By Jim Willie CB,

Sometimes pictures are far more effective in communicating an important point. They are extremely effective in undermining respect and confidence, when in the cartoon format. A sequence of graphics struck the cognitive circuits recently. Long explanations will not serve well. The US Federal Reserve has been printing money since 2011 to cover USGovt debt securities in a frenetic manner. They have lost control. They call it stimulus, when it is actually the opposite. It does assist the speculators with nearly zero cost money to borrow, but one must be a club member to win loan grants. The Quantitative Easing programs are deceptive. When the program was initially announced, the Jackass claimed it would be part of an endless sequence. With QE1 and QE2 and Operation Twist and QE3, following the failed trial balloon called Taper Talk, it is quite clear to anyone with an active brain stem and absent rose colored glasses that the USFed is caught in a trap called QE to Infinity. It is not stimulative. Instead, the uncontrollable bond monetization causes capital destruction. It causes economic degradation. It causes lost jobs and vanished income. It is a gigantic wet blanket to smother and destroy the USEconomy slowly, amidst unending propaganda. QE is the device that will result in Systemic Failure, which is already flashing signals of its arrival.

Money Velocity continues to fall rapidly in both the USEconomy and that of Canada, reaching 50-year lows in the Untied States. The indication is failure in monetary policy, as hyper inflation has killed capital on an extensive basis. The capital destruction is in its fourth year, probably having reached critical mass. Compared and contrasted with fast rising money supply, the systemic failure is obvious to conclude. The exception is to morons, Wall Street junkies, Big Bank criminal elite, and USGovt hacks. The fast decline in Money Velocity means that it is not moving in the body economic. The reason is simple. The blood system is contaminated with the USDollar, a toxic currency with no backing in a hard asset. The new money is toxic currency under phenomenal debasement by its own steward, the USFed itself. They redouble their harmful policy instead of abandoning it.
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Let’s all rewind our minds 10 years. Picture it, 2004, where were you? Now re-read this article title…

Times have changed my friends. This is Bloomberg, mind you, not Infowars. The message is spreading, word is getting out. Present day nullification is in full effect. States are rallying around the calls of their constituents. Whether it is marijuana use or free market currency, people are demanding independence from tyranny. It is starting to go mainstream, and it is beautiful…

From Bloomberg…

Bitcoin and marijuana are among the issues on which Congress should provide clarity — though probably won’t this year — Rep. Jared Polis says.

“In general, it’s better for Congress to reasonably consider these things and provide a uniform statutory approach rather than a haphazard approach from the administration,” Polis, a Colorado Democrat, said at a Bloomberg Government breakfast in Washington today. “Whether that happens or not is more of a challenge; it’s a challenging environment for lawmaking.”

In the absence of congressional action, the rise of digital currencies such as bitcoin and state-legalized marijuana sales have forced federal regulators to try to apply laws enacted before their existence to nascent industries.

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Will Lehr of interviews Bix Weir of Join us for an in depth analysis of current events, including high frequency trading, bankster fraud, global currency reset, Putin, Volcker rule, bitcoin, and more. Bix makes a bombshell prediction on the creator of bitcoin.