Digital Dollars and Technocracy on Steroids – #NewWorldNextWeek

digital-dollars-and-technocracy-on-steroids-–-#newworldnextweek

26-03-20 01:06:00,

Welcome to the 402nd episode of New World Next Week — the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week:

Story #1: The ‘EARN IT’ Bill Is the Government’s (Open) Plan to Scan Every Message Online
https://bit.ly/2wCpMVq

S.3398 – EARN IT Act of 2020
https://bit.ly/2UzpXsw

The EARN IT Act Is the New FOSTA
https://bit.ly/2xnVqWH

Congress Must Stop the Graham-Blumenthal Anti-Security Bill
https://bit.ly/39luy78

Video: The EARN IT Act – Holding the Tech Industry Accountable in the Fight Against Online Child Sexual Exploitation
https://bit.ly/2WICs7O

Story #2: ‘Digital Dollar’ Stripped From Pelosi Plandemic Bill, Still
https://bit.ly/2vNRMF5

White House, Senate Reach Historic $2 Trillion Stimulus Deal Amid Growing Coronavirus Fears
https://cnn.it/33LW6Bd

Episode 328 – The Bitcoin Psyop
https://bit.ly/33WYUff

Story #3: Mobile Phone Industry Explores Worldwide Tracking Of Users
http://archive.is/4azLv

GSMA: Global System for Mobile Communications
https://bit.ly/2WICzjK

Police in California Plan to Use Drones to Enforce Quarantine Lockdown
https://bit.ly/33L90zz

Israel Joins Totalitarian States Using Coronavirus To Spy On Citizens
https://bit.ly/2UjUQ5f

U.S. Government, Tech Industry Discussing Ways To Harness Location Data To Combat Coronavirus
https://bit.ly/39gSPuP

You can help support our independent and non-commercial work by visiting http://CorbettReport.com/Support & http://MediaMonarchy.com/Join. Thank You.

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Who Has Spent The Most Dollars Lobbying Washington In 2019?

who-has-spent-the-most-dollars-lobbying-washington-in-2019?

27-10-19 09:49:00,

Authored by Karl Evers-Hillstrom via OpenSecrets.org

The pharmaceutical industry is holding on to its title as the top lobbying force in Washington amid pressure from lawmakers at all ends of the ideological spectrum.Drugmakers have spent more than $129 million through September, slightly down from nearly $133 million at this time last year, but still far more than any other industry. 

The larger pharmaceutical/health products industry, which includes medical devices and dietary supplement companies along with drugmakers, spent $228 million through the third quarter of 2019, a record-breaking pace that is up $10 million from this time last year. 

House Democrats recently advanced legislation that allows the federal government to negotiate the price of drugs that lack generic equivalents. The bill passed the House Ways and Means Committee this week without a number of amendments proposed by progressive Democrats who argued the bill isn’t strong enough. 

Senate Republicans have said the Democrats’ bill will not fly in the upper chamber. Although members of both parties in the Senate agree drug prices need to be lowered, they can’t agree on how to do it. 

Some of the biggest increases from the industry came from Akebia Therapeutics (up to $1.5 million from $110,000 this time last year) and Humira manufacturer AbbVie (up to $5.4 million from $4.3 million). The industry’s main trade association, Pharmaceutical Research & Manufacturers of America, increased its spending by $930,750 to nearly $22.8 million. It is the fourth-highest lobbying spender so far. 

Data via opensecrets.org

That spending comes on top of the industry’s many ad campaigns designed to influence lawmakers and the general public. The industry fights threatening legislation in creative ways, including funding prominent but unrelated associations to push pro-industry messages on the airwaves

Air transport is on pace to break its spending record this year, shelling out $79 million up from nearly $72 million this time last year. Powerful industry forces such as Airbus and FedEx are ramping up lobbying spending over President Donald Trump’s trade war.

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A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes

a-bank-with-49-trillion-dollars-in-exposure-to-derivatives-is-melting-down-right-in-front-of-our-eyes

19-07-19 05:23:00,

By Michael Snyder

Could it be possible that we are on the verge of the next “Lehman Brothers moment”?  Deutsche Bank is the most important bank in all of Europe, it has 49 trillion dollars in exposure to derivatives, and most of the largest “too big to fail banks” in the United States have very deep financial connections to the bank.  In other words, the global financial system simply cannot afford for Deutsche Bank to fail, and right now it is literally melting down right in front of our eyes.

