News Items

New York Times Editorial Board Endorses Economic Fascism – Supports Banning the $100 Bill

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I cannot overstate the significance of today’s New York Times editorial board endorsement of the elitist scheme to ban large denomination cash from public circulation. This is the latest example of the editorial board putting the interests of the establishment ahead of the citizenry, while at the same time employing a nonsensical argument to support its position which channels emotion rather than logic.

This public support for a de facto cash ban by the New York Times must not be viewed in a vacuum. It should be read in conjunction with its recent absurd endorsement of Hillary Clinton in the Democratic primary. I highlighted that previously published piece of fiction in the post, A Detailed Look at The New York Times’ Embarrassing, Deceitful and Illogical Endorsement of Hillary Clinton. Here are a few excerpts:

The New York Times’ endorsement of Hillary Clinton against Bernie Sanders in the Democratic primary consists of an unreadable, illogical piece of fiction. In this post, I will critique the paper’s position in detail, but first I want to take a step back and explain to people what I think is going on in the bigger picture.

In its endorsement of Hillary, the New York Times editorial board did such a sloppy job I can’t help but think it may have done permanent damage to its brand. Upon reading it, my initial conclusion was that the editorial board was either suffering from Stockholm syndrome or merely concerned about losing advertising revenues should they endorse Sanders. Then I thought some more and I realized my initial conclusions were wrong. Something else is going on here, something far more subtle, subconscious and illuminating. The New York Times is defending the establishment candidate simply because the New York Times is the establishment.

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Video of the Day – John McAfee Proclaims “An Apple Backdoor is the End of America”

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When it comes to Apple vs. the FBI, you can listen to Donald Trump, or you can listen to someone who knows what he’s talking about. If you’d like to do the latter, take a watch.

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As the Apple vs. FBI Debate Rages, Congress Plots to Mandate Encryption Backdoors

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The more I read about the very public fight between Apple and the FBI, the more I become convinced the case merely represents the Lexington and Concord moment in a massive new crypto war. The surveillance state panopticon is extremely concerned that strong end to end encryption is increasingly being used in everyday consumer devices and applications, and has been scheming for a long time to figure out the best way to manipulate the public into accepting backdoor vulnerabilities.

To prove this point, I want to turn your attention to a few excerpts from an important Bloomberg article titled, Secret Memo Details U.S.’s Broader Strategy to Crack Phones:

Silicon Valley celebrated last fall when the White House revealed it would not seek legislation forcing technology makers to install “backdoors” in their software — secret listening posts where investigators could pierce the veil of secrecy on users’ encrypted data, from text messages to video chats. But while the companies may have thought that was the final word, in fact the government was working on a Plan B.

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Video of the Day – Watch Hillary Clinton Get Booed at Last Night’s Democratic Town Hall Debate

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Another gem to add to the Hillary files.

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Introducing “I Will Look Into It.com”

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At a Democratic primary debate a couple of weeks ago, Hillary Clinton was asked about releasing the content of her Goldman Sachs speech transcripts. Here’s how she responded.

Fortunately, someone created a website to track the former Secretary of State’s progress…

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Japanese Government Cracks Down Hard on the Media Amid Pitiful Economic Performance

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Their imminent departure from evening news programmes is not just a loss to their profession; critics say they were forced out as part of a crackdown on media dissent by an increasingly intolerant prime minister, Shinzo Abe, and his supporters.

Only last week, the internal affairs minister, Sanae Takaichi, sent a clear message to media organizations. Broadcasters that repeatedly failed to show “fairness” in their political coverage, despite official warnings, could be taken off the air, she told MPs.

Momii caused consternation after his appointment when he suggested that NHK would toe the government line on key diplomatic issues, including Japan’s territorial dispute with China. “International broadcasting is different from domestic,” he said. “It would not do for us to say ‘left’ when the government is saying ‘right’.”

From the Guardian article: Japanese TV Anchors Lose Their Jobs Amid Claims of Political Pressure

I’ve commented on the spectacular failure of Japan’s “Abenomics” several times in the past, most recently in last summer’s post, Japan’s Economic Disaster – Real Wages Lowest Since 1990, Record Numbers Describe “Hard” Living Conditions. Here’s what we learned:

Prime Minister Shinzo Abe came to power vowing to drag Japan out of deflation and stagnation. His logic was that rising prices would drive higher salaries and increased consumption. More than two years on, prices are rising, but wages adjusted for inflation have sunk to the lowest since at least 1990.

A record 62 percent of Japanese households described their livelihoods as “hard” last year in a survey on incomes. A sales-tax increase in 2014 helped drive up living costs faster than wage gains.  At the same time, the Bank of Japan’s quantitative easing drove down the currency, boosting the cost of imported energy.

Fast forward a few months and things aren’t getting any better.

Earlier this week, Bloomberg reported:

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Trump Sides with the FBI Against Apple; On Torture Proclaims “Water Boarding Is Fine but Not Tough Enough”

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When Donald Trump was asked about Apple’s decision, Trump did not bring up the complexity of the situation, the constant battle between government and individual, between private and public selves, between technology and law enforcement. He did not commend Apple for trying to stave off government’s incursion into our personal details. He did what Trump does: He came up with the easiest, simplest, basest possible reaction to an endlessly complicated issue, and he ran with it.

On Fox & Friends this morning, Trump said, “To think that Apple won’t allow us to get into her cellphone? Who do they think they are? No, we have to open it.”

– From Bloomberg

One of the biggest lessons I’ve learned from the 2016 election season is the obvious fact that the GOP base has absolutely no interest in freedom, civil liberties or the Constitution. The huge success of the megalomaniac statist Donald Trump, as well as the pitiful performance of Rand Paul, has proven this beyond a shadow of a doubt.

