Tag Archive | economy

12 American Foods that are Banned in Other Countries*

12 American Foods that are Banned in Other Countries*

By Amy Goodrich

Americans are slowly waking up to the sad fact that their food supply is packed with hazardous and toxic compounds. 

Many of the American foods you may be eating on a daily basis are banned in other countries because they contain compounds that are known to cause inflammation, growth defects and cancer.

For some reason the U.S. government and FDA allows these toxic foods to end up in our supermarkets while other countries have taken them off the shelves.

  1. Pink Slime

Pink slime is a name used for processed low-grade beef trimmings and meat by-products. They use ammonium hydroxide in their processing, which is banned in many other countries outside the US.

This pink slime is often added to processed foods. Products can contain up to 15% without additional labelling.

Banned in: Canada, U.K., and E.U.

  1. Farm-Raised Salmon

    Farm raised salmons are fed with an unnatural diet of GMO grains and dangerous chemicals such as synthetic astaxanthin (derived from petrochemical) and antibiotics.

    It causes their flesh to become grey-ish instead of the pink-red of wild salmon. Avoid all Atlantic salmon as these are mostly coming from fish farms.

    Look for the “Alaskan salmon” and “sockeye salmon, both not allowed to be farmed.

    Banned in: Australia and New Zealand

  2. Hormone-infused Beef and Dairy

Many of the American cows are fed synthetic hormones to increase meat or milk production. These hormones (rBGH and rBST) end up in the meat and dairy products we consume.

Non-organic meat or dairy has been linked to breast, colon, and prostate cancers.

Banned in: Australia, New Zealand, Israel, E.U., and Canada.

  1. Genetically Modified Papaya

    Many of the papayas Americans eat are genetically engineered to be resistant to the ringspot virus.

    Studies show that animals fed GMO food, such as corn and soy, have an increased risk of organ damage, tumours, birth defects, premature death, and sterility.

    Banned in: E.U.

  2. Bread With Potassium Bromate

    Commercial baking companies enrich their flour with potassium bromate to reduce the baking time and make the dough more elastic.

    Too much potassium bromate can cause kidney and nerve damage, thyroid issues, digestive disorders, and cancer.

    Banned in: Canada, China and the E.U.

  3. Ractopamine-Tained Meat

    Ractopamine is a growth stimulator widely used in the U.S. to increase the weight of pigs, cattle, and turkey. It has been linked to cardiovascular issues, birth defects, and hyperactivity.

    Banned in: 160 countries across Europe, Russia, China, and Taiwan

  4. Arsenic-Laced Chicken

    Arsenic-based drugs are used to make the chickens grow faster and it makes their meat pinker which gives it a fresher look. Inorganic arsenic is a known carcinogen.

    Banned in: E.U.

  5. Drinks With Brominated Vegetable Oil (BVO)

    Mountain dew and a few other citrus-flavoured sports drinks are emulsified with brominated vegetable oil (BVO).

    Its main compound is bromine, which is used as a flame retardant. Too much bromine can lead to iodine deficiency, skin rashes, acne, fatigue, and cardiovascular problems.

    Banned: E.U. and Japan

  6. Preservative BHA and BHT

    Butylated hydroxyanisole (BHA) and butylated hydroxytoluene (BHT) are often used as a preservative in cereals, nut mixes, meat, beer, butter, and gum. It has been linked to certain allergies and may cause cancer.

    Banned in: infant food in the U.K., parts of the E.U., and Japan.

  7. Bleached Flour

    Azodicarbonamide is often used by U.S. food companies to bleach flour quicker. This chemical, also found in shoe soles, has been linked to asthma and some types of cancer.

    Banned in: Singapore.

  8. Processed Foods With Artificial Food Colors

    Some of the food flavourings, additives, colours, and preservatives used in the U.S. are banned in other counties because they are made from coal tar and petroleum.

    These include red 40 and yellow 5 which can cause hyperactivity, brain and nerve damage, birth defects, allergies, and cancer.

    Banned: Norway in, Austria and most of the E.U.

  9.  Olestra/Olean

    Olestra, aka Olean, is a substitute for fat in fat free products. It depletes essential vitamins and can cause anal leakages.

    Banned in: U.K., Canada and many other countries around the world.

    Always make sure to read food labels and eliminate all processed food out of your diet to avoid all these harmful chemicals. Opt for a healthy fresh, whole food diet instead.

Source*

Related Topics:

Here’s Why Most of the Meat Americans Eat is Banned in Other Industrialized Countries*

Brazil Has Now Refused All Imports of U.S. Grown GMO Crops*

How the U.S. Blocked the E.U. Ban on Animal Testing in Cosmetics*

Nestlé Removes GMOs from South African Baby Foods not U.S. Baby Foods*

Russia Sanctions Food from the West*

The GM Ban List is Getting Longer!

Worried About Your Cucumbers!

You Don’t Wanna Eat This Chicken!

