from McAlvany Financial:
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BANANA JOE’S USA FRUIT CO. & MORE
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Food Prices Are Crazy High Now, But They Will Soon Go A Lot Higher
by Michael Snyder, The Economic Collapse Blog:
Over the past few years, we have seen food prices in the United States and other wealthy countries do things that they have never done before. Unfortunately, this is just the beginning. Global food supplies are getting tighter, and meanwhile global demand for food just continues to increase. For decades, many among the elite were optimistic that someday we would be able to eliminate global hunger completely because tremendous progress was being made. But then right around 2015 things started to reverse, and now the trend is very much going in the wrong direction. According to the United Nations, 2.4 billion people did not have enough food to eat last year, and 900 million of them were facing severe food insecurity. Those numbers will almost certainly go even higher this year, because it is getting more difficult for poor countries to get the food that they need to feed their populations.
Australia Ratcheting Up War on Cash
by Peter Schiff, Schiff Gold:
Australia has become the front line in the war on cash with an aggressive effort to ring physical money out of the economy.
Over the last financial year, more than a billion dollars worth of physical cash disappeared from circulation, according to data released by the Reserve Bank of Australia (RBA). The Australian news service 9News called it “the strongest sign yet” that the country is moving toward a cashless society.
The number of $50 notes in circulation charted the sharpest decline.
Austria to enshrine the right to pay with cash into constitution
by Rhoda Wilson, Expose News:
On 4 August, Austrian Chancellor Karl Nehammer announced plans to enshrine the right to pay with cash into the country’s constitution as card contactless payments become more popular in Europe.
Nehammer proposed the amendment after the Austrian Freedom Party, which is currently surging in the polls, accused the current government of conspiring to ban cash to track its citizens. Nehammer is the leader of Austria’s conservative People’s Party, which rules in a coalition with the left-wing Green Party.
Nigel Farage warns ‘cashless society’ could usher in Chinese-style ‘social credit system’
by Andreas Wailzer, LifeSite News:
‘From September 11th, NatWestGroup will be limiting the amount of cash that you can deposit and withdraw,’ Farage noted.
Nigel Farage has warned about a looming “cashless society” and social credit system as major U.K. and Australian banks limit cash withdrawals.
Farage, a former English politician recently “de-banked” by the British private bank Coutts, said in a video message that we are rapidly moving “towards a cashless society” that may usher in “a social credit system where only if you obey the prevailing orthodoxy of the day can you take part in life.”
China Buys 23 Tons Of Gold In 9th Straight Month Of Purchases, Total Rises To Record 2,137 Tons
from ZeroHedge:
Not only is China ravenously buying up all the physical gold it can get its hands on – something it has been doing pretty much non stop since 2009, for the most part covertly with occasional periods of public disclosure meant to achieve specific political goals – more importantly, it is letting the world know it is buying up all the physical gold it can get its hands on.
On Monday, the Chinese central bank revealed that in July it increased its gold reserves for a ninth straight month as central bank purchases – in big part out of China – continue to underpin the price of the precious metal, offset selling by ETFs.
Yellow Files For Bankruptcy, Blames Union For “30,000 American Jobs lost”
from ZeroHedge:
One of the biggest bankruptcies in US trucking history occurred Sunday when the nation’s third-largest less-than-truckload carrier, Yellow Corp., filed Chapter 11 in a Deleware court. The company has fallen victim to insurmountable debts, including a government loan and tense contract negotiations with the Teamsters Union. It listed assets and liabilities at $1 billion-$10 billion, with more than 100,000 creditors.
