Posts Tagged ‘money’

Imminent Warnings of Near Future Cataclysms with Pastor Levy

Pastor Levy joins http://www.tribulation-now.org/ to update on some powerful dreams and warnings of imminent calamities about to occur in the United States of Babylon the Great.

“Keep your nose to the ground and your eyes to the sky!”

clock

By Michael Snyder, on August 2nd, 2015

Have you noticed that there is a tremendous amount of Internet buzz about the month of September 2015?  Never before have I seen so much speculation about what would happen in one particular month.  Some people believe that we will see an economic collapse next month, others believe that there will be some sort of historic natural disaster, and others are convinced that the judgment of God is coming.  So right now, large numbers of Americans are stocking up on emergency food and supplies like crazy.  Personally, I have never been more concerned about any period of time as I am about the last six months of 2015.  Several weeks ago, I expressed my belief that chaos will begin once the summer ends.  These are the last days of “normal life” in America, and just about everything that we currently take for granted is about to be shaken.

A lot of people that I know have been storing up food and supplies like never before, but I didn’t realize how widespread this phenomenon was until I came across the following Natural News report

As reported by AllNewsPipeline.com (ANP), correspondents for the news site began visiting a number of survival food websites in July, with the goal of ordering some essential bulk food items that included potatoes, carrots, mangoes, peaches, powdered eggs and powdered milk, among other items. But the more they shopped, the more they found notices on the survival food sites stating that supplies were either low or temporarily out of stock.

Only, the warnings did not say that stocks would be immediately replenished; rather, the site reported, some food items would take weeks to restock.

Upon returning to those sites a few days later, the situation had become even more dire: Many sites weren’t even certain when stocks of some items would be replaced.

While both Preparewise and Buy Emergency Foods EXPECT these items to be back in stock in 3 to 4 weeks, the fact that both of these websites are experiencing overwhelming demand and currently COMPLETELY out of some of the most basic food groups should tell everybody a few things,” ANP reported. “Americans are buying up these products in HUGE numbers as more and more Americans have come to expect a reason to need these items at some point in the future.”

The mainstream media likes to mock “preppers”, but nobody is going to be mocking them when things really start falling apart in this country.

When there is a severe lack of food, ordinary people can start acting like wild animals.  Just consider what is happening in Venezuela right now.  In this video and this video you can watch average Venezuelans go into panic mode over just a little bit of food.

Will we eventually see similar scenes in this country?

Many Americans are also feverishly stocking up on physical gold and silver.  In fact, sales of gold eagles are up 50 percent compared to last year…

Gold Eagle sales for the first seven months of the year, increased a staggering 50% from 296,000 oz in 2014 to 443,000 oz in 2015. Most of the Gold Eagle buying took place in July with total sales for the month at 170,000 oz. Thus, Gold Eagle sales in July account for nearly 40% of total sales for the year.

So why is this happening?

Why are people so freaked out?

Well, more than anything else people are pointing to the month of September.  The following comes from a recent piece authored by Lisa Haven

It seems a lot of people lately are having a gut feeling that something “Big” is about to unfold, but no one knows exactly what it is. Maybe people are feeling that way because of the events that are taking place around them. From signs in the heavens, to military stockpiling, to politically disturbing events. There seems to be a confluence of activity both in the political and spiritual realm culminating in 2015 causing peoples alarms to go off. Could it be that people are feeling this way because of the eerie events that are culminating in September??

Like many others, I also have a feeling that something “big” is about to happen.

A recent YouTube video that was produced by Infowars examined some of the specific reasons why so many people are concerned about what is going to happen next month…

Pretty ominous, eh?

In the article that I quoted from above, Lisa Haven put together her own list of key events.  Some of these events have already happened, some are about to happen, and some will happen during the month of September itself…

1. NORAD reopens Cheyenne Mountain after years of closure due to worries about an EMP attack

2. US Supreme Court legalizes gay marriage in all 50 states

3. Star of Bethlehem appears on June 30th

4. Talisman Saber Starts

5. Pope Francis declares his desire to build a World Government and a New World Order

6. The Temple Institute announces their plan to farm raise Red Heifer’s a precursor to the Building of the Temple.

7. New York Stock Exchange crashes, United Airlines halts, Wall Street journalist site and Chinese Market Shutdown

8. Jade Helm begins July 15th

9. Shemitah Year

10. Jubilee year

11. Blood moon Tetrad Concludes September 28th

12. UN hosts their Agenda 21 Meeting Sustainable Development for the Entire Planet (September 25-27) Pope Will Travel to New York and address Congress & attend the meeting

13. The coming UN Proposal to make Palestine a state.

A pretty impressive list.  But before I continue, I do want to note one thing.  I do not believe that the Jubilee year begins in 2015.  In my research, I have come to the conclusion that Jubilee years begin in our calendar years that end in 29 and 79.  In other words, the last two Jubilee years began in 1929 and 1979, and the next one will begin in 2029.  Some time soon I hope to write an entire article about this.

