-- Published: Friday, 30 June 2017 | Print | Disqus
Apparently, The Globalist Deep State has gone on the Offensive again against Investors and Freedom—Potentially Conning Citizens everywhere via the deceptively named Bill “Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017” (S1241 – Grassley R-IA). We say apparently because the language of the proposed law appears straightforward enough. However, the language of Key Provisions is so Broad it could be interpreted and applied in such a way very detrimental to Investors, Businesses and Citizens in General.
Here, Deepcaster provides information about how to Oppose, Protect and Profit from it. Unfortunately, the Bill already has bi-partisan support with Feinstein (D-CA, Corryn (R-AZ) and Whitehouse (D-RI) co-sponsoring it. It therefore has a high probability of passing unless…grassroots Investors and Citizens stop it.
It is however clear that the Bill does dangerously expand the powers of Government vis à vis Investors, Businesses and the Citizenry, as follows:
It would expand Government Power to engage in Civil Asset Forfeiture on small pretexts, e.g., if one fails to timely file one Government Form It would Force Private Businesses to Monitor private Financial Activity It would Legalize Government Monitoring of Private Citizens and Businesses if, in the Opinion of some Government Official, you may be engaging in some Suspicious Activity.
All quite Bad Enough, but consider as well the potential for very Broad (and therefore intensive and/or oppressive) interpretation of the following:
“§ 5333. Prohibition on concealment of ownership of account
“(a) In general.—No person shall knowingly conceal, falsify, or misrepresent, or attempt to conceal, falsify, or misrepresent, from or to a financial institution, a material fact concerning the ownership or control of an account or assets held in an account with a financial institution.
“(b) Penalties.—A person convicted of an offense under subsection (a), or a conspiracy to commit such offense, shall be imprisoned for not more than 10 years, fined not more than $1,000,000, or both.
“§ 5334. Prohibition on concealment of the source of assets in monetary transactions
“(a) In general.—No person shall knowingly conceal, falsify, or misrepresent, or attempt to conceal, falsify, or misrepresent, from or to a financial institution, a material fact concerning the ownership or control of assets involved in a monetary transaction if—
It thus appears that the Bill could force Investors and Citizens to Register Cash and Bitcoin (but not, apparently, Gold or Silver and make it Illegal to hold a medium amount of cash, Bitcoin, and other assets outside of a bank without informing them in writing.
All of this would eliminate Citizen-Investors and Citizens’ privacy and freedom and subject all of us to almost total Financial Control by the private for-profit Fed-led Mega-Bank Cartel. In other words, it appears the Act would require all Citizens to inform the Government (via Government Forms!) how much you have, where you have it, and via the “Transaction” Requirement, why you have it. (Of course, the Bill is not in Final Form since it would have to go through at least two committees and Floor votes. Nonetheless, it is important to “cut it off at the pass” as they say.) Violators would be subject to imprisonment of up to 10 years.
Therefore, it behooves us all to consider how to Oppose this Bill, and how to profit from the Battle Against it, via the following.
As the World becomes more Globalized (as opposed to Internationalized) and Technologically connected, Threats to our Precious freedoms continue to grow.
The following Threats are Part and Parcel of the same Globalist Mega-Bank Cartel Mindset and Agenda which led to the drafting of S1241.
Unfortunately, certain of the Major Threats resulting from the Globalist Cartel’s Agenda are Threats/Trends which are not (yet) widely acknowledged, and therefore, not yet widely opposed. But they all should be opposed along with S1241.
Fortunately, there are ways to oppose these Threats and, in some cases, to make Money in Opposing them.
To profit, in others words, by taking an Ethical Stand. Read on.
Threat #1: A Cashless Economy
Increasingly, payments are made via Mobile Phone Apps like PayPal, Square and Apple Pay among others.
Convenience is one good argument for this payment method.
But it’s about the only one. That’s because the Mega-Banks are pushing hard for a Cashless Society (like they already have installed in Sweden). But this Mega-Bank Push provides both Profit Opportunities and a Way to Monitor and expose the negative consequences of the Mega-Banks’ push.
Indeed, going entirely Cashless, is a Multi-faceted Threat to our Freedom and should be strongly opposed. That is why, while we approve of the judicious use of mobile payment systems we strongly oppose the push to go entirely cashless. There are many ways to oppose this including lobbying and refusing to do business with institutions which refuse to accept cash.
