Jan. 6 Defendant Sues Federal Government Over Alleged Abuses In Custody

Authored by Matthew Vadum via The Epoch Times,

A former Jan. 6 defendant who alleges he was repeatedly abused in custody is suing the federal government for almost $18 million.

Ryan Samsel of Bristol, Pennsylvania, was convicted in September 2024 of civil disorder-related offenses in connection with the civil disturbance at the U.S. Capitol on Jan. 6, 2021, and was incarcerated and awaiting sentencing when President Donald Trump pardoned him on Jan. 20 of this year.

The civil legal process in Samsel’s case was initiated when the Department of Justice (DOJ) was served with a notice under the Federal Tort Claims Act on Nov. 28, his attorney, Peter Haller, told The Epoch Times. A tort is a wrongful act or infringement of a right that gives rise to civil liability.

To sue under the Federal Tort Claims Act, a claimant has to file an administrative claim with a federal agency within two years after the injury takes place. The agency then has six months to settle or deny the claim. The plaintiff then has six months after the claim is denied or the agency fails to respond to the claim to file a civil lawsuit against the federal government in federal district court.

The document that begins the process, known as a Standard Form 95, states that Samsel is seeking $17,980,000 from the federal government for personal injuries suffered from January 2021 through January 2025.

Samsel, now 42, was found guilty of “assaulting Officer C.E. with a deadly or dangerous weapon and inflicting bodily injury,” during the civil unrest at the U.S. Capitol, the DOJ said last year.

The DOJ said Samsel was also convicted on felony charges of civil disorder, assaulting, resisting, or impeding officers, as well as assaulting, resisting, or impeding officers using a dangerous weapon.

Haller said his client disputes the criminal allegations and that the officer identified as C.E. suffered no injury, which he said was clear from a magnetic resonance imaging scan and other medical evaluations.

Samsel alleges he was subjected to physical abuse while in custody at facilities operated by the DOJ and the U.S. Bureau of Prisons in the District of Columbia, New York, and Virginia.

There were 62 “separate assaults and other torts committed against Mr. Samsel while in the custody of the United States, as well as cruel and unusual punishment,” Haller said in the legal filing.

“Given the severity, duration, and documented multiplicity of the abuses suffered by Mr. Samsel, he is likely to be recognized as the most tortured individual by the Federal Government in recent American history,” the attorney said.

The form states that during Samsel’s four-year federal detention, he suffered 62 torts that “reflect a continuous scheme to physically and mentally harm him throughout his imprisonment and continuously deny him necessary medical treatment for serious vascular issues that pre-existed prison as well as for most injuries sustained from attacks by corrections officers during prison.”

The form said Samsel was held in custody for almost seven months but was not indicted until Aug. 25, 2021, which was “in clear violation of due process.”

As a result of his incarceration, Samsel suffers from “permanent physical impairment stemming from multiple documented injuries sustained during his incarceration.” Among those injuries are a dislocated jaw, broken right orbital bone, broken nose, lacerations, contusions, and acute kidney damage, “all resulting from coordinated assaults by correctional staff and other inmates,” the form said.

He still suffers from partial loss of vision in his right eye, persistent pain, and swelling related to his injuries, and needs ongoing medical attention for eye and chest injuries, blood clots, and thoracic outlet syndrome, according to the form.

In addition, he suffers panic attacks and “other uncontrollable emotional consequences,” as well as physical deterioration, chronic pain, and high cholesterol that came about as a result of his prolonged confinement and inadequate nutrition while in custody, the form said.

In November 2021, Samsel was forced to sit in a restraint chair for about 17 hours, where he was on public display for local schoolchildren to see him through a window. While in the chair, he was left in his own waste and developed a blood clot, according to a table of torts attached to the form.

From January to August 2021, Samsel was placed in a segregated unit for Jan. 6 prisoners in which the lights were on at all times. He was denied exercise and showers. He suffered sleep deprivation for about seven months, the table said.

Haller said his client received three “major beatings” from corrections officers and in two different prisons he was housed in closet-sized rooms.

Haller said the abuse his client experienced was comparable to the experiences of prisoners at the Abu Ghraib prison near Baghdad, Iraq, more than two decades ago.

