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Banks Are Scamming You! Elizabeth Warren’s epic takedown of Wells Fargo CEO.

Elizabeth Warren unleashed a verbal barrage at Wells Fargo CEO John Stumpf on Tuesday, calling the embattled bank boss “gutless” and demanding he step down. “You should resign…You should be criminally investigated,” Warren told Stumpf during a fiery one-sided exchange at the Senate Banking Committee’s Wells Fargo hearing. Warren, a vocal critic of big banks like Wells Fargo, demanded both the Department of Justice and SEC criminally investigate Stumpf for his “gutless leadership.” Last week, a U.S. official told CNN that the DOJ has issued subpoenas to Wells Fargo. Stumpf’s personal holdings of Wells Fargo stock increased by more than $200 million while the fake accounts “scam” was going on, thanks in part to the bank’s success in selling tons of products to customers that they didn’t need and create accounts without their knowledge. Are you awake... read more

Banks & Government Are Just Outright Stealing People’s Money

Centuries ago banks actually stored real money (gold) and gave their customers paper receipts which made transferring and transporting easier. Then as time went by, banks just began storing currency. Unbacked fiat paper is not money. In those days the term “bank robbery” used to mean a man with a gun would come in and steal the currency from the bank. Now, in the 21st century, the term “bank robbery” has a completely different meaning. Now, to quote the popular Russian turn of phrase, bank robs you! What occurred in Cyprus in 2013, was the most overt form of daylight robbery. Over the weekend the banks closed and upon reopening, anyone with substantial funds had approximately 50% less than they previously owned. Now, banks like Wells Fargo, are just outright defrauding and stealing from people! Over the past week, the swindlers at Wells Fargo’s were caught engaging in questionable and illegal activity yet again and consequently their stock’s value has suffered. The shares took a dip as globalist Warren Buffet’s favorite bank, was fined $185 million for a series of fraudulent actions. Since 2011, bank employees have opened 1.5 million bank accounts and “applied” for 565,000 credit cards as well as opened false email accounts – none of which were authorized by their customers. Part of the fraud lies in the fact that these shady bank workers were transferring funds from their customers existing accounts into the newly created accounts unbeknownst to them, resulting in overdraft fees for insufficient funds in some cases. According to the New York Times, the bank’s employees were incentivized to partake in this illegal activity by compensation policies that rewarded them for opening new accounts. And since bankers never go to prison in the USSA, they must have figured, why not give it a shot? After all, the US is nothing like Iceland which jailed 29 banksters for their role in the 2008 crash. The director of the Consumer Financial Protection Bureau or CFPB, (the agency presiding over the fining) Richard Cordray, made a statement saying in part that “unchecked incentives can lead to serious consumer harm and that is what happened here.” Of course the irony of this fiasco is in the fact that the CFPB is part of the largest organized crime syndicate in the world, the United States government. Not only do these thugs steal around around $2 trillion dollars a year from their tax slaves, but the Pentagram also recently... read more

The Greater Depression All Over Again

The parallels between the 1930’s Great Depression and today’s Greater Depression are uncanny, despite the propaganda emitted by the establishment politicians, media and banking cabal that all is well. The corporate mainstream media faux journalists scorn and ridicule anyone who makes the case we are currently in the midst of another Great Depression. They are paid to peddle a recovery narrative to keep the masses ignorant, sedated, and distracted by latest adventures of Caitlyn Jenner and the Kardashians. An impartial assessment of the facts reveals today’s Depression to be every bit as dreadful for the average American as it was in the 1930’s. The Obama administration has used the identical failed fiscal policies utilized by FDR. $800 billion stimulus packages, cash for clunkers, payroll tax holidays, student loans for anyone with a pulse, and hundreds of other useless Keynesian claptrap ideas have driven the national debt from $10 trillion in September 2008 to $19.4 trillion eight years later, a 94% increase. The national debt in October 1929 was $17 billion. Eight years into the Great Depression, after billions in wasteful New Deal programs the national debt stood at $36.5 billion, a 115% increase. The Great Depression lasted from 1929 through World War II despite the tens of billions spent on fiscal stimulus. After eight years of the largest budget deficits in history, the economy is still dead in the water, with GDP barely growing. And its pitiful growth is from the surge in consumer spending due to the calamitous Obamacare program and the continuous wars we wage across the world. It’s the black and white photographs of disheartened men and hungry children from the 1930’s that define the Great Depression for present day generations. Of course after years of government run social engineering disguised as education, most people couldn’t even define when or what constituted the Great Depression. These heart wrenching portraits of average Americans suffering and in despair capture the zeitgeist of the last Fourth Turning crisis. Apologists for the status quo contend the last eight years couldn’t possibly be classified as a depression. The narrative of economic recovery has been peddled by corporate media mouthpieces, feckless politicians, Too Big To Trust Wall Street bankers, Federal Reserve puppets, and government apparatchiks flogging manipulated data as proof of economic advancement. They point to the lack of soup lines as proof we couldn’t be experiencing a depression. Now they are pondering negative interest rates, which have failed across Europe already.... read more

