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"BlackRock May Control the World’s Economic Future"
"To put this into perspective, BlackRock, an investment firm, has more power than most governments on Earth, and it also controls the Federal Reserve, Wall Street mega-banks like Goldman Sachs and the WEF’s Great Reset, according to F. William Engdahl, a strategic risk consultant and lecturer who holds a degree in politics from Princeton University.13
Engdahl believes that, left unchecked, BlackRock will soon control the economic future of the world, and states, “BlackRock is the epitome of what Mussolini called Corporatism, where an unelected corporate elite dictates top down to the population.”14 For instance, three influential economic appointees of the current administration come from BlackRock."
Home About Contact BlackRock: Same Shady People Who Own Pharma and Media Want Your House
by Dr. Joseph Mercola July 14, 2021 Editor’s Commentary: The last time we covered BlackRock, it was the first time I had to deal with non-CCP bots and shills. The comments, hundreds of them, were filled with various defenses of the company. While I won’t accuse them directly of participating in the attempt to redirect or mislead, it’s conspicuous that of all the companies to have such an allegedly strong fanbase, it’s one of the most shrouded giant corporations in the land.
This article by Dr. Joseph Mercola is both eye-opening and concerning. We often discuss globalist corporate agendas and how they both drive and are driven by an evil that is far more dangerous than greed alone. This deep dive into one of the many facets of the company should be spread far and wide. But first, here’s a video to set the stage…
STORY AT-A-GLANCE In the first quarter of 2021, 15% of U.S. homes sold were purchased by corporate investors — not families looking to achieve their American dream The average American has virtually no chance of winning a home over an investment firm, which may pay 20% to 50% over asking price, in cash, sometimes scooping up entire neighborhoods at once BlackRock, one of the largest asset management firms, is among the firms buying up U.S. houses; they also control the media and Big Pharma
If the average American is pushed out of the housing market, and most of the available housing is owned by investment groups and corporations, you become beholden to them as your landlord This fulfills part of the Great Reset’s “new normal” dictum — the part where you will own nothing and be happy; this isn’t a conspiracy theory — it’s part of WEF’s 2030 agenda Homeownership has long been considered an important tool for building financial security and wealth, but it’s becoming more difficult for Americans to achieve. Younger generations are less likely to own a home than those from older generations, with millennials’ homeownership rate 8% lower than that of generation X and baby boomers at the same age.1
If the rate had remained steady, about 3.4 million more people would own homes in the U.S. today but, instead, younger adults are increasingly choosing to either rent or live with their parents. There are a number of reasons why homeownership has become less attainable than it was decades ago, from rising debt in younger generations to increased cost of living.
A report by the Urban Institute found half those aged 18 to 34 were spending upward of 30% of their income on rent, making them “rent-burdened.”2 Meanwhile, median housing prices increased 28% in the last two years,3 pricing some out of the market. However, the shift is not all happenstance.
In the first quarter of 2021, 15% of U.S. homes sold were purchased by corporate investors4 — not families looking to achieve their American dream. While they’re competing with middle-class Americans for the homes, the average American has virtually no chance of winning a home over an investment firm, which may pay 20% to 50% over asking price,5 in cash, sometimes scooping up entire neighborhoods at once so they can turn them into rentals.6
BlackRock Is Buying Up US Houses
BlackRock is one of a number of companies mentioned by The Wall Street Journal in a recent exposé. “Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices,” they warned.7 The question is, why would institutional investors and BlackRock, which manages assets worth $5.7 trillion,8 be interested in overpaying for modest, single family homes?
To understand the answer, you must look at BlackRock’s partners, which include the World Economic Forum (WEF),9 and their extreme political and financial clout. In a Twitter thread posted by user Culturalhusbandry, it’s noted:10
“Black Rock, Vanguard, and State Street control 20 trillion dollars worth of assets. Blackrock alone has a 10 billion a year surplus. That means with 5-20% down they can get mortgages on 130-170k homes every year. Or they can outright buy 30k homes per year. Just Blackrock.
… Now imagine every major institute doing this, because they are. It can be such a fast sweeping action that 30yrs may be overshooting it. They may accomplish feudalism in 15 years.”
