Negative interest Rates and the Cashless society

The cashless society

Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are moth-eaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. You have heaped treasure together for the last days. Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabbath. You have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. You have condemned and killed the just; and he doth not resist you.

Bitcoin , I-pay , you-pay we pay, we all pay! So why do they want a “cashless society” ?

We will call the “fed” a central bank as they are all the same scumbaggery.

The scam goes like this; Quantitatively eased currency allows those closest to the central bank to borrow at almost a zero interest rate. The large financial investors and corporatism buy back their own stock and shift assets. This props up the stock market which seems wonderful and the zombies think everything if all fine and dandy. A strong market pushes up the long term bond rates and yields lower But in order to keep the scam going or the currency flowing a differential ( entropy) needs to exist. The interest rates go negative, this is supposed to encourage “spending”.

Banks that keep “reserves” at the central bank now have to pay to keep their reserves at the bank. The theory goes that this will force banks to lend which boosts consumption and promotes growth.

Not so fast; Richard Werner the economist points out, banks can’t and don't lend out the reserves they have to keep at the central bank ( by laws banks are required to keep 9% or 10% as reserves ). So negative interests now become, effectively “a tax”. A tax which banks bear or more likely pass on to their customers. This puts pressure on the margins of the smaller banks which tend to be the “productive lenders in the economy. Large financial institution tend to concentrate in large market speculations that have higher yields. This forces the smaller banks to nickle and dime their way or merge. Leaving central bank as the only bank in town.

With large financial institutions focusing on speculation and the productive lending sector feeling the squeeze. The economy slows companies and banks fail. Governments need a mechanism to counter a run on the bank which in the past were devastating to financial systems and damaging to the wealth of nations. Those mechanisms are called “bail-ins”, your money becomes an unsecured asset. No point in you going to the bank to get your money. Friday all was well .... Monday morning your savings were gone. Cashless.

So cash is no more.

Central banks go negative. This puts the squeeze on the small retail banks, who then start to nickle and dime the customer. This makes the small retail banks noncompetitive. Productive lending shrinks , the real economy shrinks. So the people complain and take their money and try to get ahead by asset purchase, speculation and bubble timing.

So as the real economy decreases, the financial economy increases. Large financial banks speculate and move large amounts of currency ( energy ) through the system ( markets) creating bubbles and mis-priced markets.

The market crashes. Big banks ask for a “bail out”. Central banks refuse. Big banks consolidate ( Lehman?) leaving only the central bank and the only bank in town with total control of money and credit. Amschel Rothschild famously said “ Permit me to issue and control the money of a nation, and I care not who makes its laws!”

However Central banks may not have it their own way , I-pay you-pay google-pay we all pay bit-coin and all the other crypto-currency is private companies offering digital currency. This takes the power of currency away from the central banks. Scumbaggery do not like their toys being compromised, The toys start coming out of the cot.

In 2019 Mark Carney gave a Guildhall speech entitled “ we need a new financial system to stop climate change” . I kid you not.

Fifty shades of green.

Snip “A 2018 Intergovernmental Panel on Climate Change report stresses that we have only 12 years left to stop runaway climate change. That is two average business cycles, 12 IMF annual meetings, 48 meetings of the Bank of England’s Financial Policy Committee. But currently the world is moving in the wrong direction: global energy emissions increased 1.7 percent last year. To limit warming to 1.5˚C requires a 45 percent decrease by 2030 and net-zero emissions by 2050.

The changes needed to keep warming below 1.5˚C are enormous: massive reallocation of capital is needed, which presents unprecedented risks and opportunities. The International Energy Agency estimates that a low-carbon transition could require $3.5 trillion in energy sector investment every year for decades—twice the current rate. Under the agency’s scenario, in order for carbon to stabilize by 2050, nearly 95 percent of the electricity supply must be low carbon and 70 percent of new cars electric, and the carbon dioxide intensity of the building sector must fall 80 percent.
For markets to anticipate and smooth the transition to a net-zero world, they need the right information; proper risk management; and coherent, credible public policy frameworks.
Here’s how.
A new finance;
A new, sustainable financial system is under construction. It is funding the initiatives and innovations of the private sector and amplifying the effectiveness of governments’ climate policies—it could even accelerate the transition to a low-carbon economy.

Snippity snippity snip; as most of it is just waffle; … “A financial market in the transition to a 1.5˚C world is under construction, revealing the likely future cost of business and payment for emissions, but we need to move much faster.

