U.N. Official Admits Global Warming Agenda Is Really About Destroying Capitalism

All of these movements seem to have a hidden agenda that the press helps to misrepresent all the time

Ron Paul: A Trap Has Been Set for the US and Our Economy Will Collapse on Trump’s Watch

Ron Paul feared a Clinton presidency more than anything else. But He also knows that a planned depression awaits Donald Trump

My wife’s late Uncle Bobby fought in World War II. at one Christmas gathering, Bobby told me how his unit entered a town and encountered only minimal resistance. He said he had a bad feeling, the advance, which was anticipated to meet with heavy resistance was just too easy. Bobby was correct, when his recon patrol reach the center of the town, the Germans came at them with everything they had and the Americans were trapped. It was just too easy, the Americans took the bait and they suffered 50% casualties.The moral of the story is that if something looks too easy, it is.

This is precisely what has happened with President Trump taking power. I thought Clinton would fight with everything she had at her disposal in the recount scam led by Jill Stein. I thought that more electoral voters would be bribed by representatives of George Soros and the election would be thrown into a Constitutional crisis. That didn’t happen either. This kind of capitulation is out of character for the globalists. Why would they give up so easily? Just like Uncle Bobby, a trap has been set for the American people.

Ron Paul’s Warning

Ron Paul recently said that an economic collapse has been planned and it was designed to coincide with Trump’s presidency.In other words, we have walked into a trap.  Dr. Paul feels that the collapse willl take place within the next 18-24 months. Personally, I  believe this will be much sooner.

From The Free Thought Project on comments made about Ron Paul statements made 3 days ago:

“The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future,” Paul stated. Going so far as to intimate the financial collapse will occur at least some time in the next two years Paul wrote, “It’s unavoidable, and even Donald Trump can’t stop it.”

Paul said Trump will be the patsy for the supposed impending financial ruin. Just like everyone blamed Obama for the financial collapse in 2009, this time, “Trump will unfairly get the blame,” the former Texas representative wrote. Paul bases his comments on reports he says he’s read which concludes that within the next 18-24 months, the collapse will happen.”

Many are echoing what Ron Paul is sayng here. How did this happen?

I contend that this was trap set by the globlists.  I will explore this in more detail in Part Two. In the meantime, I know with the enormous amount of new people who have awakened to the real state that America is in, it is time to explain what is at the root of it all. The failure of the Petrodollar will lead to World War III. From the globalists perspective, America must first be destablized (e.g. CALEXIT, planned George Soros funded riots, eventual economic collapse etc)  to the point where war is the only option. The globalists desperately want war because it will help them usher in their one-world government and one-world economy. Further, as many of them have previously stated, the globalists want to reduce the population by 90%  and what better way to accomplish that goal  than by having a world war.

Some are no doubt wondering what is the Petrodollar? Here is a brief explanation.

           The Petrodollar Replaced the Gold Standard

The United States has debt, crushing debt, which makes the former Weimar Republic look solvent by comparison. Unfortunately, the United States abandoned the gold standard a long time ago.  What then keeps our economy from degenerating into a trading and bartering society resulting from a collapsed dollar?

The United States’ good economic fortune is due solely to the fact that world must use the dollar, the Petrodollar if you will, in order to make their nation’s individual oil purchases and this provides the only source of backing for the U.S. dollar that the Federal Reserve requires in order to somewhat sustain our back breaking debt that the banker occupied United States government has passed along to the American taxpayer in the form of bailouts. Despite the economic pain associated with the enormous debt caused by the Wall Street contrived Ponzi schemes associated with the now infamous derivatives, America’s economy has proven to be very resilient. However, if the artificial global dollar demand, made possible by the Petrodollar system, were ever to crumble, our days of economic dominance would abruptly end and the resulting economic chaos would be followed by the need to impose martial law on a starving public. Again, tens of millions of Americans will die in this scenario. Further desperate and out of money, WWIII looms in the future.

The following clip explains why we attacked Iraq and Libya and how this fits into to today’s Petrodollar crisis. The invasion of Syria is underway. Iran is next.

 

Challenging the Petrodollar and the Roots For WWIII

Unfortunately for every man, woman and child in America, that day of economic reckoning is quickly approaching. China has been, for sometime, been buying Iranian oil in gold. India has followed suit, as have the Russians. The days of the Petrodollar are numbered and therefore, so is the only source of backing of our dollar. Have you and your family prepared for the collapse of the dollar and ultimately the collapse of society?

Like most Americans who have awakened from their slumber, I came to realize that the Federal Reserve Board is responsible for most of the evil perpetrated in the world and I personally loathe the organization. It is hard not to cheer the fact that the days of Federal Reserve Board dominance may be coming to an abrupt end. Yet, I would advise against popping the corks on the champagne bottles because, like it or not, America’s economic fortunes are tied to the health of the dollar and our precious dollar has come down with a terminal economic case of the Asian flu. If the Federal Reserve crashes and burns, so will everything that you have ever worked for. If the Federal Reserve collapses over this impending crisis, the resulting economic holocaust will make the United States unrecognizable within a very short time and your personal fortunes will come to an abrupt end.The Federal Reserve is preparing to install feudalism following the currency collapse. How would you like to rent your own house from the bankers that are preparing to steal it from you?  This is exactly what  has been set into motion.

If you didn’t hear, almost four years ago, the Seventh Circuit Court of Appeals made it legal for the banks to steal your deposits. This is something that I have covered before. I will be reviewing this for our new readers in an upcoming update on this topic.

Surely, there must be something that can be done to avert this coming train wreck? Can’t the United States simply employ economic sanctions and force Iran to its knees and ? Without the cooperation of Russia, China and India, economic sanctions and an oil embargo will not be effective and subsequently, the United States cannot force Iranians back to the negotiating table over the oil issue.

