Socio-Economics History Blog

Socio-Economics & History Commentary

The Globalists Strike Back With A Major Push Toward A Cashless Society

world_war_on_cash

  • The Globalists Strike Back With A Major Push Toward A Cashless Society
    by Michael Snyder, http://theeconomiccollapseblog.com/
    Their agenda may be on the rocks in the United States at the moment, but that doesn’t mean that the globalists are giving up.  In fact, a major push toward a cashless society is being made in the European Union right now.  Last May we learned that the 500 euro note is being completely eliminated, and just a few weeks ago the European Commission released a new “Action Plan” which instructs member states to explore “potential upper limits to cash payments”.  In the name of “fighting terrorism”, this “Action Plan” discusses the benefits of “prohibitions for cash payments above a specific threshold” and it says that those prohibitions should include “virtual currencies (such as BitCoin) and prepaid instruments (such as pre-paid credit cards) when they are used anonymously.”

    This new document does not mention what an appropriate threshold would be for member states, but we do know that Spain already bans certain cash transactions above 2,500 euros, and Italy and France already ban cash transactions above 1,000 euros.

    This is a perfect way to transition to a cashless society without creating too much of an uproar.  By setting a maximum legal level for cash transactions and slowly lowering it, in effect you can slowly but surely phase cash out without people understanding what is happening.

    And there are many places in Europe where it is very difficult to even use cash at this point.  In Sweden, many banks no longer take or give out cash, and approximately 95 percent of all retail transactions are entirely cashless.  So even though Sweden has not officially banned cash, using cash is no longer practical in most situations.  In fact, many tourists are shocked to find out that they cannot even pay bus fare with cash.

    So most of Europe is already moving in this direction, and now this new Action Plan is intended to accelerate the transition toward a cashless society.  The public is being told that these measures are being taken to fight money laundering and terrorism, but of course that is only a small part of the truth.  The following comes from the Anti-Media

    read more.
http://theantimedia.org/cash-europe-moves-elimination-paper-money/

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http://www.infowars.com/top-libertarian-warns-of-martial-law-cashless-society-2/

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http://www.infowars.com/financial-times-calls-for-abolishing-cash/

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February 17, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , | Leave a comment

‘The EU Will COLLAPSE’ Le Pen Blasts Germany for Using the Euro as a ‘POLITICAL WEAPON’

http://www.express.co.uk/news/world/767962/marine-le-pen-euro-political-weapon-eu-collapse-germany-france-front-national-merkel

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February 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Michael Dohrmann’s Summary of Lindsey Williams’ NEW AGENDA DVD

February 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , | Leave a comment

South Korea is the Newest Country Seeking to Eliminate Cash And Wants to Do So by 2020

https://www.bloomberg.com/view/articles/2016-09-01/want-a-free-market-abolish-cash

Click on image for article.

  • South Korea is the Newest Country Seeking to Eliminate Cash And Wants to Do So by 2020
    by http://www.thedailyeconomist.com/
    First it was Sweden, who’s people are so intoxicated by technology that it was not very difficult to get them to give up their cash to run on an entirely electronic financial system.  Then in November India decided to jump on the Cashless Society bandwagon, only unlike their counterparts living in the Northern part of Europe, their citizens are the exact opposite and do not trust their government or banking system to take away physical cash from the economy.

    Thus when it comes to creating a world without physical money it is on par with how half the world is content to be as sheep and follow the globalists desire to control every aspect of their spending, saving, and investing, while the other half is infused with the frequency of Populism, and realize that without the ability to control your own money in a physical form, then nearly all freedoms are permanently lost to the whims of elected and un-elected officials.

    As we are now well into the first quarter of 2017, and living in the aftermath of Brexit and the election of Donald Trump, the battle is on for the establishment to hold onto the status quo, while at the same time fighting a populist movement that seeks to tear down their power base built upon a foundation of debt, credit, and privately owned central banks.  And at the fore are two more major economies push strongly towards a cashless monetary system.

    And those two entities are the European Union, and South Korea.

    read more.
http://www.armstrongeconomics.com/archives/30862

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February 17, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , | Leave a comment

EU Steps Up The Pace For Cashless Society In 2017/18

http://www.wsj.com/articles/preparing-for-a-world-without-cash-147035

‘666’ Propaganda! Subscription needed. Click on image for article.

