Orientation for new readers regarding the underlying research and data for this blog
"Pay no attention to the man behind the curtain." --The Wizard of Oz (Ounces), written by L. Frank Baum, 19th century monetary reformist.
The financiers’ shell game—No wonder folks roll their eyes when the subject of economics comes up in conversation …
“If economists can’t say what they mean in simple, clear terms, then either there is something to be gained from mystifying what they are doing, or they themselves do not really understand what they claim to understand.” —Rosa Luxemburg
Part of the ongoing problem for the stock market – regardless of what the Fed does with further interest rate hikes – is that Treasury supply is growing and requiring higher yields to attract demand. …
In its quarterly refunding statement for the third quarter, the Treasury said it planned to issue $671 billion of debt, which was $178 billion more than the amount of Treasury securities that were maturing. …
Which means that a new buyer of last resort for Treasury securities is needed. But should that really be the same entity that is issuing the debt in the first place? If the Treasury has the money to buy back its debt, why is it issuing the debt?
When the Federal Reserve System and the US Corporation are owned and operated by the same handful of financiers, then all “investments” within the entire capitalist casino, are nothing more than games of chance (masked by pseudo-technical terminology) wherein the house always wins.
To really understand how privately owned central banking works, one must have a point of reference outside the system to which it can be compared. That point of reference is publicly owned central banks, wherein the straightforwardness of operations lays bare the obfuscation of the capitalist house of cards.
In a system that revolves around a publicly owned central bank, the stability of currency value is a simple mathematical monitoring proposition of keeping a steady proportional ratio between the money supply versus the goods and services in circulation.
In a system that revolves around a privately owned central bank, the stability of currency value is disrupted by the conversion of money (the value created by labor) that is commodified via interest charges ( i.e., turning it into capital), which is based on the monetization of time, not labor). So, the value created by labor (money) must be constantly destroyed via recessions to avoid hyperinflation caused by the creation of capital (in this case via Treasury bonds, which enter the system with interest charges attached) that are then used as collateral for the US Corporation to receive the privately owned currency, Federal Reserve Notes, from the central bankers.
For a long time, the bonds were sold by the “market makers” (JPMorgan Chase, Goldman Sachs, etc.) to large institutional investors and various nation-states, but as the need for funds to run the US Corporation and its global black ops grew, along with the increasing aggression of the cartel’s public-sector subsidiaries (the US, UK, EU, NATO, etc.), buying treasuries has become increasingly less attractive. For example, in the past few years, China and Russia have sold massive amounts of US Treasury bonds and invested the proceeds in gold.
Following this, for a while the Fed bought the bonds through shell organizations, including the nation of Luxembourg, which does not have the resources for such cash outlays. This became a laughingstock and it was, during the manufactured virus event, replaced with special purpose vehicles (SPVs) in which the bonds were placed, and held by the Treasury department; thus, no interest was being paid, as if the Fed/Treasury were operating, as a privately owned central bank, as we described it at the time.
This characterization did not sit well with the financiers, so we now have this new charade, where Treasury prints new bonds in an amount that exceeds the principal and interest due on the old bonds, raising the question, “Who owns the bonds?” Considering that the Fed is, at this point, the only organization that could be financing such a circular circus, this new legerdemain does pay the Fed interest on the old bonds, which of course increases the need for ever-greater sums of bonds the next time around. All this to frame a game that is consistent with capitalistic vocabulary and sleight-of-hand.
“During depressions, assets return to their rightful owners.” –Andrew Mellon
In other words, to quote from 7 Steps to Global Economic and Spiritual Transformation, Volume I, Access to Tools:
Those who control the money supply believe that these assets are rightly theirs … (per Mellon’s quote above) … since they funded the assets through loans and other debt instruments based on the private bank notes (the money supply) that they own. They use this tautology, loans based on the creation and lending of money that they never possessed in the first place, to assert their right to control the public money supply, as if “legal tender” was a commodity to be franchised like McDonald’s hamburgers. Going back to the goldsmiths, whose profits from lending—based on their clients’ assets and, in some case, non-existent “reserves”—bought them the licenses to continue their counterfeiting protected by “law”: This is now the practice we call “banking.”
The net result is that the financiers end up with an ever-increasing percentage of the assets, as detailed in a 2010 study by the Swiss Federal Institute of Technology in Zurich … (in which it was shown that) … no more than 147 organizations (privately controlled banks and holding companies) control the core of the global economy. (Actually, at this point, it’s really just a couple of holding companies at the top.) …
For example, consider that, in the same year of the Swiss study, of the 50 largest U.S. corporations, 80% of the cash was in the hands of four banks: Goldman Sachs, JPMorgan Chase, Citigroup, and Bank of America. As Reuters reported, this does not include the approximately $32 trillion that private parties have looted and stashed in offshore “tax havens,” that is, pirate treasure buried on tropical islands.
The pirates have taken over the governments: private banks are not businesses, in the sense that labor creates goods or services; they are a means of using money to acquire assets and power; they are political organizations with the most regressive of objectives, that is, corporate control over the state—one of the textbook definitions of fascism.
Not a coincidence. Questioning the Rockefeller patent medicine eugenics program wiil get you erased.
The Mysterious Death of Dr. Fauci’s Most Notable Critic
List of over 100 Dead Microbiologists
Free speech lawyers defend the Babylon Bee against New York censorship law
If the fascist puppets sitting in the state capitol in Albany hadn’t beaten them to it, the Babylon Bee could have fabricated this situation as satire. Unfortunately, it has become more and more difficult for satirists to be creative, given the absurdity of the amoral sociopathic regime controlling the cartel’s chief public-sector subsidiaries, the US, UK, EU, NATO, UN, etc. The lack of humor of the financiers is yet one more example of Hannah Arendt’s characterization of “the banality of evil.”
