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the great reset

friday, december 10th, 2021

This story is about money and an alarming paper by Biden’s commie nominee, Saule Omarova. For quite a while, we’ve been all discussing different aspects of the Great Reset and the treacherous plan to use the “happy” language of “public good” and “sustainable development” to push through an all-encompassing power grab by the largest institutional investors and the richest people of the world.

{FULL TITLE: "The Great Reset: A Complete Overhaul of the U.S. Financial System Is No Longer a ‘Conspiracy Theory’"]

The end result of the power grab would be a fully mechanized society where the citizens’ bodies and minds are invaded by tech, managed by AI, and ultimately serve the financial and emotional interests of the self-appointed mad priests of the new normal. (And yes, they are mad.)

To our chagrin, the great resetters want to control our existence completely. They want to control our diets, our thoughts, and our sexuality. They want to control our feelings and relationships. And sure as hell, they want to control our money. The financial component of the Great Reset is at the foundation of how they hope to get from here to their mechanical dystopia.

The Financial Aspect of The Great Reset

This topic of finance in the light of this attempted reform has been explored by a number of great researchers and investigative journalists who have spoken and written about it very eloquently over the years. For example, here is a great conversation between Whitney Webb and John Titus called, “COVID-19 and Central Bank Digital Slavery.” Both of them have done pioneering research on the topic.

The Left is coming for Our Rights.

A core expert on the financial aspects of the Great Reset is Catherine Austin Fitts who was recently interviewed by Mercola on this very topic. In the interview, Catherine Austin Fitts pointed out that the aggressively promoted vaccine passports are connected to the attempted financial restructuring:

“If they get the passports, then I would argue, as a practical matter, we lose our ability to stop the Central Bank Digital Currencies. So, whatever we do, we need to stop the passports. The passports give them the kind of control they need of the digital and financial transactions that then leads into the CBDCs.” I also recently wrote about the Digital Financial Complex and Ernst Wolf:

“Wolff points out that currently, entities like BlackRock, Vanguard, and State Street Corporation hold more financial power than many governments —- and hence, they have the ability to dictate their will to governments convincingly.

According to him, the destruction of the traditional Western social fabric and small businesses is intentional, and the purpose of the destruction is to create enough momentum in the form of desperation and impoverishment that when the central banks roll out the new financial system, the citizens will see it as a solution to horrible problems —- as opposed to a new system that somebody wanted to roll out to begin with.

“Per Wolff, the desired end result of the financial reform looks like this: Cash is out. Banks are we know them are out. All money is digital and transparent. Central banks generate digital money at will, as much as they want. Every citizen has one and only bank account, which is an account with a central bank.

Money is programmable, and our spending is not free-form, i.e. certain chunks of our money can be assigned for specific purposes, or we can only spend it in certain places, or we may be allowed to only buy certain types of food, etc. etc. Taxation’s easy. Censorship is easy. Fining people for bad behavior is easy.”

Very interesting analysis titled, “The Great Reset is a Social Carbon Credit Economy!” was published by Joseph Gonzalez, a game developer and a combat veteran with a lot of knowledge about blockchain and its role in the 4IR model.

An Alarming Paper by Biden’s Nominee Saule Omarova

In that context, it is critical that we pay attention to the striking legal paper published last month in the Vanderbilt Law Review by Saule Omarova, Biden’s nominee to lead the Office of the Comptroller of the Currency (OCC).

What is OCC? The Office of the Comptroller of the Currency (OCC) is a bureau of the U.S. Department of the Treasury that charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks. They are the “primary regulator of banks chartered under the National Bank Act and federal savings associations chartered under the Home Owners’ Loan Act.”

Who is Saule Omarova? Saule Omarova is a Kazakh-born Cornell University law professor who on November 2 was formally nominated to lead OCC by the Biden administration. Prior to 2014, Omarova was an Associate Professor at the University of North Carolina School of Law.

And before that, “she worked for the corporate law firm, Davis Polk & Wardwell, in their Financial Institutions Group. In 2006-2007, she served at the U.S. Department of the Treasury as a Special Advisor for Regulatory Policy to the Under Secretary for Domestic Finance.”

