COVID-19 Depression: Trump Needs a War – Global Research

covid-19-depression:-trump-needs-a-war-–-global-research

05-04-20 07:07:00,

It is seriously astounding how fast the economy is crumbling. No infusion of funny money will save the American people from the historically severe depression now evolving.

State and federal governments are becoming more authoritarian in response to serious influenza (critical data on the transmission of the disease is absent, muddled, contradictory, and the corporate media feeds a frenzy of fear and paranoia based on conflicting, revised, and often speculative numbers). 

Critical supply lines foolishly based on the globalist profit-maximizing concept of “just in time” are now breaking down. How long do you suppose unemployed service industry and gig-economy workers will tolerate a serious shortage of food and other essentials before looting stores like the poor and hungry of Palermo? How long before armed citizens begin taking what they need and the military is called in to restore order and confiscate weapons like they did during Katrina? All hell will break loose from Baltimore to Seattle and the government may impose martial law (it can be argued we are already under a soft form of martial-medical law, half of us confined to our homes, the equivalent of house arrest, scared to death of a virus they now say can spread by merely opening of one’s mouth and speaking and thus allowing viral-laden breath to drift in the air). 

I don’t believe the state will be able to meet the needs of a third or more of an unemployed workforce—angry, desperate, and eventually violent as a dystopian nightmare spreads across the land. Congress and Trump’s onetime $1,200 check will certainly not satisfy the unemployed for long—in many cases, that’s not even a month’s rent. Millions of Americans stood by and watched as the Federal Reserve dished out a trillion and a half bucks to the banks and the financial elite. 

Mark Twain said something about history rhyming. It looks like a big fat sonnet is about to unfold and knock us flat. Historians argue whether FDR did or did not secretly agree with Churchill to get the US involved in the war in Europe and thus put an end to a stubborn depression. It did—and the military-industrial machine returned prosperity to depression and war-weary Americans while building a sprawling national security structure behind the scenes to face an exaggerated enemy,

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Culture Jamming with Extinction Rebellion – #PropagandaWatch

culture-jamming-with-extinction-rebellion-–-#propagandawatch

05-04-20 01:31:00,

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How Gullible Politicians Promoted Global Economic Destruction And Threw Us Into The Abyss Of Serfdom

how-gullible-politicians-promoted-global-economic-destruction-and-threw-us-into-the-abyss-of-serfdom

05-04-20 01:28:00,

Authored by Antony Mueller via Medium.com,

Anyone with some basic knowledge in mathematical modeling who had taken a look at the structure of the “Imperial College”-model would have noted the faults of this approach and its exaggerations. The model’s prognosis that the United Kingdom would have to count with more than half a million deaths and a complete overload of its health system reversed the British government’s earlier decision to use prudential surveillance and specifically targeted intervention and to shift to the full-control strategy, which required massive intervention into the public and private life of the nation. The leaders of other countries that were somewhat still in doubt jumped on the bandwagon and the march into a tyrannical State was programmed.

It was too late when the authors of the model finally revised their original estimate from 500 thousand to 20 thousand and later on lowered this number even more. The governments had already set into motion their emergency plans.

After declaring the coronavirus a pandemic by the World Health Organization (WHO), agendas that had been prepared years ago were set into motion and the state agencies followed the procedures that were prescribed by the International Health Regulations (IHR) as the international legal instrument that is binding on 196 countries across the globe, including all the Member States of WHO.

Even now, months after the outbreak of the virus, the true size of the threat remains unclear. The quantitative basis is still too small to make a reliable projection.

If the modelers and the responsible government bodies had looked at the basic numbers instead of elaborating an apparently sophisticated model, they would have noticed that there has been no noticeable rise of the death rate. A look at the overall death statistics shows flat lines with fluctuations within its natural range. Even in Italy, there has not yet been a higher number of deaths than usual in the past couple of months. In absolute numbers, the death count is actually slightly down because of the seasonal factor that wintertime is over.

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Roche does not have to pay US$685m fine

roche-does-not-have-to-pay-us$685m-fine

05-04-20 09:51:00,

The European Commission has closed its very first infringement procedure under the Penalty Regulation. During an inspection at Roche’s UK headquarters in 2012 the British MHRA found data on 80,000 not properly reported adverse events of approved Roche meds, 15,161 of which included deaths. 

Additional 1.2  millions of datasets, stemming from Genentech’s patient support programme Access Solutions, led to re-inspections by the MHRA. An appeal of Roche against the MHRA’s conduction of the re-inspections and information policy, however, was rejected in 2015 by the High Court of Justice Queen’s Bench Division. According to the High Court, “Access Solutions offered doctors and patients in the US assistance and advice relating to insurance coverage and funding for Genentech’s products, which corresponded to 19 centrally authorised “products marketed by Roche in Europe”. The programme was offered through “a number of service providers including…McKesson Speciality Arizona. Though Genentech had received reports of adverse effects in relation to relevant products, the company had failed to pass on these reports”. Under the procedure, Roche could have been fined up to US$685m.

The deficiencies identified in an initial confidential report and an subsequent confidential report drafted by MHRA experts and finalised by the EMA, however, will not lead to any fines against the pharmaceutical company. On 15 December, the EMA reported that the European Commission sent an explanatory statement to Roche Registration Ltd and its parent company Roche Holding AG, informing them about the closure of the infringement procedure.

“After considering all the available evidence and being satisfied with the company’s remedial actions, the Commission decided not to notify a statement of objections to Roche Registration Ltd and Roche Holding AG and to close the case”, the EMA said in a press release. In a written statement submitted to the Commission Roche said: “Roche accepted all the inspection findings. It took them extremely seriously and fully understands the EMA’s and Commission’s concerns. It has worked diligently to remediate the deficiencies as quickly as possible and also to enhance the company’s medical compliance and PV systems to prevent any recurrence. While it has come a long way, the company knows that its efforts to enhance its systems and to maintain the trust of all stakeholders must continue.

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Was WHO Director Tedros A Top Member Of Violent Ethiopian Communist Party?

was-who-director-tedros-a-top-member-of-violent-ethiopian-communist-party?

04-04-20 07:22:00,

Authored by Paul Joseph Watson via Summit News,

The Director-General of the World Health Organization is a former member of a violent revolutionary communist party in Ethiopia that denied emergency medical treatment to an ethnic group and he is accused of personally overseeing the extradition of dissidents who were later imprisoned and tortured.

