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What Are You Going To Do As Our Money Dies?

What Are You Going To Do As Our Money Dies? thumbnail

In our recent article It’s Time To Position For The Endgame, Chris Martenson explained how the US Federal Reserve and its sister central banks around the world have been engaged in the largest and most egregious wealth transfer in all of history — one that has been drastically exacerbated by the covid-19 pandemic.

The official response, tremendous monetary stimulus by the central banks paired with massive fiscal stimulus from national legislatures, has been pitched as “saving the system”.

Yet, in reality, it has merely served to accelerate the transfer of capital from the public into the pockets of the already-rich.

Anyone with eyes can see how the central banks have abandoned all pretense of monetary fiduciary responsibility and have simply cranked their printing presses up to “maximum”:

In concert with this surge of liquidity, national legislatures have added their own emergency measures. In the US alone, the CARES Act pushed nearly $3 trillion in fiscal stimulus into the system, and will highly likely soon be followed by another $1-3 trillion depending on which party’s bill gets passed.

Despite these staggering sums, the amount of money trickling into the average US household has been meager and is drying up.

Instead, these $trillions are mostly finding their way into the coffers and share prices of corporations. We have seen the fastest and most extreme V-shaped recovery in the history of the financial markets since the March swoon. The major indices are now back to record all-time-highs, despite the major carnage covid-19 has wreaked on the global economy.

So who benefits from that? Oh yeah, the people who own those companies. The already-rich.

Remember: 84% of all stocks are owned by the top 10% of households.

So in a nutshell, the official response from our “leaders” in government to the pandemic threat has been: Rescue the markets at all costs!

Chris refers to this as the Leave No Billionaire Behind (LIBB) Program. As he describes:

Between March-April 2020, the Fed added a staggering $282 billion to the bottom-line wealth of US billionaires:

But that wasn’t enough.

So the Fed kept printing. And buying, buying, and buying more and more financial assets held – of course – mainly by the already-wealthy.

By May 2020 the total added became $434 billion, making all the US billionaires more billionaire-y:

But even that wasn’t enough for the Fed.  So it printed even more, increasing the total to $583 billion by June:

Yep, you guessed it. It didn’t stop there. By July, the grand total was up to $637 billion:

Considering that US GDP dropped by -32.9% (annual rate) and clocked in at an annual rate of $19,408 billion in the second quarter of 2020, the US Federal Reserve had granted an astonishing (truly!) 3.3% of the entire output of the entire country to US billionaires.  For doing absolutely nothing.

Yes, people have many reasons to be angry and to protest these days. But they ought to be furious with the Federal Reserve and its lackeys in Congress who have utterly and completely failed to check these egregious, unfair, and socially destructive policies that grossly reward the elite at the expense of the bottom 99%.

Let’s do a little math here. Handing 3.3% of the value of the entire economic output of 160,000,000 working people to roughly 600 individuals is the equivalent of granting each one of those 600 billionaires the entire yearly output of 9,020 people.

It’s like the Fed decided that each billionaire deserved to have 9,020 people become their slaves for the year.  How is that *not* psychopathic?  How is that fair?  What’s the plan here? Keep going until these 600 people own everything in the world?

And where’s the media on this? They happily parrot every statement the Fed makes, without asking even the slightest of critical questions. They are failing us badly, too.

Okay, so why should you care?

Because what the Federal Reserve is doing generates enormous systemic risks which could well destroy the economy and much of our future prosperity.

At heart, I am a conservative in the sense that I’d like to keep (i.e. “conserve”) what we’ve got, both ecologically and economically. I’d vastly prefer that we change our nation’s destructive path now on our own terms than being forced to on reality’s terms later on. As painful as the former may be, the latter will be much more so.

History is complete on the matter: one cannot print one’s way to prosperity.  It’s been tried over and over again and my view is that if it could be done, we’d all be speaking Latin because the Roman Empire with it brilliant engineers would have figured it out millennia ago and would never have collapsed.

