Economy News – KWN – Greyerz – This May Crash Europe’s Financial System And Lead To The Next Global Crisis And Collapse

Zero Hedge – Minimum Wage Massacre: Wendy’s Unleashes 1,000 Robots To Counter Higher Labor Costs
by Tyler Durden Feb 28, 2017
Wendy’s chief information officer, David Trimm, said the kiosks are intended to appeal to younger customers and reduce labor costs. Kiosks also allow customers of the fast food giant to circumvent long lines during peak dining hours while increasing kitchen production.
As Dispatch.com reports, the Dublin-based burger giant started offering kiosks last year, and demand for the technology has been high from both customers and franchise owners.

KWN – Gerald Celente: Broadcast Interview – Available Now

KWN – ALERT: Legend Art Cashin Just Issued A Dire Warning
On the heels of another record breaking week for the Dow, legend Art Cashin just issued a dire warning.
Eric King:  “When you look at the stock market, Art, we keep hitting one record high after another on the Dow.  As the market continues to melt-up, do you sometimes step back and say, ‘I’ve seen this movie before and it doesn’t always have a good ending?’”
Art Cashin:  “Well, it’s funny you say that.  I wrote in my comments yesterday about the fact that the Dow being up nine consecutive record closes has only happened five times since 1897.  And in virtually all of those cases it didn’t end well.  It didn’t end badly immediately after the streak was broken but a year or so later there were problems.  The most recent time we’ve seen it they had 12 records in a row in early 1987, (laughter) and we all have some scars from what happened later in 1987.  It also happened in 1929.

Thomas Dishaw – Barclays bank goes down over the weekend, millions unable to access cash or use credit cards
A server crash on Barclays network Saturday gave many customers an unwanted glimpse into the chaotic future of a cashless, automated society. The crash left many unable to access their funds, unable to use internet or telephone banking and caused many cash machines to go down as a result of hardware failure.
Customers noted that their debit cards were declined even for small purchases like a 17p banana. Many took to social media to express frustration over the inability to withdraw money from in ATMs or be able to pay for purchases in shops and pubs around the world. Some reported being stranded because they could not access funds to buy tickets to return home. Others expressed desperation of not being able to feed themselves or their families.
Panic set in when Barclay’s admitted they had not idea how long it would take to fix the issue, even speculating that it could take until Monday. The bank released a statement saying it was “working to fix” a problem and advised customers to use other banks’ cash machines. It added that telephone banking and in-branch payments were also affected and apologized “for any inconvenience.” Barclays also reiterated the fact that no customer will lose out financially because of the hardware crash and any relevant fees would be reimbursed as soon as possible, another concern that some users called out.
There is still no word how many of Barclay’s 15 million card customers were affected by the outage. There is no doubt this experience echoes the fears and concerns many still have of completely cashless societies. Becoming dependent on cards leaves us vulnerable to situations like this. And the increase of automation results in fewer bank branches where you can go in and manually withdraw money from your account.
Globalists have indoctrinated many of us to believe that electronic currency is more convenient and easier to access than paper currency. But the advantage for cash remains that it is tangible and can be used to trade goods at face value, whereas we see in this scenario that if the value on your debit or credit card cannot be accessed, it doesn’t exist.

KWN – Greyerz – This May Crash Europe’s Financial System And Lead To The Next Global Crisis And Collapse
With continued uncertainty around the globe, today the man who has become legendary for his predictions on QE, historic moves in currencies, spoke with King World News about why Target2 may crash Europe’s financial system and lead to the next global crisis and collapse.
100 Years Of Massive Credit Expansion
To own gold is not climbing a wall of worry. For anyone who understands the problems that the world is now facing, physical gold ownership gives peace of mind and the best insurance that money can buy. So why are less than 0.5% of world financial assets invested in gold and gold stocks? There are several reasons for this. Firstly, 100 years of massive credit expansion and money printing have mainly inflated the asset classes that investors understand, be it stocks, bonds or property. Also, financial repression, which in layman’s terms means manipulation, has totally distorted most financial markets. With the help of derivatives, governments, central banks, investment banks and hedge funds can create false markets in most investment areas. If a market is massive and global, like currencies, they are very hard to manipulate, except if several major sovereign states collude. But in a small market like gold and silver, it is extremely easy to manipulate prices. Even more so when a lot of it is done with the assistance and blessing of governments…

