guitar music equipment will be moved to the Ranch.

Best Regards,

~ Dad

P.S.

Clifford’s growing understanding of the GCR that keeps him hoping and believing

Attn: Richard Wells

Maybe reading some of my blog collection will help you understand my developing perspective of the GCR.

I pray for a “POP” in the GCR implementation, but I’m pragmatic regarding the process of a global international banking system being created to sustain a GCR event.

TRUMP MIGHT HAMMER THE FEDERAL RESERVE CENTRAL BANK

If the GCR does not happen soon, I hope to live long enough to see devalued currencies rise to their rightful norm without American USD interference, within my life-time.

It has been one-full-year in which I solely own the property in Sacramento without Karen, my deceased sister. Hoorah! It feels good to be the sole owner of the property that I call: “The Ranch” where my father built the Ranch-Style House, and my grand-father’s apt called “The Bunk House”; i.e. my man-cave.

I’ll setup a slide show of photos and share how the property has evolved. I removed four (4) dead trees last year (2016) and the land look BIGGER ! 😋

I’m planning to visit my “Ranch” and “bunk-house” in Sacramento the last part of March 2017 (1st quarter maintenance to property – visit). Might you be available for a visit?

Kind regards,

Clifford “Maverick” Taylor
(858) 576 – 8363

TRUMP MIGHT HAMMER THE FEDERAL RESERVE CENTRAL BANK

President Donald Trump and the Multi-Lateral International Banking System (a global currency reset)

Back in October of 2015, I shared a post titled: De-Fang the Federal Reserve – The Conspiracy on How the Fed is Being Integrated into the Multilateral Framework.

It served as a summary of how the Federal Reserve Board (privately owned bank) acted as the global central bank almost from its inception in 1913 and how this would change in the lead up to a multilateral monetary framework.

From the perspective of what was posted on October 2015, the Trump mandate on “America First” is being misconstrued by many viewers as an isolationist policy, but is in fact the cover for integrating America into the new, emerging multilateral international banking system.  This is difficult to see for most readers because it is hard to reconcile the idea of an isolationist mandate with that of a multilateral financial banking mandate. Unless readers have been following blog posts here (and at other Internet sites) since 2013, it would appear to most that America is dumping the globalist script when in fact the script is the same and only the characters as well as the events have been changed.  The theme remains the same.

This is one of the main reasons why the media is in fact pushing this isolationist script.  It prevents Americans from accurately deciphering the shift towards the multilateral.  The opposition to the Federal Reserve and its connections with elite political establishment was built up through alternative media to the point where the masses are now clamoring for the changes which in fact were always required in order to make the multilateral transition.

The most obvious point is a changing role for the Federal Reserve.  In a multilateral financial world , the Fed will no longer be required to serve the function as an international central bank providing access to a reserve asset.  Instead, the Fed will be transformed to focus on domestic concerns while the international mandates begin to transition to an institution like the International Monetary Fund (IMF) and the Standard Drawing Right (SDR) asset.

In the 2015 post on the Federal Reserve Board was a reference to something called the Centennial Monetary Commission which was tasked with defining changes to the Federal Reserve’s roles and responsibilities.  This study has now been completed and the recommendations are being made.  Some of these recommendations were reviewed in the 2015 post, which is included below.

Of course this will all be sold to the people as what is good for America as the “mismanaged Fed” is straightened out.  The mainstream media will play its function as opposition to the Trump administration by rounding out the cognitive dissonance and getting the masses to accept all the changes that are coming.

When it’s all said and done, the new Trump America with renegotiated trade deals, new financial arrangements with international institutions such as the United Nations, and a decreased role for the USD in the world, will be aligned with a new multilateral world.  From the moment Trump announced his candidacy it was hypothesized that he would sell this to the American people, and he is, and will continue to do so.

Expect the Trump against the Federal Reserve script to increase in pace and intensity in the coming weeks as major changes are made.  Again, it’s only a matter of time until the term Standard Drawing Right (SDR) comes out of Trump’s mouth.  It will be sold as what is good for America.  Something like Nixon saying America will not be held hostage by international interests when he ended the gold window in 1971.

More from the post made on October 2015:


The Conspiracy on How the Fed is Being Integrated into the Multilateral Framework

By JC Collins

Sometimes the complexity and level of artisan skill required to engineer the multilateral monetary framework is staggering.  The socioeconomic and geopolitical shifting which takes place behind the closed doors of think tanks and international institutions would make for intriguing spy-like novels on par with the tales of John le Carré.

Such stories would be reminiscent of the old movie the House of Rothschild where skulduggery and manipulation were used to increase the sovereign debt of European nations.  The leaders and Kings of Europe refused to borrow money from Mayer Rothschild and in turn Napoleon conveniently escaped from exile on the Island of Elba in February of 1815 and began to wage war upon Europe again.

The allies formed the Seventh Coalition to fight against Napoleon and quickly diminished their reserves and loan capacities before finally turning to Mayer Rothschild for additional funding to continue the fight.  Once the Rothschild loan was secured Napoleon was defeated at the Battle of Waterloo and the tide of history was changed for ever.

The Federal Reserve should be looked upon as the Napoleon of the 20th Century.  It was used to fund the growth of the military industrial complex and expand the central banking system all around the world.  And like Napoleon, the Federal Reserve performed its function as strategized and will now be modified to fit within the larger macro multilateral framework which it helped create.

The evolution of the Federal Reserve is complicated and would require almost a book length discourse to fully grasp the details and policies which have grown and shaped monetary and fiscal policy both within the United Stated, and throughout the world.

This evolution took a leap forward in March of 1951 when the Fed gained broader independence from the US Treasury, executive branch, and Congress.  The Federal Reserve Treasury Accord ended the pressure on the Fed to peg long-term interest rates and minimize accountability to the US Congress.

This evolution of strategy and mandate allowed for the Fed to become the central bank of the world and indirectly set international monetary policy for other countries.  Not to mention expand funding for the military industrial complex and leverage both physical and economic influence on foreign countries.

With that being said, the US Congress still has a duty to exercise oversight and can adjust or modernize the Federal Reserve Act when it is appropriate to do so.  What exactly would entail appropriate causation can be extremely suggestive of external influence and special interests within the larger international banking community, such as experienced by the leaders of Europe when confronted with the threat of Napoleon.

The Fed is now operating in a vacuum and its mandates are no longer aligned with the domestic interests of the United States.  This inevitable discourse between domestic fiscal responsibility and the waning foreign responsibility to those central banks holding vast amounts of USD denominated securities is creating a situation which will need to be addressed sooner rather than later.  The inability of the Fed to raise interest rates is based primarily on the negative effect such a move will have on foreign countries.  This lack of movement on policy normalization by the Fed could very well act as the catalyst for Federal Reserve reform.

