Free Republic

In a major push to seize control of the public’s financial freedom, Canada is radicalizing its banking system by linking citizens’ bank accounts to a tyrannical social credit score.The Canadian banking system will soon be transformed by a so-called “open banking” framework.Proponents are framing this as a more “inclusive” way for banks to easily share information and access user data.However, the move will merge social standings with banking to provide governments and unelected bureaucrats with complete control over our finances.The organization Open Banking Excellence (OBE), a World Bank partner that originated in the UK, boasts that it will incorporate social...

As finance and development ministers and legislators gather in Morocco for the annual meetings of the World Bank and the International Monetary Fund (IMF), from Oct. 9 to 15, the pressing issue of runaway global inequality will loom large on their agenda. Governments can use various tools to address inequality, including fair taxes, quality public services and just labor conditions. And an important tool they should consider now is universal social security, a set of policies and programs designed to ensure financial security across a person’s lifetime. The World Bank and IMF wield substantial influence by funding and shaping social...

President Yoweri Museveni has criticised the World Bank’s decision to suspend new funding to Uganda in response to a harsh anti-LGBTQ law and has promised to find alternative sources of credit.

KAMPALA (Reuters) -Uganda's President Yoweri Museveni on Thursday denounced the World Bank's decision to suspend new funding in response to a harsh anti-LGBTQ law and vowed to find alternative sources of credit. The country would have to revise its budget to absorb the move's potential impact, a junior finance minister said. The World Bank said on Tuesday that the law, which imposes the death penalty for certain same-sex acts, contradicted its values and that it would pause new funding until it could test measures to prevent discrimination in projects it finances. ...

The New Development Bank (NDB) established by the five-member BRICS group is offering loans in local currencies, part of its efforts to ditch the use of the U.S. dollar for world trade. NDB President Dilma Rousseff confirmed the move, adding that the financial institution plans to give 30 percent of loans in the local currencies of member nations. The NDB was established in 2014 by the BRICS group – Brazil, Russia, India, China and South Africa – to challenge the U.S.-dominated World Bank. Rousseff, who served as Brazil’s president from 2011 until her impeachment in 2016, took over the NDB’s...

President Biden's nominee to lead the World Bank says the twin global challenges of climate change and inequality need to be addressed simultaneously and cannot be separated. Ajay Banga, the former CEO of Mastercard, tells Morning Edition's Michel Martin that it will take the combined action of all stakeholders, from countries to the multilateral development banking system to the private sector to make a difference, particularly when it comes to climate change. "We don't have the time to play in silos," he says. Banga, who is 63, says the World Bank, which oversees billions of dollars in funding for developing...

WASHINGTON (AP) — The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change. The news comes days after Trump appointee David Malpass announced plans to step down in June from his role leading the 189-nation poverty reduction agency. His five-year term was due to expire in April 2024. Addressing the impacts of climate change at the multilateral bank is a priority for the U.S. And leading climate figures have urged the Biden administration to use Malpass’ early departure...

World Bank president David Malpass, former Under Secretary of the Treasury for International Affairs and a Trump appointee, announced Wednesday he would step down. Malpass began a five-year term on April 9, 2019, according to his bio, but is cutting his run short after Axios reported last fall the Biden administration was seeking to oust him for failing to agree with the administration on climate change. He’ll step down at the end of the fiscal year on June 30 after seeing the multilateral development organization through a global pandemic and a war in Europe that has contributed to food and...

he Federal Reserve’s aggressive tightening policy has led the US dollar to appreciate to multi-decade highs, squashing currencies around the world. Now, a United Nations agency is warning that its actions, along with those of other central banks, risk pushing the global economy into recession. What’s happening: In a new report, the United Nations Conference on Trade Development (UNCTAD) said that tightening monetary policy, meant to fight inflation, could inflict worse damage globally than the financial crisis in 2008 and the Covid-19 shock in 2020.

With their partnership with google, UN Secretary for Global Communication says they "own the science" on "climate change," and other viewpoints have now been pushed down in search results.

Twenty-seven House Democrats have joined a growing chorus of voices calling for the resignation of World Bank chief David Malpass after he made comments that critics say smacked of climate denial. In a letter sent Thursday to President Biden, representatives Jared Huffman (D-Calif.), Sean Casten (D-Ill.) and 25 other Democrats said Malpass’s recent comments were both “troubling” and “unacceptable” and that the World Bank should have a “leader who listens to the science and is a global leader in combating climate change.” “We urge you to advocate for the removal or forced resignation of David Malpass as World Bank Group...

