Category: Global Economy

Archbishop tells UN we need World Government

The Vatican’s Chief Foreign-Policy official, Archbishop Dominque Mamberti ,tells the UN General Assembly that the world has lost confidence in the moral principals that sustain the organization.

The archbishop states that international problems and the economic fears is due to “a profound anthropological crisis—that is, a loss of a common understanding of what is truly human.” The Vatican official explained that “only an international community firmly anchored in authentic values consistent with human dignity can produce viable solutions to new types of conflicts.”

Referring to terrorism, Mamberti  said there needed to be a consensus of mortality  as an antidote  to “new types of conflicts initiated by transnational groups that spread a pseudo-religious ideology of contempt for human rights and civil peace.” He said that the problem is shown “most flagrantly by current developments in the Middle East, and in particular in Syria.”

The archbishop praised the UN’s work for world peace but felt the structure was lacking, stating the organization “deprived of the force of unity and persuasive power that it could legitimately have” because of the lack of a clear international accord on basic moral principles, such as those that were set forth earlier in fundamental international agreements on human rights.

 “How is it,” the archbishop questioned, “that in spite of universal acceptance of the UN charter and fundamental treaties, we cannot establish a real and equitable system of world government?”

Mamberti also mentioned the disparity between the rich and the poor and that “world wide action” is needed to quell the global financial crisis.

Source: catholicculture.org,

My Comment:

Anyone with eyes to see, can see the woman riding the beast. The Vatican is demanding quick action by the UN to bring in world government and a world currency.

It is clear the Vatican is getting impatient by basically asking “Now that you have world wide approval from the nations and everything is in place, why don’t we have world government yet?!”

The Vatican notes,that they will approve of this new world order as long as all of her doctrines and dogmas are accepted into the world religion to come with it.

After the murder of the USA ambassadors, Catholic  Bishop Giovanni Martinelli, the apostolic vicar of Tripoli, told Vatican Insider that Western countries should have the “courage” to ban “all blasphemous projects” and establish “a policy that is respectful of religion.”

This is the beginning of the world religion that will be implemented into the fast approaching world government. No one will be able to insult Islam or Catholicism or other world religions. Freedom of speech will be quelled because the true Gospel will be called hate speech.

The underground church will again resurface as we will join our brothers and sisters who worship in secret in many places around the world.

Revelation 17:1-2

 One of the seven angels who had the seven bowls came and said to me, “Come, I will show you the punishment of the great prostitute, who sits by many waters. With her the kings of the earth committed adultery, and the inhabitants of the earth were intoxicated with the wine of her adulteries.”

 

Permanent link to this article: http://discerningthetimes.me/?p=4243

US Prepares for Riots, Buys 1.2 Billion Bullets

Here is a really interesting story about the US government purchasing over 1.2 billion bullets! For what? What do they know is coming and they are not telling us? They are even purchasing hollow tip bullets. Stay tuned… Stay alert….. Prepare….

U.S. Homeland Security is preparing for an all-out “American Spring” rebellion and has bought 1.2 billion bullets for counterterrorist snipers.  

An additional 200 million bullets are to be purchased, according to Infowars.com writer and author Paul Joseph Watson.

The new purchase is for .223 rifle ammunition, plus another 176,000 rounds of .308 caliber 168 grain hollow point boat tail (HPBT) rounds in addition to 25,000 rounds of blank .308 caliber bullets.

“It is the type of ammunition and not necessarily the quantity that is troubling,” James Smith Prepper Podcast was quoted as saying.

“All of the sniper grade ammunition is being used by trained, or in-the-process-of-being-trained snipers,” wrote Smith. Adding up the number of lethal bullets tallies a potential 135,384 kills for the snipers, based on U.S. Army and Marine figures from the Vietnam War, when soldiers used 1.3 rounds of ammunition for each verified kill.

Homeland Security’s purchases of the huge arsenal “is both worrying and ironic given that Americans are being harassed and treated with suspicion for buying a couple of boxes of ammo at their local gun store,” Watson wrote.

Government officials have refused to comment.

