The War On Cash Intensifies In Response To Trump and Brexit

Having discontinued its production of EUR500 banknotes, it appears Europe is charging towards the utopian dream of a cashless society. Just days after Davos’ elites discussed why the world needs to “get rid of currency,” the European Commission has introduced a proposal enforcing “restrictions on payments in cash.”

With Rogoff, Stiglitz, Summers et al. all calling for the end of cash – because only terrorists and drug-dealers need cash (nothing at all to do with totalitarian control over a nation’s wealth) – we are not surprised that this proposal from the European Commission (sanctuary of statism) would appear…

The Commission published on 2 February 2016 a Communication to the Council and the Parliament on an Action Plan to further step up the fight against the financing of terrorism (COM (2016) 50). The Action Plan builds on existing EU rules to adapt to new threats and aims at updating EU policies in line with international standards. In the context of the Commission’s action to extent the scope of the Regulation on the controls of cash entering or leaving the Community, reference is made to the appropriateness to explore the relevance of potential upper limits to cash payments.

The Action Plan states that “Payments in cash are widely used in the financing of terrorist activities… In this context, the relevance of potential upper limits to cash payments could also be explored. Several Member States have in place prohibitions for cash payments above a specific threshold.”

Cash has the important feature of offering anonymity to transactions. Such anonymity may be desired for legitimate reason (e.g. protection of privacy). But, such anonymity can also be misused for money laundering and terrorist financing purposes. The possibility to conduct large cash payments facilitates money laundering and terrorist financing activities because of the difficulty to control cash payment transactions.

 

 

Potential restrictions to cash payments would be a mean to fight criminal activities entailing large payment transactions in cash by organised criminal networks. Restricting large payments in cash, in addition to cash declarations and other AML obligations, would hamper the operation of terrorist networks, and other criminal activities, i.e. have a preventive effect. It would also facilitate further investigations to track financial transactions in the course of terrorist activities. Effective investigations are hindered as cash payments transactions are anonymous. Thus restrictions on cash payments would facilitate investigations. However, as cash transactions are moved to the financial system, it is essential that financial institutions have adequate controls and procedures in place that enable them to know the person with whom they are dealing. Adequate due diligence on new and existing customers is a key part of these controls in, line with the AMLD.

 

Terrorists use cash to sustain their illegal activities, not only for illegal transactions (e.g. the acquisition of explosives) but also for payments which are in appearance legal (e.g. transactions for accommodation or transport). While a restriction on payments in cash would certainly be ignored for transactions that are in any case already illegal, the restriction could create a significant hindrance to the conduct of transactions that are ancillary to terrorist activities.

 

 

Organised crime and terrorism financing rely on cash for payments for carrying out their illegal activities and benefitting from them. By restricting the possibilities to use cash, the proposal would contribute to disrupt the financing of terrorism, as the need to use non anonymous means of payment would either deter the activity or contribute to its easier detection and investigation. Any such proposal would also aim at harmonising restrictions across the Union, thus creating a level playing field for businesses and removing distortions of competition in the internal market. It would additionally foster the fight against money laundering, tax fraud and organised crime.

And then right at the end, they mention “fundamental rights”…

While being allowed to pay in cash does not constitute a fundamental right, the objective of the initiative, which is to prevent the anonymity that cash payments allow, might be viewed as an infringement of the right to privacy enshrined in Article 7 of the EU Charter of Fundamental Rights. However, as complemented by article 52 of the Charter, limitations may be made subject to the principle of proportionality if they are necessary and genuinely meet objectives of general interest recognised by the Union or the need to protect the rights and freedoms of others. The objectives of potential restrictions to cash payments could fit such description. It should also be observed that national restrictions to cash payments were never successfully challenged based on an infringement to fundamental rights.

To refer to the full proposal scroll to the bottom of this frame and click the VIEW ON SCRIBD link.

https://www.scribd.com/embeds/337702404/content?start_page=1&view_mode=scroll&access_key=key-iPD195p5mFmr8y9Q19qH&show_recommendations=true

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It was inevitable of course that with the rise of anti – establishment feeling, the War On Cash, like the various assaults of free speech going on throughout the developed world would become more urgent. The UK vote to leave the EU and the election of Donald Trump in the USA have also made this moved this restriction on personal freedom higher up the elitist control freaks agenda. Below are a few points raised by SovereignMan’s Simon Black, who detailed previously that the war on cash is happening faster than we could have ever imagined, and predictably, is based on lies.

