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Trump’s Re-election? Did the Federal Reserve Already “Decide the 2020 US Election”?

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As of beginning July 2019 prospects look positive for a re-election ofDonald Trump as President in November 2020. Headline stock market and GDP figures all look positive…at the present. The huge unanswered question is whether that can be sustained until the fateful elections. We see signs already that spell potential trouble for the Republicans.

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A major problem for the Trump prospects to win a second term in November 2020 is the fact that since 1913 no American President, nor the Congress, control the decisions of the central bank, the legendary Federal Reserve or Fed. What few are aware of is the fact that the Fed is not a government agency. This is despite the fact the President nominates persons to serve as directors. The reality is that the Fed is privately owned largely by the international banks and financial groups that control global money flows. They determine in complex ways the control of US money creation, the heart of the economy.

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In December 1913 a cabal of Wall Street Republican international bankers led by J.P. Morgan, John D Rockefeller, Paul Warburg and cronies pulled off the fateful coup d’etat that saw “Democrat” Woodrow Wilson sign away the money power of the government to the bankers. Since then, the Fed has determined the course of the nation’s economy independent of the interests of the national economy or the citizens.

The President of the New York Fed, Benjamin Strong, as head of the most powerful of the 12 reserve banks, literally determined the fate of the US and Europe until his death in 1928. His interest rate policies were directly responsible for creating the 1920s stock market bubble and the October 1929 Wall Street Great Crash. That in turn led to the 1931 global banking crisis and the Great Depression. It was the Fed under Allan Greenspan that was responsible for the creation of the securitization USA housing bubble and also for its deliberate destruction into the “Great Recession” of 2007-2008, a key factor in the 2008 Obama win. This Fed is the real power over economic good times or bad.

It can be demonstrated that every recession or boom, every so-called business cycle since 1914 has been determined by the Fed. When Donald Trump became President he selected several directors of the Fed Board of Governors, including Chairman Jerome Powell beginning February 2018, apparently believing Powell would continue an easy money regimen.

When Powell and the Fed continued the Janet Yellen interest rate increases and withdrawal from Quantitative Easing by selling off the assets it bought after the 2008 financial crisis, the effects were initially overshadowed by the Trump tax law and other factors that spurred both the stock market, the dollar and the economy. By late 2018, however, it began to become clear that the Fed was on course to create a collapse of the post-2008 asset bubble in stocks and real estate, prompting unprecedented criticism from Donald Trump of Jerome Powell, his choice for Fed chairman.

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By December 2018, almost a year into Powell’s term, financial markets appeared in freefall, the stock markets down by 30% in six weeks, junk bond markets freezing and oil prices down by 40%. At that point on the urging of a group of influential business people, Trump began to attack Powell for trying to create a new recession.

By March 2019 Powell announced the Fed would likely not raise Fed Funds rates as had been planned further in 2019, holding it at 2.375%, suspending plans to do three or four added rate hikes in 2019. Markets were euphoric.

But by then Fed prior actions had set into motion deep shifts in the economy which are now becoming undeniable. Monetary actions tend to have a lag effect of six to nine months in the real economy. The aggressive Fed tightening through the end of 2018 is just beginning to show damage in the real economy. This is beginning to concern the White House. Here are some preliminary indicators that all is not peachy.

Trucking and Agriculture

According to the Bank of America’s Trucking Diffusion Index for the week of June 21, the national truck freight outlook hit the lowest level since October, 2016, just before the US elections. More alarming, the indicator is down 29% year-on-year, the largest decline since the index started. The current US outlook for freight demand is at a five-year low. Reports are that the construction sector is struggling due to weather issues in key markets.

What this suggests is that the volume of goods being shipped by truck through the US economy is showing a not healthy trend. How long this goes on is at this point not clear. It is an indicator of real problems.

If we add to this the developing crisis in US agriculture, the picture becomes darker not only for trucking but for the overall economy. Record rainfall across the Midwest farmbelt has so far had a devastating impact on crop prospects well into the key summer growing season.

The US Department of Agriculture cut its estimate of the corn harvest, a rare event, in June. Farmers say the government is downplaying the crisis. In addition lack of Congressional action on the Mexico and Canada trade agreements and the Chinese restrictions on US soybean exports are combining to create one of the worst US farm crises in recent years. The US Farm Bureau Federation, a major lobby, has stated that a third emergency farmer bailout would be necessary if export markets for US farm products are not soon reopened. The Farm Bureau states that the combination of disruption of key export markets together with low spot prices, high inventory levels, a slowing economic outlook, and damaging weather across the Midwest, “could culminate into a full-blown farm crisis on par to the 1980s.”

