Every major economic downturn of the last 110 years bears the mark of the Federal Reserve.
In fact, as long as the Fed has been around, it has swung the economy between inflation and recession. Yet Americans, surprisingly, have tolerated it.
But we shouldn’t expect that to go on forever. We had three central banks before the Fed, and confined each to the ash heap of history. The problems inherent to central banking are cause to scrap the Fed as well.
Central banking dates to 1694, when the Bank of England was founded for the purpose of creating the hidden tax of inflation to provide cheap money to government—above all, for Britain’s many foreign wars. In exchange, the central bankers were paid well with interest.
Like any government-favored bank, the Bank of England lent money it didn’t have, lending far more than the silver in its vaults. The British government endorsed this fraud because the king and Parliament wanted the money.
But the fraud went further still: The Bank of England was allowed to use its new government bond holdings to back private loans, which meant creating even more money with no silver behind it to lend to private banks. This, too, earned interest, even though the money was created out of nothing.
The explosion of money caused a tissue fire in the British economy—a short period of fast growth followed by rampant inflation and an economic collapse. The boom-bust cycle was born, what we now call the “business cycle.”
When the Bank of England didn’t have enough silver to exchange for all the money it created, the British government pulled the 18th-century equivalent of a bailout by suspending specie redemption, allowing the Bank of England to stop repaying in the silver it had promised.
One of the co-defendants charged along with Former President Donald Trump has pled guilty in the Georgia 2020 Election case, making him the first to do so.
On Friday, Scott Hall appeared on video in court where he entered a plea with Fulton County District Attorney Fani Willis and pled guilty to five misdemeanor charges. Reportedly he will be sentenced to five years’ probation if he complies with the terms set.
The District Attorney’s (DA) office asked Hall to testify in related court hearings and trials before Fulton County Superior Judge Scott McAfee, in which he agreed.
“Do you understand that the conditions of your probation in this sentence is that you testify truthfully at any further court proceedings to include trials of any co-defendants that is listed on the original indictment in which you were charged,” the DA’s office asked.
There’s been an astonishingly brazen propaganda push to normalize war profiteering in Ukraine as Kyiv coordinates with the arms industry and western governments to convert the war-ravaged nation into a major domestic weapons manufacturer, thereby turning Ukrainians into proxies of the military industrial complex as well as the Pentagon.
At an event in Kyiv which hosted 250 “defense” industry corporations from 30 different countries on Friday, President Zelensky gave a speech urging war profiteers to open factories in Ukraine to cut out the middleman of securing and delivering so many weapons from abroad. This is an investment that the arms industry would ostensibly have plenty of time to set up, given that western officials are now going out of their way to communicate to the public that this war will stretch on for many more years to come.
Zelensky’s speech twice made use of the phrase “defense-industrial complex”, and used the phrase “arsenal of the free world” no fewer than three times.
“Ukraine is developing a special economic regime for the defense-industrial complex,” Zelensky said. “To give all the opportunities to realize their potential to every company that works for the sake of defense — in Ukraine and with Ukraine or that wants to come to Ukraine.”
Rep. Jamaal Bowman (D-NY) ripped down two signs warning a second floor door in the Cannon House Office Building was for emergency use only before pulling the fire alarm and running out through a different door on a different floor, Breitbart News has learned exclusively.
Multiple sources familiar with the investigation into Bowman pulling the fire alarm in the House, which triggered a full scale law enforcement and emergency services response leading to the evacuation of the building, told Breitbart News exclusively that Bowman ripped two signs down and threw then on the ground first.
The sources familiar with the investigation provided Breitbart News with photographs of the scene of the alleged crime later after the emergency door had been restored after the damage Bowman did to it.
Democrat Rep. Jamal Bowman says claims he purposefully pulled a fire alarm to disrupt House Republicans as they debated a stopgap bill to avert a government shutdown are 'BS.'
The New York representative was allegedly caught on camera pulling the stunt in the Cannon Building, which houses numerous Congressional office spaces, as lawmakers scrambled to pass a plan to keep the government funded before it ran out of money on Saturday at midnight.
Bowman is now being investigated after the incident that unfolded during chaotic scenes on Capitol Hill on Saturday as the deadline loomed to avert what seemed like an inevitable shutdown.
The House passed a short-term solution to keep the government funded for 45 days without additional funding for Ukraine, with Speaker Kevin McCarthy turning to Democrats to help him push it through. It went to the Senate, which was set to vote on Saturday night.
