SchwartzReport: Iceland to End Bank Money Creation?

Stephan A. Schwartz

Stephan A. Schwartz

I follow Iceland because like the Scandanavian countries it is one of the nations where the new wellness oriented policies are developing. This one is very dramatic and will change the world’s economy as it is more widely adopted. I don’t think it will happen in America because the banks have so many liegemen in the Congress, as Paul Krugman points out.

Iceland looks at ending boom and bust with radical money plan

Icelandic government suggests removing the power of commercial banks to create money and handing it to the central bank

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May 14

SchwartzReport: DNA of Poor Deteriorating — PBI: Is This Mass Genocide Against the Poor?

Stephan A. Schwartz

Stephan A. Schwartz

Some days, when I do SR by the time I am through  I just feel that with the level of stupidity and greed that pervades our culture we don’t deserve to survive, and probably won’t. This is one of those stories.

Scientists Find Alarming Deterioration In DNA Of The Urban Poor

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May 10

Owl: TPP A Coup, 23-Count Indictment of TPP as High Crimes and Misdemeanors, UnConstitutional, What’s Not to Like?

Who?  Who?

Who? Who?

TPP: A Bloodless Coup Imposing Tyranny May be Near Upon Us [2015]

Richard Martin, an Internet financial radio pundit, sent the text below, written by Joe Firestone, to those on his email list. Note Martin’s key take-away comment on this text:

The governing functions of the TPP regime would not be exercised with the consent of the governed. The combination of the vague definition of “investment,” the ISDS criminogenic tribunals, and the elevation of the principle of “expectation of profits” above the principles of “public purpose,” “consent of the governed,” and “separation of powers,” is tantamount to the overthrow of democracy, preserving its form in national level elections, but emptying its elections of meaningful content in mandating change and conferring legitimacy on national authorities. And, further, the ISDS tribunals if in operation, would not exercise just powers, but only illegitimate power derived from the TPP agreement itself, negotiated in secret, passed without benefit of open debate based on the secret text of the TPP, and intended to remain secret for years after the TPP is signed. That makes TPP decision making, performed without the consent of the governed, tyranny, and makes those who want to pass the TPP guilty of conspiracy to create tyrannical rule of the few over the people of the United States and other TPP member nations.”

The 23-Count Indictment Of The TPP [2012]

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Apr 29

SchwartzReport: USA Jailing the Poor for Profit

Stephan A. Schwartz

Stephan A. Schwartz

There was a time when the American legal system was considered the benchmark for the world. Those days are long gone. The American gulag today and the courts and law enforcement agencies that service it constitute an octopus of the state that might described by Kafka on acid.  In the United States if you are an ivy league graduate and work for the right financial institution you can weasel billions from fixed income grandmothers with no fear of being held accountable.  If you are Black or Hispanic, and particularly if you are poor, however, any touch by one of the suckers of the octopus, and you are doomed. We manufacture criminals in the United States. Like cars they are created in the factories of the prison system. And they are needed, like terrorists, because they justify the expenditure of billions upon billions, producing profits made by a tiny faction of the population. There is a reason we have five per cent of the world’s population, but twenty five per cent of the world’s prisoners.

Lawsuits Show Gov. Contractors Intentionally Jailing The Poor For Profit

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Apr 26