When The S*** Hits the Fan

Activist Faces #Extradition and 99-Year Sentence on #Hacking Charges

April 29, 2016 by michaela whitton

Michaela Whitton
April 28th, 2016

(ANTIMEDIA) United Kingdom — A British activist is fighting extradition to the U.S. after allegedly taking part in a hacktivist protest against the U.S. government. Accused of hacking into government websites — including those of the U.S Army, FBI, NASA and the privately-run Federal Reserve Bank — computer scientist Lauri Love now has three U.S. extradition requests with his name on them. Lawyers have warned he could face 99 years in jail.

First arrested in 2013 for alleged offences under the U.K.’s Computer Misuse Act, Love’s equipment was also seized. Britain’s National Crime Agency attempted to force him to hand over his encryption keys, but he refused to cooperate and was released on bail.

He was arrested again last year at the request of the U.S. government, which issued a number of indictments and corresponding extradition warrants. The FBI and Department of Justice accused Love of hacking into websites including the U.S. Army, NASA, the Federal Reserve and the Environmental Protection Agency. Operation Last Resort (#OpLastResort) was a series of online protests in 2013, which Anonymous hacktivists claimed responsibility for. The cyber attack followed the persecution and untimely death of Aaron Swartz and prompted the federal websites to demand legal reform.

Data protection expert Kevin Cahill has described Love’s case as unbelievably ironic, pointing out that the very same people seeking to extradite the political activist have been convicted of hacking in the U.K. “The United States government was convicted on October 6th of the criminal offence of interception of emails in the United Kingdom,” he told  RT’s Harry Fear.

What’s also ironic is that while Big Brother keeps a beady eye on all of us, the very same governments that classify hackers as criminals are secretly exploiting their expertise, according to documents provided by whistleblower Edward Snowden.

Just weeks away from his June hearing, Love remains on extradition bail and is required to sign on at a police station twice a week. Claiming he wants the court deciding his fate to be a British one, he says he has been informed the British authorities have no intention of charging him. “The U.S. government has attempted to fight a war against information transparency and hacktivism in general, and I’ve become swept up in that,”  said the 31-year-old activist, who has been described as one of the U.K’s most expert cyber-security scientists.

“I believe that if I am extradited to the U.S., my life is effectively over,” he added.

Love has Asperger’s Syndrome, as did British hacker Gary Mckinnon, who escaped U.S. extradition after a ten-year battle. Central to Mckinnon’s eventual win was the risk that his vulnerable health would decline during U.S. incarceration. Naomi Colvin, of the Courage Foundation, said Love’s case will be a vital test of whether the U.K.’s outdated extradition laws have changed since the Mckinnon case.

Tor Ekeland, Love’s lawyer, called the case a draconian and heavy-handed prosecution. Insisting the U.K. authorities are very much acting on behalf of the U.S., he said he fails to see what the major harm is. He added that while the U.S. has a particular “puritanical zeal”  in its punishment of hackers compared with other countries, it doesn’t do much to deter the real bad actors, which are usually nation states and criminal gangs.

“I don’t think I’ve committed any crimes,” Love said, before adding, “Whether I have done anything illegal is something that gets determined in court.”

The computer scientist’s extradition hearing is at the end of June, with a decision expected in July. You can read more about the case and show him support here.


This article (Activist Faces Extradition and 99-Year Sentence on Hacking Charges) is free and open source. You have permission to republish this article under a Creative Commons license with attribution to Michaela Whitton and theAntiMedia.org. Anti-Media Radio airs weeknights at 11pm Eastern/8pm Pacific. If you spot a typo, email edits@theantimedia.org.

 

From theantimedia.org Team

Filed Under: Uncategorized Tagged With: Activism, activist, britain, Civil Liberties, constitution, fbi, federal reserve, Hacker, Justice, lauri love, NASA, News, Technology, U.S Army, uk, Uncategorized, United Kingdom

Pay Attention To The #Economy Right Now, Because A Disturbing Series Of Events Seems To Be In Motion

April 20, 2016 by contributing author

theendisnear-wide

This article was written by Daisy Luther and originally published at her TheOrganicPrepper.ca site.

Editor’s Comment: Stability is paper thin, an illusion, a coyote over a cliff. The big banks on Wall Street have seized even greater power since the 2008 and collapse and are poised to consolidate the balance in the wake of the coming “third wave,” as Goldman Sachs recently warned in its own ominous statements.

For preppers, and anybody with a head on their shoulders, staying informed will mean staying ahead of the curve. The insiders at the top know the right moment to pull out their money, but the rest of us don’t. In the absence of privileged information, we can avoid the obvious traps, and hedge ourselves against some of the worst potential repercussions. But the truth is, this next wave could mean wipe out for tens of millions.

Economic Collapse? Fed Issues an Ominous Warning to JPMorgan Chase and Leaders Flock to Secret Meetings

by Daisy Luther

Tick. Tock.

Do you hear that? It’s the clock on the time bomb, and it appears to be ticking relentlessly toward our economic collapse.

It seems like every day, there is a new threat to the financial well-being of the disappearing middle class in America. Of course, less affected are the members of Congress and their buddies on Wall Street. You know, the ones that put the politicians in office to get favorable decisions made on their behalf in Washington.

But if you happen to have been ignoring the folks Obama calls “peddlers of fiction” who have been warning us all of an impending economic crisis along the lines of the last financial collapse, you might want to pay attention now, because a disturbing series of events is in motion.

First of all, the Fed just issued a terrifying warning to the biggest bank in the country.

Finally, the Fed has admitted that we just can’t take another hit without incurring an epic disaster.

And by “admitted” I mean they’ve issued a chilling warning to JP Morgan Chase, the biggest bank in America.

The letter is addressed to Teflon-coated Jamie Dimon, the leader of the bank (who seems to have made a deal with the Devil to become completely immune to prosecution, no matter what he does.)

It is 19 pages and heavily redacted, but here are some excerpts that should send a chill down your spine. The emphasis is mine.

The Agencies also identified a deficiency in the 2015 Plan regarding the criteria for a rational and less-complex legal entity structure. In order to substantially mitigate the risk that JPMC ‘s material financial distress and failure would have systemic effects, JPMC should ensure that its legal entity structure promotes resolvability under the preferred resolution strategy across a range of failure scenarios. Flexibility—or “optionality”—within the resolution strategy helps mitigate risks that, if not overcome, could otherwise undermine successful execution of the strategy and, more broadly, pose serious adverse effects to the financial stability of the United States.