Every time we turn around, it seems, there’s another major assault in the War on Cash. India is the most notable recent example– the embarrassing debacle a few weeks ago in which the government, overnight, “demonetized” its two largest denominations of cash, leaving an entire nation in chaos. But there have been so many smaller examples.

 

In the US city of New Orleans, the local government decided earlier this month to stop accepting cash payments from drivers at the Office of Motor Vehicles. As I wrote to you recently, several branches of Citibank in Australia have stopped dealing in cash altogether. And former US Treasury Secretary Larry Summers published an article last week stating that “nothing in the Indian experience gives us pause in recommending that no more large notes be created in the United States, Europe, and around the world.” In other words, despite the India chaos, Summers thinks we should still curtail the $100 bill.

 

The conclave of the high priests of monetary policy almost invariably sings the same chorus: only criminals and terrorists use high denominations of cash.  Ken Rogoff, Harvard professor and former official at the International Monetary Fund and Federal Reserve, recently published a book blatantly entitled The Curse of Cash. Ben Bernanke’s called it a “fascinating and important book”.

 

And, shockingly, a number of reviews on Amazon.com praise “brilliant” Rogoff’s “visionary concepts” in his “excellent book”. Rogoff, like most of his colleagues, contends that large bills like the $100 or 500 euro note are only used in “drug trade, extortion, bribes, human trafficking. . .” In fact they jokingly refer to the 500-euro note as the “Bin Laden” since it’s apparently only used by terrorists.

 

Give me a break. My team and I did some of research on this and found some rather interesting data.It turns out that countries with higher denominations of cash actually have much lower crime rates, including rates of organized crime.

 

The research was simple; we looked at the World Economic Forum’s competitive rankings that assesses countries’ levels of organized crime, as well as the direct business costs of dealing with crime and violence.

 

Switzerland, with its 1,000 Swiss franc note (roughly $1,000 USD) has among the lowest levels of organized crime in the world according to the WEF. Ditto for Singapore, which has a 1,000 Singapore dollar note (about $700 USD). Japan’s highest denomination of currency is 10,000 yen, worth $88 today. Yet Japan also has extremely low crime rates.  Same for the United Arab Emirates, whose highest denomination is the 1,000 dirham ($272). 

 

If you examine countries with very low denominations of cash, the opposite holds true: crime rates, and in particular organized crime rates, are extremely high. Consider Venezuela, Nigeria, Brazil, South Africa, etc. Organized crime is prevalent. Yet each of these has a currency whose maximum denomination is less than $30.

 

The same trend holds true when looking at corruption and tax evasion.

 

Yesterday we wrote to you about Georgia, a small country on the Black Sea whose flat tax prompted tax compliance (and tax revenue) to soar. It’s considered one of the most efficient places to do business with very low levels of corruption. And yet the highest denomination note in Georgia is the 500 lari bill, worth about $200. That’s a lot of money in a country where the average wage is a few hundred dollars per month. Compare that to Malaysia or Uzbekistan, two countries where corruption abounds. Malaysia’s top cash note is 50 ringgit, worth about $11. And Uzbekistan’s 5,000 som is worth a paltry $1.57.

 

Bottom line, the political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash.

 

And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash.

Simply put, the data doesn’t support their assertion. It’s just another hoax that will give them more power at the expense of your privacy and freedom.

Defend your personal liberty, insist on using cash whenever it is convenient for small transactions.

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Electricity cuts and power crisis predicted for Britain’s New Year Holiday

20 December, 2016

Thanks to successive governments (Labour from 1997 to 2010 and Conservative Lib – Dem from 2010 to 2015) their gullibility in falling victim to every confidence trickster who backed up an energy subsidy scam by saying, “I’m a scientist.” and their committment to supposedly sustainable but in reality intermittent energy sources for electricity,   The National Grid is failing to meet demand and “emergency power deals have become the norm,” according to a new report by a cross-party parliamentary group chaired by Grant Shapps.

Coal power station closures and the building of renewable energy plants will leave the country struggling to generate the required power supplies to feed British infrastructure and homes.

The British Infrastructure Group (BIG) believes the government’s attempt to meet climate change targets set by the EU and United Nations led to a cut back in capacity margins and extravagant price increases. The “interventionist energy policy,” Shapps believes, has left electricity supplies “dangerously small.” Shapps carefully omits to mention that the government’s only contingency plan for providing the power needed to meet peaks of demand (a sudden cold snap for example) is to spark up the thousands of diesel generators the earth loving politicians have concealed in goods containers on compounds sited around the country. Yes you read that right, diesel generators, the billions of pounds spent on wind and solar generation schemes and the billions of pounds spent on subsidising the farmers and landowners whose land the ‘sustainable’ power generators stand on have left us dependent on the dirtiest and most inefficient method of generating power to meet peak winter demand.

