Browsing: The Money Scam

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‘Barclays has apologised after customers vented their anger or frustration over a “technical” fault that prevented them from making purchases or disrupted their weekend plans.

The bank was flooded with tweets, emails and phone calls after a glitch in its computer system made it impossible for customers to use their debit cards in shops or withdraw cash from machines.

Customers wrote on Twitter that they were left embarrassed after they were unable to pay things such as groceries, while one complained that her payment at a letting office agency was declined.

In-branch, online and telephone banking services were also affected, with some customers still reporting problems on Saturday night and some branches forced to close early.’

Read more: Barclays apologises to angry customers who couldn’t use debit cards in shops or withdraw cash from machines

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‘The European Commission wants to tighten its control over paper money, metals such as gold and silver, and other precious elements that are transferred into the European Union. Their reasoning is to monitor the funding, as it will lessen the funding for belligerent attacks in the European Union.

The Commissions’ decision was based on the Marketplace attack that took place last Christmas in Germany, where people were killed as a truck drove into the crowded place.’

Read more: Europe Says It Wants to Confiscate Money, Precious Metals, Crypto Currency and Prepaid Cards to Fight Terrorism

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‘John Steinbeck’s novel “Grapes of Wrath.” Woody Guthrie’s ballad “Deportee.” Edward R. Murrow’s documentary “Harvest of Shame.” Every decade or so, the public is shocked by yet another discovery that migrant farmworkers are being horribly abused by the wealthy masters of the corporate food system. And here we go again.

Last November, the New York Times reported that the workers who grow and harvest the cornucopia of fruit and veggies in the rich fields of California’s Salinas Valley live in a constant crisis of poverty, malnutrition and homelessness. Toiling in America’s salad bowl, they literally cannot afford to eat the fresh, nutritious edibles they produce.’

Read more: Big-Money Speculators Are Buying Up and Renting Out Farms, and Pricing Real Farmers out of the Market

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‘Donald Trump built his presidential campaign around two ideas: 1) a corrupt financial establishment had swindled the middle class, and 2) immigrants and foreigners are dangerous.

Some combination of these two sentiments has fueled every American populist movement dating back to President Andrew Jackson. Populists can take credit for plenty of economic progress: child labor laws, universal public education, the eight-hour workday, the abandonment of the gold standard and all modern antitrust and bank regulations. The dark side of populism can be blamed for the Trail of Tears, the Chinese Exclusion Act and the incarceration of Japanese-Americans during World War II.

After a month in office, it’s pretty clear which strain of populism Trump takes seriously. He’s ordered the construction of a border wall with Mexico and plans to hire 5,000 new border patrol agents and 10,000 Immigration and Customs Enforcement officers. He’s also attempted to ban Syrian refugees and travelers from seven Muslim-majority nations from the country.’

Read more: Here Are All The Favors Donald Trump Has Performed For Wall Street

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‘The Russian Ministries of Finance and Economic Development are working on the way to reduce cash payments, business daily Vedomosti reports. The goal is to move away from the shadow economy and corruption that comes from money laundering and tax evasion.

According to the newspaper, the ministries are considering banning the payment of salaries in cash, limiting large cash purchases or introducing a cash tax.

Officials want to limit cash purchases of real estate, cars, and luxury items, but the cut-off price is being discussed. The economists are also looking at examples of India and Azerbaijan that limit not only cash transactions, but also cash withdrawals.’

Read more: Russia considers introducing tax on cash transactions

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‘Bavaria’s 50-year-old finance minister Markus Soeder was previously named by German weekly Der Spiegel as one of the Ten Most Dangerous European Politicians (defined as “every politician who is resorting to cheap populism in order to rack up domestic political points”).

For the Greeks, this may well be true.

During the Greek government-debt crisis, Soeder was among the most vocal in calling for Greece to leave the Eurozone. By 2012, he said in an interview: “Athens must stand as an example that this Eurozone can also show teeth.”

And now, according to an interview with Bild, the CSU politician said that:

…new billions should only flow when Athens implemented all the reforms. Even then, however, aid should only be given against a pledge “in the form of cash, gold or real estate”. Soeder added, “We need a plan B.”

One wonders if this was Germany’s end-game all along?’

Read more: German Minister Calls For ‘Plan B’: ‘Greece Should Pledge Gold and Real Estate For New Loans’

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‘European Union officials are urging Greece and its creditors to strike a financial aid deal for the country quickly to safeguard economic recovery. However, Athens has refused a demand from its creditors for more austerity measures.

The Greek government said it would not ask for “a euro more” from its impoverished citizens.

Failure to agree on debt relief and economic reforms raises doubts over the future of the €86 billion Greek bailout program, with new aid withheld until the talks move from deadlock.

To avoid a disaster, EU officials were urging speed with one German politician hinting the role of the International Monetary Fund – one of the major bones of contention – was no longer crucial.’

Read more: Greece says ‘not a euro more’ from its austerity-impoverished population

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‘It’s been seven years since the outbreak of the Greek debt crisis, yet Greece — the country that gave birth to democracy — is still stuck in a vicious cycle of debt, austerity and high unemployment.

Three consecutive bailout programs have deprived the nation of its fiscal sovereignty, transferred many of its publicly owned assets and resources into private hands (virtually all of foreign origin), produced the collapse of the public health care system, slashed wages, salaries and pensions by as much as 50 percent, and led to a massive exodus of its skilled and educated labor force.

As for democracy, it has been seriously constrained since the moment the first bailout went into effect, back in May 2010, as all governments that have come to power have pledged allegiance to the international actors and agencies behind the bailout plans — the European Commission, the European Central Bank and the International Monetary Fund (IMF) — and follow closely and obediently their commands, irrespective of the needs and wishes of the Greek people.’

Read more: Greece Under Continuous Siege: Syriza’s Disastrous Political Stance

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‘Italy is plotting another multibillion rescue of its beleaguered banking system, as two struggling lenders come dangerously close to running out of money.

Rome wants to inject around £4.2billion (€5bn) into Veneto Banca and Banca Popolare di Vicenza, by bypassing European rules that ban taxpayers’ cash from being used to bailout banks.

The two banks are haemorrhaging cash at an alarming rate, according to the Financial Times, sending Italy into panic.

But the new so-called precautionary recapitalisation plan still needs approval from Brussels to go ahead.’

Read more: Italian banks on brink of running DRY: Rome forced to bend EU rules in emergency bailout 

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