America Takes A Step Closer To Becoming A Cashless Society

cashless
Piture: The Guardian

If you order a beer at a Flatstick pub in Seattle, Washington, don’t try to pay with $10 bill — you’ll walk away thirsty. It’s not that the US state of Washington has started charging Scandinavian prices for booze, but that Flatstick, a hot new mini-chain in the Pacific Northwest, does not accept cash. Neither does Bluestone Lane, an east coast coffee chain with locations in New York, Philly and D.C. Patrons there have to pay with plastic or an app called LevelUp.

Cashless commerce is popping up around the country, particularly in restaurants catering to a younger crowd, the kind of university brainwashed millenials who think its cool to make life easy for rip off merchants by relying on contactless cards or smart phone apps to pay. It seems millenials are more likely to leave home without any greenbacks, or even a wallet, and instead choose to live life with a smartphone and a few credit or debit cards attached. Or perhaps due to the abject failure of the education system these dorks haven’t mastered the basic arithmetic needed to use csh transactions.

Businesses who’ve gone cashless rave about the results. Flatstick owner Sam Largent told me plastic-only reduces error rates during times of complex accounting, such as calculating tips when shifts change. I’m not sure why customers should care about that but then in Europe your waiter is not likely to shoot you for tipping too little.

The value of cash transactions sank 7% from 2010 to 2015, according to The Nilson Report, while credit and debit card payments increased by nearly 50%. Meanwhile, ATMs, which had their 50th birthday last year, are disappearing around around the world, signaling the decline of the “cash run.”

Cash-free environments aren’t brand new. Political establishments have been pushing the idea of cashless lives for decades, the better to keeep tabs on the spending habits of individuals. Airlines went cashless a long time ago (for meals and other onboard purchases), and many other businesses are only taking automated payments (it gives them an excuse to fire another human being.) And with the meteoric rise of friend-to-friend payment apps like Venmo, Zelle and Splitwise, we’re no longer throwing $20 bills on the table after a meal (or handing over cash or checks to roommates for the gas bill).

But cash is a long away from dead, and as usual we find governments and mainstream media are deploying fake news to advance their agenda. The US Federal Reserve said in 2016 that 35% of U.S. transactions were still made in cash although 42% of UK transactions are still in cash. Numbers for other European countries, with the Scandinavian countries leading the race to dystopia while the nations of southern and eastern Europe cling to their banknotes.. And the amount of cash being used around the world continues to rise. Plus, there are still many of obstacles to going cashless.

For starters, the estimates suggest that around 7% of the populations of developed nations still do not use banking facilities. In other words, they live an all-cash life, so would be entirely shut out in a cashless society. Some also like the anonymity that comes with paying cash. Others use cash for budgeting reasons (when you’re out of cash, you stop spending – simples).

Still, on a global scale, eliminating cash offers some intriguing possibilities. Merely the elimination of large denomination banknotes, which the EU has done, makes life much harder for large-enterprise criminals, like drug dealers according to technocrats. OK, it’s far more conspicuous to carry around large piles of small bills, but wire transfers between banks in Switzerland and The Cayman Islands present no problems. And if you connect through a VPN the transaction is untraceable. People who claim that if all financial transactions were electronic, hiding crime would become much more difficult are takling bollocks. They either have little understanding of how the internet works (or how much of it is invisible to the World Wide Web,) or they are on the side of the big league criminals and corporate pirates.

Negative Interest Rates & The War On Cash, Part 3: “Beware The Promoters”
Bitcoin and other electronic platforms have paved the way psychologically for a shift away from cash, although they have done so by emphasising decentralisation and anonymity rather than the much greater central control which would be inherent in a mainstream electronic currency. Despite the loss of privacy, electronic currency is much favoured by techno-optimists, but not so much by those concerned about the risks of absolute structural dependency on technological complexity.

India’s Cashless Society set to fail but slide to fascism goes on
On 17th July 2017, India will elect a new President through a vote of the elected representatives. The contenders are Ram Nath Kovind and Meira Kumar. Few people outside his own family know who Kovind is and voters are only vaguely aware of Ms. Kumar. India will get a complete nobody as its next President. …

A cashless society would hurt the poor
We have reported on the push, led by globalist politicians and supranational bureaucracies such as the United Nations and the European Union to abolish cash throughout the world and move all business activity to digital media. The issues for personal privacy and liberty are well documented, but the real losers will be the poor.

