The Economist forecasts disruption for banks

This video is what you call signalling. The Economist is a NWO announcement channel, and has been used many times before to signal intentions.

The government in Australia and those in many other countries have already passed legislation to allow banks to pass on risk to investors, with the end result of massive losses on deposits should a bank run into trouble. You can bet they will.

This is part of the Great Reset and march toward a global currency and one world government. "You will own nothing and you will be happy". Watch the WEF video on their social forecast for 2030; just a few short years away. Look for mixed messages. Look for the leveling and mixing society and the removal of our rights. Look for Western democracies running into real trouble. https://m.facebook.com/worldeconomicforum/videos/10153920524981479/.

Now watch The Economist's video regarding banking: 

https://youtu.be/fpb-qJv6dBs

Greece could happen in Australia

If you've been watching my blog, you probably understand some of what's going on in the world. Less evident, unload you dog, is Australia's role.
What's clear though, is that we are on the same clear as other countries. The start may have been different, and the steps may vary  but the destination is the same. Cashless society, global currency (maybe staged) and trans- partnerships that usurp our sovereignty, make our governments pay fines to globalist and hands control of the Internet and other communications to the globalists.

In the face of this onslaught, I have some practical advice. Try to build up a couple of thousands dollars in really available cash. Banks overseas have and will fail. The first thing that happens is they stop the ATMs and close the doors to avoid a run on them. Having a bit of cash means it won't hurt you as badly if it happens here, and there are signs it may. Also buy a big bag of rice, lentils etc so you have food reserves. Greece could happen here. It depends on the way the globalists bring Australia to heel.

Australia is currently playing ball. Turnbull is being a good globalist boy and doing what they want, but he was put there for that reason. If he plays ball, we may have a smooth transition to cashless (already announced in mainstream media) and Teams Pacific Partnership implementation, but if there's a hiccup, Greece could happen.

Whatever happens, it's a via time for navel gazing. Thinking on relationships and also on Yehovah God. If your don't know him, you're missing certainty of life eternal without corrupt government and an evil entity shaping events in this world.

The promised Millennium, the thousands years of Jesus governing earth, will see earth restored to the way it should be and honest, capable government in place that loves justice for the poor and disenfranchised. If that sounds good, you should pick up the bible. First read Matthew, which shows most clearly Jesus against the corrupt Roman & religious system. Then read Romans which explains how situation and tells you what to do. Then, and don't try to understand it all, read Revelation. It's cool of symbology and word sounding stuff, but it does mean something once you understand the language and symbols. Some parts are however crystal clear, and they are what is good to read if the bible is new to you. Look at Yehovah judging the rulers and the evil of this world, and see how he establishes the thousands years reign which proves the earth is capable of sustaining us if it's in the hands of good custodians so follow Yehovah's ways.

Once you have found God for yourself (his name is Yehovah), find him as 'Yehovah Yireh', which from the Old Testament means "God Is our provider"! He's been waiting for you. Once you find him, he'll talk to you and you will just know what to do. Just put yourself in his capable hands and follow him.

Postscript : the German government has advised stockpiling foods in case of adverse circumstances (23/24 Aug 2016). They have reportedly also announced the restart of the draft, which is compulsory military service. I'll try to provide more on this in another post.

A new financial crisis is 'certain' without reform of banks

A real expert, former governor of the Bank of England, no less, is saying we are in for another financial crisis. Why? Because there's been no reform in banking, and the same practices have now placed us in deeper jeopardy.

Some are calling for a form of the Glass-Steagall Act of 1933 (USA) to be effected everywhere as protection for property owners. Glass-Steagall basically separated commercial and investment banking. Here's something on that act : https://berniesanders.com/yes-glass-steagall-matters-here-are-5-reasons-why/. Moreover, if Bernie Sanders has made it a big point of argument with Hillary Clinton, it has to be important.

So if Glass-Steagall was implemented in 1933 for protection of property owners, why did the GFC crash of 2008 hit the USA so badly? Because the act was repealed in 1999. And as soon as it was repealed the banks started venturing into the territory it had banned. It has been argued widely whether the removal of this safe guard was responsible for the 2000/2001 crash and the 2008 GFC. Lots of people make lots of noises, and there are vested interests involved and people that would prefer not to go to jail! Looking back tends to being those kind of tensions into play.

Looking forward, it's interesting to see some very prominent people arguing for implementing of Glass-Steagall type legislation very soon to minimize chances of another crash ; and certainly to try and straighten up the juggernaut that seems bound for one right now.

