Category Archives: Finance

Russia Become Most Sanctioned Country In World, With 5532

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Economic Times, India, cites the sanctions watchlist site, Castellum.AI [New York] on the most- sanctioned country in the world, Russia:

The site said that 2,754 sanctions were already in place against Russia before February 22 and 2,778 additional were imposed in the days following the assault, bringing the total to 5,532……

Russia’s number now outranks Iran’s 3,616 sanctions, displacing Tehran from the top position, reports the BBC citing Castellum.AI as saying.

According to the site, the countries and regions targeting Russia with sanctions are Switzerland (568), the European Union (518), Canada (454), Australia (413), the US (243), the UK (35) and Japan (35).”

 

Armstrong Economics: Cash Flows Indicate War Is Coming

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Martin Armstrong vi LRC:

Our model has ALWAYS picked up the shifts in capital flows that precede war. This time we are witnessing outflows not just from China, but also from ALL emerging markets on a scale that is simply unprecedented. The timing of outflows is clearly linked to Biden’s unprecedented sanctions against the Russian people – not just Russia itself as a political state. This has NEVER taken place in history before with the single exception of the US sanctions imposed on Japan and the freezing of all their assets in the United States which preceded Pearl Harbor.

It pains me to have to even write this today. But clearly, those who understand where this is going is to World War III and make no mistake about it – this is INTENTIONAL! Even the official data has revealed that foreign investors have sold a net $5.5 billion of Chinese government bonds in the last few weeks. Biden stupidly threatened China that if they support Russia, they will suffer the same sanctions. This is just insane and it is DELIBERATELY trying to destroy the entire world economy.

Ukraine War: US BioWar Labs Found

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Russia has publicized documentation showing that on Feb. 24, 2022, the Ukrainian government ordered the emergency destruction of dangerous pathogens stored in labs close to the Russian border, with US knowledge and support. The pathogens include those that cause cholera, plague, tularemia, and anthrax, whose development and stockpiling are expressly forbidden by Article I of the UN Convention Against Bacteriological [Biological] and Toxin Weapons.

From Sputnik News:

A network comprised of some 30 biological laboratories was formed in Ukraine, with the activities conducted in these labs being commissioned by the US Ministry of Defense, Russia’s Defense Ministry has announced.
Lt. Gen. Igor Kirillov, head of the Russian Armed Forces’ Nuclear, Biological, and Chemical Protection Troops, stated that the biolabs’ activities, as well as the “so called reform program of Ukraine’s healthcare system executed by the US” have led to an increase in cases of “highly dangerous and economically significant infections.”
According to Kirillov, biological laboratiries in Lvov were conducting work with infectious agents of plague, anthrax, and brucellosis, while the labs in Kharkov and Poltava were working with infectious agents of diphtheria, salmonellosis, and dysentery.
Kirillov also declared that the government in Kiev had sent to the Walter Reed Army Institute of Research in the United States thousands of patient’s serum samples, primarily from patients of “Slavic ethniticy,” under the pretext of testing COVID-19 treatment methods.”

The Russians have also charged that the Ukrainian government was using the elevated level of radiation at the Chernobyl nuclear power plant as cover to work on the development of a dirty bomb.

In a related investigation, George Webb, an investigative journalist in the US, has been following the trail of money fleeced from Ukraine through PrivatBank by a consortium of corrupt oligarchs headed by Igor Kolomoisky and fronted by Zelensky.  He reports that it was laundered into US real estate, especially in Cleveland, a conclusion supported by earlier reports in the mainstream media in the USA.

From the Organized Crime & Corruption Reporting Project:

The former chairwoman of Ukraine’s central bank dubbed it one of the biggest financial scandals of the 21st century.

Valeria Hontareva was describing the alleged theft of US$5.5 billion from PrivatBank, once the country’s largest commercial lender. The suspected masterminds are the bank’s two oligarch owners: Ihor Kolomoisky and Hennadiy Boholiubov, who stand accused of absconding with an amount roughly equal to 5 percent of the country’s gross domestic product. According to court records, both men are said to have recently been living in Switzerland, though Kolomoisky appears to be spending time in Israel.

