Source – CNN Money
MasterCard wants to ditch the old-fashioned password and use selfies to approve online purchases.
The company announced it is launching new mobile technologies that will allow customers to authenticate their online purchases using selfies or fingerprints.
The technology will be rolled out by big banks in the U.S., Canada, the U.K. and some European countries over the next few months. Continue reading “Mastercard launching selfie payments”
Source Government bureaucrats, central bankers, and Wall Street executives all have their own reasons for hating the cash in your wallet. So, no surprise, they are working closely together to rid you of it. The war on cash is intensifying and bullion investors are wondering what the transition to a “cashless society” might mean. We’ll cover that, but let’s first recap why these organizations are, … Continue reading The Escalating War on Cash and What It Means For Metals
GOP frontrunner makes good on promise to call for audit of Fed Source – Kit Daniels – Infowars Donald Trump is calling for an audit of the Federal Reserve. The GOP frontrunner said it was important to audit the Fed and even called out his rival, Sen. Ted Cruz, for skipping a vote on Sen. Rand Paul’s “Audit the Fed” proposal back in Jan. It … Continue reading Trump Calls for Auditing the Fed
Source – Infowars
Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits
The US economy died when middle class jobs were offshored and when the financial system was deregulated.
Jobs offshoring benefitted corporate executives and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the bull market generated by higher profits. Continue reading “The U.S. Economy Has Not Recovered and Will Not Recover”
Source – Liberty Blitzkreig The war on cash has been in the works for a very, very long time, but the propaganda campaign to convince an always gullible public to accept the scheme seems to have been hatched in earnest late last spring. For example, here are a few excerpts from the post, Martin Armstrong Reports on a Secret Meeting in London to Ban Cash: Martin Armstrong … Continue reading Latest Version of Monopoly is Called “Ultimate Banking” and is Completely Cashless
Last Thursday when we recounted the story of how Venezuela is now literally flying in paper money (using three dozen cargo Boeing 747s), we wrote that “Venezuela’s hyperinflation, already tentatively estimated at 720%, will likely add on a few (hundred) zeroes by this time next year. It is also quite likely that Venezuela the country, as we know it now, will no longer exist because once any nation is swept up in hyperinflationary rapids two things occur like clockwork: social uprisings and political coups. Continue reading “Venezuela Prepares To Liquidate Its Remaining Gold Holdings To Pay Coming Debt Maturities”
Sweden is shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest rates in a cashless society.
The Swedish central bank held its benchmark interest rate at
-0.35% today, the level it has been at since July.
Although retail banks have yet to pass on that negative to rate to Swedish consumers, the longer it’s held there the more financial pressure there is for banks to pass the costs onto their customers. That’s a problem because Sweden is the closest country on the planet to becoming an all-electronic cashless society. Continue reading “People in Sweden are hiding cash in their microwaves as it gets closer to being the first cashless society with negative interest rates”
Millions of Americans were gearing up for some huge event to happen in September, but the world didn’t end and now many of them have given up entirely on prepping. Of course the truth is that some absolutely earth-shattering events did take place last month, but because September did not play out exactly as some were anticipating, a lot of people feel very let down. My contacts in the emergency food industry tell me that sales have dropped off dramatically, and yesterday I was told by someone that I trust that the same is true for those that sell precious metals. But this should not be happening. What we witnessed in August and September was just the warm up act, and all of the numbers are absolutely screaming at us that we are right on track for a major global crisis. In this article I am going to focus on economic and financial issues, but there are so many other things going on around the planet right now that threaten to throw our world into turmoil. Anyone that thinks that it is safe to “relax” now is simply not paying attention. The following are 20 reasons why all the people that quit prepping after September are dead wrong… Continue reading “20 Reasons Why All The People That Quit Prepping After September Are Dead Wrong”
The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is down 3.4 percent. So those that are waiting for the next worldwide economic recession to begin can stop waiting. … Continue reading The Numbers Say That A Major Global Recession Has Already Begun
Presidential frontrunner Donald Trump released details of his tax plan today.
The plan, posted on Trump’s “Make America Great Again” website, is billed as a way to “let people keep more money in their pockets and increase after-tax wages.”
Many Americans, however, will realize a significant gain. The plan is designed to primarily benefit the poor, the lower middle class and corporations. Continue reading “Millions of Americans Will Realize Little or No Benefit from Donald Trump’s Tax Plan”