Mervyn King, former Governor of the Bank of England, is one that has started before it's necessary; and he's now soften a book starting it's really important. See https://www.theguardian.com/business/2016/feb/28/mervyn-king-new-financial-crisis-is-certain-without-reform-of-banks.

Looking at Australia, it's interesting that we often throw out the baby with the bathwater when someone looks or sounds a bit different. All it takes is the mainstream media (obedient to their masters) to cast doubt on someone, and we relegate them to the Crazy Basket. Such is the fate of Lyndon LaRouche, who had repeatedly argued the vital importance of 'physical economy'; ignoring inflationary or speculative prices, and implementation of Glass-Steagall. He's been called a nutter and a dinosaur many times. But he's been right an awful lot. Such also is the fate of the CEC (Citizens' Electoral Council) in Australia, who adhere to much of LaRouche's teachings. Craig Isherwood, leader and front man of the CEC, may not be the smooth tongued Barack Obama of Australia, but he has presented LaRouche's arguments and some of the CEC's own ideas reasonably effectively. He is of course, much maligned my the press and the incumbent political establishment.

I hadn't looked at a CEC video for some time. I happened to do so today. It's the 3rd March 2016 report. You can find it on YouTube: https://youtu.be/tuZR5iRJTHs. They were talking about Glass-Steagall and the housing bubble, which is partly due to the Chinese Government's massive investment in Australian property.

If you've heard of CEC and been told they are incompetent, lunatics or anything else defamatory, maybe it's time to look again. They may not be right about everything, but they have been playing from the same songbook for a long time now, and some very senior banking figures are starting to say the same things. Even their long-stated vision for a high velocity train sounds more plausible given Tesla & Elon Musk's progress overseas.

No matter what you think of the CEC's ideas in totality, if you want your kids to own a home ; of even if you want to be more certain you can own your home; and that the average Aussie won't be robbed of theirs, the CEC is perhaps a voice that should be aired now in Australian politics. Particularly when none else is floating a few of the very important matters that are part of their platform.

Is be pleased to receive comments on this post, and I'll give my readers the benefit of the doubt that they are capable of expressing themselves appropriately, without rudeness or malice, and with a degree of respect and intelligence.

CASHLESS S0CIETY C0MING REAL S00N.

I've been keeping a good eye on global financial happenings. One thing I know - cashless society is coming soon. How do I know that? If was slipped in almost incidentally on a Channel Nine news broadcast a few nights ago! It was done so calmly and at the end of global political and financial news.

I've never heard an 'imminent' announcement like that before. It's almost like you would have had to be watching for it to catch it. And people are so consumed with the possible collapse of Europe and the needs the USA and China are in, that a statement like that seems perfectly reasonable in that context.

And that's the way it will come. It will be PERFECTLY REASONABLE.

What would tip the world as a whole into a position where a cashless society would be acceptable? For the general populace, if it allayed fears, it would be enough; and so many countries are effectively socialist / fascist now ; with social security systems and give businesses partnering with government. Just a bit of a tilt to cause a panic and it would be reasonable to take action to make things more secure, less able to be put out of kilter. After all, we really have had enough of the booms and busts, the panics and instability. Even if we haven't had it in our own country, we've had it on our TV screen, accompanied by dramatic interviews and footage. No one really feels immune. Everyone just wants a bit more certainty...  please!

So will it come as a reaction to a local or regional problem? Possibly. But it's more likely everyone, everywhere will feel it. Look at what happened to the markets with BREXIT. Things went really wobbly.

If Europe crashes financially or the EU falls apart, that would do it.

If the USA, which can't pay its interest bills, has the screws put on by the international bankers, that would work too. Probably. But how?

The answer lies in an institution everyone thinks belongs to the US Government. International bankers (Rothschild's,  Rockefeller's etc.) actually own the USA Federal Reserve. They choose to print and supply their 'fiat currency' (ie.  not real money) to the USA Government. You got it  -  the only material costs are the paper they use and the ink! Why is more money needed? Because the USA Government can't pay its interest bills, the government has to borrow more money to pay them! Does this remind you of your Visa card? So the Federal Reserve prints more money for each interest payment. They lend it to the USA Government so the government can use it to pay the interest back to the 'banksters'; are you beginning to understand why they have that nickname? Just by just refusing to print more money, so more money can't be lent to the US Government to pay the interest bills back to the Federal Reserve, the globalists could crash the USA financial system and this the default international trading currency.

Why haven't they already? I don't know - ask them yourself!

