The Problem of De-Banking

Pushing Back Against ‘De-Banking’ Due to Discrimination by Banks of Certain Viewpoints

On paper, Zulfat Suara and Steve Happ don’t have much in common.

One, a Muslim woman, immigrated to the U.S. from Nigeria in the 1990s and now serves on the Nashville City Council. The other, a Christian man, is a Memphis native with a background in software who began a ministry partnering with Ugandan non-profit charities that care for orphaned and at-risk children in 2015.

But they do have at least one thing in common: Both were canceled by large national banks with little warning and virtually no explanation.

Suara, who like Happ, is also involved in non-profit work, received a vaguely worded notice of cancelation from Regions Bank earlier this year, giving her 30 days to find a new bank. Happ’s cancelation by Bank of America came in 2023 shortly before he made a trip overseas—forcing him to scramble for solutions and delay hard-earned paychecks to Ugandans.

Happ’s notice said he was operating in the wrong “business type.” As we reported in this year’s report for our Viewpoint Diversity Score Business Index, which measures corporate respect for free speech and religious liberty, these problematic policies are present in at least 69% of the country’s largest financial institutions.

Incidents like these are a small sample of a larger trend of viewpoint-based discrimination in financial services—known as “de-banking”— which has also affected firearms and fossil fuels because of radical net zero emissions commitments and government initiatives like Operation Choke Point. It has also garnered the attention of both sides of the political aisle.

These incidents propelled Tennessee lawmakers to adopt a landmark legislative solution aimed at curbing this dangerous weaponization of the financial system. Like a similar law that recently went into effect in Florida, the legislation is a first-of-its-kind consumer protection bill that prohibits big banks from canceling customer accounts based on their constitutionally protected speech and religious exercise.

The Tennessee law applies to banks with at least $100 billion in assets—which includes both Regions and Bank of America—the latter of which has also been exposed by U.S. House oversight as working hand-in-hand with the U.S. Department of Treasury to profile as domestic terrorist threats my organization, Alliance Defending Freedom, and everyday Americans who committed the sin of shopping at Bass Pro Shops or buying “religious texts.” It should come as no surprise that this same government entity has now spoken out in opposition to these state-level attempts to protect the God-given freedoms guaranteed by the First Amendment.

In a recent letter lauded in these pages by Hispanic Leadership Fund president Mario H. Lopez, the Treasury makes a series of false assertions about Tennessee and Florida’s laws. Chief among these specious claims is that the laws prevent Treasury’s Financial Crimes Enforcement Network (FinCEN) from dealing with money launderers and terrorist threats.

There’s no need to provide a nuanced answer to this accusation. It’s simply untrue. Twenty state attorneys general recently responded to this letter and rightly observed that the standards the Treasury is attacking in the state laws are the exact same standards the Office of the Comptroller of the Currency proposed—and the Treasury did not object to—only a few years ago.

Likewise, Lopez’s reactionary appeal to free market principles fails. Banks don’t operate in a free market. ESG is avowedly anti-free market. And the market is not free if access depends on your political and religious views.

First, banks are highly regulated. But in exchange for those regulations, they benefit from a wide spectrum of government subsidies. Those include bailouts, tax credits, property tax abatements, and grants at the state and federal levels. Since 1998, for example, JPMorgan Chase has received over $1.7 trillion from American taxpayers in the form of subsidies.

Second, ESG activists, and even government regulators, are introducing non-financial and subjective factors into decision-making by classifying groups like mine as domestic terrorist threats and denying service to ministries that support orphans and widows for being the wrong “business type.” Someone should explain how these groups, or those of Christian broadcaster Lance Wallnau or U.S. Ambassador Sam Brownback, present national security threats. Of course, one of the features of the state laws is that customers like Wallnau and Ambassador Brownback can demand a written explanation from the banks.

Read full article here…

from:    https://needtoknow.news/2024/08/pushing-back-against-de-banking-due-to-discrimination-by-banks-of-certain-viewpoints/

What’s “Living” in Your Body?

New Study from Japan: Covid Shots Installed Nanobots

A new Japanese study shows that Pfizer and Moderna vaccines contain unauthorized “animated worm-like” entities, invisible to the human eye, which swim, wiggle, and assemble themselves into complex structures, which cause clots inside the body. Researchers Dr. Young Mi Lee and Dr. Daniel Broudy isolated unused Pfizer and Moderna vaccine vials for 3 weeks, and then examined them under 400X magnification. They noticed that when the nano-technology was energized, it created “discs, chains, spirals, tubes, and right-angle structures.” The scientists believe these mysterious nanoparticles are responsible for the explosion of “turbo cancer” and autoimmune diseases around the globe. They also concluded that humans into controllable “Biohybrid Magnetic Robots.” The suggested that the smart microscopic components are part of the elite’s “long-planned well-funded Internet of Bodies,” which was described as a kind of “synthetic global central nervous system” turning humans into controllable “Biohybrid Magnetic Robots.” The researchers called for a ban on mRNA shots. They also demanded the labels “vaccine” and “safe and effective” be removed because the substances are not vaccines and they are dangerous..