Reporters also uncovered numerous previously unknown Swiss and French assets controlled by Kolomoisky’s sister.

“Large-scale coordinated fraudulent actions of the bank shareholders and management caused a loss to the state of at least $5.5 billion,” Hontareva said in March 2018. “This is 33 percent of the population’s deposits … [and] 40 percent of our country’s monetary base.”

Webb locates the headquarters of this corrupt scheme, apparently tied to Ukrainian bioweapons research in, no surprise here, Boca Raton [Rat’s Mouth], Florida.

A detailed account of the US involvement in regime change in Ukraine in 2013/2014 has been put together [here and here ] by Jim Holt from The Gateway Pundit, where I was commenting during the run up to the initial election of Trump and his replacement by the fraudulently installed regime of the pseudo Catholic Joe Biden, whose beliefs have been endorsed by none other than the pseudo Pope Jose Bergoglio, aka Francis.

Biden was in Ukraine during Euromaidan [as that regime change in Ukraine was called], when George Soros the ubiquitous financier of Democrat and CIA causes intervened to protect his oil and gas interests in the country and install a friendly billionaire, Petro Poreshenko, instead of the more neutral/Russia friendly Yanukovych.

Apparently, one of the criteria for the selection of Poroshenko was his willingness to allow US bioweapons facilities masquerading as health monitoring stations to be set up in Ukraine, something the previous government had refused to do. Poroshenko also facilitated the creation of an army of mercenaries to fight the pro Russian Donbass separatists. They were financed by Soros’ preferred consortium of coethnic billionaires, specifically Kolomoisky and Boholyubov.

In 2014, the Wall Street Journal, saw fit to publish a laudatory article on Kolomoisky, then governor of Dniepropetrovsk, claiming the was helping fight pro Russian separatists in Ukraine. Indeed he was, including committing war crimes.

Biden’s son, Hunter, as well as a former CIA official Cofer Black, were installed on the board of Burisma, a gas exploration company, actually owned by Kolomoisky through PrivatGroup, the holding company of Privat Bank.

For American consumption, the story was that Biden was in Ukraine to help clean up the corruption that prevented the country from receiving IMF aid. In actuality, Biden was there to benefit from the corruption and stop the probe into Burisma, by ousting the Ukrainian prosecutor who was pursuing it.  When candidate Trump and his cohorts entered the fray to blow the whistle on this corrupt action, he found himself the target of accusations of colluding with Russia, which were subsequently proved false.

The case filed against Kolomoisky and Boholyubov and their agents in America by the USG in Florida can be found here.

Readers of this blog will recognize that as the HQ of the Russian [Jewish] Mafia on the US east coast and one of the prominent centers, along with Tampa, FL, of mortgage fraud during and after the 2008 financial collapse.

As Ukraine and the US authorities have tightened the screws on Kolomoisky over his money laundering scheme, he has started turning more pro Russian, including revealing the extent of US bioweapons installations in Ukraine.

In 2021, Russian Security Council Secretary Nikolai Patrushev when asked by the news outlet Kommersant if he knew if China was behind the Covid virus, replied that the US was vastly increasing the number of its biological labs all over the world, especially on the borders of China and Russia. The US Dept. of State dismissed the charge, claiming that the facilities were simply there to help local scientists to fight dangerous diseases in new ways.

Patrushev told Kommersant,

“We and our Chinese partners have questions. We are told that there are peaceful sanitary and epidemiological stations near our borders, but for some reason, they are more more reminiscent of Fort Detrick in Maryland, where Americans have been working in the field of military biology for decades.”

