Category: Economy

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EU Funds Test of Biometric Payments from Digital Wallets – ReclaimTheNet 12/19/22

Source: ReclaimTheNet.org

The EU Commission will provide funds to a consortium whose job is to launch a payments pilot for the bloc’s wallet.

The NOBID (Nordic-Baltic eID Project) has been chosen to head a multi-national consortium comprising a number of companies such as Thales and iProov, who are expected to start the pilot focusing on payments – one of four EU digital identity pilots – in March 2023.

Continue reading “EU Funds Test of Biometric Payments from Digital Wallets – ReclaimTheNet 12/19/22”

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State AGs Sound Alarm About BlackRock, Vanguard Buying Large Stakes in Utilities – TheEpochTimes 12/19/22

Source: TheEpochTimes.com

Berkshire Hathaway vice chairman says he doesn’t want Larry Fink to ‘be my emperor’

The acquisition by investment managers BlackRock and Vanguard of ever-increasing shares in America’s public utility companies is setting off alarm bells from conservatives and progressives alike.

Continue reading “State AGs Sound Alarm About BlackRock, Vanguard Buying Large Stakes in Utilities – TheEpochTimes 12/19/22”

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The Forgotten Fourth Function of Money & G-SIBs – JamesTurk 12/20/22

Source: LewRockwell.com

Money is routinely defined by what it does, rather than what it is. That is unfortunate because its modern definition overlooks money’s important – but now forgotten – fourth function.

Aristotle observed that money is a medium of exchange, unit of account, and store of value. This definition omits the fourth function needed to explain money and currency in our modern economy.

Continue reading “The Forgotten Fourth Function of Money & G-SIBs – JamesTurk 12/20/22”

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U.S. To Send More Wunderwaffen To Ukraine – MoonOfAlabama 12/14/22

Source: MoonOfAlabama.org

U.S. To Send More Wunderwaffen To Ukraine

A new round of Wunderwaffen deliveries to Ukraine is taking place. It is unlikely to change the strategic or even operational picture of the war.

The U.S. and its ‘allies’ are engaged in a boil-the-frog operation in which they steadily increase the lethality and complexity of arms and other support they deliver to Ukraine. At some point in time this process will cross Russian red lines. That’s when it will become really interesting …

The newest gimmick to be deployed is the Patriot air defense system likely soon to be followed by main battle tanks:

Continue reading “U.S. To Send More Wunderwaffen To Ukraine – MoonOfAlabama 12/14/22”

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Senate Passes Massive $858 Billion NDAA – Antiwar 12/15/22

Source: Antiwar.com

The Senate on Thursday night passed the massive $858 billion National Defense Authorization Act (NDAA) in a vote of 83-11. The spending bill has already been approved by the House and now heads to President Biden’s desk for his signature.

The $858 billion bill is $45 billion more than Biden asked for and represents an 8% increase from the 2022 NDAA. It marks the second year in a row that Congress added tens of billions of dollars to the president’s original request, as massive military spending is popular on both sides of the aisle.

Continue reading “Senate Passes Massive $858 Billion NDAA – Antiwar 12/15/22”

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Who Is Purposely Sabotaging Power Plants All Over America? – MichaelSnyder 12/8/22

Source: EndOfTheAmericanDream.com

Someone has been attacking power plants all over the country, and federal authorities are trying to determine who it is.  In recent days, we have seen significant sabotage on both the east and west coasts, and so it can’t just be one individual that is responsible.  During the first eight months of this year, there were a total of 106 attacks on the electrical grid in the United States, and that represents the highest number ever recorded in a single year.  Hopefully authorities will be able to get to the bottom of this mystery, because winter will soon officially begin.  If power goes out in your neck of the woods for an extended period of time during the months ahead, what will you do?

Continue reading “Who Is Purposely Sabotaging Power Plants All Over America? – MichaelSnyder 12/8/22”

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The Debate Between Gold and Bitcoin in 2023 – AlasdairMacleod 12/8/22

Source: GoldMoney.com

The FTX scandal has thrown the future of cryptocurrencies into doubt. Supporters of bitcoin, which has proved to be remarkably robust at a time when the whole cryptocurrency ecosystem is threatened by scandal and a systemic collapse, are still asserting that it is the future money.

