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Read or Condemn Yourself to Death by Ignorance

For those courageous souls brave enough to look and see what is,

who are unwilling to blindly accept

the lies and rules of tyrannical authority.

Wednesday 2nd October 2019


Hope this finds you fit and well!

Here is a sampling of what crossed my digital desk over the last week.

Gaping black hole opens up in debt and derivatives bubble

Eat your heart out: native water rats have worked out how to safely eat cane toads

Do Not Gove Up Too Soon

The government just admitted it will use smart home devices for spying

The Descent From The Golden Age to Tyranny and Thought Slavery

Lonely? Don’t Be. This Guy Is Probably On Your Face Right Now.

40% Winter Dieoff In Bee Colonies

Banning cash so you pay the bank to hold your money is what the IMF wants

Belief In Authority

Climate Change Is A Distraction

Lord Christopher Monckton - Global Warming is an Hoax

500 Scientists Say to UN There Is Not Climate Emergency


The Invention Of Glue

Honest Govt Ad Cashless Walfare Card

I hope you get something from it!


Gaping black hole opens up in debt and derivatives bubble
The Cash Ban Breakthrough

My recommendation is that it is a good time to stock up on your essentials (food, water, petrol, medications, pet food, toilet paper and cotton buds).

The actions of the Australian government and central bank, and US Federal Reserve, betray real desperation about the state of the Australian and global financial system. There are signs that the global debt and derivatives bubble, which the world’s governments and banks have manically propped up for a decade since the 2008 global financial crisis, is suddenly imploding into a financial black hole.

(This sudden crisis is the subject of the 27 September CEC Report. Click here to watch: “All signs point to financial meltdown under way”.)

Last week the US Fed was again forced to escalate its response to the repo market crisis that started on the afternoon of 16 September, when the interest rate on overnight lending between US banks suddenly jumped from a bit over 2 per cent, to almost 10 per cent. (Repo is jargon for “repurchase agreement”, the mechanism by which banks borrow overnight against collateral that they agree to repurchase the next day.) This rise indicated that one or more institutions—still unidentified—unexpectedly needed to borrow a lot of money fast, which the other banks were either unable or unwilling to lend. For the first time since the 2008 financial crisis the Fed was forced to intervene in the repo market; it injected US$53 billion immediately, and promised another US$75 billion the next day if it was needed.

The situation is now out of control. Not only was the next US$75 billion needed, the Fed had to keep doing it, eventually injecting almost US$300 billion by the end of the first week, and then pledging to inject US$75 billion per day into the overnight repo market until 10 October, and US$30 billion three times into the 14-day repo market. Even that hasn’t worked. Now the Fed has upped its intervention to offer US$100 billion per day into the overnight market, and US$60 billion into the 14-day market.

The big question everyone is asking is why have the giant Wall Street banks, with their massive deposits, stopped lending into the repo market? Their unwillingness to lend indicates they know something big has happened, which might mean they wouldn’t be paid back. This is how the collapse of Lehman Brothers triggered the credit crunch in 2008, which raises a more important question: does the mysterious black hole in the repo market mean another meltdown has started in the global derivatives bubble?

Panic in Australia

On 1 October the Reserve Bank of Australia cut its official cash interest rate to 0.75 per cent, another all-time record low. While these rate cuts are becoming the new normal, they are actually extraordinary and extreme. The RBA has previously indicated it is prepared to go to zero and negative interest rates.

This is driving another desperate move, the Morrison government’s push for legislation banning cash transactions over $10,000. The cash ban is intended not to reduce the so-called “black economy” as claimed, but to lock Australians into the banking system so they can’t escape extreme measures to prop it up, such as negative interest rates and “bail-in” of deposits.

Australia’s banks are on the edge. The Big Four banks have the highest exposure to housing debt of any banks in the world. Their loans are well over 100 per cent of their deposits, some close to 130 per cent, compared with a healthy loan-to-deposit ratio (LDR) of more like 90 per cent. A high LDR is an indicator banks may not have enough liquidity to cover emergencies—another reason for the cash ban to lock deposits in banks. With its rate cuts, the RBA is desperate to resuscitate the housing bubble cancer that has gripped the Australian economy for almost two decades. The deflation of the bubble in the past 18 months has threatened the banks with serious losses.

Even more concerning is the banks’ massive and unprecedented increase in exposure to off-balance sheet derivatives. According to RBA figures, derivatives trading has skyrocketed by more than $10 trillion in just six months, from $38.2 trillion to $48.7 trillion. The banks claim that their derivatives trading is mostly hedging, or off-setting risks from other investments; however, this burst of growth in derivatives does not correspond to any equivalent activity in the financial system and economy. It is an alarming indicator of something amiss in Australia’s banking system.

