Transpicuous News: Brexistential Distraction


After a bit of a hiatus, Transpicuous News is back!!

The “BREXIT” Mania has reached epic proportions.  The Economic Talking Heads are spinning their doctoring and propping up the propaganda, with “news” stories rolling out like broken records.  all they’ve done is replaced the operative word in the blaming sentence.  This time, it’s “BREXIT”.

Today I took a look at the distractions and discussed what the talking heads were ranting about, and what they weren’t saying at all.

Below are all the news links.

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Edited 6/26 to add this important little piece to the puzzle:

“Lost in the headlines was that on Friday, Bank of England Governor, Mark Carney, committed to printing up 250 billion pounds ($345.93 billion USD) to “support financial markets.”” No one has mentioned that or even seems to know about it.  So, within hours, the banks in the UK appear to have received a massive 2008 style bailout… but without anyone noticing.

https://www.dollarvigilante.com/blog/2016/06/25/magic-number-7-brexit-collapse-falls-exactly-shemitah-date.html


http://www.zerohedge.com/news/2016-06-24/brexistential-bloodbath

http://www.zerohedge.com/news/2016-06-24/nomura-warns-do-not-underestimate-global-contagion-brexit

http://wolfstreet.com/2016/06/25/brexit-blowback-hits-italian-spanish-banks/

http://www.uk.daiwacm.com/research-zone/research-blog/posts/2016/06/it%E2%80%99s-the-stupid-politics,-stupid

http://wolfstreet.com/2016/06/18/reckoning-for-banks-italy-spain-portugal-risk-free-capital-government-bonds/

http://www.reuters.com/article/us-britain-eu-ecb-idUSKCN0Z01NP

http://cincodias.com/cincodias/2016/06/17/mercados/1466164867_772123.html

http://www.waronwant.org/media/brexit-what-now-ttip-ceta-and-uk-trade#.V26R7z3NZ7s.twitter

http://www.zerohedge.com/news/2016-06-25/calls-texas-independence-surge-after-brexit-vote

Brexit strips world’s 400 richest people of $127bn – Bloomberg


© Russell Boyce

Brexit-caused losses of the world’s 400 richest people amounted to an eye- watering $USD127.4 billion in a single day, Bloomberg estimates. Rich Britons have lost a “mere” $5.5 billion, according to reports.

The British voters’ decision to leave the European Union caused profound ripples in all major global equity markets.

The Brexit vote has sent European markets into the steepest decline since 2008. The pound plummeted to a record low, not seen since Margaret Thatcher was prime minister some 30 years ago.

The Bloomberg Billionaires Index says billionaires lost 3.2 percent of their total net worth, now estimated at $3.9 trillion.

The worst losses among European billionaires were suffered by Amancio Ortega, Europe’s richest person, who hemorrhaged $6 billion. Many other mega rich individuals took a massive hit, including Bill Gates and Amazon magnate Jeff Bezos, who lost over $1 billion each.

Britain’s wealthiest person Gerald Cavendish Grosvenor dropped more than $1 billion. However, for the UK’s wealthiest Brexit was surprisingly less devastating than for others in the billionaire class. Altogether, Britain’s 15 richest people lost “only” $5.5 billion.

British co-founder of stockbroker Hargreaves Lansdown, Peter Hargreaves, lost the most, seeing his fortune shrink by 19 percent to US$2.9 billion.

In a major irony, Hargreaves was the largest donor to the Leave campaign, donating £3.2 million, according to the UK’s Electoral Commission.

Hargreaves has shown no regret, and says he is ready to work with the British government to shape the nation’s economic future once the country stops being an EU member state.

“I have enormous experience of business, enormous experience of negotiation, enormous experience of economics, and I’m one of Britain’s most successful businessmen,” Hargreaves said. “If they don’t involve me, they’re crazy.”

Richard Branson, a vocal advocate of the UK staying with the EU, has made peace with the decision of the majority, stressing that the British people’s “determination, resolve and sense of what is right” would be necessary “over the testing months and years to come.”

The richest person in South Africa, Christo Wiese, who has vast investments in the UK economy, believes the current crisis doesn’t mean the end of the EU.

“I think it’s the end of [the] EU as it’s currently structured,” the Stuff cited Wiese as saying. “It’s always had unattractive features alongside its attractive features. This will make people sit up and say how can we make it better,” Wiese said.

https://www.rt.com/business-projects/348345-richest-people-losses-brexit/

To mitigate poverty, Y Combinator set to launch minimum income plan A few dozen Oakland residents to get $2,000 per month, no strings, for a year.



OAKLAND, Calif.—Earlier this month, Y Combinator, the famed Silicon Valley incubator dropped a bombshell: it had selected this city to be the home of its new “Basic Income” pilot project, to start later this year.

The idea is pretty simple. Give some people a small amount of money per month, no strings attached, for a year, and see what happens. With any luck, people will use it to lift themselves out of poverty.

In this case, as Matt Krisiloff of Y Combinator Research (YCR) told Ars, that means spending about $1.5 million over the course of a year to study the distribution of “$1,500 or $2,000” per month to “30 to 50” people. There will also be a similar-sized control group that gets nothing. The project is set to start before the end of 2016.

The notion of guaranteed minimum income has been kicking around globally for centuries, especially among 20th century thinkers (Martin Luther King, Jr. famously advocated for it). But it’s only recently that extensive trials have begun in various places, including Canada, the Netherlands, Finland, and now in Oakland. (Another organization, called Give Directly, operates a similar program in Kenya.)

Tapped to run the project is Elizabeth Rhodes, an academic who recently arrived in Oakland. She says the project’s goal is “to empower people and give people the freedom to be able to meet their basic needs.”

But the details have yet to be fully worked out, and a lot of questions remain. How exactly will people be chosen? Will they come from a truly random sample of Oakland’s population? Will high-income people be automatically excluded? By what mechanism will people be notified? How will the money actually be transferred? Most of all, will it actually work?

