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The War On Cash And Then On Gold

Discussion in 'Topical Discussions (In Depth)' started by searcher, Dec 20, 2016.



  1. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  2. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  3. solarion

    solarion Gold Member Gold Chaser

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    Gumbymint is like a rabid dog attacking its owner. Rabid dogs should be put down.
     
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  4. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  5. solarion

    solarion Gold Member Gold Chaser

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    India, Japan, and Australia moving to embrace cryptos while the fascist pigs in the District of Corruption are working on a bill to criminalize it.

    Land of the free my ass.
     
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  6. Joe King

    Joe King Gold Member Gold Chaser

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    Are you saying there's actually a Bill in Congress that does that, or just that it's on their wish list?
     
  7. solarion

    solarion Gold Member Gold Chaser

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  8. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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  9. solarion

    solarion Gold Member Gold Chaser

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    Trying to get 'mericans to out themselves by declaring their bitcoin net worth at the commie checkpoints seems more like an act of desperation than a real policy. Smacks of the traitor FDR declaring private gold ownership "illegal" and threatening fines and prison time that was never going to be used. Except, bitcoin is just a tiny bit easier to conceal.

    DeeCee is filled with pathetic leeches that couldn't survive a month on the streets.
     
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  10. Joe King

    Joe King Gold Member Gold Chaser

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    Thanks for posting that. Very interesting. Although I will say that I feel they are setting themselves up for an impossible task.

    A quick quote from a pertinent part of the Legislation: Not later than 18 months after the date of enactment of this Act, the Secretary of Homeland Security, in consultation with the Commissioner of U.S. Customs and Border Protection, shall submit to Congress a report—
    (1) detailing a strategy to interdict and detect prepaid access devices, digital currencies, or other similar instruments, at border crossings and other ports of entry for the United States; and

    (2) that includes an assessment of infrastructure needed to carry out the strategy detailed in paragraph (1).

    How could they ever actually do that? For example, in the case of prepaid gift cards, email the codes to yourself via a free email service and then shred the cards. Travel to wherever you want, check your email for the codes and spend 'em like normal. How could they ever have time to check for that at a border crossing?
    ...and even if the nsa spied on your email and tattled on ya, all ya gotta do is alter the codes by a known-only-to-you amount and/or add a few of your own characters to them so no one could know what they were. (an Amazon code on its own may be recognizable as such) Ie: At that point it's just a random string of numbers and letters.
     
  11. solarion

    solarion Gold Member Gold Chaser

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    Mission impossible. They just want to scare people into screwing themselves...again.
     
  12. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Digital Enslavement With No Way Out

    -- Published: Monday, 26 June 2017

    By Rory Hall

    Click Here for Part 1

    Click Here for Part 2

    So far we have covered a few of the laws and policies government, in conjunction with the banking cabal have their sights set on our remaining wealth. We have also questioned the base architecture of the internet and shown how governments outside the U.S. have explored building an entirely new internet for the purpose of moving away from the U.S. centric internet. Anyone that doesn’t understand our entire digital footprint is captured and catalogued by government spy agencies is not living in the real world.

    This brings us to the fact several governments have expressed their desire to eliminate cash from the system. Sweden has moved away from cash in a non-official capacity. India recently eliminated the two most used bank notes in the country. China’s economy flourishes on approximately 40% cash transactions and we have also demonstrated the world over approximately 1 out of 3 people never use cash at all for any reason.

    What is behind a move to a cashless society? Who is interested in making this a reality? Who would benefit and what could possibly go wrong for the citizens?

    Williem Buiter, CITI, wrote an article for the Financial Times – Alphaville describing how what a wonderful world it would be without all that nasty cash floating around. Mr. Buiter is one of those economist that, at his core, seems to hate that people have a desire to save their wealth instead of spending their way into prosperity.

    As far back as 1999 Wiliem seemingly was already interested in stealing peoples wealth through “negative” interest rates. First, as Williem states, there is no such thing as negative interest rates. You and I would refer this as theft, but since Buiter is an “economist” of the highest degree he uses very flowery language.

    An economy is in a liquidity trap when monetary policy cannot influence either real or nominal variables of interest. A necessary condition for this is that the short nominal interest rate is constrained by its lower bound, typically zero. The paper considers two small analytical models, one Old-Keynesian, the other New-Keynesian possessing equilibria where not only the short nominal interest rate, but nominal interest rates at all maturities can be stuck at their zero lower bound.

    When the authorities remove the zero nominal interest rate floor by adopting an augmented monetary rule that systematically keeps the nominal interest rate on base money (including currency) at or below the nominal interest rate on non-monetary instruments, the lower bound equilibria are eliminated, thus allowing an economic system to avoid the trap or to escape from it. This rule will involve paying negative interest on currency, that is, imposing a ‘carry tax’ on currency, an idea first promoted by Gesell. The administration costs associated with a currency carry tax must be set against the benefits of potentially lower shoe-leather costs and lower menu costs which are made possible by the its introduction. There are also output-gap avoidance benefits from eliminating the zero lower bound trap. Source

    In other-words – if a bank can show that zero is not actually the end of the line for interest rates, the sky is the limit as to how low interest rates can go. This, of course, is dependent on imposing a “carry tax” on currency. Meaning, that if you have funds in a checking, savings or other account in a bank the bank MUST charge your a percentage of your funds for the privilege of them holding your funds. Just kinda gives you the warm and fuzzies doesn’t it?

    The fact that Buiter detailed how negative interest rates would work in 1999 proves beyond question we are given small pieces of the puzzle and it is our duty and our responsibility to piece the puzzle together. The banksters told us it was coming, they just didn’t say when.

    While the paper Buiter is public, Quantitate Easing (QE), Negative Interest Rate Policy (NIRP) and Zero Interest Rate Policy (ZIRP) were never introduced, across the spectrum, to the public until 2010 and this was two full years after the collapse of the banking system in 2008 and all the attempts to “revive the economy” had completely failed. The banks were still in a state of collapse after two years of trying to convince the public everything was fine.

    Now we have a better idea of why banks must move to a cashless society. If they do not, the way the system is currently functioning will never change. It will remain in a perpetual state of nothingness or said more plainly – economic depression – think Japan for the past 20+ years. The serfs will rise up if this continues much longer so having an escape plan is a must. That escape plan is a cashless society.

    I want something in our system to change and allow the people to have free will. Is the blockchain or cryptocurrencies the answer? Will we the people be able to force the hand of the central banks, the cause of misery the world over? Will we the people be able to take back our sovereignty without firing a shot?

    Let’s review some recent comments on the blockchain, cryptocurrencies and read what has been said.

    The first step in stripping all the cash from the hands of the people, and thereby, rendering them slaves to the banks forever, make it much simpler and “convenient” to use a debit or credit card and enact laws that limit their use of cash. If this doesn’t work simply change the laws outlawing cash, but the goal is to first soft-sell “de-cashing“.

    The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing”. It gives advice to governments who want to abolish cash against the will of their citizenry. Move slowly, start with harmless seeming measures, is part of that advice. Source

    One of my favorite criminal banksters is Blythe Masters, the queen of derivatives. If ever there was a one single person responsible for the 2008 utter meltdown of the global economy it would be Masters. She is directly responsible for the development of credit default swaps – “financial weapons of mass destruction”. Blythe, after strip mining the global economy for the banksters accepted her next assignment – developing blockchain technology for the banking cabal.

    In 2015 Masters was being heralded as the second-coming in banking.

    Masters is the CEO of Digital Asset Holdings, a New York tech startup. She says her firm is designing software that will enable banks, investors, and other market players to use blockchain technology to change the way they trade loans, bonds, and other assets. If she’s right, she’ll be at the center of yet another whirlwind that will change the markets.

