Tag Archive | global economic crisis

Visa Now Paying Businesses to Stop Taking Cash*

Visa Now Paying Businesses to Stop Taking Cash*

Visa has officially announced that they intend to snub out cash and create a world in which all transactions are monitored and tracked.

According to the most recent data, Visa — which is mostly owned by banks–accounts for over 50% of all credit card transactions and 70% of all debit card transactions in the world. Hundreds of billions in transactions process through Visa’s databases every year and this number continues to grow.

Despite their overwhelming increase in market share, cards issued, and overall total volume, Visa has made a recent move that shows they intend to completely snub out their most unaccountable, untraceable, and most liberty-associated competitor and means of payment–cash.

In a news release, ostensibly written as an attempt to “help small businesses,” Visa announced that they are launching “a major effort to encourage businesses to go cashless. Aiming to create a culture where cash is no longer king, the program will give merchants increased ability to accept all forms of global digital payments.”

“At Visa, we believe you can be everywhere you want to be, and that it should be easy to pay and be paid in more ways than ever — whether it’s a phone, card, wearable or other device,” Jack Forestell, Visa’s head of global merchant solutions, said in a statement.

“We have an incredible opportunity to educate merchants and consumers alike on the effectiveness of going cashless.”

Laughably, Visa claims that companies who stop accepting cash — a major form of payment for people around the globe — that they could increase profits.

Apparently, they want business owners to forget that they take upwards of five percent of every single transaction.

“The important thing to realize is that going with ‘fast and easy’ is not always the best and most cost effective,” Marco Carabjo, a credit expert, wrote in a 2013 U.S. Small Business Administration blog post.

“Typical merchant account companies can charge up to 5% of everything a company earns with prices consisting of merchant processing costs, gateway fees, interchange costs, Visa, MasterCard, American Express charges, statement fees and so on.”

Outside of the obvious reason of convincing businesses to go cashless so they can tax their sales into oblivion by creating a monopoly on accepting payments, the implications for control and surveillance are far more insidious.

Visa — just like government — wants to monitor your spending habits and use that data to exploit humanity. This is why governments and banks across the world have almost simultaneously launched a war on cash.

Earlier this year, the European Commission proposed enforcing “restrictions on payments in cash” under an all-too-familiar premise — terrorism.

“Payments in cash are widely used in the financing of terrorist activities,” the Commission’s proposal states. “In this context, the relevance of potential upper limits to cash payments could also be explored. Several Member States have in place prohibitions for cash payments above a specific threshold.”

According to the Commission’s Inception Impact Assessment, “Cash has the important feature of offering anonymity to transactions. Such anonymity may be desired for legitimate reason (e.g. protection of privacy). But, such anonymity can also be misused for money laundering and terrorist financing purposes. The possibility to conduct large cash payments facilitates money laundering and terrorist financing activities because of the difficulty to control cash payment transactions.”

Just before the E.U.’s announcement of their war on cash, Citibank announced similar moves and stated it will no longer accept cash deposits or deal in cash.

Citibank Australia’s head of retail bank Janine Copelin offered an explanation saying,

“We have seen a steady decline in the demand for cash services in our branches — in fact, less than 4% of Citi customers have used this service in the last 12 months.”

The company stated it will no longer handle currency as a result.

“This move to cashless branches reflects Citi’s commitment to digital banking and we are investing in the channels our customers prefer to use…While the number of customers visiting our branches to access cash handling services has fallen, the branch network remains an important component of how we serve our high-net-worth customers,” said Copelin.

As Mises Institute professor, Joseph Salerno predicted in 2015, the war on cash is an inevitable move by big banks and the State. “I think this could come in the next couple of years. If they have to bail out the financial system again…they’ll block the cash in the banks to prevent it from escaping and destabilizing these fractional reserve banks,” Salerno said in an interview with Ron Paul.

It appears that the Trump administration has already been preparing for this move by filling the swamp with Goldman Sachs execs and essentially remaining silent on his campaign promise to audit the Federal Reserve.

Make no mistake, when governments and banks control and monitor 100 percent of what you spend, tyranny has set in. If ever there was a time to start investing in crypto currency and precious metals, it is now.

Source*

Related Topics:

U.K. Enforce Cash over Digital Currency*

How Greece Became a Guinea Pig for a Cashless and Controlled Society*

Congress Want to make it Illegal to Hold cash, Bitcoin, or Other Assets outside of a Bank*

In the Move towards a Cashless Society India’s GDP Growth Slumps*

IMF Issue Working Paper on Eliminating Cash*

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

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

You Pay more while Banks Profiteer in a Cashless Society…that’s the Convenience*

‘Unless G20 Summit is Held on a Deserted Island, there will be protests’

‘Unless G20 Summit is Held on a Deserted Island, there will be protests’

People walk during the protest demonstration at the G20 summit in Hamburg, Germany, July 7, 2017. © Fabrizio Bensch / Reuters

 

It is not so much the case where these economic summits are being held, it is the fact that increasingly the powers that be are no longer able to rule in the old way, political commentator and writer John Wight told RT.

Violence broke out on the streets of Hamburg during a mass demonstration against the G20 summit on Thursday. Police deployed water cannon and tear gas against protesters who hurled bottles and reportedly refused to remove their masks.

RT: Do you think questions should be asked about holding the G20 Summit in Hamburg at all, given the logistics and layout and size of the city?

John Wight: Unless you hold these events somewhere in the middle of the Atlantic on a deserted island then these protests are going to take place. It is not so much the case where they are being held, it is the fact that increasingly the powers that be are no longer able to rule in the old way and people are not willing to be ruled in the old way. And they have a point when you consider the disaster that is taking place both within a global economy and ensuing untenable and exponential levels of inequality. Not only within states but also between states, you have the issue of climate change. You have a growing crisis on the Korean peninsula, Eastern Europe, the Middle East, South and East China seas. This is a growing crisis. These scenes are the norm and unless these world leaders are willing to meet on a desert island in the middle of nowhere, then these [protests] are going to be happening increasingly, unless there is a serious structural change.

“I think it was a deliberate decision because everybody knows that Hamburg has a community of young radicals that are ready to resort to violence. And also everybody in Germany knows that the police of Hamburg have a record of a lot of violence and rudeness against protesters themselves. This was a riot that was bound to happen. I think it was a very deliberate decision. Angela Merkel could have held the meeting in a castle somewhere in Bavaria or on some island of the coast of Germany, and they wouldn’t have had to deploy [thousands of] police…This whole thing is a show of force…Everybody is reporting on these violent clashes, but everybody is forgetting that there were 12,000 peaceful protesters and these peaceful protesters are being thrown into one bag with a few violent young radicals…The government is trying to tell the people that if you protest against us or the system, you are going to be associated with violence and radicalism.” – Ernst Wolff, journalist and author

RT: Do you think the authorities were correct to respond in that way?

JW: It is inflaming things but authorities are between a rock and a hard place because of the threat of terrorism, a very real threat. Obviously, we’ve had an increasing spate of terrorist attacks throughout Western Europe, so they are mindful of the possibility of something of that order. After all, we are talking about world leaders. So obviously there is going to be a heavy security presence. Questions will obviously be asked, but I think ultimately it is due to a status quo that more and more people are growing angry about, given the levels if inequality, the march to war, the tensions all over the world. And this is all fitting into this growing ocean of anti-politics. And it is this anti-politics that fed Brexit, fed the election of Donald Trump, and so forth. This is now the rule rather than an exception. And if the authorities want to forestall these scenes, then they have to do something about their own role in creating the conditions in which these protests are emerging.

Culture of violent protests’

RT: Both the protesters and police were ready for violence. What is your impression about what is happening in Hamburg?

