Fed Hikes Benchmark Rate by 25 Basis Points, Signals More Increases to Come

Fed Hikes Benchmark Rate by 25 Basis Points, Signals More Increases to Come

The Federal Reserve continued its campaign to bring down inflation by approving an increase in its benchmark interest rate of one-quarter of a percentage point, saying it anticipates further increases in the future.

Officials agreed Wednesday to lift the federal funds rate to a range between 4.50 percent and 4.75 percent, the highest since 2007.

“The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time,” the Federal Reserve’s Federal Open Market Committee (FOMC) said in a statement.

Investors had expected the 25 basis point raise, the eighth consecutive Fed hike since the Fed began raising its target in March of 2022. At the prior meeting in December, the Fed raised its target range by half a percentage point.

Markets expect the Fed will hike one more time this year at the meeting and then pause to observe how the economy and inflation react to the highest interest rates in over a decade. Fed chair Jerome Powell and other central bank officials have warned the market against interpreting a slowdown in hikes or a pause as preceding an imminent pivot to cutting rates. The prices of various financial assets, however, suggest that investors do anticipate a rate cut before the year is over.

“In determining the extent of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments,” the FOMC said.

The statement said that the FOMC is “highly attentive to inflation risks,” a phrase the Fed has used since its second hike in May of last year.

The Fed dropped references to the pandemic from this statement, including a line that attributed inflation to “supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.” The Fed also no longer says it is closely monitoring “public health” when assessing possible changes to monetary policy.

The Fed noted that inflation has improved in recent months.

“Inflation has eased somewhat but remains elevated,” the statement sad.

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BANK RUNS, BAIL-INS & DEMOLISHING DAVOS — Tom Luongo

SGT Report – Jan 30th, 2023


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All Wars Are Bankers’ Wars

Fascist-Freddy – December 15th, 2022


All Wars Are Bankers’ Wars explores a common central banking connection behind America’s wars. Direct quotes from the founders, presidents, and other world leaders are cited regarding each of the major wars America was involved in, beginning with the American Revolution, King George III and Benjamin Franklin, and culminating with a warning and solution to avoiding World War III.



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National Socialism The Hitler Elixir

12 years not a slave – January 25th, 2023


I sometimes share videos/articles produced by normies so please keep that in mind. Take the info with a grain of salt.

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Videos, written works, etc I share are not my creations unless otherwise specified.


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Solving the Debt Crisis the American Way

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On Friday, Jan. 13, Treasury Secretary Janet Yellen wrote to Congress that the U.S. government will hit its borrowing limit on Jan. 19, forcing the new Congress into negotiations over the debt limit much sooner than expected. She said she will use accounting maneuvers she called “extraordinary measures” to keep U.S. finances running for a few months, pushing the potential date for default to sometime in the summer. But she urged Congress to get to work on raising the debt ceiling.

Lifting it above its current $31.385 trillion limit won’t be easy with a highly divided and gridlocked Congress. As former Republican politician David Stockman crowed in a Jan. 11 article:

15 [House] votes and the slings and arrows of MSM opprobrium were well worth it. That’s because the GOP’s anti-McCarthy insurrection obtained concessions which just might slow America’s headlong rush to fiscal armageddon. And just in the nick of time!

We are referring, of course, to the Speaker elect’s promise that there will be no more debt ceiling increases without off-setting spending cuts; and that in the event of a double-cross a single Member of the House may table a motion to vacate the Speaker’s chair.

Even if Congress succeeds in raising the debt ceiling, the Federal Reserve’s aggressive interest rate hikes are likely to push interest on the federal debt to unsustainable levels. The problem was detailed by the House Republican Policy Committee like this:

As of December 8, 2022, the U.S. gross national debt stood at nearly $31.5 trillion, $8.5 trillion higher than it was just three years before and the highest level in our nation’s history. Last year [in March 2021], the Congressional Budget Office (CBO) projected the federal government would spend $282 billion servicing our debt in 2022, but that projection ballooned to nearly $400 billion as the Federal Reserve tightens monetary policy and the debt continues to grow.

… While interest rates have been low by historical standards, if interest rates rose to 5 percent, where they were as recently as 2007, net interest payments on the current debt level held by the public would be over $1 trillion, more than the federal government spends annually on everything but Social Security [emphasis added; endnotes omitted].