But without a doubt, there is a very impressive confluence of events that all come together in September.  The following is an extended excerpt from one of my previous articles

*****

September 13th – This is Elul 29 on the Biblical calendar – the last day of the Shemitah year.  Many are concerned about this date because we have seen giant stock market crashes on the last day of the previous two Shemitah cycles.

On September 17th, 2001 (which was Elul 29 on the Biblical calendar), we witnessed the greatest one day stock market crash in U.S. history up until that time.  The Dow plummeted 684 points, and it was a record that held for exactly seven years until the end of the next Shemitah cycle.

On September 29th, 2008 (which was also Elul 29 on the Biblical calendar), the Dow fell by an astounding 777 points, which still today remains the greatest one day stock market crash of all time.

Now we are approaching the end of another Shemitah year.  So will the stock market crash on September 13th, 2015?  Well, no, because that day is a Sunday.  So I guarantee that the stock market will not crash on that particular day.  But as Jonathan Cahn has pointed out in his book on the Shemitah, sometimes stock market crashes happen just before the end of the Shemitah year and sometimes they happen within just a few weeks after the end of the Shemitah.  So we are not just looking at one particular date.

September 15th – The 70th session of the UN General Assembly begins on this date.  It is being reported that France plans to introduce a resolution which would give formal UN Security Council recognition to a Palestinian state.  Up until now, the United States has always been the one blocking such a resolution, but Barack Obama is indicating that things may be much different this time around.

September 25th to September 27th – The United Nations is going to launch a brand new sustainable development agenda for the entire planet.  Some have called this “Agenda 21 on steroids”.  But this new agenda is not just about the environment.  It also includes provisions regarding economics, agriculture, education and gender equality.  On September 25th, the Pope will travel to New York to give a major speech kicking off the UN conference where this new agenda will be unveiled.

September 28th – This is the date for the last of the four blood moons that fall on Biblical festival dates during 2014 and 2015.  This blood moon falls on the very first day of the Feast of Tabernacles, it will be a “supermoon”, and it will actually be visible in the city of Jerusalem.  There are many that dismiss the blood moon phenomenon, but we have seen similar patterns before.  For example, a similar pattern of eclipses happened just before and just after the destruction of the Jewish temple by the Romans in 70 AD.

*****

So what is going to happen this September?

Whatever it is, we don’t have very long until we find out.

Recently, there have been a few people that have come to my websites and have suggested that getting wrapped up in these things is wrong and that instead we should just “seize the day” and focus on enjoying our lives as much as we can.

Of course the truth is that it doesn’t do any good in the long-term to stick our heads in the sand.  If we willingly ignore the ominous clouds on the horizon, we do so at our own peril.

I think that all of us should consider these words that were recently penned by Larry Tomczak

Suppose you were born in the late 1930s. Reports are drifting your way about rumblings concerning Japan and its saber-rattling toward America. In Germany there is a firebrand on the horizon stirring the people to reclaim Germany’s glory. Rumors are circulating about a possible invasion of Poland. Winston Churchill is upbraiding his Prime Minister for declaring “peace in our time” after an ill-advised “deal” with Adolf Hitler. Economic storm warnings are increasing and rumors persist about possible rationing if war was to break out. A fascist dictator is coming to prominence in Italy named Benito Mussolini. Catch the drift of where I’m headed?

I am persuaded that we live in a similar period of history. A perfect storm is developing and this is not some surreal conspiracy theory. It is no exaggeration to say America is at a crossroads … in a meltdown … at a tipping point … experiencing unprecedented changes … observing our president act like a one-man wrecking crew to bring about his “fundamental transformation of America.”

Like Tomczak, I believe that we have reached “a tipping point” and that we are entering a “perfect storm”.

I believe that the months ahead are going to dramatically change life in America and that we are entering difficult times unlike anything that any of us have ever experienced.

So what do you think the month of September and the rest of the year will bring?