Reports of alleged widespread torture and abuse of prisoners held by U.S. forces at Abu Ghraib during the 2003 Iraq war first emerged more than 20 years ago, when leaked photos appeared to show detainees being forced into humiliating positions.

“The parallel of Ryan’s torture to that of Abu Ghraib is remarkable–17 hours in a restraint chair with students as witnesses, multiple beatings by officers, multiple multi-month stretches in solitary with lights on 24/7, a broom closet for a cell, housed in a high security floor of [Metropolitan Detention Center in Brooklyn, New York] with murderers who stabbed him, starvation, repeated humiliation,” Haller told The Epoch Times.

“These forms of severe mental and physical abuse, disorientation and humiliation were all applied against Ryan Samsel just as they were against the prisoners of Abu Ghraib; the only meaningful difference is that in Abu Ghraib, Arab and Middle Eastern terrorists generally suffered torture for a year or less—whereas Ryan Samsel was tortured for four years,” Haller said.

The Epoch Times reached out to the DOJ for comment. No reply was received by publication time.

Tyler Durden Wed, 12/03/2025 - 15:45

F-16 Fighter Jet Crashes In Southern California

Southern California's ABC7 reports that an F-16 fighter jet has crashed near Naval Air Weapons Station (NAWS) China Lake.

#BREAKINGNEWS: San Bernardino County firefighters responding to reports of crash possibly involving F-16 aircraft near China Lake https://t.co/Dh7bmvLASE

— ABC7 Eyewitness News (@ABC7) December 3, 2025

Breaking911 has posted what appear to be images of the aftermath of the jet crash.

Reports of an F-16C Fighting Falcon from the U.S. Air Force Thunderbirds crashed near Trona Airport, south of Death Valley, California. The pilot reportedly ejected safely, suffered minor injuries, and was taken to a Ridgecrest hospital. pic.twitter.com/Nl9xRjcC6G

— Breaking911 (@Breaking911) December 3, 2025

"F-16 Thunderbird 5 photographed with its last takeoff before it crashed in Trona, CA. Insane to see six of them take off from Nellis and only five returned. I'll try to post the images later of the Thunderbird's last takeoff. This is just a picture of the screen from my camera," photographer Kelvin Cheng wrote on X.

F16 Thunderbird 5 photographed with its last takeoff before it crashed in Trona, CA. Insane to see six of them take off from Nellis and only five returned. I’ll try to post the images later of the Thunderbird’s last takeoff. This is just a picture of the screen from my camera pic.twitter.com/rJaIfXpLHN

— Kelvin Cheng (@kelvinkccheng) December 3, 2025

Developing…

Tyler Durden Wed, 12/03/2025 - 15:11

9 In 10 College Students Think 'Words Can Be Violence'; Survey

Authored by Gabrielle Temaat via The College Fix,

Nine out of ten undergraduate students think that “words can be violence” at least “somewhat,” according to a new Foundation for Individual Rights and Expression survey. 

The poll also showed that ideological gaps between left-leaning and right-leaning students are widening.

When respondents were asked how much the statement “words can be violence” describes their thoughts, 47 percent answered with “completely” or “mostly.” Twenty-eight percent said it describes their thoughts “somewhat,” and 15 percent said “slightly.”

Additionally, around 59 percent of students said “silence is violence” describes their views at least “somewhat,” though only 28 percent said it describes their thoughts “completely” or “mostly.” 

“When people start thinking that words can be violence, violence becomes an acceptable response to words,” FIRE Chief Research Advisor Sean Stevens said in a news release following the poll. 

“Even after the murder of Charlie Kirk at a speaking event, college students think that someone’s words can be a threat. This is antithetical to a free and open society, where words are the best alternative to political violence,” Stevens said. 

The poll also showed that moderate and conservative students have grown less supportive of disruptive or violent tactics to stop campus speakers, while liberal students’ support for those tactics has stayed the same or risen slightly compared to the spring. 

At the same time, moderate and conservative students have become more open to allowing controversial speakers, while liberal students have maintained or increased their opposition to those speakers.

In particular, opposition among liberal students “increased considerably” to a speaker who previously said “The police are just as racist as the Ku Klux Klan” and “Children should be allowed to transition without parental consent,” according to the survey report. 

