Fiat money allow wars with no real cost to governments, which is why the century of central banking was the century of total war, said Saifedean Ammous, a professor of economics at the Lebanese American University.
“Under hard money, governments fought till they ran out of their own money. Under easy money, governments can fight until they completely consume the value of all the money held by their people,” wrote Ammous, a member of the Center on Capitalism and Society at Columbia University.
Stacy Herbert agrees with him, saying that, “Under fiat money you can be as stupid as you want, especially whoever controls the printing press of the fiat system.”
According to Max Keiser, hard money discourages mediocrity, starting wars and paying for that by printing cash. “It encourages competitors when you have hard money and the people who are against hard money don’t want to compete and just want to print fiat money… like Ben Bernanke.”
Stacy explains that right now the Bank of England, the Bank of Japan, and the ECB are under the auspices of the Federal Reserve Bank.
“Every single country in the world, every central bank is pursuing this money printing to get fiat money, except for one notable exception – Russia,” notes Max, adding they “paid out all the debt, they’ve been buying gold.” And China is doing the same thing, says Stacy.
For more stories on economy & finance visit RT’s business section
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So-called “dark money” contributions come from a diverse cross-section of the American landscape. Suburbs, big cities and even small towns are home to corporations created primarily to conceal the true source of money flowing to super PACs that spend millions of dollars to influence elections.
One dark money trail leads to Carter Lake, Iowa, population 3,785. Technically, the town is on the Nebraska side of the Missouri River in Omaha, and its horseshoe-shaped lake was once an oxbow bend of the river itself. Flooding changed the course of the river in 1897 leaving a two-mile square piece of Iowa forever marooned in Nebraska. It has a local reputation as a lower-income town of small houses, mobile homes, airport hotels, a few industrial businesses and a large abstract steel sculpture called “Tri-Point Column” by the late sculptor Rod Kagan sitting alone in a field on Abbott Drive.
An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC America First Action in April 2018. The company made another contribution — $10,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) — two weeks before election day.
The LLC’s address, 200 Owen Parkway Circle, is the same as Lone Mountain Truck Leasing, and its registered agent in Iowa is Andy Lucht, CFO of the truck company. The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including Hoovestol, Inc, many of which use the same Iowa address.
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Hoovestol and his wife Monica aren’t quite megadonors,
Wahlzeiten gehören zu den besseren Zeiten, um auf Politik Einfluss zu nehmen und zumindest kurzzeitig Gehör zu finden. Kandidat*innen sind auf Stimmenfang und suchen Themen, mit denen sie sich sowohl innerparteilich als auch öffentlichkeitswirksam in Position bringen können.
Die Free Software Foundation Europe (FSFE) plant deshalb, mit verschiedenen Aktionen die kommende Europawahl zu nutzen, um Kandidat*innen und Wähler*innen auf die Forderung der Kampagne „Public Money, Public Code“ aufmerksam zu machen: Mit öffentlichen Geldern finanzierte Softwareentwicklungen sollen grundsätzlich unter einer Freie-Software- und Open-Source-Lizenz veröffentlicht werden. Dazu veröffentlicht die FSFE heute die Fachpublikation „Public Money Public Code – Modernising public infrastructure with Free Software“ (Englisch), die helfen soll, Entscheidungsträger*innen in Politik und Verwaltung mit den Vorzügen Freier Lizenzen vertraut zu machen.
Wettbewerbsvorteile durch Freie Lizenzen
Die Broschüre erklärt kurz und prägnant die gewichtigsten Argumente, die für eine Kopplung öffentlicher Gelder an die Veröffentlichung des Quelltextes unter Freier Lizenz sprechen. Neben den Vorteilen internationaler Kooperation, der Unabhängigkeit von Herstellerauflagen und Fragen der IT-Sicherheit zeigt die FSFE auch wirtschaftliche Argumente auf, etwa auf Freier Software aufbauende Geschäftsmodelle und damit einhergehende Wettbewerbsvorteile. Für die praktische Umsetzung werden erfolgreiche Beispiele angeführt sowie erste Schritte und Fallstricke von Richtlinien zur öffentlichen Beschaffung beleuchtet.
Neben der FSFE selbst wurde auch auf das Wissen zahlreicher externer Expert*innen zurückgegriffen. Darunter unter anderem Prof. Dr. Simon Schlauri (Autor einer Studie zu Wettbewerbsimplikationen Freier Software), unsere Autorin Constanze Kurz, Matthias Stürmer (Leiter der Forschungsstelle Digitale Nachhaltigkeit an der Universität Bern), Basanta Thapa (Kompetenzzentrum Öffentliche IT am Fraunhofer FOKUS) und Francesca Bria (CTIO der Stadt Barcelona). Letztere ist mit einem bereits bei netzpolitik.org erschienenen Interview zum Thema „Smart City“ und demokratische Teilhabe der Bürger*innen durch Software vertreten.
Die Broschüre erscheint in digitaler und gedruckter Form und steht unter einer CC BY-SA 4.0 Lizenz. Die zugehörige Kampagne „Public Money Public Code“, die unter anderem vom CCC, EDRi, Wikimedia Deutschland und dem Tor Project unterstützt wird, sammelt zudem Unterstützungsunterschriften für einen offenen Brief, der sich an Parlamentsabgeordnete richtet.
James joins Melody Cedarstrom for his regular appearance on Financial Survival. This week they discuss the monetary system upon which the political puppet show is based and the scramble for African resources that is shaping up between the US and China.
