News & Analysis
Money Control Around the World
Argentina's lower house of Congress approved money-laundering legislation just weeks ahead of an international review of the country's anti-money laundering and terrorist financing controls. The bill, which enjoyed the backing of President Cristina Fernandez, was passed with 181 votes in favor and 7 abstentions late Wednesday night, according to the lower house's website. The bill now moves to the senate, which is expected to pass the legislation before the end of the month. The Financial Action Task Force – whose 34 member nations include the U.S. – has given Argentina until its next plenary meeting in June to demonstrate its commitment to beefing up its measures against money laundering and terrorism financing following a damning report published last year by the organization. – Dow Jones
Dominant Social Theme: It is necessary to control money and banks for the good of everyone. If fingerprinting is intrusive, we shall use retinal scans.
Free-Market Analysis: What's wrong with anti-money laundering legislation? Plenty if one is oriented toward libertarianism and free-market thinking. Drug-laws and central banks are the two main tools that the Anglo-American power elite is using to control the flow of money around the world and one can see these tools being applied in Argentina. The Financial Action Task Force (see article excerpt above) is increasingly active in demanding that countries control currency with great strictness.
Money is power, in fact, and it is why it's being evermore tightly controlled. In many countries now one has to apply for residency in order to open a bank account. And business accounts can take up to six months to open. Increasingly countries and businesses are making it more and more difficult to take dollar-denominated currency out of banks by refusing to provide US$100 bills. Instead the largest sized bill that can be provided when withdrawing larger sums is US$20.
Fingerprints are being demanded at grocery stores when one wants to use a US$100 bill rather than a credit card. None of these practices are advertised in the US of course where they would be greeted with indignation. They are applied mostly in developing countries so as to effectively impede the flow of currency and to set a precedent that can then be expanded to the West. Here's some more from the Dow Jones article:
Countries that fail to implement FATF's recommendations run the risk of being labeled as high-risk or noncooperative jurisdictions. That can make it more costly and difficult for a nation to conduct business with the financial systems of FATF compliant countries ... Since the beginning of the year, Argentina's financial crimes agency, UIF, has issued no fewer than 22 new regulations aimed at improving the reporting and documentation requirements for real estate and financial transactions in response to the FATF's observations.
From this article excerpt, we can see that Argentina has taken action to tighten currency regulations even without legislation. And there is an impetus to do so since the FATF is yet another unknown organization supported by the world's most powerful countries that will not hesitate to levy sanctions on nations that do not abide by FATF demands. This sort of regulatory blackmail is increasingly common these days. It is a way of creating global governance without the formal superstructure.
Of course one could be forgiven for wondering why the FAFT is needed when central banks themselves are doing a good job of regulating money and banking practices. While central banking policies are generally ruinous via price fixing of interest rates, etc., what is far less well known is that central banks virtually set economic policy around the world. If the Anglo-American elite wants to create a formal financial policy, it can do so through the 90-plus central banks that are now under the umbrella of the Bank for International Settlements.
The various currency control methodologies now being applied are certainly discouraging from a freedom perspective. As they affect everyone, their impact on actual money laundering is minimal. In Kenya for instance, parts of Nairobi are undergoing an incredible building boom with malls and commercial towers being built one after the other. Turns out in fact that the boom is being fueled by Somali "pirate" money, which is being laundered through the rampant construction.
This is just one example of how easily funds are laundered in the modern age. Currency controls affect those who do not have the resources or the intent to wash funds in a sophisticated manner. The ever-more restrictive bank initiatives have more to do with tracking transactions than with catching drug smugglers. The idea obviously is to force people to create exact records of their transactions via credit cards or non-bank facilities such as Western Union, which also now routinely fingerprints individuals around the world.
The power elite operates in secrecy and that secrecy has been blasted open by the Internet Reformation in the 21st century. But there are still plenty of elements of global governance that are being erected around the world without any reporting or commentary. The drug war itself is a ludicrous, doomed struggle, but the elites continue to criminalize drug use because it gives authorities the justification to control currency and demand invasive record keeping.
Central banks are seen as policy-oriented monetary mechanisms but few understand the power they have gained around the world. Many central banks implement invasive economic and record-keeping practices for average citizens without the input of the state itself or state representatives. These central banks may be more influenced by the BIS (controlled by Western elites) than local lawmakers.
