Tag Archives: War

The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!

fractional reserve banking II

The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations, many of which were enacted in the wake of the 2008 financial crisis.  The report is in response to Executive Order 13772 in which the US Treasury Department is to provide findings “examining the United States’ financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief.”*

In release of the first phase of the report, Treasury Secretary Steven T. Mnuchin stated: “Properly structuring regulation of the U.S. financial system is critical to achieve the administration’s goal of sustained economic growth and to create opportunities for all Americans to benefit from a stronger economy.  We are focused on encouraging a market environment where consumers have more choices, access to capital and safe loan products – while ensuring taxpayer-funded bailouts are truly a thing of the past.”**

Some of its highlights include:

  • Community financial institutions – banks and credit unions – are critically important to serve many Americans
  • Capital, liquidity and leverage rules can be simplified to increase the flow of credit
  • We must ensure our banks are globally competitive
  • Improving market liquidity is critical for the U.S. economy
  • The Consumer Financial Protection Bureau must be reformed
  • Regulations need to be better tailored, more efficient and effective
  • Congress should review the organization and mandates of the independent banking regulators to improve accountability***

 

Not surprisingly, most of the banking industry expressed support for the report, critics (mostly Democrats) pointed out that it would lead to the type of practices that produced the 2008 panic in the first place.  Both opponents and those in favor as well as the clueless financial press fail to grasp the underlying cause of not only the recent crisis, but the majority of those which have occurred for the past century.

Quite simply: the fundamental cause of the 2008 financial crisis was fractional-reserve banking (FRB).  FRB is the practice whereby banks keep a “fraction” of the funds deposited by customers in their vaults lending out the rest at interest and “profit.”  Banks are thus inherently unstable since if all depositors came at once and demanded their money (a “bank run”), banks could not be able to redeem their deposits.  Moreover, FRB encourages banks to engage in exceedingly speculative and risky behavior which creates unsustainable bubbles throughout the economy.

The nation’s central bank, the Federal Reserve, was created by the banksters and politicos to enshrine this immoral and economically ruinous practice into the heart of the American financial landscape.  Any “reform” of Wall Street’s financial practices that does not address FRB by doing away with it and the institution (the Fed) which enables it to exist, is doomed.

The banks in collusion with the Fed are able to expand the money supply through this process while enriching the banksters’ balance sheet.  On the macro level, the creation of money through FRB is the genesis of the destructive boom-bust cycle.

This is why banks and the entire financial system are so prone to reoccurring crisis and no regulation, reform, or Treasury Department “findings,” can make such a system “stable.”  The only true reform is to abolish FRB and establish a monetary order that requires all financial institutions to keep 100% reserves of depositors’ assets.

The Treasury Department’s recommendations are mere window dressing by the very banksters whose opulent livelihoods are predicated on FRB.

The elimination of FRB would go beyond a beneficial financial revolution, but would affect the foreign policy of the USSA.  Without the ability to create money via FRB, the murderous American Empire could simply not exist, nor would the nation’s draconian domestic security state.

With his selection of crony capitalists and members of Goldman Sachs to his economic team, it is apparent that President Trump does not understand the true nature of the nation’s financial woes or what precipitated the last financial crisis and what will assuredly lead to a far bigger mess down the road.  If he did, his next Executive Order would be to implement steps and procedures to eliminate the scourge of fractional reserve banking forever.

*U.S. Department of the Treasury, “A Financial System That Creates Economic Opportunities.”  6 June 2017.  https://www.treasury.gov/press-center/press-releases/Pages/sm0106.aspx

**Ibid.

***Ibid.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

On the Commemoration of World War I: From Woodrow Wilson to Donald Trump

Trump - Wilson

It is altogether fitting that the US attack on a Syrian airport, the dropping of a MOAB on defenseless Afghanistan, and the potential outbreak of nuclear war with North Korea have all come in the very month one hundred years earlier that an American president led the nation on its road to empire.  President Trump’s aggressive actions and all of America’s previous imperialistic endeavors can ultimately be traced to Woodrow Wilson’s disastrous decision to bring the country into the First World War on April 6, 1917.