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07/21/2018 at 6:52 am
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QUESTION: Mr. Armstrong; I listened to your interview with Greg Hunter on USA Watchdog. For the first time, I really understand that debt is money that pays interest. That is the real money supply which is leveraged. It is the interest that keeps expanding the debt and forcing taxes higher and higher until it can’t expand anymore. Is this the end game?
I only hope when this house of cards comes tumbling down, you will be there to help.
Please keep up your
ANSWER: We will see interest expenditures exceed military next year in the USA. Only then will people perhaps begin to pay attention to what I have been saying. Can you imagine that the debt of all nations is about to explode with the slightest uptick in interest rates? We will be going over this issue at the WEC. Just look at Italy when rates soared from 0.3% to 2.5% in a single day. When I say interest rates can rise DRAMATICALLY, this is no joke. The Quantitative Easing in Europe and Japan have destroyed their bond markets. The central banks buy everything. The Bank of Japan bragged how they bought 97% of the new debt. Hello! That means there is no market!
People always ask me why I do what I do meeting with political governments around the world and I do not charge them a dime! The answer is simple. If I took money from them, then I would be beholding to them. Strangely enough, they call me because they know I will tell the truth. The research we put out is NOT for sale to the highest bidder to be manipulated to support some agenda like they do in everything else right down to Global Warming. Yes, there are governmental agencies that pay for Socrates. That is different from meeting with me personally.
I am called (1) because there is no conflict of interest and (2) our computer is tracking the entire world and its forecast cannot be manipulated. So do you want to call someone who you pay to fashion studies to support whatever political agenda you have today? Or do you really want to know when the shit will hit the fan?
Facebook and affiliated political groups have donated heavily to members of two committees set to interview CEO Mark Zuckerberg next week, according to analysis from the Center for Responsive Politics via USA Today.
Since 2007, the social media giant has contributed a cumulative $381,000 to 46 of the 55 members on the House Energy and Commerce Committee, which will hear from Zuckerberg on Wednesday.
While the average committee member received between $6,750 and $6,800, Committee Chair Greg Walden (R-OR) received $27,000, and top ranking Democrat Frank Pallone of New Jersey received $7,000 from Facebook.
Rep. Anna Eschoo (D-CA), whose district is adjacent to Facebook headquarters and home to many Facebook employees, received the most from Facebook at $55,150 since 2007. Eschoo narrowly lost a battle with Pallone for ranking Democrat position on the committee in the 2014 election.
Walden and Pallone announced Zuckerberg’s appearance on Wednesday to testify on “critical consumer data privacy issues.”
“This hearing will be an important opportunity to shed light on critical consumer data privacy issues and help all Americans better understand what happens to their personal information online,” Messrs. Walden and Pallone said in a Wednesday statement. “We appreciate Mr. Zuckerberg’s willingness to testify before the committee, and we look forward to him answering our questions on April 11th.” (also, thanks for all that money Zuck! We’ll be sure to put the softballs on a plastic “T” for you)
Meanwhile, a Roll Call report reveals that two Democrats on the House Energy and Commerce Committee have nearly $100,000 invested in shares of Facebook – with Democratic Reps. Joe Kennedy of MA and Kurt Schrader of OR owning approximately $80,000 and $15,000 respectively.
Twenty-eight members listed stock in the social media giant, according to Roll Call’s Wealth of Congress project. Among them, Democratic Reps. Kurt Schrader of Oregon and Joseph P. Kennedy III of Massachusetts sit on the House Energy and Commerce Committee, while Democratic Sen. Sheldon Whitehouse of Rhode Island sits on Senate Judiciary.
Both panels, along with Senate Commerce, invited Zuckerberg to appear before them after reports that Cambridge Analytica, a British big data firm, obtained access to private information of millions of Facebook users under questionable circumstances.
The Tax Justice Network produces a Financial Secrecy Index, ranking countries for the assistance their legal systems provide, to money-launderers, and to all people who seek to protect corruptly-obtained wealth. The higher the score, the more corrupt the government is. The last time this Index was published, in 2015, Switzerland was rated the world’s most-corrupt country, and Hong Kong was then #2.
But now, in its newly released global rankings, “Financial Secrecy Index — 2018 Results”, though Switzerland still holds its #1 (most-corrupt) spot, the U.S. has become #2, and Hong Kong has now fallen to #4, which is immediately below Cayman Islands (which is #3, and which had been #5 in 2015).
The detailed report-card for Switzerland says
“the Swiss will exchange information with rich countries if they have to, but will continue offering citizens of poorer countries the opportunity to evade their taxpaying responsibilities. These factors, along with ongoing aggressive pursuit of financial sector whistleblowers (resorting at times to what appear to be non-legal methods) are ongoing reminders of why Switzerland remains the most important secrecy jurisdiction in the world today.”
The detailed report-card for the United States notes America’s rising score, and resulting success in attracting corrupt wealth, as follows:
The rise of the US continues a long term trend, as the country was one of the few to increase their secrecy score in the 2015 index. The continues [intending the word “continued”] rise of the US in the 2018 index comes off the back of a significant change in the US share of the global market for offshore financial services. Between 2015 and 2018 the US increased its market share in offshore financial services by 14%. In total the US accounts for 22.3% of the global market in offshore financial services.
The U.S. report-card asserts that, “Financial secrecy provided by the U.S. has caused untold harm to the ordinary citizens of foreign countries, whose elites have used the United States as a bolt-hole for looted wealth.” Of course, this isn’t the largest such “bolt-hole” — it’s the second-largest. Furthermore, the report-card for Switzerland said:
According to the Swiss Bankers’ Association banks in Switzerland hold CHF 6.65 trillion ($6.5 trillion) in assets under management,