China Bans American Shellfish over High Levels of Arsenic*

Fifth US Corn Cargo Rejected by China*

Accusations, Trade, Politics and E. Coli

 

Trump’s First Budget Not Looking Good for Citizens*

Trump’s First Budget Not Looking Good for Citizens*

The money goes to war, war, and more war…

By Tyler Durden

Here are some of the highlights from the latest batch of trial balloons:

 

  • Trump’s budget will include a massive nearly $200 billion cut to the Supplemental Nutrition Assistance Program, the modern version of food stamps, over the next 10 years – what amounts to a 25% reduction, according to The Washington Post.

 

 

  • The budget calls for about $800 billion in cuts to Medicaid for fiscal year 2018, WaPo reported.

 

  • The budget also calls for $2.6 billion in border security spending, $1.6 billion of which will be earmarked for Trump’s proposed wall along the U.S.’s southern border.

The budget is also expected to propose major domestic discretionary spending cuts – an earlier version of the budget called for $54 billion in such cuts next year alone.

Predictably, Democrats are already up in arms over the proposal, even though a formal draft isn’t expected until Tuesday.

In a statement cited by Bloomberg, New York Senator Senator Chuck Schumer clumsily compared Trump’s campaign rhetoric to a “Trojan Horse.”

“This budget continues to reveal President Trump’s true colours: His populist campaign rhetoric was just a Trojan horse to execute long-held, hard-right policies that benefit the ultra-wealthy at the expense of the middle class,” Bloomberg noted.

Well, at least Trump didn’t promise that if Americans liked their healthcare plan, they can keep it.

To be sure, Republicans have also expressed some discomfort with the cuts, particularly Trump’s plan to whack $54 billion in discretionary spending. Mitch McConnell even told Bloomberg that Congressional Republicans would ultimately end up writing their own budget, the same way Senate Republicans are rewriting Obamacare repeal.

Trump has promised to balance the federal government’s budget in 10 years, though, as Democrats have noted, the projection is dependent on economic growth accelerating to 3% following the passage of massive tax cuts, and no recession over the next decade, a rather bold assumption. Meanwhile, growth collapsed to an annualized rate of just 0.7% in the fist quarter, the slowest rate in three years, while loan demand has plunged to the lowest level in 6 years. Meanwhile, the Committee for a Responsible Federal Budget claims that rather than reining it in our national debt, Trump’s tax cuts would make the debt much worse.

Source*

Belgian Analyst: U.S. Born out of Violence Needs War to Survive*

Related Topics:

The U.S. is Back in Recession with Interest Rates Already at Zero*

Chinese Billionaire Says U.S. Wasted Trillions on Wars and Wall Street and Forgot about their Citizens*

Is U.S. Deep State in Deep Trouble?*

Trump To Continue Bankrupting The U.S. Through Foreign Wars*

Trump Wastes over $94mn in Taxpayer’s Money on Ineffective Syrian Airstrikes*

World Rushes to De-Dollarize Oil Trade Before U.S. Economy Crashes*

Puerto Rico’s $123 Billion Bankruptcy Is the Cost of U.S. Colonialism*

Rapidly Declining U.S. Exports*

The U.S. Spent a Half Billion on Mining in Afghanistan with ‘Limited Progress’*

U.S. Has Spent $11.5 Million A Day for Past 542 Days Straight in Fight against ISIS*

U.S. Navy Just Spent $2.1bn on a Fancy Transport Fleet That Sinks*

U.S. has Already Spent Five Billion Dollars to Subvert Ukraine*

U.S. Military is Building a $100mn Drone Base in Africa*

U.S.-U.K. Paid “White Helmets” Help to Block Water to 5 Million Thirsty Syrians*

Tens of Thousands March Across U.S. Demanding Donald Trump Release His Tax Returns*

U.S. Tax Dollars and Companies Support Sex Traffickers in Iraq*

The U.S. Looking for War

U.S. Government Admits Social Security Going Bankrupt*

The Usury Based System. Towards A Worldwide Financial Disaster?*

The Usury Based System. Towards A Worldwide Financial Disaster?*

By Jonas E. Alexis, Richard C. Cook

New World Order agents are in charge of all Western governments and of the military-industrial-intelligence-media complex, and they have shown themselves capable of killing anyone who gets out of line, as they did to JFK, perpetrating false flag events to stampede the populace into obedience, as they did with 9-11, or destroying whole nations as they did with Yugoslavia, Iraq, Libya, and now Syria.

Richard C. Cook is a retired federal government analyst. In his 32-year career he worked for five civilian agencies and the Carter White House. While with NASA he documented the flaws with the space shuttle solid rocket booster and testified before the Presidential Commission on the Space Shuttle Challenger Accident. Unable to return to NASA after his testimony, he spent the rest of his career with the U.S. Treasury Department.

On retirement in 2007, Cook published a book on monetary policy entitled We Hold These Truths: The Hope of Monetary Reform.

Jonas E. Alexis: The issue of money scandals on a massive scale is always interesting because it brings out the inexorable relationship between capitalism and usury. For example, the illustration is used that “if Judas Iscariot had invested his thirty pieces of silver at just a few percentage points compound, repayable in silver as of today, the amount of silver required would be equivalent to the weight of the Earth.” There isn’t enough gold and silver in the universe to meet that challenge. In other words, the idea behind usury is an arithmetic impossibility.