If the Romans couldn’t work it out, it simply can’t be done.  Mathematically, it also doesn’t pencil out.  Money is a social agreement, a contract.  It’s not real wealth.  Taking the attempt to the extreme, what would happen if everybody had a billion dollars and nobody had to work?

So printing currency only manages to delay and exacerbate the inevitable by building up the energy for its own destruction.

And the longer the delay, the worse the reckoning when it ultimately arrives.

So to recap, the Fed et al have ensured that the covid-19 pandemic has resulted in a boom for the elites, while the rest of us are experiencing an economic Depression that could last for years:

Continued Claims chart

So, with the central banks hell-bent on supporting the rich by sending the prices of all financial assets farther into the stratosphere, is high/runaway inflation the natural next stage from here?

Will those worrying about a systemic “crash” from all the intervention and deformation be proved wrong?

We addressed these questions earlier this month for Peak Prosperity’s premium subscribers in Chris report Is High Inflation Now A Bigger Danger Than A Deflationary Crash?

Every so often, we’re encouraged by our paying subscribers to share an important report with the general public. This is one of those times.

PeakProsperity.com,



146 Comments on "What Are You Going To Do As Our Money Dies?"

  1. Abraham van Helsing on Sat, 29th Aug 2020 4:48 am 

    Multi-culturalism = multi-ethnic society, works nowhere, it’s a cancer, invented by US oligarchs and will always end in genocide/rivers of blood:

    https://www.rt.com/news/499381-malmo-riots-koran-burning/

    “Violent riots erupt in Malmo, Sweden after Koran-torching stunt, police say they have ‘no control’ over situation (PHOTOS, VIDEOS)”

    All people on this planet have an ethnic identity and a preference for their own kind and see the others as hostile out-groups, that need to fought. You cannot erase identities that were developed over thousands or even tens of thousands of years, just because some greedy US oligarch wants to press all goyim in a single tax, farm owned by him, no matter how hard his supporters cry “racism!”

  2. Abraham van Helsing on Sat, 29th Aug 2020 5:02 am 

    Riots after DANISH right-wingers burned a Quran in Sweden. The Swedish police couldn’t handle the Allah-bots:

    https://www.youtube.com/watch?v=-c47wsI6p7s

    In related news, the DailyMail admits (for the first time?) that the West could lose preeminence to the East…

    https://www.dailymail.co.uk/news/article-8675517/How-West-lost-JOHN-MICKLETHWAIT-reveals-coronavirus-making-China-powerful-again.html

    “How the West was lost: JOHN MICKLETHWAIT reveals coronavirus is making China all-powerful again after Europe and America stole its crown… and Britain only has itself to blame”

    …which indeed would happen if the US would fall apart and no right-wing regime change would take place in Europe. Contemplating that the rescue of white civilization lies in a merger with Russia, as well as the toppling of the US over-class, is a bridge too far for kosher-friendly edited DailyMail.

  3. Davy on Sat, 29th Aug 2020 5:13 am 

    “I post a comment hoping for an intelligent rebuttal or agreement, and get immature, insane kids, posting junk in volumn. Sigh.”

    First wak, your comments are the same stale noise over and over. Little is intelligent out of you although you are miles ahead of the lunatic juanPee. Second, JuanP, who you enable and support, can end this tomorrow. He can just leave me alone. It is that simple. If not I will find enjoyment in dealing with him. I dealt with you for years to and neutered your extreme anti-American nonsense. Not many of your team left. Victory!

  4. zero juan on Sat, 29th Aug 2020 5:14 am 

    from the lunatic:

    REAL Green said Cuntface is only one wurd davy. stupid

    Davy said Welcome to hell juanP. You chose a real bad countr…

    REAL Green said Looks like apeman has us on ignore to Davy. Like m…

    SimCity BuildIt hack said What’s up, I would like to subscribe for thi…

    supertard juanp here said ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ █░▄▀▄░█░██░█▄▄░█▄▄░█…

    please suckle on the said ___ ___ (o o) (o o) ( V )…

  5. Davy on Sat, 29th Aug 2020 5:15 am 

    “I post a comment hoping for an intelligent rebuttal or agreement, and get immature, insane kids, posting junk in volumn. Sigh.”