 

 

Private Equity Firm CEO Leon Black Paid Epstein $150 Million

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From The Daily Beast:

“The CEO of the private equity firm Apollo is stepping down after the company’s board discovered he paid out $150 million to convicted sex offender Jeffrey Epstein. Leon Black, who is also the chairman of the Museum of Modern Art, said Monday he would be stepping down sometime before his 70th birthday in July. Apollo’s board had ordered an inquiry into Black after The New York Times reported in October that he had wired up to $75 million to Epstein after his 2008 conviction for soliciting prostitution from a teenage girl. Black has denied any involvement in Epstein’s international sex trafficking ring and has not been accused of sexual misconduct.”

Bloombergquint has more details about the networks which helped both:

[Lila: Can we say Mossad agent?]

“Epstein, a Brooklyn native, was an enigma to many inside and outside of finance. He attended Cooper Union and New York University’s Courant Institute of Mathematical Sciences but left both without a degree. He briefly had a job at Bear Stearns Cos. and before his first arrest worked extensively for lingerie mogul Les Wexner. The L Brands founder severed ties with Epstein after his first conviction.”

Read more at: https://www.bloombergquint.com/business/what-leon-black-got-for-paying-jeffrey-epstein-158-million

 

Fake News Claims Nameless Frenchman Funded Capitol Protest

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Probably in an attempt to create a counter-narrative to the massive globalist coup that stole the election for Joe Biden, the mainstream media has come up with a story that one inflammatory speaker at the Capitol protest, Nick Fuentes, was funded by “dark money,” including a $500,000 contribution in BitCoin from a 35 year old French computer programmer, who wanted to leave his money to people and causes he believes in, and so sent it in BtC to Fuentes largely, but also to various Alt Right groups, including anti-immigration groups like VDare and others, such as,the Unz Review…

The Unz Review and VDare are part of the mainstream “dissent” category and that itself suggests a bogus story, besides the convenient fact that the computer programmer has now supposedly committed suicide and his obituary, even in a Google web cache has been wiped clean. Google. Uh huh.

We are to take this claim at face value, but affidavits,IP addresses, captured packets of data, images from hardware, statistical analysis…all the mountain of evidence behind Italygate and StoptheSteal is pure guff, outlandish conspiracy, and alternative reality.

Yes, the real foreign interference is not the documented mega- hack by Iranians, Chinese, NATO members and others, directed by the transnational climate-change cabal, but this  BTC- loving corpus-ex-machina.

See, this is why I oppose cryptocurrencies and any amateurish encryption.

At least, if you stick to your own credit-card, a check- book, paper receipts and cash, there is a trail you can use to prove you were framed. If you play around with BTC and VPNs, anyone can pin anything on you…

What’s the real story? I haven’t got deep into this, but I wouldn’t be surprised if some globalist/cabal affiliated group sent money to the Trump protest through these controlled opposition groups.

The reliable and shrewd Mish Shedlock thinks it was stolen money...which is again quite possible with untraceable cryptocurrencies.

At the very least, the whole story is extremely odd.

 

 

Debunking the debunkers of the Gates Corona “conspiracy”

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According to Politifact (May 28), Facebook has the following post on the Covid 19 Testing, Reaching, And Contacting Everyone (TRACE) Act:

“This is what Bill Gates and George Soros want to do – secretly stick you with a chip while testing you for the coronavirus… the Dems have a bill on the House floor ready to vote on it to require this …. House Bill 6666…. no bull…. look it up and WAKE UP!!!!”

Most people would regard this as harmless venting against two of the most powerful and wealthy men on the planet, both of whom influence/dominate health policies in nearly every country in the world. But because it does not carry a book-length appendix of footnotes backing its assertions, it earned the ire of the credentialed Brahmins running the media. They went after it as conspiracy mongering and fake news.

But Politifact’s so-called ‘rebuttal’ is nothing of the sort.

It uses technicalities and minor errors to gloss over the fact that the substance of the Facebook post is quite accurate.

Analysis of just one paragraph of the “rebuttal” will be enough to demonstrate how amiss it is:

“The resolution isn’t on the “House floor” as the Facebook post claims. No action has been taken on the so-called TRACE Act since Rep. Bobby Rush,D.-Ill., introduced it nearly a month ago. Bill Gates also was not involved in crafting the act (and USA Today has more on that in its fact-check).”

