The 'Great Reset'

[greybeard]

Posted by viking (here)
Does anyone know the difference between The Great Reset and Nesara/Gesara...wondering...

Viking

Integrity, Common law, Quantum Financial System, Gold backed, and all that the Founding Fathers put into the Constitution, Equality for all..
Thats the principals of GESARA/NESARA

This thread is full of info on Great Reset -- you could start with Maritime Law.

Trump appears to have hinted at GESARA/NESARA

Still a "may be so" but there is evidence of QFS.

Chris

[ExomatrixTV]

Dark Journalist - Catherine Austin Fitts Stopping The Technocrat Takeover!

Source: https://youtube.com/watch?v=Zo3lG1o4df4

[ExomatrixTV]

Leftist leaders 'planned' to impose COVID measures to battle 'supposed climate crisis':

Source: https://youtube.com/watch?v=luOXRUaGfOA

Great Reset Looms, Economy Stagnates on Fears of a Beijing Biden Asterisk Presidency:

Source: https://youtube.com/watch?v=4kKAXY4LjhU

[ExomatrixTV]

THE GREAT RESET (IT'S OVER) 👁️ Ralph Smart

Source: https://youtube.com/watch?v=bKcomkXlfaQ

[Eva2]

A deja vu from March 2016 - Aaron Russo- N.Rockfeller:

Source: https://youtube.com/watch?v=6ZDCTP-K-TE

[ExomatrixTV]

NEW Global Pact Created: The Pope, Rothschilds, Rockefeller & Big Bankers—Their Agreement…Chilling!

Source: https://youtube.com/watch?v=Tyecb0wbFDI

The Great Reset will be the 'segue from the pandemic':

Source: https://youtube.com/watch?v=uanVLLkyAMk

[ExomatrixTV]

2020 "Great Reset": What Happened This Year While Covid19 Took Center Stage?

Source: https://youtube.com/watch?v=W_KC2oHcntQ

[kfm27917]

IS THE GLOBALIST "RESET" FAILING? THE ELITES MAY HAVE OVERPLAYED THEIR HAND
Tyler Durden's Photo
BY TYLER DURDEN
THURSDAY, DEC 10, 2020 - 20:55
Authored by Brandon Smith via Alt-Market.us,

One aspect of narcopaths (narcissistic sociopaths) that is important to remember is that they live in their own little world in which their desires and bizarre dysfunctions are normalized. They believe themselves superior to most people because they are predatory, and don’t suffer from annoying hang-ups like empathy and conscience. They generally tend to believe they have pulled the wool over everyone’s eyes the majority of the time. They think that you are a submissive idiot, and that when they bark an order, you will simply jump to attention because you “believe”.



Almost every aspect of the globalists and their behavior indicates they are a club or cult of narcopaths. Their obsessive need to control as well as to corrupt and destroy in order to get what they want is not an extension of mere greed, it is a deep-seated aspect of who they are as beings. It is a defining mechanism at the core of their character. They are real world monsters, like vampires attempting to blend into an unsuspecting population.

In their arrogance, then tend to expect they can drain the public dry at will without being resisted or exposed. The problem is, as soon as they start to feed and destroy they draw attention to themselves. Eventually, they will attract the suspicions of the public, along with some vampire hunters. Unless they find a way to hide a stake through the heart is inevitable.

I have been writing about the threats of globalism and the “reset” for many years now, and I have noted for some time two separate quandaries; one affecting the liberty movement and the other affecting the globalists:

1) First, criminals tend to brag about their crimes when they think that it’s too late for anyone to do anything about them. I predicted the globalists would be very open in revealing their agenda the moment they believed themselves “untouchable”. For the freedom loving public this suggests that in 2020 going into 2021 that the elites must think there is nothing that can be done to stop the machine; they are so blatant in their calls for the global “reset”, a cashless society, totalitarian lockdowns and a surveillance state that no one in their right mind can claim these notions are “conspiracy theory” anymore.

