Wednesday, April 24, 2024

The Owners Of Debt


  There is a tension among the highest class of owners of global financial assets, as the current over-leveraged iteration of $US based global finance is based upon continued exponential growth of real-economy, which seems to have ended with 2018 and the peak of "oil and natural gas liquids" production.
  The first interest of these owners is the maintenance of their primacy of control of the economies and peoples of the world, which they enjoy through "ownership" of the farms, factories, mines, oil wells and forests of the world. That "ownership" has mostly arisen through manipulations of financial-capital, the debts of the world, which they have accrued to themselves in recent centuries, through family financial trusts, global financial holding trusts, and ownership of stocks in productive industries and financial corporations. 
  Their interests of increasing ownership through increasing profitable-extraction of fungible value from productive enterprises is seen to often weaken and hollow out those productive factories, farms and forests, to the detriment of the society served by those industries. That extracted profit is generally invested in further extraction of putative value from any productive enterprise. 
  As a result of this arrangement the interests of society, which are the efficient and low cost output of industry over the long term, may sometimes be at odds with the interests of the productive industries to improve profits by raising the costs to society. The next layer of interests, those of purely financial capital, very rarely chance to align with the interests of society, except when the collapse of a society threatens the ability of financial capitalists to spend their monetary gains within a productive economy. Even in that extreme condition, it is very difficult for financial-capital interests to act in support of the real economy, and involves extensive government negotiation.
  What we are currently seeing, in my opinion, is the preparation for the financial owners to maintain ownership of all of the productive assets and means of trade in the world, as we enter an epoch which requires vast restructuring of the real economy to meet the needs of human societies and natural ecosystems in the world. The extractive interests of the current class of globalist financial "owners" of the debts of the world are directly opposed to the physical needs of the peoples of the world to restructure the real economy, our life support system.
  Will the primacy of debt be maintained, as has been the case since the Roman Empire and Roman Law, or will the prior tradition of periodic elimination of debts to allow societies to remain healthy and productive take precedence?

  Paul Craig Roberts discusses The Real Debt Problem
​  As I have made crystal clear in my 4-Part series “The Great Dispossession,” you have already lost ownership of your banking, pension, and investment accounts. Your “ownership” has been reduced to permission to use your assets until the financial intermediary holding them gets into financial trouble. At that moment, they cease to be your property and become the property of the creditors of the intermediary that holds your accounts, whether it be Merrill Lynch, Schwab, Wells Fargo, TIAA, or whoever. Your dispossession was done quietly over many years by regulatory agencies. This is what Klaus Schwab of the World Economic Forum means when he tells you that “you will own nothing.” You already don’t.
The US dollar is in trouble, but it is trouble of Washington’s making. Republicans and the financial press, to the extent that one still exists, blame the dollar’s trouble on rising public and private debt. The US runs massive trade and budget deficits. These deficits for decades have been alleged to mean the death of the dollar...
..When a country’s currency is the reserve currency, a role the US seized from Great Britain as its World War II victory prize, it means that there is unlimited demand for your debt. The reason is that your debt is the reserves of the world’s central banks. An increase in US debt is an increase in the reserves of the world banking system. As central banks desire more reserves, there was always a demand for US Treasury debt. There was zero financing problem...
..Being the world currency, a role Roosevelt stole from England, means the US can pay its international bills by printing money or issuing debt.
​  What has put this American privilege in danger is Washington’s stupid, indeed mindless, imposition of economic sanctions that then are evaded by ceasing to use the US dollar as world money. When countries cease settling their international balance of payments accounts in dollars, as Russia, China, Iran and other countries are doing, demand for Treasury debt drops. This means as the sanctioned central banks move to gold and non-Western currencies as reserves, that the demand for US Treasury debt drops, and for the first time in recent history, financing America’s tremendous public debt becomes a problem...
..The problem is not that the debt can’t be paid. The problem is whereas the Fed can print dollars to meet any debt payments, it cannot print foreign currencies with which to buy dollars in foreign exchange markets.​..
​..The minute the dollar goes, American power goes with it.​ Most of the world can hardly wait for it to happen.​

