Cleitus » January 23rd, 2017
This reminds me of the Reagan years when he first took office! Some of you may remember one day after taking office our US hostages were released. There's a new sheriff in town!!!
Frank26 » January 23rd, 2017
Frank26 » January 23rd, 2017
And ............... i told u so ............ ............ We gonna have FUN tonight !!!
What color do You think we wear tonight ? .......... LOL
Dreamer13 » January 23rd, 2017
What color do You think we wear tonight ? .......... LOL
Dreamer13 » January 23rd, 2017
i am hoping RED down to your socks.
SlappySquirrel » January 23rd, 2017
SlappySquirrel » January 23rd, 2017
Well if the "Monetary Reform" represented a color I would say GOLD would be the best choice. ..So GOLD IT IS FRANK. P.S. prez. T would approve imo...
James49 » January 23rd, 2017
James49 » January 23rd, 2017
Frank I think you should wear red white and blue or are you saving it for the fat lady to sing her final amazing grace of this blessing
Frank26 » January 23rd, 2017
Frank26 » January 23rd, 2017
That would be good too .............. But RED and BLACK is appropriate for tonight.........
Evenstar » January 23rd, 2017
Evenstar » January 23rd, 2017
I believe red means "Red Hot" or "Red Alert" but I wonder what the color black signifies......anyone know???
SlappySquirrel » January 23rd, 2017
Red= Lava flow, Monetary Reform, Revaluation, International, imo
BACKDOC » January 23rd, 2017
BACKDOC » January 23rd, 2017
LIKE I SAID EARLIER WE AWAIT THE NEW DOLLAR WHICH IS ASSET-BACKED AND DIGITAL!
THIS CAN SHOW UP ANY TIME SINCE THE DIGITAL BUILD OUT IS DONE.
THEY WILL TELL US WHEN THEY ARE READY. I WILL HAVE MUCH MORE ON THIS TOPIC SOON! DOC IMO
Walkingstick » January 23rd, 2017
THIS CAN SHOW UP ANY TIME SINCE THE DIGITAL BUILD OUT IS DONE.
THEY WILL TELL US WHEN THEY ARE READY. I WILL HAVE MUCH MORE ON THIS TOPIC SOON! DOC IMO
Walkingstick » January 23rd, 2017
Nobel Laureute Economist: US Should Move to Digital Currency, Get Rid of Fiat
Rebecca Campbell on 23/01/2017
Joseph Stiglitz, Nobel Prize-winning economist recently said that the U.S. should phase out fiat currency and move toward digital currency, at the World Economic Forum’s Annual Meeting in Davos, Switzerland.
Speaking in the session called Ending Corruption, Stiglitz said that phasing out money and introducing digital currency has ‘benefits that outweigh the cost,’ in the long term.
He states by saying:
You can put it into the context of one of the big issues being discussed here in Davos this year is the backlash against globalization, the darker side of globalization. The lack of transparency in global financial markets [and] the secrecy havens that the Panama Papers exposed, just reinforced what we already knew has meant that there is a global framework for both corruption and tax evasion and tax avoidance.
He adds that it is down to these secrecy havens that people are more likely to engage in these activities where they can enjoy the economic returns they receive. However, if these secrecy havens didn’t exist then the benefits linked to these activities would be greatly reduced, Stiglitz states.
One of the country’s that hasn’t done its job in fighting corruption is the United States, according to Stiglitz, and believes that one potential remedy is to phase out fiat money and introduce digital currencies.
He adds: I believe very strongly that for country’s like the United States we could and should move to a digital currency and get rid of currency. There are important issues of privacy [and] cybersecurity, but it would certainly have big advantages.
Yet, while there may be transitional issues, Stiglitz believes that in the long term it’s a move in the right direction.
Bitcoin ‘Shut Down’ by U.S.
Despite his recent views on phasing out fiat currency and introducing a digital currency such as bitcoin, in the past Stiglitz has not always been in favor of the currency, once stating that bitcoin has been ‘shut down’ by the U.S. government.
When asked a question on his opinion of bitcoin at a public event at the London School of Economics in September last year, Stiglitz replied that:
The main use of bitcoin has been to circumvent tax authorities and regulation. I think the US government did the right of thing of shutting or trying to shut it down and I think effectively…it has done that.
Yet, despite his limited view on bitcoin at the time of this quote, he now appears to be in favor of digital currencies such as bitcoin. Not only that, but his slamming of the International Monetary Fund (IMF) in the past for its part in crises faced by economies around the world could illustrate that he is against the banking setup and keen to see physical currency phased out.
He, however, is not the first to embrace the introduction of a cashless society.