The report found that in recent winters the nation’s spare electricity pool went from 17 percent in 2011-12 to just one percent this year. To restore the stock, household bills would have to increase by as much as £30 a year until 2020. Government estimates predict price increases of around half of that.

“While nobody questions the noble intentions behind these ‘green power’ policies, it is clear that the unshakeable confidence of the community who swore ‘the science is settled’ was sadly misplaced and policies  designed to reduce Britain’s carbon dioxide emissions were not only wrong headed in a world that has stubbornly refused to get any warmer for almost twenty years (accoring to the ‘settled science’ we should have been frying eggs on the concrete in mid December here in northern England by now, not wondering how we are going to kep warm through the winter) but have had the unintended effect of hollowing out the reliability of the electricity generating sector,” the former co-chair of the Conservative Party said.

So to avoid major power cuts over Christmas 2017, Shapps added, the government should “work to make it profitable for private companies to invest and innovate in our electricity markets once again.”

Last year, National Grid paid nearly £40 million ($49.7 million) for emergency power. This winter, the group was given the go-ahead by the government to shell out an estimated £122.4 million. These costs are later spread out across the network and picked up by consumers in the form of growing bills.

 
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Somali Rapist Was Not Deported: Rapes Again. This Is Why Teresa May Should Not Be Prime Minister

migrants-610085

Wannabe Prime Minister Theresa May, soft on immigrant crime, soft on the causes of immigrant crime (picture source: Daily Express)

As she campaigns to be elected leader of The Conservative Party and thus Prime Minister, Theresa May glibly promises to be firm in maintaining law and order and to address the problems caused by mass immigration by reforming immigration laws and enforcing border controls. But can she be trusted?

May is a peerless self promoter but as Home Secretary, the government minister who oversees both law and order and immigration, she has not only presided over the greatest infux of illegal immigrants ever (many of them lacking even basic travel documents) and has established a track record for giving in to the shrill voices of the ‘open borders’ lobby and being soft on immigrant crime.

Here’s just one example of what has happened on May’s watch, this is one of many individual crimes, quite apart from the cases in Rotherham, Rochdale, Oxford, Birmingham, reading, Blackburn, Sheffield, Nottingham and London of organised gangs of Muslim immigrants abusing vulnerable young women.

A rapist from Somalia who successfully fought deportation, on grounds that his ‘human rights’ would be abused if he was sent back to Somalia, following his first jail term for rape has now been jailed for ten years for the rape of two women in Birmingham. His lawyer had argued “he had a lack of understanding of what is acceptable in the UK”.

Dahir Ibrahim, 31, was jailed in 2005 for ten years for the rape of a prostitute in Birmingham’s Edgbaston district, with the judge recommending he be deported following his sentence. Obviously he is either not very bright or a habitual rapist if he did not learn from his first spell in jail what isn’t acceptable in Britain or anywhere else in the civilised world.

Ibrahim’s lawyers successfully appealed that deportation order, and was given leave to remain in the UK.

Now he has been convicted of the rape of two vulnerable women in 2014, for which he has been handed a second decade-long sentence. It is understood that he will be deported at the end of his sentence, The Times has reported.

Thay may be the judge’s intent but if Theresa May is Prime Minister I reckon the stupid, politically correct bint will find a way to keep this Sewer Slime in the UK.

Steven Bailey, prosecuting at Birmingham Crown Court, said the first victim was looking to buy cannabis on the night of September 5th when she was approached by Ibrahim who persuaded her to follow him down an alleyway by offering to sell her drugs. There he threatened her with a Stanley box-cutter knife and raped her.

The second victim was sleeping rough when she was attacked by Ibrahim on the night of October 18th, threatening her with a pair of pliers and a screwdriver.

He was eventually tracked down by police through a combination of DNA, forensic and CCTV evidence.

Jabeen Akhtar, defending, argued that his client had come from a country where he had witnessed many atrocities and consequently lacked understanding of what was acceptable in the UK.

“It was more opportunistic than pre-planned,” he said, adding: “No long-term physical injury was sustained by the victims.”

But the judge, Justice Murray Creed disagreed. Passing sentence he said: “There was abuse and humiliation. There was severe psychological hurt and harm done. There was degradation. They were sustained incidents and the victims were targeted.”