Then there’s this:

These divestiture options do not appear to provide sufficient optionality under different market conditions.

The divestiture options in the 2015 Plan also were not sufficiently actionable, as the 2015 Plan sections fore did not contain detailed, tailored, and complete separability analyses. For example, only one obstacle to divestiture to the [redacted] key vendor contracts was adequately analyzed; the analysis of the other key obstacles cited regulatory approvals, client communications [redacted]

This is also concerning:

JPMC does not have an appropriate model and process for estimating and maintaining sufficient liquidity at, or readily available to, material entities in resolution (RLAP model). This is notable given J?MC’s liquidity profile in its 2015 Plan, which relies on the firm’s ability to shift substantial amounts of liquidity around the organization during stress, as needed. As explained below, JPMC’s liquidity profile is vulnerable to adverse actions by third parties.

Even without a degree in finance, I know this is bad:

JPMC’s 2015 Plan relied on roughly  of parent liquidity support being injected into various material entities, including its U.S. broker-dealers, during the period immediately preceding JPMC’s bankruptcy filing. This includes reliance on funds in foreign entities that may be subject to defensive ringfencing during a time of financial stress.

Here’s the long and the short of it:

Every year, large banks must create a contingency plan that explains what they’ll do if they begin to go under. The biggest bank in the country has such a lackluster, half-baked plan that the Fed called them out on it for 19 pages and warns that their nonchalance could be responsible for the financial instability of the entire country.

PS: Since this isn’t my first rodeo, I downloaded the entire PDF. It’s funny  how things have a way of disappearing off the internet when the mainstream media wants to ignore them.  You can download it yourself too at this link:

Living-Will-Letter-Issued-to-JPMorgan-Chase

JPMorgan Chase is not alone.

But they’re not the only ones.

Bank of America and Wells Fargo also saw their contingency plans rejected. Zero Hedge reports:

Three of the five largest U.S. banks (JPMorgan Chase, Bank of America and Wells Fargo) have now had their wind-down plans rejected by the Federal agency insuring bank deposits (FDIC) and the Federal agency (Federal Reserve) that secretly sluiced $13 trillion in rollover loans to the insolvent or teetering banks in the last epic crisis that continues to cripple the country’s economic growth prospects.

Are all three banks going down?

But that isn’t even the scariest part.

In case you think it’s just a normal day at the Fed…It isn’t just these warning letters that should make you pay attention. At the risk of sounding like I’m selling Ginsu knives, there’s more.

The Great Recession Blog posted a bullet list that should blow your mind when taken in conjunction with the news above. (Be sure to read the full article – it goes into a lot more detail.) It seems that there’s enough concern to spark a flurry of secret meetings among those in power.

  • The Federal Reserve Board of Governors just held an “expedited special meeting” on Monday in closed-door session.
  • The White House made an immediate announcement that the president was going to meet with Fed Chair Janet Yellen right after Monday’s special meeting and that Vice President Biden would be joining them.
  • The Federal Reserve very shortly posted an announcement of another expedited closed-door meeting for Tuesday for the specific purpose of “bank supervision.”
  • A G-20 meeting of finance ministers and central-bank heads starts in Washington, DC, on Tuesday, too, and continues through Wednesday.
  • Then on Thursday the World Bank and the International Monetary Fund meet in Washington.
  • The Federal Reserve Bank of Atlanta just revised US GDP growth for the first quarter to the precipice of recession at 0.1%.
  • US banks are widely expected this week to report their worst quarter financially since the start of the Great Recession.
  • The European Union’s new “bail-in” procedures for failing banks were employed for the first time with Austrian bank Heta Asset Resolution AG.
  • Italy’s minister of finance called an emergency meeting of Italian bankers to engage “last resort” measures for dealing with 360-billion euros of bad loans in banks that have only 50 billion in capital.

How does this affect you?

Maybe you think this won’t affect you. Maybe you don’t have an account with anyone affiliated with JP Morgan Chase, BofA, and Wells Fargo. Maybe you aren’t an investor. Maybe you don’t have real estate. Maybe you are absolutely certain, without a shadow of a doubt, that your job is secure. Perhaps you have money in the bank, or maybe not – maybe you keep it stuffed in your mattress.

The trouble is, the money you are working overtime to make, the security you feel that you have by saving it…it’s perceived value can be completely wiped out by a financial crisis that occurs on a national level. That’s because if a huge bank like JPMC fails, lots of other companies fail with it. Then this stuff happens:

  • Prices will go up. We’ve seen an almost unprecedented increase in the price of food over the past couple of years, even as the quality of the food available plummets. This is due to massive droughts, early freezes, and basic cost-of-living increases.
  • Unemployment will go up.  Those without jobs now are equal to the number of unemployed during The Great Depression. As the economy plummets, that number will almost certainly exceed the previous highs as businesses scramble to keep their heads above water. They’ll cut stuff to try and keep afloat, and if that fails, the jobs will be lost anyway.
  • Rents will increase.  If you don’t own your home, prepare to pay higher rent as landlords try to cover their losses of income in other sectors. Foreclosures will be on the rise, which means there will be fewer homes available.
  • Bail-ins could dip into your savings.  Remember a few years ago when depositors in Cyprus could do nothing when the banks there helped themselves to their savings in order to “save” themselves? Do you really, truly, think it can’t happen here?

The bottom line is, income will remain the same, decrease, or even disappear entirely for many of us.  Meanwhile, the price of darn near everything will go up.  Expect to pay more for things like keeping your utilities on, feeding and clothing your family, keeping a roof over your heads. Aside from that, those dollars you are carefully saving? They are only providing you with the illusion of security.

Aside from that, those dollars you are carefully saving? They are only providing you with the illusion of security.

Here’s what you need to do

Here’s what you need to do immediately in the event of either a market crash or further news of a bank failure. (Of course, if you wait until a bank failure has been announced, you may have waited too long.)