If the average American is pushed out of the housing market, and most of the available housing is owned by investment groups and corporations, you become beholden to them as your landlord. This fulfills part of the Great Reset’s “new normal” dictum — the part where you will own nothing and be happy. This isn’t a conspiracy theory; it’s part of WEF’s 2030 agenda.11
The unstated implication is that the world’s resources will be owned and controlled by the technocratic elite, and you’ll have to pay for the temporary use of absolutely everything. Nothing will actually belong to you, including your home. All items and resources are to be used by the collective, while actual ownership is restricted to an upper stratum of social class. The wealth transfer has already begun.
BlackRock’s Unrivaled Control
The New York Times and a majority of other legacy media are largely owned by BlackRock and the Vanguard Group, the two largest asset management firms in the world, which also control Big Pharma. And it doesn’t end there.
BlackRock and Vanguard are at the top of a pyramid that controls basically everything, but you don’t hear about their terrifying monopoly because they also own the media. You can watch all the details about BlackRock’s monopoly in this video, but Humans Are Free summed it up this way:12
“The power of these two companies is beyond your imagination. Not only do they own a large part of the stocks of nearly all big companies but also the stocks of the investors in those companies. This gives them a complete monopoly. A Bloomberg report states that both these companies in the year 2028, together will have investments in the amount of 20 trillion dollars. That means that they will own almost everything.
Bloomberg calls BlackRock ‘The fourth branch of government,’ because it’s the only private agency that closely works with the central banks. BlackRock lends money to the central bank but it’s also the advisor. It also develops the software the central bank uses.
… BlackRock, itself is also owned by shareholders … The biggest shareholder is Vanguard … The elite who own Vanguard apparently do not like being in the spotlight but of course they cannot hide from who is willing to dig. Reports from Oxfam and Bloomberg say that 1% of the world, together owns more money than the other 99%.
Even worse, Oxfam says that 82% of all earned money in 2017 went to this 1%. In other words, these two investment companies, Vanguard and BlackRock hold a monopoly in all industries in the world and they, in turn are owned by the richest families in the world, some of whom are royalty and who have been very rich since before the Industrial Revolution.”
BlackRock May Control the World’s Economic Future
To put this into perspective, BlackRock, an investment firm, has more power than most governments on Earth, and it also controls the Federal Reserve, Wall Street mega-banks like Goldman Sachs and the WEF’s Great Reset, according to F. William Engdahl, a strategic risk consultant and lecturer who holds a degree in politics from Princeton University.13
Engdahl believes that, left unchecked, BlackRock will soon control the economic future of the world, and states, “BlackRock is the epitome of what Mussolini called Corporatism, where an unelected corporate elite dictates top down to the population.”14 For instance, three influential economic appointees of the current administration come from BlackRock.
“There is a definite pattern and suggests that the role of BlackRock in Washington is far larger than we are being told,” Engdahl says.15 The Campaign for Accountability also released a report in 2019 detailing how BlackRock “implemented a strategy of lobbying, campaign contributions, and revolving door hires to fight off government regulation and establish itself as one of the most powerful financial companies in the world.”16,17
BlackRock founder and CEO Larry Fink also has close ties to WEF’s head Klaus Schwab, and joined WEF’s board in 2019. According to Engdahl:
“Fink … now stands positioned to use the huge weight of BlackRock to create what is potentially, if it doesn’t collapse before, the world’s largest Ponzi scam, ESG [Environment, Social values and Governance] corporate investing. Fink with $9 trillion to leverage is pushing the greatest shift of capital in history into a scam known as ESG Investing.
The UN ‘sustainable economy’ agenda is being realized quietly by the very same global banks which have created the financial crises in 2008. This time they are preparing the Klaus Schwab WEF Great Reset by steering hundreds of billions and soon trillions in investment to their hand-picked ‘woke’ companies, and away from the ‘not woke’ such as oil and gas companies or coal.
… Oil companies like ExxonMobil or coal companies no matter how clear are doomed as Fink and friends now promote their financial Great Reset or Green New Deal … And we can expect that the New York Times will cheer BlackRock on as it destroys the world financial structures.”
Blackstone Is the Largest Landlord in the US
Another giant private equity firm, Blackstone, is also deeply entrenched in U.S. real estate. Blackstone is the largest landlord in the U.S. as well as the largest real estate company worldwide, with a portfolio worth $325 billion.18 In June 2021, Blackstone agreed to buy Home Partners of America, a company that rents single-family houses, and its 17,000 houses, for $6 billion.
