Tag: World Bank

A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York

Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City.  During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”.  Reportedly, there were representatives from Nasdaq, Citigroup, […]

Inside the Secret Meeting Where Wall Street Tested Digital Cash

On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc. They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software. […]

Chinese Mega-bank Partners With World Bank for New World Order

The many establishment analysts who portrayed the Communist Chinese dictatorship’s new Asian Infrastructure Investment Bank (AIIB) as a supposed “rival” to the Western globalist-led international economic order must be awfully embarrassed right now. And those who believed them, hoping the brutal Beijing regime’s bank was going to stand up to the World Bank-International Monetary Fund […]

Barclays becomes the first big UK bank to back a digital currency firm

Barclays has become the first big British bank to form a partnership with a digital currency firm, social payments app Circle, which runs partly on bitcoin’s blockchain network and launched in the UK on Wednesday.   In what Britain’s Treasury called a “major milestone” in its push to make the UK the world’s capital for […]

ATM withdrawal limits stoke fears of financial meltdown

A move by J.P. Morgan Chase & Co to limit ATM withdrawals by non-customers to $1,000 per day did little to ease fears of a looming financial meltdown.   The largest bank in the U.S. claims its new cap on daily cash, which will affect 18,000 machines across the nation, is a security precaution to […]

Globalisation with a human face

JUSTIN TRUDEAU has been Canada’s prime minister since November, but it was only on March 22nd that he showed the country in detail how he intends to lead it. His government’s first budget, presented by the finance minister, Bill Morneau, broke decisively with the austerity of the previous Conservative administration. Faced with an economy weakened […]

The War On Cash: Yet Another Example of Gov’t Trading Liberty for Security

Although it doesn’t get nearly as much attention as it warrants, one of the greatest threats to liberty and prosperity is the potential curtailment and elimination of cash.   As I’ve previously noted, there are two reasons why statists don’t like cash and instead would prefer all of us to use digital money (under their […]

STRATFOR: A world without cash is inevitable

Physical currency is going extinct, according to Stratfor.In a recent paper, the global forecaster said that the world is on a march to a cashless society and even if there are setbacks the endgame is inevitable.”All of these trends, allied with the unstoppable progress of technology, will likely make cashless transactions ever more prevalent in the […]

Why a selloff in European banks is ominous

The region’s banking gauge, the Stoxx Europe 600 Banks Index FX7, -3.97% has logged six straight weeks of declines, its longest weekly losing stretch since 2008, when banks booked 10 weeks of losses, beginning in May, according to FactSet data. And this week, so far, looks set to stretch that run to seven weeks of […]

French and German Central Bankers Want a Central Euro Finance Ministry

The euro zone needs to press ahead with structural reforms and closer integration, including a euro zone finance ministry, to deliver sustainable growth, the heads of the French and German central banks wrote in a German newspaper on Monday.   In a guest article for the Sueddeutsche Zeitung entitled “Europe at a crossroads”, they said […]