  • EU Steps Up The Pace For Cashless Society In 2017/18
    by Graham VanbergenTrue Publica, via http://www.globalresearch.ca/
    On the 23rd January 2017 the EU Commission issued the “Commission Initiative Roadmap” for 2018 regarding the step up fight against the financing of terrorism, also known as its ‘Payments Restriction Initiative’ or as we are reading more often, the cashless society. This document is an extension of  the communication document dated February 2016 (COM-2016/50) and updated to include new regulations for member countries to implement and future intentions by the Commission.

    The policy looks to the “Regulation on the controls of cash entering or leaving the Community  and 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 its conclusions on the fight against terrorism, the Economic and Financial Affairs Council of 12 February 2016 called on the Commission:

    “to explore the need for appropriate restrictions on cash payments exceeding certain thresholds. In particular the Proposal for an amendment of the Anti-Money Laundering Directive2 (COM (2016) 450), which introduced stricter transparency rules and other measures targeted specifically at terrorism financing. Furthermore, the initiative should be seen in conjunction with the ECB’s decision of 4 May (20163) to discontinue the production of the EUR 500 banknote and stop the issuance of this denomination by around 2018 to address concerns that these notes could be used in financing illicit activities.”

    The report goes on to advise that “any measure restricting cash payments would be complementary to the specific actions addressed by the review” and to include “virtual currencies (such as BitCoin) and prepaid instruments (such as pre-paid credit cards) when they are used anonymously.”

    New anti-money laundering rules will cover high value goods such as works of art, precious stones or auctioneers, which requires that they apply customer due diligence measures, full identification of customers and keeping records of transactions when receiving cash payments of €15,000 or more. This latest document extends the cash payments rule by reducing the €15,000 limit on transactions to €10,000 by June 2017.

    Unbelievably, the EU Commission is using the logic of banning cash by stating their “remains the lack of readily available and solid evidence on legitimate vs illegitimate cash transactions.” They maintain that “It is difficult to quantify the legitimate or illegitimate use of cash.”

    These statements are clearly untrue. Evidence on the amount of cash and how it is used in any given economy is widely known and many government’s even publish it quarterly or annually. For instance, on average, wallets in Germany hold nearly twice as much cash—about $123 worth—as those in Australia, the US, France and Holland, according to a recent Federal Reserve report on how consumers paid for things in seven countries. Roughly 80% of all transactions in Germany are conducted in cash. (In the US, it’s less than 50%.) And cash is the dominant form of payment there even for large transactions.

    read more.
http://ec.europa.eu/smart-regulation/roadmaps/docs/plan_2016_028_cash_restrictions_en.pdf

Click on image to goto document.

http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

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February 17, 2017 Posted by | Economics, EndTimes | , , , , , , , , , , | Leave a comment

To Stop Trump: Globalists Plan Economic Collapse

  • Published on Feb 15, 2017
    The globalists are desperate, Donald Trump undoing everything they’ve worked for and they’re willing to do anything to stop him.

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February 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

William Engdahl: Will Trump Destroy the Euro?

EUrope_collapse1

  • Will Trump Destroy the Euro?
    by William Engdahl, http://www.williamengdahl.com/index.php
    In his first few days in office as President, ‘The Donald’ has fired off so many Executive Orders and aggressive tweets that much of the world is dizzy. One policy that’s clearly emerging from the smoke of immigrant ban attempts, XL Keystone pipeline approvals and bellicose threats against Iran, is the Trump team economic agenda, called by Assistant to the President and Chief Strategist, Steve Bannon, “national economics.” The key targets so far are China and Germany, two nations with the largest trade surplus with the United States. A closer look, however, suggests Washington is preparing to launch what James Rickards, sometimes advisor on capital markets to the US intelligence community, refers to as “currency wars.” Aside from the obvious China target, the second and perhaps more important target is to destroy the Euro and its European Monetary System. Here Germany is at the heart, one reason, perhaps, why Chancellor Merkel seems to have severe gas pains whenever the name Trump is uttered.

    United Anti-Euro Front
    The new US Ambassador-designate to the EU, Ted Malloch, gave an interview with Bloomberg on February 5 where he said that he would bet on the euro collapsing and that he wants to “short the euro.” In the same interview he declared there was a “strong reason” for Grexit—Greece’s exit from the Eurozone. Earlier Malloch compared the EU to the defunct Soviet Union, saying the Union needs “taming.”