Blackstone and BlackRock sound alike for a reason. Blackstone’s co-founder, billionaire Steve Schwarzman, said during an interview on Squawk Box that he and Fink “started in business together. We put up the initial capital.” BlackRock used to be called Blackstone Financial, but Fink went off on his own. Schwarzman said, “Larry and I were sitting down and he said, ‘What do you think sort of about having a family name with ‘black’ in it,'”19 and BlackRock was born.
Blackstone became notorious for swooping in after the housing bubble burst and buying tens of thousands of homes at deeply discounted prices. They then turned them into single-family rentals, taking advantage of the recession. In 2017, Bloomberg reported:20
“Blackstone built its rental-home business with an advantage few if any other buyers could match: billions of dollars in credit from large banks. Its Invitation Homes subsidiary quickly became the largest single-family home landlord in the U.S., with 50,000 properties. Altogether, hedge funds, private-equity firms and real estate investment trusts have raised about $20 billion to purchase as many as 200,000 homes to rent.”
Now, with many struggling due to yearlong business shutdowns and lockdowns, and home prices rising, many Americans are having difficulty finding affordable single-family homes to buy.21
BlackRock Owns Your House, Gates Owns Your Farmland
Both BlackRock CEO Fink and Bill Gates are pushing for “net zero” carbon emissions.22 But as BlackRock is busy buying up houses, Gates is hard at work amassing farmland and is now the largest owner of farmland in the U.S.23
By 2030, Gates is pushing for drastic, fundamental changes, including widespread consumption of fake meat, adoption of next generation nuclear energy and growth of a fungus as a new type of nutritional protein.24 The deadline Gates has given to reach net zero emissions is 2050,25 likely because he wants to realize his global vision during his lifetime.
But according to Vandana Shiva, in order to force the world to accept this new food and agricultural system, new conditionalities are being created through net zero “nature-based” solutions. Navdanya’s report, “Earth Democracy: Connecting Rights of Mother Earth to Human Rights and Well-Being of All,” explains:26
“If ‘feeding the world’ through chemicals and dwarf varieties bred for chemicals was the false narrative created to impose the Green Revolution, the new false narrative is ‘sustainability’ and ‘saving the planet.’ In the new ‘net zero’ world, farmers will not be respected and rewarded as custodians of the land and caregivers, as Annadatas, the providers of our food and health.
… ‘Net Zero’ is a new strategy to get rid of small farmers in first through ‘digital farming’ and ‘farming without farmers’ and then through the burden of fake carbon accounting.
Carbon offsets and the new accounting trick of ‘net zero’ does not mean zero emissions. It means the rich polluters will continue to pollute and also grab the land and resources of those who have not polluted — indigenous people and small farmers — for carbon offsets.”
A New Wave of Colonization
Ultimately, we’re heading for a new wave of colonization in the name of sustainability and net zero carbon emissions. The solutions are complex. Some have suggested that one solution is to make building homes less expensive, so that new construction homes become less expensive. This, in turn, would drive down the cost of existing homes.27
The video at the top of this article goes into detail about another solution: ending the Federal Reserve to stop the central planning of our money supply and interest rates, which are artificially suppressed in a way that is most taken advantage of by the top 1%, contributing to growing wealth inequality.28
This engineered pandemic has catalyzed the transfer of wealth to the rich and, while the major players pushing for the Great Reset are still emerging, BlackRock and Blackstone are names to keep your eye on.
1, 2 CNBC November 25, 2020 3, 4 Slate June 19, 2021 5, 27, 28 YouTube June 10, 2021 6, 7 The Wall Street Journal April 4, 2021 8, 9 World Economic Forum, BlackRock 10, 21 Bitcoin.com, News June 11, 2021 11 Forbes November 10, 2016 12 Humans Are Free May 5, 2021 13, 14, 15, 17 WilliamEngdahl.com June 18, 2021 16 Campaign for Accountability September 5, 2019 18 ZeroHedge June 22, 2021 19 Yahoo Finance June 22, 2017 20 Bloomberg January 3, 2017 22 YouTube June 25, 2021 23 Fortune March 13, 2021 24 ZeroHedge February 16, 2021 25 Fox Business February 21, 2021 26 Navdanya, Earth Rights Are Human Rights. Page 14
(((WATCH))) SATANIC ILLUMINATI POPE FRANCIS VISITS USA to PUSH NWO (ANTICHRIST KINGDOM) Published on Sep 23, 2015 In this video I show how The Pope's visit to The USA is a part of influencing the country in the direction of the NWO aka The Antichrist Kingdom! Please share this video! God Bless,
STAY VIGILANT & FEAR NO EVIL !!!
