Evergrande creditors make last push to avert liquidation order...
XRP Emerges as a Contender in US Federal Reserve’s Discussions on Digital Currency... In a landmark public survey titled “Money and Payments: The US Dollar in the Age of Digital Transformation,” the spirited XRP community has asserted the capabilities of the XRP Ledger (XRPL) and its profound relevance in shaping the future of digital currencies. This pivotal initiative, aimed at exploring the contours of Central Bank Digital Currencies (CBDCs), has seen the third-largest altcoin, XRP, spotlighted 111 times within the expansive 584-page document, showcasing its compelling potential in the evolving terrain of digital finance.
WOW! 💥 How Ripple describes the role of #XRP in a document: ... “If the Ripple protocol becomes widely adopted and if the Ripple protocol becomes the backbone of global value transfer, Ripple expects the demand for XRP to be considerable.” XRP WILL BE THE BACKBONE OF THE NEW FINANCIAL SYSTEM! 💸
Benjamin Fulford: This is HUGE, Folks! (Video)... Interview with Benjamin Fulford on banking and medicine
Cryptocurrency Worth $1.5M Seized From Former Ukrainian Head of State Communications... The National Anti-Corruption Bureau of Ukraine (NABU) has seized $1.5 million worth of cryptocurrency from Yuriy Shchigol, Ukraine's former head of the State Special Communications Service, according to local news outlet RBC. The seizure, which involved $1.2 million worth of tether (USDT) and 6.9 bitcoin (BTC), was supported by the Supreme Anti-Corruption Court in Ukraine.
The Final Countdown: How the Next 7 Days Could Mark the End of the Financial World as We Know It!... Amidst the bustling activity of our daily lives, a financial tempest is silently gathering strength, poised to unleash chaos on an unprecedented scale. This isn’t mere speculation; it’s a cold, hard reality that’s unfolding right before our eyes, yet remains largely unnoticed by the masses. Let’s peel back the layers of this looming crisis, a scenario so severe that it threatens to reshape the very fabric of our global financial system.
CFPB Orders Bank of America to Pay $12 Million for Reporting False Mortgage Data... The Consumer Financial Protection Bureau (CFPB) today ordered Bank of America to pay a $12 million penalty for submitting false mortgage lending information to the federal government under a long-standing federal law. For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions as required under federal law, and then falsely reported that the applicants had chosen not to respond. Under the CFPB’s order, Bank of America must pay $12 million into the CFPB’s victims relief fund. “Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” said CFPB Director Rohit Chopra. “It is illegal to report false information to federal regulators, and we will be taking additional steps to ensure that Bank of America stops breaking the law.”
Over 500 Organizations Now Working With Ripple With Many ‘Using XRP as Bridge Currency’... Fiona Murray, Ripple’s VP of Sales in APAC, reveals how more than 500 companies are working with Ripple and using XRP as a bridge for cross-border payments.
PNC Bank shutters 19 branches in a single WEEK as US Bank, JPMorgan Chase and Bank of America also close locations - is your local affected?... PNC notified the regulator of 19 upcoming bank branch closures last week Citizens Bank targeted six branches in a handful of cities across New York State Although Chase filed to close four, it also said it would open 12 new branches
BIS Project Tourbillon: exploring privacy, security and scalability for CBDCs... The use of cash is declining worldwide as digital payments continue to grow. Over the past decade, the number of cashless payments has grown annually at 16%, with over 1 trillion transactions in CPMI countries alone. Amid this development, concerns are being raised about the potential erosion of privacy. Unsurprisingly, public consultations by central banks on retail central bank digital currencies (CBDCs) show that privacy is a fundamental user requirement. Project Tourbillon builds two CBDC prototypes that address three features simultaneously: privacy by enabling payer anonymity, security by implementing quantum-safe cryptography; and scalability by testing the prototype's ability to handle a growing number of transactions using payment data.
VIDEO discussing financial crash and the introduction of CBDCs as a control mechanism... "It is literally a prison planet." Former Blackrock portfolio manager, Ed Dowd (@DowdEdward), explains why every last remnant of your freedom depends on widespread rejection of CBDC. "Once the central bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you're a dissenter like me, talking about truth, they shut you down."
Edward Dowd - CBDC's, Financial Collapse IMMINENT, Vaxx Deaths EXPLODE! ... Edward Dowd joins Maria Zeee to discuss the orchestrated collapse of the financial system, CBDC's and the exploding rate of excess deaths across multiple countries which he and his team of analysts have compiled for the world to see and share.