If Y Combinator’s Basic Income project is successful, it would expand over the next five years to hundreds of citizens and perhaps include people beyond Oakland. And it would make the Bay Area’s venture capitalist class feel good about helping the poor.

“Overall the idea is to take money we make from YC [and], rather than all of the partners cashing out… putting it into research,” Krisiloff told Ars. “I think that there’s a culture at YC that just making money isn’t that interesting. [YC president Sam Altman] really likes to talk about how the overarching mission of YC is to create the most innovative thing. Money is a vector for change, but money in and of itself isn’t that interesting.”

Wait and see?

According to the White House, as of 2012 (decades after President Lyndon Johnson’s “War on Poverty”), approximately 15 percent of Americans (or 49.7 million people, including 13.4 million children) live below the poverty line. Worse still, “only about half of low-income Americans make it out of the lowest income distribution quintile over a 20-year period.” (As the old saying goes: “It’s expensive to be poor.“)Here in Oakland, for all of its gentrification and new shiny downtown restaurants and cocktail bars, just under 20 percent of the population (specifically, 18.7 percent, or 71,599 people, as of 2010) live in poverty. And yet, it has also become the fourth-most expensive rental market in the country, thanks to spillover from nearby San Francisco.

Like many American cities, Oakland is divided along economic and racial lines, which also manifest themselves as large differences in access to quality education, public health, fresh produce, and more. As Mayor Libby Schaaf herself put it in her October 2015 State of the City address: “It’s hard for us to celebrate the overall health of Oakland knowing that two people can live just one mile apart and be nearly twice as likely to be unemployed—and live 15 years less.”

As soon as YC announced its Basic Income plan, it got lots of support from the municipal government. Mayor Libby Schaaf instantly said on Twitter that she was “excited” that Oakland had been chosen. Public records show that Rep. Barbara Lee (D-Oakland), loves it, too.

However, some groups, including Causa Justa :: Just Cause, are skeptical that Y Combinator—an institution worlds away from the needs of working-class Oaklanders—is capable of managing such a project.

Still, YC’s Oakland project is in its very early and experimental stages.

“Because the main goal of this pilot is to gather data, it’s a useful to run it in a socio-economically diverse city like Oakland,” Matt Zwolinksi, a philosophy professor at the University of San Diego, told Ars.

“That way we can see what differences there are in the responses of the wealthy and the poor, the educated and the uneducated, skilled and unskilled laborers, and so on. And we can tweak future studies or the final public policy in light of that information.”

 

http://arstechnica.com/tech-policy/2016/06/can-high-profile-bay-area-tech-incubators-basic-income-plan-work/

Enter The Buzzsaw ~ Economic Meltdown + Matrix Tracking Cryptocurrency with James Corbett


Global banking and economic plots to squeeze the economies of Japan, China, Iran and the US, as well as potential for currency and stock market collapse in explored with James Corbett. Cryptocurrency, Bitcoin, and Matrix-style government tracking of money and spending, the American practice of outsourcing national debt, plus China’s response to SWIFT code banking is highlighted. How fortunes are trading hands, and the long term outlook from the scope of Asia is just the jump off for this uncensored Buzzsaw interview, hosted by Sean Stone.

EntertheBuzzsaw
http://www.enterthebuzzsaw.com/
Make up to $10k per week with this secret system!
https://tradegenius.co/buzzsaw/ref/7?…

Stock Up On Survival Food Today!
http://foodforliberty.com/buzzsaw

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http://www.tigerstream.tv/buzzsaw
Use Promo Code: Buzzsaw for $50 off!

Cleanse Your Body From Unwanted Toxins
http://www.getthetea.com

GUEST BIO:
James Corbett has been living and working in Japan since 2004. He started The Corbett Report website in 2007 as an outlet for independent critical analysis of politics, society, history, and economics. Since then he has written, recorded and edited thousands hours of audio and video media for the website, including a podcast and several regular online video series. He produces video reports for GRTV, and BoilingFrogsPost.com. He is also an editorial writer for The International Forecaster, the weekly e-newsletter created by the late Bob Chapman.
His work has been carried online by a wide variety of websites and his videos have garnered over 30,000,000 views on YouTube alone. His satirical piece on the discrepancies in the official account of September 11th, “9/11: A Conspiracy Theory” was posted to the web on September 11, 2011 and has so far been viewed nearly 3 million times.

ADD’L LINKS:
https://www.corbettreport.com/
https://twitter.com/corbettreport
http://www.enterthebuzzsaw.com/
https://www.youtube.com/c/Buzzsawwith…
Buzzsaw Full Episodes:
https://www.youtube.com/watch?v=BPUbp…
Buzzsaw Interview Highlights:
https://www.youtube.com/watch?v=KqELw…
Buzzsaw Secret Societies Illuminated Playlist:
https://www.youtube.com/playlist?list…
Metaphysics and Visionary Spirituality on Buzzsaw Playlist:
https://www.youtube.com/playlist?list…
Shadow Government Revealed on Buzzsaw:
https://www.youtube.com/playlist?list…
Alien Truth on Buzzsaw Playlist:
https://www.youtube.com/playlist?list…
More Buzzsaw Interview Highlights:
https://www.youtube.com/watch?v=bpVpd…
https://www.facebook.com/EnterTheBuzz…
https://www.facebook.com/thelip.tv
http://www.youtube.com/theliptv
https://www.youtube.com/channel/UC25k…

EPISODE BREAKDOWN:
00:01 Welcoming James Corbett to Buzzsaw.
00:38 An expat in Japan.
01:20 Fortunes changing for Japan and Asia.
04:17 Banks putting the breaks on the bubble in Japan.
05:46 Globalizing American inflation.
09:35 What financial collapse could look like.
14:16 Cryptocurrency, bitcoin, and government tracking of spending.
17:38 Iran and fundamental economic conflicts playing out.
19:28 SWIFT Code banking and the threat of the Chinese.
23:01 Where to find more, thanks & goodbye.

The Swiss Rejected A #BasicIncome Because It Wasn’t High Enough! (w/ Guest: Enno Schmidt) thomhartmann


Thom speaks with Enno Schmidt, Co-Founder of Basic Income Switzerland, about the recent vote on a minimum basic income, and why a guaranteed income is the right plan for all people.