If you are a Catholic or know anyone who is please take the time to try to understand what is being said here. Run time is 52:23. If you cannot watch now...copy the title in bold and the link to watch another time.
If you do not understand how this title could be true...consider this video Truth 101 for yourself. There is so much information you can find with your 10 fingers today on the internet to reveal this truth. As long as America is under the influence of the Pope and the Vatican the population of America will continue to be in grave danger.
Freedom And Central Planning Can Never Coexist 08/13/2015 22:30 -0400
Bond Corruption default ETC Obama Administration Obamacare
inShare2 Submitted by Brandon Smith via Alt-Market.com,
The average person is a statist, whether he realizes it or not. It is important that liberty activists recognize and accept this fact because the truth of our limitations as a movement determines the kinds of solutions into which we should ultimately put our time and energy. The fantasy of a final grand march of an awake and aware majority on the doorsteps of power is just that: a fantasy. Some people might argue that given more time, such an event could be organized or could happen spontaneously. But these people seem to forget that the immediacy of any crisis inspires awareness and cuts the bindings of complacency for only a certain percentage of any given population. With “more time” often comes more complacency, not less.
So, history becomes a kind of balancing act, with crisis generating the necessity of intelligent and moral action in some people but rarely, if ever, in most people (even during the American Revolution, in which patriots represented a stark minority). The reason that the culture of freedom consistently plateaus and remains stuck at underdog status is because human beings are, first, often acclimated to the idea that crises are things that only happen to other people, and, second, they are obsessed with the idea that governments should retain prohibitory and administrative power over the public as a means to "prevent" crisis from occurring (the sheepdog and sheep mentality).
Not all people necessarily “love” their current government, but many citizens tend to see the idea of government as an inevitability of a stable society. They assume pre-eminence of the state because they have never known anything else. Not only that, but as people separate into political and ideological factions, often based on false paradigms (such as the false left/right paradigm), they covet government as a kind of tool or weapon that can be used for “the greater good” if only their side had total control of it. Very few people in this world want to shrink government down to a manageable size comparable to that which existed just after the American Revolution, and even fewer would entertain the idea of erasing central governments entirely. The allure of the federalized state as a means to impose ideological control over others is intoxicating.
Central planning acolytes see society as a a single unit, or engine, in which all the people are parts rather than autonomous individuals. They believe that if any part acts outside of the bounds of the engine, the entire machine could break. According to their fuzzy logic, everything you do as an individual affects everyone else, therefore, the collective state must mold and control each individual's behavior in order to ensure that what you do as a singular person does no harm to the whole. This philosophy is the primary rationale for EVERY push for centralization, but it is based on a faulty premise.
Governments are run by people, people commonly more flawed and corrupt than the average citizen. Central planners adore the use of government as a means to reign in populations and to compel conformity and "oneness", but centrally planned systems always revert to a divided structure in which a criminal minority separates itself from the collective in order to rule over that collective. The elites actions violate the integrity of the engine as they attempt to drive the engine according to their own twisted ideals, leading to disaster and the end of the supposedly safe environment which the central planners had originally claimed was the benefit of central planning. Thus, the central planning model is an inherently self destructive and foolish one.
At bottom, the only viable purpose of any central government is to safeguard individual liberty. All other claims and supposed benefits are irrelevant. Infrastructure, food and water, health, education, public security, etc: All of these issues can be provided for voluntarily at a local level by common people without the aid of a central authority. The original intent of the U.S. Constitution and Bill of Rights was to LIMIT government to the job of ensuring the continuance of a free citizenry. One could certainly argue that that role has been lost; not because of the constitution itself, but because of the lack of vigilance needed to defend the integrity constitution. One could also argue that the very nature of a federal government is one of inevitable corruption; many of the founding fathers did as the document was drafted, after all.