Dr. Paul is correct, the dollar is done and is living on borrowed time. Billionaires in the Silicon Valley know this aswell as 50% of them have constructed underground hideaways. What do they know that you don’t?

Conclusion

I have thrown a lot of dots up on the wall and the connections are still somewhat loose. However, in Part Two, they will all be connected.  Part One has introduced you to all the players. Suffice it for today, to state that the globalists have had a Plan B all along and just Uncle Bobby, we have walked into their trap.

Over 300 Sanctuary Cities Are Costing State and Local Taxpayers over $7,000,000,000 Annually

In March 2007, authorities found $205 million dollars in Chinese-Mexican businessman Zhenli Ye Gon's Mexico City home

Tom Tancredo

President Trump this week signed an executive order declaring war on so-called sanctuary cities. Agencies within the United States Government will begin withholding federal grant funds from those cities, and additional actions to enforce federal immigration law will be taken soon.

Unlike Obama, President Trump is not trying to making new laws by executive decree. In his Executive Order, the president is only reminding mayors and governors of existing federal law dating to 1996:

U.S. Code › Title 8 › Chapter 12 › Subchapter II › Part IX › § 1373
8 U.S. Code § 1373 – Communication between government agencies and the Immigration and Naturalization Service:

Notwithstanding any other provision of Federal, State, or local law, a Federal, State, or local government entity or official may not prohibit, or in any way restrict, any government entity or official from sending to, or receiving from, the Immigration and Naturalization Service information regarding the citizenship or immigration status, lawful or unlawful, of any individual.
(b) Additional authority of government entitiesNotwithstanding any other provision of Federal, State, or local law, no person or agency may prohibit, or in any way restrict, a Federal, State, or local government entity from doing any of the following with respect to information regarding the immigration status, lawful or unlawful, of any individual:
(1) Sending such information to, or requesting or receiving such information from, the Immigration and Naturalization Service.
(2) Maintaining such information.
(3) Exchanging such information with any other Federal, State, or local government entity.
(c) Obligation to respond to inquiries
The Immigration and Naturalization Service shall respond to an inquiry by a Federal, State, or local government agency, seeking to verify or ascertain the citizenship or immigration status of any individual within the jurisdiction of the agency for any purpose authorized by law, by providing the requested verification or status information.
(Pub. L. 104–208, div. C, title VI, § 642, Sept. 30, 1996, 110 Stat. 3009–707.

The president’s executive order is not only good news for law enforcement, it is also a good civics lesson for some mayors and even some members of Congress.

  • The mayor of Denver last week said in the same breath that Denver is not a sanctuary city but it will continue to defy federal immigration law.
  • Congressman Michael Coffman, whose district office is located in Aurora, Colorado, made an announcement after the mayor of Aurora similarly disclaimed the label “Sanctuary City” while affirming, sanctuary policies, Representative Coffman said he will propose a bill in Congress defining a sanctuary city as ONLY cities which call themselves sanctuary cities.
  • Is it any wonder citizens are confused when politicians go to such lengths to obfuscate the issue?

The Trump executive order is also good news for taxpayers. Sanctuary cities impose a huge, billion cost to taxpayers that has been hidden from public view and shielded from political accountability.

  • That annual taxpayer burden amounts to over $14 Billion nationally, over $1 billion in California and Texas and over $100 million annually in over a dozen states.

This will be news to you because those annual taxpayer costs are hidden from public scrutiny — by Congress, by state legislatures, and by local officials. Sanctuary city policies have a high cost not only in allowing criminal aliens to roam free on our streets, they also impose a huge burden on taxpayers.

How can we estimate those taxpayers costs? There is a wealth of data hidden in the annual reports on the federal State Criminal Alien Assistance Program (SCAAP) published by the US Department of Justice and each state department of corrections that chooses to apply for reimbursement grants under that program. Over 2,000 local county sheriffs also get federal reimbursement grants under that federal program.

The taxpayer costs revealed by those annual reports are mind-boggling. States and local communities are being reimbursed at less than three cents on the dollar of the true costs for criminal alien incarceration, but politicians are hiding that fact from the nation’s taxpayers.

In my home state of Colorado, the 2016 SCAAP report by the state Department of Corrections revealed that state prison system was holding 2,039 criminal aliens at a cost of $37,958 per inmate. That is a total cost of $77,396,362. The federal reimbursement grant was $2,077, 720. That is a grant of 2.7 cents for every dollar of actual cost. Those 2,039 criminal alien inmates were 14% of all state prison inmates: One in every seven felons in the state prison system is a criminal alien.

What are the comparable numbers for your state? You can discover the SCAAP grant amounts for each state prison system and the local county jails applying for federal reimbursement at this website.

The federal SCAAP grant program was established by Congress as an acknowledgment of federal responsibility for a failed border security and failed federal enforcement of immigration laws. But the appropriated amount for reimbursing local communities their incarceration costs through SCAAP grants has NEVER been adequate for full cost reimbursement. In 2016, the federal reimbursement program was given a paltry $189 million.

  • At 2.7 cents on the dollar, that amount would not reimburse the full costs of even one of the five states having over 10,000 criminal aliens in the state’s jails and prisons and receiving over $6 million in SCAAP grants– California, New York, Texas, Florida, and Arizona.
  • That $189 million would be $7 BILLION annually if the federal government wanted to reimburse states and local communities the full cost of incarcerating over 200,000 criminal aliens

To most Americans, these hidden taxpayer costs are not the most important reason for opposing sanctuary city policies. The real cost is not in taxpayer dollars but in the hundreds of thousands of crimes committed by individuals who should not be here in the first place. If we had secure borders and effective enforcement of all immigration, these criminal alien incarceration numbers would be very small.

