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Epstein is only the latest incarnation of a much older, more extensive and sophisticated operation that offers a frightening window into how deeply tied the US government is to the modern-day equivalents of organized crime.
Despite his “sweetheart” deal and having seemingly evaded justice, billionaire sex offender Jeffrey Epstein was arrested earlier this month on federal charges for sex trafficking minors. Epstein’s arrest has again brought increased media attention to many of his famous friends, the current president among them.
Many questions have since been asked about how much Epstein’s famous friends knew of his activities and exactly what Epstein was up to. The latter arguably received the most attention after it was reported that Alex Acosta — who arranged Epstein’s “sweetheart” deal in 2008 and who recently resigned as Donald Trump’s Labor Secretary following Epstein’s arrest — claimed that the mysterious billionaire had worked for “intelligence.”
Other investigations have made it increasingly clear that Epstein was running a blackmail operation, as he had bugged the venues — whether at his New York mansion or Caribbean island getaway — with microphones and cameras to record the salacious interactions that transpired between his guests and the underage girls that Epstein exploited. Epstein appeared to have stored much of that blackmail in a safe on his private island.
Claims of Epstein’s links and his involvement in a sophisticated, well-funded sexual blackmail operation have, surprisingly, spurred few media outlets to examine the history of intelligence agencies both in the U.S. and abroad conducting similar sexual blackmail operations, many of which also involved underage prostitutes.
In the U.S. alone, the CIA operated numerous sexual blackmail operations throughout the country, employing prostitutes to target foreign diplomats in what the Washington Post once nicknamed the CIA’s “love traps.” If one goes even farther back into the U.S. historical record it becomes apparent that these tactics and their use against powerful political and influential figures significantly predate the CIA and even its precursor, the Office of Strategic Services (OSS). In fact, they were pioneered years earlier by none other than the American Mafia.
In the course of this investigation, MintPress discovered that a handful of figures who were influential in American organized crime during and after Prohibition were directly engaged in sexual blackmail operations that they used for their own, often dark, purposes.
In Part I of this exclusive investigation, MintPress will examine how a mob-linked businessman with deep ties to notorious gangster Meyer Lansky developed close ties with the Federal Bureau of Investigation (FBI) while also running a sexual blackmail operation for decades, which later became a covert part of the anti-communist crusade of the 1950s led by Senator McCarthy (R-WI), himself known throughout Washington for having a habit of drunkenly groping underage teenaged girls.
Yet, it would be one of McCarthy’s closest aides who would take over the ring in later years, trafficking minors and expanding this sexual blackmail operation at the same time he expanded his own political influence, putting him in close contact with prominent figures including former President Ronald Reagan and a man who would later become president, Donald Trump.
As will be revealed in Part II, after this figure’s death, the blackmail operation continued under various successors in different cities and there is strong evidence that Jeffrey Epstein became one of them.
Samuel Bronfman and the Mob
The Prohibition Era in the United States is often used as an example of how banning recreational substances not only increases their popularity but also causes a boom in criminal activity. Indeed, it was Prohibition that greatly increased the strength of the American Mafia, as the top crime lords of the day grew rich through the clandestine trade and sale of alcohol in addition to gambling and other activities.
It is through the bootlegging trade of the 1920s and the early 1930s that this story begins, as it brought together key figures whose successors and affiliates would eventually create a series of blackmail and sex trafficking rings that would give rise to the likes of Jeffrey Epstein, the “Lolita Express” and “Orgy Island.”
Samuel Bronfman never planned to become a major producer of liquor but true to his family’s last name, which means “brandy man” in Yiddish, he eventually began distributing alcohol as an extension of his family’s hotel business. During Canada’s Prohibition period, which was briefer than and preceded that of its southern neighbor, the Bronfman family business used loopholes to skirt the law and find technically legal ways to sell alcohol in the hotels and stores the family owned. The family relied on its connections with members of the American Mafia to illegally smuggle alcohol from the United States.
