NEWJERSEY: Remember Corzine and the missing $1.6 bullion

https://www.zerohedge.com/markets/youre-absolute-fraud-cme-ceo-terry-duffy-recalls-first-meeting-sam-bankman-fried-march-2022

“You’re An Absolute Fraud”: CME CEO Terry Duffy Recalls First Meeting Sam Bankman-Fried In March 2022
by Tyler Durden
Monday, Nov 21, 2022

*** begin quote ***

Penn professor and forensic accounting expert Francine McKenna summed it up perfectly when she commented on Twitter: “Duffy went to Congress and told them FTX was a bankrupt business model and he was ignored just like he was ignored when he said Corzine knew he had used customer funds and knew where the missing $1.6 bullion was.

*** end quote ***

So why do we need “regulators”, politicians, or bureaucrats who don’t listen.

Same as Made-off and all the other Ponzi operators.

What a circus!

—30—

MONEY: The coming default by the US FED / Treasury?

https://www.zerohedge.com/markets/are-you-ready-coming-us-government-default

Are You Ready For The Coming US Government Default?
by Tyler Durden
Monday, Nov 07, 2022 – 07:20 AM

Authored by MN Gordon via EconomicPrism.com,

*** begin quote ***

The vast herd of investors are a deluded crowd. Following the Federal Reserve’s much anticipated 75 basis point rate hike on Wednesday the major stock market indexes jumped upward.

Optimistic investors keyed in on the Federal Open Market Committee (FOMC) statement and, in particular, the remark that the Fed, “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.”

*** and ***

In other words, this bear market may not bottom out until well into 2025. What’s more, the entire dollar based financial system will likely blow up sometime beforehand.

*** and ***

But many won’t recognize heavy handed monetary policy as reasons for their disappointment. The erosion of purchasing power can be subtle over long periods. Moreover, the effects of currency debasement policies extend to all corners of the economy.

*** end quote ***

Depends upon how you define default. What happens when no one wants to buy US Treasuries?

It’s going to be ugly. As the interest rate goes up, more of the Federal budget should go to interest on the debt. If they don’t cut, then more dollar printing.

A vicious cycle.

Sigh!

But what will be the form of it? Us tin foil hats are trying to guess will they just: “print”, “default on the bonds (i.e., tough <synonym for excrement> you suckers)”, or something involving a FED version of mandatory bitcoin (i.e., cash is recalled just like gold was)?

And, then what will the sheeple do?

—30—

VOCABULARY: “Weaponized Governmental Failure”

https://www.zerohedge.com/political/weaponized-governmental-failure-primer

Weaponized Governmental Failure: A Primer
by Tyler Durden
Saturday, Oct 22, 2022 – 07:40 PM

Authored by Scott McKay via The American Spectator,

*** begin quote ***

Democrats rule over a ruin, but they rule…

*** and ***

Let’s call it Weaponized Governmental Failure. It’s the single most explicative factor in the breakdown of American political consensus in the 21st century, even though it’s been around since the latter part of the 20th century.

The simple definition of Weaponized Governmental Failure is this: it’s the deliberate refusal to perform the basic tasks of urban governance for a specific political purpose.

The crime and the graft and the potholes and the bad drainage, not to mention the spotty trash collection or nonexistent snow shoveling, aren’t incompetence. In fact, none of what you see in the American public sector is incompetence. The people responsible for it are quite highly educated and well-trained in their craft. You just need to understand what their craft is.

It’s a choice to do a poor job with the more mundane tasks of running a city, and an educated and purposeful choice at that. If you do those things effectively, after all, what you will get is middle-class voters moving in. Middle-class voters tend to choose to live in places where they can expect to get actual value out of their tax dollars — good roads, safe streets, functional drainage, decent schools, a friendly business climate, and a growing economy, among other things — and those things are hard to produce when you govern the way the Left does.

Put a different way, middle-class voters are a pain in the ass.

*** end quote ***

The politicians and bureaucrats are the drones of the human hive.

