Adaptive Model of the Global World System – Club of Rome 1968
Japan’s trade and industry minister said on Thursday that a ‘new world order’ is needed to counter the rise of authoritarian regimes which have thrived in post-Cold War free trade and economic interdependence. “Authoritarian countries have amassed tremendous power, both economically and militarily,” said Yasutoshi Nishimura, Japan’s Minister of Economy, Trade and Industry, adding “We must rebuild a world order based on the fundamental values of freedom, democracy, human rights and the rule of law.”
Nigeria has imposed limits on cash withdrawals in a move to push consumers towards alternatives, including its own Central Bank Digital Currency (CBDC), the eNaira. In a letter to banks and other financial institutions published on Tuesday, the Central Bank of Nigeria (CBN) applied new limits on over-the-counter withdrawals at just ₦100,000 ($225) per week for individuals and ₦500,000 ($1,123) for businesses. Taking cash out of ATMs will be capped at ₦20,000 ($45) per day, with only ₦200 ($0.45) notes and smaller denominations being available from the machines. Customers will still be able to take out larger sums in some instances but will have to pay processing fees of between 5% and 10%. The move was justified in the letter as being in line with “the Cashless policy of the CBN.” The central bank’s director of Banking Supervision Haruna B. Mustafa wrote that customers “should be encouraged to use alternative channels (internet banking, mobile banking apps, USSD cards/POS, eNaira, etc.) to conduct their banking transactions.” – Source.
China: Years of Lockdown Abuses Trigger Anti-Communist Protests Nationwide. Protesters thronged the streets of cities across China over the weekend – defying a brutal crackdown from the Communist regime – to demand an end to coronavirus lockdowns and the resignation of dictator Xi Jinping. The protests quickly grew to astonishing size after an apartment building fire killed 10 people in Urumqi, the locked-down capital of occupied East Turkistan, where China is currently committing genocide against the indigenous Uyghur Muslims of the region… Protesters in the city of Guangzhou lined the streets with tents because they assumed the regime would use its dystopian “health code software” to lock them out of their homes as punishment… If Chinese government remotely switches your health passport to code yellow, you will become homeless. Because with yellow code on your phone, you can’t go back to your apartment, stay at hotel, take any public transport… trouble to get food too.” – Source.
Digital dollars are now here, and the Centralized Bank of New York, the nation’s financial center, is pushing for it as a soothing tactic for people who may have lost their fortunes in crypto dollars. A group of major banks and the Federal Reserve Bank of New York have started to test the use of digital tokens representing digital dollars to improve how central bank money is settled between institutions. Citigroup (C), HSBC (HSBC), BNY Mellon (BK) and Wells Fargo (WFC) are among the banks taking part, along with payments giant Mastercard (MA), the New York Fed announced Tuesday. “The 12-week proof-of-concept pilot program will explore the use of a platform known as the regulated liability network, or RLN, whereby banks issue tokens that represent customers’ deposits that are settled on a central bank reserve on a shared distributed ledger,” Coin Desk reported on Wednesday… While the initial work will focus on simulating digital money issued by regulated institutions in US dollars, the concept could be extended to multicurrency operations and stablecoins, which are typically backed one-to-one by another asset such as the dollar or euro.” – Source.
Pope Francis said the need to reform the United Nations was “more than obvious” after the Covid-19 pandemic and the Ukraine war exposed its limits, in an extract of his new book published Sunday. The Argentine pontiff said Russia’s February invasion of Ukraine highlighted the need to ensure the current multilateral structure — especially the UN Security Council — finds “more agile and effective ways of resolving conflicts”. “In wartime, it is essential to affirm that we need more multilateralism and a better multilateralism,” but the UN is no longer fit for “new realities”, he added in an extract published by La Stampa daily. The organisation was founded to prevent the horrors of two World Wars from happening again, but although the threat represented by those conflicts was still alive, “today’s world is no longer the same”, said Francis. “The necessity of these reforms became more than obvious after the pandemic” when the current multilateral system “showed all its limits”, he added. Francis denounced the unequal distribution of vaccines as a “glaring example” of the law of the strongest prevailing over solidarity. The 85-year-old advocated “organic reforms” aimed at allowing international organisations to rediscover their essential purpose of “serving the human family” and said international institutions must be the result of the “widest possible consensus”. The pope also proposed guaranteeing food, health, economic and social rights on which international institutions would base their decisions. – SOURCE.
