Saturday, August 29, 2015

Financial Times Calls For Abolishing Cash “To Give More Power to Central Banks”

Financial Times is the mouthpiece of the banksters, government and elitists; buy gold, burn your credit cards, close your bank accounts  

STRATEGIC CULTURE FOUNDATION
By Paul Joseph Watson
08/20/2815

The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power.


Entitled The case for retiring another ‘barbarous relic’, the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.”

“The existence of cash — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory,” states the article.


Complaining that cash cannot be tracked and traced, the writer argues that its abolition would, “make life easier for a government set on squeezing the informal economy out of existence.”

Abolishing cash would also give governments more power to lift taxes directly from people’s bank accounts, the author argues, noting how “Value added tax, for example, could be automatically levied — and reimbursed — in real time on transactions between liable bank accounts.”

The writer also calls for punishing people who use cash by making users “pay for the privilege of anonymity” so they will, “remain affected by monetary policy.” Dated bank notes would lose their value over time, while people would also be charged by banks for swapping electronic reserves for physical cash and vice versa.




The article echoes an argument made by Kenneth Rogoff, former chief economist of the International Monetary Fund, who has called for high denomination banks notes such as the €100 and €500 notes to be phased out of existence.

As we previously reported, Rogoff attended a meeting in London earlier this year where he met representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks. The issue of banning cash was at the forefront of the agenda.

Last year, Rogoff also called for “abolishing physical currency” in order to stop “tax evasion and illegal activity” as well as preventing people from withdrawing money when interest rates are close to zero.




The agenda to ban cash was also discussed at this year’s secretive Bilderberg Group meeting, which was attended by the Financial Times’ chief economics commentator Martin Wolf.

Former Bank of England economist Jim Leaviss penned an article for the London Telegraph earlier this year in which he said a cashless society would only be achieved by “forcing everyone to spend only by electronic means from an account held at a government-run bank,” which would be, “monitored, or even directly controlled by the government.”

In the UK, banks are treating the withdrawal of cash in amounts as low as £5,000 as a suspicious activity, while in France, citizens will be banned from making cash payments over €1,000 euros from Tuesday onwards. The withdrawal and deposit of cash over the amount of €1,000 euros will also be subject to ID verification.




“There is no more egregious anti-liberty economic policy imaginable than banning cash,” writes Michael Krieger.

“Of course, if cash were involuntarily “ended,” there would be a surge in demand for physical gold and silver, which would then necessitate a ban on those items. Then the cycle of economic and financial tyranny would be complete, and crawling our way out of it, nearly impossible.”



This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

Stock Market Casino : Who Will Be the Bagholders This Time Around?

The bagholders will be the average individuals dumb enough to play a rigged game  

WASHINGTON'S BLOG
By Charles Hugh Smith
08/28/2015

Once global assets roll over for good, it’s important to recall that somebody owns these assets all the way down. 


These owners are called bagholders, as in “left holding the bag.”

Those running the rigged casino have to select the bagholders in advance, lest some fat-cat cronies inadvertently get stuck with losses.

In China, authorities picked who would be holding the bag when Chinese stocks cratered 40%: yup, the poor banana vendors, retirees, housewives and other newly minted punters who borrowed on margin to play the rigged casino.


Corrupt Chinese officials, oil oligarchs and everyone else who overpaid for flats in London, Manhattan, Vancouver, Sydney, etc. will be left holding the bag when to-the-moon prices fall to Earth.


Anyone buying Neil Young’s 2-acre estate in Hawaii for $24 million will be a bag holder. (If nobody buys it at this inflated price, Neil may end up being the bagholder.)

Bond funds that bought dicey emerging market debt (Mongolian bonds, anyone?) and didn’t sell at the top are bag holders.


Everyone with bonds and stocks in the oil patch who didn’t sell last summer is a bagholder.

Everyone holding yuan is a bag holder.




Everyone who bought euro-denominated assets when the euro was 1.40 is a bagholder at euro 1.12.

Everyone with 401K emerging market equities mutual funds who didn’t sell last summer is a bagholder.

Everyone who reckons “buy and hold” will be the winning strategy going forward will be a bag holder.




Anyone buying anything with borrowed money is a bagholder. Leveraging up to buy risk-on assets like Mongolian bonds and homes in vancouver is brilliant in bubbles, but not so brilliant when risk-on turns to risk-off. 

As the asset’s value drops below the amount borrowed to buy it, the owner becomes a bag holder.