San Francisco Fed President Mary Daly said during a live-streamed interview with The Wall Street Journal that she expects policymakers to raise interest rates to somewhere above 5%, and JPMorgan CEO Jamie Dimon said it “may very well” raise rates to 6%.

The global debt cycle has reached the stage where, historically, a major “monetary reset” has been required. In 1913, it was done by instituting the Federal Reserve to backstop a banking system unable to meet withdrawals in gold. In 1933, it was done by taking the dollar off the gold standard domestically; in 1969, by taking the dollar off the gold standard internationally; and in 2008-09, by bailing out the banks with quantitative easing.

Resetting the Game Board in Line with the Constitution

What about today? In a Jan. 11 article in Forbes, after discussing the limitations of the “extraordinary measures” to which the Treasury can resort, investment advisor Simon Moore wrote:

Some have also argued that the government could go further, perhaps invoking the 14th Amendment, or minting an enormously high-​value coin as further strategies to sidestep debt ceiling issues. However, these ideas are untested …

The 14th Amendment says the validity of the government’s debt shall not be questioned. Fixing the budget deficit by minting some trillion dollar coins would be a radical monetary “reset,” but the approach is not actually untested. Abraham Lincoln did something similar to avoid a usurious national debt at 24 to 36% interest during the Civil War, and he was drawing from the playbook of the American colonists a century earlier.

Article 1, Section 8, of the U.S. Constitution says, “The Congress shall have Power … To coin Money [and] regulate the Value thereof …“ When the Constitution was ratified, coins were the only officially recognized legal tender. By 1860, coins made up only about half the currency; and today, they make up only about $1.19 billion of a $21.352 trillion circulating money supply (M2). These coins, along with about $239 million in U.S. Notes or Greenbacks originally issued during the Civil War, are all that are left of the Treasury’s money-creating power.

The vast majority of the money supply today is created privately by banks as deposits when they make loans, usurping the power to issue the national money supply from the people to whom it constitutionally belongs. Lincoln avoided a massive debt to private British-backed banks by restoring the government-issued money of the American colonists. In the 1860s, these newly-issued U.S. Notes or Greenbacks constituted 40% of the national currency. Today, 40% of the circulating money supply would be $8.5 trillion. Yet, this massive money-printing during the Civil War did not lead to hyperinflation. Greenbacks suffered a drop in value as against gold, but according to Milton Friedman and Anna Schwarz in A Monetary History of the United States, 1867-1960, this was not due to “printing money.” Rather, it was caused by trade imbalances with foreign trading partners on the gold standard.

The Greenbacks aided the Union not only in winning the war but in funding a period of unprecedented economic expansion. Lincoln’s government created the greatest industrial giant the world had yet seen. The steel industry was launched, a continental railroad system was created, a new era of farm machinery and cheap tools was promoted, free higher education was established, government support was provided to all branches of science, the Bureau of Mines was organized, and labor productivity was increased by 50 to 75 percent.

Congress could avoid its debt crisis today by calling for a new issue of debt-free U.S. Notes. That, however, would require legislation, probably a greater uphill battle in the current Congress, even than getting the debt ceiling lifted.

Reducing the Federal Debt

Another way to alleviate the debt crisis with government-issued money was proposed by Republican presidential candidate Ron Paul and endorsed by Democratic Representative Alan Grayson during the last debt ceiling crisis: the Federal Reserve could be ordered to transfer to the Treasury the federal securities it has purchased with accounting entries through “quantitative easing.” The Treasury could then just void this part of the debt, which stood at $6.097 trillion as of Dec. 2, 2022. That alternative would be legal, but it would require persuading not just Congress but the Federal Reserve to act.

A third alternative, which could be done very quickly by executive order, would be for the federal government to exercise its constitutional power to “coin money and regulate the value thereof” by minting one or more trillion dollar platinum coins.

The idea of minting large denomination coins to solve economic problems was first suggested in the early 1980s by a chairman of the Coinage Subcommittee of the House of Representatives. Not only does the Constitution give Congress the power to coin money and regulate its value, he said, but no limit is put on the value of the coins it creates.

