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Kenneth Schortgen Jr.

California legislators on the verge of treason against the Constitution and Federal government

Article 1, Section 10, Clause 1 of the Constitution. No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. Under Governor Jerry Bro ...

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Social media raises the bar on war against CNN by calling for boycott of their advertisers

For those who have been in isolation over the past few weeks, the months of June and July have not been very friendly to CNN.  And for the network that is front and center in the global mainstream media backlash by the people over their awakening to fake news and propaganda, perhaps the news network's last straw come in their attempting to take on the professionals of social media. Tweet by Poland's Preside ...

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Italian bank bailouts allowed despite EU rules because governments know you can only inflict a bail-in one time

Rules introduced by the EU last year forbid taxpayer money being used to rescue lenders without investors also taking a hit. But investors are to be protected under the deal pulled together by Rome and approved by the European Commission. - Express Over the past two weeks, the Italian government was given permission by the ECB to bailout three banks despite the fact that current rules within the European Un ...

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True Religion apparel becomes the next retailer to file for bankruptcy

When Moody's published their list of retailers who had strong potential to go bankrupt in 2017, the ratings agency may not have fully understood how prescient their forecasts were to be.  This is because in just the past two months, Rue 21, Gymboree, and a large restaurant conglomerate have all defaulted on debt payments and have been forced to seek bankruptcy protection. Now on July 5 we can add another ap ...

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Bitcoin and fiat currencies both fail the test of wealth protection, but for different reasons

"FIAT is a horrible long term store of value. Bitcoin is a horrible short term store of value." Advocates of Bitcoin have been trying to sell their point of view that it and other cryptocurrencies are a viable form of money.  But like their primary competitor, that being sovereign fiat currencies, they each fail in their basic foundations under the definition of money. These are the seven necessary characte ...

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State of New Jersey officially designates Antifa as a terrorist organization

In the War on Terrorism it is often difficult to determine just how dedicated the U.S. government is in fighting against individuals and agencies who use violence and terror to achieve political means.  50 years ago, the FBI made a concerted effort to take down the Ku Klux Klan because they rightfully were seen as a terrorist organization, using both terror and violence to try to destroy the civil rights of ...

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Debt levels now so great in the U.S. that both the Federal government and two states can’t pass budgets

Because of too many promises politicians couldn't keep, nearly every state in some capacity has fiscal problems that make it more difficult each year to pass a responsible budget.  But for two states, along with the Federal government itself, they have reached the point where they can't even pass a budget at all. We have written extensively about the state of Illinois' inability to deal with its underfunded ...

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Global debt continues to be 325% of the world’s annual GDP

There remains to be an underlying question in the global economy as the world's central banks begin to tighten the screws on their policies of cheap money.  And that is, since the banks and economy have relied almost solely on the Fed, ECB, BOJ, and Bank of China's printing of 10's of trillions of dollars to 'stimulate' the financial system, what is bound to happen once they turn off the monetary spigots? T ...

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New York seeking to pass legislation allowing cops to download contents of your Smartphone as a requirement to drive

As the 4th Amendment continues to disappear into the annals of history for most Americans, the number of laws being passed at both the state and Federal levels to search and seize your property without consent is growing.  And in a new law being pushed forth by the state legislature of New York, the police will soon have the power and authority to confiscate and download all of your data kept on your Smartp ...

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New IMF report suggests dollar is 10-20% overvalued

On June 27, the IMF published a report which validated what many in the alternative media knew already... that economic growth over the past nine years following the 2008 financial crisis has been much worse than 'officially' reported.  And because of this, and because of several other factors such as increases to the national debt, the current value of the dollar is estimated to be 10-20% higher than it sh ...

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Ancillary EU nations continue to reject the Euro which is a requirement for full membership

On June 26 Andrej Babis, the man who is expected to take over the Czech Republic come October, cited that the people of his country do not want to integrate the Euro currency into their monetary system in a poll that showed 72% of the population are against abandoning the Koruna. What is significant about this is that accommodation of the continental currency is a requirement for full membership into the Eu ...

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First Spain, and now Italy as ECB rushes in to deal with insolvent PIIGS banks

A couple of weeks ago, the ECB engineered the final collapse of Banco Popular by allowing Santander to purchase the institution for one euro, and then providing funds to help shore up and recapitalize the bank following the takeover.  And despite EU rules which prohibit bailout interventions, the European Central Bank went around these statutes because Banco Popular's fall would mean severe problems for Ger ...

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