And let’s not forget the financiers corporate-state executive-level puppets who embrace censorship:
Musk slams Trudeau’s ‘shameful’ censorship campaign: ‘Trying to crush free speech in Canada’
Ukraine’s allies fret over coalition after US drops aid
Congress abandoned the funding for Kyiv to help avoid a government shutdown just as Ukraine intensifies efforts to repel Russia’s invasion, stoking concerns that the U.S. may be drifting toward isolationism and an increased focus on domestic politics. …
The development is concerning and needs to be resolved quickly, according to one senior European official, who asked not to be identified. There’s a broader shift in U.S. sentiment on Ukraine, and Putin and other aggressors may be emboldened in the absence of unwavering western support, the official added. One European Union leader predicted that the situation is likely to get more difficult as U.S. elections approach. …
European backing for Ukraine is facing an additional new challenge after a candidate sympathetic to Russia won Slovakia’s election on Saturday. Robert Fico has criticized E.U. sanctions against the Kremlin and pledged to end military aid to Ukraine. …
Olena Bilan, chief economist at Kyiv-based investment bank Dragon Capital, said in a telephone interview that the administration in Kyiv has secured enough financing to cover its budget needs for this year, but warned that next year looks “increasingly challenging” and “Ukraine has become a hostage of difficult political processes in the U.S.”
Note the last sentence. They may frame this as a dependency, Ukraine needing help from Big Brother, but Ukraine is a front. It is not an independent nation-state; rather, it is a pawn in the Anglo-Euro-American banking cartel’s war against the Sino-Russian coalition.
Slovakia Moves Away From EU-NATO on Ukraine
We need to see more of this from the Czech Republic, Italy, Hungary, Germany, Poland, etc.
Ukraine Fatigue Is Worrying NATO Elites – and So They Should Be
This week also saw massive protests in Germany against Olaf Scholz’s coalition government over the latter’s abject pro-war policies in Ukraine. German Unity Day on October 3 prompted a mass rally in Berlin denouncing the NATO proxy war in Ukraine and calling for peace negotiations to end the conflict.
There were also unprecedented protests across Poland in Warsaw, Lodz and other cities against the PiS government’s slavish implementation of the U.S.-led NATO proxy war in Ukraine.
The EU foreign ministers held a summit in Kiev on Monday. It was the first time that their summit was convened in a non-EU country. The agenda was a little too self-conscious, slated as a show of “solidarity” with Ukraine.
The unelected European elites described the war in Ukraine as an “existential crisis” which requires never-ending support for the Nazi regime against Russia.
Significantly, the contrived EU summit in Kiev was not attended by Hungary’s foreign minister Peter Szijjarto. In highly critical comments on the EU’s misplaced priorities, he said that other countries do not understand why Europe “has made this conflict global” and why people living in Asia, Africa and Latin America have to pay for it due to growing inflation, energy prices and unstable food supplies.
What the conflict in Ukraine has demonstrated clearly to the Western public is just how morally bankrupt their governments and media have become. American and European elitist leaders may kid themselves a little longer by pretending there is no weariness and fatigue over their proxy war against Russia. The more they pretend the greater the eventual crash and downfall from public anger.
Not long after China proposed a 10-point plan to end the war in Ukraine, the US threatened that nation with consequences if it supplied Russia with armaments. Now we shall see if the cartel psychopaths are prepared to up the ante. North Korea has also pledged drone support for Russia.
Chinese drones flow to training centers linked to Russian war in Ukraine
“Since the war began, China has shown a willingness to support Russia that comes up to, but doesn’t cross, the West’s red lines,” Joseph Webster, a senior fellow at the Atlantic Council who tracks the flow of Chinese exports to Russia amid the war in Ukraine, told RFE/RL. “Ensuring dual-use shipments to Russia is likely seen by Beijing as a form of support that ensures some balance as China watches American and European military supplies go to Ukraine.”
75,000 healthcare workers go on strike
The central issue in the massive strike is what the healthcare unions describe as a “short-staffing crisis.” Healthcare union representatives claim that the “short-staffing crisis” can jeopardize patient safety, potentially resulting in extended wait times, misdiagnoses, and even neglect. The unions also claim that Kaiser Permanente is guilty of unfair labor practices. …
Responding to allegations, Kaiser pointed to a broader national shortage of healthcare professionals. However, they highlighted their efforts in hiring 50,000 frontline workers in the past two years and expect to hit the goal of 10,000 new hires for coalition-represented jobs by the end of the month.
Between the many nurses fired for refusing the injection and the increase in patients jabbed with the poisons, the so-called “healthcare” system is crumbling. Good riddance to Rockefeller patent medicine and its eugenicists.
500 workers laid off by Ford, General Motors
At least these workers will receive unemployment payments.
Report Details US Gov't Crimes Against Native American Children
The US, UK, and EU are still murdering children and adults on a global scale.
After kidnapping the chief executive of Huawei a few years back, on the pretense that the company’s cellphone is a surveillance tool for China, the cartel continues to make the same claims and apply the same sanctions even though the US Department of Defense and the government of Germany said there is no proof for these claims.
We hope that you find our blog of value. If so, please feel free to share our articles and encourage others to sign up for our mailing list. Our last published work, 7 Steps to Global Economic and Spiritual Transformation, Volume I, Access to Tools, is available here and here. Volume II, Application of Tools, is in the works. An earlier version of this sequel, published in 2019, is online in four sections, beginning here.