    BTW, wak, you can go over to the moderated side but I doubt you will. You will have to clean your act up and you are too old and set in your ways for that.

  6. FamousDrScanlon on Sat, 29th Aug 2020 5:26 am 

    Bill Maher says Trump, RNC left him feeling ‘very nervous’ about Biden’s chances
    The “Real Time” host gave the RNC high marks and expressed he’s ‘less confident’ about a Biden victory
    By Joseph A. Wulfsohn | Fox News
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    RNC ends with Trump accepting nominationVideo
    RNC ends with Trump accepting nomination
    Reaction and analysis from ‘Special Report’ All-Stars.

    “Real Time” host Bill Maher expressed his concerns about President Trump pulling off a reelection victory following this week’s Republican Convention.

    Appearing on MSNBC’s “The ReidOut,” Maher gave the RNC high marks, calling it “unique” and noting the inclusion of “people applauding” for some of the speakers.

    “I don’t know if this stuff works, but it might,” Maher said. “I am feeling less confident about this — maybe it’s just their convention bump got to me, but I’m feeling less confident than I was a month ago.”

  7. Abraham van Helsing on Sat, 29th Aug 2020 6:28 am 

    “Bill Maher says Trump, RNC left him feeling ‘very nervous’ about Biden’s chances
    The “Real Time” host gave the RNC high marks and expressed he’s ‘less confident’ about a Biden victory”

    Perhaps it is time for apneaman to join the…

    https://en.wikipedia.org/wiki/Republican_Jewish_Coalition

    Heck even become a “Republican Party Animal”…

    https://www.amazon.com/Republican-Party-Animal-Hollywoods-Underground/dp/1936239914

    …and, edgy, deny the holocaust, together with fellow-tribesman David Cole.

    Interestingly, but not surprisingly, apneaman recognizes a ZOG-train-wreck before umpire dave does.

    Here Maher on the situation. Him, a cameraman and a giant empty studio + fake public sounds and views:

    https://www.youtube.com/watch?v=XZeE3gD6KG8

  8. Davy on Sat, 29th Aug 2020 6:35 am 

    How elections are lost:

    “BLACK LIVES MATTERVideo: Black Lives Matter Agitators Harass White Couple Who Refuse to Raise Their Fist”
    https://summit.news/2020/08/25/video-black-lives-matter-agitators-harass-white-couple-who-refuse-to-raise-their-first/

    “A video out of Washington DC shows a Black Lives Matter protester harassing a white couple at a café because they refuse to obey by raising their fist like every other diner. The clips shows an African-American female shouting in close proximity at the couple as other BLM demonstrators film them and flip them off. “Trash! Trash! Trash!” the woman repeatedly screeches at them. “Racist piece of shit!” another man screams at them while another accuses them of “white supremacy.” The video shows other diners, including a man sat near them wearing a pink shirt, all blithely raising their fist, presumably so as to avoid being targeted by the mob. Once again, this underscores how BLM demand total fealty and blind obedience to their agenda. It also illustrates how obnoxious and annoying its members are. Perhaps the couple are lucky the encounter didn’t happen in another city like Portland, where people are dragged out of their vehicles and beaten for the crime of defending victims of BLM’s criminal behavior. As we previously highlighted, BLM’s new tactic in some cities is going into residential areas and screaming at people inside their homes. Another Black Lives Matter mob also invaded a restaurant in Dallas and tried to start a riot. What a way to win hearts and minds.”