Soon after Prohibition ended in Canada, it began in the United States and, by the time the flow of illegal alcohol had turned the other way, the Bronfmans – whose business ventures were then being led by Sam Bronfman and his brothers — were relatively late to an already flourishing bootlegging trade.
“We were late starters in the two most lucrative markets – on the high seas and across the Detroit River. What came out of the border trade in Saskatchewan was insignificant by comparison,” Bronfman once told Canadian journalist Terence Robertson, who was then writing a biography of Bronfman. Nonetheless, “this was when we started to make our real money,” Bronfman recounted. Robertson’s biography on Bronfman was never published, as he died under mysterious circumstances soon after warning his colleagues that he had uncovered unsavory information about the Bronfman family.
Samuel Bronfman pictured in 1937 with his sons Edgar and Charles
Samuel Bronfman mob
Key to Bronfman’s success during American Prohibition were the ties his family had cultivated with organized crime during Canada’s Prohibition, ties that led many prominent members of the mob in the United States to favor Bronfman as a business partner. Bronfman liquor was purchased in massive quantities by many crime lords who still live on in American legend, including Charles “Lucky” Luciano, Moe Dalitz, Abner “Longy” Zwillman and Meyer Lansky.
Most of Bronfman’s mob associates during Prohibition were members of what became known as the National Crime Syndicate, which a 1950s Senate investigative body known as the Kefauver Committee described as a confederation dominated by Italian-American and Jewish-American mobs. During that investigation, some of the biggest names in the American Mafia named Bronfman as a central figure in their bootlegging operations. The widow of notorious American mob boss Meyer Lansky even recounted how Bronfman had thrown lavish dinner parties for her husband.
Years later, Samuel Bronfman’s children and grandchildren, their family’s ties to the criminal underworld intact, would go on to associate closely with Leslie Wexner, allegedly the source of much of Epstein’s mysterious wealth, and other mob-linked “philanthropists,” and some would even manage their own sexual blackmail operations, including the recently busted blackmail-based “sex cult” NXIVM. The later generations of the Bronfman family, particularly Samuel Bronfman’s sons Edgar and Charles, will be discussed in greater detail in Part II of this report.
Lewis Rosenstiel’s dark secret
Crucial to Bronfman’s Prohibition-era bootlegging operations were two middlemen, one of whom was Lewis “Lew” Rosenstiel. Rosenstiel got his start working at his uncle’s distillery in Kentucky before Prohibition. Once the law banning alcohol was in force, Rosenstiel created the Schenley Products Company, which would later become one of the largest liquor companies in North America.
Though he was a high school drop-out and not particularly well-connected socially at the time, Rosenstiel happened to have a “chance” meeting with Winston Churchill in 1922 while on vacation in the French Riviera. According to the New York Times, Churchill “advised him [Rosenstiel] to prepare for the return of liquor sales in the United States.” Rosenstiel somehow managed to secure the funding of the elite and respected Wall Street firm Lehman Brothers to finance his purchase of shuttered distilleries.
Officially, Rosenstiel is said to have built his company and wealth after Prohibition, by following Churchill’s advice to prepare for Repeal. However, he was clearly involved in bootlegging operations and was even indicted for bootlegging in 1929, though he evaded conviction. Like Bronfman, Rosenstiel was close to organized crime, particularly members of the mostly Jewish-American and Italian-American mob alliance known as the National Crime Syndicate.
Subsequent New York state legislative investigations would allege that Rosenstiel “was part of a ‘consortium’ with underworld figures that bought liquor in Canada [from Samuel Bronfman]”, whose other members were “Meyer Lansky, the reputed organized crime leader; Joseph Fusco, an associate of late Chicago gangster Al Capone and Joseph Linsey, a Boston man Mr. Kelly [the congressional investigator testifying] identified as a convicted bootlegger.” Rosenstiel’s relationship with these men, particularly Lansky, would continue long after Prohibition and Bronfman, for his part, would also maintain his mob ties.