    “You should be taking this technology as seriously as you should have been taking the development of the Internet in the early 1990s,” Masters, a lithe 46-year-old Englishwoman with auburn hair and the proper diction of the Home Counties, explains to the rapt audience. “It’s analogous to e-mail for money.”

    That’s a bold statement, but Masters isn’t the only voice heralding the coming of the blockchain. The Bank of England, in a report earlier this year, calls it the “first attempt at an Internet of finance,” while the Federal Reserve Bank of St. Louis hails it as a “stroke of genius.” In a June white paper, the World Economic Forum says, “The blockchain protocol threatens to disintermediate almost every process in financial services.”

    ****

    By contrast, Ripple Labs, another San Francisco company, runs a self-contained network for financial institutions that doesn’t rely on bitcoin at all. Masters plans to offer banks and other financial players both options: Digital Asset is creating an off-the-shelf private blockchain product and developing ways to connect its customers to the existing bitcoin system.

    Whatever form it takes, the blockchain has the potential to change the very structure of the financial services industry, says Oliver Bussmann, the chief information officer at UBS. “If you brought up bitcoin with bankers 12 months ago, you’d lose their attention immediately,” Bussmann says. “Now, everyone sees this as a critical topic. I know of more than 100 firms that are trying to make the blockchain more scalable, more secure, to make the one that everybody will use. There’s a race on out there.”Source

    What about something else associated with Blythe and her merry band of bankster scum – the DTCC. Not familiar with DTCC. Well, they own all the stock in your portfolio. Please, I beg you not to trust me and look it up yourself – once you arrive at the point that shows you that I am 100% correct allow the pain and sting to sink down into your bones. Then do something about it.

    DTCC and Digital Asset – the tech firm that Masters leads – hope that their new tool will cut costs for traders, and reduce the risk that trades won’t complete correctly.

    It is not the only blockchain-based project that the DTCC has embarked on. It is also working on using the technology to build a new trade-records system for the derivatives market. In January, it said it had joined forces with IBM and New York-based fintech startups Axoni and R3 for this project. Source

    Isn’t that nice, Blythe Masters building blockchain technology to assist the banks and the DTCC to make everything run better. That is about as terrifying a thought as I can imagine. I feel confident the efficiencies in theft by the banks will increase 10-fold.

    What about the next level up from Blythe and her criminality? The IMF is also interested in blockchain and cryptocurrencies.

    In a speech today at a Financial Action Task Force (FATF) plenary meeting, Christine Lagarde talked broadly about how her organization is seeking to combat money laundering and terrorist financing, noting that blockchain innovations could be both a defense against these issues, as well as a tool that enables them. Source

    Plenary, plenary, where have I heard that word before – oh yeah, in John Titus’ brilliant explanation All the Plenary’s Men.The picture gets darker and uglier by the minute.



    What about the federal government of the U.S. what interest are the wankers in DC showing?

    The agency said on its website:

    “The purpose of this RFQ is to obtain contractor support to develop a proof of concept for DLT (Distributed Ledger Technology), automated machine learning technology, and/or artificial intelligence based exchange implementation into GSA’s Multiple Award Schedule (MAS) FAStlane new offer proposal review processes.”

    For those unaware DLT another way of saying blockchain.

    What about the United Nations and being able to enslave people through stripping them of affordable energy to heat and cool their homes, run their vehicles on the remaining oil or use energy in a way that fits their need? Well, blockchain to the rescue. That’s right

    “As countries, regions, cities and businesses work to rapidly implement the Paris Climate Change Agreement, they need to make use of all innovative and cutting-edge technologies available. Blockchain could contribute to greater stakeholder involvement, transparency and engagement and help bring trust and further innovative solutions in the fight against climate change, leading to enhanced climate actions.” Source

    That’s a lot of criminals circling the very item that is suppose to free humanity from the clutches of these very people that have us currently enslaved!! Or did I miss something?

    What the central banks? Well, they already have a cryptocurrency to circumvent all the other cryptocurrencies.

    There is a new cryptocurrency on the scene called “Utility Settlement Coin” (USC). This new electronic currency was developed by four of the largest banks in the world, including UBS, Deutsche Bank, Santander, BNY Mellon and ICAP. Source

    I want out of this current nightmare as much as anyone else. I have long questioned the “saving grace” of cryptocurrencies and said point blank this is a banksters dream come true. Now you have credible people singing the praises of this new technology.

    What about recent comments made by one these respected voices stating the technology can be traced “step for step” with a “paper trail” leading back to the ultimate source of the recent Ethereum flash crash!! Listen for yourself, then get back to me about how this technology, now surrounded by the very criminals, who’s crimes we report every single day, like jackals surrounding it’s next victim.

    At the end of the day each of us has to make decisions based on information and our individual circumstances. I am still stacking physical gold and silver. I will continue stacking physical.

    http://thedailycoin.org/2017/06/26/digital-enslavement-no-way/

    http://news.goldseek.com/GoldSeek/1498493764.php
     
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  13. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Fake Leadership, Fake News… Even Fake Gold Dealers


    -- Published: Monday, 3 July 2017

    Jim Rickards on the War on Gold, the Coming China Collapse & War w/ North Korea
    Listen to the Podcast Audio: Click Here



    [​IMG]

    Mike Gleason: I wanted to ask you about a tweet you sent out earlier this month – and for people who want to follow you there, it's @JamesGRickards – but in that tweet you wrote:

    Just informed that Scotia Bank branch is now a gold buyer only. Will not sell to retail clients. Get it while you can. War on gold is here.

    Expand on that here, Jim. What did you make of that move and why did you make those comments?

    Jim Rickards: Sure. We have a war on cash. I think that's pretty well known to the listeners, so we see it everywhere. India just abolished its two most popular forms of cash. They literally woke up one day and they said, I think it was the 2,000 rupee note and the 1,000 rupee note, if I'm not mistaken. I believe those are the right denominations. Not worth a whole lot by our standards, worth like $15 or whatever. But they were, by far the most popular and widely used, widely circulated bank notes in India. And the government just woke up and said they're all illegal. They're worthless. Just like that. Now what they said is, "Now you can take them down to the bank and you can hand them in, and we'll give you digital credit in your account—oh by the way, the tax inspector's going to be there asking you where you got the money." So obviously it was designed to flush out people suspected of tax evasion.

    Although, in fact it turned out that there weren't that many tax cheaters. They were just people who actually preferred money. The preferred cash and they were forced out of the system, forced into this digital system. And there were all kinds of negative repercussions of that. So, there's a whole country that abolished the most popular forms of cash.

    Sweden is very close to cashless. You go around the United States, you might have some, what we call in Philadelphia “walking around money.” I can look in my wallet and there's probably some 20s and maybe a couple 50s in there, but when you transact, you get paid digitally. You pay your bills with automatic debits. You transfer money with wire transfers. You use your debit card. You use your credit card, etc. You shop on Amazon, you pay with a debit or credit card, etc. maybe PayPal. And I do that. Everyone does that. I'm no different. I'm not exempt from or outside the system.

    The point is the dollar is already a digital currency. It's actually a digital crypto-currency, not that different from Bitcoin. It has a different issuer, but in form it's really a digital currency. But we're very far down the road of a cashless society. It wasn't that long ago, certainly when I was a kid, we had $500 bills. And they were in circulation. You'd see one every now and then. Those were abolished in 1968. That left us with the $100 bill as our largest denomination. But the $100 bill of 1968 is only worth about $20 today in terms of relative purchasing power. So, they don't even have to get rid of the 100, they just have to keep waiting and it'll be worth about 10 cents in time.