This article addresses a number of issues that next year will make or break bitcoin’s claim over gold. Besides the interest of governments to prevent it having any monetary role, hodlers ignore the legal status of gold as money, and the different treatment likely to be accorded to bitcoin in criminal law. Furthermore, bulls of bitcoin are mainly only that: speculators hoping for a profit measured in their fiat currencies.

Continue reading “The Debate Between Gold and Bitcoin in 2023 – AlasdairMacleod 12/8/22”

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Growing Number of CEOs Issue Warnings About Retail Theft ‘Epidemic’ Across US – TheEpochTimes 12/8/22

Source: TheEpochTimes.com

Walmart CEO warns locations may close and ‘prices will be higher’

Last week, an 83-year-old Home Depot worker was killed after being shoved by a thief at a North Carolina location, officials said. Gary Rasor, the worker, attempted to confront a suspect who was making off with three power washers before he was pushed to the ground; he later died because of complications from his injuries.

Continue reading “Growing Number of CEOs Issue Warnings About Retail Theft ‘Epidemic’ Across US – TheEpochTimes 12/8/22”

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Washington Post Hemorrhages 500,000 Subscribers In Biden Era – ZeroHedge 12/9/22

Source: ZeroHedge.com

Mainstream media has been on a deathbed for the better part of a decade as newsrooms shuttered, and more importantly, trust with the American people collapsed because of the frequently biased reporting and spread of disinformation. Legacy media is at the mercy of big corporations and the government and is entirely out of touch with everyday folks.

Continue reading “Washington Post Hemorrhages 500,000 Subscribers In Biden Era – ZeroHedge 12/9/22”

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Defense Aid To Ukraine Tops $20 Billion As New $275M Package Announced – ZeroHedge 12/9/22

Source: ZeroHedge.com

The Biden administration on Friday unveiled another $275 million in weapons and defense equipment for Ukraine, which crucially will come via the presidential drawdown authority.

This means the Pentagon will pull arms from its own stockpiles to send to Ukraine to fulfill this package, despite defense officials having long been on record expressing deep concern over dwindling supplies necessary to protect and defend America….

Read More…

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Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments – ZeroHedge 12/8/22

Source: ZeroHedge.com

A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs).

In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country’s Central Bank Digital Currency (CBDC), the eNaira, it was a massive failure.

Continue reading “Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments – ZeroHedge 12/8/22”

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America’s Insolvency is Mandatory – BrianMcGlinchey 12/1/22

Source: StarkRealities.substack.com

Forget annual budget dramas — federal spending is largely on autopilot and headed for a crash.

In October, the U.S. national debt reached $31 trillion, and the government is projected to wade another trillion dollars into the red in the 2023 fiscal year. The longer-term picture is even gloomier, with the deficit expected to double to $2 trillion by 2030.

Continue reading “America’s Insolvency is Mandatory – BrianMcGlinchey 12/1/22”

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War on Global Agriculture: The Unsustainable ‘Sustainable’ UN Agenda 2030 – F.WilliamEngdahl 11/30/22

Source: williamengdahl.com

Over the past weeks a coordinated all-out assault on our agriculture—the ability to produce food for human existence—has begun. The recent G20 governmental meeting in Bali, the UN Agenda 2030 Cop27 meeting in Egypt, the Davos World Economic Forum and Bill Gates are all complicit. Typically, they are using dystopian linguistic framing to give the illusion they are up to good when they are actually advancing an agenda that will lead to famine and death for hundreds of millions not billions if allowed to proceed. It’s driven by a coalition of money

Continue reading “War on Global Agriculture: The Unsustainable ‘Sustainable’ UN Agenda 2030 – F.WilliamEngdahl 11/30/22”

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Who Is Killing The Crypto Millionaires? – MichaelSnyder 11/29/22

Source: theeconomiccollapseblog.com

Are some of the cryptocurrency industry’s most important pioneers being targeted by someone?  We just learned that a 53-year-old cryptocurrency billionaire named Vyacheslav Taran has died, and he is the third big name to suddenly meet his maker in recent weeks.  So is this just one giant coincidence, or is there some common denominator that links all three of them?  There is so much that we don’t know right now, but it is interesting to note that all three of these deaths have happened at a time when the cryptocurrency community is going through an unprecedented amount of turmoil.  The collapse of FTX is threatening the legitimacy of the entire industry, and many that were once crypto millionaires on paper have had their fortunes completely wiped out.

