activistpost--2020-12-21--Here’s A Breakdown Of Everything Inside The $900BN Stimulus Bill, And What It Means For The US Econo

Here’s A Breakdown Of Everything Inside The $900BN Stimulus Bill, And What It Means For The US Economy (Update)

Within hours , Congress is set to vote on ( and pass ) a $ 900 billion Covid-19 aid bill that includes assistance for households and businesses , as well as funding for vaccine distribution and more .
As discussed previously , the bill excludes the Republican priority of liability protections for businesses and other entities , and left the key Democrat demand of state and local bailouts .
In a nutshell , the new package extends federal UI programs ( e.g .
PUA , PEUC ) with an extra $ 300/week for all UI claimants for at least an @ @ @ @ @ @ @ another round of stimulus checks worth $ 600 per individual per household for those making less than $ 75k ( $ 150k for married couples ) and gradually phases out at higher incomes .
The bill renews funding for PPP to support small businesses and provides targeted aid to transportation and other hard hit sectors of the economy .
Similar to the prior bipartisan proposal , $ 325bn would go to small businesses support , including $ 284bn for a second round of PPP grants .
Of note : the bill also allows @ @ @ @ @ @ @ first round of loans , which the Treasury had previously disallowed ( i.e.
, a double dip ) .
With around $ 525bn in forgivable PPP loans issued and more coming , this looks likely to reduce tax receipts by tens of billions and possibly more than $ 100bn , though it depends on the profitability of the businesses that received the loans .
It also provides additional funding for schools , healthcare , SNAP , childcare and various other programs .
While the package excludes aid for state and local government and @ @ @ @ @ @ @ schools as BofA notes , many of the provisions ( e.g .
aid for public transportation , schools , funding for vaccine distribution , testing and tracing ) will channel aid to state and local governments Here are the details of what is in the legislation .
Direct Payments : The legislation would authorize a second round of economic-impact payments , following the checks Americans received in the spring and summer , at a cost of $ 166 billion .
Households would receive $ 600 for each adult and $ 600 for each @ @ @ @ @ @ @ $ 500 , respectively , in the first round .
Mixed-status households , where some people are ineligible noncitizens , would get payments based on the number of eligible people in the households , as opposed to being shut out as they were in the first round .
The payments would be based on income from 2019 and begin phasing out for individuals with adjusted gross incomes over $ 75,000 and married couples over $ 150,000 .
Treasury Secretary Steven Mnuchin said Monday that the first electronic payments could reach bank accounts by @ @ @ @ @ @ @ whose incomes were too high to qualify or who added dependents in 2020 might not qualify for full payments immediately .
But they can request additional money as part of the 2020 tax returns they will file in early 2021 .
Jobless Aid : Workers would be eligible for a $ 300-a-week federal unemployment subsidy .
As with the prior aid package enacted in March , gig workers and others who don ’ t ordinarily qualify for benefits would be eligible for the jobless aid .
The money is available through March 14 @ @ @ @ @ @ @ 50 weeks the amount of time for which workers may claim benefits through both state and federal programs .
Most states typically provide 26 weeks of jobless benefits .
The measure also provides an additional $ 100-a-week subsidy for workers who have both wage and self-employment income but whose basic unemployment benefits don ’ t take into account their self-employment income .
The cost of the enhanced unemployment benefits are projected at $ 120 billion .
Rental Assistance : The bill provides $ 25 billion of assistance to tenants in arrears on their @ @ @ @ @ @ @ end of January 2021 a federal eviction prohibition , which the incoming Biden administration may extend again .
The Treasury Department would be responsible for dispersing the rental assistance to states via a formula based on population .
Landlords and building owners can apply on behalf of tenants meeting the eligibility requirements , generally those who make less than 80 % of median income in their area , have at least one person in their households who has lost a job and can demonstrate they are at risk of losing their home .
@ @ @ @ @ @ @ 9 billion for health-care providers and $ 4.5 billion for mental health , as well as more than $ 1 billion for the National Institutes of Health to conduct Covid-19 research .
Schools : The bill provides $ 82 billion for public and private K-12 schools , as well as colleges .
Of that , the bulk would go to a $ 54.3 billion fund for public schools , while $ 22.7 billion would go to public and private higher education .
Testing and Tracing : States would receive $ 22 billion for @ @ @ @ @ @ @ .
Of this , $ 2.5 billion would be sent as grants targeting rural areas and communities of color .
Vaccines : States and federal agencies would receive funding for vaccine distribution .
About $ 20 billion would go to the Biomedical Advanced Research and Development Authority , or Barda , for procuring vaccines and therapeutics .
Nearly $ 9 billion would go to the Centers for Disease Control and Prevention and states for further distribution of the vaccine , and $ 3 billion is designated for the national stockpile .
Included in @ @ @ @ @ @ @ is directed to go to high-risk areas and to communities of color .
Airlines : Tens of thousands of airline employees would get their jobs back , at least for a few months , under the new bill , which includes $ 15 billion to cover airline salaries and benefits through the end of March .
The bill also includes $ 1 billion for airline contractor payrolls .
Airlines received $ 25 billion under the Cares Act in the spring to cover workers ’ pay and benefits , and in exchange agreed not @ @ @ @ @ @ @ Oct. 1 .
As that date neared without much improvement in their outlook , carriers and labor unions warned that job cuts would be coming and pleaded for another round of aid .
When it didn ’ t arrive in time , they furloughed tens of thousands of workers , including 19,000 at American Airlines Group Inc. and over 13,000 at United Airlines Holdings Inc .
The bill also includes $ 2 billion for airports and airport-based businesses .
Banks : The bill would provide $ 12 billion in support to small lenders @ @ @ @ @ @ @ buttressing minority-owned banks and firms known as community financial development institutions .
Entertainment Venues : The bill has $ 15 billion for independent movie theaters , live entertainment venues and cultural institutions .
Farms : The U.S. agriculture sector is set for another multibillion-dollar injection in the new relief bill , which directs $ 13 billion to crop farmers , cattle ranchers and rural communities .
The new aid would come on top of roughly $ 46 billion that the U.S. Department of Agriculture projects the federal government will directly pay to the @ @ @ @ @ @ @ a record .
That sum includes previous Covid-19 relief for farmers who had to plow up fields of produce ordinarily destined for restaurants , as well as hog producers who had to euthanize livestock because of pandemic-driven shutdowns at meatpacking plants .
Rail and transit : The bill would provide $ 1 billion in relief funds to Amtrak , aimed at helping the national passenger railroad avoid further layoffs and furloughs of its workers .
Amtrak receives a regular operating subsidy of around $ 2 billion a year from the federal government , @ @ @ @ @ @ @ the pandemic and lockdown orders .
Ridership on some routes fell by more than 90 % this year .
The company says it will need a total of $ 4.9 billion in relief aid to get through the remainder of the year without deeper worker and service cuts .
The bill also sets aside $ 14 billion for transit systems , many of which are considering major cuts in service and layoffs .
In New York City alone , elected officials say they need an immediate $ 4.5 billion infusion to stave off @ @ @ @ @ @ @ .
The bill also sets aside $ 2 billion for the bus industry and $ 10 billion for state highways .
Small Business : The $ 325 billion allotted to help small businesses includes $ 284 billion for first and second forgivable Paycheck Protection Program loans , and expands eligibility for local newspapers and TV and radio broadcasters .
The bill also includes $ 20 billion for Economic Injury Disaster Loans .
Businesses that received PPP loans would be able to take tax deductions for the expenses covered by forgiven loans , overcoming @ @ @ @ @ @ @ would save businesses about $ 200 billion , according to an estimate from Adam Looney of the Brookings Institution .
But it doesn ’ t count as part of the overall cost of the legislation .
U.S .
Postal Service : The bill loosens some of the strings imposed on the U.S .
Postal Service from the Cares Act , which provided a $ 10 billion Treasury loan after terms were negotiated .
The bill would still provide $ 10 billion to the financially strained institution , but the Postal Service wouldn ’ @ @ @ @ @ @ @ and the conditions imposed by the Treasury wouldn ’ t apply .
In exchange , the bill would require the Postal Service to provide more information to Congress , including a plan about its long-term financial solvency , within 180 days of the bill ’ s passing and information about how it plans to use the funds in reports to the Postal Regulatory Commission .
Taxes : Aside from the PPP break , the bill would extend a tax credit for struggling employers who keep workers on the payroll , and it would @ @ @ @ @ @ @ based on their 2019 incomes ; in some cases , lower 2020 incomes could reduce their eligibility .
The bill would also temporarily extend tax breaks for renewable energy , including incentives for wind energy and carbon capture .
It also includes deductions for business meals , a provision that President Trump backed but that faced criticism from Democrats as a subsidy for three-martini lunches and indoor dining during a pandemic .
Lower excise taxes on beer , wine and spirits that were set to expire Dec. 31 will be permanently extended , @ @ @ @ @ @ @ areas and hiring workers from disadvantaged groups would be extended for five years .
Based on cost estimates of the various provisions and applying the corresponding fiscal multipliers ( Chart 1 ) , Bank of America estimates that the new stimulus package will contribute approximately 2.7 % to growth in 2021 .
The bank now expects that more of the stimulus impact will be frontloaded into 1Q ( Chart 2 ) .
The start of the year has cross currents with weaker economic data but an earlier and more targeted fiscal stimulus ( @ @ @ @ @ @ @ .
On balance , the bank now sees upside risk to the bank ’ s forecast of 1 % GDP growth in 1Q .
One final point : no more stimulus ?
As we reported last week , Goldman ’ s economists believe that this is the last major COVID-focused fiscal package .
Assuming that President-elect Biden is facing a divided Congress next year , this looks likely to be the last fiscal package that Congress passes worth several hundred billion dollars or more ( as by 2021 Covid vaccines will be widely @ @ @ @ @ @ @ stimulus virtually impossible ) .
That said , Goldman does expect another debate over fiscal support in Q1 , ahead of the expiration of the extended unemployment provisions in March .
However , since Congress left the most difficult issues out of the current package , it seems unlikely that lawmakers will be able to agree on those in subsequent legislation .
Of course , this would likely change if Democrats win both Senate seats in Georgia on January 5 and reach 50 seats in the Senate .
In that scenario , Goldman @ @ @ @ @ @ @ billion in additional fiscal measures , including aid to states .
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By Tyler Durden