This month, therefore, should be one of national mourning for the decision to enter that horrific conflict changed America and, for that matter, the world for the worse.

Had the US remained neutral, the war would most likely have come to a far quicker and more politically palatable conclusion, however, the entry of America on the Entente side prolonged the conflict and extended its economic and political destruction to such a degree that the Old Order could not be put back together again.  The great dynasties (Germany, Russia, and especially Austria) were ruthlessly dismantled at the conclusion of WWI by the explicit designs of Wilson which left a power vacuum across Central Europe.  The vacuum, of course, was filled by the various collectivist “isms” which produced the landscape for another global conflagration even greater than WWI.

For America, after a brief revival of isolationism and non-interventionist sentiment throughout the land, the country, led by another ruthless and power-mad chief executive, provoked and schemed its way into the second general European war within a generation, this time via “the backdoor” with Japan.  A second US intervention, making the war global, could not have come about had there been no WWI, or if that war had ended on better terms.

After the Second World War, the US emerged as the world’s dominant power with bases across the globe and entered into a string of never ending hot and cold wars, regime changes, destabilizations, assassinations, bombings, blockades, and economic sanctions that have continued to this very day and hour.  Quickly after the war’s conclusion, the American media, academia, and the security and military industrial complex had to invent the myth that the Soviet Union and the US were of equal military might which turned out to be a blatant lie.  After being decimated in WWII and its adherence to unworkable and economic destructive socialistic planning, the Soviet Union could never produce the wealth necessary to maintain a global empire as the US did, and still does.  The “Soviet threat” was always a ruse to get gullible Americans to vote for and support greater and greater “defense” spending.

Besides Ron Paul and to a far lesser extent his son, Donald Trump was the only viable candidate who spoke of taking a new, less interventionist foreign policy which is why he was able to garner so much support from millions of empire-weary Americans during the presidential campaign.  He rightly called the Iraqi War a “disaster,” spoke of getting along with Russia, and the US’s commitment to NATO should be rethought, among other refreshing comments on foreign affairs.

In one of the most memorable and hopeful passages of his Inaugural Address, the new president championed non-intervention abroad:

We will seek friendship and goodwill with the nations of the world, but we do so with the understanding that it is the right of all nations to put their own interests first. We do not seek to impose our way of life on anyone, but rather to let it shine as an example. We will shine for everyone to follow.

Unlike Ron Paul, however, Trump had no grounding in a true America First foreign policy.  While critical of his predecessors’ foreign policy decisions, Trump was not opposed philosophically to the US Empire or saw it as the greatest threat to world peace which currently exists.

Without an ideological basis against American globalism, Trump was easy pickings against the threats and machinations of the Deep State.  Without a refutation of the ideology which drove Wilson and all of his successors to promote military adventurism abroad, Trump will be little different than his imperial predecessors and with a personality that is thin-skinned, impulsive and unpredictable, Trump could, God forbid, become another Woodrow Wilson.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

The Cost of a Trump Presidency

Syrian Bombing

Last Thursday’s wanton attack on a Syrian air field by the US and its bellicose actions toward North Korea have brought to the forefront the real cost of candidate Trump’s landslide victory last November.

Unlike most laymen, accountants, and financial analysts, economists look at cost differently.  For economists, cost or more specifically, “opportunity cost,” means “a benefit that a person could have received, but gave up, to take another course of action.  Stated differently, opportunity cost represents an alternative given up when a decision is made.”

Such thinking can be roughly applied to the political realm.  In the case of last fall’s US Presidential election, the cost of Donald Trump’s unexpected victory was not the money spent on the campaign, but the diffusion (hopefully, only temporary) of the growing anti-Establishment groundswell that was percolating not only in America, but across the globe.

The Trump phenomenon, Brexit, Texas secession talk, anti-immigration gatherings, central bank scrutiny, the exposure and decline of the lying, dominant mass media, and other populist movements and causes were symptoms of the masses dissatisfaction with their exploitation by the ruling elites. Trump’s triumph has squashed and defused many of these populist uprisings since a number of his campaign themes empathized with these trends.

