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“Roll Call, described a “first of its kind” report published by the Department of Defense Comptroller’s office, which revealed at least $58 billion of “congressional additions” above Joe Biden’s budget request.”
The “budget” is pure political theater. We know this because Catherine Austin Fitts and Professor Mark Skidmore found that over the course of about 8 years, the Department of the Army and HUD spent $21 TRILLION dollars more than they were allocated per their budgets, based on reports of the OMB. This news sort of percolated briefly into MSM and was mocked as incompetent bookeeping, as if incompetent bookkeeping could be responsible for a $21T overdraft – laughable on its face. Nevertheless, the Army said oops our books are wrong, we’ll fix them, promise, but subsequently, FASAB published Standard 56, which officially allows the government agencies to keep two separate sets of books, one for public consumption, and one that shows the “classified” spending that must be hidden in the national interest. https://missingmoney.solari.com/
The issue has been discussed numerous times by Fitts and Skidmore on USAWatchdogDOTcom
Even Fitts and Skidmore fail to note the obvious, however. In order for the Army and HUD to spend more than budgeted, they essentially have to have open checkbooks; they write the checks, and Treasury fulfills them. In other words, the high school civics version of the budget process, where Congress appropriates $X to this, $Y to that, as if each of these agencies have a bank account and Congress deposits that amount of money into the account each year, and once the agency spends it it is gone, till next year, is pure hooey. There are no limits on spending, at least for certain agencies, and the “budget” has no operative meaning at all.
The budget is just there (1) to put out the illusion of democratic control by elected officials, and (2) to hide the true extent of dollar printing from the eyes of the world, so they can’t assess the extent of dollar devaluation.
Meanwhile, it is now a fact that the government can keep two sets of books, so it is impossible to believe the information about what it spends that it puts out.
“The US adopts yet another pro-Russia policy that strengthens Russia at the expense of the West: Russia is told it doesn’t have to service its debt.”).
I expect that the U.S. pension funds, family offices and hedge funds who hold Russian bonds will next commence lawsuit against the U.S. government under the takings clause of the Fifth Amendment to the U.S. Constitution (“Nor shall private property be taken for public use, without just compensation.”). If the FedGov wants to pursue such a policy for geopolitical strategic purposes, all well and good, but it has to pay for the private wealth it is destroying in the process. If memory serves, the precedent already exists that rendering private property worthless without actually taking ownership of it constitutes a “taking.” So not only does Russia get off the hook, the U.S. taxpayer or more accurately the U.S. money printer will now have to pay Russia’s debt to the U.S. citizens who hold it.
Since the Fifth Amendment like the other amendments applies to “persons,” and is not expressly limited to citizens, I expect that many foreign holders of Russian bonds, including European banks and sovereign wealth funds, will also bring lawsuit under the takings clause. It will be a good time for Constitutional lawyers.
GiveSendGo is legally correct that it has no legal obligation to adhere to the order of the Ontario Superior Court because that Court has no jurisdiction over U.S. activities. However, this will simply switch the burden of the restriction to the Canadian bank(s) that receive the funds from GiveSendGo, at least if the funds are transferred directly from GiveSendGo’s account and are readily identifiable as coming from that source. “Know your customer” protocols put in place to comply with money laundering laws will make it very difficult to end run the effect of this order, as banks are charged with the responsibility of querying the source of funds. Whoever or whatever organization in Canada is the charged with receiving and disbursing those funds to the individual truckers will then be denied access to those funds in its account.
The best source of Vitamin D is sunshine. if we also want more Vitamin D and to reduce stress, then clearly the recommendation is that we should be stripping off most of our clothes and spending more time in the sunshine, and people in the far north should be moving south.
It’s noteworthy to me that the solutions to the problems caused by “progress” and our lifestyle are all designed to further accommodate that lifestyle with an easy fix like fish oil or some new technology. Let’s not ever, ever, live the lives our animal bodies were originally adapted to.
“I trust everybody saw Bill Maher and Bari Wiess finally snap out of it. And let’s get this straight: same audience as the last two years, saying anything and everything the #Opposite of last night. And they cheer. So wait, you ALWAYS were against this? Or you just cheer and believe #anything #anybody #any where at #any time, tell you to?”
Your remark reminded me of something pertinent that Soren Kierkegaard said in Concluding Unscientific Postscript:
“. . . for it is quite likely that everyone who shouts bravo also shouts pereat, item, ‘crucify,’ and does so without even becoming untrue to his character, since on the contrary, he remains true to himself — qua shouter. ”
“pereat, item” Latin for “let him die, likewise”
Dr. D, I believe the backtracking is due to the fact that the already minimally staffed businesses across the country can no longer stand the 5 – 10 days of absences of people who test positive in the casedemic. It’s really starting to f### them up – especially “essential” services.
In addition to genuinely symptomatic individuals, anecdotally I am hearing from my working adult children (in Boston) that employees in s***ty jobs are using the latest spike in cases to simply call in sick with covid in order to have a 5 – 10 day break from work, with pay in cases where the companies provide sick days. In other words, the low level employees who make everything work have learned to game the casedemic, and this is significantly adding to the havoc.
