Donald Trump has already lost one of his electoral votes, and there are indications that a number of additional electors may be prepared to abandon him. Prior to the election, I warned my readers that we would not officially know who the next president would be until December 19th. On that Monday, the 538 members of the Electoral College will gather in their state capitals in all 50 states to formally elect the next president. Throughout U.S. history electors have voted according to the will of the people more than 99 percent of the time, but in 2016 there is a concerted effort to persuade Republican electors not to vote for Trump. If 37 Republican electors can be convinced to vote for someone other than Trump, that would keep Trump under the 270 vote threshold needed to win and it would throw the election into the House of Representatives. Most people had considered this to be a longshot, but on Monday a Republican elector named Christopher Suprun publicly announced in the New York Times that he will not cast his vote for Donald Trump. On the other side, there are at least 8 Democratic electors that have already publicly pledged to switch their votes from Hillary Clinton to a compromise Republican alternative to Trump.
So we already know that there will be quite a few “faithless electors” on December 19th. The question will be whether or not they are able to rally enough electors to their cause to deny Donald Trump the presidency.
What Christopher Suprun has chosen to do is really unprecedented in the history of modern American politics. Not only has he publicly announced that he is not voting for Trump, he is also attempting to convince other Republican electors to join him. He explained his reasoning for this move in his editorial for the New York Times…
Fifteen years ago, as a firefighter, I was part of the response to the Sept. 11 attacks against our nation. That attack and this year’s election may seem unrelated, but for me the relationship becomes clearer every day.
George W. Bush is an imperfect man, but he led us through the tragic days following the attacks. His leadership showed that America was a great nation. That was also the last time I remember the nation united. I watch Mr. Trump fail to unite America and drive a wedge between us.
Mr. Trump goes out of his way to attack the cast of “Saturday Night Live” for bias. He tweets day and night, but waited two days to offer sympathy to the Ohio State community after an attack there. He does not encourage civil discourse, but chooses to stoke fear and create outrage.
Of course this movement started long before Suprun made his surprise announcement. A group of eight Democratic “Hamilton electors” have been lobbying for Republican electors to reject Trump and join them in agreeing on a compromise Republican alternative for quite some time. And according to Politico, those associated with this group have been in active contact with the Clinton campaign…
Advocates of the long-shot bid to turn the Electoral College against Donald Trump have been in contact with close allies of Hillary Clinton, according to multiple sources familiar with the discussions, but the Clinton camp — and Clinton herself — have declined to weigh in on the merits of the plan.
Clinton’s team and the Democratic National Committee have steadfastly refused to endorse the efforts spearheaded by a group of electors in Colorado and Washington state. But, as with the ongoing recounts initiated by Green Party nominee Jill Stein, the Clinton team has not categorically rejected them, leaving the collection of mainly Democratic electors to push forward with no explicit public support from the failed Democratic nominee or any other prominent party leaders.
Of course the Clinton team is desperate to do something to salvage this election. Clinton’s lead in the popular vote has now grown to more than 2.5 million, and it might end up around 3 million by the time all the votes have been counted.
There are Clinton advocates that are arguing that the American people clearly chose Hillary Clinton to be the next president and that therefore the Electoral College should choose to reject Trump on December 19th. But for Christopher Suprun the popular vote doesn’t really matter. To him, it is all about “the good of the country”. Here is more from his editorial in the New York Times…
The election of the next president is not yet a done deal. Electors of conscience can still do the right thing for the good of the country. Presidential electors have the legal right and a constitutional duty to vote their conscience. I believe electors should unify behind a Republican alternative, an honorable and qualified man or woman such as Gov. John Kasich of Ohio. I pray my fellow electors will do their job and join with me in discovering who that person should be.
Fifteen years ago, I swore an oath to defend my country and Constitution against all enemies, foreign and domestic. On Dec. 19, I will do it again.
It is very interesting that he brought up Ohio Governor John Kasich, because Politico is reporting that Kasich is precisely the compromise candidate that the “Hamilton electors” are pushing…
Kasich is increasingly seen as the most acceptable Republican alternative to electors on both sides of the aisle, according to multiple electors familiar with the conversations. They note that Kasich defeated Trump in Ohio’s primary, that the governor boasts a high approval rating in his state and that Kasich was reportedly under consideration to be Trump’s vice president before he selected Indiana Gov. Mike Pence.