A similar situation occurred after Ronald Reagan’s victory in the 1980 election as the great anti-government wave, which swept him into power, dried up almost immediately since Ronnie was perceived as “one of us.”  Of course, Reagan was a disaster and fulfilled none of his anti-government campaign rhetoric, but instead went on to become, for a time, the biggest Presidential spender in US history.

A Clinton victory, although certainly tyrannical in the short run, would have, no doubt, furthered the anti-Establishment fires and inspired more.  For example, Texas may be now on the road to independence from the Federal Leviathan.

The ills that plague the US and, for that matter, the Western world, will not be solved through a Trump Presidency in “making America great again,” but will only come about through political decentralization and the abolition of central banking with a return to sound money.  Concomitant with political decentralization and secession is military contraction, as smaller political jurisdictions will have lesser pools of wealth to tap from while the absence of an inflationary central bank will make military adventurism extremely difficult to conduct.

Yet, before such a transformation can take place, an ideological foundation must first be established.  A Hillary Clinton Administration would have provided fertile ground for such change.

Since the groundwork for a depoliticized world has not been laid, a Trump Presidency made sense as long as he kept as close as possible to his campaign agenda, the most important of which was foreign policy.  His condemnation of the neocons’ policies which have bankrupted the nation, murdered thousands of innocents abroad, and heighten tensions everywhere was crucial in his shocking victory last November.  It is apparent that he did not understand how important this support was or he would have never undertaken such an utterly stupid decision.

With the strike on Syria and seemingly more military action in the offering, Trump’s Presidency is now the worst of all possible worlds, at least in the short run, for those opposed to the New World Order.  Most serious observers, however, understood, especially after the appointment of so many Goldman Sachs cretins, Israeli Firsters, and nutty warmongers to his administration, that Trump would eventually succumb to the pressure.  More importantly, Trump was never fully grounded in an America First mindset, probably not knowing where that term originated or its gallant founders.

All, however, is not lost.

Trump’s capitulation makes it abundantly clear that the system itself is beyond repair.  Getting the right individual to salvage the American welfare/warfare state cannot be done.  Trump had many advantages that no future candidate will likely possess which means that anybody that follows will be an “insider.”  Much of his base, therefore, will no longer support a future Republican candidate or will give him only lukewarm support .  With no independent personality to rally around, the millions of disappointed Trumpians will seek new governing paradigms which hopefully will lead to the growth of secession movements.

Ultimately, however, a permanent American foreign policy of non intervention, peace, and free trade will only come about when there is a change in the prevailing ideology of society where all contenders for political office espouse such a notion and today’s warmongers are seen for what they are: enemies of humanity and its Creator.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

The American Empire and Economic Collapse

American Empire Collapse

Despite the widespread hope among libertarians, classical liberals, non-interventionists, progressive peaceniks, and all those opposed to the US Empire that it may have some of its murderous reins pulled in with the election of Donald Trump, it appears that such optimism has now been dashed.  While the hope for a less meddlesome US foreign policy is not completely extinguished and would never have existed had the Wicked Witch of Chappaqua been elected, a number of President Trump’s foreign policy actions, so far, have been little different than his recent predecessors.

President Trump’s biggest blunder was his acquiesce to the Deep State’s coup of General Michael Flynn, the most Russian friendly among Trump’s foreign policy entourage.  Since Flynn’s abrupt departure, there has been little talk of a rapprochement with Russia, but instead there has been continued saber rattling by the war mongers that Trump has, unfortunately, chosen to surround himself with.

The most recent Russian badgering has come from Secretary of Defense, James “Mad Dog” Mattis who wrongly accused it of “bad behavior:” “Russia’s violations of international law are now a matter of record from what happened with Crimea to other aspects of their behavior in mucking around other people’s elections and that sort of thing.”* Of course, the US has never tried to influence the outcomes of elections or “mucked around” in the affairs of sovereign countries, heaven forbid!

