Bank Connected To Left Wing Billionaire Giving Loans To Illegal Immigrants To Fight "Systemic Racism"

A bank connected to leftwing billionaire Tom Steyer is giving loans to illegal immigrants using a financial loophole—claiming it’s a way to fight “systemic racism", according to the Daily Wire.

Beneficial State Bank, based in Oakland, California, offers loans to immigrants without legal status by using Individual Taxpayer Identification Numbers (ITINs) instead of Social Security numbers.

The bank says this is part of its mission to promote fairness. “Beneficial State Bank is committed to addressing financial inequalities that disproportionately affect communities of color, a result of centuries of systemic racism,” the bank said in its 2022 impact report.

“A key initiative is lending to immigrant customers who may not have Social Security numbers but possess Individual Taxpayer Identification Numbers.” In 2022, it issued $25 million in auto loans to 707 ITIN borrowers

The Daily Wire writes that in 2023, the bank continued to push this strategy. “Because many financial institutions require social security numbers, people without them, such as recent immigrants to the United States, can face barriers to qualifying for the loan they need to purchase a car,” the report reads.

“The bank lends to customers with Individual Taxpayer Identification Numbers, providing critical access to credit and expanding financial inclusion.” About 10% of its 16,000 auto loans are made this way.

The bank started by offering loans to undocumented immigrants through furniture stores, according to the Global Alliance for Banking on Values. It also lends to people with California AB 60 driver’s licenses, which are available to those who “are unable to provide proof of legal residence in the United States.”

Beneficial State Bank did not respond to questions about this. But it’s not the only bank making ITIN loans. Prysma Lending has issued over a billion dollars in these loans and hosted talks to help immigrants avoid deportation by using a “credible fear” interview.

This ITIN loan tactic also supports developments like Colony Ridge in Texas, which has been linked to illegal immigrants, including criminals.

Leaked emails from a Texas land developer show there’s a whole lending industry targeting illegal immigrants. One developer admitted, “we will not be able to sell our developments if each of our buyers have to have [social security numbers].”

Tyler Durden Sun, 06/08/2025 - 08:45

Why Fishermen Are Catching Fewer Lobsters In Maine

Authored by Allan Stein via The Epoch Times (emphasis ours),

STONINGTON, Maine—For veteran lobsterman Travis Dammier, it was the end of another trip at sea on a solo voyage to earn a living.

He was approaching home, feeling less than excited as he navigated his fishing boat, My Kassandra, through the calm waters back to the commercial port of Stonington, Maine.

Lobster fisherman Travis Dammier, 41, unloads his catch in Stonington, Maine, on May 12, 2025. As an experienced independent lobsterman, Dammier said it’s getting harder to make a living as lobster hauls shrink, costs rise, and government regulations tighten. Allan Stein/The Epoch Times

With little fanfare, the 36-foot vessel powered effortlessly toward the Greenhead Lobster Co. dock, stopping on its starboard side.

Dammier moved quickly as he secured the vessel with thick ropes.

Two dockworkers greeted him, and together they began transferring the live lobsters into large plastic containers for sale in the local market.

Dammier was pleased to return safely with his moving cargo, ready to sell in bulk, even though this landing was light at 140 pounds.

After factoring in expenses for fuel and bait, he estimated his profit at around $100 for three hours of hard labor.

He knew he needed to check more traps and make additional trips to ensure his time and effort would be worthwhile.

Dammier fondly recalled the glorious days of lobster fishing closer to shore, when daily catches could exceed 1,000 pounds and yield substantial profits.

Those years of abundance seemed they’d never end, but they eventually did.

Now, Dammier is compelled by circumstance to venture further out to sea and spend extended periods away from Stonington, about halfway up the Maine coastline.

“This time of year is brutal,” Dammier said. May is typically considered a lean month for the lobster harvest season.

New Challenges

Making a living from lobster fishing has become increasingly difficult for experienced independent lobstermen such as Dammier.

The rising costs of doing business, along with uncertain profits and declining landing volumes since the exceptional peaks of the 1990s and 2000s, all contribute to the challenges faced in this industry.

Dammier’s profound love for lobster fishing is the only constant, a passion inherited from his grandfather.

At 41, he is tall and easygoing. He wears a baseball cap and a gray hooded sweatshirt with rolled sleeves, layered underneath bright orange and yellow waterproof coveralls.

His trimmed beard gives him the appearance of a seasoned sailor; his expression is steady as he gazes out over the tranquil water.

Working alone on a lobster boat presents its unique challenges, Dammier told The Epoch Times.

