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Ray Dalio: “We Are On The Brink Of A Terrible Civil War”

Zero Hedge: It was over a decade ago that we first warned the Fed’s unconstrained monetary lunacy will eventually result in civil war, a prediction for which Time magazine, which back then was still somewhat relevant, mocked us. This is what Time’s Stephen Gendel said in October 2010:

What is the most likely cause of civil unrest today? Immigration. Gay marriage. Abortion. The results of Election Day. The mosque at Ground Zero. Nope.

Try the Federal Reserve. Nov. 3 is when the Federal Reserve’s next policy committee meeting ends, and if you thought this was just another boring money meeting you would be wrong. It could be the most important meeting in the Fed’s history, maybe.

The U.S. central bank is expected to announce its next move to boost the faltering economic recovery. To say there has been considerable debate and anxiety among Fed watchers about what the central bank should do would be an understatement. Chairman Ben Bernanke has indicated in recent speeches that the central bank plans to try to drive down already low interest rates by buying up long-term bonds. A number of people both inside the Fed and out believe this is the wrong move. But one website seems to indicate that Ben’s plan might actually lead to armed conflict.

Last week, a post on the blog Zero Hedge said … that the Fed’s plan is not only moronic, but “positions US society one step closer to civil war if not worse.”

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Tulsi Gabbard on Dems’ Terror Law: ‘We Don’t Have to Guess About Where This Goes or How This Ends’

PJ Media: Former Rep. Tulsi Gabbard (D-Hawaii) raised the alarm about the Democrats’ disturbing crackdown on “domestic terrorism” in the wake of the Capitol riot on January 6. She warned that the domestic terror bill that House Democrats have proposed would “undermine our constitutional rights and freedoms,” and lead to law enforcement targeting “almost half of the country.”

“We don’t have to guess about where this goes or how this ends,” Gabbard said, ominously, in an interview with Fox News on Friday.

“When you have people like former CIA Director John Brennan openly talking about how he’s spoken with or heard from appointees and nominees in the Biden administration who are already starting to look across our country for these types of movements similar to the insurgencies they’ve seen overseas, that in his words, he says make up this ‘unholy alliance’ of religious extremists, racists, bigots, he lists a few others and at the end, even libertarians,” the former congresswoman noted.

Indeed, as PJ Media’s Paula Bolyard reported, Brennan named libertarians as part of the “unholy alliance” including “religious extremists, authoritarians, fascists, bigots, racists, [and] nativists.” Independent journalist Glenn Greenwald warned that Brennan is suggesting using “the tools that they used to take ISIS off the internet, the tools they used to destroy al-Qaeda,” against political movements opposed to the Left.

Gabbard, a former Democratic presidential candidate, echoed that warning. Read More

3 Days After Biden Inauguration, Seattle Starts Prosecuting Vandalizing Rioters More Harshly

On Saturday, only three days after the inauguration of Joe Biden, the city of Seattle suddenly announced that vandals who destroy property during protests will be arrested and prosecuted more vigorously.

Seattle interim police Chief Adrian Diaz announced that the decision was made in coordination with City Attorney Pete Holmes, and enforcement would commence Saturday afternoon, the Seattle Times reported.

Portland police arrest 8 after rioters damage Democratic Party office, ICE facility following Biden's inauguration - ABC News

Diaz said of the rioters, “They’re focused on breaking windows, and these are things we need to work on,” adding that people who have been arrested “four or five times” for vandalism will be prosecuted more heavily. He asserted, “We will be prosecuting these crimes from now on. … When we don’t have any form of accountability for people — and many of them are coming from outside the city — they will continue to do that activity, and we can’t have that.”

“Diaz said police have arrested about 600 people for various incidents in riots or protests since last spring, and often misdemeanors haven’t been prosecuted,” the Seattle Times noted. Read More

PALESTINIAN AUTHORITY TO HOLD FIRST ELECTIONS IN 14 YEARS… OR NOT

Israel 365: Palestinian president Mahmud Abbas addresses a rally commemorating the fifth anniversary of late Palestinian leader Yasser Arafat’s death in the West Bank city of in Ramallah on November 11, 2009.Abbas stood by his demand for a complete Israeli settlement freeze as he addressed tens of thousands of Palestinians gathered to honour Arafat.

Palestinian Authority President Mahmoud Abbas issued an official decree last Friday, ordering that elections be held within seven months. According to the decree, elections for the Palestinian Legislative Council will be held on May 22.  Another round of elections will be held on for the Palestinian Authority president on July 31. Yet another round will be held on August 31 for the Palestinian National Council. Just prior to the announcement, Abbas issued a number of unilateral amendments to the Palestinian elections law.

(FILE- In this March 18, 2007 file photo, Palestinian Authority President Mahmoud Abbas, right, and Palestinian Prime Minister Ismail Haniyeh of Hamas, left)

The last time elections were held in the P)A was 2006 and Abbas was elected to a four-year term in 2005 after replacing Yasser Arafat, who served a four-year term lasting from 1994-2004. In those elections to determine rule over Gaza, Judea, and Samaria, Hamas won 74 seats out of the 132  seats in the Palestinian Legislative Council. Abbas’ party, the Palestinian Liberation Organization (an outgrowth of the terrorist organization founded by Arafat), refused to allow them into the government but Hamas took control of Gaza by force, expelling the PLO. The PA, which was formed as a result of the Oslo Accords signed in 1993, then took control of the Arab population in Judea and Samaria. \

In 2018, Abbas dissolved the Parliament, promising new elections within six ‎months. Those elections were never held. Read More

Competitive Currency Debasement 101 Class Is In Session

Zero Hedge: Janet Yellen is Joe Biden’s Treasury Secretary nominee. She claims to support “market forces” as the driver for the US dollar. What does that really mean in a practical sense?