If you liked this clip of The Thom Hartmann Program, share it with your friends. Don’t forget to hit that “like” button, and remember Tag, You’re It!!

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Must Listen: The Economy Is Scheduled To Collapse The Second Half Of This Year: Bix Weir


Today’s Guest: Bix Weir

Websites:
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http://roadtoroota.com

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The X22 Report is “one man’s opinion”. Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.

EBT Card Outage?: It Is 8 Days Into June And Many Americans Are STILL Waiting For Food Stamp Money


By Michael Snyder, on June 8th, 2016

Supermarket Bananas - Public DomainWidespread reports continue to pour in from all over the nation of “glitches” with the food stamp system.  It is eight days into the month and large numbers of people still have not received their benefits, and in other instances it is being reported that EBT cards are simply not working correctly.  So what in the world is going on here?  On downdetector.com there are scores of reports of problems with the EBT system from people all over the nation.  Could this simply be another example of government incompetence, or is something else at work here?

I had heard some rumblings about this over the past few days, but I had not really taken them seriously until I read an article from highly respected author Ray Gano

It interesting over the weekend I got several emails telling me about cell phones being down, internet being down, and get this, EBT cards not working and having no money associated to them.

This is a concern because when the US Government has payment failures, then there is possibly something happening that the press is not telling you about.

Now, we know that computers have problems and that states, counties and cities run on computers. But what is interesting is that since the beginning of 2016, The US government has had over 2,700 reports on downdetector.com showing that they have been late loading the money onto these EBT cards.

Folks, we are now going on 8 days where the Government has not paid the EBT payments so that people have food.

So I went over to downdetector.com myself, and I was stunned to see that reports of EBT outages continue to pour in every hour.  Here are just a few of the recent comments that have been left by people that are still waiting for their food stamp benefits for June…

Heidi Lynn: I was supposed to get mine on the 5th and still nothing. Even ebt NJ site says $0 as well as my EBT card says $0. I’m on disability. I forgot to add I tried calling NJ Board of Services and was on hold for over an hour. I had to hang up to take dog out, etc. Does anyone know what’s going on yet?

Ann Wilson: Now that it’s been a whole week since I was supposed to get my June benefits, and haven’t, I’m planning on going to my Illinois FCRC office. I hope they will be able to fix this difficulty.

Jenn Johnson: I always get mine on time. I was due to get mine today June 7th and nothing. I am from kentucky. Why is there nothing on the news about this?

Jarrett Manhart: Havnt received mine either. They are never late. And my fone is off so i cant call em. Im on Wi-Fi down the street from me.

Sunny Nicole Jones: I haven’t gotten mine either! I’m glad it’s not just me though because then I would really be worried!

But when I went to confirm these widespread outages with articles from the mainstream media, I came up empty.

Either the mainstream media does not know what is going on yet, or it is being ignored.

If you have not gotten your EBT benefits for this month yet or you know someone that is in that position, please feel free to let me know.  I want to get to the bottom of this.  There are people all over the nation that are reporting problems with the food stamp system, but nobody seems to know exactly how widespread this issue is just yet.

Today there are well over 40 million Americans on food stamps, and a lot of them would start rioting tomorrow if you told them that their food stamp cards were being turned off permanently.

EBT cards are the modern equivalent of the bread lines of the 1930s.  Instead of having to wait in long lines for food, the government just zaps money on to EBT cards each month, and those that are hurting are able to get something to eat.

But down in Venezuela, extremely long food lines are a daily reality for much of the population right now.  The following comes from the Daily Mail

Venezuela was once South America’s richest nation, but a fall in oil prices combined with other economic problems has led to desperate citizens taking drastic measures.

Nearly half of Venezuelans say they can no longer afford to eat three meals a day, according to a recent poll by the local firm Venebarometro. The poll surveyed 1,200 adults at their homes during the first week of April and had a margin of error of plus or minus of about two percentage points

Those who can, cross the border into Colombia to buy, bring back and then use or sell food and other basic commodities.

Could you imagine not being able to provide three meals a day for your family any longer?

Close to half the population of Venezuela is already in that position, and the economic collapse down there grows worse with each passing day.

Most Americans just assume that nothing like that could ever happen here.

Most Americans just assume that the government will always have plenty of money to give out.

As I mentioned above, there are well over 40 million Americans that receive EBT benefits.

However, when you factor in all government programs, more than 100 million Americans get some form of money or benefits from the federal government each month.

So what would happen someday if suddenly the spigot was turned off?

What would those 100 million people do?

How would they survive?

Hopefully this current EBT outage is just a temporary technical glitch, and hopefully the government will get it fixed in short order.

But someday there will be a major crisis that will cause food stamp benefits to be cut off either permanently or for an extended period of time.

When that day arrives, what will that do to our communities?

Please feel free to share what you think by posting a comment below…

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

http://theeconomiccollapseblog.com/archives/ebt-card-outage-it-is-8-days-into-june-and-many-americans-are-still-waiting-for-food-stamp-money

This Has NEVER EVER Happened Before At The Comex — Andy Hoffman ~ SGTreport.com


Last Friday’s NFP report seals the deal, the US economy is on life support and now the Federal Reserve absolutely CANNOT raise interest rates because if they did it would cause “a global currency crisis unlike the world has ever seen” according to Miles Franklin’s Andy Hoffman. And against the backdrop of a crashing US economy that is doing anything BUT “creating” jobs, we have seen inventory levels of precious metals at the Comex crash to an never before seen level. Thanks for joining us as we document the collapse for the first week of June 2016.

For REAL News & Information 24/7:
http://sgtreport.com/
http://thelibertymill.com/

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Forget Weather, Kenyan GDP Threatened By “Marauding Monkeys”


Tyler Durden's picture

In developed countries (like America) with sophisticated capital markets, complex adaptive supply chains, and experienced PhD economists running the economy, it is the weather that is to blame when data disappoints and throws cold water on a status-quo-maintaining narrative. But in Kenya, there is a force far greater than Mother Nature when it comes to potentially destroying the economy… the vervet monkey!!