  • Take your money out of the bank ASAP.  If you still keep your money in the bank, go there and remove as much as you can while leaving in enough to pay your bills. Although it wasn’t a market collapse in Greece recently, the banks did close and limit ATM withdrawals.  People went for quite some time without being able to access their money, but were able to have a sense of normalcy by transferring money online to pay bills or using their debit cards to make purchases.  Get your cash out. You don’t want to be at the mercy of the banks.
  • Stock up on supplies.  Make sure you are prepped. If you’re behind on your preparedness efforts and need to do this quickly, you can order buckets of emergency food just to have some on hand. (Learn how to build an emergency food supply using freeze dried food HERE) Hit the grocery store or wholesale club and stock up there, too, on  your way home. As mentioned above, if you can’t get your money out, you may be able to make online or debit card purchases.
  • Load up on fuel.  Fill up your gas tank and fill your extra cans also. Quite often, fuel prices skyrocket in the wake of a market crash.
  • Be prepared for the potential of civil unrest. If the banks put a limit on withdrawals (or close like they did in Greece) you can look for some panic to occur. If the stores dramatically increase prices or close..more panic. Be armed and be prepared to stay safely at home. (Although this article was written during the Ferguson race riots, civil unrest follows a similar pattern regardless of the cause.)
  • Be prepared for the possibility of being unable to pay your bills. If things really go downhill, the middle class and those who are the working poor will be the most strongly affected, as they have been in Greece during that country’s ongoing financial crisis.  This article talks about surviving if you are unable to pay all of your bills.

For the long term, focus on information

Hopefully there’s no need to empty out your bank accounts, stock up on last minute supplies, or lock-and-load for home protection. However, if this is an actual 1929/2008-style stock market crash, you need to take your preps to the next level. If you can’t buy your necessities, you’re going to have to produce them, something that is a complete turnaround for most folks.

Information is the key. It’s imperative that you learn everything you can so that you know what you need to add to your preps. As well, it’s essential to acquire the knowledge you need to fend for yourself. Take these two steps, if you haven’t already.

#1.  Bookmark these preparedness websites. (Free)

The internet is a wonderful place, and best of all, this knowledge can be found for FREE! The more you know about crisis situations, the more ready you will be to face them. Some sites are friendlier to beginners than others, so if you stumble upon a forum where people seem less than enthusiastic about helping people who are just starting out, don’t let it get you down. Move on and find a site that makes you feel comfortable. Following are some of my favorites, and the link will take you to a good starting point on these sites. In no particular order:

Following are some of my favorites, and the link will take you to a good starting point on these sites. (Actually, it’s wise to begin increasing your knowledge even if we get a reprieve.) In no particular order:

  • The Organic Prepper (obviously!)
  • Backdoor Survival
  • Ready Nutrition 
  • Graywolf Survival
  • SHTFplan
  • Underground Medic
  • Survival Blog
  • The Survival Mom
  • Herbal Prepper
  • Prepper Website

#2.  Build your library. (Small expense)

This is where some money could come into play. Most of the time, people in the preparedness world like to have hard copies of important information. This way, if the power goes out and you can’t access the internet or recharge your Kindle, you still have access to vital advice.

Some of these books are for just such an event, while others are guides to building your self-reliance skills.  Commit to picking up a good book each pay period until you have a library to reference during any type of scenario.

  • The Prepper’s Blueprint: The Step-By-Step Guide To Help You Through Any Disaster (This is the be-all and end-all Bible of prepping.  I wish I could put my own book first, but Tess’s book is the most complete compendium out there, broken into easy, manageable steps.)
  • The Pantry Primer: A Prepper’s Guide to Whole Food on a Half-Price Budget (This is my newest book, which outlines building your pantry while on a strict budget)
  • The Complete Tightwad Gazette (While this book is about hardcore frugality, trust me, there’s crossover. There are a lot of great suggestions for creating stockpiles on a budget, living simply, and doing things the old-fashioned way. And saving money is always a good idea, so that you can use it to help you become more prepared.)
  • SAS Survival Guide: How to Survive in the Wild, on Land or Sea  (I keep this little gem in my vehicle, my bug out bag, and in my kids’ backpacks. It doesn’t go into lots of detail, but if you find yourself stranded in the middle of nowhere, this small book could save your life.)
  • The Encyclopedia of Country Living, 40th Anniversary Edition: The Original Manual of Living Off the Land & Doing It Yourself(A compendium of all things self-reliance)
  • Prepper’s Home Defense: Security Strategies to Protect Your Family by Any Means Necessary (If you can’t protect it, you don’t own it. It’s that simple.)
  • How to Survive the End of the World as We Know It: Tactics, Techniques, and Technologies for Uncertain Times (By James Wesley Rawles, who many consider to be the “Father” of the modern preparedness movement)
  • The Prepper’s Pocket Guide: 101 Easy Things You Can Do to Ready Your Home for a Disaster (Quick, inexpensive preparedness steps that anyone can take)
  • The Survival Medicine Handbook: A Guide for When Help is Not on the Way (It’s vital to have a guide on hand that doesn’t rely on 911 for serious injuries, in the event that you’re completely on your own)
  • The Organic Canner (It’s awesome to grow your food, but how will you make it last through the winter, particularly during an off-grid scenario?)
  • Prepper’s Natural Medicine: Written by my friend and colleague, Cat Ellis, this book has everything you need to know about creating your own medicine and caring for your family’s health in the event of a crisis.
  • Get Prepared Now: Written by the autor of The Economic Collapse Blog himself, this book will provide you with budget-friendly, practical, collapse-specific advice.
  • Prepper’s Financial Guide: By prolific author Jim Cobb, this book will help you figure out how to function in a post-collapse marketplace.

Be sure to check out used bookstores, libraries, and garage sales, too. Look for books that teach self-reliant skills like sewing, gardening, animal husbandry, carpentry, repair manuals, scratch cooking, and plant identification. You can often pick these up for pennies, and older books don’t rely on expensive new technology or tools for doing these tasks.

Have they finally kicked the can to the end of the road?

Things aren’t looking good. It makes me wonder if all of the quantitative easing and can-kicking has finally reached the point that they can’t push economic disaster back any further.


The Pantry Primer

Please feel free to share any information from this article in part or in full, giving credit to the author and including a link to The Organic Prepper and the following bio.