 

Source Link: http://endoftheamericandream.com/archives/what-is-going-to-happen-in-september-2015-why-are-so-many-people-storing-food-and-supplies

“Keep your nose to the ground and your eyes to the sky!”

national-bank-of-greece

By Michael Snyder, on June 28th, 2015

Is this the beginning of the end for the eurozone?  For years, European officials have been trying to “fix Greece”, but nothing has worked.  Now a worst case scenario is rapidly unfolding, and a “Grexit” has become more likely than not.  On Sunday, the European Central Bank announced that it was not going to provide any more emergency support for Greek banks.  But that was the only thing keeping them alive.  In order to prevent total chaos, Greek banks have been shut down for at least a week.  ATMs are still open, but it is being reported that daily withdrawals will be limited to 60 euros.  Of course nobody knows for sure if or when the banks will reopen after this “bank holiday” is over, so needless to say average Greek citizens are pretty freaked out right about now.  In addition, the stock market in Greece is not going to open on Monday either.  This is what a national financial meltdown looks like, and the nightmare that has been unleashed in Greece will soon start spreading to much of the rest of Europe.

This reminds me so much of what happened in Cyprus.  Up until the very last minute, politicians were promising everyone that their money was perfectly safe, and then the hammer was brought down.

The exact same pattern is playing out in Greece.  For example, just check out what one very prominent Greek politician said on television on Saturday

“Citizens should not be scared, there is no blackmail,” Panos Kammenos, head of the government’s coalition ally, told local television. “The banks won’t shut, the ATMs will (have cash). All this is exaggeration,” he said.

One day later, the banks did get shut down and ATMs all over the country started running out of cash.  The following comes from CNBC

Despite a tweet from Greek Finance Minister Yanis Varoufakis that his government “opposed the very concept” of any controls, Greek Prime Minister Alexis Tsipras said later Sunday that he had forced the country’s central bank to recommend a bank holiday and capital controls.

The Athens stock exchange will also be closed as the government tries to manage the financial fallout of the disagreement with the European Union and the International Monetary Fund. Greece’s banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting on a 1.6 billion euros payment due to the International Monetary Fund on Tuesday.

So what is the moral of this story?

Never trust politicians – especially when a major financial crisis is looming.

All over Greece, people are taking photos of very long lines at the ATMs that actually do still have some cash.  Here are just a couple of examples…

image 1a.jpg-large

 

image 2.jpg-large

Of course those that were smart enough to see this coming took their money out of the banks long ago.  And even as late as last week, people were pulling more than a billion euros out of the banks every single day.  Without direct intervention by the European Central Bank, most Greek banks would have totally collapsed by now

Customers have been withdrawing money in vast quantities ever since Syriza came to power, fearing that if Greece is thrown out of the single currency their euro savings will be converted into drachma – likely to be worth far less.

In the last week, the sums being taken out have risen to well over one billion euros a day, moved either to foreign banks or stashed in notes under mattresses.

It has been a slow and steady run on Greece’s banks which is now speeding up – for the finish line may well be in sight. Until now, the country’s banks have been kept afloat by €88 billion in loans from the European Central Bank.

So now that the banks are shut down, what happens next?

Needless to say, economic activity in Greece is going to come to a grinding halt.  In addition, very few foreigners are going to want to travel to Greece or deal with Greece financially until this crisis is resolved somehow

An extended bank shutdown and tough capital controls will likely wreak further havoc on the Greek economy by scaring away tourists and chilling commercial activity.

And with Greece unable to borrow from financial markets, and apparently unwilling to strike a deal with the only institutions prepared to lend it money, it will find itself sliding rapidly towards exit from the euro.

When the Greek banks finally do reopen, which of them will still be solvent?

Will some of them need “bail-ins”?

Will account holders be forced to take “haircuts” like we saw in Cyprus?

For the moment, what we do know is that the banks will all be shut down until at least July 6th.  Greek Prime Minister Alexis Tsipras has called for a national referendum to be held on July 5th.  The Greek people will get a chance to vote on whether or not the latest creditor proposals should be accepted.  But the funny thing is that Tsipras and the rest of Syriza are already encouraging the Greek people to vote no

Greece’s parliament has voted in favor of Prime Minister Alexis Tsipras’ motion to hold a referendum on the country’s creditor proposals for reforms in exchange for loans, the Associated Press reported. Tsipras and his coalition government have urged people to vote against the deal, throwing into question the country’s financial future.

The vote is to be held next Sunday, July 5. It has raised the question of whether Greece can remain in Europe’s joint currency, the euro.

So why hold a referendum if you just want everyone to vote no?

It is because Tsipras does not want to solely shoulder the blame for what comes next.  A “no vote” would essentially be a vote to leave the euro and go back to the drachma.  The following comes from the Daily Mail

Should Greeks vote against the new bailout, most economists believe Greece will be forced to quit the single currency and return to the drachma. The country could even eventually be forced out of the EU, though Greek politicians have long argued a Grexit would not be the automatic result of default.