War On Cash Gathers Momentum – Germany Unveils Cash Controls
On Monday (1 February, 2016) just two days ago, Bloomberg called on the central banks of the world to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”
We can imagine it would be quite easy to harm someone by firing large coins at them from a gun and terrorists could probably stuff an improvised explosive device with small coins rather than nails or nuts and bolts. And if …

Norway’s Biggest Bank Joins Push To Abolish Cash
The move by governments to eliminate cash as a means of trading goods and services is moving faster than we imagined. With another global financial crisis looming according to financial journalists and investment experts this is as understandable as it is undesirable for us ordinary punters.

The Financial Times Calls for Ending Cash, Calls it a “Barbarous Relic”
Earlier this week, as the financial world was in turmoil following a rapid crash and recovery in financial markets. While we the punters shook our heads and wondered how the banksters get away with this kind of shit, The Financial Times published a dastardly little piece of fascist New World Order propaganda.

New Global Crisis Imminent, New Geneva Report Warns
The Geneva Report refers to a “poisonous combination of high and rising global debt and slowing nominal GDP [gross domestic product], driven by both slowing real growth and falling inflation”. The total burden of world debt, private and public, has risen from 160 per cent of national income in 2001 to almost 200 per cent after the crisis struck in 2009 and 215 per cent in 2013. “Contrary to widely held beliefs, the world has not yet begun to delever and the global debt to GDP ratio is still growing, breaking new highs,” the report said.

Cashless Society – The Resistance Begins Here
A seaside market town in Norfolk may be less than 100 miles from the world’s financial capital, London, , it may be the commercial centre of West Norfolk’ as the town website boasts, it may be home to 45,000 people — but there, unlike in London, cash is king.

Establishment Pushing ‘Cashless Society’ to Control Humanity
The global establishment is increasingly pushing the notion of what it calls a “cashless society” — a world in which all payments and transactions would be conducted electronically, creating a permanent record for governments to inspect and track at will.Multiple governments from Africa and Asia to Europe and …

War On Cash Gathers Momentum – Germany Unveils Cash Controls
On Monday (1 February, 2016) just two days ago, Bloomberg called on the central banks of the world to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”
We can imagine it would be quite easy to harm someone by firing large coins at them from a gun and terrorists could probably stuff an improvised explosive device with small coins rather than nails or nuts and bolts. And if …

War On Cash – A Country By Country Guide
More on the global war on cash being waged by ruling elites in parallel with their war on privacy as they try to exert total control over everything.

Norway’s Biggest Bank Joins Push To Abolish Cash
The move by governments to eliminate cash as a means of trading goods and services is moving faster than we imagined. With another global financial crisis looming according to financial journalists and investment experts this is as understandable as it is undesirable for us ordinary punters.

War On Cash: Pin Numbers will be obsolete within five years, we will pay with mobile or fingerprints instead.

The War On Cash gathers more momentum as political, business and academic elite attempt to advance and agenda that will destroy individual freedom and privacy and give them total control of our lives and finances via technology.

Sweden’s Rebels Against Cashless Society Push: “We Have No Weapon Fight Back…If Putin Invades”
This omnibus page is about documenting the global elite’s “War On Cash” (yes that is a bit over dramatic and click – baity, but we have to compete for attention,) which is not about making life better for the masses as we are told it is, but about enabling government agencies to increase their ability …

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Is US Department Of Defence Regime Change Agency Planning Color Revolution In Nicaragua

Protestors in Nicaragua – but do they know what they are protesting about (Picture: Al Jazeera )

 

As civil unrest takes hold in the Central American republic, we are seeing reports that Nicaraguan student protest leaders have met with Washington DC, neocons, a publication funded by the US government’s regime change arm, the ludicrously misnamed National Endowment for Democracy (NED), boasts of spending millions of dollars “laying the groundwork for insurrection” against Daniel Ortega

Corporate mainstream media outlets are portraying the violent protest movement sweeping Nicaragua as a progressive grassroots upswell but the country’s student leaders have suggested otherwise.

In June this year, young Nicaraguan political activists went on a junket funded by US taxpayers to Washington DC, hosted by right-wing advocacy group Freedom House. The Nicaraguans were there to lobby Donald Trump and other right-wing US government officials for help in their fight against Nicaraguan President Daniel Ortega.