Continue reading “Who Is Killing The Crypto Millionaires? – MichaelSnyder 11/29/22”

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Google Strikes $9.4 Million Settlement With FTC For Paying DJs And Influencers To Praise Phones They Never Touched – TechDirt 12/2/22

Source: TechDirt.com

The FTC and four state attorneys general this week struck a $9.4 million settlement with Google over allegations that Google covertly paid celebrities money to promote a phone none of them had ever used.

The FTC’s announcement states that the agency had previously filed suit against Google and iHeartMedia for airing nearly 29,000 deceptive endorsements by radio personalities and influencers, promoting their use of and experience with Google’s Pixel 4 phone in 2019 and 2020. The FTC and state AGs said the DJs and influencers had never actually so much as touched the phones, violating truth in advertising rules…

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The Global South Births a New Game-Changing Payment System – TheCradle 11/30/22

Source: TheCradle.co

Challenging the western monetary system, the Eurasia Economic Union is leading the Global South toward a new common payment system to bypass the US Dollar.

The Eurasia Economic Union (EAEU) is speeding up its design of a common payment system, which has been closely discussed for nearly a year with the Chinese under the stewardship of Sergey Glazyev, the EAEU’s minister in charge of Integration and Macro-economy.

Continue reading “The Global South Births a New Game-Changing Payment System – TheCradle 11/30/22”

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How Blackrock’s Larry Fink Created the Global Energy Crisis – F.WilliamEngdahl 11/15/22

Source: williamengdahl.com

Most people are bewildered by what is a global energy crisis, with prices for oil, gas and coal simultaneously soaring and even forcing closure of major industrial plants such as chemicals or aluminum or steel. The Biden Administration and EU have insisted that all is because of Putin and Russia’s military actions in Ukraine. This is not the case. The energy crisis is a long-planned strategy of western corporate and political circles to dismantle industrial economies in the name of a dystopian Green Agenda. That has its roots in the period years well before February 2022, when Russia launched its military action in Ukraine.

Continue reading “How Blackrock’s Larry Fink Created the Global Energy Crisis – F.WilliamEngdahl 11/15/22”

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Sam Bankman-Fried and the Pandemic Industrial Complex – MichaelP.Senger 11/18/22

Source: michaelpsenger.substack.com

The collapse of Sam Bankman-Fried and his fraudulent cryptocurrency empire at FTX is news at its most entertaining. Who doesn’t love the story of a bigshot billionaire revealed to be an outright fraud? It’s black-and-white. FTX owes billions in debt and doesn’t actually own a dime of the assets it claimed. Game over.

Continue reading “Sam Bankman-Fried and the Pandemic Industrial Complex – MichaelP.Senger 11/18/22”

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The Covid/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried – JeffreyA.Tucker 11/18/22

Source: Brownstone.org

A series of revealing texts and tweets by Sam Bankman-Fried, the disgraced CEO of FTX, the once high-flying but now belly-up crypto exchange, had the following to say about his image as a do-gooder: it is a “dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.”

Very interesting. He had the whole game going: a vegan worried about climate change, supports every manner of justice (racial, social, environmental) except that which is coming for him, and shells out millions to worthy charities associated with the left. He also bought plenty of access and protection in D.C., enough to make his shady company the toast of the town.

Continue reading “The Covid/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried – JeffreyA.Tucker 11/18/22”

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Can a Deeply Unserious America Fix Its Economy? – JeffDeist 11/25/22

Source: LewRockwell.com

Does America simply lack the political will to face economic reality?