Nearly half a billion rounds of ammunition purchased last March expand on entry into a body to cause maximum wounds. The large number of bullets raises questions if such large quantities are needed only for training.

In addition, 750 million bullets can penetrate walls.

The Homeland Security purchases are in addition to a controversial 174,000 bullets purchased by the Social Security Administration and reported by mainstream media, which has largely overlooked Homeland Security’s huge arsenal or has considered it a result of paranoia.

However, the U.S. Army has been preparing for rebellion in the streets, and a Military Police training manual, entitled “Civil Disturbance Operations” describes how to suppress riots and kill civilians when confronting “dissidents.” The manual states, “Warning shot will not be fired,” Watson reported.

 

Permanent link to this article: http://discerningthetimes.me/?p=4184

Food Inflation, Food Shortages And Food Riots Are Coming

A devastating global food crisis unlike anything we have ever seen in modern times is coming. Crippling drought and bizarre weather patterns have damaged food production all over the world this summer, and the UN and the World Bank have both issued ominous warnings about the food inflation that is coming.

To those of us in the Western world, a rise in the price of food can be a major inconvenience, but in the developing world it can mean the difference between life and death. Just remember what happened back in 2008. When food prices hit record highs it led to food riots in 28 different countries. Today, there are approximately 2 billion people that are malnourished around the globe. Even rumors of food shortages are enough to spark mass chaos in many areas of the planet. When people fear that they are not going to be able to feed their families they tend to get very desperate. That is why a recent CNN article declared that “2013 will be a year of serious global crisis”.

The truth is that we are not just facing rumors of a global food crisis – one is actually starting to unfold right in front of our eyes. The United States experienced the worst drought in more than 50 years this summer, and some experts are already declaring that the weather has been so dry for so long that tremendous damage has already been done to next year’s crops. On the other side of the world, Russia, Ukraine and Kazakhstan have all seen their wheat crops devastated by the horrible drought this summer. Australia has also been dealing with drought, and in India monsoon rains were about 15 percent behind pace in mid-August. Global food production is going to be much less than expected this year, and global food demand continues to steadily rise. What that means is that food inflation, food shortages and food riots are coming, and it isn’t going to be pretty.

The United States exports more food than anyone else in the world, and that is why the entire globe has been nervously watching the horrific drought in the United States this summer with deep concern.

It has been the worst drought in more than 50 years, and it has absolutely devastated corn crops all over the nation. According to Bill Witherell, the U.S. corn crop this year “is said to be on a par with that of 1988 crop, the worst in the past thirty years.”

Sadly, this will be the third year in a row that the yield for corn has declined in the United States.

That has never happened before in the history of the United States.

And coming into this year we were already in bad shape. In fact, U.S. corn reserves were sitting at a 15-year low at the end of 2011.

So where will we be at the end of 2012?

The official estimates for corn yields put out by the U.S. government just keep dropping, but many fear that they aren’t dropping quickly enough. There have been some reports on the ground from some areas of the country that have been very distressing. The following is from a recent Wall Street Journal article….

Meanwhile, scouts with the Pro Farmer Midwest Crop Tour on Monday reported an average estimated corn yield in Ohio of 110.5 bushels per acre, down from the tour’s estimate of 156.3 bushels a year ago. In South Dakota, tour scouts reported an average yield estimate of just 74.3 bushels per acre, down from 141.1 bushels a year ago.

Those are catastrophic numbers.

But farmers are not the only ones that have been impacted by the dry weather. A recent article by Chris Martenson summarized some of the other effects of this drought…..

Even though the mainstream media seems to have lost some interest in the drought, we should keep it front and center in our minds, as it has already led to sharply higher grain prices, increased gasoline costs (via the pass-through of higher ethanol costs), impeded oil and gas drilling activity in some areas (due to a lack of water), caused the shutdown of a few operating electricity plants, temporarily reduced red meat prices (but will also make them climb sharply later) as cattle are dumped in response to feed- and pasture-management concerns, and blocked and/or reduced shipping on the Mississippi River. All this and there’s also a strong chance that today’s drought will negatively impact next year’s Winter wheat harvest, unless a lot of rain starts falling soon.