Within hours, Congress is set to vote on (and pass) a $900 billion Covid-19 aid bill that includes assistance for households and businesses, as well as funding for vaccine distribution and more. As discussed previously, the bill excludes the Republican priority of liability protections for businesses and other entities, and left the key Democrat demand of state and local bailouts.
In a nutshell, the new package extends federal UI programs (e.g. PUA, PEUC) with an extra $300/week for all UI claimants for at least an additional 11 weeks.
It also sends another round of stimulus checks worth $600 per individual per household for those making less than $75k ($150k for married couples) and gradually phases out at higher incomes. The bill renews funding for PPP to support small businesses and provides targeted aid to transportation and other hard hit sectors of the economy. Similar to the prior bipartisan proposal, $325bn would go to small businesses support, including $284bn for a second round of PPP grants. Of note: the bill also allows businesses to deduct expenses paid with the first round of loans, which the Treasury had previously disallowed (i.e., a double dip). With around $525bn in forgivable PPP loans issued and more coming, this looks likely to reduce tax receipts by tens of billions and possibly more than $100bn, though it depends on the profitability of the businesses that received the loans.
It also provides additional funding for schools, healthcare, SNAP, childcare and various other programs. While the package excludes aid for state and local government and language around liability protection for businesses and schools as BofA notes, many of the provisions (e.g. aid for public transportation, schools, funding for vaccine distribution, testing and tracing) will channel aid to state and local governments
Here are the details of what is in the legislation.
Workers and Households
Direct Payments: The legislation would authorize a second round of economic-impact payments, following the checks Americans received in the spring and summer, at a cost of $166 billion. Households would receive $600 for each adult and $600 for each dependent, instead of $1,200 and $500, respectively, in the first round. Mixed-status households, where some people are ineligible noncitizens, would get payments based on the number of eligible people in the households, as opposed to being shut out as they were in the first round.
The payments would be based on income from 2019 and begin phasing out for individuals with adjusted gross incomes over $75,000 and married couples over $150,000. Treasury Secretary Steven Mnuchin said Monday that the first electronic payments could reach bank accounts by the beginning of next week. Households whose incomes were too high to qualify or who added dependents in 2020 might not qualify for full payments immediately. But they can request additional money as part of the 2020 tax returns they will file in early 2021.
Jobless Aid: Workers would be eligible for a $300-a-week federal unemployment subsidy. As with the prior aid package enacted in March, gig workers and others who don’t ordinarily qualify for benefits would be eligible for the jobless aid. The money is available through March 14. The legislation would also extend to 50 weeks the amount of time for which workers may claim benefits through both state and federal programs. Most states typically provide 26 weeks of jobless benefits.
The measure also provides an additional $100-a-week subsidy for workers who have both wage and self-employment income but whose basic unemployment benefits don’t take into account their self-employment income. The cost of the enhanced unemployment benefits are projected at $120 billion.
Rental Assistance: The bill provides $25 billion of assistance to tenants in arrears on their rent. It also extends until the end of January 2021 a federal eviction prohibition, which the incoming Biden administration may extend again. The Treasury Department would be responsible for dispersing the rental assistance to states via a formula based on population. Landlords and building owners can apply on behalf of tenants meeting the eligibility requirements, generally those who make less than 80% of median income in their area, have at least one person in their households who has lost a job and can demonstrate they are at risk of losing their home.
Covid response
Health Care: The bill includes $9 billion for health-care providers and $4.5 billion for mental health, as well as more than $1 billion for the National Institutes of Health to conduct Covid-19 research.
Schools: The bill provides $82 billion for public and private K-12 schools, as well as colleges. Of that, the bulk would go to a $54.3 billion fund for public schools, while $22.7 billion would go to public and private higher education.
Testing and Tracing: States would receive $22 billion for testing, tracing and Covid-19 mitigation programs. Of this, $2.5 billion would be sent as grants targeting rural areas and communities of color.
Vaccines: States and federal agencies would receive funding for vaccine distribution. About $20 billion would go to the Biomedical Advanced Research and Development Authority, or Barda, for procuring vaccines and therapeutics. Nearly $9 billion would go to the Centers for Disease Control and Prevention and states for further distribution of the vaccine, and $3 billion is designated for the national stockpile. Included in those sums is $300 million that is directed to go to high-risk areas and to communities of color.
Businesses
Airlines: Tens of thousands of airline employees would get their jobs back, at least for a few months, under the new bill, which includes $15 billion to cover airline salaries and benefits through the end of March. The bill also includes $1 billion for airline contractor payrolls. Airlines received $25 billion under the Cares Act in the spring to cover workers’ pay and benefits, and in exchange agreed not to lay off or furlough employees until Oct. 1. As that date neared without much improvement in their outlook, carriers and labor unions warned that job cuts would be coming and pleaded for another round of aid. When it didn’t arrive in time, they furloughed tens of thousands of workers, including 19,000 at American Airlines Group Inc. and over 13,000 at United Airlines Holdings Inc. The bill also includes $2 billion for airports and airport-based businesses.
Banks: The bill would provide $12 billion in support to small lenders focused on low-income and minority communities, buttressing minority-owned banks and firms known as community financial development institutions.
Entertainment Venues: The bill has $15 billion for independent movie theaters, live entertainment venues and cultural institutions.
Farms: The U.S. agriculture sector is set for another multibillion-dollar injection in the new relief bill, which directs $13 billion to crop farmers, cattle ranchers and rural communities. The new aid would come on top of roughly $46 billion that the U.S. Department of Agriculture projects the federal government will directly pay to the nation’s farmers this year, a record. That sum includes previous Covid-19 relief for farmers who had to plow up fields of produce ordinarily destined for restaurants, as well as hog producers who had to euthanize livestock because of pandemic-driven shutdowns at meatpacking plants.
Rail and transit: The bill would provide $1 billion in relief funds to Amtrak, aimed at helping the national passenger railroad avoid further layoffs and furloughs of its workers. Amtrak receives a regular operating subsidy of around $2 billion a year from the federal government, but its ticket revenue was devastated by the pandemic and lockdown orders. Ridership on some routes fell by more than 90% this year. The company says it will need a total of $4.9 billion in relief aid to get through the remainder of the year without deeper worker and service cuts. The bill also sets aside $14 billion for transit systems, many of which are considering major cuts in service and layoffs. In New York City alone, elected officials say they need an immediate $4.5 billion infusion to stave off severe reductions in subway and bus service. The bill also sets aside $2 billion for the bus industry and $10 billion for state highways.
Small Business: The $325 billion allotted to help small businesses includes $284 billion for first and second forgivable Paycheck Protection Program loans, and expands eligibility for local newspapers and TV and radio broadcasters. The bill also includes $20 billion for Economic Injury Disaster Loans. Businesses that received PPP loans would be able to take tax deductions for the expenses covered by forgiven loans, overcoming objections from Mr. Mnuchin. The provision would save businesses about $200 billion, according to an estimate from Adam Looney of the Brookings Institution. But it doesn’t count as part of the overall cost of the legislation.
U.S. Postal Service: The bill loosens some of the strings imposed on the U.S. Postal Service from the Cares Act, which provided a $10 billion Treasury loan after terms were negotiated. The bill would still provide $10 billion to the financially strained institution, but the Postal Service wouldn’t be required to repay it, and the conditions imposed by the Treasury wouldn’t apply. In exchange, the bill would require the Postal Service to provide more information to Congress, including a plan about its long-term financial solvency, within 180 days of the bill’s passing and information about how it plans to use the funds in reports to the Postal Regulatory Commission.
Taxes: Aside from the PPP break, the bill would extend a tax credit for struggling employers who keep workers on the payroll, and it would let recipients of certain tax credits qualify based on their 2019 incomes; in some cases, lower 2020 incomes could reduce their eligibility. The bill would also temporarily extend tax breaks for renewable energy, including incentives for wind energy and carbon capture. It also includes deductions for business meals, a provision that President Trump backed but that faced criticism from Democrats as a subsidy for three-martini lunches and indoor dining during a pandemic. Lower excise taxes on beer, wine and spirits that were set to expire Dec. 31 will be permanently extended, and tax incentives for investing in low-income areas and hiring workers from disadvantaged groups would be extended for five years.
* * *
Economic Impact
Based on cost estimates of the various provisions and applying the corresponding fiscal multipliers (Chart 1), Bank of America estimates that the new stimulus package will contribute approximately 2.7% to growth in 2021. The bank now expects that more of the stimulus impact will be frontloaded into 1Q (Chart 2). The start of the year has cross currents with weaker economic data but an earlier and more targeted fiscal stimulus (we had expected passage after inauguration). On balance, the bank now sees upside risk to the bank’s forecast of 1% GDP growth in 1Q.
One final point: no more stimulus?
As we reported last week, Goldman’s economists believe that this is the last major COVID-focused fiscal package. Assuming that President-elect Biden is facing a divided Congress next year, this looks likely to be the last fiscal package that Congress passes worth several hundred billion dollars or more (as by 2021 Covid vaccines will be widely distributed making the passage of another broad-based stimulus virtually impossible). That said, Goldman does expect another debate over fiscal support in Q1, ahead of the expiration of the extended unemployment provisions in March. However, since Congress left the most difficult issues out of the current package, it seems unlikely that lawmakers will be able to agree on those in subsequent legislation. Of course, this would likely change if Democrats win both Senate seats in Georgia on January 5 and reach 50 seats in the Senate. In that scenario, Goldman would expect at least another few hundred billion in additional fiscal measures, including aid to states.
Source: Zero Hedge
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activistpost--2020-12-21--Alarming Developments in GLD ETF Reaffirm Need to Own Physical Gold

