Tag Archives: Europe

EU army plans kept secret from voters

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“Steps towards creating a European army are being kept secret from British voters until the day after next month’s referendum.  The plans, drawn up by the EU’s foreign policy chief, foresee the development of new European military and operational structures, including a headquarters. They are supported by Germany and other countries as the first step towards an EU army.  Similar proposals were vetoed by Britain in 2011, although there are concerns that a loophole could allow nine states to group together and bypass opponents.”

http://www.thetimes.co.uk/article/eu-army-plans-kept-secret-from-voters-3j3kg3zwj

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Don’t become a casualty of the War on Cash

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“The 21st century has seen the emergence of a war unlike any other. On one side of the battlefield are governments, banks, credit card companies, central banks and other financial institutions. On the other side . . . cash and anybody who uses it.  While proponents of a cashless society would have you believe that terrorists, drug lords and criminals are the only people who would ever use cash, there are more people than you would imagine on what seems to be the losing side of the war.”

http://nomadcapitalist.com/2016/04/27/the-war-on-cash/

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A century bond? Just think what can happen in 100 years

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“Who would you lend money to for 100 years? Your children? Your best friend? Perhaps. But the Irish government? Or the Belgian or French government? They all seem to think they are worth a loan for this kind of duration.  Ireland last month launched the first 100-year bond, raising €100m. If you hang around to 2116, you will earn 2.35pc on your cash. Last August, Belgium blazed that trail, with its own century-long debt issue. Mexico has also issued one. The Spanish and the Italians have both gone above 45 years, and will probably join the century club as soon as they think they can get away with it. Even the UK has already dipped its toe in the water.”

http://www.telegraph.co.uk/business/2016/04/15/a-century-bond-just-think-what-can-happen-in-100-years/

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The End of Tax Havens?

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“One of [the OECD’s] foremost successes has been the Isle of Jersey. By forcing tax equalisation on Jersey, Jersey has had to decide whether to increase taxation for offshore depositors, or decrease taxes for locals. It chose the latter and, as a result, has experienced a shortfall in the government kitty, resulting in layoffs for public service workers, cuts in funding for road repair, sewage services, education, etc. Jersey appears to be on the ropes as a result. In five or ten years’ time, will the only tax havens be in places like Delaware, where the government-sanctioned tax haven follows the ‘bad practices’ that the OECD has called ‘criminal’?”

http://www.internationalman.com/articles/the-end-of-tax-havens

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France Doubles Down On Cash Ban: No Transactions Over 1,000 Euros

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“On September 1st France announced new regulations that ban cash transactions of  1,000 euros. This comes as a surprise since France originally set the threshold at 3,000 euros.  A second measure, which comes into force on 1 st  January 2016 For individuals who perform foreign exchange transactions of their currency against euros. From next year, they will have to provide an ID from 1000 euros. Also as part of the fight against money laundering, banking institutions will, as from 1 st  January 2016, report to Tracfin anyone carrying deposits or withdrawals of cash superiors to 10 000 per month.”

http://thomasdishaw.com/france-doubles-down-on-cash-ban-no-transactions-over-1000-euros/

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Norway’s Biggest Bank Demands Cash Ban

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“Norway – suffering from its own economic collapse as oil revenues crash – has joined its Scandi peers Denmark and Sweden in a call to ‘ban cash.’  Privacy advocates in Norway have expressed worries for years that, without cash, there would be no way for an individual to purchase something without being tracked. In 2014, Finans Norge, a financial industry organization in Norway, said the country was on pace to be a cashless society by 2020, Ice News reported. While DNB said its proposal will take time to complete, executives suggested the country start phasing out cash by discontinuing the 1,000 kroner note so it could focus on updating its banking system.”

http://www.zerohedge.com/news/2016-01-23/norways-biggest-bank-demands-cash-ban

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Italy bank runs: the ‘Northern Rock’ signal of global financial meltdown?

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“On Jan. 21, the oldest surviving bank in the world, Banca Monte dei Paschi di Siena SpA, reported that depositors have been initiating a series of bank runs which have put the financial institution on the precipice of collapse, with all attempts to calm account holders having so far failed.  Since last Monday the share price of Banca Monte dei Paschi di Siena SpA has fallen over 46%.  Back in 2007, bank runs on the British financial institution known as Northern Rock ushered in the start of the global financial crisis that culminated in a collapse that would require taxpayer bailouts, and tens of trillions in central bank liquidity.”

http://www.examiner.com/article/italy-bank-runs-could-be-the-northern-rock-signal-of-global-financial-meltdown

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Iran to be hooked up to global banks in weeks; U.S. investors still banned

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“A nuclear deal between world powers and Iran led to the removal of the curbs on Tehran’s banking, insurance and shipping sectors last weekend, as well as restrictions on oil exports.  But for Iran to resume business with the global banking world – for the first time since 2012 – its banks need to be linked to overseas lenders on SWIFT. The system is used to transmit payments and letters of credit. Many international sanctions relating to Iran’s nuclear program were lifted but most involving U.S. measures remain in place. Non-U.S. banks may trade with Iran without fear of punishment in the United States but U.S. banks may not do so, directly or indirectly.”

http://www.reuters.com/article/us-iran-middleeastbank-idUSKCN0V0239

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State of emergency declared as Hollande unveils €2bn job creation plan

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“French President Francois Hollande has warned that his country is in a state of economic emergency and has unveiled a €2b two-year job creation plan. The proposal aims to offer subsidies to small firms in a bid get them to take on more employees.  Speaking at an annual speech to business leaders, Hollande said: ‘Our country has been faced with structural unemployment for two to three decades and this requires that creating jobs becomes our one and only fight.’ He warned that France was facing an ‘uncertain economic climate and persistent unemployment’. France was in a state of economic and social emergency, he said. France’s unemployment rate is 10.6%.”

http://www.ibtimes.co.uk/france-state-economic-emergency-hollande-unveils-2bn-job-creation-plan-1538652

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The Devil’s Chessboard: How the First CIA Director Collaborated With Nazis

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“David Talbot, the founder of Salon, has written a new book, ‘The Devil’s Chessboard: Allen Dulles, the CIA, and the Rise of America’s Secret Government.’ The book exhumes a number of the US government’s historical skeletons: its rejection of Jewish refugees during WWII, its cooperation with key Nazi figures, its complicity in a variety of coups, to name just a few.”

http://readersupportednews.org/opinion2/277-75/33041-focus-david-talbot-on-how-the-first-cia-director-collaborated-with-nazis

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