Harvard professor and economist Kenneth Rogoff said on CNBC last year that cash provided the ideal avenue for tax evasion. In order to tackle tax evasion and illicit activities, he believes that the amount of physical cash around the world needs to be reduced.
Indian Prime Minister Narendra Modi has already removed 90 percent of his country’s currency from circulation with the removal of Rs 500 and 1,000 notes, to curb tax evasion, corruption, and terrorism.
While the move may have caused panic to begin it helps to open the door to bitcoin, which makes sense in the digital world we live in.
https://www.cryptocoinsnews.com/nobel-laureute-economist-us-move-digital-currency-get-rid-fiat/
Walkingstick » January 23rd, 2017
Rebecca Campbell on 23/01/2017
Joseph Stiglitz, Nobel Prize-winning economist recently said that the U.S. should phase out fiat currency and move toward digital currency, at the World Economic Forum’s Annual Meeting in Davos, Switzerland.
Speaking in the session called Ending Corruption, Stiglitz said that phasing out money and introducing digital currency has ‘benefits that outweigh the cost,’ in the long term.
He states by saying:
You can put it into the context of one of the big issues being discussed here in Davos this year is the backlash against globalization, the darker side of globalization. The lack of transparency in global financial markets [and] the secrecy havens that the Panama Papers exposed, just reinforced what we already knew has meant that there is a global framework for both corruption and tax evasion and tax avoidance.
He adds that it is down to these secrecy havens that people are more likely to engage in these activities where they can enjoy the economic returns they receive. However, if these secrecy havens didn’t exist then the benefits linked to these activities would be greatly reduced, Stiglitz states.
One of the country’s that hasn’t done its job in fighting corruption is the United States, according to Stiglitz, and believes that one potential remedy is to phase out fiat money and introduce digital currencies.
He adds: I believe very strongly that for country’s like the United States we could and should move to a digital currency and get rid of currency. There are important issues of privacy [and] cybersecurity, but it would certainly have big advantages.
Yet, while there may be transitional issues, Stiglitz believes that in the long term it’s a move in the right direction.
Bitcoin ‘Shut Down’ by U.S.
Despite his recent views on phasing out fiat currency and introducing a digital currency such as bitcoin, in the past Stiglitz has not always been in favor of the currency, once stating that bitcoin has been ‘shut down’ by the U.S. government.
When asked a question on his opinion of bitcoin at a public event at the London School of Economics in September last year, Stiglitz replied that:
The main use of bitcoin has been to circumvent tax authorities and regulation. I think the US government did the right of thing of shutting or trying to shut it down and I think effectively…it has done that.
Yet, despite his limited view on bitcoin at the time of this quote, he now appears to be in favor of digital currencies such as bitcoin. Not only that, but his slamming of the International Monetary Fund (IMF) in the past for its part in crises faced by economies around the world could illustrate that he is against the banking setup and keen to see physical currency phased out.
He, however, is not the first to embrace the introduction of a cashless society.
Harvard professor and economist Kenneth Rogoff said on CNBC last year that cash provided the ideal avenue for tax evasion. In order to tackle tax evasion and illicit activities, he believes that the amount of physical cash around the world needs to be reduced.
Indian Prime Minister Narendra Modi has already removed 90 percent of his country’s currency from circulation with the removal of Rs 500 and 1,000 notes, to curb tax evasion, corruption, and terrorism.
While the move may have caused panic to begin it helps to open the door to bitcoin, which makes sense in the digital world we live in.
https://www.cryptocoinsnews.com/nobel-laureute-economist-us-move-digital-currency-get-rid-fiat/
Walkingstick » January 23rd, 2017
India’s Govt-Owned SBI will Launch Wholly Digital Bank
23/01/2017
ndia’s largest bank by assets, the State Bank of India (SBI), will be the first in the country to embrace branch-less banking by launching its digital-only bank, SBI Digi Bank. The move by India’s largest bank is significant, in a country that is exhaustingly reliant on banking at physical locations.
The digital bank will see a launch sometime in the next 3-6 months, according to a report in Indian daily the Economic Times.
The country’s largest lender is initiating its 100% digital banking endeavor within months of an unprecedented demonetization drive enforced by the Indian central government toward the end of 2016.
A source for the publication confirmed the digital-only offering, stating:
We are working on a digital-only bank where no individual will be visible to the customer and all transactions will be done with the help of apps, internet banking and mobile banking. It will be an omni-channel, omni-device digital bank which will be available to both new and existing customers.
The Digital Switch
The pioneering move by the government-owned bank is telling and represents a marked effort to switch over to a technologically-forward operating model in the banking industry. SBI’s counterparts in private banks – traditionally known to adopt the technology route first – are certain to follow SBI’s example in offering their services digitally. HDFC Bank, India’s largest private bank by assets, has already announced its artificial intelligence (AI) program that will see humanoid robots assist customers at physical locations.