“Many Electors are saying that Gov. John Kasich would be best for our country. A consensus is beginning to form that Gov. Kasich would be best positioned to unite America,” Micheal Baca said in a statement to Politico on Sunday. Other electors involved in the effort confirmed this line of thinking.
Of course if it is only Christopher Suprun that switches his vote that isn’t going to make enough of a difference.
The “Hamilton electors” need a total of 37 Republican electors to switch their votes to deny Trump the presidency, and according to one report they already have 15…
In a sensational new development, TV host David Pakman says he was told by a high level source that 15 electors in states Trump won will refuse to vote for Donald Trump.
Pakman went on to say that the electors are also lobbying other members of the electoral college to not vote for Trump.
The goal is to prevent Trump from getting the 270 electoral votes he requires to become president.
If Trump loses 37 electoral votes, it will put him under the 270 benchmark and throw America into a constitutional crisis.
Of course the only “faithless” Republican elector that has come forward publicly is Christopher Suprun. So if there actually are 14 others we do not know their identities at this point.
But without a doubt, this election is not over yet. The votes that will decide the next president of the United States will not be cast until December 19th, and the next president will not be inaugurated until January 20th.
So we are still in “the danger zone“, and Trump supporters cannot rest easy until he is officially in the White House.
Italian voters have embraced the global trend of rejecting the established world order, but the “no” vote on Sunday has plunged global financial markets into a state of utter chaos. The euro has already fallen to a 20 month low, Italian government bonds are poised for a tremendous crash, and futures markets are indicating that both U.S. and European stock markets will be way down when they open on Monday. It is being projected that Italian Prime Minister Matteo Renzi’s referendum on constitutional reforms will be defeated by about 20 percentage points when all the votes have been counted, and Renzi has already announced that he plans to resign as a result. When new elections are held it looks like comedian Beppe Grillo’s Five-Star movement will come to power, and the European establishment is extremely alarmed at that prospect because Grillo wants to take Italy out of the eurozone. In the long run Italy would be much better off without the euro, but in the short-term the only thing propping up Italy’s failing banking system is support from Europe. Without that support, the 8th largest economy on the entire planet would already be in the midst of an unprecedented financial crisis.
I know that I said a lot in that first paragraph, but it is imperative that people understand how serious this crisis could quickly become.
This “no” vote virtually guarantees a major banking crisis for Italy, and many analysts fear that it could trigger a broader financial crisis all across the rest of the continent as well.
Just look at what has already happened. All of the votes haven’t even been counted yet, and the euro is absolutely plummeting…
The euro dropped 1.3 percent to $1.0505, falling below its 1 1/2-year low of $1.0518 touched late last month, and testing its key support levels where the currency has managed to rebound in the past couple of years.
A break below its 2015 March low of $1.0457 would send the currency to its lowest level since early 2003, opening a way for a test of $1, or parity against the dollar, a scenario which many market players now see as a real possibility.
In early 2014, there were times when one euro was trading for almost $1.40. For a very long time I have been warning that the euro was eventually heading for parity with the U.S. dollar, and now we are almost there.
Meanwhile, Italian government bonds are going to continue to crash following this election result. This is going to make it even more difficult for the Italian government to borrow money, and that will only aggravate their ongoing financial troubles.
But the big problem in Italy is the banks. At this moment there are eight banks in imminent danger of collapsing, and virtually all of the rest of them are in some stage of trouble. The following comes from a Bloomberg article about the crisis that Italian banks are facing right at this moment…
They’re burdened with a mountain of bad loans. Their stocks have cratered. And they have to operate in an economy prone to recession and political upheaval.
Signs have been mounting for months that Italy’s weakest lenders, and in particular Banca Monte dei Paschi di Siena SpA, were sliding toward the precipice, threatening to reignite a broader crisis.
And we may get some news regarding the fate of Banca Monte dei Paschi di Siena as early as Monday morning if what the Sydney Morning Herald is reporting is correct…
A last-gasp rescue for Monte dei Paschi di Siena, the world’s oldest surviving bank, has been thrown into doubt after reformist prime minister Matteo Renzi decisively lost a referendum on constitutional reform on Sunday.