While candidate Trump correctly spoke of the Iraqi War as a disaster and US Middle Eastern policy as a failure, he has done little to alter course in the region, but continues to follow and has, in some instances, escalated tensions.  Some ominous examples:

Bombing raids of Mosul killing over 200 civilians

The deployment of another 1,000 ground troops to Syria

Additional US ground troops “expected” to be deployed to Afghanistan

Continuous threats to Iran – “put on notice”

In the Far East, President Trump has done little to alleviate hostilities.  In a belligerent March tweet during Secretary of State, Rex Tillerson’s trip to the region, he wrote: “North Korea is behaving very badly.  They have been ‘playing’ the United States for years.  China has done little to help.”**

A number of perceptive commentators think otherwise and have shown that it has been the US over the years that has acted disingenuously.  “Despite Western media demonization of North Korea as some kind of crazy rogue state,” Finian Cunningham points out, “the people there are not fools.  They know from family histories the atrocious cost of American war.  And they know that any nation perceived as weak by Washington will be bombed back to the Stone Age.”***

These trends, and the President’s unnecessary request for increased “defense spending,” all point to more of the same for US overseas relations.  In fact, there will most likely be continued military escalation if the likes of General “Mad Dog” Mattis get their way.

It is now apparent that the only way in which significant change will come about in American foreign affairs will be if there is a severe financial crisis which impairs the nation enough so that it can no longer bankroll its military adventurism.  History has a number of examples of this.

Great Britain, who the US Empire is largely patterned after, lost its empire when it became financially exhausted due, in large part, to its insane decision to enter the two World Wars of the past century.  To fight in those conflagrations drained Britain of its wealth and devastated it demographically which it, and the rest of Europe, has never recovered.

The US is heading down a similar path of decline as it has squandered its wealth and treasure in the maintenance of an overseas empire while it has expanded its welfare state at home, meaning less wealth which can be tapped from an increasingly unproductive and parasitic populace.  Couple this with an onerous tax burden, an inflationist monetary policy which has destroyed the purchasing power of the dollar, and gargantuan public debt and you have primed the country for a financial cataclysm.

Despite the dramatic fall in the standard of living and the immense social strife and unrest that an economic collapse would bring about, there is a silver lining.  Like Great Britain before it, a financial crisis and/or the loss of the dollar as the world’s reserve currency would force the US to abandon its overseas empire – closing bases, bringing troops home, and stopping intervention in the myriad of arenas across the planet.

A defunct US Empire would also be bad news and mean grisly retribution for all those lackeys and puppets who have been supported and propped up by American might: another positive aspect to the end of the Empire.

The collapse will mean America, too, will face reprisals from all those who have suffered under its hegemony.  The payback will come from both economic warfare as the US has used through its “Dollar Diplomacy” to control and manipulate foreign economies and by some sort of military humiliation.

The impact of an economic collapse could be mitigated somewhat if the US abandoned its role as global policeman as resources squandered abroad could be then available for the rebuilding of the domestic economy while, at the same time, hostility with America’s adversaries would be reduced.

Unless President Trump replaces the warmongers and interventionists which he has unwisely surrounded himself with and return to his wildly popular campaign promise of an American First foreign policy, the US Empire will remain the greatest threat to world peace that currently exists.  If things continue as such, it will only be through the comeuppance of Economic Mother Nature when She bursts the American bubble economy that the Empire upon which it rests will, at long last, come to a fitting and much needed end!

*Ellen Mitchell, “Mattis Says Response Coming Soon on Russia Arms Treaty Violation.”  The Hill.  31 March 2017.

**Pamela Engel, “Trump: North Korea is ‘Behaing Very Badly,’ and China ‘Has Done Little to Help.'”  Business Insider17 March 2017.

***Finian Cunningham, “Only a Fool Would Trust Rogue State USA.”  Sputnik Internaional.  19 March 2017.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

 

Welcome to Totalitarian America, President Trump!

Deep-State-vs-Trump II

If there had been any doubt that the land of the free and home of the brave is now a totalitarian society, the revelations that its Chief Executive Officer has been spied upon while campaigning for that office and during his brief tenure as president should now be allayed.

