A Rogue Institution and a Clear and Present Danger to Liberty in America

We have never heard more gibberish, double talk, and lies from one podium than we have from Fed Chairman Powell.

There is no other way to say it: The Fed has become a dangerous rogue institution that has usurped plenary power over the financial system.

This is all based on implicit theories that eventually lead to a massive speculative blow-off, even as it sucks the vitality out of the Main Street economy in the interim.

The implicit theory is brazenly simple: The Fed believes that relentless credit expansion fosters greater economic growth and full employment. It believes that there is no practical limit to how much debt the household, business, and government sectors of the economy can tolerate or any notable adverse trade-offs from ever-higher leverage ratios.

Self-evidently, lower interest rates foster more debt issuance.

When economic growth falters for any reason, the Fed’s first action is to push rates even lower. This ratcheting process has gone on for more than three decades, and interest rates have, for all practical purposes, been obliterated.

The chart below takes all the short-run bobbing and weaving out of the GDP data by showing the rolling 20-year average of annual growth.

It is dispositive.

By 2019, the rolling 20-year growth trend had fallen to 2.1% per annum—a figure less than half of the 4.4% level in place exactly 50 years ago.

The above dismal trend line was not for want of trying with the debt elixir.

At the end of 1969, total public and private debt (blue area in the chart below) stood at $1.54 trillion, which has since mushroomed to, well, nearly $78 trillion!

In exactly half a century, the level of debt weighing on the US economy attributable to all borrowers—households, businesses, governments, and financials—is up by 51X.

However, at the same time, the national income or nominal GDP (red area in the chart below), which supports it, has risen by only 21X.

That alone points to the skunk in the woodpile.

https://internationalman.com/articles/a-rogue-institution-and-a-clear-and-present-danger-to-liberty-in-america/

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Needless to say, once you get in the price control business for debt, you are inherently in the price control business for all financial assets because the cost of the former drives the discount rate for equities and other long-duration assets.

It is the most egregious folly ever imagined.

It causes a massive windfall to the top 1% and 10%, which own 53% and 88% of the stock, respectively. It also fuels a self-reinforcing speculative mania that eventually collapses under its own weight.

In a debt-saturated system, the Fed’s massive bond purchases never transmit anything outside the canyons of Wall Street. This money-printing madness only drives bond prices higher and cap rates lower. This means relentless and systematic inflation of financial asset prices.

As a practical matter, the bottom 90% don’t own enough stock or even inflated government and corporate bonds to shake a stick at. Instead, what meager savings they have accumulated languish in bank deposits, CDs, or money market funds earning exactly what the Fed has decreed—nothing!

So, when Powell says he’s only trying to help the average American, you have to wonder whether he is just stupid or the greatest lying fraud yet to occupy the Fed’s big chair.

It doesn’t matter why. The Fed is now a rogue institution that comprises a clear and present danger to the future of prosperity and liberty in America.

Editor’s Note: The truth is, we’re on the cusp of a economic crisis that could eclipse anything we’ve seen before. And most people won’t be prepared for what’s coming.

That’s exactly why bestselling author Doug Casey and his team just released a free report with all the details on how to survive an economic collapse. Click here to download the PDF now.

https://internationalman.com/special-report/guide-to-surviving-and-thriving-during-an-economic-collapse/

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Customs And Border Protection Bought Half A Million Dollars Worth Of Location Data

Customs and Border Protection (CBP) just got its hands on a whole bunch of location data. The news service Motherboard (Vice’s technology segment) uncovered a procurement order for $476,000 paid to the company Venntel Software last month. Venntel specializes in location data mining, compiling and selling GPS data gathered on users from various phone apps.

Sources who work with Venntel gave Motherboard more insight into the type of data the government now has its hands on.

Venntel’s technology only gives anonymized data, meaning it does not identify specific people or phone numbers. It gives only a randomized identification number. BUT there is an easy way to identify the owners of the phone.

The technology allows the CBP to draw a perimeter around a geographical area, and obtain the location data for any phones in that area. In this way, CBP could draw a circle around one particular home, acquire the data from it, and surmise that the few devices in that home belong to the homeowners.

What this means:

This allows Customs and Border Protection to ignore laws that require them to obtain a warrant before surveilling particular subjects. They simply purchase the data, instead of having to show probable cause that a crime has been committed.

And keep in mind that CBP does not just target immi'It’s just a question of, one, is it ethical, and two, does that open up the information to being released elsewhere?,'grants. They recently flew their surveillance drones over cities outside the border zone to help other local and federal law enforcement agencies identify and monitor protesters. Of course, CBP is being tight lipped about what exactly the Venntel software will be used for.

A CBP spokesman said:

"Consistent with its border security and law enforcement authorities, CBP has acquired limited access to commercial telemetry data through the procurement of a limited number of licenses to a vendor provided interface."