In addition to his friends in the mob, Rosenstiel also cultivated close ties with the FBI, developing a close relationship with longtime FBI Director J. Edgar Hoover and making Hoover’s right-hand man and longtime assistant at the FBI, Louis Nichols, the Vice President of his Schenley empire in 1957.
Despite their similar backgrounds as bootlegger barons turned “respectable” businessmen, Bronfman’s and Rosenstiel’s personalities were drastically different and their relationship was complicated, at best. One example of the dissimilarities between North America’s top liquor barons was how they treated their staff. Bronfman was not necessarily known for being a cruel boss, whereas Rosenstiel was known for his erratic and “monstrous” behavior towards employees as well as his unusual practice of bugging his offices in order to hear what employees said about him when he wasn’t present.
Rosenstiel was connected to both the FBI and to organized crime
Such differences between Bronfman and Rosenstiel were also reflected in their personal lives. While Bronfman married only once and was loyal to his wife, Rosenstiel was married five times and was known for his relatively closeted bisexual antics, a part of his life that was well-known to many of his close associates and employees.
Though for years there were only hints to this other side of the controversial businessman, details emerged years later during a divorce proceeding brought by Rosenstiel’s fourth wife, Susan Kaufman, that would back the claims. Kaufman alleged that Rosenstiel hosted extravagant parties that included “boy prostitutes” that her husband had hired “for the enjoyment” of certain guests, which included important government officials and prominent figures in America’s criminal underworld. Kaufman would later make the same claims under oath during the hearing of the New York’s State Joint Legislative Committee on Crime in the early 1970s.
Not only did Rosenstiel organize these parties, but he also made sure that their venues were bugged with microphones that recorded the antics of his high-profile guests. Those audio recordings, Kaufman alleged, were then kept for the purpose of blackmail. Though Kaufman’s claims are shocking, her testimony was deemed credible and held in high regard by the former chief counsel of the Crime Committee, New York Judge Edward McLaughlin, and committee investigator William Gallinaro and aspects of her testimony were later corroborated by two separate witnesses who were unknown to Kaufman.
These “blackmail parties” offer a window into an operation that would later become more sophisticated and grow dramatically in the 1950s under Rosenstiel’s “field commander” (a nickname given by Rosenstiel to an individual to be named shortly in this report). Many of the people connected to Rosenstiel’s “field commander” during the 70s and 80s have again found their names in the press following the recent arrest of Jeffrey Epstein.
The “Untouchable” Mobster
Bronfman and Rosenstiel became legendary in the North American liquor business, in part due to their fight for supremacy in the industry, which the New York Times described as often erupting “into bitter personal and corporate battles.” Despite their dueling in the corporate world, the one thing that united the two businessmen more than anything else was their close connection to American organized crime, particularly renowned mobster Meyer Lansky.
Lansky is one of the most notorious gangsters in the history of American organized crime and is notable for being the only famous mobster rising to notoriety in the 1920s who managed to die an old man and never serve a day in jail.
Lansky’s long life and ability to avoid prison time was largely the result of his close relationships to powerful businessmen like Bronfman and Rosenstiel (among many others), the Federal Bureau of Investigation (FBI) and the U.S. intelligence community, as well as his role in establishing several blackmail and extortion rings that helped him keep the law at arm’s length. Indeed, when Lansky was finally charged with a crime in the 1970s, it was the Internal Revenue Service that brought the charges, not the FBI, and he was charged with and acquitted of tax evasion.
Lansky was remarkably close to both Bronfman and Rosenstiel. Bronfman regularly threw “lavish dinner parties” in Lansky’s honor both during and after Prohibition. These parties were remembered fondly by Lansky’s wife, and Lansky in turn did favors for Bronfman, ranging from exclusive protection of his shipments during Prohibition to getting him tickets to coveted “fight of the century” boxing matches.