In a recent speech to Congress, Paul H. Kupiec of the American Enterprise Institute stated that it is the responsibility of Congress to re-examine the mandates, powers, and responsibilities of the Federal Reserve.  An appropriate revision of Fed legislation would be enacted based on that re-examination.

Kupiec goes on to discuss how the overall structure and strategy of the Fed would need to be addressed within a reasonable time frame.  The Centennial Monetary Commission is scheduled to complete a report by December, 2016, on changes to Fed policies and mandates.  Kupiec suggests that this time table be shortened while stating that the monetary mandate of the Federal Reserve must be more specific and less open to interpretation.

The interesting thing about Paul H. Kupiec is that he has previously worked on banking and financial market policy for the International Monetary Fund (IMF), Federal Reserve Board itself, the Federal Deposit Insurance Corporation (FDIC), and the Bank for International Settlements.

The BIS is considered the apex of the central banking system which the US funded military industrial complex helped establish around the world.  As such, it is the BIS which sets the international mandates on monetary reform and multilateral macroprudential policy.

A BIS and IMF affiliated economist and policy maker testifying before Congress on reforming the Federal Reserve Act is tantamount to Mayer Rothschild cutting off military funding to Napoleon during the Battle for Waterloo after the leadership of Europe had been consolidated under his loan mandates and terms.

The interesting part is that the suggestions on reforms to the Federal Reserve Act are strategically similar to what many Americans have been conditioned to demand of the Fed.  The engineering of an opposition to the Federal Reserve has been extremely effective.  Whether it’s Ron Paul or the Alex Jones network, opposition to the Federal Reserve has been directed and focused on a few key points.

These points were itemized by Paul H. Kupiec, formerly of the IMF and Bank for International Settlements, in his testimony before Congress on July 22, 2015.  The points of interests regarding the Federal Reserve Reform Act of 2015 are as follows:

  1. Requirement for Policy Rules of the Federal Open Market Committee – This point would give the General Accounting Office (GAO) the opportunity to validate FOMC policies and improve the transparency of the Fed process.
  2. FOMC Membership – This would put an end to favored voting rights within the FOMC as such rights are less important today now that the Fed has completed its initial mandate.
  3. Stress Test Transparency and Disclosure of Supervisory Correspondence – This would force the Fed to disclose stress test models used to determine and set specific monetary policies and mandates.
  4. Cost-Benefit Analysis and Review of New Regulations – The Fed has been exempt from regulations that require it to perform cost/benefit analysis of new regulations. This would change under the defined reforms.
  5. Notification of Intent to Engage in International Standard Setting Bodies – Congress and the public must be made aware of international standard meetings in which the Fed participates, as well as the material implications for the US. (Do not let this reform mislead you into thinking that American sovereignty will be protected.  As long as the Congress set has oversight, this reform will ensure that the Fed implements the multilateral mandates as designed. A new cheques and balances maintained by the leveraged politicians.)
  6. Federal Reserve Special Lending Powers – This reform will prevent the Fed from legally lending to a distressed and potentially insolvent financial firm. This was a big issue during the last financial crisis.
  7. GAO Audits – Ensures and validates that the FOMC’s policy directive is consistent with the directive policy rule reported to Congress. Most will recall the Ron Paul push to audit the Fed.  As long as the Congress is controlled and leveraged by international banking interests, the GAO audits will serve the purpose of the multilateral mandates.

This short list of Federal Reserve policy reforms accurately reflect the Cultural and Socioeconomic Interception (CSI) engineering which has taken place through the alternative media and Tea Party propaganda. (Reference post The First False Flags for a definition of CSI)  The fact that these reforms are being promoted and testified before Congress by someone affiliated with the Bank for International Settlements, representing the international banking interests, should give all Americans pause.

Those who have been leading us down the garden path of liberty and conspiracy have failed to both recognize and educate the disorganized masses on the actual methodology of the multilateral transmutation of the international monetary system.  Reducing the power and influence of the Federal Reserve fits exactly into the mandates of the multilateral.

The same can be said of the political platform of Donald Trump.  The “Make America Great Again” pledge and mantra is the condensed talking point which is based on the depreciation of the dollar.  This multilateral depreciation will reduce the cost of US manufactured goods and increase exports.  This means higher GDP, reduced debt-to-GDP ratio, and more jobs for Americans.

The multilateral mandates are being sold to Americans through alternative media and establishment opposition.  The analysis presented here on POM has been attacked and/or ignored by so many sites which promise the truth.  Yet, readers and followers of those sites and personalities have been left more confused and less informed about everything that is taking place internationally.

Long-time readers of POM have been provided a front row seat on the transition from a unipolar USD dominated world to a multilateral SDR denominated world.  The fact that so much of the information presented here is trending accurately is a testament to the validity of the analysis.

Who would have thought that the Bank for International Settlements and the Tea Party, Ron Paul, and the Alex Jones network would all want the same thing?  Truth is definitely stranger than fiction, and conspiracy theory is not the conspiracy we thought it was at all.  – JC

Interested readers may also gain additional insight into the strategies and workings of the international banking interests by reading the post The Bretton Woods Origin of the Cold War.

Lost Any Liberal Friends?

QUESTION:

HI Cliff,

How are you? Was a great inauguration… any comments,
I’d love to hear.

Have you lost any liberal friends, or do you steer clear from them??

Hugs,

Judith
Grace Awake


ANSWER:

Grace:

I’ve been trying for months to inform my liberal, socialist, police-state ideologists that the appearance and election of Donald Trump to the political stage of the world’s most powerful country is a geo-political move of global proportions in support of a new, multilateral currency system with the intent to revalue the currency of emerging nations and re-balance the global economic system. It is a move away from seven decades of unipolar USD based global reserve currency pushed by the Western banking system and American Corporate imperialism.

And, more specifically, the liberal mandates of open societies and left-leaning freedoms have crashed into the walls of rational thought and real-world functioning progressive ideals. This was one of the most predictable outcomes in our world for the simple fact that the liberal-left and its proposed values and virtues are based on a fraudulent position which was promised to empower the people and end the threat of totalitarianism, but in fact weakened the moral fiber of civilization and skewed the diametric truths.

It has long been declared that the alternative to the mandates of liberalism is authoritarianism, totalitarianism, fascism, and the scalable loss of freedoms as society moves further to the right. This gross mischaracterization has been embedded in our culture through left-funded media and education strategies which have both arrested and corrupted the minds of generations.