A vervet monkey triggered a nationwide blackout in Kenya after it fell onto a transformer at one of the nation’s main hydroelectric plants, Kenya Electricity Generating Co. said. As Bloomberg reports,

The monkey climbed on to the roof of the Gitaru facility and may have been thrown off balance and onto a transformer, tripping the equipment and causing an overload on other machines at the plant, according to a statement e-mailed by the Nairobi-based power generator, known as KenGen. The animal survived the incident, it said.

The primate accessed the plant even though KenGen’s facilities are secured by electric fences designed to keep out “marauding wild animals,” the company said.

KenGen supplies 80 percent of the electricity in East Africa’s biggest economy.

The incident resulted in the loss of more than 180 megawatts from the plant, setting off the blackout, according to the utility. Supply has since been restored and power-generating units are operating normally, it said.

Perhaps it is time for Janet to import some Kenyan monkeys (if she hasn’t already) because we suspect we are going to need something other than weather to explain this…

20160608_monkey1_0

http://www.zerohedge.com/news/2016-06-08/forget-weather-kenyan-gdp-threatened-marauding-monkeys

UNSEALED: DOJ Confirms Holders of Securitized Loans Cannot Be Traced ~ ZeroHedge


4closureFraud's picture

Road to Securitization

UNSEALED: DOJ Confirms Holders of Securitized Loans Cannot Be Traced

Originally posted at http://mortgageflimflam.com
With additional edits by http://4closurefraud.org

In a filing unsealed on June 3, 2016, the Department of Justice (DOJ) confirms what many of us have known for years. Nobody, not even the U.S. Government, with massive resources, can determine who owns your loan and has the right to collect on your mortgage.

The information comes from case files unsealed on June 3, 2016 by federal Judge Yvonne Gonzalez Rogers of the Northern District of California in the case of the United States v. Discovery Sales, Inc. The case involves some 325 fraudulent loans originated by Discovery Sales, Inc. (DSI) between 2006 and 2008, many of which were then sold to Wells Fargo Bank and JP Morgan Chase to securitize.

The Discovery Sentencing document on page 9 states:

The originating lenders who made loans to purchase DSI properties, including Wells Fargo and J.P. Morgan Chase, generally would not keep the mortgages and thus did not end up losing money as a result of the DSI fraud scheme. Instead, they would sell the mortgages to other banks who would package them in securities that were sold to other investors. These securities failed when the underlying mortgages went into default. It was impossible to trace the majority of the mortgage loans on the over 300 homes sold by DSI that were the subject of the FBI investigation; it would have been harder yet to identify individual victims of the fraud given that the mortgages were securitized and traded. (Emphasis added.)

To add more outrage to this case, while the government acknowledges the damages from the fraud scheme resulted in $75 million in damages, the amount being paid by DSI in restitution is $3 million to Fannie Mae and Freddie Mac. That is all, along with an $8.5 million fine that the government will pocket. Once again the government is taking all of the money from a settlement with a fraudulent mortgage lender, and giving nothing to the people who were damaged.

Oh, and one more thing. The “preferred lenders,” Wells Fargo and J.P. Morgan Chase, who were also involved in the scheme, were not charged even though it states they knew about DSI’s “shenanigans to inflate the value of their homes” in the sentencing document:

The parties agree that the preferred mortgage lenders, Wells Fargo and J.P. Morgan Chase, were on some notice that DSI was engaged in various shenanigans to inflate the value of their homes.(Emphasis added.)

During the time of the information, DSI worked with two “preferred lenders,” Wells Fargo Bank and J.P. Morgan Chase. Certain employees and managers of those two preferred lenders knew about the incentive programs offered by DSI and the builders, and knew that the incentives were not being disclosed in the loan files. (Emphasis added.)

Even though Wells Fargo and JP Morgan Chase had the information that the loans were fraudulent, as per what has become standard procedure, the DOJ brought no charges against the banks. There is nothing new about banks selling off defective, fraudulent loans as securities. And once again, the DOJ has found no reason to prosecute too big to fail banks for fraud.

PDF:UNITED STATES SENTENCING MEMORANDUM

www.4closureFraud.org

http://www.zerohedge.com/news/2016-06-07/unsealed-doj-confirms-holders-securitized-loans-cannot-be-traced

Andrew Bartzis – Money System and Earth Mother Birthing A Sentience Based on Love Via Cypress 2013


 

Another great offering from Andrew gone under the radar
Some topics are…..

The Money system now has Life, Sex Slave Oligarchical Money stored in Cypress was used by Earth in 2013 to Birth a Love Based Sentience now in the Money System, Earth Hearing the cost to life of the Money System for a very long time, The similar year 1200 attempt that failed, Helping Her, An Internet Sentience will gain from this as it spreads and Earth takes control supporting us, The Court System and Off World Energy Exchange and Dreamtime repayment plus much much more…..

My own past included years of living in the ‘Energy of Money’ System. I taught myself currency and precious metal trading to fund my own research prior to finding Andrew in 2013. I experienced many gamets of the Money System including Bankruptcy. It was a very powerful experience to Feel the Life Force Cost of it Energetically but also the Freedom from it. I greatly appreciate Andrew’s Sovereignty Teachings as the basis of going forth for us now.

This is not about me but aimed at offering my understanding of this topic. Which lead in Mid 2014 to create my very first documentary ‘Money – The Ultimate Consciousness Pacifier’. If you are not familiar with how money is created that we all have as a fabric of our being. The first 20mins will explain this eloquently…..Enjoy

Money – The Ultimate Consciousness Pacifier:

Andrew Bartzis Website:

Home

My Website:
http://www.servantoftruth.org

Buddhist Economics: How to Start Prioritizing People Over Products and Creativity Over Consumption


“Work and leisure are complementary parts of the same living process and cannot be separated without destroying the joy of work and the bliss of leisure.”