The paper is provocatively titled, “The People’s Ledger: How to Democratize Money and Finance the Economy.” It starts with the following intro:

“The COVID-19 crisis underscored the urgency of digitizing sovereign money and ensuring universal access to banking services. It pushed two related ideas —- the issuance of central bank digital currency and the provision of retail deposit accounts by central banks —- to the forefront of the public policy debate.

To date, however, the debate has not produced a coherent vision of how democratizing access to central bank money would —- and should —- transform and democratize the entire financial system.

This lack of a systemic perspective obscures the enormity of the challenge and dilutes our ability to tackle it. This Article takes up that challenge. It offers a blueprint for a comprehensive restructuring of the central bank balance sheet as the basis for redesigning the core architecture of modern finance.

Focusing on the U.S. Federal Reserve System (“the Fed”), the Article outlines a series of structural reforms that would radically redefine the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a democratic economy —- the People’s Ledger.”

Omarova’s thinking about finance is on the radical side. She seems to dislike Wall Street — which is fair — but then she also seems to believe that the central banks are our saviors. And while I agree with her assessment from an earlier interview that banks are “a**holes,” I also believe that her proposed solution to give all the control to central banks would hand the power not to the people — but to even bigger “a**holes,” while making a weird assumption that they are serving the people.

The “a**holes” theme comes from a documentary called, “A**holes: A Theory” (see this livestream with Omarova being interviewed at 34:16). What is also very enlightening to the understanding of her paper is a comment by her colleague at Cornell University, Professor Robert Hockett, who talks about “a**hole behavior” in finance and then states that central banks can be a “collective agent” to “regulate” it.

I think one has to have a lot of imagination to imagine central banks as protectors of peasants but that is none the less the belief they seem to espouse.

This kind of linguistic juggling —- sincere or not —- is a method that I am very familiar from my former homeland, the USSR. And no, I am not saying that the Great Reset is “communist,” or that Omarova is —- I think that the entire thing is not about isms at all, and Omarova might mean well, albeit in a weird and dangerous way.

What I am saying though is that my former Soviet homeland has greatly perfected the method of masking abusive state practices with the fuzzy language about “the dignity of all workers,” and that I am alert to it. And just like the language of “worker dignity” was a lie in my Soviet childhood, it is an obvious lie in the context of the Great Reset.

What I suspect is going on here on the psychological level —- I am merely guessing —- is a combination of traditional opportunism and a sincere, deep, Soviet-rooted moral desire for theoretical “justice.”

Does she sincerely believe in the “sustainable rhetoric” or does she merely say what needs to be said to move ahead in the current insane and somewhat Soviet-like environment? I don’t know, but I would like to repeat what I said back in January, and stress that it applies to all bankers, including the central ones:

For all those reasons, I find her recent legal paper completely horrifying as it pretty much describes the mother of all conspiracy theories —- the conspiracy theory saying that we are currently going through a reform whose true purpose is to move all our money to central banks, make it digital, and allow the central banks to freeze people’s accounts.

The paper is 69 pages long. It was written about in detail by Wallstreet on Parade, which pointed out that Omarova’s proposed reform includes the following:

  1. Moving all commercial bank deposits from commercial banks to so-called FedAccounts at the Federal Reserve;
  2. Allowing the Fed, in “extreme and rare circumstances, when the Fed is unable to control inflation by raising interest rates,” to confiscate deposits from these FedAccounts in order to tighten monetary policy;
  3. Allowing the most Wall Street-conflicted regional Fed bank in the country, the New York Fed, when there are “rises in market value at rates suggestive of a bubble trend,” such as with technology stocks today, to “short these securities, thereby putting downward pressure on their prices”;
  4. Eliminate the Federal Deposit Insurance Corporation (FDIC) that insures bank deposits;
  5. Consolidate all bank regulatory functions at the OCC –- which Omarova has been nominated to head.

And here is what Omarova’s paper has to say about freezing people’s money in case of an “emergency”:

“If and when the Fed injects monetary base into the system, each reserve sub-account would be credited with the appropriate “helicoptered” amount. If and when the Fed seeks to drain money from the system, the appropriate amount would be transferred from the transaction sub-account to the same holder’s reserve sub-account, where it would be effectively escrowed until the Fed ends its tightening policies.