Link for Study:   Real-Time Self-Assembly of Stereomicroscopically Visible Artificial Constructions in Incubated Specimens of mRNA Products Mainly from Pfizer and Moderna: A Comprehensive Longitudinal Study

From Seemorerocks:

Another Confirmation Of Self Assembly Nanotechnology In COVID Bioweapons: Remarkable Longitudinal Study And Culture Work Of COVID Shots For Up To 12 Months And Cellular Toxicity Studies

New Japanese study proves Pfizer and Moderna v*ccines contain unauthorized “animated worm-like” entities, invisible to the human eye, which swim, wiggle, and assemble themselves into complex structures, which cause clots inside the body. (What embalmer Richard Hirschman found and exposed in the film Died Suddenly).

Dr. Young Mi Lee and Dr. Daniel Broudy from Okinawa Christian University discovered these “undisclosed additional engineered components” by isolating unused vaxx vials for 3 weeks, and then examined them under 400X magnification.

Lee and Broudy saw that when the nanotechnology was energized it created “discs, chains, spirals, tubes, and right-angle structures.”

The researchers, who published their findings in the International Journal of Vaccine Theory Practice and Research, believe these mysterious nanoparticles are responsible for the explosion of “turbo cancer” and autoimmune diseases around the globe.

They also concluded in the study their suspicion that these smart microscopic components are part of the elite’s “long-planned well-funded Internet of Bodies,” which was described as a kind of “synthetic global central nervous system” turning humans into controllable “Biohybrid Magnetic Robots.”

The study ends by calling for a global ban on all mRNA shots, until these nanobots are studied long-term. They also demanded the labels “v*ccine” and “safe and effective” be removed because the concoction injected into billions is officially neither.

Another Confirmation Of Self Assembly Nanotechnology In COVID Bioweapons: Remarkable Longitudinal Study And Culture Work Of COVID Shots For Up To 12 Months And Cellular Toxicity Studies

In this important study, Dr Young Mi Lee with Dr Daniel Broudy describes her culture findings of Pfizer and Moderna Bioweapons. Many different studies were done, including incubation of the COVID injections, cellular effects upon blood and semen specimen. The tests showed direct toxicity to semen and death of all sperm within minutes up to 1.5 hours in the healthiest donor samples when put in contact with the “vaccine” solution. EMF exposure was also tested, in addition with different supplements and treatment solutions. For this substack, select images were taken from the article which is 66 pages long. Please refer to this link and download the paper – please share widely – this is one the most comprehensive and long term study of the COVID injections and their cellular effects to date. The findings are entirely consistent with all prior research findings of self assembly nanotechnology from the injectables.

Real-Time Self-Assembly of Stereomicroscopically Visible Artificial Constructions in Incubated Specimens of mRNA Products Mainly from Pfizer and Moderna: A Comprehensive Longitudinal Study

Abstract

Observable real-time injuries at the cellular level in recipients of the “safe and effective” COVID-19 injectables are documented here for the first time with the presentation of a comprehensive description and analysis of observed phenomena. The global administration of these often-mandated products from late 2020 triggered a plethora of independent research studies of the modified RNA injectable gene therapies, most notably those manufactured by Pfizer and Moderna. Analyses reported here consist of precise laboratory “bench science” aiming to understand why serious debilitating, prolonged injuries (and many deaths) occurred increasingly without any measurable protective effect from the aggressively, marketed products. The contents of COVID-19 injectables were examined under a stereomicroscope at up to 400X magnification. Carefully preserved specimens were cultured in a range of distinct media to observe immediate and long-term cause-and-effect relationships between the injectables and living cells under carefully controlled conditions. From such research, reasonable inferences can be drawn about observed injuries worldwide that have occurred since the injectables were pressed upon billions of individuals. In addition to cellular toxicity, our findings reveal numerous — on the order of 3~4 x 106 per milliliter of the injectable — visible artificial self-assembling entities ranging from about 1 to 100 µm, or greater, of many different shapes. There were animated worm-like entities, discs, chains, spirals, tubes, right-angle structures containing other artificial entities within them, and so forth. All these are exceedingly beyond any expected and acceptable levels of contamination of the COVID-19 injectables, and incubation studies revealed the progressive self-assembly of many artifactual structures. As time progressed during incubation, simple one- and two-dimensional structures over two or three weeks became more complex in shape and size developing into stereoscopically visible entities in three-dimensions. They resembled carbon nanotube filaments, ribbons, and tapes, some appearing as transparent, thin, flat membranes, and others as three-dimensional spirals, and beaded chains. Some of these seemed to appear and then disappear over time. Our observations suggest the presence of some kind of nanotechnology in the COVID-19 injectables.