​  Where do the primary interests of Donald Trump lie?  Trump Sold-Out His Base to Shovel $95 Billion to Ukraine and Israel , Mike Whitney
“America last. America last. That’s all this is. America last, every single day.” – Representative Marjorie Taylor Greene
​  The man who is most responsible for the $95 billion giveaway to Ukraine and Israel, is the same guy who pretends to oppose America’s “wasteful” foreign wars. Donald Trump. It was Trump who consulted with Speaker Mike Johnson about the contents of the Ukraine aid package, just as it was Trump who concocted the idea of issuing loans instead of dispersing the standard welfare handout. It was also Trump who said:
​  “I stand with the Speaker, (Mike Johnson)” after which he added that Johnson is doing “a very good job.”
A “good job”?
​  So, secretly collaborating with the Democrat leadership to push through a bill that “reauthorizes FISA to spy on the American people without a warrant, (bans Tik Tok) fully funds Joe Biden’s DOJ that has indicted President Trump 91 times, and giving Biden’s political gestapo a brand new FBI building bigger than the Pentagon,” while not providing a dime to protect the southern border from the swarms of people entering the country illegally, is doing a “good job”?
​  The question we should all be asking ourselves is why has Trump decided to participate in this scam? He keeps saying that if he was president, he’d end the war in Ukraine in a day. If he’s sincere about that, then why did he collaborate on a bill that will drag the war out for another year or two? This is from a Twitter post by political analyst Michael Tracey:
​  Mission Accomplished. It is done: Donald Trump and the House GOP just completed one of the most epic swindles in political history, with Trump personally effectuating the largest-ever disbursement of Ukraine funding through his emissary, “MAGA Mike Johnson” (as Trump lovingly calls him).​

​  Final Nail in America’s Coffin?​  By Ron Paul, MD
​  When future historians go searching for the final nail in the US coffin, they may well settle on the date April 20, 2024.
​  On that day Congress passed legislation to fund two and a half wars, hand what’s left of our privacy over to the CIA and NSA, and give the US president the power to shut down whatever part of the Internet he disagrees with.
​  The nearly $100 billion grossly misnamed “National Security Supplemental” guarantees that Ukrainians will continue to die in that country’s unwinnable war with Russia, that Palestinian civilians will continue to be slaughtered in Gaza with US weapons, and that the neocons will continue to push us toward a war with China.
​  It was a total victory for the war party.​

​  The White House enthusiastically backed surveillance reauthorization that despite a fresh record of routine abuses expands security agencies' spying power.
​  On April 20, Edward Snowden declared, “America lost something important today, and hardly anyone heard. The headlines of state-aligned media screech and crow about the nefarious designs of your fellow citizens and the necessity of foreign wars without end, but find few words for a crime against the Constitution.”
​  The NSA whistleblower was referring to the United States Senate reauthorizing and expanding surveillance under Section 702 of the Foreign Intelligence Surveillance Act.
​  President Joe Biden circulated a memo that cast the Fourth Amendment right to privacy as a "threat to national security." Biden National Security Advisor Jake Sullivan and Attorney General Merrick Garland called members of Congress to ensure that they voted to give spy agencies renewed power.
​  Specifically, “Patriot Act 2.0,” as Representative Zoe Lofgren called it, broadened the definition of service providers and exponentially increased the power that the government has to force numerous business and industries to aid warrantless surveillance.​

​  Assuring the continuity of "ownership"?  The World Economic Forum (WEF) is pushing for the “24-hour monitoring” of the general public using “biometric sensors—on, or even inside their bodies.” Details of the plan were revealed by Yuval Noah Harari, a senior advisor to the WEF and its founder Klaus Schwab.
  According to Harari, a self-described “transhumanist” who is credited as the architect behind the WEF’s anti-human agenda, tracking the public 24/7 will help globalists provide them with “much better healthcare.” Harari claims that the technology will give Big Tech companies, including Facebook and Google, access to the 24-hour flow of data. Alarmingly, Harari also suggested that the Chinese Communist Party would “constantly monitor what’s happening” inside the bodies of the general public.