These are not the only signs of storm clouds in the US economy. Sales of existing homes have declined on a Year-on-Year basis for 15 straight months. Rising interest rates are a major deterrent for home buying. Further, the monthly Philadelphia fed survey of Business Outlook expectations, which monitors expected company new orders, sales, employment and other indicators of business activity, registered a sharp drop from 16.6 in May to only 0.3 in June.

This all does not yet indicate a full recession in the overall economy. However it shows how vulnerable the fragile recovery from the 2008 debacle still is. In this situation the Powell Fed is not at all playing a constructive role.

Powell proclaims Fed Independence

On June 25, Fed Chairman Powell gave a speech to the New York Council on Foreign Relations, the original think-tank of the Wall Street bankers created in the wake of World War I parallel to the British Chatham House. In his remarks Powell stressed the Fed’s independence from political pressures: “The Fed is insulated from short-term political pressures — what is often referred to as our ‘independence,” Powell said. “Congress chose to insulate the Fed this way because it had seen the damage that often arises when policy bends to short-term political interests. Central banks in major democracies around the world have similar independence.” It was a declaration of independence from Trump.

The reality, as Donald Trump noted repeatedly in public speeches in March and April, despite the Fed statement about interest rate pause in March, the Fed has not stopped tightening. It is via the little-noticed policy called Quantitative Tightening, the moves by the Fed to tighten money liquidity in the banking system and economy by forcing major banks to buy back some of the almost $4 trillion in corporate bonds and other assets the Fed bought to bail out the major banks and financial giants after the September 2008 Lehman Bros. crisis.

In early 2018 as it was simultaneously raising Fed Funds interest rates, the Fed delivered a double-whammy effect on market interest rates by “selling” some $50 billion a month of its assets from the unprecedented Quantitative Easing (QE) experiment of 2008. QE was a de facto policy of Fed money printing by buying select bonds and other securities, including mortgages, from primary security dealer banks, giving them huge liquidity in return. QT is the attempt to put the QE liquidity Genie back in the bottle by reversing the process, a highly dangerous experiment, one by no means urgent.

As the impact of Fed QT actions began to cause alarm, in February 2019 the Fed agreed to reduce the tightening, but only from $50 to $40 billion a month until now. That comes to almost half-a-trillion dollars less liquidity in the economy annually, not small. If a recession now unfolds over the next 16 months until the November, 2020 elections, it will once again by the “gods of money” at the Fed and their banker backers who caused it. If Trump then loses the 2020 re-election it will owe more to the Fed than to his bizarre Democrat opponents.


 

This article was written by F. William Engdahl, originally posted by the Center For Research on Globalization, posted here with permission. Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook” where this article was originally published. He is a frequent contributor to Global Research.

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Ontario’s Municipal Police Departments Reject Doug Ford’s “Stop & Ask” COVID Order

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CE Staff Writer 3 minute read

In Brief

  • The Facts:

    According to an investigative report, the vast majority of Ontario police will not follow Doug Ford's COVID measure asking police to stop citizens in their cars to find out where they are going during the current stay at home order.

  • Reflect On:

    Might we see law enforcement stand up to other draconian orders the government attempts to lay down?

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On April 16th Ontario premier Doug Ford announced stricter lockdown measures, including that Ontario police, both provincial and municipal, will have the power to stop citizens and ask them where they are going in order to find out if their travel outside their home is essential or whether they may be attending a social gathering. If this sounds draconian to you, you’re certainly no alone. And the police seem to think so too.

As of the evening of April 17th, just one day later, 39 or 44 municipal police departments in Ontario have stated they will not comply with this measure and stop citizens to ask where they are going. However, the Ontario Provincial Police (OPP) have remained onboard with the measures on social media. The tally came from investigative reporter Andrew Lawton who took it upon himself to hear from departments themselves.

Since the rejection, the Ontario government has begun changing it’s mind on the measure:

Why It Matters: This is a great example of how power is only enforced when people participate. In this case, if law enforcement went through with this, ‘the people’ wouldn’t have much of an obvious way to resist these measures, but when law enforcement denies draconian measures like this, the power the government has is restricted significantly.

Early this morning I was speaking to a fellow journalist here at CE talking about how for most people working on the police force, this measure would probably feel like one of the first times they very obviously had to ‘take things too far.’ To see only 12 hours later that the vast majority of police are standing up to this is a good sign that enforcers of rules are open to questioning their government. In my opinion, I hope this trend continues.

I also found it interesting to note that holding government accountable used to be something mainstream media would do, but now they only seem complicit in going along with government. Independent media now is tasked with the job, all while they face funding challenges and claims from mainstream and social media that independent media is not trustworthy.