MPS and advisers JPMorgan and Mediobanca will meet as early as Monday morning to decide whether to pull a plan to go ahead with a €5bn recapitalisation, the FT reports, citing people informed of the plan.
Senior bankers will decide whether to pursue their underwriting commitments or exercise their right to drop the transaction due to adverse market conditions, these people said. In the event the banks drop the capital plan, the Italian state is expected to nationalise the bank, say senior bankers.
If Banca Monte dei Paschi di Siena fails, major banks all over Italy (and all over the rest of Europe) could start going down like dominoes.
So what were Italians voting on anyway?
Well, the truth is that the constitutional reforms that were proposed actually sound quite boring…
“The changes involve sharply reducing the size of one of the chambers of Parliament — the Senate — shifting its powers to the executive, and eliminating the Senate’s power to bring down government coalitions.
“The amendments also shift some powers now held by the regions to the central government, thereby reducing frequent and lengthy court battles between Rome and the regional governments.”
The reason why this vote was ultimately so important is because it became a referendum on Renzi’s administration. The fact that he announced in advance that he would resign if it did not get approved gave a tremendous amount of fuel to the opposition.
So now Beppe Grillo’s Five-Star Movement stands poised to come to power, and that could be very bad news for those that are hoping to hold the common currency together.
The following is how NPR recently summarized the main goals of the Five-Star Movement…
“It calls for a government-guaranteed, universal income, abolishing Italy’s fiscal commitments to the European Union and a referendum on Italy’s membership in the Euro — a prospect that could unravel the entire single currency Eurozone.”
If Italy chooses to leave the euro, it will probably mean the end of the common currency, and the continued existence of the entire European Union would be called into question.
So this vote on Sunday was huge. The Brexit had already done a tremendous amount of damage to the long-term prospects for the European Union, and now the crisis in Italy is sending political and financial shockwaves throughout the entire continent.
Over the next few weeks, keep a close eye on the euro and on Italian government bonds.
If they both continue to crash, that will be a sign that a major European financial crisis is now upon us.
And what happens in Europe definitely does not stay in Europe.
If Europe goes down, we are going to go down too.
At this point we still have almost a month left in 2016, but 2017 is already shaping up to be a very troubling year. As always, let us hope for the best, but let us also keep preparing for the worst.
Just when you thought it was safe to celebrate Trump’s victory, the left is hatching a plan to try to steal the election right from under his nose. A group composed of “prominent computer scientists” and “election lawyers” is urgently asking the Clinton campaign to challenge the election results in Wisconsin, Michigan and Pennsylvania. They claim that there is “persuasive evidence” that the election results in those states were “manipulated or hacked”, and they are pushing Clinton to file formal challenges to those results while there is still time to do so. As I write this article, the final result in Michigan could still go either way, and if Hillary Clinton does end up winning Michigan all she would have to do would be to flip the results in Wisconsin and Pennsylvania to become the next president of the United States.
Many on the left are absolutely incensed that Donald Trump is going to be the next president even though it looks like Hillary Clinton is going to win the popular vote by a very wide margin. In fact, as I write this article Hillary Clinton’s lead in the popular vote has expanded to more than 1.8 million votes.
After all of the votes have been counted, it is entirely possible that Hillary Clinton may finish more than 2 million votes ahead of Donald Trump.
In a desperate bid to try to salvage the election, an attempt is being made to push for recounts in the key swing states that Clinton lost. This is being talked about all over the mainstream media today, but it was first reported by New York Magazine…
Hillary Clinton is being urged by a group of prominent computer scientists and election lawyers to call for a recount in three swing states won by Donald Trump, New York has learned. The group, which includes voting-rights attorney John Bonifaz and J. Alex Halderman, the director of the University of Michigan Center for Computer Security and Society, believes they’ve found persuasive evidence that results in Wisconsin, Michigan, and Pennsylvania may have been manipulated or hacked. The group is so far not speaking on the record about their findings and is focused on lobbying the Clinton team in private.