Yet, the fact that local governments hide these cost figures is symptomatic of the deeper problem. Too many local officials want all the political benefits of claiming to be the protector of “our immigrant community” while hiding the costs of protecting criminal aliens. Does your local sheriff publish the incarceration costs for criminal alien inmates in your local jail. Does he ever acknowledge the number of criminal aliens released from jail annually who are NOT turned over to federal immigration authorities because of local sanctuary policies? Does anyone on your local city council ever ask those questions?

Some local politicians also use a phony “states rights” argument for resisting federal enforcement of immigration law. This is a phony argument because there is a long string of Supreme Court decisions, most recently the 2012 Arizona v. United States ruling by Justice Kennedy, saying that the Constitution in Article VI gives the federal government preemptive authority over immigration law. States cannot “opt-out’ of federal immigration law, and neither can cities or counties– or universities or private religious organizations.

While public attention has been focused on the non-enforcement policies of the Obama administration, the truth is, even without official sanctuary policies established by mayors of local government, too many local sheriffs and police chiefs have been hiding behind an alleged “fear of liability” in not honoring the Detainer requests made by federal law enforcement, namely the Immigration and Customs Enforcement agency– known as ICE.

  • Based only on one federal district court decision in 2014 in Clackamas County, Oregon, sheriffs across the country have been intimidated into rejecting ICE detainers by the mere threat of lawsuits by ACLU and sanctuary advocates.
  • The fact is, ICE has revised its Detainer form to meet the constitutional standards for Probable Cause and thus render that district court ruling moot.

ICE detainers are fully legal and should be — indeed, MUST be– honored by local law enforcement agencies. Local sheriffs and police chiefs have no constitutional basis for refusing to honor ICE detainers.

Citizens should hold local officials accountable when they refuse to obey the law. The Trump administration is making it clear that federal sanctions will be imposed — including the withholding of federal funds — from cities which want to disobey the law. But local citizens need not remain silent in this battle.

Editor’s note: This article has been updated to note the figure for the cost to Colorado is $37,958 rather than $27,958.

They Are Coming For Your Cash! Currency Bans Are Sweeping The Globe

(THOMAS DISHAW) The war on cash is a war on your freedom, and its beginning to happen everywhere. If Governments around the world are able to ‘trash cash’ they will be able to monitor and predict your every move just like Amazon predicts your next purchase.

Greedy Governments continue to tell us a cash ban is needed to stop the terrorists, while they are the ones funding the terrorists.

Governments tell us the cash ban is to stop tax dodgers, when some of the biggest tax offenders are the ruling class.

Governments tell us a cash ban will kill the black market, when they are the ones who control the black market.

I’m sure you see the pattern….Its all so Orwellian.

And unfortunately it’s getting worse. Countries like Australia are getting more aggressive and calling for the $100 bill to banned. Economist Joseph Stiglitz is pushing the US to abandon cash as well, ignoring the fact that India’s currency ban has caused its economy to all but completely crash.

If the implications of a cashless society don’t concern you just take a moment to think about what would happen in a grid down situation, which would mean that we don’t have access to our finances and we cant purchase basic goods.  There is also the access that the Government now has of your purchases, meaning now they can easily tap into what books you read, the church you give to and the guns you purchase.

Should you still not be convinced at how quickly the transformation is taking place, look no further than the following list of countries that are at the forefront of banning cash.

Sweden leads the race to become cashless society

“I don’t use cash any more, for anything,” said Louise Henriksson, 26, a teaching assistant. “You just don’t need it. Shops don’t want it; lots of banks don’t even have it. Even for a candy bar or a paper, you use a card or phone.”

Swedish buses have not taken cash for years, it is impossible to buy a ticket on the Stockholm metro with cash, retailers are legally entitled to refuse coins and notes, and street vendors – and even churches – increasingly prefer card or phone payments.

According to central bank the Riksbank, cash transactions made up barely 2% of the value of all payments made in Sweden last year – a figure some see dropping to 0.5% by 2020. In shops, cash is now used for barely 20% of transactions, half the number five years ago, and way below the global average of 75%.

And astonishingly, about 900 of Sweden’s 1,600 bank branches no longer keep cash on hand or take cash deposits – and many, especially in rural areas, no longer have ATMs. Circulation of Swedish krona has fallen from around 106bn in 2009 to 80bn last year.

“I think, in practice, Sweden will pretty much be a cashless society within about five years,” said Niklas Arvidsson, an associate professor specialising in payment systems innovation at Stockholm’s Royal Institute of Technology (KTH).

Norway’s Biggest Bank Calls For Country To Stop Using Cash

The largest bank in Norway has called for the country to stop using cash, the Local reported Friday. This comes as the latest move in a country that has been leading the global charge toward electronic money in recent years, with several banks already not offering cash in their branch offices and some industries seeking to cut back on paper currency.

DNB, the bank with the proposal, has said eliminating the use of cash would cut down on black market sales and crimes such as money laundering.

“There are so many dangers and disadvantages associated with cash, we have concluded that it should be phased out,” he added.

The country has already moved in this direction naturally. Bentestuen estimated that about 6 percent of Norwegians use cash on a daily basis, with the numbers higher among elderly people.

Denmark is set to become the first country in the world to make cash payments obsolete

DENMARK is on track to become the world’s first cashless nation, with its government pushing to free some stores, restaurants and petrol stations from accepting cash payments.

The proposal to scrap cash transactions is part of a package of cost-saving measures being introduced ahead of the Danish election in September, the Independent reports.