Ranchers have had a particularly hard time during this drought. If you expect to pay about the same for meat this time next year as you are doing now you are going to be deeply disappointed. The following is from a recent Reuters article….

The worst drought to hit U.S. cropland in more than half a century could soon leave Americans reaching deeper into their pockets to fund a luxury that people in few other countries enjoy: affordable meat.

Drought-decimated fields have pushed grain prices sky high, and the rising feed costs have prompted some livestock producers to liquidate their herds. This is expected to shrink the long-term U.S. supply of meat and force up prices at the meat counter.

All over the western United States pastures have been destroyed and there is not enough hay. It would be hard to overstate the damage that this nightmarish drought is doing to our ranchers….

I spoke with Caldwell [of Indiana horse rescue] and a number of other horse-rescue organizations around the country by telephone this week. The relentlessly hot dry weather, amplified in many areas by wildfire, has been devastating to farmers, ranchers and other horse owners.

‘Everybody is using their winter hay now. The pastures are destroyed and they probably won’t recover before winter,’ said Caldwell. ‘The price of hay has doubled, and the availability is down by 75 percent.’

Caldwell is somewhat sanguine about his own lot, but not optimistic about what lies ahead.

‘Today the problem is not nearly as bad as it’s going to be,’ he told me. ‘It’s terribly bad today, but it is going to get a lot worse.’

But of course as I mentioned earlier this is not just an American problem.

The truth is that the entire globe is facing a rapidly growing food crisis.

According to the UN, the global price of food rose 6 percent in the month of July alone.

According to the World Bank, global food prices actually rose 10 percent during July.

Either figure is really, really bad.

The other day, the UN Food and Agriculture Organization, the International Fund for Agricultural Development and the World Food Program issued a joint statement in which they stated the following….

‘We need to act urgently to make sure that these price shocks do not turn into a catastrophe hurting tens of millions over the coming months.’

If the price of food at our supermarkets suddenly went up 20 percent that would really stretch our family budgets here in the United States, but we would survive.

On the other side of the globe, such a price change can mean the difference between life and death. The following is from the CNN article mentioned above….

But step outside the developed world, and the price of food suddenly becomes the single most important fact of human economic life. In poor countries, people typically spend half their incomes on food — and by ‘food,’ they mean first and foremost bread.

When grain prices spiked in 2007-2008, bread riots shook 30 countries across the developing world, from Haiti to Bangladesh, according to the Financial Times. A drought in Russia in 2010 forced suspension of Russian grain exports that year and set in motion the so-called Arab spring.

Already, 18 million people in Niger, Mali, Chad, Mauritania and Senegal are dealing with very serious food shortages.

In Yemen, things are even worse….

Yemen has a catastrophic food crisis. Nearly half the population, 10 million people, does not have enough to eat. While 300,000 children are facing life threatening levels of malnutrition.

The United Nations says Yemen is already in the throes of a disaster.

‘The levels are truly terrible. Whatever we do thousands upon thousands of children will die this year from malnutrition,’ Unicef’s man in Yemen, Geert Cappelaere, said.

‘In some areas child malnutrition is at 30%, to put it in context, an emergency is 15%. It is double that already.’

But this is just the beginning. These food shortages are going to spread and we will eventually see food riots that will absolutely dwarf the food riots of 2008.

Many scientists fear the worst. Some are even now warning that food shortages will become so severe that they will eventually force much of the globe on to a vegetarian diet….

Leading water scientists have issued one of the sternest warnings yet about global food supplies, saying that the world’s population may have to switch almost completely to a vegetarian diet over the next 40 years to avoid catastrophic shortages.

Humans derive about 20% of their protein from animal-based products now, but this may need to drop to just 5% to feed the extra 2 billion people expected to be alive by 2050, according to research by some of the world’s leading water scientists.

‘There will not be enough water available on current croplands to produce food for the expected 9 billion population in 2050 if we follow current trends and changes towards diets common in western nations,’ the report by Malik Falkenmark and colleagues at the Stockholm International Water Institute (SIWI) said.

