Search Results

Bank of Mexico to launch digital currency by 2024

January 03, 2022 -

Mexico’s central bank under the administration of President Andres Manuel Lopez Obrador tweeted on Dec. 30 that it is important “to use these new technologies and latest-generation payments infrastructure as valuable options to advance financial inclusion in the country.”

In a recent report, the Bank of Mexico said that it is examining the development of a digital currency in various phases. It will employ as a foundation for the platform the present electronic ...

Mexico “still hasn’t seen science” from U.S. proving safety of GMO corn

a month ago -

In an official reply to the United States concerning the U.S.-Mexico-Canada Agreement (USMCA), Mexico argued that the presence of glyphosate on U.S. corn renders it unsafe and thus unfit for human consumption, citing actual science showing the dangers of glyphosate and GMOs.

The U.S. is trying to strong-arm Mexico into taking its toxic GMO corn, but our neighbors to the south are insistent that they will not poison their people with glyphosate-laden corn grown in the U.S....

Biden’s government caught surveilling bank transactions of conservatives and Trump supporters

January 21, 2024 -

It was further disclosed that the federal investigators asked banks to use search terms such as "TRUMP" and "MAGA" when surveilling customer data in the aftermath of the Jan. 6 Capitol riot. Furthermore, individuals who shopped at stores like Cabela's or Dick's Sporting Goods, or purchased religious texts like a bible, may also have had their transactions flagged.

"This kind of pervasive financial surveillance, carried out in coordination with and at the request of federal ...

Bank payment processing outages highlight risks of relying on electronic banking

November 17, 2023 -

The effects of the outages were far-reaching. Many people’s payroll direct deposits failed, leaving them unable to access the money they earned. ACH payments also failed to process, which resulted in late fees. There were also duplicated withdrawals, which left many customers in a bind after their money was taken out twice for a single transaction. Between Wells Fargo, Chase and Bank of America, there were almost a million failed transactions in total.

A precise cause ...

Former Zelensky backer charged over EMBEZZLEMENT of $250M from Ukrainian bank

September 11, 2023 -

The National Anti-Corruption Bureau of Ukraine (NABU) charged oligarch Igor Kolomoysky with embezzlement on Sept. 7, alongside five other unnamed suspects. The businessman and his accomplices reportedly seized more than 9.2 billion Ukrainian hryvnias ($250 million) from the Ukrainian lender PrivatBank in 2015. The illegal seizures sought to finance his dealings and increase his share in the bank's authorized capital.

A NABU statement published on Telegram said Kolomoysy, ...

Dangers of GM corn spark huge trade dispute between the U.S. and Mexico

7 days ago -

Corn is considered a staple crop in Mexico and makes up a significant part of the diet there; it is consumed in 89 percent of all Mexican meals. The country has successfully stopped genetically modified corn from being grown there for the last quarter century to protect the ancient maize strains growing there, along with the health of their citizens.

The crop has been the subject of trade battles between the U.S. and Mexico before, but the current battle, which is now being ...

CBP seizes four tons of cocaine in NARCO-SUB off southwest Mexico coast

August 07, 2023 -

The U.S. Customs and Border Protection (CBP), led by the Air and Marine Operations, recently intercepted a "narco-sub" with approximately four tons of cocaine worth $108 million off the southwest Mexico coast.

For the past five years, drug smugglers have been using narco-subs to discreetly transport large quantities of narcotics. In fact, Colombian officials revealed that they seized 111 narco-subs involved in drug trafficking from 2018 to 2021. It's such a ...

Caravan of MIGRANTS march toward the southern border after banding together in Mexico

July 21, 2023 -

The group, made up mainly of Venezuelan immigrants, formed on July 15 in southern Mexico after the illegals banded together. They decided to assemble after many of them ran out of funds for food and had nowhere else to stay. The group walked over a highway in Mexico carrying a Venezuelan flag with the words "Peace, Freedom. SOS."

"We just want to move forward, to fulfill our American dream and work, because we're all workers here," said Venezuelan migrant Roseli Gloria....

Mexico preparing to evacuate millions of people due to Popocatepetl’s ongoing volcanic activity

May 24, 2023 -

Popocatepetl, which means "smoking mountain" in the native Mexican Nahuatl language, is a nearly 18,000-feet high volcano with more than 1,000-foot-wide crater at its summit. It is Mexico's largest active volcano and it crosses the borders of the central Mexican states of Puebla, Morelos and the State of Mexico. Approximately 25 million people live within a 60-mile radius of Popocatepetl, which is just 45 miles southeast of Mexico City and its more than nine million inhabitants....

Poland’s central bank to increase its share of GOLD reserves to 20%

February 14, 2024 -

NBP President Adam Glapinski announced this momentous occasion during a press conference, where he noted that "a 20 percent share of gold in reserves is characteristic of the wealthiest, safest and most credible countries."

The latest estimates suggest that gold currently makes up around 12.6 percent of the country's reserve assets. Assuming that the value of foreign reserves and the gold price won't change significantly, this means that the NBP would need to have about ...