But the oligarchs always try to come up with superficial and crazy ways to bypass that mathematical impossibility. Why? Well, they always attempt to come up with sophisticated ways to cheat the oppressed, the poor, and the needy.

For example, during the Roman Empire, after the death of Augustus, the rich started employing usury to increase their wealth. In the process, they largely “controlled any financial movements in the economy.” Eventually, during the decline of the Roman Empire, “the tenant-farmers were reduced to serfdom by their creditors.”

Usury was eventually condemned by all religious institutions, including Islam, Hinduism, and Buddhism, because it was viewed as a practice that oppressed the poor and needy and had the potential to bring about the collapse of economic progress. In Islam, for example, trade or fee is permitted, but usury is not.

Philosophers such as Plato, Aristotle, Cicero, Seneca, and Plutarch also condemned usury as unnatural (contra natura) and immoral. This discussion became so important in Plato’s Law that he ultimately not only advises that “no money should be lent at interest” but that “the borrower should be under no obligation to repay either capital or interest.”

Plato says in The Republic that the oligarchs gather their wealth through usury and by ruining the life of others, namely the poor. Aristotle called usury “the most hated” form of “getting wealth.” Marcus Porcius Cato, a Roman statesman who lived between 234 and 149 B.C., indirectly equates usury with murder.

As George Santayana put it, those who don’t know their history are doomed to repeat it. Over the centuries, usury has destroyed economic progress. And we are just repeating history here because compound interest is taking a huge toll on almost all the strata of the U.S. economy, especially among college students and home owners.

In early 2012, student loan debt reached $1 trillion, with the average graduate owing at least $25,000. During the same season, student debt rose by 8% and college tuition skyrocketed.313 Fifty-one-year-old Doug Wallace, who graduated from Eastern Kentucky University with a debt of $89,000, declared, “It’s like you’re not of much worth in society.” Courts are now finding that “debt collectors misled borrowers” with regard to student loans.

Kelsey Griffith, a student from Ohio, graduated with a debt of $120,000. Chelsea Grove, a Bowling Green State University drop-out, is now paying off a $70,000 debt, even though she has no intention of going back to school. Christina Hagan will have to pay off a $65,000 debt when she graduates from Malone University (an evangelical school).

Although she makes $60,000 a year as a state representative, “she plans to begin waiting tables in the next few weeks…to help pay down her student loans and credit cards.” Hagan has a message for the younger generation,

“I placed a priority on a Christian education and I didn’t think about the debt,” she said.

“I need my generation to understand that nothing is free.”

Capitalism makes usury not only sophistically alluring for the rich and powerful, but makes it legitimate, and for this purpose it has received widespread criticism. Capitalism is not just “wealth” or economic exchange in the free market. Soon or later usury is going to sneak in—the exclusion of ethical values in the pursuit of usurious contracts.

One anthropologist and historian who has studied this issue from the early centuries likened modern capitalism to “a structure designed to eliminate all moral imperatives but profit.” Over the centuries—most specifically during the twentieth century—Jewish intellectuals have refined usury in such a way that the masses are completely oblivious of what is actually going on. And their definition only works for the rich and powerful, not for the poor and the needy. William Deresiewicz of the New York Times, summarizing the avarice and usurious activity of the rich over the past few decades, tells us unapologetically:

“Enron, BP, Goldman, Philip Morris, G.E., Merck, etc., etc. Accounting fraud, tax evasion, toxic dumping, product safety violations, bid rigging, overbilling, perjury. The Walmart bribery scandal, the News Corp. hacking scandal—just open up the business section on an average day. Shafting your workers, hurting your customers, destroying the land. Leaving the public to pick up the tab. These aren’t anomalies; this is how the system works: you get away with what you can and try to weasel out when you get caught.”

In short, the oligarchs always use capitalism to suppress the poor and the needy. They always use ambiguous phrases such as “economic freedom” or “economic exchange” in order to sneak in usurious contracts into the economic equation. And if you are against “economic exchange,” they argue, then you must be a socialist or communist or something equally weird.

Those who don’t think that capitalism is a sophisticated way of cheating the masses probably don’t know what capitalism really is. That is why we are inviting Richard C. Cook to tell us a little bit about this because he spent years working in Washington.

Richard C. Cook: Since I retired in 2007, I have published several books and dozens of articles on public policy matters. My next book was on monetary policy and titled, We Hold These Truths: The Hope of Monetary Reform. This book consisted of a history of the U.S. monetary system and an explanation of why that system should be changed radically to avert further disasters.

In the book I predicted the financial collapse of 2008. Of course the changes I prescribed have not been made, and in the nine years since then the situation has become much worse. In fact, we likely have passed the point of no return.

Very few people understand how the Western banking system really works and how it differs from that which operates in such countries as Russia, China, and a few others, with partly controlled systems that still derive from their formerly communistic economies. Those who do understand are based in the world’s financial centres such as London, New York, Paris, Frankfurt, Milan, Basle, etc.