During the trip, the young activists posed for photo-ops with leading Republican Party neocons and warmongers including Senators Ted Cruz, Marco Rubio and Rep. Ileana Ros-Lehtinen. The Nicaraguan party also had meetings with top officials from the State Department and the US government soft power organization USAID. There, they were reportedly assured they would have Washington’s full-throated support in the event of a rebellion against Ortega.

A month before those meetings , a publication funded by the US government’s regime change arm, the National Endowment for Democracy (NED), revealed that organizations backed by the NED have spent years and millions of dollars “laying the groundwork for insurrection” in Nicaragua.

This article, openly boasting of US meddling was repoted by the Latin America news website Global Americans, and was reputedly authored by US academic Benjamin Waddell, the academic director of the School for International Training in Nicaragua. Following publication of this piece, Global Americans replaced the term “insurrection” with the less incendiary word “change.” The original headline can however still be seen in the article’s URL.

Waddell’s article offers a remarkably honest assessment of the impact of the National Endowment for Democracy’s long term activities in Nicaraguan domestic politics. The author’s conclusions tended to confirm assertions made by Nicaraguan President Daniel Ortega and members of his government, who have claimed the protests are a carefully staged plot backed and organised by Washington.

“International press has depicted the rapid escalation of civil unrest in Nicaragua as a spontaneous explosion of collective discontent, triggered by the government’s changes to its insolvent social security system and rooted in more than a decade of authoritarian rule by the Ortega-Murillo family,” Waddell wrote. “And while the underlying causes of the turmoil are rooted in government mismanagement and corruption, it’s becoming more and more clear that the U.S. support has helped play a role in nurturing the current uprisings.”

In another striking passage, Waddell concluded, “the NED’s current involvement in nurturing civil society groups in Nicaragua sheds light on the power of transnational funding to influence political outcomes in the 21st century.”

The USA has a long history of meddling in the domestic politics of small, thirds world nations, often unsuccessfully and frequently with catastrophic results. The NED has been one of the leading agent of US soft power since its founding in 1983, at the height of the Cold War, its function being to fund and organise opposition to governments that refuse to serve US geopolitical ambitions.  The first NED success took place in Nicaragua, where it incubated anti-Sandinista media outfits like the La Prensa newspaper and right wing political groups.

In 1990, the Ortega’s party, the Sandinistas, were defeated at the polls by the right-wing candidate Violeta Chamorro, whose family happened to own La Prensa. Chamorro’s victory represented the culmination of nearly $16 million dollars in NED grants to anti-Sandinista political parties and media outlets.

More recently we have seen US led regime change efforts either fail ignominiously, as in Afghanistan and Syria, succeed catastrophically as in Libya, under Colonel Gadaffi Africa’s more prosperous and socially advanced nation, now after Libya was bombed by he US, France and UK (the FUKUS axis,) it is a failed state enmired in a tripartate civil war, or simply achieve the opposite of what was intended as in Ukraine where a deeply corrupt but democratically elected government was overthrown in a CIA engineered coup, only to be replaced by an equally corrupt neo – Nazi government.

Kermit Roosevelt, a member of the famous American political family but who made his contributions to the nation in the shadowy world of spy craft, even bragged about it publicly in his book Countercoup, revealing there was a manual in circulation at the CIA dealing with how you overthrow governments.

Mr. Roosevelt’s best-known exploit was as director of the 1953 coup that overthrew the leader of Iran, Prime Minister Mohammed Mossadegh, a nationalist who concerned Washington because he was supported by the Iranian Communists at the height of the cold war.

So it seems to me this was a playbook coup d’état is something reheared by the CIA many times over decades. The is no denying Washington’s role in the Ukraine regime change of course, Vitoria Nuland, at the time Assistant Secretary of State for European Affairs, working with the US Ambassador, in a famous open mic moment complained that the US had spent a billion dollars organising the coup with the aim of getting Ukraine into the European Union and thus controlling Black Sea shipping routes to Russia’s only warm water ports, only to find the right wing extremists they had supported were not acceptable to the EU. Many copies of the recording made of that slip up still exist, here’s a link to a BBC transcript.

Ukraine was a particularly embarrassing fail for the US DoD Regime change Agency,

What is surprising is that the warmongers of Washington have learned nothing from all this and, as we can see from the reports coming out of Nicaragua, are getting ready to make the same foreign policy mistakes all over again.

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Sandanista (poem)

This Man Encapsulates What’s Wrong With The EU.