Now it’s time for a giant step to bring the reporting, risk management, and return optimization of sustainable finance into everyday financial decision making.
Ultimately, the speed with which the new sustainable financial system develops will be decided by the ambitions of government climate policies.”
more snippity; Financial markets increasingly recognize sustainable investment as a new horizon that opens up enormous opportunities ranging from transforming energy to reinventing protein.
With an estimated $90 trillion in infrastructure investment expected between 2015 and 2030, smart decisions today can ensure investment that is both financially rewarding and environmentally sustainable.
The green bond market offers investors stable, rated, and liquid investments with long duration. For issuers, green bonds are a way to tap the huge $100 trillion pool of long-term private capital managed by global institutional fixed-income investors. The shift to capital markets from banks will also free up limited bank balance sheet capacity for early-stage project financing and infrastructure lending. However, while they are important catalysts, specialist investments like green bonds will not be sufficient to finance the transition to a low-carbon future. They accounted for only 3 percent of global bond issuance in 2018.

In 2019 wildfires swept through Australia. Millions of acres were destroyed and sadly people died. One of the most unusual difficulties people face was power outages. The Canberra times reported on a town called Milton where confusion descended and people were thrust back into stone-age when the power failed.
More Snippity snip; “Customers queued outside Milton's IGA to buy food and water as the district went without power on Wednesday.
The supermarket was letting in one customer at a time and limited the amount of items they could buy to six during the outage. Milton IGA co-director Shane Wilson stood at the head of the line, waving customers through as others left with food.
"As you can understand it's just like a cave in there so we've got staff with a torch walking around, just doing a dollar value on what they buy," he said."We're just limiting [items per customer] so we can let more people through."I think we're in this situation for a couple of days." Customers paid in cash only and staff calculated their totals using calculators.”

Well how do we wrap this up.?
We have the destruction of society through Hegelian dialectics, Frankfurt school satanism, a dysfunctional educational system and a corrupt media.
We have a centralization of the banks and the calls for a green bond cyrpto-currency . He who controls the currency controls the people. The UN technocracy inc. agenda to get the stupid into “smart cities” with the control of food and energy and water through the margin manipulations of smaller enterprises. Energy control through the failure mode of alternative energies. Water through privatization. If the people realize, and a few will!. The guns and the means of revolt will have been removed .
The Breton woods agreement .followed WW2. WW2 followed a world wide depression, famines in Japan, dust bowls in America , wildfires in Australia and Steinbeck writes a book, “grapes of wrath”.
WW2 was fought over energy and financial independence. Unless the scumbaggery can find a new “ dotcom” to kick the can down the road, long enough for the “boomer bubble” to pass. History will be fated to repeat. To shift a global paradigm you need a global event. 1971 .

Australian fires.

 Australian Bushfires

  

 Im not going to say anything , just copy and paste the data from the official websites and will leave the reader to draw their own conclusions.
Some maths;
Specific Heat Capacity (C or S ) - The quantity of heat required to raise the temperature of a substance by one degree Celsius is called the specific heat capacity of the substance. The quantity of heat is frequently measured in units of Joules(J).
     Another property, the specific heat, is the heat capacity of the substance per gram of the substance. The specific heat of water is 4.18 J/g° C.
q = m x C x (Tf - Ti)
q = amount of heat energy gained or lost by substance
m = mass of sample   C = heat capacity (J oC-1 g-1 or J K-1 g-1)  Tf = final temperature   Ti = initial temperature

q = m x C x (T_f - T_i)

Specific heat of some gasses
Substance     C  (J/g oC);
 Air    1.01    Aluminum     0.902     Copper     0.385    Gold     0.129   Iron     0.450   Mercury     0.140
 NaCl     0.864    Ice     2.03  Water     4.18  Blast furnace gas  1.03   Carbon dioxide  CO2 0.844       Carbon monoxide CO  1.02


 

Before we actually move on to actually look at the Australian fires lets look at a castle in England and a castle in Australia .

 Harlech Castle (Welsh: Castell Harlech),
    located in Harlech, Gwynedd, Wales, is a Grade I-listed medieval fortification, constructed atop a spur of rock close to the Irish Sea. It was built by Edward I during his invasion of Wales between 1282 and 1289 at the relatively modest cost of £8,190 notice it was designed to be re-supplied BY SEA.

Good luck with that now!