OK,  so you want me to take a stab at it. I reckon it's because the good old 'petro dollar' was studying for them. It is the default international trading currency, used by the SWIFT system due international settlements because... wait the it...  Because the USA made a deal with the Saudis in the 1970s (remember the Middle East Oil Crisis) that the Saudis would only accept US Dollars as payment for oil provided the USA established a fully functional military base in Saudi Arabia to protect them.

Now the BRICS Countries (originally BRIC: Brazil, Russia, India & China; now BRICS because South Africa has entered) have established a trade block and are firing ahead with an alternative to the USA for international trade. China and some other Asian countries are doing the same. If any of these succeeds in healing the dominance of the USD for international trade, all security and usefulness for the USA will be gone...  right down the toilet.

Back to the bit about 'coming soon'. So a number of crises currently being around the globe could be the trigger ; and any one of them will likely have a global effect.

Is there any telling when the cashless society will start? Currencies going out of control would be a good precursor. Banks collapsing, or significant runs on the banks would also be a fairly sure sign. Runs on banks have happened before, even in Australia according to an accountant friend of mine; about the time if the GFC if I got it right. My friend was watching and got his money out if a mid sized bank - pronto. Of course it would be bad for public stability if we heard about certain things too clearly in the media; I certainly didn't hear about it.

So a major case of the worries about the financial system globally; a bank collapse ; a run on a bank; really significant fluctuations in currencies or a currency crash would all be solid indicators.

If the system goes a bit silly during a crisis, banks will likely reduce the amount of cash you can withdraw ; mandate electronic transfers only or even shut their doors temporarily.

What can you do to prepare? Firstly, try to keep a few weeks of cash supply at hand. Secondly, have sufficient stocks of foods like rice, lentils and powdered milk in your home. Lastly, if 'fiat money' (yes, including the Aussie Dollar) doesn't transition clearly, it may last most of its worth. What then? Certainly foods as stated. But previous metals also. Silver and gold. To me, silver is preferable even though it's bulkier because it's used in manufacturing and hasn't

Can you prepare?

B. T. W. Since wiring this article some days ago, I've heard Google are bringing their wallet to Australia, with broad support from banks. That is a very large step towards found cashless. Almost everyone has a smart phone ; even my 83 year old mum. All the government would need to do is sponsor the technology uptake like it did worn the digital TV set top boxes,and pretty soon, everyone would be capable of cashless.

Khazarian / USA bank control to fall?

http://benjaminfulford.com/

OK, so we have been saying a Peoples' Bank like the ORIGINAL Commonwealth is a KEY...

OK, so we have been saying a Peoples' Bank like the ORIGINAL Commonwealth is a KEY. The original Commonwealth Bank of Australia lent at very reasonable rates from an AUSTRALIAN OWNED MONETARY SYSTEM based on the UNTAPPED RESOURCES OWNED BY THE AUSTRALIAN PEOPLE. It was a lynch-pin in Australia's prosperity. This much the CEC have right! 


So when I read that North Dakota is a "miracle" economy, and their state bank makes a huge contribution to their prosperity, IT'S WORTH BLOGGING ABOUT!...