In 1982, Congress chose to choke off this remaining vestige of its money-creating power by imposing limits on the amounts and denominations of most coins. But it left one exception, the platinum coin, which a special provision allowed to be minted in any amount for commemorative purposes (31 U.S. Code § 5112). When Congress was gridlocked over the debt ceiling in 2013, attorney Carlos Mucha proposed issuing a platinum coin to capitalize on this loophole; and the proposal the proposal got picked up by Paul Krugman and some other economists as a way to move forward.

Philip Diehl, former head of the U.S. Mint and co-author of the platinum coin law, confirmed that the coin would be legal tender. He said:

In minting the $1 trillion platinum coin, the Treasury Secretary would be exercising authority which Congress has granted routinely for more than 220 years . . . under power expressly granted to Congress in the Constitution (Article 1, Section 8).

What about Inflation?

Prof. Randall Wray explained that the coins would not circulate but would be deposited in the government’s account at the Fed, so they would not inflate the circulating money supply. The budget would still need Congressional approval. To keep a lid on spending, Congress would just need to abide by some basic rules of economics. It could spend on goods and services up to full employment without creating price inflation (since supply and demand would rise together). After that, it would need to tax — not to fund the budget, but to shrink the circulating money supply and avoid driving up prices with excess demand.

An alternative for stabilizing the money supply and avoiding inflation without resorting to taxes was developed by the Pennsylvania colonists in Benjamin Franklin’s day. The American colonies were then printing paper scrip, following the innovative lead of Massachusetts in 1691. This paper money was considered an advance against taxes, but it was easier to issue the scrip than to collect it back in taxes; and the result was to inflate and devalue the currency.

The Pennsylvania colonists avoided price inflation by forming a “land bank.” The colonial government issued paper scrip in return for goods and services, and it lent scrip to the farmers at a reasonable rate. The interest returned to the colonial treasury, balancing the budget.

Today we could do the same: we could offset the money issued for government expenses with interest instead of taxes. But that would effectively mean nationalizing the banking system, again not something that is likely or even desirable in a major economy with many competing economic interests. As U.K. Prof. Richard Werner observes, nationalizing the banking system in Soviet Russia did not work out well. But the Chinese approach, involving many small local public banks, proved to be very efficient and effective; and German local bankers developed such a system long before the Chinese, with their network of local public Sparkassen banks. We could follow suit with a network of public banks spreading to local needs, thus turning banking into a public utility while keeping credit under local management and distribution.

We Could Go Further…

As the chairman of the Coinage Subcommittee observed in the 1980s, the entire federal debt could actually be paid with some large denomination coins. Again, the concern will be that it will inflate the money supply and devalue the currency;  but the Federal Reserve showed after the “Great Recession” that it could issue trillions of dollars in accounting-entry quantitative easing without triggering hyperinflation. Indeed, the exercise did not trigger even the modest inflation for which it was designed.

Japan has gone further. As of May 2022, 43.3% of its national debt was held by the Bank of Japan; yet its consumer price index (the annual percentage change in the cost of consumer goods and services) was at negative 0.2%. And China increased its money supply by nearly 1800% over 24 years (from 1996 to 2020) without driving up price inflation. It did that by increasing GDP in step with the money supply.

As with QE, paying off the federal debt with trillion coins deposited in the Treasury’s account would just be an asset swap, replacing an interest-bearing obligation (bonds) with a non-interest-bearing one (bank deposits paid to the bond sellers). The market for goods and services would not be flooded with “new” money that would inflate the prices of consumer goods, because the bond holders would not consider themselves any richer than before.Joseph Wang, a former senior trader on the Fed’s open market desk, explained the difference between QE and direct payment of stimulus checks in a Jan. 9, 2023 article. He wrote:

The enormous fiscal stimulus in 2020 created a few trillion out of thin air and just gave it away to the public – predictably supercharging growth and inflation.  Note that fiscal stimulus is very different from QE, which merely exchanges Treasuries for cash. QE changes the composition of liquid assets held by non-banks (fewer Treasuries, more cash), but not their purchasing power. In contrast, stimmy checks and forgivable loans are essentially free “helicopter money” that increase potential demand.