I suspect that the business bottom line is starting to rein in the lunatic “public health” officials.
John Titus has a very detailed explanation of the move in the M1 money chart and savings and its import on his Best Evidence youtube channel, “Larry & Carstens’ Excellent Pandemic,”
https://www.youtube.com/watch?v=VYOEvurCVuk In a nutshell, it means the Fed is federalizing savings, moving them out of the commercial bank sector.
Chooch, true, but not quite so simple as that. Through decades of using chemical fertilizers, we have destroyed the creatures that live in the soil that provide uptake of minerals to the plants. Many of us who are over 50 think that most fruits and veggies don’t taste as good as they did when we were young – it’s not (just) aging taste buds, they actually are missing micronutrients they used to have from living soil.
“Organic” doesn’t always mean what people think it means. Best to supplement buying “organic” with your own garden, with restored soil. Even if you don’t have a lot of space, you can do wonders with microgreens in healthy, living soil. Most microgreens are more nutrient dense than fully grown plants (per weight, obviously). Lots of articles and youtube vids on the internet about growing micro greens. Besides being fresh and tasty, it’s a good way to maintain health when supply chains fail to provide veggies.
You are “vaccinated” by the CDC’s own standards, I meant to say.
Note by the way that the definitions do not say that the “vaccine” or “vaccination” has to be administered pursuant to your doctor’s order. Of course not! This would put doctors in the driver’s seat and require everyone to seek medical counsel first (and require informed consent)! They want people to simply show up at CVS or other sites and take the jab, based on their own determination. I.e., they deliberately allow self-determination (“I control what goes into my own body) for an experimental treatment and practicing medicine without a license. Accordingly, they have no basis to object when, on that same basis, you decide to take the supplements – at least as long as there is some support that Vitamin D, zinc, quercitin, Vit C “stimulate the body’s immune response against diseases.”
(Tounge firmly in cheek:) I think you go on too much about facts and data instead of adopting a simple legalistic response – the course most favored by the Covid lunatics – simply redefining “reality”!
The CDC changed the definition of “vaccine ” from “a product that stimulates a person’s immune system to produce immunity to a specific disease” to the current “a preparation that is used to stimulate the body’s immune response against diseases. Vaccines are usually administered through needle injections, but some can be administered by mouth or sprayed into the nose.”
It also changed the definition of “vaccination” to “the act of introducing a vaccine into the body to produce protection from a specific disease.” https://www.cdc.gov/vaccines/vac-gen/imz-basics.htm
Accordingly, if you are regularly taking Vitamin D, zinc, quercitin, and/or Vitamin C “to stimulate the body’s immune response against diseases,” I say you simply declare that, voila!, you ARE “vaccinated”!
Kudos, Raul, for bringing the Chesnut posts to our attention. After Spartacus, who says that “COVID-19 is a blood and blood vessel disease,” we now have researcher Chesnut, who states that:
“COVID-19 IS NOT A BLOOD VESSEL DISEASE. IT IS A DISEASE OF IMPAIRED METABOLISM AND AUTOPHAGY (INDUCING SENESCENCE) CAUSED BY THE SPIKE PROTEIN.”
IOW, we don’t seem to have scientific consensus yet, and it is good to see and consider the viewpoints striving to best fit and account for the observed phenomena – i.e., “science.” Time (and more data and studies) will tell.
If Chesnut is correct that constant presence of the spike protein, and Pfizer’s CEO’s wish for annual “vaccines” comes true, we will have depopulation, at least in the West. Also potentially casts the U.S. “gift” of 80 million doses to other countries in a different light, although we don’t know (except for Bill Gates) if population control is really an intentional goal or that our government is just idiotic.
“The United States will share vaccines in service of ending the pandemic globally. Today, the Administration announced its framework for sharing these 80 million U.S. vaccine doses worldwide. Specifically, the United States will:
Share 75% of these vaccines through COVAX. The United States will share at least three-quarters of its donated doses through COVAX, supplying U.S. doses to countries in need. This will maximize the number of vaccines available equitably for the greatest number of countries and for those most at-risk within countries. For doses shared through COVAX, the United States will prioritize Latin America and the Caribbean, South and Southeast Asia, and Africa, in coordination with the African Union.”
“Mr. Assange, Mr. Snowden: if TPTB wanted them dead they would have been “deceased” a long time ago.
No, they are by far more useful to keep the “informed” subcategory of the rubes with their hairs on fire.”
Couldn’t agree more, a kullervo. Keeping Assange alive subject to this relentless torture has a far greater and long lasting in terrorem effect than killing him would have had, which would only martyr him. Meanwhile, those “fighting for Assange” make ridiculous statements that we have to free him because otherwise (hah!) we will lose our freedom of the press. How much freedom of the press do you still have if this has been going on for 10+ years? You think a court opinion is going to reverse this? By all means, free him for the humanity of it, but don’t pretend this will restore or shore up freedom of the press.
Political theater that has a clear implication for would be journalists who want to expose government wrong-doing.