With the Republicans in disarray, Bowman quickly became the center of a firestorm over what he insists was a simple mistake that he thought would 'open a door'.
A ground-breaking class action lawsuit was filed on Wednesday in a California superior court against Gilead Sciences for people injured or killed by remdesivir.
The complaint alleges violations of consumer protection laws, false advertising, deceptive promotion, negligent misrepresentation, and other charges related to the marketing and administration of remdesivir, also known as Veklury.
And “seeks restitution, injunctive relief, disgorgement (return of all profits made by Gilead from the sale of remdesivir), and other relief for Gilead’s alleged wrongdoing that resulted in countless personal injuries and wrongful deaths,” a statement released on Wednesday said.
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The nationwide syndicate of health and freedom lawyers, in cooperation with FormerFedsGroup Freedom Foundation (“FFFF”) filed the complaint on behalf of potentially 100,000 relatives who have tragically lost loved ones and former patients who have suffered grievous injuries due to hospital treatment protocols.
The Ukrainian soldiers trained by the US Army will possess only the most basic skill levels associated with the M1A1 Abrams. They will lack any tactical or operational skill when it comes to the employment of the tank in combat. Their gunnery skill will be rudimentary (they will more than likely miss their target on the first try, a kiss of death in modern combat), and they will lack the experience and skill necessary to troubleshoot the range of complex malfunctions that occur in the tank turret, electrical, hydraulic, armament, and fire control systems that come with the kind of intensive operations experienced in combat, but not during basic training.
The M1A1, when crewed by an experienced team of soldiers, is a lethal weapon. When crewed by Ukrainians possessing only basic skills—especially when going up against veteran Russian soldiers equipped with modern tank-killing weapons—the M1A1 is little more than a death trap, a mobile steel coffin for the four men inside. This was the case with the German Leopard 2A6, with the Swedish Strv 122, and the British Challenger 2. And it will be the case with the American M1A1.
Great little docu-narration here, quite old but so important to unterstand the geopolitical and financial system history therein! Since found the guys who made it - Michael Rivero / Zane Henry here at https://whatreallyhappened.com/ !
Ukraine will set up a new defense fund that includes seized Russian assets among its primary sources of financing, Ukrainian President Vladimir Zelensky has announced.
The move is aimed at providing authorities in Kiev with “additional resources” to boost military production, create new defense programs and support the country’s troops, Zelensky said, speaking on Friday at the first International Defense Industries forum in the Ukrainian capital.
“The fund will be replenished with dividends from state defense assets and with profits from the sale of confiscated Russian assets,” he stated.
The Ukrainian leader didn’t specify if he was talking about nearly $300 billion of Russia’s gold and forex reserves that have been frozen by the country's Western backers, or about Russian-owned properties in Ukraine, seized after the launch of Moscow’s military operation in February 2022.
Desertion has become a major problem for the Kiev regime forces as soldiers become increasingly disenchanted with their cause, a Ukrainian soldier who was taken prisoner by Russian forces in the Zaporozhye region has revealed.
Morale in the Ukrainian forces is low as soldiers suspect that they are being sent their deaths while their commanders try to persuade them to keep fighting, a captured Ukrainian POW has revealed.
He also mentioned that the Ukrainian soldiers who deserted did so after seeing action.
“They did not say anything. They just spent a few days drinking vodka, then they grabbed their things and went AWOL,” the prisoner recalled, noting that “maybe about 50” Ukrainian soldiers deserted that way. “They just turn around and leave, maybe after realizing that their superiors are lying. Everything they [Ukrainian officers] say is a lie. People begin to think and realize that this is a meat grinder.”
Qatar has called for intensifying international efforts to subject all Israeli nuclear facilities to International Atomic Energy Agency (IAEA) safeguards and for Israel to join the Nuclear Non-Proliferation Treaty (NPT).
The demand was put forward on Friday by the Chairman of Qatar's National Committee for the Prohibition of Weapons, Abdulaziz Salmeen al-Jabri, at the annual general conference of the IAEA currently underway in Vienna.
Jabri stressed these were legitimate demands that had been confirmed by "international legitimacy resolutions [that were passed] half a century ago," including "resolutions of the UN General Assembly [that have been passed] since 1974, [United Nations] Security Council Resolutions 487 of 1981 and 687 of 1991, numerous IAEA resolutions, and the resolution of the Review Conference of the Middle East Non-Proliferation Treaty in 1995."