Whether you consider the development of these diametric left and right political ideologies as chance or engineering matters less than the need to understand the path civilization takes as it shifts between one and the other. The human mind demands opposition as a method of advancement and learning. This foundational principle is hardcoded into our world and the human powerbase has mastered the art of harnessing it for the purpose of socioeconomic engineering. The diametric exists in spite of the human need for oneness and brotherhood.

The truth of the matter is that the extreme of the left or the right both act as catalysts for a return to the other. A civilization surrendered to extreme right authoritarianism will build an inner momentum for a return to the freedoms inherent in the center. This momentum becomes an unstoppable train which overshoots the center and reengineers culture and governance towards the far left. Equally so, a civilization weakened to extreme left openness and unaccountability will develop an outer momentum for a return to decency, strength and personal responsibility. The overshoot is just as dramatic.

The all or nothing approach of the liberal-left towards a full open society establishes a need for totalitarianism in the same manner that the extreme right presents its own justification. Harsh loss of personal freedoms and strong authoritarianism are required to hold both the left and the right in their extreme diametric positions. Neither can use the risk of authoritarianism as the justification to prevent the other from arising as the end result will always be the same.

The frequency of executive orders by the Obama administration and the use of regulations are examples of what we are discussing. The momentum towards a full open society built on the mandates of the liberal left has destroyed itself in the same manner that an extreme right ideology would have.

Those in the world who can grasp and understand the mechanics and methodology of this shifting diametric have an opportunity, and in fact a responsibility, to plan staged cultural and socioeconomic interceptions which would be meant to manage the return momentum and create a structural framework at the center which would hold the weight of a civilization with a growing self-awareness.

The dogma of “do what thou wilt” is the built-in weakness of the far liberal left in the same manner that “do what we tell you to do” is with the far right. The extreme of either ideology emerges near and at the end of civilizations. Other ancillary factors such as monetary policy and war act as further catalysts but the corruption begins within first, such as it does in our personal lives.

The road from fascist Germany in World War Two to liberal-left Germany today which has enacted self-destructive governance policies is a perfect example of this swing between extreme left and extreme right. The open borders and open society framework has failed not just in Germany and Europe, but across the world and political spectrums. The governed populations are beginning to accept that there is an ideological disease which has pushed western civilization to the brink of an identity collapse just out there on the edge of the extreme liberal-left platform.

The response is the “new modern nationalism” which we have discussed and is represented by the election of Donald Trump, the BREXIT vote, and the emergence of strong conservative-right candidates in nations around the world.

But with the death of worldwide liberalism also comes the end of American unipolar imperialism which has functioned as an extension of the international reserve status of the dollar and by default the once influential liberal-left culture which has dominated in varying degrees since the passage of the Federal Reserve Act in 1913. The shift towards a multilateral (or multipolar) monetary framework is releasing American culture from the death grip of this responsibility and allowing for a restructuring of the US financial system, the function of the Federal Reserve, and the geopolitical world.

The geopolitical transformation has been manifesting with shifting alliances in the Pacific as once America allies, such as the Philippines, are moving closer to China. The orientation of Eastern Europe is also a place where further changes can be expected as Ukraine remerges as a strong Russian partner. As an extension, we can assume that once important regions and nations, such as the American military presence in South Korea because of the North Korean threat will be reversed and new balances and borders sought.

Recent statements by Trump would suggest that he has communicated to China that the time has come to address the North Korean situation. Whether the eroding American establishment has indirectly supported the North Korean regime as a pretext to justify its presence in the South matters little now as the script unfolds and China cleans up the mess in its own backyard.

All of this does not bode well for the ideological objectives of worldwide liberalism. But we need to be cautious that authoritarian rulers do not emerge who would take advantage of this swing towards the new modern nationalism. Such rulers can care little for ideological allegiances as long as their rule is enforced and maintained.

The liberal-left and the conservative-right are tools for maintaining the momentum in the pendulums swing arc. The time may be past to prevent the emergence of an extreme right as the world shifts and liberalism is crushed under the weight of the new modern nationalism. But let these words settle upon us as we observe and learn the pattern of human nature and the unseen forces in this world. This is the rational approach and the logical end to that which is illogical and irrational.

With Donald Trump, we are moving this nation toward a multi-lateral global currency system without the old American establishment and their imperialistic form of democracy.

Sincerely,

Clifford “Maverick” Taylor

President Donald Trump’s Inauguration Speach: 2017-01-20

Chief Justice Roberts, President Carter, President Clinton, President Bush, President Obama, fellow Americans and people of the world, thank you.

We, the citizens of America, are now joined in a great national effort to rebuild our country and restore its promise for all of our people.

Together, we will determine the course of America and the world for many, many years to come. We will face challenges. We will confront hardships. But we will get the job done.

Every four years we gather on these steps to carry out the orderly and peaceful transfer of power.

And we are grateful to President Obama and first lady Michelle Obama for their gracious aid throughout this transition.

They have been magnificent.

Thank you.

Today’s ceremony, however, has a very special meaning because today we are not merely transferring power from one administration to another or from one party to another, but we are transferring power from Washington, D.C., and giving it back to you, the people.

For too long, a small group in our nation’s capital has reaped the rewards of government while the people have bore the cost. Washington flourished, but the people did not share in its wealth. Politicians prospered but the jobs left and the factories closed.

The establishment protected itself, but not the citizens of our country. Their victories have not been your victories. Their triumphs have not been your triumphs. And while they celebrated in our nation’s capital, there was little to celebrate for struggling families all across our land.

That all changes starting right here and right now, because this moment is your moment. It belongs to you.

It belongs to everyone gathered here today and everyone watching all across America. This is your day.

This is your celebration.

And this, the United States of America, is your country.

What truly matters is not which party controls our government, but whether our government is controlled by the people.

January 20th, 2017, will be remembered as the day the people became the rulers of this nation again.

The forgotten men and women of our country will be forgotten no longer. Everyone is listening to you now. You came by the tens of millions to become part of a historic movement, the likes of which the world has never seen before.

At the center of this movement is a crucial conviction that a nation exists to serve its citizens. Americans want great schools for their children, safe neighborhoods for their families and good jobs for themselves.

These are just and reasonable demands of righteous people and a righteous public. But for too many of our citizens, a different reality exists.

Mothers and children trapped in poverty in our inner cities, rusted out factories scattered like tombstones across the landscape of our nation.

An education system flush with cash but which leaves our young and beautiful students deprived of all knowledge.

And the crime and the gangs and the drugs that have stolen too many lives and robbed our country of so much unrealized potential. This American carnage stops right here and stops right now.