QE changes the composition of liquid assets held by non-banks (fewer Treasuries, more cash), but not their purchasing power.” The non-bank holders of Treasuries could have sold their securities at any time if they had wanted cash. They had their money in government securities in the first place because they wanted to save it rather than spend it. If they were cashed out, they would presumably continue to save the money, probably by investing it in other interest-generating securities.

Something to Think About at Least

Granted, those proposals are unlikely to pass now, and it would take unusual courage just to introduce them; but we are living in unusual times. The time will soon come for bold leaders to take the reins and do something radical. The alternative that is barreling down on us is the World Economic Forum’s “Great Reset,” in which “you will own nothing and eat bugs” (basically neo-feudalism).

The status quo is clearly unsustainable, and the Fed’s current tools cannot set it right. The inflation problem has been thrust in its lap, although fiscal spending and supply shortages are key drivers of today’s price hikes; and the Fed’s traditional tools won’t fix those problems. The higher that interest rates are raised, the harder it will be for people and businesses to pay their credit card debts. That means businesses will go bankrupt, people will get laid off, and tax receipts will go down, further driving up the budget deficit.

We need a new approach, at least one that is new in modern times. We would do well to return to the solution of our forefathers – a monetary system backed by “the full faith and credit of the United States,” a government “of the people, by the people, and for the people,” as Lincoln intoned. That may not be the government we have now, but it could be and should be. Before we can have a trustworthy national currency, we need a transparent and accountable government that is responsive to the will of the people. When the old system finally breaks and we are primed for a new one, those are the principles that should guide us in its development.

*

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This article was first posted on ScheerPost.

Ellen Brown is an attorney, chair of the Public Banking Institute, and author of thirteen books including Web of DebtThe Public Bank Solution, and Banking on the People: Democratizing Money in the Digital Age. She also co-hosts a radio program on PRN.FM called “It’s Our Money.” Her 400+ blog articles are posted at EllenBrown.com. She is a regular contributor to Global Research.

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Stocks Stumble to End ‘Miserable’ 2022 — Wall Street Sees Worst Annual Drop Since 2008

(AFP) Stock markets were wrapping up their worst performances in years on Friday before heading into 2023 under recession fears following Russia’s invasion of Ukraine, high inflation, and rising interest rates.

European indices closed their final sessions of the year in the red while Wall Street headed towards a similar finish.

For the year, Frankfurt was down more than 12 percent and Paris lost 9.5 percent for their worst performances since 2018. London, however, was up 0.9 percent in 2022 as the energy sector was buoyed by soaring energy prices.

Wall Street faces its worst annual drop since 2008, with the S&P 500 index down 20 percent and the tech-heavy Nasdaq losing 30 percent in the final hours of trading for the year.

Equities were slammed as the US Federal Reserve, the European Central Bank and the Bank of England aggressively lifted interest rates in a bid to tackle rampant consumer price rises. The move carries the risk of sparking recession as higher borrowing costs slow economic activity.

US tech companies were hit particularly hard as they are usually boosted by lower interest rates.

The MCSI World Equity Index has lost almost a fifth in its worst annual performance since 2008, when markets were ravaged by the global financial crisis.

Asia-Pacific markets finished their last sessions mostly in the green on Friday.

But for the year, Hong Kong tanked 15.5 percent and Shanghai dived 15.1 percent in the biggest annual slumps since 2011 and 2018, respectively.

Covid spiked once more in China in December after Beijing relaxed its strict curbs in the face of rare public outcry. That also prompted worries about the impact on stretched global supply chains.

Tokyo plunged 9.4 percent in the first annual fall since 2018 but the Bank of Japan maintained its ultra-easy monetary policy, in contrast with other central banks, to help its fragile economy.

‘Pitiful end to miserable year’

“It’s shaping up to be a pitiful end to a miserable year in stock markets,” OANDA trading platform analyst Craig Erlam told AFP.

He said 2022 had “brought an end to an era” of low interest rates that fuelled tech and crypto booms.

“That’s been replaced with soaring inflation and interest rates, immense economic uncertainty and the reshaping of energy markets in the aftermath of the Russian invasion of Ukraine,” Erlam said.

In commodities, oil prices rallied in 2022 with Brent gaining 7.5 percent and New York crude adding 4.2 percent.