  9. Davy on Sat, 29th Aug 2020 6:35 am 

    “Man Shot in the Arm by Kyle Rittenhouse Says His Only Regret Was “Not Killing the Kid”
    https://summit.news/2020/08/28/man-shot-in-the-arm-by-kyle-rittenhouse-says-his-only-regret-was-not-killing-the-kid/

    “The Black Lives Matter protester in Kenosha who was shot in the arm by Kyle Rittenhouse says that his only regret was “not killing the kid,” a statement that will do wonders to help Rittenhouse’s self-defense argument. Gaige Grosskreutz, who was caught on camera pointing a gun at Rittenhouse before the teenager show him in the arm, made the comments after doctors were able to save the limb from being amputated. According to his friend Jacob Marshall, who is pictured with Grosskreutz, the BLM supporter’s “only regret was not killing the kid and hesitating to pull the gun before emptying the entire mag into him.” In the Facebook post, Marshall also admits that Grosskreutz “drew his weapon” before he was shot by Rittenhouse. “Well this literally shows INTENT TO KILL, so Kyle Rittenhouse’s defense lawyer just got an early Christmas present,” tweeted Mike Cernovich.”

  10. Abraham van Helsing on Sat, 29th Aug 2020 7:16 am 

    Maher discussing the RNC after 17:35

    https://www.youtube.com/watch?v=xL_8YDmPpV0

    They agree that “woke behavior” is counter-productive for Democrat chances.

    [28:00] – Bill Maher saying that a gun-battle between Americans is for him the most frighting prospect at the horizon.

    All admit that “defund the police” was a major own goal for the Dems.

    [31:18] – Maher: “I wasn’t surprised by the Mussolini balcony scene, with Trump standing next to Evita Peron”

    All seem to agree that the demise of free speech at campuses has gone too far.

  11. Abraham van Helsing on Sat, 29th Aug 2020 8:33 am 

    “Kyle Rittenhouse May Not Be a Role Model, But Is He Still an American Hero?“

    https://www.lewrockwell.com/2020/08/no_author/kyle-rittenhouse-may-not-be-a-role-model-but-is-he-still-an-american-hero/

    Here is one for umpire dave:

    “Civic Nationalism is a Fraud“

    https://www.eurocanadian.ca/2020/08/civic-nationalism-is-fraud.html

  12. Riots break out in Sweden as 300 people gather to protest against far-Right activists burning the Koran as rocks are thrown at police and car tyres are set on fire on Sat, 29th Aug 2020 9:36 am 

    this stuff used to happen in allaland a couple decades ago, now it’s here

  13. activist banned from sweden the eu commie beurocrats on Sat, 29th Aug 2020 9:40 am 

    for the love of muzz ck

  14. zero juan on Sat, 29th Aug 2020 9:59 am 

    the lunatic continues to deteriorate:

    activist banned from sweden the eu commie beurocrats said for the love of muzz ck

    Riots break out in Sweden as 300 people gather to protest against far-Right activists burning the Koran as rocks are thrown at police and car tyres are set on fire said this stuff used to happen in allaland a couple dec…

  15. Duncan Idaho on Sat, 29th Aug 2020 10:00 am 

    The founders left an IQ requirement out of the 2nd Amendment.

  16. Davy on Sat, 29th Aug 2020 10:04 am 

    cloggo’s Eurasian solidarity. LOL.

    “Greek & Turkish F-16 Jets In Near ‘Dogfight’ Off Cyprus; Viral Video Shows Radar Lock”
    https://www.zerohedge.com/geopolitical/turkish-greek-f-16-jets-near-dogfight-cyprus-viral-video-shows-radar-lock

    “Turkey’s Air Force F-16s have confronted Greek fighter jets over the eastern Mediterranean in what is perhaps the closest the two sides have come to an incident sparking war. Military statements from both sides are revealing details of the incident which happened Thursday off the southwestern coast of Cyprus, and involved what The Times (UK) described as a mock “dog fight” in which the Greek fighters even called for more aerial reinforcements. “Turkish and Greek fighter jets have engaged in a mock dogfight over the eastern Mediterranean, the second direct confrontation between the two Nato powers this month,” The Times writes. “Ankara sent F-16s to intercept six Greek jets as they returned from Cyprus — where they had been participating in war games — to their base in Crete.” Subsequent Turkish cockpit video allegedly from the encounter appears to show that during the intercept a Turkish F-16 achieved radar lock on a Greek fighter, but did not fire. Viral radar video published by Turkey’s Ministry of Defense on Friday shows the risky jet intercept. It garnered over a million views merely within the first few hours of release, showing how hot tensions are running among each side’s population”

  17. JuanP on Sat, 29th Aug 2020 10:05 am 

    “The founders left an IQ requirement out of the 2nd Amendment.”

