The Secret Saudi-Dollar Connection

By Craig R. Smith and Lowell Ponte

President Donald Trump was greeted and treated like a wise and welcome world leader and ally in Saudi Arabia. But the media said almost nothing of the secret connections that for 46 years have kept our two nations linked in a special, mutually-dependent relationship.
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In 1944 the United States, the superpower to emerge after World War II, created a new economic system, the Bretton Woods agreement. The U.S. Dollar’s value would be pegged to gold, and other Western nations would peg their value to the dollar.

After working well for decades, Bretton Woods was burned down by President Richard Nixon. After printing billions to fight the Vietnam War, he announced in August 1971 that the U.S. would no longer redeem dollars for gold. Without its gold anchor, the dollar tried to float but its value promptly sank by a third.

The Organization of Petroleum Exporting Countries (OPEC), including Saudi Arabia, soon staged an oil embargo – not because we helped Israel win the 1973 war, but because OPEC wanted to regain the value for its oil lost when the dollar was debased.

Nixon then “negotiated an agreement with Saudi Arabia that the Muslim nation would sell its oil only in exchange for U.S. Dollars,” as we explain in our latest book, Money, Morality & The Machine.

“This shored up the dollar’s status as the global reserve currency, a tremendous boon to us because we exclusively manufacture legal U.S. Dollars,” we write.

Our global economic dominance – with at least 40 percent of world trade in dollars – was made possible by the Saudi special relationship.

What the Saudis got was American military protection and the opportunity to purchase some of the world’s most advanced weapons. This “petrodollar” symbiosis has made Saudi Arabia the biggest purchaser of our weapons and one of the biggest buyers of our ever-growing debt.

This was again on display during President Trump’s visit as American corporate leaders were on hand along with weapon sales of at least $110 Billion and total sales from U.S. companies that could top $350 Billion over the next ten years as the Saudis diversify away from oil.

Saudis might see this as particularly important in the wake of eight years of President Barack Obama tilting toward Iran and helping this rival power to acquire nuclear weapons. Iran, a leading sponsor of global terrorism, has been busy building a “Shiite crescent” around the Saudis, from Yemen to Syria and Lebanon. Iraq under Saddam Hussein won a war against Iran, but in the wake of our removing him and of Barack Hussein Obama withdrawing American troops, Iraq is now effectively controlled by more than 100,000 “allied” Iranian troops who show no sign of ever leaving.

Saudi money and political donations, we write, “have altered American politics and caused our government to bend and bow increasingly toward Mecca and Riyadh.”

Americans are the Janissaries who with our blood defend Saudi Arabia, which funds Madrassas, schools worldwide that “teach of the coming world conquest by Islam by fire and sword. Will this prove to be the worst of those ‘entangling alliances’ that our Framers warned against?”

President Trump, to his credit, is enlisting Saudi and other Muslim help to fight the war against terrorism. But the Saudi connection also reminds us how vulnerable our paper dollar is – and why as individuals we need to diversify our savings to include the enduring, reliable value of gold.
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To schedule a fascinating interview with Craig R. Smith – a monetary expert and executive frequently interviewed on Fox Business and other business media – and Lowell Ponte – a veteran think tank futurist and former Roving Editor of Reader’s Digest who has done reporting from the Muslim Middle East and Israel– contact: Sandy Frazier at 516-735-5468 or email sandy@mystic-art.com.

For a media copy of Money, Morality & The Machine, contact: David Bradshaw at 602-918-3296 or email him at ideaman@myideafactory.net See pages 75-76.

A Foretaste of the Coming Cyber-Apocalypse?

How to Save Your Life Savings From This Risk
By Lowell Ponte

The cyber-attack began last Friday worldwide, causing computer chaos in at least 150 nations and more than 200,000 computers, hitting banks and other companies. This is only the latest of what could be many doomsday attacks to come.
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“In 2017, hackers infected the computers of 140 banks in 40 countries with a program that let the criminals order bank ATMs to spit out untold millions into the paper bags of waiting accomplices,” Craig R. Smith and I reported in our free 2017 White Paper Don’t Bank On It!, which updates and summarizes our book of the same name.

“In 2016, North Korean hackers put a bug into the computers of SWIFT, the Society for Worldwide Interbank Financial Telecommunications in Belgium, an electronic clearinghouse for global bank transfers,” we wrote.