However, they remain 40 percent below peaks struck in March on supply woes after key producer Russia invaded its neighbour, sending natural gas prices also spiking.

Britain and other major economies now face the likely prospect of grim recessions next year, as consumers and businesses battle rampant inflation and rising rates after years of ultra-low borrowing costs.

“The most important take of the year is: the era of easy money ended, and ended for good,” noted SwissQuote analyst Ipek Ozkardeskaya.

“And given that there is still plenty of cheap central bank liquidity waiting to be pulled back, the situation may not get better before it gets worse,” she said.

“Recession, inflation, stagflation will likely dominate headlines next year.”

London was down 0.8 percent lower and Frankfurt shed 1.1 percent in half-day sessions ahead of the New Year holiday. Paris closed 1.5 percent lower.

On Wall Street, the Dow was 0.7 percent lower while the tech-heavy Nasdaq retreated by 0.8 percent.

“It would appear that people have checked out for the year — and have settled back into holiday mode for New Year celebrations,” Erlam said.

Key figures around 1655 GMT

New York – Dow: DOWN 0.7 percent at 32,978.75 points

London – FTSE 100: DOWN 0.8 percent at 7,451.74 (close)

Frankfurt – DAX: DOWN 1.1 percent at 13,923.59 (close)

Paris – CAC 40: DOWN 1.5 percent at 6,473.76 (close)

EURO STOXX 50: DOWN 1.5 percent at 3,793.62

Tokyo – Nikkei 225: FLAT at 26,094.50 (close)

Hong Kong – Hang Seng Index: UP 0.2 percent at 19,781.41 (close)

Shanghai – Composite: UP 0.5 percent at 3,089.26 (close)

Euro/dollar: UP at $1.0689 from $1.0661 at 2130 GMT on Thursday

Pound/dollar: UP at $1.2066 from $1.2055

Euro/pound: UP at 88.59 pence from 88.44 pence

Dollar/yen: DOWN at 131.84 yen from 133.01 yen

West Texas Intermediate: UP 0.6 percent at $78.84 per barrel

Brent North Sea crude: UP 0.8 percent at $84.10

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FTX Created Money Out of Thin Air Like the Federal Reserve – NYSE Crash Will be Next After U.S. Banks Fail

FTX Created Money Out of Thin Air Like the Federal Reserve – NYSE Crash Will be Next After U.S. Banks Fail

by Brian Shilhavy
Editor, Health Impact News

Pam Martens of Wall Street On Parade exposed in her column today how the FTX crypto exchange, which is now bankrupt because too many people tried to withdraw their funds at the same time exposing how it was all a big Ponzi scheme, operated the same way as the Federal Reserve does in printing money out of thin air.

What does this mean? It means that U.S. banks are just as guilty in running a fraudulent Ponzi scheme as FTX, and that we are just one bank run away where too many people try to withdraw their funds all at the same time where the entire U.S. financial system will collapse.

FTX Was Creating Money Out of Thin Air Like the Fed; and Trading Its Own “Stock” Like the Wall Street Mega Banks in their Dark Pools

If one looks very closely at the structure of FTX, the collapsed crypto exchange now in bankruptcy and causing everything it touched to teeter, it was actually using a technique of the U.S. central bank – the Fed – to create money out of thin air; and a technique we’ve been writing about repeatedly since 2014, Wall Street mega banks trading their own stocks in their own Dark Pools, effectively making a market in their own stock.

Let’s start with our comparison of what FTX was doing to the Fed’s creation of money out of thin air by pushing an electronic button. You don’t have to take our word for what the Fed is doing. The Fed actually created an educational video to explain how it creates electronic money out of thin air. That video was released in 2011 and the spokesman for the Fed says this in the video: “The Fed will not keep buying large amounts of securities on an ongoing basis,” noting that “Its purchases are a temporary measure to help the economy recover.”

At the time of that video on January 14, 2011, the Fed had used its magic money button to buy up $2.2 trillion of debt securities from Wall Street, thus pushing the interest rates on debt instruments artificially lower. And despite that promise that this would be a “temporary measure” the Fed continued over the next decade to use its magic money spigot to the point that it now holds $8.256 trillion of debt securities on its balance sheet and it can’t figure out how to unwind that monster pile of debt securities without collapsing the U.S. economy.

