Showing posts with label James Corbett. Show all posts
Showing posts with label James Corbett. Show all posts

Tuesday, February 6, 2018

James Corbett: “What is The Price of Bitcoin in Dollars – Precisely the Wrong Question” (VIDEO)

James Corbett: “What is The Price of Bitcoin in Dollars – Precisely the Wrong Question” (VIDEO) | Bitcoin-With-A-Dollar-Public-Domain-700x380 | Economy & Business Multimedia Science & Technology Sleuth Journal Special Interests


Cryptocurrencies are not anonymous and they are not decentralized, period. This is to say nothing of the dangers they pose as being “pirate money” that can create real world problems for a persons life. If you don’t believe me simply ask Randall Lord, Ross Ulbricht or anyone that has had their “wallet” hacked or stolen on any number of exchanges where cryptocurrencies are bought and sold. Whom can they turn when the wallet is drained of 100% of it’s contents?


I am all for free markets and free market innovations. I have been and will continue to be skeptical of a technology that was introduced to the world by a ghost. A ghost is something that comes out of the ether, has no material being and is not part of this world. Well, that perfectly describes Satoshi Nakamoto. Is it a little suspicious the “bitcoin” white paper was introduced to the world on Halloween 2008 at the very height of the financial meltdown or is it just me that sees this through a lens of skepticism?


Is it a little suspicious the foundation for Satoshi Nakamoto’s white paper was actually developed by the NSA and MIT in 1996 and now we learn the all important SHA-256 technology was also developed by the NSA.


The piece of the Bitcoin code created by the NSA is a hash function called SHA-256. SHA stands for Secure Hashing Algorithm. The hash is the expected outcome. An algorithm can be executed on a piece of data, and the output of that algorithm should match the hash. But you can’t figure out what the data was with just the hash. It only works in one direction. And there are enough different combinations that it is virtually impossible for any two pieces of data to create the same hash. Source


The evidence continues to mount that shows these cryptocurrencies are part of a beast system intent on enslaving the masses. The evidence is coming not only from governments and bankers but more importantly from the cryptocurrency experts themselves. The more that I know the more terrifying cryptocurrencies become.


I have been told time and again that I just don’t understand and I just need to research and study how cryptocurrencies work. Well, I have been studying and researching, but I am not interested in what the “charts” are telling me or “how rich I’m going to be” or how cryptocurrencies are going to revolutionize the currency system. No, let’s research what the policy makers are saying and, more importantly, what the policy makers are doing. Well, come to find out, they are saying and doing a lot about a handful of “pirates” attacking their source of power and control. Seems as if no one, with the exception of myself and Ken Schortgen and Chris Duane are actually looking behind the curtain to see what the developers are doing and ask who are these developers. It doesn’t matter what the crypto-crowd says, or doesn’t say, and it doesn’t change the facts.


We have reported what Andreas Antanoppolis stated a couple of years ago when ask the question – “do you have a totalitarian government? because I don’t want to live under that type of government.” Well, Andreas you already do. You just haven’t bothered to look around, earnestly, to see the walls closing in on your life, property and wealth.


It’s no secret that governments around the world are being strangled with unplayable debt. It is no secret the banking system, the too big to fail banks, became insolvent in 2008. These corrupt enterprises need a new “game” to continue the ponzi scheme charade and continue tricking the people into believing that government has all the answers and banks are how you conduct financial transactions. Neither of which is true but the mass of people do not understand this and, therefore, continue to allow these corrupt enterprises to dictate their lives.


Enter a “way out” of the banking system and way around government control – a new currency called cryptocurrency. The magic bean has been discovered! There is just one problem – it’s not magic and it doesn’t work as purported by 99% of the people telling you how great cryptocurrencies are and how freeing cryptocurrency are for the masses.