This is not the first government agency to use this loophole to skirt the intent of the Fourth Amendment– which requires a warrant to collect certain personal information on people. In June, the House Oversight Committee opened an investigation into Venntel’s sales of personal data to the Department of Homeland Security, Internal Revenue Service, and Federal Bureau of Investigation.

Users generally have to consent in cell phone applications to allow this type of data to be collected for marketing purposes. But that consent does not include government surveillance.

What you can do about it:

Of course, the fewer apps you give permission to share your location with, the less vulnerable you will be to this particular software identifying you. In a recent, exclusive interview for Total Access (Sovereign Man’s top-tier service), Simon talked to a world-class security expert who worked in military cybersecurity.

He gave some tips on how to stop your devices from handing out your personal data.

https://www.zerohedge.com/markets/customs-and-border-protection-bought-half-million-dollars-worth-location-data

America-Hating Democrat Ilhan Omar Praises Violent “Uprisings” in Minneapolis and Kenosha to “Fundamentally Change America

Top Democrat Rep. Ilhan Omar (D-MN) was out trashing America, her adopted country, and praising the rioters torching and looting in Minneapolis and Kenosha, Wisconsin.

On Sunday Ilhan Omar praised the “uprisings” in Minneapolis and Kenosha to “fundamentally change” America.

Ilhan handily won her primary in August.

She holds a deep seated hatred for this country that gave her so much.

She came from the failed state of Somalia where her father was the top propaganda officer in the genocidal regime.

https://www.thegatewaypundit.com/2020/09/america-hating-democrat-ilhan-omar-praises-violent-uprisings-minneapolis-kenosha-fundamentally-change-america-video/

Boris Johnson Sets New Oct. 15 Deadline For Brexit Trade Talks With Brussels

With rumors about the EU potentially pushing for another extension to Brexit talks emerging in the British press, UK Prime Minister Boris Johnson has reportedly delivered an ultimatum to the EU and its top negotiatiors that if there's no final Brexit trade deal in place by the European Council meeting on Oct. 15, then Britain will simply move ahead with plans to exit the transition period with a trading arrangement on "Australian" (read: bare bones WTO) terms.

This latest threat was first reported by the Telegraph, and previews a statement that Johnson will reportedly deliver on Monday, ahead of the beginning of the eighth round of talks, which is set to start on Tuesday in London.

Since they started in February, talks have reportedly gone nowhere since they started in February as the EU's demands re: Britain and the EU now have just five weeks to strike a trade deal, Boris Johnson will warn on Monday as he rules out extending negotiations beyond the middle of next month.

The PM is reportedly expected to declare that there's simply "no sense" in allowing talks to continue past the October European Council meeting (Oct. 15-16), which is seen as a key opportunity for the EU to finalize the agreement with all of its member states, which would avoid the possibility of a laborious last-minute sprint, or another politically unpalatable extension, something Johnson has insisted he cannot - and will not - tolerate.

Johnson has tasked Michael Gove, a senior cabinet official and one-time rival for the Tory leadership and prime minister's seat, with preparing the government for a 'no deal' exit, and the editors of the Telegraph have insisted that the government's preparations have continued throughout the pandemic, and that Johnson believes the UK will be ready to keep all four of its constituent nations together, and outside of the EU, if things don't pan out.

One strategy that the Tories are embracing to ensure a clean break if a long-term trade deal can't be reached is to pass a law that would effectively invalidate Britain's commitments under the hated "Irish Backstop". The FT, which first reported the news, cited several officials from the EU and UK side who insisted that effectively going back on Britain's word would sabotage the Brexit talks, effectively ensuring that the UK comes crashing out of the EU at the end of the year.

But what a difference a year makes. If the UK slides out of the EU at the end of the year, there's little critics can say that hasn't already been said, and ignored, by the British people, who effectively doubled down on their commitment to leave the EU when they reelected the conservatives during a snap vote late last year.

https://www.zerohedge.com/geopolitical/boris-johnson-sets-new-oct-15-deadline-brexit-trade-talks-brussels

Tennis fans in shock as top-seed Novak Djokovic KICKED OUT of US Open after hitting judge with ball

A winning streak for the US Open Number One seed Novak Djokovic has ended abruptly after he "accidentally" hit a line judge with a ball right in the throat. The incident earned the Serb a disqualification.

The game against Pablo Carreno Busta did not go well for the men’s number-one tennis player; Djokovic was trailing 5-6 in the first set in the fourth round. He lost his own serve after being treated for pain in the left shoulder.

The Serbian star then took a ball from his pocket and, with his racket, sent it flying towards the back of the court, seemingly out of frustration. The ball ended up hitting a lineswoman, who was standing behind him, in the throat.