    Yeap, they are needed for the woke liberal who might shoot himself

  18. Abraham van Helsing on Sat, 29th Aug 2020 10:18 am 

    cloggo’s Eurasian solidarity. LOL.

    “Greek & Turkish F-16 Jets In Near ‘Dogfight’ Off Cyprus; Viral Video Shows Radar Lock”

    I was talking about the EU, Russia and China. Never applied the word solidarity to Turkey, not even between Europe and China. Just a mutual, quiet understanding of what comes next after empire.

    Turkey-Islam is the enemy. Never suggested anything else. I love this Greek-Turkish standoff as an opportunity to get serious about an EU-army.

    Most important reasons for an EU-army:

    – Turkey
    – South-Africa
    – Gibraltar
    – US libtards

    In the long run China needs to be contained. But before that moment arrives, Europa and China can behave vis-a-vis America as America and USSR behaved towards Europe in the run-up to WW2. No need for an official alliance here either.

    But these things shouldn’t worry you too much. You should worry about saving your sorry white ass and leave geopolitics to the pros, now that the prime seat has become vacant.

  19. Duncan Idaho on Sat, 29th Aug 2020 10:47 am 

    The rotten alliance of liberals and neocons will likely shape U.S. foreign policy for years to come
    https://www.alternet.org/2020/08/the-rotten-alliance-of-liberals-and-neocons-will-likely-shape-u-s-foreign-policy-for-years-to-come/

  20. Duncan Idaho on Sat, 29th Aug 2020 10:50 am 

    Keep Your Filthy Hands Off of Leonard Cohen
    https://www.commondreams.org/views/2020/08/29/keep-your-filthy-hands-leonard-cohen

  21. Abraham van Helsing on Sat, 29th Aug 2020 11:17 am 

    LOL. You get what you deserve:

    http://www.tatjanafesterling.de/bilder/08.2020/TF_2020.08.25b.jpg

  22. Abraham van Helsing on Sat, 29th Aug 2020 11:27 am 

    Miminum effort to derail BLM graffiti:

    http://www.tatjanafesterling.de/bilder/08.2020/TF_2020.08.25a.jpg

  23. Davy on Sat, 29th Aug 2020 12:49 pm 

    “I was talking about the EU, Russia and China. Never applied the word solidarity to Turkey, not even between Europe and China. Just a mutual, quiet understanding of what comes next after empire.”

    come on cloggo, you treat eurasia as a cohesive whole in solidarity and purpose. You change your tune according to your emotions of the day. FRAUD

  24. JuanP on Sat, 29th Aug 2020 12:50 pm 

    Duncan, will you quite posting empty links. Ae you not smart enought to post some content to show you have supporting evidence?

  25. Davy on Sat, 29th Aug 2020 1:04 pm 

    Don’t listen too JuanP Idaho. JuanP is Stupid.

    Good artical BTW.
    https://www.alternet.org/2020/08/the-rotten-alliance-of-liberals-and-neocons-will-likely-shape-u-s-foreign-policy-for-years-to-come/

  26. the board on Sat, 29th Aug 2020 1:06 pm 

    JuanP on Sat, 29th Aug 2020 1:04 pm

    “Don’t listen too JuanP Idaho. JuanP is Stupid. Good artical BTW.
    https://www.alternet.org/2020/08/the-rotten-alliance-of-liberals-and-neocons-will-likely-shape-u-s-foreign-policy-for-years-to-come/

    LMFAO, fluhed the lunatic out of his fetal position. How is the depression today, PPee juan? 1 being just sitting on the couch and 10 laying in bed with your Taurus 9MM

