Google: Search Engine or Deep State Organ?

 

Today’s post should be read as Part 3 of my ongoing series about the now infamous Google memo, and what it tells us about where our society is headed if a minority of extremely wealthy and powerful technocratic billionaires are permitted to fully socially engineer our culture to fit their ideological vision using coercion, force and manipulation. For some context, read Part 1 and Part 2.

I struggled with the title of this piece, because ever since the 2016 election, usage of the term “deep state” has become overly associated with Trump cheerleaders. I’m not referring to people who voted for Trump, whom I can both understand and respect, I’m talking about the Trump cultists. Like most people who mindlessly and enthusiastically attach themselves to political figures, they tend to be either morons or opportunists. Continue reading

U.S. Treasury, Fed planning for possible default – source

U.S. Treasury and Federal Reserve officials worried about the growing possibility of a catastrophic default are crafting contingency plans to mitigate the economic fallout if Congress fails to extend America’s borrowing authority, a source familiar with the plans said.

With just eight days before the Treasury Department says the U.S. will hit its $16.7 trillion (10.46 trillion pounds) borrowing limit, lawmakers and the White House remain far from a deal to extend it. Officials are examining what options might be available to calm financial markets if a U.S. debt payment is missed.

The specifics of their planning remain unclear, but the source said an area of special focus is a key bank funding market known as the tri-party repurchase agreement, or repo, market, where banks often use Treasury bills, notes and bonds as collateral for short-term loans from other banks and big money market funds. Continue reading