  • Save

Figure 5. Direct microscopic findings observed in two dimensions magnified 400X: (a) Remnants and new Pfizer injectables, directly observed as well as after incubation for 1 -2 days. (b) Moderna and 4 dried COVID-19 injectables (Pfizer, Moderna, AstraZeneca, and Novavax).

Figure 6. Interactions observed for whole blood(a)/plasma(b) with Novavax at 400X magnification: (a) Within 1 hour, blood cells formed a prominent barrier against “vaccine” contents. (b) After 30 minutes, severe aggregates of red blood cells in rouleaux appeared in the plasma specimen.

Figure 7. Plasma reactions after two hours with four COVID-19 injectables — Pfizer, Moderna, Novavax, and AstraZeneca: (a) Pfizer showing cellular collapse (pyknosis) of white blood cells and damaged platelets; (b) Moderna with stacks of red blood cells (rouleaux); (c) Novavax with the nucleus of white blood cells disintegrating (karyorrhexis), abnormal platelet aggregations, and some rouleaux of red blood cells; and (d) AstraZeneca with prominent Rouleau of red blood cells.

Figure 8. Reaction of semen to COVID-19 injectables at 200X magnification: (a) semen with normal saline as a control added after two hours; (b) with flu vaccine added as a control after 1.5 hours showed sperm cells with intact morphology and with typical progressive natural reduction in sperm motility; (c) 30 minutes after Pfizer-1 injectable was added, sperm motility showed rapid reduction; (d) Pfizer-1 after one hour, all sperm motility ceased;

(e) 30 minutes after Moderna. injectable added; (f) one hour after Moderna was added sperm cells were completely immotile; (g) 30 minutes after Novavax was added; (h) one hour after Novavax, all motility ceased.

Figure 11. Findings for Pfizer incubation study for 372 days; (a) Day 22, this is what we describe as a beaded chain (at 400X magnification); (b) Day 24, 2- dimensional geometric self-assembly at the bottom (at 200X magnification) in normal saline; (c) Day 60, floating 3-dimensional detailed chip-like structures (at 400X magnification) in distilled water; (d) and (e) day 60, accumulated 3-dimensional chip-like structures within an oval shaped boundary (200X/400X) in distilled water; (f), (g), (h), (i) Floating filaments shedding bubbles inside and outside in normal solution at day 95 (100x/100x/200x/200x); (j), (k), (l), (m) Progressive degenerative changes in distilled water 200X (day 82/day 256/day 306/day 372).

 

Read full article from Seemorerocks at Substack

Warning:  Video contains graphic blood clot extraction.

Click for video link

Click for video transcript

from:    https://needtoknow.news/2024/08/new-study-from-japan-covid-shots-installed-nanobots/

The Dangers of Central Bank Digital Currency

Excellent 40 minutes of Catherine Austin Fitts on CBDCs (which may be rolling out next in New Zealand, after a failed launch in Nigeria last year)

They try things out in one setting, then another, till they get it right

In this installment of our series ‘Our Digital Future’, Alistair Harding speaks to financial guru Catherine Austin Fitts about the unified ledger, programmability, and the possibility of central bank control over how we spend our money.

https://realitycheck.radio/replay/our-digital-future-catherine-austin-fitts-cbdcs-on-the-unified-ledger-programmability-and-the-possibility-of-central-bank-control-over-how-we-spend-our-money/

And about that failed launch in Nigeria.

Why Did CBDC Fail in Nigeria? Valuable Lessons for Developing Countries

By Tuhu Nugraha

October 22, 2023

https://moderndiplomacy.eu/2023/10/22/why-did-cbdc-fail-in-nigeria-valuable-lessons-for-developing-countries/

In the rapidly digitizing era, many nations are eyeing Central Bank Digital Currency (CBDC) as the future solution for payment systems. However, Nigeria’s case illustrates that transitioning to CBDC isn’t a straightforward path, especially for developing countries.

Based on an analysis by Nicholas Anthony on Coindesk, the Nigerian government attempted to propel a transition to a cashless economy by implementing a Central Bank Digital Currency (CBDC). Yet, the imposed cash usage restrictions led to public protests demanding the restoration of paper money. Despite the government’s efforts to boost CBDC adoption, such as removing access restrictions and offering payment discounts, these initiatives proved fruitless.