We are one nation, and their pain is our pain.

Their dreams are our dreams, and their success will be our success. We share one heart, one home and one glorious destiny.

The oath of office I take today is an oath of allegiance to all Americans.

For many decades we’ve enriched foreign industry at the expense of American industry, subsidized the armies of other countries while allowing for the very sad depletion of our military.

We’ve defended other nations’ borders while refusing to defend our own. And we’ve spent trillions and trillions of dollars overseas while America’s infrastructure has fallen into disrepair and decay.

We’ve made other countries rich while the wealth, strength and confidence of our country has dissipated over the horizon.

One by one, the factories shuttered and left our shores with not even a thought about the millions and millions of American workers that were left behind.

The wealth of our middle class has been ripped from their homes and then redistributed all across the world. But that is the past, and now we are looking only to the future.

But that is the past and now we are looking only to the future.

We assembled here today are issuing a new decree to be heard in every city, in every foreign capital and in every hall of power. From this day forward, a new vision will govern our land. From this day forward, it’s going to be only America first — America first.

Every decision on trade, on taxes, on immigration, on foreign affairs will be made to benefit American workers and American families. We must protect our borders from the ravages of other countries making our products, stealing our companies and destroying our jobs.

Protection will lead to great prosperity and strength. I will fight for you with every breath in my body. And I will never, ever let you down.

America will start winning again, winning like never before.

We will bring back our jobs. We will bring back our borders. We will bring back our wealth, and we will bring back our dreams. We will build new roads and highways and bridges and airports and tunnels and railways all across our wonderful nation. We will get our people off of welfare and back to work rebuilding our country with American hands and American labor. We will follow two simple rules — buy American and hire American.

We will seek friendship and goodwill with the nations of the world.

But we do so with the understanding that it is the right of all nations to put their own interests first. We do not seek to impose our way of life on anyone but rather to let it shine as an example. We will shine for everyone to follow.

We will reinforce old alliances and form new ones. And unite the civilized world against radical Islamic terrorism, which we will eradicate completely from the face of the earth.

At the bedrock of our politics will be a total allegiance to the United States of America and through our loyalty to our country, we will rediscover our loyalty to each other. When you open your heart to patriotism, there is no room for prejudice.

The Bible tells us how good and pleasant it is when God’s people live together in unity. We must speak our minds openly, debate our disagreement honestly but always pursue solidarity. When America is united, America is totally unstoppable.

There should be no fear. We are protected, and we will always be protected. We will be protected by the great men and women of our military and law enforcement. And most importantly, we will be protected by God.

Finally, we must think big and dream even bigger. In America, we understand that a nation is only living as long as it is striving. We will no longer accept politicians who are all talk and no action, constantly complaining but never doing anything about it. The time for empty talk is over. Now arrives the hour of action.

Do not allow anyone to tell you that it cannot be done. No challenge can match the heart and fight and spirit of America. We will not fail. Our country will thrive and prosper again. We stand at the birth of a new millennium, ready to unlock the mysteries of space, to free the earth from the miseries of disease and to harness the energies, industries and technologies of tomorrow. A new national pride will stir ourselves, lift our sights and heal our divisions. It’s time to remember that old wisdom our soldiers will never forget — that whether we are black or brown or white, we all bleed the same red blood of patriots.

We all enjoy the same glorious freedoms, and we all salute the same great American flag.

And whether a child is born in the urban sprawl of Detroit or the windswept plains of Nebraska, they look up at the same night sky, they fill their heart with the same dreams and they are infused with the breath of life by the same Almighty Creator.

So to all Americans in every city near and far, small and large, from mountain to mountain, from ocean to ocean, hear these words — you will never be ignored again.

Your voice, your hopes and your dreams will define our American destiny. And your courage and goodness and love will forever guide us along the way. Together, we will make America strong again. We will make America wealthy again. We will make America proud again. We will make America safe again. And yes, together, we will make America great again.

Thank you, God bless you, and God bless America.

Thank you!

God bless you!

And God bless America.

Refinancing America’s Debt with a New Exchange Rate Regime

The SDR will provide the Bridge
from the USD to the BANCOR

For some readers, there is little doubt that the world now stands on the eve of fundamental change. Everything the Philosophy of Metrics news and I have been blogging about since my extensive work in Sacramento during 2013 about the building of a global multilateral monetary framework and its machinations will soon emerge on the world stage in response to the policy mandates of the Trump administration and its negotiations with the rest of the world.

This all started back in 2010 when the United Nations and China both began calling for the wider implementation of the Special Drawing Right (SDR) in an international reserve asset capacity. Such an expanded role for the SDR would facilitate a reduction of the imbalances which have developed over the last seven decades with the use of the US dollar in this international role.

But shifting the gears of the whole world doesn’t happen overnight and contrary to what some speculators on the Internet would have many to believe, no one nation or group of nations is willing to overturn the apple cart and destroy their own domestic economies just to spite the US and the dollar. Such suggestions are an absurdity and should not be taken serious.

Howerver, what has been happening is the slow behind the scenes framework building which is meant to provide the gates and channels for large sums of wealth to travel through when it begins to shift.  Some writers refer to this slow process as a Global Currency Reset (GCR), and when the financial doors are unlocked and the exchange flow begins then things will progress with a greater steady pace. The pre-planned and designed mechanisms of SDR substitution accounts and sovereign debt restructuring mechanisms will provide the main routes of escape from the current threats of the existing systemic imbalances caused by the “Petro” Dollar (USD).

The broader use of the Chinese renminbi in international bond issuance and the first issuance of SDR denominated bonds which took place last year are the first indicators that this shift is taking place. The delayed implementation of the 2010 Quota and Governance Reforms within the IMF and the inclusion of the RMB in the SDR composition were the foreshadowing events which revealed the path forward.

Although Trump has not yet mentioned the SDR directly, do not doubt for one second that these preplanned mechanisms will not be used to “renegotiate” America’s sovereign debt, as Trump has suggested he would do. That one statement, by Trump, was the dead giveaway that this multilateral alignment was indeed taking place through the rise of a new modern nationalism as previously discussed in an earlier blog post.

In the quest to “Make America Great Again” the concept of “discounting” or “refinancing” US Treasuries which have already been issued would be sold as what is best for the American people. The strengthening dollar is putting so much strain on the world’s monetary system and the economies of emerging nations, most of whom hold a large percentage of America’s debt, such as China, that it puts the United States and the Trump administration in a great negotiating position regarding debt.