For years I have been warning that this day would come, and even though it has been hit by scandal after scandal, somehow Deutsche Bank was able to survive until now.  But after what we have witnessed in recent days, many now believe that the end is near for Deutsche Bank.  On July 7th, they really shook up investors all over the globe when they laid off 18,000 employees and announced that they would be completely exiting their global equities trading business

It takes a lot to rattle Wall Street.

But Deutsche Bank managed to. The beleaguered German giant announced on July 7 that it is laying off 18,000 employees—roughly one-fifth of its global workforce—and pursuing a vast restructuring plan that most notably includes shutting down its global equities trading business.

Though Deutsche’s Bloody Sunday seemed to come out of the blue, it’s actually the culmination of a years-long—some would say decades-long—descent into unprofitability and scandal for the bank, which in the early 1990s set out to make itself into a universal banking powerhouse to rival the behemoths of Wall Street.

These moves may delay Deutsche Bank’s inexorable march into oblivion, but not by much.

And as Deutsche Bank collapses, it could take a whole lot of others down with it at the same time.  According to Wall Street On Parade, the bank had 49 trillion dollars in exposure to derivatives as of the end of last year…

During 2018, the serially troubled Deutsche Bank – which still has a vast derivatives footprint in the U.S.

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Die Macht des Dollars und der USA beruht auf dem Clearing

die-macht-des-dollars-und-der-usa-beruht-auf-dem-clearing

14-07-19 10:07:00,

Die Saldierung internationaler Geschäfte in Dollar ist ein wichtiger Hebel der Macht

Beat Kappeler / 14. Jul 2019 –

Westliche Grossbanken sind vom Clearing-Verfahren abhängig und unterwerfen sich deshalb der US-Politik. Der Euro schafft es nicht.

Red. Der Artikel «Mit dem Dollar führen die USA die Welt am Gängelband» von Mohssen Massarrat fand grosse Beachtung. Ein zentraler Aspekt sei dabei zu kurz gekommen, sagt Publizist Beat Kappeler, nämlich das Clearing-System, welches in US-Dollar abgewickelt wird.

Absoluter Gehorsam

Ein Machtwort der USA liess die Schweizer Banken alle Konten Viktor Wechselbergs sperren, zwackte ihnen Milliardenbussen wegen des früheren Bankgeheimnisses ab und verlangt von den Europäern, die Sanktionen gegen Putin und den Iran strikt anzuwenden.

Ist etwa ein US-Flugzeugträger den Rhein heraufgefahren? Sind Geheimwaffen abgefeuert worden?

Nein, die Macht, solche Strafaktionen und absoluten Gehorsam einzufordern ist noch viel geheimer – es ist das Dollar-Clearing in New York.

Diese Clearingstelle, eine Saldierungsstelle, erlaubt den Banken, nicht alle Zahlungen unter einander und bilateral auszuführen, sondern nur die Spitzen zwischen Ein und Aus einander gutzuschreiben.

Da der Dollar die Transaktionswährung der Welt ist, rechnen die Grossbanken in Dollar, transferieren in Dollar, und gleichen über eine US-Stelle in New York die Salden aus. Damit kann der amerikanische Staat dort den Hahn zudrehen für alle Banken, die ihm missliebig sind.

Es sind zwei Stellen zwar, eine der Notenbank mit über 6000 zugelassenen Banken (Fedwire Funds), aber nur einem kleinen Anteil der Transaktionen, und eine private mit rund 60 Grossbanken als Teilnehmer. Diese Clearing House Interbank Payments System (CHIPS) bewältigt den Löwenanteil weltweit, und zwar in Tausenden von Milliarden täglich. Kleinere Banken wickeln ihre Transaktionen über diese Grossbanken ab.