 

Selmayr’s  dogmatic attachment to European unity is matched by his bullying arrogance (Image: GETTY•EPA)

Our economic future has dominated the turbulent debate over Brexit in recent weeks. Yet British withdrawal from the EU is not primarily about economics. Many people on the Remain side of the Brexit debate have never understood that many Brexit supporters were driven by the desire for national independence and democracy, those noble ideals that have inspired freedom movements throughout history.

If ever the British people want a reminder of the need to break free from the EU’s authoritarian, quasi-imperialist rule, then the case of the European Commission’s sinister secretary-general Martin Selmayr (reported here earlier in the year,) provides one.

Selmayr,  a ruthless German bureaucrat and lawyer who has worked for the European Commission since 2004, embodies all the EU bureaucratic dictatorship’s authoritarian impulses, anti-British sentiments and ideological fervour for the integration of twenty seven sovereign nations into a single, political unit ruled from Brussels by unelected bureaucrats.

Selmayr been dubbed “the Rasputin of Brussels” with good reason. Like Grigori Raputin, the peasant – born, self proclaimed mystic and holy man who befriended the family of Russia’s Czar in the late nineteenth century and whose malign influence did a lot to exacerbate anti – royalist feelings and drive people to support the communists, Selmayr’s fierce personal loyalty to the reputedly alcoholic EU Commission president Jean Claude Juncker, dogmatic attachment to the ideal of European political unity (federalism) and bullying arrogance have prompted complaints about the “poisonous” atmosphere he creates.

“What is the difference between God and Selmayr?” the long serving German politician Wolfgang Schauble once asked: “God knows he’s not Selmayr.”

The Rasputin of Brussels has developed a fearsome reputation in the  EU organisation, despite remaining relatively unknown to the public. His authoritarian tenure as Juncker’s chief of staff  earned him a variety of nicknames in addition to Rasputin, Darth Vader, Himmler, the Monster of the Berlaymont, and Pit Bull.

But his brutal style of running Juncker’s office –  demanding that access to Mr Juncker for even the most senior EU officials was first channeled through him, has also led to a queue of enemies. Former European Commission vice president Kristalina Georgieva blamed her resignation on his aggressive style, which she branded ‘poisonous’.

British officials have accused Mr Selmayr, who has privately expressed his dislike of Brexit, of ‘hating’ the UK while describing him as a ‘psychopath’.

But nothing highlights Selmayr’s corrupting influence more than the underhanded way he was rocketed into the role of secretary general by his mentor, Jean Claude Juncker, the Luxembourgois drunk who has vowed to punish Britain for voting to leave. In February this year. he was the chief aide to the EU’s bibulous president, lacking the experience and the qualifications to run the Commission’s 33,000-strong workforce. Operation Night and Fog” a German Green Party European Palrliament called it

Because of his commitment to their cause of creating a single state, the Euronazis, headed by Juncker, were determined to put him in charge of E U administrative functions. So in blatant stitch-up, defying any concept of openness, he was catapulted into the top job.

Confirmation that Selmayr’s dramatic rise was effectively an internal coup by supporters of the federal European superstate project came this week in a scathing report by the EU Ombudsman Emily O’Reilly. Having conducted an extensive investigation into the bizarre events surrounding Selmayr’s rapid rise through the ranks, Ms O’Reilly reported that both “the spirit and the letter” of EU law had been broken by the Commission, whose conduct had been “extraordinary” in failing to challenge the abuse of procedures.

Anyone who has studied the Selmayr promotion fix (link to our report provided for people who missed the story,) would have come to the same conclusion as Ms O’Reilly. the whole business was a grotesque charade which exposes the rottenness at the core of the EU.

Over the space of a few minutes in February this year, Selmayr was shifted from his post as EU Commission Predident Juncker’s chief aide to the position of deputy secretary general on Juncker’s recommendation, thus putting him in the position of principal candidate for the top job. should it become vacant with, mysteriously it did almost instantly.

Moments after Selmayr’s promotion (which borke EU rules because all job vacances should be advertised and applications invited,) the incumbent EU secretary general, Alexander Italianer announced his retirement. At Juncker’s behest, Selmayr was immediately appointed  by the commissioners as Italianer’s replacement, though, again in line with EU rules, the vacancy should have been advertised and a proper selection process instigated.

Even within the Brussels organisation, usually so compliant with the Commission’s megalomania, there was outrage at this cynical manoeuvre. One German MEP, Werner Langen, denounced the move as “anything but transparent. It reminds us of 19th century secret bureaucracy.”