Remember, the goal is in fact to reduce and eliminate the accumulation of USD denominated assets in the foreign exchange reserve accounts of the central banks around the world as the movement towards the SDR system takes place. This is the debt Trump is talking about. The Federal Reserve is the largest domestic holder of debt while China is the largest foreign holder of US debt. Between these two entities the mechanisms discussed above, such as substitution accounts and sovereign debt restructuring mechanisms, can be used to achieve a “refinancing” or “discounting” of America’s debt.

This is not conspiracy or make believe. These strategies exist and will be used in the coming months and years.

But the other aspects of any negotiations will include the exchange rate arrangements which are currently maintained between other nations and the US dollar. Trump has already suggested that he will name China a “currency manipulator” and is pre-positioning other bargaining pieces in preparation for the forthcoming negotiations. Events around Taiwan and the South China Sea should be considered preparation from both sides on these negotiations. Trump has been poking China already with the telephone conversation with the President of Taiwan and suggesting that he may not accept the one China policy.

Take nothing for granted and make no assumptions is the Trump starting point. Don’t assume anything is off the table before we sit down and start negotiating. That is the message he is sending to the Chinese and others around the world.

The strength of the dollar right now only enhances that position.

The full hand has not yet been seen or played. Far from it. Those who have suggested that the dollar was dead and the world economy would collapse under a mountain of debt have not considered the multilateral machinations which we have been reviewing for three years. The quickness which some of the above happens will leave many stunned and confused about their long held beliefs regarding sound monetary principles.

Those who have suggested the SDR was an invalid and unworkable monetary concept have not considered that the USD was the secondary piece leading up to the Bretton Woods Conference in 1944. The world currency suggest by John Maynard Keynes called the bancor was the key which was meant to move the world forward towards monetary consolidation. That was usurped by the dollar and the true world currency was delayed. The USD served its purpose in the international capacity but it is now time for something else to take its place as reserve asset. The SDR will provide the bridge from the dollar to the bancor.

This will be sold and packaged to the American people and the world as Trump’s new modern nationalism. A strong USD is no longer beneficial to America or the rest of the world. Consider that. No one wants a strong dollar. It caused imbalances and slows American exports (reduced jobs) and causes imports to flow into the country (increases personal debt and consumerism) while putting deep strains on nations holding large amounts of US debt.

This strain on other nations comes predominately from the pressure exerted on the domestic currency of those nations as they attempt to maintain an exchange rate arrangement with the dollar by depreciating their own. This is not sustainable and will be a major aspect of any debt and monetary negotiations which will take place.

The USD will be devalued against these other currencies through multiple means. But such a devaluation should not cause fear or concern. It will benefit Americans and the rest of the world in the long run. Both global growth and American growth has been stagnant for many years because of these imbalances. This will be corrected soon.

Tavis Smiley interviews Oliver Stone regarding the film: SNOWDEN

Tonight, a conversation with award-winning filmmaker, Oliver Stone. The DVD and Blu-ray release of his film, “Snowden”, comes out December 27 and there’s also a new book out about his work. It’s called “The Oliver Stone Experience”. We’ll talk about that and much more tonight with filmmaker, Oliver Stone.

Tavis: Pleased to welcome award-winning director, Oliver Stone, back to this program. His latest project is called “Snowden”, which releases December 27 on DVD and on Blu-ray.

There is also a wonderful and very heavy coffee table book called “The Oliver Stone Experience”, which delves into his film work over the years. We’ll get to this later in the program. Before we start our conversation, though, with Oliver Stone, first a clip from “Snowden”.

[Clip]

Tavis: You buy that? You believe that? That secrecy is security and security is victory?

Oliver Stone: No, Tavis. He buys it and that is an argument that the national security people always make, that we are running an empire basically since World War II that has gotten so big and it’s so vast. And we have to know everything in order to preserve it and to maintain it. That’s basically the argument. We have to know everything.

Tavis: Yeah. What do you make of that argument?

Stone: Well, it stems from the film. “Snowden” is–you know, I got into this issue when, you remember, he broke the news in June of 2013. That was pretty stunning stuff.

It was evidence finally that the national security agency had gone way beyond its mandate and it was collecting information not just on American citizens, but on everybody in the world, on corporations, on banks, on governments, on people that it was interested in. It’s a vast operation beyond any comprehension.

Most people were really shocked. I was. Then I got into it with Ed. I went to Moscow and I met him, made many trips. And he told us more and more. He didn’t warm up right away. He was very cautious and he told us more over these nine visits over about a year.

And what happens is that, you see, he and I both agree. I mean, a lot of people agree that, if you really are fighting terrorism which was the original excuse given for this, you have to have selected targeting, which is to concentrate on the terrorist and his people around him, and they’re all findable.

Usually, we have a pretty good trace on them and you use human intelligence, you use signals intelligence. You know, we tracked a lot of the phone numbers of the people at 9/11. We had that before.

This is all true, but we have to really concentrate on that amount of targeting and focus on that and have the agencies communicate with each other. The FBI, the NSA, the CIA don’t communicate. And even though we add more intelligence agencies, the communication is not really working that well.

So here we are in this situation where we’re getting so much information that, in a sense, it’s so vast for our computers—although we build bigger and bigger computers, you know, I’m hearing stories now about new types of computers, you know, quantum computers and stuff like this—it’s getting out of hand. I mean, no one knows what’s going on in the world.

And the movie that we just picked is not only about surveillance. It’s also about cyberterrorism, cyberwarfare which is a new form of warfare which, I mean, Americans don’t know anything about, as well as drone warfare which comes from data mining.

Tavis: I don’t need to ask you, but I’m going somewhere with this, so stay with me. I don’t need to ask you whether you think that Edward Snowden is a traitor or a patriot. I think your views on that are pretty clear. But there are people whose views on Edward Snowden have changed over the years and there are other persons whose views have not changed. I want to talk about a couple of different people in those various categories and get your take on it.

Let me start with former Attorney General Eric Holder who was once a staunch critic of Edward Snowden and has said on the record since then that he does think that Snowden provided a public service. That’s his phrase, that he did provide a public service. You think it was a public service?

Stone: I do, I do. You know, Mr. Snowden, he always gave his motivations. He said, “I’m giving this information responsibly to journalists who’ve reported on this and it’s up to them to propagate what they think is in the interests of the American people.”

He always said that. He never veered from that story. He didn’t make any money off of this. I don’t know of any traitor who gives information away for free. He’s maintained that from the beginning, from the first time he met them in June until now. So the profit motive is out.

People who’ve actually seen this movie, actually seen it, have said, well, I’ve changed my mind on Snowden and I really think he should be pardoned or he should be brought back to the United States and given a minimal sentence for breaking the law. He always said, “I’m breaking this law in the service of a higher law” which is what Martin Luther King said.

