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Financial Meltdown: The Impending Credit Crunch; The Next Shoe to Drop?

Chart_DownLast week’s violent gyrations in the stock market are the result of a tug-of-war between two well-represented groups of investors. One group thinks the Coronavirus will severely impact the global economy pushing stocks further into the red, while the other group believes the Fed will intervene in the market once more and save the day. The matter is likely to be settled as soon as next week as the drip, drip, drip of bad news continues to dampen investor expectations further intensifying the selloff.

Investors perception of the Fed’s role in fueling rallies, micromanaging the markets and providing a safety-net whenever stocks fall, has reached a critical tipping point.

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Searching for Truth in What We are being Told About Covid-19


if_corona_PPEFollowing the news regarding coronavirus disease 2019 (Covid-19) we'd be led to believe humanity faces an unprecedented crisis – and judging by the socioeconomic damage being done – it is not that difficult to believe some sort of unprecedented crisis is indeed unfolding.

Yet the sense of urgency imposed upon the general public – prompting lockdowns around the globe and unprecedented measures being put in place – all centered around fighting a supposedly dangerous pathogen and avoiding overburdening global healthcare infrastructure – is entirely artificial.

If Covid-19 was truly a pandemic worthy of such hysteria – a pandemic the West has claimed over the years was all but inevitable – why has the current international order dominated by the West failed so utterly in dealing with Covid-19?

Trillions for Endless War, Nothing for Pandemic Preparations?

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The Missing Narratives in the Debate on “Medicare for All”

ashamed_Liberty The onslaught of misinformation from the corporatist wings of both political parties and media biases against universal healthcare are obviously confusing the electorate. This is seemingly evident in this week’s Super Tuesday with Joe Biden winning the majority of the states.  This confusion leaves citizens bewildered about how they will pay their bills unless a fundamental overhaul of medical insurance is undertaken. More important, what will happen when you are diagnosed with a serious illness and are not fully covered? What are your chances of joining the ranks of the 530,000 families that file bankruptcy annually for medical reasons?

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Post-Republic “Weimar America”, Here We Come! Virus Hysteria Adds $10 Trillion to the National Debt

burning_moneyThere’s no doubt that the Coronavirus is a serious infection that can lead to severe illness or death. There’s also no doubt that ‘virus hysteria’ has been used for other purposes. Wall Street, for example, has used virus-panic to advance its own agenda and get another round of trillion dollar bailouts. In fact, it took less than a week to get the pushover congress to ram through a massive $2.2 trillion boondoggle without even one lousy congressman offering a peep of protest. That’s got to be some kind of record.

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Too Big To Cover Up?

The Legend of 9/11
9-11_thermite1In the early days of my assertion that 9/11 was an “Inside Job”, amongst the sneering and disbelief, this statement (or something to its effect) was often made,

“There is no way something that big could be covered up! There would have to be to many people involved and there is no way it wouldn’t get out!”

Basically the implication was that I was a nut. I have actually lost friends over this topic. Fortunately, although I may very well be a nut, people are speaking out and have been for a very long time. The problem is they are not being heard. 
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COVID-19: Martial Law, Digital Currency, and World Government

Is the corporate media-generated hysteria over what appears to be a normal influenza virus happenstance?

federal-reserve-400x269I certainly don’t claim to be a financial wizard. In fact, at best, I have a rudimentary understanding of how the convoluted funny money economy works. However, you don’t need to fully comprehend the ins-and-outs of rigged monetary system to understand we’re in for big trouble and the coronavirus “pandemic” is not only accelerating the fall but will make the outcome far, far worse.

For more detail on the financial end of this disaster, read Mike Whitney’s Why Washington’s COVID-19 Relief Package Must Be Stopped!

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The Power of Fear

media-disinformation-400x241Fear is an instrument of social control and repression.

Time and again, terrified people bow to the will of their ruling authorities even when harming their own rights and well-being.