    In another interview, Malloch declared that the Euro could collapse in the next 18 months. He told BBC, “I think it is a currency that is not only in demise but has a real problem and could in fact collapse in the coming year, year and a half…The one thing I would do in 2017 is short the euro.” Malloch, it should be noted, is no stranger to EU politics. He currently teaches as Professor in the business school of the University of Reading, England. Malloch has also served on the executive board of the pro-globalization Davos World Economic Forum in Switzerland and was a Senior Fellow of the Aspen Institute think tank. His remarks about the future of the Euro and of the EU itself are well-calculated.

    Furthermore, with 17-year veteran Goldman Sachs partner, Steven Mnuchin, as Treasury Secretary, a person who has stated he has no problem labelling China a currency manipulator, the stage seems set for an all-out US Currency War aimed at destroying the Euro.

    Make no mistake. I am on record since it became clear that the Euro as a supranational currency above nation states of the EU would become reality back in the mid-1990s, that the Euro idea as conceived then was a disaster in the making for Europeans and for the world. It was a construct by a cabal of European patriarchs around Jacques Delors, Giscard d’Estaing and others, to try to create a giant EU rival to the dollar as world reserve currency.

    read more.
http://www.telegraph.co.uk/business/2016/10/16/euro-house-of-cards-to-collapse-warns-ecb-prophet/

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http://www.express.co.uk/news/politics/721930/Euro-European-Union-collapse-single-currency-Otmar-Issing

Global economic, financial and currency collapse rapidly approaching together with the Satanic WW3. Click on image for article.

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February 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , | Leave a comment

Jim Rogers Reiterates His Call For A Crash Of Epic Proportions

Jim-Rogers-Predicts-Trillion-Dollar-Biblical-Crash-2

  • Jim Rogers Reiterates His Call For A Crash Of Epic Proportions
    by 
    This past May, Rogers had such a dismal outlook that he warned “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.” Since then, the Dow has hit record highs above 20,000 and many other fragile bubbles continue to expand.

    And just this week, Jim did a podcast interview with Erik Townsend and Patrick Ceresna on their show called “Macro Voices” in which he was questioned on a variety of topics. He didn’t contradict any of his previous statements, though he certainly had opportunities to do so.

    Most notably, Rogers offered another warning statement; “Get prepared,” he went on “because we’re going to have the worst economic problems in your lifetime and a lot of people are going to disappear.”

    Jim went on to reference the demise of both Bear Stearns and Lehman Brothers which were around for 90 years and over 150 years years respectively. Both despite surviving two World Wars, still disappeared overnight while days before, Jim Cramer, on CNBC, admonished that Bear Stearns was a buy at $62… six days later it was bought out by JP Morgan for $2 a share.

Jim-Rogers-Coming-Economic-Collapse-Could-Destroy-More-than-68-trillion-2

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February 16, 2017 Posted by | Economics, GeoPolitics, Social Trends | , , , , , , , , , , , , , , | Leave a comment

Gerald Celente: Debt Crisis Builds — Buy Gold. Definite Movement to Take Trump Out

  • Gerald Celente: Debt Crisis Builds — Buy Gold. Definite Movement to Take Trump Out
    by Greg Hunter’s USAWatchdog.com 
    Trends forecaster Gerald Celente says the resignation of top security advisor Michael Flynn is further proof there is an ongoing “destabilization campaign” and a “definite movement to take out Trump.” Celente explains, “When Trump came in, one of the first things he said in his campaign is let’s stop this fighting with Russia, they’re not the threat that everyone says they are.  Since he’s been saying that, he’s been attacked.  Let’s go back to Michael Flynn.  Trump and Flynn say the CIA has become too politicized.  A lot of these agencies have been wasting money and giving us bad information.  That was what a lot of Flynn was about.  Let’s not forget that Obama dumped Flynn because those were the things that Flynn was saying that Obama didn’t want to hear.”


    The issues dreamed up to take out Trump have been ongoing since the day Trump won the 2016 election. Celente lists the top three and says, “The first issue was the Russians are coming, the Russians are coming.  The second one was the Electoral College, and you remember the third one?  It was we need a vote recount in Pennsylvania, Michigan and Wisconsin.  That’s all we heard.  The media has been attacking Trump from day one.  They are bringing in the Flynn thing because he was an anti-neocon.  That’s the reason.  The neocons want war.  They want destruction.  They want the military industrial complex to continue to build. . . . I don’t know why Trump is still campaigning.  He should keep his people off the air.  They shouldn’t go on the presstitute networks.”