Daisy Luther is the author of The Pantry Primer: A Prepper’s Guide To Whole Food on a Half Price Budget.  Her website, The Organic Prepper, offers information on healthy prepping, including premium nutritional choices, general wellness and non-tech solutions. You can follow Daisy on Facebook and Twitter, and you can email her at daisy@theorganicprepper.ca


Also From Daisy Luther:

The Prepper’s Blueprint: A Step-By-Step Guide To Prepare For Any Disaster

Here’s How You’ll Die When the SHTF (and How to Prevent Your Untimely Demise)

How to Prepare for a Cyber Attack: ‘These Systems Could Be Completely Inoperable or Breached’

San Andreas for Preppers: 12 Essential Survival Lessons from the Movie

12 Bad Strategies That Will Get Preppers Killed

Lock and Load: Are You Prepared for Civil Unrest?

You’ve Been Warned: Why You Need to Be Ready for Total Grid Failure

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: Aftermath, banks, collapse, congress, Conspiracy Fact and Theory, derivatives, disaster, economy, epic, federal reserve, financial, frank dodd, stress test, wall street

Andrew #Jackson, Who Fought #CentralBank, Removed from $20 As “Public Concern for Liberty” Erased

April 19, 2016 by mac slavo

Andrew-Jackson-Wouldnt-Want-To-Be-On-The-20-Bill-Anyway

The War on Cash has many fronts.

The latest battle is for the face of the currency itself, and the central bankers, who control the front anyway, have imposed a symbolic defeat against the leaders in America’s past who have fought against the stranglehold of the money makers.

Naturally, there are liberal politics at play, fighting for every inch of ground in the war for ideological re-engineering. History is being whitewashed, various figures of antiquity rolling in their graves….

At stake is a dispute for the powers of government even better than the more famous duel between Aaron Burr and Alexander Hamilton, of whom we also speak.

The iconic $20 bill, with the face of President Andrew Jackson, and the $10 bill, with the face of the nation’s first Treasury Secretary, Alexander Hamilton, have long pitted two ideological extremes against each other as they pass along as some of the most used denominations in circulation.

But now, the money powers at the Treasury Department have decided that it is time to add a woman’s face to the money supply as well.

As such, the powers-that-bank have decided to oust Andrew Jackson from the line up, and with it, part of his legacy.

It will be “removed in favor of a female representing the struggle for racial equality,” according to CNN, while an early proposal to remove Alexander Hamilton’s bill will be scrapped, though the proposal includes a redesign on the backs of his and several other notes with scenes from the Woman’s Suffrage Movement, Susan B. and all the gals.

Treasury Secretary Jack Lew is expected to announce this week that Alexander Hamilton’s face will remain on the front of the $10 bill and a woman will replace Andrew Jackson on the face of the $20 bill, a senior government source told CNN on Saturday.

Dramatically, it seems that there was a backlash to counter the coup against Hamilton, including support from former Federal Reserve chairman Ben Bernanke:

The decision to make the historic change at the expense of Hamilton drew angry rebukes from fans of the former Treasury Secretary. The pro-Hamilton movement gained steam after the smash success of the hip-hop Broadway musical about his life this year.

 
Those pressures led Lew to determine that Hamilton should remain on the front of the bill.

And there’s a reason for Bernanke’s bias towards Hamilton.

Here’s the scoop from the Economic Policy Journal, who called it a “despicable decision”:

It was Hamilton, who from the early days of the nation clamored for a central bank and a strong interventionist federal government.

I have quoted Thomas DiLorenzo on the evil Hamilton before:

Hamilton was a compulsive statist who wanted to bring the corrupt British mercantilist system — the very system the American Revolution was fought to escape from — to America. He fought fiercely for his program of corporate welfare, protectionist tariffs, public debt, pervasive taxation, and a central bank run by politicians and their appointees out of the nation’s capital….

Hamilton complained to George Washington that “we need a government of more energy” and expressed disgust over “an excessive concern for liberty in public men”…

The Philadelphie Federal Reserve publication. A History of Central Banking in America, reports:

Alexander Hamilton, the first Secretary of the Treasury, urged Congress to also assume the war debts of the individual states and then create a national bank to help refinance all these debts. Hamilton’s proposal faced major opposition. Critics said that Hamilton’s bank was unconstitutional, would be a monopoly, and would reduce the power of the states. Although Hamilton won, the bank’s charter was limited to 20 years.

And that’s right where Andrew Jackson’s legacy with the banks picks up.

With the charter of the first “Bank of the United States” ending, Jackson was determined to stop the charter of the second “Bank of the United States” and famously stated:

“You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.” (Andrew Jackson, to a delegation of bankers discussing the recharter of the Second Bank of the United States, 1832)

President Jackson likened their agents to the hydra-beast, with its many heads, and even survived an assassination attempt, by staving off an attacker personally.

jackson-banks-vipers

The bankers, and the powerful families including the Rothschilds who supported it, wanted a “national bank” because they could load the board with “their” guys and outweigh the will of the people and the normal channels of government.

jackson-route-bankers-national-bank

Of course, the same exact state of affairs has been going on today for more than a century with the Federal Reserve, which is run by the successors to the same exact banking interests, including the still immensely-powerful Rothschild family.

The struggle is depicted well in “The Money Masters,” which spans several centuries of history with the threat of banking powers over individual sovereignty in stark contrast. To be sure, there is an important and nefarious plot afoot to ensnare you, your family and everyone on the block with debt.

There is a line, and you should figure out what side of it you’re going to be on.

Jackson narrowly succeeded in staving off banker domination of the U.S. during his day.

Of course, Andrew Jackson, who was the United States’ seventh president, was also a complete controversy his entire lifetime. It is no surprise that the same people who took down the Confederate flag from the South on the back of a mass shooting tragedy are now trying to tear down the image of a particularly controversial and intriguing figure from the American past.

Jackson was a recalcitrant and unyielding general and war hero, and later an outsider riding a wave of populist support into the White House, bringing in sometimes unscrupulous companions, and plenty of Masons. Many of his backers were diametrically opposed to the entrenched power of New York bankers and speculators, as well as patrician politicians who dominated the first phase of politics in the nation’s history. Jackson played a nasty role in the Trail of Tears affairs with Indians, too, and with the South and Western expansion of slave-friendly territories. Many shades of grey.

Meanwhile, behind the scenes in the founding days of this country, Alexander Hamilton, an advocate of strong central government, and maneuvered on behalf of his banker masters to collectivize the war debt from the states and create a central bank to control the financial strength of the country, and ingrain the early United States with the mindset of the British masters they had just fought to shake off.