We recently reported on a debate between Peter Schiff and Peter van Velckenberg. Peter V, is a bitcoin advocate and was debating the virtues of bitcoin with Peter S. Only one problem. Peter V told the truth about bitcoin and spoiled his own party.


Now the non-traceable is the other aspect I wanted to address. We talked about the fundamental innovation as to how this thing (bitcoin) works. It works because there’s a ledger. Not only is that ledger traceable, with perfect fidelity, and there’s only one version of it; not a bunch of records kept by five different international correspondent banks that don’t record beneficial ownership of shell companies that open accounts. There’s one ledger it’s called the blockchain. If you know that someone received a payment at an address on that blockchain you see with perfect fidelity every transaction into and out of that address and this is exactly the type of technological tool that law enforcement has used to apprehend the people that have used these networks for bad purposes. Ross Ulbrecht, the guy that created the Silk Road he was caught with his laptop in front of him. They opened it up, they found the public address where he was receiving payments from the Silk Road drug market and that’s unimpeachable evidence that he benefited from every single atomistic transaction for drugs or heroin that happened on that website. Source


You see Peter V simply explains, in plain english, how perfectly well the blockchain tracks 100% of your transactions and ties 100% of your transactions together with ALL transactions – that’s right, 100% of every transaction, one ever makes! Every time funds come into your account the blockchain ties 100% of the transactions leading up to you receiving those funds back to all those transactions associated with those funds and every time your account sends funds out it tracks all those transactions and ties it back to you regardless of where those funds came from or where they go or how they are used – it is now tied directly to you as well!


Let’s say you receive funds from someone on the blockchain and 47 transactions prior to you receiving those funds someone used some of those funds to commit an act of fraud or embezzlement. The funds in your account are tied directly to that illegal transaction. Not only did you not know anything about the situation you don’t know any of the people involved. Then you send some of those funds out and 138 transactions later someone uses some of the funds in an an illegal drug deal. You are now associated with both acts and it doesn’t matter that you don’t know 99.9% of the people before or after the funds arrived/leave your wallet as you are still associated with those illicit transactions. Pretty cool, aye? This is exactly what Peter V explains above – please re-read what Peter V said and let me know what I missed.


Now, we learn from one of the smartest people in the alternative media space, James Corbett, that bitcoin and cryptocurrencies in general, are not all what we have been told they are. If someone would like to have a battle of wits with Mr. Corbett on this subject you would do well to have all your information gathered properly as I can assure you he has done the deep research and has all the tools necessary to present his side of the debate.


To use cryptocurrencies in the way it was intended or at least in the way some people have intended it for, is a type of “pirate money” is the best way to describe it.


Is it possible, more or less, to use cryptocurrencies sudnonymously (sp?) there is no anonymous use of cryptocurrencies at this point precisely, because as we know, the NSA, GCHQ  and other agencies like that do have access to the trunk line of the internet. So it would be rather naive to think that we are able to mask internet traffic and really baffle them with that. But at any rate. Transactions can remain sudnonymous(sp?) and If they are handled the right way they can be done directly, peer to peer, without the influence of third party middle men. Including across international state boundaries and that can enable a new type of market. A cryptocurrency market internationally.


This is where James really digs in and explains the value of bitcoin and all other cryptocurrencies in a way that is undeniable. This has been part of my argument as well. Chris Duane has been the most vocal about this aspect of cryptocurrencies as they are nothing more than, literally, blips on a screen.


Right now everyone is focused on what is the price of bitcoin in dollars. Which is precisely the wrong question to be asking if you are looking at this as truly disruptive technology. The real question would be “what can I actually get with these bitcoin” without having to change anything to dollars; without having to buy any bitcoins with dollars. Can I earn bitcoin, can I sell things for bitcoin? OR not bitcoin in particular because there are many, many different cryptocurrencies. But the point would be to try to create a cryptocurrency economy that is not dependent on that interface with fiat currency.