The philosopher Seneca once said that:  “(t)here are more things…likely to frighten us than there are to crush us. We suffer more often in imagination than in reality.”

Edmund Burke explained that:  “(n)o passion so effectually robs the mind of all its powers of acting and reasoning as fear.”

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Biden Rejects Medicare for All

medical-imgOn major policy issues, Biden’s agenda resembles Trump’s with a party label difference — both unacceptable, demanding rejection.

Throughout his time in public office, Biden one-sidedly supported and continues supporting privileged interests at the expense of the public welfare — notably against world peace and social justice, ideas he rejects.

The world’s richest country USA is the only developed one without some form of universal healthcare.

It’s the only equitable system for all its citizens and residents — everyone in, no one left out.

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Banana America: The Fix Is in! “US Politics These Last 48 Hours, …Bernie vs. Biden”

sanders-trump-400x300This writer has watched countless boxing matches over the years, and has seen how in many instances ‘The Fix is in’. The powers that be want a certain prospect to move up the ranks, they ‘Fix’ it. With boxing all you needed was two judges and maybe the referee, and wallah, your guy wins. It was on  March 13th 1963, when heavyweight prospect Cassius Clay fought journeyman fighter Doug Jones at Madison Square Garden. My dad and I watched it on I believe video tape (not sure of that) and we both felt that Jones won the fight. Clay (soon to be Muhammad Ali) got the decision and went on to fight Sonny Liston for the championship. Well, what just transpired in politics these past 48 hours was right up there with any good old FIX.

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Who Killed Canada? VIDEO

Spinning Canadian Flag gif Mel Hurtig OC (R.I.P 1932–2016)   

This video may be the most important video that most Canadains and especially young Canadains, have not seen and I truely hope you will take the time to watch it. It is telling the facts that our main stream media doesn't tell and our politicians do not talk about. The Killing of Canada as we know it.

Please watch and pass it along in everyway you can and then get involved to help try to save our country! Ian Macdonald, IF Editor

hurtigflag

Video based on Mel Hurtig's book 'The Truth About Canada', features Mel, includes non-biased, non-partisan StatsCan data, OECD studies, polls, graphs.  John Riddell Sep 17, 2008 


Watch this important video here:  Who Killed Canada?

Watch this HD Video too: The Truth About Canada  

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The Shadow Money Lenders

shadowsThe Real Significance of The Fed’s Zero-Interest-Rate Policy (ZIRP) The Battle To Save The Fiat Money System Has Begun.

G

lobal Central Banks Acting In Concert - Disinformation In Financial Dailies To Confuse The People  When The Truth Dawns On Hapless People, There Will Be Blood On The Streets.

This Is The Warning By IMF!

INTRODUCTION

The disinformation by the global financial dailies in the last twelve months as to the cause of the global financial tsunami, serve the same purpose as the global mass media when they perpetuated the lies that lulled the people to support the war criminals Bush, Blair and Howard to launch the barbaric war against Iraq and Afghanistan which resulted in the genocide of millions, the mutilation of hundreds of thousands, physically and psychologically, and the devastation of an entire nation.

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Will the Federal Reserve Make Trump a New Herbert Hoover? Is the US Economy Primed for a 1929-style Shock?

GOOBIn recent months US President Trump has pointed repeatedly to his role in making the American economy the “best ever.” But behind the extreme highs of the stock market and the official government unemployment data, the US economy is primed for a 1929-style shock, a financial Tsunami that is more influenced by independent Fed actions than by anything that the White House has done since January 2017. At this point the parallels between one-time Republican President Herbert Hoover who presided over the great stock crash and economic depression that was created then by the Fed policies, and Trump in 2019 are looking ominously similar. It underscores that the real power lies with those who control our money, not elected politicians.

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The High Cost of Privatization

Ontario audit throws cold water on federal-provincial love affair with P3s

Bag_of_CashIn her annual report in December, Ontario’s auditor general (AGO), Bonnie Lysyk, exposed the extraordinary waste and financial sham pervasive in public-private partnerships (P3s)—projects her office estimates to have cost the province $8 billion more than if they had been publicly financed and operated. That is the equivalent of $1,600 per Ontario household, or close to what the provincial deficit will be this year.