I will say that the constitution and the Bill of Rights are representations of natural law and inherent conscience, and it has taken elitists over two centuries to mostly dismantle them. At this point, a complete end to any form of federalization may be called for, but the founders certainly tried their best to create a government system that could be controlled by the people.
It was war, of course, that was used to dismantle constitutional protections...
Most of the outside or foreign threats we face today as a nation (threats often used to rationalize centralized government and standing armies) or have faced in the past century were directly or indirectly CREATED by our own government apparatus and by the banking class through covert means. Funding and training of Americas future enemies has been a grand pastime for the power brokers and politicians that reside in this very country. Without such people and the structures they exploit, it is not outlandish to suggest that the past hundred years could have been a period of peace and prosperity rather than mass death through engineered war, state culling, and mass enslavement through artificial debt constructs.
In a culture where vigilance is encouraged rather than labeled paranoia, in a culture where productivity is enabled rather than obstructed, in a culture where free thought is treated with interest rather than disdain, government holds no value.
The only people who understand the true nature of government and still value the existence of an overreaching state are the people who would like to take advantage of the unchecked power such a state affords. We often call these people “elitists.” They often call themselves elitists. Big government serves only the interests of these elites. Everyone else is either a hapless victim of it, a useful idiot in service of it, or a revolutionary opposed to it.
When a government becomes a power mechanism for a select few, it has lost all relevance. When a government like ours here in America violates the tenets of individual liberty despite its constitutional mandate, in the name of “protecting” individual liberty, that government no longer serves any purpose. Even further, when a government’s policies are designed only to ensure its own continued dominance rather than the freedom and prosperity of the citizenry, that government becomes separate from the people and is, by extension, an enemy to the citizenry.
Governments and the elites behind them retain control over populations through the use of central planning. Central planning is essentially a bureaucratic structure that bottlenecks productivity, resources, academia and ideas until all progress and expression require approval. That is to say, central planning is a machine that turns rights into privileges. It also sets up bureaucracy as the final arbiter of who is considered an authority in any particular field and who is a “layman.” These designations are not based on individual ability, intelligence or accomplishment. Rather, they are based on subservience and the level of blind faith in the establishment each person is willing to display in order to attain professional status.
Some of the most ignorant people in any given field or profession are often those deemed “experts” by establishment institutions, from politics, to law, to medicine, to economics, to science, to history, etc. The sad fact is mainstream experts are rarely the most knowledgeable, but they are the most indoctrinated.
As central planning gains ground, it moves away from more subtle institutional dependencies into full-bore tyranny. The line between permission and despotism is razor-thin, and this is where we in the U.S. stand today. Most nations around the globe are socialized nations, with central planning as the very foundation on which their societies stand. For the most part, these cultures are disarmed and servile with a modicum of perceived freedom that is treated as a privilege granted by the state rather than an inborn right of natural law. Yes, many societies have “freedoms,” as America does; but the difference is that these societies can have their freedoms confiscated at any given moment on the whim of the political elite. They have no recourse to obstruct such an action and no power to remove the offending system that rules over them when they finally get fed up.
In the U.S., central planning is surely prevalent and socialization is on a fast track. But Americans, whether they know it or not, still retain the ability of independent response — as we saw at Bundy Ranch, for instance, or in the defense of shopkeepers in Ferguson, Missouri, despite threats from government. We will lose our advantage of independent action if we allow the following changes to occur within our culture without a fight.
A disarmed population is utterly useless, philosophically and organizationally impotent, and easily ruled. Take a look at simpering weakling societies like the U.K., which prohibits anyone under the age of 18 to purchase plastic knives and punishes victims of crime for physically defending themselves. Governments that seek to undermine personal liberty ALWAYS disarm their respective populations if they can get away with it. In America, the only reason we have not yet been disarmed is because the establishment understands that revolution would immediately follow any attempt and that revolution would be seen as justified. I believe ultimately that disarmament in the U.S. will not be fully attempted until after a national crisis has been triggered.
Centralized Health Standards
The real purpose of Obamacare was not to provide universal health insurance. Such a task is utterly impossible in an economic system that is in the midst of decline with an aging population and reduced profit opportunities for the young. Socialism works only as long as there is someone from whom to steal money and resources. No, the purpose of Obamacare was to bond the healthcare industry to government in such a way as to make it an official appendage of the state.