The video below begins at the 13:00 mark where Mr. Corbett over the next five minutes will explain everything one needs to understand about bitcoin, cryptocurrencies and the lack of value these digital-illusions bring to the market.



The post James Corbett: “What is The Price of Bitcoin in Dollars – Precisely the Wrong Question” (VIDEO) appeared first on The Sleuth Journal.

Monday, January 22, 2018

True Lies: The Financial Press Just Admitted The Markets Are A Sham

By James Corbett


Sometimes the truest of hard truths are to be found smack dab in the middle of the fakest of fake news. You just have to read between the lines.


Take a recent story that bubbled up amid all the hype about the all-time record highs in the “What Could Possibly Go Wrong?” manipulated stock markets. You might have seen it. It was reported all over the usual MSM dinosaur fake news financial press outlets.


Here’s the headline that the mother ship of the banksters’ fake news press, the Financial Times, ran with:


“Nervous investors put the Bank of Japan in the spotlight”


And here’s the NY Times formulation:


“Investors Spooked at Specter of Central Banks Halting Bond-Buying Spree”






And, perhaps most telling of all, this hot take from perennial market pimp CNBC:


“Investors fear after Japan move the last of the global market ‘punch bowls’ are being taken away”


The global market “punch bowls?” That sounds like a Corbett Report headline, not something from CNBC. So what’s going on here?


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Monday, May 29, 2017

Here’s How to Honor the Fallen this Memorial Day by Exposing the Warmongering Lies of Govt

memorial day



Displaying flags and placing flowers on the graves of military members might be two of the more traditional Memorial Day methods of showing tribute to those who have fallen in battle; but perhaps a new tradition must be initiated — one that would constitute the highest form of respect. It’s time, beginning with Memorial Day 2017, to prevent any further unnecessary deaths by exposing the lies of the American empire in corporate and defense profiteering as the now-exclusive driving factors behind its push for war on all fronts.


Before jumping to assert this would somehow disrespect those who have died, understand it is precisely because the lives of U.S. troops are precious that we should not allow anyone to die for less than the most noble cause. And the imperialist goals of a crumbling empire simply do not embody a laudable reason to put lives on the line. Exposing mendacious pro-war propaganda for what it is could swiftly change the minds of future soldiers considering devoting their lives to military service.


Plenty of past examples of unabashed pro-war propaganda can be found in narratives invariably regurgitated by mainstream media acting as the government’s cheerleader.


When Russia delivered humanitarian aid to victims of ethnic cleansing in Ukraine, the United States attempted to present the move as an invasion. But its inept propaganda quickly became apparent when evidence to back up the claim never materialized — it was nonexistent because it wasn’t true.


Ukrainian leader Petro Poroshenko’s ultranationalist goals to clamp down on the people of Eastern Ukraine who wished to retain their Russian culture was quickly reinforced with military action. As thousands of civilians were killed and millions fled the violence, Russia sent a convoy of aid in medical supplies and food. But due to lingering Cold War resentment by the U.S. government, the aid convoy suddenly became a Russian invasion — properly touted as such by every corporate media outlet and, of course, by then-Secretary General of NATO, Anders Fogh Rasmussen, as well as John Kerry.


“Russian artillery support — both cross-border and from within Ukraine — is being employed against Ukrainian armed forces,” asserted Rasmussen in August 2014. This was backed by Kerry, who claimed of the Russian aid convoy in a flagrantly hypocritical statement, “This is an act of aggression that is completely trumped up in terms of in terms of its pretext. It’s really 19th-century behavior in the 21st century … You just don’t invade another country on phony pretexts in order to assert your interests.”



Not only did neither official present evidence of their claims, but the most telling confirmation the contrary was true developed just two days ago with the announcement Rasmussen will now act as “non-staff” advisor to none other than Ukrainian president Poroshenko.


But the public quickly believed the bold-faced lie — precisely as the U.S. assumed it would based on its previous enormous successes in fooling the public by proffering only half- and untruths to promote military action.