Tavis: Absolutely.

Stone: You have to sometimes ruffle the…

Tavis: An unjust law is no law at all, yeah.

Stone: Not only that, I mean, it was just–he was shocked because he’s a bit of a boy scout in that way. He was very pure. He was a Libertarian, Conservative, Army family background. After he’d been in the NSA for a few years, he was surprised at just the crossing of barriers into personal lives every day that we were doing this and not questioning it.

It’s against the Constitution. You have to have reasonable cause to survey somebody, reasonable cause. There was no reasonable cause given and, especially when you take on the whole population of the United States, we’re not terrorists.

Tavis: I want to come back to Snowden’s politics in just a second because it’s a fascinating part of the journey that you took. But I want to stick with this point I made a moment ago of quoting a couple of other people who have their own thoughts about Edward Snowden.

So I mentioned Eric Holder and how he started to change on his view of Edward Snowden, it would appear, from the quote that I referenced a moment ago.

Now Congressman Mike Pompeo who Donald Trump, as you know, has picked to be the head of the CIA–I wrote this down. I wanted to make sure I quoted him correctly–has referred to Edward Snowden–this is a quote–“the traitor, Edward Snowden–that’s how he refers to him–“as the traitor, Edward Snowden”.

This is the guy who would run the CIA if approved by the Senate, nominated by Mr. Trump, and he has called for Edward Snowden to be executed. So what do you make of the guy that may run the CIA who has heretofore at least called for Edward Snowden, the traitor, to be executed?

Stone: Well, you’re jumping way ahead of me here. The movie was based on the idea that you would see it, you know, that this Congressman might see it, but they don’t even give it any thought. They have an ideological stance on it and you’re saying he’s preset, he should be executed. Trump said the same thing at one point a few years ago.

You know, life is much more complicated than that and you should be able to change your views as you go through life. This fellow presumably will get appointed to the CIA. He’s also advocating Guantanamo opening again, more prisoners, and also torture, he seems to be fine with torture.

So it’s all going in one direction which is pretty rigid. It’s another America. It’s going back to the dark side of Mr. Cheney, Dick Cheney.

Tavis: President Obama was asked just on Friday about Edward Snowden, as you probably already know. Certainly Oliver Stone knows this.

Stone: No, I didn’t know.

Tavis: There is a big movement afoot and I suspect it’s going to grow in the coming weeks to press President Obama to pardon Edward Snowden before he leaves office–don’t laugh–but there’s going to be a huge press for him to do that before he leaves office.

President Obama was asked about this on Friday and this is a direct quote. “I can’t pardon somebody who hasn’t gone before a court and presented themselves, so that’s not something I would comment on at this point.” That’s President Obama on Friday when asked about whether he would pardon Edward Snowden.

I guess the question is whether you think there is any chance that Barack Obama, before he leaves the White House, would pardon Edward Snowden?

Stone: I wish he would or at least pre-pardon him, you know. I mean, make the condition such that he could be pardoned. No, it’d be the merciful thing to do and a graceful thing for him. I mean, he’s done many good things, but he hasn’t changed the system, the surveillance system at all. We’ve maintained a war state. We’re still very much in this kind of neoconservative lock that we fell into with George Bush.

So I have not seen that sense of pardon in him. He’s a tough man, Obama. I’ve lost a lot of respect. I thought the 2008 election was going to be a different movement. We’re gonna get rid of this madness that we’re living in and I’m very disappointed.

But I do think he’s done some good things. He hasn’t pressed the war in Syria to the place where it could have been suicidal for us as well as the Syrians. But Hillary Clinton, on the other hand, was of another nature and I think she was much tougher than Obama. Obama’s regarded as weak by Trump, so I worry about that.

You know, he wasn’t weak. If you have a powerful country such as we have, the most powerful in the world, you have to learn the power of soft power. You have to be forgiving and you can’t always seek enemies in the world. And this is what I fear is what’s going to happen in this new administration.

Tavis: How do you juxtapose his conservative politics with what he actually did? Because when you get a chance to see the film and read more about this guy, you see that his politics have been a bit conservative.

Stone: He was, yeah. He came from a southern family, two generations of FBI and military. He expressed those opinions when he was young and they’re in the movie, some of them. He was definitely pro Iraq War. He signed up for the military. He went in and he had a fragile body. He broke his legs, not a major break, but it was enough to keep him out.

Then he went over and volunteered for the CIA and he got in because he was quite good on a computer, very smart young man. And, basically, once he got in, he did his job very well except he was posted in Geneva, he was posted in Maryland, he was posted in Japan where he learned a lot about cyberterrorism, and then he moved on to Hawaii.

So he became more valuable as he went. One of the programs he built was Epic Shelter, which was used as a backup program which is very helpful to our global presence. But at the same time, he got more leeway.

He was a contractor essentially for the NSA at the end. And in Hawaii, he was able to access cyber offensive operations as well as defensive operations. He was covering China and Pakistan. But he knows a lot about cyberwarfare and a lot about drone warfare.

So what he was seeing, we were putting these offensive capabilities to use. We were hacking a lot of different places. As you may not remember, because it’s been sort of covered up in history, in 2009, Obama launched the Stuxnet virus against Iran. It was not discovered, I believe, until June or so of the following year, 2010.

But the deal was Obama was told by his “intelligence” people that this Stuxnet virus would not go beyond the borders of Iran and it would end where it ended, and would never be traced to the United States or Israel, who are its originators.

All three things turned out to be wrong. The virus did limited damage in Iran. They rebuilt those reactors and then, on top of that, it moved on into other countries and it could not be stopped for a while. And it was traced ultimately with a lot of research to the United States and Israel. So, I mean, we launched a warlike device which is a form of cyberwarfare in Iran in 2009, and we were doing it since 2006, I’m told.

There were earlier prototypes of Stuxnet, but they weren’t working. So in 2009, we essentially declared a new form of warfare and said here we are, and we thought we’d hide it, but we couldn’t. Other countries figured it out and they started to copy us.

In fact, Russia was soon behind us as well as China is very good at it. They’re smart. There’s a lot of independent hackers in the world that are very like Dr. No’s. They operate on their own and they can do enormous damage.

And as a result, we have all kinds of accusations about cyberwarfare going on. You heard a lot during the election campaign and many of them were silly and really out of hand, based on a sort of McCarthy-like fear of Russia or China.

So we’re in a mess right now. We need a cyber treaty between countries. We really have to sit down and renegotiate this thing because no one knows what–as Snowden says, surveillance is in freefall. I mean, no one knows what’s happening.