The days of very cheap meat are coming to an end. Meat will be increasingly viewed as a “luxury” around the globe from now on.

Sadly, there are some in the financial world that actually intend to make lots of money off of this crisis….

The United Nations, aid agencies and the British Government have lined up to attack the world’s largest commodities trading company, Glencore, after it described the current global food crisis and soaring world prices as a ‘good’ business opportunity.

With the US experiencing a rerun of the drought ‘Dust Bowl’ days of the 1930s and Russia suffering a similar food crisis that could see Vladimir Putin’s government banning grain exports, the senior economist of the UN’s Food and Agriculture Organisation, Concepcion Calpe, told The Independent: ‘Private companies like Glencore are playing a game that will make them enormous profits.’

Does that disturb you?

It should.

Driving up the price of food for starving people is not a good way to make money. Food is one of our most basic needs. When people are deprived of food they become very desperate.

Just look at what is already happening in Spain. The economic crisis in that country has just begun, and people are already looting supermarkets. You can see a video news report about Spanish activists looting 3 tons of food from local supermarkets right here.

Much of that food was donated to food banks, but in the future I am sure that the desperate “activists” will not be so generous when things get really tight.

In other areas of Spain, large numbers of people have been filmed digging through trash dumpsters for food.

Could you ever see yourself doing that? Don’t be so sure that hunger will never come to America. Right now, a record 46.7 million Americans are on food stamps, and anti-hunger organizations all around the country are reporting more of a need than ever before.

For now the federal government is able to feed the tens of millions of Americans that do not have enough money for food, but what happens when a day comes when the federal government stops doing that?

And what happens if the drought in the United States continues throughout the winter and into next summer and Dust Bowl conditions return to the United States?

In a previous article entitled “17 Signs That You Better Start Preparing For A Nightmarish Global Food Crisis”, I detailed some more of the reasons why people need to start preparing for food inflation and food shortages.

In the past we could always go out to the supermarket or to Wal-Mart and fill up our shopping carts with huge piles of very cheap food whenever we wanted to.

It will not always be that way.

Get prepared while you still can.

Permanent link to this article: http://discerningthetimes.me/?p=4116

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

What do these guys know that we don’t! I pray that you all remember the Joseph principle. Go back and read the story of Joseph and the dreams he interpreted for Pharoah. Keep looking up!

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

Are you willing to bet against three of the wealthiest men in the entire world?  Jacob Rothschild recently bet approximately 200 million dollars that the euro will go down.  Billionaire hedge fund manager John Paulson made somewhere around 20 billion dollars betting against the U.S. housing market during the last financial crisis, and now he has made huge bets that the euro will go down and that the price of gold will go up.  And as I wrote about in my last article, George Soros put approximately 130 million more dollars into gold last quarter.  So will the euro plummet like a rock?  Will the price of gold absolutely soar?  Well, if a massive financial disaster does occur both of those two things are likely to happen.  The European economy is becoming more unstable with each passing day, and investors all over the globe are looking for safe places to put their money.  The mainstream media keeps telling us that everything is going to be okay, but the global elite are sending us a much, much different message by their actions.  Certainly Rothschild, Paulson and Soros know about things happening in the financial world that the rest of us don’t.  The fact that they are all behaving in a consistent manner right now should be alarming for all of us.

Let’s start with Jacob Rothschild.  Apparently he believes that the euro is headed for quite a tumble.  The following is from a recent CNBC article….

You know the euro is in deep water when a doyen of the banking industry, Lord Jacob Rothschild takes a £130 million ($200 million) bet against it.

Okay, but the euro has already been falling dramatically.  In mid-2011, the EUR/USD was above the 1.40 mark, and right now it is at about 1.23.

Does it really have that much more that it can fall?

If the eurozone ends up breaking apart it sure does.

If there is a Greek default, or if Germany leaves the euro, or if a new currency comes along to replace the euro those currently betting against it will end up looking like geniuses.

Another big name in the financial world that is betting against the euro right now is John Paulson.  The following is from a recent Der Spiegel article….