“The hackers had SWIFT issue false documents that tricked banks in several nations into giving their agents a combined $81 Million, including $12 Million from Wells Fargo Bank in the U.S.”

The attack last Friday shut down ATMs (Automatic Teller Machines) in regions of China, leaving citizens without access to their money. Credit cards failed to work at many gas stations. The Bank of China was a target.

The bug also shut down European plants of the French auto manufacturer Renault, one of which remained closed Monday. In Japan, Hitachi and Nissan computers were infected, as was Federal Express in the U.S. and a theater chain in South Korea. So were large telecom companies in Spain, Portugal and Russia. Russian banks were also prime targets.

Germany’s federal railway system was hit, as was Brazil’s state oil company Petrobras and its Social Security system. Two hospitals were infected in Jakarta, Indonesia, and Great Britain’s devastated National Health Service was forced to reschedule surgeries and turn away some Emergency Room patients. Our addiction to computers is becoming hazardous to our health.

The ransomware that did this is called WannaCry (and related names). A single employee can open an unfamiliar website. The malware worm can take over not only his computer but any others linked to it that are vulnerable. It creates an encrypted version of files, destroys the originals, and then demands $300 to $600 per computer in the crypto-currency Bitcoin to restore the data. By Monday morning the attackers reportedly had collected more than $51,000.

The attack could have been much worse had a 22-year-old British nerd who lives with his parents and uses the web name Malware Tech not found the hackers’ “kill switch.” He blunted the assault.

“Criminals” are responsible for this attack, not the government, said President Donald Trump’s homeland security adviser Tom Bossert. But others blame the National Security Agency (NSA), from which a contractor reportedly stole its “Eternal Blue” program to hack Microsoft XP computers, still widely used worldwide. This program was released globally in April by a group calling itself “Shadow Brokers” as their “protest” about President Trump. Anyone with such a program can do computer-owner holdups.

The U.S. Government has pressured Microsoft and Apple to provide “back doors” into its programs so that government can hack them. Friday’s attacks show how insecure programs in government hands can be.

Your bank account today is merely electronic blips in a computer that can be stolen, scrambled, or erased by a smart enough individual or government hacker. (China employs 125,000 soldiers to do full-time cyber warfare.) If government prints more trillions to repay lost funds, this will cause dollar-debasing high inflation. And our government is rapidly moving to a “cashless” society in which all dollars will be digital and “virtual,” i.e., unreal. The only way to escape a future computer apocalypse will be to convert dollars to real, hard money such as gold – which cannot be stolen or held for ransom by a few hacker strokes on a computer keyboard.
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To schedule a fascinating interview with Lowell Ponte – a veteran think tank futurist and former Roving Science & Technology Editor of Reader’s Digest –
contact: Sandy Frazier at 516-735-5468 or email sandy@mystic-art.com.

For a free copy of the White Paper Don’t Bank On It!, contact: David Bradshaw at 602-918-3296 or email him at ideaman@myideafactory.net

Adieu, France

By Lowell Ponte

France’s death warrant was issued Sunday, as voters chose Emmanuel Macron as their next President. If his promised policies are followed, then the ally who helped America win its independence will see its borders erased and its identity absorbed into the empire of the European Union (EU). Macron strode to his victory speech platform to the playing not of the French national anthem but of “Ode to Joy,” the EU anthem. [1]

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A woman will rule France after this election, his nationalist opponent Marine Le Pen predicted. Either she would win, or France would be dominated by German Chancellor Angela Merkel through the EU. Ms. Le Pen lost, getting slightly over one-third of the vote.

Le Pen had promised the French a referendum vote to leave the EU, as the United Kingdom had last June. The British – seeing that 61 percent of their laws and regulations were imposed by unelected EU Eurocrats – voted to Brexit, to exit the EU and end their nation’s absorption by the EU Borg.

The EU had originally been conceived by French political philosopher Jean Monnet after World War II. He wanted to unify Europe into a single country to prevent another such war. And, because Germany’s demonic dictator had been democratically elected, Monnet wanted the EU run without any vote of the people.

“Europe’s nations should be guided towards the Super-state without their people understanding what is happening,” wrote Monnet in a diary that Craig R. Smith and I quote in our latest book, Money, Morality & The Machine. [2]

“This can be accomplished,” wrote Monnet, “by successive steps, each disguised as having an economic purpose, but which will eventually and irreversibly lead to federation.”