Dr. Rainer Rothfuss, geopolitical analyst and consultant: For me this is a clear sign of disintegration of European societies. If you see such a form of taking the rights of democracy, as the protesters claim, to the streets. Of course, these are mostly peaceful protesters; roughly 1,000 among the 12,000 who have the tendency to become violent or to cover up their faces. But the scenes in the streets and which you could also see at former incidents, like the G8 Summit in Heiligendamm in 2007, and two years ago in Frankfurt when the European Central Bank opened its doors, it really gives you the impression that society is heavily under tension. And I ask myself, ‘How will the media blame Russia for this?’ because they claim [Russia] is attempting to disintegrate European society. No! It is internal problems, it is a confrontation between left-wing representatives who don’t believe any longer in the system that it really pursues … the interests of normal, less-favored people in the society. It is becoming like a culture of a violent protests. And I think it is a dangerous development.

RT: The focus in the U.S. and Russia is largely on Donald Trump meeting President Putin. How do you see that going?

Janice Atkinson, independent British European Parliament member: It is the only game in town, it is the only story in town. The two most powerful men in the world are going to be talking and they are going to be talking about the threat of Western civilization as Trump was talking about in Poland…High on their priority is going to be the defeat of ISIS, because that is our common enemy. The defeat of terrorism and security threats, the security is linked to the nation states, taking back the control of our borders, stopping the flow of migration out of Africa and the Middle East and trying to get to grips with the Middle East. That is what they should be talking about. Forget the Paris Climate Change agreement, let the Europeans and the others warble on about that. That’s is not the greatest threat we face at the moment.

“Let’s hope something positive will come out of it. But a word of caution: President Trump comes facing hostile atmosphere back home in America, hostile atmosphere – apart from Britain – most of the European Union leaders are hostile to him. We have seen a thawing of relations with the French president, who extended an invitation to him for Bastille Day. In general, he will need to appear to be tough so will probably will make some lip service, tough talk against Russia. He will have to do that for the domestic audience and to get some brownie points in Europe, in general.” – Adel Darwish, journalist and co-author of ‘Water Wars: Coming Conflicts’

RT: Vladimir Putin has worked with previous US leaders: Barack Obama, George W. Bush, Bill Clinton. How likely is a working relationship with the current US leader?

JA: There’s more in common with Putin and Trump than there ever was with the previous presidents. Particularly, Obama, who was just a puppet for the rest of the world leaders. But these two men actually understand each other. Trump has written “The Art of the Deal;” Putin gets the art of the deal – Putin is trading on the world’s states with energy, trying to do business in spite of the sanctions levied against him. Trump understands that he is a businessman. The art of the deal, and what I would advise them is: “Come on guys, you can do this!”

Source*

 

Melania Trump trapped in Hamburg guesthouse as G20 protests rage

 

Melania Trump is unable to leave her Hamburg accommodation due to G20 protests taking place outside, her spokeswoman confirmed to German media. The demonstrations are keeping the US first lady from attending an event with the spouses of other world leaders.

“We have no security clearance from the police to leave the guesthouse,” spokeswoman Stephanie Grisham told German news agency DPA.

Grisham also called the situation “unfortunate,” according to NBC’s chief White House correspondent, Hallie Jackson.

German riot police use water cannons against protesters during the demonstrations during the G20 summit in Hamburg, Germany, July 6, 2017.© Pawel Kopczynski

 

German riot police use water cannons against protesters during the demonstrations during the G20 summit in Hamburg, Germany, July 6, 2017. © Fabrizio Bensch

German riot police confront protesters during the demonstration at the G20 summit in Hamburg, Germany, July 6, 2017. © Hannibal Hanschke

 

Anti-G20 protesters light garbage in the middle of a road in the Schanze district following clashes with German riot police in Hamburg, Germany, July 6, 2017. © Kai Pfaffenbach

Source*

On July 5th, 2017, 20k people participated in a #NoG20 “Rave-Demo” which danced through the streets of Hamburg. As the street party ended and people dispersed, police began arresting individuals in the area.

The event held July 5th was dubbed a “demo rave” and started near the harbor in Hamburg, Germany. Unicorn Riot livestreamed the action.

The mobile rave had multiple music trucks each with different types of music from Hip Hop to EDM. The moving dance party wound its way through Hamburg swelling to an estimated twenty thousand people. The police mostly kept their distance while thousands danced. The demo passed Rote Flora, a squat in Hamburg and was greeted with flares, colored smoke, and fireworks.

When the rave ended it had met riot police in the street and while for a moment things seemed on the verge of escalation, people inside the crowd kept it focused on dancing.

We spoke to people in the rave who said the day was about having fun and enjoying yourself. While people seemed willing to engage the police, people kept the focus on the music and dance. When dancers seemed intent on moving through the police lines, others would dance towards them and get them back to the music.

While today featured 20,000 people with thousands of riot police in town as well, things remained relatively calm until later into the night. When numbers thinned, police started sending snatch squads into the crowd who sprinted after people they seemed to target. Bottles once again shattered among the police.

Unicorn Riot witnessed multiple arrests as other people in crowd tried to remind people that the summit had yet to start. Rumors are that in the next days we will be witnessing one of the largest black blocs in history. Police already have flexed with armored vehicles and water cannons, but the rest of the weeks marks the day people say they will fight for the streets.

Source*

One of the largest anticapitalist black blocs in history was attacked before they were able to march. The day before the G20 Summit was slated to begin, police in Hamburg attacked the march from behind for refusing to de-mask. The march then turned into hours of running street battles.

Before the march could leave the port area, it was stalled as liaisons communicated with police. Police began issuing threats if protestors did not remove their masks. Protesters then de-masked and were attacked about fifteen minutes later by rampaging hordes of police officers punching, kicking, and beating protesters.

Protesters that were stuck on the road were beat when they attempted to climb up to the side portions of the street to get away from the violent rampage.

Water cannons were frequently used from the beginning of the repression and all through the night.

These protests occurred on the day that Putin, Erdogan, and Trump arrived. Most of those involved in the protests believed that worldwide capitalism needs to be destroyed, and had no interest in symbolic action.

People fought back the heavily armored police by throwing bottles, fireworks, paint, and more. The protest, which was estimated at around 10,000, was dispersed into many fragments. Many splintered, but well organized militant groups of anti-capitalists then roved through Hamburg wrecking havoc to corporate shops, luxury cars, and creating barricade road blocks.

Actions went deep into the night, as barricades on fire were a common sight. Not long after barricades throughout the city were lit, police sent force units to beat people, water cannons to put out fires, and armored personnel carriers with plows in front to push aside the barricades.

The Welcome to Hell march was able to re-generate itself and finally leave the port hours after the violent crackdown. The march got attacked multiple times as it made its way deeper into the St. Pauli neighborhood.

Police indiscriminately beat press, bystanders, and hundreds of innocent protesters seeking to demonstrate against capitalism and the G20. Some people were seen unconscious getting taken away on stretchers and others were receiving medical help at the scene.

Watch the livestream of the protests that happened after the police rampaged through the crowd at the starting point.

Unicorn Riot journalists were injured throughout the day. One’s knee was badly sprained when forced to leap over a wall as police ran into crowd swinging batons and fists. Unicorn Riot also lost a camera when a police officer punched it when our journalist was standing to the side documenting an arrest. All our collective members were struck by police officers at various times as we documented the Welcome to Hell protests. Much of our camera gear was damaged by water cannons.

Source*

Related Topics:

Another World is Possible!

Recolonalization: G20 Compact with Africa in Berlin: Implications for EU-Africa Relations*

At the World Economic Forum-Africa Germany Pitched a Dubious New G20 Corporate Strategy*

G20 Meets In China To Fight Anti-Globalism and Usher In New World Order*

Putin Reveals ISIS Funded by 40 Countries, Including G20 Members*

Latest G20 Summit a Spectacle of Political Bankruptcy*

G20 Reasons Why Your Fortune is Not Your Own!