What Sam Bankman-Fried, co-founder and CEO of FTX, did with the help of his colleagues, was to create their own magic money creation tool. It was a crypto token called FTT and was backed by nothing more than the hyped reputation of FTX and Sam Bankman-Fried. In that sense, it traded much like the “stock” of FTX.

And much like the price of debt on Wall Street was levitated by the Fed’s $8 trillion buying binge over a decade, the price of FTT soared through a buying binge by FTX and Sam Bankman-Fried’s own hedge fund, Alameda Research. FTT’s price went from less than $4 in December 2020 to more than $84 in September 2021 – a 2,000 percent gain in less than a year. (And all those sophisticated institutional investors in FTX didn’t find that suspicious?) This morning FTT is trading at $1.61 – despite the fact that some very sophisticated investors in FTX have written down their investment to zero. (Full article.)

Meanwhile, across the pond over in Europe, German authorities are actually planning for bank runs and social unrest as they face blackouts this winter, which would prevent people from being able to withdraw their money in a society that values cash and privacy.

Germany Preparing For Emergency Cash Deliveries, Bank Runs And “Aggressive Discontent” Ahead Of Winter Power Cuts

As Reuters reports citing four sources, German authorities have stepped up preparations for emergency cash deliveries in case of a blackout (or rather blackouts) to keep the economy running, as the nation braces for possible power cuts arising from the war in Ukraine. The plans include the Bundesbank hoarding extra billions to cope with a surge in demand, as well as “possible limits on withdrawals”, one of the people said. And if you think crypto investors are angry when they can’t access their digital tokens in a bankrupt exchange, just wait until you see a German whose cash has just been locked out.

Officials and banks are looking not only at origination (i.e., money-printing) but also at distribution, discussing for example priority fuel access for cash transporters, according to other sources commenting on preparations that accelerated in recent weeks after Russia throttled gas supplies.

The planning discussions involve the central bank, its financial market regulator BaFin, and multiple financial industry associations, said the Reuters sources most of whom spoke on condition of anonymity about plans that are private and in flux.

Although German authorities have publicly played down the likelihood of a blackout and bank runs – for obvious reasons  – the discussions show both how seriously they take the threat and how they struggle to prepare for potential crippling power outages caused by soaring energy costs or even sabotage. They also underscore the widening ramifications of the Ukraine war for Germany, which has for decades relied on affordable Russian energy and now faces double-digit inflation and a threat of disruption from fuel and energy shortages.

As everyone familiar with the recent history of the Wimar Republic Germany knows, access to cash is of special concern for Germans, who value the security and anonymity it offers, and who tend to use it more than other Europeans, with some still hoarding Deutschmarks replaced by euros more than two decades ago.

According to a recent Bundesbank study, roughly 60% of everyday German purchases are paid in cash, and Germans, on average, withdrew more than 6,600 euros annually chiefly from cash machines.

And here is the punchline: a parliamentary report a decade ago warned of “discontent” and “aggressive altercations” in case citizens were unable to get their hands on cash in a blackout. Translation: in case of cash withdrawal halts, German society may very well tear itself apart.

Indeed, there was a rush for cash at the beginning of the pandemic in March 2020, when Germans withdrew 20 billion more euros than they deposited. That was a record, and it worked generally without a hitch.  But a potential blackout raises new questions about possible scenarios, and officials are intensively revisiting the issue as the energy crisis in Europe’s largest economy deepens and winter nears.

If a blackout struck, one option for policymakers could be to limit the amount of cash individuals withdraw, said one of the people. Needless to say, that would be a very bad option for Germany, and for fiat in general (after all, if the FTX bankruptcy is a black eye for crypto, what can one say about fiat if one of the world’s most advanced economies limits access to cash). The Bundesbank processes cash moving through Germany’s shops and economy, removing fakes and keeping circulation orderly. Its massive stocks make it ready for any spike in demand, that person said.

One weakness that planning exposed involves security firms that transport money from the central bank to ATMs and banks. The industry, which includes Brinks and Loomis is not fully covered by law guiding priority access to fuel and telecommunications during a blackout, according to the industry organization BDGW.