But why do the Mega-Bankers including the Central Banks, want us to go entirely Cashless?
Control, Knowledge and Profit.
Surely most readers have at some time, had a credit card line of credit reduced, suspended or terminated entirely even if those actions of the card issuer were entirely unfair! In that event, other means of payment, (e.g., cash) must be used until the Credit Situation is resolved.
But imagine if there were no cash. If your line of credit is reduced or terminated, you are totally at the mercy of the banks and banking system that gives the Mega-Bankers nearly total control over your economic and many aspects of your personal life… And suppose these Actions are taken when you are in a Foreign Country. Horror of Horrors.
Solution: Use mobile payment system with discretion but strongly oppose any and all efforts to force us to go cashless—e.g., via “Fedcoin” (see below) and/or reduction or elimination of Bank Tellers and/or elimination of large denomination Currency Notes.
By Buying into the Mobile Payments System, Consumers (all of us) wittingly or unwittingly provide much personal information to the Payment App Provider. And this info is very valuable to those who want to sell us stuff and/or positively or maliciously Affect our lives.
Knowledge is Power and the more one lets the Mega-Banks and Vendors know about us the more Power they have over us. Result: We lose privacy and control.
It is easy to see how the Bankers in a cashless Society could more easily confiscate our wealth from us, given the Control and Knowledge a Cashless Society would give them.
Unfortunately, a Cash-free Society is already being planned for.
The Private For-Profit Fed is already planning to have “Fedcoin” which of course has the potential to replace cash using Bitcoin Technology And this is likely to happen if IMF SDRs or the Gold-backed Chinese Yuan.do not displace the $US first.
Thus it is no surprise that Establishment Spokesmen like Larry Summers and Ken Rogoff are already arguing for going cashless.
They make the specious Argument that Crooks use cash to hide/transport their ill-gotten gains. But Crooks have alternatives to Cash like Bitcoin, gemstones and Gold and Silver, among others.
There is a Wealth and Freedom-protecting Alternative. That is if one wishes to Argue in Favor of Cash you should also Argue for U.S. Notes backed by the Full Faith and Credit of the U.S. Government—and backed by U.S. Gold Reserves, if there is any left—(as opposed to Federal Reserve Notes). President John F. Kennedy authorized the issuance of U.S. Notes by the U.S. Treasury a few months before he was killed, because he recognized that the Mega-Bank Cartel had too much Power over Americans and were using it to bleed them of their wealth.
Fortunately, there are a few short-term Great Profit Opportunities facilitated by the Mega-Banks and Elites as they attempt to force us toward being Cashless. (See Deepcaster’s recent Buy Recommendations.)
In sum, stay tuned to Deepcaster’s upcoming Letters and Alerts for Updates on attempts to force us to go cashless, and additional Profit Opportunities arising from these attempts.
This brings us to a related Threat to Freedom and Independence.
Threat #2 The Cloud
See Deepcaster’s Article dated April 28, 2017.
And it is important to reiterate that the Cloud is the system by which Cashless Transactions are processed is quite vulnerable to Hacking, Breakdowns and Electro-magnetic Pulses which could shut down the Financial System for Weeks or Months.
Threat #3 The Federal Reserve (and related Controlled Entities, e.g., IMF, BIS other Central Banks)
Deepcaster and others, including especially former Congressman, Ron Paul, have written much about the Threats to Political and Economic Freedom as well as to wealth, posed by the private, for-profit Federal Reserve which is owned and controlled by the Globalist Mega-Banks.
To further consider this topic in depth: We urge you to read Deepcaster’s Two Free Reports, “Profit, Protection, Despite Cartel Interventions—2017 Update,” and “Essential Knowledge for Maximizing Real Gains in 2017.” The power to print/digitize Money provides Immense Economic and therefore Political Power, and Great Wealth for the Mega-Banks who own The Fed.
In the process of Devaluing the Purchasing Power of the U.S. Dollar by some 98% since 1913, The Fed has transferred Great Wealth to its Owners and Allies, and Greatly Harmed Investors, Savers, Retirees, Pensioners, and Citizenry in General.
And regarding the Political Power of the Money Printers, Nathan Rothschild said it best: “Who controls the issuance of money controls the government” and we should add, amasses immense wealth, often at the expense of others.