One of these warriors is John Paulson. The hedge fund manager once made billions by betting on a collapse of the American real estate market. Not surprisingly, the financial world sat up and took notice when Paulson, who is now widely despised in America as a crisis profiteer, announced in the spring that he would bet on a collapse of the euro.

And as I noted in my last article, Paulson has also been putting billions of dollars into gold.

So just what are Rothschild and Paulson anticipating?

Could we be on the verge of a massive financial collapse in Europe?

According to the Der Spiegel article mentioned above, a lot of investors seem to be preparing for such a possibility right now….

Banks, companies and investors are preparing themselves for a collapse of the euro. Cross-border bank lending is falling, asset managers are shunning Europe and money is flowing into German real estate and bonds. The euro remains stable against the dollar because America has debt problems too. But unlike the euro, the dollar’s structure isn’t in doubt.

The financial world is starting to wake up to the fact that the globe is absolutely drowning in debt and it is not really good to be holding fiat currencies when a debt crisis erupts.

When men like John Paulson and George Soros start pouring huge amounts of money into gold, it is time to start becoming alarmed about the state of the global financial system.

The amount of money that these men are investing in gold is staggering….

There was also news last week in an SEC filing that both George Soros and John Paulson had increased their investment in SPDR Gold Trust, the world’s largest publicly traded physical gold exchange traded fund (ETF).

Mr Soros upped his stake in the ETF to 884,400 shares from 319,550 and Mr Paulson bought 4.53m shares, bringing his stake to 21.3m.

At the current price of about $156 a share, these are new investments of about $88m of Mr Soros’ cash and more than $700m from Mr Paulson’s funds. These are significant positions.

And the central banks of the world are certainly buying gold at an unprecedented rate as well.  According to the World Gold Council, the central banks of the world added 157.5 metric tons of gold last quarter.  That was the biggest move into gold by the central banks of the globe that we have seen in modern financial history.

But that might just be the beginning.

According to a recent Marketwatch article, there are persistent rumors that China has plans to buy thousands of metric tons of gold….

Within the gold market, there is unconfirmed speculation that China plans to buy up to at least 5,000 to 6,000 metric tons of gold and that it will start to buy during this year, according to Kevin Kerr, president of Kerr Trading International.

If China buys this much gold, that would exceed annual, global production of gold, he said. “We do not have enough gold for China to buy that much, and it will take China time to purchase this amount of gold.”

So what comes next?

Nobody is quite sure.

Another major financial crisis could erupt in Europe at any moment.

A major war in the Middle East could start literally at any time.

Renowned investor Jim Rogers believes that things are really going to get “bad after the next election“.

Others believe that the action could start even sooner than that.

The truth is that even though we have not seen a “Lehman Brothers moment” yet, things in Europe just continue to get progressively worse.  The following is from a recent article by Mark E. Grant….

Whether you turn your attention to Greece, Spain, Italy, Portugal or even Ireland; it is getting worse. Nowhere on the Continent are things improving and even in France and Germany the financial strains are beginning to show. It is not a question of Euro-bear or Euro-bull; it is just the numbers as they come rolling out month after month.

There is a growing realization in Europe that the euro simply does not work.  Italy is absolutely drowning in debt, the Spanish economy has basically descended into a depression, and Greece has been experiencing depression-like conditions for years at this point.

The euro is doomed.  The only question is who is going to blink first.

Nobody wants to be the first to leave the euro.  There are rumblings that it could actually be Finland that leaves the euro first, and that would please Germany just fine because they don’t want to look like the bad guys in all of this.

But that doesn’t mean that Germany won’t eventually pull the trigger if nobody else does.  The German public is sick and tired of bailing out the weak sisters of southern Europe, and at this point it looks like it would take perpetual bailouts just to keep the euro together.

And recently there have been lots of little signs that Germany is starting to move slowly toward the exit doors.

In fact, I found it quite interesting that a giant euro sculpture was recently removed from the Frankfurt International Airport….

A massive € sculpture (identical to the one in front of the European Central Bank) was dismantled and removed from the Frankfurt International Airport in Germany Thursday.

The official explanation is ‘the plastic parts are getting weak after 11 years and the terminal needed the space‘.