As we have previously highlighted, Tedros Adhanom Ghebreyesus has repeatedly parroted Chinese Communist Party talking points, constantly heaping praise on Beijing’s response to coronavirus despite the fact that China hid the truth about its spread and viciously silenced scientists and doctors who tried to warn the world.

Now we know why.

As John Martin explains in his excellent piece ‘The Crimes of Tedros Adhanom’, during his time in Ethiopia, the WHO chief was a member of the Tigray People’s Liberation Front (TPLF), a violent communist revolutionary party which was listed as a terrorist organization by the U.S. government in the 90’s.

According to one Ethiopian newspaper, Adhanom was listed as the 3rd most important member of the politbureau standing committee in the TPLF.

Martin writes how the TPLF engaged in “systematic discrimination and human rights abuses” by refusing emergency healthcare to the Amhara ethnic group because of their affiliation with the opposition party. The Ministry of Health that oversaw these abuses was led at the time by Tedros Adhanom Ghebreyesus.

Birth rates were recorded to be significantly lower in the Amhara region compared to other regions and 2 million Amhara people “disappeared” from the subsequent population census.

As Tucker Carlson highlighted earlier this week, Adhanom “got his job with Chinese support after he covered up cholera outbreaks in his home country” of Egypt.

Tedros has denied the allegation, which centered around claims he had downplayed cholera epidemics in Ethiopia in 2006, 2009 and 2011 by passing them off as “acute watery diarrhea,” a symptom of cholera.

“International organisations were pressured not to call it Cholera (despite the UN testing the infected and finding Cholera), and were pressured by government employees not to reveal the number of infected. Another stunning victory for the health minister,” writes Martin.

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Anonymous Message To Bill Gates

anonymous-message-to-bill-gates

04-04-20 06:57:00,

Greetings citizens of the world. This is a message for Bill Gates, from Anonymous.

In the midst of a historical pandemic, much of the world is looking to you for solutions, and it seems that this is no mistake, because you have positioned yourself as the Nostradamus of disease. You have done an incredible job at rebuilding your image, from a ruthless and cutthroat corporate CEO to a benevolent philanthropist and savior of the world.

This is nothing new, this is a classic move from the robber baron’s playbook. At one time, the notorious industrialist John D. Rockefeller was one of the most hated people in the country, due to his poor treatment of workers, his monopolization of key industries, and his influence in politics. After a massacre of striking miners in 1914, which came to be known as the Ludlow massacre, Rockefeller’s reputation was at its worst, so he decided to hire a team of propagandists to restore his public image. Leading that team was public relations pioneer Ivy Lee. Lee was an early influence of Edward Bernays, who would later write the infamous book “Propaganda,” a textbook of mind control for tyrants and aristocrats. Bernays is the nephew of Sigmund Freud, and often called the “father of propaganda,” in which case Ivy Lee is the grandfather.

Lee suggested that the families make high profile donations to various charities and have photographs taken of them handing out money to the commoners to make the public think that they were good-hearted and generous people. Over time, the plan worked, and has been replicated by many other aristocrats who wanted to win favor in the court of public opinion. At the time of his death, Lee was being investigated by Congress for his work with the Nazis through the company IG Farben and a proxy firm called the German Dye Trust. He was also a founding member of the Council on Foreign Relations.

Now that the “new and improved” Bill Gates has dominated the headlines for years, many people have forgotten about the accusations of stealing ideas from others in your industry and then relentlessly using intellectual property laws against anyone who threatened your dominance. Your reputation was at its worst when Microsoft was caught up in an anti-trust legal battle with the United States government,

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There Are Dark Days Ahead – James Corbett on Free Man Beyond The Wall

there-are-dark-days-ahead-–-james-corbett-on-free-man-beyond-the-wall

04-04-20 03:11:00,

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Robert Kiyosaki 2019 – The Speech That Broke The Internet!!! KEEP THEM POOR! | Light On Conspiracies – Revealing the Agenda

robert-kiyosaki-2019-–-the-speech-that-broke-the-internet!!!-keep-them-poor!-|-light-on-conspiracies-–-revealing-the-agenda

04-04-20 02:57:00,

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How To Tell Real News From Useless Narrative Fluff

how-to-tell-real-news-from-useless-narrative-fluff

04-04-20 08:56:00,

When Zen teacher Issan Dorsey was asked to describe the essence of Zen art, he answered, “Nothing extra.”

“Nothing extra” is also of course the essence of Zen living itself: perceiving life as it actually is, as opposed to perceiving it through a bunch of believed narrative filters about yourself, about others, about reality, and so on. These narrative filters are an extra pile of layers that are added on top of the actual experience of life, and they give a distorted view which causes a lot of confusion and suffering. Relinquishing belief in them brings clarity and peace.

This is also the essence of clearly understanding what’s really going on in the world. Like so much else, the approach to the large is the same as the approach to the small, which is to say the approach to seeing clearly in the big picture is the same as the approach to seeing clearly as an individual: you need to learn to look at it without the extra narrative overlay.

Because the news media are controlled by plutocrats who have a vested interest in protecting the status quo upon which their kingdoms are built, almost everything in the news is useless narrative fluff. It doesn’t tell you what’s really going on, it rather tries to influence what’s going on by manipulating the perceptions of the audience. It does this by either (A) distracting from what really matters by focusing on what doesn’t matter, or (B) actively working to manipulate how the audience thinks about a given issue.

When you strip away all the empty fluff and manipulative spin, there are basically only four often-overlapping pieces of information that really matter in the big picture: (1) where the money is going, (2) where the resources are going, (3) where the weapons are going, and (4) where the people are going. When it comes to understanding world dynamics, accurate information about these four things is the only real news you’ll ever encounter. Everything else is empty narrative spin meant to justify, distort, or distract from information about these things.

If you ignore everything else and only focus on finding the most accurate information possible about these four items, you will have an infinitely clearer understanding of what’s really going on in the world than someone who trusts news reporters to walk them through it.

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People Are Stocking “Little Free Libraries” With Food And Supplies For Neighbors | Light On Conspiracies – Revealing the Agenda

people-are-stocking-“little-free-libraries”-with-food-and-supplies-for-neighbors-|-light-on-conspiracies-–-revealing-the-agenda

03-04-20 02:35:00,

By Amanda Froelich

Trials and tribulations may befall the human race, but our species will never lose its resiliency. This has never been more apparent than in the current age of Covid-19. Yes, fights over toilet paper have been documented around the world. But, plenty of positive action has also been witnessed in the wake of the pandemic. For instance, many good Samaritans are stocking Little Free Libraries with food, toilet paper, and other supplies for neighbors.