It is understood the government is hoping to get rid of the option to pay by cash by as early as 2016.

Nearly a third of all Danish citizen prefer to use Danske Bank’s official app,MobilePay, to pay for services and transactions, and it is expected that the proposal will be met with little opposition.

Cash May No Longer Be Needed in Finland

Financial experts from the Bank of Finland suggested that banknotes could be phased out by 2030. Technological advancements surrounding mobile payments and the need for convenient banking services are largely responsible for this feasible prediction.

Kari Takala, senior advisor at the Bank of Finland’s Currency Department, said, “Many see cash as a backup system. It’s quick and convenient to use. In the future we’ll have to see how quickly mobile payment methods replace cash.”

Greece Unleashes ‘Soft’ Cash Ban

The spread of global cash bans continues with Greece unveiling their so-called ‘soft’ approach by which taxpayers will only be granted tax-allowances or deductions when payments are made via credit or debit cards. AsKeepTalkingGreeece reports, the new guidelines refer to employees, pensioners, farmers, and also the unemployed.

Indian Economy Grinds To A Halt After Cash-Ban: “Faith In System Shaken”

Amid scenes of panic across India, following PM Modi’s shock decision to withdraw high-value bills in the middle of the sowing and wedding season, Reuters reports the move, aimed at cracking down on the shadow economy, has brought India’s cash economy to a virtual standstill. With over 90% of all transactions done in cash, money flows in and out of the black-and-white system… until now, as Devangshu Datta exclaims, “The system works because everybody believes that those pieces of paper will be accepted by everybody else… This move has shaken that trust.”

Farmers have been left stranded as traders have no cash to pay for their produce, while millions of Indians lined up outside banks and post offices for the ninth day to exchange old banknotes or withdraw rationed money from their accounts.

Venezuela Follows India’s Example and Voids Half of Its Cash

Venezuela is taking nearly half the country’s bank notes out of circulation beginning Wednesday, threatening to ruin the holidays season for Venezuelans already suffering from dire cash shortages, hyperinflation and an economic meltdown.

The country’s largest bill, worth 100 bolivars or just 3 U.S. cents on the black market, is to become illegal, in a move designed to combat contraband along Venezuela’s borders, the government said.

President Nicolás Maduro said outlawing the notes would destroy what he claims are Colombian smuggling mafias that hoard bolivars to buy price-controlled food and gasoline in Venezuela, which is then resold at a markup. Mr. Maduro said Monday night he was closing the Colombian border until Thursday night to prevent stacks of bolivars from making it back to the country.

Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note

It was just two days ago that Bloomberg implored officials to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”

You probably never thought of your cash that way, but increasingly, authorities and the powers that be seem determined to lay the groundwork for the abolition of what Bloomberg calls “antiquated” physical money.

We’ve documented the cash ban calls on a number of occasions including, most recently, those that emanatedfrom DNB, Norway’s largest bank where executive Trond Bentestuen said that although “there is approximately 50 billion kroner in circulation, the Norges Bank can only account for 40 percent of its use.”

That, Bentestuen figures, “means that 60 percent of money usage is outside of any control.” “We believe,” he continues, “that is due to under-the-table money and laundering.”

DNB goes on to say that after identifying “many dangers and disadvantages” associated with cash, the bank has “concluded that it should be phased out.”

Uruguay bans all cash payments over US$5,000 as of next year

Uruguay yesterday sanctioned its Financial Inclusion Law, which will ban cash payments worth more than US$5,000 as of May 1 next year. Property transactions and car purchases will thus have to be made through banking mechanisms.

The measure will affect thousands of Argentines who have snapped up properties across the River Plate, primarily in the summer-favourite destination of Punta del Este.

According to Uruguayan daily El País, if a property is bought with funds located in another country, deeds will have to include details on how the transaction was made, including account numbers and the names of the buyer and the bank where the funds came from.

The recipients of income from rent contracts already in place before May 1 of 2015 will have to declare a bank account to which the funds should be deposited.

Management firms,’ lawyers’ and notaries’ fees as well as the commissions of real estate agencies will also have to be made electronically should they exceed the US$5,000 limit.

In addition, all taxes will have to be paid electronically, regardless of the sum that is owed.

The Solution To Argentina’s Banking Problems Is To Go Cashless

There is no way back for Argentinian people to trust their own currency. Several governments have used the “Peso/Dollar” exchange to dig into people’s savings, reward their friends and limit the freedom of citizens to use other currencies.

Short of Dollarizing the economy again, the only solution for the country is going cashless. People are desperate, and they’re looking for alternatives such as mobile payments, Amazon gift cards and Bitcoin to store their savings away from government control. A digital currency could help curb black market exchanges, fight corruption and restore the country’s image.

$100 note to be scrapped? Australia to crack down on cash payments

Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”.

Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax.

Monday’s midyear budget update will include the appointment of former KPMG global chairman Michael Andrew to oversee a black economy taskforce. The black economy accounts for 1.5 per cent of GDP, given many cash payments are untaxed.

Ms O’Dwyer told the ABC not only is the lost revenue owed to the Australian people for schools and hospitals, but it’s also critical for those who do the right thing and pay tax.

“The whole point of this crackdown on the black economy is to make sure we close down any potential loopholes,” she said. Despite the broad use of electronic forms of payment, Ms O’Dwyer warned there are three times as many $100 notes in circulation than $5 notes.

Belgium bans cash transactions

Several of Saturday morning’s newspapers report that the legal limit for payments in cash is to be reduced from 15,000 to 5,000 Euro. The new measures are intended to help in the battle against money laundering. The Federal Secretary of State responsible for tackling fraud John Crombez (Flemish socialist) told journalists that “There is evidence that payment by bank transfer reduces the risk of fraud”.