Lobsterman Travis Dammier, 41, gazes out at the harbor in Stonington, Maine, on May 12, 2025. Even if he could afford to hire a deckhand, Dammier said finding qualified workers is difficult. Allan Stein/The Epoch Times

“I’ve been fishing on my own for eight years now. I’m hauling my regular hauls by myself,” he said.

He still has a scar on his right forearm from an injury he sustained when he fell overboard.

The boat ran over him, slicing his arm. He managed to pull himself back on board and survived to fish another day.

Even if he had the funds to hire an additional deckhand in these belt-tightening times, Dammier said it is difficult to find qualified workers.

“I think it’s because it is hard work,“ he said. ”These new generations just don’t have the ethic.”

He said many experienced lobstermen are leaving the business due to rising operating costs and state regulations.

He added that some of Stonington’s independent operators were “bigger dogs” in their day, but time, as well as physical wear and tear, also took a toll on them.

“I know a lot of guys who sold out over the past couple of years with all these regulations—all the doom and gloom” surrounding the future of the lobster fishing industry, Dammier said.

During the peak years of lobster fishing in Stonington, when daily catches averaged 500 to 600 pounds or more, Dammier fished closer to shore, which made his job less expensive.

“I used to fish right up in there, inside that island—right there,” he said, pointing.

It has been four years since he placed a lobster trap in those narrow shoals and put down bait north of Fog Island, northeast of Bar Harbor, about 60 miles from Stonington.

Dammier said the lobsters are no longer as abundant in these locations as they once were. He now has to travel farther and for longer, increasing costs, trips, and the risk of injury.

The lobster boat My Kassandra leaves the port harbor of Stonington, Maine, on May 12, 2025. Allan Stein/The Epoch Times

“You have to go into deeper water—go out further or first,” he said.

Along Maine’s rugged 228-mile coastline, filled with forested islands and stony inlets, lobster catches have declined for the third consecutive year, dropping from 111 million pounds in 2021, to about 87 million pounds in 2024.

Maine produces between 80 and 90 percent of the nation’s lobster supply, and Stonington is recognized as one of the leading lobster ports in the country.

With a population of 1,056, Stonington became a separate town in 1897, having previously been part of Deer Isle. It has continued to be a crucial hub of the lobster fishing industry and a tourist destination.

In 2021, the town produced 13.6 million pounds of lobster, valued at $74 million. By 2024, the amount had decreased to 11.9 million pounds, valued at $54.25 million, while lobster landings across the state totaled 86.2 million pounds, worth $528.4 million.

In 2024, the Division of Marine Resources issued 7,463 licenses for commercial and non-commercial lobster fishing in Maine’s seven coastal management zones. In addition, there were 2.5 million lobster traps in use.

What Has Changed?

Over the past century, yearly lobster catches in the state have varied greatly, falling to an all-time low of 5.3 million pounds in 1934.

Maine’s annual lobster catch hit a record high in 2016, totaling 132.6 million pounds, with a market value of $540.6 million.

Patrice McCarron, president of the Maine Lobstermen’s Association, said that a common misconception is that lobsters are moving to the colder northern waters of Canada, which contributes to the depletion of Maine’s lobster stock.

“I would say the lobsters aren’t moving anywhere. It’s more that the center of abundance where they’re most available has shifted to deeper waters,” she told The Epoch Times.

A stack of lobster traps in Stonington, Maine, on May 12, 2025. In 2024, 2.5 million traps were in use across Maine’s seven coastal zones. Allan Stein/The Epoch Times

The Gulf of Maine Research Institute, observed that ocean warming from 1984 to 2014 has caused the optimal summer temperatures for lobsters to shift northeastward.

As a result, the lobster population in southern New England fell by 78 percent, while the population in the Gulf of Maine increased by 515 percent.

The organization credited the substantial increase to successful conservation efforts.

Adult lobsters thrive in water temperatures around 50 degrees. However, temperatures above 65 degrees can stress them, negatively affecting their eight-year breeding cycle.

While there has been some warming in the Gulf of Maine, McCarron said that its ecosystem differs from southern New England’s.

“We get a lot of the Arctic melt coming into the Gulf of Maine as well. Sometimes that water sinks to the ocean bottom,” she said.

“We’ve had years of warmth, but nothing that’s outside of what a lobster would stop tolerating.”

McCarron said that a decline in lobster landings typically follows each boom, yet fishing companies become accustomed to the profitable yields.

“I think the peak was much more than we had ever really expected the resource would provide us,“ she said. “There was an expectation in the industry that at some point, the landings were going to trail off.”