Biden’s Treasury Secretary, Janet Yellen, is also a prior Fed Chair. I noted her Swiss Cheese Statements on the US Dollar.

The United States doesn’t seek a weaker currency to gain competitive advantage. We should oppose attempts by other countries to do so.

Yellen can make whatever swiss cheese statements she wants but how would a central bank act if it wanted to sink the dollar?

Steps to Weaken a Currency

  1. Cut interest rates
  2. Engage in massive QE balance sheet expansion
  3. Pledge to keep rates low indefinitely
  4. Pledge to ignore inflation and let it run hot to make up for alleged undershooting
  5. Encouraging more fiscal stimulus

The Jerome Powell Fed is five for five on doing the very things that would cause the dollar to sink and Yellen supports all of them. Read More

Did Joe Biden Just Make Our Power Grid Vulnerable to Foreign Adversaries Again?

On May 1, 2020, President Trump signed Executive Order 13920, “Securing the United States Bulk-Power System,” to prevent foreign adversaries from creating and exploiting vulnerabilities in the United States bulk-power system.

Regarding Executive Order 13920: Securing the United States Bulk-Power System - Finite State

“The bulk-power system is a target of those seeking to commit malicious acts against the United States and its people, including malicious cyber activities,” the executive order read. “Although maintaining an open investment climate in bulk-power system electric equipment, and in the United States economy more generally, is important for the overall growth and prosperity of the United States, such openness must be balanced with the need to protect our Nation against a critical national security threat.”

In December, former U.S. Secretary of Energy Dan Brouillette issued a prohibition order “designed to reduce the risks that entities associated with the People’s Republic of China pose to the Nation’s bulk-power system” under Executive Order 13920, which took effect January 16, 2021—mere days before Biden’s inauguration.

On his first day in office, Joe Biden suspended Executive Order 13920 for 90 days as part of his “Executive Order on Protecting Public Health and the Environment and Restoring Science to Tackle the Climate Crisis.”

According to the order, “The Secretary of Energy and the Director of OMB shall jointly consider whether to recommend that a replacement order be issued.”

While it remains to be seen whether a replacement order will be issued, and whether a replacement would similarly protect Americas’s bulk-power system from being exploited by foreign adversaries, it’s still hard to understand why Trump’s executive order was suspended in the first place.

Was it simply an anti-Trump action or was it because of his son Hunter Biden?

As CNN reported last month, “After [Joe Biden] left office in 2017, Hunter Biden worked on securing a deal with CEFC China Energy to invest in US energy projects.” The deal fell through, but Hunter Biden’s business dealings with China may very well be a motive behind his father’s suspending Trump’s executive order. Recall that Joe Biden is on the record saying that “China is not our problem.” And he has repeatedly insisted that his son’s business dealings with Ukraine, while he was vice president and the Obama administration’s point man on Ukraine, was not a conflict of interest.

While President Trump believed in “America First,” Joe Biden seems to believe in “China First.” Read More

Katie Couric wants to know how to deprogram Trump supporters

Page Six: There are concerns about Katie Couric as a guest host of “Jeopardy!” after her “condescending, elitist” remarks that GOP and Trump supporters should be “deprogrammed.”

https://youtu.be/jU2orgLDALo

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Biden Stops Trump Order To Slash Price Of Insulin, EpiPen

Zero Hedge: President Joe Biden’s United States Department of Health and Human Services (HHS) on Thursday stopped executive orders from his predecessor designed to significantly lower prescription drug prices for Americans, including insulin and epinephrine.

Frustration Mounts as EpiPen Shortage Hits 1 Year

The new administration will apparently re-evaluate the executive action from President Donald Trump toward the end of March. It remains unclear if it will be reinstated.

“The HHS Thursday froze the former Trump administration’s December drug policy that requires community health centers to pass on all their insulin and epinephrine discount savings to patients,” Bloomberg Law reported Thursday. “Centers that don’t pass on the savings wouldn’t qualify for federal grants.” Read More

 

All Travelers Into Israel Must Present a Negative Coronavirus Test

Jerusalem Online: The Economic Affairs Committee on Thursday approve a measure that all passengers entering Israel from abroad would need to present a negative coronavirus test performed within 72 hours of take-off, or present a “recovering or “inoculated” certificate issued on behalf of the Health Ministry. Failure to provide a negative test will result in a NIS 2,500 fine.

Beyond Bitcoin: China’s Surveillance Cash

Zero Hedge: Of all the technological revolutions we’ll live through in this next decade, none will be more fundamental or pervasive than the transition to digital cash. Money touches nearly everything we do, and although all those swipes and taps and PIN-entry moments may make it seem as though cash is already digital, all of that tech merely eases access to our bank accounts. Cash remains stubbornly physical. But that’s soon going to change.

As with so much connected to digital payments, the Chinese got there first. Prompted by the June 2019 public announcement of Facebook’s Libra (now Diem)—the social media giant’s private form of digital cash—the People’s Bank of China unveiled Digital Currency/Electronic Payments, or DCEP.

China's Central Bank Says Digital Yuan Will Not Raise Inflation | Blockchain News

Having rolled out the new currency to tens of millions of users who now hold digital yuan in electronic wallets, the bank expects that by the time Beijing hosts the 2022 Winter Olympics, DCEP will be in widespread use across what some say is the world’s biggest economy.

Indeed, the bank confidently predicts that by the end of the decade digital cash will displace nearly all of China’s banknotes. Read More