Federal Reserve

The next twelve months may be your last chance to take the red pill for understanding what is really happening to the economy, why it is happening, and what you absolutely must do if you hope to survive the biggest crash-and-reset in the history of mankind.

Image from Peterborough ExaminerThe world-wide collapsing economies and collapsing ecosystems together create such a catastrophic storm that all versions of buttoning down the hatches and weathering it out simply won’t work. The history of economy has been to tear at the earth until life itself cannot be sustained. The western addiction to profit at any cost has opened the floodgates to massive inequality, poverty and starvation across the globe.

Modern Monetary Theory (MMT) has become popularized by some of the liberal-left because it offers an explanation how to achieve full employment, national health insurance, free college education, and the Green New Deal without raising taxes. Political leaders like Alexandria Ocasio-Cortez and Bernie Sanders have espoused MMT. Economist Stephanie Kelton, a leading spokesperson of the theory, served as chief economic adviser to Sanders during his 2016 presidential campaign.

It usually makes sense to follow the money when seeking understanding of almost any major change. The strategy of following the money in our current convergence of crises in late summer of 2020 leads us directly to the lockdowns. The lockdowns were first imposed on people in the Wuhan area of China. Then other populations throughout the world were told to “shelter in place,” all in the name of combating the COVID-19 virus.

The Republican and Democratic Party conventions showed that both major parties are failing to control the pandemic and protect people, address the climate crisis and clean up the environment, support families and businesses during the economic collapse, prevent police violence or deal with any of the other major problems we face.

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What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important question and pulls back the curtain on America’s central bank.

Spreading faster than COVID-19 among those on the portside, warnings of a fascist-style coup by Trump are rampant this presidential campaign season. Should Trump fail to carry the Electoral College, Noam Chomsky admonishes, “he could send Blackshirts out in the streets… preparation for a plan to try to bring the military in to carry out something which would amount to a military coup.”

American Institute for Economic Research, July 28, 2020

Political Legitimacy Dies in 2020

James Bovard