He also said that bringing the Israeli nuclear program under international safeguards "is a prerequisite for establishing a nuclear-weapon-free zone in [West Asia]."
"Confronting nuclear proliferation in [West Asia] is at the core of the tasks assigned to the IAEA," he stressed.
Estimates of Israel's nuclear stockpile range between 80 and 400 warheads, which can be delivered via aircraft, submarine-launched cruise missiles, and the Jericho series of intermediate to intercontinental-range ballistic missiles.
Its first deliverable nuclear weapon is thought to have been completed in late 1966 or early 1967, making it the sixth country in the world to have developed them.
Israel has never openly tested its nuclear weapons nor signed the NPT, making it the world’s only unacknowledged nuclear power.
Democrat presidential candidate Robert F. Kennedy Jr. warned on Thursday that the “next step of Ukraine War escalation” is stationing United States military advisers on the ground.
He flagged a recent article by Foreign Affairs titled “Why America Should Send Military Advisers to Ukraine: On-the-Ground Help Will Bolster Kyiv Without Risking Escalation.”
He posted on X: “Establishment journal Foreign Affairs signals the next step of Ukraine War escalation: stationing U.S. military advisors on the ground. Have they forgotten how we got embroiled in Vietnam?”
A German member of parliament says his account with Deutsche Bank-owned Postbank has been closed for political reasons, claiming his being a politician from the right has made him a target for debanking.
Alternative for Germany (AfD) member of the Bundestag and party co-chairman Tino Chrupalla claims to have been debanked, telling national television: “On Friday my account was cancelled by Postbank because I am an AfD member”. This is part of a process of excluding and discrediting people outside the political mainstream, he claimed.
German broadsheet newspaper Die Weltreports the comments of a Postbank spokesman, who stood behind client confidentiality to avoid discussing the case, but stated nevertheless they had the right to cancel any account they wanted to without having to give a reason.
A Michigan judge ruled that Ethan Crumbley, the teen who killed four high school students and wounded seven others, is eligible for life in prison without chance of parole.
On Friday, Judge Kwamé Rowe ruled that 17-year-old Crumbley, who was 15 when he opened fire at a high school in 2021, is eligible for imprisonment without the possibility of parole, which is the harshest punishment possible in the Great Lake State.
The teen pleaded guilty to one crime of terrorism resulting in death, four counts of first-degree murder, and 19 additional offenses in connection with the fatal attack.
Adults in Michigan face an automatic life sentence for first-degree murder. However, since the shooter was 15 at the time, the judge had the option of giving the teen life in prison or a lower term anywhere between 25 and 40 years at a minimum with the possibility of eventual release.
In this case, prosecutors needed to prove to the judge that life without parole was an appropriate sentence for Crumbley.
Rowe said that the prosecution disclaimed the presumption that life without parole is unfair to the teen.
The Trudeau government’s recently passed Online Streaming Act is moving into its next phase of regulation by requiring podcasters to register with the Canadian Radio-television and Telecommunications Commission (CRTC).
The government claims the regulation will “ensure online streaming services make meaningful contributions to Canadian and Indigenous content.”
But critics worry the move is just the Liberal government’s latest attempt to control what Canadians are able to see and hear online.
“The CRTC now wants to regulate podcasts,” said the Toronto Sun’s Brian Lilley. “Here is my simple message to them. Go to hell.”
CRTC’s announcement states that podcasters meeting certain criteria “need to provide information about their activities in Canada.”
Online streaming services operating in Canada that offer audio or video content that generate $10 million or more in annual revenues must complete a registration form by November 28.
Malicious ads served inside Microsoft Bing's artificial intelligence (AI) chatbot are being used to distribute malware when searching for popular tools.
The findings come from Malwarebytes, which revealed that unsuspecting users can be tricked into visiting booby-trapped sites and installing malware directly from Bing Chat conversations.
Hackers linked to the Chinese communist government have exploited a Microsoft engineer's device to breach the inboxes of at least 10 Department of State employees, stealing around 60,000 emails as part of a high-profile hack earlier this summer.
The United States dollar has reigned supreme as the world's dominant currency for nearly eight decades. However, a coalition of emerging economies, weary of the Western world's pervasive influence on global governance and finance, is determined to diminish its prominence.