The Internal Revenue Service (IRS) relaxes rules on US corporations repatriating money held oversees in an attempt to inject liquidity into the US financial market.  The new ruling allows the companies to receive loans from their foreign subsidiaries for longer periods and more times a year without triggering the 35% corporate income tax.

       [added 5/31/2021]

       While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” the Bernanke Doctrine continues: The Federal Reserve Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks announces the establishment of the Commercial Paper Funding Facility.  The CPFF will allow the Fed to purchase debt obligations from commercial banks in exchange for newly created Federal Reserve Notes (Bills of Credit).  Previously the creation of money by exchanging one of paper for another (FRNs for Treasury Bills (Federal debt obligations) was mostly done with the U.s. treasury.

       NOTES:

• In its role as “the lender of last resort,” the privately owned Federal Reserve System of (central) Banks, three weeks previous had an outstanding balance of 20,000,000,000 “dollars” that it had lent to private institutions.  The day before the creation of the CPFF that total had increased over 18 fold, to 36/7,000,000,000 “dollars.”
• This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.

       [added 5/31/2021] Thanks to Jim Lorenz and Freedom’s Phoenix for this entry.

       Benjamin S. “Helicopter Ben” Bernanke, Chairman of the Federal Reserve Board of Governors (a Federal agency) which oversees the privately owned Federal Reserve System of (central) Banks, speaking to the National Association for Business Economics, in the District of Columbia, announces the FRSB’ intention to lend directly to non-financial companies—bypassing the commercial banking industry.  Bernanke promises to loan out 1,300,000,000,000 “dollars” in this unprecedented fashion.

       [added 5/31/2021] Thanks to Freedom’s Phoenix and Jim Lorenz for this entry.

       Teresa Ghilarducci, Professor of Economic Policy Analysis at the New School for Social Research, in testimony to the house committee on education and labor, suggests that CONgress seize all Individual Retirement Accounts, pensions, and company retirement plans (401(k)s, 403(b)s, et cetera) nation and manage them as “Guaranteed Retirement Accounts.”  To fund them Ghilarducci suggests a mandatory ten percent tax on all forms of income, over and above the 15.30% already being taken for Social Security.

       Question: Is this not how Social Security got started?

NOTE: This is the further realization of plank number five of the Communist Manifesto by Karl Marx.

       [added 5/31/2021] Thanks to Freedom’s Phoenix for this entry.

       Fallout from 9-1-1 (9/11/2001): Terrence B. Sheridan, State statute enforcement Superintendent of maryland, admits to the local media that his agency has entered the personal information of 53 peace activists from the Maryland Campaign to End the Death Penalty and the Baltimore Pledge of Resistance into the Washington-Baltimore High Intensity Drug Trafficking Area database, which tracks suspected terrorists.

       [added 5/31/2021] Thanks to Freedoms Phoenix for this entry.