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Ontario (Canada) Gives Police Authority To Pull Over Vehicles To Find Out Where They Are Going

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CE Staff Writer 6 minute read

In Brief

  • The Facts:

    The Ontario government has just announced very strict lockdown and stay at home orders. They've also given police the power to pull people over to find out where they are going and where they live.

  • Reflect On:

    Is this really about the virus? Why are so many experts, and so much science that opposes what government is saying completely unacknowledged?

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As authoritarianism spreads, as emergency laws proliferate, as we sacrifice our rights, we also sacrifice our capability to arrest the slide into a less liberal and less free world. Do you truly believe that when the first wave, this second wave, the 16th wave of the coronavirus is a long-forgotten memory, that these capabilities will not be kept? That these datasets will not be kept? No matter how it is being used, what’ is being built is the architecture of oppression. -Edward Snowden (source)

Ontario, Canada has just announced stronger lockdown measures after current lockdown measures and stay at home orders have not done anything to slow the spread of covid when taking cases into account. Under the new orders, most non-essential businesses, manufacturing and construction will be closed, this includes non-essential curb side pick ups as well for retail businesses. Outdoor recreational facilities like parks, basketball courts, tennis courts and golf courses will now be closed and essential businesses, like grocery stores, will be limited to a certain capacity.

For the first time, the Ontario government has given police officers the power to pull vehicles over without cause, demand their ID and home address as well as ask where they are going and why. This also applies to citizens who are outside. This is effective immediately for a period of 6 weeks.

I just came across this via the live press conference. Part of the changes in the recent announcement were to give police more authority to handle non-compliance, something that’s been a big part of this pandemic as many people, doctors and scientists continue to disagree with the actions being taken by governments, while others agree. The government has also put restrictions on travel between provinces.

We have made the deliberate decision to temporarily enhance police officers’ authority for the duration of the stay at home order. Moving forward, police will have the authority to require any individual who is not in a place of residence to first provide the purpose for not being at home and provide their home address. – Solicitor General Sylvia Jones said in the press conference.

The Ontario government continues to blame the citizenry for non-compliance when, in reality, there is a tremendous amount of science and data that’s been published in various medical and scientific journals from around the world showing that lockdowns have not been helpful in stopping the spread of COVID.

Furthermore, there is research showing lockdowns have killed more people than covid, and will have devastating results for years to come. Not only that, an estimate from the United Nations World Food Program indicates that pandemic lockdowns causing breaks in the food chain are expected to push 135 million people into severe hunger and starvation.

The ease to which people could be terrorised into surrendering basic freedoms which are fundamental to our existence…came as a shock to me…History will look back on measures – as a monument of collective hysteria & government folly.” – Jonathan Sumption, former British supreme court justice. (source)

This is quite confusing, if lockdowns and restrictions aren’t necessarily helping to curb the spread, why is government, especially the Ontario government, acting like they are effective and necessary tools? This is a discussion that has not been had within the mainstream. Renowned experts in the field who are presenting this data have been completely ignored, censored and in many cases ridiculed.

Another point that’s being used to justify restriction measures is the fact that hospitals in Ontario are at capacity, and ICUs are full. This has always been a concern in many countries, especially in Ontario, Canada. For example, in 2017 more than 50 percent of hospitals in Ontario were above 100 percent capacity. There are examples all over the world for the past decade. That being said, is covid adding to this, or is it simply something we’ve always seen in hospitals? Is the only difference big media coverage?

What about the fact that PCR testing may yield an enormous amount of false positives? Testing positive does not mean you have the virus, or that you can spread it, especially if you are asymptomatic, yet this entire lockdown is based on testing asymptomatic people and asymptomatic cases. What about the death count and the fact that Ontario Public Health has admitted to the fact that they are marking deaths as “covid” when it’s not even clear if covid caused or contributed to the death? What about the fact that the survival rate of the virus is 99.95 percent and above for people under the age of 70, or that prior infection can provide more immunity than the vaccine?

Again, the point is,there are many concerns that are being completely ignored and unacknowledged.

In the case of covid, it’s quite clear that people of all backgrounds and professions are split. You even have world renowned experts in the field split on these issues, with many opposing and supporting measures. As a result, this has many people confused, and it begs the question, should government really have the authority to put mandates into place that restrict our movement, rights and freedoms?

Is this really about the virus, or about the benefits that big tech, health and government will reap and have been reaping from this pandemic? When measures go against the will of so many people, should government not be allowed to mandate such measures and instead, present their science and make recommendations to people, leaving them the choice to act in ways they see fit?