U.S. Treasury Will Run Out Of Cash in Mid-October, CBO Warns*

U.S. Treasury Will Run Out Of Cash in Mid-October, CBO Warns*

By Tyler Durden

With Trump tax reform far on the backburner, as the administration is focused on at least getting Obamacare repeal past the Senate, the CBO reminded that in just 4 months a more material threat is facing the U.S.: according to the latest CBO calculations, the Treasury will “most likely” run out of cash in early to mid-October, unless the most polarized Congress in history raises the debt ceiling.

This is what the CBO just said in its latest report on the “Federal Debt and the Statutory Limit”, released moments ago.

If the debt limit is not increased above the amount that was established on March 16, 2017, the Treasury will not be authorized to issue additional debt that increases the amount outstanding. (It will be able to issue additional debt only in the amount of maturing debt or the amounts cleared by taking extraordinary measures.) That restriction would ultimately lead to delays of payments for government programs and activities, a default on the government’s debt obligations, or both. CBO estimates that without an increase in the debt limit, the Treasury, by using all available extraordinary measures, would most likely be able to continue borrowing and have sufficient cash to make its usual payments  until early to mid-October of this year.

In recent weeks, Treasury Secretary Mnuchin has urged Congress to lift the debt limit before its August recess (with others calling to abolish it altogether) although he also conceded that the nation can likely pay its bills if action waited until September, which is all lawmakers needed to know they don’t have to rush until the very last minute.

He has also warned that the closer the U.S. gets to breaching the debt ceiling in mid-October, the more likely financial markets are to react unfavorably, although that warning appears to have been negated by his first one. On Thursday following the release of the CBO report, he again urged Congress to take action.

“For the benefit of everybody, the sooner that they do this the better,” he said at a White House briefing, although he once again diluted his case by adding that “we have contingency plans” if Congress doesn’t raise debt ceiling by a certain date, so the market “shouldn’t be concerned.” Which is all the market needed to know to keep rising until sometime in early October, when it freaks out again.

Of course, the Treasury breached its debt limit on March 16, when the debt ceiling was reset to $19.8 trillion, however, so far there has been no new borrowing authority to surpass it. Since then the Treasury has been using so-called “extraordinary measures,” to pay bills without technically adding to the debt amount, while draining various Treasury emergency funds. As shown in the Citi chat below, those measures are expected to be exhausted in October, although Citi acknowledged the risk of an earlier date (in September) if monthly deficits worsen, and/or if the Treasury refuses to draw down its cash balance to compliment use of “extraordinary measures.”

As the next chart shows, the Treasury traditionally accumulates larger cash balances ahead of debt ceiling showdowns. It is when the cash balance hits zero and the Treasury taps all extraordinary measures without the authority to borrow more, that things can spiral out of control.

“That would ultimately lead to delays of payments for government programs and activities, a default on the government’s debt obligations, or both,” the CBO report noted.

The last time the U.S. infamously shut down due to passing its debt ceiling was in August 2011, when S&P downgraded the U.S., formerly at a AAA rating, for the first time ever prompting a furious response from then-Treasury secretary Tim Geithner.

As The Hill notes, Republicans are wary of increasing the debt limit without tying it to some set of spending or regulatory reforms, a tactic they pursued under President Barack Obama. Furthermore, Republicans will need Democratic support in the Senate to increase the debt ceiling, but Democrats have demanded that Republicans keep the measure free of “poison pill” riders or other policies.

Source*

Related Topics:

IRS Hires Private Debt Collection Agencies to Collect Unpaid Taxes*

Deep State Takeover of U.S. Succeeded!*

Americans are Fleeing the U.S. in Droves*

U.S. Industrial Production Plunges*

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*

Rapidly Declining U.S. Exports*

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

U.S. Government Admits Social Security Going Bankrupt*

One-Third of U.S. Children Live In Poverty*

The U.S. No Longer Has Any Strategic Grain Reserves*

How the DoD Squandered Billions of U.S. Taxpayer Dollars*

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

Demonetisation 2.0: Indian Businesses Brace for Biggest-ever Tax Reform*

Demonetisation 2.0: Indian Businesses Brace for Biggest-ever Tax Reform*

Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust.

Jain is one of millions of small business owners who face wrenching change from India’s biggest tax reform since independence that will unify the country’s $2 trillion economy and 1.3 billion people into a common market.

But he is simply not ready for a regime that from July 1 will for the first time tax the bed linen his 10 workers make, and require him to file his taxes every month online.

On the desk in his tiny office in Meerut, two hours drive northeast of New Delhi, lay two calculators. Turning to open a metal cabinet, he pulled out a hand-written ledger to show how he keeps his books.

“We will have to hire an accountant – and get a computer,” the thickset 52-year-old told Reuters, as a dozen ancient power looms clattered away in the ramshackle workshop next door.

Prime Minister Narendra Modi’s government says that by replacing several federal and state taxes, the new Goods and Services Tax (GST) will make life simpler for business.

To drive home the point, Bollywood superstar Amitabh Bachchan has appeared in a promotional video in which he weaves a cat’s cradle between the fingers of his hands – symbolising India’s thicket of old taxes.

With a flourish, the tangle is gone and Bachchan proclaims: “One nation, one tax, one market!”

Not so simple

By tearing down barriers between India’s 29 states, the GST should deliver efficiency gains to larger businesses. HSBC estimates the reform could add 0.4% to economic growth.

Yet at the local chapter of the Indian Industries Association, which groups 6,500 smaller enterprises nationwide, the talk is about how to cope in the aftermath of the GST rollout.

“In the initial months, there may be utter confusion,” said chairman Ashok Malhotra, who runs one firm that manufactures voltage stabilisers and a second that makes timing equipment for boxing contests.

A big concern is the Indian GST’s sheer complexity – with rates of 5%, 12%, 18% and 28%, and myriad exceptions, it contrasts with simpler, flatter and broader sales taxes in other countries.

The official schedule of GST rates runs to 213 pages and has undergone repeated last-minute changes. “Rubber goods are taxed at 12%; sporting goods at 18%.

I make rubber sporting goods so what tax am I supposed to pay?” asks Anurag Agarwal, the local IIA secretary.

Grace period?

The top government official responsible for coordinating the GST rollout rebuts complaints from bosses that the tax is too complex, adding that the IT back-end that will drive it – crunching up to 5 billion invoices a month – is robust.

“It is a technological marvel, as well as a fiscal marvel,” Revenue Secretary Hasmukh Adhia told Reuters in an interview.

The government will, however, allow firms to file simplified returns for July and August.

From September they must file a total of 37 online returns annually – three each month and one at the year’s end – for each state they operate in.

One particular concern is how a new feature of the GST, the input tax credit, will work. This allows a company to claim refunds on its inputs and means it should only pay tax on the value it adds.

The structure will encourage companies to buy from suppliers that are GST-compliant, so that tax credits can flow down a supply chain.

That spells bad news for small firms hesitating to shift into the formal economy.

The government estimates smaller companies account for 45% of manufacturing and employ more than 117 million people.

Adhia played down the risk of job losses, however, saying this would be offset by new service sector jobs.

Demonetisation 2.0

The prospect of disruption is drawing comparisons with Modi’s decision last November to scrap high-value bank notes that made up 86% of the cash in circulation, in a bid to purge illicit “black money” from the system.

The note ban caused severe disruption to India’s cash-driven economy and slammed the brakes on growth, which slowed to a two-year low in the quarter to March.

“It could throw the business out of gear – it can affect your volumes by at least 30%,” said the head of one large cement company in the Delhi region.

