NC Renegades

Banks in the US and Europe are trying to develop a cashless transactions system. The concept is to establish a comprehensive ledger for a business or a person that records everything received and spent, and all of the assets held – mortgages, investment portfolios, debts, contractual financial obligations, and anything else of market value including pleasure boats, automobiles, and other machinery. There would be no need for cash because the ledger would tell you and anyone you were considering a transaction with how much is available and would be transactable at any specific moment. Any purchase, past or recent could be found and details provided whenever such information was sought. Governments would very much like such ledgers to exist because they could view everything that is taking place financially in real time, including ability to evaluate net worth, patterns of spending and of earned and unearned income, and of course, an instant assessment of all taxable activities. Governments would be able to gauge overall economic activity in real time, no longer needing to wait for months the collection of revenues and sales of businesses and surveys of consumer spending.

This is not a dreamy idea. Blythe Masters, the JP Morgan architect of organized market trading of modern asset backed securities like mortgage backed securities and collateralized debt obligations, became known as one of the great financial engineers in recent decades. Widespread adoption of the trading techniques she devised led to an historic expansion of credit to households and great corporations alike. Subsequently she led innovations in trading of both commodities securities and physical commodities. In 2015 she is leading a new business effort to develop a universal cashless system. Not only is she gathering significant investor interest, but the Federal Reserve and various US Government agencies have become keenly interested in the potential usefulness and efficiencies of a universal cashless system. Needless to say, agencies concerned with illicit uses of cash or cash enabled means of tax evasion are enthusiastic.

Estonia, a small country next to Russia with which I am personally familiar, essentially has a cashless economy. They use mobile phones to pay for almost all daily living requirements, including car parking, public transport, fuel, and in fact most of their daily purchases. This system does not yet include records of all personal assets, and especially personal gambling and other private activities. This hasn’t been developed here in the US yet, but one can envisage our government liking the idea.

More…

The Southern Poverty Law Center, an organization that has been linked in a federal courtroom to a domestic terror attack, now has added pro-life activists to its expanding list of targets, smearing the citizen journalists who are exposing Planned Parenthood’s sale of baby body parts as “extremists.”

In a post on its ominously titled blog “Hatewatch,” SPLC’s Mark Potok complained the group “behind the recent spate of undercover videos accusing Planned Parenthood of illegally selling ‘body parts from aborted fetuses’ is tightly linked to some of the country’s hardest-line anti-abortion extremists.”

Potok attacked the Center for Medical Progress, which produced the videos. But he also targeted Cheryl Sullenger and Troy Newman, leaders of the pro-life activist group Operation Rescue and the authors of “Abortion Free: Your Manual for Building a Pro-Life America One Community At a Time.”

More…

Come one! Come all! And bring your Friends and Relations!

WHEN: Tuesday, Sep 8, 2015 at 6:00 p.m
HOST: Act for America, Clarksville
WHERE: Montgomery County Public Library, Large Room. At 350 Pageant Lane, Clarksville, Tennessee 37040

Friend —

I’ve always loved the back-to-school season. I love feeling the air get crisper (at least what qualifies for crisp in Florida). And even more, I love getting back to work with my colleagues at the Capitol.

But Republicans in Congress are dead-set on rolling back the progress that Democrats like you and I have worked so hard to achieve. They’ve already said that they’re going to try to repeal Obamacare, after more than 50 unsuccessful attempts (and two Supreme Court rulings in the law’s favor). They want to completely defund Planned Parenthood, an organization that provides necessary health services to women across the country. And if they don’t get their way, they’re just fine with shutting down the government — again!

I’m going to be frank: That pisses me off. As a woman, a mother, and a cancer survivor, I say that we can’t stand for this kind of irresponsible behavior — and it’s exactly what we’ll see more of if Republicans retain their majority in 2016. The American people deserve better.

If you’re with me, chip in $3 right now to help elect more Democrats.

Thank you — I appreciate your support more than you know.

Debbie

Debbie Wasserman Schultz
Chair
Democratic National Committee

FEDS SPEND $236,517 FOR CELLPHONE GAME TO TEACH 11-YEAR-OLD KENYANS HOW TO USE CONDOMS

The National Institutes of Health (NIH) is spending over $200,000 to create a mobile game that will teach young teens in Kenya to use condoms.

The game also seeks to “educate very young adolescents” about HIV and “harmful gender norms.”

“The overall goal of the proposed project is to contribute to reductions in HIV incidence among youth in sub- Saharan Africa,” according to the NIH grant. “The objective of our proposed study is to advance that goal by developing, building and pilot-testing an interactive electronic game for preadolescents that will be informed by socio-behavioral and pedagogical theories, evidence-based practice, and unique formative research on youth sexual culture in sub- Saharan Africa.”

More…

Stolen from WRSA

Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar.  If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States.  In addition to Russia, that list of countries includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan.  Obviously this would not mean “the death of the dollar”, but it would be a very significant step toward the end of the era of the absolute dominance of the U.S. dollar.  Most people don’t realize this, but more U.S. dollars are actually used outside of the United States than are used inside this country.  If the rest of the planet decides to stop accumulating dollars, using them to trade with one another, and loaning them back to us at ultra-low interest rates, we are going to be in for a world of hurt.  Unfortunately for us, it is only a matter of time until that happens.

When I first read the following excerpt from a recent RT article, I was absolutely stunned…

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the euro from trade between CIS countries.

This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.

For a long time, tensions have been building between the United States and Russia over Syria, Ukraine, the price of oil and a whole host of other issues.  But I didn’t anticipate that things would get to this level quite yet.  It is expected that Putin’s new bill will become law, and this is only one element of a much larger trend that is now developing.

More…

History May Judge Iran Agreement as a Turning Point

Event will follow schedule of PATCONS before and will be updated as events/speakers/classes/sponsors/raffle items are added. (See below)

7th NC PATCON May 6th – 11th 2015