But even after the damning Ombudsman’s report published this weekt, it is unlikely that anything will change. Unassailable in his position with the protection of Juncker whose anointed heir Selmayr must now be, and other Brussels federalists, Selmayr will continue to exercise near total control over the EU’s officialdom because, more than any other figure in Brussels, he promises to fulfil the federalist agenda.

Since he first joined the EU as a press officer, aged 34, he has shown the dedication of a zealot to the goal of the creating a politically united European superstate.

Having conducted an in depth investigation, Ms O’Reilly said that both “the spirit and the letter of EU law had been broken by the Commission, the conduct of which had been extraordinary in failing to challenge the abuse of procedures.”

In the UK, where mainstream media is dominated by people who supported our remainingt any price, even the surrender of our national sovereignty to unelected bureaucrats in  EU headquarters the subject seems to be getting very little attention. Nothing to see here! Small administrative matter! Just a civil servant! Look, over here, more silliness from the ridiculous Brits on the Irish border, far right extremists are gaing ground in Germany, Italy and Sweden and those whining Jewish bigots are complaining about Muslims torching their synagogues.

I and other Brexit supporters have been called a fascist, xenophobe and racist for my well informed decision to vote in support of Britain’s leaving the EU, which only demonstrates that our critics don’t know what any of those words mean. What kind of organisation indulges in this sort of stitch up at the behest of Juncker to set things up for his ghastly sidekick, Selmayr, to be the boss of thousands of officials, extending his pal’s power? An organisation worth leaving, that’s what.

And what kind of people would want their country to be part of such an organisation? Not the kind I’d want to have a drink with for sure. But as if the stitch up was not enough, it gets worse: Though the EU’s recreation of Kristallnacht took place in February, the story was only broken (by Politico) in March and details were still emerging in August

The reporter who has made the running, breaking a series of revelations and allegations, is Jean Quatremer, EU correspondent of the French newspaper Libération.It’s getting worse by the day. Politico has a report of the insurrectionist press conference held yesterday in Brussels, in which the spokesman Schinas came under unprecedented pressure.

While Europhiles will dismiss the affair as a trivial administrative matter and certain European leaders will probably declare that ‘the little people’ are not intelligent enough to understand the complexities of running an organisation like the EU, transparency matters on a practical as well as an ethical level. The European Commission, already emired in Brexit negotiations, is also in conflict with states such as Italy, Poland, Austria and Hungary over their alleged breaches of EU rules. Why should any of those states that have shown their willingness to assert their sovereignty listen to the Commission now its corrupt and secretive modus operandi has been exposed?

All this runs contrary to the prevailing narrative in the London political establishment and UK media, that a brilliantly organised, sophisticated and united EU makes the British negotiating team look like characters from a Monty Python’s Flying Circus sketch. In fact I nave known since working for the EU in Luxembourg thirty years ago it was more like an old Three Stooges film.

 

France’s President Macron drops to RECORD LOW in polls for ‘acting like KING of France’

President Emmanuel Macron of France reports back to work this week, politically weakened after his clumsy handling of a scandal involving his top bodyguard and his imperious attitude to public opinion, pushed his approval ratings to a record low in August.

Polling company Ifop’s deputy chief Frédéric Dabi said public perception of the French President has become negative, with voters angered by his cuts to welfare and employment reforms.

Mr Macron was described as acting like a “monarch” with no connection with his voters, by Mr Dabi who also told France’s Europe 1 radio: “He is entering the new political year undeniably weakened.

“The benevolent mood towards Mr Macron has soured, and most people are now disappointed [with his performance] … There’s a growing feeling among voters that his policies are unfair.”

The number of people who view the 40-year-old president favourably has slumped by five percentage points through August to a record low of 34 per cent, an Ifop poll for Le Journal du Dimanche published on Sunday showed, The Guardian reports.

The poll also showed his “dissatisfaction rating” has risen to 66 per cent from 61 per cent in July.

The aftershocks of the so-called “Benalla affair” are still being felt, and the scandal has damaged Mr Macron’s reputation.

Last month a video of Mr Macron’s former bodyguard, Alexandre Benalla and gay love (allegedly), beating up two protesters while off duty and dressed as in police riot gear sparked furious opposition claims of a cover-up after it was found that Elysée officials had known about the incident since early May.

But it was Macron’s aloof response to the incident that had the biggest impact on his presidency, denting his popularity and throwing parts of his agenda off schedule. A second poll published on Sunday echoed the downward trend reported by Ifop.