Derivatives fraud

The history of derivatives shows they can be instruments of fraud. They can be used to create artificial liquidity, and cover up losses, including losses caused by gambling in other derivatives. An infamous example of derivatives being used in this way is given in former Morgan Stanley derivatives salesman Frank Partnoy’s 1997 book F.I.A.S.C.O.: Blood in the Water on Wall Street. Partnoy explains how the 1995 collapse of British bank Barings in a massive derivatives meltdown caused heavy losses in Japanese banks, so Wall Street banks made a killing by selling derivatives to the Japanese banks that were designed to hide the losses, and in fact make the losses appear to be profits.

The CEC Report includes a clip of Frank Partnoy, now a law professor, demonstrating that the practice of banks holding their derivatives off-balance-sheet means their balance sheets are fictional. The giant Wall Street bank Citigroup had a very healthy balance sheet all through 2006, 2007, 2008 and 2009, but in that time its market capitalisation collapsed to almost zero, it went from making tens of billions of dollars to losing tens of billions of dollars, and it required the single biggest bailout of any bank—over US$300 billion. The 2008 crisis proved that off-balance sheet accounting, and the practice of banks reporting only their net derivatives exposure, rather than their much larger notional principal (as done by Australia’s Big Four banks except Westpac), is another f-word: fraud.

The 2008 derivatives meltdown was temporarily stopped by massive government bailouts and trillions in central bank quantitative easing (QE) money-printing. This only put off the inevitable implosion, however, which may be starting now. Whenever it may be, it is imperative that we stop policies like the cash ban, bail-in, negative interest rates, QE and helicopter money, and force governments to take back control of the banking system from central banks and implement comprehensive reforms. These must include a full Glass-Steagall separation of deposit-taking banks from all forms of speculation, and a national bank so that public credit can be directed into productive infrastructure and industries.

Keep fighting the cash ban!

The immediate fight against the cash ban is crucial. Click here to go to the new page on the CEC’s website dedicated to the campaign to stop the cash ban law, with instructions on how to:

make a submission to the Senate inquiry; join a delegation with other people in your electorate to visit your local MP; sign and share the petition.

Eat your heart out: native water rats have worked out how to safely eat cane toads
Native Water Rat

Australia’s water rats, or Rakali, are one of Australia’s beautiful but lesser-known native rodents. And these intelligent, semi-aquatic rats have revealed another talent: they are one of the only Australian mammals to safely eat toxic cane toads.

Our research, published today in Australian Mammalogy, found water rats in Western Australia adapted to hunt the highly poisonous toads less than two years after the toads moved into the rats’ territory.

The rats, which can grow to over 1kg, are the only mammal found to specifically target large toads, neatly dissecting the toads to eat their hearts and livers while avoiding the poisonous skin and glands.

The government just admitted it will use smart home devices for spying
Amazon Echo

Many consumers are wholly unaware that the smart devices making their home more custom and responsive are making data that can be hacked or collected

If you want evidence that US intelligence agencies aren’t losing surveillance abilities because of the rising use of encryption by tech companies, look no further than the testimony on Tuesday by the director of national intelligence, James Clapper.

As the Guardian reported, Clapper made clear that the internet of things – the many devices like thermostats, cameras and other appliances that are increasingly connected to the internet – are providing ample opportunity for intelligence agencies to spy on targets, and possibly the masses. And it’s a danger that many consumers who buy these products may be wholly unaware of.

“In the future, intelligence services might use the [internet of things] for identification, surveillance, monitoring, location tracking, and targeting for recruitment, or to gain access to networks or user credentials,” Clapper as part of his annual “assessment of threats” against the US.

Clapper is actually saying something very similar to a major study done at Harvard’s Berkman Center released last week. It concluded that the FBI’s recent claim that they are “going dark” – losing the ability to spy on suspects because of encryption – is largely overblown, mainly because federal agencies have so many more avenues for spying. This echoes comments by many surveillance experts, who have made clear that, rather than “going dark”, we are actually in the “golden age of surveillance”.

Privacy advocates have known about the potential for government to exploit the internet of things for years. Law enforcement agencies have taken notice too, increasingly serving court orders on companies for data they keep that citizens might not even know they are transmitting. Police have already been asking Google-owned company Dropcam for footage from cameras inside people’s homes meant to keep an eye on their kids. Fitbit data used in court against defendants multiple times.

Read the rest of the article. It is well worth your time.

Do Not Gove Up Too Soon
Do Not Gove Up Too Soon

I don’t know that it is EVER a GOOD time to give up on yourself, your goals or dreams!