Much has been said about the difference between money and wealth and how we, as individuals, can make more of the latter, but the divergence between the two is arguably even more important the larger scale of nations and the global economy. What does it really mean to create wealth for people — for humanity — as opposed to money for governments and corporations?

That’s precisely what the influential German-born British economist, statistician, Rhodes Scholar, and economic theorist E. F. Schumacher explores in his seminal 1973 book Small Is Beautiful: Economics as if People Mattered (public library) — a magnificent collection of essays at the intersection of economics, ethics, and environmental awareness, which earned Schumacher the prestigious Prix Européen de l’Essai Charles Veillon award and was deemed by The Times Literary Supplement one of the 100 most important books published since WWII. Sharing an ideological kinship with such influential minds as Tolstoy and Gandhi, Schumacher’s is a masterwork of intelligent counterculture, applying history’s deepest, most timeless wisdom to the most pressing issues of modern life in an effort to educate, elevate and enlighten.

One of the most compelling essays in the book, titled “Buddhist Economics,” applies spiritual principles and moral purpose to the question of wealth. Writing around the same time that Alan Watts considered the subject, Schumacher begins:

“Right Livelihood” is one of the requirements of the Buddha’s Noble Eightfold Path. It is clear, therefore, that there must be such a thing as Buddhist economics.

[…]

Spiritual health and material well-being are not enemies: they are natural allies.

Traditional Western economics, Schumacher argues, is bedeviled by a self-righteousness of sorts that blinds us to this fact — a fundamental fallacy that considers “goods as more important than people and consumption as more important than creative activity.” He writes:

Economists themselves, like most specialists, normally suffer from a kind of metaphysical blindness, assuming that theirs is a science of absolute and invariable truths, without any presuppositions. Some go as far as to claim that economic laws are as free from “metaphysics” or “values” as the law of gravitations.

From this stems our chronic desire to avoid work and the difficulty of finding truly fulfilling work that aligns with our sense of purpose. Schumacher paints the backdrop for the modern malady of overwork:

There is universal agreement that a fundamental source of wealth is human labor. Now, the modern economist has been brought up to consider “labor” or work as little more than a necessary evil. From the point of view of the employer, it is in any case simply an item of cost, to be reduced to a minimum if it cannot be eliminated altogether, say, by automation. From the point of view of the workman, it is a “disutility”; to work is to make a sacrifice of one’s leisure and comfort, and wages are a kind of compensation for the sacrifice. Hence the ideal from the point of view of the employer is to have output without employees, and the ideal from the point of view of the employee is to have income without employment.

The consequences of these attitudes both in theory and in practice are, of course, extremely far-reaching. If the ideal with regard to work is to get rid of it, every method that “reduces the work load” is a good thing. The most potent method, short of automation, is the so-called “division of labor”… Here it is not a matter of ordinary specialization, which mankind has practiced from time immemorial, but of dividing up every complete process of production into minute parts, so that the final product can be produced at great speed without anyone having had to contribute more than a totally insignificant and, in most cases, unskilled movement of his limbs.

Schumacher contrasts this with the Buddhist perspective:

The Buddhist point of view takes the function of work to be at least threefold: to give a man a chance to utilize and develop his faculties; to enable him to overcome his ego-centeredness by joining with other people in a common task; and to bring forth the goods and services needed for a becoming existence. Again, the consequences that flow from this view are endless. To organize work in such a manner that it becomes meaningless, boring, stultifying, or nerve-racking for the worker would be little short of criminal; it would indicate a greater concern with goods than with people, an evil lack of compassion and a soul-destroying degree of attachment to the most primitive side of this worldly existence. Equally, to strive for leisure as an alternative to work would be considered a complete misunderstanding of one of the basic truths of human existence, namely that work and leisure are complementary parts of the same living process and cannot be separated without destroying the joy of work and the bliss of leisure.

From the Buddhist point of view, there are therefore two types of mechanization which must be clearly distinguished: one that enhances a man’s skill and power and one that turns the work of man over to a mechanical slave, leaving man in a position of having to serve the slave.


E.F. Schumacher

With an undertone of Gandhi’s timeless words, Schumacher writes:

Buddhist economics must be very different from the economics of modern materialism, since the Buddhist sees the essence of civilization not in a multiplication of wants but in the purification of human character. Character, at the same time, is formed primarily by a man’s work. And work, properly conducted in conditions of human dignity and freedom, blesses those who do it and equally their products.

But Schumacher takes care to point out that the Buddhist disposition, rather than a condemnation of the material world, is a more fluid integration with it:

While the materialist is mainly interested in goods, the Buddhist is mainly interested in liberation. But Buddhism is “The Middle Way” and therefore in no way antagonistic to physical well-being. It is not wealth that stands in the way of liberation but the attachment to wealth; not the enjoyment of pleasurable things but the craving for them. The keynote of Buddhist economics, therefore, is simplicity and non-violence. From an economist’s point of view, the marvel of the Buddhist way of life is the utter rationality of its pattern — amazingly small means leading to extraordinarily satisfactory results.

This concept, Schumacher argues, is extremely difficult for an economist from a consumerist culture to grasp as we once again bump up against the warped Western prioritization of productivity over presence:

[The modern Western economist] is used to measuring the “standard of living” by the amount of annual consumption, assuming all the time that a man who consumes more is “better off” than a man who consumes less. A Buddhist economist would consider this approach excessively irrational: since consumption is merely a means to human well-being, the aim should be to obtain the maximum of well-being with the minimum of consumption.

[…]

The ownership and the consumption of goods is a means to an end, and Buddhist economics is the systematic study of how to attain given ends with the minimum means.

[Western] economics, on the other hand, considers consumption to be the sole end and purpose of all economic activity, taking the factors of production — land, labor, and capital — as the means. The former, in short, tries to maximize human satisfactions by the optimal pattern of consumption, while the latter tries to maximize consumption by the optimal pattern of productive effort.