In the teeth of the Depression, Treasury secretary Andrew Mellon famously told President Herbert Hoover to “liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate”—in other words, to resist bailing out any industry through state intervention. This was a tough sell even in those days, and of course Hoover succumbed to politics and took the opposite approach, greatly and needlessly damaging the US economy for decades to come.

Continue reading “Can a Deeply Unserious America Fix Its Economy? – JeffDeist 11/25/22”

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Crypto Fraud Exposes Woke Capitalism As A Scam – MichaelShellenberger 11/17/22

Source: MichaelShellenberger.substack.com

Sam Bankman-Fried, the founder of FTX, which was, until last week, the world’s second-largest cryptocurrency exchange, is today facing prison time for allegedly defrauding his customers of billions of dollars. Bankman-Fried, 30, donated to many progressive causes allied with the “effective altruism movement,” including pandemic prevention and response. He spoke at, and presumably donated to, the World Economic Forum’s Davos conference last May and the Clinton Foundation’s Clinton Global Initiative in September. Bankman-Fried is similar to Bernie Madoff in that both men used philanthropic giving, and the veneer of humility, to create a positive reputation while running pyramid schemes that should have set off red flags among investors, regulators, and journalists….

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New York Fed Announces Test of Digital Dollar with Major Banks – WashingtonExaminer 11/15/22

Source: WashingtonExaminer.com

The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.

The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger….

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Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22

Source: GoldMoney.com

At these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of the differences between money, currency, and credit. This article traces the history and legal background to these relationships.

Despite the failure of the Bretton Woods agreement in 1971 and the state propaganda that followed, the position is clear. Both historically and legally money is and remains metallic coin — principally gold — and the rest is credit. 

Continue reading “Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22”

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I Used To Be Disgusted, Now I’m Disabused – CharlesHughSmith 11/10/22

Source: OfTwoMinds.com

It’s certainly possible to be disgusted, but being disabused of the fantasy that the system is self-correcting is the healthier perspective.

I used to be disgusted, now I’m disabused: beneath all the self-serving narratives, fad-memes and over-simplifications regurgitated as serious analysis, these are the core dynamics I see:

1. Imperial corruption of democracy and open markets. I described this in Regardless of Who’s Elected, Imperial Corruption Rules the Nation: the dynamic adaptive churn of unfettered representative democracy and open markets are anathema to insiders, vested interests and elites, each of which has gained asymmetric power by subverting democracy and markets to serve their private interests rather than the public interest / common good–phrases that are meaningless to insiders, vested interests and elites except as simulacra used for PR.

Continue reading “I Used To Be Disgusted, Now I’m Disabused – CharlesHughSmith 11/10/22”

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At Least $1 Billion of Customer Funds Missing from Collapsed Crypto Exchange FTX, CEO 2nd Biggest Donor to Democrats – Cryptogon 11/13/22

Source: Cryptogon.com

CEO of cratering crypto firm FTX is Dems’ second largest donor, behind Soros:

Sam Bankman-Fried, the CEO of crypto exchange company FTX, and the second biggest donor to the Democrat party, is in hot water as his company is in financial freefall with over $1 billion missing.

According to Fortune, “30-year-old Bankman-Fried has been a major force in Democratic politics, ranking as the party’s second-biggest individual donor in the 2021–2022 election cycle.”

Continue reading “At Least $1 Billion of Customer Funds Missing from Collapsed Crypto Exchange FTX, CEO 2nd Biggest Donor to Democrats – Cryptogon 11/13/22”

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The Election Won’t Change Much in DC. The Real Battle Is Now in the States. – RyanMcMaken 11/10/22

Source: Mises.org

The votes are still being counted, but one thing is already clear: very little will change in Washington after this election.

The House of Representatives will likely be controlled by Republicans, but the majority enjoyed by the GOP in the House will be small. This will provide a veto over some of the worst legislation being pushed by the Biden administration, but history has made it abundantly clear that the GOP is more than willing to compromise and “work with” Democratic administrations rather than simply kill bills.