Tavis: Is Trump the right person to hit the reset button with Russia, since you referenced it? And what does that look like, do you think?

Stone: I really hope so, because if I had one beef, the major obstacle I had with Ms. Clinton, what I’m most scared of her, was this Russia situation. She was certainly pressing the Russia button making accusations about their cyberwarfare influencing the election and so forth and so on.

It was, I thought, outrageous claims and she should have not made them because she had a short rope to hang herself with…

Tavis: Or put the evidence out.

Stone: Yeah. There was no evidence either.

Tavis: Either/or, I mean, yeah.

Stone: In fact, a lot of people I know in the intelligence world—you can reference James Bamford. He’s written a lot about the National Security Agency–do think it’s probably an insider at the Democratic National Committee that was upset about the bad things that the officers were doing there.

They were trying to block Sanders. They were also selling ambassadorships. Four major officials resigned, you know. They were in some way implicit in this thing. One was a treasurer too.

So these were not mild accusations. These were serious accusations of malfeasance against officials. In other words, Ms. Clinton–well, going back to your original question on Trump. God, I hope so. You know, if there’s one good…

Tavis: The Trump-Putin relationship, friendship, whatever it is, doesn’t scare you?

Stone: No, it doesn’t scare me at all because–I mean, you’re asking me several questions here. No, Russia has not behaved aggressively towards the United States, believe it or not. It’s been the United States has been behaving very aggressively towards Russia for many years. This has been going on since we expanded NATO.

I don’t know if you remember, we had Gorbachev and Baker back in the 90s agreed that NATO would not expand eastward. Well, we’ve expanded to 13 countries. The first Clinton, then Bush, and then Obama, three presidents have expanded NATO to the east. There’s no reason to have that organization which is a defensive organization made after World War II still existing.

Tavis: Of course, the NATO argument, as you well know–I’m telling you stuff you already know–the NATO argument is that if we don’t expand particularly in that region of the world, then Putin runs amok.

Stone: But he hasn’t run amok. He has not run amok. Contrary, if you look at the figures, Russia’s been shrinking. They lost 21 million Russians in the 1990s. They were cut off from Russia. He has never expressed an interest in revitalizing that empire.

He is trying to keep his land mass complete and, if you look at the history of NATO which is taking it right to the border and looking at the hostility of his neighbors, looking at the abrogation in 2002, George Bush unilaterally revoked the ABM Treaty which we had signed with Russia.

Nixon and Brezhnev had signed it in 1972. That’s a big treaty, Anti-Ballistic Missile Treaty. He just said it’s off the table. So how can the United States be trusted if it breaks treaties like this? There’s been a lot of provocation to Russia in many ways.

And because the United States has been very concerned about the Eurasian-Chinese unification sort of, the idea of a big economic bloc emerging from Eurasia with China, China is the biggest economic power in the world besides us. But Russia has 10%. As Julian Assange has said, Russia has 10% of our domestic economy. They don’t have anything like it. They’re a smaller country.

They’re like a European country and they have a smaller military, but they have an effective military. They spend–what is it–20% of our spending on defense. There’s no evidence that Russia is trying to be something bigger than it is. They’re trying to stay alive is what I’m trying to say.

Tavis: Let me circle back to the film. There have been award-winning documentaries that come to mind about Edward Snowden. What were the challenges or the reasons, the rationale, for your interest in wanting to do it as a feature film?

Stone: Because when I heard the story from Snowden, it was inside information. No one had ever written or done anything about the National Security Agency with realism yet. There’s been very few books written on it. Bamford is one of them, James Bamford. But getting inside the dialog, the mindset, the sets, the way they look, this is crucial stuff. We went on Ed’s story and it is his story, his point of view.

There has been no convincing counter story from the National. Security Agency blaming him. He is what he is. He’s a smart young man who worked his way up through the NSA where he saw these horrible things going on and he said, “Let the public decide.”

Well, the public, unfortunately, did not understand it because that story broke in 2013 and there’s been no reaction. We’re still in this state we’re in. There were some mild reforms, yes, but essentially he brought–I think we have accepted the fact that the government is a global surveillance state.

We accept it, but we don’t understand the implications of that. And that’s what I’m trying to say to you. We have gathered more data than any single person. We’ve tapped everybody.

We have 22,000 miles up in space. We have satellites with antenna on them as big as the Eiffel Tower listening in on everything. So let’s say we have a coups recently in Brazil. Dilma Rousseff is removed from office. She was a leftist. She was the inheritor of Lula’s Workers’ Party.

I think it was an interesting story about why she was removed with what information. Because we were tapping Petrobras, which is the oil company of Brazil, as we were tapping a lot of the companies in Venezuela and so forth.

So we gave information maybe to the opposition party and they used that to bring all kinds of corruption charges against her. That’s a possibility. So you get a lot of pressure from this information. You can create coup d’états.

In Ukraine, there was a tremendous amount of help form the United States giving to the Ukrainian government which overthrew, again, its president who was democratically elected, overthrew him, instead of waiting for another election.

So if we keep promoting regime change, as Hillary Clinton has said, in these countries, Iraq, Libya, Syria, Ukraine, Turkey maybe–we tried a month or two ago. There was a big coups in Turkey that came very close–Brazil.

I’m saying these are significant changes in countries and we don’t have that right. It seems to me that we are using this power we have to listen in on everybody to promote the agenda we want.

Now what is the agenda? We’ve never argued this with the public. We’ve never debated what should the United States be doing? Should we be going around the world policing it? Demanding regime change when we don’t like a leader? This has happened since 1940s. It’s been going on.

We’ve had at least 100 changes of government that we’ve been involved in. Is this the right role for the U.S.? If we are really out for the United States, if we think about America first, to use Trump’s quote, which is important, I suppose, to say, look, let’s think about America.

What’s good for our health? It’s not changing regimes around the world because they’re not going to attack us. We’re pretty mighty, as it is. Let me finish my point. The idea is that, if we’re America first, let’s concentrate on America. Let’s build up the infrastructure here, and that’s one good thing he said.

Horrible things he said, but one good thing was let’s try to build up this American infrastructure. Let’s put the jobs here. Now he may not succeed, but we can sure build our bridges and roads and try to re-ignite our country economically. We know we’re sagging. We feel it.

Tavis: Whether Mike Pompeo, the future head of the CIA, or just an everyday American, sees this film, what is it about the film that will get them to reconsider their view of him if they take his…

Stone: You know, a film operates in a dramatic level. It’s…

Tavis: It’s powerful.