Many people will argue this has been obvious for quite some time, but the reason I bring it up is because both Ron Paul and his son Rand believed that the Republican party could serve as a useless albeit unwilling vessel to bring back liberty to these United States. The 2016 GOP primary has proven once and for all that this was pure fantasy.

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Apple Vows to Defend Its Customers as the FBI Launches a War on Privacy and Security

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Some would argue that building a backdoor for just one iPhone is a simple, clean-cut solution. But it ignores both the basics of digital security and the significance of what the government is demanding in this case.

In today’s digital world, the “key” to an encrypted system is a piece of information that unlocks the data, and it is only as secure as the protections around it. Once the information is known, or a way to bypass the code is revealed, the encryption can be defeated by anyone with that knowledge.

The government suggests this tool could only be used once, on one phone. But that’s simply not true. Once created, the technique could be used over and over again, on any number of devices. In the physical world, it would be the equivalent of a master key, capable of opening hundreds of millions of locks — from restaurants and banks to stores and homes. No reasonable person would find that acceptable.

The government is asking Apple to hack our own users and undermine decades of security advancements that protect our customers — including tens of millions of American citizens — from sophisticated hackers and cybercriminals. The same engineers who built strong encryption into the iPhone to protect our users would, ironically, be ordered to weaken those protections and make our users less safe.

We can find no precedent for an American company being forced to expose its customers to a greater risk of attack. For years, cryptologists and national security experts have been warning against weakening encryption. Doing so would hurt only the well-meaning and law-abiding citizens who rely on companies like Apple to protect their data. Criminals and bad actors will still encrypt, using tools that are readily available to them.

– From Apple CEO Tim Cook’s letter: A Message to Our Customers

I’ve spend most of the morning reading as much as possible about the explosive battle between the FBI and Apple over consumer rights to digital privacy and security. I came away with a refined sense of just how monumental this case is, as well as a tremendous amount of respect for Apple CEO Tim Cook for his public stance against the feds.

Before I get into the issue at hand, some background is necessary. The feds, and the FBI in particular, have been very vocal for a long time now about the desire to destroy strong encryption, i.e., the ability of citizens to communicate privately. A year ago, I wrote the following in the post, By Demanding Backdoors to Encryption, U.S. Government is Undermining Global Freedom and Security:

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Debt Slavery in Action – Texas Man Arrested for Not Paying Student Loan Debt

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Laws are effective only to the extent they are enforced. A law on the books has little impact if prosecution is highly unlikely.

The failure to punish big corporations or their executives when they break the law undermines the foundations of this great country: If justice means a prison sentence for a teenager who steals a car, but it means nothing more than a sideways glance at a CEO who quietly engineers the theft of billions of dollars, then the promise of equal justice under the law has turned into a lie. The failure to prosecute big, visible crimes has a corrosive effect on the fabric of democracy and our shared belief that we are all equal in the eyes of the law.

Under the current approach to enforcement, corporate criminals routinely escape meaningful prosecution for their misconduct. This is so despite the fact that the law is unambiguous: if a corporation has violated the law, individuals within the corporation must also have violated the law. If the corporation is subject to charges of wrongdoing, so are those in the corporation who planned, authorized or took the actions. But even in cases of flagrant corporate law breaking, federal law enforcement agencies – and particularly the Department of Justice (DOJ) – rarely seek prosecution of individuals. In fact, federal agencies rarely pursue convictions of either large corporations or their executives in a court of law. Instead, they agree to criminal and civil settlements with corporations that rarely require any admission of wrongdoing and they let the executives go free without any individual accountability.

– From the post: Elizabeth Warren Releases Blistering Report on Corporate Criminality – Singles Out SEC Uselessness

What a cute little Banana Republic this America has become. Our government can’t put a single bank executive in jail for destroying the global economy, but when a mere peasant is caught not paying back his student debt, a team of U.S. Marshals arrive at his door to arrest him at gunpoint.

Land of the thief, home of the slave, indeed.

Fox26 reports:

Believe it or not, the US Marshals Service in Houston is arresting people for not paying their outstanding federal student loans.

Paul Aker says he was arrested at his home last week for a $1500 federal student loan he received in 1987.

He says seven deputy US Marshals showed up at his home with guns and took him to federal court where he had to sign a payment plan for the 29-year-old school loan.

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Latest Version of Monopoly is Called “Ultimate Banking” and is Completely Cashless

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The war on cash has been in the works for a very, very long time, but the propaganda campaign to convince an always gullible public to accept the scheme seems to have been hatched in earnest late last spring. For example, here are a few excerpts from the post, Martin Armstrong Reports on a Secret Meeting in London to Ban Cash:

Martin Armstrong noted at the time:

I find it extremely perplexing that I have been the only one to report that there is a secret meeting in London where Kenneth Rogoff of Harvard University and Willem Butler the chief economist at Citigroup will address the central banks and advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval. When I Googled the issue to see who has picked it up yet, to my surprise Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as the Central Bank of Nigeria, but I have yet to find reports on the meeting taking place in London when my sources are direct.

Other newspapers who have covered my European tour have stated that the “crash” of which I speak is the typical stock market rather than in government. What is concerning me is the silence on this meeting where there are more and more reports about a cashless society would be better.

If we look at the the turning points on the ECM, yes they have been to the day when there has been a concentration of capital in a particular market. However, it has also picked the turning points in political decisions such as the formation of the G5 with 1985.65, the very day Greece asked for help from the IMF in 2010, to the day of 911. What we better keep one eye open for here at night is this birth of a cashless society coming in much faster than expected. Why the secret meeting? Something does not smell right here.

To which I added my own observation:

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