Greece Is Not India? Hellenic Banks Plan ‘Tax On Cash Withdrawals’ To Combat Black Economy

The US government is already quietly backing out of its promise to phase out private prisons

Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve’s easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White House. Mr. Fisher is certainly correct that the Fed’s policies have “skewered” the middle class. However, the problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank. Federal Reserve-generated increases in money supply cause economic inequality. This is because, when the Fed acts to increase the money supply, well-to-do investors and other crony capitalists are the … Continue reading →

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Vladimir Putin President of Russia Moscow 28 November 2016 .. Dear President Putin, Now that CIA pal Craig Timberg posing as a Washington Post reporter has blown my cover and exposed me as a Russian agent, I was wondering if I might ask you for a Russian passport and a bit of diplomatic cover, perhaps assistant press officer at the Russian embassy in Washington, until I can get out of the country. I saw that you gave a passport to Steven Seagal, so I am hopeful that being a Russian agent is as important as teaching martial arts to Russians. … Continue reading →

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Trump University was one of Donald Trump’s entrepreneurial ventures, a real estate educational program in operation from 2005 to 2010. Live events and in-field mentorships promising to teach students Donald Trump’s real estate techniques, taught by his “hand-picked” professors. A lawsuit alleged false representations, as Trump himself had no significant involvement in the educational event content or instructors. The title of “university” was also claimed to be misleading as Trump University was not accredited as such. Donald Trump settled the lawsuit post-election for $25 million, claiming he “Did not have the time to go through a long but winning trial … Continue reading →

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REUTERS: Is it reasonable to expect to see a return to a 3 to 4 percent pace of U.S. economic growth under Trump’s policies; if so, by when, and if not, why not? SALERNO: Trump’s economic policies are still a bit too vague, inconsistent, and incomplete to make a judgment about whether they will spur the economy to re-attain sustainable growth in the 3-4 percent range.  The Fed’s inflationary monetary policy over the past two decades has caused a tremendous amount of business malinvestment and overconsumption by households, which have suppressed saving and capital accumulation and caused economic growth, labor productivity … Continue reading →

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The mainstream U.S. media’s hysteria over “fake news” has reached its logical (or illogical) zenith, a McCarthyistic black-listing of honest journalism that simply shows professional skepticism toward Officialdom, including what’s said by U.S. government officials and what’s written in The Washington Post and New York Times. Apparently, to show skepticism now opens you to accusations of disseminating “Russian propaganda” or being a “useful idiot” or some similar ugly smear reminiscent of the old Cold War. Now that we have entered a New Cold War, I suppose it makes sense that we should expect a New McCarthyism. After returning from a … Continue reading →

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The U.S. military is in trouble. Even after lowering enlistment standards, relaxing physical requirements for women, allowing homosexuals to serve openly, raising the age limit to join, expanding maternity and paternity leave, increasing childcare hours on base, updating the military promotion system, permitting women to be in combat positions, and opening up the military to transgender individuals, the military is having a recruitment problem. Speaking recently at the City College of New York, Secretary of Defense Ash Carter lamented that military recruiting is shrinking and “more and more military personnel are coming from fewer and fewer states.” Turns out that … Continue reading →

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Greek banks have proposed a series of measures to combat tax evasion, strengthen the electronic transactions and limit the use of cash in the economy, and as KeepTalkingGreece.com reports, one of the measures proposed is a special tax on cash withdrawals.  Bankers reportedly stress that cash money can easily and largely be channeled in the black economy. Therefore, a tax on cash withdrawals will drastically reduce cash transactions and by extension the black economy. The bankers suggest that also credit and debit cards as wells as new technologies enabling cashless transactions even for small amounts  and mobile phones can be … Continue reading →

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Challenge: Which institution would I de-fund 100%? I would eliminate all funding for education, including all of the military academies. Most people would probably choose a federal program to eliminate. I wouldn’t. I think all government begins with self-government and then extends to three institutions: family, church, and state. My slogan is “Politics fourth.” Judicial sovereignty lies with the individual. Why? Because the individual is responsible for his own actions. If individuals do not govern themselves, there is not sufficient power anywhere else in society to force all men to do the right thing, or the predictable thing, or the … Continue reading →

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Mary’s Mosaic: The CIA Conspiracy to Murder John F. Kennedy, Mary Pinchot Meyer, and Their Vision for World Peace – Peter Janney The Fourth Turning: An American Prophecy – What the Cycles of History Tell Us About America’s Next Rendezvous with Destiny – William Strauss No Treason: The Constitution of No Authority – Lysander Spooner Speculator (High Ground) – Doug Casey The Devil’s Chessboard: Allen Dulles, the CIA, and the Rise of America’s Secret Government – David Talbot The Secret Piano: From Mao’s Labor Camps to Bach’s Goldberg Variations – Zhu Xiao-Mei How to Live Longer and Feel Better – Linus Pauling JFK and the Unspeakable: Why … Continue reading →

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Well, who could have seen this coming? Just as we noted, the slippery slope towards full government control in a cash-less society is where Indian PM Modi is heading following his chaos-creating demonetization efforts of the last two weeks. While massive opposition protests are planned tomorrow, Modi remains indignant, as Reuters reports, “we can gradually move from a less-cash society to a cashless society…this is the chance for you to enter the digital world.” Indian Prime Minister Narendra Modi on Sunday urged the nation’s small traders and daily wage earners to embrace digital payment channels, as a cash crunch following … Continue reading →

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I have been thinking about this post for some time; given some of the dialogue in my recent posts, it seems about time to get it out. Most Ordinary Americans in 2016 Are Richer Than Was John D. Rockefeller in 1916 From the article, I summarize: days to travel across country; no air-conditioning in your private rail car; weeks to travel overseas; no overnight mail; no entertainment on demand; no air-conditioning in many of the places you visit every day – maybe not even in your own home; poor heating; no radio; your limo constantly breaking down; no falafel; Wi-Fi?  … Continue reading →

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