After the creation of the Federal Reserve in 1913, and the crisis and consolidation of wealth during the Great Depression, and ever since the 2008 economic collapse, the rule by bankers has become a foregone conclusion, though there will be more chances to shake off their yoke of control. (BitCoin is one possible avenue; Congressionally-controlled greenbacks another; gold and silver yet another…)

Erasing Andrew Jackson from the faces of the fiat funny-money that is passed around by an increasingly ignorant and dependent society (which itself has adopted digital currency as the new norm) will further cut off the past from the masses, and ensure their enslavement.

Read more:

Americans Face Impoverishing War on Cash: “More Big Banks Are Shunning Cash”

As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away”

Action Star Jean-Claude Van Damme Calls Out Rockefeller/Rothschild Puppet Masters Who “Won’t Let Trump Win”

Too Big To Fail Is Now Bigger Than Ever Before

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: aaron burr, alexander hamilton, andrew jackson, Bank, ben bernanke, central bank, Conspiracy Fact and Theory, faces, federal reserve, founders, franklin, Headline News, history, jefferson, money, national bank, United States, washington, women

Former #IRS Agent Claims: “Personal Income Tax is Actually Illegal”

April 15, 2016 by mac slavo

irs-taxman

It is tax day again.

Chances are, you’re done with the dirty business this year, or laying low in hopes that you aren’t audited or flat out persecuted. If not, the clock is quickly ticking.

But it is worth pointing out once again the many ways in which the federal tax scheme in the United States is illegal.

Moreover, the spending by the Federal government and the role of the Federal Reserve in issuing money create overlapping levels of evil that have driven the American people into mere serfs – albeit with cool toys and great TV reception.

Former IRS Special Agent Joe Bannister explains to CNBC what he found out about the reality of the tax code:

Essentially, its many pages are a work of legal fiction, operating under ‘color of law’ and used to oppress the people, and separate established wealth from everyone else.

Bannister argues that by the books, the incomes of most Americans are not subject to the tax code, but the use of intimidation and nebulous code language has prevented the vast majority from discovering the truth.

In this vintage clip, then-Congressman Ron Paul argues that the 16th Amendment wasn’t properly ratified, leaving the 1913 “law” dubious at best.

Nonetheless, the use of intimidation and the custom of “death and taxes” has left millions and millions of people guilty until proven innocent, often labeled as “tax cheats” who are targeted without due process and with police state vengeance… now, they are attaining the power to revoke your passport if you don’t pay what they say you owe!

Will the American people ever be free from the burden of illegal taxation?

The late Aaron Russo, who produced several classic Hollywood films, put it all out in his documentary “America: Freedom vs. Fascism.”

If you haven’t seen it, Russo digs into the questions behind the questions and exposes the naked fraud that is holding America hostage.

This is a must see documentary… and one to share with friends and family while they still have the nation’s ridiculous and obscene tax burden on their minds.

Make no mistake – simply knowing about this information will not protect you. As Russo has noted, the system is very much like a mob. If you don’t pay, they might hurt you, fine you, penalize you or even jail you. But none of that makes it right, fair or legal.

April 15th should be a reminder of how little freedom is left in the nation that so-often prides itself on being the leader of the free world – but the last thing Washington would ever do is let people be.

Read more:

“Income Tax Is Government Theft” and IRS Is a Lawless Thief

Americans Pay More In Taxes Each Year Than “Food, Clothing, and Housing Combined”

Peter Schiff: Abolish Taxes Completely – April 1, 2009

The IRS Can Nix Your Right to Travel: “They Could Revoke Your Passport on Your Honeymoon”

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: american people, burden, code, Conspiracy Fact and Theory, death, federal reserve, Headline News, illegal, income, internal revenue service, irs, labor, loans, persecution, scheme, taxes, unfair

$3 #Trillion Black Hole Could Destroy Economy: “True Extent of #Pension Problem Has Been Obscured”

April 12, 2016 by mac slavo

global crisis

Yet another reason why taxes are going up,  cities and states are going broke, and the world is approaching financial implosion…

As if the world needed another dangerous and volatile factor in the mix of looming economic downturn.

Unfunded liabilities for pensions have been a problem for a while now, but as investors continue to face fleeting returns, many states and cities are facing the music… and when it stops, there won’t be enough money to go around.

Someone will lose their savings, their standard of living, their retirement and maybe their future. Others will be taxed to death to clean up the mess of the many places were the system is cracked, fissured and falling apart.

According to FT:

The US public pension system has developed a $3.4tn funding hole that will pile pressure on cities and states to cut spending or raise taxes to avoid Detroit-style bankruptcies.

[…] the collective funding shortfall of US public pension funds is three times larger than official figures showed, and is getting bigger.

Devin Nunes, a US Republican congressman, said: “It has been clear for years that many cities and states are critically underfunding their pension programmes and hiding the fiscal holes with accounting tricks.”

Mr Nunes…  added: “When these pension funds go insolvent, they will create problems so disastrous that the fund officials assume the federal government will have to bail them out.”

Large pension shortfalls have already played a role in driving several US cities, including Detroit in Michigan and San Bernardino in California, to file for bankruptcy. The fear is other cities will soon become insolvent due to the size of their pension deficits.

The inevitable result is, of course, tax increases and spending cuts – potentially on important and vital services.

Regardless, it is likely that many more governments will face bankruptcy and difficult choices… with the prevailing wisdom to kick the can down the road and pretend that funds will make extraordinary returns in the years to come despite continue misuse in schemes leveraging pensions in various funds and schemes….

Olivia Mitchell, a professor at the Wharton School at the University of Pennsylvania said: “I do believe that US cities and towns will continue to suffer, and there will be additional bankruptcies following the examples of Detroit,” she said.

[…]

Mr Rauh’s study claims the “true extent” of funding problems in US public pension system has been obscured because plans calculate both their costs and liabilities on the assumption they will achieve returns of between 7 and 8 per cent a year. The academic believes this rate is “wildly optimistic and unlikely to be achieved”.

In a perfect world, all this stuff would have been responsibly managed, and the returns would be modest and predictable.

But in the real world, pension managers have run with Wall Street sharks; they invest in derivatives together, and when things turn upside down (as they tend to do), it isn’t the fund manager who is out, but the diffuse and de-personalized millions have their retirement built into a dangerous system.

As negative interest rates are still trending, it is an atmosphere that ripe for disaster.

If you have your nest egg in a pension, it might be a good idea to take a look at your options for getting out… if you even can.