    So, the war on cash is underway. That's partly to set up for negative interest rates. I said earlier that the Fed has not used negative interest rates and has no immediate plans to. That's true, but they can. There's nothing stopping them. And of course, other countries have. We've seen this in Europe, Switzerland, Japan, and elsewhere. So how does the negative interest rate work? So, you have 100,000 in the bank and the negative interest rate of one percent. You go away for a year, come back, you only have 99,000 left. The bank took $1,000 out of your account instead of paying you interest, they take your money as negative interest rate.

    Well you say, "Okay, well one of the ways to beat negative interest rate is to take all my cash out… stick it under my mattress or whatever, right?" So you go to the banks, they give you $100,000. They give you ten, what they call straps or $10,000, a 100 100s with a band around it. That's one strap. So, they give you 10 of those and there's your $100,000. And you put it away safely, and a year later, you still have 100,000. But your neighbor with the money in the bank, he only has 99 (thousand), because they took 1% interest. So, the way to beat negative interest rates is to go to cash.

    So therefore, the leads say, "Well, we might want to use negative interest rates, so we have to get rid of cash before we can go to negative interest rates." So that's the war on cash. Now, one of the ways to fight back in the war on cash is to buy gold. Right, so take your cash, buy gold, put that in a safe place. Now even if they eliminate cash, you still have the gold. In theory, even in the world of digital currency you could always sell the gold for a certain amount of digital currency. And you also preserve your value. And for the people they really don't like, terrorists and tax evaders and others. I mean I'm talking about honest citizens. But for the people the government doesn't like, they're already making the migration. Like, "Okay, you want to make it impossible to be a money launderer or impossible to move money around by cash. Let's just use gold. Good luck tracing that. It's non-digital."

    By the way, this is already going on in what I call the axis of gold. The axis of gold is Russia, China, Iran, Turkey and North Korea. When North Korea sells missile technology to Iran, they don't get paid in dollars through Swift. That would never happen. That money would be frozen obviously. The North Koreans really don't want Russian rubles, what are they going to do with them? They can't get dollars, because of the state of the U.S. controls the payment system. So, Iran actually pays them with Korean gold, physical gold. Puts it on a plane, they can fly it to North Korea, or maybe North Korea designates someplace else like Russia as a storage place, because they don't want it in their own backyard. But be that as it may. As I say, Russia, China, Iran, Turkey and North Korea and perhaps others are already settling their payments to each other either for weapon sales or other activities in physical gold.

    So, if you have a war on cash people very quickly migrate to gold, which means you have to have a war on gold also. So, one of the reasons I've been predicting a war on gold is because I see the war on cash is already here. And if the answer to the war on cash is to go to gold, then if you're the global power elite, you have to have a war on gold also. So, a lot of these things don't exist today, but it's very easy to see limitations on sales, certainly from 1933 to 1975, gold was contraband in the United States. It was illegal for a U.S. citizen to possess gold. With very few exemptions. You could have gold denture fillings, I guess or some gold jewelry, but not coins or bullion. So, you could limit sales, you could put all kinds of reporting requirements on dealers, which don't exist today. You could put surtaxes on dealer transactions, which don't exist today, etc. or require licensing, which does not exist today.

    There’s a lot of things you could do to make it very, very difficult to buy or sell gold if not impossible. So, my advice to investors is pretty simple, which is the war on cash is here. The war on gold is coming. Why not go get your gold today, put it in a safe place, and then when they shut the door on gold, you'll be okay, because you'll have yours. People who are waiting, like, "Oh, I'm just going to wait. I'm going to wait until things get worse. I'm going to wait till the price goes up a lot. What's the hurry?" My answer is, "By the time you're ready to move, it may be too late."

    Mike Gleason: Jim, 2018 is setting up to be a pivotal year. You are expecting Chinese officials to keep a lid on their unfolding debt crisis until after the all-important Congress of the Communist Party in China this fall. It is a pivotal gathering in the current party leadership wants badly to put on a good face and avoid turmoil leading up to that event. But you anticipate they will have trouble maintaining control of that situation much beyond the fall. Meanwhile, by next year, Americans should have a better handle on how much of what Trump promised in terms of infrastructure and tax relief might actually come to fruition. It looks like the president has his work cut out for him in Congress. So, as we begin to close here, Jim talk a bit, if you would, about what you think investors should be watching as we move through the next 18 months or so.

    Jim Rickards: Well I don't think there's much that will happen that you can't perceive today. Now there are always surprises. I understand that there'll be terrorist attacks we haven't anticipated, etc. but a lot of the big things that are going to happen in 2018, you can always see them coming, because this is the kind of analysis I do. It's complex dynamic systems analysis. In other words, rather than using stochastic equilibrium models, which is what the Fed does or other obsolete models that are linear in nature, I use a complex theory in complex dynamic systems modeling, because I like to say the future's already here today. It just hasn't played out yet. In other words, if you understand how a system evolves and you understand something about the initial conditions, you can make some forecasts.

    So, for example, one model would be the Mundell-Fleming model, which is sometimes called the impossible trinity. It's one of the leading models of international monetary economics. And basically, it says there are three things that you cannot have at the same time if you're a country. You cannot have an open capital account, a fixed exchange rate and an independent monetary policy. you can have two out of three, one out of three, but you can't have all three. If you try, you will fail. And then the only analytic question is how will you fail and when? But it's called the impossible trinity for a reason, which is you can't have it.

    Now, and the reason is that has to do with arbitrage. If money can come in and out, and I'm pursuing independent monetary policies, my rates are different than somebody else. But I'm trying to peg my exchange rate. Well, obviously, people are going to flee the jurisdiction where they think the interest rate is going to devalue and go to another currency where the interest rate is higher and the currency is going to appreciate not depreciate. And that's going to deplete your capital account and cause a foreign exchange crisis. I don't mean to be glib about the impossible trinity. There are actually good reasons when you look below the surface why it's true. But just take it for true, but now and again, there's decades of evidence to support it.

    China was trying to do this. They were trying the impossible trinity. If you go back to the middle of 2016, even towards the end of 2016, they were running an open capital account to keep the IMF happy. They were trying to peg to the dollar to keep the United States happy. And they were trying to have an independent monetary policy of low interest rates to prop up their Ponzis and their state-owned enterprises and avoid unemployment. So, they had three good reasons for doing three separate things. But they were trying to have the impossible trinity and as they say in Mundell-Fleming model would say, "You're going to fail." And they did fail. They started to fail, which is between late 2014 and late 2016, China lost one trillion dollars in reserves. That was exactly what Mundell would have predicted. The money will run out the door, because they think your fixed exchange rate is not sustainable, because your interest rate policy is too low, etc.

    They lost a trillion dollars. If you had extrapolated that. It's never a very good idea to extrapolate anything. But just as a thought experiment, if you had extrapolated that and further assuming that it accelerates, which historically, they do. China would have been broke by the end of 2017. Now what I said was, that's not going to happen. They're not going to let that happen. So, the question is, what are they going to do about it? Well, you had three choices. You could close the capital account, break the peg to the dollar, or raise interest rates. They decided to maintain the peg. They did the other two. They closed the capital account, pretty effectively for the time being. And they raised interest rates in lock step with the Fed.

    So, they gave up on two of the three legs, kept the third, which is the peg to the dollar. The yuan has been pretty constant against the dollar lately, which was done to, as we get into late 2016, early 2017 to appease Donald Trump, because remember Donald Trump was the one running around on the campaign trail saying, "China's the greatest currency manipulator of all time." While the last thing the Chinese needed was the devaluation. That would have played into Trump's hands, allowed them to slap on all kinds of trade sanctions and other punitive measures as a result of being labeled a currency manipulator, etc. Trump didn't do any of that for two reasons.