Detective Constable Gavin McGrath from West Midlands Police, said: “The evidence against Ibrahim was indisputable and, in desperation, he tried to claim that it was a ‘fit up’. But a few days before he was due to stand trial, he changed his plea to guilty.

“I am pleased that he has spared these women the further ordeal of a trial and he will now be behind bars and no longer a danger to the public.”

The judge is on the right track. The politicians however are more concerned with sucking up to left wing media and the chatterati to ever put justice ahead of politically correct snivelling cowardice.
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And yet the cupid stunt has been supporting REMAIN even though the EU commission want to bring in Serbia, Bosnia, Albania, Kosovo and Macedonoia – nothing wrong with them of course except that they are all basket case economies that us poor taxpayers will be expected to prop up. And Juncker said this week that the day after our referendum is our of the way, the EU starts working to get the 77,000,000 citizens of terrorist state and ally of ISIS in as a full member.
 
The good thing about that is though the scab louse Cameron wants Turkey in, Greece, Hungary, Austria, Slovakia, Poland, Croatia and the Czech Republic will veto it.

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Big Wins for anti EU Five Star party in Italian mayoral elections

Last week the wind was knocked out of the LEAVE campaigns sails in the Brexit referendum campaign by the brutal murder of left wing Labour MP Jo Cox, apparently by a a right wing extremist with a history of mental illness. In the wave of disgust that followed, momentum  in the campaign shifted to REMAIN with only a few days to go to the vote.

Almost inevitably, in the days following the murder, holes began to appear in the official narrative surrounding the case. News footage, purportedly showing the perpetrator being arrested at the scene of the attack, showed a man being treated for injuries in a road on a modern housing development, clearly not in the same area as the centre of an industrial town where the MP was assaulted. Strangely, in view of his having allegedly shot the MP three times and stabbed her with a 30cm bladed knife seven times there was not a spot of blood on the man being arrested in video shown on BBC and ITN news bulletins. And suspicious parallels between the assassination of Jo Cox and Swedish MP Anna Lindh who was murdered in 2004 as she campaigned for Sweden to join the Euro, the EU’s single currency system.

But not everything is going the way of bureaucratic dictatorship, tyranny and fascism.

In a great victory for lovers of freedom and democracy everywhere, Virgina Raggi, the candidate of anti EU party Five Star and top political hottie scored a crushing victory in the second round of Rome’s mayoral election. Five Star, founded only a few years ago by comedian and satirist Beppe Grillo are riding high in polls and look set to gain many seats in upcoming elections in Italy.

virginia-raggi
The city of Rome’s new hottie Mayor, Virginia Raggi

A parallel threat to the establishment is Liga Nord, another anti EU party which only contests constituencies in Italy’s industrial north. A Five Star candidate also triumphed in Turin’s mayoral election.
These victories emphasise the anti – EU, anti – authoritarian mood sweeping Europe, and if they are widely reported in alternative media (obviously establishment controlled mainstream media will barely acknowledge it) will be a last minute boost for the LEAVE campaign after the lies of REMAIN’S Project Fear have set out to give the impression that only British people are anti EU because we are “racist and xenophobic”.

Do these corrupt, dishonest neo fascist really think nobody in Britain is intelligent enough to have heard of Five Star in Italy, Front national in France, Germany’s AfD, Austria’s Freedom Party, the Sweden Democrats, Podemos in Spain and Syriza in Greece (two anti – EU socialist parties which prove that being against EU authoritarianism is actually not “right wing extremism”, in fact the authoritarians trying to turn Europe into a bureaucratic dictatorship are the extremists.

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BoJo Was Correct – The EU Was A Nazi Idea

And until recently everything was going according to plan.

The biggest kerfuffle in the EU referedum campaign this week came when the University dumbed Down and brain dead, Labour voting sheeple got their knickers in a twist over comments Boris Johnson made about the E U having originally been a Nazi idea. Boris was  accused of misrepresenting or exaggerating the comparison between the EU and the German Nazi’s plan for a union of Europe.

The pro-Brexit former Mayor has stated that both Hitler and Napoleon failed at unifying Europe and that the EU was “an attempt to do this by different methods”, namely without weapons this time!

Donald Tusk, the European Union Council President, said that the former Mayor of London “had crossed all boundaries” by making the comparison.

Lord Heseltine a Pro-Remain campaigner labelled Mr Johnson’s comments “preposterous” & “obscene”.

