ECONOMY MONEY AND BANKING

People working in low paying, unstable jobs show more signs of chronic stress than their counterparts who remain unemployed

For the unemployed, finding a job can be a path to improved mental health, but only if it’s a good one, a recent study finds. Researchers tracked 116 British adults who were unemployed in 2009-2010. Those who found good jobs enjoyed improved mental health outcomes, while those who found jobs that were stressful, poorly paid, or unstable saw no improvement. In fact, the physical indicators of chronic stress were even higher in people working in bad jobs than in those who remained unemployed. We spoke with study author Tarani Chandola, a medical sociologist at the University of Manchester, about the study.
READ MORE: https://www.researchgate.net/blog/post/having-a-bad-job-may-be-worse-for...

Commonwealth Bank accused of money laundering and terrorism-financing breaches

Australia’s financial intelligence agency suing bank for 53,700 breaches of laws, which it accuses of failing to report properly on $77m worth of suspicious transactions
READ MORE: https://www.theguardian.com/australia-news/2017/aug/03/commonwealth-bank...

Vladimir Putin Is Getting Interested in Bitcoin's Biggest Rival

Ethereum, the world’s largest cryptocurrency after bitcoin, has caught the attention of Vladimir Putin as a potential tool to help Russia diversify its economy beyond oil and gas.

Putin met Ethereum founder Vitalik Buterin on the sidelines of the St. Petersburg Economic Forum last week and supported his plans to build contacts with local partners to implement blockchain technology in Russia, according to a statement on Kremlin’s website.
READ MORE: https://www.bloomberg.com/news/articles/2017-06-06/putin-eyes-bitcoin-ri...

More fake news from the mainstream

The Nation has published an article titled "The Rock-Star Appeal of Modern Monetary Theory" and in the article it is stated "The possibility of a $1 trillion coin represented more than mere monetary sophistry: It drove home their foundational point that fiat currency is a social construct, and that there are therefore no fiscal limits on how much a sovereign currency-issuing nation can spend".

That line about "a sovereign currency-issuing nation" is interesting as it gives the impression that America is one such country. America is not a sovereign currency-issuing nation however. America's money is printed and issued by the "Federal Reserve", a privately owned bank. There is nothing Federal about it, IT IS NOT OWNED OR CONTROLLED BY THE GOVERNMENT OR THE AMERICAN PEOPLE.
READ THE ARTICLE: https://www.thenation.com/article/the-rock-star-appeal-of-modern-monetar...

MasterCard launches Credit Card with Built-In Fingerprint Scanner

MasterCard has unveiled its brand new payment card that has a built-in biometric fingerprint scanner, allowing customers to authorize payments with their fingerprint, without requiring a PIN code or a signature.

If you want the new biometric card, you are currently required to go to your bank branch in order to have your fingers scanned and registered for the new tech. Your fingerprints will then be converted into an encrypted digital template that is stored on the card's EMV chip.

You can save up to two fingerprints, but both would have to be yours — you can not authorise someone else, even from your family, to use your card with their fingers.
READ MORE: http://thehackernews.com/2017/04/mastercard-fingerprint-payment-card.html

Libor: Bank of England implicated in secret recording

A secret recording that implicates the Bank of England in Libor rigging has been uncovered by BBC Panorama.

The 2008 recording adds to evidence the central bank repeatedly pressured commercial banks during the financial crisis to push their Libor rates down.

Libor is the rate at which banks lend to each other, setting a benchmark for mortgages and loans for ordinary customers.
READ MORE: http://www.bbc.com/news/business-39548313

Have Goldman Sachs & The Deep State Taken Over The Trump Administration?

The writing is on the wall and the message is not good. Trump will likely expand the war in Syria and increase tensions with Russia. The American empire is likely to implode under Trump’s watch, as he once again betrays many of the people who voted for him.

Hillary or Trump, we’d be getting the same thing. We had no real choice, and empires don’t reform. Prepare for impact. – From: The Imperial War Machine Marches Forward Under Donald Trump
READ MORE: http://www.thelastamericanvagabond.com/government/goldman-sachs-deep-sta...

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