Last Thursday, the activists held a conference call with Clinton campaign chairman John Podesta and campaign general counsel Marc Elias to make their case, according to a source briefed on the call. The academics presented findings showing that in Wisconsin, Clinton received 7 percent fewer votes in counties that relied on electronic-voting machines compared with counties that used optical scanners and paper ballots. Based on this statistical analysis, Clinton may have been denied as many as 30,000 votes; she lost Wisconsin by 27,000.
The race in Michigan is even closer, and the truth is that Clinton may be able to close the gap of about 11,000 votes there without a recount.
In Pennsylvania, the gap is currently about 68,000 votes, and so that would present much more of a challenge for the Clinton campaign.
At this point it is questionable whether Hillary Clinton is willing to formally request recounts in those states before the deadlines arrive, but she doesn’t have to be the one to do it.
In fact, according to MSN another presidential candidate is already raising the money needed to submit her own requests for recounts in those key battleground states…
Jill Stein, the Green party’s presidential candidate, is prepared to request recounts of the election result in several key battleground states, her campaign said on Wednesday.
Stein launched an online fundraising page seeking donations toward a $2m fund she said was needed to request reviews of the results in Michigan, Pennsylvania and Wisconsin.
Stein said she was acting due to “compelling evidence of voting anomalies” and that data analysis had indicated “significant discrepancies in vote totals”.
But if Stein wants to do something, she needs to act very quickly.
The deadline to officially file for a recount in Wisconsin is Friday, in Pennsylvania it is Monday, and in Michigan it is next Wednesday.
Meanwhile, six former Bernie Sanders supporters are engaged in a last ditch effort to use the Electoral College to deny Trump the presidency on December 19th. Just like the attempt to recount the votes in key battleground states, this plan is not likely to work either, but right now it is receiving a lot of attention from the mainstream media. The following comes from a Daily Caller article entitled “Sanders Electors Vow To Vote Against Clinton In Wild Attempt To Keep Trump From White House“…
The group asserts that in order to succeed in their goal, they would have to convince 37 Republican electors to vote against Trump, a number the groups understands is unlikely. The ultimate goal, the group says, is to reduce the overall faith the average american voter has in the electoral college system.
Until the actual votes are tallied, it will be very difficult for either Democrats or Republicans to ascertain just how effective the movement is, because there is no organized whip effort to gauge how many electors intend to vote they way they are instructed.
There is no remedy for a faithless elector.
It is extremely unlikely that 37 Republican electors would betray Trump at this point.
What is far more likely is that these former Bernie Sanders supporters will bring enough attention to “faithless electors” that it will cause an even bigger push to abolish the Electoral College.
But because it would require changing the Constitution in order to abolish the Electoral College, it is something that is not likely to happen any time soon.
Ultimately, all of these last minute moves by the left seem destined to fail, and there doesn’t seem to be anything that they can do at this point to keep Donald Trump out of the White House.
And the truth is that so many of the things that I warn are coming to America in my new book are far more likely to happen if Trump is in the White House rather than if a Democrat is residing there.
We have reached a critical moment in U.S. history, and right now optimism about the future of this country among conservatives is off the charts.
But is that optimism justified?
We shall see, but without a doubt this optimism is not shared by Democrats, and many on the left are preparing to fight against Trump every step of the way.
Could you survive on just $2.50 a day? According to Compassion International, approximately half of the population of the entire planet currently lives on $2.50 a day or less. Meanwhile, those hoarding wealth at the very top of the global pyramid are rapidly becoming a lot wealthier. Don’t get me wrong – I am a very big believer in working hard and contributing something of value to society, and those that work the hardest and contribute the most should be able to reap the rewards. In this article I am in no way, shape or form criticizing true capitalism, because if true capitalism were actually being practiced all over the planet we would have far, far less poverty today. Instead, our planet is dominated by a heavily socialized debt-based central banking system that systematically transfers wealth from hard working ordinary citizens to the global elite. Those at the very top of the pyramid know that they are impoverishing everyone else, and they very much intend to keep it that way.
Let’s start with some of the hard numbers. According to Zero Hedge, Credit Suisse had just released their yearly report on global wealth, and it shows that 45.6 percent of all the wealth in the world is controlled by just 0.7 percent of the people…
As Credit Suisse tantalizingly shows year after year, the number of people who control just shy of a majority of global net worth, or 45.6% of the roughly $255 trillion in household wealth, is declining progressively relative to the total population of the world, and in 2016 the number of people who are worth more than $1 million was just 33 million, roughly 0.7% of the world’s population of adults. On the other end of the pyramid, some 3.5 billion adults had a net worth of less than $10,000, accounting for just about $6 trillion in household wealth.
