The problem with money; From court-packing to doxxing (Biden reaction); The extinction of species, Bill Gates, and the US military; Stock panic spreads to credit; Big Banks' Propaganda War On Bitcoin

The Problem with Money

(The author is putting “money” in quotes because he knows not money exists. It is all debt: Federal Reserve Note. A “note” that is backed by nothing is not money. JRD)

“I'm simply pointing out ‘money’ isn't simple, and ‘backing’ money with X leads to questions about the nature of ‘money,’ collateral and the fluidity and complexity of the social construct we call ‘money.’"

“Notice how "money" expands. This isn't just from the Treasury printing currency bills, or issuing new bonds, or the Federal Reserve creating "money" out of thin air to buy those Treasury bonds, it's also government agencies issuing bonds, corporations issuing bonds, mortgages on real estate being originated, student loans being issued, auto loans being originated, etc.

Note that all this debt "money" is backed by some sort of collateral. It might be a tangible object like a house on a parcel of land, or it might be the income stream from a government, corporation or individual.

Backing ‘money’ with tangible things like gold sounds like a splendid solution to problems like inflation, but it comes with knotty questions about exactly what counts as ‘money,’ what ‘money’ is actually backed, and how is this ‘money’ backed if it cannot be converted into whatever is backing it-- gold, wheat, land, shares in a corporation, etc. (The author is pointing out that only real things, such as gold, a house, etc. backs “money.” - JRD

Consider a mortgage. The mortgage is debt backed by the collateral of a house on a parcel of land. The house and land ‘back’ the new ‘money’ created when the mortgage is originated. When I pay off the mortgage, I'm converting my cash ‘money’ into what ‘backed’ the ‘money’: a house and parcel of land.

In other words, I converted cash into what ‘backed’ the money: a house. If gold ‘backs’ money, then it's only actually ‘backing’ money if I can convert my cash into gold, just as I can convert cash into a house by paying off the mortgage.”

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From Court-Packing To Leaking To Doxxing: White House Yields To National Rage Addiction

“It is a defining moment for his presidency that, even in the face of such a disgraceful and unethical act, the President cannot muster the courage to condemn it...”

“He then magnified that failure by refusing to condemn the doxing and targeting of justices and their families at their homes.

Here is the column:

Nearly 70 years ago, a little-known lawyer named Joseph Welch famously confronted Sen. Joseph McCarthy (D-Wis.) in defense of a young man hounded over alleged un-American views.

Welch told McCarthy that “I think I have never really gauged … your recklessness” before asking: “Have you no sense of decency, sir? At long last, have you left no sense of decency?”

It was a defining moment in American politics as Welch called out a politician who had abandoned any semblance of principle in the pursuit of political advantage. This week, the same scene played out in the White House with one striking difference: This was no Joseph Welch to be found.

After someone in the Supreme Court leaked a draft opinion in the case of Dobbs v. Jackson Women’s Health Organization, a virtual flash-mob formed around the court and its members demanding retributive justice. This included renewed calls for court “packing,” as well as the potential targeting of individual justices at their homes. Like the leaking of the opinion itself, the doxing of justices and their families is being treated as fair game in our age of rage.

(Progressives and liberals doing this. JRD)

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The extinction of species, Bill Gates, and the US military-Jon Rappoport

“There is a technology called gene drives.

It asks the question: what species should we make extinct today?

Why are Bill Gates and the US military involved in forwarding that technology?

A gene-drive scientist might say, “I have a plan. By manipulating genes, we can make invasive rodents extinct, on an island where humans are living.”

In the next fraction of a second, a flurry of questions pops up.

The overarching question is: Does this mean genetic manipulation can make ANY species extinct?

Here is a passage from Gene Drive Files, a site with a referenced information on the subject:”

(The people are playing God as Nimrod did in the Bible-JRD)

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Stock Panic Spreads To Credit: Goldman Halts CMBS Deal Due To Surging Market Volatility

“It's not about the quality of the collateral... it's about the credit market itself...”

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A (Brief) History Of Big Banks' Propaganda War On Bitcoin

“It’s no coincidence that as the greatest threat to banking, Bitcoin is constantly under fire from the industry and its beneficiaries...”

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