Dockworkers at the Greenhead Lobster Co. prepare plastic containers to unload live lobsters from an arriving vessel, in Stonington, Maine, on May 12, 2025. Allan Stein/The Epoch Times Soft Landings

Ron Trundy, the manager of the Stonington Lobster Co-Op, has also observed lobster catches decline from their peak highs and level out.

“Some years, it would be a little less, some more,” he said.

Trundy said that lobster fishing remains profitable, despite rising costs causing frustration among many in the industry.

He said that prices for fishing gear have increased markedly, sometimes doubling, but the fluctuating cost of lobsters does not reflect these increases.

“The investment is way higher now than even 10 years ago,” Trundy told The Epoch Times. “The expenses are very high now. The business is changing.”

Twenty years ago, the cost to build a lobster boat was around $150,000. Now, it costs between $500,000 and $600,000, Trundy said.

Before the pandemic, a wire lobster trap cost around $60. Now, lobster boat operators expect to pay as much as $150.

Read the rest here...

Tyler Durden Sun, 06/08/2025 - 08:10

Citigroup Reverses Course On Controversial Firearm Policies

Authored by Naveen Athrappully via The Epoch Times,

Citigroup reversed its policy requiring retail business clients to refrain from selling firearms to those who haven’t passed background checks, the bank announced in a June 3 statement.

Citigroup instituted the policy in March 2018. It also included restricting clients from selling high-capacity magazines and bump stocks, and selling guns to individuals under 21 years of age.

That policy has now changed. In the statement, Citibank said that following “recent Executive Orders and federal legislation that impact this area ... [it will] no longer have a specific policy as it relates to firearms.”

The bank said concerns were being raised about “fair access” to banking services, adding that the corporation is following regulatory developments, presidential executive orders, and federal legislation under the current Trump administration related to fair banking access.

“In light of those developments, we took an objective look at our policies and practices with the intent of striking the right balance between our commitment to fair and unbiased access to our products while continuing to manage all risks to the bank appropriately,” the bank added.

Furthermore, Citigroup said it will update the employee Code of Conduct and the Global Financial Access Policy, “to clearly state that we do not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion.”

The bank’s policy reversal follows President Donald Trump signing an executive order on Feb. 7 calling for a review of all policies, projects, rules, and government action under the Biden administration related to Second Amendment rights.

During the World Economic Forum annual summit in Davos on Jan. 22, Trump said entities aligned with conservative causes are being discriminated against by banks, and asked the sector to change its ways.

“I hope you start opening your bank to conservatives because many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called Bank of America,” Trump said, addressing Bank of America CEO Brian Moynihan.

“I don’t know if the regulators mandated that, because of Biden or what, but you and Jamie [Dimon, JPMorgan Chase CEO] and everybody, I hope you open your banks to conservatives because what you’re doing is wrong.”

Protecting Gun Rights

Activist group March For Our Lives criticized Citigroup’s policy reversal as a “shameful decision” in a June 3 statement.

“Seven years ago, after 17 of my peers and teachers were murdered, Citi found the courage to say ‘no more’—no more financing gun sales to teenagers. Today, they’re saying our lives matter less than their politics,” said executive director Jackie Corin.

Citigroup’s March 2018 policy came after a man killed 17 individuals at the Marjory Stoneman Douglas High School in Florida in February that year in one of the deadliest mass shooting incidents in American history.

Meanwhile, the Firearms Industry Trade Association welcomed Citigroup’s latest decision, the group said in a June 3 statement.

Lawrence G. Keane, senior vice president at the association, said they were “guardedly optimistic” about the bank’s announcement.

“We will see if this is a substantive change in policy or just a superficial change while Citigroup continues to discriminate in private beyond closed doors where it is harder for the public to detect.”

John Commerford, executive director at the National Rifle Association of America, Institute for Legislative Action, hailed the Citigroup policy change in a June 4 Instagram post.

The NRA “welcomes the news that Citigroup has rescinded its discriminatory debanking policies targeting gun manufacturers and dealers. Citigroup and other banks were pressured by left-wing activists to implement these measures in an attempt to restrict the lawful sale of firearms,” he said.

Commerford called on the Senate to pass the Fair Access to Banking Act, a law aimed at preventing financial institutions from “denying banking services to constitutionally protected services.” The bill was introduced in the House and Senate in February and is under consideration by lawmakers.

Tyler Durden Sun, 06/08/2025 - 07:35

UK Makes Solar Panels Mandatory On Most New Homes

Authored by Carl Deconinck via Brussels Signal,

The “vast majority” of new homes in England will soon be fitted with solar panels as standard, UK energy secretary Ed Miliband has confirmed.

Developers warned of added costs and bureaucratic hurdles.