Rome Newsroom, Aug 23, 2022 / 05:51 am (CNA). Pope Francis has ordered that the Holy See and connected entities move all financial assets to the Institute for Works of Religion (IOR), commonly known as the Vatican bank. The pope’s rescript, issued Aug. 23, clarifies the interpretation of a paragraph in the new constitution of the Roman Curia, Praedicate Evangelium, promulgated in March. According to Francis’ rescript, financial and liquid assets held in banks other than the IOR must be moved to the Vatican bank within 30 days of Sept. 1, 2022. The IOR, based in Vatican City State, has 110 employees and 14,519 clients. As of 2021, it looked after 5.2 billion euros ($5.6 billion) of client assets. Though commonly called a “bank,” the IOR is technically a financial institute, with no branches, working within Vatican City State to provide services to clients, which include the Holy See and connected entities, religious orders, clergy, Catholic institutions, and Holy See employees… The decree will force Holy See institutions, including the Secretariat of State, to move their financial assets to the IOR by the end of September. The Secretariat of State is known to have had accounts in Swiss financial institutions, including Credit Suisse, through which the controversial London building investment was initially carried out.” – SOURCE.
Fewer Americans are using cash for purchases than five years ago and two-thirds foresee a cashless future in their lifetimes, according to a new Gallup poll released Thursday. Gallup reported Thursday that 13% of adults say they use cash for most purchases — down from 28% five years ago. The poll found that 64% of Americans believe the nation will be a cashless society in their lifetimes. And for more Americans, that evolution would be a “change for the worse” rather than a change for the better. Gallup said the increased popularity of mobile payment apps seems poised to accelerate the transition.” – SOURCE
“Sri Lanka is in a last-ditch effort to stave off economic collapse after an allegedly climate-friendly ban on artificial fertilizers devastated one of the country’s largest industries, according to experts.”… “Our economy has faced a complete collapse,” Prime Minister Ranil Wickremesinghe said on June 23, according to CNN.” Source: How the climate agenda destroyed 1 nation’s economy
Meanwhile, a developing story in Neatherland, the dutch farmers are fighting against climate mandates imposed by it’s government.
The UN have removed a satirical article from their website that detailed the benefits of world hunger after its discovery sparked an online backlash. The article, entitled “The Benefits of World Hunger,” was written by Professor George Kent from the University of Hawaii. Originally published in June 2008, the article was more recently reposted to the UN’s Chronicle magazine. “We sometimes talk about hunger in the world as if it were a scourge that all of us want to see abolished,” Kent wrote, adding that hunger was actually “a great positive value to many people. Indeed, it is fundamental to the working of the world’s economy. Hungry people are the most productive people, especially where there is a need for manual labour“…. “When we sell our services cheaply, we enrich others, those who own the factories, the machines and the lands, and ultimately own the people who work for them. For those who depend on the availability of cheap labour, hunger is the foundation of their wealth.” – SOURCE.
Looking forward, rapid changes are taking place in the global monetary systemthat may affect the international role of the dollar in the future. Most major economies already have or are in the process of developing instant, 24/7 payments,” Powell said. “As the Fed’s white paper on this topic notes, a U.S. CBDC could also potentially help maintain the dollar’s international standing… The Fed recently wrapped up its four-month consultation with the public about a digital dollar. “As we consider feedback … we will be thinking not just about the current state of the world, but also how the global financial system might evolve over the next 5 to 10 years,” according to Powell. The U.S. is a step behind on CBDCs, with ten countries having already launched their own versions and another 15 in pilot stages, according to the Atlantic Council’s Central Bank Digital Currency Tracker. “105 countries, representing over 95 percent of global GDP, are exploring a CBDC,” the tracker said. “In May 2020, only 35 countries were considering a CBDC. A new high of 50 countries are in an advanced phase of exploration (development, pilot, or launch).” – SOURCE (Related Video)
