new world order

Cyprus abolishes maximum daily cash withdrawal limits

"In a decree issued by the finance ministry, the 300 euro limit per person per day was scrapped, along with restrictions on breaking fixed-interest time deposits prior to maturity. The decree also allowed, under conditions, individuals to open bank accounts in other credit institutions. Restrictions remain on moving money abroad. Cypriot officials have previously said they anticipate that all controls could be fully lifted by the end of 2014. Cyprus was forced to wind down a major bank and convert large deposits in a second to recapitalise it in order to qualify for aid from the International Monetary Fund and the European Commission." Continue reading →

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Europol: Police need powers to tackle virtual money laundering

"The head of the European Union's policing agency warned on Monday that virtual currencies such as Bitcoin were being used for money laundering and called for police to be given more powers to identify criminal suspects operating on the Internet. 'We're seeing that virtual currencies are being used as an instrument to facilitate crime, particularly in regard to the laundering of illicit profits,' said Europol head Rob Wainwright, speaking on the margins of a nuclear security conference in The Hague. Wainwright said police should be given new powers to allow them to identify anonymous participants online and bring them to justice." Continue reading →

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Pensions in Ukraine to be halved: sequestration draft

"The self-proclaimed government in Kiev is reportedly planning to cut pensions by 50 percent as part of unprecedented austerity measures to save Ukraine from default. With an 'empty treasury', reduction of payments might take place in March. Ukraine’s new prime minister, Arseny Yatsenyuk, promised the government would do its best to avoid a default, adding that he expects an EU/IMF economic stabilization package soon. The European Commission offered Ukraine an 11 billion euro loan if Kiev agrees a deal with the IMF. Accepting IMF money will mean many sacrifices for Ukraine’s economy, [such as] increased gas bills, frozen government salaries, and all around budget cuts." Continue reading →

Continue ReadingPensions in Ukraine to be halved: sequestration draft

Tracking IMF Money Manipulation to Pakistan and Beyond

"The Nation magazine recently posted a small article entitled, 'Pakistan gets second tranche of $553.5m from IMF.' We are so used to these kinds of announcements that they hardly register anymore. But this is how the entrenched corruption of our day is carried out. This is magic money, of course. It will bolster foreign reserves, help Pakistan battle the Taliban (that it actually sponsors), aid the state in supporting its economy (whatever that means), 'solve' an energy crisis (really!) and support increased tax collection efforts. A Swiss green company is in line to soak up a good deal of this IMF tranche." Continue reading →

Continue ReadingTracking IMF Money Manipulation to Pakistan and Beyond

Debt hits 200-year high; IMF warns of ‘savings tax’ and mass write-offs

"Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund. The IMF working paper said debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, either negotiated 1930s-style write-offs or the standard mix of measures used by the IMF in its 'toolkit' for emerging market blow-ups. Financial repression can take many forms, including capital controls, interest rate caps or the force-feeding of government debt to captive pension funds and insurance companies." Continue reading →

Continue ReadingDebt hits 200-year high; IMF warns of ‘savings tax’ and mass write-offs

Farce of Globalism: World Bank Becomes Top Cop?

"The World Bank has a new mission. The Economic Times tells us that the World Bank has a new enemy to confront. It is not poverty but 'corruption.' The reason that these enormous global facilities are receiving more and more power and authority is not because they work well or even work at all. It is because the internationalists who set them up want them to expand as a way of building world government. Call it directed history. These agents of globalism will continually acquire power no matter the reality of their missions. They were never what they appeared to be. In the 21st century, it becomes increasingly apparent as the Internet Reformation era advances." Continue reading →

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Saving Europe’s banks: EU gets landmark deal

"Europe has agreed the core elements of a banking union that mark the most significant pooling of national power since the birth of the euro. European Union leaders meeting in Brussels Thursday will sign off a compromise deal hammered out overnight by their finance ministers after months of difficult negotiations. It will then go to European lawmakers for final approval before May 2014. The banking union is central to the eurozone's response to future financial crises. The aim is to stop bank collapses from trashing national economies -- a fate Ireland suffered in 2010 -- and destabilizing the euro." Continue reading →

Continue ReadingSaving Europe’s banks: EU gets landmark deal

G. Edward Griffin on Globalism, Collectivism and the ‘Right Principles’

"I think the most important thing we can do today is to recognize that our opponents are not evil because of their political party affiliation. They're not our opponents because they're evil or because they have this, that or the other thing. It's because they have an ideal, a philosophy that they're following. People mistakenly often just attack them because of the party labels – 'Get rid of him. He's a Democrat!' or 'He's a Republican. Get rid of him!' Who's going to replace him? Somebody just exactly the same, with the same mindset. So it does no good to focus on personalities and names. We have to rise above that and focus on the ideas these individuals are pursuing." Continue reading →

Continue ReadingG. Edward Griffin on Globalism, Collectivism and the ‘Right Principles’

Barbados Debt Higher Than Cyprus Prompts Firing of 3,000

"Barbados will fire 3,000 public sector workers by March and freeze wages as the eastern Caribbean island’s debt burden soars and the International Monetary Fund says 'urgent adjustments' are needed. Barbados’s ratio of debt to gross domestic product reached 94 percent in September, the IMF said today, more than the 93 percent that forced Cyprus to seek a European Union-brokered bailout in March. Finance Minister Chris Sinckler told lawmakers yesterday that the government risks 'further hemorrhaging' of its reserves and the local currency’s peg to the dollar if nothing is done. Barbados’s financial struggles are mirrored across much of the Caribbean, which has seen eight debt defaults since 2003." Continue reading →

Continue ReadingBarbados Debt Higher Than Cyprus Prompts Firing of 3,000

European Union Warns on Bitcoin

"The European Union on Friday added to a string of recent warnings about the safety of using and investing in Bitcoin, the virtual currency that is not issued by any government. The union’s banking authority said consumers needed to be aware that they were not protected through regulation when paying with Bitcoins. The digital currency is vulnerable to hackers, might lose its value and any misuse could prompt law enforcement agencies to close Bitcoin exchange platforms and keep consumers from accessing their investment, the European regulator said, adding that it was looking into whether such currencies could and should be regulated." Continue reading →

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