The dealer ALWAYS wins

Anyone betting China’s GDP is really expanding at 7% and the U.S. economy will grow by 3.7% next quarter is angling to be a bag holder.



This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

Laser Cannon Designed To Shoot Drones Out Of The Sky

What goes up can and will be shot down; if the military and government regard commercial drones as a threat, then they have no legal basis to say average Americans cannot view them as the same because average Americans ARE THE GOVERNMENT - this will ultimately be played out in the courts as it is now all or nothing  

RT
08/28/2015

The US government and military have identified a new threat in modern day warfare: commercial drones adapted to carry explosives or chemical weapons. To address this risk, weapons manufacturer Boeing has invented a portable laser cannon.


Boeing’s new Compact Laser Weapon System (LWS) is easily transportable at 650 pounds, can be assembled in 15 minutes, and can generate an energy beam of 10 kilowatts to bring down a target up to 22 miles away, according to the company.

Boeing publicly tested the laser cannon in a New Mexico industrial park on Wednesday and called the new weapon a game changer as it’s portable, silent, invisible and precise. It is designed to target unmanned aerial vehicles, low-flying aircraft, and artillery rounds.


The LWS is housed in four containers, which include a battery, a commercial fiber laser, a water-cooled chiller, and a beam director. Once assembled, it resembles a sub-woofer speaker on a tripod.

During the demonstration, Boeing burned holes in a stationary, composite unmanned aerial vehicle (UAV) shell. The drone caught fire just two seconds after being blasted by the LWS blasted at full power.


Boeing laser cannon

Developed for the US Marine Corps, the laser cannon is controlled by a standard Xbox 360 controller and a laptop with custom targeting software. Once the target is in range, the system can take over from a human operator and control targeting and tracking automatically. 

Its current design requires a static position, but with upgrades it could be used on a moving vehicle or ship.


Shoot them down: Shoot the operators, manufacturers, developers as they are ALL TRAITORS TO AMERICA AND AMERICANS

“This represents a low-cost way to deal with the threat,” said David DeYoung, director of Boeing Laser & Electro-Optical Systems, according to WIRED.

The system requires a 220-volt outlet which can be supplied by a generator or a battery pack, and the company says the laser can run for years with basic maintenance. The system is being tested by US Special Operations and can be operated by from eight to a dozen Marines.


A drone hunter inspects smoking, shot-down wreckage of illegal drone

The LWS was designed to handle threats identified by the US government and its military, such as the proliferation in the use of commercial drones that could easily be adapted to carry explosives or chemical weapons.

“They [laser weapon systems] are able to engage targets, and Boeing has an edge in this as we have been developing lasers for tens of years,” said DeYoung in a YouTube video published by the company.


A drone hunter fires on an illegal drone

Other weapons manufacturers have developed anti-drone shotgun shells and jamming technology, but Boeing plans to just zap the enemy out of the sky.




This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

German Sailor Gets Sick After Rio Regatta

MRSA infection from water; coaches, team officials will be responsible for forcing athletes to compete in these filthy, pathogen-laden cesspools in the name of "political correctness" - athletes should simply refuse to compete and sue for any infections contracted from waters     

AP
08/29/2015

FRANKFURT, Germany — 

A German sailor has fallen ill and is getting daily hospital treatment for several skin infections after competing in polluted water at a test event for next year's Olympics in Rio de Janeiro.


Rio cesspool: There will without a doubt be illness
and deaths among athletes and officials must be
held responsible
A post on the German sailing team's Olympic blog said Erik Heil was told by the Berlin hospital treating him that he was the victim of multi-resistant germs. He's getting daily treatment with antibiotics, which are so far not working.

Heil said an inflamed area on his hip had to be scraped off, without anesthetic.

"You can imagine how painful it is," Heil said on the blog.

A publicist for Heil, Sophie-Karolin Wehner, said he was too tired from the treatment to be interviewed. 


But she said he had refused to take the offered morphine during the removal of the inflamed tissue. He also has three inflamed spots on his legs and one on his nail, Wehner said in an email to The Associated Press. She said the problems began when a small cut on the leg got infected.

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A post on the German sailing team's Olympic blog said Erik Heil was told by the Berlin hospital treating him that he was the victim of multi-resistant germs. He's getting daily treatment with antibiotics, which are so far not working.

Heil said an inflamed area on his hip had to be scraped off, without anesthetic.

"You can imagine how painful it is," Heil said on the blog.