These temporarily “reserved” funds would pay a higher interest than the regular interest paid by the Fed on money held in transaction sub-accounts. Importantly, raising this reserve interest rate would enable the Fed to incentivize depositors to move more of their money from transaction into reserve sub-accounts voluntarily.

Strategic use of this tool, therefore, may decrease the need for the mandatory “reserving” of people’s money, which would also help to counteract negative perceptions of this policy.142 In effect, the tightening of the money supply would be achieved through a compulsory but economically attractive investment scheme.”

For a bit of context, please see this 2018 IBM paper titled, “Programmable Money: Will Central Banks Take the Lead?” The IBM paper states: “The future of programmable money is dawning. While blockchain adoption is still in a formative stage, it offers tremendous potential to revolutionize the global financial system. No place on earth will be out of reach.”

For more context, here is the head of the Bank for International Settlements and his notorious speech about programmable currency in which he complains that with cash, they don’t know who is using the money and how —- while with CBDC, central banks will have “absolute control over the rules and regulations that will determine the use of that expression of central bank liability and also -- have the technology to enforce that.”

This man sounds and looks like a definite friend of the peasants. A poster child for protectors of the working people! We can relax, believe our leaders that the passports are about our health, and entrusts ourselves to people like this… or maybe not? I would like to finish this story with words by Catherine Austin Fitts:

“If we’re going to get out of this one, we need to just say no and refuse to go into the box.” There are more or us than there are of them. No box for the free people.

© 11.20.2021 by Tessa Lena, "Economy".

[JS -- This Saule Omarova bitch is a commie/fascist/socialist/leftist skank stooge, who wants to control all our hard-earned monies and funds. She must NEVER be allowed to hold public office, since she will take the lead in destroying America, as we've known and loved it. Believe me on this point! She belongs against a stone wall, in front of a firing squad. I'd volunteer.]

A Day In The Life.

Up at 8:30a on Friday, I went thru my finger stick to check my BSL (Blood Sugar Level) and recorded it on my Diabetes 2 chart, made Kona 'Volcanic Estate' Hawaiian Coffee, had a couple smokes in the semi-cool garage and checked the leftover errands list. It was a "balmy" 43° outside, so I fired-up the furnace, office-sunroom and garage heaters. After breakfast, I listened to the "Chris Plante Show" for a while, and mulled over whether to go to the New Eastern Market and get a few things. Sure thing.

Think of how stupid the average person is, and then realize that half of them are stupider than that.

By 11a, it was 50° and rising, so it mighht turn out to be a decent day, despite the cloud cover. I drove over to Becky's and helped her with a couple things, then went to Eastern Market to get a couple things for my 'fridge. It was chaos over there, as usual, with unbelievable traffic congestion. Back home at 12:30p, I had a Grilled Cheese w/ Ham Sandwich & Potato Salad for lunch, and grabbed a 4hr snooze on the LR couch. It was dark when I woke-up, so I closed-up the condo, turned-on the Christmas lights, and fired-up the furnace from 68° to 76°, as I like to sleep in the cool.

After Herbed Flounder with Hollandaise Glazed Asparagus for dinner, I skipped Fox News' "Tucker" -- read this and understand why -- instead, watched Discovery's "Gold Rush" until 9, then switched to "Mecum Auto Auctions" until 11, and watched "Gutfeld" until midnight. Lights out. Busy day tomorrow.

Awake at 5:15a on Saturday, I managed to go back to sleep until 6:30 or so, and got up to a 39° and cloudy day. I would have liked to sleep-in until 8-9, but that wasn't happening. I fired-up the furnace, went thru my usual morning routines, and checked the weather and news. My Sciatica Nerve pain was raging, so I took a 10mg Valium, had some Kona Coffee, an English Muffin w/ sugar-free Strawberry Preserves, and that helped a little, but I had to use ny cane to walk, for fear my right leg might buckle-out from under me. And that wouldn't be a good thing when walking. I don't "bounce" like I used to, 25-30yrs ago.

It was a bright, cold day in December, and the clocks were striking 13.