Rosenstiel also threw regular dinner parties honoring Lansky. Susan Kaufman, Rosenstiel’s ex-wife, claimed to have taken numerous pictures of her ex-husband and Lansky socializing and partying together, photos that were also seen by Mary Nichols of The Philadelphia Inquirer. In addition, Lansky, per Kaufman’s recollection, was one of the individuals that Rosenstiel sought to protect from legal scrutiny as part of his child prostitution and blackmail ring targeting high-ranking officials, and he was overheard saying that if the government “ever brings pressure against Lansky or any of us, we’ll use this [a specific recording taken at one of the ‘parties’] as blackmail.”
Lansky was known to address Rosenstiel as “Supreme Commander,” a title that would later be used to refer to Rosenstiel by another individual deeply connected to the mob and sexual blackmail operations, previously referred to in this report as Rosenstiel’s “Field Commander.”
Lansky also had close ties to the CIA and U.S. military intelligence. During World War II, Lansky — along with his associate Benjamin “Bugsy” Siegel — worked with Naval intelligence in what was codenamed “Operation Underworld,” an operation the existence of which the government denied for over 40 years.
Journalist and noted chronicler of CIA covert activities, Douglas Valentine, noted in his book The CIA as Organized Crime: How Illegal Operations Corrupt America and the World that the government’s cooperation with the Mafia during World War II led to its expansion after the war and set the stage for its future collaboration with U.S. intelligence.
According to Valentine:
Top government officials were also aware that the government’s Faustian pact with the Mafia during World War II had allowed the hoods to insinuate themselves into mainstream America. In return for services rendered during the war, Mafia bosses were protected from prosecution for dozens of unsolved murders. […]
The Mafia was a huge problem in 1951 [when the Kefauver Committee was convened], equivalent to terrorism today. But it was also a protected branch of the CIA, which was co-opting criminal organizations around the world and using them in its secret war against the Soviets and Red Chinese. The Mafia had collaborated with Uncle Sam and had emerged from World War II energized and empowered. They controlled cities across the country.”
Lansky outside the High Court of Israel where he sought permission to emigrate in 1972. Photo | AP
Indeed, not long after its creation, the CIA forged ties with Lansky at the behest of CIA counterintelligence chief James J. Angleton. The CIA would later turn to the Lansky-linked mob in the early 1960s as part of its consistently fruitless quest to assassinate Cuban leader Fidel Castro, showing that the CIA maintained its contacts with Lansky-controlled elements of the Mafia long after the initial meeting with Lansky took place.
The CIA also had close connections to associates of Lansky, such as Edward Moss, who did public relations work for Lansky and was said to be of “interest” to the CIA by the agency’s then-inspector general J.S. Earman. Harry “Happy” Meltzer was also another Lansky associate that was a CIA asset and the CIA asked Meltzer to join an assassination team in December 1960.
In addition to the CIA, Lansky was also connected to a foreign intelligence agency through Tibor Rosenbaum, an arms procurer and high-ranking official in Israel’s Mossad, whose bank – the International Credit Bank of Geneva – laundered much of Lansky’s ill-gotten gains and recycled them into legitimate American businesses.
Despite having been correctly fired, in effect, by Theresa May for clandestine meetings with the Israelis, Priti Patel is back in as Home Secretary with Boris Johnson.
Priti Patel, previously ousted over Israel meetings, named UK home secretary
Dominic Raab to serve as new foreign secretary, Sajid Javid appointed chancellor of the exchequer, as Boris Johnson clears house on his first day as prime minister.
Priti Patel, who resigned as UK aid minister in 2017 over unauthorized meetings with senior Israeli officials, was named as home secretary by British Prime Minister Boris Johnson on Wednesday.
Patel quit in November 2017 after it emerged that she held a series of meetings with Israeli leaders, including Prime Minister Netanyahu, about allocating aid to the Israeli army’s Syrian relief efforts, without properly informing the government.
Patel had apologized for holding 12 separate meetings during a family holiday to Israel in August of that year without notifying the Foreign Office or Downing Street in advance.