    One, China had maintained the peg, did not devalue further, they actually spent money to prop up the yuan. And two, Trump wanted China's help on North Korea, so he was willing to play nice in the economic sphere to get help in the geopolitical sphere. Now, both of those things are coming to an end, because they're not sustainable. And specifically, if you close your capital account – and they have done a pretty good job of that – they stopped the bleeding. But that has an effect on direct foreign investment and portfolio investment in China. Who wants to put their money in if you can't get your money out? The answer is nobody. So, their investment inflows are drying up. That's the other side of closing the capital account.

    Number two, this monetary tightening is creating a more difficult situation for the state-owned enterprises and other debtors, and China's just one big credit bubble, one big Ponzi waiting to burst. And three, it's now become apparent, literally a couple days ago, Trump sent out a tweet saying, "Looks like China can't help with North Korea, but at least they tried." Words to that effect. It's not the exact quote, but it's close enough. In other words, Trump is signaling that he believes China has failed or will fail to help with North Korea. And I think that's right. There isn't really a lot China can do about North Korea without risking war. China can do a lot with North Korea if they risk war. But they don't want to risk war and therefore, they won't do much. Therefore, Trump won't be satisfied and then he'll turn back to the currency war and other punitive measures that we talked about earlier.

    Now why is China doing all this? They're doing this to keep a lid on the situation, to avoid confrontation, avoid crises until President Xi gets, in effect, anointed or reconfirmed for a second term with certain conditions that make him the new Mao Tse-tung this fall. But once that happens, once he gets that power that he's looking for, and once it's apparent that Trump's going to play hard ball on the trade and currency issues, because China can't help with North Korea. He will have no further reason to maintain the peg. So, what I expect then is, they will go back to an open capital account. They will cut interest rates. But they'll reconcile the impossible trinity with a maxi devaluation of the Chinese yuan. The last two times that happened, the New York Stock market crashed. That was August 2015 and January 2016. So, look out below.

    It's going to be interesting times. And then I also expect a war with North Korea in 2018. You can see that playing out now. The war is coming. We've been warned by General Mathers. President Trump took the whole Senate up to the White House, basically told them this was going to happen. Orders have already been given. We're going to give diplomacy a chance and sanctions a chance in 2017, but my estimate is that they will not be fruitful and we'll go to war in 2018. So, 2018 is set to be a tumultuous year because of the Chinese shock devaluation and a war with North Korea.

    Mike Gleason: Well, Jim, once again, it's been a real pleasure to speak with you, and we certainly appreciate the time. Now before we go, please tell listeners about your latest book, The Road to Ruin as well as anything else you're working on these days or want folks to know about. And then also how they can follow your work more regularly.

    Jim Rickards:Thank you very much, Mike. As you mentioned at the beginning, I'm the editor of Strategic Intelligence, that's a newsletter from Agora Financial and a couple other newsletters with them. But Strategic Intelligence is our flagship newsletter. My latest book, The Road to Ruin from Penguin Random House, available on Amazon and leading bookstores. That covers a lot of the ground that we've covered in this interview. And I'm very active on Twitter. My Twitter handle is @JamesGRickards. It's about 10% Phillies baseball and random things, but 90% of it is the international monetary systems. So, I hope followers find that helpful. I'm also on another platform called Collide. Just Collide.com. It's a new platform, but I do weekly commentaries there.

    Mike Gleason: Well excellent stuff. We're grateful as always to have you on and for your time and your incredible insights. We certainly look forward to our next conversation, and I hope you enjoy your weekend and your summer. Thanks very much. Appreciate the time, Jim.

    Jim Rickards: Thank you.

    Mike Gleason: Well, that'll do it for this week. Thanks again to Jim Rickards, author of Currency Wars, The Death of Money, The New Case for Gold, and now The Road to Ruin, and also editor of the Jim Rickards’ Strategic Intelligence newsletter, be sure to check those out.

    Mike Gleason is a Director with Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason is a hard money advocate and a strong proponent of personal liberty, limited government and the Austrian School of Economics. A graduate of the University of Florida, Gleason has extensive experience in management, sales and logistics as well as precious metals investing. He also puts his longtime broadcasting background to good use, hosting a weekly precious metals podcast since 2011, a program listened to by tens of thousands each week.

    http://news.goldseek.com/GoldSeek/1499105176.php
     
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  14. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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    Brace yourself, coming soon, to a bank account near YOU !!!
     
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  15. solarion

    solarion Gold Member Gold Chaser

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    If by "Brace" you mean lock & load...then I'm ready.
     
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  16. madhu

    madhu Silver Member Silver Miner

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    The ruling BJP party won in uttarpradesh elections defeating the yadavs. However people have started questioning the validity of elections and EVM.
     
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  17. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

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  18. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Sunday, July 9, 2017
    The Economist: World Currency By Jan. 9, 2018

    From The Economist:

    Get Ready For A World Currency

    [​IMG]

    Get Ready for the Phoenix
    January 9, 1988, Vol. 306, pp 9-10

    THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.

    At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.

    The new world economy
    The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates. as a result of the relentless integration of the world’s financial markets, differences in national economic policies can disturb interest rates (or expectations of future interest rates) only slightly, yet still call forth huge transfers of financial assets from one country to another. These transfers swamp the flow of trade revenues in their effect on the demand and supply for different currencies, and hence in their effect on exchange rates. As telecommunications technology continues to advance, these transactions will be cheaper and faster still. With unco-ordinated economic policies, currencies can get only more volatile.
    ….
    In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies (a brief on pages 74-75 explains how.) The absence of all currency risk would spur trade, investment and employment.

    The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate – and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.

    As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades. Preparing the way for the phoenix will mean fewer pretended agreements on policy and more real ones. It will mean allowing and then actively promoting the private-sector use of an international money alongside existing national monies. That would let people vote with their wallets for the eventual move to full currency union. The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.
    …..
    The alternative – to preserve policymaking autonomy- would involve a new proliferation of truly draconian controls on trade and capital flows. This course offers governments a splendid time. They could manage exchange-rate movements, deploy monetary and fiscal policy without inhibition, and tackle the resulting bursts of inflation with prices and incomes polices. It is a growth-crippling prospect. Pencil in the phoenix for around 2018, and welcome it when it comes.

    Just to be clear: This is NOT fāke™ news. It is an article from The Economist published 29 years and six months ago, today.
    We are counting down the minutes.

    http://climateerinvest.blogspot.com/2017/07/the-economist-world-currency-by-jan-9.html
     
  19. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    FWIW.............

    The War On Cash: Australia Considering Chipping Senior’s Money To Stop Them From Saving
    The Dollar Vigilante



    Published on Jul 8, 2017
     
  20. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    The Globalist One World Currency Will Look A Lot Like Bitcoin

    Brandon Smith
    July 28th, 2017
    Alt-Market.com


    This article was originally published by Brandon Smith of Alt-Market.com

    [​IMG]

    This week the International Monetary Fund shocked some economic analysts with an announcement that America was “no longer first in the world” as a major economic growth engine. This stinging assertion falls exactly in line with the narrative out of the latest G20 summit; that the U.S. is fading away leaving the door open for countries like Germany and China to join forces and fill the power void. I wrote about this rising relationship between these two nations as well as the ongoing controlled demolition of America’s economy in my article ‘The New World Order Will Begin With Germany And China’.

    I find it interesting that the IMF is once again taking the lead on perpetuating the image of a failing U.S., just as they often push for the concept of a single global currency system to replace the dollar as the world reserve. The most common faulty counter-argument I run into when outlining the globalist agenda to supplant the dollar with the Special Drawing Rights basket system is that “the IMF is a U.S. government controlled organization that would never undermine U.S. authority.” Obviously, the people who make this argument have been thoroughly duped.

