new world order

The World’s First Cashless Society Is Here – A Totalitarian’s Dream Come True

"Central planners around the world are waging a War on Cash. In just the last few years: Italy made cash transactions over €1,000 illegal; Switzerland proposed banning cash payments in excess of 100,000 francs; Russia banned cash transactions over $10,000; Spain banned cash transactions over €2,500; Mexico made cash payments of more than 200,000 pesos illegal; Uruguay banned cash transactions over $5,000; and France made cash transactions over €1,000 illegal, down from the previous limit of €3,000. An increasing number of government restrictions are encouraging Swedes to dump cash. The pretexts are familiar…fighting terrorism, money laundering, etc." Continue reading →

Continue ReadingThe World’s First Cashless Society Is Here – A Totalitarian’s Dream Come True

Oligarchies Masquerading as Democracies

"The creation of the Federal Reserve System in 1913 was the re-establishment of the oligarchs' lender of last resort. That meant that the federal debt would become the foundation of the entire economy: debt purchased by the central bank to balloon the monetary base. To pay off the debt would create mass deflation and depression. The oligarchs now have immunity. Congress will not order an independent audit of the FED. The model is the Bank of England. It has been the chief insurance agency of the Anglo-American oligarchy ever since 1694. The 'Glorious Revolution' of 1688/89 was in fact the symbolic triumph of the oligarchs over the king." Continue reading →

Continue ReadingOligarchies Masquerading as Democracies

Money Will Be Digital — But Will It Be Free?

"What a strange world we now live in. Total surveillance of every citizen’s transactions, without any basis or suspicion, is not just normal but presented as a virtue, a form of patriotism. Using cash or wishing to retain your financial privacy is inherently suspect, a radical position, soon to be a crime. Using cash or wishing to retain your financial privacy is inherently suspect, a radical position, soon to be a crime. A future where all payments are trackable is terrifying, but a world with centralized control over transactions would be even worse. Digital currency with centralized control means the eradication of property as a right." Continue reading →

Continue ReadingMoney Will Be Digital — But Will It Be Free?

Greece defaults on $1.7 billion IMF payment

"Greece became the first developed country to default to the IMF, an organization of 188 nations that tries to keep the world economy stable. Greece will now be cut off from access to IMF resources until the payment is made. The move came hours after the country made a desperate attempt Tuesday to halt its plunge into economic chaos by requesting a new European bailout. Greece asked for a two-year bailout from Europe, its third in six years. Greek banks remained shut Tuesday and limits on cash withdrawals were in place as the country tried to stave off financial collapse before the vote. Daily withdrawals are limited to 60 euros, or about $67." Continue reading →

Continue ReadingGreece defaults on $1.7 billion IMF payment

BRICS establish $100bn bank and currency pool to cut out West

"The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar. The new bank will provide money for infrastructure and development projects in BRICS countries, and unlike the IMF or World Bank, each nation has equal say, regardless of GDP size. Each BRICS member is expected to put an equal share into establishing the startup capital of $50 billion with a goal to reach $100 billion. The BRICS bank will be headquartered in Shanghai." Continue reading →

Continue ReadingBRICS establish $100bn bank and currency pool to cut out West

An Ever Deeper EU to Join the Wall Street Party?

"The central bankers have reason to inflate. The European experiment is precarious and economies around the world are teetering. Part of Mr. Andors's speech, no doubt, has to do with creating the possibility, rhetorically at least, that the EU, too, can join in the mass inflation building around the world. This no doubt seems the only way out for those who have engineered the current economic cul de sac. They will print and print until the danger is past and stock markets have traveled through the roof. Wealth is to be destroyed and pensioners bankrupted, but the system itself is to be perpetuated and expanded. It continues to be a cynical exercise in creating haves and have-nots." Continue reading →

Continue ReadingAn Ever Deeper EU to Join the Wall Street Party?

The Shocking Real Reason for FATCA, and What Comes Next

"The central planners at the G20 and OECD devised what they call a new 'global standard' of automatic financial information exchange between governments (i.e., GATCA) modeled on the US’s FATCA. However, GATCA would have never been possible in the first place had the US not cleared the path with FATCA. The G20 and OECD needed the US—the sole financial superpower (for now at least)—to strong-arm and cram down the throats of the rest of the world this privacy-killing measure. There’s no other entity on the planet with the capability to do so. The very big stick the US wielded was access to the US financial system and the world’s premier reserve currency." Continue reading →

Continue ReadingThe Shocking Real Reason for FATCA, and What Comes Next

The Successor to Keynes

"The words, 'Brilliant!' 'Ground-breaking!' and 'Visionary!' He recommends: Uniform global taxation; Confiscatory tax on inherited wealth; 15% tax on capital; 80% tax on annual incomes over US$500,000; Enforced transparency on all bank transactions; Overt use of inflation to redistribute wealth downwards. Why didn’t anyone else think o"The words, 'Brilliant!' 'Ground-breaking!' and 'Visionary!' will no doubt be seen in many reviews of Mr. Piketty’s book. He recommends: Uniform global taxation; Confiscatory tax on inherited wealth; 15% tax on capital; 80% tax on annual incomes over US$500,000; Enforced transparency on all bank transactions; Overt use of inflation to redistribute wealth downwards. Why didn’t anyone else think of this brilliant plan? Well actually, they did. In fact, the above is essentially the shopping list of the IMF, the EU, the OECD and, in fact, many of the governments that make up what was formerly described as 'the free world.'" this brilliant plan? Well actually, they did. In fact, the above is essentially the shopping list of the IMF, the EU, the OECD and, in fact, many of the governments that make up what was formerly described as 'the free world.'" Continue reading →

Continue ReadingThe Successor to Keynes

Global Debt Exceeds $100 Trillion as Governments Binge

"The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates. The $30 trillion increase from $70 trillion between mid-2007 and mid-2013 compares with a $3.86 trillion decline in the value of equities to $53.8 trillion, according to the Bank for International Settlements and data compiled by Bloomberg. Borrowing has soared as central banks suppress benchmark interest rates to spur growth Yields on all types of bonds, from governments to corporates and mortgages, average about 2 percent." Continue reading →

Continue ReadingGlobal Debt Exceeds $100 Trillion as Governments Binge

Western banking regulations could be ‘mutually destructive’: IMF

"Western governments have put in place banking regulations that could be 'mutually destructive' and undermine efforts to prevent bust banks from costing taxpayers billions of pounds, according to a report by the International Monetary Fund. Policymakers representing the world's biggest financial centres have failed to make the banking sector stand on its own feet by ending implicit subsidies and co-ordinating rescue plans when multinational banks go bust, the Washington-based lender of last resort said. Subsidies to the banking sector in some countries are as high as they were before the crash, amounting to $590bn (£355bn), with the eurozone the worst affected." Continue reading →

Continue ReadingWestern banking regulations could be ‘mutually destructive’: IMF