ECONOMY MONEY AND BANKING

Billionaire Banker David Rockefeller, Former Head Of Chase Manhattan, Dies At 101

David Rockefeller, the famous banker and philanthropist with the family name that controlled Chase Manhattan bank for more than a decade and wielded vast influence around the world in the world of finance, has died on Monday morning at his home in Pocantico Hills, N.Y. He was 101.
READ MORE: http://www.zerohedge.com/news/2017-03-20/david-rockefeller-former-head-c...

Australia: Unemployment Rising, Underemployment Skyrockets

Professor Buchanan said Australia has one of the highest levels of part-time work anywhere in the OECD.

"People say that is a sign of how flexible our labour market is and people are getting more work life balance. But Australia also has one of the highest levels of underemployment – people who are part-time unemployed."
READ MORE: http://www.canberratimes.com.au/business/workplace-relations/underemploy...

Spain Sets Precedent — Charges Its Central Bankers in Court

First, Iceland, and now Spain has taken on the Big Bankers responsible for financial calamity, as the country’s highest national court charged the former head of Spain’s central bank, a market regulator, and five other banking officials over a failed bank leading to the loss of millions of euros for smaller investors.

This, of course, markedly departs from the mammoth taxpayer giveaway — commonly referred to as the bailout — approved by the U.S. government ostensibly to “save” the Big Banks and, albeit unstated, allow the enormous institutions to continue bilking customers without the slightest fear of penalty.
READ MORE: http://www.activistpost.com/2017/02/spain-sets-massive-precedent-charges...

The Davos Plan For Your Cash and Bitcoin

The war on cash is a war to eliminate physical money and drive all currency exchanges into the digital realm. For some bitcoin enthusiasts, this signals greater legitimacy and wider adoption. But for the war on cash to achieve the goals desired by states and central banks, the digital realm must be under state control and tightly monitored by authorities. Bitcoin, as a vehicle of personal freedom and independence, will be driven underground or gutted by regulation.
READ MORE: https://news.bitcoin.com/davos-plan-cash-bitcoin/

Trump Hearts Goldman as the Bank Continues Its Washington Conquest

Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest cabinet in American history, he proclaimed, “For too long, a small group in our nation’s capital has reaped the rewards of government while the people have borne the cost. Washington flourished — but the people did not share in its wealth.” Under Trump, an even smaller group will flourish — in particular, a cadre of former Goldman Sachs executives. To put the matter bluntly, two of them (along with the Federal Reserve) are likely to control our economy and financial system in the years to come.
READ MORE: http://www.nakedcapitalism.com/2017/01/nomi-prins-trump-hearts-goldman-b...

The whistleblower who exposed a billion-pound scam by HSBC claims the media has now gagging him

A whistleblower who exposed millions of pounds of “unreasonable” customer charges by HSBC says he feels “vindicated” after the bank agreed to finally redress affected customers. But speaking exclusively to The Canary, the man at the centre of the storm insists that mainstream media outlets have repeatedly “gagged” and “ignored” him. And he believes a “cover-up” of what he considers fraud amounting to £1bn by HSBC goes all the way to the BBC and David Cameron.
READ MORE: http://www.thecanary.co/2017/01/24/whistleblower-exposed-billion-pound-s...

Controlling your own wealth as a basic human right

A few months ago, the Indian government withdrew 86% of banknotes in circulation. Ostensibly, it was to cut down on the black market economy and tax cheats, but it also wiped out a large percentage of the wealth of the poorest people, who hold their wealth in cash. A few weeks later, Venezuela followed with a similar measure.
READ MORE: https://blog.coinbase.com/controlling-your-own-wealth-is-a-basic-human-r...

Hackers Predicted to Cause Global Chaos in 2017

The head of LogRhythm also said the issue of "fake news" will only get worse this year, with hackers targeting major media sites.

"The power of influence is starting to shift away from mainstream news outlets, and I don’t think that is something those mainstream outlets can afford to let happen. They will respond to the fake news threat by trying to implement some level of media control that will likely take it a little too far," he said.

"I think hackers, in the name of protecting our freedom of speech, will retaliate by knocking down a major media outlet or two."

LogRhythm’s Australia and New Zealand director of sales Simon Howe has predicted that ransomware on mobile devices will become far more prevalent in 2017.
READ MORE: https://www.rt.com/business/372707-internet-shut-down-2017/

Finland trials basic income for unemployed

Finland has become the first country in Europe to pay its unemployed citizens an unconditional monthly sum, in a social experiment that will be watched around the world amid gathering interest in the idea of a universal basic income.
READ MORE: https://www.theguardian.com/world/2017/jan/03/finland-trials-basic-incom...

A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington's role has been disguised only very superficially.
READ MORE: http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in...

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