I have often posted that the Gooferment is immoral, ineffective, and inefficient. As well as untrustworthy. And to that “deliberately incompetent”.

Argh!

—30—

VOCABULARY: “Gaslighting” — to sow self-doubt and confusion in their victim’s mind

https://www.zerohedge.com/geopolitical/hopkins-gaslighting-masses

Hopkins: The Gaslighting Of The Masses
by Tyler Durden
Sunday, Oct 16, 2022 – 11:30 PM

Authored by CJ Hopkins via The Consent Factory,

*** begin quote ***

nstead, I want to focus on one particularly effective mind-control technology, one that has done a lot of heavy lifting throughout the implementation of the New Normal and is doing a lot of heavy-lifting currently. I want to do that because many people mistakenly believe that mind-control is either (a) a “conspiracy theory” or (b) something that can only be achieved with drugs, microwaves, surgery, torture, or some other invasive physical means. Of course, there is a vast and well-documented history of the use of such invasive physical technologies (see, e.g., the history of the CIA’s infamous MKULTRA program), but in many instances mind-control can be achieved through much less elaborate techniques.

One of the most basic and effective techniques that cults, totalitarian systems, and individuals with fascistic personalities use to disorient and control people’s minds is “gaslighting.” You’re probably familiar with the term. If not, here are a few definitions:

“the manipulation of another person into doubting their perceptions, experiences, or understanding of events.” American Psychological Association

“an insidious form of manipulation and psychological control. Victims of gaslighting are deliberately and systematically fed false information that leads them to question what they know to be true, often about themselves. They may end up doubting their memory, their perception, and even their sanity.” Psychology Today

“a form of psychological manipulation in which the abuser attempts to sow self-doubt and confusion in their victim’s mind. Typically, gaslighters are seeking to gain power and control over the other person, by distorting reality and forcing them to question their own judgment and intuition.” Newport Institute

*** end quote ***

IMHO the whole Covid fiasco from start to finish has been “gaslighting” the world’s population.  The politicians and bureaucrats did this to transfers huge amounts of wealth into Big Pharma. 

Argh!

—30—

MONEY: Trustless Money

PayPal, Bail-Ins, & The Necessity For Trustless Money
https://www.zerohedge.com/crypto/paypal-bail-ins-necessity-trustless-money
— via my feedly newsfeed

PayPal, Bail-Ins, & The Necessity For Trustless Money
by Tyler Durden
Wednesday, Oct 12, 2022 – 12:08 PM

*** begin quote ***

Sure enough, the URL to the updated AUP was under the paypalobjects.com domain, which anybody in our business knows is real.

The document appeared to have been a PDF version of the forthcoming new AUP which was due to roll out in early November. It has since been replaced by the blank page however the original is still available via Archive.org

*** and ***

“It’s a bell that can’t be un-rung”.

I’ll tell you a couple other bells that can’t be un-rung:

When the Canadian government unilaterally seized bank accounts of not only the truckers who protested vaccine mandates in Ottawa (most of which are now gone anyway), but also designated the accounts of citizens who legally donated via GoFundMe or GiveSendGo as targets (sourced from a spreadsheet that somebody hacked from a third-party website, btw), that was a bell that can’t be un-rung.

*** and ***

The bells have been ringing for awhile:

In 2013, during the banking crisis in Cyprus, the first “bail-in” was enacted, when depositors’ savings were confiscated from their bank accounts to recapitalize a banking system that had over-leveraged itself through excessive bad debts to zombie companies.

*** and ***

How much of your wealth is reliant on trusting external, opaque systems and complying with their increasingly one-sided, ephemeral and arbitrary policies, expectations or whims?

Versus, how much of your own money do you have outside of the fiat banking, Big Tech operated monetary system?

Because one morning you may wake up to find out that’s all you have left.

*** end quote ***

Certainly seems that one should have some “wealth” outside of the financial / banking system.  That could be “cash”; although inflation makes that an expensive depreciating asset.  Metals that could be used as barter.  And, bitcoin, assuming that you have power and the inet.  Interesting that in Germany, “firewood” is the new gold!  Imagine not having heat or food in a First World country like Germany due to the complete and utter stupidity of their Gooferment.  