The fact is, the “conspiracy theorists” were RIGHT ALL ALONG, and now there is nothing anyone can say about it.

2) Second, I have also argued in the past that the globalist push for a “new world order” is a double edged sword that could very well end up annihilating them. As they attempt to initiate their reset agenda, they become more and more exposed; they can no longer lurk in the safety of the shadows and there is no going back once the process is started. Once the globalists become widely known, they must either swiftly take control through engineered chaos and collapse, or face retribution that could eliminate a cabal that took them centuries to build. Vampires must make the rest of the world a dark place before leaving the shadows, or they risk dying in the light of day.

There are two schools of thought in the liberty movement; one suggesting that the globalist agenda is fixed and unstoppable and that the best anyone can do is survive. The second suggests that the reset can be stopped and the globalists can be brought to justice. I stand in both camps.

There are aspects of the reset that are indeed fixed and that cannot be undone. For example, numerous national economies including the US are in the midst of a stagflationary collapse and there is nothing that can be done to reverse it. Perhaps a decade ago we could have changed course, but now it is too late. The pain can be reduced if people quickly end their dependency on the system and create localized trade networks of their own, but the economy as we know it right now is dead and it is not coming back anytime soon.

I do not see this, though, as a win for the elites. Crashing the economy is one thing, rebuilding it into the collectivist dystopia they desperately want is another. Everything depends on who rebuilds; maybe it will be them, maybe it will be us.

I am seeing some encouraging signs these days that the globalist reset is NOT a sure thing, and those that know my work know I have never been one for misplaced optimism. Specifically, the exploitation of the pandemic response as a means to ram through numerous draconian restrictions does not seem to be going exactly as the elites planned.

I have to look back at Event 201 to really gauge the state of the game, because what the elites planned and what has happened do not completely match up. For those not familiar, Event 201 was a type of “war game” held by globalists from the World Economic Forum and the Bill and Melinda Gates Foundation. The scenario? A pandemic outbreak of a coronavirus which would spread like wildfire and kill a predicted 65 million people. The simulation was held only a couple of months before the real thing happened at the start of 2020.

In the year since the outbreak, the globalists have attempted to enforce nearly every plan that was outlined during Event 201, including using social media to censor or restrict any news or information outside of the establishment approved narrative (Yes, narrative control was discussed at the event in great detail). Klaus Schwab of the World Economic Forum has consistently and excitedly applauded the pandemic crisis as a “perfect opportunity” to institute the “reset” that the globalists have been talking about for years.

Unfortunately for them, the virus has not been anywhere near as deadly as they appear to have hoped. With a death rate of well below 1% for anyone outside of a nursing home with preexisting conditions, the establishment has now been forced to pump up infection numbers as a means to terrorize the populace because the death numbers are not enough to convince people to willingly hand over their freedoms. The Infection Fatality Rate (IFR) for Covid 19 not counting nursing home deaths with preexisting conditions is only 0.26% of those infected.

There is a propaganda meme being passed around these days that tries to exaggerate the danger of death from Covid, and it goes a little something like this:

“Covid has killed more people that the Vietnam War and the Gulf Wars combined in a single year, therefore your freedoms are forfeit…”

This is an idiotic talking point but luckily no one is buying it.

Over 40% of Covid deaths are people that are already sick and on the verge of dying anyway (And no, refusing to wear masks is not the same as endorsing “death panels”, because a death panel is about socialists refusing treatment to people at risk because of their age. No one is suggesting that old people be refused treatment, and they always have the option of staying under quarantine if they fear they will become infected. They are already retired and receiving social security, perhaps if we are going to stimulate then the bailout money should go to those most at risk so that the rest of us can continue on with normal life?)

Hundreds of thousands of people die every year from diseases and illnesses including the flu, common colds and pneumonia, yet, the prospect of abandoning the Bill of Rights, submitting to economic shutdowns and wearing a muzzle on our faces wherever we go was never brought up before.

