MONEY: Russia Will ‘Never’ Consider Bitcoin Legalization

Does Bitcoin represent a clear a present danger to the Central Banking system and fiat currency? Or, is it just part of the NWO/JWO Hegelian Dialectic? After all, an ultimate goal is the elimination of all cash. Nonetheless, Putin, in this clip, makes it clear he is carrying out the Rothschild directive of preferring the Central Banks.

https://www.youtube.com/watch?v=JleATAzJd30

“Russia Will ‘Never’ Consider Bitcoin Legalization, Says Minister,” Source: coindesk.com

The Russian minister of communications and mass media said yesterday that the country will not consider the legalization of digital currencies like bitcoin

According to state-owned news service TASS, Nikolai Nikiforov stated: “Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation.”

However, Nikiforov added that it is “quite possible” that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized.

Last month, the country’s Communications Ministry drafted a document to the government detailing technicalities related to the adoption of cryptocurrency technology, indicating there is an interest within Russia for speculative foreign instruments.

Nikiforov noted at the time:

“I think we should go ahead from the technological viewpoint, providing such instruments. It is hardly possible to get anything via restrictions amid digital economic development.”

The comments come after the release of statements from Russia’s Communications Ministry in May, suggesting that Russia could implement blockchain regulations within the next two years.

While the Russian government takes a generally negative stance on bitcoin and those that buy bitcoin, the country’s officials have made a number of pro-blockchain statements in recent days. Despite there being so much negativity around the bitcoin, it is still a growing and changing system, if you are interested in finding out more about the bitcoin you might want to check out a site similar to btcnn for all the latest bitcoin cash news and to keep up to date with any investments you may be interested in making. If you’d like to learn about trading bots for bitcoin, while we are on the topic, checking out this bitcoin loophole review could provide some insight into how trading bots work.

Just a week ago, a senior official at Russia’s central bank said initial coin offerings (ICOs) could drive funding opportunities for startups. And, a week prior, the head of Russia’s Federal Agency for Tourism predicted that blockchain could transform the country’s tourism industry.

VIDEO: “Rothschilds Rule the World” – Jordanian TV

MEMRI is a pro-Zionist organization that aims to showcase these types of presenters as ‘extreme’, while doing so in an ‘unbiased fashion’. This video, and when you see their comments on their YouTube channel, exemplifies their agenda/bias.
Nonetheless, these Jordanian presenters are 100% on point about the Rothschilds and NWO.

https://www.youtube.com/watch?v=_bvg6X8HeBE&feature=youtu.be

The Economist

COMMENTARY: Get Ready For A World Currency By 2018

The plan is developing before our own eyes. This world currency will mean the end of sovereignty but who would want sovereignty when their own countries are up to their necks in debt! Yes, ladies and gentlemen, welcome to the New World Order, where the Old Order of things is history! We are ruled by a bunch of criminals, who have taken our money and our resources and nobody can do anything about it anymore. When we could, we were asleep and now it’s too late. The Goyim are finally going to be serving their masters 24/7. 

The Economist

“Get Ready For A World Currency By 2018”, Source: zerohedge.com

Once  I saw a broker seemingly butcher a 5,000 sell order. “Was the client upset?” His answer was ” NO, He was laughing!”. The client was Andy Hall
It was almost two years ago that the WSJ published their infamous “gold is a pet rock” article, which marked the conclusion of the bear market. Could a new article published ten days ago be ringing the same bell?

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 f?ke™ news.

It is an article from The Economist published 29 years and six months ago, today.

We are counting down the minutes.

ADL Questions Jay-Z Over Jewish Lyric in ‘The Story of O.J.’

“You wanna know what’s more important than throwin’ away money at a strip club? Credit / You ever wonder why Jewish people own all the property in America? This how they did it.”

Is Jay-Z trying to tell his audience something? One can’t be sure, but our immediate reaction is he isn’t talking about real estate — as this Tribal member at The Guardian claims.

It is our opinion, he is talking about the SYSTEM and subsequently YOU — ALL OWNED. Also, it is funny how he inserts the “$9.99” scene into the video and says “I’m trying to give you a million dollars of game for 999.” 

Start at 2:28 to get right to it.

“ADL Questions Jay-Z Over Jewish Lyric in ‘The Story of O.J.’,” Source: rollingstone.com

The Anti-Defamation League, a leading Jewish organization dedicated to fighting anti-Semitism, says they are concerned about the implications of a lyric on Jay-Z‘s new 4:44 song, “The Story of O.J.” On the track, the rapper rhymes, “You wanna know what’s more important than throwin’ away money at a strip club? Credit/ You ever wonder why Jewish people own all the property in America? This how they did it.”