Currently, more than 75,000 Little Free Libraries are registered around the world. To help fellow community members during the Covid-19 crisis, many people have converted the book homes into Little Free Pantries.

Little Free Pantries have been popping up in people’s front yards since 2016. However, it’s the sudden increase of the food banks that has been praised as an uplifting example of community kindness during a challenging time. Photos uploaded to social media show the Little Food Pantries stocked with books, hand sanitizer, toiletries, and canned goods.

On a cold, rainy walk through my neighborhood, I found a beautiful ray of sunshine. Someone filled a #LittleFreeLibrary with food and supplies (there’s still books, too). This bit of #coronakindness truly warmed my heart. I hope it does the same for you. @KENS5 #kens5eyewitness pic.twitter.com/99h24khM5r

— Mat Gaskins (@mat_gaskins) March 22, 2020

“My kids have invested a lot of time into just making sure there’s stuff up there,” a Minnesota woman told CNN, referring to their front-yard pantry. “The experience for them being able to be a part of something that gives back. That’s really cool.” 

Luckily, there is a #littlefreelibrary just around the corner here in Torquay. AND, as a bonus, they have toilet paper! #winning #ToiletPaperApocalypse @LtlFreeLibrary @streetlibraryau pic.twitter.com/MTOfruvXj1

— Barefoot Librarian (@kimbrap) March 17, 2020

This is absolutely brilliant. Repurposing a #LittleFreeLibrary As a little free food pantry. That’s taking watching out for your neighbors to the whole next level. I love it. #FoodInsecurity pic.twitter.com/Q3I9tE9kdn

— Kim Leonard (@kimleonard) March 21,

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Internal Documents: Monsanto Knew For Years Their Products Damaged Farms

internal-documents:-monsanto-knew-for-years-their-products-damaged-farms

03-04-20 08:12:00,

Authored by Mac Slavo via SHTFplan.com,

According to internal documents, Monsanto and Germany’s BASF knew their products would destroy farms in the United States. The firms disregarded the risks even while they planned on how to profit off farmers who would buy Monsanto’s new seeds just to avoid the damages caused by their products.

The documents (some of them date back more than a decade) have been uncovered during a recent successful $265 million lawsuit brought against both firms by a Missouri farmer. The internal documents were seen and released by the GuardianThey also revealed how Monsanto opposed some third-party product testing, in order to curtail the generation of data that might have worried regulators. In some of the internal BASF emails, employees were even joking about sharing voodoo science and hoping to stay “out of jail.”

“The documents are the worst that I’ve ever seen for any case that I’ve worked on,” said lawyer Angie Splittgerber, a former tobacco industry defense attorney who works with farmers who are suing Monsanto and BASF. 

“So many of them put things in writing that were just horrifying.”

Unfortunately, this isn’t the first time Monsanto has been caught trying to hide the damages that are done with their products.

Records showed that at private meetings dating back to 2009, agricultural experts warned that the plan to develop a dicamba-tolerant system could have catastrophic consequences. Dicamba herbicide would normally kill crops such as soybean or cotton, but Monsanto altered the genes in these crops to create genetically modified varieties that are resistant to the herbicide. This meant that farmers can spray the weedkiller directly on those soybean or cotton plants to destroy weeds but leave the crops unharmed.

The experts told Monsanto that farmers were likely to spray old volatile versions of dicamba on the new dicamba-tolerant crops. They have warned that even new versions were still likely to be volatile enough to move away from the special cotton and soybean fields on to crops growing on other farms.

What is more important, under the system designed by Monsanto and BASF,

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Putin & Trump Versus The New World Order: The Final Battle

putin-&-trump-versus-the-new-world-order:-the-final-battle

03-04-20 07:39:00,

Authored by Sylvain LaForest via OrientalReview.org,

We live in exciting times.

The unknown that lays ahead for all of us is both exhilarating and scary. Exhilarating in the long term, but rather scary in the short term. All empires eventually die and we’re in the terminal phase of the New World Order that will not recover from the Russian roulette game it has been playing, for Vladimir Putin handed it a loaded gun and it pulled the trigger.

The last few weeks put everything in place for the last battle. There are so many different facts and events, left and right, and I will try to do my best to remain methodical in this complicated expose. Bare with me, I’ve been struggling for three weeks with this article because of the insane amount of additional details that each day provides. It might have been a wrong time to quit smoking, but I enjoy a good challenge.

Dropping dollars

A little context is required. The New World Order concept is simply the wish of a handful of international bankers that want to economically and politically rule the whole planet as one happy family. It started in 1773 and if it went through important changes over the years, but the concept and objective haven’t changed an iota. Unfortunately for them, international banks that have been looting the planet through the US dollar since 1944 are now threatened by hyperinflation, as their printing machine has been rotating for years to cover their absurd spendings to sustain oil and resource wars that they’ve all ultimately lost. In order to prevent this upcoming hyperinflation, they generated a virus attack on four countries (China, Iran, Italy and now the United States) to spread panic in the population, with the precious help of their ignominious medias. Even though this corona virus isn’t different from any new viruses that attack humans every year, the media scare pushed people to voluntarily isolate themselves through fear and terror. Some lost their jobs, companies are going bankrupt, the panic created a stock exchange crash that emptied wallets and dried assets, resulting in a few trillion virtual dollars off the market to release pressure off the currency.

So far,

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Someone’s Screwing You, And It Ain’t China: Notes From The Edge Of The Narrative Matrix

someone’s-screwing-you,-and-it-ain’t-china:-notes-from-the-edge-of-the-narrative-matrix

03-04-20 07:29:00,

Ten million Americans declare unemployment in two weeks and all your government does is give you a $1,200 “advance” on your tax return while bailing out corporations with the largest wealth transfer ever, and some of you are still shrieking about Russia and China. Pathetic fucking tools.

Your rights are evaporating, your government has failed to provide the bare minimum social safety nets during a very manageable pandemic, your nation’s billionaire class has been growing wealthier and wealthier while most of you would struggle to pay a $1000 emergency bill, but sure, China is your real enemy.

~

Many Americans being plunged into debt and destitution. Many young Americans about to start contemplating joining the military. Many Pentagon officials factoring this in to their future calculations. Poverty has long served as a makeshift draft in the dangerous, dying US empire.

Not that it should surprise any American that this crisis has only wound up benefiting massive corporations, debt slave owners, government agencies and the US war machine. These are the real US government, after all.

~

Keep in mind that virtually everything you hear from conservatives and mainstream liberals right now is basically just an irrational lashing out over their entire ideology faceplanting in front of the entire world.