The banking system in India, while functional, is heavily reliant on manpower and telecommunications. It’s often time-consuming and sees a lot of paperwork, rendering the entire system inefficient and frustrating to consumers who are short on options. New Fintech payment platforms are slowly gaining traction, enabling instant settlements and with rapid strides taken with customer support.
SBI’s Digi Bank is certain to help accelerate the process toward increased efficiency in the banking system through digitization.
The ET’s source further added that SBI Digi Bank will be universally accessible across all platforms as a device-agnostic platform that will use India’s Aadhar initiative – the country’s sweeping ID program – for the KYC process.
“So there will not be any paper, we will onboard customers online using e-KYC and all services will be provided digitally,” the ET source added.
A number of common banking features and services, including opening current and savings accounts, insurance products, loan offerings, mutual funds and more will all be offered at SBI’s Digi Bank. Infrastructural upgrades have already been made to support the digital-only bank. SBI’s 14,000+ branches across the country only recently improved its network bandwidth from an outdated 64 Kbps (dial-up standard) to a more-acceptable 2 Mbps link.
Big on Blockchain Tech
While India’s largest bank switches its attention toward digitization, a growing number of banks from the country’s private banking sector are looking toward blockchain technology, particularly in payments and trade finance.
ICICI Bank created a digital division to harness blockchain technology last year and soon revealed a successful pilot of blockchain transactions, one of which enabled a near real-time, cross-border remittance transaction to a partner bank in Dubai.
That effort was followed up by two other private banks, Axis and Kotak Mahindra, to reveal their own blockchain-based endeavors in implementing the technology in core banking processes. More recently, YES Bank, another private sector bank in the country announced its effort to introduce blockchain technology toward automation of vendor financing solutions.
Most notable of all, the research arm of India’s central bank deemed blockchain technology to have “matured enough” to be the platform toward the digitization of the rupee, India’s fiat currency
https://www.cryptocoinsnews.com/indias-govt-owned-sbi-will-launch-wholly-digital-bank/
Doodlebug » January 23rd, 2017
23/01/2017
ndia’s largest bank by assets, the State Bank of India (SBI), will be the first in the country to embrace branch-less banking by launching its digital-only bank, SBI Digi Bank. The move by India’s largest bank is significant, in a country that is exhaustingly reliant on banking at physical locations.
The digital bank will see a launch sometime in the next 3-6 months, according to a report in Indian daily the Economic Times.
The country’s largest lender is initiating its 100% digital banking endeavor within months of an unprecedented demonetization drive enforced by the Indian central government toward the end of 2016.
A source for the publication confirmed the digital-only offering, stating:
We are working on a digital-only bank where no individual will be visible to the customer and all transactions will be done with the help of apps, internet banking and mobile banking. It will be an omni-channel, omni-device digital bank which will be available to both new and existing customers.
The Digital Switch
The pioneering move by the government-owned bank is telling and represents a marked effort to switch over to a technologically-forward operating model in the banking industry. SBI’s counterparts in private banks – traditionally known to adopt the technology route first – are certain to follow SBI’s example in offering their services digitally. HDFC Bank, India’s largest private bank by assets, has already announced its artificial intelligence (AI) program that will see humanoid robots assist customers at physical locations.
The banking system in India, while functional, is heavily reliant on manpower and telecommunications. It’s often time-consuming and sees a lot of paperwork, rendering the entire system inefficient and frustrating to consumers who are short on options. New Fintech payment platforms are slowly gaining traction, enabling instant settlements and with rapid strides taken with customer support.
SBI’s Digi Bank is certain to help accelerate the process toward increased efficiency in the banking system through digitization.
The ET’s source further added that SBI Digi Bank will be universally accessible across all platforms as a device-agnostic platform that will use India’s Aadhar initiative – the country’s sweeping ID program – for the KYC process.
“So there will not be any paper, we will onboard customers online using e-KYC and all services will be provided digitally,” the ET source added.
A number of common banking features and services, including opening current and savings accounts, insurance products, loan offerings, mutual funds and more will all be offered at SBI’s Digi Bank. Infrastructural upgrades have already been made to support the digital-only bank. SBI’s 14,000+ branches across the country only recently improved its network bandwidth from an outdated 64 Kbps (dial-up standard) to a more-acceptable 2 Mbps link.
Big on Blockchain Tech
While India’s largest bank switches its attention toward digitization, a growing number of banks from the country’s private banking sector are looking toward blockchain technology, particularly in payments and trade finance.