Remedy: Abolish The Fed and establish a Gold- and Silver-backed National Currency issued by the U.S. Treasury as authorized by the U.S. Constitution.
We reiterate, President Kennedy took Major Positive Steps in this Direction in 1963 when he ordered the Treasury to print U.S. Notes in competition with Federal Reserve Notes. He never got to wholly fulfill his worthy Goal, though there are still U.S. Notes in Currency Collections.
He was killed four months later.
The Upcoming worse-than-2008 Mega-Financial Crisis (see Deepcaster’s recent Letters and Alerts for Buy Recommendations aimed at Profiting and Protecting) will offer Americans a Once-in-a-Lifetime Opportunity to Abolish The Fed and we should Take It and to Protect and Profit from those well-positioned. Indeed, regarding Profiting and Wealth Protection from the coming Mega-Crisis, see Deepcaster’s Buy Recommendations in his recent Letters and Alerts.
Threat #4 False Economic Theories
Judging by its action one concludes that The Deep State believes growth in the Fiat Money Supply via Debt is Good. Indeed, one continually hears the Mantra “Growth is Good” “we must have More Economic Growth.” The implicit Assumption seems always to be “All growth is good.” But stated that way it is a fallacy. These Mantras are True if and only if, adequately qualified. The better statement would be “Some forms of Growth are Quite Good.” Others, Not Good.
Consider the following claim:
“Population growth increases GDP and is therefore Good.”
However, while Population Growth typically increases aggregate GDP, it always decreases per capita GDP. And it is per capita GDP by which the wealth of a Nation is (or should be) measured. Consider the huge Per Capita GDPs of China and India, the World’s most populous Nations. The Per Capita GDP is extremely low in both. Consider that New Zealand and Bangladesh have about the same GDP. But which country has citizens who are better off—NOT Bangladesh which is quite overpopulated compared to New Zealand.
Another fallacy of the “all” in “all Growth is Good” is that all forms of growth are NOT Equivalent “Goods.”
Unlimited Growth in Debt is not good for the Debtors but Profitable for the Mega-Bankers.
Growth in knowledge is usually Good.
Growth in Technology is often good except when, e.g., used to make offensive weapons of Mass Destruction and/or when it impairs healthy human growth or interaction by becoming a Crutch (cf. Smartphone Addiction).
Growth in production of “Things” is often Good except when the “Throughput” of the Production Process produces unacceptable consequences, such as lethal Toxins.
And if there are too many people and things (e.g., vehicles) in any given area, the Resource and/or population “Carrying Capacity” of that Area can be exceeded with very negative consequences, like, e.g., destruction of our Agricultural Production Capacity.
Consider: “For every person added to the U.S. Population, One Acre of Farmland (i.e. Precious Topsoil which requires decades to rebuild) or Natural Habitat is converted to developed uses.” (Pimentel et.al. Cornell)
See carryingcapacity.org for more information and Action Items on this crucially important Topic.
Bottom line for Investors investing for the long Run: Invest in those industries employing unqualifiedly accurate assumptions about growth so they can Profit from its healthy forms for years to come. See Deepcaster’s upcoming Letters and Alerts.
Threat #5 Cultural Marxism
Cultural Marxism (CM) is useful for the Deep State as we explain here.
CM is an Ideology/Conditioning Technique which is insidious because many who are the Victims of it and conditioned by it are not even aware of it. But Cultural Marxism is partly or largely responsible or “Political Correctness”, Globalism (as opposed to Internationalism), anti-Western Civilization Movements, and Mass Immigration inter alia.
And it is the dominant “Ideology” in much of the Mainstream Media, in Academia, and in Politics today.
For a full Exposé and Analysis, see the February, 2010 and following posts at carryingcapacity.org.
Threat #6: Denial of the Seriousness of the Oncoming Threats and especially the Threat of a Mega-Financial Crisis
The Deep State has an interest in the Public NOT anticipating the Impending Great Crash, because they want to control the Shape of Governance, The Economy, The Markets, and Society, as we emerge from the Crisis.
The USA is over $20Trillion in Debt and has downstream unfunded liabilities of over $100Trillion. And China’s Debt to GDP is 260%.
These Debts can never be repaid without “Money from Helicopters” with Catastrophic Consequences.