It is impossible for athletes to compete without ingesting the water; regardless of negative impact to careers they should simply refuse to enter this pathogenic soup, better to be scratched than dead

A publicist for Heil, Sophie-Karolin Wehner, said he was too tired from the treatment to be interviewed. But she said he had refused to take the offered morphine during the removal of the inflamed tissue. He also has three inflamed spots on his legs and one on his nail, Wehner said in an email to The Associated Press. She said the problems began when a small cut on the leg got infected.

Heil finished third with partner Thomas Ploessel in the 49er class at the competition in Rio earlier this month.


Liquid filth; waters off Rio are deadly - and especially for Westerners with immune systems unexposed to tropical pathogens

"I have never in my life had a leg infection," Heil said in the blog. "I assume that I got it from the test regatta."

Rio's polluted waterways have been in the spotlight since the AP released an independent study on July 30 showing high levels of viruses from human sewage at all Rio Olympic water venues.




The International Olympic Committee and local organizers have declined to test for viruses, arguing the World Health Organization requires only bacterial testing and lacks a standard for viruses.

Heil said in the blog post he and Ploessel are considering whether to use plastic overalls to sail out of the marina at the Olympics before putting on their normal neoprene shoes in the open water.


A triathlete trains in the waters off Copacabana Beach: there will be sickness, deaths and athletes maimed for life and those responsible must be held criminally liable for knowingly exposing these people to these deadly pathogens while turning a blind eye to the consequences especially the MSM frauds and hacks that covered this up for their corporate sponsors and masters

Heil also called for a doctor to be with the team at all future sailing events in Rio.

He said four or five other athletes developed stomach problems but were not seriously ill.




This news bureau contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc.  We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

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ANDREW KREIG: EXPERTS REJECT FIRE AS CAUSE FOR 9/11 WTC COLLAPSES

The real truth on 9/11 slowly continues to bleed out

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Technical experts are mounting major challenges to official U.S. government accounts of how three World Trade Center skyscrapers collapsed in near-freefall after the 9/11 attacks 15 years ago.

Many researchers are focusing especially on the little-known collapse of

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The Geopolitics Of The United States, Part 1: The Inevitable Empire

The Empire and the inevitable fall of the Obama criminal regime

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STRATFOR Editor’s Note: This installment on the United States, presented in two parts, is the 16th in a series of STRATFOR monographs on the geopolitics of countries influential in world affairs.

Like nearly all of the peoples of North and South America, most Americans are not originally from the territory that became the United States.

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Geopolitics Of The United States Part 2: American Identity And The Threats of Tomorrow

A look back at 2011 predictions for the future in order to put events of today into perspective

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We have already discussed in the first part of this analysis how the American geography dooms whoever controls the territory to being a global power, but there are a number of other outcomes that shape what that power will be like. The first and most critical is the impact of that geography on the American mindset.

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By Robert S. Finnegan

This e-mail outlines and confirms the acts of espionage against Indonesia and Indonesians by Akiko Makino and the others involved both in Kobe University and in AI Lab at University of Airlangga, Surabaya; Bahasa Indonesia original follows English translation...

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UPDATED 01/07/2015 : New Analysis Challenges Tamiflu Efficacy; Hong Kong Corona Virus Outbreak

UPDATED 01/07/2015 : FOX NEWS CORPORATE PHARMA SHILL MEGAN KELLY AND FOX NEWS QUACK DOCTOR NOW PUSHING TAMIFLU FOR PREGNANT WOMEN AND CHILDREN;

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THE 5TH ESTATE UNEQUIVOCALLY WARNS THE PUBLIC NOT TO TAKE OR GIVE THIS PROVEN DANGEROUS, INEFFECTIVE DRUG TO ANYONE

Obama criminals now resulting to biowarfare in quest to destroy Chinese and ASEAN economy; "novel virus substrain" points directly to a Kawaoka / Fouchier / Ernala-Ginting Kobe lab virus weaponized and genetically altered to specifically target and infect the Asian population: Ribavirin...

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The 5th Estate has just purchased a library on H5N1 "Novel" virus pandemics, there are dozens of PDF and Exel documents we feel will assist you in saving lives following intentional releases of the H5N1 and now MERS viruses; we will begin by printing those that appear to be extremely relevant here: H5N1 Kobe-Kawaoka-Ernala series continues soon with more "Smoking Gun" e-mails from Teridah Ernala to The 5th Estate . . .

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By Robert S. Finnegan

On October 12, 2002 the Indonesian island of Bali experienced a terrorist attack that rocked the world. It was unquestionably well-coordinated and executed, the largest in the country's history.

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