And since this is a yearly report, we can go back and see how things have changed over time. When Zero Hedge did this, it was discovered that the wealth of those at the very top “has nearly doubled” over the past six years, and meanwhile the poor have gotten even poorer…
Incidentally, we tracked down the first Credit Suisse report we found in this series from 2010, where the total wealth of the top “layer” in the pyramid was a modest $69.2 trillion for the world’s millionaires. It has nearly doubled in the 6 years since then. Meanwhile, the world’s poorest have gotten, you got it, poorer, as those adults who were worth less than $10,000 in 2010 had a combined net worth of $8.2 trillion, a number which has since declined to $6.1 trillion in 2016 despite a half a billion increase in the sample size.
If these trends continue at this pace, it won’t be too long before the global elite have virtually all of the wealth and the rest of us have virtually nothing.
Perhaps you are fortunate enough to still have a good job, and you live in a large home and you will sleep in a warm bed tonight.
Well, you should consider yourself to be very blessed, because that is definitely not the case for most of the rest of the world. The following 11 facts about global poverty come from dosomething.com, and I want you to really let these numbers sink in for a moment…
- Nearly 1/2 of the world’s population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day.
- 1 billion children worldwide are living in poverty. According to UNICEF, 22,000 children die each day due to poverty.
- 805 million people worldwide do not have enough food to eat. Food banks are especially important in providing food for people that can’t afford it themselves. Run a food drive outside your local grocery store so people in your community have enough to eat. Sign up for Supermarket Stakeout.
- More than 750 million people lack adequate access to clean drinking water. Diarrhea caused by inadequate drinking water, sanitation, and hand hygiene kills an estimated 842,000 people every year globally, or approximately 2,300 people per day.
- In 2011, 165 million children under the age 5 were stunted (reduced rate of growth and development) due to chronic malnutrition.
- Preventable diseases like diarrhea and pneumonia take the lives of 2 million children a year who are too poor to afford proper treatment.
- As of 2013, 21.8 million children under 1 year of age worldwide had not received the three recommended doses of vaccine against diphtheria, tetanus and pertussis.
- 1/4 of all humans live without electricity — approximately 1.6 billion people.
- 80% of the world population lives on less than $10 a day.
- Oxfam estimates that it would take $60 billion annually to end extreme global poverty–that’s less than 1/4 the income of the top 100 richest billionaires.
- The World Food Programme says, “The poor are hungry and their hunger traps them in poverty.” Hunger is the number one cause of death in the world, killing more than HIV/AIDS, malaria, and tuberculosis combined.
So how did we get here?
Debt is the primary mechanism that takes wealth from ordinary people like you and me and puts it into the hands of the global elite.
In my recent article entitled “Why Donald Trump Must Shut Down The Federal Reserve And Start Issuing Debt-Free Money“, I discussed how the Federal Reserve was designed to entrap the U.S. government in an endless debt spiral from which it could never possibly escape. And that is precisely what has happened, as the U.S. national debt has gotten more than 5000 times larger since the Federal Reserve was created in 1913.
In that very same year, the federal income tax was instituted, and that is a key part of the program for the global elite. You see, the income tax is how wealth is transferred from us to the government. And then a continuously growing national debt is how that wealth is transferred from the government to the elite.
It is a very complicated system, but at the end of the day it is all about taking money from us and getting it into their pockets.
And at this point more than 99.9 percent of the population of the world lives in a country with a central bank, and almost every nation on the planet has some form of income tax.
It is a global system that is designed to create as much debt as possible, and I recently shared with my readers that the total amount of debt in the world has hit a staggering all-time record high of 152 trillion dollars.