Now lets move on !   Australia. According to the New Zealand Herald ( newspaper).  this is all climate change nothing to do with the 100 arsons, council ineptitude (e.g. banning fire breaks), fire department funding slashes, spending on war and spy toys not critical local infrastructure, ignoring indigenous habits learned over 50,000 year, Antarctic draft – a non climate change phenomenon, flammable retardant in rain making aerosols (used ironically to fight fires), water sold off to water miners (instead of used for local purposes such as combating drought and fire), a seventy year weather cycle that has brought major fire crisis after major fire crisis since Australia European colonisation.
    Or a naturally occurring solar cycle, or the mass rape of Australia water supply (such as the Murray Darling basin fiasco) were through bipartisan (corporate backed lobbyist) permitted water harvesting and private dams the valley has being pushed into a drought that is entirely man made."
A study on temperature  reveals;

VICTORIA’S HIGHEST TEMPERATURE ON RECORD, 123.5°F (50.8°C),
AT MILDURA, ON 6 JANUARY 1906 – BUT IS IT VALID?
Harvey Stern* 1 , John Cornall-Reilly 1 , Patrizia McBride 1 , and Adrian Fitzgerald
Bureau of Meteorology, Australia    La Trobe University, Australia

Cubbie Station, the largest irrigation property in the southern hemisphere, is located near Dirranbandi, in south west Queensland, Australia. The station comprises 93,000 hectares (230,000 acres) and is operated by CS Agriculture, a joint venture between Macquarie Infrastructure and Real Assets (MIRA) (49%) and Shandong Ruyi (51%), a textile manufacturer owned by investors from China and Japan.  ( this water is coming from where ?)  This is just a small example. We forget about fracking , private dams and the under funding of the fire services
Quote "

As Prime Minister Scott Morrison offers thoughts and prayers to those ravaged by severe bushfires across NSW, let’s not forget that his Liberal Party colleagues in the state government slashed tens of millions of dollars from state fire services just this year.
In the latest state budget, $12.9 million in expenses was cut from Fire & Rescue NSW, while the Office of NSW Rural Fire Services — a service run by volunteers — lost $26.7 million in expenses.
Byron Bay, which is currently being torn apart by fires, was also promised $5.85 million for a new fire station in Kingscliff. The funding has yet to arrive.
The cuts were all part of a larger $3.2 billion shake-up in the public sector, which saw thousands of jobs, bonuses and long-service leave entitlements lost.
Here are some of the ways state fire services could have spent those missing millions.

    The annual salary of 488 qualified firefighters, or 384 station officers
    Almost 70 new “Class 3 Pumper” trucks, heavy fire engines for both metro and regional areas which cost around $580,000 each
    115 4WD fire trucks to reach fires in difficult terrain, worth $350,000 each
    Almost 50,000 fire-protective helmets at $818 each
    123,100 flame resistant rescue coveralls at $329 each
    10,739 gas exposure testing kits at $3,771 each
    The annual salary of 260 superintendents, or 241 chief superintendents."

they even call it the fire season! 
From Wikipedia: The record for the longest heat wave in the world is generally accepted to have been set in Marble Bar in Australia, where from October 31, 1923 to April 7, 1924 the temperature broke the 37.8 °C (100.0 °F) benchmark, setting the heat wave record at 160 days.!  ( The Marble Bar heatwave, 1923-24
source: http://www.bom.gov.au/lam/climate/levelthree/c20thc/temp1.htm  notice if you click on this link  the page has been removed .)
    CO2 was 305 ppm at the time. Imagine the press coverage if this happened now.                          

From The Australian Bureau Of Meteorology:
1897-1898: On Red Tuesday, 1 February 1898 in Victoria 260,000 hectares (640,000 acres) were burnt, 12 people were killed and 2000 buildings were destroyed (DSE 2003b).
 During the 1925–26 Victorian bushfire season a series of major bushfires occurred between 26 January and 10 March 1926 in the state of Victoria in Australia.[1][2] A total of 60 people were killed with 700 injured, and 1000 buildings and 390,000 ha were destroyed across the south-east of the state.
On 14 February, later referred to as Black Sunday, bushfires swept across Gippsland, the Yarra Valley, the Dandenong Ranges and the Kinglake area. The fires had originated in forest areas on 26 January, but wind gusts of up to 97 km per hour led to the joining of the fire fronts on 14 February.  In the Warburton area alone, 31 deaths were recorded including 14 at Wooley's Mill in Gilderoy, 6 at Big Pats Creek and 2 at Powelltown.  Other affected settlements included Noojee, Erica and Kinglake, where St Mary's Church and Thompson's Hotel were amongst the buildings destroyed.