  27. JuanP on Sat, 29th Aug 2020 1:08 pm 

    Kenosha police union gives its account of Jacob Blake shooting
    A 20-second video shot by a bystander doesn’t show what led up to the shooting and Wisconsin authorities have given few details
    By Brie Stimson | Fox News

    17-year-old accused of killing 2 protesters amid unrest over police shooting of Jacob BlakeVideo
    17-year-old accused of killing 2 protesters amid unrest over police shooting of Jacob Blake
    Kyle Rittenhouse, 17, was arrested in connection to at least one of the two shootings amid the unrest in Kenosha, Wisconsin; Jonathan Hunt reports.

    The Kenosha, Wis., police union issued a statement Friday on the police shooting of Jacob Blake, an incident last Sunday that sparked protests and rioting in the city this week that led to at least two deaths.

    Authorities have said Blake, 29, was shot in the back seven times by Kenosha police Officer Rusten Sheskey while being taken into custody. On Friday he remained paralyzed in a Kenosha hospital.

    Video of the incident shot by a bystander set off violent nightly protests — including Tuesday night’s unrest, in which a 17-year-old from Illinois allegedly fatally shot two people and wounded a third.

    In Sunday’s incident, Blake was “armed with a knife” and “forcefully fought” with officers, putting one of them in a headlock, Brendan Matthews, an attorney for the Kenosha Professional Police Association, said Friday, according to Kenosha News.

    State investigators, however, said Blake had a knife “in his possession,” and it was later recovered from the floorboard of his vehicle, FOX 6 of Milwaukee reported.

  28. Davy on Sat, 29th Aug 2020 1:10 pm 

    Don’t listen too the board y’all. the board is stupid juanPPee.

  29. Davy on Sat, 29th Aug 2020 1:11 pm 

    More from stupid:

    JuanP on Sat, 29th Aug 2020 1:08 pm

  30. the board on Sat, 29th Aug 2020 1:13 pm 

    JuanP on Sat, 29th Aug 2020 1:10 pm

    “Don’t listen too the board y’all. the board is stupid juanPPee.”

    Yeap, lunatic, I love when you tell on yourself. You are such a fuck up.

  31. the board on Sat, 29th Aug 2020 1:14 pm 

    JuanP on Sat, 29th Aug 2020 1:11 pm

    “More from stupid: JuanP on Sat, 29th Aug 2020 1:08 pm”

    You are a stupid fuck!

  32. the board on Sat, 29th Aug 2020 1:18 pm 

    PPee juan, why haven’t you posted on the moderated side lately? Are you too mentally unstable these days? Are you in the fetal position with your Taurus? FUCK FACE. I bet you are afraid of Davy kicking ass and taking names in a debate.

  33. Canada: Muslima once featured in CBC hijab diversity ad now arrested for trying to join the Islamic State on Sat, 29th Aug 2020 1:28 pm 

    china harvest muzz and became most powerful nation on earth

    supertard bochen777 refused to teach uncle same this lesson

  34. Davy on Sat, 29th Aug 2020 1:54 pm 

    More from stupid:

    the board on Sat, 29th Aug 2020 1:13 pm

    the board on Sat, 29th Aug 2020 1:14 pm

    the board on Sat, 29th Aug 2020 1:18 pm

  35. zero juan on Sat, 29th Aug 2020 2:23 pm 

    Lunatic fuck face:

    Davy said More from stupid: the board on Sat, 29th Aug 2020…

    Canada: Muslima once featured in CBC hijab diversity ad now arrested for trying to join the Islamic State said china harvest muzz and became most powerful nation…

  36. Canada: Muslima once featured in CBC hijab diversity ad now arrested for trying to join the Islamic State on Sat, 29th Aug 2020 2:25 pm 

    instead of nations harvesting muzz in their own borders and build prosperous economies, we will soon harvest canada because it’s flooded with muzz who will do jihad.

    and the eu bureucrats banned danish activist from sweden while muzz go unharvested and burning stuff.

    china harvested their muzz and became most powerful nation. supertard bochen777 refused to teach uncle same this lesson.

    supertard bochen777 taught uncle sam: sex with white wome

    how can any chinese harbor such black heart? it’s no wonder china never accepted (((supremetard)))

  37. zero juan on Sat, 29th Aug 2020 2:50 pm 

    LMFAO at PPee juan, all it takes is a little chain yanking and you can get PPee juan to do something!