The survey, conducted by Viavoice for the left-wing daily Libération, showed only 36 per cent of French people having a “favourable” opinion of Mr Macron.

Russia Says Time Has Come To Ditch The Dollar

Saturday 25 August

Picture: https://woodgatesview.files.wordpress.com/

As the US State Department unveiled the latest round of sanctions on Russia yesterday,  while the trade war with China that has seen tariffs imposed on a wide range of Chinese goods shows no sign of easing, Moscow signalled its intention to respond to this latest attack on its economy. In particular, the Russian government announced it is accelerating efforts to abandon the American currency in trade transactions, according to Russia’s Deputy Foreign Minister Sergei Ryabkov.

The time has come when we need to go from words to actions, and get rid of the dollar as a means of mutual settlements, and look for other alternatives,” he said in an interview with International Affairs magazine, he told RT.

“Thank God, this is happening, and we will speed up this work,” Ryabkov said, explaining the move would come in addition to other “retaliatory measures” as a response to a growing list of US sanctions. It is time mainstream media in the west started reporting accurately what is going on. The official position of the US is that their sanctions are in retaliation for various Russian acts such as meddling in the US election process, but in reality the USA is trying to protect its position as issuers of the reserve currency, while Russia, China and a number of emerging economies resent the way the US uses the reserve currency to dictate matters in global trade.

Previously, Russian Energy Minister Aleksandr Novak has said that a growing number of countries are interested in replacing the dollar as a medium in global oil trades and other transactions.

“There is a common understanding that we need to move towards the use of national currencies in our settlements. There is a need for this, as well as the wish of the parties,” Novak said.

According to the minister, it concerns both Turkey and Iran, with more countries likely to join the growing dedollarization wave.

Our reporting of this long running news thread tends to confirm his view.

“We are considering an option of payment in national currencies with them. This requires certain adjustments in the financial, economic, and banking sectors,” he said. Last week, we reported that the Kremlin was interested in trading with Ankara using the Russian ruble and the Turkish lira. India has also vowed to pay for Iranian oil in rupees. Some economists argue that modern technology removes the need for a reserve, the speed with which computer systems handle currency trades and conversions eliminated administrative bottlenecks.

Meanwhile, the world’s rapidly growing second-largest economy and Washington’s trade nemesis, China, has been taking steps to challenge the greenback’s dominance with the launch of an oil futures contract backed by Chinese currency, the petro-yuan. This is fully reported elsewhere in this page. China and Iran have already agreed to stop using the dollar in global trade as China has ramped up purchases of Iranian oil in defiance of US sanctions. India, Pakistan, the EU, Australia and Japan are also known to have made petr-yuan contracts.

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The Demise Of Dollar Hegemony: Russia Breaks Wall Streets’s Oil-Price Monopoly

Significant moves in the global chess game have just rendered the huffing and puffing of warmonger Obama meaningless and will break Wall Street’s monopoly in controlling oil markets. The move is part of Vladimir Putin’s long-term strategy of decoupling Russia’s economy and especially its very significant export of oil, from the US dollar, in effect …

Naked Bankers Go For Gold

… That gold sale in 2013 was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery (quite a lot of it belonged to the german government) In effect the naked shorting of gold could only work because really the right hand was selling to the left hand.

The Demise Of Dollar Hegemony: Russia Breaks Wall Streets’s Oil-Price Monopoly
In a move that went almost completely unreported in mainstream media, Russia has recently opened a market for the trading of physical and ‘paper’ oil (futures) in Moscow in Roubles. This is the most blatant challenge yet to the domination of the US dollar in world trade.

WMD in Mayfair

Recalling yesterday’s Machiavelli Blog which commented on events surrounding the unfortunate death of the alleged former Russian agent Alexander Litvinenko, it seems the murder investigation has now found evidence of many caches (well OK, traces) of radio active toxins in various fashionable establishments in London’s West End frequented by former Russian intelligence agents.

China launches global yuan payment system
China’s Central Bank has started a global payment system which provides cross-border transactions in yuan. The China International Payment System (CIPS) intends to internationalize the yuan and challenge the US dollar’s dominance.

Refugee Crisis Or Existential Battle With USA for Europe

It has been clear for some years now that the USA, backed by its main NATO and EU military allies the UK and France (the FUKUS axis has been trying to provoke Russian into firing the shot that will be heard around the world and recognised as the startiung signal for World War Three.
Nothing is ever as it seems to be however, and views from middle east and far eastern journals suggest the USA is also working at destabilizing EU nations in order to force their support in its wars.