These are the owners and operators of the largest banks. Representatives of these privately-owned banks are assigned to manage national central banks, like the Bank of England and the Federal Reserve, and international quasi-public institutions like the International Monetary Fund.

One of my projects at the U.S. Treasury Department was to develop and teach training courses on the history of U.S. government finance. My research showed that in American history, the type of financial system based on central banking controlled by private interests used to be known as the “Jewish system.” I did not employ this term in teaching my classes because of the sensitivities involved. But to use it would not have been “anti-Semitic” as much as a statement of historical fact.

The Western financial system based on bank-issued debt as the dominant means of introducing money into circulation was created by medieval money-changers in Europe. By the time of the Renaissance, modern banking had begun to take form. There was also the assumption that if lending were backed by gold and silver held in the vaults of banking institutions that real value could always be counted on if promissory notes were called in.

But there are deeper structural problems. The inevitable consequence of any economy based on usury, depending of course on whether interest is simple or compound and also on the prevailing rate of interest, is that the wealth of that economy will gradually pass into the hands of the financial controllers. This fact has been known and understood since the system first appeared in ancient Babylon, as documented by Dr. Michael Hudson. Dr. Hudson even cites an ancient legend that the system was invented by the Devil to enslave human beings.

A usury-based system sucks the purchasing power out of the producing economy. This places every institution and individual within that economy under pressure to constantly generate an ever-increasing level of economic activity to stave off bankruptcy, ruin, and even starvation.

Historically, the system took a major step toward chaos when banks were allowed, by law, to lend more than they had on reserve. “Fractional reserve banking” was a natural outgrowth of the practice banks were permitted to engage in under the assumption that not everyone would want to redeem their paper notes with gold and silver at the same time.

Unfortunately, the more mature an economy becomes, the more the economic growth rate slows and the greater the stress involved in the simple act of living. Many cannot keep pace as the ranks of the poor grow. The ancient Hebrews recognized the peril of the system by mandating a periodic “Jubilee” when debts were forgiven.

In today’s economy, there is never a Jubilee. So in order to pay off debt, the economy must constantly grow. In order to make it grow, everything else must be sacrificed. When human values conflict, they must be pushed aside to serve growth. Ask any politician—economic growth must be constant; non-growth is disastrous.

Further, without regulation, companies are motivated to cut costs by wanton pollution, reducing wages, and overusing public infrastructure like highways without paying their fair share of taxes.

This is where Western society has arrived today. People and firms must constantly increase the rate of economic activity just to pay their debts, leading to increased resource consumption, brutal competition among individuals and nations, price inflation, war, crime, and breakdowns in health and social order. The idol of Mammon is voracious in demanding its blood tribute.

Because machines are increasingly better able to produce goods and services than people, technological unemployment is soaring even as human beings lose the income needed to purchase what must be produced. Vast numbers are increasingly left out of the economy, leading to human exploitation that in some parts of the world even includes a resurgence of human slavery.

Thus an economy that is incredibly productive on the one hand creates increasing misery on the other. Such an economy is unsustainable. The fault lies chiefly with the usury-based financial system. It is not that alternatives are not available. Different methods have been used at various times in history to introduce money into circulation apart from debt-based private banking.

The “Reagan Revolution” Killed the Economy

When I worked at the Carter White House in 1980, I convened a small group of experts to study alternative financial systems. In November 1980, however, President Jimmy Carter was voted out of office, and the “Reagan Revolution” began. This was actually a right-wing coup aided by the Federal Reserve’s crashing of the U.S. economy through radically increasing interest rates and the manipulation by Reagan’s supporters of the Iranian hostage crisis.

The “Reagan Revolution” consisted chiefly of completing the long-planned turnover of the U.S. producing economy to the banks and Wall Street, with factory jobs being outsourced to third-world countries. Privatization of public enterprises such as municipal water systems accelerated.

The changes were planned by academics from Harvard, the University of Chicago, and other elite universities. Attempts were made to apply the same logic around the world, including Russia during the 1990s, after the collapse of the Soviet Union. This trend in Russia has since been modified or even reversed.

But within the U.S., the process was completed under President Bill Clinton with NAFTA and the repeal of Glass-Steagall, a law that had prevented the merger of investment and commercial banking. Hence the rise to power of predatory firms like Goldman Sachs and the Carlyle Group.

These firms specialize in methods based on usury that are used to buy up whole companies, fire the employees, sell the domestic assets, and ship the remaining jobs overseas. It was all done by design under presidents who were mouthpieces for behind-the-scenes power.

Without sufficient domestic jobs combined with production that no one can afford to buy the bankers have kept the system afloat through bubbles and government bailouts. There was the dot.com bubble, the housing bubble, and, under President Obama, the Treasury bond bubble, along with what became known in Federal Reserve jargon as “Quantitative Easing” (QE); i.e., a stab at a zero-interest rate economy.