FIRE conducted the survey in collaboration with College Pulse to evaluate campus free speech after Charlie Kirk’s Sept. 10 assassination at Utah Valley University. The poll contained 21 questions and was given to 2,028 undergrads to gauge their comfort with a range of sensitive topics.

Half of the students surveyed said Kirk’s assassination has made them less willing to attend or host controversial events on campus, and about 20 percent reported feeling less comfortable even going to class.

A majority of students said the incident made no difference in their willingness to speak up on controversial political topics in class. However, 19 percent said they felt a “great deal” less comfortable 26 percent said they felt “slightly” less comfortable.

Tyler Durden Wed, 12/03/2025 - 15:05

Rep. Henry Cuellar Assures Democrats He's Still Loyal After Trump Pardons Him From Money Laundering, FARA Case

Earlier Wednesday, President Trump announced on Truth Social that he's pardoning Rep. Henry Cuellar (D-TX), who was charged along with his wife in May 2024 for allegedly partaking in two schemes involving bribery, unlawful foreign influence, and money laundering. 

Rep. Henry Cuellar (D-Texas) gives an interview in Laredo, Texas, on Oct. 9, 2019. Veronica Cardenas/Reuters

Specifically, they were charged with two counts of conspiracy to commit bribery of a federal official and to have a public official act as an agent of a foreign principal required to register under the Foreign Agents Registration Act (FARA); two counts of bribery of a federal official; two counts of conspiracy to commit honest services wire fraud; two counts of violating the ban on public officials acting as agents of a foreign principal required to register under FARA; one count of conspiracy to commit money laundering; and five counts of money laundering, the Epoch Times notes. 

They faced up to 20 years behind bars if convicted.

"For years, the Biden Administration weaponized the Justice System against their Political Opponents, and anyone who disagreed with them. One of the clearest examples of this was when Crooked Joe used the FBI and DOJ to “take out” a member of his own Party after Highly Respected Congressman Henry Cuellar bravely spoke out against Open Borders, and the Biden Border “Catastrophe.” Sleepy Joe went after the Congressman, and even the Congressman’s wonderful wife, Imelda, simply for speaking the TRUTH," Trump wrote. 

"Henry, I don’t know you, but you can sleep well tonight — Your nightmare is finally over!"

The Charges Between at least December 2014 and November 2021, Cuellar and his wife allegedly accepted approximately $600,000 in bribes from an oil and gas company wholly owned and controlled by the government of Azerbaijan, and a Mexico City-based bank, according to a statement from the Department of Justice.

The payments were allegedly laundered “through a series of front companies and middlemen into shell companies owned by Imelda Cuellar, who performed little to no legitimate work under the contracts,” the statement said.

“In exchange for the bribes paid by the Azerbaijani oil and gas company, Congressman Cuellar allegedly agreed to use his office to influence U.S. foreign policy in favor of Azerbaijan,” it said.

“In exchange for the bribes paid by the Mexican bank, Congressman Cuellar allegedly agreed to influence legislative activity and to advise and pressure high-ranking U.S. Executive Branch officials regarding measures beneficial to the bank.”

Cuellar Reassures Dems

Shortly after the pardon, Cuellar told a small group of reporters that it "came as a surprise," adding "I want to thank President Trump for this. … Now we clear the air. Nothing has changed, and we’re going to be ready to win re-election again."

Trump's announcement stoked concerns among Democrats that the 11-term veteran might finally switch to the GOP after years of hinting at it, or that he could simply retire - which would give Republicans a much better chance to flip his seat. 

"Nothing has changed — I’m a good old conservative Democrat," Cuellar said Wednesday. 

Tyler Durden Wed, 12/03/2025 - 14:45

"Get Rid Of It" - Trump Suggests He'll Soon Slash/End Income Tax

Authored by Steve Watson via Modernity.news,

President Trump signaled Tuesday that the federal income tax could soon be history. Speaking to reporters after a cabinet meeting, Trump laid out a vision of economic freedom powered by massive tariff revenues from foreign nations— putting America First instead of bleeding hardworking citizens dry to fund globalist giveaways.

