The Gold Standard will force an excruciating deleveraging, austerity, deflation, and depression, and bring immense pain to the masses. The Real Populists have been warning against the coming Gold Standard as the Banker Master Plan to destroy America for decades.
Since mid-September, financial observers have been concerned by reports that the Federal Reserve is lending tens of billions of dollars to unnamed parties, believed to be major banks, under overnight repurchase agreements, commonly called repos.
Last Friday, October 11, the Fed issued a statement briefly describing these activities as increased purchases of Treasury bills to earn additional income needed to meet anticipated higher expenses. The Fed further stated that repurchase lending activities for overnight and term durations will continue at least through January, 2020, to ensure that reserves remain ample and to mitigate risk of money market pressures which might otherwise raise the value of the dollar.
One of the things I learned today from talks given at Lawrence Livermore Labs was that for the past seven years, each budget for nuclear weapons has increased. In particular it was true in 2015 under Obama, who increased it to over Cold War levels. The peak of Cold War spending was in 1985. Spending went down with the fall of the Soviet Union until the second Bush came into power. We’re back at Cold War levels, $9 billion per year. From 2015 till now, each year the budget has risen. It didn’t start under Trump. But right now, under Trump, we are budgeting 40% higher than in the Cold War. It is obscene, it is crazy, it is wrong.
Social Manipulation in a Changing Information Environment
UC Berkeley economist Clair Brown argues for an economic system based on altruism, sustainability, and a meaningful life. Because even economics is about more than money.
In Buddhist economics, happiness is defined by the concept of interconnectedness. All people, all beings, are interdependent with each other and with nature. Happiness comes from making sure people lead comfortable, dignified lives and interact with each other and nature in a meaningful, caring way.
The Pentagon’s controversial $10bn JEDI cloud computing deal is one of the most lucrative defense contracts ever. Amazon’s in pole position to win—and its move into the military has been a long time coming.
Stephen E. Arnold, a specialist in intelligence and law enforcement software, has used a series of online videos to trace the evolution of Amazon from 2007, when it had “effectively zero” presence in government IT, to today, when it appears set to dominate. “Amazon wants to neutralize and then displace the traditional Department of Defense vendors and become the 21st-century IBM for the US government,” he says.
ROBERT STEELE: This is what a farmer’s protest looks like today (this one in The Netherlands). No pitchforks, just tractors on the road. The Deep State mass media in the USA is covering this up, they are scared shitless it will happen here at home. The President is not paying enough attention to the pain of our American farmers and the poisoning of America by the Agricultural-Industrial Complex led by Monsanto.
As many now know the Gray Swans are an adaptation of Nassim Taleb’s famous theory on a Black Swan Event. A Black Swan is an unpredictable event that is catastrophic – a game changer. Most famous was 911. The world changed that day and virtually none of us had a plan for it.
A Gray Swan is a predictable event that is catastrophic. Unfortunately there is some quirk in human psychology that seems to ignore the inevitable. Catastrophes that are predictable yet we do not do anything about planning for them? Let us sit like ignorant “sitting ducks” and wait for a Gray Swan to land.
Phi Beta Iota: Covers loss of data integrity and protection, idiocy of changing gender on original birth certificates (with life long data implications), Real ID denying domestic travel absent the ID, and social credit control.
PBI: Post title by PBI editor. Worth a full read:
Google: Managing Staff a Challenge
DarkCyber is not sure about the accuracy of “Exclusive: Google Insider Turns Over 950 Pages Of Docs And Laptop To DOJ.”
What struck DarkCyber as interesting is that the cache of documents has not made much of a splash in the last few weeks.