The world ’ s largest gold exchange traded fund ( ETF ) seems to be having a lot of trouble when it comes to accounting .
The SPDR Gold Trust ( GLD ) recently appointed its 6th chief financial officer since 2014 .
And the problem of finding and keeping executives who are willing to certify the Fund ’ s accounting does not appear to be the only reason for concern at GLD .
The timing of the most recent CFO departure is particularly troubling .
Laura Melman left one day prior to the Fund ’ s financial year end @ @ @ @ @ @ @ is behind the SPDR Gold Trust , says her “ departure did not arise from any disagreement on any matter relating to the operations , policies , or practices of the SPDR® Gold Trust.
” However , Melman didn ’ t sign off on GLD ’ s annual 10-K filing before departing , even though , presumably , she had the filing all but completed .
That signature had to be made by Brandon Woods , who was in his first day on the job .
The World Gold Council has not commented @ @ @ @ @ @ @ trouble retaining CFOs .
This much turnover is often a sign of serious problems .
The long-time auditor of the fund , KPMG , didn ’ t exactly inspire confidence in the 10-K filing .
The accounting firm flagged the filing with a “ Critical Audit Matter.
” The auditor included the following explanation : Translation – KPMG had to use subjective judgement rather than objective evidence and records when attempting to confirm exactly how much physical gold is actually held by the fund .
The fund ’ s auditors aren ’ t @ @ @ @ @ @ @ the inventory held by GLD .
Gold bugs have long questioned whether it can account for all of the physical metal represented as owned by the trust in its filings .
The fund reports adding 348 tons of physical gold between January and July of this year .
It appears as if a lot of the gold – 70 tons or more – was sourced from the Bank of England .
Here is the concern… Skeptics believe the gold sourced from the BoE is not owned .
Rather it is leased and will @ @ @ @ @ @ @ central bank .
Become an Activist Post Patron for just $ 1 per month at Patreon .
In addition to accounting red flags at GLD , investors should also consider the risk associated with who provides depository services .
HSBC Bank is the custodian of the gold .
The bank stores GLD ’ s bars in its London vaults .
That means owning shares of GLD requires placing your trust in HSBC , arguably one of the world ’ s most crooked banks .
Financial advisors and stockbrokers around the world often recommend @ @ @ @ @ @ @ are interested in gold .
They view the shares as a perfectly good proxy for owning physical bullion .
However , most will not even be aware of , or consider , the counterparty risks outlined above .
Investors are better off buying actual bullion and storing it themselves .
They can also hold precious metals through a reputable depository that isn ’ t connected to the banking system and offers segregated storage .
There ’ s little good reason to put any trust in GLD ’ s parade of CFOs or in @ @ @ @ @ @ @ a Director at Money Metals Exchange , a precious metals dealer recently named “ Best in the USA ” by an independent global ratings group .
A graduate of Linfield College in Oregon , Siegner puts his experience in business management along with his passion for personal liberty , limited government , and honest money into the development of Money Metals ’ brand and reach .
This includes writing extensively on the bullion markets and their intersection with policy and world affairs .
Subscribe to Activist Post for truth , peace , and @ @ @ @ @ @ @ front lines of peace and freedom HERE !
Follow us on SoMee , HIVE , Parler , Flote , Minds , MeWe and Twitter .
Provide , Protect and Profit from what ’ s coming !
Get a free issue of Counter Markets today .

By Clint Siegner
The world’s largest gold exchange traded fund (ETF) seems to be having a lot of trouble when it comes to accounting.
The SPDR Gold Trust (GLD) recently appointed its 6th chief financial officer since 2014. And the problem of finding and keeping executives who are willing to certify the Fund’s accounting does not appear to be the only reason for concern at GLD.
The timing of the most recent CFO departure is particularly troubling. Laura Melman left one day prior to the Fund’s financial year end.
The World Gold Council, which is behind the SPDR Gold Trust, says her “departure did not arise from any disagreement on any matter relating to the operations, policies, or practices of the SPDR® Gold Trust.”
However, Melman didn’t sign off on GLD’s annual 10-K filing before departing, even though, presumably, she had the filing all but completed.
That signature had to be made by Brandon Woods, who was in his first day on the job.
The World Gold Council has not commented as to why there is so much trouble retaining CFOs. This much turnover is often a sign of serious problems.
The long-time auditor of the fund, KPMG, didn’t exactly inspire confidence in the 10-K filing. The accounting firm flagged the filing with a “Critical Audit Matter.”
The auditor included the following explanation:
We identified the evaluation of the evidence pertaining to the existence of the gold holdings as a critical audit matter. Given the nature and volume of the gold holdings, subjective auditor judgment was required to evaluate the extent and nature of evidence obtained to assess the quantity of gold held by the custodian as of September 30, 2020.
Translation – KPMG had to use subjective judgement rather than objective evidence and records when attempting to confirm exactly how much physical gold is actually held by the fund.
The fund’s auditors aren’t the only ones who appear uncertain about the inventory held by GLD. Gold bugs have long questioned whether it can account for all of the physical metal represented as owned by the trust in its filings.
The fund reports adding 348 tons of physical gold between January and July of this year. It appears as if a lot of the gold – 70 tons or more – was sourced from the Bank of England.
Here is the concern…
Skeptics believe the gold sourced from the BoE is not owned. Rather it is leased and will ultimately need to be returned to the central bank.
Become an Activist Post Patron for just $1 per month at Patreon.
In addition to accounting red flags at GLD, investors should also consider the risk associated with who provides depository services. HSBC Bank is the custodian of the gold. The bank stores GLD’s bars in its London vaults.
That means owning shares of GLD requires placing your trust in HSBC, arguably one of the world’s most crooked banks.
Financial advisors and stockbrokers around the world often recommend buying shares of GLD to clients who are interested in gold. They view the shares as a perfectly good proxy for owning physical bullion.
However, most will not even be aware of, or consider, the counterparty risks outlined above.
Investors are better off buying actual bullion and storing it themselves. They can also hold precious metals through a reputable depository that isn’t connected to the banking system and offers segregated storage.
There’s little good reason to put any trust in GLD’s parade of CFOs or in shady HSBC bankers.
Clint Siegner is a Director at Money Metals Exchange, a precious metals dealer recently named “Best in the USA” by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals’ brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.
Become a Patron!
Subscribe to Activist Post for truth, peace, and freedom news. Send resources to the front lines of peace and freedom HERE! Follow us on SoMee, HIVE, Parler, Flote, Minds, MeWe and Twitter.
Provide, Protect and Profit from what’s coming! Get a free issue of Counter Markets today.


activistpost--2020-12-21--Global Event:  Shining a Light on 5G During the Winter Solstice

Since 2017 , doctors and scientists have asked for 5G moratoriums on Earth and in space ( see 1 , 2 ) .
Cities AND entire countries have taken action to ban , delay , halt , and limit 5G installation AS WELL AS issue moratoriums on deployment due to biological , environmental , and safety risks .
Despite increasing warnings and opposition , the rollout continues in some places including space via controversial satellites .
A global candlelight vigil is scheduled during the Winter Solstice to oppose 5G deployment ( December 20 – December 21 ) .
We invite @ @ @ @ @ @ @ on December 20th with Candle/Lantern Vigils to honor increasing reverence for nature , and to call for a Stop to 5G .
5G is the “ next generation ” of wireless telecommunications infrastructure build-out .
It presents unacknowledged risks to human health and the environment , and perpetuates rather than addresses economic , digital , and racial inequities .
5G will vastly increase energy consumption , the exploitation of poorer nations via resource extraction and e-waste and violates human and community rights by placing profits before people .
The winter solstice has been @ @ @ @ @ @ @ aligned with the rhythms of nature , as a time for reflection on the balance between darkness and light .
The Solstice marks the shortest day of the year in the Northern Hemisphere , and the longest day in the Southern Hemisphere .
( NB : The Candlelight Vigil has been set for Sunday , December 20 although winter solstice is on December 21 .
Either day works for an event . )
The call to Stop 5G represents the intention to reclaim reverence for the abundance and generativity of the natural electromagnetic @ @ @ @ @ @ @ the need for technological innovation to operate within , rather than in defiance of , the Laws of Nature .
Please share photos , video clips , and artwork from Vigils to : [ email protected ] Please also share on Global Action to Stop 5G https : //www.facebook.com/groups/548912049259423 NB : Stop 5G International does not endorse any forms of vandalism or destruction in its advocacy for safer technology and environmental stewardship .
Become an Activist Post Patron for just $ 1 per month at Patreon .
The majority of scientists worldwide oppose @ @ @ @ @ @ @ Radiation exposure health risks are NOT isolated to 5G .
Last year , the World Health Organization warned that high levels of Electromagnetic Fields ( aka “ Electrosmog ” ) could cause health issues in a significant percentage of the population .
High speed internet is achievable , safer and more secure with a wired internet connection ( see 1 , 2 ) .
Experts continue to warn that the “ Race to 5G ” is too expensive ( see 1 , 2 ) and too risky ( see 1 , 2 ) @ @ @ @ @ @ @ encouraged sign a petition asking President-elect Biden and Vice President-elect Harris to stop deployment in the U.S .
Activist Post reports regularly about 5G and other unsafe technology .
For more information visit our archives and the following websites .
Subscribe to Activist Post for truth , peace , and freedom news .
Send resources to the front lines of peace and freedom HERE !
Follow us on SoMee , HIVE , Parler , Flote , Minds , MeWe and Twitter .
Provide , Protect and Profit from what ’ s coming !
@ @ @ @ @ @ @ today .