However, next week’s referendum is likely to be billed as, in effect,an in-out vote on the euro.

If Greece does default and ends up leaving the euro, the short-term economic consequences for Greece will be catastrophic.

But the rest of Europe will feel a tremendous amount of pain as well.  In fact, we are already getting a sneak peek at coming attractions.  As we approach Monday morning in Europe, Asian stocks are crashing big time, and European futures are absolutely cratering.  It should be very interesting to see how Monday plays out.

In addition, the euro is already way down in early trading.  If Greece does ultimately leave the euro, the value of the euro is going to plunge like a rock.  As I have warned repeatedly, the euro is heading for parity with the U.S. dollar, and at some point it will drop below parity.

And once Greece is out, everyone is going to be speculating who the “next Greece” will be.  Expect bond yields for Italy, Spain, Portugal and France to go skyrocketing.

Just a couple of days ago, I issued a red alert for the second half of 2016.  We are entering a period of time when the global financial system is beginning to unravel.  Most people still have a tremendous amount of faith in the system and assume that those running it are fully capable of keeping it from collapsing.  In fact, many have accused me of being crazy for suggesting that the global financial system is in imminent danger of imploding.

A very wise man once said that “pride goeth before destruction”.  Our arrogance and our blind faith in the fundamentally flawed systems that we have established will contribute greatly to our undoing.

Events are starting to accelerate greatly now, and it is just a matter of time before we see who was right and who was wrong.

Source Link: http://theeconomiccollapseblog.com/archives/and-so-it-begins-greek-banks-get-shut-down-for-a-week-and-a-grexit-is-now-probable

The dominoes are now about to fall…..

“Keep your nose to the ground and your eyes to the sky!”

Most people think of a cashless society as something that is way off in the distant future.  Unfortunately, that is simply not the case.  The truth is that a cashless society is much closer than most people would ever dare to imagine.  To a large degree, the transition to a cashless society is being done voluntarily.  Today, only 7 percent of all transactions in the United States are done with cash, and most of those transactions involve very small amounts of money.  Just think about it for a moment.  Where do you still use cash these days?  If you buy a burger or if you purchase something at a flea market you will still use cash, but for any mid-size or large transaction the vast majority of people out there will use another form of payment.  Our financial system is dramatically changing, and cash is rapidly becoming a thing of the past.  We live in a digital world, and national governments and big banks are both encouraging the move away from paper currency and coins.  But what would a cashless society mean for our future?  Are there any dangers to such a system?

Those are very important questions, but most of the time both sides of the issue are not presented in a balanced way in the mainstream media.  Instead, most mainstream news articles tend to trash cash and talk about how wonderful digital currency is.

For example, a recent CBS News article declared that soon we may not need “that raggedy dollar bill” any longer and that the “greenback may soon be a goner”….

It’s what the wallet was invented for, to carry cash. After all, there was a time when we needed cash everywhere we went, from filling stations to pay phones. Even the tooth fairy dealt only in cash.

But money isn’t just physical anymore. It’s not only the pennies in your piggy bank, or that raggedy dollar bill.

Money is also digital – it’s zeros and ones stored in a computer, prompting some economists to predict the old-fashioned greenback may soon be a goner.

“There will be a time – I don’t know when, I can’t give you a date – when physical money is just going to cease to exist,” said economist Robert Reich.

So will we see a completely cashless society in the near future?

Of course not.  It would be wildly unpopular for the governments of the world to force such a system upon us all at once.

Instead, the big banks and the governments of the industrialized world are doing all they can to get us to voluntarily transition to such a system.  Once 98 or 99 percent of all transactions do not involve cash, eliminating the remaining 1 or 2 percent will only seem natural.

The big banks want a cashless society because it is much more profitable for them.

The big banks earn billions of dollars in fees from debit cards and they make absolutely enormous profits from credit cards.

But when people use cash the big banks do not earn anything.

So obviously the big banks and the big credit card companies are big cheerleaders for a cashless society.

Most governments around the world are eager to transition to a cashless society as well for the following reasons….

-Cash is expensive to print, inspect, move, store and guard.

-Counterfeiting is always going to be a problem as long as paper currency exists.

-Cash if favored by criminals because it does not leave a paper trail.  Eliminating cash would make it much more difficult for drug dealers, prostitutes and other criminals to do business.

-Most of all, a cashless society would give governments more control.  Governments would be able to track virtually all transactions and would also be able to monitor tax compliance much more closely.