Invading Iraq after the attacks of September 11, 2001, received similar public support, when the U.S. hammered its claim Saddam Hussein had been stockpiling ‘weapons of mass destruction’ — despite actual evidence to the contrary from the International Atomic Energy Agency. President George W. Bush later disgustingly, unapologetically quipped during a black-tie press event, “Those weapons of mass destruction gotta be somewhere.”


Muammar Gaddafi’s demise was similarly inevitable when oil-rich Libya moved away from the petrodollar toward the gold dinar. Though Gaddafi indeed headed a dictatorship, the U.S. took propagandizing to new lows by claiming the ‘brutal’ dictator provided Viagra for Libyan troops to perform “systematic rape” of innocent civilians. A reporter who asked for actual evidence of these crimes was directed to International Criminal Court documents — however, of 77 total pages, 17 through 76 were wholly redacted, leaving putative evidence out of public reach. Though the fervent push to set up a central bank in Libya should have clued in the American public, it took the declassification of Hillary Clinton’s notorious emails to break previous pro-war mythology.


After 9/11, the U.S. government waged a disinformation campaign claiming the capture of Osama bin Laden necessitated the invasion of Afghanistan. Further propaganda has since declared the United States is rebuilding the war-ravaged country, but as journalist John Pilger noted, just 3 percent of aid to Afghanistan “is used for reconstruction.”


As James Corbett pointed out in a breakdown of numerous pro-war and pro-military action propaganda campaigns, the U.S. created false or misleading angles to back its interests in the invasion of Grenada, in Vietnam in the Gulf of Tonkin incident, World Wars One and Two, the Spanish-American War, Uganda (with the sham “Kony 2012” pseudo-documentary), and many others.



Recently, renowned journalist Seymour Hersh revealed — despite the U.S. goal of deposing Syria’s president — the Joint Chiefs of Staff indirectly aided Bashar al-Assad’s regime by sending ‘intelligence via Russia, Germany, and Israel on the understanding it would be transmitted to help push back Jabhat al-Nusra and the Islamic State.’


Hersh also claimed the 2013 sarin chemical attack in Ghouta had been staged as an excuse to draw the U.S. into Syria at the behest of Turkish President Recep Tayyip Erdoğan — and that Hillary Clinton had approved sending the deadly chemical to rebels to pull it off. Turkish news daily Zaman later confirmed Hersh’s reports.


In the past month, Wikileaks revealed evidence the latest acting president of Brazil, Michel Temer — installed after a contentious and highly questionable coup — has been an intelligence informant to the U.S.


While Americans continue to believe the troops always fight to preserve freedom, the PATRIOT Act, USA Freedom Act, the worsening Surveillance State, and general curbing of longstanding and natural liberties inside the United States prove otherwise. After all, if freedom really existed, would the U.S. government approve and then consistently reaffirm the right under the National Defense Authorization Act (NDAA) to arbitrarily and indefinitely detain U.S. citizens anywhere in the world without explanation or even counsel?


This Memorial Day, honor those who have died during military service by refusing to buy U.S. pro-war propaganda — no matter how brazen or insidiously subtle it may be. Save the lives of potential soldiers by showing them evidence that what they’re really fighting for has nothing to do with either defense or freedom.


Monday, April 17, 2017

Russia And China Preparing Alternative Banking Architecture


By James Corbett, International Forecaster


It may have arrived with little fanfare, but Russia’s SWIFT alternative has, more or less, arrived. Speaking in no uncertain terms at a meeting with Russian President Vladimir Putin late last month, Elvira Nabiullina, the Governor of Russia’s central bank, stated: “We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative.”