    The IMF is constantly and actively undermining America’s economic position, because the IMF is NOT an American controlled organization; its loyalty is to globalism as an ideology as well as the international financiers that dominate central banking. America’s supposed “veto power” within the IMF is incidental and meaningless — it has not stopped the IMF from chasing the replacement of the the dollar structure and forming the fiscal ties that stand as the root of what they sometimes call the “global economic reset.”

    To illustrate how the IMF narrative supports the globalist narrative, I suggest comparing the 2009 “predictions” of George Soros on China replacing the U.S. as the world’s economic engine to the IMF’s latest analysis on the decline of America.

    The IMF cares only about centralizing everything, from currency to trade to governance. If the sacrifice of the old world system (the U.S. dollar) is required to create their new world system, then that is what they will do. If you have read my article ‘The Federal Reserve Is A Saboteur — And The “Experts” Are Oblivious’, then you understand that the Fed is also perfectly on board with this plan for a global reset. The central bankers, regardless of the nation they happen to reside, stick together and function as agents of larger controlling organisms like the Bank for International Settlements.

    The agenda is not really veiled in secrecy, as it has been openly admitted to on numerous occasions by globalist media outlets. Mohamed El-Erian, former CEO of PIMCO, recently praised the concept of using the IMF SDR as a world currency mechanism and as a means to combat “the rise of populism.” However, the most “honest” of these incidences of admission was, of course, the article Get Ready For The Phoenix published in the Rothschild controlled magazine The Economist in 1988; an article which announced the beginning of a new global currency mechanism using the SDR as a bridge starting in 2018.

    I have noticed in the past month that there has been a concerted disinformation campaign on the internet attempting to debunk the article from The Economist by stating that it “never really existed” and is merely a product of conspiracy websites. So, I will put that claim to rest right now, permanently, by pointing out that magazine and research archives completely unrelated to “conspiracy theory” have the Phoenix issue on record. It is undeniable — the article was indeed published by The Economist and does in fact exist.

    Moving on…

    Critics of the notion of a single global monetary framework tend to dismiss any evidence of the plan, usually due to their poor understanding of how currencies rise and fall and a poor understanding of the current monetary climate. They will argue that the SDR basket does not have the capacity to replace the dollar and that there is no other mechanism in the world with the liquidity to do so. In other words, “Where is this global currency going to come from?”

    The fact is, it already exists, and it is right under their noses.

    When The Economist wrote about a global currency being launched in 2018, they perhaps did not have a precise inkling back then on how it would come about. They do mention clearly the strategy of using the IMF’s SDR as a stepping stone to that global currency, calling it the “Phoenix,” as an example. They also mention the decline of the U.S. as being necessary in the wake of this shift into complete centralization.

    These two events are taking place right now, with the American economy in steady and ever steeper destabilization, as well as the rise of the SDR basket as a “stopgap” for nations seeking to decouple from the dollar as the world reserve. But what about the currency itself? The SDR might be the framework that will reign in various nations under one nefarious economic umbrella, allowing the IMF to dictate currency exchange rates at will until their one world system can be established, but what will the average person ultimately be using as a unit of trade and how will the globalists maintain monetary subjugation over the public?

    Cryptocurrency and the creation of blockchain technology is the answer.

    When The Economist wrote about a global currency being initiated in 2018, they were not making a prediction, but a proclamation — a self fulfilling prophecy. This does not mean that the new currency will develop in an obvious and open way. In reality, I can’t think of very many 4th generation psy-ops as clever as cryptocurrencies.

    Consider this; after 2007/2008, the weakness of globalism and economic interdependency is exposed for all the world to see. It is a sacrifice the international banks are willing to make, because through the credit and derivatives crash they can now enforce extreme monetary policies. These policies will do nothing to save the general economy, but they will jeopardize the very currency and debt frameworks of some nations, including the U.S. The stage is set for a new and even greater crisis, a crisis which will soften the public to the idea of a single world monetary system and a single economic authority.

    The massive flow of data which the globalists covet as a means of “total information awareness” is a double-edged sword. Sovereignty and liberty activists grow in awareness and in number and influence. Millions begin preparing to weather the potential crisis being engineered by the globalists. Methods of counteracting an economic downturn or currency implosion are fielded. Activists start bartering and buying up precious metals as a shield, and as an alternative unit of trade. The alternative market, at least the core of it, is born.

    What is a power hungry cabal to do? How do they stop the natural progression of the revolution against them? Well, they don’t stop it; instead, they attempt to redirect it to work for them. That is to say, they trick the liberty movement into helping them while letting us think we are poking them in the eye.

    Enter cryptocurrencies like bitcoin. Bitcoin arrives seemingly from nowhere, conjured by a magical crypto-wizard by the name of Satoshi Nakamoto, a label supposed to represent a person or group of people that no one has ever seen or heard from. We are simply meant to have faith that they don’t work for the NSA or a similar entity. But who cares who they are, right!? It doesn’t matter because bitcoin is such a work of art it is nearly infallible — the perfect countermeasure to a monetary world lorded over by the dollar and the Federal Reserve.

    Numerous libertarians and anarchists collectively orgasm. They join what appears to be a grassroots effort to bring bitcoin and blockchain technology into the mainstream. They stop trading as many of their fed notes for gold and silver as before and buy digital nothings instead. To question the validity of the idea elicits dramatic displays of indignance from the bitcoin cult bordering on zealotry. The “smartest guys in the room” know bitcoin is the solution to everything — don’t you want to be one of those guys, too? Bitcoin is the way, the truth, the life…

    Some of us are unconvinced, and even rather suspicious, and with good reason. For example, the advancement of cryptocurrencies into mainstream consciousness has been helped expertly by the corporate media, which frankly, does not make sense if they are a real threat to the central banking monolith. As they say, when the real revolution happens, it will not be televised. Bitcoin is televised everywhere.

    On top of this, nearly all major international banks are ingraining blockchain tech and cryptocurrencies into their business models, including globalist foundation banks like Goldman Sachs. Goldman Sachs LOVES blockchain technology; they even refer to it as the “new technology of trust.” Just take a look at their rave reviews on how it will change the world here.

    What is Goldman’s favorite aspect of the blockchain and crypto? The fact that every single transaction is compiled, cataloged and tracked in the blockchain “ledger.”

    For years, one of the major original selling points of bitcoin was that it was “anonymous.” It always surprised me that so many people in the liberty movement bought into this scam. Surely after the revelations exposed by Edward Snowden and organizations like Wikileaks, it is utterly foolish to believe that anything in the digital world is truly “anonymous.” The feds have been proving there is no anonymity, even in bitcoin, for some time, as multiple arrests using bitcoin tracking have indeed occurred when the FBI decided it was in their interest. Meaning, when the feds want to track bitcoin transactions, they can, and it does not matter how well the people involved covered their actions.

    The early promise of anonymity in cryptocurrencies was a lie.

    Thus, we have the reason why central bankers and international financial conglomerates are piling into bitcoin like it’s the hottest tech stock on the Nasdaq. Imagine a trade system in which every single transaction is compiled and nothing is private; that is the blockchain. Now, anonymity might not matter much when you are dealing with regular people, but what about when you are dealing with governments with the tendency towards corruption and the power to imprison and confiscate?

    The loss of all privacy in trade IS the next quantum leap in monetary centralization, and cryptocurrencies achieve this in spectacular fashion. Not only this, but complete loss of privacy becomes rationalized, because without “transparency” the blockchain does not properly function. This is what makes the blockchain different from all other digital trade mechanisms – with the blockchain, surveillance of transactions is no longer a violation of privacy rights, it is expected.