When you understand the factors listed above, it becomes easier to understand why the use of cash is increasingly becoming demonized.  Governments around the world are increasingly viewing the use of cash in a negative light.  In fact, according to the U.S. government paying with cash in some circumstances is now considered to be “suspicious activity” that needs to be reported to the authorities.

This disdain of cash has also grown very strong in the financial community.  The following is from a recent Slate article….

David Birch, a director at Consult Hyperion, a firm specializing in electronic payments, says a shift to digital currency would cut out these hidden costs. In Birch’s ideal world, paying with cash would be viewed like drunk driving—something we do with decreasing frequency as more and more people understand the negative social consequences. “We’re trying to use industrial age money to support commerce in a post-industrial age. It just doesn’t work,” he says. “Sooner or later, the tectonic plates shift and then, very quickly, you’ll find yourself in this new environment where if you ask somebody to pay you in cash, you’ll just assume that they’re a prostitute or a Somali pirate.”

Do you see what is happening?

Simply using cash is enough to get you branded as a potential criminal these days.

Many people are going to be scared away from using cash simply because of the stigma that is becoming attached to it.

This is a trend that is not just happening in the United States.  In fact, many other countries are further down the road toward a cashless society than we are.

Up in Canada, they are looking for ways to even eliminate coins so that people can use alternate forms of payment for all of their transactions….

The Royal Canadian Mint is also looking to the future with the MintChip, a new product that could become a digital replacement for coins.

In Sweden, only about 3 percent of all transactions still involve cash.  The following comes from a recent Washington Post article….

In most Swedish cities, public buses don’t accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether.

“There are towns where it isn’t at all possible anymore to enter a bank and use cash,” complains Curt Persson, chairman of Sweden’s National Pensioners’ Organization.

In Italy, all very large cash transactions have been banned.  Previously, the limit for using cash in a transaction had been reduced to the equivalent of just a few thousand dollars.  But back in December, Prime Minister Mario Monti proposed a new limit of approximately $1,300 for cash transactions.

And that is how many governments will transition to a cashless society.  They will set a ceiling and then they will keep lowering it and lowering it.

But is a cashless society really secure?

Of course not.

Bank accounts can be hacked into.  Credit cards and debit cards can be stolen.  Identity theft all over the world is absolutely soaring.

So companies all over the planet are working feverishly to make all of these cashless systems much more secure.

In the future, it is inevitable that national governments and big financial institutions will want to have all of us transition over to using biometric identity systems in order to combat crime in the financial system.

Many of these biometric identity systems are becoming quite advanced.

For example, just check out what IBM has been developing.  The following is from a recent IBM press release….

You will no longer need to create, track or remember multiple passwords for various log-ins. Imagine you will be able to walk up to an ATM machine to securely withdraw money by simply speaking your name or looking into a tiny sensor that can recognize the unique patterns in the retina of your eye. Or by doing the same, you can check your account balance on your mobile phone or tablet.

Each person has a unique biological identity and behind all that is data. Biometric data – facial definitions, retinal scans and voice files – will be composited through software to build your DNA unique online password.

Referred to as multi-factor biometrics, smarter systems will be able to use this information in real-time to make sure whenever someone is attempting to access your information, it matches your unique biometric profile and the attempt is authorized.

Are you ready for that?

It is coming.

In the future, if you do not surrender your biometric identity information, you may be locked out of the entire financial system.

Another method that can be used to make financial identification more secure is to use implantable RFID microchips.

Yes, there is a lot of resistance to this idea, but the fact is that the use of RFID chips in animals and in humans is rapidly spreading.

Some U.S. cities have already made it mandatory to implant microchips into all cats and all dogs so that they can be tracked.

All over the United States, employees are being required to carry badges that contain RFID chips, and in some instances employers are actually requiring employees to have RFID chips injected into their bodies.

Increasingly, RFID chips are being implanted in the upper arm of patients that have Alzheimer’s disease.  The idea is that this helps health care providers track Alzheimer’s patients that get lost.

In some countries, microchips are now actually being embedded into school uniforms to make sure that students don’t skip school.

Can you see where all of this is headed?

Some companies are even developing RFID technologies that do not require an injection.

One company called Somark has developed chipless RFID ink that is applied directly to the skin of an animal or a human.  These “RFID tattoos” are applied in about 10 seconds using micro-needles and a reusable applicator, and they can be read by an RFID reader from up to four feet away.

Would you get an “RFID tattoo” if the government or your bank asked you to?

Some people out there are actually quite excited about these new technologies.

For example, a columnist named Don Tennant wrote an article entitled “Chip Me – Please!” in which he expressed his unbridled enthusiasm for an implantable microchip which would contain all of his medical information….

“All I can say is I’d be the first person in line for an implant.”