—30—

ECONOMICS: Cryptocurrency — no regulation needed — Caveat Emptor

https://www.zerohedge.com/crypto/secs-reckless-crusade-crush-cryptocurrency-market

The SEC’s Reckless Crusade To Crush The Cryptocurrency Market
by Tyler Durden
Wednesday, Sep 28, 2022 – 08:20 PM

Authored by Gerard Scimeca via RealClearMarkets.com

*** begin quote ***

The outcome of the SEC case against Ripple is critical in not just establishing a fair and just baseline for the protection of crypto investors, but as a test case in setting boundaries to stop overreach by federal agencies seeking to advance their power at the expense of efficiency. Crypto is popular and growing precisely because of its efficiency, flexibility, and vast utility in financial markets, benefits that can easily be quashed through intrusive and heavy-handed regulation. The ultimate arbiter of these issues is Congress, who must act, and soon, to help establish a clear framework to regulate crypto, and to limit the SEC’s power to occupy spaces where it simply does not belong.

*** end quote ***

Sorry, but all the Gooferment ever does is impede progress.

Is an “unregulated” market “dangerous”?

No, let the buyer beware and let the “invisible hand” of the free market quickly and efficiently discipline bad actors.

No bureaucrats required.

—30—

IPHONE: Mike Lindell is an object lesson in backup and recovery

https://www.zerohedge.com/political/i-got-bad-news-you-mike-lindell-speaks-out-after-fbi-seizes-phone

“I Got Bad News For You”: Mike Lindell Speaks Out After FBI Seizes Phone
by Tyler Durden — Thursday, Sep 15, 2022 – 11:20 AM
Authored by Eva Fu via The Epoch Times (emphasis ours),

*** begin quote ***

MyPillow CEO Mike Lindell was picking up food at a fast food chain drive-through when three cars driven by federal agents blocked him.

*** and ***

“Well, I got bad news for you: we are going to take your cell phone,” Lindell remembered the agents saying.

“No you are not, I’d rather be arrested, you are not going to get my phone,” he replied. Since he doesn’t have a computer, he said his phone was an essential device that he leans on to run his five businesses.

“They want people to be scared to talk to Mike Lindell,” Lindell, who relented and handed over his phone after consulting his lawyer, told The Epoch Times on Wednesday.

“You might get your phone taken at a drive-thru restaurant, you might get your door bashed in by the FBI,” he said, noting the string of FBI subpoenas for allies of former President Donald Trump reported in recent weeks.

While Lindell initially thought the FBI was interested in him as part of the House probe into the Jan. 6 Capitol breach, the agents told him they had two separate cases in which he is named.

*** and ***

The FBI turned down Lindell’s request to back up his phone. “That was something that really upset me,” he said, adding that his last phone backup was from a couple of weeks earlier.

But the recent FBI actions, he said, won’t dissuade him from his advocacy efforts.

“The government weaponized the FBI, trying to scare me, trying to scare other people, but it didn’t change a thing,” he said. “This is Gestapo in Nazi Germany. This is what we’re up against.”

“It didn’t rattle me,” he added. “I’m not going to unsee what I’ve seen.”

Regarding his phone, Lindell is confident that the FBI will realize “there’s nothing in here.”

“I do all things by calls, I rarely text, and I never email,” he said. “So whatever they’re looking for, they’re going to be on a wild goose chase.”

Lindell’s lawyer is working to get his client’s phone back, and meanwhile, Lindell says he has already moved on.

*** end quote ***

“his last phone backup was from a couple of weeks earlier.”

Maybe I should apply for a job as his IT guru.  If that phone is his “lifeline”, then he should have a hot back up.

Didn’t say if it was an iPhone.  If it was he could have a hot backup to iCloud.  

I don’t do anything important and I have a backup phone and a backup computer.

Remember “2 is 1; 1 is none! redundant capability; not redundant gear!”