The Jewish Chronicle reported at the time that Patel had informed 10 Downing Street of the meetings and had been advised to keep a sit-down with Israeli Foreign Ministry official Yuval Rotem in New York off the list of meetings she disclosed to save face for the Foreign Office. Downing Street denied the claims as “categorically untrue.”
Dominic Raab, who was named by Johnson on Wednesday as the UK’s new foreign secretary — the country’s top diplomat — resigned as Brexit minister in Theresa May’s government last year, saying the divorce deal she struck with Brussels offered too many compromises.
Raab is the son of a Jewish Czech father who fled the Nazis
A 45-year-old graduate of both Oxford and Cambridge and the son of a Jewish Czech father who fled the Nazis, Raab reportedly spent the summer of 1998 at a university near Ramallah and became involved early on in the Arab-Israeli conflict, working with a former Palestinian negotiator of the Oslo peace process in the West Bank.
Raab went viral on social media for admitting at a conference that he “hadn’t quite understood” the importance of the cross-Channel port in Dover to the UK economy. Dover handled 17 percent of Britain’s entire international trade last year, a figure that threatens to plummet under a no-deal Brexit scenario Raab had said he does not much fear. Making matters worse, Raab appeared to suggest that he had only recently discovered this “peculiar geographic economic entity” of his country.
Raab is replacing Jeremy Hunt, Johnson’s rival in the leadership race, who said he had “kindly” been offered a different cabinet role, Sky News reported, but decided to serve on the backbenches, where the PM “will have my full support.”
Hungary has reached an agreement with Poland and Estonia to establish a warning mechanism against the UN Global Compact on Migration which would enable the countries to “move against such pro-migration proposals in their early phases, whether they are drawn up in the UN or in Brussels”.
Peter Szijarto, Hungary’s Foreign Minister, confirmed to Hungary’s MTI that the agreement had been reached with his Polish and Estonian counterparts, About Hungary reports.
On Monday, Szijarto said, “It has once again been made clear that pro-migration forces want to make the United Nations’ global migration compact, the world’s most dangerous migration document, mandatory.”
Last December, at the UN General Assembly, 152 countries voted in favor of the Global Migration Compact while five voted against it, 13 countries abstained, and 57 didn’t vote at all.
Hungary, Poland, the Czech Republic, the United States, and Israel – who all rejected the document last December – were also joined by Estonia in the most recent vote. Not one of the Visegrád countries backed the compact, with Slovakia choosing not to vote in the most recent vote.
Szijarto argued that anything approved by the United Nations essentially becomes part of international law and judicial practice. He also emphasized the need to fight “pro-migration proposals.”
The Visegrád (V4) countries have recently asserted their political will in ways that they haven’t in the past. As an example, the Head of the Hungarian Prime Minister’s Office said last Thursday that Germany’s Ursula von der Leven couldn’t have been nominated as European Commission President without the support of the Visegrád countries.
Posted by DanielS on Wednesday, 24 July 2019 07:06.
As Prime Minister, Boris Johnson Faces the Brexit He Championed
Boris Johnson is the new leader of the Conservative Party and is set to be Britain’s next prime minister. The former foreign secretary is a hard-line supporter of Brexit.
LONDON — Boris Johnson, Britain’s brash former foreign secretary and standard-bearer for leaving the European Union, on Tuesday won the contest to succeed Prime Minister Theresa May, with his party handing the job of resolving the country’s three-year Brexit nightmare to one of its most polarizing politicians.
Mr. Johnson beat Jeremy Hunt, his successor as foreign secretary, in the battle for the leadership of Britain’s governing Conservative Party, winning with a substantial 66 percent of the postal vote held among its membership. Although the Conservatives’ working majority in Parliament is very small, it appears to be enough to ensure that Mr. Johnson will succeed Mrs. May as prime minister on Wednesday.