Within the next few years, the maximum limit for cash payments will be further reduced. Mr Crombez hopes that by the end of the current legislature the limit will stand at 3,000 Euro.

The government is to adopt a phased approach to reducing the limit, as it wants to ensure that it will be respected.

“As far as I’m concerned, if we are successful in ensuring the limit is respected, it can be reduced still further in the future, as has been the case in some other countries.”

Canada pushing toward a cashless society with a 70 per cent drop in cash transactions by 2030

By 2030, cash purchases will make up only 10 per cent of money spent in Canada, according to a prediction by Moneris Solutions Corporation (“Moneris”), Canada’s leading credit and debit card processor. Compared to 35 per cent of overall transactions in 20141, the 70 per cent decline will coincide with an increase in the use of digital payment technologies, especially among younger Canadians. Consumer misconceptions about (1) the security of mobile wallets and (2) the ability of mobile wallets to digitally store physical wallet contents (including plastic loyalty cards and receipts), are among the factors slowing the transition.

China’s race to become a cashless society

Although China still has some way to go before it catches up with countries such as the US and Sweden, the speed at which China has made the shift from cash towards cashless has surprised many. Non-cash payments have been growing by around 40 per cent a year and last year China moved into 4th place in the world for non-cash payments after the US, Europe and Brazil.

There are many reasons for China’s rapid transition away from cash. One is urbanisation, as non-cash payments are becoming both easy and popular. This is especially the case in top-tier cities such as Shanghai, Shenzhen and Beijing where it is both trendy and convenient to pay without using cash.

There is a huge variety of choices when it comes to making cashless payments and China UnionPay has definitely helped to encourage this, particularly in the case of debit cards, which outnumber credit cards in China by 10 to one. China has more than 4 billion cards on issue – almost enough for each adult to have about three each.

Mobile payments have also taken off in China – it has the largest proportion of people in the world using their mobile phones to make payments, online and physically.

The Chinese government is also pushing China towards a cashless society. As in Thailand the authorities are keen to encourage the use of non-cash payments as it will reduce the cost of printing, circulating and handling banknotes, and help in the battle against tax evasion and corruption, as well as other illegal activities.

In order to accelerate the use of non-cash payments, the Chinese government has increased the availability of point-of-sale machines and opened up the domestic card-payments market to competition. Competition is intense, as pre-paid cards and electronic wallets such as Wechat, Mi Wallet and Alipay have become extremely popular, especially with young people. I have been using one of these electronic wallets to pay for my shopping at the bakery and convenience store for a few months now.

Ecuador becomes the first country to roll out its own digital cash

In 2000, Ecuador moved to ditch its stumbling currency for the U.S. dollar. Now more than 15 years later, the South American country is revamping its monetary system again—using digital currencies.

Ecuador’s Sistema de Dinero Electrónico (electronic money system) kicked off in December by allowing qualifying users to set up accounts, and it will begin acting as a real means of transaction this month.

Once the government flips the switch, the South American nation of 16 million will host the first-ever state-run electronic payment system. (Other countries, such as Sweden, use digital currencies widely, but they’re not state-sponsored.) But the Ecuadorean government says the scheme is designed to support its dollar-based monetary system, not replace it.

France To Prohibit Cash Payments Over €1,000

France becomes the latest as Prime Minister Jean-Marc Ayrault plans to erect new controls on cash transactions in order to tighten up tax collection and meet the country’s optimistic budget deficit target of 3% of GDP. The government needs euros and they need some fast.

In the government plan labeled “Fight against fraud,” France’s fiscal residents would see the cash transaction limit decrease from €3,000 to €1,000 per purchase. However, in a nod to the exiled wealthy and what Wolf Richter calls the “Depardieu exception,” those fiscal residents of a country other than France would have their cash transaction limits reduced from €15,000 to €10,000 per purchase. Legislative measures could be finalized by the end of 2013.

Why Hong Kong going cashless is no small change

Hong Kong was one of the first places in the world with a cashless payment system when it ­introduced the Octopus card in 1997, but since then e-payment options have mushroomed globally. And despite the city granting 13 ­licences for stored-value ­e-payment services, uptake has been slow.

Hong Kong prides itself on being up to date with the latest technology, and the ­government likes to call it a “smart city”, but to really embrace that concept, many believe ­Hongkongers must abandon the idea that cash is king and join the global trend towards electronic payments.

Take Larry Salibra, a tech-savvy shopper, for example. He is frustrated that he is forced to carry cash whenever he is commuting around Hong Kong, even though at least a ­dozen e-payment options are available.

Bank Of Ireland Bans “Small” Cash Withdrawals At Branches

Now, in what should be a wake up call to the world, Bank of Ireland has banned branch withdrawals of less than €700. 

Seriously.

Here’s The Irish Times explaining that tellers will still assist the “elderly” if they have trouble using automated methods of obtaining cash:

Under new rules, designed to streamline in-branch services, Bank of Ireland said withdrawals of less than €700 will no longer be facilitated with the assistance of tellers.

From mid-November, customers will have to use ATMs or mobile devices for small and modest-sized withdrawals.

Lodgements of up to €3,000 and those involving less than 15 cheques will also have to use the bank’s dedicated lodgement ATMs.

“Bank of Ireland understands these changes may be a new way of banking for some of our customers, and the branch teams will be available to help and guide them through this change,” the bank said in a statement.

So, if you are, i) wanting less than €700, ii) have less than 15 checks to deposit, or iii) aren’t looking to put at least €3,000 into your account, you are no longer welcome inside Bank of Ireland branches.