This same anti-democracy push toward globalist government can be seen in the Progressive scheme to flood the EU and Great Britain and the United States with immigrants to fundamentally transform their cultures. It has engendered resistance that led the United Kingdom to Brexit, to nationalist populist uprisings and secessionist movements across Europe, and to President Donald Trump’s election in the U.S.

French voters rejected both of the old ruling parties, forcing the globalists to cosmetically re-create Macron as a “centrist” in the media, battling “far right extremist” Marine Le Pen. [3] But in fact Macron had been the economy minister under socialist President Francois Hollande, who created an economic disaster of more than 10 percent adult, and 25 percent youth, unemployment. Macron is as genuinely “centrist” as Progressive President Barack Obama, who endorsed him.

Macron promised something for almost everyone, including preservation of the French welfare state and a cut in business taxes. He also promised to support the EU, the German-dominated Euro currency, and the continuing flood of Muslim immigrants into France. Macron, in other words, promised to abolish France. And the globalist elite of both rejected ruling parties enthusiastically supported him. [4]

This is why Le Pen was not only smeared by the ruling press – but also hit by political dirty tricks. The government, for example, suppressed reporting of Macron’s leaked emails. (Would Hillary Clinton have won if the government had suppressed all reporting of her secret emails?) [5]

In the first vote, overseas French favoring Macron were “accidentally” sent paperwork that let them vote twice. In Sunday’s final vote, vast numbers of ballots for Le Pen were reportedly sent out torn, meaning that they could not be counted as valid votes for her. Nine percent of all registered voters cast “blank or invalid ballots,” and another 24.52 percent abstained from choosing Le Pen or Macron. Sunday saw the lowest percentage of valid French ballots cast since at least 1981. [6-7]

Yet Le Pen’s strong challenge and Macron’s deceptive candidacy have changed forever this country that invented the labels “Right” and “Left” for those on either side of the French Assembly. On Sunday, “centrist” Macron pretended to be a Rightist economically but Leftist culturally, while “Rightist” Le Pen spoke like a Leftist of nationalizing the banks. Right and Left in France are now blurred.

The new political polarization is nationalism vs. globalist collectivism. The emerging economic choice will be between a post-dollar, post-American socialist globalist “cashless” economy – or the hard, honest universal coin of gold.

As Irish playwright George Bernard Shaw once wisely observed, if you must choose between trusting the natural stability of gold and the honesty and intelligence of members of the government, then “I advise you, as long as the capitalist system lasts, to vote for gold.”

To schedule a fascinating interview with Lowell Ponte, contact: Sandy Frazier at 516-735-5468 or email sandy@mystic-art.com.

For a free media copy of Money, Morality & The Machine, contact: David Bradshaw at 602-918-3296 or email him at ideaman@myideafactory.net
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Sources:

Will French Voters Shatter the European Union? – Lowell Ponte, PontificationBlog, APRIL 24, 2017 https://pontificationblog.wordpress.com/2017/04/24/will-french-voters-shatter-the-european-union/

[1] Alex Pfeiffer, “Macron Walks Out To EU ANTHEM To Address Supporters,” Daily Caller, May 7, 2017. URL: http://dailycaller.com/2017/05/07/macron-walks-out-to-eu-anthem-to-address-supporters-video/

[2] Craig R.Smith and Lowell Ponte, Money, Morality & The Machine: Smith’s Law in an Unethical, Over-Governed Age. Phoenix: P2 Publishing, 2016. Page 17.

[3] Jonah Goldberg, “Is Marine Le Pen a ‘Far-Right’ Candidate?” National Review, April 26, 2017. URL: http://www.nationalreview.com/article/447034/french-election-marine-le-pen-far-right-immigration

[4] Mike Krieger, “Meet The Real Emmanuel Macron: Consummate Banker Puppet, Bizarre Elitist Creation,” ZeroHedge, April 25, 2017. URL: http://www.zerohedge.com/news/2017-04-25/meet-real-emmanuel-macron-consummate-banker-puppet-bizarre-elitist-creation

[5] Lizzie Dearden, “Emmanuel Macron Hacked Emails: French Media Ordered by Electoral Commission Not to Publish Content of Messages,” U.K. Independent, May 6, 2017. URL: http://www.independent.co.uk/news/world/europe/emmanuel-macron-email-hack-leaks-election-marine-le-pen-russia-media-ordered-not-publish-commission-a7721111.html