“We do not believe it was Jay-Z’s intent to promote anti-Semitism,” a rep for the ADL tells Rolling Stone. “On the contrary, we know that Jay-Z is someone who has used his celebrity in the past to speak out responsibly and forcefully against the evils of racism and anti-Semitism.

The organization, however, finds the particular lyric problematic. “The lyric does seem to play into deep-seated anti-Semitic stereotypes about Jews and money. The idea that Jews ‘own all the property’ in this country and have used credit to financially get ahead are odious and false. Yet, such notions have lingered in society for decades, and we are concerned that this lyric could feed into preconceived notions about Jews and alleged Jewish ‘control’ of the banks and finance.”

A rep for the rapper did not immediately respond to a request for comment.

The lyric immediately sparked a debate on social media over whether the lyric was anti-Semitic, and if not, whether Jay intended it to be complimentary despite signaling to long-held stereotypes about Jews. Madonna and U2’s manager, Guy Oseary, who is Jewish and was born in Israel, offered his interpretation in an Instagram post that featured a picture of himself with Jay-Z.

Oseary argued that the line taken out of context could be seen as anti-Semitic, though he noted that Jay-Z uses exaggerated stereotypes in both the lyrics and video for “The Story of O.J.” “Jewish people do NOT ‘own all the property in America,'” Oseary said. “Jay knows this. But he’s attempting to use the Jewish people in an exaggerated way to showcase a community of people that are thought to have made wise business decisions. As an example of what is possible and achievable … In my opinion, Jay is giving the Jewish community a compliment. ‘Financial freedom’ he mentions as being his ONLY hope. If you had to pick a community as an example of making wise financial decisions achieving financial freedom who would you choose? I’m not offended by these lyrics.”

Russell Simmons also defended the rapper earlier this week on Twitter, writing, “Mischief makers would like to take Jay’s statements about the culture and practices that exist within some parts of the Jewish community (notice I say some). The fact is this culture that promotes good business and financial well-being is and has been a guiding light to the black and specifically the hip-hop community.”

Deutsche Bank

VIDEO: Why A Deutsche Bank Whistleblower Turned Down A $8.25 Million Reward

Eric Ben-Artzi exposes the international corruption which is nothing more than the result of greed and the desire for unlimited power. The tribe has literally destroyed the world’s financial system and it will not stop until it destroys us all. They are robbing us and we continue to let them!

“Why A Deutsche Bank Whistleblower Turned Down A $8.25 Million Reward: In His Own Words,” Source: zerohedge.com

At the height of the financial crisis, when risk assets were imploding and counterparties were in danger of overnight collapse, Deutsche Bank avoided failure and nationalization by fabricating the value of its $130 billion derivative portfolio of “leveraged super senior” trades.

Some history: back in 2005, these trades were seen as “the next big thing” in the world of credit derivatives, something which DB at the time was building a massive position in. They were designed to behave like the most senior tranche of a typical collateralised debt obligation, where assets such as mortgages or credit default swaps are pooled to give investors varying degrees of risk exposure. Deutsche became the biggest operator in this market, which involved banks buying insurance against the possibility of default by some of the safest companies, the FT writes.

There was just one problem: when it was building up its portfolio, Deutsche never accounted for the possibility of the financial world nearly collapsing. Which is why as the illiquid portfolio was careening, instead marking it to market – an act that would have resulted in the bank’s insolvency – DB’s risk managers misstated the value of the positions by anywhere from $1.5bn to $3.3bn.

Several years later, in 2012, the SEC found out about this, and in 2015 slapped a $55 million fine on Deutsche Bank for this criminal fabrication (nobody went to jail). “At the height of the financial crisis, Deutsche Bank’s financial statements did not reflect the significant risk in these large, complex illiquid positions,” said Andrew Ceresney, director of the SEC’s enforcement division. “Deutsche Bank failed to make reasonable judgments when valuing its positions and lacked robust internal controls over financial reporting.”

The reason why the SEC learned about DB’s massive mismarked derivative exposure, is because two former employee whistleblowers, Matthew Simpson and Eric Ben-Artzi, told it: the duo alleged that if Deutsche had accounted properly for its positions, its capital would have fallen to dangerous levels during the financial crisis and it might have required a government bailout to survive. The highest estimate for the unaccounted loss was $12bn. Which explains why Deutsche Bank was desperate to manipulated the numbers.