By B.N. Frank
Since 2017, doctors and scientists have asked for 5G moratoriums on Earth and in space (see 1, 2). Cities AND entire countries have taken action to ban, delay, halt, and limit 5G installation AS WELL AS issue moratoriums on deployment due to biological, environmental, and safety risks.
Despite increasing warnings and opposition, the rollout continues in some places including space via controversial satellites.
A global candlelight vigil is scheduled during the Winter Solstice to oppose 5G deployment (December 20 – December 21).
From Stop 5G International:
We invite people around the world to join together on December 20th with Candle/Lantern Vigils to honor increasing reverence for nature, and to call for a Stop to 5G.
5G is the “next generation” of wireless telecommunications infrastructure build-out. It presents unacknowledged risks to human health and the environment, and perpetuates rather than addresses economic, digital, and racial inequities. 5G will vastly increase energy consumption, the exploitation of poorer nations via resource extraction and e-waste and violates human and community rights by placing profits before people.
The winter solstice has been observed for millennia in cultures that were aligned with the rhythms of nature, as a time for reflection on the balance between darkness and light. The Solstice marks the shortest day of the year in the Northern Hemisphere, and the longest day in the Southern Hemisphere. (NB: The Candlelight Vigil has been set for Sunday, December 20 although winter solstice is on December 21. Either day works for an event.)
The call to Stop 5G represents the intention to reclaim reverence for the abundance and generativity of the natural electromagnetic environment of the Earth. It recognizes the need for technological innovation to operate within, rather than in defiance of, the Laws of Nature.
Please share photos, video clips, and artwork from Vigils to:
team@stop5ginternational.org
Please also share on Global Action to Stop 5G
https://www.facebook.com/groups/548912049259423
NB: Stop 5G International does not endorse any forms of vandalism or destruction in its advocacy for safer technology and environmental stewardship.
Watch the video:
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The majority of scientists worldwide oppose 5G deployment. Of course, Electromagnetic Radiation exposure health risks are NOT isolated to 5G. Last year, the World Health Organization warned that high levels of Electromagnetic Fields (aka “Electrosmog”) could cause health issues in a significant percentage of the population.
High speed internet is achievable, safer and more secure with a wired internet connection (see 1, 2). Experts continue to warn that the “Race to 5G” is too expensive (see 1, 2) and too risky (see 1, 2).
Americans opposed to 5G are also encouraged sign a petition asking President-elect Biden and Vice President-elect Harris to stop deployment in the U.S.
Activist Post reports regularly about 5G and other unsafe technology. For more information visit our archives and the following websites.
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activistpost--2020-12-21--January 19-25: Digital Davos 2021 Set To Reveal “Great Reset Initiative”

It ’ s launch time for Technocracy ’ s coup d ’ etat and it ’ s coming in less than one month from now .
One of the strongest American advocates for the Great Reset is former Secretary of State John Kerry , who stated “ a reset is more important than ever before.
” ⁃ Technocracy News & Trends Editor Patrick Wood The World Economic Forum ( WEF ) has revealed its Davos 2021 Agenda , confirming the annual gathering of political and business elites next month will be a digital event heralding the public unveiling of its @ @ @ @ @ @ @ to the digital “ Davos Dialogues ” , the WEF asserts , “ The time to rebuild trust and to make crucial choices is fast approaching as the need to reset priorities and the urgency to reform systems grow stronger around the world.
” The need for “ global leaders to come together to design a common recovery path and shape the Great Reset ” in the post-cornavirus world has never been stronger , it adds .
It then continues to set out the exact plan of WEF action to reshape the modern @ @ @ @ @ @ @ design .
The WEF says : An entire week of global programming will be dedicated to helping leaders choose innovative and bold solutions to stem the pandemic and drive a robust recovery over the next year .
The Davos Agenda will also mark the launch of the World Economic Forum ’ s Great Reset Initiative and begin the preparation of the Special Annual Meeting in the spring .
Each day will focus on one of the five domains of the Great Reset Initiative .
As Breitbart News reported , there has been much @ @ @ @ @ @ @ much-discussed Great Reset Initiative will take .
Last month in a WEF panel discussion , former Secretary of State John Kerry laid out one possible element .
He said President-elect Joe Biden is ready to rejoin the Paris Climate Agreement — which threatens to eliminate more than a million American jobs — and be a driver of the ” Great Reset ” whereby unelected global bureaucrats are looking to alter the world ’ s economy by abolishing money , private property , and democracy for the sake of a “ New World Order @ @ @ @ @ @ @ “ The notion of a reset is more important than ever before , ” Kerry said .
“ I personally believe … we ’ re at the dawn of an extremely exciting time.
” Kerry dismissed the U.S. rejoining the Parish Climate Agreement as being “ not enough .
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It’s launch time for Technocracy’s coup d’etat and it’s coming in less than one month from now. One of the strongest American advocates for the Great Reset is former Secretary of State John Kerry, who stated “a reset is more important than ever before.” ⁃ Technocracy News & Trends Editor Patrick Wood
By:
The World Economic Forum (WEF) has revealed its Davos 2021 Agenda, confirming the annual gathering of political and business elites next month will be a digital event heralding the public unveiling of its Great Reset Initiative.
In a preview to the digital “Davos Dialogues”, the WEF asserts, “The time to rebuild trust and to make crucial choices is fast approaching as the need to reset priorities and the urgency to reform systems grow stronger around the world.”
The need for “global leaders to come together to design a common recovery path and shape the Great Reset” in the post-cornavirus world has never been stronger, it adds.
It then continues to set out the exact plan of WEF action to reshape the modern world in a pattern of its own design. The WEF says:
An entire week of global programming will be dedicated to helping leaders choose innovative and bold solutions to stem the pandemic and drive a robust recovery over the next year.
The Davos Agenda will also mark the launch of the World Economic Forum’s Great Reset Initiative and begin the preparation of the Special Annual Meeting in the spring. Each day will focus on one of the five domains of the Great Reset Initiative.
As Breitbart News reported, there has been much discussion as to the exact form the much-discussed Great Reset Initiative will take.
Last month in a WEF panel discussion, former Secretary of State John Kerry laid out one possible element.
He said President-elect Joe Biden is ready to rejoin the Paris Climate Agreement — which threatens to eliminate more than a million American jobs — and be a driver of the ”Great Reset” whereby unelected global bureaucrats are looking to alter the world’s economy by abolishing money, private property, and democracy for the sake of a “New World Order,” according to James Delingpole.
“The notion of a reset is more important than ever before,” Kerry said. “I personally believe … we’re at the dawn of an extremely exciting time.”
Kerry dismissed the U.S. rejoining the Parish Climate Agreement as being “not enough.
Read full story here…
Sourced from Technocracy News & Trends
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activistpost--2020-12-23--Trump Kicks COVID Bill Back To Congress; Demands $2,000 Stimulus, Shreds Lawmakers Over Mountain Of

Trump Kicks COVID Bill Back To Congress; Demands $2,000 Stimulus, Shreds Lawmakers Over Mountain Of Pork

President Trump appeared to threaten to veto the COVID-19 stimulus package that Congress passed almost 24 hours earlier , telling lawmakers to boost checks for Americans to $ 2,000 as well as “ get rid of wasteful and unnecessary items ” in the spending bill Trump said “ throughout the summer , Democrats cruelly blocked COVID relief legislation in an effort to advance their extreme left wing agenda and influence the election… ” “ it ’ s taken forever ” to get a package and the bill passed “ is much different than anticipated.
” “ It really is a @ @ @ @ @ @ @ reeled off a list of disgusting ‘ pork ’ ( read the details here ) that has been piled into this record-breaking 5,593 page bill .
As Axios notes , many of the items Trump listed , such as foreign aid , which were not related to COVID-19 are not part of the coronavirus relief package .
These form part of the government funding bill , which was passed alongside the coronavirus relief package .
Then he took a shot at Biden and the election “ Send me a suitable bill or else @ @ @ @ @ @ @ a COVID relief package and maybe that administration will be me and we will get it done.
” ..and the market is not happy… Subscribe to Activist Post for truth , peace , and freedom news .
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By Tyler Durden
President Trump appeared to threaten to veto the COVID-19 stimulus package that Congress passed almost 24 hours earlier, telling lawmakers to boost checks for Americans to $2,000 as well as “get rid of wasteful and unnecessary items” in the spending bill
Trump said “throughout the summer, Democrats cruelly blocked COVID relief legislation in an effort to advance their extreme left wing agenda and influence the election…” “it’s taken forever” to get a package and the bill passed “is much different than anticipated.” “It really is a disgrace,” he added.
Then reeled off a list of disgusting ‘pork’ (read the details here) that has been piled into this record-breaking 5,593 page bill.
As Axios notes, many of the items Trump listed, such as foreign aid, which were not related to COVID-19 are not part of the coronavirus relief package. These form part of the government funding bill, which was passed alongside the coronavirus relief package.
Then he took a shot at Biden and the election
“Send me a suitable bill or else the next administration will have to deliver a COVID relief package and maybe that administration will be me and we will get it done.”
Watch the full statement here:
..and the market is not happy…
Get back to Mrs. Pelosi!
Source: Zero Hedge
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activistpost--2020-12-23--Space Force Troops Involved in “Orbital Warfare” Get A New Nickname — Guardians