    Celente says Trump can win by playing his own game. When it comes to his own GOP party, Celente explains, “He didn’t need them.  He doesn’t need them now.  Trump beat Hollywood.  He beat the Katzenbergs, the Spielbergs, the Clooneys and De Niros.  He beat Silicon Valley. . . . What I am saying is Trump can beat and win.  He beat all of them.  He beat Obama.  It wasn’t the Russians that made the election go his way. . . . Play the Trump card.  There are no rules.  That is the lesson.”

    Celente says that Trump is inheriting a U.S. and global economy that is bullish for gold prices. Celente explains, “The debt crisis continues to build.  The people are in an uproar about getting their pensions robbed from them.  There are more taxes on them to give the money to the banks that did the dirty deals.  Look beyond the United States, and we do not give financial advice, gold is the ultimate safe haven asset in a time of economic turmoil and geopolitical instability. . . . Our forecast for gold, and let’s say the price is $1,240 per ounce, the downside is another $100 to $150 per ounce.  It cost more than that to pull it out of the ground.  So, it’s not going to go much lower than that ($1,240) . . . . That’s no downside risk.  Here’s our forecast on the upside.  Gold has to break above $1,400 per ounce and solidify over that price, somewhere in the $1,440 to 1,480 range. Once it solidifies in that range, we are saying it’s going to spike to over $2,000 per ounce.  That’s our forecast, and we have been saying that for the better part of a year and a half.”

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February 16, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , , , , , , , , , , , , | Leave a comment

William Engdahl: Washington’s Dangerous War On Cash — What It’s Really About

  • Washington’s Dangerous War On Cash: What It’s Really About
    by http://www.gunsandbutter.org/
    * India withdraws 86% of the value of all currency in circulation;
    * USAID; Project Catalyst;
    * Global Innovation Exchange;
    * Better Than Cash Alliance;
    * Bill and Melinda Gates Foundation;
    * UNICEF; UN Development Program;
    * Mitre Corporation;
    * the Foreign Account Tax Compliance Act (FACTA);
    * Organization for Economic Cooperation and Development (OECD);
    * the larger global agenda of total control;
    * ECB set up to favor Germany;
    * Trade Czar Peter Navarro;
    * US currency war aimed at destroying the Euro;
    * US planned destruction of the Eurozone;
    * glyphosate;
    * fascism of EU bureaucracy in Brussels;
    * assassination of Chairman of Deutsche Bank, Alfred Herrhausen;
    * US emerging as the biggest tax haven in the world.
http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india#weiterlesen

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https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

‘666’ rapidly approaching! Click on image for article.

http://www.infowars.com/federal-reserve-manufactures-greater-recession/

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http://www.thenewamerican.com/tech/item/18619-establishment-pushing-cashless-society-to-control-humanity

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February 16, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , , , , , , , , , , , , | Leave a comment

‘The Euro May ALREADY Be Lost’: Economists Predict DOOMSDAY for European Union’s Currency

euro_collapse_fire_eu

  • ‘The Euro May ALREADY Be Lost’: Economists Predict DOOMSDAY for European Union’s Currency
    by ZOIE O’BRIEN, http://www.express.co.uk/
    REPEATED failings in the eurozone may have already signed the death warrant of the single currency despite Europe’s continued attempts to centralise the euro, an economic think tank has warned.

    European Union nations are plummeting further into debt, amid angry protests and calls for reform, but the Union continues to push for the joint monetary union. Now, economists have suggested it is already too late to save the failing monetary union – which will “almost surely fail”.

    Tuomas Malinen, CEO of GnS Economics, said: “Living standards in Italy and Greece are below the levels when they joined the euro. “Finland is the only Nordic country using the euro and it is also the only Nordic country which has not yet recovered from the financial crash of 2008. “There have been many proposals on how to fix the euro and the EMU, but they are politically unpopular and unrealistic.”

    Economists Mr Malinen, Dr Heikki Koskenkylä and Dr Peter Nyberg co-wrote the report ‘The Euro May Already Be Lost’, which has suggested there are solutions, but they are extreme.

    Eighteen years after the introduction of the euro, the economists argue it simply cannot work without major change. Experts explained one of the main issues as “different growth paths” for member states. As different countries develop at different speeds, the gap between success and failure widens and chances of financial support lessen.

    If this occurs during an economic boom, “strengthening aggregate demand supports ailing fields of production” – meaning crashes can be avoided. But this is not the case in 2017 Europe.

    read more.
9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. "Phoenix" is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

9 Jan 1988 cover, The Economist: Get Ready for a World Currency by 2018! The Rise of the Phoenix world currency from the ashes of national fiat currencies ie. destruction of fiat currencies via hyperinflation. “Phoenix” is of course an occult metaphor. Out of the destruction, the ashes of the old world order, the Luciferian New World Order will rise like a Phoenix!

http://www.newdawnmagazine.com/Article/A_Global_Central_Bank_Global_Currency_World_Government.html

Click on image for article.