Back in Meerut, Pankaj Jain worries that hiring an accountant and charging 5% GST on his bedsheets could eat up to two-thirds of his annual profits of 400,000-500,000 rupees ($6,210-$7,760).

“I know my costs will go up, but I don’t know about my income,” he said.

“I might even have to shut up shop completely and go into trading.”

Source*

Related Topics:

The New Imperial Roman Empire*

In the Move towards a Cashless Society India’s GDP Growth Slumps*

IMF Issue Working Paper on Eliminating Cash*

Congress Want to make it Illegal to Hold cash, Bitcoin, or Other Assets outside of a Bank*

E.U. Picks Up Speed in the War on Cash*

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

How Greece Became a Guinea Pig for a Cashless and Controlled Society*

 

Macron Faces Opposition Despite Absolute Majority in French National Assembly*

Macron Faces Opposition Despite Absolute Majority in French National Assembly*

By Abayomi Azikiwe

French President Emmanuel Macron appeared to have been in an advantageous position to govern Europe’s second most significant state in the aftermath of a resounding victory in the parliamentary elections on June 18 where La Republique en March (LaRem) won an overwhelming majority.

Nonetheless, in a matter of days Macron’s cabinet was marred by several resignations of ministers from the centrist Democratic Movement (MoDem) which has supported the ruling party. The announcement that these officials were the focus of a corruption investigation assured their departure since one key aspect of the president’s campaign pledges was the promise to maintain a transparent government.

Amid the scandal Macron reshuffled his cabinet replacing the departing ministers with individuals who are far less known in French national politics. Justice Minister Francois Bayrou along with European Affairs Minister Marielle de Sarnez, both of whom are MoDem party leading members, submitted their resignations from the cabinet on June 21. The news of their departures came just one day after Defense Minister Sylvie Goulard‘s unexpected resignation on June 20. Goulard is also with the MoDem party.

Allegations have surfaced that the MoDem misused European parliamentary funds to hire aids that were stationed in France. Even with these resignations of MoDem officials, LaRem still maintains an absolute majority.

Former Socialist government functionary Florence Parly, who has been employed at major French transport companies, was appointed as defense minister. Nicole Belloubet, considered an expert in the legal field, was designated to take over the justice ministry. Switching from the Ministry of Agriculture, Jacques Mezard, is being assigned to territorial planning. Stephane Travert, a Macron loyalist, will serve as agricultural minister.

On June 25, Macron’s former Socialist Party decided to cast its vote against a motion of confidence in the new government. Therefore, the Socialists will become key players in the opposition although they have been decimated by the ascendancy of the centrist LaRem which was founded only a year ago.

Prime Minister Edouard Philippe and President Emmanuel Macron

 

Socialists hold less than 40 seats in the National Assembly posing no threat to the ability of Prime Minister Edouard Philippe to win approval of the cabinet and the policy initiatives which will be delivered in a speech on July 4. In addition to opposition from the Socialist Party, Macron will face ideologues in the conservative Les Républicains (LR) party, the putative far-left MPs from Jean-Luc Mélenchon’s France Unbowed party and Marine Le Pen’s neo-fascist National Front. One faction within the LR party, known as “the Constructives,” appears to be harboring a more moderate line on the new government.

Philippe, who is 47, is a member of the LRs, the center-right party. He was appointed by Macron as prime minister on May 15.

Macron, who has a background as an investment banker, and Philippe, a lawyer and member of the moderate right-wing, have made claims of bridging the traditional left-right political polarization in France. This notion of a third way, must be examined closely in regard to the actual policies that will be implemented inside the country and abroad.

Challenges to the French Labor Movement

Perhaps the most controversial aspect of the LaRem majority government will be its efforts to institute reforms in labor law. These proposals will ostensibly make it much easier for employers to hire and terminate workers.

However, with high unemployment, miniscule growth rates and the decline in career jobs with unionized protection, the question remains whether the neo-liberal reforms will actually provide incentives for the creation of broader opportunities among working class people. In many ways developments in France are a reflection of the character of the labor markets in most western capitalist states since the mid-to-late 1970s.

French demonstrations against Macron a day after the May 7 elections (Source: Abayomi Azikiwe)

 

Foreign Policy magazine noted in a recent article written by George Ross who speculated on the potential for labour unrest in response to the Macron reforms, saying:

“well-protected jobs have declined and less secure service jobs have expanded, the labour market has become segmented between a diminishing number of workers with stable contracts and an expanding group in more precarious situations, a trend accentuated by lower growth and higher unemployment. Union membership has declined from nearly 30% of the workforce in the 1970s to 11% today — and much of that is concentrated in the public sector. Strikes, for which France was once notorious, have declined in parallel.” (June 20)”

In the United States which has the largest capitalist economy in the world where a series of recessions have occurred over the last 45 years, a similar situation for workers prevails. Unionization has gone down to 6.4% in the private sector and 34.4% in the public sector, totally 14.6 million workers.

This represents a dramatic downturn for representation of employees. In 1983, the first year that such statistics were compiled, 20.1 percent of workers were unionized constituting 17.7 million people. Consequently, the precipitous decline in union membership overall has weakened the capacity of the working class to challenge the imposition of draconian restructuring mandates that have resulted in the lowering of real wages in the U.S.

Since the public sector now has more than a 500 percent greater rate of unionization than private industry it is not surprising that large-scale attacks by the capitalist class have been leveled against civil servants and educational employees. Notions that privatization of municipal services and schools are inherently more efficient serves as a propagandistic cover for weakening and dismantling unions. This offensive against unionized employees coincides with the worsening of standards and social conditions within the large metropolitan areas related to educational quality and the maintenance of urban infrastructure.

In France, the trade unions could possibly wage the strongest resistance to the labor reforms proposed by the LaRem government. The General Confederation of Labor (CGT) has gone on record opposing the proposed efforts by Macron to further stifle the working class.

Although the CGT severed its links with the French Communist Party in 1995, the general strike of that year remains within the collective consciousness of the ruling elites. Protracted labor unrest in France would have a major impact on the European Union (EU) as a whole, potentially prompting public sector unions in other states to oppose further reforms and therefore dampening the efforts by both Paris and Berlin to forge closer ties in the absence of Britain’s departure (Brexit) from the continental economic project.

As Ross noted in the above-mentioned report in Foreign Policy,

“should the CGT decide to pull the trigger, it could push for public sector strikes, particularly in transportation, to try to bring France to a halt. It can anticipate at least some public support for this. France remains France: The country’s militant, left-leaning, and protest-prone subculture still exists, ready to be stimulated by labor action. La France Insoumise (France Unbowed), a coalition of radical left-wing groups led by Jean-Luc Mélenchon, who won just under 20 percent in the first round of the presidential election — about the same number that the now-eclipsed French Communist Party won in the 1970s — did reasonably well in the parliamentary vote and has talked of new resistance.”

“Centrist” Foreign Policy Merges with U.S. Imperatives on Russia

One significant indication of the international posture of the Macron-Philippe regime was the announcement that France will not recognize Crimea as being a part of the Russian Federation stemming from a 2014 referendum during the period of the aftermath of a right-wing coup in Ukraine which led to a civil war between Kiev and regions in the West of the country.

President of France Emmanuel Macron with President of Ukraine Petro Poroshenko

 

 

The new French president held talks with his Ukrainian counterpart, Petro Poroshenko, in Paris after the June 24 visit by Russian President Vladimir Putin to Crimea. Poroshenko condemned Putin’s visit as a violation of Ukrainian sovereignty. EU member-states recently agreed to extend their sanctions against Moscow accusing the Putin government of not honoring the Minsk Accords ostensibly aimed at ending the fighting between anti-Kiev forces and the western-backed regime of Poroshenko.