Only the first line of this rebuttal is really true:

Yes, this particular resolution isn’t on the House floor.

But another one exactly like it is.

So the claim that no action has been taken on  the bill is technically true but deeply misleading.

This particular bill has not reached the floor, but its substance – contact tracing legislation –  was snuck covertly  into the fine print of  a lengthy piece of legislation, Nancy Pelosi’s $3 trillion Covid relief package..

Dubbed the Heroes Act, the massive stimulus bill passed the House on June 1 and is now before the Senate. And it provides $75 billion for Coronavirus testing and contact tracing.

. “The bill would provide a total of $75 billion for the CONTACT Initiative. [Subtitle D—COVID-19 National Testing and Contact Tracing (CONTACT) Initiative].”

That’s just $25 billion less than what the TRACE Act proposed.

From “trace” to “contact,” the Democrats have nailed the PR value of  a catchy acronym to get legislation they want.

As for Bill Gates not being involved in crafting the TRACE Act, that too is disingenuous. While Gates may not have sat down and dictated the terms (and that isn’t how it usually works, is it?), there is ample evidence of his signature all over contact tracing legislation in the US and elsewhere.

Corey’s Digs has demonstrated that Gates subsidizes major players involved in contact tracing legislation everywhere.

As usual, USA Today, Politifact, Poynter’s, and the rest of the major media are engaging in misleading journalism in decrying criticism of Bill Gates’ domination of global health policy as conspiratorial:

“Bobby Rush has a long history of pay to play and disregarding paying taxes of any kind. Just last August, he traveled to Africa for an Aspen Institute congressional conference of approximately 45 individuals and spent time with Obama and Clinton award winners, Dr. Paul Farmer from Partners in Health who is currently running the contact tracing program in Massachusetts while his partner Jim Yong Kim is rounding up other states, Dr. Jonathan Epstein from EcoHealth Alliance who just had their NIH funding cut due to connections with the Wuhan Institute of Virology, and two representatives from the Gates Foundation, while the Gates, Rockefellers, Democracy Fund, and others paid toward the $19,000 dollar expense Rush incurred for this sponsored event. Nine months later, he introduced a bill to dispense $100 billion dollars to NGOs and other organizations to carry out home-to-home contact tracing throughout the country.”

 

Bitcoins – Coins For the Cryptocracy

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People all over the political spectrum are pushing bitcoins again.

I explained earlier why I felt you should avoid them. When I did, I withheld any reasoning except the most logical and self-evident.

Short version:

You can accomplish everything that bitcoins can achieve with good old cash. And you don’t need electricity, internet, computers, devices, and security software when you use cash.

Second, if governments hate cash for its secrecy, why are they ignoring or pushing cryptocurrencies, which are supposedly even more secretive?

Makes no sense, does it?

The problem with bitcoins is they provide a solution for what isn’t a problem.

Secrecy isn’t a problem.

Secrecy can be achieved as is, if you set your mind on it.

The real problem is that every increase in secrecy augments the power of the cryptocracy – the unholy alliance of the spy agencies, criminals, and criminal financial cartels.

These are the forces that actually control our lives.

The criminal ruling class loves bitcoin because they know they have the power to exploit it fully. The ordinary chump just thinks he does.

As for Satoshi Nakamto, there’s no such person. It’s a made-up name, even though it has a meaning. A sinister one that gives the game away.

Don’t let clever people fool you into thinking it’s a real person.

They are probably being compensated for saying so.

Remember, practically every political site of any size on the web is in bed with intelligence. When they are not, they get pruned regularly.

Just see what happened to me here.

Bitcoin comes out of Israeli cryptographic research. The details I don’t know, but that’s generally accurate.

It’s not about saving anyone. It’s about enacting the kabbalist’s vision on earth.

That vision demands that the Anglo-Judaic Western powers rule the world through decentralized systems.

Those who are pushing bitcoin are on board that agenda.

I am too busy recovering from the latest body-blow from the cryptocracy to spell it out better just now.

But I will get to it.