President Trump joins the very crowded list of opponents of the American State which includes the Tea Party, tax resistors, non-interventionists, immigration opponents, traditional family advocates, and a host of others who have been spied upon, persecuted and badgered by federal “intelligence” authorities.  While Congress conducted some feeble hearings and investigations of the shenanigans of the US spy agencies during the interminable Obummer Administration, no real action or reform was taken to reign in the eavesdropping and spying by the national security state on American citizens.

Hopefully, the surveillance of President Trump will change his outlook on the US “intelligence community” especially in regard to those courageous souls who have spoken out and risked life and limb to alert the public about their rulers’ nefarious activities.  Edward Snowden should be among the first to receive a pardon while the person who provided him sanctuary from his American persecutors, the reviled Vladimir Putin, should be commended for his noble act, a rarity among world leaders in this democratic age.

President Trump has demonstrated throughout his life loyalty to those who have supported him.  He should, therefore, do all in his power to extricate Julian Assange from the Ecuadoran Embassy in Great Britain and provide him with safe conduct to the US or any destination in which the heroic whistleblower prefers.  Without the deluge of Wikileaks during last fall’s presidential contest exposing the massive corruption of the Clintonistas, it is unlikely that Trump would have ever prevailed never mind winning by an electoral landslide.

Not only has candidate and President Trump been monitored, but just about every American citizen is under surveillance, the data of which can be used against them at the appropriate time if and when they should challenge the American Leviathan.  NSA whistleblower William Binney confirmed what has been long known in government circles and by those Americans awake to Washington’s tyranny.

Binney confirmed Trump’s suspicion about surveillance to Fox News, “I think the president is absolutely right.  His phone calls, everything he did electronically was being monitored.”* He added that, “Everyone’s conversations are being monitored and stored.”

Ironically, it has been the immense wealth generated by a relatively free market in America that has provided the means for the government to create, expand, and maintain such a sophisticated and dangerous spying apparatus that is now being used on the very people funding it.  That such a situation could emerge under the supposed “checks and balances” of the US Constitution demonstrates again how truly worthless the document is in the protection of individual rights.

While reform of the current system has proven to be futile and without any constitutional restraint, it, unfortunately, will mean that spying and the murderous US empire of which it is a part will continue as long as the economy does not collapse and the dollar retains its world reserve status.  A silver lining, therefore, from a dollar crisis, would mean a decline in the US military and security state.

Of course, the demise of the US spy and military establishment will not be a simple process, but will be fraught with tremendous social and political upheaval and more than likely bloodshed as the Deep State will do everything in its power to protect its turf.

While a collapse may be a ways off, it is hoped that the spying on President Trump will move him to rethink his position on the Deep State which wants to sabotage his every move that goes against its interests most notably a potential detente with Russia.  Talk of deescalation of American military presence in world affairs is anathema to the powers that be.

In his Inaugural Address, President Trump repeatedly promised to put America first.  The nation’s intelligence agencies do not share that vision, but instead owe their allegiance to the New World Order.  If the President has not figured this out after having been secretly monitored, there is little hope for the near future.

*Tyler Durden. “Former NSA Whistleblower: ‘Trump Is Absolutely Right, Everything Was Being Monistored.'”  Zero Hedge.  3 March 2017. http://www.zerohedge.com/print/589722

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

Charles A. Beard, “American Foreign Policy in the Making, 1932-1940″*

Review: Charles A. Beard, American Foreign Policy in the Making, 1932-1940: A Study in Responsibilities.  New Haven: Yale University Press, 1946.

american-for-pol-in-the-making     charles-a-beard-ii

Introduction

Last year, 2016, marked the 70th anniversary of the publication of Charles Beard’s masterful study of United States foreign policy prior to the nation’s disastrous entrance into the Second World War, American Foreign Policy in the Making1932-1940: A Study in Responsibilities(AFPM).  The book was soon accompanied by President Roosevelt and the Coming of the War, 1941 published in 1948, the year of the great historian’s passing.