Interestingly, the Bible actually foretells of a time when rich men would hoard wealth in the last days. The following are the first five verses of the Book of James in the Modern English Version…
Come now, you rich men, weep and howl for your miseries that shall come upon you. 2 Your riches are corrupted and your garments are moth-eaten. 3 Your gold and silver are corroded, and their corrosion will be a witness against you and will eat your flesh like fire. You have stored up treasures for the last days. 4 Indeed the wages that you kept back by fraud from the laborers who harvested your fields are crying, and the cries of those who harvested have entered into the ears of the Lord of Hosts. 5 You have lived in pleasure on the earth and have been wayward. You have nourished your hearts as in a day of slaughter.
So much of the time we focus on the other great sins that we see all around us, but the truth is that one of the greatest sins of all in our world today is the sin of greed.
The borrower is the servant of the lender, and the global elite have used various forms of debt to turn the rest of the planet into their debt slaves.
As debt levels race higher and higher all over the planet, the elite are using the magic of compound interest to grab a bigger and bigger share of the pie.
Given enough time, those at the very top would have virtually everything and the rest of us would have virtually nothing. The middle class is shrinking all over the globe, and the gap between the wealthy and the poor continues to grow at an astounding pace.
But the vast majority of people out there have no idea how money, debt, taxes and central banks really work, and so they have no idea that this is purposely being done to them.
So please share this article with as many people as you can. The truth is that we don’t have to have this much global poverty, and if we correctly identify the root causes of this poverty we can start working on some real solutions.
If Donald Trump truly wants to fix the economy, he must shut down the Federal Reserve. If he just tries to patch up our current system, he will fail, because it has been fundamentally flawed from the very beginning. A little over a century ago, very powerful forces on Wall Street convinced Congress to completely restructure our financial system. An immensely powerful central bank known as the Federal Reserve was created, and the goal was to transform the U.S. dollar into a debt-based currency that would continuously be inflated and to create an endless debt spiral from which the federal government could never possibly escape. Sadly, they were successful on both counts. Since the creation of the Federal Reserve, the value of the U.S. dollar has declined by approximately 98 percent and our national debt has gotten more than 5000 times larger.
Americans tend to give most of the credit or most of the blame for the performance of the U.S. economy to our presidents, but the truth is that an unelected, unaccountable group of central bankers has far more power over our economy than anyone else does. The Federal Reserve has become known as “the fourth branch of government“, but unlike the other branches of government we are told that the Fed’s decisions are “above politics” because they are “too important”. Fed officials fiercely guard their “independence”, and they fiercely resist any “interference” from Congress, the President, or the American people.
Donald Trump can try to lower taxes and reduce regulations, but what he will be able to do to influence the economy pales in comparison to the immensely powerful tools that the Fed wields. The Fed controls interest rates, the Fed controls the money supply, and the Fed regulates the banks.
To give you an idea of how enormously powerful the Fed is, I want you to pull out a dollar bill.
As you look at that dollar bill, I want you to notice that it says “Federal Reserve Note” right at the top.
In the financial world, a “note” is an instrument of debt, and the truth is that our system was designed to create as much debt as possible.
So why are we using debt-based “Federal Reserve Notes” in the first place? Shouldn’t Congress have control over our currency?
According to Article I, Section 8 of the U.S. Constitution, it is Congress that has the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.
So how did the Fed get involved?
Well, it is a very long and convoluted story, and if you are interested in the history behind it I would commend to you an excellent book by C. Edward Griffin entitled “The Creature from Jekyll Island: A Second Look at the Federal Reserve“. Basically, big money interests on Wall Street got their hooks into the White House and Congress, and they rushed through legislation right before Christmas in 1913 that created this insidious central banking system that was designed to slowly but surely take wealth from the American people and put it into their hands.
Sadly, most Americans don’t even realize that we have a debt-based currency, nor do they understand where our money comes from. In a previous article, I discussed how money is normally created by the Federal Reserve under our current system…
When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.
Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.
The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.
The Federal Reserve takes the U.S. Treasury bonds that it receives in exchange for the “Federal Reserve Notes” that it gave to the government and it auctions off those bonds to the highest bidder. But of course this process always creates more debt than it does money…
The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.
There is a problem.
Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.
So where will the U.S. government get the money to pay that debt?
Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.
But that never actually happens, does it?
And the creators of the Federal Reserve understood this as well. They understood that the U.S. government would not have enough money to both run the government and service the national debt. They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.