With tariffs surging and billions pouring in from trade deals, Trump is paving the way for a tax revolution that could explode the economy overnight. The President’s declaration came during a press gaggle at the White House, where he emphasised the unprecedented revenue streaming into U.S. coffers thanks to his tough trade policies.

“I believe that at some point in the not-too distant future, you won’t even have income tax to pay,” Trump stated plainly. He elaborated, “Because the money we’re taking in is so great and it’s so enormous that you’re not going to have an income tax to pay. Whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now, but you won’t be paying income tax.”

BREAKING: President Trump just announced he expects the income tax to be ABOLISHED soon.

This would be the single greatest economic move in American history. Imagine taking home 100% of your paycheck?

The economy would explode overnight. ? pic.twitter.com/aJYqvkUNQy

— Ryan Fournier (@RyanAFournier) December 2, 2025

Trump’s push to axe the income tax isn’t new—it’s rooted in his America First agenda that flips the script on how the government funds itself. As he explained in his inaugural address, “Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens. For this purpose, we are establishing the External Revenue Service to collect all tariffs, duties, and revenues. It will be massive amounts of money pouring into our Treasury, coming from foreign sources.”

This echoes his campaign trail musings, where he told podcaster Joe Rogan that tariffs could fully replace income taxes. “Yeah, sure, why not?” Trump replied when asked if he was serious about ditching personal income taxes.

Now, with tariffs already raking in hundreds of billions—up 250% from last year—the numbers are backing him up. Income tax hauled in about $2.7 trillion in fiscal 2025, but Trump’s team projects tariffs and foreign investments could eclipse that, especially with pledges like Japan’s $650 billion, South Korea’s $350 billion, and the EU’s $950 billion pouring into U.S. plants and jobs.

Recent reports highlight how this fits into broader reforms, including the “One Big Beautiful Bill Act,” which promises huge tax refunds and real wage hikes in 2026. Treasury Secretary Scott Bessent boasted at the same meeting: “In 2026, we are going to see very substantial tax refunds in the First Quarter… We’re going to see real wage increases. I think next year is going to be a fantastic year.”

.@SecScottBessent: "In 2026, we are going to see very substantial tax refunds in the First Quarter… We're going to see real wage increases. I think next year is going to be a fantastic year." pic.twitter.com/3XTBD8wK7q

— Rapid Response 47 (@RapidResponse47) December 2, 2025

Of course, the usual suspects in the media and academia are already hyperventilating. Economists aligned with the old guard, like those from UCLA and NYU, whine that tariffs “can’t replace” income tax revenue, claiming it’d shift burdens or balloon the debt. Funny how they never complain when trillions get funneled to Ukraine or climate scams, but suggest letting Americans keep their money? Suddenly, it’s “fantasy.”

Trump himself dismissed the doubters by pointing to historical precedent: the U.S. thrived in the late 19th century with “all tariffs, no income tax.” His vision includes potentially eliminating the IRS altogether, a dream for anyone who’s suffered through their audits and overreach.

Fox Business notes this as Trump’s “most explicit endorsement” yet of scrapping income taxes, marking a potential overhaul unseen in over 100 years. And with a narrow House majority, the fight will be fierce—but Trump’s track record on trade wars shows he doesn’t back down from globalist bullies.

Trump expanded on the timeline in recent comments: “Over the next couple of years, I think we’ll substantially be cutting—and maybe cutting out completely—income tax. We could be almost completely cutting it because the money we’re taking in is going to be so large.” He tied it directly to protecting American industries: “We’re taking in, think of it, hundreds of billions. Next year, it’ll be a trillion dollars or more, but we’re taking in all this money while protecting our country. And we’re respected again.”

This isn’t about handouts; it’s about fairness. Why should blue-collar workers foot the bill for elite excesses when foreign nations can pay up through tariffs? As Trump put it, “They actually respect us. And they made the deals. I mean, they respect us, but they pay us.”

If he pulls this off, it’ll be a massive win for freedom, unleashing prosperity like never before. America First means keeping your paycheck—all of it!

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden Wed, 12/03/2025 - 14:25

Spending Slowdown Hits Apple App Store In Major Markets

Apple App Store spending cooled in November, dragged down by weakening demand across several of Apple's largest global markets, which together account for more than half of all App Store revenue.