Stone: It’s human. It makes the human. You understand his story. The public didn’t understand Snowden in 2013. He thought he was–he’s a guy who gave away secrets. That makes him a bad guy in American parlance, but if you look into why he did it and what his life was like and look at his girlfriend, his relationship, he stayed human.

There was a part of him that was honest and pure, and I think we appeal to that in the American people and they will see why he did it. Many Americans would do the same thing if they could. The thing is, he had the courage at 29 years old.

At 29, imagine what you were like at 29. To walk away from the money, the job, the girlfriend? He had a beautiful life in Maryland, but he said no. My conscience is my guide and he lived up to it.

Tavis: This book is not by you, but it is about you. Tell me about “The Oliver Stone Experience”.

Stone: Well, I happen to like it [laugh]. Matt Seitz is a television critic for New York Magazine and he’s written about film extensively, loves film. He’s a man who’s not harshly judgmental, to put it that way, and he’s a very sweet man. He’s a good writer and he’s written about films and this is five years of his work.

He put it out and I gave him access to my files. He went through them. He used what he wanted. There was no negatives. I didn’t put any conditions on it, and this is what he wrote. Some of it, I agree with, some of it I don’t, but I think it’s interesting because, if you’re interested in any particular film I’ve done over those 20 films over, whatever, 25 years, it’s there.

Tavis: It’s called “The Oliver Stone Experience”, as he just said, analyzing his 20 films over this period. And the movie, “Snowden”, by Oliver Stone on Blu-ray and DVD December 27, if you want to have a copy in your personal library. Oliver Stone, always good to have you on the program, sir. Thanks for coming to see us.

Stone: My pleasure. That was fast.

Tavis: Always. You got so much to say, which is why we want you on.

Stone: Did we actually last for 24?

Tavis: We lasted. We got through it.

Stone: Really?

Tavis: Yes. That’s our show for tonight [laugh]. Thanks for watching…  And, as always, keep the faith.

 

Paraprosdokians

First time I heard about Paraprosdokians, I liked them.

Paraprosdokian is a derivative of a Greek word, which means beyond expectation. It is a wordplay type of literary device. Its final part of a phrase or sentence is unexpected. Its unexpected or surprised shift in meaning appears at the end of a stanza, series, sentence or paragraph.  So, paraprosdokians are figures of speech in which the latter part of a sentence or phrase is surprising or unexpected and is frequently humorous.

(Winston Churchill loved them)
  1. Where there’s a will, I want to be in it.
  2. The last thing I want to do is hurt you … but it’s still on my list.
  3. Since light travels faster than sound, some people appear bright until you hear them speak.
  4. If I agreed with you, we’d both be wrong.
  5. We never really grow up — we only learn how to act in public.
  6. War does not determine who is right, only who is left.
  7. Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad.
  8. To steal ideas from one person is plagiarism. To steal from many is research.
  9. I didn’t say it was your fault, I said I was blaming you.
  10. In filling out an application, where it says, “In case of emergency, notify… ” I answered ” a doctor.”
  11. Women will never be equal to men until they can walk down the street with a bald head and a beer gut, and still think they are sexy.
  12. You do not need a parachute to skydive. You only need a parachute to skydive twice.
  13. I used to be indecisive, but now I’m not so sure.
  14. To be sure of hitting the target, shoot first and call whatever you hit the target.
  15. Going to church doesn’t make you a Christian, any more than standing in a garage makes you a car.
  16. You’re never too old to learn something stupid.
  17. I’m supposed to respect my elders, but it’s getting harder and harder for me to find one now.  Sadly this is true!!!

So…..
Spread the laughter, share the cheer, let’s be happy, while we’re here.

Can You Relate: Everything That Kills Me Makes Me Feel Alive

Counting Stars

OneRepublic

Lately, I’ve been, I’ve been losing sleep
Dreaming about the things that we could be
But baby, I’ve been, I’ve been praying hard
Said no more counting dollars
We’ll be counting stars

Yeah we’ll be counting stars
I see this life, like a swinging vine
Swing my heart across the line
And in my face is flashing signs
Seek it out and ye’ shall find
Old, but I’m not that old
Young, but I’m not that bold
And I don’t think the world is sold
On just doing what we’re told
I-I-I-I feel something so right
Doing the wrong thing
I-I-I-I feel something so wrong
Doing the right thing
I couldn’t lie, couldn’t lie, couldn’t lie
Everything that kills me makes me feel alive

Lately, I’ve been, I’ve been losing sleep
Dreaming about the things that we could be
But baby, I’ve been, I’ve been praying hard
Said no more counting dollars
We’ll be counting stars

Lately, I’ve been, I’ve been losing sleep
Dreaming about the things that we could be
But baby, I’ve been, I’ve been praying hard
Said no more counting dollars
We’ll be, we’ll be counting stars

I feel the love and I feel it burn
Down this river, every turn
Hope is our four-letter word
Make that money, watch it burn
Old, but I’m not that old
Young, but I’m not that bold
And I don’t think the world is sold
On just doing what we’re told
I-I-I-I feel something so wrong
Doing the right thing
I could lie, could lie, could lie
Everything that drowns me makes me wanna fly

Lately, I’ve been, I’ve been losing sleep
Dreaming about the things that we could be
But baby, I’ve been, I’ve been praying hard
Said no more counting dollars
We’ll be counting stars

Lately, I’ve been, I’ve been losing sleep
Dreaming about the things that we could be
But baby, I’ve been, I’ve been praying hard
Said no more counting dollars
We’ll be, we’ll be counting stars

Take that money
Watch it burn
Sink in the river
The lessons I’ve learned

Take that money
Watch it burn
Sink in the river
The lessons I’ve learned

Take that money
Watch it burn
Sink in the river
The lessons I’ve learned

Take that money
Watch it burn
Sink in the river
The lessons I’ve learned

Everything that kills me, makes feel alive…

Lately, I’ve been, I’ve been losing sleep
Dreaming about the things that we could be
But baby, I’ve been, I’ve been praying hard
Said no more counting dollars
We’ll be counting stars

Lately, I’ve been, I’ve been losing sleep
Dreaming about the things that we could be
But baby, I’ve been, I’ve been praying hard
Said no more counting dollars
We’ll be, we’ll be counting stars

Take that money
Watch it burn
Sink in the river
The lessons I’ve learned

Take that money
Watch it burn
Sink in the river
The lessons I’ve learned

Take that money
Watch it burn
Sink in the river
The lessons I’ve learned

Take that money
Watch it burn
Sink in the river
The lessons I’ve learned

Songwriters: Ryan Tedder
Counting Stars lyrics © Sony/ATV Music Publishing LLC

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