Commercial real estate COLLAPSE threatens to trigger a wave of bank failures

February 13, 2024 -

The move triggered a massive selloff in regional bank stocks that is only expected to worsen as the dire state of commercial real estate in the United States delivers a rude awakening to the increasingly shaky financial sector.

The special low-interest-rate lifeline the private Federal Reserve banking cartel extended last year to keep underwater banks afloat and moving along as "normal" is about to expire, which means more bank failures are soon on the way.

Following ...

Bank of America de-banks conservative Christian charity that serves impoverished Ugandans

August 28, 2023 -

Indigenous Advance Ministries (IAM), a Memphis-based non-profit organization that provides necessities to Ugandan orphans, reportedly lost it bank account at Bank of America, despite maintaining a business relationship since 2015.

The group touts pro-life and anti-LGBT messaging on its website, which is believed to be the impetus behind its targeting by Bank of America. IAM has since filed a complaint with the Tennessee Attorney General's office over concerns its bank ...

Children now being denied bank accounts because of their parents’ political involvement

July 27, 2023 -

What The Telegraph describes as "draconian money-laundering rules" require that politicians and their families agree to highly invasive "enhanced" checks by banks in order to qualify as customers.

The rule is up for debate with ministers calling on it to be scrapped. Members of Parliament like Lord Sharkey, a Liberal Democrat peer, say the rule is being used against he and his family with banks demanding personal financial information from his three children.

A former ...

Nonprofit warn: Brits’ food bank dependency goes beyond cost-of-living crisis

May 23, 2023 -

According to the latest report by non-profit food bank operator Trussell Trust, it gave out nearly three million emergency food parcels across the U.K. between 2022 and 2023. From the 1.35 million parcels reported in 2017 to 2018, this increased by 121 percent to a record 2.99 million.

Wales, North East and the East of England were the top three recipients of food parcels. The East Midlands, meanwhile, received the least number of food packages from Trussell Trust.

ZeroHedge's ...

WATER CRISIS INCOMING: Mexico City only months away from totally running out of water

2 months ago -

The megacity of approximately 22 million people has been suffering from a state of drought, classified as moderate to exceptional, since the beginning of the year.

Factors, including the weather – diminished rainfall and increased local temperatures – have combined with Mexico City's ill-equipped infrastructure and rapidly expanding urban sprawl to push the city's already limited water supply further to the brink.

Alejandro Gomez, a resident of Mexico City's southern ...

Secretary of State Antony Blinken: Drug trafficking, immigration are crisis MUTUAL RESPONSIBILITIES of the U.S. and Mexico

October 13, 2023 -

Blinken and other Biden administration officials met on Oct. 5 to discuss shared security, health and public safety issues at the 2023 U.S.-Mexico High-Level Security Dialogue.

During an Oct. 3 event at the Baker Institute at Rice University in Houston, Texas, Blinken said the relationship between the U.S. and Mexico is "arguably the most important we have in terms of the practical impact."

He added that Mexico is now America's "largest trading partner in the ...

Calls to BOYCOTT Bank of America grow amid its discrimination targeting Trump supporters

2 days ago -

"Multiple MAGA profiles and Republicans have criticized the bank in recent days over claims … that it is allegedly engaging in a practice called 'de-banking' because of customers' religious and political beliefs," Newsweek reported. The magazine added that BofA has denied the allegations.

John Eastman – a former legal counsel for Trump – said his BofA and United Services Automobile Association (USAA) accounts had been closed. Eastman alleged that the closure of his two accounts ...

Bank of America is an active enemy combatant targeting conservatives for financial deplatforming

8 days ago -

In a letter led by Kansas Attorney General Kris Kobach, the dozen some-odd "red" states asked the financial institution to release all documents related to its account cancellation policies. The letter also petitions Bank of America to update its terms of service to prohibit discrimination against clients based on their political or religious affiliation.

The issue came to a head after it was revealed that Bank of America sent the FBI and the U.S. Treasury private consumer ...

Texas takes control of park in Eagle Pass along the U.S.-Mexico border to halt endless flow of migrants

January 15, 2024 -

Eagle Pass Mayor Rolando Salinas, a Democrat, said officials from the Texas Department of Public Safety (DPS) informed him on Wednesday, Jan. 10, that state authorities have taken "full control" of Shelby Park as part of an operation to combat unprecedented illegal border crossings. (Related: 50 Texas counties have now passed resolutions declaring an INVASION.)

In a video livestreamed to his official Facebook account, Salinas noted that the city government had not made ...

Another one bites the dust: Investors warn of more economic pain after failure of First Republic Bank

May 04, 2023 -

The investors issued this warning during the Milken Institute's 2023 Global Conference in Beverly Hills, California. According to them, the Federal Deposit Insurance Corporation's (FDIC) seizure of a third U.S. regional bank threatens to constrain credit and accelerate the path toward a severe economic slowdown.

Federal authorities took over FRB on May 1, almost two months after the seizure of Silicon Valley Bank (SVB) on March 10 and Signature Bank on March 12. Rivals PNC ...