​  Australian Senator Says Elon Musk Should “Be In Jail And The Key Be Thrown Away”​  (The Senator for Tasmania also declared she would be boycotting X, proclaiming “I’ll be switching off X today, I’ll be doing that before I get to the airport this afternoon, and I suggest that the other 226, there’s 227 members of Parliament, do the same thing. Show him that you mean business.”)​  ​ [Sounds like she's just speaking thoughtlessly, doesn't it?]
​  An Australian Senator has called for X owner Elon Musk to be jailed for life for refusing to adhere to the Australian government’s demands to remove a video of the brutal attack on a Christian Bishop in Sydney last week by an apparent Muslim extremist.​ After Bishop Mar Mari Emmanuel was attacked at his church in Sydney, the video taken from a live stream quickly went viral on X.
​  Australian officials, and politicians from both sides of the spectrum immediately called for the footage to be removed, yet Elon Musk has refused to do so, saying that X is a platform for freedom of expression and it will not censor content that is not illegal.
​  Australia’s so called ‘eSafety Commissioner’ Julie Inman-Grant, an unelected official, has ordered both X and Meta to remove footage of the stabbing under the Online Safety Act, passed in 2021, which empowers the eSafety department to demand the removal of so-called ‘class 1 material’.
​  X was ordered by the Australian Federal Court on Monday to block all users from viewing the footage.
​  The platform temporarily complied with the order in Australia while taking out a two-day injunction, but asserted that a global takedown order violates freedom of speech.“We have already censored the content in question for Australia, pending legal appeal, and it is stored only on servers in the USA,” Musk noted in an X post, warning that complying with government demands to ban content is a slippery slope.
​  In comments to Sky News, Independent Australian Senator Jacqui Lambie charged that Musk is “creating hatred” by ignoring requests to remove “harmful content.”
“I think he’s a social media nob with no social conscience, he has absolutely no social conscience,” she said.​ “Someone like that should be in jail and the key be thrown away. That bloke should not have a right to be out there on his own ideology platform and creating hatred, showing all this stuff out there to our kids and doing all the rest,” Lambie added.​

​  "Whatever it takes" to maintain debt-ownership-rights? PM Orbán’s warning to Europe: ‘World wars are never called world wars in the beginning’

​Meryl Nass MD: Door to Freedom team shines a light on how little has really changed in the new version of the April 2024 amended IHR
The current language has been watered down, and is a bit trickier to disentangle, but the plan is exactly the same​  [Must-Maintain-Control!]​

​  UN Plans Tyrannical Future for You – Alex Newman​  [The same plan the WHO has, in case that flops?​ At least financial elites should retain their ownership rights.]
​  Newman explains, “The bigger story here that people are not paying attention to is the UN is coming together in September . . . and they are having ‘The Summit of the Future.’  They are telling us they are going to bring out radical drastic reforms in the structure of the UN . . . and the power of the UN.  Think of it as the biggest power grab ever at the global level.  The Secretary General of the UN (António Guterres) has put out briefs where he is calling for the UN to be the one world global dictatorship with him at the helm.  In emergencies, the UN would have all power in emergencies and have all power to oversee emergency response. . . . They say the crisis could be a climate crisis, an economic crisis, environmental crisis, pandemic crisis, black swan crisis or maybe something from outer space.  So, basically, anything could be a crisis, and when the Secretary General declares a crisis, all power and authority would go to the UN... This is really a summit for a tyrannical future. . . . They want control of every aspect of your life.”
  If you think the “depopulation” or murder program by the Deep State is some sort of conspiracy theory or myth, think again.  Newman says, “One of the interesting things about going to the UN conferences is they are totally open and totally transparent about the fact that they think there are way too many of us on this planet.  We are taking up their space and consuming their resources.  They say this openly.  They say there are way too many people having way too many babies, and we have to drastically cut back on the number of people on the planet.  They have a whole agency dedicated to this called the UN Population Fund.”                             ​              One sure fire way to kill a lot of people in a short amount of time is war.  Newman says, “They have understood, the globalists, the Deep State, the evil doers and the sick cabal, have understood for a very long time that war was the best mechanism for bringing about their totalitarian one world government.  This is not speculation on my part.  This is what they say.  Their game plan is war, famine, energy crisis and economic crisis.  These are all tools and catalysts for accelerating this agenda.  If millions of people die in a third world war, and it does not matter if it is Iran and Israel, or China and Tiawan, or Ukraine and Russia, it really does not matter, they want millions and millions of people dead so people will give up their attachment to the nation state, self-government and individual liberty and give up anything, money or freedom, anything to make it stop.”​