“There are big loopholes,” said Andreas Paulick, BDGW director. Armoured vehicles would have to line up at petrol stations like everyone else, he said. The organization hosted a meeting last week with central bank officials and lawmakers to press its case.

“We must preventively tackle the realistic scenario of a blackout,” Paulick said. “It would be totally naive to not talk about this at a time like now.”

How bad could it get? Well, more than 40% of Germans fear a blackout in the next six months, according to a survey last week published by Funke Mediengruppe. And since at least one blackout is virtually assured in the coming months, that means a stampede for the nearest ATM, something the local financial infrastructure will unlikely be able to handle.

As a result, Germany’s disaster office said it recommended people keep cash at home for such emergencies (surely this will inspire confidence).

Meanwhile, another Reuters source notes that German financial regulators worry that banks are not fully prepared for major power outages and view it as a new, previously unforeseen risk. Banks consider a full-scale blackout “improbable”, according to Deutsche Kreditwirtschaft, the financial sector’s umbrella organization. But banks nevertheless are “in contact with the relevant ministries and authorities” to plan for such a scenario, especially since anything banks say is “improbable” tends to happen rather regularly. It said finance should be considered as critical infrastructure if energy is rationed. (Full article.)

The entire world is about to find out just how fragile the technology is, where all it takes to bring down the entire system is to pull the plug on its energy source, electricity.

See Also:

Understand the Times We are Currently Living Through

How to Determine if you are a Disciple of Jesus Christ or Not

Synagogue of Satan: Why It’s Time to Leave the Corporate Christian Church

The End is Near! Stand Firm!

Does Your Family Believe You are “Out of Your Mind”? You’re in Good Company Because Jesus Faced the Same Thing with His Family

What Happens When a Holy and Righteous God Gets Angry? Lessons from History and the Prophet Jeremiah

Healing without Drugs: Western Culture has Lost its Way

The Most Important Truth about the Coming “New World Order” Almost Nobody is Discussing

Insider Exposes Freemasonry as the World’s Oldest Secret Religion and the Luciferian Plans for The New World Order

Identifying the Luciferian Globalists Implementing the New World Order – Who are the “Jews”?

Published on November 16, 2022

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Eagle’s Eye Report: From Truth to Trust … Or NOT !!!

Eagle’s Eye Report: From Truth to Trust … Or NOT !!!


Eagle’s Eye Report: From Truth to Trust … Or NOT !!! (Archived)

Host: Roger Landry (TLB) – Co-Host & Producer: Stephen Roberts

Brought to you by: TLBTalk.com – Where Freedom Roars

Live Broadcast platform: ShakeAndWake Radio Network

Also on PSN Radio and SoFloRadio live.

Listen to Show below intro article

See appropriate links below Show

••••

Intro by: Roger Landry (TLB)

Welcome again to Episode #26 of the Eagle’s Eye Report. This episode is Hosted by myself with Co-Host and Producer Stephen Roberts. The title of today’s show is … From Truth to Trust … Or NOT !!! The intent of this weekly show is to be a mechanism for communicating the truth and facts in a country increasingly forbidding of these very concepts.

No, as I say weekly, this not a pleasant way to introduce a show … but today reality is blatant and not very pleasant in many aspects. Thus the reason, and intent behind the Eagle’s Eye Report.

Our mission is to keep you armed with the vital truth, as well as to present you with a platform where you can discuss these vital issues without fear of censorship or exclusion, that being the sponsor of this show … TLBTalk.com.

Now it’s down to business …

••••

From Truth to Trust … Or NOT !!!

Show Discussion Lead-in Points …

Let’s talk about the things on most of our troubled minds … Let’s talk about executive incompetence. Let’s talk about executive tyranny. Let’s talk about the damage of inflation and the lies it is presented with. Let’s talk about America waking up to the massive COVID crimes committed against us … and those who wish amnesty. Let’s talk about what Republicans can and can’t do once retaking the majority in congress.

Let’s Talk …

The Hill published an op-ed questioning whether President Joe Biden will be removed from office under the 25th Amendment, which can be invoked when a president is considered unable to carry out his duties as commander-in-chief.

After acknowledging that Democrats and the media questioned former President Donald Trump’s mental fitness for office, opinion contributor Merrill Matthews wrote Tuesday that “Biden’s issues are substantively different.”