With prior news that the United States Space Force has created a unit dedicated to “ orbital warfare , ” it ’ s somewhat fitting that the Space Force troops get re-named to be the “ Guardians.
” The name was revealed by outgoing Vice President Mike Pence , appears to be a play on the Marvel superhero film Guardians of the Galaxy .
However , Space Force officials said it was a callback to a 1983 motto , Defense One reported .
The name was given to the military space branch exactly two days before the U.S. Space Force @ @ @ @ @ @ @ received their collective name : Guardians .
The brand-new U.S. military branch , Space Force , recently established a unit dedicated to “ orbital warfare.
” It ’ s not specifically a TIE fighter or X-Wing from the Star Wars series , but The Drive reported last week that Trump ’ s recently created Space Force is now in charge of the experimental X-37B spacecraft — a craft that was previously in the ownership of the Air Force , which should turn many heads .
The unit is also precariously known as Delta @ @ @ @ @ @ @ Military.com reports : Delta 9 ’ s Detachment 1 “ oversees operations of the X-37B Orbital Test Vehicle , an experimental program designed to demonstrate technologies for a reliable , reusable , unmanned space test platform for the U.S. Space Force , ” according to the unit ’ s fact sheet .
Delta 9 consists of three active-duty squadrons headquartered at Schriever Air Force Base , Colorado : 1st Space Operations Squadron , 3rd Space Operations Squadron and 750th Operations Support Squadron , along with Detachment 1 .
The three squadrons conduct “ @ @ @ @ @ @ @ options to deter and defeat adversary threats in space , ” according to the chart .
It ’ s in this Delta group that the X-37B will be used , for what purpose exactly is unknown .
But , according to the document , it states that Delta 9 will be responsible for “ Orbital Warfare.
” TMU previously reported that Johns Hopkins University political scientist , Daniel Deudney , warned that “ space could end up controlled by a totalitarian empire.
” Nations including China and Russia are already beginning to weaponize @ @ @ @ @ @ @ ; that ’ s according to the Pentagon last year in a report in CNBC .
The U.S. is also involved in the weaponization of space , and a U.S. Air Force commander has even previously proclaimed that space weapons should be used against ISIS , without expanding on how .
“ If we want to be more agile then the reality is we are going to have to push decision authority down to some lower levels in certain areas the big question that we ’ ve got to wrestle with … is @ @ @ @ @ @ @ space , ” General David Goldfein , the Air Force chief of staff , told USA TODAY .
This is despite such actions being forbidden under the United Nations ’ Outer Space Treaty established in 1967 , for any nation to weaponize space .
Additionally , the “ Space Preservation Treaty ” in 2005 , states that countries won ’ t seek to weaponize space .
Deudney ’ s book lays out six threats to humanity , with the most important being the military use of equipment needed to terraform other worlds .
@ @ @ @ @ @ @ Review ‘ s analysis of his book , that we should abandon any hope of settling space until peace on Earth is achieved and we can explore responsibly .
It ’ s worth noting that former President George Bush Jr ’ s forgotten speech in 2001 mentions forming a Space Force , and creating a new spacecraft and “ space bomber.
” So these plans for militarizing space have long been schemed behind closed doors by the military-industrial complex .
In fact , going all the way back to 1989 , The New @ @ @ @ @ @ @ shut down another military space program , with a shuttle that could seat a total of 32 astronauts and a space shuttle launching facility in Colorado .
It ’ s important to note that modern space shuttles only carry 8 passengers maximum so 32 would be an accomplishment indeed .
What the military misses , however , is as Seattle Post-Intelligencer wrote in a 2015 article , “ Weapons in space put the world at risk.
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By Aaron Kesel
With prior news that the United States Space Force has created a unit dedicated to “orbital warfare,” it’s somewhat fitting that the Space Force troops get re-named to be the “Guardians.”
The name was revealed by outgoing Vice President Mike Pence, appears to be a play on the Marvel superhero film Guardians of the Galaxy. However, Space Force officials said it was a callback to a 1983 motto, Defense One reported.
The opportunity to name a force is a momentous responsibility. Guardians is a name with a long history in space operations, tracing back to the original command motto of Air Force Space Command in 1983, “Guardians of the High Frontier.” — United States Space Force (@SpaceForceDoD) December 18, 2020
The name was given to the military space branch exactly two days before the U.S. Space Force’s first birthday, its troops received their collective name: Guardians.
The brand-new U.S. military branch, Space Force, recently established a unit dedicated to “orbital warfare.”
It’s not specifically a TIE fighter or X-Wing from the Star Wars series, but The Drive reported last week that Trump’s recently created Space Force is now in charge of the experimental X-37B spacecraft — a craft that was previously in the ownership of the Air Force, which should turn many heads.
The unit is also precariously known as Delta 9, according to the service. Military.com reports:
Delta 9’s Detachment 1 “oversees operations of the X-37B Orbital Test Vehicle, an experimental program designed to demonstrate technologies for a reliable, reusable, unmanned space test platform for the U.S. Space Force,” according to the unit’s fact sheet.
Delta 9 consists of three active-duty squadrons headquartered at Schriever Air Force Base, Colorado: 1st Space Operations Squadron, 3rd Space Operations Squadron and 750th Operations Support Squadron, along with Detachment 1. The three squadrons conduct “protect-and-defend operations from space and provide response options to deter and defeat adversary threats in space,” according to the chart.
It’s in this Delta group that the X-37B will be used, for what purpose exactly is unknown. But, according to the document, it states that Delta 9 will be responsible for “Orbital Warfare.” TMU previously reported that Johns Hopkins University political scientist ,Daniel Deudney, warned that “space could end up controlled by a totalitarian empire.”
Nations including China and Russia are already beginning to weaponize space with energy weapons and anti-satellite missiles; that’s according to the Pentagon last year in a report in CNBC.
The U.S. is also involved in the weaponization of space, and a U.S. Air Force commander has even previously proclaimed that space weapons should be used against ISIS, without expanding on how.
“If we want to be more agile then the reality is we are going to have to push decision authority down to some lower levels in certain areas the big question that we’ve got to wrestle with … is the authorities to operate in cyber and space,” General David Goldfein, the Air Force chief of staff, told USA TODAY.
This is despite such actions being forbidden under the United Nations’ Outer Space Treaty established in 1967, for any nation to weaponize space. Additionally, the “Space Preservation Treaty” in 2005, states that countries won’t seek to weaponize space.
Deudney’s book lays out six threats to humanity, with the most important being the military use of equipment needed to terraform other worlds. Deudney concludes, according to The Space Review‘s analysis of his book, that we should abandon any hope of settling space until peace on Earth is achieved and we can explore responsibly.
It’s worth noting that former President George Bush Jr’s forgotten speech in 2001 mentions forming a Space Force, and creating a new spacecraft and “space bomber.” So these plans for militarizing space have long been schemed behind closed doors by the military-industrial complex.
In fact, going all the way back to 1989, The New York Times reported the Air Force had shut down another military space program, with a shuttle that could seat a total of 32 astronauts and a space shuttle launching facility in Colorado. It’s important to note that modern space shuttles only carry 8 passengers maximum so 32 would be an accomplishment indeed.
What the military misses, however, is as Seattle Post-Intelligencer wrote in a 2015 article, “Weapons in space put the world at risk.”
Image: The Mind Unleashed
**By [@An0nkn0wledge](https://hive.blog/@an0nkn0wledge)**
Aaron Kesel writes for Activist Post.
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activistpost--2020-12-23--Signed by the Governor: New York Puts Moratorium on Facial Recognition in Schools

