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Keyword: cash

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  • Iran Using U.S. Cash to Fund Unprecedented, Massive Military Buildup

    05/03/2017 10:33:42 AM PDT · by ForYourChildren · 27 replies
    Washington Free Bacon ^ | 05/03/2017 | Adam Kredo
    Tehran seeks to completely overhaul, revamp military might to counter U.S.! Iran is using the billions in cash resources provided under the landmark nuclear deal to engage in an unprecedented military buildup meant to transform the Islamic Republic's fighting force into an "offensive" juggernaut, according to a largely unreported announcement by Iranian military leaders that has sparked concern among U.S. national security insiders and sources on Capitol Hill. Iranian officials announced late last month that Iran's defense budget had increased by 145 percent under President Hassan Rouhani and that the military is moving forward with a massive restructuring effort aimed...
  • IMF Working Paper: The Macroeconomics of De-Cashing

    04/08/2017 7:43:04 AM PDT · by oblomov · 17 replies
    International Monetary Fund ^ | March 2017 | Alexei Kireyev
    I. INTRODUCTION 1. De-cashing is defined as the gradual phasing out of currency from circulation and its replacement with convertible deposits. This initiative does not in any way target the abolition of money as an institution, but is, rather, a sweeping reduction of the role of currency, its cash component, in favor of transferrable deposits, its non-cash component. The monetary authorities in many countries have already taken steps towards de-cashing. These steps include abolishing large denomination bills, imposing ceilings on cash transactions, introducing declaration requirements on the carriage of cash in and out of the country, reporting requirements for cash...
  • Washington is behind India's cash ban. Is this the first step to a global ban on cash?

    01/13/2017 7:04:16 AM PST · by Weeble · 28 replies
    In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. U.S. President Barack Obama has declared the strategic partnership with India a priority of his foreign policy. In the context of this partnership, the US government’s development agency USAID has negotiated cooperation agreements with the Indian ministry of finance to push back the use of cash in favor of digital payments in India...
  • Homeland Security Rationing Ammo to Agents in the Field

    03/13/2017 1:53:31 PM PDT · by Whenifhow · 36 replies
    WND ^ | March 12 2017 | STEVE PEACOCK
    U.S. Immigration and Customs Enforcement says it possesses a “limited amount” of 9mm bullets for agents in the field as well as for training purposes, and it is rationing its ammunition based on internal requests until it can award a new contract. [ ] The apparent role poor planning, or another agenda, played in the issue came to light when ICE said it would have run out of 9mm ammo by June 2017 in the absence of a modified contract with its supplier, Vista Outdoor Inc. So, the agency last month approved a $363,307 ceiling increase to contract No. HSCEMS-11-D-00002....
  • Montana budget picture starts shaping up amid cash shortfall

    02/23/2017 1:46:58 PM PST · by davikkm
    HELENA, Mont. (AP) - A budget analysis shows the work that the Montana Legislature has done so far this session would leave the state in the black financially but with about half the cash reserves that Gov. Steve Bullock wants. The preliminary analysis released Wednesday shows budget subcommittees cutting $46 million more in general fund spending than the governor’s budget proposal. The state would have $159 million in reserves in 2019, compared with the $300 million cushion Bullock is seeking.
  • Quiet Victory for Elites Accelerates Cashless Agenda

    02/14/2017 1:30:47 PM PST · by Lorianne · 33 replies
    World leaders and economists are pushing harder than ever toward a cashless society. With anti-cash measures already being tested in Europe and the Third World, itÂ’s only a matter of time until the global elite push for the same in the U.S. Will globalistsÂ’ dream of a cashless society soon become reality? Plotting in Switzerland Last month, members of the World Economic Forum, more commonly known as the Davos Elite, met for their annual gathering in Switzerland, and the pursuit of a global cashless society was a major topic on their agenda. Nobel Prize-winning economist Joseph Stiglitz, a key member...
  • Davos Elites Call For a Ban on Physical Cash... in the US.

    Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos… “I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.” https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist
  • A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

    01/02/2017 7:10:24 PM PST · by oblomov · 62 replies
    Money and More ^ | 01 Jan 2017 | Norbert Häring
    In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington's role has been disguised only very superficially. weiterlesen US-President Barack Obama has declared the strategic partnership with India a priority of his foreign policy. China needs to be reined in. In the context of this partnership, the US government’s development agency USAID has negotiated cooperation agreements with the...
  • EU to boost border checks on cash, gold to tackle "terrorism financing"

    12/28/2016 10:44:51 AM PST · by Lorianne · 7 replies
    Reuters ^ | 21 December 2016 | Francesco Guarascio
    The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU on Wednesday, in a bid to shut down one route for funding of militant attacks on the continent. The move follows Monday's attack on a Christmas market in Berlin, where 12 people were killed as a truck ploughed into a crowd. It is part of an EU "action plan against terrorist financing" unveiled after the bombings and shootings in Paris in November 2015. Under the new proposals, customs officials in European Union states can step up checks on cash and prepaid payment cards sent...
  • Venezuelans fight to protect their savings as government pulls bills from circulation

    12/14/2016 9:30:43 AM PST · by Tilted Irish Kilt · 32 replies
    fusion.net ^ | 12/13/2016
    CARACAS— Venezuelans are rushing to the banks this week in a desperate attempt to protect their savings from the government’s latest spasm of reckless financial policymaking. On Tuesday morning thousands of people across Venezuela played hooky from work to line-up outside banks and deposit bundles of cash into their savings accounts after the government gave everyone a 72-hour countdown to turn in all their 100 bolivar notes before they’re removed from circulation. “I’ve been saving for so long, withdrawing money every week and for what? Nothing!” complained José Orozco, who was holding a backpack full of money as he stood...
  • Pondering A 'Cashless' Society: Central Banks Want To Make Your Mattress Obsolete

    12/19/2016 9:11:00 AM PST · by Lorianne · 26 replies
    Seeking Alpha ^ | 17 December 2016 | The Heisenberg
    •Scandinavia is about to close its last mint. •While conspiracy theorists fret about privacy, the real story may be rates. •What would you do if cash disappeared tomorrow? Fridays can be tedious when it comes to ferreting out interesting stories. I found an interesting piece on Bloomberg about Scandinavia's transition to a cashless society. By way of introduction, note that interest rates are negative in Sweden and Denmark and barely positive in Norway. I'll come back to that. So Bloomberg chronicles the rapid disappearance of cash in the region, noting that "by the end of this month, Scandinavia's last mint...
  • Cash Is No Longer King: The Phasing Out of Physical Money Has Begun

    12/13/2016 8:12:03 PM PST · by upchuck · 63 replies
    Lew Rockwell ^ | Dec 13, 2016 | Shaun Bradley
    As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central banks. The war on cash isn’t going to be waged overnight, and showdowns will continue in any country where citizens turn to alternatives like precious metals or decentralized cryptocurrencies. Although this transition may feel like a natural progression into the digital age, the real motivation to go cashless is downright...
  • "Brace For Economic Disruption" SocGen Sees "Sharp Rise In Gold" As India Plans Cap On Cash Holdings

    11/20/2016 7:10:20 AM PST · by blam · 56 replies
    Zero Hedge ^ | Tyler Durden
    Tyler DurdenNovember 19, 2016 India's 'de-monetization' scheme has caused chaos across the nation, and while SocGen says the government's plan may have some short-term success in curbing so-called 'black-money', investors should "brace for economic disruption" as Bloomberg reports the Indian government is considering a cap on cash holdings for individuals. As SocGen concludes, "people will now be more inclined to park their black income in gold rather than in currency." The daily images of utter chaos in India that has brought the conutry's economy to a standstill since they unleashed their war on cash... Are perhaps about to get worse,...
  • Australia: War on Cash intensifies: Citibank to stop accepting cash at some branches

    11/17/2016 4:41:39 AM PST · by upchuck · 19 replies
    sovereignman.com ^ | Nov 16, 2016 | Simon Black
    In July 2016, Australian payments firm Tyro published an enormously self-serving blog post touting the benefits of a cashless society and saying, “it’s only a matter of time.” Most notably, two days ago, Citibank (yes, THAT Citibank) announced that it was going cashless at some of its Australian branches.The media and political establishments have chimed in as well.In February of this year, the Sydney Morning Herald released a series of articles, some of which were written by officials from Australia’s Department of the Treasury, suggesting that eliminating cash will “save billions”, and that “moving to a cashless society is the...
  • Trump tax plan could lure Silicon Valley companies’ cash hoards back to U.S.