The two volumes were extremely influential and became cornerstones of World War II revisionism.  AFPM chronicled US policy in the crucial decade prior to the fateful attack at Pearl Harbor on December 7, 1941.  The records released and the research done in the decades following Beard’s studies have only substantiated the historian’s interpretation of events.*

The most recent of the growing literature of WWII revisionism has been by the German historian Gerd Schultze-Rhonhof, and his provocative book, The War That Had Many Fathers.**As Beard did with AFPM, Schultze-Rhonhof seeks to assign responsibility for the outbreak of WWII in the European theatre.  Like Beard, and in contrast to the official historical interpretation, Schultze-Rhonhof blames the provocative actions of the “Allied” governments in the years leading up to the conflict.***

Continue reading at:  https://antoniusaquinas.com/history/

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/

*This essay is dedicated to the late Charlie McGrath of Wide Awake News.

charlie-mcgrath

 

Donald Trump & The Passion of the Christ

                                  the-donald-christ  the-passion

If Donald Trump can somehow defeat the Wicked Witch of Chappaqua despite vote rigging, outlandish media bias, backstabbing by his own party’s elites, and opposition of Wall Street, his victory may be the most serious setback for The Establishment since, perhaps, the release of Mel Gibson’s blockbuster movie, The Passion of the Christ.

Both Gibson and Trump faced seemingly impossible odds at the start of their quests and were viciously attacked and undermined by the usual Establishment suspects, yet, in Gibson’s case, he was able to beat the bastards at their own game producing one of the most accurate and authentic Christian movies ever made which garnered over a half billion dollars and numerous cinematic awards!

Unfortunately, Mel Gibson did not parlay his enormous success and cause further aggravation for the Entertainment industry with additional non-cultural Marxist features, but fell prey to booze and the pleasures of the flesh.  Moreover, Gibson, who was once a traditional Catholic who rejects the heretical changes brought about at the Vatican II Anti-council, could have been a force in a counter insurgency to rid the Church of its current horde of apostates including its head honcho.

If Trump wins he will have completed what earlier populists, most specifically Ross Perot and Pat Buchanan, had started, but were unable to complete.  A real challenge to the two-party duopoly could have taken place had Perot and Buchanan stuck with the Reform Party and built it up as a legitimate alternative.

A Trump Presidency will, at the very least, put a temporary halt to the totalitarian liberal order’s relentless drive to render American sovereignty and create a multicultural society via mass controlled (and uncontrolled) immigration.  There would be no return from such a demographic onslaught and political realignment, at least through the ballot box, with the only alternative being secession or the emergence of a strongman who would violently suppress the Left.

A Trump victory would not only be a blow against the entrenched political class, but like Gibson’s great movie, it would be a mighty and much needed knockdown of the mass media.  No presidential candidate has ever dared to openly take on the mainstream media and expose it for what it truly is – the propaganda arm for the New World Order and the purveyors of degenerate cultural Marxism.

The protagonist in The Passion of the Christ has often been referred to as “The Prince of Peace,” which is somewhat of a misnomer.  The Christ of the Scriptures is a fighter who spends a good portion of His ministry battling and upbraiding the corrupt Church officials and hierarchy of the day who were not properly shepherding His flock.

Similarly, Donald Trump has always considered himself a fighter (counter puncher) who has promised to get rid of the corruption and criminality that pervades the political establishment, especially the Clinton cartel.  Trump is uniquely qualified for such a task because, unlike nearly every other politician, he is not beholding financially to anyone.

Most importantly, Trump will set a new course in US foreign policy which will lead to a de-escalation in tensions around the globe especially with Russia.  High praise was attributed to the peacemakers by the Author of the Beatitudes who said: “Blessed are the peacemakers: for they shall be called children of God.”

Not only for America, but a Trump victory will have positive reverberations throughout the Western world which would surpass that of the surprising Brexit vote.  European anti-immigration groups and organizations would undoubtedly become further emboldened both psychologically and financially in their struggle to stem the tide of massive unwanted and society-wrecking immigration.  There is no telling what the effect would be when the chief executive of the world’s dominant power would be in sympathy with those who have courageously sought to preserve their families, heritage and way of life from the wicked designs of the New World Order.

While Mel Gibson self destructed after the phenomenal success of the The Passion of the Christ, his movie still stands not only as an inspirational and moving cinematic masterpiece, but as a glorious blow against the Establishment.  A Trump victory could mean an even greater strike against our globalist masters.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/