Economic Articles from 2017
EXPOSED: The Elite’s Plan to Freeze the Financial System
By James Rickards
Posted September 2, 2017
Today’s complacent markets are faced with a number of potentially destabilizing shocks. Any one of them could potentially lead to another financial crisis. And the next crisis could see draconian measures by governments that most people are not prepared for today.
Consider a recent Reuters article that admitted elites would likely shut down the entire system when the next financial crisis strikes. The article claimed that the EU is considering actions that would temporarily prevent people from withdrawing money from banks to prevent bank runs.
Very few people are aware of these developments. They get a brief mention in the media, if they get mentioned at all. But people could be in for a shock when they try to get their money out of the bank during the next financial crisis. More…
War on Cash Proposals in Australia: Microchip Expiring $100 Bills, Forcing People to Keep Receipts
by Mike “Mish” Shedlock
Posted August 31, 2017
Australia’s Black Economy Taskforce has come up with a list of 35 “consumer-focused” proposals to crack down on cash. The taskforce blames consumers for holding cash and for not getting receipts.
Michael Andrew, the head of the taskforce, proposes nanochips in $50 and $100 notes so the government knows where the cash is. Cash will expire after a designated period of time.
Andrew believes “consumers are part of the problem”. He wants to punish people who pay in cash and don’t get a receipt. A plan to strip consumers of their legal protections if they pay in cash and fail to get a receipt has been slammed as “completely unfair” by leading advocacy groups. More…
Steve Mnuchin Peers Through Ft. Knox Window And Confirms Gold Is Still There!
By Jeff Berwick
Posted August 29, 2017
Imagine it was 1937 and you stored your gold with someone… let’s call them Uncle Sam.
After about 20 years you told Sam that you’d like to see the gold and make sure it was still there. He said sure; you can come and take a quick look. And you did… and you were satisfied that it looked like the gold was still there.
Decades then went by… more than 40 years in fact… and you told Sam that you’d like to make sure the gold is still there.
He replied, “Sure, but you can’t count it or touch it or anything. You can just look through the window and see it is still there.”
“Oh, and another thing,” said Sam, “We get to select the person who can take a quick look.”
You’d start to get quite suspicious, wouldn’t you? It had been more than 40 years since you were even allowed to see the gold and more than 60 years since the last time Sam allowed you to count it. More…
Here’s How to Boycott Organic Imposters
By Katherine Paul and Ronnie Cummins
Posted August 28, 2017
A recent series of articles by a Washington Post reporter could have some consumers questioning the value of the U.S. Department of Agriculture’s (USDA) organic seal. But are a few bad eggs representative of an entire industry?
What can consumers do to ensure that the certified organic products they buy meet existing organic standards? And how do we, as consumers, fight back against efforts to weaken those standards?
The short answers: One, there are about 25,000 honest organic local and regional producers, vs. a handful of big brands, mostly national, who flout the rules. (Most “Factory Farm Organic” companies sell their products, and provide private-label products, for big retail chains like Costco, Walmart, Safeway, Albertson’s, Kroger’s and others).
Two, if consumers want stronger, not weaker organic standards, we need to demand them. More…
LA’s weed industry needs a bank. City leaders might create one it can use
By Elizabeth Chou
Posted August 24, 2017
Los Angeles city leaders are looking into the possibility of setting up a public bank that would do business with marijuana dispensaries, as well as cater to affordable housing developers.
Council President Herb Wesson proposed the idea in a speech at City Hall, laying out his agenda for the next two years. He said a municipal bank would be able to focus on providing financing to small businesses and developers of affordable housing.
The announcement comes as Oakland is also considering opening its own bank.
“Imagine, if this is possible, to have a bank, where its vision statement is to finance the building of affordable housing,” he told his colleagues on the City Council. “Imagine if we have a bank that is focused on working with small business entrepreneurs to give them loans.” More…
Why Elites Are Winning the War on Cash
By James Rickards
Posted August 23, 2017
Visa recently unveiled its own offensive in the war on cash. Visa is offering certain merchants a $10,000 reward if they refuse to accept cash in the future. Not surprisingly, Visa’s competitor is also part of the war on cash. Mastercard is increasing its efforts to encourage merchants to refuse cash.
These private efforts by Visa and MasterCard exist side by side with official efforts to eliminate or discourage the use of cash coming from governments in India, Australia, Sweden as well as the United States.
But the so-called “cashless society” is just a Trojan horse for a system in which all financial wealth is electronic and represented digitally in the records of a small number of megabanks and asset managers. Once that is achieved, it will be easy for state power to seize and freeze the wealth, or subject it to constant surveillance, taxation and other forms of digital confiscation. More…
Geopolitical Tensions Are Designed To Distract The Public From Economic Decline
by Brandon Smith
Posted August 22, 2017
Whenever someone asks me as an economic and political analyst “when the collapse is going to happen,” I have to shake my head in bewilderment. The “collapse” is here now. It is done. It is a historical fact. It’s just that not many people have the eyes to see it yet, primarily because they are hyper-focused on all the wrong things.
For many centuries now, elitists in power have understood the value of geopolitical distraction as a tool for controlling the masses. If you examine the underlying motivations behind the majority of wars between nations regardless of the era, you will in most cases discover that the power brokers on both sides tend to be rather friendly with each other. In fact, monarchies and oligarchies are historically notorious for fabricating diplomatic tensions and conflicts in order to force populations back under their control. That is to say, wars and other man-made conflicts give the citizenry something to react to, instead of hunting down the establishment cabal like they should. More…
Central Banks ARE The Crisis
by Raúl Ilargi Meijer
Posted August 15, 2017
If there’s one myth -and there are many- that we should invalidate in the cross-over world of politics and economics, it‘s that central banks have saved us from a financial crisis. It’s a carefully construed myth, but it’s as false as can be. Our central banks have caused our financial crises, not saved us from them.
Central banks don’t serve people, or even societies, as that same myth claims. They serve banks. Even if central bankers themselves believe that this is one and the same thing, that doesn’t make it true. And if they don’t understand this, they should never be let anywhere near the positions they hold. More…
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