JPMorgan Chase Accused of Severely Damaging Multi-Million Dollar Business, Blocking Transactions and Triggering Mass Account Terminations: $600,000,000 Defamation Lawsuit... The world’s largest bank is facing a $600 million defamation lawsuit for allegedly spreading misinformation, blocking transactions and severely damaging the reputation of a multi-million dollar business. Sinai Holdings, a Florida-based medical services company, claims the bank erroneously placed the company and its owner Jacob Gitman on a list of individuals and entities to be avoided.
UBS CEO says private buyer preferred outcome in case of rescue... ZURICH, Nov 22 (Reuters) - UBS is one of the world’s safest large institutions, the Swiss bank's CEO said while speaking at a Swiss Risk Association event on Wednesday. "Even in the unlikely event of something going wrong at UBS, we have enough cushion before even speaking about a resolution of the bank and its very unlikely risk of a loss for the taxpayer," Sergio Ermotti said. Would UBS need to be rescued, Ermotti said a private buyer would continue to be preferable.
South Korea to Pilot CBDC With 100K Citizens in 2024... The Bank of Korea sees a CBDC as a potential answer to problems with existing government-issued grant systems, such as during the COVID-19 pandemic or childcare vouchers
VIDEO The Red Cross is a child trafficking money laundering operation. ... Red Cross takes your free blood donations and sells it for billions of dollars for profit. The Rothschild family has been closely associated with the British Red Cross since its inception in 1870 when Nathaniel, 1st Lord Rothschild (1840-1915) became one of the founder members.
Citigroup employees expect management reshuffle, layoffs on Monday -sources... NEW YORK, Nov 17 (Reuters) - Citigroup (C.N) employees expect announcements about management changes and layoffs on Monday in the next phase of the bank’s sweeping reorganization, according to four people familiar with the situation. Employees are awaiting more details about the scale of layoffs at the bank, which employs 240,000 people worldwide. Citigroup declined to comment. The Financial Times reported the news earlier. Last month, Citi announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. In the two top layers of leadership, Citi reduced 15% of functional roles and eliminated 60 committees, it said in its third quarter earnings presentation. The third-largest U.S. lender will also eliminate co-heads of divisions and regional roles, cut 50% of internal financial management reporting and centralize decision making, it said in October. Support staff in compliance and risk management, and technology staff working on overlapping functions are at risk of being laid off, Reuters reported in September.
FED takeover hinted by the US Debt Clock... Very interesting US Debt Clock Secret Window on November 14: This secret window has the quotes of Thomas Edison and next The Federal Reserve System seal saying Federal 'Usury' System. We also see the 1922 20$ Gold Certificate (and physical coins) which would be valued at about 314$ today. But the most important suggestion: at the base of the concealed window on the Usdebtclock, rests a dial adorned with a luminous green light, positioned precisely amidst the Federal Reserve System seal and the US Treasury 1776 seal. This seemingly symbolic arrangement signifies a transition or progression from one system to another, hinting at the shift or movement from the jurisdiction or operations of the Federal Reserve System towards those governed by the US Treasury.
BlackRock and JPMorgan Purchased over 7.5 Million XRP as RNT to be Listed on Major Exchange...
Ripple XRP News - MASSIVE NEWS! DAVID SCHWARTZ CONFIRMS R3 IS STILL USING XRP + XRPL! INDIA + CBDC...
S’pore’s handling of money laundering case globally significant: UAE head of anti-money laundering... SINGAPORE - The United Arab Emirates’ head of anti-money laundering has praised Singapore’s handling of the $2.8 billion money laundering probe here, describing the operation as a case of global significance. Mr Hamid Al Zaabi, director-general of the UAE’s Executive Office of Anti-Money Laundering and Counter Terrorism Financing, said he hopes the bust will spur other jurisdictions into similar efforts to tackle the problem. “Singapore’s money laundering case is globally significant and is worthy of applause,” he said.
Gold soars past $2,100 to new record — and analysts don’t expect it to stop there... Spot gold prices rose to a new record high of $2,110.8 per ounce Monday before giving up some gains. Prices of the yellow metal have risen for two consecutive months with the Israel-Palestinian conflict boosting demand for the safe-haven asset. Gold prices are expected to remain above $2,000 levels next year.
Gold Trading At A Record $100 Premium In Shanghai Because China May Finally Peg Their Currency To Gold... November 14 (King World News) – John Ing: Why does the world seem falling apart? Wars, pandemics, anti-semitism, polarization, and it goes on. What happened to civility? How did it come to this? To revive the world economy following the 2008 crisis, governments embarked on a tremendous spending binge during the past 16 years, with debt and spending rising faster than GDP. In the US, lacking in savings, they added to an already heavy debt burden because when it came to fund those widening budgetary deficits, the Federal Reserve bought tens of billions of bonds and mortgages with newly printed money (quantitative easing), so that money was essentially free. Under this fiscal free lunch, interest rates went down to the lowest in history.
Bank run - Bank layoffs - Black Swan...