The problem is that so many are held captive by this financial system, and the lot of us will face the consequences, while the usual suspects head for the exits.

Read more:

Warning: You May Be Next: 400,000 People Just Had Their Pensions Cut By 50%: “Going to Happen To The Rest Of Pensions in the United States”

Swelling State Debt and “Pension Tidal Wave” May Engulf Economy

Here Comes the Pain: Detroit To “Significantly Cut Vested Pensions” For Retirees

Pension Fund Ultimatum: A Haircut Looks Better Than a Beheading

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: Commodities, Conspiracy Fact and Theory, economic, federal reserve, Headline News, investment, market, pension, pension funds, returns, unfunded liabilities

#Serfs! Americans Pay More In #Taxes Each Year Than “Food, Clothing, and Housing Combined”

April 7, 2016 by contributing author

taxman-cometh

This article was written by Joshua Krause and originally published at The Daily Sheeple.

Editor’s Comment: This tax season, as you settle your debt with Uncle Sam, remember that nothing else in life cost you as much as your contributions to the federal government – the expense of policies you quite possibly don’t agree with at all are taking up more of your financial capitol (or energy) than anything else!

In the current context, taxes do a great job at regulating individuals who might become independently wealthy, or seek to operate on the basis of unique ideas and hard work, and instead, gruelingly punish the average American, and mold him into a subservient and compliant member of the crowd who does and pays what he is told on punishment of retribution, fines and debtor’s prison for failure to pay one’s proper share.

Meanwhile, the monetary system itself operates on the basis of a parasite, sucking off interest from every Federal Reserve note issued, making all those living by the dollar also subjugated to the ultimate control of the banks. Each man a serf, happiest when he is consumed with iPhones and entertainment, and easily reformed, if he errs, through the punishments of greater taxes and greater scrutiny over his transactions and any possible means of personal advancement, enrichment or entrepreneurship.

You Probably Spend More On Taxes Than Food, Clothing, and Housing Combined

by Joshua Krause

Are you familiar with Tax Freedom Day? No, it isn’t the day after April 15th. According to the Tax Foundation, it’s the day of the year when the average American has earned enough money to pay for all the income taxes they will accumulate throughout the rest of the year. In 2016, that day will fall on April 24th. Or put another way, if you work during all 52 weeks of the year, more than 16 weeks of your labor are going to the IRS.

According to the Tax Foundation’s annual report, Americans are going to spend a total of $5 trillion on federal, state, and local taxes this year, which amounts to about 31% of our nation’s income. That’s almost $1 trillion more than we spend on food, clothing, and housing put together.

Tax Freedom Day happens to fall one day earlier this year than it did last year, but when you consider our government’s deficit spending, the day lands on May 10th. It also varies from state to state. Tax Freedom Day falls on May 21st in Connecticut, but arrives as soon as April 5th in Missouri.

Historically speaking we’re paying way more than our parents and grandparents did. A hundred years ago Tax Freedom Day was in late January. While most Americans will complain about how much they’ll have to fork over on April 15th, they largely have no concept of how much they are paying in a historical context. And to think our ancestors revolted against the British Crown when 1-2 percent of their income was taxed.

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

This article was written by Joshua Krause and originally published at The Daily Sheeple.

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: Aftermath, big government, central bank, Commodities, Conspiracy Fact and Theory, debt, federal, federal reserve, income, internal revenue service, irs, middle class, people, serfs, socialism, taxes

The Bubble Will Burst, But #Fed Is Waiting For Politics “With #Trump Lurking Around”

March 24, 2016 by mac slavo

thefed-dees

It’s no conspiracy. The music will soon stop and the economy will take a big hit when the bubble bursts – even the timing has been chosen.

The Fed has been pumping easy money and buying time with future pain for years now, but the worm is turning. Only, the turn is taking a pause so as to avoid helping – yes – Donald Trump and his bid for the presidency.

SHTF just reported on the startling revelation that not only has quantative easing changed the financial landscape in the wake of the 2008 financial crisis, but it has been directly responsible for a full 93% of market action since that time.

The Federal Reserve is a leviathan if there ever was one. Even its whispers float boats and sink ships. Easy credit has gone so far beyond the logical extremes, and the proverbial roadrunner has pointed out that we are all hanging out over a cliff.

Contracting the money supply (by raising interest rates) is the snap reaction, but it will hurt. So they are prolonging the pain in order to shift the blame and distract everyone from the real problem as much as possible.

Like everything else, it is now somehow Donald Trump’s fault. This time, because the Fed is a in a position where it supposedly “can’t” raise markets and stabilize the economy.

Via the New York Post:

Like it or not, the Federal Reserve will play a big role in this year’s presidential election.

The Fed last week pulled back on its economic outlook for 2016 and beyond. […]

The upcoming election and, especially, the surprising strength of Donald Trump also make it almost impossible for the Fed to boost rates. If Trump gets elected, the Fed will almost immediately be hit by audits that will reveal lots of secret, sinister things.

So Fed Chair Janet Yellen and her fellow central bankers can’t do anything — like raise the cost of money — that might slow the economy down and give Trump a better shot at winning the presidency.

[…]

But then the Fed gets boxed in by politics, especially because of Trump. Even though it eased policy in a controversial move right before the re-election of President Obama, the Fed will probably use the November election as an excuse to freeze policy until after the vote. It doesn’t want the economy to weaken or, worse, the stock market to tank.

Wow.

Sounds like the Fed, which so often claims not to be political, is admitting to the political weight of its station – which is, incidentally, private and quite powerful indeed over American life. The “politics” are over calls to make it accountable, a task which is apparently insurmountable and somehow detrimental to economic stability, itself a fragile ghost.

The Federal Reserve’s power over monetary policy and the power it derives from issuing currency to the nation at interest are at the heart of why former Congressman and presidential candidate Ron Paul has called for auditing and ultimately ending the Fed:

Allowing a secretive central bank to control monetary policy has resulting in an ever-expanding government, growing income inequality, a series of ever-worsening economic crises, and a steady erosion of the dollar’s purchasing power. Unless this system is changed, America, and the world, will soon experience a major economic crisis. It is time to finally audit, then end, the Fed.

Donald Trump, who has proven to be a lightning rod on all issues, has pointed out that Janet Yellen is likely holding off on raising rate because it is clear from basic policy dynamics that the massive recession that has built up like a puss-filled sore would burst, and in turn, Obama’s Administration would appear culpable for the decline.