However, there were also those who criticized the flamboyant player, saying the incident was consistent with his habit of launching “wild balls” on court.

Awful to see an official hurt, but I’ve seen Djokovic do the same thing so many times and narrowly miss an official with a wild ball. Glad he’s finally been punished for his temper. Tho of course he tried to talk his way out of it because the rules couldn’t possibly apply to him.

— Ricky McFadden (@rickyjmcfadden) September 6, 2020

https://www.rt.com/sport/500018-djokovic-disqualified-us-open/

Pope Francis warns there’s a ‘plague WORSE than Covid’… and that is ‘gossip’

A “plague worse than Covid” is threatening to divide the Roman Catholic Church, the pontiff has said, urging the faithful to abstain from “gossiping” and warning against airing all their grievances in public.

Delivering his weekly blessing on Sunday, Pope Francis seemingly strayed away from the topic and yet again warned against “gossiping” within church communities and among the top church bureaucracy.

“Please brothers and sisters, let’s try to not gossip,” the pontiff urged. “Gossip is a plague worse than Covid. Worse. Let’s make a big effort: no gossiping!”

While the Pope did not provide any figures, the gossiping “plague” is likely affecting significantly more people than the dreaded coronavirus. Worldwide, some 26 million Covid-19 cases have been registered, including more than 880,000 deaths.

If “something goes wrong” one should offer “silence and prayer” to those who made a “mistake” instead of bringing the matter public, Francis said, warning that the devil is ultimately the “biggest gossiper.”

“The devil is the great gossip. He is always saying bad things about others because he is the liar who tries to split the Church,” the Pope continued.

His remarks came as he commented on a gospel about the need to correct others privately if they do something wrong, and to bring the matter to the “community” only if the person refuses to straighten up. The Roman Catholic Church has long relied on such a “fraternal correction” concept among its hierarchs, without making internal church affairs public.

https://www.rt.com/news/500014-pope-coronavirus-gossip-plague/

Mali's Military Coup Leaders Announce Cancellation of Curfew Across Country

Representatives of the military who took power in Mali have announced the cancellation of the curfew across the country, the National Committee for the Salvation of the People said on Sunday.

According to the committee's statement, a curfew that had been in force for more than two weeks after the toppling of President Ibrahim Boubacar Keita in August is canceled.

The coup rocked the West African country on 18 August when a group of Malian soldiers initiated an uprising at a military base near Bamako, the capital of Mali. The military demanded political reforms, a transition of power, and a new general election. Rebels kidnapped several high-ranking officials, including President Keita and Prime Minister Boubou Cisse. Keita subsequently announced the resignation of the government and parliament.

Leaders of countries around the world as well as international organizations have condemned the coup, with the West African ECOWAS union closing its borders and cutting political and economic ties with Mali.

The rebels established the National Committee for the Salvation of the People under the leadership of Colonel Assimi Goita, who was previously the commander of military forces in central Mali.

Representatives of the Malian military and the ECOWAS delegation have not yet reached an agreement regarding conditions for the transition to a civilian-led government.

https://sputniknews.com/africa/202009061080384202-malis-military-coup-leaders-announce-cancellation-of-curfew-across-country/

>>10550115

yep he wasn't even looking when he hit it

He called out Rona early on

Lovie Smith’s Son, A Former NFL Coach, Indicted On Charges Of Sex Trafficking, Operating A Prostitution Ring

CHANDLER, Arizona — A State Grand Jury indicted former Tampa Bay Buccaneers safeties coach Mikal Smith on charges of “Conspiracy, Illegally Conducting an Enterprise, Money Laundering in the First Degree, Pandering, Receiving Earnings of a Prostitute, Sex Trafficking, and Threatening or Intimidating.” His co-defendant, Aprel Mae Rasmussen, was indicted on charges of “Conspiracy, Illegally Conducting an Enterprise, Money Laundering in the First Degree, and Pandering.”

Between December 2018 and September 2019, Smith and Rasmussen are accused of operating and maintaining an illegal prostitution enterprise. It is alleged that Smith and Rasmussen induced and encouraged an adult female victim to engage in acts of prostitution for over two months. Smith purportedly used constant surveillance and threats of retaliation to keep the victim under his control.

A detective with Chandler Police Department conducted the investigation. Assistant Attorney General Rachel Nava is prosecuting this case.

https://breaking911.com/lovie-smiths-son-a-former-nfl-coach-indicted-on-charges-of-sex-trafficking-operating-a-prostitution-ring/

Former Calif. City Councilman, 71, Arrested In Wife’s Murder

LOS ANGELES — A 76-year-old man was charged with fatally shooting his wife of more than 50 years at their Bell home.

Former Bell city councilman Danny Lee Harber, 76, faces one count of murder.