There’s no excuse for only one back up that weeks old.

Argh!

—30—

CRYPTO: Be afraid; Be very afraid; the Gooferment crypto is a trap

https://www.zerohedge.com/economics/central-bank-digital-currencies-are-coming-what-will-consequences-be

Central Bank Digital Currencies Are Coming – What Will The Consequences Be?
by Tyler Durden
Friday, Jul 15, 2022 – 04:20 PM

*** begin quote ***

Currencies are the lifeblood of trade and the economy; if a currency fails, the entire economy fails. Yet, most people rarely think about the health or buying power of the money in their pocket. People don’t research how often currencies actually falter and how common it is for inflation or stagflation to strike nations. They just assume that the money they have will be as useful tomorrow as it is today. They also assume that money will never change in a dramatic way.

This lack of interest in how money works is likely due to the fact that people are not taught how their money is created. It’s not discussed in schools, the truth is avoided in colleges and the mainstream news rarely mentions it. People think our government and treasury handles all of that, but the reality is that our government does NOT create our money; at least, it’s not in charge of the process. Central bankers are, and they operate from a “quasi-independent” position.

*** and ***

The public would never readily accept CBDCs as money unless their existing money lost most of its buying power and the current system was in the gutter. This is how new levels of empire are born; a major crisis allows for the elites to consolidate control while the people are distracted by their own private disasters. The big picture is changed while each person is terrified by their own small picture calamity.

*** end quote ***

The Gooferment’s digital currency can be switched off from HeadQuarters and then all the little people are screwed!

—30—

POLITICAL: Will illegal work on banned biological weapons be exposed?

Escobar: Russia Rewrites The Art Of (Hybrid) War
Zero Hedge by Tyler Durden / May 22, 2022 at 07:02AM

https://www.zerohedge.com/geopolitical/escobar-russia-rewrites-art-hybrid-war

*** begin quote ***

That’s not gonna happen. Moscow is fully aware that going public with illegal work on banned biological weapons is an existential threat to the US Deep State. Especially when documents seized by the Russians show that Big Pharma – via Pfizer, Moderna, Merck and Gilead – was involved in several “experiments”. Fully exposing the whole maze, from the start, was one of Putin’s stated objectives.

*** end quote ***

Will Russia be allowed to let the Deep State “cat” out of the proverbial bag?

What will “We, The Sheeple” think?

If it happens before the 2024 election does it ensure a DJT or Desantis  presidency?

—30—

GOVEROTRAGEOUS: Bioweapons At US-Linked Ukraine Labs

https://www.zerohedge.com/geopolitical/pentagon-says-pathogens-us-linked-ukraine-labs-not-offensive-bioweapons

Pentagon Clarifies There’s No “Offensive” Bioweapons At US-Linked Ukraine Labs
BY TYLER DURDEN
SATURDAY, APR 02, 2022 – 04:30 PM
Authored by Dave DeCamp via AntiWar.com, 

*** begin quote ***

A Pentagon official told Congress on Friday that there are no “offensive” biological weapons in any of the dozens of US-linked labs in Ukraine.

“I can say to you unequivocally there are no offensive biologic weapons in the Ukraine laboratories that the United States has been involved with,” Deborah Rosenbaum, the assistant secretary of defense for nuclear, chemical, and biological defense programs, told the House Armed Services subcommittee.

*** end quote ***

So correct me if I am wrong but the Pentagon has just ADMITTED that there are US biological weapons labs in the Ukraine.

And we wonder why Putin is pissed?

If Russia had biolabs in Mexico or Canada, then what would be the USA reaction?

Argh!

—30—

RANT: Let the research begin on what was on the laptop,

https://www.zerohedge.com/political/matt-gaetz-enters-hunter-biden-laptop-data-congressional-record

Matt Gaetz Enters Hunter Biden Laptop Data Into Congressional Record
BY TYLER DURDEN
WEDNESDAY, MAR 30, 2022 – 04:20 PM
Authored by Ken Silva via The Epoch Times (emphasis ours),

*** begin quote ***

“I seek unanimous consent to enter into the record on this committee the contents of Hunter Biden’s laptop, which I am in possession of.”