    While the fantasy is that crypto is about decentralization and freedom, it is actually a key to institutionalizing the opposite. I believe the incredible amount of capital being dumped into blockchain developments by major financiers and verbal support from central bankers is a signal that blockchain technology IS the basis for the currency system of the “new world order.”

    While there is something to be said for crypto and its potential to limit fiat money, I still remain skeptical. Mainly because anyone can create a cryptocurrency out of thin air. Just look at the confusion building over bitcoin vs. ethereum; which tulip is worth more, everyone wonders? Being that crypto is not tangible and is completely based on perceived value according to perceived demand rather than real demand, I think it is fair to argue that cryptocurrencies rely entirely on hype and fad in order to maintain market strength. Not that regular fiat currencies are any better, but isn’t that the point?

    So where does it end? If ethereum replaces bitcoin like Facebook replaced MySpace, how is stability in any digital currency provided? Through the force of government and the backing of international banks, obviously. And whichever cryptocurrency system the bankers choose to back or create, that currency will destroy the value of all other crypto around it. Again, perception, not tangible value, rules over bitcoin and its peers, and institutional power often rules over perception.

    The proclamations of The Economist of a world currency launch by 2018 are happening today, right on schedule, right in front of us. The blockchain is going to “change the world;” this has been excitedly announced by the very same banking elites the blockchain was supposedly engineered to defeat. When the next reserve currency system is established using the SDR basket as a foundation, I have no doubt it will be digital and based on the same exact tech that today’s activists wrongly assume will set them free.

    After 8 long years of ultra-loose monetary policy from the Federal Reserve, it’s no secret that inflation is primed to soar. If your IRA or 401(k) is exposed to this threat, it’s critical to act now! That’s why thousands of Americans are moving their retirement into a Gold IRA. Learn how you can too with a free info kit on gold from Birch Gold Group. It reveals the little-known IRS Tax Law to move your IRA or 401(k) into gold. Click here to get your free Info Kit on Gold.

    If you would like to support the publishing of articles like the one you have just read, visit our donations page here. We greatly appreciate your patronage.

    You can contact Brandon Smith at: brandon@alt-market.com

    Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.

    Please Spread The Word And Share This Post

    http://www.shtfplan.com/headline-ne...urrency-will-look-a-lot-like-bitcoin_07282017
     
  21. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    A blast from the past.............

    Aaron Russo RFID Human Implant Chip
    GMScurrentEvents



    Published on Nov 17, 2010
     
  22. glockngold

    glockngold Gold Member Gold Chaser

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    Dropped off the wife at the airport for a 6 am flight.
    Parked in short term parking to ferry her & luggage inside.
    When I went to exit, I dug out a 10 spot to pay the 4 bucks for the 1 hour.
    The human manned take all forms of payment booth was closed.
    I had to use a credit card to get out. No other option. (although I did spend a minute or two looking at some barricades that I thought I could move)
     
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  23. Rollie Free

    Rollie Free Midas Member Midas Member

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    I still see toll takers at airports. They are on doom alert. Probably no more than two years from being eliminated completely. Might as well be one of those elevator operators in a dept. store like when I was a kid. Technology plus minimum wage hikes not conducive to the economy.
    Walmart instituted self checkout a couple of years ago. First a chasm of suspicion from customers coupled with poorly functioning equipment. Got their bugs worked out. Was in there the other day. A good majority of people are now 'trained' to do their own checkout. Pretty much the same equipment either way but minus paying someone else to run them.
    Robots are are the other part. They work 24/7, don't take breaks or vacation, don't snivel some problem to hr, don't get accused of sexual harassment, don't need benefits or social security,etc.
    The worker is becoming obsolete or will be in many fields.
     
  24. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    The Death Of Cash – New Tech To Revolutionize The Payments Industry

    Ian Jenkins
    August 28th, 2017
    Safehaven.com

    This report is a PAID ADVERTISEMENT from SafeHaven.com

    [​IMG]

    The world has had enough of paper money.

    Now that consumers are done with physical wallets, the multi-billion-dollar mobile pay app market is minting new digital barons at breakneck speed.

    And we’ve just identified one company at the forefront of the revolution which has a very compelling story.

    Glancepay is already the no. 1 mobile payment app in Canada, ranking at over 92 percent of mobile payment app downloads. It’s also making big waves across North America, where it ranks 37 percent of all mobile payment app downloads.

    This could be a timely opportunity for early investors who understand what’s about to happen.

    For example, when Alipay hit the Chinese market with its instant mobile app pay features, it was an overnight sensation. Now, it’s conducting a massive $1.7 trillion in business annually in China.

    And this story is very exciting because GlancePay (CSE:GET; OTC:GLNNF) is also making inroads in the billion-dollar cannabis market in a deal that gives them direct ownership in Canapay Financial Inc. and they are planning moves into cryptocurrency markets, too.

    Mobile payment technology is one of the fastest-growing markets in the world, and GlancePay is hoping to be the major market disrupter—filling a gap that not even the trillion-dollar Chinese turnover is filling, nor major players on the North American scene.

    How? By focusing equally on merchants and consumers, losing cumbersome and security-plagued hardware, and offering much more than just one-click payments: rewards, choices, and even tab-splitting.

    In short, GlancePay (CSE:GET) has apps that can simply take a glance at where you are… using proprietary and patented GPS / micro-location and image identification technology… and pays your merchant…in seconds.

    It’s holistic, streamlined, and has the technology with patents to protect it, an issue that has kept major players from securing greater market share over the past few years.

    In the age of convenience, no one favors the contortionist gymnastics required to hang out the window to pay a parking stub that may or may not work under the pressure of honking horns lined up behind.

    PayByPhone founder Desmond Griffin already spotted that trend before it was one, and created the defacto leader in this burgeoning space.

    Likewise, in this era of instant gratification, it seems unnecessary to wait for the check in a restaurant, and then wait again while the waitress shuttles back and forth to complete the transaction. Restaurant owners would agree, wholeheartedly: Mobile pay apps mean faster table turnover and more revenues. This time, Griffin not only spotted the trend—he spotted what existing offerings were lacking, integration and a much bigger picture.

    GlancePay is nothing if not forward-thinking: We’re less than a year away from the launch of legalized recreational use of marijuana in Canada, and GlancePay is already taking advantage of the onslaught of consumer demand to come, and the already existing demand for medical marijuana. For a recreational marijuana industry that could be worth $22.6 billion annually, GlancePay guarantees lighting fast turnaround for vendors, and one-click pay for buyers.

    Launched only in September 2016, Glance Pay already has 160 merchants signed on, and its growth is poised to soar in the coming weeks and months. Its Q2 revenue is up a whopping 664% over the previous quarter.

    Here are 5 reasons to keep a close eye on GlancePay (CSE:GET; OTC:GLNNF)

    #1 Proprietary and Patented Technology

    GlancePay is a streamlined payment platform that allows customers to pay their bill instantly with their mobile device. It means no more waiting on waitresses; no more credit card machines; and a single app rather than one for each restaurant.

    The app knows where you are using patented GPS technology. And, if GPS isn’t available, it can even determine your location using a photo of where you are. Much like Google has mapped the world… GlancePay has quietly built a proprietary global database of locations.

    It’s as easy as point, shoot, pay.

    [​IMG]

    But it is also much more. It takes the mobile pay app experience much further than Apple Pay, which only iPhone owners can use, and which has failed so far to gain widespread usage.

    With GlancePay, you’re not just paying a bill: The system includes in-app marketing, in-store rewards, transaction history, payment confirmation, and even the ability to split the tab in a restaurant. It incentivizes users… and adoption is picking up from this network effect.