Goldman analysts led by Michael Ng published a note Tuesday citing Sensor Tower data showing Apple App Store spending last month rose just 6% YoY, down from 9% in October and half the growth rate seen in July.

Sensor Tower data showed that Games, the App Store's largest category (44% of revenue), drove most of the slowdown, falling 2% YoY after growing 3% the previous month.

"Weakening consumer demand for products and services. Apple's products and services are typically sold to consumers, and any weakness in the macroeconomic environment could reduce demand for Apple products and services," Ng said.

There was no definitive explanation beyond the softer "macroeconomic environment" for the App Store slowdown.

By geography, four of Apple's top five markets - the US, Japan, the UK, and Canada - experienced a broad-based slowdown in App Store spending. This raises near-term downside risk and could weigh on App Store revenue.

However, despite slowing App Store spending growth rates, Ng still expects Apple's F1Q26 Services revenue to meet guidance (14% YoY) because other Service lines - including iCloud+, AppleCare+, Apple Music, Apple Pay, and broader subscriptions - continue to perform well.

Here are the key takeaways from the App Store spending slowdown:

• November 2025 App Store net revenue grew +6% YoY, decelerating from +9% in October. November marks the slowest month of 2025 and sits below the 2022–2024 average November growth rate of +10% YoY.

• By category, the slowdown was primarily driven by Games (-2% YoY vs. +3% YoY in October), which represent ~44% of total revenue. Among the next largest categories: Entertainment (15% of total) accelerated to +5% YoY (from +4%), while Photo & Video (8% of total) decelerated slightly to +16% YoY (from +17%).

• By geography, spending slowed across Apple's largest markets: the US (36% of total) cooled to +3% YoY (from +8%), Japan (10%) fell to -2% (from +4%), while China (20%) improved slightly to -1% (from -2%).

Notice that the App Store spending slowdown has persisted for much of the year.

Whoops.

Not good.

The question of why consumers are cutting back on gaming apps is a big one. It's happening across Apple's major markets, which could point to more financially pressured consumers, smartphone fatigue, or competitive app stores soaking up market share. Whatever the cause, the drop in demand signals Tim Cook will have to take corrective measures heading into 2026.

Tyler Durden Wed, 12/03/2025 - 13:45

Peter Schiff: Printing Money Is Not the Cure for Cononavirus



In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets. Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system. All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.” Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs. In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.” In the midst of all this, Peter raises a really good question. The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down. Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.” Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy. In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.” Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up. The economy is strong, print money. The economy is weak, print even more money.” Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies. Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.” Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.

We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are. We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession." Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated. The difference is this time it's not going to work." It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing! Dump the U.S. dollar while you still have a chance. Welcome to The Atlantis Report. And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday. That's $160.8 billion in two days!!!! in just 48 hours. That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month) Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month ! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first . The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before. Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option). Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008. The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down. everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk. With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom? If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either. Accounts settle overnight. This includes things like payrolls and bill pay settlements. If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on. First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out. But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly. This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change. Fiat currency is not just thievery. Fiat currency is SLAVERY. Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery. The bankers have a charter, or the legal *right*, to create money out of nothing. You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality. You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you. And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to. Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground. The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now. In conclusion, The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't. You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money. It would appear that trust is deteriorating as it did when Lehman blew up . Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.











The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more













The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

The FBI released a summary of its file from the Hillary Clinton email investigation on Friday, showing details of Clinton's explanation of her use of a private email server to handle classified communications. The release comes nearly two months after FBI Director James Comey announced that although Clinton's handling of classified information was "extremely careless," it did not rise to the level of a prosecutable offense. Attorney General Loretta Lynch announced the next day that she would not pursue charges in the matter. "We are making these materials available to the public in the interest of transparency and in response to numerous Freedom of Information Act (FOIA) requests," the FBI noted in a statement sent to reporters with links to the documents. The documents include notes from Clinton's July 2 interview with agents, as well as a "factual summary of the FBI's investigation into this matter," according to the FBI release. Throughout her interview with agents, Clinton repeatedly said she relied on the career professionals she worked with to handle classified information correctly. The agents asked about a series of specific emails, and in each case Clinton said she wasn't worried about the particular material being discussed on a nonclassified channel.