Heh, Hawaii's getting 10-12" of snow and 100mph winds. Merry Christmas indigenous lowlife, White American-hating scumbags!

After paperwork in the morning, Lee stopped by to picke me up and go to lunch at The First Post, just a few miles away. Great lunch, and I was back home by 2:30p, and grabbed a 2hr snooze on theh couch. After having 3 Tangueray & Tonics with my lunch -- I wasn't driving -- I wasn't feeling any pain, so it was easy to fall asleep. It was getting dark when I woke-up, so I moved the 2019 Jeep Grand Cherokee V8 HEMI inside the garage for the night, and finished-up some condo chores, including a load of flannel beedsheets.

After a Ham Sandwich w/ Sauerkraut on Pumpernickel Swirl w/ Chips for dinner, I settled-in for some TV: Discovery's "Expedition Unknown" until FNC's "Watter's World" until midnight, and then I unplugged. The penultimate F-1 Grand Prix from Saudi Arabia is on tomorrow from 12:30 -- 2:30p, and I'll be in my usual chair, watching. And more laundry to do.

Awake at 3:35a on Sunday morning, I stumbled downstairs, got a 10mg Valium, and went back to sleep until 9a. Groggily, I made coffee after the finger stick, had a croissant w/ butter and strawberry preserves, a couple smokes in the heating-up garage. It was 34°, and fired-up the furnace to 78°, and the and office-sunroom heater to high. I grabbed my usual morning shower, applied the CBD Ointment to my hurting right shoulder, and the Sciatica had subsided as a result of the hot shower so I took a 10mg Oxycodone. It'll be back, no doubt.

The Saudi Arabia F-1 Grand Prix was on from 12:30--2:30p, so I did some paperwork, until the qualifying round came on ESPN, and then got set for 2hrs of racing, while doing two loads of laundry. Good rae, full of yellow and red flags, crashes and track debris. Oh well. it is what it was.

After the race, I finished-up laundry and some other chores, watched Discovery's "Homestead Rescue" and Motor Trend's "Mecum Auto Auctions" as temps began dropping around 4p, and as dusk set-in. It would be dark in under 30mins. After Crab-Filled Ravioli for dinner, I kept watching TV until 10p, when I started nodding-off. Lights out.

I slept-in until 9:30a on Monday, a "balmy" 51°, cloudy with a light rain passing thru the York area. I had a lot of pain on my R/S buttock/hip and calf, so I took a 10mg Oxycodone and just had Kona Coffee. Being without pain felt so good. I listened to parts of the "Chris Plante Show", and then did a few errands. Back home by 12:30, I had the rest of the 2lbs of Steamed & Seasoned Shrimp (16-20 ct) w/ Shrimp Cocktail Sauce and Old Bay, and did some condo chores.

High for the day was 62°, but cold weather and 1-2" of snow are coming over the next 2-3 days. Swell. I had a 2hr snooze on the LR couch, made dinner and watched some TV untill 11p, and bagged it for the night.

I again slept-in until 10a on Tuesday, December 7th, the 80 year anniversary of the Japanese attack on Pearl Harbor. After a croissant and red raspberyy preserves for breakfast, I had Kona Coffee while listening to the last 2hrs of the "Chris Plante Show", and checked the weather and news. Now, it's "little or no accumulation" for the previously-forecast 1-2" snow tomorrow. Oh well. I skipped lunch, took a 3hr snooze on the couch, until UPS made a delivery and rang the doorbell. I was awake again.

Good deal! The commie/socialist/marxist dirtbag bitch filth, Saule Omarova, who shit-for-brains Biden nominated to lead the Office of the Comptroller of the Currency (OCC), pulled herself from consideration in a letter potato-head Biden released Tuesday, calling her nomination “untenable”. Good riddance, commie asshole skank.

I skipped dinner -- now doing some fasting to lower weight (170lbs) and BSL (Blood Sugar Level 125)) -- so I kept listening to the "Chris Plante Show" podcasts until 6p, when some decent TV came on. I watched until "Gutfeld" was over at 12midnight, and crashed for the night.