Moreover, with cash withdrawal limits and currency redesigns, the situation worsened, triggering a cash shortage and escalating public dissatisfaction. Consequently, CBDC adoption in Nigeria remains abysmally low, with less than 0.5% of the population using it, while over 50% have embraced cryptocurrency. What can we learn from Nigeria’s CBDC failure?…

What!!!

Democrat Raskin Says Congress will Stop Trump From Taking Office Even if He’s Chosen by the Voters and Create “Civil War Conditions” (VIDEO)

Democrat Rep. Jamie Raskin earlier this year said Congress will stop Trump on January 6, 2025 and create “civil war conditions.”

The February 2024 video of Raskin was making the rounds on Monday.

Raskin said Congress will use the insurrection clause to stop Trump from taking office even if he wins the 2024 election.

“What can be put into the Constitution can slip away from you very quickly and the greatest example going on right before our very eyes is section three of the 14th Amendment which they’re just disappearing with a magic wand as if it doesn’t exist even though it could not be clearer what it’s stating,” Raskin said earlier this year at author Rick Hasen’s book talk and reading at Politics and Prose book store in Washington, D.C.

Raskin then said Congress will stop Trump on January 6, 2025 and issued a thinly veiled threat to US Supreme Court Justices.

“And then they want to kick it to Congress so it’s going to be up to us on January 6, 2025 to tell the rampaging Trump mobs that he’s disqualified and we need bodyguards for everybody in civil war conditions all because the nine justices – not all of them but these justices who have not many cases to look at every year, not that much work to do – a huge staff, great protection, simply do not want to do their job and interpret what the great 14th Amendment means,” Raskin said.

WATCH:

 

Additional footage of Raskin’s remarks:

from:    https://www.thegatewaypundit.com/2024/08/democrat-raskin-says-congress-will-stop-trump-january/

Ah, The Evil Twins

Kamala Harris Picks Radical Minnesota Governor Tim Walz as Her VP Running Mate

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From Reason:

Vice President Kamala Harris has chosen Minnesota Gov. Tim Walz as her running mate. Walz was a moderate Democrat when he served in the House of Representatives but veered left during his two terms as governor. He referred to socialism as synonymous with neighborliness, pursued an extremely progressive governing agenda, and earned an F from the Cato Institute on fiscal policy.

Vice President Kamala Harris has chosen Minnesota Gov. Tim Walz as her running mate. Walz was a moderate Democrat when he served in the House of Representatives but veered left during his two terms as governor. He referred to socialism as synonymous with neighborliness, pursued an extremely progressive governing agenda, and earned an F from the Cato Institute on fiscal policy.

Another notable thing about Walz is that he served as governor during the COVID-19 pandemic. It is thus possible to parse his approach to the virus—and that record is extremely disturbing. Indeed, Walz’s coronavirus policies were extremely heavy-handed and restrictive; under his leadership, the state endured the pandemic in a fundamentally anti-libertarian fashion.

When the coronavirus was first spreading, Walz was an enthusiastic promoter of social distancing rules. He described the crowds in public, outdoor spaces as “a little too big.” He even defended Minnesota’s ridiculous hotline for COVID-19 snitches. That’s right: Walz’s government maintained a method for people to report their neighbors for failing to abide by social distancing rules. Walz insisted in a recent interview that “one person’s socialism is another person’s neighborliness”; denouncing one’s neighbors as insufficiently loyal to government policies is a fundamental aspect of socialism, however.

When asked by Republicans to take down the hotline, Walz responded: “We’re not going to take down a phone number that people can call to keep their families safe.”

And though Walz instructed police to merely issue citations to people caught violating stay-at-home orders—which is still bad enough—he also maintained the right, via executive order, to issue $1,000 fines and send violators to jail for 90 days. His government maintained that private, indoor gatherings should be limited to 10 people. Outdoor gatherings were arbitrarily capped at 25 people. On July 23, 2020, Walz declared a statewide mask mandate for most indoor spaces and even some outdoor spaces.

“If we can get a 90 to 95% compliance, which we’ve seen the science shows, we can reduce the infection rates dramatically, which slows that spread and breaks that chain,” Walz said at the time. “This is the way, the cheapest, the most effective way for us to open up our businesses, for us to get our kids back in school, for us to keep our grandparents healthy and for us to get back that life that we all miss so much.”

What followed was the implementation of one of the stupidest COVID-19 rules: Diners at restaurants had to wear masks while walking to their table and moving about the establishment but were allowed to go maskless as long as they were eating and drinking.

Later, in November and December of 2020, Walz issued and extended orders for restaurants, gyms, and other businesses to shut down. This included outdoor dining service for eating establishments. Over 150 businesses formed the Reopen Minnesota Coalition and urged the governor to relent, but Walz was unmoved.