So our debt just keeps going up and up and up. While Barack Obama has been in the White House our national debt has risen by more than 9 trillion dollars, and at this moment it is sitting just under the 20 trillion dollar mark.
But we shouldn’t be surprised by this, because this is precisely what the Federal Reserve system was designed to do to us.
Many conservatives still hold to the mistaken illusion that we could somehow pay all of this debt back someday, but as I have shown in a previous article, this is mathematically impossible to do.
If the government went out today and grabbed every single dollar in existence we could not pay back the national debt, and of course we have trillions of dollars of household debt, trillions of dollars of corporate debt and trillions of dollars of state and local government debt that we need to pay back as well.
Under the current system our only hope is to keep the wheel spinning by continuing to devalue the dollar and by continuing to go into even greater amounts of debt.
And of course it isn’t just the United States that is in this predicament. At this point, almost every single nation on the entire planet has a central bank.
Even though there are extremely sharp disagreements among nations on virtually everything else, somehow central banking has achieved nearly universal adoption.
As you read this article, well over 99.9% of the population of the globe lives in a country that has a central bank.
Do you think that is just a coincidence?
Of course there are still a few very small countries such as the Federated States of Micronesia that do not have a central bank, but the only big nation not to have one is North Korea.
And you would literally have to be insane to want to live in North Korea.
But now we have an opportunity to get free from this insidious system. The truth is that we don’t have to have a central bank. In fact, the greatest period of economic growth in U.S. history was when there was no central bank.
We don’t need central planners to set our interest rates and to manipulate our money supply. They will never admit this, but the reality of the matter is that their interference in the economy often creates tremendous economic busts.
Since the Federal Reserve was created in 1913, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.
Considering their track record, isn’t it time for a change?
And we don’t have to have a debt-based currency. In fact, not too long ago we had a president that decided to start issuing debt-free “United States Notes”.
Back in 1963, President John F. Kennedy issued Executive Order 11110 which authorized the U.S. Treasury to issue debt-free “United States Notes” which were directly created by the U.S. government.
He was assassinated shortly thereafter.
Most Americans don’t realize this, but many of the debt-free United States Notes that were issued under President Kennedy are still in circulation today, and President Trump could do something similar.
But will he?
It has been said that the borrower is the servant of the lender, and the Federal Reserve system has turned all of us into debt slaves.
Debt is a form of social control, and the global elite use all of this debt to dominate the planet. The total amount of debt in the world just hit a brand new record high of 152 trillion dollars, and the longer we allow the central banks to control the system the bigger this debt bubble will become.
There is a way out, and here in the United States that starts with shutting down the Federal Reserve and issuing debt-free currency. It would take someone very bold to make a move like this, and so let us hope that the man that we just elected is up to the task.
Most Americans assume that their votes decide who the next president will be, but that is actually not the case. It is the Electoral College that will elect the next president, and they don’t meet until December 19th. And the truth is that all of the members of the Electoral College never meet in one place. Rather, electors gather together in all 50 state capitals on the second Wednesday in December, and it is at that time that the next president and vice president are officially elected. Of course members of the Electoral College have voted according to the will of the people about 99 percent of the time throughout our history, but with how crazy this election has turned out to be you never know what might happen. For example, later on in this article you will see that one elector in Washington state has already publicly stated that he will not cast his vote for Hillary Clinton. If other “faithless electors” emerge, that could potentially change the entire outcome of the election.
If you are not familiar with the basics of how the Electoral College works, here is a pretty good summary from Wikipedia…
Even though the aggregate national popular vote is calculated by state officials, media organizations, and the Federal Election Commission, the people only indirectly elect the president, as the national popular vote is not the basis for electing the president or vice president. The President and Vice President of the United States are elected by the Electoral College, which consists of 538 presidential electors from the fifty states and Washington, D.C.. Presidential electors are selected on a state-by-state basis, as determined by the laws of each state. Since the election of 1824, most states have appointed their electors on a winner-take-all basis, based on the statewide popular vote on Election Day. Maine and Nebraska are the only two current exceptions, as both states use the congressional district method. Although ballots list the names of the presidential and vice presidential candidates (who run on a ticket), voters actually choose electors when they vote for president and vice president. These presidential electors in turn cast electoral votes for those two offices. Electors usually pledge to vote for their party’s nominee, but some “faithless electors” have voted for other candidates.