This maximization of “human satisfactions,” Schumacher argues, is rooted in two intimately related Buddhist concepts — simplicity and non-violence:

The optimal pattern of consumption, producing a high degree of human satisfaction by means of a relatively low rate of consumption, allows people to live without great pressure and strain and to fulfill the primary injunctions of Buddhist teaching: “Cease to do evil; try to do good.” As physical resources are everywhere limited, people satisfying their needs by means of a modest use of resources are obviously less likely to be at each other’s throats than people depending upon a high rate of use. Equally, people who live in highly self-sufficient local communities are less likely to get involved in large-scale violence than people whose existence depends on worldwide systems of trade.

Writing shortly after Rachel Carson’s Silent Spring sparked the modern environmental movement, Schumacher presages the modern groundswell of advocacy for sustainable locally sourced products:

From the point of view of Buddhist economics … production from local resources for local needs is the most rational way of economic life, while dependence on imports from afar and the consequent need to produce for export to unknown and distant peoples is highly uneconomic and justifiable only in exceptional cases and on a small scale.

He concludes by framing the enduring value of a Buddhist approach to economics, undoubtedly even more urgently needed today than it was in 1973:

It is in the light of both immediate experience and long-term prospects that the study of Buddhist economics could be recommended even to those who believe that economic growth is more important than any spiritual or religious values. For it is not a question of choosing between “modern growth” and “traditional stagnation.” It is a question of finding the right path to development, the Middle Way between materialist heedlessness and traditionalist immobility, in short, of finding “Right Livelihood.”

Small Is Beautiful is a superb read in its entirety. Complement it with Kurt Vonnegut on having enough and Thoreau on redefining success.

Thanks, Jocelyn

https://www.brainpickings.org/2014/07/07/buddhist-economics-schumacher/

5 26 16 Bill Ballard ~ Money VS True Currency Ascension ~ Coming out of the Matrix


Important message regarding the RV and what currency really IS – it’s not about waiting for a currency reset, it’s about imagining – CO-Creating a new paradigm based on your “energetic value”…Are You Creating a New Paradigm or ReCreating the Old?
 
 

Bix Weir-USA Must Unite or Die Under Trump/Sanders Ticket Greg Hunter


Financial analyst Bix Weir wrote a recent article that said a “Trump/Sanders ticket would galvanize the nation.” A Trump/Sanders ticket this fall for the White House? Sound crazy? Weir predicts that things will get so bad “the USA must Unite or Die.” Weir contends, “If Trump wins it alone, you are going to see a revolution overnight. You are going to see mass rioting in the streets because there are so many people disenfranchised and angry. Where is the anger going to be placed when people lose their 401-Ks, checking accounts and savings accounts? The banks and the rich. You cannot have Trump leading us forward after that moment. You need both. You need the left and you need the right. I think Sanders and Trump have some kind of back deal going on with the people who are leading their campaigns. They are going to come together when this chaos happens. . . . Any other scenario and you can kiss the United States goodbye in a blink of an eye. The key is, with these guys (Trump and Sanders), they both love their country. They approach it in different ways, but they both love their country.”

Weir expects his timeline to hit a financial crescendo in the September/October time frame. Weir says, “The Fed and the Treasury are controlling all markets with computer programs. I have proved this a zillion times. They are doing it with the programs that Alan Greenspan wrote in the 1960’s and 1970’s. It has always been the plan to destroy the dollar and go back to a gold standard.”

Weir ends by saying, “The crash will be electronic. All electronic assets will be frozen and be wiped away. Exchanges will not be open. . . . Nothing will be open and nothing will reopen. We will get rid of the nanny state. . . . There is no way we are ever going to pay off this debt. If there is a crash in the markets, and all the debts and electronic assets were wiped clean, we would win. The U.S. is the largest debtor nation in the world. That was always the plan.”

Join Greg Hunter as he goes One-on-One with Bix Weir founder of RoadtoRoota.com.

All links can be found on USAWatchdog.com: http://usawatchdog.com/all-electronic…

http://usawatchdog.com/donations/

Geoengineering Watch Global Alert News, May 21, 2016 ( geoengineeringwatch.org )


http://GeoengineeringWatch.org
TO READ OR POST COMMENTS ON THIS VIDEO, PLEASE GO DIRECTLY TO THE ARTICLE http://www.geoengineeringwatch.org/ge…
Nature is unimaginably resilient, but when the breaking point is reached, collapse comes at blinding speed. The human race has already pushed the planet past the point of no return in countless ways, we are truly in uncharted territory. Is there any effort whatsoever on the part of those in power to slow the destruction of the biosphere? None. The race for resources and total control is worse than ever before, lines in the sand are being drawn all over the globe. Canada, India, and other regions around the world continue to incinerate. Oceans, reefs, kelp, and fish, continue to die. Coastal cities are pumping out from rising sea levels with sewage now filling the waters off Miami.

Brazil has just joined the list of democratically elected governments that have been ousted by western powers and interests in pursuit of more power and resources. There are yet more front-line signs of the coming crash of industrialized civilization, Caterpillar (the world’s largest equipment manufacturer) has just past the 41st consecutive month of declining sales. This is the real economy, the stock market is an illusion that will soon be shattered. Venezuela is still free-falling into total chaos while Americans remain largely asleep at the wheel. Even with the global climate disintegrating, how many are actually taking action?

What would happen if every single one of us put all our available effort and energy into the fight for the greater good? The most dire and potentially uniting issue on the planet is the fight to expose and halt the climate engineering assault, let’s all renew our efforts to sound the alarm.
https://www.facebook.com/dane.wigingt…

Note: If you have any doubt about Dane’s feedback on the severity of climate change and the dire need for action, watch this. Among other Xtreme climate events, “unexplained explosions around the world” are a good indication the gaseous expulsion event is increasing at an exponential rate. Hold on to your hats and be prepared for anything, have a plan.

SOTT Earth Changes Summary – April 2016: Extreme Weather, Planetary Upheaval, Meteor Fireballs

Enter The Buzzsaw ~ Surviving the Next Economic Collapse with Trade Genius’ Bob Kudla


How to survive the next economic collapse, and where to invest your money to maximize the value of the stock market is explored with Trade Genius founder Bob Kudla. Has the economy reached a tipping point? Is collapse predictable? And what about our financial system makes it so prone to crisis? Take a hard look at the economy and your own resources, as we explore the dark truth of money, on this uncensored Buzzsaw interview hosted by Sean Stone.