We have reported in the past about the various elements of world government being put into place by Anglosphere powers-that-be. NATO's mission seems globalized these days and the UN is increasingly active and militaristic, especially in developing nations. African leaders, especially, are routinely hauled before the International Criminal Court (ICC). But the advance of currency controls around the world and the increasingly restrictive rules affecting both commercial banks and savings banks are perhaps the most startlingly new-era phenomenon.
Conclusion: The recently announced Argentinean currency controls and the legislation now being voted on may seem to be an individual response to an individual problem, but it is not. Anglo-American Money Power has turned the often-harmless and historical ingestion of mood-altering drugs into a fear-based dominant social theme that is evidently and obviously part of a much larger plan to harmonize currency controls around the world. Combine currency controls with increasingly invasive visa and passport practices and one begins to see a clear pattern of control being implemented worldwide. The world is shrinking, but not in a good way.
Posted by Fakundom on 05/18/11 11:39 AM
Rosario was Che guevara birthplace :( Here socialism is high fashion).
I just only need to know where. Obviously the answer is not that simple anyway I have to choose what to do. After that, I know, I will have to face a lot of challenges, I don't care about all sacrifices that I have to take. I will do whatever is required to find my place in the world! I know that everything has a price and I'm willing to pay, but even so, It is too hard to take a correct decision.
Posted by 4irw4y on 05/16/11 08:39 PM
cat writer, hi,
please be sure to agree that it must be a man as a head of the community you mean; I believe that headless community is possible only temporary irl. And the problem of the exact finding/recognising that man isn't solving as easy as it may seem to anyone standing yet far from ideas like the one that you brought into discussion.
If you know any good young man of royal traditions, one could be an ideal choice, methinks.
Posted by cat writer on 05/15/11 10:51 AM
What we all need is to create our own community. The word that comes to mind is "phyle". I would regard it as Judaism, Version 2.0. The improvements would be that we would keep things simple and free. We would get rid of God and stand alone and together in the universe.
I say this because most live in the shadows of others and create their own shadows, projecting them on others. What is worse is that these people think of themselves as "enlightened" and have devised all sorts of ways to force everyone else to conform to this delusional thinking. (Living in the United States has made me an expert on this process.) This is irresponsibility.
(I am acting too Jung for my age here.)
Freedom is impossible without individual responsibility. That is a cultural matter, and governments come from a certain culture.
Wasn't Rosario Evita Peron's hometown? An acquaintance of mine described Argentina as a mass of spoiled Italians (sorry, that is not my quote). There are behavior patterns in Argentina that need changing, and I do not believe that Doug Casey can accomplish that all by himself. Argentines and everyone else on this planet has to have some motivation to change, and often that motivation comes at a crisis point where the alternative is death.
So I would not expect much from the neighbors or the people living around you. Just capitalize on what values they have to offer, and trade and interact with them as necessary.
As far as finding a better environment, that is a challenge. First, you have to understand that countries are giant holding pens for people. We are nothing more than cattle; passports function like ear tags.
So immigrants need to justify staying in another country: study, work (if permitted), marriage. (For all I know, you could get another passport by being a descendant of an Italian, Greek or Irish.) This requires research.
On the other hand, all of this means nothing if you are not part of a community, even one transcending borders. If you are not comfortable with the term "new Jew", instead use the example of the overseas Chinese, some of whom created Singapore and other enclaves in Malay lands.
I have spent a fair amount of time reading the feedback here and it is clear that there are some people whom I would like to meet and get to know personally. We cannot stand unless and until we stand together.
Perhaps the elves can come up with ideas.
Posted by Wayne on 05/13/11 02:25 AM
What is the sound of two bullmoose playing pattycake?
Posted by Wayne on 05/13/11 01:53 AM
Or a Dane that thought it was a Moose?
They are the worst!
Posted by Wayne on 05/13/11 01:51 AM
Was it a Danish Moose, or a moose that thought it was a Dane?
Posted by Zenbillionaire on 05/13/11 01:24 AM
"The Danes killed our Queen Gunhild. "
Damned Danes. You know, a Moose once bit my sister...
Posted by Wayne on 05/13/11 12:30 AM
So to sum it up, The some Europeans kidnapped both our Queen Astrid and the baby warrior king, Olaf Trygvesson some yime between 800-1200.
And the Danes killed our Queen Gunhild sometime around 1003.
That's all on this for now!