With the election of U.S. President Donald Trump in November partly based upon his pseudo-protectionist “America First” rhetoric and the vote by the British people to withdraw from the EU in June of last year, France and Germany are attempting to close ranks in order to salvage the more conventional brand of 21st century globalization. Nevertheless, with the fracturing of the western capitalist leaders involving differences over how to proceed in the current period may pose serious obstacles to a much-desired economic recovery in France.

Source*

Related Topics:

Macron to Put France in a ‘Permanent State of Emergency’*

Macron an American Trojan horse in the Elysee Palace*

Macron Dumps Parliamentary Candidate after Israel Lobby Pressure*

 

How Greece Became a Guinea Pig for a Cashless and Controlled Society*

How Greece Became a Guinea Pig for a Cashless and Controlled Society*

As Greece moves closer to becoming a cashless society, it is clear that the country’s attitude towards cash is reckless and dangerous. The supposed convenience of switching to a cash-free system comes with a great deal of risk, including needless overreach by the state.

By Michael Nevradakis

A man makes a transaction at an automated teller machine (ATM) of a Piraeus Bank branch in Athens, Greece. (AP/Yorgos Karahalis)

 

Day by day, we’re moving towards a brave new world where every transaction is tracked, every purchase is recorded, the habits and preferences of everyone noted and analyzed. What I am describing is the “cashless society,” where plastic and electronic money are king, while banknotes and coins are abolished.

“Progress” is, after all, deemed to be a great thing. In a recent discussion, I observed on an online message board regarding gentrification in my former neighborhood of residence in Queens, New York, the closure of yet another longtime local business was met by one user with a virtual shrug: “Who needs stores when you have Amazon?”

This last quote is, of course, indicative of the brick-and-mortar store, at least in its familiar form. In December 2016, Amazon launched a checkout-free convenience store in Seattle—largely free of employees, but also free of cash transactions, as purchases are automatically charged to one’s Amazon account. “Progress” is therefore cast as the abolition of currency, and the elimination of even more jobs, all in the name of technological progress and the “convenience” of saving a few minutes of waiting at the checkout counter.

Still insist on being old-fashioned and stuck behind the times, preferring to visit brick-and-mortar stores and paying in cash? You may very well be a terrorist! Pay for your coffee or your visit to an internet cafe with cash? Potential terrorist, according to the FBI. Indeed, insisting on paying with cash is, according to the United States Department of Homeland Security, “suspicious and weird.”

The European Union, ever a force for positive change and progress, also seems to agree. The non-elected European Commission’s “Inception Impact Assessment” warns that the anonymity of cash transactions facilitates “money laundering” and “terrorist financing activities.” This point of view is shared by such economists as the thoroughly discredited proponent of austerity Kenneth Rogoff, Lawrence Summer (a famed de-regulator, as well as eulogizer of the “godfather” of austerity Milton Friedman), and supposed anti-austerity crusader Joseph Stiglitz, who told fawning participants at the World Economic Forum in Davos earlier this year that the United States should do away with all currency.

Logically, of course, the next step is to punish law-abiding citizens for the actions of a very small criminal population and for the failures of law enforcement to curb such activities. The E.U. plans to accomplish this through the exploration of upper limits on cash payments, while it has already taken the step of abolishing the 500-euro banknote.

The International Monetary Fund (IMF), which day after day is busy “saving” economically suffering countries such as Greece, also happens to agree with this brave new worldview. In a working paper titled “The Macroeconomics of De-Cashing,” which the IMF claims does not necessarily represent its official views, the fund nevertheless provides a blueprint with which governments around the world could begin to phase out cash. This process would commence with “initial and largely uncontested steps” (such as the phasing out of large-denomination bills or the placement of upper limits on cash transactions). This process would then be furthered largely by the private sector, providing cashless payment options for people’s “convenience,” rather than risk popular objections to policy-led decashing. The IMF, which certainly has a sterling track record of sticking up for the poor and vulnerable in society, comforts us by saying that these policies should be implemented in ways that would augment “economic and social benefits.”

The IMF’s Greek experiment in austerity

These suggestions, which of course the IMF does not necessarily officially agree with, have already begun to be implemented to a significant extent in the IMF debt colony known officially as Greece, where the IMF has been implementing “socially fair and just” austerity policies since 2010, which have resulted, during this period, in a GDP decline of over 25%, unemployment levels exceeding 28%, repeated cuts to what are now poverty-level salaries and pensions, and a “brain drain” of over 500,000 people—largely young and university-educated—migrating out of Greece.

Protesters against new austerity measures hold a placard depicting Labour Minister George Katrougalos as the movie character Edward Scissorhands during a protest outside Zappeion Hall in Athens, Friday, Sept. 16, 2016. The placard reads in Greek”Katrougalos Scissorhands”.

Indeed, it could be said that Greece is being used as a guinea pig not just for a grand neoliberal experiment in both austerity, but de-cashing as well. The examples are many, and they have found fertile ground in a country whose populace remains shell-shocked by eight years of economic depression. A new law that came into effect on January 1 incentivizes going cashless by setting a minimum threshold of spending at least 10% of one’s income via credit, debit, or prepaid card in order to attain a somewhat higher tax-free threshold.

Beginning July 27, dozens of categories of businesses in Greece will be required to install aptly-acronymized “POS” (point-of-sale) card readers and to accept payments by card. Businesses are also required to post a notice, typically by the entrance or point of sale, stating whether card payments are accepted or not. Another new piece of legislation, in effect as of June 1, requires salaries to be paid via direct electronic transfers to bank accounts. Furthermore, cash transactions of over 500 euros have been outlawed.

In Greece, where in the eyes of the state citizens are guilty even if proven innocent, capital controls have been implemented preventing ATM cash withdrawals of over 840 euros every two weeks. These capital controls, in varying forms, have been in place for two years with no end in sight, choking small businesses that are already suffering.

Citizens have, at various times, been asked to collect every last receipt of their expenditures, in order to prove their income and expenses—otherwise, tax evasion is assumed, just as ownership of a car (even if purchased a decade or two ago) or an apartment (even if inherited) is considered proof of wealth and a “hidden income” that is not being declared. The “heroic” former Finance Minister Yanis Varoufakis had previously proposed a cap of cash transactions at 50 or 70 euros on Greek islands that are popular tourist destinations, while also putting forth an asinine plan to hire tourists to work as “tax snitches,” reporting businesses that “evade taxes” by not providing receipts even for the smallest transactions.

All of these measures, of course, are for the Greeks’ own good and are in the best interest of the country and its economy, combating supposedly rampant “tax evasion” (while letting the biggest tax evaders off the hook), fighting the “black market” (over selling cheese pies without issuing a receipt, apparently), and of course, nipping “terrorism” in the bud.

As with the previous discussion I observed about Amazon being a satisfactory replacement for the endangered brick-and-mortar business, one learns a lot from observing everyday conversations amongst ordinary citizens. A recent conversation I personally overheard while paying a bill at a public utility revealed just how successful the initial and largely uncontested steps enacted in Greece have been.

In the line ahead of me, an elderly man announced that he was paying his water bill by debit card, “in order to build towards the tax-free threshold.” When it was suggested to him that the true purpose of encouraging cashless payments was to track every transaction, even for a stick of gum, and to transfer all money into the banking system, he and one other elderly gentleman threw a fit, claiming “there is no other way to combat tax evasion.”

The irony that they were paying by card to avoid taxation themselves was lost on them—as is the fact that the otherwise fiscally responsible Germany, whose government never misses an opportunity to lecture the “spendthrift” and “irresponsible” Greeks, has the largest black market in Europe (exceeding 100 billion euros annually), ranks first in Europe in financial fraud, is the eighth-largest tax haven worldwide, and one of the top tax-evading countries in Europe.