Already, we have seen the push for the use of doctors as government informants, the issuance of forced vaccinations regardless of religious orientation or philosophical objection, increased taxation in the name of “harmonization” of care, etc. Beyond all this, the system must continue to perpetuate its own usefulness. And, I have no doubt that one day we will see such things as mandated health appraisals of individuals up to and including psychological health, as well as restricted care based on age, life habits or even ideological orientation. If the state can have your flight status restricted merely for your political beliefs, then why not one day have your access to medical care restricted?
We have heard it said many times that people should be required to attain a “license” before they are allowed to have children, but who gets to decide who is eligible for the “privilege” of children? Well, under a population planning scenario the state and its central planners do, of course. And what makes such people so ethically competent as to deserve this power over the right to family? Not a thing. In many cases, bureaucrats are the most psychopathic and unintelligent people in any given society.
Some people might argue that this kind of development is unthinkable in America and not a legitimate concern. But already in the U.S. we have seen instances of Child Protective Services abducting children belonging to parents with political conflicts with the existing establishment and living habits outside of the mainstream. We also live in a system in which many parents are forced by law to hand over their children to state-controlled schools for half of every weekday (as home-schoolers are attacked as aberrant child abusers). We are only a short step away from a world in which having a child invites as much government intrusion and restriction as rearing a child.
Overt Militarization Of Police
Yes, many people would claim that overt militarization of police has already occurred. I would say that they haven’t seen anything yet. We do not yet live in a country where jacked out cops with armor and M4 carbines stand on every street corner 24/7, but it won’t be long before this becomes our everyday environment. With politicians openly suggesting extreme measures to combat “lone wolf terrorists,” up to and including internment camps for “disloyal Americans” (thanks for at least being honest about your intentions, Wesley Clark), all it would take is one large-scale attack to inspire enough confusion in the population to provide cover for a full-blown police state. Central planning survives and thrives through fear. Fear is defeated through preparedness, planning and mindset.
A person cannot plan or prepare for crisis if he is not allowed to manage his own resources. In Venezuela today, the government has locked down all food production and is rationing out necessary supplies through sophisticated electronic tracking due to economic crisis. Make no mistake, America is just as vulnerable to financial disaster as any Third World nation, if not more so. Resource management will be the inevitable result. In fact, the Obama administration has already positioned itself for resource management through his National Defense Resources Preparedness Executive Order. Government officials will call preppers “hoarders” and argue that no one person should be allowed to have more than he needs. Once again, the argument will be that the self preservation mentality of individuals actually harms the collective.
We already have a centralized and socialized economy for the most part, but private trade and production are still possible. Central planning is designed to wipe out alternative forms of trade and subsistence so that all people can be made dependent on the singular state. As in Venezuela, we should expect that economic declines will be used as a rationale for a clampdown on individual trade. The only way to fight these kinds of measures is for average people to become avid producers and be willing to fight back physically against confiscation and government-controlled rationing.
Beyond trade controls, centralization will culminate in economic “harmony” through multilateral currency schemes, ending in a one-world currency. A single currency system by default calls for a single economic authority, and this by default calls for a single political authority. A one-world currency is not only a fiscal coup for central planners; it is also a stepping stone toward world government.
A cashless system is a kind of unholy grail for central planners because it allows for total control of economic trade. Electronic-based currency systems can be dictated from the comfort of a computer, and savings can be erased or limited arbitrarily. Cashless systems also allow banking structures to operate without the normal consequences of supply and demand fundamentals. Today, even in our massively corrupt financial system, one cannot get around the concrete effects of diminishing demand, endless debt obligations and criminal fiat creation. We are seeing these effects vividly so far in 2015, just as we saw then in 2008. In a completely cashless system, though, debts can vanish, capital can be stolen and shifted away from the public in a more precise manner, taxes can be excised without waiting for taxpayers to comply, and demand can be artificially generated with digital fiat directed to the correct accounts without any trail to follow.
Of course, there will be damages. But, those damages will be foisted upon the general public incrementally until Third World living standards become normal, and no one will be the wiser after a couple of generations. Control of the population would be absolute, while any dissent could be met with immediate financial reprisal, as activists are sentenced to starvation.