By the spring of 2021, vaccines were widely available for the most at-risk groups, and people who wanted to protect themselves from the risk of severe disease and death were able to exercise that option. It was only at this point that Walz partly relented and allowed widespread reopening; however, he kept capacity limits in place for many businesses.

These nonsensical policies—the efficacy of which is now doubted by top U.S. health officials—are not unique to Minnesota; in fact, they were commonplace in blue states. But Walz was as vigorous an enforcer of them as any of his Democratic peers.

He was also one of the foremost defenders of a monstrous COVID-19 policy choice: sending sick, elderly patients back to nursing homes where the infection often spread to other vulnerable people, causing a disproportionate number of coronavirus deaths in such settings. A cover-up of nursing home deaths in New York brought an end to the political ambitions of Gov. Andrew Cuomo, who lied about his involvement in this policy. But Walz was a fellow practitioner; in fact, Walz said that it was “not a mistake” to release sick people back to nursing homes. That statement alone reflects poor enough judgment as to be disqualifying for the pursuit of higher office.

from:    https://needtoknow.news/2024/08/kamala-harris-picks-radical-minnesota-governor-tim-walz-as-her-vp-running-mate/

Taking A Look At The Craziness

Debunking the False Political Hopium Paradigm with Indie Media Veterans

By Derrick Broze

On August 4, 2024, veterans of indie media with combined experience totaling nearly 80 years came together to discuss the ramping up of political propaganda surrounding Donald Trump and the U.S. Presidential (s)election.

They discuss the importance of understanding the divide and conquer tactics, 5th Generation Warfare, and the “Mainstream Alternative Media”.

The group also discusses some ideas for real solutions outside of the political puppet show.

Featuring:

Source: The Conscious Resistance Network

from:  https://www.activistpost.com/2024/08/debunking-the-false-political-hopium-paradigm-with-indie-media-veterans.html

Covid — Where Are You?

Ex-Pfizer VP Blows Whistle: ‘No Evidence’ Covid ‘Actually Exists’

Pfizer’s former vice president and chief scientist for allergy and respiratory, Dr. Michael Yeadon, has blown the whistle to warn that there is “no evidence” that COVID-19 “actually exists.”

Yeadon joined a growing number of top scientists who are speaking out to assert there is no sufficient evidence that either the COVID-19 virus or any other virus exists.

As a result, there was never any evidence to support a pandemic during the Covid era.

Despite this, Yeadon says the Covid pandemic led to the killing of many with “a monstrous, long-planned attack on helpless civilians by coordinated, lethal, central planning.”

“Face it. The evidence is that our governments hate us and want us dead,” the retired executive said in a statement.

Yeadon spent over 30 years working for the largest pharmaceutical companies in the world.

He rose to the most senior research position in his field at Pfizer before resigning in 2011.

Yeadon left Pfizer to start his own biotech company, Ziarco, which he later sold to Novartis in 2017.

The British scientist is well-known for his acute criticism of the COVID-19 “supranational operation.”

Since the pandemic, he has been speaking out to warn the public that Covid mRNA injections are intended to “maim and kill deliberately.”

In a 2022 interview, Yeadon shared that as a result of conversations with fellow scientists.

The scientists came to the conclusion that virology itself was based on the unestablished premise that “viruses” actually exist.

And after significant personal research he eventually “realized over time” he could “no longer maintain” his “understanding of respiratory viruses.”

After obtaining further information, this “collapsed the possibility that respiratory viruses, as described, exist at all. They don’t,” he concluded.

In recent decades, some medical scientists have pointed out that “no particle has ever been sequenced, characterized, studied with valid controlled experiments and shown to fit the definition of a virus.”

Therefore, virology “has consistently failed to fulfill its own requirements to prove” viruses even exist.

Furthermore, Canadian researcher Christine Massey has made Freedom of Information Act (FOIA) requests to hundreds of scientific institutions in 40 different countries.

The requests are “asking for any records of anyone in the world ever finding this alleged (SARS-CoV-2) virus in the bodily fluid or tissue or excrement of any people anywhere on earth by anyone ever.”

“To date, we have responses from 216 different institutions in 40 different countries,” she said.

“And so far, no one has been able to provide us with even one record.”

“They can’t cite any record,” she notes.

“So they have all admitted that they don’t have a sample of the alleged virus and they don’t even know of anyone else who ever did obtain a sample of this alleged virus.”

Massey and her colleagues followed up to make similar FOIA requests seeking “any record of any alleged virus that supposedly infects humans being purified from a sick person.

“And they admitted that they didn’t have any whatsoever.”

Yeadon was asked by world-renowned cardiologist Dr. Peter McCullough to respond to a statement defending the dominant view that viruses have been demonstrated to exist.