The Descent From The Golden Age to Tyranny and Thought Slavery
James R Flynn

James R Flynn writes: I recently completed a book defending free speech. Emerald Press scheduled it for publication but then decided not to proceed. Here’s what it said about the book in Emerald’s September 2019 catalogue:

In Defense of Free Speech: The University as Censor Author James R. Flynn, University of Otago, New Zealand

Synopsis: The good university is one that teaches students the intellectual skills they need to be intelligently critical—of their own beliefs and of the narratives presented by politicians and the media. Freedom to debate is essential to the development of critical thought, but on university campuses today free speech is restricted for fear of causing offence. In Defense of Free Speech surveys the underlying factors that circumscribe the ideas tolerated in our institutions of learning. James Flynn critically examines the way universities censor their teaching, how student activism tends to censor the opposing side and how academics censor themselves, and suggests that few, if any, universities can truly be seen as ’good.’ In an age marred by fake news and social and political polarization, In Defense of Free Speech makes an impassioned argument for a return to critical thought.

Lonely? Don't Be. This Guy Is Probably On Your Face Right Now.
Demodex Mite

40% Winter Dieoff In US Bee Colonies
Bayer Bee Petition

America’s bee crisis is getting worse. And if you don’t think this affects you, think again! If Australia’s food supply is substantially owned by foreign interests and there is a food crisis in their home country, we stand to go hungry too!

Our nation’s beekeepers recently reported the largest recorded winter losses of pollinating honeybees ever — nearly 40 percent. Why are these once-thriving insects dying at some of the highest rates?

A catastrophic flood of highly toxic pesticides — neonicotinoids or “neonics“ — pushed by Big Ag is a leading cause of this collapse. Studies show that neonics sicken and kill bees. Reckless use of these poisons threaten our food supply — and possibly even our health. We need to put a stop to it, and together we will.

NRDC is currently waging a courtroom battle against Trump’s EPA that aims to restrict the use of bee-killing neonic products that also threaten endangered species. But to save our pollinators, we need to stop bee-killing uses of neonics on all fronts — so we’re putting the pressure on the world’s largest manufacturer of these toxic chemicals, Bayer-Monsanto.

Tom, we’re amassing a groundswell of public pressure against Bayer-Monsanto and we need your voice to send a message to its CEO, Werner Baumann, that’s too loud to ignore. Sign our petition demanding they STOP selling bee killing neonic products!

Why is the decline of honeybees causing so much alarm? Well, the future of our food supply is at stake. In fact, 70 percent of the world’s major food crops rely on bees.

And the neonic pesticides made by Bayer-Monsanto are poisons designed to kill insects — and are so toxic that, even in minute doses, they weaken the immune and navigation systems of bees, as well as their stamina and memory, making them less likely to survive.

The European Union and Canada have already restricted use of these toxic chemicals, but Trump’s EPA has opened the floodgates for agrichemical giants like Bayer-Monsanto to make millions off this assault on our pollinators.

We’re taking on Trump’s EPA in court to restrict the use of bee-killing neonic products, but we need your powerful voice to send a loud message to Bayer-Monsanto: Stop selling these toxic bee-killing poisons.

Toxic neonic pesticides aren’t only harming bees — they could be harming us, too. Neonic residues are found in 86% of our honey, as well as on apples, cherries, strawberries, and can even be found in baby food. Federally-funded research suggests that exposure to neonics in the womb and by children could increase the risk of developmental defects, autism, heart deformations, memory loss, and muscle tremors.

But instead of protecting pollinators and our food supply, the Trump administration and his EPA are coddling big chemical companies and ignoring critical information about honeybee losses. The EPA approved continued use of these bee-killing neonic pesticides, which are already used on 190 million acres of crops, and the administration reversed bans on using neonics in all national wildlife refuges.

So while NRDC takes on Trump’s EPA and neonics in court, we need to also build public pressure on Bayer-Monsanto. Sign our petition to Werner Baumann, Bayer-Monsanto’s CEO: the American people won’t sit by as our bees are poisoned and our health is threatened.

Thanks for taking on this agrichemical behemoth with us. Your voice is critical to our success.

Banning cash so you pay the bank to hold your money is what the IMF wants

As the Federal Government moves to ban cash transactions above $10,000, there's a theory gaining traction that the real motive for the cash ban isn't the so-called "black economy", but rather, to give authorities greater control over your behaviour during recessions.

Belief In Authority
Belief In Authority

Bifurcation means fork. The infographic is trying to make the point that it is not an either/or situation with regards to belief in authority. I don't know that I agree with the labels assigned or their definitions but what I can say from my readings is that 80-90% of people are Authority Credulists. They will do as authority tells them to do without moral evaluation or judgement. If you think what happened in Nazi Germany could not happen again you are not paying attention. Similar (and worse) catastrophes have happened many time since and one is presently being generated i nthe US.