Israel Eyes Becoming a Cashless Society 

A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase plan to all but do away with cash transactions in Israel.

The motivation for examining a cash-less economy is combatting money laundering and other tax-evasion tactics, thereby maximizing potential tax collection and greatly expanding the tax base. This is important considering the enormous strain put on Israel’s national budget by the army, healthcare system and other public services.

The committee estimated that the black market represents over 20 percent of Israel’s GDP, and cash is the facilitating factor. Cash enables tax evasion, money laundering and even financing terrorism.

Large Cash Transactions Banned In Mexico

Outgoing Mexican President Felipe Calderon has signed into law a ban on large cash transactions. The ban will take effect in about 90 days and it is part of a broader effort to control monetary flows within the country.

Under the law, a Specialized Unit in Financial Analysis operating within the Attorney General’s Office will be created to investigate financial operations “that are related to resources of unknown origin.”

For real estate transactions, cash payments of more than a half million pesos ($38,750) will be forbidden and, for automobiles or items like jewelry, art, and lottery tickets, cash payments of more than 200,000 pesos ($15,500) will be forbidden. The law carries a minimum penalty of five years in prison.

In 2010, Mexico instituted strict limits on foreign exchange cash transactions to $1,500 per person per month, which caused several cash dollar exchanges to withdraw from the business and had the effect of penalizing tourists.

SPAIN: Cash BANS above $1,000 euros are now in effect

The government is working on a decree law that includes a series of means of fighting against fraud, among which include limiting cash payment of 1,000 euros instead of the current 2,500 . The intention of the Executive is to approve this measure in the Council of Ministers next Friday, although the Ministry of Finance says that this point is not yet closed and could be delayed somewhat more in time, and with it is intended to deter and curb fraud Which are discussed through VAT as well as the submerged economy.

UK Scrap money and go digital, says Bank of England

Andy Haldane has proposed that Britain should abandon our centuries-old system and opt for a government-backed digital currency.

The Bank of England’s radical thinker argues such a move would give the bank new flexibility in the event of another economic downturn.

Mr Haldane said negative interests could be necessary to protect the UK economy and would help the Bank of England fight off the next recession.

He added that a switch to digital would help the bank to manage inflation by enabling it to bypass the current constraint against lowering rates below zero.

Davos Elites Call For a Ban on Physical Cash… in the US

Roughly two weeks ago, when writing about the cash ban in India, I stated:

If you think the Elites aren’t watching this unfold with sheer delight you’re mistaken. Globally a war on cash has been declared. And India has now proved that it can be done with little consequence. The fact it INCREASE tax hauls (something every Government on the planet wants) is just icing on the cake.

Fast forward to this week at the Davos Economic Forum in Davos Switzerland, and Nobel Prize winning economist Joseph Stiglitz all but said the exact same thing.

Indian Prime Minister Narendra Modi has already removed 86% of his country’s currency from circulation in an attempt to curb tax evasion, tackle corruption and shut down the shadow economy.

Should the US follow suit?

Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum’s Annual Meeting in Davos…

“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”

Ushering In a Totalitarian Police State in Cashless “Smart Cities”

We have been covering the shortcomings of what is rightly called the War On Cash here at TDV for a while now and have shown just how negative the effects can be on an unsuspecting nation’s people.

Chandigarh, India, which is the capital of the northern Indian states of Punjab and Haryana, is like one of India’s labrats. Indian officials are working hard toward making it into India’s first cashless city.

This initiative is part of the Prime Minister of India’s call for state governments to begin developing what he’s calling “smart” cities.

That means cities attached to the latest internet technology. However there is nothing intelligent about his plan.

One of the major changes being made to work toward that objective was the insistence of having all bills paid electronically at government offices within the city.

Similarly, in Panjim, the capital of Goa, India, the local government is attempting to incentivize the locals into paying digitally by offering them discounts on train tickets and other public transportation services if they pay electronically.

This is an extension of the ongoing cash battle which has been going on in India since November when Modi announced he was going to replace the 500 and 1000 rupee banknotes. However the government has not started replacements, only ensured the removal.

What followed the eradication of India’s largest denomination notes was a constricted Indian economy, particularly among the middle and lower classes who rely predominantly on cash transactions to conduct daily business.

There are a myriad of problems associated with this. Many street vendors, rickshaw drivers, and other small time merchants cannot afford the card readers necessary to conduct the transactions electronically.

In some cases the consequences have been starvation, suicide, and the inability to pay for medical expenses because of lack of access to funds or because of how difficult it is to exchange the 500 and 1000 rupee notes for lower denomination bills.

Also in Europe, in places like London, many stores and restaurants have stopped accepting notes or coins for payment and only allow their customers to pay with plastic.

It’s becoming common for Londoners to treat people using cash as second class citizens. In other words, it is becoming unfashionable to pay with cash according to the status quo.

The same is true for the people of Sweden, particularly in the cities of Stockholm and Gothenburg. Which is ironic considering that in 1661, the Scandinavian monarchy became the first country in the world to issue paper currency.

In Sweden this had forced people into storing their cash in bank accounts that come with negative interest rates – yes, the banks are charging them to save their money rather than rewarding them with positive yielding interest.

In Amsterdam, the homeless, many of whom survive by selling magazines, are increasingly hard pressed to find people willing to pay in cash as well. The problem is that even if the homeless had cheap cell phones with QR readers – which Amsterdam has talked about helping the homeless community to obtain – they still don’t have the bank accounts necessary to receive the payments.

Then there is Uruguay which doesn’t get much attention, but this small South American country was among the very first to announce it was getting rid of at least some cash transactions. Unlike some other counties, Uruguay’s cash reduction was couched in terms of helping the poor.