End result: DB got its wristslap with a token fine, the SEC came out looking like it knew what it was doing, and – as we learned today – the two whistleblowers got major awards for helping the SEC collected the $55MM fine, amounting to 15% each. Whistleblowing is growing in popularity for businesses across the world. If you have blown the whistle on a business, you may be eligible to recover damages so contacting a Qui Tam lawyer may help you with your claim.

Only, something unexpected happened: as the FT writes, one of the whistleblowers who helped expose the false accounting at Deutsche Bank turned down a multimillion-dollar award from the Securities and Exchange Commission in protest against the agency’s failure to punish executives at the bank.

Eric Ben-Artzi, the former Deutsche risk officer, told the SEC he is declining his share of a $16.5 million payout — the third largest in the whistleblower program’s history — which represents 30% of the $55 million Deutsche Bank fine.

But why turn down enough money that most people, even ex-Wall Streeters, could comfortably retire on? Ben-Artzi said the fine should be paid by individual executives, not shareholders, and suggested the “revolving door” of senior personnel between the SEC and Germany’s largest bank had played a role in executives going unpunished (understandably he had no comment about the spike in Deutsche Bank suicides in 2013-2014, particularly those emanating from its legal department).

“This goes beyond the typical revolving-door story,” Mr Ben-Artzi wrote in an opinion article for the Financial Times. “In this case, top SEC lawyers had held senior posts at the bank, moving in and out of top positions at the SEC even as the investigations into malfeasance at Deutsche Bank were ongoing,”

Which, incidentally, reminds us of a post we wrote back in May 2010, explaining why former Deutsche Bank General Councel, and then-SEC Director of Enforcement, “Robert Khuzami Stands To Lose Up To $250,000 If He Pursues Action Against Deutsche Bank.” We were right: neither Khuzami, nor the SEC, nor anyone else, pursued any charges against Deutsche Bank in the early years after the financial crisis. In retrospect, now that the German bank has been revealed to have manipulated literally everything, such oversight on behalf of the SEC was even more criminal than what DB did over the years.

Six years later, the FT comments on this too:

“Robert Khuzami, director of enforcement at the SEC between 2009 and 2013, was Deutsche’s former general counsel for the Americas. Between 2004 and 2013 Robert Rice was a senior lawyer at Deutsche Bank, where he led an internal investigation into the valuation claims; he then went to the SEC as chief counsel. Both Mr Khuzami and Mr Rice were recused from the investigation. Dick Walker was enforcement director at the SEC between 1998 and 2001 and then joined Deutsche, later becoming general counsel; he left the bank this year. All three declined to comment. “

Needless to say, there is zero risk to Khuzami’s current job as partner in Kirkland’s Government & Internal Investigations Practice Group, which he joined in 2013. But hopefully, one day there will be, and if so it will be partially thanks to op-eds such as the one – written by Eric Ben-Artzi, who is currently a vice-president of risk analytics at BondIT – published in today’s FT and republished below.

For all those wondering why someone would turn down a $8.25 million whistleblower award, here is the explanation, straight from the source.

* * *

We must protect shareholders from executive wrongdoing

Eric Ben-Artzi

I turned down a whistleblower award, writes former Deutsche Bank employee Eric Ben-Artzi

I just got word from the Securities and Exchange Commission that I am to receive half of a $16.5m whistleblower award. But I refuse to take my share. My award, which comes from a fund allocated by Congress, amounts to 15 per cent of the $55m fine the SEC imposed on Deutsche Bank in May 2015 after I informed regulators that my colleagues at the bank had been inflating the value of its massive portfolio of credit derivatives.

I was a risk officer at the bank, and one of the three whistleblowers who in 2010-11 reported the improper accounting internally and to regulators around the globe.

The SEC attorney who oversaw the investigation told the New York Times: “It’s the only enforcement action where we allege that a major financial institution failed to properly value a significant portion of its portfolio of complex securities.”

But Deutsche did not commit this wrongdoing. Deutsche was the victim. To be precise, the bank’s shareholders and its rank­-and­-file employees who are now losing their jobs in droves are the primary victims.

Meanwhile, top executives retired with multimillion­-dollar bonuses based on the misrepresentation of the bank’s balance sheet. It is therefore especially disappointing that in 2015, after a lengthy investigation helped by multiple whistleblowers, the SEC imposed a fine on Deutsche’s shareholders instead of the managers responsible.

Compare this outcome with a contemporaneous SEC enforcement action against the less connected executives of a smaller firm, Trinity Capital, and its subsidiary Los Alamos National Bank. The violations at Trinity seem similar to Deutsche, but orders of magnitude smaller. Five executives at Trinity were charged, the chief executive settled and paid a fine, and litigation continued against two senior officers.