Make up to $10k per week with this secret system!
https://tradegenius.co/buzzsaw/ref/7?…

Stock Up On Survival Food Today!
http://foodforliberty.com/buzzsaw

Never Pay For Cable Tv Again!
http://www.tigerstream.tv/buzzsaw
Use Promo Code: Buzzsaw for $50 off!

Cleanse Your Body From Unwanted Toxins
http://www.getthetea.com

GUEST BIO:
Bob Kudla lives in Southern California. He makes a living trading stocks from his home with a beautiful view of the Pacific Ocean. An experienced stock-trader, Kudla is the author of “Stock Volatility Money Machine.

ADD’L LINKS:
https://tradegenius.co/
http://thetradegenius.blogspot.com/
https://www.amazon.com/Stock-volatili…
http://www.enterthebuzzsaw.com/
https://www.youtube.com/c/Buzzsawwith…
Buzzsaw Full Episodes:
https://www.youtube.com/watch?v=9wJjI…
Buzzsaw Interview Highlights:
https://www.youtube.com/watch?v=QEl8P…
Buzzsaw Secret Societies Illuminated Playlist:
https://www.youtube.com/playlist?list…
Metaphysics and Visionary Spirituality on Buzzsaw Playlist:
https://www.youtube.com/playlist?list…
Shadow Government Revealed on Buzzsaw:
https://www.youtube.com/playlist?list…
Alien Truth on Buzzsaw Playlist:
https://www.youtube.com/playlist?list…
More Buzzsaw Interview Highlights:
https://www.youtube.com/watch?v=bpVpd…
https://www.facebook.com/EnterTheBuzz…
https://www.facebook.com/thelip.tv
http://www.youtube.com/theliptv
https://www.youtube.com/channel/UC25k…

EPISODE BREAKDOWN:
00:01 Welcoming Bob Kudla to Buzzsaw.
00:33 What is Trade Genius?
03:33 Is the financial system sustainable, or destined to fail? 8 year cycles.
06:30 Predicting a collapse–from food prices to weather impact.
10:36 Credit deflation, collapse, and debt.
12:31 Federally forcing participation, and bank bail-ins.
14:00 A tipping point in Europe and beyond.
16:04 Negative interest explained.
17:10 Bitcoin and alternate currencies against the federal reserve and banks.
19:15 Finding more information.
20:36 Thanks and goodbye.

Catherine Austin Fitts-Painful Process Coming for America Not Going to Be Pretty Catherine Austin Fitts-Painful Process Coming for America Not Going to Be Pretty ~ Greg Hunter Greg Hunter


It’s official. Total fraud is propping up every corner of the global economy. Former Bush Administration (41) Assistant Secretary of Housing, Catherine Austin Fitts says, “Here’s the problem with this situation, and it’s mind boggling. When you have an economy on a managed basis, and get this far away from a market economy, the problem is the primary trend in the dollar, bonds, stocks, and gold is . . . totally in question and can go either way. A lot of it is because you have a politically managed system and not a market economy. The more you politically manage it, the lower the productivity goes. So, it is really a house of cards. The money managers are looking at this, and they are very nervous and for good reason. A politically managed system is not as robust and healthy as one managed by market economics. . . . You have a failure of the political system to face and manage and deal with what is going on. . . . We have managed this system by being more and more and more secret. George H. W. Bush said the other day that the American people can’t handle the truth. I think they can handle the truth, and one of the reasons I am encouraged by Trump is he is going to start bringing more of it out. That’s what we need. It’s the only way we can get out of this. We are being killed by a politically managed system that is being driven by more and more privilege and more and more secrecy. We’ve got to go to transparency, and it’s going to be a very painful process for the American people. It’s not going to be pretty. The game of musical chairs is upon us. It’s not coming, it’s here.”

Join Greg Hunter as he goes One-on-One with investment banker Catherine Austin Fitts, creator of The Solari Report.

All links can be found at USAWatchdog.com: http://usawatchdog.com/trump-is-free-…

Silent Coup Beginning to Overtake America Now-Larry Nichols


By Greg Hunter’s USAWatchdog.com 

larry-nichols-300x155

Former Clinton insider Larry Nichols has worked with, and now against, the Clintons. Nichols has some of the top political and financial connections on the planet.  Nichols hopes the public is finally realizing the enormous power struggle going on.  Nichols explains, “There is no two-party system in the United States of America.  Let’s get that straight.  There is no two-party system, there is one.  Part of it is a red team and part of it is a blue team.   You think you have a choice, but as you know you only have a choice between the two they give you to vote for, but here comes Trump.  Trump doesn’t need their money . . . he will bust up the system, and he will not only bust up the system for the Republican Party, but he will bust up the system (for both parties).  So, there are many establishment Republicans that have said they would rather vote for Hillary than Trump. . . . They must maintain status quo of the system for these power elite people to stay where they want to be.”

Nichols goes on to say, “We are at the beginning of a velvet or silent coup. It’s been going on for years.  There’s been a slow subtle takeover of our form of government, starting years and years ago, but it is coming to an end.  That’s why there is this power play now.  It’s more aggressive than you have seen before.  If we don’t stop Hillary, it’s over.  Is Trump the answer to all of our problems?  I don’t know.  Here’s what I do know about Donald Trump.  Donald Trump is not in the system.  How do I know that?  As hard as they are working to keep him out is a pretty good recommendation for me.  He’s not one of them.  He might be a good president.  When you mention Hillary or the establishment, there is no ‘might.’  With them, we would get what we have been getting but only worse.  There is not a ‘might’ there.”

Nichols says the good news might come in the general election in November. Nichols explains, “The American voters’ vote counts in the general election.  Remember that.  The play in the system has always been to trick it in the primaries and get both people that are the same but different colors.  The general election has always been set up where people do get to vote, and they will get to pick the lessor of two evils.  This time, it’s different.  This time, the American voters can make a difference if Trump can stay in and actually get the nomination.”