Today , New York Gov .
Andrew Cuomo signed a bill placing a temporary moratorium on facial recognition technology in the state ’ s schools .
The new law will not only help protect privacy in New York , but it will also hinder one aspect of the federal surveillance state .
Assm .
Monica Wallace ( D-Lancaster ) introduced Assembly Bill 6787 ( A6787 ) in March .
Sen. Brian Kavanagh ( D-NYC ) sponsored the Senate companion bill ( S5140 ) .
The legislation bans the purchase and use of biometric identifying technology , including facial recognition technology @ @ @ @ @ @ @ elementary and secondary schools until July 1 , 2022 , or upon the completion of a full review on biometric surveillance in schools .
The bill establishes a commission to study whether biometric technology is appropriate for use in New York schools , and if so , what kind of restrictions should be placed on their use .
This creates an opportunity to implement a permanent ban or at least substantial limits on facial recognition in New York schools .
In June , the Assembly passed A6787 by a 118-21 vote .
The @ @ @ @ @ @ @ Gov .
Cuomo ’ s signature , the law goes into immediate effect .
The Tenth Amendment Center is part of a coalition of more than 40 organizations that pushed for the passage of this bill .
That coalition put significant pressure on Cuomo to enact the legislation .
In August , the coalition sent a letter to the governor urging him to sign the bill .
Enactment of A6787 takes the first step toward limiting biometric surveillance and facial recognition in New York by temporarily halting its use in schools and creating @ @ @ @ @ @ @ future .
It will also hinder a federal program to create a nationwide facial recognition surveillance database .
A recent report revealed that the federal government has turned state drivers ’ license photos into a giant facial recognition database , putting virtually every driver in America in a perpetual electronic police lineup .
The revelations generated widespread outrage , but this story isn ’ t new .
The federal government has been developing a massive , nationwide facial recognition system for years .
The FBI rolled out a nationwide facial-recognition program in the @ @ @ @ @ @ @ of building a giant biometric database with pictures provided by the states and corporate friends .
In 2016 , the Center on Privacy and Technology at Georgetown Law released “ The Perpetual Lineup , ” a massive report on law enforcement use of facial recognition technology in the U.S. You can read the complete report at perpetuallineup.org .
The organization conducted a year-long investigation and collected more than 15,000 pages of documents through more than 100 public records requests .
The report paints a disturbing picture of intense cooperation between the federal government @ @ @ @ @ @ @ to develop a massive facial recognition database .
Become an Activist Post Patron for just $ 1 per month at Patreon .
There are many technical and legal problems with facial recognition , including significant concerns about the accuracy of the technology , particularly when reading the facial features of minority populations .
During a test run by the ACLU of Northern California , facial recognition misidentified 26 members of the California legislature as people in a database of arrest photos .
With facial recognition technology , police and other government officials have @ @ @ @ @ @ @ .
These systems allow law enforcement agents to use video cameras and continually scan everybody who walks by .
According to the report , several major police departments have expressed an interest in this type of real-time tracking .
Documents revealed agencies in at least five major cities , including Los Angeles , either claimed to run real-time face recognition off of street cameras , bought technology with the capability , or expressed written interest in buying it .
In all likelihood , the federal government heavily involves itself in helping state and @ @ @ @ @ @ @ feds provide grant money to local law enforcement agencies for a vast array of surveillance gear , including ALPRs , stingray devices and drones .
The federal government essentially encourages and funds a giant nationwide surveillance net and then taps into the information via fusion centers and the Information Sharing Environment ( ISE ) .
Fusion centers were sold as a tool to combat terrorism , but that is not how they are being used .
The ACLU pointed to a bipartisan congressional report to demonstrate the true nature of government fusion centers @ @ @ @ @ @ @ anything meaningful to counterterrorism efforts .
Instead , they have largely served as police surveillance and information sharing nodes for law enforcement efforts targeting the frequent subjects of police attention : Black and brown people , immigrants , dissidents , and the poor.
” Fusion centers operate within the broader ISE .
According to its website , the ISE “ provides analysts , operators , and investigators with information needed to enhance national security .
These analysts , operators , and investigators…have mission needs to collaborate and share information with each other and @ @ @ @ @ @ @ allies.
” In other words , ISE serves as a conduit for the sharing of information gathered without a warrant .
Known ISE partners include the Office of Director of National Intelligence which oversees 17 federal agencies and organizations , including the NSA .
ISE utilizes these partnerships to collect and share data on the millions of unwitting people they track .
Reports that the Berkeley Police Department in cooperation with a federal fusion center deployed cameras equipped to surveil a “ free speech ” rally and Antifa counterprotests provided the first solid @ @ @ @ @ @ @ authorities in facial recognition surveillance .
In a nutshell , without state and local cooperation , the feds have a much more difficult time gathering information .
Passage of state laws and local ordinances banning and limiting facial recognition eliminates one avenue for gathering facial recognition data .
Simply put , data that doesn ’ t exist can not be entered into federal databases .
Michael Maharrey [ send him email ] is the Communications Director for the Tenth Amendment Center .
He is from the original home of the Principles of ’ @ @ @ @ @ @ @ northern Florida .
See his blog archive here and his article archive here .
He is the author of the book , Our Last Hope : Rediscovering the Lost Path to Liberty .
You can visit his personal website at MichaelMaharrey.com and like him on Facebook HERE Subscribe to Activist Post for truth , peace , and freedom news .
Send resources to the front lines of peace and freedom HERE !
Follow us on SoMee , HIVE , Parler , Flote , Minds , MeWe and Twitter .
Provide , Protect and @ @ @ @ @ @ @ Get a free issue of Counter Markets today .

By Michael Maharrey
Today, New York Gov. Andrew Cuomo signed a bill placing a temporary moratorium on facial recognition technology in the state’s schools. The new law will not only help protect privacy in New York, but it will also hinder one aspect of the federal surveillance state.
Assm. Monica Wallace (D-Lancaster) introduced Assembly Bill 6787 (A6787) in March. Sen. Brian Kavanagh (D-NYC) sponsored the Senate companion bill (S5140). The legislation bans the purchase and use of biometric identifying technology, including facial recognition technology, by New York public and nonpublic elementary and secondary schools until July 1, 2022, or upon the completion of a full review on biometric surveillance in schools.
The bill establishes a commission to study whether biometric technology is appropriate for use in New York schools, and if so, what kind of restrictions should be placed on their use. This creates an opportunity to implement a permanent ban or at least substantial limits on facial recognition in New York schools.
In June, the Assembly passed A6787 by a 118-21 vote. The Senate approved the measure 46-14. With Gov. Cuomo’s signature, the law goes into immediate effect.
The Tenth Amendment Center is part of a coalition of more than 40 organizations that pushed for the passage of this bill. That coalition put significant pressure on Cuomo to enact the legislation. In August, the coalition sent a letter to the governor urging him to sign the bill.
Enactment of A6787 takes the first step toward limiting biometric surveillance and facial recognition in New York by temporarily halting its use in schools and creating a process for further limits in the future.
It will also hinder a federal program to create a nationwide facial recognition surveillance database.
IMPACT ON FEDERAL PROGRAMS
A recent report revealed that the federal government has turned state drivers’ license photos into a giant facial recognition database, putting virtually every driver in America in a perpetual electronic police lineup. The revelations generated widespread outrage, but this story isn’t new. The federal government has been developing a massive, nationwide facial recognition system for years.
The FBI rolled out a nationwide facial-recognition program in the fall of 2014, with the goal of building a giant biometric database with pictures provided by the states and corporate friends.
In 2016, the Center on Privacy and Technology at Georgetown Law released “The Perpetual Lineup,” a massive report on law enforcement use of facial recognition technology in the U.S. You can read the complete report at perpetuallineup.org. The organization conducted a year-long investigation and collected more than 15,000 pages of documents through more than 100 public records requests. The report paints a disturbing picture of intense cooperation between the federal government, and state and local law enforcement to develop a massive facial recognition database.
Become an Activist Post Patron for just $1 per month at Patreon.
“Face recognition is a powerful technology that requires strict oversight. But those controls, by and large, don’t exist today,” report co-author Clare Garvie said. “With only a few exceptions, there are no laws governing police use of the technology, no standards ensuring its accuracy, and no systems checking for bias. It’s a wild west.”
There are many technical and legal problems with facial recognition, including significant concerns about the accuracy of the technology, particularly when reading the facial features of minority populations. During a test run by the ACLU of Northern California, facial recognition misidentified 26 members of the California legislature as people in a database of arrest photos.
With facial recognition technology, police and other government officials have the capability to track individuals in real-time. These systems allow law enforcement agents to use video cameras and continually scan everybody who walks by. According to the report, several major police departments have expressed an interest in this type of real-time tracking. Documents revealed agencies in at least five major cities, including Los Angeles, either claimed to run real-time face recognition off of street cameras, bought technology with the capability, or expressed written interest in buying it.
In all likelihood, the federal government heavily involves itself in helping state and local agencies obtain this technology. The feds provide grant money to local law enforcement agencies for a vast array of surveillance gear, including ALPRs, stingray devices and drones. The federal government essentially encourages and funds a giant nationwide surveillance net and then taps into the information via fusion centers and the Information Sharing Environment (ISE).
Fusion centers were sold as a tool to combat terrorism, but that is not how they are being used. The ACLU pointed to a bipartisan congressional report to demonstrate the true nature of government fusion centers: “They haven’t contributed anything meaningful to counterterrorism efforts. Instead, they have largely served as police surveillance and information sharing nodes for law enforcement efforts targeting the frequent subjects of police attention: Black and brown people, immigrants, dissidents, and the poor.”
Fusion centers operate within the broader ISE. According to its website, the ISE “provides analysts, operators, and investigators with information needed to enhance national security. These analysts, operators, and investigators…have mission needs to collaborate and share information with each other and with private sector partners and our foreign allies.” In other words, ISE serves as a conduit for the sharing of information gathered without a warrant. Known ISE partners include the Office of Director of National Intelligence which oversees 17 federal agencies and organizations, including the NSA. ISE utilizes these partnerships to collect and share data on the millions of unwitting people they track.
Reports that the Berkeley Police Department in cooperation with a federal fusion center deployed cameras equipped to surveil a “free speech” rally and Antifa counterprotests provided the first solid link between the federal government and local authorities in facial recognition surveillance.
In a nutshell, without state and local cooperation, the feds have a much more difficult time gathering information. Passage of state laws and local ordinances banning and limiting facial recognition eliminates one avenue for gathering facial recognition data. Simply put, data that doesn’t exist cannot be entered into federal databases.
Source: Tenth Amendment Center
Michael Maharrey [send him email] is the Communications Director for the Tenth Amendment Center. He is from the original home of the Principles of ’98 – Kentucky and currently resides in northern Florida. See his blog archive here and his article archive here. He is the author of the book, Our Last Hope: Rediscovering the Lost Path to Liberty. You can visit his personal website at MichaelMaharrey.com and like him on Facebook HERE
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activistpost--2020-12-22--Social Security Is A Mess: There Are 6 Million Active Accounts Of People Aged 112+