[6] Damien Cowley, “DIRTY TRICKS: French Voters Receive Invalid, Damaged Le Pen Ballots,” Gateway Pundit, May 6, 2017. URL: http://www.thegatewaypundit.com/2017/05/dirty-tricks-french-voters-receive-invalid-damaged-le-pen-ballots/

[7] Fabrice Randoux, “Third of French Voters Spoiled Ballots or Abstained,” AFP (Agence France-Presse), May 7, 2017. URL: https://www.yahoo.com/news/third-french-voters-spoiled-ballots-abstained-232518210.html

Trump Quietly Urges Huge Human Transformation That Could Devastate the Left

By Lowell Ponte

While the Left urges people to reconsider their sexual identity and reject their nation by embracing global government, President Donald Trump is now giving us a reason to change the body in which we live.

The new Trump tax plan offers a potentially-hefty tax break to those who turn themselves into corporations. [1] Trump’s plan would lower the highest individual marginal tax rate to 35 percent – but would drop the corporate tax rate to 15 percent.

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The word “corporation” comes from the same Latin root word as corpse. A corporation is a body of the mind, a created identity, a “legal fiction” that lets the owner(s) live with a different set of laws, including tax laws.

Imagine being able to pay no U.S. taxes on foreign income until you decide to bring it back into the United States. Imagine transferring your “intangible” assets – not only patents and trademarks but also, e.g., your college degree – to a tax haven to keep income you earn from them from being taxed. Being a corporation can have many benefits. [2]

Even more infuriating to liberals than corporate tax avoidance has been the Supreme Court’s 2010 “Citizens United v. FEC” ruling that found corporations to have freedom of speech, and that held that government could not restrict or prohibit a corporation such as Citizens United from making independent political expenditures. Craig R. Smith and I discuss the implications of this in our latest book, Money, Morality & The Machine. [3]

In this and the later Hobby Lobby case, the Supreme Court implicitly ruled that such corporations possess expanding human rights – of speech and even of religious liberty. Corporations, for example, do not have a 5th Amendment right against self-incrimination, but they do possess 5th Amendment rights against being “taken” by the government without just compensation. Such rights derive from the long legal tradition that they are “persons.”
Progressives have for decades tried to take free speech rights away from capitalists and others who challenge the Leftist dogma – and in places like university campuses and the mainstream media, their intimidation has created a near-monopoly of Leftist speakers. Critics such as Ann Coulter are silenced.

The Left was furious at the Supreme Court ruling that government could not interfere with corporate cash buying a media platform for non-Leftist views. Progressives want free speech only for Leftist labor unions, ideologues, media and politicians, but no free speech for free market companies.

And imagine Leftist fury at President Trump giving Americans a powerful incentive to incorporate – and thereafter to favor government policies that will be friendly to business corporations and free enterprise. As New York Times columnist Neil Irwin put it: “For every child who grows up dreaming of having a limited liability company [a type of corporation] of his or her own, President Trump’s tax plan promises a dazzling future.” [4]

Leftists have their own plans for our future – an all-powerful welfare state with government in total control of everything. And how will they pay for this Heaven on Earth, this bureaucratic welfare dictatorship, when robots do all the work, and most humans are unemployed government dependents?

The socialist European Union already has a plan: the robots are to be “electronic persons,” not to give them rights but to make them taxable. Craig R. Smith and I explore this in Money, Morality & The Machine. [5] Higher taxes, more regulation, and the silencing of all non-Leftist human and corporate voices are the Left’s final solution to everything.
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To schedule a fascinating interview with Lowell Ponte, contact: Sandy Frazier at 516-735-5468 or email sandy@mystic-art.com.