But are there real dangers to going to a system that is entirely digital?

For example, what if a devastating EMP attack wiped out our electrical grid and most of our computers from coast to coast?

How would we continue to function?

Sadly, most people don’t think about things like that.

Our world is changing more rapidly than ever before, and we should be mindful of where these changes are taking us.

Just because our technology is advancing does not mean that our world is becoming a better place.

There are millions of Americans that want absolutely nothing to do with biometric identity systems or RFID implants.

But the mainstream media continues to declare that nothing can stop the changes that are coming.  A recent CBS News article made the following statement….

“Most agree a cashless society is not only inevitable, for most of us, it’s already here.”

Yes, a cashless society is coming.

Are you ready for it?

 

Article Source Link: http://theeconomiccollapseblog.com/archives/a-cashless-society-may-be-closer-than-most-people-would-ever-dare-to-imagine

JP

Brandon Turbeville
Infowars.com
January 12, 2012

Over the past few months, I have written several articles dealing with the coming cashless society and the developing technological control grid. I also have written about the surge of government attempts to gain access to and force the use of biometric data for the purposes of identification, tracking, tracing, and surveillance.<

Unfortunately, the reactions I receive from the general public are almost always the same. While some recognize the danger, most simply deny that governments have the capability or even the desire to create a system in which the population is constantly monitored by virtue of their most private and even biological information. Others, either gripped by apathy or ignorance, cannot believe that the gadgets given to them from the massive tech corporations are designed for anything other than their entertainment and enjoyment.

However, current events in India should serve not just as a warning, but also as a foreshadowing of the events to come in the Western world, specifically the United States.

Recently, India has launched a nationwide program involving the allocation of a Unique Identification Number (UID) to every single one of its 1.2 billion residents. Each of the numbers will be tied to the biometric data of the recipient using three different forms of information – fingerprints, iris scans, and pictures of the face. All ten digits of the hand will be recorded, and both eyes will be scanned.

The project will be directed by the Unique Identification Authority of India (UIDAI) under the premise of preventing identity theft and social welfare fraud. India has rather extensive social welfare and safety net programs, ranging from medical support and heating assistance to others aimed at helping the poor. Fraud is a rampant problem in India, especially in relation to these programs due to a preponderance of corrupt politicians and bureaucrats who often stuff welfare rolls with fake names and take the money for themselves.

Yet, although the justification for the billion person database is the increased ability to accurately disperse social welfare benefits, it will not be just the Indian government’s social welfare programs that have access to and utilize the UIDAI. Indeed, even before the program has been completed, major banks, state/local governments, and other institutions are planning to use the UIDAI for identification verification purposes and, of course, payment  and accessibility.

As Aaron Saenz of the Singularity Hub writes:

Yet the UID is going to be used for much more than social welfare programs. The UIDAI is in discussion with many institutions (banks, local/state governments, etc.) to allow them to use the UID as a means of identity verification. These institutions will pay the UIDAI some fee to cover costs and generate revenue. There seems to be little doubt that once it is established, the UID will become a preferred method (if not the preferred method) of identification in India.

Saenz also sees the eventuality of the UIDAI program becoming a means of payment and accessibility. He continues:

Ultimately, I wouldn’t be surprised if the UID, with its biometric data, could be used as a means of payment (when linked to a bank account), or as an access key to homes and cars. Purchase a meal with your fingerprint and unlock your door with the twinkle in your eye. Similar results could be expected in other nations that adopted biometric identification systems.<

Saenz, and other proponents of the UID (UIDAI), have been diligent in pointing out that the program “is just a number, not an ID card.” However, this claim is debatable. Saenz himself admits that State issued driver’s licenses and identification cards will reference the UID information.

The question then becomes how much of that information will be referenced, and how that will be accomplished? Will the information be included on the card? Will only part of the information be included on the card? Or will the card reference back to the digital UID information to be then reconciled with the information that is present on the card? Although the UID is obviously going to be utilized by other institutions outside of the social welfare programs, no answers to these questions have been provided.

But, in the end, does it really matter if the information is collated into an ID card format if the government already has access to that information digitally? More than likely, a national ID card will appear as a supplement to the database already created by UID.  Regardless, the private biometric information has still been taken from the individual. The database is still there.

Indeed, government “officials” have already stated that the database will be used by intelligence agencies for the purpose of monitoring “bank transactions, cellphone purchases and the movements of individuals and groups suspected of fomenting terrorism.” This will be very easy to do since the UID number will be entered anytime an individual “accesses services from government departments, driver’s license offices and hospitals, as well as insurance, telecom, and banking companies.”