And all the globalist and authority worshipping screechers (including Gayvid Cameroink and his bum chum Barack Obama joined in con gusto – yeah we can be multicultural)

Unfortunately Boris Johnson was absolutely correct and far from exaggerating he seems to have somewhat understated his case. To date however, we have not heard one apologetic voice from the Remain campaign acknowledge this important point. But then their entire campaign is built on lies and misrepresentations (oh and the usual hate and envy from the left wing factions.

The Nazi origin of the European Union is 100% documented and easily verifiable. The linked page in this paragraph provides  a brief overview of what the Nazi regime envisaged for the continent of Europe after World War 2.

The European Community, a 1940 book by Nazi Economics Minister and war criminal Walther Funk wrote about the needs of creating a “Centralized European Union” and “European Economic Area’s” he argued, “There must be a readiness to subordinate one’s own interests in certain cases to those of [the EC].” (A shorter summary can be found HERE)

Nazi academic Heinrich Hunke wrote, “Classic national economy is dead…community of fate which is the European economy…fate and extent of European co-operation depends on a new unity economic plan”.

Fellow Nazi Gustav Koenig observed, “We have a real European Community task before us…I am convinced that this Community effort will last beyond the end of the war.”

Other top Nazis who called for the creation of a pan-European federal economic superstate dominated by Germany and through which Germany would dominate Europe if (when) the war was lost, include Ribbentrop, Quisling and Seyss-Inquart, who spoke of “The new Europe of solidarity and co-operation among all of its people… will find…rapidly increasing prosperity once national economic boundaries are removed.”

In 1940, Minister of Propaganda Joseph Goebbels ordered the creation of the “large-scale economic unification of Europe,” believing that “in fifty years’ time [people would] no longer think in terms of countries.”

Just 53 years later, the European Union in its current form was established.

It’s no surprise that what these top Nazis proposed is almost identical to what the EU later become.

Boris was also right to say that the EU is the very bureaucratic, centralized, dictatorial European federal superstate similar to the one Hitler and other top Nazis had planned to implement after World War 2.

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Elsewhere: [ The Original Boggart Blog] … Daily Stirrer …[Little Nicky Machiavelli]… [ Ian’s Authorsden Pages ]… [Scribd]…[Wikinut] … [ Boggart Abroad] … [ Grenteeth Bites ] … Ian Thorpe at Flickr ] … [ Tumblr ] … [Ian at Minds ] … [ Authorsden blog ] … [Daily Stirrer News Aggregator]

TTIP on the Brink of Failure: EU ‘Frustrated’ By US Refusal To Accept Conditions It Insists Europe Must Accept

The Transatlantic Trade and Investment Partnership (TTIP), which has been pushed by the Obama Administration and the European Union’s ruling bureaucratic dictatorship, looks increasingly close to being abandoned as public opposition to it mounts in both Europe and the USA.. The EU negotiators are frustrated by American intransigence in refusing to grant the EU access to US markets, while demanding the removal of all obstacles of all obstacles to American goods being dumped in European markets. It is now becoming apparent that the potential deal should always have been a non starter, as the business culture of European countries and the US have little in common, German business newspaper Deutsche Wirtschafts Nachrichten (DWN) wrote.

Referring to the website EUobserver, the newspaper noted that EU negotiators have become frustrated about the deal and don’t believe in the success of the TTIP anymore.

The main problem is fundamentally different visions of the US and the EU about the nature of the agreement.

“The US is pressuring the EU to roll back environmental and health standards as part of a free trade deal,” EU observer wrote. “The US also wants to keep the current arbitration system that allows corporations to sue governments for perceived loss of profits.”

According to DWN, the US is playing hard, making “unacceptable” demands and trying to bully EU negotiators. US attempts to talk up the non existent threat to the EU from Russia should the deal fail have angers the EU side and contributed to growing “frustration among Member States”. Russia will be very happy to see the deal fail as that would open the way for closer economic ties between the EU and the Russian Federation.

Several clauses in TTIP have sparked controversy as critics fear they will allow global orporations to overturn national laws (as has happened in Canada which signed a similar  trade treaty with the US some years ago.) These fears are exacerbated by secrecy surrounding the negotiations and the power they could give to international corporations at the expense of small and medium-sized businesses.

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Elsewhere: [ The Original Boggart Blog] … Daily Stirrer …[Little Nicky Machiavelli]… [ Ian’s Authorsden Pages ]… [Scribd]…[Wikinut] … [ Boggart Abroad] … [ Grenteeth Bites ] … Ian Thorpe at Flickr ] … [ Tumblr ] … [Ian at Minds ] … [ Authorsden blog ] … [Daily Stirrer News Aggregator]