​  Palestine This Week: The bodies Israel doesn't want you to see
The bodies of more than 280 Palestinians have been found in a mass grave in the grounds of Nasser Hospital in Gaza, most too decomposed to be identified. With proof of Israel's war crimes once again coming to light, will the US use its powers to protect the occupation state at the ICC?​

​  Silenced Screams: Untold Stories of the Brutal Israeli Invasion of Nur Shams
Sana’ Yassin would never have imagined that the day would come when she would see bodies at the entrance to her home, and no one would be allowed to retrieve them.
​  This was the scene at the Nur Shams refugee camp, east of Tulkarm, in the occupied West Bank, during a three-day violent Israeli military invasion, which left at least 14 Palestinians dead and dozens injured, in addition to massive destruction of the area.
​  The storming began last Thursday, with scores of Israeli armored military vehicles and hundreds of soldiers surrounding the camp and sealing its entrances.
Yassin told the Palestine Chronicle that Israeli bulldozers immediately began destroying the streets, cutting off water and electricity while uprooting the sewage network.​ 
Israeli bulldozers demolished the facades of dozens of shops and balconies of houses overlooking the streets, causing new massive destruction in addition to previous rounds of deliberate sabotage.
​  “I had visited my sick mother and returned to my home when the raid began. I heard the sound of bulldozers and military vehicles, so I quickly entered my house because I knew that this sound was a prelude to a disaster,” Yassin said.
​  As the invasion continued, Israeli snipers began shooting at anyone who moved, wounding many.​ Because ambulance crews were prevented from entering, the conditions of the injured rapidly worsened.​..
​..For that entire time, Yassin was trying to calm her four children, who were crying and screaming due to the power outage and the deafening sounds of shelling and bullets.​ “While I was trying to help them sleep, there was a very loud shooting sound near the house,” Yassin said.
“I heard screaming and looked out the window to find two young men lying on the ground, bleeding due to their wounds and burns,” she explained. “I thought the ambulance would come to save them, but everyone was prevented from approaching.”
​  One of the injured tried to crawl to a nearby house, but he was unable to do so due to a barrage of Israeli gunfire.
He remained on the ground for several hours until he and the other injured person passed away. Their bodies remained there for more than 60 hours.
Yassin told us that a strong smell began to fill the neighborhood.
​  She prevented her children from looking through the window so that they would not be shocked by the scene.
“Every time I looked out the window, I wished I wouldn’t see the two bodies, but they remained there the whole time,” Yassin said.
“No one was able to save them when they were injured and no one was able to retrieve them after their death. It was a horrific sight that I didn’t ever expect to see in my lifetime.”​ ...
​..Salim Ghannam, 29, was sniped with a bullet to the head at the entrance to his home in the Nur Shams camp.
No one was allowed to approach him, but his family managed to drag his lifeless body into the house.
Salim remained there – a dead body – for 48 hours, with his family crying around him, the entire time.​

​  Red Cross Says Rafah Evacuation Not ‘Possible’ as Israel Prepares for Invasion​ , Israeli media reports that Israel will invade Rafah 'very soon'
​  “When we see the level of destruction in the middle area (of Gaza) and in the north, it’s not clear to us where people will be moved to… where they can have decent shelter and essential services,” Fabrizio Carboni, Middle East director for the Red Cross, told AFP. “So today, with the information we have and from where we stand, we don’t see this (massive evacuation) as possible.”​

​Jewish Voice For Peace, Passover Edition,  Why is this year different from all other years?

​  This week, Palestinians uncovered a second mass grave in Gaza, at the Nasser Hospital in Khan Younis. More than 300 bodies were buried there, many with their hands and feet tied, killed and discarded by the Israeli military.  
​  The Israeli government has enjoyed impunity to commit genocide for the past six months, aided and abetted by the U.S. Congress. On Tuesday night the Senate approved over $14 billion in military funding for Israel — which President Biden is expected to sign off on.
​  As this genocide continues, our movement isn’t backing down. Across the country, Jews are holding Seders in the Streets for Passover, and campuses across the country are being filled by student encampments in solidarity with Gaza. A new anti-war movement is being forged, demanding an end to U.S. support for Israel