Why should we ask 99.7% of Americans or the world to accept medical tyranny just to make .26% of the population feel safe? People who question the mandates are called “selfish”, but even if I was one of the people susceptible to the virus, I would NEVER demand that 99% of the population bow to totalitarianism at the off chance that I might live a little while longer. Now THAT would be selfish.

As more and more studies and data are released, the mask mandates are also coming into question. Though Big Tech has sought to suppress or censor studies that run contrary to the mainstream narrative, this has only led more people to question the motivations of governments pushing the mandates. After all, the mainstream media keeps saying that we should “listen to the science”, but they ignore or censor the science. So, if the pandemic response is not based in science, then it must only be about control.

Many Americans are not as stupid as the elites think. They see the inconsistencies in the rhetoric and the data and they are increasingly prone to refuse to comply. This might be why the establishment is suddenly rushing out at least two Covid vaccines in the span of half a year; they have to get the vaccine phase of the Reset underway before too many people jump from the panic bandwagon.

The vaccine rush and the claims of effectiveness of 94% to 95% from Pfizer and Moderna are suspect. The average effectiveness of most vaccines is around 50% or less, and these are vaccines with hundreds of trials and years of usage. Somehow, Pfizer and Moderna were both able to produce a vaccine for a SARS type virus when multiple governments tried for over a decade to produce vaccines for SARS in China and were unsuccessful, and they were able to achieve 95% effectiveness?

Many people are not buying the vaccine story, and this is perhaps why the elites are jumping headlong into vaccination so fast. Consider this fact:

Numerous polls indicate that at least 1 in 3 Americans plan to refuse the Covid vaccine when it is released to the general public.

60% of Americans have stated in polls that they will not take the vaccine unless it is proven to be at least 75% effective.

Here I think we have our explanation for the vaccination bonanza. The elites know that a third of Americans (and probably Europeans) will not take the vaccine regardless of any propaganda they dish out. They also know that 60% of Americans are unlikely to take the vaccine unless they can show an effectiveness rate of at least 75%. Neither Moderna nor Pfizer have actually produced any evidence that their vaccines are capable of prevented severe illness or death from Covid, so, their effectiveness rate is based on “projections” of success according to their minimal trials. Meaning, the effectiveness rate of 95% is completely arbitrary.

Why did they go with such a high number instead of a more realistic 50% to 60%? Because the polls say they need an epic effectiveness rate in order to convince Americans to take the vaccine. I think it is really as simple as that.

Americans are skeptical of the vaccines for a number of reasons. The reality that they are minimally tested and rushed out in less than a year is one reason . The fact that the government and the media have been caught censoring or lying about Covid data is another reason. People just don’t trust the elites, and who can blame them? Who would trust a cabal of psychopaths to inject them with an unknown viral cocktail? Maybe their intentions are not so pure?

The public is right to be suspicious. A former Pfizer vice president, Dr. Michael Yeadon among other medical professionals have recently warned that the vaccines have not been adequately tested and that there is a risk of “indefinite infertility” for women who take the current Covid vaccine due to damaging autoimmune response. In other words, the vaccine could make many women barren and unable to have children.

Maybe this is what Bill Gates meant when he stated in his Ted Talk that “vaccines and reproductive services” could help contribute to a reduction of the Earth’s population of 10% to 15% as a means to “stop global warming.



Why would Bill Gates mention vaccines in the same breath as “reproductive services” in reference to population reduction? Aren’t vaccines supposed to help people live longer? Well, the Pfizer VP’s warning about the Covid vaccine is ringing bells for me. Maybe the Covid vaccine won’t make you sick, or kill you. Maybe you will live a long life free of coronavirus, but you’ll find out a few years after taking the vaccine that you won’t ever be able to have kids.

Watch the movie ‘Children Of Men’ to get a sense of what the future might be like if the globalists get their way.