Today there is scarcely a single major figure in public life, including the so-called “progressives” and reformers, who is actively promoting the use of other methods besides usury for money-creation. An exception is Rep. Dennis Kucinich, who was maneuvered out of his seat in the U.S. House of Representatives by gerrymandering. Kucinich promoted a plan developed by the American Monetary Institute of creating money by federal spending for infrastructure.

It is amazing how locked-in people are to their habitual ways of thinking about life’s problems and how fearful they are of “thinking outside the box.” People love their chains because they are used to them. They kiss the whip that scourges them. Through the “Stockholm Syndrome” they suck up to their captors to curry favor.

So it is with trying to help people see how simple it would be in concept to get rid of the debt-based financial system. But they can’t. They won’t.

Meanwhile bank CEOs become multimillionaires by dealing in hollow currency. They could just as easily be put on trial for counterfeiting and fraud.

People would rather destroy the planet and themselves through support of endless wars based on “regime change”, gobbling up other nations, man-made climate change, chemical pollution, alcohol and drug addiction, criminalization of government and law enforcement, resource depletion, etc., than confront the controllers of the financial system who rule society and say, “Enough is enough.”

These controllers are in charge of all Western governments and of the military-industrial-intelligence-media complex, and they have shown themselves capable of killing anyone who gets out of line, as they did to JFK, perpetrating false flag events to stampede the populace into obedience, as they did with 9-11, or destroying whole nations as they did with Yugoslavia, Iraq, Libya, and now Syria.

They can take away your job, spy on your computer, audit your taxes, throw you in prison, murder you, or send you off to fight their wars. All to keep a corrupt system in place.

When I worked at the U.S. Treasury Department, as part of post-9/11 security, they designated the entire U.S. financial system as “critical infrastructure.” No one questioned what the implications were. What it meant in practice was that the police power and military might of the nation were committed to defending what ethically is indefensible.

Thus the U.S. military, acting as global enforcer, has forces stationed in a majority of nations and on all the seven seas to ensure that money keeps flowing in to feed the debt monster. If any other nation wishes to even think about challenging this hegemony, that nation and its leaders are castigated and demonized and threatened with nuclear annihilation. The senior civilian and military leadership are adept at assuring such “adversaries” that “no options are off the table” in order to protect the blessings of “freedom” and “democracy” for one and all.

But I do know that every human being on earth is being profoundly challenged by world conditions and their extreme potential for chaos. On an individual level, even if we can’t escape the common human fate, we can certainly pray for insight into something more benign right now for our neighbor and ourselves. We are not alone in the universe, and we can seek the inner help we need to resist the temptations to respond negatively. Then we can commit ourselves to making whatever improvements we are able.

Source*

Related Topics:

How Usury Encloses The Commons

Usury-Free Currency Competes with Federal Reserve Notes*

Usury: The Root of All Evil?*

Rothschild’s Summit Fine-tuning Capitalism into Global Economic Tyranny*

Rothschild Demands Western Nations Invade Syria*

Between the State of the City of London and the Crown*

Only 3 Countries Left Without a ROTHSCHILD Central Bank!*

Anonymous Takes 9 Rothschild Central Banks Offline*

Mystery of New York Fed Robbery Has Central Banks Asking Who’s Next*

Central Banks Nervous as the Brixton Pound increases in Popularity*

Ban Cash to Help Central Banks stinks of Total Control – NWO’s Cashless Society*

Rothschild’s Central Banks Losing Control*

E.U. Passed Tax ID Numbers for Everyone*

The History of Your Enslavement

Russia Preparing for Potential Removal from International Banking System*

Russia Preparing for Potential Removal from International Banking System*

Global financial institutions like the World Bank and SWIFT can make or break the economies of entire nations due to their domination of the international banking system. Russia is making preparations in case they are ever barred from access to these institutions due to geopolitical influence from the West.

By Whitney Webb

Whether Russia’s aim in creating and implementing an alternative to SWIFT is based chiefly on protecting its own economy or not, the move further illustrates how the concentration of international power is steadily moving eastward. (Photo: Mikhail Voskresensky/Sputnik)

In 2011, a Swiss study confirmed what many already knew or suspected: bankers run the world. The study, completed by the Swiss Federal Institute of Technology in Zurich, found that “a large portion of control flows to a small tightly-knit core of financial institutions,” essentially forming a network of global corporate control. This economic “super-entity,” as the authors called it, dominates the international banking system.

Among the most influential entities in the system are international financial institutions like the World Bank, the International Monetary Fund (IMF) and the Society for Worldwide Interbank Financial Telecommunication (SWIFT). These institutions represent the only source of financial recourse for nations that require the services they offer, as no alternatives have existed until quite recently.

The World Bank and the IMF, for instance, provide financial support to developing nations and member states, serving as the last resort for governments that are in a state of financial ruin or that are set to default on their debt. SWIFT, on the other hand, provides a much different service – offering financial institutions the means to send and receive messages from other such institutions in a secure manner.  Without SWIFT access, nations and the businesses operating within them become unable to complete international transactions and are thus cut off from the global economy at large.