U.S. national debt is more than all the world’s physical cash, gold, silver, and bitcoin combined.

U.S. national debt is more than all the world’s physical cash, gold, silver, and bitcoin combined. The U.S national debt is quickly approaching $19.5 trillion. It will very likely be there this month. It is hard to comprehend how much this amount is for the average American that is barely trying to get by. But people are starting to wake up. There is a large financial charade going on. Most people realize that their standard of living is being eroded. Anyone outside of coastal regions realizes that many parts of this country are struggling to levels that are not understood by the mainstream press. Their control is slowly being lost. One way to understand the amount of debt we have as a nation is to simply look at in context to how much physical currency is out there. The amount of debt The national debt is now more than all of the world’s physical cash, gold, silver, and bitcoin combined. That is right. The U.S. national debt is that big. I’ve argued this before but the Fed is now a giant paper tiger. They are largely trying to use the power of words to move markets instead of actually raising interest rates. These rates will impact this massive debt. Here is the debt visualized: All of the physical cash, gold, silver, and bitcoin combined will cover 65 percent of the debt. And the debt is growing at a rapid pace. Keep in mind you also have a crazy amount of household debt as well: Is any of this ever going to be paid back in full? A large part of the household debt is $1.4 trillion in student debt. But back to the national debt. $19.5 trillion is not going to be paid back. The Fed is doing all it can to keep rates low because even a slight move up in interest rates would cause the servicing of the debt to go ballistic. We’ve gotten to a point where we need debt to pay off more debt. It seems like a wildly sophisticated ponzi scheme. Which it is. And the scheme is being pulled on you. At this point it is one giant confidence game and you can see that in the U.S. that confidence is definitely moving away from the central powers. The controlled media is largely being marginalized. How fast is the debt growing? The national debt grew by $1.33 trillion in one year! At our... read more

Why You Should Be Paying Attention to America’s Silent War on Cash

Government campaigns of intimidation — like the wars on drugs, terror, and poverty — have been used to extort the public for decades. Despite the previous failures of institutional “wars,” a new war on cash is being waged that threatens freedom in a more subversive way than ever before. Banks and governments around the world are cracking down on the use of paper money, and in turn, eliminating any anonymity left in the current system. Through strict rules on cash transactions and civil asset forfeiture laws, for example, the system has already instituted penalties for using cash. But as payments evolve into a purely digital network, the consequences of this new paradigm are being brought into the spotlight. And it’s not good news. The ability to track, record, and mediate transactions of all individuals is a power dictators throughout history could have only dreamed of. Those who value privacy are turning to alternatives like cash, cryptocurrencies, and precious metals, but these directly threaten central bank dominance. This ongoing tug-of-war in financial innovation will determine whether we enter an age of individual empowerment or centralized enslavement. As mundane as it may seem, the main reason for this push to go cashless is directly tied to what world central banks are doing to prop up their economies. The manipulation of interests rates to zero or even negative has left central banks no ammunition to fight off the next recession. Without the ability to cut interest rates even further, stimulating economic growth is impossible. The decisions made in response to the 2008 crisis have led to a perverted environment in which customers could be charged just for holding money in their accounts. As long as individuals have the ability to move their funds into paper currency and escape the losses, banks are still limited to how far they can push the envelope. Regardless, the federal government continues to pressure banks into issuing “Suspicious Activity Reports” for withdrawals of even as little as $5,000. That amount will undoubtedly decrease if and when more people resort to stuffing cash under their mattresses. In principle, cutting interest rates below zero ought to stimulate consumption and investment in the same way as normal monetary policy, by encouraging borrowing. Unfortunately, the existence of cash gums up the works. If you are a saver, you will simply withdraw your funds, turning them into cash, rather than watch them shrink too rapidly. Enormous sums might be withdrawn to avoid... read more
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