For a free media copy of Money, Morality & The Machine, contact: David Bradshaw at 602-918-3296 or email him at ideaman@myideafactory.net
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Sources:

[1] Neil Irwin, “Under the Trump Tax Plan, We Might All Want to Become Corporations,” New York Times, April 28, 2017. URL: https://www.nytimes.com/2017/04/28/upshot/under-the-trump-tax-plan-we-might-all-want-to-become-corporations.html; Tim Worstall, “The Flaw In Trump’s Tax Plan – Why Don’t We All Become Corporations?” Forbes, April 29, 2017. URL: https://www.forbes.com/sites/timworstall/2017/04/29/the-flaw-in-trumps-tax-plan-why-dont-we-all-become-corporations/#28ce2d553961

[2] Catherine Rampell, “Corporations Are People. So What If People Were Corporations?” Washington Post, July 24, 2014. URL: https://www.washingtonpost.com/opinions/catherine-rampell-people-should-claim-the-same-rights-as-companies/2014/07/24/460aea0c-135b-11e4-9285-4243a40ddc97_story.html?utm_term=.fbe3475cb23c

[3] Craig R. Smith and Lowell Ponte, Money, Morality & The Machine: Smith’s Law in an Unethical, Over-Governed Age. Phoenix: P2 Publishing, 2016. Pages 139-140.

[4] Neil Irwin, “Under the Trump Tax Plan, We Might All Want to Become Corporations,” New York Times, April 28, 2017. URL: https://www.nytimes.com/2017/04/28/upshot/under-the-trump-tax-plan-we-might-all-want-to-become-corporations.html

[5] Craig R. Smith and Lowell Ponte, Money, Morality & The Machine: Smith’s Law in an Unethical, Over-Governed Age. Phoenix: P2 Publishing, 2016. Pages 174-175.

Ann Coulter and the Politics of Rape

By Lowell Ponte

Ann Coulter announced Wednesday that she has cancelled her planned speech at the University of California Berkeley. The reason: University officials persuaded her speech sponsors that the risk of violence (and financial costs to them) if she spoke was too great, so they withdrew their backing.

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Bill O’Reilly, meanwhile, has recently been fired by Fox News because of allegations of sexual harassment. One of several accusers said that O’Reilly “would come by her desk and would leer at her up and down. She felt like he was looking at her cleavage and it made her feel uncomfortable.” She also said he told her: “Looking good there girl” and referred to her as “hot chocolate.”

Not many decades ago, a judge would weigh such remarks against how a woman dressed and acted. To wear short skirts or low cleavage was sometimes used to justify sexist harassment, or even to defend a rapist’s outrageous claim that the woman was “asking for it.”

The good news is that we now are much more enlightened about women’s rights, and that such claims will never again be used to vindicate a sexual attacker.

The bad news is that this same rationale of past rapists is now used by political radicals. Ann Coulter has dressed herself in provocatively stimulating (and therefore dangerous) ideas, the radicals have said. And because this has aroused them emotionally, they are entitled to take her down by force.

The University of California Berkeley refused to guarantee Coulter’s safety. Emerging evidence of the Berkeley mayor’s links to radical activists suggested that, as in the past, city police have been ordered to stand down and let activists engage in violent, destructive behavior. Yet another attempt by Leftist partisans to impose a “heckler’s veto” on non-Leftist speakers seemed likely.

What should have been done? Attorney General Jeff Sessions could have sent federal marshals to defend Coulter’s right to speak, along with other federal law enforcers.

At the first sign of disruption, those radicals involved could be arrested and charged with violating Coulter’s civil rights and with interfering with a state university funded by taxpayers.

At the first sign of violence, those radicals could be arrested and charged as urban terrorists. They should also be charged under the conspiracy statutes with a long list of crimes, from civil rights violations to violence.

Everyone involved in any way with these terrorists should be investigated. During the last major outbreak by terrorists, who did $100,000 damage and injured several people in a plot to silence another conservative speaker, they received help from an Arizona foundation, which in turn received help from a George Soros foundation. These links should be tracked down, made public, and where appropriate prosecuted as accomplices to violence.

None of this, of course, will be done. Instead, the terrorists will win, as they did by silencing Coulter. They will go on to wage more and more violence to create fear and conformity – today against conservative speakers, tomorrow against capitalists and private property owners, and the day after that against anyone with traditional values who works and saves money.

The Leftist rapists will eventually assault us all, and Left-wing professors and journalists will excuse and justify every attack as America looks more and more like the “ultraviolence” of the 1971 movie “A Clockwork Orange.”

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To schedule an interview with Lowell Ponte (who is solely responsible for the opinions in this article), contact: Sandy Frazier at 516-735-5468 or email sandy@mystic-art.com.