~

Governments which prohibit people from providing for themselves without providing for those people do not deserve to exist. There is no legitimate basis for declaring a lockdown in any area without first ensuring that you can adequately provide for everyone whose financial stability is disrupted by this, and if you do it’s perfectly legitimate for the citizenry to resist your lockdown.

~

I could probably think of dozens of things the drivers of the US government could stand to gain by deliberately letting this pandemic get a lot worse than it needs to in America.

~

The entire Cuomo family is a corrupt political dynasty and the sooner America flushes them down the toilet the better.

~

Friendly reminder that more people would trust “authoritative” news outlets about this virus if those outlets didn’t have an extensive history of constantly lying to the public about very important matters.

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Monsanto’s Criminality Seems Clear—Their Own Internal Documents Prove It – PaulCraigRoberts.org

monsanto’s-criminality-seems-clear—their-own-internal-documents-prove-it-–-paulcraigroberts.org

02-04-20 09:09:00,

Monsanto’s Criminality Seems Clear—Their Own Internal Documents Prove It

How Capitalism Really Works

News Updates From CLG

02 April 2020 

All links are here:

https://www.legitgov.org

Revealed: Monsanto predicted crop system would damage US farms | 30 March 2020 | The US agriculture giant Monsanto and the German chemical giant BASF were aware for years that their plan to introduce a new agricultural seed and chemical system would probably lead to damage on many US farms, internal documents seen by the Guardian show. Risks were downplayed even while they planned how to profit off farmers who would buy Monsanto’s new seeds just to avoid damage, according to documents unearthed during a recent successful 265m lawsuit brought against both firms by a Missouri farmer. The documents, some of which date back more than a decade, also reveal how Monsanto opposed some third-party product testing in order to curtail the generation of data that might have worried regulators. And in some of the internal BASF emails, employees appear to joke about sharing “voodoo science” and hoping to stay “out of jail”.

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Sneak Attack by Iran on US Forces Coming? – Global Research

sneak-attack-by-iran-on-us-forces-coming?-–-global-research

02-04-20 05:45:00,

At a time when responsible leadership is vitally needed to deal with a national health and economic crisis, the US is led by an incompetent, self-serving, geopolitical know-nothing demagogue who’s indifferent toward public health, safety and welfare.

The US ship of state is rudderless, no courageous captain in charge to steer it safely through troubled waters.

Whatever the outcome of today’s unprecedented crisis in modern times, it’s highly likely that millions of ordinary Americans will be grievously hurt, many irreparably, because of an uncaring ship of state’s captain and crew — serving monied interests exclusively at the expense of the public welfare at a time when large-scale federal help is most needed no matter the cost.

Trump is the latest in a long line of US bellicose presidents — waging wars of aggression in multiple theaters, along with economic, financial, and medical wars on sovereign states unwilling to sacrifice their sovereign rights to US interests.

Iran is a prime target because it’s free from US control, hydrocarbon-rich, and Israel’s main regional rival.

Longstanding US plans aim to replace its legitimate government with pro-Western puppet rule — by whatever it takes for Washington to achieve its imperial objective no matter the human cost.

Along with his other faults, Trump is a congenital liar. On Wednesday, he turned truth on its head, tweeting:

“Upon information and belief, Iran or its proxies are planning a sneak attack on US troops and/or assets in Iraq,” adding:

“If this happens, Iran will pay a very heavy price, indeed!”

Upon information and belief, Iran or its proxies are planning a sneak attack on U.S. troops and/or assets in Iraq. If this happens, Iran will pay a very heavy price, indeed!

— Donald J. Trump (@realDonaldTrump) April 1, 2020

Fact: Iran, formerly Persia, hasn’t attacked another country in centuries.

Fact: Its leadership threatens none now.

Fact: Its geopolitical agenda features the pursuit of peace, stability, and mutual cooperation with other nations — hostile actions toward none.

Fact: In contrast, the US under both right wings of its war party is permanently at war with invented enemies threatening no one — at home and abroad.

 » Lees verder

Neglected Medical Swine Studies that We Need Today – Global Research

neglected-medical-swine-studies-that-we-need-today-–-global-research

02-04-20 02:59:00,

While there is much talk these days about “fake news,” omitting important news is perhaps as widespread and egregiously harmful to an informed public.  This is especially true in these days of coronavirus when data about the virus is confusing and overwhelms the public’s ability to digest it.  Sometimes it is helpful to gain a bit of a perspective by taking a different approach and looking at scientific research that has been for years ignored by the media but may help us see our current situation clearer.

The following report tries to remedy the way the mainstream media have for years ignored one of the oddest but more important news stories of the last sixty years.  Its implications are momentous, especially in the light of the exponential growth of spying, loss of privacy and freedom that have resulted from the extraordinary measures governments have taken to shut down societies. There are eyes everywhere these days. That we are being watched is beyond dispute; but by whom and why?  This is the real story that the mainstream media have failed to address.  Their failure to do so is truly laughable.

Extensive scientific research over fifty years has concluded that pigs that stink and grow larger as they age have small eyes and tend to stare at people. I have previously reported on these startling studies, but they have been met with a blind eye. Researchers across the world continue to replicate and confirm the findings of the original research done in 1953 in Kansas by Dr. Wilfred Jeffred Eftie. Yet the mainstream media, as is their wont, keep failing to report these extraordinary studies or slight them as worse than fake news.  Averting one’s gaze from their import won’t make them disappear.  Surveilling pigs may not be obvious, but the fact that they’re not makes them triply dangerous, especially in times of pandemics.

While seemingly insignificant on the face of it, these replicated studies in abnormal autology have led to new insights into our osmological understanding of the place of egoism in political life. The epistemology of egoism has long perplexed scientists, but Eftie’s brilliant counterintuitive insights have led to some major breakthroughs. However, the story of Eftie’s original discovery, ignored for years, deserves renewed attention. 

 » Lees verder

EU’s top court says eastern states broke law by refusing to host refugees

eu’s-top-court-says-eastern-states-broke-law-by-refusing-to-host-refugees

02-04-20 10:06:00,

The European Union’s top court has ruled that Poland, Hungary and the Czech Republic had broken the law by refusing to host refugees to help ease the burden on Greece and Italy after a surge in migrant arrivals from 2015.

“By refusing to comply with the temporary mechanism for the relocation of applicants for international protection, Poland, Hungary and the Czech Republic have failed to fulfill their obligations under EU law,” the Luxembourg-based Court of Justice of the EU said on Thursday.