Mecum Auto Auctions

I slept-in until 10a on Wednesday, saw the snow flurries when I got up to make coffee, have a croissant and strawberry preserves for breakfast, listened to the last 2hrs of the "Chris Plante Show", and checked the weather and news. Some homeless scumbag burned down the Fox News Plaza 50ft Christmas Tree, and they caught him. I had several errand to do, plus some food shopping, so I left at 1p, to get those done. Back home by 2:30, I unpacked and looked at all the recyclable boxes and bins I had to take out tomorrow. A LOT of them.

I warmed-up some leftove morning Kona Coffee, and lisatened to the last 30mins of the "Dan Bongino Show", before I could get to the first hour of the "Chris Plante Show", which I'd missed. After dinner, I watched Motor Trend's "Mecum Auto Auctions" until 10p, and called it Yankee Doodle, for the night.

Up at 6a, I made coffee, and with a bitter 25° outside, fired-up the furnace, had a croissant (yes, I like them) with poached eggs for breakfast, a couple smokes in the cold garage, and got ready for my cleaning lady to arrive at 8:30a. She did, as usual. I vacuumed-out the Jeep, which needed it. Then, I spent 2hrs on the LR couch sleeping, while JoAnne cleaned. I left at 12:30p to meet my friend for lunch at Victor's, in the old, converted church, here in East York. Great food and atmosphere.

Well, so much for Victor's; it was now closed for lunches, due to the drop in the lunch trade business from Covid-29, but still open for dinner, so we went elsewhere. We drove down to Mod Pizza in East York, and I had a 14" cheese pizza; ate the whole damned thing. Good pizza!

Lee had some business calls to return, so he headed home to his office to hopefully get some business from the callers, and I went home to get a couple hour snooze on the LR couch. High for the day was a mere 39°. After getting the garbage and a mountain of boxes/recyclables ready for taking out to the curb for morning p/u, I took that nap. Dark by 4:15p now, I finished-up some condo chores, skipped dinner since I was still full from that 14" cheese pizzaa I had for lunch. I watched TV until 10:30, and then gave it up for the evening.

Tomorrow starts a new week here in the "Journal".

The Sinister Nature of Electric Cars.

The Democrats are doing everything they can to get Americans into electric cars. However, those cars come with the risk of a serious loss of power—not just for the car but for those who buy those cars.

We have to begin with asking why is the governing pushing electric vehicles? And it’s not just cars, it’s also trucks. Why are they ignoring hybrid vehicles? If something happens to the electric guts of a properly designed hybrid car, the vehicle can limp along with its smaller gas engine until it reaches safety. What happens to a fully electric vehicle if its electrical system fails? Nothing, of course! You’re stuck. All you have is a hunk of metal and plastic. And if you run out of electricity while driving, you can’t just get a gallon gas can to fill the tank until you get to the nearest service station. Again, you’re stuck.

The next question is, “Are electric cars cheaper than gas cars?” No, they cannot be cheaper, and that’s even if you run them on renewables. Take solar energy, for example. Even if sunlight is free, the laws of thermodynamics still control.

Every time energy changes form, there is a loss factor. Sunlight impinging on solar cells only changes 14-47% of the energy to electricity. The forty-seven percent figure is state-of-the-art, so it is not available for everyday use.

Electricity is then stored in chemical-based car batteries (with a loss). And then chemical energy is reconverted back to electricity (with a loss) and finally to mechanical energy where the tire rubber meets the road (with a loss). At a guess, not more than 5% of the original sun power turns the wheels of an EV car. That’s awful. What this means is that it is more efficient to run a gas-powered vehicle.

You can do similar analyses with other renewables, whether wind or water power. They simply aren’t efficient.

Moreover, renewables are available intermittently (when the sun shines, the wind blows, or the water flows). Because we want to drive when those power sources aren’t immediately available, we will have to store excess sunlight in chemicals or in other ways, always remembering that storage and later reconversion is never free. And of course, we will always have to maintain fossil fuel backup plants in case of renewables’ failure.

This energy loss is not a secret. Smart people know about energy losses. Why, then, do so many favor a less efficient mode of transportation?

This analysis begins by recognizing that these smart people are fully aware of the above two points; namely, that fully-electric vehicles are a riskier transport system compared to hybrids and renewable power is a less efficient use of limited energy resources than gasoline.