Instead, Trump has charged, the Fed is putting that off in order to avoid giving his candidacy a boost – nevertheless, the recession is probably inevitable, and a clear result of Federal Reserve monetary policy.

Yellen is “keeping the economy going, barely,” Trump told The Hill. “The reason they’re keeping the interest rate down is Obama doesn’t want to have a recession-slash-depression during his administration.”

He added: “Janet Yellen is highly political and she’s not raising rates for a very specific reason: because Obama told her not to because he wants to be out playing golf in a year from now and he wants to be doing other things and he doesn’t want to see a big bubble burst during his administration.”

They’ve got everyone at gun point, but the gun is concealed, and they won’t let anyone looking in their pockets or question their moves.

‘Don’t anybody get political around here, or the economy gets it…’

The problem with gun control is that criminals don’t follow the laws, and the rest of the economy is totally disarmed and unable to do anything about the hostile actions of the nation’s central bank, save the few who have a bit of gold or silver to turn to. This is economic autocracy in action.

Read More:

Trump Accuses Fed of Not Raising Rates Because Obama “Doesn’t Want a Bubble Burst” Until He Leaves

Ron Paul: Unless the Fed is Stopped, America Will “Soon Experience Major Economic Crisis”

“Fed Risks Triggering Panic and Turmoil”: World Bank Warns Against Raising Rates

Federal Reserve Insider Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen”

Proof It Is Rigged: “Fed Moved 93% of Entire Stock Market Since 2008″

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: bubble, Conspiracy Fact and Theory, donald trump, economy, election, federal reserve, jobs, obama, opportunity, recession, yellen

Proof It Is Rigged: “Fed Moved 93% of Entire Stock Market Since 2008″

March 18, 2016 by mac slavo

federal-reserve-wall-street-regulation

Fact: The Federal Reserve has screwed over the country.

Monetary policy has been the single most important factor in the economy for some time.

A new analysis from economist Brian Barnier shows that while future GDP, household debt from credit cards and tech accounted for past bubbles in American history, the bubble that has risen since Obama became president is due to one – and only one – factor: the Federal Reserve.

And the private banking cartel – which masquerades as a public government institution – has become plenty controversial for its ties to elite hidden agendas and its debasement of the economy.

However, few Americans realize just how huge – and detrimental – this institution has become.

In the wake of the 2008 financial crisis, the Fed, then chaired by Ben Bernanke, began an unprecedented quantitative easing (QE) program that literally changed everything.

During the last eight years, monetary policy has completely upended the economy, and concentrated wealth into fewer and fewer hands, while making it more and more difficult for ordinary people to stay afloat. This intervention has gone way, way too far and has driven up a particularly unstable bubble that is ready to burst.

Through QE and bond purchases, the Fed managed to double the S&P 500 value, while more than doubling its own balance sheet in the process.

Yahoo! Finance reported:

The factors behind that and previous bubbles can be illuminated using simple visual analysis of a chart.

The S&P 500 (^GSPC) doubled in value from November 2008 to October 2014, coinciding with the Federal Reserve Bank’s “quantitative easing” asset purchasing program. After three rounds of “QE,” where the Fed poured billions of dollars into the bond market monthly, the Fed’s balance sheet went from $2.1 trillion to $4.5 trillion.

This isn’t just a spurious correlation, according to economist Brian Barnier, principal at ValueBridge Advisors and founder of FedDashboard.com. What’s more, he says previous bull runs in the market lasting several years can also be explained by single factors each time.

[…]
As the financial crisis reached a fevered pitch in 2008, the Federal Reserve took to flooding the financial market with dollars by buying up bonds. Simultaneously, interest rates fell dramatically, as bond yields move in the opposite direction of bond prices. Barnier sees the Fed as responsible for over 93% of the market from the start of QE until today. During the first half of 2013, the Fed caused the entire market’s growth, he said.

Barnier, who compiled this data analysis, dubbed this the “Era of the Fed” – as this ill-reputed institution has been more responsible than any other factor (including the 2008 financial crisis) for how bad the economy has gotten for average Americans, college-graduates seeking careers and small businesses.

Screen shot 2016-03-18 at 5.52.02 AM

The above chart is simplified from others before it to show that the Fed was the single most important factor during the last era – overlapping Obama’s presidency – and that a staggering 93% of the economy has been dictated by the Federal Reserve. See the Yahoo! article for more data and charts.

As many analysts have discussed before, this unprecedented intervention has distorted and warped the American experience. Savers, pensioners and investors have all take harsh blows as the interest rate held at zero and even dipped into negative – forcing some customers to pay for deposits and others to take a haircut on their life savings and retirement packages!

Read More:

“Fed Risks Triggering Panic and Turmoil”: World Bank Warns Against Raising Rates

Federal Reserve About To Do “Tremendous Amount of Damage” To U.S. Dollar

Trump Accuses Fed of Not Raising Rates Because Obama “Doesn’t Want a Bubble Burst” Until He Leaves

Ron Paul: Unless the Fed is Stopped, America Will “Soon Experience Major Economic Crisis”

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: 2016 Tagged With: 2016, Aftermath, banks, Conspiracy Fact and Theory, debt, election, Emergency Preparedness, federal reserve, interest rates, nation, obama, quantitative easing, United States, wall street

Schiff: Obama Caught “Peddling Fiction” to Hide Pre-Election Recession

March 10, 2016 by mac slavo

obama_phone_fema

Despite the extent to which the officials in the White House, and the talking heads in the media and on Wall Street deny that the economy is faltering, it is this very issue that is driving voter outrage in the direction of Trump and Bernie.

It’s the jobs, stupid!

And since Obama can’t fix it, he’s lying about it to maintain appearances.

Because so many have become so ill-adjusted to the unforgiving job market, there is great talk about why our national policy is directed towards destroying employment, income, savings and the American dream in general.

After 8 years, it is a problem that Obama may have inherited, but will now have to own.

Peter Schiff claims that:

In his seventh, and final, State of the Union address this January, President Obama, clearly looking to bolster his legacy as the president who vanquished the Great Recession, boldly asserted that “Anyone claiming that America’s economy is in decline is peddling fiction.”  Unfortunately for the President, more and more Americans seem to believe (with an adequate basis for proof) that the fiction is emanating from the White House.