Now this news will be old news to intrepid Corbett Reporteers. My long-term audience will no doubt recall the September 21, 2014 episode of New World Next Week where James Evan Pilato and I covered the Russia/China talks to create both a SWIFT alternative and an independent ratings agency. You’ll also of course recall my March 11, 2015 editorial in these very pages where I discussed then-recent reports that China was ready to go live with its own SWIFT alternative, the Cross-Border Inter-Bank Payments System. For those not following along at home, that system did indeed go live in October of that year, but in a “watered down” form that only accounts for cross-border yuan trade deals, not capital-related transactions.


But for those who are really lost in the woods, let’s go back to my “China’s SWIFT Alternative and the (Engineered) Death of the Dollar” editorial to re-establish just what SWIFT is and why alternatives to it are so potentially important. As I wrote at the time:






For those who don’t know, SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication and is shorthand for the SWIFTNet Network that is used by over 10,500 financial institutions in 215 countries and territories to transmit financial transaction data around the world. SWIFT does not do any of the clearing or processing for these transactions itself, but instead sends the payment orders that are then settled by correspondent banks of the member institutions. Still, given the system’s near universality in the financial system, it means that virtually every international transaction between banking institutions goes through the SWIFT network.

This is why the SWIFT system is so important to the global economy and why it was a significant hamper to the Iranian economy when 30 Iranian financial institutions (including the central bank) were de-listed from the SWIFT network in 2012. And this is exactly why China and Russia have been so keen on setting up an alternative infrastructure of their own, just in case the “completely independent” SWIFT organization acts as a proxy weapon for the US State Department and its pals at some point in the future.


Now this latest announcement about the Russian SWIFT alternative is not new news, per se. The system was already up and operating on a trial basis among “several dozen banks” in 2015. Governor Nabiullina’s latest pronouncement is more of a reassurance that the Russian economy will be able to continue in the event of anything, including a de-listing from SWIFT. As the latest reports reveal, 330 banks are now on the system. What’s more, fully 90% of Russia’s ATMs are now able to accept the Mir payment system, the Russian alternative to Visa and Mastercard.


Now maybe these stories taken by themselves are no big news. But let’s look at them in the context of recent events:


Russia just created its first ever representative office of the Bank of Russia abroad…in Beijing. This move brings Russia one step closer to issuing its own sovereign yuan-denominated bonds.


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Meanwhile the Industrial and Commercial Bank of China is now officially acting as a renminbi clearing bank in Russia, which expands local settlement business in direct yuan-ruble trade and follows Russia’s 2015 inclusion of the renminbi on its official reserve currency list.


Are you starting to see the bigger picture? Again, no one of these stories is a silver bullet, but they’re all related and they all point in the same direction: China and Russia are preparing for the inevitable(?) split with the US-dominated, dollar-denominated, SWIFT-networked global(ist) financial architecture.


Now there are some caveats to this before we start converting all our cash to yuan and moving to Vladivostok. As it turns out, every single one of these moves are either baby steps, the beginning moves that might one day lead to baby steps, or steps backward disguised as baby steps.


Like that Chinese SWIFT alternative, the CIPS system. It was originally being touted as a rival to SWIFT. Then, as we’ve seen, it was “watered down” and became something like an adjunct to SWIFT. Then in March 2016 CIPS actually signed a memorandum of understanding with SWIFT to use SWIFT’s own platform for transmitting its messages. CIPS is now, if not an all-out subsidiary of SWIFT, at least just another one of the 150 or so payment networks that make use of the SWIFT network. So China has actually made no progress whatsoever toward safeguarding itself from a SWIFT de-listing.


And Russia’s newly (re)announced SWIFT alternative? It has some considerable limitations of its own. As RT reports, the system “doesn’t work from 9pm to 5am Moscow time and costs up to five cents per wire transfer, which is regarded expensive.”


And Russia’s Mir payment system? The homegrown Mastercard/Visa alternative that is now readable at 90% of the country’s ATMs? Well wouldn’t you know it, a suspiciously well-engineered virus has just infected the country’s ATM network, causing the machines to release all their large denomination banknotes when a certain code is entered. As Russia Beyond the Headlines intriguingly notes: “The virus does not have a file body, so it is not recognized by antivirus programs. It can therefore exist in the operating memory of an ATM for an unlimited time. It is the first time such a virus has been detected in Russia.”