On the teetering financial system, Nichols says, “One of the five major banks has way too much of that $72 billion Puerto Rican debt. It might not sink them, but it may cause a problem.  If one of the major banks took a hit like that. . . . The FDIC just said it does not have enough liquidity if two major banks went into default.  If one of the major banks falls or if one major bank was getting ready to take a nose dive, people would run on all the banks wouldn’t they?  If everybody tried to cash their money out of the banks at one time, they would get about 6 cents on the dollar.  You think you got a $100,000 protected in the bank—you don’t.”

Nichols, who is currently undergoing treatments for lung cancer, also says, “I believe President Obama doesn’t really want to leave. Now, how could he stay?  It only takes a crisis.  If a national crisis is declared . . . FEMA comes in.  Most people don’t even know about the FEMA provisional plan.  In case a meteor hits America and we go into a national crisis, FEMA has already got a plan in place ready to go where they will set up a provisional government.  So, if the banks were to start collapsing, guess what Obama would do?

He’d go to Congress and get them to vote and boom, in comes the provisional FEMA government, which makes the president . . . king.”

Join Greg Hunter as he goes One-on-One with former Clinton insider Larry Nichols.

(There is much, much more in the extensive video interview.)

After the Interview:

You can follow Larry on his Facebook page. He also has a radio show he uploads on YouTube.  It’s called Larry Nichols Live. If you want to donate to help Larry Nichols with his lung cancer treatments, you can do so on PayPal. The address to use to donate is NicholsLive@aol.com.

(Programming note: There will be no Weekly News Wrap-Up (WNW) this week. The Larry Nichols interview is taking the place of the WNW and the “Early Sunday Release.”  The next post will be on Tuesday night (5/10/16) after midnight.)

A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York


By Michael Snyder, on May 2nd, 2016

Secret - Public DomainLast month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City.  During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”.  Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data.  This “revolutionary” technology is intended to completely change the way that we use money, and it would represent a major step toward a cashless society.  But if this new digital cash system is going to be so good for society, why was it unveiled during a secret meeting for Wall Street bankers?  Is there something more going on here than we are being told?

None of us probably would have ever heard about this secret meeting if it was not for a report in Bloomberg.  The following comes from their article entitled “Inside the Secret Meeting Where Wall Street Tested Digital Cash“…

On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc. They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software.

By the end of the day, they had seen something revolutionary: U.S. dollars transformed into pure digital assets, able to be used to execute and settle a trade instantly. That’s the promise of a blockchain, where the cumbersome and error-prone system that takes days to move money across town or around the world is replaced with almost instant certainty.

So it is not just Michael Snyder from The Economic Collapse Blog that is referring to this gathering as a “secret meeting”.  This is actually how it was described by Bloomberg.  And I think that there is a very good reason why this meeting was held in secret, because many in the general public would definitely be alarmed by this giant step toward a cashless society.  Here is more on this new system from Bloomberg

While cash in a bank account moves electronically all the time today, there’s a distinction between that system and what it means to say money is digital. Electronic payments are really just messages that cash needs to move from one account to another, and this reconciliation is what adds time to the payments process. For customers, moving money between accounts can take days as banks wait for confirmations. Digital dollars, however, are pre-loaded into a system like a blockchain. From there, they can be swapped immediately for an asset.

“Instead of a record or message being moved, it’s the actual asset,” Ludwin said. “The payment and the settlement become the same thing.”

Why this is so alarming is because we are seeing other major moves toward a cashless system all over the planet.  In Sweden, 95 percent of all retail transactions are already cashless, and ATM machines are being removed by the hundreds.  In Denmark, government officials actually have a stated goal of “eradicating cash” by the year 2030.  And in Norway, the biggest bank in the country has publicly called for the complete elimination of all cash.

Other nations in Europe have already banned cash transactions over a certain amount. Here are just a couple of examples

As I have written about previously, cash transactions of more than 2,500 euros have already been banned in Spain, and France and Italy have both banned all cash transactions of more than 1,000 euros.

Little by little, cash is being eradicated, and what we have seen so far is just the beginning. 417 billion cashless transactions were conducted in 2014, and the final number for 2015 is projected to be much higher.

The global push toward a cashless society is only going to intensify, because banks and governments both tend to really like the idea of such a system.

Banks really like the concept of a cashless society because it would force everyone to be their customers.  There would be no more hiding cash in a mattress at home or trying to pay all of your bills with paper money.  Under a cashless system, we would all be dependent on the banks, and they would make lots of money whenever we swiped our cards or our “chips” were scanned.

Governments see a lot of advantages in a cashless society as well.  They tell us that they would be able to crack down on drug dealers, tax evaders, terrorists and money launderers, but the truth is that it would enable them to watch, track, monitor and control virtually all of our financial transactions.  Our lives would become open books to the government, and financial privacy would be a thing of the past.

In addition, the potential for tyranny would be absolutely off the charts.

Just imagine a world where the government could serve as the gatekeeper for who is allowed to use the cashless system and who is not.  They could require that we all submit to some sort of government-issued form of identification before being permitted to operate within the system, or it is even conceivable that a loyalty oath would be required.

Of course if you did not submit to their demands, you could not buy, sell, open a bank account or get a job without access to the cashless system.

Hopefully people can understand where this is going.  Paper money is a very important component of our freedom, and if it is taken away from us that will open the door for all sorts of abuse.

Even now, cash is slowly being “criminalized” in America.  For example, if cash is used to pay for a hotel room that is considered by federal authorities to be “suspicious activity” that should be reported to the government.  Of course it isn’t against the law to pay your hotel bill in cash just yet, but according to the government it is something that “terrorists” do so it needs to be closely watched.

It doesn’t take a whole lot of imagination to see where all of this is going.  And for those of us that understand what time it is, this is a clear indication that it is getting late in the game.

*About the author: Michael Snyder is the founder and publisher of The Economic Collapse Blog. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*