He would take office at one of the most critical moments in Britain’s recent history, immediately facing the toughest challenge of his career, to manage his nation’s exit from the European Union in little more than three months. But his policy swerves, lack of attention to detail and contradictory statements leave the country guessing how things will unfold.
Even if we can survive the manichean devils (interpersonal and intergroup trickery of other peoples), our survival will ultimately depend upon our capacity to solve Augustinian devils (natural challenges and affliction) - e.g., the ability to track asteroids and devise a way to intervene with them when they would otherwise crash into the earth and cause mass extinction as in the case of the dinosaurs.
No, an Asteroid Won’t Hit Earth on Sept. 9 and Here’s Why
Astronomers ruled out the asteroid’s chance of impact with Earth after they were not able to spot it within the area of its predicted collision course, making it the first time an asteroid impact was ruled out based on “non-detection.”
The asteroid, named 2006 QV89, was discovered on Aug. 29, 2006 by the Catalina Sky Survey near Tucson, Arizona. It measures between 70 to 160 feet (20 to 50 meters) in diameter, or somewhere between the length of a bowling alley and the width of a football field. Observations suggested that it had a one-in-7,000 chance of impacting Earth on Sept. 9, 2019.
After its discovery in 20016, the asteroid was observed for 10 days before disappearing from the astronomers’ sight, according to a statement by the European Southern Observatory (ESO). As the date for the potential collision approached, astronomers could only predict the location of the asteroid with very low accuracy, which made it difficult to locate with a telescope.
In order to confirm whether or not the asteroid was still headed for collision with Earth, astronomers at the European Space Agency (ESA) and ESO took a different approach. Rather than trying to observe the asteroid itself, astronomers observed where it should have been if it were, in fact, heading toward Earth.
Using ESO’s Very Large Telescope (VLT), they captured deep images of the area where it would have been if it were on track to collide with our planet, ESO officials said in the statement. Following observations of the area on July 4-5, astronomers could not find the asteroid and therefore concluded that it would not be impacting Earth.
Even if the asteroid is smaller than initially believed, it would have been spotted by the telescope, ESO said in the statement. And if it were any smaller than that — too small for the telescope to detect — it would pose no threat to Earth, as it would burn up in the planet’s atmosphere.
I don’t even like throwing a bone to the Jewish ass-kisser Trump, or candidates from either party (Democrats either, of course) of America’s utterly baked-in and controlled liberal system - wherein “conservatives” only conserve liberalism. However, even if Trump was forced to address this issue to push back against (((Social Media Bias))) in favor of the Democrats in the coming election, and even if the examples of censorship are not those with platforms that I agree with (for example, a pro-life platform excluded from Twitter), the issue and the fact of censorship and “popularity” being manipulated, brought out into open awareness and discussion from underneath the gaslighting by (((social media))) is helpful.
As ethnonationalists, you may not like the examples of people and issues censored.
On the other hand, just as raising the issue of censorship itself provides some daylight for our concerns, so too the intersectionality that a David Horowitz experiences in his example of social media censorship provides some grounds for us to seize upon. Yes, Horowitz has concerns for intersectionality against (((his interests))) in mind, ultimately (no small matter, he’s not “one of us and on our side”); nevertheless, he’s the one who spilled significant beans on the who, what, how of Cultural Marxism/Political Correctness that allowed William Lind to articulate the matter so well for purposes of our ethnonationalist critique and increased freedom from its voodoo.
Trump hosts conservative social media personalities at White House
Fox News
President Trump’s White House summit aims to air our grievances over political bias on social media platforms. Invitees are mostly comprised of prominent, and sometimes controversial, online right-wing pundits. #FoxNewsLive #FoxNews
Posted by DanielS on Wednesday, 10 July 2019 13:19.
Ellen Brown is an attorney, chairman of the Public Banking Institute; author of twelve books including “Web of Debt” and “The Public Bank Solution.”
