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Trump’s fraud case bond payment reduced to $175 million, delaying AG James’ efforts to seize assets

a month ago -

This is the ruling of a New York appeals court that decided Trump has just 10 days from March 26 to pay the $175 million bond for his civil fraud case.

Back in February, Manhattan Supreme Court Judge Arthur Engoron ordered Trump and his co-defendants, which include his two adult sons and several former Trump Organization executives, to fork over $460 million in damages and interest for making fraudulent valuations of Trump's business assets.

The appellate court's ruling ...

COLLAPSE? Bond bloodbath commences as Fed’s desperate fight against inflation fails

October 27, 2023 -

It is also finally admitting it cannot normalize interest rates after having spent 18 months believing in the hype about a Fed pivot and rate cuts to something like zero percent that would be forced on the Fed by a steep recession, with lots of forever-quantitative easing (QE) to follow.

The latest retail report reflected high increases in retail sales that were in good part due to high increases in inflation. Richter called the occurrence a "bond bloodbath." "Today, ...

Judge sides with Trump, rejects New York AG’s challenge to $175M bond

a day ago - bond payment reduced to $175 million, delaying AG James' efforts to seize assets.)

During the non-jury civil fraud trial, lawyers for the Empire State's AG argued that the bond – which was reduced from a higher initial amount – should be voided. They expressed concerns over whether KSI could actually fulfill the bond payment if required.

But Engoron's April 22 ruling upheld the validity of Trump's bond – and added a few stipulations. It must be in cash, ...

BRICS to create blockchain-based payment system – Putin aide

2 months ago -

The BRICS group of emerging economies plans to create a payment system based on digital technologies, Yury Ushakov, a senior foreign policy aide to Russian President Vladimir Putin, has told TASS in an interview published on Tuesday.

(Article republished from YourNews.com)According to Ushakov, the system would be “outside of politics” and would not depend on national agendas or the fiat currencies of countries around the globe.

“We believe that an important goal ...

Bond investors warn: Brace for INEVITABLE RECESSION caused by Fed’s continued RATE HIKES

June 16, 2023 -

The investors' warnings contrasted with the Biden administration's narrative of U.S. stocks returning to a bull market, the economy outperforming expectations and the threat of an economic collapse being mitigated. Sticking to their pessimistic forecasts, they advised against hedging any bets on risk assets.

Steve Ellis, global fixed-income chief investment officer at Fidelity International, remarked he is most concerned about "something akin to a credit crunch." A report ...

U.S. Treasury intercepts payment for “Police State” documentary ad campaign

November 12, 2023 -

Doing exactly what the film itself warns is becoming normalized, the Treasury, a federal government agency, blocked a transaction to the Salem Media Group, which produced "Police State."

The Financial Crimes Enforcement Network of the U.S. Department of the Treasury, which even more ironically enough is responsible for tracking terrorism and narcotics trafficking, decided to "intercept" a $106,000 payment that was intended to purchase ads for the D'Souza film.

The ...

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 ...

US Treasury Department intercepted payment for “Police State” documentary ad campaign

November 08, 2023 -

(Article by Cindy Harper republished from ReclaimTheNet.org)

With its recent premiere, both online and in theaters across the US, Dinesh D’Souza’s chilling production digs into the deeply troubling evolution of an escalating police state targeting the common citizen; the unprecedented political persecution orchestrated under the Biden regime is uncloaked for all to see. Thousands eagerly tuned in – made possible by a partnership with Dan Bongino – as the true extent ...

Top Russian banker calls for end of Western payment systems like SWIFT

4 days ago -

Addressing the Data Fusion 2024 conference on Thursday, April 18, Andrey Kostin, CEO of Russia's third-largest bank VTB, advocated for the advancement of digital financial settlements within Russia and its allied nations, and a shift away from Western-controlled transaction settlement platforms like SWIFT. He argued that such a move would diminish the dominance of the dollar and enable full sovereignty in the financial sector.

Kostin asserted, "We need to eliminate SWIFT from ...

JPMorgan to launch biometric payment system as next step in Orwellian financial surveillance

a month ago -

The country's biggest bank will be using PopID for the project, a technology that uses facial recognition and other methods to verify the identity of an individual.

Pilot projects are already underway, with one of the first trials taking place at the Formula 1 race in Miami. More trials are planned for this year, with a broad rollout expected to follow next year.

According to JPMorgan, this approach will be safer and quicker than traditional methods of authentication ...

Starbucks teams up with Amazon to launch BIOMETRIC payment system in certain locations

May 17, 2023 -

According to Reclaim the Net, the program will be launched in selected Starbucks stores in the city of Edmonds in Washington state. The pilot of the Amazon One system will serve as a bellwether to determine whether older people will embrace the new technology.