Now There’s Proof: Docs Who Get Company Cash Tend to Prescribe More Brand-Name Meds

Dollars for Docs
How Industry Dollars Reach Your Doctors
By Charles Ornstein, Lena Groeger, Mike Tigas, and Ryann Grochowski Jones, ProPublica. Updated March 17, 2016
Pharmaceutical and medical device companies are now required by law to release details of their payments to a variety of doctors and U.S. teaching hospitals for promotional talks, research and consulting, among other categories. Use this tool to search for general payments (excluding research and ownership interests) made from August 2013 to December 2014. | Related Story: Now There’s Proof: Docs Who Get Company Cash Tend to Prescribe More Brand-Name Meds »

Now There’s Proof: Docs Who Get Company Cash Tend to Prescribe More Brand-Name Meds
The more money doctors receive from drug and medical device companies, the more brand-name drugs they tend to prescribe, a new ProPublica analysis shows. Even a meal can make a difference.
Doctors who got money from drug and device makers—even just a meal– prescribed a higher percentage of brand-name drugs overall than doctors who didn’t, our analysis showed. Indeed, doctors who received industry payments were two to three times as likely to prescribe brand-name drugs at exceptionally high rates as others in their specialty.
Doctors who received more than $5,000 from companies in 2014 typically had the highest brand-name prescribing percentages. Among internists who received no payments, for example, the average brand-name prescribing rate was about 20 percent, compared to about 30 percent for those who received more than $5,000.
ProPublica’s analysis doesn’t prove industry payments sway doctors to prescribe particular drugs, or even a particular company’s drugs. Rather, it shows that payments are associated with an approach to prescribing that, writ large, benefits drug companies’ bottom line.
Dollars for Docs
See how industry dollars reach your doctors. Explore the app.
“It again confirms the prevailing wisdom … that there is a relationship between payments and brand-name prescribing,” said Dr. Aaron Kesselheim, an associate professor of medicine at Harvard Medical School who provided guidance on early versions of ProPublica’s analysis. “This feeds into the ongoing conversation about the propriety of these sorts of relationships. Hopefully we’re getting past the point where people will say, ‘Oh, there’s no evidence that these relationships change physicians’ prescribing practices.’”

Former Abortion Clinic Operator: We Sexualized Kids To Keep Abortion Cash Flowing

Former Abortion Clinic Operator: We Sexualized Kids To Keep Abortion Cash Flowing

Kids encouraged to turn to abortion counselors, rather than parents

Adan Salazar
Infowars.com
May 15, 2014

A former abortion clinic operator in Texas says she was compensated handsomely for selling state-funded sex education programs to children, which in turn destroyed their innocence and compelled them to visit the clinics for future abortion services.

abortion1Carol Everett, who now heads the non-profit Heidi Group Foundation, a pro-life organization that helps “girls and women in unplanned pregnancies make positive, life-affirming choices,” recalled her time within the industry at a recent Rose Dinner event in Canada.

Describing the sale of abortion services as a “cash cow,” Everett recounted witnessing busy doctors visit patient after patient “often without scrubbing up again,” according to the Catholic Register. Everett also pointed to state-funded sex ed programs as one of the ways the abortion industry grooms potential repeat customers.

“Children are being taught about sex and masturbation in ways that ‘shame the children’ so they will not be comfortable telling their parents what they heard, Everett said,” writes Deborah Gyapong.

The programs would then provide girls “with low dose birth control, which is ineffective if not taken at the same time each and every day, which is close to impossible for any teenager,” reports Life News, adding, “When the girls get pregnant, they then turn to abortion clinics..”

Former Abortion Clinic Operator: We Sexualized Kids To Keep Abortion Cash Flowing

 

HSBC imposes restrictions on large cash withdrawals

HSBC imposes restrictions on large cash withdrawals

By Bob Howard Reporter,
Money Box

Some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it, the BBC has learnt.