Continue reading “The Election Won’t Change Much in DC. The Real Battle Is Now in the States. – RyanMcMaken 11/10/22”

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The WEF’s Stakeholder Capitalism Is Just Global Fascism By Another Name – BrandonSmith 11/8/22

Source: alt-market.us

The concept of “fascism” was originally entered into the Encyclopedia Italiana by Italian philosopher Giovanni Gentile, who stated that “Fascism should more appropriately be called corporatism because it is a merger of state and corporate power.” Benito Mussolini would later take credit for the quote as if he had written it himself, but it’s important to note because it outlines the primary purpose of the ideology rather than simply throwing the label around at people we don’t like as a dishonest means to undermine their legitimacy.

Continue reading “The WEF’s Stakeholder Capitalism Is Just Global Fascism By Another Name – BrandonSmith 11/8/22”

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The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages – Mises 11/4/22

Source: Mises.org

In another sign of weakness for the job market, the total number of employed persons in the United States fell, month over month, in October. That’s the third time in the last seven months this total has fallen, dropping to approximately 158 million.

Continue reading “The Number of Employed Workers Fell in October and Price Inflation Continues to Outpace Wages – Mises 11/4/22”

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Twitter Advertiser Boycott Organized by Dark Money Soros, Clinton, and Foreign Networks – TheDossier 11/4/22

Source: dossier.substack.com

The campaign to pull corporate advertising from Twitter, following its purchase by SpaceX founder Elon Musk, is being led by a network of left wing dark money activists with ties to prominent Democrat politicians and mega donors.

Continue reading “Twitter Advertiser Boycott Organized by Dark Money Soros, Clinton, and Foreign Networks – TheDossier 11/4/22”

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$2.5 Quadrillion Disaster Waiting to Happen – USAWatchdog 11/1/22

Source: usawatchdog.com

Egon von Greyerz (EvG) stores gold for clients at the biggest private gold vault in the world buried deep in the Swiss Alps. EvG is a financial and precious metals expert.  EvG is a former Swiss banker and an expert in risk.  He says the risk in the global markets has never been this high.

Continue reading “$2.5 Quadrillion Disaster Waiting to Happen – USAWatchdog 11/1/22”

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The Real Estate Bubble Is Losing Air and a Financial Crisis Is Coming – PeterSchiff 11/2/22

Source: SchiffGold.com

Artificially low interest rates blew up a big housing bubble. In a podcast, Peter Schiff explained that it is actually a bigger bubble than the one preceding the 2008 crash. But this time, it is combined with an overall bubble in the entire economy that dwarfs ’08. Peter said all of this has the makings of another massive financial crisis.

Continue reading “The Real Estate Bubble Is Losing Air and a Financial Crisis Is Coming – PeterSchiff 11/2/22”

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Vanguard and Blackrock Own the Entire World: We Are Already a New Global World Order in the Making – GaryD.Barnett 11/1/22

Source: LewRockwell.com

“Forget the politicians. The politicians are put there to give you the idea you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land, they own and control the corporations that’ve long since bought and paid for, the Senate, the Congress, the state houses, the city halls, they got the judges in their back pocket, and they own all the big media companies so they control just about all of the news and the information you get to hear. They got you by the balls. They spend billions of dollars every year lobbying to get what they want. Well, we know what they want. They want more for themselves and less for everybody else. But I’ll tell you what they don’t want. They don’t want a population of citizens capable of critical thinking. They don’t want well-informed, well-educated people capable of critical thinking. They’re not interested in that. That doesn’t help them.”

~ George Carlin

Continue reading “Vanguard and Blackrock Own the Entire World: We Are Already a New Global World Order in the Making – GaryD.Barnett 11/1/22”

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When the Sucker’s Rally Ends, the Dollar Will Crash – PeterSchiff 10/24/22

Source: SchiffGold.com

The world loves dollars. Whenever there is a problem, people flock to the dollar as a safe haven. But the US has problems of its own. In a podcast, Peter Schiff said America’s problems will eventually catch up to the dollar and at that point, the greenback will crash.

Continue reading “When the Sucker’s Rally Ends, the Dollar Will Crash – PeterSchiff 10/24/22”