Solution to the Economic Crisis? North Dakota’s Economic “Miracle”—It’s Not Oil

by Ellen Brown

Yes Magazine

North Dakota has had the nation's lowest unemployment ever since the economy tanked. What's its secret? In an article in The New York Times on August 19th titled “The North Dakota Miracle,” Catherine Rampell writes: Forget the Texas Miracle. Let’s instead take a look at North Dakota, which has the lowest unemployment rate and the fastest job growth rate in the country. According to new data released by the Bureau of Labor Statistics today, North Dakota had an unemployment rate of just 3.3 percent in July—that’s just over a third of the national rate (9.1 percent), and about a quarter of the rate of the state with the highest joblessness (Nevada, at 12.9 percent). North Dakota has had the lowest unemployment in the country (or was tied for the lowest unemployment rate in the country) every single month since July 2008. Its healthy job market is also reflected in its payroll growth numbers. . . . [Y]ear over year, its payrolls grew by 5.2 percent. Texas came in second, with an increase of 2.6 percent. Why is North Dakota doing so well? For one of the same reasons that Texas has been doing well: oil. Oil is certainly a factor, but it is not what has put North Dakota over the top. Alaska has roughly the same population as North Dakota and produces nearly twice as much oil, yet unemployment in Alaska is running at 7.7 percent. Montana, South Dakota, and Wyoming have all benefited from a boom in energy prices, with Montana and Wyoming extracting much more gas than North Dakota has. The Bakken oil field stretches across Montana as well as North Dakota, with the greatest Bakken oil production coming from Elm Coulee Oil Field in Montana. Yet Montana’s unemployment rate, like Alaska’s, is 7.7% percent. A number of other mineral-rich states were initially not affected by the economic downturn, but they lost revenues with the later decline in oil prices. North Dakota is the only state to be in continuous budget surplus since the banking crisis of 2008. Its balance sheet is so strong that it recently reduced individual income taxes and property taxes by a combined $400 million, and is debating further cuts. It also has the lowest foreclosure rate and lowest credit card default rate in the country, and it has had NO bank failures in at least the last decade. If its secret isn’t oil, what is so unique about the state? North Dakota has one thing that no other state has: its own state-owned bank. Access to credit is the enabling factor that has fostered both a boom in oil and record profits from agriculture in North Dakota. The Bank of North Dakota (BND) does not compete with local banks but partners with them, helping with capital and liquidity requirements. It participates in loans, provides guarantees, and acts as a sort of mini-Fed for the state. In 2010, according to the BND’s annual report: The Bank provided Secured and Unsecured Federal Fund Lines to 95 financial institutions with combined lines of over $318 million for 2010. Federal Fund sales averaged over $13 million per day, peaking at $36 million in June. The BND also has a loan program called Flex PACE, which allows a local community to provide assistance to borrowers in areas of jobs retention, technology creation, retail, small business, and essential community services. In 2010, according to the BND annual report: The need for Flex PACE funding was substantial, growing by 62 percent to help finance essential community services as energy development spiked in western North Dakota. Commercial bank participation loans grew to 64 percent of the entire $1.022 billion portfolio. The BND’s revenues have also been a major boost to the state budget. It has contributed over $300 million in revenues over the last decade to state coffers, a substantial sum for a state with a population less than one-tenth the size of Los Angeles County. According to a study by the Center for State Innovation, from 2007 to 2009 the BND added nearly as much money to the state’s general fund as oil and gas tax revenues did (oil and gas revenues added $71 million while the Bank of North Dakota returned $60 million). Over a 15-year period, according to other data, the BND has contributed more to the state budget than oil taxes have. North Dakota’s money and banking reserves are being kept within the state and invested there. The BND’s loan portfolio shows a steady uninterrupted increase in North Dakota lending programs since 2006. According to the annual BND report: Financially, 2010 was our strongest year ever. Profits increased by nearly $4 million to $61.9 million during our seventh consecutive year of record profits. Earnings were fueled by a strong and growing deposit base, brought about by a surging energy and agricultural economy. We ended the year with the highest capital level in our history at just over $325 million. The Bank returned a healthy 19 percent ROE, which represents the state’s return on its investment. A 19 percent return on equity! How many states are getting that sort of return on their Wall Street investments? Timothy Canova is Professor of International Economic Law at Chapman University School of Law in Orange, California. In a June 2011 paper called “The Public Option: The Case for Parallel Public Banking Institutions,” he compares North Dakota’s financial situation to California’s. He writes of North Dakota and its state-owned bank: The state deposits its tax revenues in the Bank, which in turn ensures that a high portion of state funds are invested in the state economy. In addition, the Bank is able to remit a portion of its earnings back to the state treasury .... Thanks in part to these institutional arrangements, North Dakota is the only state that has been in continuous budget surplus since before the financial crisis and it has the lowest unemployment rate in the country. He then compares the dire situation in California: In contrast, California is the largest state economy in the nation, yet without a state-owned bank, is unable to steer hundreds of billions of dollars in state revenues into productive investment within the state. Instead, California deposits its many billions in tax revenues in large private banks which often lend the funds out-of-state, invest them in speculative trading strategies (including derivative bets against the state’s own bonds), and do not remit any of their earnings back to the state treasury. Meanwhile, California suffers from constrained private credit conditions, high unemployment levels well above the national average, and the stagnation of state and local tax receipts. The state’s only response has been to stumble from one budget crisis to another for the past three years, with each round of spending cuts further weakening its economy, tax base, and credit rating. Not all states have oil, of course (and it’s hardly a sustainable economic basis), but all could learn from the state-owned bank that allows North Dakota to capitalize on its resources to full advantage. States that deposit their revenues and invest their capital in large Wall Street banks are giving this economic opportunity away. This article was written for YES! Magazine. Ellen Brown is an attorney, president of the Public Banking Institute, and the author of eleven books, including Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free. Her websites are http://WebofDebt.com and http://PublicBankingInstitute.org.

Ellen Brown is a frequent contributor to Global Research. Global Research, September 2, 2011