Soon the country plans to implement bank accounts for all payroll payments. It is supposedly doing this in order to make sure even the very poorest have bank accounts. In fact, this is not going to do much to help very poor people because they don’t have jobs to begin with. But it sounds good on paper.

All in all, the elimination of cash is being done under the guise of helping to combat terrorism, white collar crime, tax evasion, and criminals from hiding behind untraceable cash transactions.

Of course, the reality is that without cash, governments and banks gain the ability to run economies like totalitarian police states – tracking every transaction and parasitically siphoning wealth via income tax and other forms of taxation.

This is all part of a UN backed, globalist movement towards “smart cities” where people will own nothing and live in small boxes and everything will be transacted digitally via the government.

You can see what they have planned for “smart cities” here:

Basically, if you see the word “smart” in front of something, it means “slave”.

This is precisely why it is increasingly important to keep your assets outside of these jurisdictions and out of the financial system in general in safer alternatives such as precious metals and cryptocurrencies.

During The Coming Economic Crisis Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately

Did you know that almost 70 percent of the U.S. population is essentially living paycheck to paycheck?  As you will see below, a brand new survey has found that 69 percent of all Americans have less than $1,000 in savings.  Of course one of the primary reasons for this is that most of us are absolutely drowning in debt.  In fact, the total amount of household debt in the United States now exceeds 12 trillion dollars.  So many Americans are so busy just trying to pay off their existing debts that they can’t even think about saving anything for the future.  If economic conditions remain relatively stable, the fact that so many of us are living on the edge probably won’t kill us.  But the moment the economy plunges into another 2008-style crisis (or worse), we could be facing a situation where two-thirds of the country is in imminent danger of running out of cash.

If you are living paycheck to paycheck, you live under the constant threat of your life being totally turned upside down if that paycheck ever goes away.  During the last crisis, millions of Americans lost their jobs very rapidly, and because so many of them were living paycheck to paycheck all of a sudden large numbers of people couldn’t pay their mortgages.  As a result, multitudes of American families went through the extremely painful process of foreclosure.

Unfortunately, it appears that we have not learned anything from the last go around.  According to the brand new survey that I mentioned above, 69 percent of all Americans have less than $1,000 in savings…

Last year, GoBankingRates surveyed more than 5,000 Americans only to uncover that 62% of them had less than $1,000 in savings. Last month GoBankingRates again posed the question to Americans of how much they had in their savings account, only this time it asked 7,052 people. The result? Nearly seven in 10 Americans (69%) had less than $1,000 in their savings account.

Breaking the survey data down a bit further, we find that 34% of Americans don’t have a dime in their savings account, while another 35% have less than $1,000. Of the remaining survey-takers, 11% have between $1,000 and $4,999, 4% have between $5,000 and $9,999, and 15% have more than $10,000.

Perhaps the most alarming fact from this survey is that 62 percent of all Americans had less than $1,000 in savings last year.  So that means that this number has gotten 7 percent worse over the last 12 months.

How did that happen?  I thought the mainstream media was telling us that the economy was getting better…

Look, if you don’t have an emergency fund you are in danger of losing everything.  This is a point that I have been making over and over again for years, and in an article about this new survey USA Today made this point very strongly as well…

This data is particularly worrisome since the recommendation is for Americans to have six months in expenses saved in case of an emergency, such as a large medical expense, car repair bill, or losing your job. Without this emergency fund to fall back on, millions of Americans could be risking financial disaster.

As the publisher of The Economic Collapse Blog, people are constantly asking me what they should do to get prepared for what is coming.

The number one thing that I always suggest is to build up an emergency fund.

In a chaotic situation it is always hard to anticipate accurately what is going to happen, but without a doubt we are all going to need to continue to pay our bills and to buy things for our families during the next crisis.

Yes, someday the U.S. dollar will become rather worthless, but until that happens you are going to need to continue to put a roof over the heads of your family and to put food on the table.

And you are going to need money to do those things.

Some time ago, the Federal Reserve also found that a large percentage of Americans are living on the edge of financial disaster.  They discovered that 47 percent of all Americans could not even come up with $400 to pay for an unexpected emergency room visit without borrowing the money or selling something that they own.

If you can’t even come up with $400 you are really hurting, but that is the status of about half the country these days.

We are continually being told that the economy is strong, but that is simply not the truth.

In fact, it turns out that the period from 2005 to 2015 was the worst period for per capita real GDP growth in modern American history.  The following comes from Zero Hedge

  1. Growth was unusually strong in the 1960s and early 1970s. In every year from 1966 through 1973, per-capita income was up between 30 percent and 40 percent from a decade earlier. Thus, it’s not surprising that many Americans recall this as a great period for the nation’s economy.
  2. In every year from 1984 to 2007 — a period that economists call the Great Moderation, because of the way both growth and interest rates stabilized — per-person income was up between 20 percent and 30 percent from a decade earlier. That’s ample reason for Americans to view this as a good period for the economy.
  3. Cumulative per-person growth from 2005 to 2015 was lower than in any prior decade in the sample. That certainly helps explain why many Americans are unhappy with the nation’s recent economic performance.

And as I repeat over and over, Barack Obama is on track to be the one and only president in all of American history to never have a single year when the economy grew by at least 3 percent, and he has had eight years to try to accomplish that feat.

Why doesn’t Donald Trump ever bring up that amazing fact?  I would think that he could get a lot of mileage out of that number.

At this point, nobody can deny that the middle class is shrinking.  61 percent of all Americans lived in middle class households in 1971, but now the middle class makes up a minority of the population for the very first time in our history.

Back in 1970, the middle class brought home approximately 62 percent of all income, but today that figure has plummeted to just 43 percent.

