Fedcoin: A New Scheme for Tyranny and Poverty

27-07-20 04:16:00,

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Fedcoin: A New Scheme for Tyranny and Poverty

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    If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed “digital dollar” or “fedcoin.”

    Fedcoin was initially included in the first coronavirus spending bill. While the proposal was dropped from the final version of the bill, there is still great interest in fedcoin on Capitol Hill. Some progressives have embraced fedcoin as a way to provide Americans with a “universal basic income.”

    Both the Senate Banking Committee and the House Financial Services Committee held hearings on fedcoin in June. This is the first step toward making fedcoin a reality.

    Fedcoin would not be an actual coin. Instead, it would be a special account created and maintained for each American by the Federal Reserve. Each month, Fed employees could tap a few keys on a computer and — voila — each American would have dollars added to his Federal Reserve account. This is the 21st century equivalent of throwing money from helicopters.

    Fedcoin could “crowd out” private cryptocurrencies. Also, it would limit the ability of private citizens to protect themselves from the Federal Reserve-caused decline in the dollar’s value.

    Fedcoin would not magically increase the number of available goods and services. What it would do is drive up prices. The damage this would do to middle- and lower-income Americans would dwarf any benefit they receive from their monthly “gift” from the Fed. The rise in prices could lead to Congress regularly increasing fedcoin payments to Americans. These increases would cause prices to keep rising even more until we face hyperinflation and a dollar crisis. Of course, we are already on the path to an economic crisis thanks to the Fed.

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    COVID-19: A US Scheme for Greater Consolidation of Wealth and Power? – Global Research

    23-03-20 11:28:00,

    Earlier global crises were manufactured to enhance the power of US ruling authorities, serve corporate favorites, and transfer wealth from ordinary people to privileged ones.

    Since the neoliberal 1990s alone, that’s what the 1997-98 Asian financial crisis, 2000 dot.com bust, and 2008-09 financial crisis were all about.

    Is that what’s behind COVID-19 fear-mongering, lockdowns, and market turmoil? Are things not what they seem?

    If past is prologue, what was manufactured before appears to be happening again — establishment media playing a key roll as before by scaring the public to death.

    While great care needs to be taken to prevent a highly infectious disease like COVID-19 from spreading, public angst generated by fear-mongering suggests motives other than protecting public health are in play.

    Notably since the neoliberal 90s, US-led Western governments, in cahoots with corporate favorites, consolidated greater power and transferred enormous wealth from ordinary people to privileged interests.

    For decades, monied interests never had things better, profiting hugely from market manipulated casino capitalism — at the expense of the public welfare.

    Since the 2008-09 Wall Street orchestrated financial crisis, protracted Depression conditions adversely affected ordinary people in the US and elsewhere.

    Poverty, unemployment, underemployment, homelessness, food insecurity, hunger, overall deprivation and human suffering are growth industries in the US and West.

    While Washington spends unlimited trillions of dollars for militarism, forever wars, and homeland security to protect privileged interests from nonbelievers, vital popular needs to health and welfare increasingly go begging.

    The world’s richest country doesn’t give a hoot about the vast majority of its people, just its privileged class.

    Class warfare pits private wealth against public health and welfare. For decades in the US, wages haven’t kept pace with inflation. Benefits steadily eroded.

    High-paying jobs with good benefits disappeared by offshoring to low-wage countries.

    Improved technology forced wage earners to work harder for less. So-called free markets work only for elements that control them. See below.

    Powerful interests benefit from class struggle by exploiting ordinary people with bipartisan support from Washington.

    Instead of governance of, by, and for everyone equitably, only the privileged few are served.

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    5 EU states agree new scheme ‘to distribute migrants’ saved in Mediterranean

    23-09-19 08:09:00,

    Interior ministers from five EU countries said on Monday they had agreed a new scheme to distribute migrants saved from the Mediterranean. The deal, the details of which are not clear, is aimed at relieving the pressure on southern EU states.

    The plan will be presented to interior ministers from all 28 EU nations on October 8, with officials anxious to sign up as many states as possible to the program and resolve one of the most contentious issues the bloc has faced in recent years, Reuters said.

    “We have started to make history, but it all depends on the support of all or most of the other EU countries in accepting to participate in the disembarkation and distribution of migrants,” said Maltese Interior Minister Michael Farrugia.

    Farrugia was joined at Monday’s meeting by his counterparts from Italy, France, Germany and Finland, which holds the rotating presidency of the EU.

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    Israel’s Scheme to Bury the Nakba. “The Ethnic Cleansing oF Palestine” – Global Research

    10-07-19 07:20:00,

    Israel’s 1947-48 Nakba against the Palestinian people was and remains one of history’s great crimes — what Ilan Pappe called “The Ethnic Cleansing of Palestine” in his book by this title.

    Establishment of the Jewish state came at the expense of the Palestinian people, their descendants and refugee population.

    The final master plan’s goal aimed to create a state with maximum Jews and minimum Arabs — by any means, including mass murder of defenseless people.

    Around 800,000 Palestinians were forcibly driven from their homeland, many thousands slaughtered in cold blood.

    The six-month campaign beginning in late 1947 destroyed 531 villages and 11 urban neighborhoods in cities like Tel-Aviv, Haifa and Jerusalem.

    According to Nuremberg Principles, ethnically cleansing people from their land is a high crime against humanity.

    Israeli accountability was never forthcoming for mass-murder; destruction of homes, villages, crops and other property; countless atrocities; showing no mercy to defenseless men, women, children.

    Nuremberg-level crimes were  expunged from official Israeli historiography, replaced by the myth that Palestinians left voluntarily, fearing harm from invading Arab armies.

    A Palestinian shared memories of that nightmarish experience, saying the following:

    “I cannot forget three horror-filled days in July of 1948. The pain sears my memory, and I cannot rid myself of it no matter how hard I try.”

    “First, Israeli soldiers forced thousands of Palestinians from their homes near the Mediterranean coast, even though some families had lived in the same houses for centuries.”

    “My family had been in the town of Lydda in Palestine at least 1,600 years. Then, without water, we stumbled into the hills and continued for three deadly days.”

    “The Jewish soldiers followed, occasionally shooting over our heads to scare us and keep us moving. Terror filled my eleven-year-old mind as I wondered what would happen.”

    “I remembered overhearing my father and his friends express alarm about recent massacres by Jewish terrorists. Would they kill us, too?”

    “We did not know what to do, except to follow orders and stumble blindly up the rocky hills. I walked hand in hand with my grandfather, who carried our only remaining possessions-a small tin of sugar and some milk for my aunt’s two-year-old son,

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