EU and US talk of war with Russia

The European People’s Party (EPP) is the largest political group in the European Parliament, and they are unerringly supportive of America’s efforts to start a war with Russia. “The time of talk and persuasion with Russia is over,” MEP and Vice-President of the EPP told a meeting on Tuesday, 21 April, “Now it’s time for a tough policy, and concentration on defence and security …”

The Mediterranean Boat People Crisis – How Does Europe Deal With The Mediterranean Migrant Crisis

The numbers of migrants trying to cross from the Libya on the coast of north Africa to one of the EU’s southern nations is increasing. Europe’s impoverished southern nations can’t cope. And in the better off nations of northern Europe immigration is a toxic issue which is fuelling the rise of anti EU parties from France to Finnland in the north and Hungary in the east. What can be done?

This Is Why The US Just Lost Its Superpower Status According To Larry Summers

As more and more countries flock to join the Chinese led Asian Infrastructure Investment Bank after Britain, France Australia, India and other traditional US allies defied Washington to associate themselves with China’s initiative, conservative economic pundit Larry Summers once a contender for the chairmanship of the Federal Reserve delivered a sharp rebuke …

The True Debt Disaster America Faces – Only A Fraction Of Government Debt Is Known To The Public

Politicians and the media talk about the $17 trillion debt the US Government owes to creditors. They are lying, the $17 trillion is a fraction of what america owes. The real figure is $200 trillon. And Obama’s loonytoons economics are driving that up at an accelerating rate.

U.S. versus Russia War: Top Russian Politics Scolar Stephen Cohen Tells The Truth

We have been blogging for four years about the US drive for war, provocation of Russia in Syria, Iraq, Ukraine and elsewhere made it obvious. But I’m just a news junkie with a strong sense of curiosity and have wondered why the US seems set on this course. Good to see experts like Stephen Cohen, a prominent expert on, Russia are coming onside.

Does It matter If The Dollar Is Replaced?

“Without delving too deeply into Austrian economic and capital theory, just let me point out that money printing disrupts the structure of production by fraudulently changing the “price discovery process” of capitalism. Capital is allocated to projects that will never be profitably completed. Bubbles get created and collapse and businesses are suddenly damaged en mass, thus, destroying wealth. (Zero Hedge)”

What the BRICS plus Germany are really up to in the Currency Wars?

The move led by Russia and China to dump the Petrodollar has escalated into a currency war, not the kind of war we associate Obama with but give him time. Some wars as in Ukraine, by proxy are not going so well. Others, like the one against Islamic State aka ISIS aka ISIL in the middle east are going worse. Disintegration of The American Economic Empire is manifesting itself in moves by wannabe global players towards creating a multipolar world …

 

Lord Rothschild: The New World Order Is At Risk


Baron Jacob Rothschild – concerned banker or Bond villain? (Picture Source:  http://www.myfirstclasslife.com  )

In the RIT Capital Partners 2014 annual report, the head of Rothschild family banking empire warned that “the geopolitical situation is most dangerous since WWII.” A year later, Baron Jacob Rothschild repeated his warning about the outcome of “what is surely the greatest experiment in monetary policy in the history of the world”. In August 2017 with markets still behaving irrationally he cautioned that “share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured.”

Little did he know at the time that, driven by High Frequency Trading, computer algorithms and a quasi religious blind faith in technology they would keep rising, but related to that, he also made another warning which the market has so far ignored:

The period of monetary accommodation may well be coming to an end. Geopolitical problems remain widespread and are proving increasingly difficult to resolve.

In the latest half-year commentary from RIT Capital Partners published yesterday, Lord Rothschild made his sternest warning to date, this time focusing on the global economic system that was established after WWII to create a new world order, and which he believes is now in jeopardy.

The billionaire banker pointed to the US-China trade war, which is really a US versus Russia, China and Iran currency war, and the Eurozone crisis, with the resurgence of nationalism threatening the European Unity project after the UK’s Brexit vote, as the key problems putting economic order at risk, and the lack of a “common approach” – a reference to the gradual unwind of global thinking in the wake of President Trump – that has made “co-operation today much more difficult”:

“In 9/11 and in the 2008 financial crisis, the powers of the world worked together with a common approach. Co-operation today is proving much more difficult. This puts at risk the post-war economic and security order.”