Also lost on these otherwise elderly gentlemen was a fact not included in the official propaganda campaign: Germans happen to love their cash, as evidenced by the fierce opposition that met a government plan to outlaw cash payments of 5,000 euros or more. In addition, about 80% of transactions in Germany are still conducted in cash. The German tabloid Bild went as far as to publish an op-ed titled “Hands off our cash” in response to the proposed measure.

Global powers jumping on cashless bandwagon

Nevertheless, a host of other countries across Europe and worldwide have shunned Germany’s example, instead siding with the IMF and Stiglitz. India, one of the most cash-reliant countries on earth, recently eliminated 86 percent of its currency practically overnight, with the claimed goal, of course, of targeting terrorism and the “black market.” The real objective of this secretly planned measure, however, was to starve the economy of cash and to drive citizens to electronic payments by default.

Indians stand in line to deposit discontinued notes in a bank in Jammu and Kashmir, India,, Dec. 30, 2016. India yanked most of its currency bills from circulation without warning on Nov. 8, delivering a jolt to the country’s high-performing economy and leaving countless citizens scrambling for cash. (AP/Channi Anand)

 

Iceland, a country that stands as an admirable example of standing up to the IMF-global banking cartel in terms of its response to the country’s financial meltdown of 2008, nevertheless has long embraced cashlessness. Practically all transactions, even the most minute, are conducted electronically, while “progressive” tourists extol the benefits of not being inconvenienced by the many seconds it would take to withdraw funds from an ATM or exchange currency upon arrival. Oddly enough, Iceland was already largely cashless prior to its financial collapse in 2008—proving that this move towards “progress” did nothing to prevent an economic meltdown or to stop its perpetrators: the very same banks being entrusted with nearly all of the money supply.

Other examples of cashlessness abound in Europe. Cash transactions in Sweden represent just 3% of the national economy, and most banks no longer hold banknotes. Similarly, many Norwegian banks no longer issue cash, while the country’s largest bank, DNB, has called upon the public to cease using cash. Denmark has announced a goal of eliminating banknotes by 2030. Belgium has introduced a 3,000-euro limit on cash transactions and 93% of transactions are cashless. In France, the respective percentage is 92%, and cash transactions have been limited to 1,000 euros, just as in Spain. Outside of Europe, cash is being eliminated even in countries such as Somalia and Kenya, while South Korea—itself no stranger to IMF intervention in its economy—has, similarly to Greece, implemented preferential tax policies for consumers who make payments using cards.

Aside from policy changes, practical everyday examples also exist in abundance. Just try to purchase an airline ticket with cash, for instance. It remains possible—but is also said to raise red flags. In many cases, renting an automobile or booking a hotel room with cash is simply not possible. The aforementioned Department of Homeland Security manual considers any payment with cash to be “suspicious behaviour”—as one clearly has something to hide if they do not wish to be tracked via electronic payment methods. Ownership of gold makes the list of suspicious activities as well.

Just as the irony of Germany being a largely cash-based society while pushing cashless policies in its Greek protectorate is lost on many Greeks, what is lost on seemingly almost everyone is this: something that is new doesn’t necessarily represent progress, nor does something different. Something that is seemingly easier, or more convenient, is not necessarily progress either. But for many, “technological progress,” just like “scientific innovation” in all its forms and without exception, has attained an aura of infallibility, revered with religious-like fervour.

People queue in front of a bank for an ATM as a man lies on the ground begging for change, in Athens. (AP/Thanassis Stavrakis)

 

Combating purported tax evasion is also treated with a religious-like fervour, even while ordinary citizens—such as the two aforementioned gentlemen in Greece—typically seek to minimize their outlays to the tax offices. Moreover, while such measures essentially enact a collective punishment regardless of guilt or innocence, corporations and oligarchs who utilize tax loopholes and offshore havens go unpunished and are wholly unaffected by a switch to a cashless economy in the supposed battle against tax evasion.

This is evident, for instance, in the case of “LuxLeaks,” which revealed the names of dozens of corporations benefiting from favorable tax rulings and tax avoidance schemes in Luxembourg, one of the original founding members of the E.U. European Commission President Jean-Claude Juncker, formerly the prime minister of Luxembourg, has faced repeated accusations of impeding E.U. investigations into corporate tax avoidance scandals during his 18-year term as prime minister. Juncker has defended Luxembourg’s tax arrangements as legal.

At the same time, Juncker has shown no qualms in criticizing Apple’s tax avoidance deal in Ireland as “illegal,” while having been accused himself of helping large multinationals such as Amazon and Pepsi avoid taxes. Moreover, he has openly claimed that Greece’s Ottoman roots are responsible for modern-day tax evasion in the country. He has not hesitated to unabashedly intervene in Greek electoral contests, calling on Greeks to avoid the “wrong outcome” in the January 2015 elections (where the supposedly anti-austerity SYRIZA, which has since proven to be boldly pro-austerity, were elected).

He also urged the Greek electorate to vote “yes” (in favour of more E.U,-proposed austerity) in the July 2015 referendum—where the overwhelming result in favour of “no” was itself overturned by SYRIZA within a matter of days. In the European Union today, if there’s something that can be counted on, it’s the blatant hypocrisy of its leaders. Nevertheless, proving that old habits of collaborationism die hard in Greece, the rector of the law school of the state-owned Aristotle University in Thessaloniki awarded Juncker with an honorary doctorate for his contribution to European political and legal values.

Cashless policies bode poorly for the future

Where does all this lead though? What does a cashless economy actually mean and why are global elites pushing so fervently for it? Consider the following: in a cashless economy without coins or banknotes, every transaction is tracked. Buying and spending habits are monitored, and it is not unheard of for credit card companies to cancel an individual’s credit or to lower their credit rating based on real or perceived risks ranging from shopping at discount stores to purchasing alcoholic beverages. Indeed, this is understood to be common practice. Other players are entering the game too: in late May, Google announced plans to track credit and debit card transactions.

Claudia Lombana, PayPal’s shopping specialist, stamps a guest’s passport as he visits the travel section of PayPal’s Cashless Utopia in New York (Victoria Will/AP)

 

More to the point though, a cashless economy doesn’t just mean that financial institutions, large corporations, or the state itself can monitor all transactions that are occurring. It also means that the entirety of the money supply—itself now existing only in “virtual” form—will belong to the banking system. Not one cent will exist outside of the banking system, as physical currency will simply not be in circulation. The banking system—and others—will be aware not just of every transaction, but will be in possession of all of our society’s money supply, and will even have the ability to receive a percentage of every transaction that is taking place.

So what happens if your spending habits or your choice of travel destinations raises “red flags”?

What happens if you run into hard times economically and miss a few payments?

What happens if you are deemed to be a political dissident or liability – perhaps an “enemy of the state”?

Freezing a bank account or confiscating funds from accounts can take place almost instantaneously. Users of eBay and PayPal, for instance, are quite aware of the ease with which PayPal can confiscate funds from a user’s account based simply on a claim filed against that individual.

Simply forgetting one’s password to an online account can set off an aggravating flurry of calls in order to prove that your money is your own—and that’s without considering the risks of phishing and of online databases being compromised. Many responsible credit card holders found that their credit cards were suddenly canceled in the aftermath of the “Great Recession” simply due to perceived risk. And if you happen to be an individual deemed to be “dangerous,” you can be effectively and easily frozen out of the economy.

Those thinking that the “cashless revolution” will also herald the return of old-style bartering and other communal economic schemes might also wish to reconsider that line of thinking. In the United States, for instance, bartering transactions are considered taxable by the Internal Revenue Service. As more and more economic activity of all sorts takes place online, the tax collector will have an easier time detecting such activity. Thinking of teaching your child to be responsible with finances? That too will have a cost, as even lemonade stands have been targeted for “operating without a permit.” It’s not far-fetched to imagine that particularly overzealous government authorities could also target such activity for “tax evasion.”