Climate Change Is A Distraction
Climate Change Is A Distraction

And fracking and plastic pollution in the ocean and deforestation and political corruption and child abduction and sex slavery and injustice in the courts and... ..are all things better deserving of our attention!

Lord Christopher Monckton - Global Warming is an Hoax
No Himalayan Ice

In a 1995 IPCC report, 5 scientists agreed global warming was not anthropomorphic. This statement was replaced by one from a single scientist claiming it was man-made. That sounds like consensus - NOT!

500 Scientists Say to UN There Is No Climate Emergency
There Is No Climate Emergency

This message needs to be shared otherwise we stand to bear the brunt of expensive and onerous efforts to solve a problem that does not exist. Let alone cause concern, worry and even fear where there should be comfort and confidence. If we are to be concerned about something that needs changing, let’s look to plastic pollution in the oceans, leaking radiation from Fukushima, oil and gas pipeline spillages, pharmaceutical toxins in a waterways... ...this list is long of clear and present dangers! Let's quash this climate change distraction and focus on realities.

Media Frenzies Sell Papers

If you look back over the headlines for the last 60 years you can see that an emergency is being beaten to death in order to keep us in an electrified state of panic, needing to run out and buy a newspaper or tune in or log on to stay up to date on the latest panic. This is not how life should be lived. We need to do our best to reassure our young folk that this is just the players at work and we don’t have to join that game. There are better games to play!

Here is a list of some of the past panics:
1966: Oil Gone in Ten Years
1967: Dire Famine Forecast By 1975
1968: Overpopulation Will Spread Worldwide
1969: Everyone Will Disappear In a Cloud Of Blue Steam By 1989 (1969)
1970: World Will Use Up All its Natural Resources
1970: Urban Citizens Will Require Gas Masks by 1985
1970: Nitrogen buildup Will Make All Land Unusable
1970: Decaying Pollution Will Kill all the Fish
1970s: Killer Bees!
1970: Ice Age By 2000
1970: America Subject to Water Rationing By 1974 and Food Rationing By 1980
1971: New Ice Age Coming By 2020 or 2030
1972: New Ice Age By 2070
1972: Oil Depleted in 20 Years
1974: Space Satellites Show New Ice Age Coming Fast
1974: Another Ice Age?
1974: Ozone Depletion a ’Great Peril to Life’
1976: Scientific Consensus Planet Cooling, Famines imminent
1977: Department of Energy Says Oil will Peak in 90s
1978: No End in Sight to 30-Year Cooling Trend
1980: Acid Rain Kills Life In Lakes
1980: Peak Oil In 2000
1988: Regional Droughts (that never happened) in 1990s
1988: Temperatures in DC Will Hit Record Highs
1988: Maldive Islands will Be Underwater by 2018 (they’re not)
1989: Rising Sea Levels will Obliterate Nations if Nothing Done by 2000
1989: New York City’s West Side Highway Underwater by 2019 (it’s not)
1996: Peak Oil in 2020
2000: Children Won’t Know what Snow Is
2002: Famine In 10 Years If We Don’t Give Up Eating Fish, Meat, and Dairy
2002: Peak Oil in 2010
2004: Britain will Be Siberia by 2024
2005: Manhattan Underwater by 2015
2006: Super Hurricanes!
2008: Arctic will Be Ice Free by 2018
2008: Climate Genius Al Gore Predicts Ice-Free Arctic by 2013
2009: Climate Genius Prince Charles Says we Have 96 Months to Save World
2009: UK Prime Minister Says 50 Days to ’Save The Planet From Catastrophe’
2009: Climate Genius Al Gore Moves 2013 Prediction of Ice-Free Arctic to 2014
2013: Arctic Ice-Free by 2015
2014: Only 500 Days Before ’Climate Chaos’

The Invention Of Glue
The Invention Of Glue

Yeah, I sometimes wonder who? And how? And why? Like of eggs, who said, “The first thing that comes out of that hen’s bum I am going to make a souffle out of it!”

Honest Govt Ad Cashless Welfare Card
Honest Govt Ad Cashless Welfare Card

A short video on the Class Warfare card.


Until next time,
dream big dreams,
plan out how to achieve them,
be continually executing your plans,
enlist people to your causes,
travel and/or read widely, preferably both,
all the while observing what you observe
rather than thinking what you are told to think,
think well of your fellow man,
take time to help your fellow man,
he sorely needs it and it will help you too,
eat food that is good for your body,
exercise your body,
take time to destress,
and do the important things
that make a difference -
they are rarely the urgent ones!



Most of the content herein has been copied from someone else. Especially the images. My goodness some people are talented at creating aesthetics! The small bits that are of my creation are Copyright 2014-2019 © by Tom Grimshaw - ALL RIGHTS RESERVED.

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