He provided an extended reply seeking to offer readers further challenging arguments to consider for themselves.

In proposing one point in his reasoning, McCullough said:

“For those who are kind of denying the presence of the (COVID-19) virus, I think we’re approaching 300,000 peer-reviewed papers on the topic.

“I mean, this is a mountain of evidence to dismiss out of hand.”

Yeadon replied, proposing:

My initial concerns are mainly with the attempt to pretend that lots of papers asserting the same unproven thing bolsters the unproven claim. It simply doesn’t.

Back in the day when people thought the earth was stationary and the sun orbited earth, had there then been ‘peer reviewed papers’, all the reviewers would pass papers on earth centric systems.

The numbers don’t make it correct.

Merely that once group think sets in, almost everyone will interpret evidence in that light.

This continues until unequivocal evidence emerges to counter the errors of thinking.

Yeadon, a doctoral expert in respiratory pharmacology and a specialist in toxicology, argues that the Covid pandemic was a crime against humanity that should be viewed as an attack.

However, he warns that “the perpetrators are going to do it again.”

from:    https://slaynews.com/news/ex-pfizer-vp-blows-whistle-no-evidence-covid-actually-exists/

What Is Musk Looking At?

Whitney Webb: This Is Why Elon Musk Really Bought Twitter!

She said that Peter Thiel’s Palantir decides who goes on the domestic terror watchlist for the CIA based on individuals’ internet activity. In the second video, Webb linked all of the heads of the major social media platforms with Jeffrey Epstein.

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What Goes Up….

Nearly $2 Trillion Wiped Out from Stock Market as Fears of Global Recession Spark Panic Among Investors — Warren Buffett Dumped Nearly Half of Apple Stake and Holds $277 Billion in Cash Reserve

The first Monday in August has arrived with panic sweeping through the finance sector, as nearly $2 trillion was wiped out of the S&P 500 at market open. Investor anxiety over a looming global recession triggered a selloff that sent U.S. stock futures plummeting and raised urgent questions about the Biden’s administration’s economic policies.

As trading began on August 5th, a staggering $1.93 trillion was wiped out from the S&P 500, with stock index futures taking a massive hit. S&P 500 futures fell more than 4.4%, while Dow futures were down 3%, translating to a loss of 1,212 points. The Nasdaq 100 futures fared even worse, plummeting over 5.2%, according to Watcher.guru.

The Nasdaq has never been down by that amount in its history.

WATCH:

In a striking move, investor Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter, according to CNBC.

Buffett’s recent actions have raised eyebrows across Wall Street; the 93-year-old investment titan has been on a massive selling spree, offloading over 75 billion** in equities during the second quarter alone. This aggressive liquidation has raised Berkshire’s cash reserves to an unprecedented **277 billion, an all-time high for the conglomerate. Notably, Buffett also began selling his second-largest holding, Bank of America, in July.

 

According to Quartz:

Warren Buffett’s Berkshire Hathaway has $234.6 billion worth of short-term investments in U.S. Treasury bills, the massive conglomerate’s second-quarter earnings report Saturday showed.

Buffett has always been a fan of U.S. Treasury bills (also known as T-bills). At the annual Berkshire conference in May, the 93-year-old investor called them “the safest investment there is.”

Treasury bills are short-term securities issued — and backed — by the U.S. government. They are issued in maturities ranging from four weeks to 52 weeks, at a minimum purchase amount of $100. The bills then increase in value to pay off their entire face value at maturity.

With Berkshire buying up $229.5 billion in T-bills and fixed maturity securities in the first six months of the year, it surpassed the Federal Reserve in its investment into the securities. The Federal Reserve reported last week that it holds $195.3 billion in the bills.

 

Elon Musk weighed in on Buffett’s strategy, stating, “He [Buffett] is clearly expecting a correction of some kind or otherwise simply cannot see better investments than Treasury bills.”

“The Fed needs to drop rates. They have been foolish not to have done so already,” he added.

 

Meanwhile, Joe Biden’s senior economic advisor, Gene Sperling, resigned on Monday after stocks tumbled around the world.

from:    https://www.thegatewaypundit.com/2024/08/economic-crisis-looms-2-trillion-wiped-stock-market/

How Organic is your Organic?

You pay more for your organic foods.  How certain are you that it is truly organic?

