Banking and Monetary Policy

Global Debt is Now an Insane $164 Trillion, but Who Exactly Do We Owe?

Source: Waking Times April 19, 2018 Isaac Davis If you’ve ever wondered why the world seems hopelessly fraught with endless conflict, ruled corrupt states, and bent on developing a never-ending supply of advanced weaponry, you’d need to understand the nature of our debt based economy. The IMF has just reported …

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Banking and Monetary Policy

UPDATE – China to start paying yuan for oil

Source: The Corbett Report April 2, 2018 James Corbett No sooner had I penned my editorial on how “The Petroyuan Was Born This Week” than the next piece of the puzzle arrived: China is set to start buying oil directly with yuan this year. You may not know it, but …

Banking and Monetary Policy

The Petroyuan Was Born This Week. Here’s What It Means.

Source: The Corbett Report March 31, 2018 James Corbett It has been promised for 25 years. Its coming has been heralded as a world-changing event. It has launched a thousand headlines in the last few months. And it happened this week. But if you blinked you would have missed it. …

Banking and Monetary Policy

Down With The Ship: Meet Jay Powell, the New Fed Chairman

Source: The Corbett Report February 17, 2018 James Corbett Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as …

Banking and Monetary Policy

True Lies: The Financial Press Just Admitted the Markets are a Sham

Source: The Corbett Report January 21, 2018 James Corbett Sometimes the truest of hard truths are to be found smack dab in the middle of the fakest of fake news. You just have to read between the lines. Take a recent story that bubbled up amid all the hype about …

War On Cash

UK Supermarket Becomes World’s First to Offer Cashless Checkout with Finger Vein Scan

Source: Activist Post September 20, 2017 By Nicholas West The march toward a cashless society has now moved from the theoretical to the phase of widespread adoption. This is primarily due to developments in the tech sector that now enable the easy use of biometric recognition systems, as well as …

War On Cash

Hawaii Becomes First U.S. State To Go Cashless For Marijuana Sales

Source: Activist Post September 16, 2017 By Aaron Kesel Hawaiian state officials announced Tuesday that Hawaii will be the first state to require the sale of marijuana to be cashless, paid with a special debit card payment system next month. “Oct. 1 is our target date to try to go cashless …

War On Cash

War on Cash Backfires on India’s Economy

Source: Activist Post September 7, 2017 By Clint Siegner Indian Prime Minister Narendra Modi launched a surprise attack on cash in late 2016. He gave Indians a few days to convert the two largest denomination bills then circulating to bank deposits, after which point any undeposited notes would become worthless. …

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Banking and Monetary Policy

China’s New World Order: Gold-backed oil benchmark on the way

Source: Corbett Report September 5, 2017 James Corbett China has announced a “new world order” for world oil markets that could have profound effects on the global economy and the monetary order itself. But as The Shanghai International Energy Exchange gears up for operation, it’s important to note yet again …

War On Cash

Cashless Society: China’s KFC Introduces Facial Recognition Payment System

Source: Activist Post September 5, 2017 By Nicholas West Step by step, facial recognition has been accepted by the general public for security; its appearance is proliferating at airports and at train stations around the world. With that acclimatization in full swing, facial recognition is also becoming a preference in …