Our friends at Open The Books continue to expose government waste – and fraud – and in their latest investigation , they have shone the spotlight on one of the largest wastes in the US government : the Social Security Administration .
What they have uncovered is that Social Security admitted to $ 8 billion in improper and mistaken payments .
The punchline : when they dug deeper , they found that there are six million active social security numbers of people aged 112 and older… even though only 40 or less of those people exist in the world .
@ @ @ @ @ @ @ : failure to verify death .
And yet while you won ’ t read about it in the papers , the four-year total sum to US taxpayers is roughly $ 2.8 billion , which in today ’ s numbers when trillions are thrown around may not sound like much , but add up all the other areas of government waste , and soon you end up with far greater numbers .
Watch the clip below for more .
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By Tyler Durden
Our friends at Open The Books continue to expose government waste – and fraud – and in their latest investigation, they have shone the spotlight on one of the largest wastes in the US government: the Social Security Administration.
What they have uncovered is that Social Security admitted to $8 billion in improper and mistaken payments.
The punchline: when they dug deeper, they found that there are six million active social security numbers of people aged 112 and older… even though only 40 or less of those people exist in the world.
The root cause of this colossal abuse: failure to verify death. And yet while you won’t read about it in the papers, the four-year total sum to US taxpayers is roughly $2.8 billion, which in today’s numbers when trillions are thrown around may not sound like much, but add up all the other areas of government waste, and soon you end up with far greater numbers.
Watch the clip below for more.
Source: Zero Hedge
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activistpost--2020-12-22--Apple Gets Into the Self-Driving Cars Business.  But Will They Be Safe?

Autonomous Vehicles ( AV ) sound really cool if you are completely oblivious to all the expert warnings that they are NOT safe ( see 1 , 2 , 3 , 4 , 5 ) .
This includes their vulnerability to being hacked by lasers .
Current AV owners also continue to report panic inducing issues – accidents , near-accidents , and other foibles ( see 1 , 2 , 3 ) .
Nevertheless , automakers still want the U.S. Department of Transportation to make it easier to operate them on public roads .
Apple wants to sell them now @ @ @ @ @ @ @ a huge blow to Elon Musk ’ s plan for 1 million robotaxis – if it had any basis in reality , that is – is today ’ s news that Apple is “ moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle , ” according to Reuters .
The news dropped just before the closing bell on Monday – during Tesla ’ s first day trading as an S & P 500 index component .
Tesla shares slipped to their lowest of the day on the @ @ @ @ @ @ @ to their highs of the day .
In addition to designing self-driving vehicles , Reuters also reported that Apple ’ s cars could “ include its own breakthrough battery technology ” .
Apple ’ s development project , called “ Project Titan ” was rumored to have been shelved after first starting in 2014 .
However , former Tesla executive Doug Field returned back to Apple in 2018 to work on the project before laying off 190 people from the team in 2019 .
But since then , “ Apple has progressed enough @ @ @ @ @ @ @ vehicle for consumers ” , Reuters noted .
Apple could now become competitors with major self-driving projects , including Google/Alphabet ’ s Waymo .
Apple also apparently is working on a new battery design that could “ radically ” reduce battery cost and increase a vehicle ’ s range – one of the biggest problems currently facing the EV industry .
The battery is said to be a “ monocell ” design that “ bulks up the individual cells in the battery and frees up space inside the battery pack by eliminating pouches @ @ @ @ @ @ @ , the report noted .
A source close to the company said : “ It ’ s next level .
Like the first time you saw the iPhone.
” “ If there is one company on the planet that has the resources to do that , it ’ s probably Apple .
But at the same time , it ’ s not a cellphone , ” one person familiar with the company said .
Apple will likely “ rely on a manufacturing partner to build vehicles ” and there ’ s still a @ @ @ @ @ @ @ , a source said .
The company is also using outside partners for Lidar systems and other elements of the vehicle .
The car could “ feature multiple lidar sensors for scanning different distances , ” including sensors that have been developed internally at Apple .
Two people said that the pandemic could push Apple ’ s production date into 2025 , or perhaps later .
Become an Activist Post Patron for just $ 1 per month at Patreon .
Another valid concern about AVs : job loss .
Hundreds of thousands of @ @ @ @ @ @ @ to them .
No wonder tech moguls have been preaching the need for Universal Basic Income ( UBI ) for the past couple years .
Activist Post reports regularly about unsafe technology .
For more information visit our archives .
Subscribe to Activist Post for truth , peace , and freedom news .
Send resources to the front lines of peace and freedom HERE !
Follow us on SoMee , HIVE , Parler , Flote , Minds , MeWe and Twitter .
Provide , Protect and Profit from what ’ s coming !
@ @ @ @ @ @ @ today .

By B.N. Frank
Autonomous Vehicles (AV) sound really cool if you are completely oblivious to all the expert warnings that they are NOT safe (see 1, 2, 3, 4, 5). This includes their vulnerability to being hacked by lasers.
Current AV owners also continue to report panic inducing issues – accidents, near-accidents, and other foibles (see 1, 2, 3). Nevertheless, automakers still want the U.S. Department of Transportation to make it easier to operate them on public roads. Apple wants to sell them now too.
From Zero Hedge:
Apple “Moving Forward” With Self-Driving Car Technology
In what could come as a huge blow to Elon Musk’s plan for 1 million robotaxis – if it had any basis in reality, that is – is today’s news that Apple is “moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle,” according to Reuters.
The news dropped just before the closing bell on Monday – during Tesla’s first day trading as an S&P 500 index component. Tesla shares slipped to their lowest of the day on the news, while Apple shares perked up to their highs of the day.
In addition to designing self-driving vehicles, Reuters also reported that Apple’s cars could “include its own breakthrough battery technology”.
Apple’s development project, called “Project Titan” was rumored to have been shelved after first starting in 2014. However, former Tesla executive Doug Field returned back to Apple in 2018 to work on the project before laying off 190 people from the team in 2019. But since then, “Apple has progressed enough that it now aims to build a vehicle for consumers”, Reuters noted.
Apple could now become competitors with major self-driving projects, including Google/Alphabet’s Waymo.
Apple also apparently is working on a new battery design that could “radically” reduce battery cost and increase a vehicle’s range – one of the biggest problems currently facing the EV industry.
The battery is said to be a “monocell” design that “bulks up the individual cells in the battery and frees up space inside the battery pack by eliminating pouches and modules that hold battery materials”, the report noted. A source close to the company said: “It’s next level. Like the first time you saw the iPhone.”
“If there is one company on the planet that has the resources to do that, it’s probably Apple. But at the same time, it’s not a cellphone,” one person familiar with the company said. Apple will likely “rely on a manufacturing partner to build vehicles” and there’s still a chance it could pare back its efforts, a source said. The company is also using outside partners for Lidar systems and other elements of the vehicle. The car could “feature multiple lidar sensors for scanning different distances,” including sensors that have been developed internally at Apple.
Two people said that the pandemic could push Apple’s production date into 2025, or perhaps later.
Become an Activist Post Patron for just $1 per month at Patreon.
Another valid concern about AVs: job loss. Hundreds of thousands of transportation industry employees could lose their jobs to them. No wonder tech moguls have been preaching the need for Universal Basic Income (UBI) for the past couple years.
Activist Post reports regularly about unsafe technology. For more information visit our archives.
Become a Patron!
Subscribe to Activist Post for truth, peace, and freedom news. Send resources to the front lines of peace and freedom HERE! Follow us on SoMee, HIVE, Parler, Flote, Minds, MeWe and Twitter.
Provide, Protect and Profit from what’s coming! Get a free issue of Counter Markets today.


activistpost--2020-12-22--U.S. Gov’t Knew Decades Ago About Health Impact from WiFi Radiation According to 4000 Documents

