Posted on 10/28/2015 6:54:03 AM PDT by blam
Jim Edwards
October 28, 2015
Sweden is shaping up to be the first country to plunge its citizens into a fascinating and terrifying economic experiment: negative interest rates in a cashless society.
The Swedish central bank held its benchmark interest rate at -0.35% today, the level it has been at since July.
Although retail banks have yet to pass on that negative to rate to Swedish consumers, the longer it's held there the more financial pressure there is for banks to pass the costs onto their customers. That's a problem because Sweden is the closest country on the planet to becoming an all-electronic cashless society.
Remember, Sweden is the place where, if you use too much cash, banks call the police because they think you might be a terrorist or a criminal. Swedish banks have started removing cash ATM machines from rural areas, annoying old people and farmers. Credit Suisse says the rule of thumb in Scandinavia is: "If you have to pay in cash, something is wrong."
Here's a chart from Quartz demonstrating how serious the Swedes are about getting rid of cash:
(snip)
(Excerpt) Read more at businessinsider.com ...
Play Fallout: New Vegas.
One Day Bottlecaps WILL be Money, backed by something truly priceless.
Water.
Lost all my cash in a boating accident...
Boy that brings back memories.
Everytime I see a bottle cap IRL, I have this urge to grab and stash it.
It’s against the law to launder money. Just sayin’.
“Manipulism”
*******************
Now that really hits the nail on the head. That’s exactly what is going on. Of the government, by the government and for the government.
it s coming here if people don’ t wake up. The govt can start issuing more taxes if it’s electronic and they can track you better. I work in business intelligence and the banks know every move about you..restaurants, etc..they are already judging loans and scores based on the kind of places you go, your Facebook friends....you have a friend that went bankrupt on Facebook? Bam it can hurt your score..it’s getting sicker by the day
Facebook is a real enemy.....lol sorry I got on a rant
It’s the eternal totalitarian dream: a feudal society where the “elites” have total, absolute control over you and all your assets. A neverending cycle that plays out over and over again through time.
All roads eventually lead to a kleptocracy. Some faster than others.
When dealing with the local tradesmen, I have started to ask if they will take gold or silver. Many will, but are willing to give a bit of a discount for cash.
A business associate built a house in a rural area and paid many of his subs in cash. He saved a bundle.
Another link in the debit slave chain. Besides who are they going to pay for all those new ‘mooselimb’ immigrants?
No more COLD CASH in Sweden. It’s all HOT NUKED
I can almost see the Thomas Hart Benton print. Beautiful imagery.
90% silver dimes, 1/10 oz rounds etc. for the black market of the future.
PMs. Little paper. No debt.
I’ve moved all but a tiny portion of my money to Charles Schwab. I don’t think they will be affected by what banks do. Am I right, or wrong?
I want to see only one thing, any more:
The complete collapse of society.
It is the only way we can be free.
I am rapidly becoming a full-on Anarchist.
Are you living in your mom's basement? You can't claim full on status until you do...and you need to have a Guy Faulkes mask.
My how the world turns. One day, cock of the walk. Next, a feather duster.
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