    “the board on Sat, 29th Aug 2020 1:18 pm
    PPee juan, why haven’t you posted on the moderated side lately? Are you too mentally unstable these days? Are you in the fetal position with your Taurus? FUCK FACE. I bet you are afraid of Davy kicking ass and taking names in a debate.”

    “Re: Pat Buchanan: America in worst decline since Soviet Unio
    Unread postby JuanP » Sat 29 Aug 2020, 15:40:42
    “How extremes become more extreme, triggering collapse”
    http://charleshughsmith.blogspot.com/20 … treme.html

  38. zero juan on Sat, 29th Aug 2020 2:53 pm 

    stupidity from the lunatic:

    Canada: Muslima once featured in CBC hijab diversity ad now arrested for trying to join the Islamic State said instead of nations harvesting muzz in their own bo…

  39. zero juan on Sat, 29th Aug 2020 3:28 pm 

    Kids, what can we get PPee juan to do today? I know kids, PPee, do some muzzie crap! Let’s see if PPee juan gives us his muzzie crap routine.

  40. JuanP on Sat, 29th Aug 2020 3:32 pm 

    More collusion with the liberal left and the criminal Chinese:

    UCLA Researcher Arrested, Charged With Destroying Evidence In China Espionage Probe
    Authored by Jon Street via Campus Reform,

    Chinese national and University of California-Los Angeles researcher has been arrested for allegedly throwing away a damaged hard drive while the FBI was investigating him for transferring sensitive U.S. data to China’s National University of Defense Technology. The U.S. Department of Justice announced Friday that 29-year-old Guan Lei “falsely den[ied] his association with the Chinese military” during interviews with federal law enforcement officials. Lei has since admitted that he participated in Chinese military training. According to authorities, one of Lei’s faculty advisors in China also served in the Chinese military. “Guan later admitted that he had participated in military training and wore military uniforms while at NUDT… …NUDT is suspected of procuring U.S.-origin items to develop supercomputers with nuclear explosive applications,” the Justice Department said. The Justice Department further alleged that Lei hid digital files from federal law enforcement and lied about having contact with the Chinese consulate during his time in the U.S. An FBI affidavit said the hard drive “was irreparably damaged and that all previous data associated with the hard drive appears to have been removed deliberately and by force.” Lei faces one felony count of destruction of evidence, which carries a maximum prison sentence of 20 years. UCLA did not return a request for comment from Campus Reform in time for publication. The Justice Department’s announcement comes just days after it announced the arrest of a Texas A&M professor for his alleged ties to China. In recent months, Campus Reform has covered multiple arrests of college professors and researchers who have been arrested over their alleged connections to the Chinese Communist Party.

    https://www.zerohedge.com/geopolitical/ucla-researcher-arrested-charged-destroying-evidence-china-espionage-probe

  41. JuanP on Sat, 29th Aug 2020 3:36 pm 

    woke liberals committing suicide:

