Cashless Society War Intensifies During Global Epocalypse

Cashless Society War Intensifies During Global Epocalypse
by David Haggith
Posted January 25, 2016

banning cash is central planners dreamCharging people to keep their money in the bank is hard to do so long as cash is available, as people may just withdraw all of their money from those banks in the form of the national cash and squirrel the cash away. In order to penetrate the twilight zone of economics, central banks need to abolish cash to terminate this escape route. Then they can force savers to spend, thereby increasing the flow of money through the economy, by raising the cost of holding money in a bank account as high as it takes to get people to spend their money. No sense letting perfectly good money waste away in an expensive bank account.

Transitioning into a cashless society is the ultimate central planner’s dream as it gives central banks total control over money, and money is their proprietary product. More…

Davos 2016: robots will steal 5 million jobs by 2020

Davos 2016: robots will steal 5 million jobs by 2020
by Jena McGregor
Posted January 23, 2016

Davos The World Economic Forum kicked off on Tuesday, and the theme of this year’s gathering of the world’s leaders, celebrities, billionaires and the merely wealthy will be what it calls the “Fourth Industrial Revolution”.

That’s its term for the accelerating pace of technological changes, especially those that are “blurring the lines between the physical, digital and biological spheres” — the combination of things such as artificial intelligence, robotics, nanotechnology and 3D printing. To go with that theme, the WEF has released research looking at the effect all that change will have on jobs. It projects that by 2020, 7.1 million jobs are expected to be lost, versus just 2 million gained. More…

The Citadel is Breached: Congress Taps the Fed for Infrastructure Funding

The Citadel is Breached: Congress Taps the Fed for Infrastructure Funding
by Ellen Brown
Posted January 22, 2016

Federal ReserveFor at least a decade, think tanks, commissions and other stakeholders have fought to get Congress to address the staggering backlog of maintenance, upkeep and improvements required to bring the nation’s infrastructure into the 21st century. Countries with less in the way of assets have overtaken the US in innovation and efficiency, while our dysfunctional Congress has battled endlessly over the fiscal cliff, tax reform, entitlement reform, and deficit reduction.

Both houses and both political parties agree that something must be done, but they have been unable to agree on where to find the funds. Republicans aren’t willing to raise taxes on the rich, and Democrats aren’t willing to cut social services for the poor. More…

China Flexes Muscles At Shanghai Gold Exchange

China Flexes Muscles At Shanghai Gold Exchange
by Jeff Nielson
Posted January 21, 2016

China goldThe New Cold War between West and East has already become a Luke-Warm War , and it threatens to become a full-fledged “hot” war. After years of passively reacting to Western crime and aggression; both China and Russia have shown an increasing tendency to adopt a more proactive stance. On the economic front, China has leaped into the international gold market, suddenly and decisively .

After having purchased no gold on the open market for at least six years; China’s government has now made large, open market purchases of gold every month , for six, consecutive months. This has already totaled roughly 100 tonnes. Ultimately, this is gold which comes out of the warehouses of the Big Bank crime syndicate. More…

Shipping Said to Have Ceased…. Is the Worldwide Economy Grinding to a Halt?

Shipping Said to Have Ceased…. Is the Worldwide Economy Grinding to a Halt?
by Jeff Berwick
Posted January 13, 2015

empty container shipLast week, I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. He told me they had no ships at sea right now, because operating them meant running at a loss. This weekend, reports are circulating saying much the same thing: The North Atlantic has little or no cargo ships traveling in its waters. Instead, they are anchored. Unmoving. Empty.

Commerce between Europe and North America has literally come to a halt. For the first time in known history, not one cargo ship is in-transit in the North Atlantic between Europe and North America. All of them (hundreds) are either anchored offshore or in-port. NOTHING is moving.

This has never happened before. It is a horrific economic sign; proof that commerce is literally stopped. More…

The Catastrophic Threat of Bail-Ins

The Catastrophic Threat of Bail-Ins
by Jeff Nielson
Posted January 5, 2016

banks will be protectedIt has now been more than two and a half years since the Cyprus Steal , the first “bail-in” perpetrated in the Western world, occurred. Before reviewing the history of this newest financial atrocity, it is necessary to define the terms.

The term “bail-in” describes a scenario in which a bank confiscates private property to indemnify itself for losses it has suffered. A bail-in is a totally lawless theft of assets, as there is no principle of law (of any kind) that could authorize such a seizure of private property. And in fact, there are many principles of law that demonstrate the lawlessness at work here. As with much of the financial crime jargon, “bail-in” is simply another gibberish euphemism like “quantitative easing” or “derivatives.” More…

Larry Summers Lectures Bernie Sanders on Financial and Monetary Policy

Larry Summers Lectures Bernie Sanders on Financial and Monetary Policy
By Pam Martens and Russ Martens
Posted January 3, 2015

Larry Summers, key architect of economic collapseRecently Larry Summers penned an opinion piece for the Washington Post, lecturing Senator Bernie Sanders of Vermont, a Presidential candidate, on what Sanders should actually be saying in his own op-eds about reforming the Federal Reserve.

No one will ever accuse Larry Summers of being short on arrogance. After promising the American people in 1999, as Treasury Secretary in the Bill Clinton administration, that pushing through the repeal of the Glass-Steagall Act would be “the right framework for America’s future financial system,” then watching that system collapse as a result of that repeal just nine years later in the worst economic upheaval since the Great Depression, one would think Summers would find some obscure hole in academia and crawl into it. More…

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