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Home Daily Digests Massie’s Bill Takes Aim at Federal Reserve in Inflation Battle

Massie’s Bill Takes Aim at Federal Reserve in Inflation Battle

Rep. Massie proposes abolishing the Federal Reserve, global arms race intensifies, Sen. Paul accuses health officials of misconduct, and a major cybersecurity breach targets courtroom software, highlighting multifaceted global and domestic challenges.

The User's Profile Ivor May 25, 2024
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In a bold legislative move, Representative Thomas Massie (R-KY) has introduced the Federal Reserve Board Abolition Act, aiming to dismantle the Federal Reserve System established in 1913. Massie attributes the current inflation woes to the Federal Reserve’s policies during the COVID-19 pandemic, accusing it of enabling deficit spending through the creation of trillions of dollars. This act, supported by a cohort of Republican cosponsors, seeks to address inflation by eliminating the Federal Reserve, marking a significant push against the central banking system that has been a fixture of American financial policy for over a century.

Meanwhile, the global arms race appears to be accelerating, with several countries unveiling new military technologies and finalizing arms deals. China and Iraq have solidified multiple agreements, including the sale of the CH-5 combat drone, while India has successfully tested its Indigenous Technology Cruise Missile. North Korea has introduced a new hypersonic missile, and Pakistan has showcased its latest road mobile missile launchers. These developments underscore a growing trend of military modernization and expansion across the globe, reflecting heightened tensions and the strategic importance of advanced weaponry in international relations.

On the domestic front, GOP Senator Rand Paul has levied serious accusations against health officials, including Dr. Anthony Fauci, regarding their handling of information during the COVID-19 pandemic. Newly released emails suggest a concerted effort to suppress dissenting opinions and potentially engage in federal records violations. Paul’s call for a prosecutor to investigate these allegations highlights the ongoing controversy surrounding the pandemic’s management and the actions of public health officials.

Adding to concerns about cybersecurity, a supply-chain attack targeting the JAVS Viewer 8 software, used in over 10,000 courtrooms worldwide, has been uncovered. The compromised software contained a backdoor allowing unauthorized access to infected devices, emphasizing the vulnerabilities in digital infrastructure and the importance of rigorous security measures to protect sensitive information.

Sources

Rep. Massie Introduces Federal Reserve Board Abolition Act to “End the Fed”

Americans are suffering under crippling inflation, and the Federal Reserve is to blame,” said Rep. Massie. “During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today.

Source | Submitted by 0007

China-Iraq Arms Deals: New Developments in Asian Arms Race

The current pace of missile development in Iran, especially since the JCPOA got trashed several years ago, defies belief.

Source | Submitted by 0007

Rand Paul: Fauci And NIH Emails “Sound Like The Mob Talking”

I mean, it really sounds like a mob hit. It sounds like the mob talking.

Source | Submitted by AaronMcKeon

New Emails Expose Fauci and NIH’s Coverup Efforts in COVID-19 Origins

“This should go away if Rand Paul Doesn’t amplify it too much, so fingers cross [sic] on that.”

Source | Submitted by AaronMcKeon

Crooks Plant Backdoor in Software Used by Courtrooms Around the World

“Users who have version 8.3.7 of the JAVS Viewer executable installed are at high risk and should take immediate action,” Rapid7 researchers Ipek Solak, Thomas Elkins, Evan McCann, Matthew Smith, Jake McMahon, Tyler McGraw, Ryan Emmons, Stephen Fewer, and John Fenninger wrote. “This version contains a backdoored installer that allows attackers to gain full control of affected systems.”

Source | Submitted by Shplad

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