The decision underscores Europe’s divisions over migration. However, the three ex-communist nations face no immediate penalty as the relocation of tens of thousands of people agreed by the EU was only envisaged until 2017, Reuters said.

The eurosceptic governments on the EU’s eastern flank had cited national security reasons in refusing to take in any of the mostly Muslim refugees and migrants from the Middle East and North Africa.

 » Lees verder

US Escalates Warmongering Against Venezuela Because Of… Drug Trafficking?

us-escalates-warmongering-against-venezuela-because-of…-drug-trafficking?

02-04-20 08:00:00,

The Trump administration is sending Navy ships to patrol Venezuela, the latest escalation against the government targeted by an aggressive hybrid US regime change intervention.

“President Donald Trump announced Wednesday that Navy ships are being moved toward Venezuela as his administration beefs up counter-narcotics operations in the Caribbean following a U.S. drug indictment against Nicolás Maduro,” AP reports in an article packed with pro-US disinformation.

“As governments and nations focus on the coronavirus there is a growing threat that cartels, criminals, terrorists and other malign actors will try to exploit the situation for their own gain,” said Trump. “We must not let that happen.”

“The Venezuelan people continue to suffer tremendously due to Maduro and his criminal control over the country, and drug traffickers are seizing on this lawlessness,” added Defense Secretary Mark Esper.

How much dishonesty can you cram into a single report? @AP is going for the record. Let’s count (see thread. Also, what on Earth is an “anti-drug ship”?)https://t.co/50WrmRyU7h

— venezuelanalysis.com (@venanalysis) April 1, 2020

All of this, of course, is bullshit. The US government does not care about “the Venezuelan people” (a term only ever invoked to advance pro-regime change narratives); if they did they wouldn’t be murdering them by the tens of thousands using starvation sanctions and targeting them with backdoor biowarfare by cutting off their ability to protect themselves from a deadly pandemic.

The US government is also not interested in “drug traffickers”. As journalist Ben Norton notes, “Even the US government’s own data admit the vast, vast, vast majority of drugs (mostly cocaine) coming from Latin America come from Colombia — a right-wing US colony.”

“70% of the coca (used to create cocaine) grown in the whole world came from Colombia in 2017 according to the UN,” Norton adds. “Right-wing US colony Colombia is the CIA’s favorite drug dealer, used to fund death squads and Contra terrorist wars to overthrow leftist governments.”

As Venezuela Analysis rightly points out, in 2009 George W Bush awarded the Presidential Medal of Freedom to then-president of Colombia Álvaro Uribe Vélez,

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Deep Events and the CIA’s Global Drug Connection – Global Research

deep-events-and-the-cia’s-global-drug-connection-–-global-research

02-04-20 08:00:00,

This article was first published on September 19, 2008.

The text published below does not include text and endnote numerals. To consult Peter Dale Scott’s article entitled Deep Events and the CIA’s Global Drug Connection, with numbered references and endnotes in word document format click here

Introduction

Recently I published two articles pointing to suggestive similarities between the recurring deep events in recent American history – those events which, because of their intelligence aspects, are ignored, misrepresented, or covered up in the American media. The first article pointed to overall similarities in many deep events since World War II. The second pointed to surprising points of comparison in the two deep events which were followed shortly by major U.S. wars: the John F. Kennedy assassination and 9/11. In the background of all these events, I suggested, was recurring evidence of the milieu “combining intelligence officials with elements from the drug-trafficking underworld.”

In this essay I shall first attempt to lay out the complex geography or network of that milieu, which I call the global drug connection, and its connections to what has been called an “alternative” or “shadow” CIA. I shall then show how this network, of banks, financial agents of influence, and the alternative CIA, contributed to the infrastructure of the Kennedy assassination and a series of other, superficially unrelated, major deep events.

In this narrative, the names of individuals, their institutions, and their connections are relatively unimportant. What matters is to see that such a milieu existed; that it was on-going, well-connected, and protected; and that, with increasing independence from governmental restraint, it played a role in major deep events in the last half century.

This of course strengthens the important hypothesis to be investigated, that this on-going milieu may also have contributed to the disaster of 9/11.

Paul Helliwell, OPC, and the CIA

In areas where Communist forces have appeared strong, the United States, at least since 1945, has resorted repeatedly to supportive counterviolence from mobsters involved in the drug traffic. At first, as in post-war Italy, these arrangements were temporary and ad hoc,

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DOJ audit prompted by FBI spying on Americans finds errors in EVERY sample FISA application

doj-audit-prompted-by-fbi-spying-on-americans-finds-errors-in-every-sample-fisa-application

01-04-20 09:54:00,

A review of 29 FBI applications to spy on US citizens or residents found mistakes in every single one, and four cases of proper documentation missing entirely, the Justice Department inspector general has revealed.

From a dataset of more than 700 applications under the Foreign Intelligence Surveillance Act (FISA) submitted by eight FBI field offices, Inspector General Michael Horowitz and his team selected a sample of 29, made between October 2014 and September 2019, pertaining to US citizens or “green card” holders.

They found an average of 20 errors in each one.

Remember when the newly beloved liberal heroes of the security state — the FBI, NSA & DOJ agents who now make up huge parts of CNN & MSNBC and the liberal pantheon — kept telling you the FISA process is very rigorous & immune to abuse? They lied: https://t.co/nbgDukahfxpic.twitter.com/xsZLSmGKSY

— Glenn Greenwald (@ggreenwald) March 31, 2020

The Woods Procedures mandate “compiling supporting documentation for each fact in the FISA application,” Horowitz wrote in his findings, which were made public on Tuesday. Yet his auditors found at least some of that documentation contained erroneous or mistaken information in 25 of the applications – and was entirely missing in four other cases.

“We could not review original Woods Files for 4 of the 29 selected FISA applications because the FBI has not been able to locate them and, in 3 of these instances, did not know if they ever existed,” Horowitz wrote.

The auditors “do not have confidence” the FBI actually followed procedure in any of the cases, the report concluded.

Horowitz’s findings managed to attract a considerable amount of attention on Tuesday, even as the US continued to deal with the Covid-19 pandemic. Attorney General Bill Barr was “appalled” at the way the FISA process was abused, resulting “in one of the greatest political travesties in American history,” DOJ spokeswoman Kerri Kupec said.

Barr was referring to FBI failure to follow Woods procedures in the four FISA warrants used to spy on the campaign of President Donald Trump – via adviser Carter Page – during and after the 2016 US presidential election.