For a free media copy of Money, Morality & The Machine, the 2016 widely-praised book co-authored by Craig R. Smith and Lowell Ponte, contact: David Bradshaw at 602-918-3296 or email ideaman@myideafactory.net

Will French Voters Shatter the European Union?

As with Trump, Populist Nationalism Could Shake the World

By Lowell Ponte

On Sunday, French voters rejected the elitists of all the ruling parties, right and left, and for the first time in generations chose two outsider candidates to contend for President in a May 7 runoff.

Marine Le Pen, 48, of the nationalist, anti-European Union party the National Front, came in second with roughly 22 percent of votes. And two points ahead of her was Emmanuel Macron, 39, who has never held elective office.

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The media are quick to tell us that Macron is “neither left nor right” and is a “centrist” who must win against “far right” Ms. Le Pen. But Macron is the former economy minister of socialist President Francois Hollande, who wrecked the French economy and sent hundreds of thousands of the brightest young French to Great Britain and other lands seeking opportunity.

Le Pen has said that her election would overthrow the “savage globalist” ruling establishment of the European Union (EU) by holding a national referendum, like Brexit, over whether to stay in the EU and use the Euro currency, through which Germany has largely conquered the rest of Europe.

The EU, as Craig R. Smith and I explain in our latest book Money, Morality & The Machine, was devised after World War II by French intellectual Jean Monnet. Monnet wanted it to replace European nations by melting them into one government, so no such war could happen again.

And, because Germany’s WWII dictator had been democratically elected, Monnet wanted the European Union to be created and ruled not by votes of the people, but by an elite of unelected Eurocrats, Progressive philosopher kings who “know better” than the people and keep increasing EU power bit by bit. When United Kingdom voters saw that 61 percent of their laws and regulations were being imposed by the EU, and that they no longer had sovereign control over who migrated into their country, they voted for Brexit to leave the EU.

Macron firmly supports the European Union and Euro, sharing this view held by the ruling parties from right to left that after the Sunday election endorsed him and called for a united front against French nationalist Le Pen.

A cynic might suspect that, knowing no Socialist could win after Hollande’s dismal failure, Macron ran as an unknown stealth socialist under his own new party label, En Marche! (which means “Forward” or “Onward” or “On the Move”).

Macron claims to favor more market freedom and smaller government, yet defends keeping the entire French welfare state. (France, with a population of 66 Million, has the world’s seventh largest economy, only slightly smaller than India, with a population of 1.25 Billion.) Macron was an investment banker who in a short career for Rothschild & Co. made as much as $3.1 Million.

At age 15, Macron, the son of two doctors, fell in love with his teacher, 24 years his senior, who left her husband and three children to marry the persuasive youngster. He loves poetry.

Macron is, as the New York Times calls him, “the establishment’s anti-establishment candidate.” He is for the EU, immigrants, and Muslims settling in France. He claims to be an independent but portrays himself “almost as the anti-Le Pen.” And, having the support of the ruling party elites and leftist globalists (e.g., he made a TV ad of a friendly telephone call days before the vote from Barack Obama), Macron is favored to win and keep France under globalist control in the EU, which is why Le Pen calls Macron the “candidate of oligarchs.”

Markets cheered, and the Euro briefly surged, at the prospect of Le Pen losing on May 7. She has repeatedly traveled to Moscow, praised Russia as a defender of Christianity, and taken almost $10 Million in loans over the last three years for her party from a small Russian bank. (Macron claims that Russia has been hacking his computers.) If Le Pen wins, the EU might shatter in the anti-EU, anti-globalist nationalist forces this would unleash across Europe and the world.

frexit-714a0She is nationalistic like Charles de Gaulle, who tried to make France the planet’s fulcrum of power by tilting between the United States and Soviet Union. She favors nationalist trade policies to protect French workers. And like De Gaulle, she claims France was not responsible for the genocidal anti-Semitism of the Vichy Government under German occupation because the “true” French Government was in exile in London. Le Pen purged her own father from the party, which he founded, for making anti-Semitic remarks.

The globalist establishment has used many tactics to minimize the National Front’s power. In Sunday’s election, 56 French villages, including several in the far north that tend to vote for the National Front, strangely registered zero votes for Le Pen.

Worse, the U.K. Express reported that a “computer blunder” had sent two voter cards to 500,000 French citizens outside the country – and hence, likely, globalists; this gave these mostly anti-Le Pen voters the opportunity to cast two votes, not one.).