The announcement, part of the forthcoming Future Homes Standard set for release this autumn, aimed to slash household energy bills and nudge the UK closer to its net-zero ambitions.

Miliband, speaking to the BBC on June 6, called the plan “just common sense,” claiming solar panels could save homeowners around £530 (€629) annually, based on current energy price caps

The British Government’s proposal mandated solar panels on almost all new builds, with “rare exceptions” for homes shaded by trees or otherwise impractical for solar generation.

Unlike the previous Conservative Party government plan, which required panels to cover 40 per cent of a building’s ground area or none at all, the ruling Labour Party’s approach insisted on at least some solar coverage, even if the 40 per cent target was not met.

Miliband insisted this flexibility would ensure near-universal adoption without letting developers off the hook.

We’re kickstarting a solar rooftop revolution.

All new-build houses will come with solar panels as standard.

Delivering lower bills, energy security, and tackling the climate crisis.https://t.co/wXHwZolpiO

— Ed Miliband (@Ed_Miliband) June 6, 2025

According to the Home Builders Federation, which indicated support for solar integration, “burdensome” paperwork could slow down the government’s ambitious target of 1.5 million new homes by 2029.

Neil Jefferson, head of the Home Builders Federation, told the BBC that an estimated two in five new homes had solar panels and that the industry was “getting increasingly used to incorporating solar panels within the building of new homes”.

“The government just needs to take care to make sure that it does not prescribe and mandate to much on rooftops.

“If every single home needs to be applied for on an exemption basis that will slow up the delivery of desperately-needed new homes, that administration will be burdensome,” he said.

Solar Energy UK’s CEO Chris Hewett said there was a need for more trained installers to meet demand, a point echoed by industry voices calling for investment in skills to sustain this “rooftop revolution”.

Meanwhile, the government’s own figures suggested solar power, while growing from 42 per cent since 2024 and 160 per cent over the past decade, remained a minor player, trailing gas, wind and nuclear in the UK’s energy mix.

Developers estimated solar installations could add £3,000 (€3,560) to £4,000 (€4,750) to construction costs per building.

Miliband dismissed concerns that these would be passed onto buyers, claiming house prices would not rise.

The policy dovetailed with Labour’s broader green agenda, including relaxed planning rules for heat pumps and a £13.2 billion (€15.68 billion) insulation scheme.

The Climate Change Committee insisted near-total decarbonisation of housing was essential for the 2050 net-zero target, a goal Labour inherited from the Conservatives who appeared to have turned against it.

Conservative leader Kemi Badenoch said it was “impossible” without tanking living standards, while Reform UK wanted it scrapped entirely, citing higher energy bills.

Supporters, including Liberal Democrat MP Max Wilkinson, hailed the move as a win for both wallets and the planet.

Industry figures including Octopus Energy’s Nigel Banks claimed smart tech and storage could slash energy costs by up to 90 per cent for some households.

Tyler Durden Sun, 06/08/2025 - 07:00

Peter Schiff: Printing Money Is Not the Cure for Cononavirus



In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system. All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.” Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.” In the midst of all this, Peter raises a really good question. The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down. Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.” Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy. In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.” Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up. The economy is strong, print money. The economy is weak, print even more money.” Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies. Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.” Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.

We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are. We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession." Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated. The difference is this time it's not going to work." It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing! Dump the U.S. dollar while you still have a chance. Welcome to The Atlantis Report. And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday. That's $160.8 billion in two days!!!! in just 48 hours. That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month) Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month ! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first . The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before. Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option). Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008. The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down. everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk. With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom? If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either. Accounts settle overnight. This includes things like payrolls and bill pay settlements. If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on. First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out. But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly. This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change. Fiat currency is not just thievery. Fiat currency is SLAVERY. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. It would appear that trust is deteriorating as it did when Lehman blew up . Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.











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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

The FBI released a summary of its file from the Hillary Clinton email investigation on Friday, showing details of Clinton's explanation of her use of a private email server to handle classified communications. The release comes nearly two months after FBI Director James Comey announced that although Clinton's handling of classified information was "extremely careless," it did not rise to the level of a prosecutable offense. Attorney General Loretta Lynch announced the next day that she would not pursue charges in the matter. "We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests," the FBI noted in a statement sent to reporters with links to the documents. The documents include notes from Clinton's July 2 interview with agents, as well as a "factual summary of the FBI's investigation into this matter," according to the FBI release. Throughout her interview with agents, Clinton repeatedly said she relied on the career professionals she worked with to handle classified information correctly. The agents asked about a series of specific emails, and in each case Clinton said she wasn't worried about the particular material being discussed on a nonclassified channel.