Showing posts with label Bilderberg Group. Show all posts
Showing posts with label Bilderberg Group. Show all posts

Saturday, August 29, 2015

Financial Fascism - The Elimination of Physical Currency

“Fascism should more appropriately be called Corporatism because it is a merger of
state and corporate power.” ― Benito Mussolini, 1932
Paul Joseph Watson (Aug 28, 2015) - The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power. Entitled "The case for retiring another ‘barbarous relic’", the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.”

“The existence of cash — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory,” states the article. Complaining that cash cannot be tracked and traced, the writer argues that its abolition would, “make life easier for a government set on squeezing the informal economy out of existence.” Abolishing cash would also give governments more power to lift taxes directly from people’s bank accounts, the author argues, noting how “Value added tax, for example, could be automatically levied — and reimbursed — in real time on transactions between liable bank accounts.”


Totalitarianism of the European Financial Oligarchy - Votes change nothing!
The writer also calls for punishing people who use cash by making users “pay for the privilege of anonymity” so they will, “remain affected by monetary policy.” Dated bank notes would lose their value over time, while people would also be charged by banks for swapping electronic reserves for physical cash and vice versa. The article echoes an argument made by Kenneth Rogoff, former chief economist of the International Monetary Fund, who has called for high denomination banks notes such as the €100 and €500 notes to be phased out of existence. Rogoff attended a meeting in London earlier this year where he met representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks. The issue of banning cash was at the forefront of the agenda. Last year, Rogoff also called for “abolishing physical currency” in order to stop “tax evasion and illegal activity” as well as preventing people from withdrawing money when interest rates are close to zero. 

The agenda to ban cash was also discussed at this year’s secretive Bilderberg Group meeting, which was attended by the Financial Times’ chief economics commentator Martin Wolf. Former Bank of England economist Jim Leaviss penned an article for the London Telegraph earlier this year in which he said a cashless society would only be achieved by “forcing everyone to spend only by electronic means from an account held at a government-run bank,” which would be, “monitored, or even directly controlled by the government.” In the UK, banks are treating the withdrawal of cash in amounts as low as £5,000 as a suspicious activity, while in France, citizens will be banned from making cash payments over €1,000 euros from Tuesday onwards. The withdrawal and deposit of cash over the amount of €1,000 euros will also be subject to ID verification. “There is no more egregious anti-liberty economic policy imaginable than banning cash,” writes Michael Krieger. “Of course, if cash were involuntarily “ended,” there would be a surge in demand for physical gold and silver, which would then necessitate a ban on those items. Then the cycle of economic and financial tyranny would be complete, and crawling our way out of it, nearly impossible.”

Sunday, July 5, 2015

Greek Referendum Logistics provided by CIA-Goldman Sachs-Bilderberger Clique

"Those who vote decide nothing. Those who count the vote decide everything."
The logistics for the Greek referendum on the EU austerity proposal on July 5th are provided by Singular Logic, an US company closely related to the CIA, Pentagon, NATO, the Bilderberger Group and Goldman Sachs. 

With headquarters in Athens, Singular Logic carries out US government contracts with confidentiality duty orders from the Pentagon and the NATO framework. Right now Singular Logic organized this referendum, provided and installed electronic voting machines and will count the ballots and votes tonight on behalf of the Greek Ministry of Interior. SingularLogic was bought only in December 2014 by the US investment firm Kohlberg, Kravis, Roberts & Co (KKR) when it became clear that Syriza would take over the government of Greece. Since decades KKR and Goldman Sachs cultivate intimate business relations. In 2004 it was Goldman Sachs helping the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. Henry R. Kravis, the owner of Singular Logic, participated in the April 2015 Bilderberger meeting in Austria while former CIA Director General David H. Petraeus is chairman of the dubious "KKR Global Institute". Credits: Mathias Broeckers