*** end quote ***

I look forward to the “muckrakers” exposing all the corruption to the light of day.

—30—

ECONOMICS: The economy has yet to recover from covid, but the stock market is being inflated

https://www.zerohedge.com/markets/nothing-has-changed-except-everything

Nothing Has Changed, Except For Everything
BY TYLER DURDEN
MONDAY, MAR 28, 2022 – 09:30 AM

*** begin quote ***

The signs and symptoms I’m paying attention to are as follows (read this list slowly, and take it all in):

  • We have a market that saw the NASDAQ (an index) rise about 120% in less than 2 years off its March 2020 lows, despite the fact that our economy never materially recovered during the same period of time.
  • Our money supply (M2) rose between 21.7% and 26.92% year over year, between April 2020 and February 2021. Its long term YOY average rise, including this data, is just 7.16%. Prior to 2020, most YOY growth was between 3% and 5%.
  • Our inflation rate is at its highest point in about 30 years, and that is using a totally different method for measuring inflation than we used to. If we used the standards for measuring CPI in the 1980s, inflation would likely be at all time record highs for our nation.
  • We have the most material hot war in Europe since World War II taking place, with little visibility on how it will end. At the same time, relations with Russia and China have not been this contentious in decades. Russia and China also look to be posing a serious, calculated challenge to the U.S. dollar’s reserve status.
  • As I pointed out days ago, stocks relative to GDP are also in uncharted territory, where reversion to the mean would mean a minimum of a 40% drop from here.

But hey, Jim Cramer says he thinks “the bear market is over”. He’s on CNBC. I’m not.

*** end quote ***

Hard to imagine what will happen when the politicians and bureaucrats have “managed” the US into a horrific depression.

Sigh!

It’s not going to be pretty for the non-rich.

—30—

MONEY: Has time finally run out?

https://www.zerohedge.com/personal-finance/peter-schiff-warns-tucker-carlson-inflation-only-has-one-way-go

Peter Schiff Warns Tucker Carlson: Inflation Only Has One Way To Go!
BY TYLER DURDEN
TUESDAY, MAR 15, 2022 – 08:11 AM
Via SchiffGold.com,

*** begin quote ***

Last week, we got another big jump in consumer prices with the February CPI data. Peter Schiff appeared on Fox News with Tucker Carlson to talk about the rampant inflation. He said it’s only going to get worse. Inflation only has one way to go.

*** end quote ***

I’ve blogged about this self-inflicted national disaster for decades.  Been aware of the problem since the late 60’s.

And, I hope that I don’t I’ve to see some very ugly chickens come home to roost.

The problem is the FED! The Federal Reserve Bank is a misnomer. IT ain’t “federal”. It reserves nothing. And, it ain’t a “bank”. It is a private cartel of the elite banks run for their benefit and that of the entrenched politicians.

When will “We, The Sheeple” wake up?

If, ever!

—30—

VOCABULARY: “The Overton window”

https://www.zerohedge.com/crypto/overton-window-bitcoin

The Overton Window & Bitcoin
BY TYLER DURDEN
SATURDAY, FEB 12, 2022 – 09:00 PM
Authored by ‘DON’ via BitcoinMagazine.com,

As Bitcoin enters the mainstream conversation, it is becoming increasingly common for politicians to embrace or disparage the technology…

*** begin quote ***

“The Overton window is the range of policies politically acceptable to the mainstream population at a given time. It is also known as the window of discourse.

“The term is named after American policy analyst Joseph P. Overton, who stated that an idea’s political viability depends mainly on whether it falls within this range, rather than on politicians’ individual preferences. According to Overton, the window frames the range of policies that a politician can recommend without appearing too extreme to gain or keep public office given the climate of public opinion at that time.”

*** end quote ***

Can’t stop BITCOIN because it fulfills a basic human need — the ability to save financial wealth from the rapacious of seizure by central Gooferments!

—30—