Organic Food Safety: Navigating Labels and Finding Local Sources

Analysis by Dr. Joseph Mercola

VIDEO LINK:    https://www.youtube.com/watch?v=VApvWG9gpk8&t=1341s

STORY AT-A-GLANCE

  • In my interview with organic industry watchdog Mark Kastel, we discuss how the organic food industry has grown significantly, but challenges remain with labeling integrity. Local, direct-from-farmer organics are generally more reliable than large-scale commercial organics sold in supermarkets
  • Imported organic products face issues of fraud and regulatory loopholes. “Group certification” allows large agribusinesses to avoid proper inspection, particularly affecting products like hazelnuts from Turkey
  • Nutritional considerations extend beyond organic certification. Even organic practices may not align with optimal nutrition, as seen in chicken feed choices and the debate between brown and white rice
  • Consumers can find authentic organic products by buying local, using online resources, checking certifier names, and looking for 100% grass fed and finished meat. OrganicEye provides valuable information for making informed choices

The organic food industry has grown tremendously over the past few decades, but concerns remain about the integrity of organic labeling and certification. In my eye-opening interview with organic industry watchdog Mark Kastel, he discusses the challenges facing organic consumers and farmers, offering insights on how to find truly healthy, ethically produced food.

Kastel co-founded The Cornucopia Institute, which celebrates its 20th anniversary in 2024, and is also executive director and founder of OrganicEye. He notes that while the 1990 Organic Foods Production Act was well-intentioned, its implementation has been problematic:1

“Congress, in 1990, passed the organic foods production act. It gave the USDA [U.S. Department of Agriculture] the responsibility to protect industry stakeholders, so farmers, ethical business people and eaters, consumers, protect them from unfair competition and fraud. And the legislation itself is really pretty solid and well-intended.

Unfortunately, like a lot of things that happen, it gets handed over to the bureaucrats in Washington and the political appointees of both parties. Something gets lost in translation.”

Kastel explains that, initially, the USDA was resistant to regulating organic food, viewing it as just a “marketing scheme.” However, as the U.S. organic food industry has grown to $61.7 billion annually,2 large agribusiness corporations have bought out many pioneering organic brands.

This has led to efforts to make organic certification less rigorous and more profitable. Globally, the organic industry is now a $205.9 billion industry, projected to reach a worth of $532.72 billion by 2032.3

The Two Faces of Organic

organic industry structure

According to Kastel, there are essentially two organic labels consumers encounter:

1.Local, direct-from-farmer organics — These include farmers markets, community-supported agriculture (CSAs) and independent local retailers who source directly from farms they know. Kastel states he’s found “virtually no fraud on that local level.”

2.Large-scale commercial organics — This includes major brands sold in supermarkets and big box stores. These products may come from overseas or large industrial operations with less oversight.

The graphic above, created by Phil Howard, a professor with Michigan State University,4 illustrates how big business has taken over many smaller organic brands. “It really is almost every major brand, and it’s very deceptive,” Kastel explains.5

“You’ll never see General Mills on Cascadian Farms breakfast cereals or Muir Glen tomato products, you’ll see Small Planet Foods. Doesn’t that sound nice? But Dean Foods bought the Horizon label that’s now been sold off a couple of different times … Smuckers is a giant. They own Santa Cruz juices and Knudsen juices.”6

Kastel emphasizes the benefits of buying local organic food: “You’re getting food that’s more nutritionally dense, fresher, more flavorful and your dollars stay in your food shed, they’re recirculating … we call this the multiplier effect.”7

The Challenge of Imported Organics

One of the biggest concerns in the organic industry is the integrity of imported organic products. Kastel explains, “We’ve helped break some major import fraud partnering with the Washington Post at one point. We’ve partnered with The New York Times, The Wall Street Journal.”8 He describes two main types of fraud:

1.Outright fraud or “organic alchemy” — Conventional products are relabeled as organic during shipping.

2.Regulatory loopholes — Large industrial farms exploit weak oversight, especially for animal products like dairy.

Kastel is particularly concerned about a practice called “group certification” for imports:9

“Instead of certifying every farm, instead of inspecting every farm, they will allow a group to band together and when that was conceived, even though it was still illegal when it was conceived, it was for very small landholders doing things like bananas, or chocolate or coffee on a half an acre.”

Now, he says, large agribusinesses are using this loophole to avoid proper inspection of their suppliers. Grower/producer groups started out as a way to help small farmers or indigenous groups in developing countries but have morphed to include commercial-scale farms that are escaping USDA oversight.

Only about 2% of the farmers involved in these grower/producer groups are being inspected annually, which means the vast majority — 98% — are not being inspected as frequently, if at all.

