Attack on cash economy is distracting us from the government's greatest failure. So there I was in the bunker beneath our home earlier this week, adding to the stock of canned food and bottled water, about to start boarding up the windows around the house, all the while anxiously waiting for smoke to begin filling the street, carrying with it the shouts of an angry crowd railing against the government and its latest attack on our privacy and civil rights.
But, as usual, there was only silence. If the meek really do end up inheriting the earth then one thing is inevitable. Australia is sure to become the world's greatest superpower. So gentle and unassuming, so complacent and law-abiding are we, that after an influential public official came out this week and said it was time the federal government placed a limit on how much of our cash we can spend – you know, that old-fashioned folding stuff – there wasn't a whiff of protest. We just gave our usual collective shrug and looked elsewhere. Who among us hasn't willingly paid cash for something in return for a discount? Economist: Ban Cash and Force Everyone to Have a Government-Controlled Bank Account. National newspaper features brazen call for economic fascism Paul Joseph Watson Prison Planet.com May 13, 2015 A former Bank of England economist has called for a total ban on cash and its replacement with credit accounts controlled directly by governments.
In a column for the London Telegraph, fund manager Jim Leaviss all but advocates economic fascism as a means of enabling authorities to respond to financial crises better by implementing a “cashless society.” “Forcing everyone to spend only by electronic means from an account held at a government-run bank would give the authorities far better tools to deal with recessions and economic booms,” states the introduction to Leaviss’ article. If you think that sounds authoritarian enough, it gets worse. Once wonders what form this ‘encouragement’ will take. De-Dollarization: Is BRICS a Viable Alternative to the U.S. Dominated World Economic System?
Economist and Geopolitical analyst Peter Koenig talks to Asad Ismi 1.
Is BRICS (Brazil, Russia, China, India and South Africa) a viable alternative to the present U.S. -dominated world economic system and does it have the potential to replace it? Are we witnessing the birth of a new international economic order in BRICS and the Russia-China energy deal? It’s Currency War! – And Japan Has Fired The First Shot. By Michael Snyder, on November 3rd, 2014.
David on Coast: The Global Initiation. China Looks Set To Introduce Gold-Backed New World Reserve Currency. The US dollar has been the world’s reserve currency for many decades now, but the trends seem to indicate that China is preparing to overtake the US in regards to being the “standard” currency.
The world’s monetary system has not had any direct involvement with gold since 1971, when U.S. president Richard Nixon ended the conversion of the dollar into gold. China seems to be preparing itself for a big involvement in gold, potentially backing their currency with gold. The graph below shows that world reserve currencies come and go, and they change on average every 95 years. It is impossible to know exactly how much gold China has, as their central bank is more secretive in this regard compared to other countries. Century of Enslavement: The History of The Federal Reserve. Do We Owe Our Soul to the Bankers? I will start with the slave rebellion.
It was Nat Turner who led the slave rebellion in Virginia. Why did he lead a slave rebellion. He and his fellow slaves were tired of living under the rule of a master getting wealthy off the backs of his labor living life as a serf in that day. These slaves wanted to be free. A gift from God. The IRS Just Declared War on Bitcoin - Retroactively. On March 25th, 2014 the IRS issued a unilateral edict which instantly put the entire U.S.
"And once again the U.S. Government has made criminals out of thousands of people that were law abiding citizens yesterday. And they didn't change a thing they were doing. Remember this when some one says "if you have nothing to hide why do you care if they are spying on you?" It's simple, who knows what law they will create out on thin air that will make you a criminal.. And saying that it will never happen to you is dangerously naive." – senseih
Bitcoin community in a legal quandary.
They're calling it "Virtual Currency Guidance". The new rules designate all crypto-currencies as property, not currency, and state that any increase in value between the date of acquisition and the date of sale counts as capital gains and is taxable. All payments using Bitcoin are subject to the same reporting requirements as normal payments, and Bitcoin mining is also now considered taxable income.
Stockmarket - rigged. 'It's crazy that it's legal': A number of advocates have backed Michael Lewis's claims.
Photo: Bloomberg The explosive declaration by acclaimed business author Michael Lewis that the world's largest sharemarket is "rigged" by high-frequency trading has sent Wall Street into a flux of chatter, self reflection and, in some cases, denial. In his famous book Moneyball, Lewis admired the quantitative skills used to recruit players to build a champion baseball team. Now he is taking aim at the numbers men. "The United States stockmarket, the most iconic market in global capitalism is rigged . . . by a combination of the stock exchanges, the big Wall Street banks and the high-frequency traders," Lewis says. Call to limit cash transactions from Black Economy Taskforce chairman. Australia will never have a completely cashless economy, says the man heading the federal government's Black Economy Taskforce Michael Andrew, but it's likely that we will see a limit put on cash transactions at $10,000.
Mr Andrew, who is advising the Turnbull government on how it can claw back up to an estimated $15 billion in lost federal tax revenue and illegitimate welfare payments due to widespread cash economy activity, told Fairfax Media that his final report to government, due in October, was likely to include stronger recommendations around limits.