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Trump followed in the footsteps of Obama and pardoned five megabanks—one of which he reportedly owes up to $300 million in outstanding loans.
While Americans celebrated the holidays, President Trump followed in the footsteps of his predecessors by acting in the interest of Wall Street and using the distraction to do something that was not in the best interest of the American people. He pardoned five megabanks for rampant fraud and corruption, which is especially notable because of the amount of money he owes them.
Trump has been using Deutsche Bank since the 1990s, and Financial Times has reported that he now owes the bank at least $130 million in outstanding loans secured in properties in Miami, Chicago, and Washington. However, a source told the Times that the actual number is likely much larger at $300 million.
BANKS in Denmark are becoming increasingly sceptical about the benefits of joining the European Union’s banking union.
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“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”
“In 2017, the federal government spent more than 4 trillion dollars for the first time ever.”
2017 went by way too quickly. Donald Trump’s first year in the White House shook up the entire planet, and nobody is quite sure what is going to happen next.
Personally, as 2017 began I was still having a hard time actually believing that Trump was going to be our president. Once he was finally inaugurated on January 20th I was able to relax a little bit, but at that point I had no idea that I would soon be running for Congress here in Idaho as a pro-Trump candidate.
As 2018 begins, I think that it would be good to look back and remember some of the most important things that happened over the past 12 months.
The following are 44 numbers from 2017 that are almost too crazy to believe…
Adding to the pressures on bitcoin early this morning, the Sydney Morning Herald reported that bitcoin users across Australia are reporting that their accounts have been abruptly frozen by the country’s “Big Four” banks. And while the banks have remained largely tight-lipped about the closures, many angry account-holders are jumping to conclusions and blaming the banks for punishing them because of their involvement with bitcoin.
Bitcoin investors are claiming Australia’s banks are freezing their accounts and transfers to cryptocurrency exchanges, with a viral tweet slamming the big four and an exchange platform putting a restriction on Australian deposits.
According to the Herald, cryptocurrency trader and Youtuber Alex Saunders called out National Australia Bank, ANZ, the Commonwealth Bank of Australia and Westpac Banking Corporation on Twitter for freezing customer accounts and transfers to four different bitcoin exchanges – CoinJar, CoinSpot, CoinBase and BTC Markets.
“Doing God’s work” is indeed rewarding!
Meet Blankfein’s God…
Goldman Sachs has accelerated nearly $100 million in stock awards to top executives before the end of the year in order to avoid unfavorable changes in the new tax code, according to public filings posted Friday.
The most sweeping overhaul of U.S. tax code in 30 years includes a provision which caps a corporate deduction for executive pay; under current law, corporations can deduct up to $1 million per executive’s base salary, however there’s no cap on deductions for performance-based pay, such as bonuses.
Under the new provisions, both base salary and performance bonuses count towards to $1 million cap – which is why Goldman accelerated $94.8 million in bonuses originally scheduled for January, 2018. By paying the bonuses early, the bank will save money on its own tax bill.
“I understand the distinction, but it does leave an interesting question:
If the block chain is unhackable, but all its end points are easily vulnerable, isn’t the currency medium just as vulnerable as if the block chain itself were full of security holes?”
“Yes, I think that question weighs on many minds. Actually, I don’t think blockchain is “unhackable” – every software is hackable – it just hasn’t been hacked yet, or at least, we don’t know about it. But nothing that is connected to the internet is totally secure, never has been, never will. So I think this problem will stay with us.”
As a general rule, most bankers disparage cryptocurrencies, like Bitcoin, as anything but purely speculative instruments. But they don’t disparage blockchain, the technology that underpins cryptocurrencies. On the contrary. They’re pouring money into developing their own “digital currencies,” as they call them. Just don’t call them “cryptocurrencies.”
UBS, BNY Mellon, Deutsche Bank, Santander, the market operator ICAP, and the startup Clearmatics formed an alliance in 2016 to explore the use of digital currency between financial institutions and central banks, using blockchain.
The ultimate goal of the project is to create a digital currency known as Utility Settlement Coin (USC), which will facilitate payment and settlement for institutional financial markets. As the FT reported in October, commercial banks are growing tired of waiting for central bankers to take the lead in fending off the challenge that standalone cryptocurrencies such as bitcoin could pose to their control of monetary policy, and are pressing on with their own pet projects.
Americans have been programmed to fight amongst themselves along partisan political lines, always pointing the finger at the other side of the phony left-right paradigm. Divide and conquer is the broad tactic being used to keep people from recognizing, focusing on, and targeting the truly diabolical agents in our world who hold real power over all of us at once.
We are not ruled by Republicans or Democrats, but rather by the not-so-hidden hands of institutions which have consolidated a tremendous amount of power. Our world is deeply colored by these cartels, and they impact every area of our lives, constantly maneuvering to make more and more dependent on them for our needs.
In short, these are the organizations which rule over us. These are the great forces in our world which prevent positive change and ensure that we continually slide downward into tyranny and self-destruction.
Independently-controlled cryptocurrencies such as Bitcoin, Ethereum and Litecoin may or may not survive in the long run, but blockchain technology is definitely here to stay.
This technology has revolutionized how digital financial transactions are conducted, and it was only a matter of time before the big boys began to adopt it. Previously, I have written about how the Washington Post is hyping something known as ‘Fedcoin’, but Fedcoin does not yet exist.
However, a digital currency that uses blockchain technology that is called ‘Utility Settlement Coin’ is actually very real, and it is currently being jointly developed by four of the largest banking giants on the entire planet. The following was recently reported by Wolf Richter…
Japan’s Softbank Group is coming to the rescue of yet another embattled Silicon Valley “unicorn”. The Wall Street Journal reported Saturday that Fortress Capital, the publicly traded private-equity firm that agreed to sell itself to the Japanese conglomerate earlier this year, has extended a $100 million loan to Theranos, which is still facing multiple lawsuits and investigations for misleading investors, business partners and clients about the efficacy of its core technology.
The loan, which will avert a bankruptcy filing for the former poster-child of tech-centric “disruption”, which was once one of Silicon Valley’s most valuable private companies with a valuation of $10 billion. Theranos famously marketed itself to investors by playing up its core innovation: A diagnostic machine that could supposedly run tests for hundreds of medical conditions with only a single drop of blood.
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In the most ironic story of the day, the company that makes the paper that Swiss banknotes are printed on was just bailed out by the money-printing, stock-purchasing, plunge-protecting, savior-of-global equities…Swiss National Bank.
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- Canadians Lorette Taylor, Marie-Louise Marlow and Louis Paul Herbert each were to receive $846,648.46 as an inheritance after their father died
- Lorette was tasked with finalizing details of his will and obtained a bank draft from TD Canada Trust to pay her brother his portion
- She then had the draft mailed via UPS to him in Cornwall, but it never arrived
- Now they are fighting with bank to be refunded the money after UPS sent an apology letter saying draft was lost and issued a $32 refund for mailing costs
- Herbet said that he regrets not driving to pick up the check and that he needs the $846,648.46 to survive since he has maxed out his credit cards
UPS lost a Canadian man’s $846,648.46 inheritance check, and the bank who issued it is refusing to refund the missing money, according to a report.
After Dr. Louis Hebert passed away in 2015, his daughter Lorette Taylor was tasked with finalizing details of his will.
– All the Money in the World
– How Much the World is Worth
– The Flow of Money During Financial Crisis
– Net Worth of World’s Richest People
– Net Worth of World’s Biggest Companies
– The Liquidity Pyramid a.k.a. Exter’s Inverted Pyramid
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