In the meantime, the elites are trying with everything they have to convince the public that they must abandon notions of civil liberties in the name of survival and “the greater good”.

They are already talking about how things will never go back to normal, and the changes being made today will stay in place for many years to come.

Governments are in the media right now claiming the vaccines “will not be mandatory”. This is a lie. At the same time they are putting mandates in place to require you to prove you are vaccinated in order to go to public places and even to go to work. Basically, you take the vaccine or you die from poverty. This is not a choice.

But, I see millions of Americans standing in opposition to this agenda. I see sheriffs and police across the country refusing to enforce the agenda, even in hard-left states like California. I see protests in lockdown states like Michigan, California and New York. I see mass protests in Europe. I see the Reset scheme being exposed and the truth breaking into the mainstream.

I see something rising to the surface, and I smell that gunpowder scent of rebellion, and I like it.

I’m not pessimistic about the future. I know a crash is coming. I know a fight is coming. But right now what I see is a fight that can and will be won by those that respect the principles of freedom. The globalists may have overplayed their hand.

* * *

[Ron Mauer Sr]

To understand what is going on we need to know the roles being played by ETs and interdimensionals, both light and dark teams. For that we have our independent suspicions. I wish I had better communication with my inner being of pure positive energy.

[meat suit]

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

Source: https://youtube.com/watch?v=yCbua2lkd-Q

a great conversation the ongoing roll out of the reset with Fiona Marie Flanagan.

[ExomatrixTV]

• "The Great Reset"

Source: https://www.bitchute.com/video/M6lAJaxcLTkF

• source link: with comments

[ExomatrixTV]

John Kerry confirms “Biden ALL IN for The Orwellian 'Great' Reset “Yes It’s Happening - and We’re Speeding it up!” THURSDAY Night LIVE with DeAnna:

[ExomatrixTV]

Great Reset Transhumanism: Merging Man & Machine:

Source: https://youtube.com/watch?v=4cCR1_PseQE

n this episode of Behind The Deep State, host Alex Newman shows that the globalist Deep State operatives pushing the so-called "Great Reset" are now openly talking about merging human beings with technology. World Economic Forum boss Klaus Schwab has been openly touting this as part of the Fourth Industrial Revolution, which he said is crucial to the Great Reset. The United Nations and the International Monetary Fund are behind it too. Finally, the Deep State is openly planning to alter people's DNA using technology, as Bill Gates bragged in a video about vaccines.

[ExomatrixTV]

This was "predicted" by World Economic Forum Claus Schwab pushing Orwellian #Agenda2030 The Great (Dystopian) Reset!

US Hit By MAJOR Cyber Attack Going Back Maybe SIX MONTHS, Trump Was Right To Fire CISA Head

Source: https://youtube.com/watch?v=rTN-hqZVGVs

• The Next Major Crisis Will Be Ushered In For "The Great Reset"

“I believe that there will be another crisis. It will be more significant…and we need to start preparing for that right now. When we do see this next crisis, it will be faster than what we’ve seen with Covid. The exponential growth rate will climb – be much steeper. The impact will be greater. The social and economic implications will be even more significant.”
~Managing Director – World Economic Forum – Jeremy Jurgens

“We all know that we still pay insufficient attention to the frightening scenario of a comprehensive cyber attack, which would bring to a complete halt to the power supply, transportation, hospital services…our society as a whole. The Covid-19 crisis would be seen in this respect as a small disturbance in comparison. To use the Covid-19 crisis as a timely opportunity to reflect on the lessons of cyber security, community, and to improve our preparedness for a potential cyber pandemic.”
~Founder World Economic Forum – Klaus Schwab

Predictive Programming

The globalist power centers broadcast their moves ahead of time. It’s called “predictive programming”.

The more you dig into this, the more you discover that is indeed what they do. Most don’t hear about it, or consciously comprehend their messaging.

Many within the alternative media (actually the new media) are skilled at recognizing the big picture. Personally, I see it much clearer than I used to – thanks to self-educating via many sources.