Are we living in an age where government and big tech are doing the thinking for us, telling us what is and isn’t and trying to control our lives more and more every single year? How do we stop this if it’s true? Why do we continue to comply? One thing is certain, covid has been a great catalyst for more and more people to really question what type of world we are currently living in.

So what’s the solution to this? Is it mass/collective organized peaceful non-compliance? A Belgian court has ruled that the current COVID-19 measures being deployed don’t have a sound legal basis. The State has 30 days to lift restrictions or face fines. Can something like this happen in this situation? We will wait and see what happens as, no doubt, many people are going to be upset and showing it.

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Florida Education Minister Urges Schools To Drop Mask Mandates

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CE Staff Writer 9 minute read

In Brief

  • The Facts:

    Florida Education Commissioner Richard Corcoran said schools should make mask-wearing voluntary in the 2021-2022 school year, stating that they should simply be optional.

  • Reflect On:

    Why is one narrative being pushed hard, while the other is being heavily ridiculed and labelled as "dangerous" by mainstream media and government?

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What Happened: Earlier this week, Florida’s education commissioner directed all schools to drop mask mandates for the next school year because, according to him, they are not necessary and can simply be an optional measure for students and parents. According to him, mask policies “do not impact the spread of the virus” and they “may impede instruction” for some students. The decision is not up to him, however, as each individual district will ultimately decide whether or not they want to impose mask mandes for next school year.

Florida Governor Ron DeSantis recently convened a round table on public health. At that discussion, Professor of Medicine at Stanford University Dr. Jay Bhattacharya stated that “masks have not only been not effective but have been harmful.”

The video of this discussion was removed from YouTube, and then ridiculed by mainstream media. This has been a big problem throughout this pandemic. We have big tech “fact-checkers” censoring and removing any kind of narrative that does not fit within the framework or narrative that government health authorities are telling us. If things were so obvious, why would they need to censor world renowned experts?  It’s been a common theme, and Bhattacharya is one of many who have been subjected to this type of treatment.

He’s one of the three initiators of The Great Barrington Declaration. The other two are  Dr. Sunetra Gupta, PhD Professor of Theoretical Epidemiology at the University of Oxford and Dr. Martin Kulldorff, PhD, Professor of Medicine at Harvard, Infectious Disease Epidemiologist. You can watch an interesting discussion with all three of them here if interested.

Bhattacharya responded to the criticism in a recent piece he wrote for the Wall Street Journal (WSJ) stating the following:

I attended a public-policy roundtable hosted by Florida Gov. Ron DeSantis last month. The point was to discuss the state’s Covid policies in the months ahead. That 600,000 Americans have died with Covid-19 is evidence that the lockdowns over the past year, including significant restrictions on the lives of children, haven’t worked. Florida reopened in May and declined to shut down again. Yet age-adjusted mortality is lower in Florida than in locked-down California, and Florida’s public schools are almost all open, while California’s aren’t.

My fellow panelists—Sunetra Gupta of Oxford, Martin Kulldorff of Harvard and Scott Atlas of Stanford—and I discussed a variety of topics. One was the wisdom of requiring children to wear masks. The press asked questions, and a video of the event was posted on YouTube by local media, including Tampa’s WTSP.

But last week YouTube removed a recording of this routine policy discussion from its website. The company claimed my fellow panel members and I were trafficking in misinformation. The company said it removed the video “because it included content that contradicts the consensus of local and global health authorities regarding the efficacy of masks to prevent the spread of COVID-19.”

Yet the panelists are all experts, and all spoke against requiring children to wear masks. I can’t speak for my counterparts, but my reasoning was a cost-benefit analysis. The benefits of masking children are small to none; the costs are much higher.

The scientific evidence is clear.

He then goes on to cite site some science.

Kari Stefansson, senior author of a study  study from Iceland conducted early in the epidemic when masking was uncommon showing that incidents of covid in children is far less than adults, stated that children are.

“less likely to get infected than adults and if they get infected, they are less likely to get seriously ill. What is interesting is that even if children do get infected, they are less likely to transmit the disease to others than adults.”

According to Bhattacharya, “many studies in the scientific literature reach a similar conclusion: Even unmasked children pose less of a risk for disease spread than adults.”

For example, Jonas F Ludvigsson, a paediatrician at Örebro University Hospital and professor of clinical epidemiology at the Karolinska Institute wrote letter to the editor published in the New England Journal of Medicine titled “Open Schools, Covid-19, and Child and Teacher Morbidity in Sweden” has found that:

“Despite Sweden’s having kept schools and preschools open, we found a low incidence of severe Covid-19 among schoolchildren and children of preschool age during the SARS-CoV-2 pandemic…No child with Covid-19 died…Among the 1,951,905 children who were 1 to 16 years of age, 15 children had Covid-19, MIS-C, or both conditions and were admitted to an ICU, which is equal to 1 child in 130,000.”