Posted on July 10, 2019 by Ellen Brown
How to Pay for It All: An Option the Candidates Missed
The Democratic Party has clearly swung to the progressive left, with candidates in the first round of presidential debates coming up with one program after another to help the poor, the disadvantaged and the struggling middle class. Proposals ranged from a Universal Basic Income to Medicare for All to a Green New Deal to student debt forgiveness and free college tuition. The problem, as Stuart Varney observed on FOX Business, was that no one had a viable way to pay for it all without raising taxes or taking from other programs, a hard sell to voters. If robbing Peter to pay Paul is the only alternative, the proposals will go the way of Trump’s trillion dollar infrastructure bill for lack of funding.
Fortunately there is another alternative, one that no one seems to be talking about – at least no one on the presidential candidates’ stage. In Japan, it is a hot topic; and in China, it is evidently taken for granted: the government can generate the money it needs simply by creating it on the books of its own banks. Leaders in China and Japan recognize that stimulating the economy is not a zero-sum game in which funds are just shuffled from one pot to another. To grow the economy and increase GDP, demand (money) must go up along with supply. New money needs to be added to the system; and that is what China and Japan have been doing, very successfully.
Before the 2008-09 global banking crisis, China’s GDP increased by an average of 10% per year for 30 years. The money supply increased right along with it, created on the books of its state-owned banks. Japan under Prime Minister Shinzo Abe has been following suit, with massive economic stimulus funded by correspondingly massive purchases of the government’s debt by its central bank, using money simply created with computer keystrokes.
All of this has occurred without driving up prices, the dire result predicted by US economists who subscribe to classical monetarist theory. In the 20 years from 1998 to 2018, China’s M2 money supply grew from just over 10 trillion yuan to 180 trillion yuan ($11.6T), an 18-fold increase. Yet it closed 2018 with a consumer inflation rate that was under 2%. Price stability has been maintained because China’s Gross Domestic Product has grown at nearly the same fast clip, by a factor of 13 over 20 years.
In Japan, the massive stimulus programs called “Abenomics” have been funded through its central bank. The Bank of Japan has now “monetized” nearly 50% of the government’s debt, turning it into new money by purchasing it with yen created on the bank’s books. If the US Fed did that, it would own $11 trillion in US government bonds, four times what it holds now. Yet Japan’s M2 money supply has not even doubled in 20 years, while the US money supply has grown by 300%; and Japan’s inflation rate remains stubbornly below the BOJ’s 2% target. Abe’s stimulus programs have not driven up prices. In fact deflation remains a greater concern than inflation in Japan, despite unprecedented debt monetization by its central bank.
China’s Economy: A Giant Ponzi Scheme or a New Economic Model?
Critics have long called China’s economy a Ponzi scheme, doomed to collapse in the end; and for 40 years China has continued to prove the critics wrong. According to a June 2019 report by the Congressional Research Service:
Since opening up to foreign trade and investment and implementing free-market reforms in 1979, China has been among the world’s fastest-growing economies, with real annual gross domestic product (GDP) growth averaging 9.5% through 2018, a pace described by the World Bank as “the fastest sustained expansion by a major economy in history.” Such growth has enabled China, on average, to double its GDP every eight years and helped raise an estimated 800 million people out of poverty. China has become the world’s largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.
Lewis “Lew” Rosenstiel. Jeffrey Epstein and Roy Cohn (Graphic | Emma Fiala)
Samuel Bronfman pictured in 1937 with his sons Edgar and Charles
Rosenstiel was connected to both the FBI and to organized crime
Lansky outside the High Court of Israel where he sought permission to emigrate in 1972. Photo | AP
Raab is the son of a Jewish Czech father who fled the Nazis
The area in the sky where astronomers would have spotted the asteroid 2006 QV89 if it was on a collision course with Earth, with the three crosses marking the specific locations. (Image: © ESO)
Ellen Brown is an attorney, chairman of the Public Banking Institute; author of twelve books including “Web of Debt” and “The Public Bank Solution.”