Those that are still doing well often dismiss those that are struggling by barking out such phrases as “get a job”, but the truth is that getting a good job is not so easy these days.

The most recent statistics show that there are 7.9 million Americans that are considered to be officially unemployed.  When you add that number to the 94.1 million working age Americans that are considered to be “not in the labor force”, you get a grand total of 102 million working age Americans that do not have a job right now.

And just because you do have a job does not mean that everything is okay.  As I have discussed previously, 51 percent of all U.S. workers make less than $30,000 a year according to the Social Security Administration.

Everywhere you look things seem to be getting worse and not better.  Not too long ago I documented the explosion of tent cities all over the country as poverty continues to rise, and I discussed how one study found that some young women in our impoverished inner cities are so desperate that they are actually trading sex for food.

Sadly, it isn’t just a few hard cases that we are talking about.  Even in areas of the country that are supposed to be “doing well” we are seeing record-setting poverty numbers.  For example, it was recently reported that the number of New Yorkers sleeping in homeless shelters just set a brand new all-time high, and the number of New York families permanently living in homeless shelters is up 60 percent over the past five years.

If things are this bad during an “economic recovery”, what are they going to look like once the economy really starts imploding?

And considering the fact that almost 70 percent of the population has virtually no savings, could our nation handle an extended economic downturn that may be even worse than what we experienced in 2008 and 2009?

As a nation we truly are living on the edge, and it isn’t going to take very much at all to push us into oblivion.

The Lost Ways is a comprehensive book that teaches you a variety of ways that our forefathers used to deal with different situations. The program teaches you survival mechanisms that does not require money. The fact is that the modern survival equipment is unreliable and ineffective. In fact with the techniques in this book, you can survive solely in a catastrophe that kills everybody.

 

Economic Collapse Next? The Globalists and Elitists at The World Economic Forum Claim Capitalism Needs Urgent Reform

Nate Brown

A week ahead of the World Economic Forum’s (WEF) annual meeting, Davos 2017, the globalists and elitists released their flagship annual report for 2017, which paints the reformation of capitalism as the most important topic.

 

 

The globalists claim that reforming the very nature of capitalism will be needed to combat the rise of populism and nationalism. Following the global financial crisis, the report highlights the massive inequality gap in growth in developed countries. It also mentions that over the next several years technology could cause a catastrophic social change due to automation entirely wiping out jobs.

 

“This points to the need for reviving economic growth, but the growing mood of anti-establishment populism suggests we may have passed the stage where this alone would remedy fractures in society: reforming market capitalism must also be added to the agenda,” it said in its latest Global Risks Report.

 

 

“The combination of economic inequality and political polarization threatens to amplify global risks, fraying the social solidarity on which the legitimacy of our economic and political systems rests,” it added.

 

 

As well as growth the WEF identified four areas that need to be urgently addressed: the need for long-term thinking in capitalism; a recognition of the importance of identity and inclusiveness in political communities; mitigating the risks and exploiting the opportunities of new technologies such as driverless cars and strengthening global cooperation.

 

The WEF added that a failure to rectify the underlying sources of the populist tide poses a threat to mainstream politicians and raises the risk that the globalization trend will go into reverse.

 

Historically, when globalization goes into reverse or in other words collapses; the economy does too. Looking through the history of the years before World War One, a similarity emerges. The following is from a report posted in 2005.

 

From around 1870 until World War I, the world economy thrived in ways that look familiar today. The mobility of commodities, capital, and labor reached record levels; the sea-lanes and telegraphs across the Atlantic had never been busier, as capital and migrants traveled west and raw materials and manufactures traveled east. In relation to output, exports of both merchandise and capital reached volumes not seen again until the 1980s. Total emigration from Europe between 1880 and 1910 was in excess of 25 million. People spoke euphorically of “the annihilation of distance.”

Then, between 1914 and 1918, a horrendous war stopped all ofthis, sinking globalization. Nearly 13 million tons of shipping were sent to the bottom of the ocean by German submarine attacks. International trade, investment, and migration all collapsed. Moreover, the attempt to resuscitate the world economy after the war’s end failed. The global economy effectively disintegrated with the onset of the Great Depression and, after that, with an even bigger world war, in which astonishingly high proportions of production went toward perpetrating destruction.

It may seem excessively pessimistic to worry that this scenario could somehow repeat itself—that our age of globalization could collapse just as our grandparents’ did. But it is worth bearing in mind that, despite numerous warnings issued in the early twentieth century about the catastrophic consequences of a war among the European great powers, many people—not least investors, a generally well-informed class—were taken completely by surprise by the outbreak of World War I. The possibility is as real today as it was in 1915 that globalization, like the Lusitania, could be sunk.

 

The WEF report went further and claimed; “Some people question whether the West has reached a tipping point and might now embark on a period of de-globalization.”

 

The report then claimed that the dramatic decrease in available jobs was actually due to automation and technology, 84%, rather than trade or jobs heading overseas, 14%.

 

“It is no coincidence that challenges to social cohesion and policymakers’ legitimacy are coinciding with a highly disruptive phase of technological change,” the WEF said.

 

The WEF states that the period we have entered is called the Fourth Industrial Revolution, were rapid technological changes are causing a shift in both policy and the economy. However, those who are a part of the WEF are the ones who are furthering the technological revolution which is causing such a dramatic impact. As always, they cause the problem, only to offer their predetermined solution that supports the NWO agenda.

 

The annual globalist meeting begins next week at a resort in Davos.

 

Globalism is not the answer, nor is totalitarian division; which is precisely where the elitists have placed us. Such a divide can and will collapse the current system and allow for the rise of the New World Order.