The examples listed above may be measured as extreme, but every single one has support within our existing government structure either legally or through actual programs already being implemented. The speed at which they might occur is an unknown, but the desire for them by central planners is absolutely certain. There is no good or benevolent form of central planning. There is no scenario in which the system will not be abused because such power concentrated in the hands of any group of human beings invites abuse. Therefore, the only prudent course, the only solution to the absolute terror of complete state power, is to reduce government down to a shell of its current size or to remove its existence entirely and focus on localized systems and independent trade and infrastructure development. If the federalized state as an edifice no longer exists, then it can no longer be exploited by evil people.
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The "Better Than Cash Alliance" Has An Orwellian Plan
06/04/2015 15:24 -0400
Federal Reserve Federal Tax Reality inShare1 Submitted by Seth Mason
The "Better Than Cash Alliance" Has An Orwellian Plan
In the fall of 1910, under the pretense of a duck hunting trip, a group of powerful bankers, political figures, and businessmen met at Jekyll Island, GA to plan the creation of a central bank for the United States. The “game” that this elite group of “hunters” brought back to their ivory towers of Lower Manhattan and Capitol Hill was the blueprint for one of the most destructive financial institutions in modern history, the Federal Reserve.
One-hundred years later, another group of powerful bankers, political figures, and businessmen have converged to promote a cashless society, an economic system that would compel every man, woman, and child to utilize proprietary, government-monitored electronic systems to make purchases of any kind. This group, which calls itself the Better Than Cash Alliance, is as dangerous as the group of “outdoor enthusiasts” that met at Jekyll Island that fateful early-20th Century November.
And, just like the Jekyll Island group sold their grand plans based on a lie (they claimed that the Fed would guarantee liquidity in times of financial panics), the Better Than Cash Alliance is selling the idea of a cashless society based on the farce that eliminating cash would stimulate entrepreneurship among the poor. In reality, the elimination of cash would reduce a great many opportunities for entrepreneurship for people of few means.
Gone would be the informal businesses the working poor often operate: roadside produce stands, street performances, handicraft tables, and day labor. Contrary to the assertions of the BTCA, a cash-free society would limit entrepreneurship to those with the means to incorporate a business, afford the proprietary system required to accept payments, and understand the local, state, and federal tax burden the payment system would create.
Although they won’t admit it, the 12 central governments that currently support the BTCA (the U.S. is one of them) do so because a cashless society would enable them to track and tax every purchase made with sovereign currency within their borders. In addition to producing new government revenue streams, the payment systems would increase governments’ social engineering capabilities: They would compel consumers to purchase goods and services from tax-paying, licensed organizations.
Freelance service providers such as barbers, music teachers, and tutors would be forced to either jump through the hoops of incorporation or seek work with licensed businesses (which would inevitably take a cut of their earnings and subject the remainder to payroll taxes). The black market would also be squeezed, escalating the War on Drugs, and subjecting every “sin” and self-defense purchase to government scrutiny. Under the guise of “national security”, of course.
A number of financial institutions, including, but not limited to, Citi, Visa, and MasterCard, support the BTCA, for obvious reasons. In a cash-free world, these institutions would not only make profits on the front end by selling electronic payment devices and charging a fee for every transaction, but they would also make money on the back end by compelling everyone to deposit all of their earnings and cash holdings into their coffers. The BTCA claims that a cashless society would enable the poor to “participate in the financial system”.
In reality, it would compel everyone to patronize banks. And, while a cashless society would be a windfall for the banking industry, it would place a heavy burden on the elderly, who often hold large amounts of cash and are hesitant (and, in some cases, incapable) of making electronic financial transactions. Among the numerous social problems the BTCA’s plan for cashless society would create, incidences of elder abuse would certainly increase.
Inevitably, some people would find a way to circumvent a government-mandated electronic payment system, at least for some purchases. Some would find ways to barter or use non-government-issued crypto or de facto currencies. (Interestingly, some black market circles use liquid Tide laundry detergent as a currency.) For some, the elimination of cash would have little material effect on their lives. But, for most, the BTCA’s agenda is a tremendous threat to their individual and economic liberties.
Like the Jekyll Island duck hunters, the Better Than Cash Alliance is a cabal of powerful people who are pushing a dangerous agenda that would harm average Americans while increasing the elite group’s power over them. Like Georgia mallards, the BTCA’s plans must be shot down.
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