You can read more about this specific story here, as he has quit his research due to the harassment he received for simply presenting data.

Why This Is Important: There are the points made above, and then there are papers outlining the supposed dangers and ineffectiveness of masks. Many have been published in peer-reviewed scientific/medical journals prior to covid, and during covid.

For example, one paper titled “Facemasks in the COVID-19 era: A health hypothesis” concludes:

The existing scientific evidences challenge the safety and efficacy of wearing facemask as preventive intervention for COVID-19. The data suggest that both medical and non-medical facemasks are ineffective to block human-to-human transmission of viral and infectious disease such SARS-CoV-2 and COVID-19, supporting against the usage of facemasks. Wearing facemasks has been demonstrated to have substantial adverse physiological and psychological effects. These include hypoxia, hypercapnia, shortness of breath, increased acidity and toxicity, activation of fear and stress response, rise in stress hormones, immunosuppression, fatigue, headaches, decline in cognitive performance, predisposition for viral and infectious illnesses, chronic stress, anxiety and depression. Long-term consequences of wearing facemask can cause health deterioration, developing and progression of chronic diseases and premature death. Governments, policy makers and health organizations should utilize prosper and scientific evidence-based approach with respect to wearing facemasks, when the latter is considered as preventive intervention for public health.

I’ve written about a study published in the New England Medical Journal by Harvard doctors that outlines how it’s already known that masks provide little to zero benefit when it comes to protection in a public setting. According to them,

We know that wearing a mask outside health care facilities offers little, if any, protection from infection. Public health authorities define a significant exposure to Covid-19 as face-to-face contact within 6 feet with a patient with symptomatic Covid-19 that is sustained for at least a few minutes (and some say more than 10 minutes or even 30 minutes). The chance of catching Covid-19 from a passing interaction in a public space is therefore minimal. In many cases, the desire for widespread masking is a reflexive reaction to anxiety over the pandemic.

The papers cited above are a few of many, there are a plethora of them available within the scientific literature.

Yes, there are also studies that claim and explain why they believe masks are an effective tool to mitigate the virus, and we know that organizations like the Centres For Disease Control (CDC) deem them to be extremely effective and necessary.  The point is, why are those who point out, explain, and provide evidence and reason for the idea that masks are not effective being heavily censored, vilified, and ridiculed? What’s going on here? Why is proper critique and discussion being completely shut down and why are those who are creating awareness about these issues labelled as “dangerous anti-maskers.” This, in my opinion is quite frankly unscientific.

Perhaps I can explore one possible explanation. Perhaps any type of information, data or evidence, no matter how credible, that opposes the measures and narrative of government and big media threatens various business/agendas in these powerful circles. It begs the question, does government and government affiliated health/business really look out for what’s best for its citizens? The COVID pandemic has definitely served as a catalyst for more people to ask that question who wouldn’t have prior to the pandemic.

This is just my opinion, but in presenting it I put our platform, Collective Evolution, at risk being punished in various ways for simply sharing it. We’ve not only been falsely smeared by fact checkers but have also been hurt financially on social media simply for bringing forth facts that the mainstream doesn’t wish to address.

The Takeaway: At the end of the day, it’s very difficult to determine who is right or wrong, which is why we need open dialogue. The fact that simple discussion and pieces of evidence that change the narrative, or threaten it, is being shut down, censored and completely ridiculed is quite concerning. The mainstream media continues to fail to have appropriate conversations surrounding all things COVID while forcing their narrative on the public. This in turn has created a great divide among the citizenry when really, we should all be coming together and respecting everybody’s decision to act as they please.

When things are not so cut and dry, it’s questionable whether or not we should really give governments the ability to control our lives in the manner they have done with this pandemic.

Science is being suppressed for political and financial gain. Covid-19 has unleashed state corruption on a grand scale, and it is harmful to public health. Politicians and industry are responsible for this opportunistic embezzlement. So too are scientists and health experts. The pandemic has revealed how the medical-political complex can be manipulated in an emergency—a time when it is even more important to safeguard science. –

Dr. Kamran Abbasi, executive editor of the prestigious British Medical Journal, editor of the Bulletin of the World Health Organization, and a consultant editor for PLOS Medicine. He is editor of the Journal of the Royal Society of Medicine and JRSM Open. Taken from his published a piece in the BMJ, titled “Covid-19: politicisation, “corruption,” and suppression of science.”

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