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The Israeli-Indian Arms Deal | New Eastern Outlook

the-israeli-indian-arms-deal-|-new-eastern-outlook

01-04-20 09:46:00,

IND3422

With Covid-19 dominating everyone’s thoughts and actions, it is also dominating the news media. At first glance, this would seem obvious. But is it?

Clearly people need to be updated with the latest information about this killer virus, particularly when governments are trying to wreck lives and economies over it, and blaming their citizens for breathing rather than their own lack of preparation. But is the virus actually news? Even if it is, do people want to hear about nothing else 24 hours a day, when it is most of the content of their lives already?

In such circumstances it is always wise to look for the stories which casually leak out under the oppressive weight of the preferred one. Where would we find them? One of the best mainstream sources is a journal little read outside the borders of its own country, The Jordan Times.

Jordan is a moderate country on the wrong side of the global political argument. So the articles there offer straightforward news from a different perspective, and a lot of stuff which the rest of the world won’t touch ends up in there, not as a sensation but simply a matter of interest to its differently-thinking readership.

Like all other newspapers, The Jordan Times is full of articles about the virus at present. But there is one story which has snuck in which might explain a lot of why our attention is being directed away from it – and possibly part of the reason this virus was invented, as it probably was, given that it was warned about long before 200 scientists from around the world descended on Wuhan.

Casual slaughter

We all know Israel manufactures and exports a lot of weapons. We also know Jordan is on the opposite side to Israel in regional politics, so you would expect it to complain about this.

But look at the detail in this story. It doesn’t derive from Jordan, and its conclusions are both credible and of global significance. What better story to leak out when people are obsessed with coronavirus?

It is the Stockholm International Peace Research Institute which has released a report claiming that demand for weapons in the Middle East has grown a whopping 61% between 2015 and 2019.

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Chemical brothers: Monsanto & BASF knew for years their products destroy US farms, documents reveal

chemical-brothers:-monsanto-&-basf-knew-for-years-their-products-destroy-us-farms,-documents-reveal

31-03-20 04:04:00,

US agro-chemical firm Monsanto and Germany’s BASF were aware for a long time that their plan to introduce a new agricultural seed and chemical system would probably lead to damage on many US farms.

According to internal documents seen by the Guardian, the firms disregarded the risks even while they planned on how to profit off farmers who would buy Monsanto’s new seeds just to avoid damage.

The documents (some of them date back more than a decade) have been uncovered during a recent successful $265 million lawsuit brought against both firms by a Missouri farmer.

They also revealed how Monsanto opposed some third-party product testing, in order to curtail the generation of data that might have worried regulators.

In some of the internal BASF emails, employees were joking about sharing “voodoo science” and hoping to stay “out of jail.”

Also on rt.com
Monsanto sues California over weed killer cancer warnings

Records showed that at private meetings dating back to 2009, agricultural experts warned that the plan to develop a dicamba-tolerant system could have catastrophic consequences.

Dicamba herbicide would normally kill crops such as soybean or cotton, but Monsanto altered the genes in these crops to create genetically modified varieties which are resistant. This meant that farmers can spray the weedkiller directly on those soybean or cotton plants to destroy weeds but leave the crops unharmed.

The experts told Monsanto that farmers were likely to spray old volatile versions of dicamba on the new dicamba-tolerant crops. They have warned that even new versions were still likely to be volatile enough to move away from the special cotton and soybean fields on to crops growing on other farms.

What is more important, under the system designed by Monsanto and BASF, only farmers buying Monsanto’s dicamba-tolerant cotton and soybean seeds would be protected from dicamba drift damage.

Read more

Monsanto’s monster-herbicide blamed for killing millions of crop acres

According to a report prepared for Monsanto in 2009 as part of industry consultation, such “off-target movement” was expected, along with “crop loss”, “lawsuits” and “negative press around pesticides.” 

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What’s Up With The Italian Mortality Rate? – Questions For Corbett

what’s-up-with-the-italian-mortality-rate?-–-questions-for-corbett

31-03-20 03:45:00,

SHOW NOTES AND MP3: https://www.corbettreport.com/?p=35589

Tom from Scotland asks about the mortality rate of Covid-19, and why it is reportedly so much higher in Italy. James answers with an in-depth look at the numbers, how they’re being reported, and what’s being left out from the equation.

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What Is The Right Way To Handle COVID-19? (Free Online Event: March 30 – April 1) – Activist Post

what-is-the-right-way-to-handle-covid-19?-(free-online-event:-march-30-–-april-1)-–-activist-post

31-03-20 03:35:00,

By Neenah Payne

Note: Register for the Free Coronavirus Virtual Series: March 30-April 1

Two radically different views of the threat COVID-19 poses to America and the world are increasingly playing out now. Which view the US government adopts will have major implications for health, the economy, and our freedoms under the US Constitution.

While the World Health Organization and Bill Gates present COVID-19 as a show stopper that requires drastic measures to control, a growing number of doctors and even the Wall Street Journal are now questioning the official narrative. In the last week of March, New York Governor Cuomo – at the epicenter of the COVID-19 crisis in the US – began second guessing his decision to close most businesses and schools.

We each have a critical choice to make now. We can’t afford to be wrong. Which view do you support and why? The view the public accepts will play a critical role in our fate. Unfortunately, the corporate media is not providing people with enough information to make an informed choice. In this scenario, the alternative media is playing a vital role in helping to inform us so we can choose wisely now. (You can use Patreon to support Activist Post and Natural Blaze to help ensure continued access to the sites.)

The belief that COVID-19 represents a global pandemic which threatens the survival of humanity is leading to increasingly draconian and dystopian measures around the world and in the US. A growing number of observers warn that the “cure may be worse than the disease.” The following articles indicate some of the consequences of the belief that COVID-19 is a plague that could decimate humanity.

  1. Canada Has Abolished Civil Liberties in the Name of “Safety”
  2. Footage of Indian Police Beating Lockdown Violators Goes Viral
  3. How Governments Are Deploying Big Data To Enforce COVID-19 Quarantines
  4. Police, Military Begin Door to Door Searches To Hunt Down New Yorkers Seeking Refuge

Two Widely Different Views of COVID-19 Threat

The World Health Organization continues to present COVID-19 as a serious threat to world health.