It’s hard to imagine how anyone can really assert with a straight face that the economy is currently “strong.”

[…]

Companies have been incentivized to cut their full-time work force… The view from the street looks quite different, as workers prefer one good job to several bad ones. This is why rallies for Donald Trump and Bernie Sanders are so well-attended. The underemployed are fed up with platitudes from the elites and they flock to these outsider candidates, who seem to understand their pain.

Never mind these two as individuals, but what they represent as symbols. Americans are completely fed up with establishment – and they aren’t ready to accept being pushed back in for another round.

I don’t expect that the President will ever officially acknowledge that the economy has weakened, let alone relapsed into recession. He has walked out too far on his rhetorical branch to walk it back. As a lame duck, he really has no incentive to do so.

The Obama White House has been hiding an economic holocaust during his two terms. Symbolically elected to dispose of the mess created by George W. Bush’s administration and the economic collapse that was engulfing people already drowning in debt.

Instead, he has cheered on the illusion that “recovery” is near, while the bankers have accumulated more wealth than ever, and are waiting for the next wave of the crash to come down on the population.

Meanwhile, critics have accused Yellen – publicly very silent about policy decisions – of timing the blow of the recession.

The recession itself is presumably inevitable, but the announcement and reaction to it could change the major issues of the election cycle, and potentially swing even more votes into those camps who are running as anti-establishment. Trump has previously accused the Fed of waiting to raise rates in order to avoid embarrassing Obama:

But Janet Yellen is in a very difficult spot. If she continues to ignore the growing signs of recession, she runs the risk of letting one develop prior to the election. This would favor the Republican challenger, whether that is Donald Trump or Ted Cruz, neither of whom would be inclined to reappoint her as Fed Chairwoman if elected. Allowing the Greenspan bubble to bust on Bush’s watch sealed John McCain’s fate, allowing Obama to ride a wave of voter outrage into the White House in 2008. Yellen does not want Trump to catch a similar wave in 2016.

As a result, I expect the Fed to soften its rhetoric in the very near future.

As Schiff himself has pointed out many times before, the entire situation is made worse by the prolonged and belabored attempt at cushioning the impact. For better times to be had by all, the Fed out to stop propping up a market of speculators driving a bubble in real estate and other over-priced assets.

Since that isn’t going to happen, pay attention to the handling of the “political football” as Obama & co. try to pretend that job growth is happening and stability is here to stay.

Read more:

Trump Accuses Fed of Not Raising Rates Because Obama “Doesn’t Want a Bubble Burst” Until He Leaves

Ron Paul: Unless the Fed is Stopped, America Will “Soon Experience Major Economic Crisis”

NYT Jokes About Trump Assassination: “Good News I’ve Figured Out How Trump Campaign Ends”

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: bubble, collapse, Conspiracy Fact and Theory, crash, federal reserve, Headline News, obama, recession, stock market, trump, wall street

As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away”

February 18, 2016 by mac slavo

emergency-cash

There is a war on for the extermination of cash.

It is the ultimate monopoly game, but there are those who are willing to put up a fight to keep cash in the game.

The powers that be on Wall Street and in the central banks are aiming to eliminate paper money in large part to continue “sustaining and even intensifying the central banks’ nightmarish experiment with negative interest rates” – a doubly dangerous effort for economic

And banks stand to have all the control as digital transactions flow through their institutions, closely monitored and accumulating fees, penalties and charges that enrich the banks and hold customers hostage.

As Europe moves to take the 500 Euro note out of circulation, former Treasury Secretary and enabler of past crises, has called for an end to the Benjamins – the celebrated $100 note of outlaws, gangsters and all those who would oppose the new world economic order.

As Wolf Street notes:

Those motives include sustaining and even intensifying the central banks’ nightmarish experiment with negative interest rates, increasing public dependence on big banks, destroying the last vestiges of personal financial freedom and anonymity, expanding government surveillance of and control over the economy, and in the case of credit card companies and fintech firms, doing away with their biggest competitor, physical currency.

The powers that want to kill off cash already have vital technological and generational trends firmly on their side, as a result of which cash’s days as a commonly used payment method may well be numbered anyway. They also have the added bonus of widespread public ignorance, apathy, and disinterest.

[…]

“It would be fatal if citizens got the impression that cash is gradually taken away from them”: Bundesbank President Weidman.

As Don Quijones argues – the countries that have been quickest to adopt cashless societies in Scandanavia tend to be very well adjusted and relatively trusting of their governments.

By contrast, Americans, developing countries, and even Germany and Japan have less trust in their government, and will likely put up a fight against attempt to disarm cash:

All too often we hear about the countries in Europe and elsewhere that are furthest along the path toward a completely cashless existence — countries with high levels of public trust in public institutions such as Denmark, Sweden, Australia and Singapore. By contrast, we hardly ever hear about countries where public trust is low in government and financial institutions and physical cash is still revered. They include many of the nations of the Global South as well as two of the world’s biggest, most advanced economies, Germany and Japan.

[…]

“Cash allows us to remain anonymous during day-to-day transactions. In a constitutional democracy, that is a freedom that has to be defended,” tweeted the Green MP Konstantin von Notz. Even the head of the Bunderbank, Jens Weidmann, criticized the government’s proposals, telling Bild (emphasis added): “It would be fatal if citizens got the impression that cash is being gradually taken away from them.”

The right to a free exchange medium has been understated in Constitutional debates, as well as outlook to the global future, though gold and silver is mentioned in Article I Section 10.

But the going rate towards the use of credit/debit, phone apps and other digital payments strips away the fundamental free exchange of currency that historically come with physical currency.

Instead, it grants something pretty close to a monopoly for the handful of banks and online entities like PayPal who will operate the systems, decide the fees and surcharges, and freeze accounts for behaviors that could include things like trying to sell a firearm on a platform that has a policy against it.

Cash transactions (as well as those made with gold and silver or historically utilized mediums) are practically anonymous, rather than scrutinized and available as evidence to creditors, competitors, prosecutors or those with an agenda.

It will also make it harder for small businesses, who stand to be forced out of cash-only operations and onto the reservation of digital payments, where they will have to comply and qualify for status.

If cash dies, they will control authorization, they will hold nearly all the power.

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: ATM, banks, cash, cashless, collapse, Commodities, Conspiracy Fact and Theory, control grid, crisis, digital, federal reserve, global currency, Headline News, surveillance, tracking

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