Does € sculpture’s removal from the Frankfurt Airport indicate Germany is preparing for a surprise return to the Deutsche Mark?

Sure that might just be a coincidence, but it also could be a harbinger of things to come.

Sadly, most average people living in North America and Europe have absolutely no idea what is coming.  Most of them just want to be able to get up in the morning and go to work and pay the bills and take care of their families.

Unfortunately, millions upon millions of those hard working individuals are in for a very rude awakening.

A lot of people are about to have their current lifestyles totally turned upside down.

But it doesn’t have to be all bad.

In fact, I found it very interesting to read about how some young people are responding to the depression in Greece….

In the spring of 2010, just as the Greek government was embarking on some of its harshest austerity measures, 29-year-old Apostolos Sianos packed in his well-paid job as a website designer, gave up his Athens apartment and walked away from modern civilisation.

In the foothills of Mount Telaithrion on the Greek island of Evia, Mr Sianos and three other like-minded Athenians set up an eco-community.

The idea was to live in an entirely sustainable way, free from the ties of money and cut off from the national electricity grid.

The group sleeps communally in yurts they have built themselves, they grow their own food and exchange the surplus in the nearest village for any necessities they cannot produce.

I think there is a lesson to be learned there.

When the system fails, it is going to be important to be able to live independently of the system.

Governments and big banks all over the world have been rapidly preparing for the coming financial collapse.

Perhaps the rest of us should be too.

If you can believe it, 77 percent of all Americans live paycheck to paycheck at least some of the time.

If another major economic crisis comes along, many of those people are going to be totally wiped out.

And there are already signs that the U.S. economy is basically on life support at this point.

Just look at the velocity of money.

In an economy that is growing and healthy, money tends to circulate very, very quickly.

But when an economy is sick, money tends to circulate very slowly.

And that is exactly what is happening right now.  In fact, the velocity of money is currently at the lowest level in modern U.S. history….

This is exactly what happened back in the 1930s.  The velocity of money absolutely plummeted.  When people are scared, credit is tight and times are hard, money does not exchange hands as rapidly.

But this is just the beginning.

What we are experiencing right now is rip-roaring prosperity compared to what is coming.

Jacob Rothschild, John Paulson and George Soros are preparing themselves for the tremendous chaos that is coming.

Are you getting prepared?

Permanent link to this article: http://discerningthetimes.me/?p=4055

Be Sober!

Please read the attached file. It is an article of extreme importance. If you were asked to take a microchip due to the Health Care Act would you? Well it is in the legislation that was passed and believe it or not it is set for March 2013. Read and be sober! Keep looking up!

Health Care1

Permanent link to this article: http://discerningthetimes.me/?p=3789

666: Mark of the Beast Update

India’s ID plan: An end to its inept bureaucracy or an Orwellian nightmare?

Eric Randolph

Sceptics of eye scans have raised fears about identity theft, saying a good quality camera could capture an image of the iris. But for this man joining the UIN in Bhopal, India, recently, it was a scheme worth looking into.

NEW DELHI // A plan to provide each of India’s 1.2 billion citizens with a unique identification number has been praised as an essential programme to impose some efficiency on India’s infamously inept bureaucracy.

But its opponents have said it is ripe for abuse. The government could use it to spy on its citizens and criminals could steal the data and create false identities.

Since the plan was launched in mid-2010, about 110 million Indians have queued up at data-processing centres across the country to have their irises scanned and their fingerprints recorded.

The unique identification (UID) number that arrives in the post a couple of months later can then be used to apply for welfare benefits and set up a bank account, without the endless form-filling and bribe-giving, which often goes along with proving your existence in India.

Headed by the respected former chairman of IT giant Infosys, Nandan Nilekani, the scheme has been a model of unusual government efficiency.

But the programme is now under threat from the Home Ministry, which has its own biometric database.

It collects not only fingerprints and irises, but also sensitive information such as caste and religion, which it wants to use for security purposes.

A turf war between the Home Ministry and the UID Authority led to a compromise last week. The agencies agreed to share their data to avoid duplication. That allowed Mr Nilekani to collect another 400 million people on to his database. The government is providing more than US$1.5 billion (Dh5.5bn) to merge the databases.