While each of these institutions and service providers are ostensibly unbiased towards the politics of any given nation, the undue influence of countries like the United States has made itself known within these institutions, with the U.S. using their power to force political or economic changes within any number of countries. John Perkins, author of Confessions of an Economic Hitman, described the World Bank’s activities as “pure economic colonization on behalf of power corporations and banks that use the United States government as their tool.”

The U.S.’ influence over key financial institutions has pushed other countries, namely the BRICS group and other economic rivals to American hegemony, to build their own alternatives. Years of efforts to create rival institutions culminated in 2015, when the 100-billion dollar BRICS-funded New Development Bank (NDB) was launched, a move widely recognized as a direct challenge to the supremacy of the U.S. dollar as an international reserve currency. This was heightened just months later, when China launched the China International Payment System (CIPS), which aimed to reduce the nation’s reliance on SWIFT while also propelling its own currency into greater international prominence.

Russia’s Efforts to Move Away From Global Banking Hegemony

From left: Brazil’s President Dilma Rousseff , Indian Prime Minister Narendra Modi, President of Russia Vladimir Putin, President of China Xi Jinping and South African President Jacob Zuma sit during a signing ceremony at the BRICS Summit in Ufa, Russia, Thursday, July 9, 2015. (Sergei Ilnitsky/AP)

 

One of the factors that drove the push to consolidate international banking alternatives in 2015 was the Ukrainian coup of 2014 and subsequent threats by Western countries to isolate Russia from the international financial order. Following Western accusations of Russian aggression in Ukraine and the subsequent annexation of the Crimea after a contested referendum vote, Western nations called for sweeping economic retaliation against Russia, including banning them from SWIFT entirely and essentially paralyzing the banking system within the Crimea.

Russia was not ultimately banned from SWIFT, but the threat of being prohibited from the dominant means of realizing financial transactions made it clear to Russia and other BRICS nations that their dependency on the Western-dominated international financial system was not in their best interest. Iran’s prohibition from using the SWIFT system from 2012 to 2015 made it clear that the West, and particularly the U.S., could and would use its influence within international banking institutions to cripple a nation’s economy for geopolitical reasons.

Not willing to wait for the next attempt by Western countries to cut it off from key financial institutions and services, Russia has now created an alternative to SWIFT to protect its economy and financial sector. Western governments have yet to respond to the creation of this alternative system.

During a meeting with Russian President Vladimir Putin last Wednesday, Central Bank governor Elvira Nabiullina stated that:

“There were threats that we can be disconnected from SWIFT. We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative.”

The alternative system, known by its abbreviation SPFS, is analogous to SWIFT for financial transactions taking place in Russia and has been in the works for years, with 330 Russian banks connected over a year ago. This number will likely increase now that it has been successfully developed and implemented. Nabiullina also added during the meeting that 90% of ATMs in Russia are now compatible with Mir, a Russian version of the Visa and Mastercard payment systems that is used domestically. However, the SPFS is still far from perfect, not operating from 9 pm to 5 am Moscow time and with a transfer cost of 5 cents per transaction.

Whether Russia’s aim in creating and implementing an alternative to SWIFT is based chiefly on protecting its own economy or not, the move further illustrates how the concentration of international power is steadily moving eastward. Along with parallel efforts by China and other BRICS nations, U.S. and Western economic hegemony is unraveling, a stark reality that U.S. interests – particularly those of the “deep state” – are desperate to avoid.

The U.S. and its allies have taken to using geopolitical pressure and economic threats, like banning nations from SWIFT, in order to accomplish this – a move that ironically seems to be pushing more countries away from U.S.-dominated economic systems and into the arms of its direct competitors.

Source*

Related Topics:

BRICS Under Attack: Brazilian PM Must Say Goodbye to BRICS and Hello to Washington or Face a Coup*

BRICS Under Attack: Western Banks, Governments Launch Full-Spectrum Assault On Russia*

BRICS Under Attack: NWO Tentacles Extending into South Africa*

Indian Economy Crashes As Modi’s ‘Black Money’ Theory Collapses*

Asian Bank Threatens the Dollar, so U.S. Threatens China*

Rothschild’s Summit Fine-tuning Capitalism into Global Economic Tyranny*

This Week the ‘Arch of Baal’ Was Displayed For the Third Time in Honour of ‘The World Government Summit’*

E.U. Desperate to Raises Taxes Starts Cashless Society Project November 2017*

E.U. Passed Tax ID Numbers for Everyone*

Iran Finally Ditched the Dollar: Here’s Why It Matters*

Dear America: Better Read the Fine Print on Your Credit Card Statement*

Dear America: Better Read the Fine Print on Your Credit Card Statement*

You know those disclosures on your credit card statements? That it will take 27 years to pay off your balance if you only make the minimum payment each month, and so on?

You might not be aware of it, but America’s “credit card”–our national debt–comes with its own disclosure statement:

Here’s a chart of America’s credit card: clearly, any credit line expanding this fast will bankrupt the borrower, regardless of their income.

I often refer to debt serfdom, the servitude debt enforces on borrowers. The mechanism of this servitude is interest, and today I turn to two knowledgeable correspondents for explanations of the consequences of interest.