“Although almost universally complied with in domestic production, that system has completely broken down for imports,” Kastel said in a news release. “A large percentage of all foreign imports, making up a sizable amount of the organic food Americans eat, are coming from ‘producer groups,’ whose grower-members the USDA has exempted from the requirements to be certified.”10

For instance, an investigation revealed the USDA’s Organic Integrity Database lists no certified organic hazelnut growers in Turkey. Yet, the country is the leading importer of organic hazelnuts into the U.S., at prices close to conventionally grown hazelnuts.11

“We can grow hazelnuts in the U.S.,” Kastel says, “but they can’t compete with hazelnuts from Turkey, which come from these group certifications, where the farms are not even being inspected, and it’s forcing our Oregon nut growers out of business.”12

Nutritional Insights: Beyond the Organic Label

While organic certification is crucial, even organic practices may not always align with optimal nutrition. It’s important to look beyond the organic label to truly understand the health impacts of your food choices. This includes feeding practices, even within organic systems. For instance, feeding grains to chickens is a common practice on organic farms, but the ideal food for them would be insects and bugs.

It can be difficult to find enough insects for this purpose, but many organic farmers supplement with grains that are loaded with damaging omega-6 polyunsaturated fats. Truly health-conscious organic farmers should consider alternatives like sprouted peas or barley, which result in eggs with healthier fat profiles. Ideally, organic standards need to evolve based on our growing understanding of nutrition.

I don’t generally recommend consuming chicken, even if it’s organic and locally produced, due to its typically high linoleic acid content — the result of being fed grains high in omega-6 fatty acids. Ruminants (like cattle and sheep) are a better choice for meat consumption because ruminants have an additional digestive compartment with bacteria that can saturate polyunsaturated fats.

This allows ruminants to eat grains without accumulating high levels of linoleic acid in their tissues. Even a food as seemingly simple as rice has important nuances you should be aware of for optimal health. Kastel mentions eating brown rice, but I recommend white rice instead.

This is because the fiber in brown rice can negatively impact your gut microbiome, especially for people with insulin resistance, which is 99% of the population. Insulin resistance causes mitochondrial dysfunction, decreasing intracellular energy, which then impacts the ability of your gut to stay healthy.

White rice is a healthier option because it lacks the problematic fibers found in brown rice. However, no matter which rice you eat, it should be organic. As Kastel notes, rice cultivation is often chemically intensive. He also points out that both organic and inorganic arsenic can be present in rice, depending on the soil it’s grown in and past agricultural practices in the area.

How to Find Truly Organic Food and Take Control of Your Food Choices

By integrating these nutritional insights with broader discussions about organic certification and farming practices, you can make more informed dietary choices that support both your health and sustainable agricultural systems. The key takeaway is that while organic certification is a valuable starting point, truly health-conscious consumers need to dig deeper to understand the full nutritional impact of their food choices.

Generally, be cautious about embracing trendy alternatives like fake meat and instead focus on whole, organically produced foods. That being said, how can you find authentic organic products?

OrganicEye is an invaluable resource for anyone interested in making healthier food choices and understanding the organic food industry. The website offers a wealth of resources on organic food, farming practices, and industry regulations. Kastel and his team are not selling products; their mission is purely to educate and inform consumers. In addition, Kastel suggests doing the following to find organic, high-quality food:

1.Buy local whenever possible — Farmers markets, CSAs and independent stores that source directly from farms offer the highest integrity.

2.Use online resources — Websites like Local Harvest, Eat Wild and state agriculture department databases can help you locate nearby farms and markets.

3.Check certifier names — Cornucopia Institute plans to publish a list ranking organic certifiers by trustworthiness.

4.Look for 100% grass fed and finished meat — Be wary of misleading “grass fed” claims that don’t guarantee full grass finishing.

While the organic landscape can be confusing and sometimes deceptive, you have the power to make informed choices. By seeking out local sources, understanding labels, and staying informed about industry practices, it’s possible to find truly healthy, ethically produced food.

Take Action to Protect Organic Farmers and US Organics

After OrganicEye backed a federal lawsuit demanding that the USDA discontinue their practice of allowing foreign agribusinesses to inspect their own suppliers (a profound conflict of interest), the industry’s corporate lobby group, the Organic Trade Association (OTA), suggested that, if the USDA loses the lawsuit, they will simply go to Congress and lobby to change the law to legalize “group certification.”

Don’t let that happen! Federal law currently requires every organic farm to be certified and inspected annually by independent, accredited, third-party certifiers — not foreign corporations with a financial interest.

Please click the button below and invest two minutes of your time in sending a personal message directly to your congressperson and two U.S. senators, asking them to respect the spirit and letter of the law protecting organic farmers, ethical businesses and consumers. To leverage your voice even further, please forward and/or share this action alert with your friends, family and business associates on social media.

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from:    https://articles.mercola.com/sites/articles/archive/2024/08/04/organic-food-safety.aspx?ui=f460707c057231d228aac22d51b97f2a8dcffa7b857ec065e5a5bfbcfab498ac&sd=20211017&cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20240804&foDate=true&mid=DM1611167&rid=89601619