Phantom Profits, Financial Derivatives, and the Rise of Credit/Debt ultimately benefits a specific class – we can see where this policy leads.
Even economists are beginning to wake up to this wealth transfer and zombie corporations.
Phantom Profits, Financial Derivatives, and the Rise of Credit/Debt ultimately benefits a specific class – we can see where this policy leads.
Even economists are beginning to wake up to this wealth transfer and zombie corporations.
Beware of regulations, mandates, and policy enforcement.
The Bank of England (“BoE” is the UK’s Central Bank) published a press release in July 2017 revealing they now allow a new generation of non-bank payment service providers eligibility for a settlement account in the BoE’s real-time gross settlement (RTGS) system with direct access to the UK’s sterling payment systems that settle in sterling central bank money, including Faster Payments, Bacs, CHAPS, LINK, Visa, and the new digital cheque imaging system.
This appears to me that the banking cartel is preparing the path for FINTECH and blockchain developers!
If you do not read the full text, then remember these key points:
” Digital wallets draw funds from payment cards or bank accounts. Marketplace loans most often depend on loan origination by a bank partner. And payment innovations often “settle up” over legacy payment rails, like the automated clearinghouse system.(While Bitcoin is a notable exception, many consumers still rely on connecting their bank accounts with Bitcoin exchanges to convert their fiat currency to virtual currency and vice-versa.)”
[…]
“As envisioned by the OCC, obtaining a special purpose charter would have the practical effect of allowing certain fintech companies to potentially bypass the need for connecting to a bank for certain purposes in favor of becoming licensed as banks themselves. The OCC’s proposal raises interpretive and policy issues for the Federal Reserve regarding whether charter recipients would become Federal Reserve members or have access to Federal Reserve accounts and services, such as direct access to payment systems.”
[…]
“In the European Union, beginning in 2018, member states will be required to start implementing the European Parliament’s revised Payment Services Directive (PSD2).” -Governor Lael Brainard
Is the ECB sharpening its tyrannical teeth? I read the recent express headline and thought this follows what I have been expecting from the ECB. Expecting the tyrant to become more authoritarian as it matures is the correct forecast in…
You must hear the real Greek Tragedy!
The “Big-Money” speculation has begun about upcoming elections in France.
They were wrong about BREXIT, and wrong about Clinton victory, and now “Big Money” wants to influence French elections.
When the economy shifts into recession mode, employers tend to start cutting back hours, and that is happening right now.
PANIC:
Is when institutions conjure up visions of the populous not buying products, not showing up for work, withdrawing their assets from the banks, and in other words boycotting institutions where institutions loose all their control due to lack of public support and trust.
That is indeed a nightmare for globalists and their institutions.
The influential power hidden in the shadows of banking, governments, religions, and other elite constructs would panic.
“People’s dignity is worth more than illegal, illegitimate, odious and unsustainable debt”
“Keep in mind, do not have all your money in one place. Keep a stock of cash outside the bank. Cash is recognizable for daily transactions for now.”
Continue to increase your awareness, knowledge, and skills.
You will not drown in the propaganda, the state of emergency, the national security state, the fear and war mongering.
A paid-for-by-the-taxpayer office tower for the ECB, accompanied by military tanks and forces to protect bankers.
In your face evidence that the police and militaries are policy enforcers and security for the money masters.
Deny this only as an act of Willful Ignorance…
The ECB (European Central Bank) decision to strike Greek bonds off its list of accepted collateral caused European shares and bonds to fall…
The IMF delayed providing the loans to Ukraine as promised and that led to food panics and the collapse in the currency.
Greek demand for gold coins is rising as common citizens worry that Greece will exit the Euro. They have been taking cash out of the banks hoarding and buying gold coins as well according to the U.K. Royal Mint. But the bulk are simply hoarding cash and we are starting to see US dollars flowing to Greece in the physical context. This is all about confidence. The uncertainty of the future causes people to hoard. -Armstrong
Varoufakis has said that Greece wants “a bridging program between now and the end of May, which would give us space – all of us – to carry out these deliberations and in a short space of time come to an agreement.”
However, Dijsselbloem told reporters when asked about Greece’s requests: “We don’t do bridging loans.”