I am posting this today due to a major concern that I have. I’ll get to that in a minute…

First, the quotes above were made known to me from readers here on the blog referencing a 14 minute podcast from “iceagefarmer”.

Listen To What They’re Saying

When globalist billionaires speak, you better listen to what they’re saying. In this case, not just the WEF. But the same thing goes for other powerful globalist groups and organizations. Listen for clues. They comprise and embody the globalist controllers of the world – and they’ve been trying for decades to permanently bring the USA under their total control (with the help of many enemies and agencies within).

The World Economic Forum (as one example) is a Geneva-based international organization that discusses issues concerning the global political economy. They have revealed what they intend to do. And it may be (very) soon.

This gut feeling is based on lots more than just the quotes above. I have absorbed many hours of input from a variety of sources which overlap several underlying probabilities for the globalists next moves.

The Great Reset

Elite globalists billionaires have been planning to bring about a “great reset” that would see permanent social and economic changes across the world.

Deep State globalists, Top leaders of Big Business, Big Globalism, and Big Government worldwide — including royalty and mass-murdering communist tyrants — are stepping in to offer their proposed “solution” to the crises they themselves unleashed:
A “Great Reset” to transform the world and everything in it, supposedly for the benefit of the masses, but really for the benefit of the ruling classes.

“The movers and shakers of the world have been meeting on a regular basis, especially since January 2020, to plan ‘The Great Reset’ at the Davos 2021 Summit in January.”

“The DAVOS Great Reset Will Mark the End of Nation-States, the Middle-Class and All Civil Liberties.”

Make no mistake, the Great Reset is no spur-of-the moment idea. The WEF website states,
“…anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable.”
The WEF sponsors have big plans:
”…the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism.”

For the New World Order to Happen America Must Be Destroyed

And herein lies my high concern. Trump and his 72 million followers (for the lack of a better term) are standing in the way. It has been well established that the Biden syndicate are agents of the Chicoms and the globalist cabal. Even worse, Harris is documented to be THE most hard left among the progressive/marxists walking the halls of congress. Perfect to finish us off, once in power.

OBVIOUSLY the globalists have desperately tried to rid us of the orange man. Why? Because they cannot control him like the others. Now here’s where I get nervous…
OBVIOUSLY this election was rigged (Dominion Voting Systems) to an incredible extent. The proof that is apparently about to be revealed will shock the world. The Dominion “rabbit hole” is very deep and very ugly. Apparently elections have potentially been electronically rigged for quite some time. I’ve heard that world famous attorneys are about to expose the biggest voting fraud in American History. Soon.

Now listen, if this is true — and I have no reason to believe that it is not true at this point – based on the credible interviews that I’ve listened to — it will be like setting off a nuke. Revealing the deep treason and the many participants.

The globalists WILL launch their own counter-strike. And I fear that it might include part or all of which they’ve already said would happen… A worse (much worse) pandemic than Covid-19. And a comprehensive cyber attack which (according to them) would take down the power grid (to varying extents?) (among other systems). Outright assassination would not be out of the question either.

There is NO WAY that this is going down peacefully during the next 4 to 8 weeks. “Stuff” is going to happen. They’ve already told us. And if these attorneys “have the goods” on our electronic voting system fraud — the Deep State and globalists are going to go “nuclear”.

• source

So how do people react to Bilderberg Steering Committee Member, Founder of World Economic Forum: Klaus Schwab (82) always part of The Davos Meetings dictating the "Global Reset" talking points almost all spineless puppet politicians repeat!