Listeners have told Radio 4’s Money Box they were stopped from withdrawing amounts ranging from £5,000 to £10,000.

HSBC admitted it has not informed customers of the change in policy, which was implemented in November.

The bank says it has now changed its guidance to staff.

New rules

Stephen Cotton went to his local HSBC branch this month to withdraw £7,000 from his instant access savings account to pay back a loan from his mother.

A year before, he had withdrawn a larger sum in cash from HSBC without a problem.

But this time it was different, as he told Money Box: “When we presented them with the withdrawal slip, they declined to give us the money because we could not provide them with a satisfactory explanation for what the money was for. They wanted a letter from the person involved.”

Mr Cotton says the staff refused to tell him how much he could have: “So I wrote out a few slips. I said, ‘Can I have £5,000?’ They said no. I said, ‘Can I have £4,000?’ They said no. And then I wrote one out for £3,000 and they said, ‘OK, we’ll give you that.’ “

He asked if he could return later that day to withdraw another £3,000, but he was told he could not do the same thing twice in one day.

Continue reading the main story

“Start Quote

As this was not a change to the Terms and Conditions of your bank account we had no need to pre-notify customers of the change”

End Quote HSBC customer letter

He wrote to complain to HSBC about the new rules and also that he had not been informed of any change.

The bank said it did not have to tell him. “As this was not a change to the Terms and Conditions of your bank account, we had no need to pre-notify customers of the change,” HSBC wrote.

Families around the world are pulling cash out of banks and hiding it in their homes

Families around the world are pulling cash out of banks and hiding it in their homes

NaturalNews) The financial crash and Great Recession of 2008-09, which was felt far beyond U.S. borders, so spooked families around the globe that increasingly many have begun hoarding cash in their homes rather than trust it to banks.
According to a recent report by The Associated Press, “Five years after U.S. investment bank Lehman Brothers collapsed, triggering a global financial crisis and shattering confidence worldwide, families in major countries around the world are still hunkered down, too spooked and distrustful to take chances with their money.”

Among the key findings:
–People fled stocks: “A desire for safety drove people to dump stocks, even as prices rocketed from crisis lows in early 2009, and put their money into bonds,” the AP reported. In the five years following the crisis, investors from the top 10 countries pulled $1.1 trillion from stock mutual funds.
–The great cash hoard has begun: “Looking for safety for their money, households in the six biggest developed economies added $3.3 trillion, or 15 percent, to their cash holdings in the five years after the crisis,” the AP reported. That’s slightly more than in the previous five years, per the Organization for Economic Cooperation and Development.
–Getting rid of, and avoiding new, debt: In the five years before the financial crisis, average household debt grew at an unprecedented rate. In the U.S., the United Kingdom and France, debt rocketed more than 50 percent per adult; for all 10 countries, it rose 34 percent. Since then, debt per adult in the 10 countries has declined 1 percent, which economists say has not happened since 1946.
–Cutting spending: In order to cut debt and save more, spending has been sacrificed. “Adjusting for inflation, global consumer spending rose 1.6 percent a year during the five years after the crisis, according to PricewaterhouseCoopers, an accounting and consulting firm. That was about half the growth rate before the crisis and only slightly more than the annual growth in population during those years,” the AP reported. Sources:
http://news.yahoo.com
http://www.cnbc.com
http://www.bcg.com

Fed up? US expected to cut cash stimulus

Fed up? US expected to cut cash stimulus

The main question ahead of the key Fed meeting on Tuesday is whether the world’s largest economy can survive on less government monetary stimulus. Data shows the economy is still luke-warm but politics will encourage the Fed to slow quantitative easing.

               

Chair Ben Bernanke gave strong hints in August that the Fed would decide to   begin tapering its stimulus in September. If he reneges it could   destabilize markets and jar investors. 

A final decision will be reached on September 18 at the   conclusion of the two-day meeting of Federal Open Market   Committee (FOMC).