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The ‘Modi Migrants’ Are India’s Self-Inflicted Humanitarian Disaster During “World War C” – Global Research

the-‘modi-migrants’-are-india’s-self-inflicted-humanitarian-disaster-during-“world-war-c”-–-global-research

31-03-20 01:38:00,

The Indian government so terribly mishandled its 21-day lockdown demand that Prime Minister Modi was compelled to unprecedentedly ask for forgiveness from the nation’s poor after his policy was responsible for suddenly uprooting millions of migrants across the country who fled their cities of temporary residence to return back home to their villages where they feel more confident of their chances for surviving World War C, but the credible threat remains that some of them might already be infected with COVID-19 and could therefore end up carrying this deadly virus all throughout the country.

Prime Minister Modi’s terrible mishandling of his country’s 21-day lockdown demand has created a self-inflicted humanitarian crisis of extreme proportions in the world’s second most populous state. The government abruptly ordered a mandatory three-week quarantine across the country as an emergency response to World War C, fearing that the densely populated, “super poor“, and generally underdeveloped nation is at serious risk of becoming “the world’s main battlefield in the fight against Covid-19“, as RT contributor and former Indian naval intelligence officer Shishir Upadhaya recently put it. He’s right, though, as even the author of the present article asked last week, “Can South Asia Survive World War C?“, for many of the same reasons. The reader should be informed that 22% of India’s population live in poverty , and the country comprises 24% of the total people in the world living in extreme poverty according to the World Bank, which is more than any other nation. Unsurprisingly, then, the sudden lockdown announcement sparked panic among India’s millions of internal economic migrants, many of whom are day laborers that live hand to mouth and cannot afford to miss even a single day’s worth of wages if they hope to avoid the Damocles’ swords of starvation and homelessness.

These desperate people, which the BBC estimates to be in the “millions” in their related piece on the topic titled “Coronavirus: India’s Pandemic Lockdown Turns Into Human Tragedy“, fled their cities of temporary residence to return back home to their villages where they feel more confident of their chances for surviving World War C. Apart from being extremely poor,

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Opinion – It Is A Time Of Crisis And U.S. Foreign Policy Is Becoming Unhinged

opinion-–-it-is-a-time-of-crisis-and-us.-foreign-policy-is-becoming-unhinged

31-03-20 01:05:00,

It Is A
Time Of Crisis And U.S. Foreign Policy Is Becoming
Unhinged

By Moon
Of Alabama

March 28,
2020 “Information
Clearing House

The Trump administration is reacting to
the pandemic stress by lashing out at perceived
internal and external enemies. Secretary of State
Mike Pompeo is leading the external onslaught.

UN
Secretary General Antonio Guterres has

called
for an
“immediate global ceasefire” to focus on fighting
Covid-19. He has appealed for the “waiving of
sanctions that can undermine countries’ capacity to
respond to the pandemic.”

But
Washington is not listening.

Requests
from Venezuela and Iran for emergency IMF loans to
buy medical supplies were blocked by U.S.
interventions.

Just
a month ago Pompeo announced an

increase of sanctions

against Iran. The sanctions block money transfers.
They make it impossible for Iran to import the
medical equipment it urgently needs to counter the
epidemic.

While
the U.S. renewed the sanction waiver which allows
Iraq to import electricity and gas from Iran the
waiver

is now limited to only 30 days
.
One third of Iraq’s electricity depends on those
imports from Iran and, if the waiver is not renewed,
its hospitals will go dark just when the epidemic
will reach its zenith.

Parts
of the Trump administration are even

pressing for a wider war

against alleged Iranian proxy forces in Iraq:

The
Pentagon has ordered military commanders to plan
for an escalation of American combat in Iraq,
issuing a directive last week to prepare a
campaign to destroy an Iranian-backed militia
group that has threatened more attacks against
American troops.

But the
United States’ top commander in Iraq has warned
that such a campaign could be bloody and
counterproductive and risks war with Iran.

Some top officials, including Secretary of State
Mike Pompeo and Robert C.

 » Lees verder

Russia sets up new oil company to potentially take over operations in Venezuela

russia-sets-up-new-oil-company-to-potentially-take-over-operations-in-venezuela

31-03-20 12:59:00,

A company specializing in the production and transportation of oil and gas has been set up in Russia, according to the state registry data. The new firm could take over projects in Venezuela after Rosneft sold its assets there.

Roszarubezhneft, which is owned by the Federal Agency for Government Property Management, will have an authorized capital of 322.7 billion rubles (over $4 billion). 

The company was registered in Moscow on March 28, after Russia’s oil major Rosneft announced the sale of its assets in Venezuela. On Saturday, Rosneft signed an agreement with the newly established government-run company on selling its shares and on the cessation of its participation in all projects in Venezuela (including its stock in Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria). Under the agreement, the oil giant will receive 9.6 percent of shares in Roszarubezhneft.

Also on rt.com
Venezuela slams US sanctions on Russia’s Rosneft as an attempt at grabbing control of global oil market

In February, the US slapped sanctions on a Rosneft subsidiary over its trade ties with Venezuela. The Russian company slammed those sanctions as illegal and groundless, pointing out that all of its operations in Venezuela were fully compliant with international law. It has explained that it had been investing in the Venezuelan oil and gas sectors long before the US sanctions were rolled out.

READ MORE: Trump threatens to slap ‘very serious’ sanctions on buyers of Venezuelan crude

Venezuela’s state energy firm PDVSA has also condemned the US sanctions and accuses Washington of attempting to create unfair competition to attain an advantage in the oil market.

For more stories on economy & finance visit RT’s business section

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Pentagon Says Boot Camps Must Continue For ‘National Security’ Despite ‘Putting Lives in Danger’

pentagon-says-boot-camps-must-continue-for-‘national-security’-despite-‘putting-lives-in-danger’

31-03-20 11:27:00,

Police are breaking up “coronavirus parties” in New Jersey, authorities are hunting down a Florida pastor for violating a ‘health order’ to not hold services, state troopers are enforcing quarantine orders along the Louisiana-Texas border, and yet it’s business as usual for US military recruiting even as calls grow to close boot camps across the United States, especially at hard-hit coronavirus hot spots on the East and West coasts.

“Marine recruiters in the state hit hardest by the novel coronavirus have grave warnings about the military’s decision to continue sending young men and women off to boot camp in the middle of a global pandemic,” reports Military.com. “Marines at New York recruiting stations say it’s only a matter of time before COVID-19, the serious illness caused by the coronavirus, sweeps through one of the service’s two entry-level training depots.”

Marine boot camp file image, via AiirSource Military/YouTube

Efforts have been implemented at Army and Marine recruiting offices to do remote virtual initial recruiting interviews; however, boot camp training grounds which see thousands of young future Soldiers, Marines, Sailors, and Airmen conduct drills and exercises in close quarters – also sleeping in close quarter barracks – have taken no initiative to halt or alter training. Crowded chow halls and dining facilities are also potential places of rapid outbreak.