If you want to gamble, go ahead.

But if you adopt bitcoins because you think your life will become opaque to the powers-that-be, you might want to rethink that.

The only way to hide anything done on your computer is to turn it off, smash the hard drive into metal dust, and throw it into a nuclear waste site.

But even then, there are still the servers and the other fellows’ computers.

Not to mention advances in technology or mathematics that will turn bitcoins invulnerability into mush.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Libertarian Republic On Steve Bannon’s Art Of The “New Deal”

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Libertarian Republic gets it right:

Taking Bannon at his own word, and in the context of 1930s, it sounds a lot like the rhetoric coming from Germany pre-World War II. His rhetoric matches the anger, scapegoating, and emotional ploys spoken in the early days of Adolf Hitler‘s rise.

While this may seem pejorative, or hyperbolic, let us look at how the Mises Institute, an Austrian Economic think tank, explains 1930 Germany’s economic situation.

In the 1930s, Hitler was widely viewed as just another protectionist central planner who recognized the supposed failure of the free market and the need for nationally guided economic development. Proto-Keynesian socialist economist Joan Robinson wrote that “Hitler found a cure against unemployment before Keynes was finished explaining it.”

What were those economic policies? He suspended the gold standard, embarked on huge public-works programs like autobahns, protected industry from foreign competition, expanded credit, instituted jobs programs, bullied the private sector on prices and production decisions, vastly expanded the military, enforced capital controls, instituted family planning, penalized smoking, brought about national healthcare and unemployment insurance, imposed education standards, and eventually ran huge deficits. The Nazi interventionist program was essential to the regime’s rejection of the market economy and its embrace of socialism in one country.

Now compare that to how Bannon and Trump have described their plans and vision for having won the White House.

  1. 1 Trillion Dollar Infrastructure matches the huge public works programs
  2. “The globalists gutted the American working class and created a middle class in Asia,”  along with Trumps promises to coerce business back into the US, matches protection of industry from foreign competition,
  3. “With negative interest rates throughout the world, it’s the greatest opportunity to rebuild everything,” added to Trumps call to continue borrowing, matches expanding credit and the continuance of large deficits
  4. “Rebuild everything. Shipyards, iron works, get them all jacked up,” matches the instituted jobs programs
  5. Trumps possible control of capital through protectionist trade.
  6. The comment by Bannon about being in power for the next “50 years” sounds awfully similar to the how Nazi’s described the Third Reich. “It is our will that this state shall endure for a thousand years. We are happy to know that the future is ours entirely!” – Triumph of Will (1935)

This not to say that Bannon or Trump should be compared to Nazis or that they have come close to committing the acts against humanity that occurred in that period of history. Rather it is a simple question which compares the rhetoric being used by the two administrations in their rise to power. After all, this perspective is a simple look back at history, so as to learn from it and utilize it to spot potential issues in the future. If we willfully ignore details, even if just as a safety measure, then we leave ourselves at risk of missing what could’ve been right under our nose. Famed philosopher George Santayana once said, “Those that fail to learn from history, are doomed to repeat it.”

No Cash Transactions Above 3 Lakhs ($4447)

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Finance Minister Arun Jaitley’s 2017 budget proposes a ban on any cash transaction in a day over 3 lakhs rupees (about $4446.75).

This is far worse than any restriction in the US, where cash transactions above $10,000 are not banned, but simply reported by the bank to the IRS.

Like demonetization, the new ban is an unnecessarily coercive, intrusive, and punitive move, with entirely foreseeable and counterproductive results.

By completely banning cash transactions above 3 lakhs, the government is actually unraveling the last stitch of credibility holding its efforts together.

Large cash transactions are not going to disappear. All that will happen is that they will not pass through banks at all.

Instead, a new parallel economy will spring up.

Large purchases have hitherto involved a percentage of the price being reported and taxed (the white part) and the rest being paid under the table (the black part).

Now you can be assured that come April 1 there will be no “white” part at all.

It will be all black.