As President, neither Macron nor Le Pen could do much without support of French lawmakers from the dominant parties. France’s election of legislators happens June 11 and 18. If Le Pen wins in May and June, we might see a Frexit – and her victory would shake the world economy. A restoration of national greatness, and dimming of globalism, will move forward on both sides of the Atlantic.


To schedule an interview with Lowell Ponte, whose ancestors 160 years ago were French utopians, contact: Sandy Frazier at 516-735-5468 or email sandy@mystic-art.com.

For a free media copy of Money, Morality & The Machine, contact: David Bradshaw at 602-918-3296 or email ideaman@myideafactory.net

IF YOU THOUGHT UNITED AIRLINES WAS BAD, THEN TAKE A LOOK AT YOUR BANK!

By Craig R. Smith and Lowell Ponte 

Americans were shocked to learn that a paying customer could be violently dragged off an airliner because United Airlines wanted to give his seat to someone else

40,629 people who had valid tickets have been involuntarily bumped from airliners, because airlines are allowed to sell more tickets than they have seats on each flight. But millions of us risk losing our savings because banks are allowed to lend long-term, or in other ways gamble by speculative investment with, the money they take in as short-term demand deposits. Our banks are a lot like United Airlines!

Most of us still assume that putting our money into a bank makes us safer. Instead, under current law you do not “own” your bank account. The bank does and can put it at risk, The government, under “bail-in” rules established by President Barack Obama, can confiscate every dollar in your account as “assets” that belong to the bank, not to you.

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Why, if you try to withdraw more than a small amount from your account, could your bank refuse to return the savings or retirement cash you entrusted to them? This is now almost routine at American banks.

And why, if you are lucky enough to withdraw your money, will the bank report this transaction to the Internal Revenue Service? (Surprise! Your bank is now required to spy on you by the government.)

In our free, updated 2017 White Paper Don’t Bank On It! Executive Summary, we explain 20 major reasons why your bank has become one of the riskiest places to put your money.

This began centuries ago, when people paid the goldsmiths of London to keep their gold coins in safes. The goldsmiths gave out paper receipts for this money, which depositors began trading with others like money. Most people left their gold untouched, so the goldsmiths began lending it for interest.

This was the beginning of “Fractional-Reserve Banking.” The goldsmiths gambled that if they kept a fraction of these gold deposits, they could pay the few customers who might suddenly want their gold back. Trouble was, if a national crisis happened, or if depositors lost faith in the goldsmiths, they could start a “run” on these bankers, with everybody demanding their lent-out gold at once. This could cause the system to collapse.

American banks practice such Fractional-Reserve Banking today – using short-term demand deposits to make long-term loans. The Federal Reserve now supposedly keeps banks reliable by using dubious “stress tests” to show that your bank has one percent to 10 percent of its assets in reserve.

After many lost their bank savings in the Great Depression, the government also created the Federal Deposit Insurance Corporation (FDIC) to insure bank accounts. Trouble is, the FDIC has only $25-$50 Billion in reserve, and in the most dire emergency might be able to scrape together half a trillion dollars.

This sounds impressive until you learn that the FDIC insures over $7 Trillion in bank deposits. It could cover at most only $1 out of every $14 deposited in American banks – roughly 7 percent.. If even one of the six biggest banks failed – because of hackers, cyber terrorists, a major bank run by customers, or many other causes – the FDIC might be unable to cover depositor

losses. Printing new dollars to cover this would destroy our currency’s value.

We have only “fractional reserve insurance“ covering our Fractional-Reserve deposits. The government is rushing to impose a “cashless society” because we have vastly more debt than we have money to pay it. If people wake up to this, our economy based on debased paper money would collapse.

No wonder that a veteran Harvard economics professor withdrew his life savings from one of America’s biggest banks. It’s a good time for all of us to take out our own “savings insurance” by moving a portion of our assets from shaky government dollars and banks into reliable hard money that will go up in value if the government economy built on mirage money goes down.

To schedule an interview with Craig R. Smith or Lowell Ponte, the co-author of seven financial books whose writing has appeared in the Wall Street Journal, contact: Sandy Frazier at 516-735-5468 or email sandy@mystic-art.com.

For a free copy of the 2017 updated White Paper Don’t Bank On It!, contact: David Bradshaw at 602-918-3296 or email ideaman@myideafactory.net