​  What Lindsey Graham Isn’t Telling You About US ‘Loan’ to Ukraine
​  “This aid package has a loan component to it,” Graham said Sunday. “President Trump has created a loan component to this package that gives us leverage down the road.”​  But does it?​ What Graham fails to mention is the fine print.
​  Of the $61 billion in the foreign aid package, only $9.5 billion comes in the form of a “forgivable loan” for the Ukrainian government, according to Heritage Action. (Heritage Action is the grassroots arm of The Heritage Foundation, which founded The Daily Signal in 2014).
​  There’s another catch for the so-called loan: President Joe Biden has the power to cancel 50% of the total after this coming Nov. 15. And the remaining 50% may be canceled by the president after Jan. 1, 2026.​

​  A former Nigerien diplomat tells Al Mayadeen his country is determined to expel US forces from Niger and establish stronger ties with the east.
Niger is determined to expel US forces from its territory, Nigerien diplomat Ali Tassa told Al Mayadeen on Tuesday.
​  "Washington initially wanted to negotiate the continuation of an air base, but the Nigerian government refused," Tassa underlined.
He stressed that Niger was open to Russia, China, Iran, and any country that respects its sovereignty, adding that his country is strengthening its relations with Moscow.
Niger is "interested in strengthening its army to confront terrorism," Tassa said.
US Defense Department spokesperson Patrick Ryder said today that the US and Niger have started discussions for the orderly withdrawal of US servicemen from Niger.​

​  Chad Signals It Wants US Troops To Leave​ , The news comes after the US said it agreed to leave Niger
​  Chad’s government sent a letter to the US earlier this month that said it could end the Status of Forces Agreement (SOFA). The letter didn’t directly order the US military to leave, but US officials said that if the agreement were canceled, US forces would have to leave a French military base where they were stationed.
​  Reuters also reported on the letter and said Chad ordered the US to halt activity at the Adji Kossei Air Base because the US had failed to provide documents justifying their presence there.​

​  Iran Claims New Version of Bavar-373 Can Take Out US-Made Stealth Jets
​  Displayed during a recent military parade in Tehran, the new weapon is said to have enhanced target detection and tracking abilities, enabling the interception of radar-evading fifth-generation fighter jets such as the F-35.
​  It can also identify up to 100 aerial targets simultaneously and engage them with Sayyad-4B missiles, according to Iranian officials.​ The update listed the range of the new Bavar-373 as 300 kilometers (186 miles), but this has not been independently verified.​

​Simplicius gives the rundown on this hypersonic missile system. 3M22 Zircon: Debunking Misconceptions

​  US To Convert Pacific Oil Rigs Into Military Bases as Part of Anti-China Buildup
​  The US Navy will convert surplus oil rigs in the western Pacific into mobile military bases as part of the US military buildup aimed at China, The Defense Post reported on Tuesday.  The naval engineering firm Gibbs & Cox developed the concept, known as the Mobile Defense/Depot Platform (MODEP), and presented it earlier this month at the Sea Air Space Expo. The idea is to convert oil rigs into mobile missile defense and resupply bases.
​  “Our target here is to find a solution to help the challenging problem of having capacity issues in the Western Pacific. For not enough cells, not enough missiles, not enough of being able to keep those ships in the forward station,” Dave Zook, an architect at Gibbs & Cox, told Naval News.
​  Gibbs & Cox claims that the floating bases would be able to hold 512 vertical launch system cells or 100 large missile launchers, which is five times the capacity of a US Navy destroyer. The idea is to counter China’s ballistic missiles that could take out US warships and bases in the region in the event of an open war.​

​  Wind Overtakes Fossil Fuels as the UK’s Largest Power Generation Source
​  The UK saw two consecutive quarters of wind power overtaking fossil fuels as the single-largest source of electricity generation for the first time, per data from think tank Ember quoted by Reuters columnist Gavin Maguire.
​  In the first quarter of 2024, wind-generated a total of 25.3 terawatt hours (TWh) of Britain’s electricity, higher than the 23.6 TWh generated from fossil fuel sources, Ember data showed. As a result, wind power generated an average of 39.4% of the UK’s electricity between January and March 2024, versus a 36.2% share of fossil fuel generation.  
​  Wind power generation, however, could begin to dip with warmer and still weather in the summer months.​

​  Charles Hugh Smith,  Cities' "Doom Loops" Are Even Worse Than You Imagined  
This is why those who understand these dynamics are getting out, even though the city was their home.​

Neither A Borrower Nor a Lender (pictured with first red onion of the season)

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