1850-1851: The Black Thursday bushfires of 6 February 1851 in Victoria, burnt the second largest area (approximately 5,000,000 hectares (12,000,000 acres)) in European-recorded history and killed more than one million sheep and thousands of cattle as well as taking the lives of 12 people (CFA 2003a; DSE 2003b).
There is many many more examples of fraudulent mis-reporting. Here you can see the news reporter standing in front of the map HIDING the temperatures in that region






      
   ( easy to check  just go to http://www.bom.gov.au/climate/data/index.shtml )




and from the state of Victoria government website;
Date    Name             Acres burnt     Deaths
1851      Black Thursday     5,000,000     12
1898      Red Tuesday      260,000      12
1939      Black Friday     2,000,000     71
1944      -     1,000,000     32
1983      Ash Wednesday     150,000      47
2002-2003      Alpine Fires     1,300,000     
2006-2007      Great Divide Fires     1,200,000     1
2009      Black Saturday     450,000     173
Im not going to give you a wrap-up, I will leave this to your own good-self.   I will however say that the news uses techniques to represent data which may lead the viewer to a erroneous conclusion.



Name                         Date    Died        note
Black Thursday bushfires     1851     12     One million sheep and thousands of cattle   
Red Tuesday bushfires     1898     12     Two thousand buildings.   
Cyclone Mahina     1899     300-410       
Black Sunday     1938     5         A rough surf pulled in swimmers at Bondi Beach, Sydney, leading 245 people saved with 60 receiving treatment and 35 revived from unconsciousness.[1]
Black Friday bushfires     1938-39     71     3,700 buildings.   
Sydney hailstorm     1947     0     45,000,000 AUD (2007).   
Black Sunday bushfires     1955     2       
Western Australian bushfires     1961     0     160 homes.   
Chatsbury bushfires     1965     3     59 homes.   
Tasmanian fires     1967     62     1,293 homes.   
Cyclone Ada     1970     14     12,000,000 AUD (1970)   
Kin Kin tornado     1971     3     100,000 AUD.     A tornado swept through the town of Kin Kin.[2]
Brisbane flood     1974     16     980,000,000 AUD.   
Cyclone Tracy     1974     71     645,350,000 USD (1974)   
Cyclone Alby     1978     7     45,000,000 USD (1978).   
Ash Wednesday bushfires     1983     75     2,400 houses.   
Cyclone Orson     1989     5     16,800,000 USD (1989).   
Newcastle earthquake     1989     13     4,000,000,000 AUD.   
Eastern seaboard fires     1993-1994     4     225 homes.   
Gracetown landslide     1996     9         About 30 tonnes of rock and sand fell from a cliff to below spectators of a school surf event.[3]
Thredbo landslide     1997     18         One victim was found alive after 60 hours of being buried.[4]
Linton Bushfire     1998     5       
Sydney to Hobart Yacht Race     1998     6     30,000,000 AUD.     A supercell storm cuased havoc during the annual Sydney to Hobart Yacht Race, with only 44 out of 115 yachts finishing.[5]
Cyclone Vance     1999     0     100,000,000 USD (1999).   
Sydney hailstorm     1999     1     2,300,000,000 AUD.   
Black Christmas bushfires     2001-2002     0     121 homes   
Cyclone Chris     2002     12     929,000 USD (2002).   
Canberra bushfires     2003     4     Close to 500 homes.   
Eastern Victorian alpine bushfires     2003     3     41 homes.   
Eyre Peninsula bushfire, 2005     2005     9     93 homes.   
Junee Bushfire     2006     0       
Cyclone Glenda     2006     0     965,000 USD {2006).   
Mount Lubra bushfire     2006     2       
Cyclone Larry     2006     1     1,100,000,000 USD (2006).   
Pulletop Bushfire     2006     0       
Kangaroo Island bushfires     2007     1       
Cyclone George     2007     5     15,700,000 USD (2007)   
Queensland storms     2008     2     500,000,000 AUD.   
Black Saturday bushfires     2009     173     2,029 homes, 2,000 other structures.   
Cyclone Hamish     2009     2     38,800,000 USD (2009).   
2010–11 Queensland floods     2010-2011     33     2,390,000,000 AUD.   
Cyclone Yasi     2011     1     3,600,000,000 USD (2011).   
Tasmanian bushfires     2013     1     170+ buildings.   
New South Wales bushfires     2013     1       
Cyclone Oswald     2013     7     2,520,000,000 USD (2013).   
Brisbane hailstorm     2014     0     1,100,000,000 AUD.   
Cyclone Ita     2014     0     1,150,000,000 USD (2014).   
Sampson Flat bushfires     2015     0       
Esperance bushfires     2015     4       
Pinery bushfire     2015     2       
Carwoola bushfire     2017     0       
Cyclone Debbie     2017     14     2,730,000,000 USD (2017).   
Tathra bushfire     2018     0

 This information was kindly given to me by ;

https://postmanproductions.wordpress.com/2019/12/23/australia-fires-agenda-2030-what-the-corporate-media-forgot-to-mention/