Harber pleaded not guilty to the charge.

Harber is charged with fatally shooting Donna Harber, 81, in the early morning hours of September 1, prosecutors said. A friend told KABC that Donna Harber had dementia, and her husband had been “saddened and frustrated” with her mental health.

“He was a straightforward man and he loved his wife and his family. He was always talking about looking forward to the weekend to take his wife places, they used to travel a lot,” Former Bell Mayor Violeta Alvarez told KTLA. “And I know they loved each other a lot.”

Bail is scheduled at $2,000,000. Harber faces a possible maximum sentence of 50 years to life in state prison if convicted as charged.

The case remains under investigation by the Los Angeles County Sheriff’s Department.

https://breaking911.com/former-calif-city-councilman-71-arrested-in-wifes-murder/

Acts 1:11

"Men of Galilee," they said, "why do you stand here looking into the sky? This same Jesus, who has been taken from you into heaven, will come back in the same way you have seen him go into heaven."

Google & Twitter Insider: Algorithms Could Censor Entire Trump Movement Simultaneously

An upcoming bombshell book from Breitbart News investigative reporter Allum Bokhari interviews a source that has worked at both Google and Twitter, who exposes how the AI algorithms used by Big Tech platforms are being trained to target conservatives.

The book, #DELETED: Big Tech’s Battle to Erase the Trump Movement and Steal the Election, will be published by Center Street on September 22, and is currently available for preorder. Sources close to Google and other tech giants say the book will “shake the foundations of Silicon Valley.”

One former Twitter and Google employee, who spent over a decade working in Big Tech companies, spoke to Bokhari about the “quality ranking” that major tech companies assign their users.

This secret score, which has eerie similarities to China’s “social credit” system, is used by tech platforms to determine whether their users are a source of value for the company, or whether they are “abusive,” and a detriment to other users.

The source reveals how the term “abusive,” which previously only applied to non-political behaviors like spamming and the posting of obscene content, has been turned into a tool to train AI algorithms to censor the right.

These algorithms are being taught, by Big Tech’s most anti-Trump employees, that “abusive” behavior includes things like “hate speech,” “misinformation,” the posting of “conspiracy theories,” and other behaviors subject to highly political definitions.

The source also alleges that an account’s “quality” score can be lowered simply by following or sharing material from other accounts considered “abusive,” allowing algorithms to censor entire networks of people at the same time.

The insider goes on to explain how these algorithms are being rolled out across multiple tech platforms, and will result in the wholesale suppression of the Trump movement — just in time for the election.

https://www.breitbart.com/tech/2020/09/06/google-twitter-insider-algorithms-could-censor-entire-trump-movement-simultaneously/

>>10550342

need an international version

>>10550371

Corsi, Shipp, Steele = 5th column imo

>>10550397

steele

always says something good then goes into slave colonies on mars, ensuring any normie will run a mile

>>10550458

https://b8b08ef1-7f45-434d-b91d-bdfb4626231b.filesusr.com/ugd/f9aeb3_934818f349de4571acfb0a3f13a6608f.pdf

Victoria's slow-pace coronavirus lockdown exit

Victoria's ultra-cautious roadmap out of its lockdown, outlined by Premier Daniel Andrews on Sunday, reinforced the strong message that came from Friday's National Cabinet.

Premiers are in the driving seat of exiting COVID-19 restrictions, and they are imposing the strictest speed limits — much slower than Prime Minister Scott Morrison would like — and ignoring federal government pressure.

Western Australia's Mark McGowan defied Morrison's plan on Friday. Queensland's Annastacia Palaszczuk made it clear she won't open her state's border with New South Wales until she's good and ready.

Now, unsurprisingly, Andrews has indicated he will not be hurried, despite the cries from business and the sound of Canberra's grinding teeth.

For the latest news on the COVID-19 pandemic read our coronavirus live blog.

Andrews stressed his timetable was "not what many people want to hear — but it is the only option". He warned "you can't run" out of lockdown — or there would be a third wave.

The Federal Government doesn't think it is the only option, and it didn't mince words in a statement quickly issued from the PM, Treasurer Josh Frydenberg and Health Minister Greg Hunt (the latter two are Victorians).

"To extend lockdown arrangements will be hard and crushing news for the people of Victoria," they said.

Just in case anyone doubted where to sheet blame, this was "a further reminder of the impact and costs that result from not being able to contain the outbreaks of COVID-19".

The statement stressed the roadmap was "a Victorian government plan", distancing the feds from any ownership.

https://www.abc.net.au/news/2020-09-07/coronavirus-victoria-lockdown-roadmap-andrews-morrison-at-odds/12635318

Victoria Deputy Chief Health Officer Allen Cheng

RED DAWN