In Greece, while oligarchs get to shift their money to offshore tax havens without repercussion and former Finance Minister Gikas Hardouvelis has been acquitted for failure to submit a declaration of assets, where major television and radio stations operate with impunity without a valid license while no new players can enter the marketplace and where ordinary households and small businesses are literally being taxed to death, police in August 2016 arrested a father of three with an unemployed spouse for selling donuts without a license and fined him 5,000 euros. In another incident, an elderly man selling roasted chestnuts in Thessaloniki was surrounded by 15 police officers and arrested for operating without a license.

Amidst this blatant hypocrisy, governments and financial institutions love electronic money for another reason, aside from the sheer control that it affords them. Studies, including one conducted by the American Psychological Association, have shown that paying with plastic (or, by extension, other non-physical forms of payment) encourage greater spending, as the psychological sensation of a loss when making a payment is disconnected from the actual act of purchasing or conducting a transaction.

But ultimately, the elephant in the room is whether the banking system even should be entrusted with the entirety of the monetary supply. The past decade has seen the financial collapse of 2008, the crumbling of financial institutions such as Lehman Brothers in the United States and a continent-wide banking crisis in Europe, which was the true objective behind the “bailouts” of countries such as Greece—saving European and American banks exposed to “toxic” bonds from these nations. Italy’s banking system is currently teetering on dangerous ground, while the Greek banking system, already recapitalized three times since the onset of the country’s economic crisis, may need yet another taxpayer-funded recapitalization. Even the virtual elimination of cash in Iceland did not prevent the country’s banking meltdown in 2008.

Should we entrust the entirety of the money supply to these institutions?

What happens if the banking system experiences another systemic failure?

Who do you trust more: yourself or institutions that have proven to be wholly irresponsible and unaccountable in their actions? The answer to that question should help guide the debate as to whether society should go cashless.

Source*

Related Topics:

Greece Bans Cash*

IMF to Greece: Sorry We’ll Destroy You*

In the Move towards a Cashless Society India’s GDP Growth Slumps*

India’s Cashless Villages not Really There Yet, But the Nightmare Has Begun*

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

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

You Pay more while Banks Profiteer in a Cashless Society…that’s the Convenience*

Hackers Use Dridex Malware To Steal Millions From U.K. Bank Accounts*

Hackers Steal $1bn from Banks*

Congress Want to make it Illegal to Hold cash, Bitcoin, or Other Assets outside of a Bank*

Cashless Society: Use Credit Cards at Your Peril*

Sweden: Money Laundering and Emptying your Account Easier in Cashless Society*

$45 Million Stolen from Banks Worldwide Shows How Easy It is in a Cashless Society*

Hurricane Sandy Challenges a Cashless Society!

Complete Exposure of the Ruling Cabal*

Complete Exposure of the Ruling Cabal*

Thanks to the Internet, the World’s New Gutenberg Press, the Ruling Cabal has now been completely exposed to a select population of Internet users who are aggressive truth-seekers.

By Preston James, Ph. D

The Internet is the World’s New Gutenberg Press.

Yes, the Internet, the World’s New Gutenberg Press, has now provided complete exposure of the secret agenda and crimes against humanity of the Ruling Cabal (*BT/RKM/COL).

And this exposure is diffusing and spreading to the masses by word of mouth despite major efforts by the Ruling Cabal to limit this.

8500 now run the World.

We now have numerous firsthand major disclosures from such individuals as Ronald Bernard. Ronald Bernard was a Dutch Banker who was offered the opportunity to move to the highest level and enter a group of the top 8500 power brokers who run the World. He has now gone public with his remarkable story.

The Internet’s publishing of Bernard’s story constitutes a major turning point, as did the massive leak of all the criminal DNC emails which showed that Bernie Sanders was cheated of the Democratic Nomination and which also exposed the deep criminal and pedophile underbelly of DC. And we now know that pedophile crimes are practiced by about 70% of DC politicians, both Democrat and Republican.

Ronald Bernard’s turning point away from this evil occurred when he refused a Satanic occult ritual sacrifice of a child which was necessary to become a member of the 8500. He made the choice to re-enter the human race and regain his soul, which he did. Although he was tortured for this and almost lost his life, he survived and decided to come forth and disclose what he learned about the Ruling Cabal.

Truth is now limited to aggressive Internet-based truth-seekers, but it is progressively diffusing to the American Masses.

At present this exposure has been limited to a select group of well-informed Internet users who are deeply interested in truth and justice.

But these stark realities published and broadcast on the Internet are now spreading and diffusing to the masses at a rapid rate, despite the coordinated efforts of the CIA’s near complete control over the six Major Mass Media.

The USG went for broke on Sandy Hook, and when it is fully revealed to have been a false-flag op on the 2nd Amendment with nobody dead, you will see much of the government and LE of the State of Connecticut deposed and perhaps many prosecuted for terrorism and fraud.

One does not need dead victims to prosecute for terrorism according to existing laws. And in addition, millions of USD were defrauded from the USG and caring members of the public to give to crisis actors at Sandy Hook.

Sandy Hook was a two-day DHS/FEMA “Capstone Drill” using highly paid professional (and soulless) crisis actors. This fake shooting was staged at Sandy Hook School, which was shut down years earlier in 2008 for asbestos contamination and used for storage.

Sandy Hook School did not meet any of the current legal requirements for handicapped use, nor was it even usable, with bare pipe sticking out in the lavatory and a generally poor state of repair inside and out.

Porta-potties were delivered the day before the official date of the fake shooting and pizza and bottled water were also pre-purchased and delivered. A script of the exercise written by a private Intel contractor has been recovered, and some State Police have told others it was phony but they are afraid to go public or they would lose their pensions or worse.

Actual crisis actors have been identified, folks with prior documented acting careers. One of these, a man dressed up as a swat team member, carried his rifle upside down and then has appeared as a parent who lost a child in another act of this sinister sick play designed to motivate the American people to give up their guns.

Professor Jim Fetzer edited a superb book called “Nobody Died at Sandy Hook” which is now available on the Internet in the first black and white edition as a pdf for free. So far there have been over 10 million downloads, and the number is growing.

And yet, despite these stark facts that Nobody Died at Sandy Hook and it was a false-flag attack designed by former US Attorney General Eric Holder, the CIA’s Controlled Major Mass Media (CMMM) continues to promote the idea that 22 kids were killed by a young madman Adam Lanza, who never existed at all.

Of course Holder was the soulless traitor that ran the “Fast & Furious” CIA/BATF op to arm the CIA’s drug cartels, MS-13 and the gangs in order to create more chaos and blame the Second Amendment and to get more taxpayers’ money for a bigger centralized LE.

Border patrol agent Brian Terry

 

Holder should have been charged for his part in the murder of Border patrol Agent Brian Terry, but due to his linkage to the Ruling Cabal who placed him in power in the first place, he skated (so far). There is no statute of limitations on murder, by the way, so he is at risk if the Cabal falls.

The Cabal’s obsession with getting rid of guns is actually based on fear of the American masses. They remember what happened in France with the French Revolution when the peasants rose up.

They know that if the CMMM collapses, the masses become desperate and learn about all their child sacrifice rituals and crimes against humanity for profit, and their commitment to eliminate 90% of the human race, they will be hunted down and dealt with in quite severe terms.

As long as the CIA’s proprietary the six Major Mass Media remains viable and maintains its hold on the American mass mind, the Ruling Cabal can continue their unimaginably evil anti-human practices. However as their CMMM News Cartel, an illegal monopoly is eroded by the penetration of the Internet and the diffusion of Truth to the masses, complete exposure at some point ahead is a certainty.