Ausschluss aus dem Clearing bringt enorme Nachteile

Verliert also eine Grossbank ihr Recht, sich für diese Abgleichungen ihrer Transaktionen einzuschalten, hat sie enorme Nachteile. Sie muss Kunden wegschicken, sie verliert das Vertrauen der kleineren Banken, die über sie clearen. Und dieses Zutrittsrecht zu den US-Clearingstellen kann eben der Staat für Kriminelle und Verurteilte sperren.Grossbanken wie die schweizerischen beim Bankgeheimnis, oder wie die meisten angeklagten europäischen und amerikanischen Banken nach der Finanzkrise, haben daher höchstes Interesse zu zahlen, ohne ein Verfahren abzuwarten. Würden sie verurteilt,

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A World without Dollars? Are We Approaching the End of America’s Financial Order? – Global Research

a-world-without-dollars?-are-we-approaching-the-end-of-america’s-financial-order?-–-global-research

04-07-19 06:18:00,

First published on February 1, 2019

For Washington, the U.S. dollar is leverage, a financial weapon to dominate the world economy, to impose its foreign policy agendas and to secure a steady flow of natural resources over sovereign countries who use the currency.

In the last decade or so, the reputation of the U.S. dollar has been widely discredited because it is viewed by many governments around the world as a risky asset since the U.S. economy holds more than $21 trillion in debt and if you add the unfunded liabilities in the form of promises to ensure payments to retirees associated with government pensions, entitlement programs and social security amounts to more than $200 trillion. The dollar is a fiat currency based on “faith” which is issued by the Treasury department and backed by the full weight of U.S. government, but countries who are routinely threatened by Washington with economic sanctions have lost faith in the dollar. The dollar is a debt instrument issued to the public with no real objective measure of the dollar’s true value. Since the Federal Reserve Bank was founded in 1913, the dollar has lost over 97% of its value. In 2018, rt.com reported that

“the Russian president noted that there are risks in settlements in national currencies, but they could be minimized. “Risks exist everywhere and they need to be minimized, and in order to minimize them diversification is required.” Holding dollars is risky “According to Putin, the US dollar is also a risky financial tool. “US foreign debt amounts to $20 trillion. What will be next? Who knows?”

The U.S. will never be able to finance their debt even if they brought back their manufacturing base, reduce government spending and end all of their wars including those in Iraq and Afghanistan. Peter Schiff of Euro Pacific Capital recently told Rick Sanchez of RT News that

“All the signs are already there. Look at what’s happening out there. The stock market is falling, Look at homebuilders, the housing stocks, the financials, the retailers – all these are the same things that were happening in 2007 leading to that crisis,” Schiff warned.

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Half-billion dollars’ worth of sanctioned oil sitting offshore Venezuela

half-billion-dollars-worth-of-sanctioned-oil-sitting-offshore-venezuela

26-02-19 03:58:00,

Tankers loaded with 8.36 million barrels of crude are reportedly floating off the Venezuelan coast as the sanction-hit country struggles to find buyers for its oil.

The crude is worth upwards of half-a-billion dollars, according to shipping reports and ship-tracking data compiled by Bloomberg. An armada of 16 ships holds cargoes belonging to state oil company Petroleos de Venezuela SA (PDVSA), Chevron, Valero Energy and Rosneft Oil.

Sources told Bloomberg that oil ventures owned by PDVSA with Rosneft, Chevron, Total SA and Equinor ASA, whose upgraders convert tar-like Venezuelan crude into oil that refineries can process, reduced rates this week because they ran out of space to store crude. PDVSA had to put some of that oil onto tankers to clear space and continue to operate at lower rates.

Also on rt.com
US sanctions help India become No.1 buyer of Venezuelan crude

Shipments to the United States, once Venezuela’s largest customer, have dried up, so that the South American nation had to turn its focus to other consumers, including China and India. Imports of Venezuela’s oil by India surged 66 percent in the first half of February to 620,000 barrels a day.

A person with knowledge of the situation said the PDVSA-Rosneft joint-venture, Petromonagas upgrader, isn’t processing oil after running out of space to store their production.

PDVSA-Chevron’s Petropiar venture has reduced output for the same reason, according to sources. They also said that Petrocedeno, a PDVSA-Total-Equinor venture, is running out of oil to process as a ban on sales of heavy naphtha to PDVSA has made it difficult to ship the heavy oil through pipelines from inland fields to the upgrader.

Also on rt.com
Venezuela struggles to find buyers for its oil after US sanctions

Venezuelan daily crude exports plunged to 1.12 million barrels in the first half of February, down 9.2 percent compared with the same period in January. According to Refinitiv Eikon data, the nation which is sitting on the world’s largest crude oil resources, was exporting about 1.4 million bpd in the months before sanctions.

On January 28, US President Donald Trump ratcheted up sanctions which were designed to undercut financial support for the Venezuelan government and President Nicolas Maduro.

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