Editor’s Commentary: I have long contended that those in the know among the “elites” have done whatever they can to avoid taking the actual Covid vaccines. I’ve suspected that the higher-ups like Barack Obama and Anthony Fauci are taking their “jabs” but they’re not really the so-called vaccines. Others are trying to buy their way out of getting the jabs by getting fake vax passports. In the article below by Matt Agorist from Free Thought Project, we see the latter in action. This took place in Spain, but we can assume it’s taking place in every western nation. Some people...

The World Bank's executive board approved $1.49 billion of additional financing for Ukraine on Tuesday to help pay wages for government and social workers, expanding the bank's total pledged support to over $4 billion. The World Bank said in a statement that the latest funding is supported by financing guarantees from Britain, the Netherlands, Lithuania and Latvia. The project is also being supported by parallel financing from Italy and contributions from a new Multi-Donor Trust Fund. Ukraine has said that it needs at least $5 billion per month in the near term to keep its government operating in the face...

Ukrainian President Volodymyr Zelensky shared on Thursday, addressing the World Bank Forum, that the country will need around $7 billion monthly, to be able to recover from the losses the Russian side caused during its special military operation. The head of Ukraine urged the international community to ban Russia from international financial institutions as soon as possible, as well as cut any other interactions with the latter.

Traditional Fascism was defined as an authoritarian government working hand-in-glove with corporations to achieve totalitarian objectives. A centralized autocratic government headed by a dictatorial leader, using severe economic and social regimentation, and forcible suppression of opposition.That governmental system didn’t work in the long-term because the underlying principles driving free people rejected government authoritarianism. Fascist governments collapsed and the corporate beneficiaries were nulled and scorned. Then along came a new approach to achieve the same objective.The World Economic Forum (WEF) was created to use the same fundamental associations of government and corporations. Only this time the corporations organized to tell the...

The World Bank Group today released the findings of its probe into data irregularities discovered in 2018 and 2020 reports; and along with those findings, it confirmed that it will be discontinuing 'Doing Business' reports.Specifically, Bloomberg reports that International Monetary Fund Managing Director Kristalina Georgieva was cited by the World Bank in the probe....“The changes to China’s data in Doing Business 2018 appear to be the product of two distinct types of pressure applied by bank leadership on the Doing Business team,” the World Bank said in a report Thursday.The bank cited “pressure applied by CEO Georgieva and her advisor,...

In a letter to the spring meeting of the World Bank and the International Monetary Fund, Pope Francis called for the creation of new institutions of “global governance” to help advance the “integral human development of all peoples.” He also said the “financial industry” should calculate the “ecological debt” of countries “so that developed countries can pay it.…” We cannot “overlook another kind of debt: the ‘ecological debt’ that exists, especially between the global north and south,” said the Pope in his April 8 letter. “We are, in fact, in debt to nature itself, as well as the people and...

UNITED NATIONS - Secretary-General Kofi Annan (news - web sites)'s new chief of staff heads to Washington on Wednesday to meet with critics and supporters of the United Nations (news - web sites) following a critical report of U.N. actions in the oil-for-food program in Iraq (news - web sites). Mark Malloch Brown's high-profile trip is aimed at informing U.S. lawmakers about ongoing U.N. management and administrative reforms and appears to be the opening salvo in a new offensive by Annan to present the world body in a more positive light. One of the U.S. lawmakers Malloch Brown is scheduled...

Many Indians thought former BBC journalist Humphrey Hawksley was being overly alarmist when he wrote the thriller Dragon Fire two decades ago about a war pitting China and Pakistan against India that ended apocalyptically with nuclear devastation. Hawksley, a veteran Asia hand, said his fiction was meant not just to entertain but also be a warning that China was expansionist and was a one-party state whose government had to prove itself to survive. Since then, though, we’ve seen China offering a different narrative in which global economic diplomacy was its choice weapon. The Chinese have been busy proving they’re responsible...

Guest post by Lawrence SellinSince the beginning of the coronavirus pandemic, the Chinese Communist Party has desperately tried to convince the world that SARS-CoV-2, the coronavirus responsible for COVID-19, was naturally transmitted from animals to humans. That is, SARS-CoV-2, over time, naturally mutated in animals until it attained structures capable of infecting humans.A new scientific study, however, demonstrates that SARS-CoV-2 could not have “jumped” from animals to humans in the way China claims, because it is probably incapable of infecting bats or pangolins (scaly anteaters), the only two animal hosts that could have harboured the virus. The closest ancestor...