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21 Ways the Canadian Health Care System is Better than Obamacare

CanFlagDear America:

Costly complexity is baked into Obamacare. No health insurance system is without problems but Canadian style single-payer full Medicare for all is simple, affordable, comprehensive and universal.

In the early 1960s, President Lyndon Johnson enrolled 20 million elderly Americans into Medicare in six months. There were no websites. They did it with index cards!

Below please find 21 Ways the Canadian Health Care System is Better than Obamacare.

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Canada’s choice:

Austerity or prosperity

theftcuffsImagine for a moment two societies living side by side. One has discovered the wheel and uses it. The wheel makes life easier for workers and boosts the economy for everyone. Prosperity reigns. The society next door is well aware of the wheel and watches as its neighbours move inexorably ahead, becoming wealthier, more efficient and healthier while creating more leisure time for cultural activities.

But the ones who reject the wheel aren’t those who do the work in this society. Those who refuse it are the governing elite, the priests, the official advisors and scribes who have incorporated a moral objection to the wheel into the state religion.

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What’s Happening to Canada?

naderiiOpen letter to P.M.

February 18, 2015

The Right Honourable Stephen Harper, P.C., M.P.
80 Wellington Street
Ottawa, ON K1A 0A2

Dear Prime Minister:

Many Americans love Canada and the specific benefits that have come to our country from our northern neighbor’s many achievements (see Canada Firsts by Nader, Conacher and Milleron). Unfortunately, your latest proposed legislation—the new anti-terrorism act—is being described by leading Canadian civil liberties scholars as hazardous to Canadian democracy.

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9/11 Everybody look what's goin down...

worldtradecenterExcerpts from the book... Crossing the Rubicon by Michael C. Ruppert

p236
Somebody knew

Throughout the world the independent media organizations have done an outstanding job of picking up and reporting on independently published stories that the major media overlooked. One of the most outstanding examples of this was a July 16, 2002, piece posted at the website of Portland Indymedia (<www.portland.indymedia.org>) that reproduced the following short article originally found at The Memory Hole.

NPR interview on 9/11 confirmed attack was 'not entirely unexpected.

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Why Canada’s Job Future Is Sinking like a Stone

GM_Transmission_Plant_WindsorCanada’s economy is increasingly at the mercy of a risk-averse, inept corporate elite addicted to government tax breaks. They are enabled by an ideologically addled government which is incompetent.

It is a deadly combination — a dumb and dumber team dragging us backwards at a time when the world is hoping there won’t be another economic collapse.

Recent media reports reinforce what we have known for decades about the Canadian corporate elite. One highlighted Canada’s dismal performance when it comes to research and development, the other our pathetic efforts at broadening our markets for exports. More and more evidence piles up that we are de-industrializing — reminding me of the Star Trek episode where the whole crew starts devolving. Captain Picard is destined to become a pygmy marmoset. I wonder what the end point for Canada might be?

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Price Rigging and Financial Corruption. A Global House Of Cards

Money_LaunderingA

s most Americans, if not the financial media, are aware, Quantitative Easing (a euphemism for printing money) has failed to bring back the US economy.

So why has Japan adopted the policy?  Since the heavy duty money printing began in 2013, the Japanese yen has fallen 35% against the US dollar, a big cost for a country dependent on energy imports.  Moreover, the Japanese economy has shown no growth in response to the QE stimulus to justify the rising price of imports.

Despite the economy’s lack of response to the stimulus, last month the Bank of Japan announced a 60% increase in quantitative easing–from 50 to 80 trillion yen annually.

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The Incarceration of the American Consumer

corporationsHow do corporate attorneys sleep at night considering that with the power of their large corporate clients, they often crush the freedoms of workers, consumers and small communities who are trying to break out of a complex web of shackles?