Nevertheless, proponents have also touted the fact that, at this point, the UID program is optional. But the program will obviously not be optional for very long. As I have discussed in previous articles, the introduction of a program such as a national ID card, biometric data, or cashless payment technologies is always followed by the program becoming mandatory. The ultimate goal of an all-encompassing cashless surveillance program with no opt-out provisions is always introduced by stealth and the Gradualist Technique.

At first, the program is introduced as a way to speed up transactions, increase efficiency, and provide convenience. Soon, however, governments and businesses begin to transition out of the older methods of payment and identification and focus more on the new technology. Identification using the traditional methods remain as an option, but become viewed as cumbersome. Eventually, the alternative methods are phased out completely and mandates replace what was once a personal choice.

As soon as Indian banks, businesses, and government social service offices begin to require identification using the UID, the ability to remain off the system and lead what passes for a normal life will disappear.

This is exactly the intention with India’s new biometric ID program. In fact, the cashless society is a stated goal of the UID program. CEO of MindTree’s IT Services, the company that was awarded the government contract for development and maintenance of the UID, explained in an interview with ComputerWeekly that the “ID scheme will support a cashless society. He said all vendors will have a biometric reader and citizens can pay for things with a fingerprint scan. Even a bag of rice.”

No doubt, even after such an admission by a man who was instrumental in the development of the program, many who read this article will still dismiss it as a “conspiracy theory.”

Nonetheless, this new monumental data mining effort by the Indian government dovetails with recent efforts in the Western world to develop an electronic surveillance grid capable of tracking, tracing, and recording every single movement and communication of every single citizen within a nation’s borders.

New technologies which are being introduced inside the United States, the UK, and Australia such as vein scanners, biometric employee time and attendance systems, voice recognition devices, and behavior analysis systems are all geared toward Total Information Awareness of every human being on the planet.

Only a totalitarian form of government would desire this information; and only a very determined totalitarian government would actively work toward establishing it. India is only the first nation to openly sweep up its entire national population into such a massive biometric database net. We cannot let our nation be the next.

This post first appeared on Activist Post.

Brandon Turbeville is an author out of Mullins, South Carolina. He has a Bachelor’s Degree from Francis Marion University where he earned the Pee Dee Electric Scholar’s Award as an undergraduate. He has had numerous articles published dealing with a wide variety of subjects including health, economics, and civil liberties. He also the author of Codex Alimentarius – The End of Health Freedom, 7 Real Conspiracies and Five Sense Solutions.

Source Article Link: http://www.infowars.com/cashless-society-india-implements-first-biometric-id-program-for-all-of-its-1-2-billion-residents/

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by Rory Fitzgerald

Posted: 11/14/11 11:00 AM ET

It’s starting to look like all those crazy 2012 prophecies might not be so wide of the mark after all. Even as the world is transfixed by the slow-motion implosion of the eurozone, reports are emerging that Israel might strike Iran’s nuclear facilities early in the New Year. The unpredictable interaction two such epochal events could cause a global catastrophe like something out of a bad science fiction novel.

Nowadays, it seems that almost every day the unthinkable not only becomes thinkable, but it actually happens. So it goes with the eurozone: The bloc seemed like a rock of stability until a couple of years ago, now it seems to have entered an irreversible tailspin. Economist Nouriel Roubini has recently joined many others in warning that “Italy may, like other periphery countries, need to exit the euro and go back to a national currency, thus triggering an effective break-up of the eurozone.” Such an event could cause unprecedented economic devastation in Europe and around the world.

The only long-term solution to the euro crisis is total fiscal integration. Yet this is completely unacceptable to almost every eurozone polity. The necessary treaty changes would require referenda in at least four nations. These referendums would not pass. Nor would such measures be passed by many EU parliaments, especially as eurosceptic parties are rising rapidly across the continent. Solving the eurozone crisis by way of federalist integration is politically impossible. Therefore, eventual collapse or a worsening of the crisis is almost inevitable. The only real question is how bad it will get, and optimists are hard to find.

The most recent data shows that the eurozone, and much of the world, may be slipping rapidly into recession. Property and commodity bubbles are bursting even in China. Not only that, but there is no more fiscal stimulus to be had. The global economy’s life raft is gone.

The combination of the onset of a second global Great Depression, a devastating banking crisis in Europe, fragmentation of the eurozone and rolling sovereign debt crises across the US and Europe is bad enough. This scenario is, in itself, a total catastrophe. Yet some serious economists say such outcomes are very possible within the next 12 months. However, few have thrown into the mix the ramifications of an Israeli attack on Iran’s nuclear facilities — also likely within the next 12 months.

