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The globalist-led World Bank issued a report recently that proposes the idea of making drastic cuts to global agriculture production in order to achieve “net zero emissions.”
The plot involves centralizing the world’s farms in the hands of just a few wealthy individuals who plan to cut almost one-third of the world’s greenhouse gas emissions by radically altering the way food is grown.
Congressman Thomas Massie introduced the Federal Reserve Board Abolition Act H.R. 8421 Thursday which aims to abolish the private Federal Reserve Bank that has printed U.S. dollars since 1913.
“Americans are suffering under crippling inflation, and the Federal Reserve is to blame,” Rep. Massie said in his press release Thursday. “During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today.”
Should the government bail out big banks that may otherwise go bankrupt? Or should it let them go under, as it did with Lehman Brothers in 2008? Economist Nicole Gelinas, a fellow at the Manhattan Institute, has the answer, and it will have big implications for policymakers when they grapple with the next economic crisis.
The European Parliament has approved a directive that will severely limit the use of cash.
Under the directive, ostensibly aimed at curbing money laundering and the funding of terrorism, anonymous cash payments over €3,000 will be banned in commercial transactions. In business transactions, cash payments over €10,000 will be completely banned. Anonymous payments in cryptocurrencies will also be completely banned.
“Under the guise of combating money laundering, you are actually waging a war against cash which has protected our financial privacy since time immemorial,” said German Pirate Party MEP Partick Breyer—one of the few opponents of the measure—during the plenary session.
This is not the first time we've heard of banks engaging in shady practices concerning Americans' civil liberties. Remember the feds asking banks to look into purchases of things like Bibles, and Bank of America -- who we will talk about here -- gave the FBI a list of anyone who made a transaction in DC between January 5-7, 2021.
Now they've shut down the accounts of John Eastman, a former attorney of President Trump: both Bank of America and USAA, for reasons unknown.
The Bank of America is being warned, in a letter from authorities in 15 states, to start treating customers fairly.
Or face consequences.
The issue is described in a letter, authored by Kansas Attorney General Kris Kobach and joined by many others, to bank chief Brian Moynihan.
It’s over the bank’s practice of “de-banking,” or simply shutting down the accounts and banking rights, of various people and groups with whom to bank disagrees.
The letter, bearing the signatures of officers from Alabama, Arkansas, Idaho, Indiana, Iowa, Mississippi, Missouri, Montana, Nebraska, South Carolina, South Dakota, Texas, Utah and Virginia, too, calls on Moynihan to deliver, within 30 days, a report about his “account-cancellation policies and practices,” his “risk tolerance,” “reputational risk,” “hate” and “intolerance perspectives, and “whether Bank of America considers a customer’s speech or religious exercise—or public perception or other groups’ perception of them—as a component of those policies.”
The letter told Moynihan, “It is nearly impossible to function today as an individual, family, or organization without a bank account, a credit card, and the ability to obtain a loan. Federal and state governments recognize the necessity of these kinds of financial services, which is why they have passed numerous laws to prohibit various types of discrimination in the past. It is also why national banks like yours receive bailouts and many other privileges, courtesy of the American taxpayers.”
Suppose you bring a fur coat to a dry cleaner and later discover that the owner allowed his wife to wear it before cleaning it (an episode from Seinfeld). Or suppose you gave your car keys to a hotel valet and was told he lent your car to teenagers who took it for a joyride while you were sleeping at the hotel. You would not be too happy and for good reason. When you surrendered your clothes or your car keys, it was a bailment. You retained ownership and gave the clothes or car keys for safekeeping. In no shape or form did you surrender ownership of the items or lend out your property.
Suppose you lived in the eighteenth century and had a hundred ounces of gold. It’s heavy, and you do not live in a safe neighborhood, so you decide to bring it to a goldsmith for safekeeping. In exchange for this gold, the goldsmith gives you ten tickets on which are clearly marked as claims against a total of ten ounces. Now, gold is heavy and burdensome to carry, so in a short period of time, those claims will start circulating in place of gold. This is the creation of near monies. This doesn’t mean you have given up your ownership claims on gold but have instead used a simpler way of transferring ownership on this gold.
Resources exist that are said to be the property of society as a whole, things like water and air. Money should be one of those community resources.
Money is required to create and maintain a healthy, prosperous economy. Money should not be a privatized resource any more than water or air should be. One of the main reasons we establish government in the first place is we all need a way to protect the common resources from exploitation by selfish individuals. One of the most important duties of government is to provide a sound (honest) monetary system for the benefit of all not just a greedy few.
Last week I covered the fraud of "fractional reserve banking," the nifty little rule that bankers made up that allows them to claim they have SUBSTANTIALLY more money than they have. For example, if a banker has a million dollars in customer deposits, he gets to say he has ten million dollars. A banker can create nine extra million dollars just by making journal entries. Bankers do nothing to earn that nine million. They just say they have it and we allow them to get away with it. For those of you who missed last week's article, you can read it here.
This is the last in a series written on the workings of our fraudulent banking system. You can find part one here called, "You Can't Bank on the Bankers." You can find part two here called "The Single Largest Crime In World History . . . Bankers steal the sovereign right of nations to create money."
MONEY . . . it's arguably one of the most important resources in our lives and yet most of us have no idea what it really is or more importantly what it's supposed to be. Money is supposed to be a medium of value that allows for a free exchange of goods and services. Money can be anything people commonly recognize as valuable and desirable. Commodities like gold and silver have been used because they have always been recognized as being valuable, relatively rare, durable, easily divisible and readily accepted in exchange for goods and services. The basic idea of money is that it has tangible value that everyone will accept as payment for other items of value.
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