    It also helps you choose nearby restaurants, and soon, it will also let you order from your table, pre-order for pickup, or order for delivery.

    For restaurants, it means better business, faster turnaround and potentially greater revenues.

    The company estimates that restaurants will benefit from 10% faster table turnover during peak periods, improved server productivity, which should generate bigger tips, and a loyalty/rewards program that could encourage customer returns and even attract new customers. The built-in feedback program also adds to the big-picture offering here, by giving restaurants a faster, easier way to earn reviews and ratings.

    Bottom line: This isn’t just about making a payment with one click, it’s about streamlining the entire customer experience with a single app—from finding, ordering and paying, to rewards and reviews. And their plans to provide multiple payment channels from Bitcoin to Litecoin to Ethereum, and more will be a huge step forward.

    #2 Mobile Payments: A Potential 80% Growth Rate Market

    In a global market that is poised for impressive CAGR growth, it pays to understand what consumers and vendors want.

    Consider these statistics and future market estimates:

    [​IMG]

    • We’re looking at $503 billion in in-store mobile payments by 2020, according to BI Intelligence, which gives us the highest estimate—a growth rate of 80% between 2015 and 2020.
    • Future Market Insights predicts a CAGR growth of 39.4% from 2014 to 2020, but its data is based on 2015 statistics.
    • In the U.S. alone, in-store mobile payments users are predicted to reach 150 million by the end of 2020, according to Mobile Payments World.
    • In-app mobile payment features rose by 57% in the past year, according to Appy Pie.
    • The mobile payment technologies market is expected to increase at a CAGR of 20.5% by 2024, according to Transparency Market Research. That would put it at over $1,773 billion.
    • Mobile wallets are expected to overtake credit and debit cards by 2020 in the U.S.
    • China leads the way right now: In 2016, mobile payment activity in China was almost 50 times greater than in the U.S.
    • China’s mobile payment market is already worth $5.5 trillion—and counting.
    For GlancePay (CSE:GET; OTC:GLNNF), these statistics are the foundation of a major breakout in the North American restaurant segment, both full service and quick serve.

    According to BI Intelligence, quick-service restaurants are increasingly offering mobile order-ahead apps as a way to drive higher revenues.

    [​IMG]

    In 2015, the full-service restaurant industry in North America was worth $286 billion, while the quick service restaurant industry was worth over $230 billion. This is the market GlancePay is targeting.

    #3 First Mover Advantage: Already the #1 Payment App in Canada. 37% of App Downloads in US

    The app only launched in September 2016, and already it has 230 signed locations. That’s just the beginning: There are over 5,000 restaurants in the Metro Vancouver area alone, and GlancePay’s is planning to corner the market.

    It has first-mover advantage in Western Canada, where there are only one or two platforms that will be able to build sufficient networks in any region.

    GlancePay (CSE:GET; OTC:GLNNF) is already the No. 1 mobile payment app in Canada, ranking at over 92% of app downloads. It’s also making big waves across North America, where it ranks 37% of all app downloads.

    As of August 2017, over 18,000 users were making mobile payments with GlancePay.

    And revenues have spiked over 664% in Q2 over the previous quarter.

    [​IMG]

    All of the tech is proprietary, and several patents have already been filed, including for picture information and micro-location servicing. It’s all tech that can be applied outside of restaurants because GlancePay is unusually forward-thinking: It’s already tapping into the raging cannabis market, and is developing an opt-in for the cryptocurrency market.

    Deloitte estimates this legal recreational use marijuana industry could be worth a whopping $22.6 billion annually. In other words, more than the combined sales of beer, wine and spirits—all of which GlancePay is eyeing for mobile pay market share.

    [​IMG]

    And it’s doing it all with unmatched anti-fraud—one of the biggest challenges facing this tech segment. Right now, the company says the launch of its anti-fraud technology over 7 months ago has reported 0% fraud.

    In in-app marketing is also a disruptive addition to this space. Merchants can provide location-based targeted communication, with digital receipts offering advertising opportunities. And they only need an hour to get up and running with GlancePay .

    Additionally, revenue streams are locked and loaded. These are all the ways GlancePay can earn now and in the future:

    [​IMG]

    #4 Outsmarting, and Poised to Outpace Competitors

    So, this is an exciting market with massive growth potential—but its future is still up for grabs, and that’s precisely because it hasn’t been holistic enough.

    Only 14% of Android/Samsung users ever use Android or Samsung Pay. And Apple Pay has spent three years and a ton on money on promotion and still can’t get past 6% usage.

    [​IMG]

    It’s the holistic approach that’s lacking, and this is why only Walmart Pay has broken the ceiling.

    Since March, the first-time use of Walmart Pay increased by 31.7 percent to 19.1 percent of respondents. That’s because everything is integrated, streamlined, and lets you do more than just pay. Walmart Pay authenticates users before checking out, allows them to use coupons, promos, rewards, gift card balances and a number of other options prior to paying. It also lets you order ahead for groceries and pick them up at the curb.

    GlancePay offers a similar portfolio of value-added solutions, which we believe make it stand out—like Walmart Pay—in a market that the first round of giant apps has gotten wrong.

    GlancePay has positioned itself right between two giants, on two continents—in terms of technology:

    In the U.S. space, we have Square, which is enjoying a stellar stock price run. Square is now worth nearly $10 billion. But it has more of a merchant focus and requires hardware that is attached to your phone.

    And then in China—the biggest mobile pay app market in the world—we have the behemoth, Alipay, which allows the user to initiate a payment to a merchant. And while Alipay is doing $1.7 trillion in business annually, it isn’t publicly traded.

    GlancePay is eyeing the gap between these two offerings. A sort of Alipay for North America: The easy payment process that has taken China by storm, but with more of a merchant focus like Square—minus the burdensome hardware, which is more conducive to fraud.

    It’s not just filling the gap where Alipay and Square left off—it’s doing what Groupon does as well. You can buy deals and receive digital coupons, but it’s smart. It knows where you are and what you like, so deals are provided with the customer in mind.

    #5 A Dream Team That’s Done This Before

    Desmond Griffin, the co-founder of GlancePay, and the mastermind of Glance Technologies, is a household name in Vancouver, where he’s known for turning everyday problems and inconveniences into attractive takeover targets.

    Griffin built ‘PayByPhone’ from concept to a wildly successful mobile app for parking payments, servicing millions of customers in over 100 cities around the world. Then he sold it for nearly $45 million, and it is currently owned by Volkswagen, which needed a new stream of revenue and a distraction from its emissions scandal.

    He has every intention of doing the same with GlancePay, but this time the market is many times bigger, and the takeover potential much more attractive. We’re not just talking about parking anymore—we’re talking hundreds of thousands of restaurants, an explosive new cannabis market, and cryptocurrencies.

    That’s why he’s teamed up with Penny Green, GlancePay (CSE:GET; OTC:GLNNF) president and co-founder, and one of PROFIT magazine’s W100 list of top Canadian female entrepreneurs. She was also at the head of one of the PROFIT 500 fastest-growing companies, Bacchus Law Corporation, in 2015 and 2016, and she knows how to create shareholder value. Additionally, she was the co-founder and director of Merus Labs International Inc. (TSX:MSL; NASDAQ:MSLI), a specialty pharmaceutical company that secured some $32 million in annual EBITDA.

    Could GlancePay Become The Next PayPal?

    GlancePay seems to be on the cutting edge of everything that is happening. It’s doing things PayPal doesn’t appear to be able to, and ultimately, there are very few competitors in this space, unless you combine Alipay, Square and Groupon into a single entity.