Given this information, it is time for our conspiracy theory. By favoring a transportation system that can fail at a single point, we confer upon those in power the ability to shut down an entire civilization. And even if they don’t completely shut it down, the price of electricity will be centrally controlled, allowing a chokehold on all the people all of the time.

Redundancy is more expensive than efficiency, but redundancy at least leaves options. With our advanced understanding of complex systems today, no engineer would knowingly structure a system where failure at a single point makes everything inoperative for the foreseeable future. One broken gear in a clock makes it useless for its purpose, but we can buy another clock. Remaking a resilient transportation system is a Herculean task.

The proper conclusion here is that society, meaning each and every one of us, should fight like hell before we allow such catastrophic vulnerabilities to be built into our future. One EMP explosion will eliminate most of the affected population within six months—and it won’t be pleasant. Starvation is a particularly nasty way to end our days. And all the time we are starving to death, we’ll have time to think how stupid we were to allow such things to be done to us.

Why would anyone trust the government to look after our welfare? Just don’t do it. Just don’t allow it! Just say no to EVs! Long live carburetors!

© 12.2.2021 by Jerold Levoritz, "American Thinker".

[JS: EVs run on electricity generated by coal- and gas-fired plants, and in some cases, nuke plants. But ask a mentally-ill leftist, eco-wacko scumbag where the electricity comes from, and they say, "The wall outlet". Un-fricking believeable. Windmills and solar panels account for just under 6% of America's power grid output. Pathetic crap, both. So-called "green energy" is another passing fad, as it was from 1896 -- 1908; then it rightly disappeared. Instead of taking lessons from past failures, we're spending TRILLIONS on that idiotic crap. Sure makes sense to me...]

12 US Cities Set Records for Annual Homicides.

At least 12 major U.S. cities already have set annual homicide records with three weeks remaining in 2021.

Chicago led the nation with 739 homicides as of the end of November. That's up 3% from 2020, according to Chicago Police Department crime data, but well short of the city's 974 homicides in 1970.

ABC News reported that Philadelphia, a city of roughly 1.5 million people, has had more homicides (521 as of Dec. 6) than the nation's two largest cities, New York (443 as of Dec. 5) and Los Angeles (352 as of Nov. 27).

In setting a record for homicides in one year, Philadelphia has seen an increase of 13% from 2020, a year that nearly broke its 1990 mark of 500 homicides.

"It's terrible to every morning get up and have to go look at the numbers and then look at the news and see the stories. It's just crazy. It's just crazy and this needs to stop," Philadelphia Mayor Jim Kenney said, ABC News reported.

Columbus, Ohio, Indianapolis, and Louisville also set homicide records the same week as Philadelphia.

Other major cities that have surpassed yearly homicide records include St. Paul, Minnesota; Portland, Oregon; Tucson, Arizona; Toledo, Ohio; Baton Rouge, Louisiana; Austin, Texas; Rochester, New York; and Albuquerque, New Mexico.

Of the cities that have set records for killings, five topped numbers set or tied in 2020.

"The community has to get fed up," Capt. Frank Umbrino, of the Rochester Police Department, said at a news conference after his city broke its 30-year-old record on Nov. 11. "We're extremely frustrated. It has to stop. I mean, it's worse than a war zone around here lately."

Milwaukee and Minneapolis were among cities close to setting homicide records. Milwaukee’s 178 homicides were 12 short of the city’s record set in 2020. Minneapolis’ 91 homicides were six shy of a record set in 1995.

Several factors likely have contributed to the rise in serious crime around the country. A decrease in police presence due to the defund the police movement, the COVID pandemic, and vaccine mandates have helped create an environment conducive to major crime.

The Oakland City Council, a longtime leader in the Black Lives Matter movement to cut police funding, reversed course Tuesday and voted to hire more officers as it grapples with a surge in homicides and gun violence.

Robert Boyce, retired chief of detectives for the New York Police Department, told ABC that one national crime statistic stood out to him.

"Nobody’s getting arrested anymore," Boyce said. "People are getting picked up for gun possession and they're just let out over and over again."

© 12.2.2021 by Charlie McCarthy, "Newsmax".

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