Just as the printing of new currency notes was the pretext whereby fake notes, excess currency, and chaos have been slyly injected into the system leaving no one sure of just how much cash is in circulation at all, so too the new tax will create a new layer of impenetrable fog under cover of which the enemies of India’s aam admi will operate with impunity.

Those enemies, let us be clear, operate not just from terrorist outposts in Bangladesh or Pakistan, but from the seat of the international cabal’s financial shock-and-awe machinery in India: that is, from the RBI, the finance ministry, and the Prime Minister’s Office.

US Now World’s Biggest Tax Haven

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Bloomberg:

“The U.S. failure to sign onto the OECD information-sharing standard is “proving to be a strong driver of growth for our business,” wrote Bolton’s chief executive officer, Ray Grenier, in a marketing e-mail to bankers. His firm is seeing a spike in accounts moved out of European banks—“Switzerland in particular”—and into the U.S. The new OECD standard “was the beginning of the exodus,” he said in an interview.

The U.S. Treasury is proposing standards similar to the OECD’s for foreign-held accounts in the U.S. But similar proposals in the past have stalled in the face of opposition from the Republican-controlled Congress and the banking industry.

At issue is not just non-U.S. citizens skirting their home countries’ taxes. Treasury also is concerned that massive inflows of capital into secret accounts could become a new channel for criminal money laundering. At least $1.6 trillion in illicit funds are laundered through the global financial system each year, according to a United Nations estimate.

Offering secrecy to clients is not against the law, but U.S. firms are not permitted to knowingly help overseas customers evade foreign taxes, said Scott Michel, a criminal tax defense attorney at Washington, D.C.-based Caplin & Drysdale who has represented Swiss banks and foreign account holders.

“To the extent non-U.S. persons are encouraged to come to the U.S. for what may be our own ‘tax haven’ characteristics, the U.S. government would likely take a dim view of any marketing suggesting that evading home country tax is a legal objective,” he said.

Rothschild says it takes “significant care” to ensure account holders’ assets are fully declared. The bank “adheres to the legal, regulatory, and tax rules wherever we operate,” said Rees, the Rothschild spokeswoman.

Penney, who oversees the Reno business, is a longtime Rothschild lawyer who worked his way up from the firm’s trust operations in the tiny British isle of Guernsey. Penney, 56, is now a managing director based in London for Rothschild Wealth Management & Trust, which handles about $23 billion for 7,000 clients from offices including Milan, Zurich, and Hong Kong. A few years ago he was voted “Trustee of the Year” by an elite group of U.K. wealth advisers.

In his September San Francisco talk, called “Using U.S. Trusts in International Planning: 10 Amazing Feats to Impress Clients and Colleagues,” Penney laid out legal ways to avoid both U.S. taxes and disclosures to clients’ home countries.

In a section originally titled “U.S. Trusts to Preserve Privacy,” he included the hypothetical example of an Internet investor named “Wang, a Hong Kong resident,” originally from the People’s Republic of China, concerned that information about his wealth could be shared with Chinese authorities.

Putting his assets into a Nevada LLC, in turn owned by a Nevada trust, would generate no U.S. tax returns, Penney wrote. Any forms the IRS would receive would result in “no meaningful information to exchange under” agreements between Hong Kong and the U.S., according to Penney’s PowerPoint presentation reviewed by Bloomberg.

Penney offered a disclaimer: At least one government, the U.K., intends to make it a criminal offense for any U.K. firm to facilitate tax evasion.

Rothschild said the PowerPoint was subsequently revised before Penney delivered his presentation. The firm provided what it said was the final version of the talk, which this time excluded several potentially controversial passages. Among them: the U.S. being the “biggest tax haven in the world,” the U.S.’s low appetite for enforcing other countries’ tax laws, and two references to “privacy” offered by the U.S.

“The presentation was drafted in response to a request by the organizers to be controversial and create a lively debate among the experienced, professional audience,” Rees said. “On reviewing the initial draft, these lines were not deemed to represent either Rothschild’s or Mr. Penney’s view. They were therefore removed.”