Banking

Cash No Longer King: Europe Moves to Begin Elimination of Paper Money

  • Posted 4th June 2017, 8:29 pm by Toddler
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"Negative interest rates and high inflation are a deadly combination that could further destabilize the already fragile union in the future. With less physical currency circulating, these trends ensure that the impact of any additional central bank policies will be maximized. If economic conditions deteriorate, the threat of citizens pulling cash out of their accounts and starting a bank run is eliminated in a cashless system. So long as the people’s wealth is under centralized control, funds can be shifted at will to conceal any underlying problems. But the longer this shell game is allowed to persist, the more painful it will be when reality overrides the manipulation."

Ukraine Receives New Weapons | Global Research

  • Posted 8th December 2014, 2:02 pm by admin
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Weapons bought from other countries can be paid for only with borrowed money, because the Government of Ukraine is basically broke and soaring even deeper into debt, and is sharply cutting back on pensions and other expenditures than military, which is receiving the Government’s virtually total focus. Any added loans will never be able to be paid back, because Ukraine will not be able to pay back all of the existing loans. Consequently, all countries that are now ‘lending’ additional funds to Ukraine are simply donating to Ukraine. Furthermore, the IMF is demanding that the breakaway Ukrainian areas be conquered in order for additional loans to be made to the Ukrainian Government.