The eurozone crisis and Iran’s nuclear weapons program are widely seen as discrete and unrelated events. However, they could interact in potentially horrific ways. Jeffery Goldberg of The Atlantic magazine says there is a “better than 50 percent chance that Israel will launch a strike by next July.” Israel simply cannot tolerate a nuclear armed Iran. Sanctions have failed miserably and the recent International Atomic Energy Agency (IAEA) report suggests that Iran could begin building a nuclear weapon within months.

The Daily Mail has recently cited UK Foreign Office sources as saying that the British government expects Israel to attack Iran “sooner rather than later … We’re expecting something as early as Christmas, or very early in the New Year.” Israeli President Shimon Peres has said: “The possibility of a military attack against Iran is now closer to being applied than the application of a diplomatic option.”

Tehran has threatened to respond with “an iron fist,” and has warned about “aggressors and invaders being smashed from within.” A massive onslaught on Israel could be expected via Syria and Hamas. Simultaneously, terrorist attacks could happen in cities across the Western world. The political consequences of an attack across the Muslim world are incalculable, but one immediate effect of an Israeli attack would be on oil supply.

The first thing Iran will do if attacked is blockade the critical oil-shipping lanes through the Strait of Hormuz. This would instantly send the price of oil skyrocketing to between $175 and $500 a barrel, depending on whose estimates you believe. America’s National Defense magazine says that “Under a worst-case scenario 30 day closure of the Strait of Hormuz … the U.S. would lose nearly $75 billion in GDP.” The effects on Europe would be similarly disastrous. Iran’s Navy is no match for the US Fifth fleet, but all Iran need do is slip a few mines into the water and the straits could be closed for months. Additionally, Iran might attack Saudi Arabia’s oil facilities in Dhahran, and the price of oil would instantly reach the stratosphere. Even in a best-case scenario, more stringent sanctions against Iran are now almost inevitable and these will seriously exacerbate the turmoil in financial markets, already reeling from the euro crisis.

In our interconnected world, events in Brussels and Tehran can interact like never before. US Defense Secretary Panetta has warned of the “unintended consequences” of an attack on Iran. Yet, it is impossible to imagine Israel meekly allowing Iran develop the bomb. It is also impossible to imagine Iran voluntarily giving up its nuclear program. Like an eventual euro breakup, many believe that a strike on Iran is not a matter of if, but when. If these two events happened simultaneously, or nearly so, the consequences would be utterly incalculable.

 
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Record surge in bond yields as Italian debt crisis passes point of no return

Paul Joseph Watson
Prison Planet.com
Wednesday, November 9, 2011

Veteran investor Jim Rogers warned this morning that there is a “100% chance” the world is facing a financial crisis worse than 2008, as Italy was plunged into chaos on the back of soaring bond yields which now make the country’s huge debt unsustainable, mandating yet another EU bailout.

“We’re certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn’t have for a few decades now, and it’s all coming home to roost,” Rogers, CEO and chairman Rogers Holdings told CNBC.

Rogers said the only solution was to allow countries to go bankrupt and start again, arguing that the continuing cycle of debt would only exacerbate the problem in the long term.

“Last time, America quadrupled its debt. The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse,” Rogers said, adding that the chance of the Eurozone crisis causing another global financial meltdown was “100 per cent” and that the fallout would be worse than the 2008 collapse.

Rogers’ warning came as Italy was plunged into crisis and bond yields surged to unsustainable levels despite Prime Minister Berlusconi’s promise to resign, a move that was seen as a stabilizing factor.

“The situation in Italy has grown increasingly precarious with the yield on bonds passing the level which suggests the nation will need to be bailed out. At 10.50am the yield on the 10-year benchmark stood at 7.419%, a massive 0.7% jump on the day,” reports City Wire.

Bond yields are the return which the government offers investors who buy debt in the form of bonds. The yield is surging because investors globally are dumping Italian bonds, forcing the government to crank the interest rate higher and higher in order to attract buyers.

This record high in bond yields now means that Italy’s debt is unsustainable without the aid of yet another EU bailout, which will come with strings attached in the form of austerity measures that are almost guaranteed to provoke unrest on a similar scale to what we’ve already witnessed in Greece.

“Right now Italy has a debt to GDP ratio of 118 percent. If they keep expanding that debt it is going to result in a financial nightmare, but if they try to implement strict austerity measures it is also going to result in a financial nightmare. They are damned if they do and they are damned if they don’t,” explains Economic Collapse Blog.

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Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.

SOURCE ARTICLE LINK: http://www.prisonplanet.com/rogers-100-chance-of-crisis-worse-than-2008-italy-implodes.html

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