And the Cabal knows this and has now instituted some very sophisticated A.I. driven countermeasures, which by the way are still failing. The Cabal has deployed the following:

  1. Systematic demonetization of the Internet designed to eliminate many of the truther websites. Since the Cabal controls those paying the advertising fees, this is an easy action to initiate.
  2. Random cyber morphing and substitution of text to create weird spelling and grammar errors in order to confuse.
  3. Coordinated efforts to obscure and eliminate searches for select word, terms, phrases in line with cabal policy.
  4. Sophisticated Denial of Service attacks and all kinds of cyber-attacks against web hosts’ computers and servers and truther’s computers.
  5. Use of a wide variety of limited hangout, misinformation and complete stooge anti-truther websites and articles designed to keep the Internet user confused.

Despite all of these sophisticated methods used to bury and confound truth, these Cabal actions are failing and a strong growing emerging populism is the evidence of that.

Due to WWII, the Cold War, and the Cabal-created war on Terror, the USG has been able to use massive amounts of taxpayer money and massive fraudulent loans from the criminal Federal Reserve System to transform America into a massive secret Police State. This secret Police State maintains the veneer of “friendly fascism” (aka the “iron hand in the velvet glove” as described by GHWB).

Markus Johannes “Mischa” Wolf (19 Jan 1923 – 9 Nov 2006) was head of East Germany’s Ministry for State Security (commonly known as the Stasi), and was the Stasi’s number two for 34 years, during most of the Cold War.

This massive secret Police State system was increased in size and power after 9-11-01, when the Cabal hired former Stasi head Markus Wolf to set up DHS (Homeland Security). Cabal leaders felt that it was necessary to consolidate all US Law Enforcement and Intel in order to make sure the fact that they ran 9-11-01 as their inside job would never be discovered by main stream America.

Thus DHS was set up as a cover-up mechanism and just another police state enterprise to extract more money from the taxpayers, while oppressing them when necessary.

Now there is a big mystery in what is going to happen next. This relates to who was really behind the French Revolution, as well as the American revolution. Such actions actually came from a sub-group inside the Cabal that always seems to assert itself at key times in history.

The power of the Cabal has seemed inviolate by those who have studied it deeply. However, it is not uni-dimensional; and throughout history a certain faction has always performed actions which have created major setbacks, at least temporarily, for its Globalist NWO Agenda of evil.

This certain faction has always been set up and secretly empowered to run counter to the majority Ruling Cabal membership, now about 8500 soulless creatures. This decision to secretly institute changes which will destroy most of the Ruling Cabal in the coming months like all other prior “setbacks” always come from the very top of the Hierarchy, the Superior General.

This strategic action to flush the Hierarchy mainstream which are actually functioning as high level Cutouts seems counter-intuitive and will certainly create massive confusion in the Hierarchy ranks as they are quickly deposed “like a rock rolling down a hill and gaining speed”.

The best place to learn about these periodic reversals of fortune for the Cabal for those interested, is by reading the book “Rulers of Evil” by Tupper Saussy (which has been a free pdf download on the Internet).

Right now this secret faction in the Cabal is orchestrating the downfall of the Cabal in order to bring in a new system.

To do this, they instituted the Internet (the New Gutenberg Press), made sure the DNC emails were leaked showing massive criminality and Cabal linkages, and also have created major exposure for the crooked Republican leaders with the same Cabal linkages.

This secret faction is making sure that Paedophilia is exposed and that numerous first-hand witnesses will come forth. This faction is also taking the CMMM apart at the seams bit by bit via the Internet.

The bottom line to all this is the top leadership of the Luciferian Cain System which rules the World by “Evil ruling over Evil” bears no true loyalty to its Hierarchy ranks (the BT/RKM/COL aka the Ruling Cabal).

Most of these Cutouts are Doofuses and tend to be strange appearing, odd folks upon examination – individuals chosen to play an unimaginably evil role because they are willing to forsake humanity for power, wealth and status and give up their very souls to attain such benefits.

As soon as these Cutouts are no longer needed or their displacement suits a higher Luciferian purpose, they enter a period of extreme risk for such. That time has now come and a major shift is now going to be made to bring in a new, much friendlier appearing (at least at first) Cosmic Fascism.

Conclusion

Despite all kinds of sophisticated psyops and other secretive methods to keep the American masses from knowing the truth, the Internet which is the New Gutenberg Press has elicited a growing, increasingly powerful emergent populism. President Trump captured that populism and rode it to become elected.

The Controlled Major Mass Media (CMMM), a CIA proprietary (through Cutouts, including a terrorist financing investment group in Switzerland that claims to be on the vanguard of investments), is losing business by the day. And more and more Americans just do not believe much of its stories anymore, most all of which are now known by Internet-related Truth-tellers to be big lies, false-narratives and Cabal propaganda.

Major truth has now been completely exposed on the Internet Truth websites that is diffusing across mainstream America, slowly but surely and cannot be stopped:

1- JFK was assassinated by a CIA Op40 USG executive action, fully authorized and supported by J. Edgar Hoover, the JCS, LBJ and the RKM Banksters. Oswald didn’t do it, and the full might and resources of the USG and Intel agencies has been used to cover it up ever since.

2- Despite the USG’s War on Drugs, the CIA and the DOD continue to be the world’s biggest illegal drug traffickers and have set up joint businesses with all the Cartels. They use this to advance the Cabal’s agenda to create massive chaos and death while raising many trillions of USD for Black operations.

3- The Ruling Cabal (BT/RKM/COL) ordered the nuclear attack on America on 9-11-01 using cutouts (PNACers, NeoCons, Dual Citizens, JCS, Administration, Northcom, USAF and the FAA). This was a false-flag attack designed to create the War on Terror and to justify a whole new age of illegal, unconstitutional preemptive wars against Mideast nations for Israel, a main Cutout and action-agent for the Rothschilds and the Babylonian Talmudists (BTs).

4- Sandy Hook was a two-day False-flag attack in which nobody died. It was planned for over two years in advance and designed as a major psyop to manipulate the American people to be willing to give up their Second Amendment rights. It failed in that because it increased gun sales tremendously. It did create major fear in parents, thus justifying a great deal more taxpayer money spent on police-state buildup and helped to break down trust between Americans, which helps destroy the glue that holds society together; this is a major goal of the Cabal. Many Americans are catching on to the fact that, although there have been MK-Ultra shooters deployed who have murdered and left real bodies, many of these false-flags, especially those in the UK and Europe lately, are fake, and use highly paid professional crisis actors and human-appearing planted dummies instead of real bodies.

5- The Ruling Cabal consists of about 8500 high level Satanists and paedophiles who engage in periodic child sacrifice. They run a large Hierarchy of Cutouts and underlings – about 70% of the Members of the U.S. Congress are paedophiles (according to undercover LE investigations that have been stopped), and all in Congress are human-compromised one way or another, manipulated to “toe the Cabal line”.

The big secret here is that almost all of the 8500 themselves are actually Cutouts too and soon will be displaced from power because, as the World enters a new transformation to Cosmic Fascism, they will no longer be needed, and their exposure will actually help the Superior General attain a higher order goal.

It is no coincidence that the USG has been corrupted at every level and filled with liars, psychopaths, war-mongers and mass-murderers. This has made most Americans hate their own government and become deeply motivated to see those staffing it booted out. This will motivate many to easily abandon their government for a new kinder, gentler one world government.

This new one-world government will be assembled in reaction to a failed US Petro Dollar and western economic system, and although it will seem beneficial at first, as its full essence is revealed, it will bring on a final battle between good and evil framed as a battle between Earth’s armies and a large Alien ET invading force. Some Christians believe this will be God Almighty coming to liberate Earth.

Source*

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