The deal is a boon for the Home Ministry, since it has only registered about 8 million citizens on its National Population Register (NPR).

It is unclear how all this information will be stored and shared, but it has done nothing to allay the fears of activists who foresaw the UID scheme turning into an Orwellian nightmare that could target, rather than help, India’s poorest citizens.

“These schemes are changing the relationship between the citizen and the state,” said Usha Ramanathan, an independent legal researcher and an opponent of UID.

“In the current climate, many of the poor don’t want to be identified because they will be subject to harassment.”

The paranoia is not entirely misplaced. The NPR emerged out of a scheme in the early 1990s to identify illegal immigrants from Bangladesh. More than 40,000 Bengali-speakers were later deported within a three-year period.

Many fear that the new data will be similarly used by parties – such as the ultra-right-wing Shiv Sena in Mumbai – that want to identify and remove migrant labourers from other states.

UID supporters said these concerns could be addressed through legal protections, and should not overshadow its work in streamlining welfare delivery.

One of the UID programme’s main tasks will be to cut out the millions of “ghost workers” that exist only on paper and allow contractors to siphon off extra money from the government.

Harsh V Pant

Payments for programmes such as the employment guarantee scheme – which provides 100 days of work to every adult in rural areas – are already starting to bypass middle men and go straight into verified bank accounts.

It is also expected to provide a “portable identity” for internal migrants, who often find it impossible to open bank accounts or receive welfare benefits outside of their home state.

“In a country where so many people are moving for short-term work or long-term relocation, we have not had a method by which people can take their identity with them,” said Pronab Sen, principal adviser at the government’s planning commission.

“Providing these people with public services has always been a problem. That’s where the UID will be essential.”

But much of its success depends on untested methods and technology. There are immediate practical concerns, with technicians reporting widespread difficulties in reading the worn-down fingerprints of manual labourers and the cataract-blocked irises of elderly citizens. Experts also said that without a proper design, the scheme could prove far less secure than its proponents imagine.

“All it would take to steal someone’s biometric identity is a photograph taken with a high-resolution camera or a fingerprint off a glass,” said Sunil Abraham, of the Centre for internet and Security in Bangalore.

“And once your biometric identity has been compromised, there is no way of re-securing it without surgery.”

He points to the recent incident in which several thousand Israeli biometric identities were leaked on to the internet by Saudi hackers. Stolen identities could be used to frame individuals for crimes or set up bank accounts for money laundering.

“I can see a situation in which a black market for biometric identities emerges,” said Mr Abraham.

Many in parliament share these concerns. Last month, the standing committee on finance rejected a proposed bill that required certain legal protections for people in the UID database.

The committee concluded that the standards were drafted with “no clarity of purpose and leaving many things to be sorted out during the course of its implementation … [it has been] implemented in a directionless way with a lot of confusion”.

Mr Nilekani said he will assess the committee’s concerns. “We will review the security concerns in the next six to eight weeks,” he said last week.

But with trust in the government at an all-time low in India, he will have a lot of convincing to do before his opponents back down.

“Every attempt at regulation in this country has failed,” said Ms Ramanathan. “They say this data will not be abused, but how can we believe them?”

Permanent link to this article: http://discerningthetimes.me/?p=3034

What comes next after economy falls

The economic crisis across Europe has made it clear that the European Union isn’t meeting today’s economic realities, a condition that promises to have a global impact on other economies, including that of the United States, according to a report from Joseph Farah’s G2 Bulletin.

The economic crisis is growing worse as central European bank lending to such countries as Italy, Greece and Spain now has dwindled to a trickle because investors are backing away from funding the region’s lenders.

There isn’t enough capital on hand to finance debt which is due to mature next year. Analysts believe there need to be dramatic changes in the structure of the EU if it is to survive.

They add that the EU is at the stage now where it needs to change to a more centralized parliament representing the respective members, who will have to give up some national sovereignty to create what amounts to a United States of Europe.

“The old EU is finished,” said one informed regional observer. “The 27-member bloc has never been as unpopular as it is today.”

