Browsing: Banking and Finance

‘Electronic money, a cashless society, is perhaps the ultimate and most direct means of the New World Order (NWO), also called One World Order (OWO), to control us all via its financial system. A system that the NWO would like to maintain as the world’s financial system, albeit, it has already been reduced to the western world’s financial system.

Why reduced to the Occident? – Because the Orient, China, Russia and the other countries belonging to the Shanghai Cooperation Organization (SCO) and to the Eurasia Economic Union (EEU) have already largely delinked themselves from the western dollar-based system of fraud. They are saved from slavehood.’

Read more: ‘Electronic Money’ under ‘The One World Order’ (OWO): Are We Becoming Western Money Slaves? Solutions? ‘Resistance Economy’, ‘De-dollarization’, ‘De-globalization’

‘Tens of thousands of people who took out private loans to pay for college but have not been able to keep up payments may get their debts wiped away because critical paperwork is missing.

The troubled loans, which total at least $5 billion, are at the center of a protracted legal dispute between the student borrowers and a group of creditors who have aggressively pursued them in court after they fell behind on payments.

Judges have already dismissed dozens of lawsuits against former students, essentially wiping out their debt, because documents proving who owns the loans are missing. A review of court records by The New York Times shows that many other collection cases are deeply flawed, with incomplete ownership records and mass-produced documentation.’

Read more: As Paperwork Goes Missing, Billions in Private Student Loan Debts May Be Wiped Away

‘Cashless transactions are fast becoming a thing of the past. People are reluctant to use cashless facilities, which has made the government’s much-hyped campaign a failed episode.

The AP Government has decided to cancel the cashless system and restore cash transactions at ration shops. Causes for the failure of the cashless system include slow internet facilities, difficulties in connecting to the server, repeated failure of the iris and fingerprint recognition system, and the failure of transactions. The hassle involved has made the system non-viable for traders. In many shops, the ePose machines have already been kept aside and a majority of the sales are conducted via cash transactions.’

Read more: Cashless transactions a thing of past in Andhra Pradesh

‘French bankers and the government would like the hardest possible separation of Britain from the European Union to weaken the City of London, according to a leaked memo published on Sunday.

“They are crystal clear about their underlying objective: the weakening of Britain, the ongoing degradation of the City of London,” Jeremy Browne, the City’s envoy to the EU, wrote in a memo first published by the Daily Mail.

“They are in favor of the hardest Brexit. They want disruption. They actively seek disaggregation of financial services provision. The clear messages emanating from Paris are not just the musings of a rogue senior official in the French government or central bank. France could not be clearer about their intention,” Browne wrote after a meeting with senior French officials at the beginning of July.

The Bank of France, the country’s financial regulator, on Monday, denied an aggressive tone in the discussions.’

Read more: Paris hopes for hard Brexit to steal London’s financial hub – leaked memo

‘An executive at the government-owned Royal Mint reportedly billed the taxpayer for a 45p packet of tissues as he clocked up £45,000 in expenses in a year.

Director of bullion Chris Howard also claimed for a 50p packet of chewing gum and a £1.50 bottle of water despite earning £123,000 a year, according to the Sunday Times.

He ordered a $14 Bloody Mary at 11.30am during a business trip to Las Vegas, figures obtained by the newspaper through a Freedom of Information request revealed.

Mr Howard’s bills apparently provided a glimpse into the extraordinary lifestyle of a man who travels the globe selling bullion.

He spent £15,000 stay at some of the world’s most luxurious hotels last year and £8,700 entertaining contacts and staff, the newspaper reported.’

Read more: Royal Mint executive earning £123,000 salary ‘claimed £45,000 on expenses including 45p pack of tissues’

‘France has boasted to City of London chiefs that it will use Brexit to sabotage the British economy, according to a bombshell leaked memo.

The memo, sent to Ministers, says the French government and banking chiefs are plotting to ‘actively disrupt and destroy’ the UK’s multi-billion-pound financial sector when Britain leaves the EU – even if France gains nothing.

The missive blames the ‘giddy’ effect of newly elected President Emmanuel Macron for an ‘assertive collective endeavour’ to wreck the City, which is worth £66 billion a year to the Treasury in tax receipts – around half of the entire budget for NHS England.

The memo was written after the City of London’s Brexit envoy – former Home Office Minister Jeremy Browne – held talks in Paris earlier this month at the French finance ministry, state-owned Banque de France, the French Senate and the British Embassy. He met banking chiefs, senior politicians and diplomats.’

Read more: City of London accuses France of plot to ‘wreck Britain’ – even if it gains nothing itself 

‘In January 2017 the European Commission announced it was exploring the option of imposing upper limits on cash payments, with a view to implementing cross-regional measures as soon as 2018. To give the proposal a veneer of respectability and accountability the Commission launched a public consultation on the issue. Now, the answers are in, but they are not what the Commission was expecting.

A staggering 95% of the respondents said they were opposed to a cash ceiling at EU level. Even more emphatic was the answer to the following question:

“How would the introduction of restrictions on payments in cash at EU level benefit you, or your business or your organisation (multiple replies are possible)?”

In the curious absence of an explicit “not at all” option, 99.18% chose to respond with “no answer.” In other words, less than 1% of the more than 30,000 people consulted could think of a single benefit of the EU unleashing cross-regional cash limits.’

Read more: People Not Amused by EU Efforts to ‘De-Cash’ their Lives

 

‘The eurozone is likely to break up no matter how hard France and Germany try to save it, one of the world’s biggest investment banks is warning.

A senior employee at Bank of America Merrill Lynch says the single currency bloc has been gradually falling apart ever since it was formed almost 20 years ago.

Although several countries including Greece and Portugal received emergency bailouts during the financial crisis, richer countries like Germany have failed to redistribute wealth on a permanent basis to poorer countries in the eurozone.

London-based Athanasios Vamvakidis, who worked for the International Monetary Fund for 13 years before joining the US bank, said this has driven members apart and increased inequality.’

Read more: Eurozone faces doom no matter how hard France and Germany try to save it, warns top investment bank

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