    Michael Moore & Bill Maher Beg Dems To Wake Up: “Enthusiasm For Trump OFF THE CHARTS! Are You Ready For Trump Victory?”
    As even The New York Times was reluctant to admit this week, the return of mass unrest and urban rioting in places like Kenosha, Portland, Seattle and D.C. is only serving to energize Trump’s base, and further to make his law-and-order message more appealing to fence-sitters. RealClearPolitics has Biden’s lead shrinking to 3 points in key battleground states after Biden led in June by a considerable nearly 7 points, according to its index of polls. And more significantly, some of same Liberal and Progressive voices that tried to warn Democrats ahead of Trump’s “shock” 2016 victory are at it again, starting with filmmaker Michael Moore, who warned in a Facebook post on Friday using all caps that enthusiasm among Trump’s base is “OFF THE CHARTS!” Moore begged Biden-supporters and never-Trumpers to “ACT NOW!” Crucially, Moore had in the lead-up to the 2016 election been an almost lone voice on the left predicting a Trump victory, but was dismissed, laughed at and ignored at the time. Likely his listeners are not laughing now as he issues what he’s calling “a reality check again”. Pointing out that Trump is likely at least close to Biden if not pulling ahead in key states like Michigan and Minnesota — also states lately witnessing George Floyd protest-related riots, looting, and unrest — Moore said the following: “Are you ready for a Trump victory? Are you mentally prepared to be outsmarted by Trump again? Do you find comfort in your certainty that there is no way Trump can win? Are you content with the trust you’ve placed in the DNC to pull this off?” “I’m warning you almost 10 weeks in advance. The enthusiasm level for the 60 million in Trump’s base is OFF THE CHARTS! For Joe, not so much,” he added, underscoring that this time his warning is coming even earlier than the similar statements that irked his audience in 2016. “Don’t leave it to the Democrats to get rid of Trump. YOU have to get rid of Trump. WE have to wake up every day for the next 67 days and make sure each of us are going to get a hundred people out to vote. ACT NOW!”

    https://www.zerohedge.com/political/michael-moore-bill-maher-again-urge-dems-wake-enthusiasm-trump-charts-are-you-ready-trump

  42. a chinese supertard with a black hart that supertard bochen777 on Sat, 29th Aug 2020 5:00 pm 

    Canada: Muslima once featured in CBC hijab diversity ad now arrested for trying to join the Islamic State

    instead of nations harvesting muzz in their own borders and build prosperous economies, we will soon harvest canada because it’s flooded with muzz who will do jihad.

    and the eu bureucrats banned danish activist from sweden while muzz go unharvested and burning stuff.

    china harvested their muzz and became most powerful nation. supertard bochen777 refused to teach uncle same this lesson.

    supertard bochen777 taught uncle sam: sex with white wome

    how can any chinese harbor such black heart? it’s no wonder china never accepted (((supremetard)))

    kenosha is just a cover for muzz love. it’s legit self defense and that’s all it is. the problem is it says nothing about 100 people killed daily by muzz, every day 365 for 1400 years.

    now muzz in uk say allah sh1tbar has nothng to do with muzz so dont cataegorize it as muzz crime

    that’s doublespeak muzz science schoedinger cat fur superposition of muzz states

  43. zero juan on Sat, 29th Aug 2020 5:39 pm 

    kids this is great PPee came out when we yanked his chain. Good boy PPee!

    “a chinese supertard with a black hart that supertard bochen777 said Canada: Muslima once featured in CBC hijab diversi…”

  44. marching for teh wrong thing if marching against muzz-19 then its good but on Sat, 29th Aug 2020 5:48 pm 

    none of these people will call for amputation of whitey supertard thunderf00t who is atheistic scientific supremacist and who speaks high english exclusively for the love of supremacist muzz

    this supertard went into self quarantine during the first week of CONVICT-19 and i was the first to call for amputation

    either you enjoy (((supremetard’s))) ck or you stuff your face with muzzie ck and SCIENCE-19 and worship DROPOUT-19 its simple as that

    Coronavirus conspiracy marches are held across Europe as Berlin police break-up 18,000 marchers for failing to socially while droves of anti-maskers storm Paris and Copenhagen

    thanks for using low english

  45. by amputation i mean string him up and go at teh joints on Sat, 29th Aug 2020 5:51 pm 

    with a boxcutter

    thanks for speaking low english

  46. He's crazy on Sat, 29th Aug 2020 5:56 pm 

    they let JuanP out of his cage:

    by amputation i mean string him up and go at teh joints said with a boxcutter thanks for speaking low english…

    marching for teh wrong thing if marching against muzz-19 then its good but said none of these people will call for amputation of w…

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