Top Pentagon brass has said keeping entry-level recruit training operational is essential to national security, as Military.com notes based on a DoD policy ruling:

The Pentagon has decided that keeping all the services’ entry-level training camps up and running is critical to national security. The decision was reportedly at odds with what some service leaders recommended: a temporary pause on recruit shipping until the threat of the coronavirus lessened.

Defense Department officials overrode the recommendations from senior military leaders to halt training for 30 days, The Washington Post reported March 16.

As of late in the day Monday, the Marine Corps announced it would delay sending new recruits to Parris Island, South Carolina. Yet basic training for the thousands of recruits already there will continue, the statement said.

The Marine Corps are putting a halt on sending recruits to Parris Island,

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“This Could Turn Violent” – Italian Officials Fear South Turning Into A Powder Keg

“this-could-turn-violent”-–-italian-officials-fear-south-turning-into-a-powder-keg

31-03-20 10:34:00,

Signs of social unrest in major Western cities could be developing over the next few weeks, and as we previously warned last Friday, a global depression with high unemployment could unleash a “social bomb” in European countries and or North America. 

At the moment, Italy is the most high-risk country in the West to experience a potential breakdown in society. The country is suffering from an explosion in COVID-19 cases and deaths, a collapsed hospital system, an economic depression, and high unemployment. Sounds a lot like Venezuela… 

Italy has called up the military in recent weeks to enforce lockdowns across the country. There have also been reports of organized gangs operating in the Southern part of the country that are using social media to plot raids on businesses, reported Bloomberg.

It’s a race against time for Italian officials to prevent social unrest: 

“We need to act fast, more than fast,” Mayor Leoluca Orlando of Palermo, a city of Southern Italy, told daily La Stampa. “Distress could turn into violence.”

Lockdowns in the country have entered the fourth week, Health Minister Roberto Speranza said in a statement on Monday recommending that the government must extend the countrywide lockdown through Easter. Prime Minister Giuseppe Conte has been injecting stimulus into the economy to prevent a complete economic crash, and the next round could hit as early as mid-April, worth $33 billion.

Italy is the epicenter of COVID-19 in Europe. As of Monday afternoon, 101,739 confirmed cases had been reported, with 11,591 deaths. The growth rates in deaths in Northern Italy is still on an exponential curve. 

“Discomfort and malaise are growing, and we are recording worrying reports of protest and anger that is being exploited by criminals who want to destabilize the system,” said Orlando.

“The more time passes, the more resources are exhausted. The few savings people are running out. This tells us socio-economic issues will erupt.”

The most southern part of the country has the highest unemployment. Stories are already starting to surface of social unrest. People, with no money, are now starting to raid supermarkets.  

 » Lees verder

Covid-19 pandemic in Asia ‘far from over,’ countries should brace for ‘large-scale community transmission,’ WHO warns

covid-19-pandemic-in-asia-‘far-from-over,’-countries-should-brace-for-‘large-scale-community-transmission,’-who-warns

31-03-20 10:19:00,

While some Asian countries appear to have slowed down the spread of the deadly Covid-19 disease, no nation should let its guard down, World Health Organization (WHO) experts have warned.

“Let me be clear. The epidemic is far from over in Asia and the Pacific,” WHO Regional Director for the Western Pacific Takeshi Kasai told reporters on Tuesday.

This is going to be a long-term battle and we cannot let down our guard… We need every country to keep preparing for large-scale community transmission.

While positive news has been coming out of China and South Korea, whose response seems to have slowed down the spread of the virus, WHO technical adviser Matthew Griffith explained that this should not be interpreted as Covid-19 leaving particular areas.

Also on rt.com
Human life must trump economics in a pandemic. THIS is why China is succeeding in war on Covid-19 and US is on path to disaster

“Whereas countries and areas in this region have shown how to flatten the curve, outbreaks continue to pop up in new places and importation remains a concern,” he said.

Meanwhile, Chinese health officials reported on Tuesday that there were no new confirmed Covid-19 cases recorded in the Hubei Province – where the outbreak initially started – for the seventh day in a row. All new 48 cases reported on Tuesday were linked to people arriving from abroad.

Chinese authorities said that although the domestic transmission of the disease has been largely stopped, the growing number of imported cases risks triggering a secondary wave of the infection.

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“A Multitrillion Dollar Helicopter Credit Drop”: How The Fed Turned $454 Billion Into $4.5 Trillion

“a-multitrillion-dollar-helicopter-credit-drop”:-how-the-fed-turned-$454-billion-into-$4.5-trillion

31-03-20 10:06:00,

Last Friday, to bipartisan cheers – and one sole, rational dissenter who was promptly silenced after asking “if $6 trillion is fine, why not $350 trillion” – Trump signed into law a $2.2 trillion corporate, hedge fund and bank bailout fiscal spending package, which quickly became the main topic of the current new cycle. What was not at all discussed, purposefully so due to the complexity of the underlying math, is that in parallel to the Treasury’s 2 trillion package, the Fed received a green light to lend up to $4.5 trillion in new credit (which is where Kudlow’s misconstrued “$6 trillion stimulus” comment came from).

And as usually happens with matters Fed related, the fact that the Fed received permission from the Treasury to “stimulate” by more than twice the full amount of the CARES act, flew right over America’s head. Which, if to be expected, is lamentable, because by giving the Fed a green light to inject money at will, the US government officially launched helicopter money.

Or rather, “helicopter credit” as Wrightson ICAP chief economist Lou Crandall put it, and as Bloomberg further refined it, “a Multitrillion Dollar Helicopter Credit Drop.”

So how do we get to $4.5 trillion? Here’s how it happened.

The roles of the Treasury Department and Federal Reserve are different in a bailout. The Treasury Department is part of the Executive Branch. It receives its funding from taxpayers. It is accountable to Congress and to the President. It just received $454 billion in the CARES Act. The Federal Reserve, in contrast, is a private, bank-owned agency which pretends to operate on behalf of the people but in reality makes sure the financial system and the commercial banks that dominate are viable and profitable (if they aren’t they are bailed out).

Source: Bank of England

As a result, the Fed’s members and private owners are banking institutions who keep massive reserves on deposit at the Fed. The Federal Reserve has many roles in the economy, but none of them is to take on credit risk. So how do you get the Fed to establish a “loan” facility, as contemplated in the CARES Act,

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