A candidate must receive an absolute majority of electoral votes (currently 270) to win the presidency or the vice presidency. If no candidate receives a majority in the election for president or vice president, that election is determined via a contingency procedure established by the Twelfth Amendment. In such a situation, the House chooses one of the top three presidential electoral vote-winners as the president, while the Senate chooses one of the top two vice presidential electoral vote-winners as vice president.
In an attempt to make sure that their electors vote according to the will of the people, 29 states have passed laws that impose penalties on “faithless electors”. In many cases the punishment consists of a fine, but that may not be enough to keep some electors in line this time around. According to ABC News, one elector that was supposed to be committed to Hillary Clinton has already announced that he is refusing to vote for her despite the fact that he will get hit by a $1,000 fine…
One elector has already said he won’t vote for Clinton, despite a fine. Robert Satiacum, a member of Washington’s Puyallup Tribe, says he believes Clinton is a “criminal” who doesn’t care enough about American Indians and “she’s done nothing but flip back and forth.”
Satiacum faces a $1,000 fine in Washington if he doesn’t vote for Clinton, but he said he doesn’t care.
“She will not get my vote, period,” he told The Associated Press.
And there are 21 states that do not impose penalties on “faithless electors” at all.
So while it is true that over 99 percent of all Electors throughout our history have voted the way that they were supposed to, that may not happen in 2016.
There is also the possibility that the winning candidate could die or become incapacitated between Election Day and December 19th. If that happens, the electors that are supposed to be committed to the winning candidate would be free to vote for someone else. The following comes from archives.gov…
If a candidate dies or becomes incapacitated between the general election and the meeting of electors, under federal law, the electors pledged to the deceased candidate may vote for the candidate of their choice at the meeting of electors. Individual states may pass laws on the subject, but no federal law proscribes how electors must vote when a candidate dies or becomes incapacitated. In 1872, when Horace Greeley passed away between election day and the meeting of electors, the electors who were slated to vote for Greeley voted for various candidates, including Greeley. The votes cast for Greeley were not counted due to a House resolution passed regarding the matter. See the full Electoral College vote counts for President and Vice President in the 1872 election.
As to a candidate who dies or becomes incapacitated between the meeting of electors and the counting of electoral votes in Congress, the Constitution is silent on whether this candidate meets the definition of “President elect” or “Vice President elect.” If the candidate with a majority of the electoral votes is considered “President elect,” even before the counting of electoral votes in Congress, Section 3 of the 20th Amendment applies. Section 3 of the 20th Amendment states that the Vice President elect will become President if the President elect dies or becomes incapacitated.
If a winning Presidential candidate dies or becomes incapacitated between the counting of electoral votes in Congress and the inauguration, the Vice President elect will become President, according to Section 3 of the 20th Amendment.
Our Constitution really should be amended to deal with a situation where a winning candidate dies between Election Day and the Electoral College vote, but up until now that has not happened.
So the cold, hard reality of the matter is that we will enter a period of great uncertainty between November 8th and December 19th. Even though the American people will have spoken, we will not have a “President-elect” yet, and if something happens to the winning candidate that could throw us into an unprecedented constitutional crisis.
And of course if the election results are very tight and a few “faithless electors” throw the election in the opposite direction on December 19th, that could create an enormous constitutional crisis as well.
Following the vote of the Electoral College on December 19th, a joint session of Congress takes place on January 6th of the following year to formally declare the winner…
The Twelfth Amendment mandates that the Congress assemble in joint session to count the electoral votes and declare the winners of the election. The session is ordinarily required to take place on January 6 in the calendar year immediately following the meetings of the presidential electors. Since the Twentieth Amendment, the newly elected House declares the winner of the election; all elections before 1936 were determined by the outgoing House.
Two weeks later, the winning candidate will be inaugurated on January 20th, and at that point the next president will begin to serve.
It would be a whole lot simpler and more rational to just allow the American people to directly elect the president, and it would probably take a major crisis in order to get the kind of constitutional amendment that is needed to do that.
But for now the system is what it is, and that means that the election is not over until it is over.
So November 8th is definitely not the end of the story, and the craziest chapters of this election season may still be yet to come.