At times he’s lucid and in control, but at other times he seems baffled and confused,” wrote Matthews, who is a resident scholar with the pro-limited government think tank, the Institute for Policy Innovation. “It’s not unusual to see this behavior in older people.”

Listen to the show for more …

White House Fact Checked After Absurd Social Security Claim 

The Biden Administration’s latest attempt to re-brand terrible economic news as good news was so blatant that even CNN’s fact-checker Daniel Dale called them out.

In a Tuesday tweet, the White House claimed that “Seniors are getting the biggest increase in their Social Security checks in 10 years through President Biden’s leadership.”

Seniors are getting the biggest increase in their Social Security checks in 10 years through President Biden’s leadership.

The White House (@WhiteHouse) November 1, 2022

Except, that’s only because it’s tied to inflation – which has skyrocketed.

That’s quite the spin,” Dale responded, adding “The size of Social Security checks is linked, by law, to inflation. This year’s increase is unusually big because the inflation rate is unusually big.

Listen to the show for more …

In other news with a POP …

In other news, Joe Biden said that inflation is a problem because of the “war in Iraq… excuse me, the war in Ukraine,” adding “I’m thinking about Iraq because that’s where my son died.”

Biden’s son was never in Iraq and died on US soil of brain cancer.

And what did the regime media call Biden’s lie about his son? … ‘Verbal fumbles

Listen to the show for more …

Democrats want to avoid responsibility for COVID crimes

Democrats are beginning to figure out that their power spree during the first two years of COVID was wrong in every single way, and that Americans suffered terribly because of these manifestly wrong decisions. Moreover, it’s becoming obvious that, at all times, they should have known better. For that reason, Democrats are getting excited about a concept The Atlantic is proposing: a “pandemic amnesty.” It’s to be hoped that the millions of ordinary Americans damaged by the Democrats’ COVID policies won’t buy this proposal.

One of the things that’s become apparent almost three years after COVID first hit America is that everything the left said and did was wrong. As was apparent from the cruise ships that had COVID outbreaks in the first half of 2020, we knew from the get-go that COVID victimized old people and people with compromised immune systems, while leaving children and healthy adults almost untouched.

Listen to the show for more …

Will the Midterms Change Anything?

Many experts expect public anger over inflation to enable Republicans to regain a majority in the US House of Representatives and maybe the Senate in next week’s midterm elections. However, even if every close Senate race broke in Republicans’ favor, and the new Republican majority was determined to pass a pro-liberty agenda, there still would not be the votes to override President Biden’s vetoes, or Chuck Schumer’s filibusters. Pro-liberty legislation cutting spending, or protecting our First, Second, and Fifth Amendment rights, or shutting down the Department of Education, or auditing the Federal Reserve, would not become law.

One hoped-for benefit of having Congress in Republican hands is that the Republican desire to deny President Biden any major legislative victories going into the 2024 election means the American people will be safe from more big spending legislation like the misnamed Inflation Reduction Act that will lead to more inflation. It is also hoped that our liberty and prosperity will be safe from attempts to expand government’s role in healthcare and implement the Green New Deal.

Listen to the show for more …

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Eagle’s Eye Report: From Truth to Trust … Or NOT !!! (Archived)

(Click on image below to listen to show)

When those we need to depend on to keep us safe, free, and prosperous … are not up to the task … but it is of no consequence to the elite establishment (puppet masters) … What is the reality of actual freedom in America ???

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Show partially based on the following articles:

The Hill: Biden might be removed by the 25th Amendment

White House Fact Checked After Absurd Social Security Claim

Dems Looking to Avoid Responsibility for COVID Crimes

So … Will the Midterms Change Anything?

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More Episodes of Eagle’s Eye Report (click on image below)

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About the Articles Author Roger Landry (TLB) spent about three decades of his adult life either in, or working for the military, with about two decades working directly for the Military Industrial Complex facilitating DOD contracts. His awakening to Political, Economic, and Health realities was about fifteen short years ago. Since that time he has founded The Liberty Beacon Project (TLB) consisting of a half dozen proprietary global websites, media projects and partner websites across the planet. He contributes regularly to multiple forums both in and outside of TLB Project. Most of his work can be found on the TLB Flagship website TheLibertyBeacon.com

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