    As FinTech bursts at the seams with innovation, GlancePay has already taken Canada, and now it’s preparing to take North America with an easy-to-use, simple solution.

    Plus, they are planning to move in to the lucrative cannabis and cryptocurrency (Bitcoin) markets.

    GlancePay (CSE:GET; OTC:GLNNF), with its proprietary GPS / micro location and image location technology, plans to lock out any competitors… and aims to become a better version of Paypal…

    By. Ian Jenkins

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  25. mtnman

    mtnman Gold Member Gold Chaser Site Supporter ++

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    So what happens if you don't want to pay for Iphone service?
     
  26. Joseph

    Joseph Gold Member Gold Chaser Site Supporter ++

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    They don't even pretend to mask their contempt for "ordinary people". In your face and F*ck you, you ignorant wretches...


    Russia Backpedals On Bitcoin - Unveils Plan To Ban Cryptocurrency Sales To "Ordinary People"

    After local Russian media reported earlier this year that the Russian Parliament could legalize bitcoin as soon as 2018, Deputy Finance Minister Alexei Moiseev this week signaled that authorities might instead seek to restrict its use. During an interview with Russia 24, a state-owned news channel, Moiseev said that Russian authorities should treat cryptocurrencies, including bitcoin, as sophisticated financial assets and restrict their use and trading to qualified investors only.

    Moiseev’s statement surprised members of Russia's digital currency community, who had been lead to believe that the Russian government was finally warming to digital currencies after years of skepticism. That belief was strengthened earlier this month when an aide to Vladimir Putin announced that he would seek to raise $100 million to build bitcoin mining infrastructure in Russia, with the goal of controlling as much as 30% of the bitcoin network’s hashpower.



    “’Cryptocurrency should be regulated as a financial asset,’ Vedomosti reported him saying. ‘There is a point of view that cryptocurrencies such as bitcoin is a financial pyramid. Investments [in] such are high-risk. This determines our approach to their regulation.’



    RBC quoted him saying: "We propose to call it a currency, but regulate it as other property, qualify it as a financial asset and allow only qualified investors to buy and sell them on the exchange.

    As a regulated financial security, Moiseev said cryptocurrencies would be sold through stock exchanges under the supervision of the Federal Financial Monitoring Service of the Russian Federation, also known as Rosfinmonitoring, according to Bitcoin Magazine.

    Moiseev added that bitcoin is a "dangerous" investment, and that it's the government's duty to protect "ordinary people" from losing their shirts, according to CoinTelegraph.



    “For ordinary people, there’s no way because these are very dangerous investments that could lead to loss of money.”

    [​IMG]

    According to Moiseev, Russia’s ministry of finance is discussing how to proceed with the central bank and the Moscow stock exchange. Moiseev added that it is necessary for cryptocurrencies to sell through the exchange “to provide judicial protection to participants in transactions.”

    Moiseev detailed that this approach to cryptocurrency regulation aims to protect the rights of buyers and sellers. “Now people do it at their own peril and risk, they have no judicial protection. This is our first task,” he was quoted by Vedomosti.

    His comments then turned to the subject of money laundering.



    “Citing Western Europe and Russia in particular, Ria Novosti quoted him saying “the use of cryptocurrency for illegal operations has become much more frequent because the mechanisms for combating money-laundering are not yet fully applied in all countries to cryptocurrencies.”

    Finally, Moiseev said that the Russian government is uncomfortable with the anonymity provided by bitcoin.



    “Moiseev also explained that it is necessary to sell bitcoins through the regulated stock exchange, so that the regulator will always know ‘who the seller is, who the buyer is, where these bitcoin accounts have moved.’”

    What's worse for bitcoiners is that Russia might be at the vanguard of a shift in how authorities view bitcoin. The SEC late last monthdeclared that digital currencies, including bitcoin and the tokens issued during ICOs, should be treated as securities under the law.

    So far, the SEC's guidance has been vague. But the ease with which digital currencies could be used to finance illicit activities – regardless of whether they’re actually being used for that purpose – likely means that more government crackdowns are ahead. By requiring all local bitcoin exchanges to screen transactions for potential violations, China has found a way to pierce the anonymity surrounding digital-currency transactions.

    Don’t think it can't happen in the US.

    http://www.zerohedge.com/news/2017-...plan-ban-cryptocurrency-sales-ordinary-people

     
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  27. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    India May Issue Its Own Bitcoin-like Cryptocurrency As Legal Tender

    [​IMG]
    by Tyler Durden
    Sep 17, 2017 7:43 PM


    Less than a year after India launched a shocking "war on cash" when on November 8, 2016 it unveiled a demonitization campaign in an effort to wipe out huge amounts of so-called 'black money' and streamline its largely cash-based economy, which however was called a colossal failure which cost innocent lives and ruined the economy" by Rahul Gandhi earlier this month after it was revealed that 99% of the high denomination banknotes cancelled last year were in fact deposited or exchanged for new currency, even as India's GDP tumbled to 2 year lows...

    [​IMG]

    ... on Saturday, the Business Standard reported that while working on creating a legal framework for bitcoin and other digital currencies, the Indian government is considering launching its own bitcoin-like cryptocurrency.


    Preempting a report by the BIS released on Sunday, and which recommended that central banks should seriously consider launching cryptocurrencies of their own, the Indian press reports that the Indian government is considering “a proposal to introduce its cryptocurrency similar to bitcoin,” and which will be issued by the Reserve Bank of India (RBI). This state-run cryptocurrency will be called “Lakshmi,” the name of the Hindu goddess of wealth, fortune, and prosperity.

    The proposal was reportedly "discussed by a committee of government officials, and the panel found the idea of setting up and running blockchain for financial services useful."

    The report comes just days after RBI Executive Director Sudarshan Sen talked about the central bank’s discomfort with Bitcoin at the India Fintech Day conference. He hinted at the time that the government may be introducing its own fiat cryptocurrency which will be issued by the RBI.

    “Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. We are looking at that closely,” he said. Echoing China's own displeasure with the soaring popularity of cryptocurrencies, the RBI executive stressed that the central bank is not comfortable with non-fiat cryptocurrencies such as bitcoin.

    [​IMG]

    Despite the growing resentment toward bitcoin, the Indian government has also been working on creating a legal framework for bitcoin and other digital currencies. Last week, Money Control reported that “the government is going to prepare a framework for bitcoin soon.” According to bitcoin.com, In April, the same government set up a committee to investigate bitcoin. Last month, Money Control also reported that the committee has submitted its report to the government. It recommended “strict monitoring” of digital currencies, the news outlet detailed, adding that “there is no possibility of immediate restriction,” but the government is also not in favor of promoting them.

    The committee has additionally recommended a task force be created comprising of officers from the RBI, the Securities and Exchange Board of India (SEBI), the Income Tax Department, the Central Board of Excise and Customs (CBEC) and the Financial Intelligence Unit. The latter would then monitor the abuse of digital currencies, the news outlet noted.

    So with China having already banned exchange-based trading of bitcoin, if not bitcoin itself just yet, and with India seemingly on pace to do the same as it pushes for its own, regulated and central bank-mandated cryptocurrency, the question on everyone mind is will this global crackdown against bitcoin and its peers boost their already near-record high popularity and price, or will it force holders to flee, wary of getting burned further by a wave of governments who have turned increasingly hostile to the ad-hoc cryptocurrencies which are not controlled by the central banks themselves, something Eric Peters hinted at earlier today. If the answer is the latter, will that prompt monetary purists and seekers of central bank inert currencies to finally start buying gold once again?

    http://www.zerohedge.com/news/2017-09-17/india-may-issue-its-own-bitcoin-cryptocurrency-legal-tender
     

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