07/26/2017
Connect:

Currency

As I researched the banking system in Vermont for the public bank report I'm working on some interesting things emerged.  What you mainly hear from people in power is "Don't change anything!  Everything is fine!"  But a pattern emerges about sovereignty that I find very interesting.  Liberals (democrats) have always been ok with big government and centralized power, so it's not surprising that they don't support Vermont sovereignty.  They can't attack big business because then they will be called the dreaded socialist word.  Conservatives have always espoused local control, ie: states rights.  So what's...

comments(0)

This paper is an investigation into whether or not Vermont State funds, deposited in TD Bank North, are safe. Documents and opinions from several experts were solicited and received.[1] Gary Murphy and I examined the new regulations of the FDIC in an effort to find out if the FDIC had set the stage for the confiscation of state money that was deposited in a "TBTF" (Too Big to Fail Bank).  We looked at the confiscation of deposits and pensions in Cyprus and Poland, and at the debacles in Detroit and Philadelphia.

We compared the...

comments(0)

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup. An article in the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition.According to an op-ed in Forbes, that’s enough to sustain an Iraq-sized war for over...

comments(0)

The September 7th article in the Times Argus by Peter Hirschfield titled “State finances: Bonding amounts may drop, affecting infrastructure repairs” presents a false dilemma for Vermonters. 

We are told we must reduce spending on needed infrastructure and public safety or risk the loss of Vermont’s AAA bond rating.  This is akin to another false choice we are told we have to make every year when the legislature convenes - the choice of raising taxes or cutting spending to balance the budget.  We hear about $20 million budget “holes...

comments(0)
As the debts can never be repaid, nations are now operating with whatever ad hoc funding the central bankers decide to provide – and those funds can only be spent on the programs specified by the banker's agents. This is a system of centralized economic management, but it's only an interim system. It functions as a life-support system for a dying economic paradigm, while a new economic paradigm is being rapidly established.
 
...
comments(0)

The Detroit bankruptcy is looking suspiciously like the bail-in template originated by the G20’s Financial Stability Board in 2011, which exploded on the scene in Cyprus in 2013 and is now becoming the model globally. In Cyprus, the depositors were “bailed in” (stripped of a major portion of their deposits) to re-capitalize the banks. In Detroit, it is the municipal workers who are being bailed in, stripped of a major portion of their pensions to save the...

comments(0)

A few days ago in Stockholm I was walking by the water and was accosted by a youngish man from Ireland who shouted out my name. This is not something that happens to me often – apparently he is among that small subset of humanity that has read my book – so I took this coincidence as a sign to stop and have a conversation. 

It turned out he was in Sweden on a two-year program for boat-building, learning traditional techniques to build small boats by hand. His story inspired me in several ways. First, here was an intelligent young person is committed to work that offers no possibility of high social status or wealth. Second, he was...

comments(0)

Whenever the Federal Reserve wants to tweak the dials of the economy -- or pretend that it can -- it turns first to its sock puppet at The Wall Street Journal, John Hilsenrath, and "leaks" a rumor of policy change (HERE). They like to do this late on Fridays when financial markets are about to close, so that market players will have a whole weekend to ponder the Fed's actions like medieval viziers reading goat entrails.

     Last Friday's puddle...
comments(0)

Pages

Subscribe to Currency