As of writing, the use of the biometric payment system at Starbucks locations remains voluntary and other payment options are still available. But reception of Amazon One has been mixed so far, with attendants reporting ...

DUMPING DEBT: Nearly two dozen countries, including many US allies, are dumping their US Treasury bond holdings

July 31, 2023 -

China began its long process of selling off its massive U.S. debt holdings in June 2019, when it was removed from its top spot as the largest foreign owner of U.S. Treasuries as Japan increased its own bond holdings. By April 2022, U.S. Treasuries held by the Chinese dropped below the $1 trillion mark.

From December 2022 to March, China sold over $31.3 billion in U.S. debt. By the end of July, China once again sold $46.2 billion in U.S. Treasuries. Current estimates of ...

Dedollarization efforts continue as India pushes Gulf crude exporters to accept payment in rupees

2 months ago -

The move stems from fears that India's rising energy demand could have the effect of weakening the rupee further. This is because refiners in India have to sell rupees and buy American dollars for settling crude payments. India currently depends on imports to supply more than 85% of its crude needs, which means that the country is essentially at the mercy of foreign exchange conversions to American dollars.

India is also hoping to leverage its crude consumption increase ...

Biden’s $6 billion ransom payment to Iran motivates Hamas to take more American hostages

October 17, 2023 -

Under the deal, $6 billion worth of Iran’s assets that had been frozen in South Korea were unfrozen and transferred to bank accounts in Qatar in exchange for the release of five detained Americans. While the Biden administration insists that the money may only be used for humanitarian efforts, it means that a considerable amount of money has been freed up and Iran is now in a better position financially to support the terrorists.

In addition to freeing up billions of ...

BRICS nations to create independent blockchain-based payment system as part of sweeping dedollarization infrastructure

a month ago -

BRICS is a geopolitical bloc that is made up of Brazil, Russia, India, China, South Africa, Iran, Ethiopia, the United Arab Emirates and Egypt. It was originally an alliance of emerging market nations, but recent additions have placed some more developed, higher-income countries on their roster.

Relying on blockchain will simplify payments by authenticating them in real time with a decentralized network. The technology is already used for digital currencies such as Bitcoin ...

Manhattan DA warns of MOBILE PAYMENT FRAUD: Two taps and someone’s life savings could be gone

February 26, 2024 -

Reportedly now handling an estimated $1 trillion in payments, Bragg said these apps are exposing its users to scammers and thieves – costing them a lot of their hard-earned cash.

The DA addressed the letters to the parent companies of Venmo, Cash App and Zelle. In his letters, Bragg demanded the app owners and operators "improve their security and protect their users from scams and thefts." He specifically requested that they "impose limits on transactions, require ...

Brace yourself: Ongoing Treasury bond collapse ranks among worst in market crash history – and the carnage has only just begun

October 09, 2023 -

According to reports, Treasury bonds with maturities of 10 years or more have plummeted 46 percent since March 2020 when the Wuhan coronavirus (COVID-19) "pandemic" was declared as cover for the hemorrhaging financial system and mini-crash that occurred around that same time.

The last time Treasury bond losses were this large was back during the dot-com bubble burst at the turn of the 21st century.

Meanwhile, the bond rout is currently worse than the one that ...

FTX legacy? JPMorgan explores blockchain-based deposit token as new payment vehicle… backed by the bank itself

September 14, 2023 -

According to a person familiar with the work who asked not to be identified, America's largest bank by assets has already developed the majority of the underlying infrastructure for the new payment vehicle to work. It is just waiting on final approval from U.S. regulators before actually creating the token. But the source said that once JPMorgan gets the approval, it will likely launch the product for use by corporate clients within a year.

"Deposit tokens bring plenty ...

Amazon rolling out PAY-BY-PALM services as new payment tech at all Whole Foods Market stores

July 25, 2023 -

Initially launched in 2021, Amazon One will be fully operational for both payment and Prime membership benefits to more than 500 upscale grocery chain locations in the U.S. by the end of this year. Instead of conventional payment methods, customers will simply hover their palms over an Amazon One device to complete transactions.

The advanced palm recognition technology that creates a unique palm signature for each user, launched one of its newest features – the integration ...

Electronic message from Hunter Biden demanded payment from Chinese businessman: ‘I am sitting here with my father’

July 02, 2023 -

An IRS whistleblower provided members of the House Oversight Committee with a WhatsApp message from Hunter to Chinese businessman Henry Zhao that directly implications Joe Biden as being in the same room at the same time with his son as he demanded payment.

Breitbart News reported this week:

Henry Zhao was influential in forming Harvest Fund Management. “He was elected the chairman of the board in November 2017. Under his leadership, Harvest has become one of China’s ...