Dr. D, I love your commentary but am skeptical of, and agnostic regarding your predictions – I’ll wait and see. However, having said that, it is very interesting to note that, at the same time that China is about to unleash a Lehman-style contagion event on the Western financial system by letting Evergrande default and go bankrupt for the sake of China’s new “common prosperity” initiative, the Treasury is not going to be in a position to effect a bailout or provide additional unemployment or small business support because of the debt ceiling. Of course, this leaves the Federal Reserve’s liquidity firehose for banks and Blackrock asset purchases , so we’ll see.
Someone may have addressed this long ago but I missed it. What does a vaccine that has 95% success rate even mean in the context of a disease that is 99% survivable without the vaccine? Does this mean that of the 1% that otherwise would have died, 0.95% will now live? Is this even demonstrable with clinical test groups in the low thousands?
Speaking of new expressions, my son told me there’s a new phrase starting to be bandied about to describe the white, right wing terrists such as those who tried to overthrow our government in January: “Vanilla ISIS.”
Can’t make this stuff up
This is a repost, the first one didn’t “take” for some reason.
I’m responding to your inquiry re: solutions from the comments section of yesterday’s Debt Rattle. I don’t have any solutions, other than a general direction to go very local with one’s efforts, esp. because centralized governments will not do anything that is remotely helpful – quite the contrary.
I think Nicole Foss’s lengthy article from 2015 on the The Boundaries and Future of Solution Space here at TAE is a very good guide, esp. as what NOT to waste time and effort on.
I agree that we all need to blow off steam and point out the insanity from time to time, so that we can all confirm to one another that we see it and remain sane ourselves. I just bemoan the constant focus of documenting the day-to-day progress of America becoming a failed state. I think Morris Berman nailed it pretty comprehensively in his 2014 book, Why America Failed. He is adamant that the structural components of America’s “culture” render a happy ending impossible. He has also no solutions, other than what he calls “dual process” – to carve out a real life worth living while doing the minimum required to survive in the collapsing society. There are lots of youtube vids of him talking about it if you want a preview before getting the book.
Responding to your inquiry re: “solutions” in the comments to the last Debt Rattle. I don’t have any, other than a general direction that we should all go very local with our efforts esp. because centralized governments are not going to do anything that is remotely helpful. I think Nicole’s lengthy article from 2015 is a very good guide, especially on what NOT to waste time and energy on.
I agree we all need to vent and blow off steam from time to time, and confirm to one another that we see the insanity, to remain sane ourselves. I suspect it’s all going to get a lot worse, and soon, and keep getting worse. I just bemoan the constant focus on documenting the day-to-day progress of how America is / is becoming becoming a failed state. Morris Berman nailed it pretty comprehensively back in 2014 in his book, Why America Failed. Lots of youtube vids of him talking about it.
Mr. House, the only party I envision is new forms of communes, small collectives and monasteries to ride out the latest iteration of the collapse of the Roman Empire.
Btw, I’m “tagio” over at Tim Morgan’s site.
Now that the Trump presidency is drawing to a close, could we spend more time and focus on the sorts of things this site paid attention to pre-Trump, such as the economy, energy, resources, the insanity or destructiveness of elites, etc., and less on the collapsing American political system? Maybe on things that we might actually do that are with the “solution-space,” to use Nicole’s concept?
I am not sure what good was intended to be accomplished pointing out the illegality and/or hypocrisy of the anti-Trumpers for four straight years. Did anyone here think that the Rule of Law was somehow going to triumph, or that this site would change hears and minds? Do we really need “balance” that contrasts how unhinged the left is with how unhinged the right is, or to sift out the kernels of truth in the rights complaints? Again, what is that intended to accomplish? Is this a re-education camp for leftists or recovering leftists?
While I enjoy the ravings of Dr. D as much as the next reader, where was the military disclosure of election fraud that he assured us was coming? How about we stop going down rabbit holes to nowhere.
Ilargi, thank you for running Dr D, some truly original analysis.
Dr D, outstanding article! This. Is the most well-thought out essay on the likely form of the “reset” i have ever read and has the merit of seeming the most practical to implement, as well as most easily accodatung to existing trade patterns.
Like one of the other commenters i was initially confused about the use of crypto in the title but it is evident on reading that you mean public blockchain crytography to verify ownership. A more likely practical use of that since bc seems too unweildy for actual day to day transactions.
Since the benefits of having the fiat reserve currency are too good to give up voluntarily, i am curious whether you have a view of what will trigger implementation of the new system, or whether you think the CBs and governments have sufficient control to roll it out when all systems are fully in place. Iow, do you have a view on the timeline?
Please excuse typos, typed on phone
Off topic as far as the day’s events go, but I am trying to find an article you did some years ago on the “degrees of separation” of people’s “wealth” from actual physical possession – the thought that people “had” something because it was shown in a monthly statement. In a “what could go wrong” expose, you detailed the intermediation between supposed “ownership” and the reality of things held in street name etc. IMO it was a much needed and much to be recommended article, and now that we seem to beapproaching another shakeup, is worthy as runnning as one of the “oldies but goodies,” or even updating if there is now even more to say about it. Would you mind posting the link?
Just sent a donation, thanks for the work you do!