Recently , the National Academies of Sciences declared that American Embassy workers in China and Cuba were injured by microwave radiation exposure .
The cause has yet to be determined .
It may not have been from weapons .
Of course , there is plenty of research that has determined that exposure to all sources of microwave radiation – including from common wireless sources – can cause “ Microwave Sickness ” ( see 1 , 2 , 3 , 4 , 5 ) .
Common sources include cell towers , utility “ Smart ” Meters , Bluetooth , Activity Trackers @ @ @ @ @ @ @ Wi-Fi routers , wireless chargers , and other personal and home devices .
Archive of 4,000 Documents Reveals Government Knew Decades Ago About Health Impact of Wireless Technology Researcher Zorach Glaser , Ph.D. spent decades archiving studies that examine the link between certain health issues and exposure to microwave and radio frequencies .
Scholars and the public are now invited to help review Glaser ’ s documents .
Zorach ( Zory ) Glaser Ph.D. , LT , MSC , USNR , is one of the most important scientists to study the impact of @ @ @ @ @ @ @ career as a government research scientist spans decades working for the U.S. Navy , the U.S. Public Health Service , the National Institute for Occupational Safety and Health ( NIOSH ) and the U.S. Food and Drug Administration ’ s Bureau of Radiological Health .
Glaser ’ s extensive archive of nearly 4,000 documents , now available to the public , provides clear evidence that the harmful effects of wireless were known long before cell phones and wireless technology were commercialized in the early 1980s .
The archive materials reveal that the U.S. @ @ @ @ @ @ @ for decades of the harm wireless technology can cause to human health .
During World War II , the U.S. military started to use radar , and the use of radio telecommunications systems was growing .
Soldiers working with these systems , which use radio and microwave frequencies — the same frequencies used for wireless devices such as cell phones and Wi-Fi — began to complain of adverse health effects from exposure to the radiation emitted by these systems .
At the time , the illness experienced by these soldiers was referred to @ @ @ @ @ @ @ Glaser was assigned by the U.S. Navy ’ s Naval Medical Research Center to investigate .
He spent about a decade collecting every study conducted within and outside the U.S. showing that the radiation emitted from radio frequencies ( RFs ) and microwave frequencies may cause adverse health effects .
Dr. Glaser ’ s report , “ Bibliography of Reported Biological Phenomena ( “ Effects ” ) and Clinical Manifestations Attributed to Microwave and Radio-Frequency Radiation , ” was published in 1971 .
The report references more than 2,300 studies showing multiple adverse @ @ @ @ @ @ @ .
Pages 5-12 of the report ’ s bibliography list these adverse effects , including damage to vital organs and other tissues and the central nervous system , physiological and psychological effects , blood and vascular disorders , metabolic and gastrointestinal disorders , and endocrine and histological changes .
At that time , it was mostly only military personnel who were exposed to high levels of microwaves and RF radiation and who developed Microwave/Radiation Sickness .
But today , the whole population is exposed to levels of radiation which are millions and sometimes @ @ @ @ @ @ @ when Glaser started his work a few decades ago .
The “ Microwave Sickness ” symptoms suffered then by the military personnel are now widely seen among growing numbers of people in the general population who are exposed to this electro-smog pollution from wireless devices .
The sickness , also referred to as electro-sensitivity , is estimated to affect 10 % of the general population .
Glasers ’ studies and reports are of the utmost importance and relevance to existing harms from current wireless technology , including 5G , cell towers , Wi-Fi @ @ @ @ @ @ @ type of frequencies and intensities as those studied by Glaser .
For this reason Glaser ’ s reports have been crucial in supporting advocacy efforts and letting the public know that despite what the government and telecom say , there is more than ample evidence of harm from these exposures .
A few years ago , when Glaser realized the importance of his archives , he donated them to Dr. Magda Havas , Ph.D. of Trent University in Canada .
Havas , an associate professor of environmental and resource studies , has worked @ @ @ @ @ @ @ the harms of wireless technology .
According to Havas , Glaser ’ s archive contains quite a few “ gems.
” “ Zory was a packrat ( his words ) and he kept everything , Havas said .
“ I found one paper that was circulated to only nine people with health recommendations that were ignored.
” To make these important documents available to the public , Havas and her team have worked for years to scan all the documents and make them searchable .
So far Havas ’ team has scanned 20 @ @ @ @ @ @ @ ’ s archives .
Because of the archive ’ s magnitude , the public is invited to help review the documents .
Scholars who are interested are invited to write short overviews of some of the more useful and relevant finds and post those overviews on Zory ’ s website .
People who find important information are asked to let Havas know .
If you are interested in participating in this project , please contact Dr. Magda Havas ( [ email protected ] ) with a subject heading of “ Zory ’ s @ @ @ @ @ @ @ can affect them too .
High speed internet can be accessed safely by using wired connections .
Many have already made the switch .
Become an Activist Post Patron for just $ 1 per month at Patreon .
Activist Post reports regularly about unsafe technology .
For more information visit our archives and the following websites : • We Are The Evidence Subscribe to Activist Post for truth , peace , and freedom news .
Send resources to the front lines of peace and freedom HERE !
Follow us on SoMee , HIVE @ @ @ @ @ @ @ MeWe and Twitter .
Provide , Protect and Profit from what ’ s coming !
Get a free issue of Counter Markets today .

By B.N. Frank
Recently, the National Academies of Sciences declared that American Embassy workers in China and Cuba were injured by microwave radiation exposure. The cause has yet to be determined. It may not have been from weapons.
Of course, there is plenty of research that has determined that exposure to all sources of microwave radiation – including from common wireless sources – can cause “Microwave Sickness” (see 1, 2, 3, 4, 5). Common sources include cell towers, utility “Smart” Meters, Bluetooth, Activity Trackers and other wearables, cell phones, Wi-Fi routers, wireless chargers, and other personal and home devices.
More from Children’s Health Defense:
Archive of 4,000 Documents Reveals Government Knew Decades Ago About Health Impact of Wireless Technology
Researcher Zorach Glaser, Ph.D. spent decades archiving studies that examine the link between certain health issues and exposure to microwave and radio frequencies. Scholars and the public are now invited to help review Glaser’s documents.
Zorach (Zory) Glaser Ph.D., LT, MSC, USNR, is one of the most important scientists to study the impact of wireless technology on human health. His career as a government research scientist spans decades working for the U.S. Navy, the U.S. Public Health Service, the National Institute for Occupational Safety and Health (NIOSH) and the U.S. Food and Drug Administration’s Bureau of Radiological Health.
Glaser’s extensive archive of nearly 4,000 documents, now available to the public, provides clear evidence that the harmful effects of wireless were known long before cell phones and wireless technology were commercialized in the early 1980s.
The archive materials reveal that the U.S. government, particularly the military, knew for decades of the harm wireless technology can cause to human health. During World War II, the U.S. military started to use radar, and the use of radio telecommunications systems was growing.
Soldiers working with these systems, which use radio and microwave frequencies — the same frequencies used for wireless devices such as cell phones and Wi-Fi — began to complain of adverse health effects from exposure to the radiation emitted by these systems.
At the time, the illness experienced by these soldiers was referred to as “Radiation Sickness /Microwave Sickness.”
Glaser was assigned by the U.S. Navy’s Naval Medical Research Center to investigate. He spent about a decade collecting every study conducted within and outside the U.S. showing that the radiation emitted from radio frequencies (RFs) and microwave frequencies may cause adverse health effects.
Dr. Glaser’s report, “Bibliography of Reported Biological Phenomena (“Effects”) and Clinical Manifestations Attributed to Microwave and Radio-Frequency Radiation,” was published in 1971. The report references more than 2,300 studies showing multiple adverse biological responses to radio- and microwave-frequency radiation.
Pages 5-12 of the report’s bibliography list these adverse effects, including damage to vital organs and other tissues and the central nervous system, physiological and psychological effects, blood and vascular disorders, metabolic and gastrointestinal disorders, and endocrine and histological changes.
Glaser’s 1976 updated report includes 3,700 studies which confirm the soldiers’ complaints.
At that time, it was mostly only military personnel who were exposed to high levels of microwaves and RF radiation and who developed Microwave/Radiation Sickness.
But today, the whole population is exposed to levels of radiation which are millions and sometimes billions of times higher than they were when Glaser started his work a few decades ago.
Picture
The “Microwave Sickness” symptoms suffered then by the military personnel are now widely seen among growing numbers of people in the general population who are exposed to this electro-smog pollution from wireless devices. The sickness, also referred to as electro-sensitivity, is estimated to affect 10% of the general population.
Glasers’ studies and reports are of the utmost importance and relevance to existing harms from current wireless technology, including 5G, cell towers, Wi-Fi and cell phones which use the same type of frequencies and intensities as those studied by Glaser. For this reason Glaser’s reports have been crucial in supporting advocacy efforts and letting the public know that despite what the government and telecom say, there is more than ample evidence of harm from these exposures.
A few years ago, when Glaser realized the importance of his archives, he donated them to Dr. Magda Havas, Ph.D. of Trent University in Canada. Havas, an associate professor of environmental and resource studies, has worked for more than a decade to expose the harms of wireless technology.
According to Havas, Glaser’s archive contains quite a few “gems.” “Zory was a packrat (his words) and he kept everything, Havas said. “I found one paper that was circulated to only nine people with health recommendations that were ignored.”
To make these important documents available to the public, Havas and her team have worked for years to scan all the documents and make them searchable. So far Havas’ team has scanned 20 out of the 25 boxes of Glaser’s archives.
Because of the archive’s magnitude, the public is invited to help review the documents. Scholars who are interested are invited to write short overviews of some of the more useful and relevant finds and post those overviews on Zory’s website. People who find important information are asked to let Havas know.
If you are interested in participating in this project, please contact Dr. Magda Havas (drmagdahavas@gmail.com) with a subject heading of “Zory’s Archive.”
Got pets? Wireless exposure can affect them too. High speed internet can be accessed safely by using wired connections. Many have already made the switch.
Become an Activist Post Patron for just $1 per month at Patreon.
Activist Post reports regularly about unsafe technology. For more information visit our archives and the following websites:
Become a Patron!
Subscribe to Activist Post for truth, peace, and freedom news. Send resources to the front lines of peace and freedom HERE! Follow us on SoMee, HIVE, Parler, Flote, Minds, MeWe and Twitter.
Provide, Protect and Profit from what’s coming! Get a free issue of Counter Markets today.