So it’s not like the path from here to the Sino-Russia (New) New World Order will be all sunshine and rainbows. But who was expecting that? There are very real, very entrenched interests that have everything invested in the current unipolar Bretton Woods system (or at least what’s left of that system), and there’s going to be some very real resistance to whatever is emerging from China and Russia…


…However, as always (and regular readers know what’s coming), we have to be aware, too, that there are other power players whose interests lie in the very conflict between competing world systems that we see emerging. Just as the world of Orwell’s 1984 was divided into “Eurasia” and “East Asia” and “Oceania,” so too are we increasingly being prepared for a NATO bloc / BRICS bloc world. And just as the citizens of Orwell’s fictional world had no way to know if the attacks they were hearing about every day were really coming from their enemy of the week or from their own government, so too is our world fast becoming a nightmare of false flag events and stage-managed conflicts to make sure the ruling oligarchy is never challenged.


As Henry Kissinger once observed: “What we in America call ‘terrorists’ are really groups of people that reject the international system.” Increasingly, that “international system” includes both the NATO/World Bank/IMF/SWIFT nexus of military and financial power as well as its BRICS mirror image counterparts. The “terrorists,” then, according to collectivists like Kissinger, are the people who refuse to be grouped into either of these categories.


This is why we have to understand these moves toward the decoupling of the East and West as attempts to herd the masses into regional blocs as part of a broader scheme of globalization. Whether the end goal of global government is ever openly arrived at or only functions behind the scenes by tacit accord between the supposed rivals (like CIPS and SWIFT or like the BRICS Bank and the World Bank), the end result is the same: you belong to one identity-subsuming collective.


If only there was a way out of this bind.



If only there were ways of transacting with others that bypassed central banks altogether.


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If only there were forms of organization that did not rely on political messiahs to wisely shepherd us into the right flock for the great sheering.


If only we could imagine a world where people could prosper through freedom rather than suffer under oppression.


But nope, I guess that’s impossible. We’ll all just have to rally around the NATO flag or the BRICS flag and defend that decision as if it’s one we made rather than one we were engineered into. Unless we act like the majority and simply accept whatever system is placed in front of us and normalized by the media.


Resistance is futile. You will serve the BRICS. I mean the Borg. Whatever.


Happy banking!


International Forecaster Weekly


You can read more from James Corbett at his site CorbettReport.com, and at The International Forecaster, where this article first appeared.

Tuesday, January 24, 2017

Cashless Biometrics And India’s Demonetization Experiment


By James Corbett


Well, that didn’t take long.


In the wake of India’s demonetization of the 500 and 1,000 rupee notes last November, I wrote an editorial (“Crisitunity in India’s Cash Crunch”) where I noted that one significant reason for the drastic move was the chance to rein in India’s sizable informal economy:



In India, they call cash gleaned from counter-economic activities ‘black money.’ It’s not known to the government, it’s not stored in the banks, and it’s not taxed. In other words, it’s the would-be technocratic overlords’ worst nightmare. It’s impossible to know the size of this ‘black money’ pool (can we call it something cooler, like ‘freedom funds’ or something?) but it has been estimated to be as much as 20% the size of the total Indian economy. Now with the vast bulk of those freely-gotten gains being brought back into the banking system (or exchanged with a valid form of government identification), it will come back under the purview of Big Brother and his friend, Uncle Taxman.




As if on cue, earlier this month the Indian income tax department began asking banks for data on their customers’ bank deposits between April and November of last year so they could better analyze the cash that was being turned in for signs of “suspicious” activity. And now, the latest from the Hindustan Times:



People who deposited huge amounts of cash in their bank accounts after the Centre’s demonetisation exercise may get multiple notices from the Income Tax department through the rest of the year.