ICICI Bank created a digital division to harness blockchain technology last year and soon revealed a successful pilot of blockchain transactions, one of which enabled a near real-time, cross-border remittance transaction to a partner bank in Dubai.
That effort was followed up by two other private banks, Axis and Kotak Mahindra, to reveal their own blockchain-based endeavors in implementing the technology in core banking processes. More recently, YES Bank, another private sector bank in the country announced its effort to introduce blockchain technology toward automation of vendor financing solutions.
Most notable of all, the research arm of India’s central bank deemed blockchain technology to have “matured enough” to be the platform toward the digitization of the rupee, India’s fiat currency
https://www.cryptocoinsnews.com/indias-govt-owned-sbi-will-launch-wholly-digital-bank/
Doodlebug » January 23rd, 2017
Is Abu Bakr Al-Baghdadi Alive? ISIS Leader's Health, US Airstrike Subject Of Conflicting Reports
01/23/17 AT 1:05 PM
Despite reports to contrary, the leader of the so-called Islamic State group Abu Bakr al-Baghdadi has not been injured in an air strike, reported Fox News Monday.
"Pentagon officials say reports of ISIS emir Abu Bakr al-Baghdadi being wounded in airstrike are false," posted Fox News reporter Lucas Tomlinson to Twitter.
The report from Tomlinson followed unconfirmedreports that al-Baghdadi had been critically injured in a air strike from a U.S.-led coalition. The claims, many of which were published in British tabloids citing local reports, suggested that the leader of the terrorist group had been injured in a strike in Al-Ba'aj in northern Iraq.
A Department of Defense official told International Business Times Monday in a phone interview that they "were aware of the reports." Spokesman Eric Pahon told IBT that "at this time we have no validation," of the reports that al-Baghdadi had been injured in a strike. Pahon declined to confirm whether or not the strike took place, saying "we don't have any further information on that."
Al-Baghdadi has been a regular subject of death rumors. The State Department has offered a $25 million reward for the leader of the group also known as ISIL. After not being spotted for months, a U.S. official told CNN in late December that "in the last few weeks we've been aware of some of Baghdadi's movements." The same report also stated that previous rumors of al-Baghdadi's death or injury were untrue. Pentagon Press Secretary Peter Cook later told CNN's Jim Sciutto on TV on Dec. 30 that they believed al-Baghdadi still led ISIS.
"What I can tell you is we do think Baghdadi is alive and is still leading ISIL and we are obviously doing everything we can to track his movements," he said. "And if we get the opportunity, we certainly would take advantage of any opportunity to deliver him the justice he deserves. But I won't get into it beyond that. We're doing everything we can. This is something we're sending a lot of time on."
http://www.ibtimes.com/abu-bakr-al-baghdadi-alive-isis-leaders-health-us-airstrike-subject-conflicting-2479595
01/23/17 AT 1:05 PM
Despite reports to contrary, the leader of the so-called Islamic State group Abu Bakr al-Baghdadi has not been injured in an air strike, reported Fox News Monday.
"Pentagon officials say reports of ISIS emir Abu Bakr al-Baghdadi being wounded in airstrike are false," posted Fox News reporter Lucas Tomlinson to Twitter.
The report from Tomlinson followed unconfirmedreports that al-Baghdadi had been critically injured in a air strike from a U.S.-led coalition. The claims, many of which were published in British tabloids citing local reports, suggested that the leader of the terrorist group had been injured in a strike in Al-Ba'aj in northern Iraq.
A Department of Defense official told International Business Times Monday in a phone interview that they "were aware of the reports." Spokesman Eric Pahon told IBT that "at this time we have no validation," of the reports that al-Baghdadi had been injured in a strike. Pahon declined to confirm whether or not the strike took place, saying "we don't have any further information on that."
Al-Baghdadi has been a regular subject of death rumors. The State Department has offered a $25 million reward for the leader of the group also known as ISIL. After not being spotted for months, a U.S. official told CNN in late December that "in the last few weeks we've been aware of some of Baghdadi's movements." The same report also stated that previous rumors of al-Baghdadi's death or injury were untrue. Pentagon Press Secretary Peter Cook later told CNN's Jim Sciutto on TV on Dec. 30 that they believed al-Baghdadi still led ISIS.
"What I can tell you is we do think Baghdadi is alive and is still leading ISIL and we are obviously doing everything we can to track his movements," he said. "And if we get the opportunity, we certainly would take advantage of any opportunity to deliver him the justice he deserves. But I won't get into it beyond that. We're doing everything we can. This is something we're sending a lot of time on."
http://www.ibtimes.com/abu-bakr-al-baghdadi-alive-isis-leaders-health-us-airstrike-subject-conflicting-2479595