money

Sweden's central bankers want to reverse their policy of a cashless society and have proposed making it mandatory for all banks and financial institutions to offer cash services so that it does not disappear as a form of payment.

When the majority of the voting population receives more in benefits than it pays in taxes, then voters will demand more wealth be transferred to them through government programs. And larger and larger amounts of wealth will be extracted from a minority to subsidize the majority.

A smear campaign involving a staged protest, spreading misinformation, and a negative phone and email campaign was allegedly used against a Czech investor. He says his business rival threatened to ramp up harassment by Crowds On Demand unless he paid $23 million to make it stop.

Tanzania: Mohammed Dewji, 43, Africa's youngest billionaire, was recently kidnapped and then returned 9 days later - it is unknown if ransom was paid for his return. Kidnappings for ransom of wealthy businessmen is a growing problem, with most of the crimes taking place in South Africa.

The Federal Reserve plans to have a cryptocurrency system, transforming our nation's payment system by 2020, under the 'Faster Payment Environment.'  The Federal Reserve is endorsing the AML Bitcoin that is compliant with the Patriot Act biometric identification. 

Fun fact: Drugmakers may legally advertise pharmaceuticals on television in only 2 countries, New Zealand and the United States. Now under new proposed rules, drugmakers may be forced to disclose in their TV ads how much their drugs cost. [1] [2]
A new federal rule has been drafted by Health and Human Services Secretary Alex Azar that would require drug manufacturers to disclose in television ads the list price for a 30-day supply of any drug that is covered through Medicare or Medicaid and costs more than $35 a month. [2]

Israeli lawyers said that the ruling makes it clear that anyone who calls for a boycott against the State of Israel could find themselves liable for damages and will be forced to pay compensation to those hurt by the boycott call. The law firm will try to go after the activists' bank accounts.

One running problem with contemporary punditry is an inability to put ‘rich’ into historical perspective. One of the reasons for this is the simple arithmetic hurdle of adjusting yesterday’s net worth to today’s monetary inflation. The following presentation does just that. 
Here are the top 15 richest people to ever live. These billionaires, and trillionaires, most of whom would put people like Bill Gates and Jeff Bezos to shame. Watch:

A true free trade deal would simply reduce or eliminate tariffs and other trade barriers. It would not dictate wages and labor standards, or require inter-governmental cooperation on environmental standards and monetary policy.

Goldman Sachs' startup cryptocurrency company, Circle, is launching the US Dollar Coin, or USDC, with the goal of replacing US currency. Coinbase, which is owned by the Federal Reserve, is on track to become the nation's crypto-regulatory agency.