It wasn’t clear if he was referring to the post-war fiat money standard that emerged once FDR devalued the dollar relative to gold, and then fixed a price for the yellow metal, a tenuous link that was subsequently destroyed by Nixon who finally took the US off the gold standard, or the primacy of the dollar which emerged as the world’s reserve currency after the end of WWII, paving the way for the US to bid for global hegemony, but whenever one of the people who profited handsomely from the “post war world order” warns it may be on its last legs, it may be time to worry.

Either way it is hard to believe that Rothschild is a stupid man, although living in an elitist bubble he may be detached from reality, but his comments suggest that he is unaware the great mass of people have woken up to the fact that globalisation can only benefit the elite in the west, while diminishing the educated populations of developed nations in favour of buying the loyalty of uneducated third world multitudes with handouts and cheap gadgets.

With global risks growing after politicians and the banking cartel have kicked the can down the road for several years by printing money, how is Rothschild positioned? He writes that “in the circumstances our policy is to maintain our limited exposure to quoted equities and to enter into new commitments with great caution” and indeed, in the first half, RIT had a net quoted equity exposure of only 47%, historically low. The reason: the iconic banking family is concerned that the 10-year bullish cycle and market rally could finally be ending.

While Rothschild noted that “many of the world’s economies have enjoyed a broad-based acceleration not seen since the aftermath of the financial crisis of 2008, with as many as 120 countries seeing stronger growth last year” he also cautioned that “we continue to believe that this is not an appropriate time to add to risk. Current stock market valuations remain high by historical standards, inflated by years of low interest rates and the policy of quantitative easing which is now coming to an end.”

One potential risk is Europe, where debt levels have reached “potentially destructive levels”.

Quite so, but the growth we have seen since the 2008 crash has not been organic growth but has occurred mainly because interest rates at which governments lend to banks (by selling bonds to fund their deficits,) have been artificially maintained at suicidally low levels. This has enabled banks to borrow at a quarter or a half per cent, and use their borrowings to buy bonds with a fixed rate of three or three and a half per cent (or higher for nations with weaker economies.) These bonds often give a higher yield as it is possible to buy them at a discount.

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Based on info at ZH (reveal)
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Amazon & Silicon Valley Masters of Universe Push Governments To Nationalize Music Industry

Amazon is leading a well-funded and well organised Silicon Valley campaign to force governments to nationalize the music industry, thereby creating a system where the government props up favoured corporations — such as Amazon — to be beneficiaries of and have control over, while also profiting from, music production.

The Music Modernization Act, which already been prsented in both Houses of the US Congress would create by law, if passed, a “collective” that pays the various beneficiaries of of public funds. The major problem with said “collective,” according to critics, is that it would be run by the government, specifically the U.S. Copyright Office, making it prone to cronyism, corruption, and misappropriation of intellectual property.

And if it becomes law in the USA you can bet the global media corporations will not be long before they are pushing for a similar law in the European Union, Britain, Canada, Australia and Japan just for starters. The good thing here is that such a proposal is not likely to become law as long as Donald J Trump is US President. Remember, the pernicious Trans Atlantic Trade and Investment Partnership (TTIP), another example of leftist control freakery rhat would have handed control of law making in sovereign states to corporate lawyers, was pushed by Obama and the EU, defeated by public opinion in Europe and killed by Trump in the USA.

“The so-called Music Modernization Act will destroy the private sectors’ progress by creating a federal mechanical license ‘collective’ which would collect payments and distribute them to the correct parties,” Bryan Crabtree, a pro-Trump author, wrote in NewsMax:

This collective would be funded by a new fee on music services and housed at the U.S. Copyright Office. The bill is perhaps a solution in search of a problem or maybe a power grab by global media corporations. The creation of the collective threatens to drive small record labes and distributors out of the marketplace, killing competition and establishing yet another monopoly in the music industry. Likely, the government would select just one or perhaps two services as their policeman on the beat. The most politically astute (and we know Bezon fancies his chance of succeeding Trump as President,) are the ones that often walk away with the deal, and the The Music Modernization Act looks to be no exception.

The bill passed the US House of Representatives with bipartisan support and made it through the Senate Judiciary Committee already, although it is misleading to talk of bipartisan politcs in the US system, there is one party, the corporate party, Senators and Representatives are its hirelings. We derailed TTIP, we must derail this latest act of corporate piracy heading our way from across the pond.

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