Posted by Wayne on 05/12/11 11:02 PM
Oops a better link
"One of those killed was Gunhild - the sister of Swein Forkbeard - who returned in 1003 on a punitive expedition. Swein had not only gained the throne of Denmark, he had also defeated Olaf Tryggvason and seized control of Norway. For the next ten years, Swein attacked England repeatedly - sacking Norwich in 1004 and murdering Ælfheah, Archbishop of Canterbury in 1012."
Click to view link
Posted by Wayne on 05/12/11 10:56 PM
Ah Ha! Found it.
The Danes killed our Queen Gunhild.
Click to view link
Posted by Wayne on 05/12/11 09:46 PM
Sry about that
Actually it was kidnapped, not killed.
Anyway apparently some Europeans operating out of Estonia somewhere between "800-1200 A.D. Raids and counter-raids by Vikings around the Baltic Sea, including by Estonian Vikings. Most famous of those events is when Estonians kidnapped the Norwegian Queen Astrid and her son and future King, Olaf Trygvesson."
Click to view link
Admittedly this gets a little sketchy here as much Norsk history comes from the Icelandic Sagas.
Personally, we were doing fine until we all got Daneized.
PS I'm primarily Norsk, and mother never let me forget that fact!
Posted by Zenbillionaire on 05/12/11 08:24 PM
" you guys killed our Queen, and we still haven't forgotten that."
You lost me there Wayne. Who was the Queen?
Posted by Wayne on 05/12/11 07:26 PM
Yep, the headless herd.
Scary when you think about, because most never think about anything, but just react instead.
As to monarchies, you guys killed our Queen, and we still haven't forgotten that.
Posted by Bischoff on 05/12/11 05:58 PM
A very good analysis of the ungoing attempt to control the world population.
What is the antidote? How can people return to freedom and liberty for themselves and their progeny?
Americans can start by insisting that the 17th Amendment be repealed. The repeal of the 17th Amendment will restore the American Republic of 1789.
Thereafter, it is necessary to repeal the 16th Amendment to lift federal tax burdens from Labor and Capital. States will determine the tax to be collected to pay for government at all levels. The most productive tax is a land rent or land value tax applied at the local level. Any state which fail to apply this kind of tax will do so to its economic detriment.
Lastly, The U.S. Congress has to strip the "irredeemable" Federal Reserve Note of its "legal tender" protection by repealing Paragraph 5103 of USC31. Thereafter, the states will again be in the position to charter "commercial banks" to create a redeemable currency under the Real Bills Doctrine, returning the gold standard.
That's it. That's all that is needed. Can it be done...??? I hope so....
Posted by Zenbillionaire on 05/12/11 04:31 PM
"I consulted at the BIS in Basle for a year"
I worked down the road from you in Dornach. I love the Jura in the Fall, the Barfüsserplatz in Spring. I climbed Pontresina and ended up in St. Moritz one day. I will always love Switzerland.
Posted by Zenbillionaire on 05/12/11 04:22 PM
Kind of like chickens. Ever notice that a head is optional equipment on a chicken? With enough effort you can keep them alive indefinitely, no head required. Grisly but true.
I think the explanation of Norway and Sweden might go something like this: The monarchy is paid by the people to protect them from foreign elite, the same way you might hire a lawyer to defend your business against marauding thieves. The people limit the size of the Monarchy to immediate family, so the unchecked growth of national government is naturally controlled. In return for a very secure income, the monarchy defends the country. If push comes to shove the people drag out the pitchforks and defend the monarchy. In good times, the people do pretty much as they please, the monarchy like that, and life is good.
Am I becoming a monarchist?
Posted by Jennifer on 05/12/11 04:15 PM
I have too, and fondue...
Interestingly, I consulted at the BIS in Basle for a year. My husband would drive me to work and announce "Off you go, into the belly of the beast." I didn't understand that statement until I had been living in the USA for about 2 years. I wish I had known then what I know now.
Posted by Zenbillionaire on 05/12/11 04:03 PM
"I wonder if leaving was the right decision?"
I have learned to make Raclette. It helps.
Posted by Jennifer on 05/12/11 03:33 PM
Ha, ha, I lived there for several years and bought the book 'Ticking Along With The Swiss' - it was much needed to survive, although now living in the USA, I wonder if leaving was the right decision?
Posted by rossbcan on 05/12/11 03:14 PM
"Off with you head."
Don't worry, 95% of humanity does not appear to notice the absence:)