• Study all direct comments towards him personally here

cheers,
John

[ExomatrixTV]

Discussing Agenda 21 (Agenda2030) and The Fourth Industrial Revolution ("The Great Reset"):

Source: https://youtube.com/watch?v=hjEoBgSFyTo

The Great Reset Forward to Worldwide Communism:


Source: https://www.bitchute.com/video/9JJLbx1f7S3N

[ExomatrixTV]

‘You will own nothing, and you will be happy’: Warnings of ‘Orwellian’ Great Reset

Source: https://youtube.com/watch?v=NcAO4-o_4Ug

A terrifying coalition of big business and big tech are so confident and brazen they are promising the public “you will own nothing, and you will be happy” in an advertising campaign for a global reset, according to Sky News host Rowan Dean. “What they should have added is ‘we the very rich will own everything and be even happier’," he said. The Great Reset is a proposal set out by the World Economic Forum for a new globalised fiscal system which would allow the world to effectively tackle the so-called climate crisis. Mr Dean said the plan intends to use the “tools of oppression” implemented during the pandemic, such as lockdowns and forced business closures as well as other measures destroying private property rights, to combat the coronavirus to achieve climate outcomes. “I've spoken before about the insidious phrase Build Back Better which sounds like common sense but is in fact just one of several slogans for the Great reset, another being the Orwellian phrase the fourth industrial revolution”. “This is as serious and as dangerous a threat to our prosperity and freedom as we have faced in decades." Mr Dean warned viewers to think again if they believed this was just “crazy old Rowan with his conspiracy theories”. “This garbage is already deeply embedded into our state and federal governments.”

Dark Truths Behind Great Reset "Transhumanism" Exposed:

Source: https://youtube.com/watch?v=NIGQVybOWTo

In this interview with Alex Newman for Behind The Deep State, Science and Technology Professor Miklos Lukacs de Pereny explains the facts behind the "transhumanism" craze being promoted by global elites. From ideas on "eternal life" and cognitive enhancement to genetic modification of human beings, these technologies and trends come with enormous moral and ethical concerns. In short, humanity must spend more time thinking about this, because the future is now.

[ExomatrixTV]

Great Reset Will Require Trust in Invasive Mass Surveillance Tech: WEF Promotes Health Passports & Contact Tracing:

In order to bring about the great reset, it will require trust in the technology, and to be more specific, the WEF would like to have greater trust in “crisis-relevant tech,” which includes developing digital health passports and contact tracing, under a new form of internet governance.

“The use of digital technology during the COVID-19 crisis offers clear lessons […] Target mistrust broadly to enable specific crisis-relevant tech” — Daniel Dobrygowski, WEF

“The Great Reset will require new institutions and business models, and new digital technologies to build them,” wrote the WEF Head of Corporate Governance and Trust, Daniel Dobrygowski, in a blog post. “The necessary collaboration, however, is only possible if we solve the digital trust problem,” he added.

According to the Dobrygowski, “The use of digital technology during the COVID-19 crisis offers clear lessons,” one of those being, “Target mistrust broadly to enable specific crisis-relevant tech.”

The WEF openly supports the development of so-called “crisis-relevant tech” as evidenced by its backing the development of health passports, which act as digital records of your health status to determine whether or not you are free to travel or even go outside.

Earlier this year the WEF announced it was supporting the development and launch of CommonPass — a platform whose mission is “to develop and launch a standard global model to enable people to securely document and present their COVID-19 status (either as test results or an eventual vaccination status) to facilitate international travel and border crossing while keeping their health information private.”

“Contact tracing apps can be powerful weapons against the virus – but they can also be tools for state surveillance” — WEF report

The WEF also lent its support to another health passport initiative called CovidPass, which was built by one of the WEF’s own “Young Global Leaders,” Mustapha Mokass, who used to be an advisor at the World Bank.

CovidPass “uses blockchain technology to store encrypted data from individual blood tests, allowing users to prove that they have tested negative for COVID-19.”

In supporting both CommonPass and CovidPass, the Davos elite have made it clear they want “crisis-relevant tech” like health passports to be part of the great reset solution.

Ask yourself, would the idea of being forced to electronically prove your current health status in order to travel or even leave your own home have been acceptable 10 months ago?

Why is this happening now?

