THE BEAST SYSTEM

63 central banks are implementing Basel III, which includes the widespread practice of “bail-ins” to rescue failing banks – The Expose. Basel III includes wide acceptance of bail-in as a way of rescuing failing banks. Unlike a bailout, which involves external assistance (often from taxpayers), a bail-in restructures the bank’s liabilities internally, which includes taking the money you have on deposit and in savings accounts, as these form part of the bank’s liabilities, and converting them from cash you can use into something else, e.g. shares in the bank. In other words, it is a bailout by the taxpayers but without the government as the middleman. As a depositor or saver, the bail-in conditions will not be negotiated with you.

DEVELOPING: Bank of America suffers outage resulting in tens of thousands struggling to get cash from ATM or check online accounts. Bank of America is experiencing a nationwide outage that is impacting tens of thousands users. DownDetector, a site that monitors online issues, shows problems struck around 1pm ET, as users reported online and mobile banking and ATM services are down. Some Bank of American customers have also reported their accounts are showing an empty balance. As of 1:20pm ET, roughly 20,000 Bank of America had reported outages to DownDetector.

Isle of Man explores facial recognition at entry and exit points and mandatory ID for all residents. The Isle of Man government is exploring facial recognition technology (“FRT”) and mandatory ID registration for all residents. The reason given for implementing these measures is to fight crime.

Digital IDs Are Coming to Social Media in California’s Crackdown. California’s recent legislative move to limit the “addictive” features of social media platforms for minors has been solidified by Governor Gavin Newsom’s endorsement. The move will force platforms to change their social media platforms depending on the age of users – meaning that platforms will likely have to introduce digital ID systems to verify users.

Kuwait to freeze bank accounts of residents who do not register biometric fingerprints. Kuwait is mandating a biometric registration process for citizens and expatriates. Those who fail to register their fingerprints by the set deadlines will face consequences such as suspended government services and frozen bank accounts. It is claimed that the reasons for enforcing the registration of digital biometrics are to enhance security and address dual nationality issues. However, this initiative aligns with global trends in biometrics and the sharing of our data with selected agencies. It’s no coincidence that at the same time, the United Nations is pushing for a Global Digital Compact to be adopted by 193 countries so it can play a significant role in the global governance of artificial intelligence, the Internet, digital public goods and digital infrastructure.

Bill Gates pushes for digital IDs to tackle ‘misinformation’ and curb free speech. Bill Gates has evidenced, both directly and through his foundation, an intense desire to shape public health, the news landscape, education policy, AI, insect populations, American farmland, the energy sector, foreign policy, and the earth itself. He recently hinted that he would also like to see free speech and engagements online shaped to his liking. CNET asked Gates about what to do about “misinformation” — a topic explored in his forthcoming Netflix docuseries and some of his blog posts. The billionaire answered that there will be “systems and behaviors” in place to expose content originators. Gates suggested that the “boundary between … crazy but free speech versus misleading people in a dangerous way or inciting them is a very tough boundary.”

Amazon Wants Your Palm and TSA Wants Your Face. What Saying Yes Will Mean For The Future. I don’t need to bring my wallet or phone when I shop at Whole Foods anymore. I can pay with my palm instead. All I had to do was sign into the Amazon One app, give Amazon permission to use my body’s unique data—aka biometrics—and take a photo of each of my palms. Amazon used those photos to generate a number-based representation called a “palm signature” in its cloud, then deleted the images, the company says. After I chose a credit card to link to my palm, I visited my nearby Whole Foods. I hovered my hand over a palm sensor at checkout and walked out with a box of chocolate-chip protein bars.

Growing number of shops are going cashless including major supermarket locations. Many retailers are banishing cash from stores, including major supermarkets – find out if yours is impacted. In a huge shake-up for shoppers, retailers such as Tesco and Asda are cutting cash payments in some of their outlets to cut queues.