The department – which has started sending notices to those who deposited currency over Rs 2 lakh [200,000 rupees, or about US$3000] after November 9 – directed its officials to ensure that “genuine” cases are dissolved at the earliest. Probes would then be undertaken against those found to have “fuzzy” sources of income. The mammoth exercise could go on till the next financial year, sources said.






The article goes on to note that “using risk-based data analytics of cash deposits in bank accounts to distinguish between genuine and not genuine cases, the tax department has become capable of targeting even entry-level operators.” Not only that, but we now learn that “the government has begun analysing deposits in new accounts and loan repayments as well as transfers to e-wallets and advance remittance for imports during the last 10 days of deadline to turn in junked notes.”

In other words, the poorest of the poor and the previously unbanked have now been duly identified and branded as tax cattle, ripe for the fleecing (to mix a metaphor). No surprise there.


Indeed, as Satya Sagar points out in our recent conversation on the demonetization scheme, if this scheme were really about cracking down on so-called “black money,” it’s a colossal misstep. Only 6% of the so-called “black money” is actually held in cash, as those looking to evade the taxman invest it in real estate, gold, or foreign bank accounts, and much of the “illicit” cash that is flowing around the system is used as slush funds, bribes and kickbacks to corrupt politicians.


Instead, this campaign can be seen as an attempt to accomplish, among other things, the identification and registration of the previously unbanked and untaxed masses, and the kick-starting of India’s nascent cashless-payment economy.


The first aim is particularly interesting in light of India’s ongoing efforts to force its 1.2 billion residents into the world’s largest biometric database. And the second aim is particularly interesting in light of Norbert Häring’s recent report on how a little-noticed USAID program seems to have been the “catalyst” for this demonetization experiment:


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Not even four weeks before this assault on Indians, USAID had announced the establishment of ‘Catalyst: Inclusive Cashless Payment Partnership,’ with the goal of effecting a quantum leap in cashless payment in India. The press statement of October 14 says that Catalyst ‘marks the next phase of partnership between USAID and Ministry of Finance to facilitate universal financial inclusion.’



But the effort to biometrically register the population and the effort to transition into a cashless economy are, in fact, intimately related. As Häring notes, Alok Gupta, Catalyst’s “Director of Project Incubation,” was an original member of the team that developed Aadhaar, the Indian government’s biometric identification system. And wouldn’t you know it, the latest word from the World Economic Forum at Davos is that India is going to skip right over card-based cashless payments and go straight to biometric e-payments. According to biometricupdate.com:



The chief executive of India’s leading economic development agency told attendees at the World Economic Forum in Davos that the country could introduce biometric payments within three years, thereby eliminating the need for cash and typical electronic payment methods, including: automated teller machines, along with debit and credit cards.



That’s right, Amitabh Kant, the head of the National Institution for Transforming India, a government-run policy institute, told the assembled globalists at Davos that India would leapfrog straight over the card-based economy and into the world of biometric payments. As he was creepily quoted by CNN: “Each one of us in India will be a walking ATM.”


This is the direction that things are going in India. And, as I will discuss later this week on The Corbett Report, what is unfolding right now in India is no more than a test run for what will soon be implemented around the world should the globalists get their way.


You can read more from James Corbett and see his videos at The Corbett Report, where this article appeared.


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Tuesday, November 22, 2016

Nomi Prins Explains The Central Bankers’ Game of Thrones


By James Corbett


Today James talks to Nomi Prins, author of books like All The Presidents Bankers, about her recent article “The Central Bank Power Shift from West to East, Game of Thrones Style.” We talk about the changing economic and monetary landscape and how the locus of central bank power is shifting to the East, with players like the People’s Bank of China gaining in prominence and former US/EU lapdogs like the IMF becoming brokers for these new power players in the new world financial order.




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