The die was cast years ago, but only now do the Davos elite see a shrinking, yet golden opportunity, to create a new world order out of the coronavirus chaos.


COVID Presents a ‘Shrinking, Golden Opportunity’, Great Reset Is Not a Response to the Coronavirus

In June Prince Charles praised the great reset agenda for its potential to “make people more receptive to big visions of change” after having suffered through “unprecedented schockwaves.”

“We have a golden opportunity to seize something good from this crisis — its unprecedented shockwaves may well make people more receptive to big visions of change,” the prince told the WEF.

Would the idea of being forced to electronically prove your current health status in order to travel or even leave your own home have been acceptable 10 months ago?

Prince Charles may have let on more than he cared to share, or thought you would notice. Again, he’s telling you that the great reset was always the plan. COVID-19 is the excuse.

In other words, the coronavirus crisis presents a golden opportunity for the global establishment to further its agenda upon a frightful and angry population that has been so beaten down by the pandemic and subsequent lockdowns that they will have become more susceptible to giving over their freedoms to the idea of greater centralized power and control.

• source

Freedom versus Schwabism:

• Any chance yet to set us free from the Great Reset?

Dark Journalist United States vs The Deep State:

Source: https://youtube.com/watch?v=7V3GraVJuJo

• go to 45 min marker in to above video!

[Deborah (ahamkara)]

Source: https://youtube.com/watch?v=oe3y-OdNSsw

Christian, from Ice Age Farmer, just posted an interesting video about two recent hacks and how they set the stage for the next piece of the Great Reset- The Cyberpandemic. (Hopefully, I included the link - if not, search “Ice Age Farmer”

While the US is busy focusing on Covid and the election, the Solar Winds “Trojan Horse” software update made many systems vulnerable- including banking, military and intelligence agencies. A takedown of the internet could therefore be the result of, or blamed on, a cyberattack. The result destabilizes an already reeling global system.

[ExomatrixTV]

• What Is the Great Reset? Part I: Reduced Expectations and Bio-Techno-Feudalism

[onawah]

Big Corporations Grabbed Lion’s Share of Paycheck Protection Plan
12/16/20
By Caitlin Macneal and Neil Gordon
https://childrenshealthdefense.org/d...a-842dc57a8e61


"New data, released only after news organizations sued the Small Business Administration, reveal that more than half of the $522 billion in loans intended to keep small and mid-sized companies afloat went to big companies making up just 5% of all recipients.More than half of the $522 billion loaned through the Paycheck Protection Program (PPP), which was aimed at small- and midsized companies, went to bigger businesses making up just 5% of the recipients. And more than a quarter of the money went to a mere 1% of loan recipients.

We finally know this thanks to a successful lawsuit brought by several news organizations demanding that the Small Business Administration release more information on the program’s loans, which companies were supposed to use to keep employees on payroll and pay rent. Until last week, we did not know the exact loan amounts each company received or the identities of the companies that received loans of less than $150,000, even though we should have seen this data months ago.

The new data confirmed what we’d long feared: One of the government’s main efforts to keep Americans afloat during the pandemic-induced economic downturn favored larger, wealthier companies over smaller businesses with fewer avenues for relief. The preliminary data hinted at this picture, but it wasn’t until now that a full analysis was possible.

The bigger the applicant, the faster the relief

This new information about the PPP exposed some startling details on the extent to which big businesses took advantage of the program, which was intended to help small and disadvantaged businesses that otherwise didn’t have ready access to capital.

About 600 companies — including several powerful law firms and dozens of national restaurant chains — received the maximum loan amount of $10 million, according to the New York Times. And NBC News found that more than 300 companies managed to exceed the $10 million max through subsidiaries, even though only franchises and certain companies in the food and hospitality sectors were allowed to exceed the cap.

Not only did big companies swoop in and obtain larger loans, they got their money faster.