Correspondent D.L.J. explains how debt/interest is the underlying engine of rising income/wealth disparity:

Here is a table of the growth rate of the GDP.

If we use $18 trillion as the approximate GDP and a growth rate of, say, 3.5%, the total of goods and services would increase one year to the next by about $600 billion.

Meanwhile, referencing the Grandfather national debt chart with the USDebtClock data, the annual interest bill is $3 trillion.

In other words, those receiving interest are getting 5 times more than the increase in gross economic activity.

Using your oft-referenced Pareto Principle, about 80% of the population are net payers of interest while the other 20% are net receivers of interest.

Also, keep in mind that one does not have to have an outstanding loan to be a net payer of interest. Whenever one buys a product that any part of its production was involving the cost of interest, the final product price included that interest cost. The purchase of that product had the interest cost paid by the purchaser.

Again using the Pareto concept, of the 20% who receive net interest, it can be further divided 80/20 to imply that 4% receive most (64%?) of the interest. This very fact can explain why/how the system (as it stands) produces a widening between the haves and the so-called ‘have nots’.

Longtime correspondent Harun I. explains that the serfdom imposed by debt and interest is not merely financial servitude–it is political serfdom as well:

As both of us have stated, you can create all of the money you want, however, production of real things cannot be accomplished with a keystroke.

Then there is the issue of liberty. Each Federal Reserve Note is a liability of the Fed and gives the bearer the right but not the obligation to purchase — whatever the Fed deems appropriate. How much one can purchase keeps changing base on a theory-driven experiment that has never worked. Since the Fed is nothing more than an agent of the Central State, the ability to control what the wages of its workers will purchase, is a dangerous power for any government.

If a Federal Reserve Note is a liability of the central bank, then what is the asset? The only possible answer is the nations productivity. So, in essence, an agent of the government, the central bank, most of which are privately owned (ownership is cloaked in secrecy) owns the entire productive output of free and democratic nation-states.

People who speak of liberty and democracy in such a system only delude themselves.

Then there is the solution, default. That only resolves the books, the liability of human needs remain. Bankruptcy does not resolve the residue of social misery and suffering left behind for the masses who became dependent on lofty promises (debt). These promises (debts) were based on theories that have reappeared throughout human history under different guises but have never worked.

More debt will not resolve debt. The individual’s liberty is nonexistent if he does not own his labor. A people should consider carefully the viability (arithmetical consequences) of borrowing, at interest, to consume their own production. The asset of our labor cannot simultaneously be a liability we owe to ourselves at interest.

Thank you, D.L.J. and Harun. What is the alternative to the present system of debt serfdom and rising inequality? There is none in our financialized, Neofeudal-Neocolonial State-Cartel Rentier Economy that creates and distributes credit-money at the top of the wealth-power pyramid.

As Harun noted in another email, Governments cannot reduce their debt or deficits and central banks cannot taper. Equally, they cannot perpetually borrow exponentially more. This one last bubble cannot end (but it must).

What will replace the current system after it self-destructs? That’s the question, and my answer is laid out in my book A Radically Beneficial World: a radically decentralized, transparent, opt-in system of creating money at the bottom of the wealth-power pyramid rather than at its apex.

Source*

Related Topics:

Rapidly Declining U.S. Exports*

World Rushes to De-Dollarize Oil Trade Before U.S. Economy Crashes*

Of Course U.S. Government Controls the Drug Trade!*

The U.S. is Back in Recession with Interest Rates Already at Zero*

As Poverty Continues to Rise in the U.S. so do Tent Cities*

Americans are Fleeing the U.S. in Droves*

U.S. Industrial Production Plunges*

Americans aren’t Filling their Taxes this Year says IRS*

Americans aren’t Filling their Taxes this Year says IRS*

Millions of Americans have not filed their income taxes with just one month left in the tax filing season, according to the U.S. Internal Revenue Service (IRS), an issue that some experts blame on President Donald Trump’s political rhetoric.

The IRS has received 5.7 million fewer individual tax returns as of February 17 compared to the same period last year, an 8.5-percent drop.

The annual deadline to file one’s individual income tax return is April 15.

Experts believe that the trend can largely be blamed on Trump’s immigration policies, which have targeted millions of undocumented immigrants.

According to a report by Bloomberg, with the Trump administration’s promise to crack down on immigration, “undocumented immigrants may be afraid to create a paper trail with the government by claiming tax refunds.”

John Hewitt, chairman and chief executive of Liberty Tax, said earlier this month that there has been less individual taxpayer identification numbers (ITINs) filed this year.

The ITINs are generally used by undocumented immigrants instead of Social Security numbers.

They’re “probably fearful of the Trump initiatives,” Hewitt said in a call with analysts on March 8.

Trump’s promise to introduce major tax cuts, coupled with the Republican plans to replace the Affordable Care Act, or ObamaCare, have also been cited as other reasons.

Meanwhile, Sanjay Baskaran, president of online tax preparer TaxAct, argued that the reason is much simpler: Procrastination.