Just consider the Realities per Shadowstats:
Substantially Adverse Economic Circumstances Have Begun to Unfold,
Threatening FOMC Hopes for Normalizing Monetary Policy
“Consumers generate 70% of GDP, they are in Trouble!”
Amidst Mounting Income and Credit Stresses on Consumers,
Headline Retail Sales Suffered Major, Near-Term Downside Revisions;
Recent Auto Sales Were Not As Strong as Advertised
First-Quarter Real Average Weekly Earnings Declined Year-to-Year,
Along with Back-to-Back Quarterly Contractions,
Circumstances Not Seen Since the Stalled GDP of Second-Half 2012
Real Growth in Consumer Credit Outstanding Has Faltered in a Manner
Also Not Seen Since the Stalled GDP of Second-Half 2012
Headline CPI-U Inflation Fell by 0.29% (-0.29%) in March,
Pushing Annual CPI-U Inflation Lower to 2.38% (Was 2.74%), with
CPI-W at 2.35% (Was 2.82%) and ShadowStats at 10.1% (was 10.5%)
March Final-Demand PPI Annual Inflation Hit a 60-Month High of 2.28%
No. 880 : March CPI, PPI, Retail Sales, Real Earnings, Consumer Update, Shadowstats.com, April 15th, 2017
Note that Real U.S. Inflation is 10.1% and Real Unemployment 22.9% per Shadowstats as we see from the following chart.
Bogus Official Numbers vs. Real Numbers (per Shadowstats.com)
Annual U.S. Consumer Price Inflation reported June 14, 2017
1.87% / 9.60%
U.S. Unemployment reported June 2, 2017
4.29% / 22.0%
U.S. GDP Annual Growth/Decline reported May 26, 2017
2.04% / -1.86%
U.S. M3 reported June 4, 2017 (Month of April, Y.O.Y.)
No Official Report / 3.514%(e) (i.e., total M3 Now at $17.988 Trillion!)
Indeed, Equities Markets around the world have topped, or, in the case of the USA, are Topping, and the USA is almost done Topping!
Overview: the Markets have shot up since the U.S. Election (Dow has hit a record 21,000+) on the hope/sentiment that President Trump’s Optimistic speeches and Policies will usher in a New Era of a Booming Economy and Markets.
Unfortunately, as much as we would like to believe in that vision, the Economic and Geopolitical Realities/Headwinds which Trump inherited are simply too great for that hope to be entirely fulfilled, at least in the short-term. Consider:
The $20 Trillion U.S. Debt and $100 Trillion+ downstream Unfunded Liabilities are one problem which has not been dealt with! And China’s Debt to GDP is 260%! So China can not be the Savior of the International Economy. How are substantial Tax Cuts Possible without substantially raising the Debt?
And we reiterate that Due to Fed low interest rate Policies, Many Companies and Countries are highly overleveraged. EXCESS DEBT IS THE GREAT TRAP and PROVIDES THE DEEP STATE WITH GREAT LEVERAGE. (See our Buy Recommendation aimed at profiting from this.)
Moreover, until recently, the Markets have been pricing in Massive Trump Tax cuts. We expect there will be cuts, but not as substantial or as soon as the Markets expect, want, or are pricing in. And other Trump Initiatives are meeting strong resistance. And RyanCare has been disastrous. Therefore, Earnings Expectations will likely eventually be dashed. Result: More Impetus to the downside.
And technically, Fibonacci and other Technicals, e.g., a confirmed Hindenberg Omen tells us it is likely a Major move down will begin soon (see Deepcaster’s Forecasts re “Soon.”). Equities Markets are thus overpriced to perfection and it can not last.
Indeed, The Fed will eventually have to print “Money from Helicopters” and that will be very inflationary, leading to HyperStagflation.
Great Volatility is coming! And Deepcaster is helping Subscribers prepare via its recent Buy Recommendations just as we successfully did for the 2008 Crash by inter alia, having Subscribers in five leveraged short funds, all of which were subsequently liquidated profitably.
June 30, 2017
FORTRESS ASSETS PORTFOLIO | LETTERS, ALERTS & ARTICLES
HIGH POTENTIAL SPECULATOR | HIGH YIELD PORTFOLIO
Preserve & Enhance Wealth
Investment & Geopolitical Intelligence
| Digg This Article
-- Published: Friday, 30 June 2017 | E-Mail | Print | Source: GoldSeek.com