In October, the House Select Subcommittee on the Coronavirus Crisis found that “many big banks failed to prioritize small businesses in underserved markets, including minority and women-owned businesses” in part because the Treasury Department “privately told lenders to ‘go to their existing customer base’ when issuing PPP loans.” The subcommittee also found that several lenders, including JPMorgan and PNC Bank, processed larger loans for their wealthier customers much faster than lower-value loans for smaller businesses.

With the newly available data, the Center for Public Integrity found that three-quarters of the loans over $1 million were issued in the first two weeks of the program, while nearly three-quarters of the loans under $50,000 weren’t issued for several weeks or months. Clearly, big companies were allowed to jump to the front of the pandemic relief line, while smaller, and needier companies had to wait.

Loans for cronies, crooks and campaign contributors

Unsurprisingly, the new data has revealed particularly outrageous examples.

NBC News discovered that tenants at properties owned by the Trump Organization and Kushner Companies received more than $3.65 million in PPP loans, which they may have used to pay rent. What’s more, 15 of those recipients reported that they’d planned to save one job, no jobs, or didn’t report a number at all.

The Trump Organization was specifically barred from receiving pandemic relief funds, yet still ultimately appears to have benefited. It’s just another stark reminder of what can happen when a president refuses to fully divest from their business holdings upon taking office.

Local media outlets are also making some disturbing findings. The Atlanta Journal-Constitution found that a local company accused by several states of illegally selling health insurance received a loan worth nearly $6.1 million, and that another Georgia business received a loan of nearly $150,000 just two years after settling with the state for allegedly violating debt collection laws.

The Journal-Constitution was also able to pinpoint the exact amount of several loans that went to companies linked to local politicians or allies of President Donald Trump.

This brings to mind two concerns of the Project On Government Oversight (POGO) and other government watchdogs: Did some lawmakers improperly benefit from the program they helped create? Did some loans involve a political quid pro quo?

POGO recently reported that a number of loan recipients made significant political contributions after obtaining loans. With the help of the Anti-Corruption Data Collective, we found that at least 113 loan recipients or owners of those companies made federal campaign donations totaling $11.7 million after obtaining the loans. Aside from the appearance of possible corruption, these donations raise another fundamental question: Did these companies really need the relief if they could afford to make such generous contributions?

How many jobs did the program save, and at what cost?

We’re still missing crucial data on what exactly companies used their PPP loans for. While Congress directed the government to collect information from loan recipients on how they spent the money, the Office of Management and Budget told federal agencies they didn’t need to do that. So it’s hard to say just how effective the program was, even with new data on the smaller loans.

The Denver Post did an interesting analysis based on the number of jobs companies claimed on their PPP applications they would save. The Post found small borrowers in Colorado would provide taxpayers much more bang for the buck in terms of job preservation.

Recipients of loans valued at more than $150,000 reported they would save one job for each $12,364 borrowed, while recipients of smaller loans said they would save one job for each $8,220 borrowed. When it came to borrowers that took more than $1 million in loans, each job they saved in Colorado cost taxpayers $14,039, while borrowers that took loans of $10,000 or less saved each job at a cost of just $4,422.

Of course, some of the bigger borrowers may pay their employees more, and some could have actually saved more jobs than they originally projected. But the point is that we just don’t know. We don’t know how many jobs the program saved and which loans were the most cost-effective — all because the government largely neglected to collect this crucial data.

Looking ahead

It’s now clearer than ever that the government botched the Paycheck Protection Program. If Congress authorizes a second round of the program, the government must do a better job of prioritizing small and women- and minority-owned companies and companies that otherwise may not have a way to make it through the pandemic.

In the meantime, the government should refrain from forgiving these loans automatically. We must know whether recipients really needed the loans and used the money to help workers. The government must fix the data errors and omissions. It must start collecting data from loan recipients on how they used the money. Only then will we fully understand whether this program was effective, and this knowledge will help government plan for future disasters."

Originally published by Project On Government Oversight.https://www.pogo.org/analysis/2020/1...about-the-ppp/