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February 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

Big Brother is Watching You: Jim Rogers Prophesizes Death of Cash & Total Govt Control of Spending. ‘666’ is Coming Rapidly!

https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

The plan to microchip everyone with RFID ‘666’ is being implemented now. Click on image for article.

  • Erik Townsend welcomes Jim Rogers back to MacroVoices. Erik and Jim discuss:
    by https://www.macrovoices.com/index.php
    * What’s in store for the U.S. Equity Markets?
    * Outlook on the U.S. Dollar
    * Is the 35-year bond bull market over?
    * Where are junk bonds going?
    * History of government failures
    * His views on the global populist movements
    * Is there war on the horizon?
    * Are the Russian’s being scapegoated?
    * Update on his views on gold
    * His views on movement to cashless society
    * Are we moving away from a free society?
http://english.pravda.ru/news/business/19-05-2015/130638-cash-0/

Click on image for article.

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February 15, 2017 Posted by | Economics, EndTimes, GeoPolitics, Social Trends | , , , , , , , , , , , , , , , , , , , , , | 1 Comment

America’s Biggest Creditors Dump Treasuries in Warning to Trump

  • America’s Biggest Creditors Dump Treasuries in Warning to Trump
    by Brian Chappatta, http://www.bloomberg.com/
    * Japanese investors cull U.S. government debt by most since ’13
    * Currency-hedged returns were worst on record last quarter

    In the age of Trump, America’s biggest foreign creditors are suddenly having second thoughts about financing the U.S. government. In Japan, the largest holder of Treasuries, investors culled their stakes in December by the most in almost four years, the Ministry of Finance’s most recent figures show. What’s striking is the selling has persisted at a time when going abroad has rarely been so attractive. And it’s not just the Japanese. Across the world, foreigners are pulling back from U.S. debt like never before.

    From Tokyo to Beijing and London, the consensus is clear: few overseas investors want to step into the $13.9 trillion U.S. Treasury market right now. Whether it’s the prospect of bigger deficits and more inflation under President Donald Trump or higher interest rates from the Federal Reserve, the world’s safest debt market seems less of a sure thing — particularly after the upswing in yields since November. And then there is Trump’s penchant for saber rattling, which has made staying home that much easier.

    read more.

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February 14, 2017 Posted by | Economics | , , , , , , , , , | Leave a comment

‘Le Pen Will KILL The EU’ French Presidential Frontrunner Fears Rival Will DESTROY Bloc

http://www.express.co.uk/news/world/766894/Emmanuel-Macron-fears-Marine-Le-Pen-will-kill-European-Union-France-president-election

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http://www.voxeurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

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http://www.b92.net/eng/news/world.php?yyyy=2012&mm=06&dd=20&nav_id=80854

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http://www.theguardian.com/world/2014/feb/17/eurozone-countries-united-states-europe-viviane-reding

Only 10 countries out of the 18 will form the “United States of Europe”. This is the endtimes 10 Horn Beast empire. Click on image for article.

http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

Click on image for article.

February 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment

EURO HUMILIATION: Germany ‘Freaked Out’ as Greece ‘Could Ditch EU Currency for US DOLLAR’

Euro-on-fire

  • EURO HUMILIATION: Germany ‘Freaked Out’ as Greece ‘Could Ditch EU Currency for US DOLLAR’
    by NICK GUTTERIDGE IN BRUSSELS
    GREECE could be poised to humiliate Brussels by ditching the euro and instead choosing to be tied to the US dollar, Donald Trump’s reported pick as EU ambassador has sensationally claimed.


    Professor Ted Malloch revealed that senior Greek economists have enquired about the possibility of adopting the greenback if the country crashes out of the single currency. He asserted that Athens is so desperate it is prepared to tie itself to the dollar on the same terms as the likes of Puerto Rico if it means being able to quit the eurozone.

    And Prof Malloch said German leaders including Angela Merkel were “freaked out” at the humiliating possibility of losing Greece to a rival currency, which would be a devastating blow to the EU project. Tying Greece temporarily to the US dollar would be one way for the authorities in Athens to ensure that its currency does not completely tank if it leaves the eurozone, as would likely occur with a reissued drachma.

    read more.

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February 14, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , , | Leave a comment