    11/10/2016 6:59:41 AM PST · by artichokegrower · 14 replies
    San Jose Mercury ^ | November 9, 2016 | Ethan Baron
    A tax plan from President-elect Donald Trump could solve one of the biggest problems facing the Bay Area’s tech industry: billions in cash parked overseas, with foreign governments itching to get their hands on it.
  • War on Black Money | Move to Scrap Rs 1,000 and Rs 500 Notes Will Help in Long Run, Says RBI

    11/08/2016 11:42:23 AM PST · by Little Pig · 18 replies
    News18 ^ | 11/08/2016 | News18
    Currency notes of Rs 500 and Rs 1,000 won’t be valid from midnight, PM Narendra Modi says in an address to the nation. “Currency notes of Rs 1000 and Rs 500 will be just paper with no value,” the PM says. Modi says the citizens’ money will be safe as they can deposit the notes in the bank before December 30, 2016. “People can deposit notes of Rs 1,000 and Rs 500 in their banks from November 10 till December 30, 2016,” says PM. All other coins and notes to be continued.
  • Denmark seizes thousands in cash from migrants

    11/05/2016 7:27:23 AM PDT · by Olog-hai · 7 replies
    TheLocal.dk ^ | 04 Nov 2016 08:19 GMT+01:00
    A controversial Danish law allowing authorities to seize cash and valuables from asylum-seekers has been used on a handful of occasions since coming into force in February, Danish police said on Thursday. A total of 117,600 kroner (€15,805, $17,525), all of it in cash, had been confiscated, Danish police told AFP in an email. […] The law was first used on June 30th, when five Iranians had to hand over a total of 79,600 kroner, police said. It was used a second time on July 14th, when an Iranian family of four had to pay 10,300 kroner, and again on...
  • Clinton Inc. — Still More Clinton Foundation Sleaze Exposed

    10/28/2016 9:51:27 AM PDT · by afraidfortherepublic · 5 replies
    Investors Business Daily ^ | 10-28-16 | Editorial
    Scandal: Hillary Clinton must be glad the election is only 11 days away, because every day we learn more about the depth of sleaze and corruption of the Clinton Foundation. The Foundation has been under suspicion for more than a year for being a "pay to play" operation while Hillary was Secretary of State, in which governments and big wigs gave money to the Clinton's charity in exchange for access or favors from the State Department. One of the defenses mounted against such criticisms is that the Clinton's never personally benefitted from the Clinton Foundation. "They get no money from...
  • ISIS Sex Slaves Auctioned Off in Saudi Arabia – Hillary’s Top Donor Country

    09/26/2016 9:52:45 AM PDT · by xzins · 47 replies
    The Gateway Pundit ^ | Sep 26th, 2016 | Jim Hoft
    According to eyewitness reports ISIS sex slaves are reportedly being sold in Saudi Arabia. Jihad Watch reported: It isn’t news that the Islamic State has long been abusing and trafficking sex slaves – especially Yazidi girls – but it has been now discovered that the sex slaves of IS are being “sold in horrifying auctions to UK ally Saudi Arabia.” An eyewitness reported: Dozens of women were being held in a large room, and it was not only Iraqis and Syrians trading women but also Saudis and Westerners, whose actual nationality was not clear. Western women have also been reported...
  • Comics A.M.: Library Refuses To Buy Clinton Cash Graphic Novel

    09/23/2016 8:09:58 AM PDT · by Behind Liberal Lines · 18 replies
    Comic Book Resources ^ | 09/23/16 | by Brigid Alverson
    A Gainesville, Florida, resident is crying foul at the local library’s refusal to add “Clinton Cash: A Graphic Novel” to its collection. The book is an adaptation by Chuck Dixon and Brett R. Smith of Peter Schweizer’s nonfiction book of the same name, which is highly critical of Bill and Hillary Clinton. When Ann Lhota asked the Alachua County library to buy a copy of the graphic novel, officials said no. “When the book was requested, we already had 11 copies in four formats,” said spokesman Nickie Kortus, referring to the prose version. Lhota, who asked the library to purchase...