As it now stands, the old EU is made up of countries whose parliaments can dictate the limits of their participation. They’ve seen how some countries in southern Europe with fewer resources and spiraling debt are forcing the more productive countries of northern Europe to help bail out the less fortunate ones, without any requirement for the southern countries to implement belt-tightening measures needed to help themselves recover from their own economic downturn.

As a consequence, the richer, northern countries such as Germany are dictating terms to such southern countries as Greece and Italy on belt-tightening measures needed to receive further bailout money.

Given the level of interdependence by countries now, it is too late to recede to a more isolated position. In fact, these experts say the thinking is toward “more Europe” with expanded powers and a “real government.” These analysts say that Europe today is where the U.S. was as a confederation prior to 1787 when the U.S. Constitution gave the U.S. a federal system.

Then, the confederation was comprised of 13 sovereign states with a Congress having certain powers in foreign affairs, to borrow money, deliver mail and control Indian affairs.

However, Congress then didn’t have the power to enforce its requests to states for money or troops until the 13 states ratified the U.S. Constitution.

Various analysts’ views are reflected in the concept put forward by Charles Grant of the Center for European Reform. He envisions a democratically united Europe in which citizens of the various countries vote directly for European commissioners, much like the U.S. does now in electing its representatives for the U.S. House of Representatives and Senate.

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Vatican Calls for Global Government

The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises.

A major document from the Vatican’s Justice and Peace department should be music to the ears of the “Occupy Wall Street” demonstrators and similar movements around the world who have protested against the economic downturn.

The 18-page document, “Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority,” was at times very specific, calling, for example, for taxation measures on financial transactions.

“The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence,” it said.

It condemned what it called “the idolatry of the market” as well as a “neo-liberal thinking” that it said looked exclusively at technical solutions to economic problems.

“In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale,” it said, adding that world economics needed an “ethic of solidarity” among rich and poor nations.

“If no solutions are found to the various forms of injustice, the negative effects that will follow on the social, political and economic level will be destined to create a climate of growing hostility and even violence, and ultimately undermine the very foundations of democratic institutions, even the ones considered most solid,” it said.

It called for the establishment of “a supranational authority” with worldwide scope and “universal jurisdiction” to guide economic policies and decisions.

Such an authority should start with the United Nations as its reference point but later become independent and be endowed with the power to see to it that developed countries were not allowed to wield “excessive power over the weaker countries”.

EFFECTIVE STRUCTURES

In a section explaining why the Vatican felt the reform of the global economy was necessary, the document said:

“In economic and financial matters, the most significant difficulties come from the lack of an effective set of structures that can guarantee, in addition to a system of governance, a system of government for the economy and international finance.”

It said the International Monetary Fund (IMF) no longer had the power or ability to stabilise world finance by regulating overall money supply and it was no longer able to watch “over the amount of credit risk taken on by the system.”

The world needed a “minimum shared body of rules to manage the global financial market” and “some form of global monetary management”.

“In fact, one can see an emerging requirement for a body that will carry out the functions of a kind of ‘central world bank’ that regulates the flow and system of monetary exchanges similar to the national central banks,” it said.

The document, which was being presented at a news conference later on Monday, acknowledged that such change would take years to put into place and was bound to encounter resistance.

“Of course, this transformation will be made at the cost of a gradual, balanced transfer of a part of each nation’s powers to a world authority and to regional authorities, but this is necessary at a time when the dynamism of human society and the economy and the progress of technology are transcending borders, which are in fact already very eroded in a globalised world.”

Permanent link to this article: http://discerningthetimes.me/?p=2635

Be Prepared

While it can mean many things to be prepared, this article I am attaching is talking about being prepared for a collapse of our and the world’s economy. While believers in Christ will be Raptured out beofre the Tribulation it does not mean that we will not experience tough times while we are still here occupying for our Lord.

So get your spiritual house in order, get your phyiscal house in order and be prepared. Do not be found like the 5 follosih virgins in Matthew 25 unprepared.

Enjoy the article. Keep looking up!

Like Chickens Running With Their Heads Cut Of1

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