“We will hold senior executives liable when they misstate the company’s performance and fail to come clean with shareholders,” explained Andrew Ceresney, director of the SEC’s Division of Enforcement.

So why did the SEC not go after Deutsche’s executives? The most obvious concern is that Deutsche’s top lawyers “revolved” in and out of the SEC before, during and after the illegal activity at the bank. Robert Rice, the chief lawyer in charge of the internal investigation at Deutsche in 2011, became the SEC’s chief counsel in 2013. Robert Khuzami, Deutsche’s top lawyer in North America, became head of the SEC’s enforcement division after the financial crisis. Their boss, Richard Walker, the bank’s longtime general counsel (he left the bank this year) was once head of enforcement at the SEC.

This goes beyond the typical revolving door story. In this case, top SEC lawyers had held senior posts at the bank, moving in and out of top positions at the regulator even as the investigations into malfeasance at Deutsche were ongoing.

This took place on the watch of Mary Jo White, the current chair of the SEC, whose relationship with Mr Khuzami and Mr Rice dates back 20 years. She bears ultimate responsibility for the Deutsche fine. In 2010 I joined Deutsche from Goldman Sachs as a vice­-president in the market­-risk department. I am a mathematician and had worked in risk­-modelling at other banks. When I joined Deutsche I was not made aware that an internal “investigation” was already under way into the inflated valuation of the bank’s $120bn portfolio of exotic credit derivatives.

Within a few months, though, I realised something was very wrong, and I called the internal hotline. That is when I met Mr Rice. He was then Deutsche’s top lawyer for compliance and regulatory affairs, and asserted that our conversations were subject to “attorney-client” privilege and could not be disclosed. I did not agree and was fired. My Wall Street career was ruined.

When I first helped the SEC investigation, the whistleblower award was a powerful incentive. My lawyers and ex-wife have a claim on a portion of my award, which I am not at liberty to reject.

Although I need the money now more than ever, I will not join the looting of the very people I was hired to protect. I never intended to turn a job in risk management into a crusade, but after suffering at the hands of the Deutsche executives I will not join them simply because I cannot beat them.

I request that my share of the award be given to Deutsche and its stakeholders, and the award money clawed back from the bonuses paid to the Deutsche executives, especially the former top SEC attorneys.

I would then be happy to collect any award for which I am eligible.

IRS

VIDEO: Former IRS Agent, Sherry Peel Jackson Exposes Income Tax/Federal Reserve Connection

Ignorance is the reason why people continue paying these taxes. America was hijacked since its inception and things have only gotten worse. Please share, people need to be informed. The only way we will beat the demons is by boycotting their dirty game, if we learn how to, we can do it!

https://youtu.be/EiYom4-NgAk

 

 

 

Mads Palsvig

VIDEO: Mads Palsvig Speaks About The Impact Brexit Is Having On The European Continent

The European Union was a project created centuries ago and it has been used to brainwash Europeans to start getting used to what is coming next, and that is called Eurasia. The EU is nothing more than the expansion of Communism. On this video, Mads Palsvig a former Danish investment banker exposes the international financial corruption.

VIDEO: Little Girl Exposes Central Banks & Debt Slavery

There is no excuse for ignorance! If a 12-year-old girl can understand the essence of the (((problem))), everyone can! Be the change and wake-up your friends and family who are asleep!

Victoria Grant, from Canada, exposes Central Banks, the Bankers, & how they enslave governments, along with setting rules to control our monetary/financial systems.

“What I’ve discovered is that banks and the government have colluded to financially enslave the people of Canada,” she said at Pubic Banking Institute conference in Philadelphia.

In her interview with RT, she expressed her concern that the Canadian government has been borrowing money from private banks and putting the people into debt. “And they are not doing anything about this. So they are just standing by and watching the private banks make us pay compounded interest.”

“It has become painfully obvious even for me, a 12-year-old Canadian, that we are being defrauded and robbed by the banking system and a complicit government,” Victoria stated in her speech at the conference.

https://www.youtube.com/watch?v=0zz13TF-tPw

BOMBSHELL: Zionist Report’s First Book – Challenge Your Knowledge

This is the first book we published. We strongly recommend you read it. You might think you know history, but this book will surprise you without a doubt. It will take you by the hand and clearly show you, true history. This is not just ‘another book’ it is a book that exposes events in an orderly fashion and will make everyone open their eyes! 

 

https://youtu.be/37vBzYGrv3Q