These highly paid power lawyers expertly weave an intricate system of controls into one-sided contracts enforced by laws garnished with the muscle of big business to wear down all but the most intrepid shoppers.

I am not only referring to the mass marketing scams, crams, deceptions and hidden frauds.

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Work in the age of anxiety

Occupy_People_Not_ProfitWorking Canadians, from blue collar workers to middle class professionals to hamburger flippers are facing the worst economy insecurity, most stressful working conditions, the slowest increases in real income and the most cynical anti-worker governments literally since the 1930s. At the same time the 1% and the powerful corporations which make them rich have not been so privileged in terms of wealth, income and political power since the pre-crash 1920s.

Yet in those days when there was virtually no state protection for workers, unions were illegal, police were more brutal and economic security for many non-existent there was a level of militancy, courage, social solidarity and sheer determination that was at once stunning and inspirational. It terrified that day’s 1% and following the depression and war it brought the only concessions to workers capitalists have ever agreed to.

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Nuclear Power’s Insanities

Taxpayer-Guaranteed

nuclear_wasteThe Nuclear Energy Institute (NEI) – the corporate lobbyist in Washington, D.C. for the disintegrating atomic power industry – doesn’t have to worry about repercussions from the negative impacts of nuclear power. For nuclear power is a government/taxpayer-guaranteed boondoggle whose staggering costs, incurred and deferred, are absorbed by American taxpayers via a supine government regulatory and subsidy apparatus.

So if you go to work at the NEI and you read about the absence of any permanent radioactive waste storage site, no problem, the government/taxpayers are responsible for transporting and safeguarding that lethal garbage for centuries.

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Peak Inequality: The .01% And The Impoverishment Of Society

Occupy_Jump_YouAsignificant systemic change is now a mathematical fact. Corruption, greed and economic inequality have reached a peak tipping point.  Due to the consolidation of wealth, the majority of the population cannot generate enough income to keep up with the cost of living.  In the present economy, under current government policy, 70% of the population is now sentenced to an impoverished existence.

Let’s take an in-depth look at the evidence.

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Can You Imagine? Toppling the Fossil Fuel Empire

“We can’t solve problems by using the same kind of thinking we used when we created them.” Albert Einstein

oilAs the world struggles with how to deal with the slow motion apocalypse of global climate change it becomes more and more apparent that we are trapped in “the kind of thinking” that got us here. While I don’t want to wear out Einstein’s quotability his other little piece of wisdom that we need to keep top of mind is this:

“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.”

Our failure of imagination regarding the ever-increasing production and use of fossil fuels will, over time, kill billions of us and irreversibly change all life on the planet.

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Who Needs $80 Billion? Starve Us Some More

Canadian_Flag

For years Stephen Harper often seemed at war with his own government, so consistently critical were reviews by its various independent oversight agencies. It seems that at least one “independent” body, the Parliamentary Budget Office, is now a little more PMO-friendly. A recent report from the PBO’s new chief Jean-Denis Fréchette declared that thanks to the incredible generosity of the federal government, “Canadians” have an extra $30 billion in their pockets — money “saved” due to Conservative tax cuts. The figure includes reductions in personal income tax of $17.1 billion and the federal share of revenue loss GST/HST of $13.3 billion.

That’s almost $1,000 per person.

Isn’t that nice.

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Page 2 of 3

Guns and Butter

with  Economist and the Founder, Director and Editor of the Center for Research on Globalization, Michel Chossudovsky

Globalism Quotes

“If you tell a lie big enough and keep repeating it, people will  eventually come to believe it. The lie can be maintained only for such time as  the State can shield the people from the political, economic and/or military  consequences of the lie. It thus becomes vitally important for the State to use  all of its powers to repress dissent, for the truth is the mortal enemy of the  lie, and thus by extension, the truth is the greatest enemy of the  State.”
 
Dr. Paul Joseph Goebbels, Reichsminister of Propaganda in Nazi Germany from 1933 to 1945.

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