“Customers waiting longer to file their returns is a trend we have observed for the last four years, although it’s more pronounced this year,” he said.

Data by the IRS shows that the closer its gets to the deadline, the more tax returns come in.

Last year, for example, a whopping 12 million tax returns were filed during the week leading to the April 16 deadline.

Delayed refunds due to the federal government’s crackdown on tax fraud is also blamed by some analysts as the reason.

Source*

Related Topics:

U.S. Now Taxing Collection of Rainwater*

IRS Agent Admits Income Tax is Unconstitutional and Illegal*

Rothschild Establishes Billionaire Tax Haven Inside America*

A Call for National Tax Disobedience*

Former Head of Morgan Stanley Indicted for Evading $45mn in Taxes*

U.S. Taxpayers Funded Clinton’s Private Email Servers through ‘Former Presidents Act’*

U.S. Sued over $280bn Tax-deductible Aid Sent to Israel*

1980 Interview: How the Tax Exempt Foundation has brought about the Destruction of U.S.*

U.S. Taxation Deadline Looms for Trinidad and Tobago*

E.U. Desperate to Raises Taxes Starts Cashless Society Project November 2017*

E.U. Passed Tax ID Numbers for Everyone*

U.K. Taxpayers Subsidising World’s Largest Oil Companies to Exploit Its Own Natural Resources*

Everyone Who Can Now See Your Entire Internet History, Including the Taxman…*

U.K’s New PM’s Husband is a Senior Executive to an Investment Fund that Profits from Tax Avoiding Companies*

Welsh Town Tax Rebellion Uses Big Corporations ‘offshore’ to Avoid Tax on Local Business*

Only 3 Countries Left Without a ROTHSCHILD Central Bank!*

Only 3 Countries Left Without a ROTHSCHILD Central Bank!*

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The Rothschild family is slowly but surely having their Central banks established in every country of this world, giving them incredible amount of wealth and power.

In the year of 2000 there were seven countries without a Rothschild owned or controlled Central Bank:

  1. Afghanistan
  2. Iraq
  3. Sudan
  4. Libya
  5. Cuba
  6. North Korea
  7. Iran

It is not a coincidence that these country, which are listed above were and are still being under attack by the western media, since one of the main reasons these countries have been under attack in the first place is because they do not have a Rothschild owned Central Bank yet.

The first step in having a Central Bank establish in a country is to get them to accept an outrageous loans, which puts the country in debt of the Central Bank and under the control of the Rothschilds.

If the country does not accept the loan, the leader of this particular country will be assassinated and a Rothschild aligned leader will be put into the position, and if the assassination does not work, the country will be invaded and have a Central Bank established with force all under the name of terrorism.

rothschild bank

Rothschild-owned or controlled Central Banks

Central banks are illegally created private banks that are owned by the Rothschild banking family.

The family has been around for more than 230 years and has slithered its way into each country on this planet, threatened every world leader and their governments and cabinets with physical and economic death and destruction, and then emplaced their own people in these central banks to control and manage each country’s pocketbook.

Worse, the Rothschilds also control the machinations of each government at the macro level, not concerning themselves with the daily vicissitudes of our individual personal lives. Except when we get too far out of line.

The only countries left in 2003 without a Central Bank owned or controlled by the Rothschild Family were:

  1. Sudan
  2. Libya
  3. Cuba
  4. North Korea
  5. Iran

The Attacks of September 11th were an inside job to invade Afghanistan and Iraq to then establish a Central Bank in those countries.

Case Closed: JFK Killed After Shutting Down Rothschild’s Federal Reserve

The only countries left in 2011 without a Central Bank owned or controlled by the Rothschild Family are:

  1. Cuba
  2. North Korea
  3. Iran

After the instigated protests and riots in the Arab countries the Rothschild finally paved their way into establishing Central Banks, and getting rid of many leaders, which put them into more power.

Source*

Related Topics:

Rothschild’s Summit Fine-tuning Capitalism into Global Economic Tyranny*

There Were 88 Media Companies… Now There Are 6 which get their News from Rothschild*

Bolivia with Newfound Economic Independence Rejects Rothschild Banks*

Rothschild Family Wealth Is Five Times That of World’s Top Billionaires Combined*

Top Rothschild Bankster Pushes Corrupt Communist to Lead U.N.*

Rothschild Bank Now Under Criminal Investigation*

Hungary Becomes First European Country to Ban Rothschild Banks*

Once a Rothschild, always a Rothschild Bankster Replaces Hollande’s Economic Minister*

Anonymous Takes 9 Rothschild Central Banks Offline*

Rothschilds, The Crown & Nugan Hand Bank

Hoarding Gold: Deutsche Bank Takes up Rothschild’s Offer*

German Police Officers Take Off Helmets & Marched With German Citizens Against Rothschild European Central Bank!

Iceland Continues To Grow Using ‘Startups’ By Replacing ‘Banks’: Iceland Refused To Bailout Rothschild’s Corrupt Banking Cabal.

President Putin has Banned Rothschild Family from entering Russian territory “under any circumstances”*

Rothschild Crime Syndicate in Israel *