The Internet - The first Worldwide Tool of Unification ("The End of History")

" ... Now I give you something that few think about: What do you think the Internet is all about, historically? Citizens of all the countries on Earth can talk to one another without electronic borders. The young people of those nations can all see each other, talk to each other, and express opinions. No matter what the country does to suppress it, they're doing it anyway. They are putting together a network of consciousness, of oneness, a multicultural consciousness. It's here to stay. It's part of the new energy. The young people know it and are leading the way.... "

" ... I gave you a prophecy more than 10 years ago. I told you there would come a day when everyone could talk to everyone and, therefore, there could be no conspiracy. For conspiracy depends on separation and secrecy - something hiding in the dark that only a few know about. Seen the news lately? What is happening? Could it be that there is a new paradigm happening that seems to go against history?... " Read More …. "The End of History"- Nov 20, 2010 (Kryon channelled by Lee Carroll)

"Recalibration of Free Choice"– Mar 3, 2012 (Kryon Channelling by Lee Carroll) - (Subjects: (Old) Souls, Midpoint on 21-12-2012, Shift of Human Consciousness, Black & White vs. Color, 1 - Spirituality (Religions) shifting, Loose a Pope “soon”, 2 - Humans will change react to drama, 3 - Civilizations/Population on Earth, 4 - Alternate energy sources (Geothermal, Tidal (Paddle wheels), Wind), 5 – Financials Institutes/concepts will change (Integrity – Ethical) , 6 - News/Media/TV to change, 7 – Big Pharmaceutical company will collapse “soon”, (Keep people sick), (Integrity – Ethical) 8 – Wars will be over on Earth, Global Unity, … etc.) - (Text version)

“…5 - Integrity That May Surprise…

Have you seen innovation and invention in the past decade that required thinking out of the box of an old reality? Indeed, you have. I can't tell you what's coming, because you haven't thought of it yet! But the potentials of it are looming large. Let me give you an example, Let us say that 20 years ago, you predicted that there would be something called the Internet on a device you don't really have yet using technology that you can't imagine. You will have full libraries, buildings filled with books, in your hand - a worldwide encyclopedia of everything knowable, with the ability to look it up instantly! Not only that, but that look-up service isn't going to cost a penny! You can call friends and see them on a video screen, and it won't cost a penny! No matter how long you use this service and to what depth you use it, the service itself will be free.

Now, anyone listening to you back then would perhaps have said, "Even if we can believe the technological part, which we think is impossible, everything costs something. There has to be a charge for it! Otherwise, how would they stay in business?" The answer is this: With new invention comes new paradigms of business. You don't know what you don't know, so don't decide in advance what you think is coming based on an old energy world. ..."
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

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Honouring computing’s 1843 visionary, Lady Ada Lovelace. (Design of doodle by Kevin Laughlin)

Saturday, September 20, 2014

Newly listed Alibaba to apply to run internet bank

Want China Times, Staff Reporter 2014-09-20

The front desk of Alibaba's headquarters in Hangzhou, Sept. 15. (Photo/Xinhua)

Chinese internet company Alibaba, which went public on the New York Stock Exchange on Friday and saw its market value rise to US$231 billion on its first day of trading, will soon file an application to set up a micro-savings and micro-loans private bank, similar to its ongoing plan to set up a purely internet-based bank, the Beijing-based Economic Information Daily reports, citing an executive from the company.

China's top banking regulator, the China Banking Regulatory Commission (CBRC) announced on July 25 that it had approved the establishment of three private banks, though Alibaba's name did not figure among the approvals this time around.

During a company meeting in late August, Yu Shengfa, vice president of Alibaba's Microfinance Service Group, said this is because Alibaba has been proceeding with its bank building plan at its own pace and because the bank will offer some special services compared with the three other banks, requiring the company to devote more effort to improving and optimizing the plan.

Yu also said Alibaba has completed its plan for setting up the private bank and will soon submit its application to the CBRC, which is expected to make a final decision as to whether the application gains approval in late September.

Internet banking provides a comprehensive range of online transactions conducted entirely in online mode and without the need to establish offline physical banks.

China currently has no such banks and has no regulations governing this sector. The existing banking regulations require that banks should set up physical outlets, where customers can go to resolve any banking related issues.

Industry insiders are of the view that if Alibaba's internet bank is approved, relevant regulations will have to be amended and the regulator will need to consider how internet banks and traditional banks can be linked.

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