Posted on 02/23/2016 11:52:34 AM PST by dennisw
Large denomination physical cash is going to be outlawed if central bankers have their way. The push toward a fully digitized monetary system─where every transaction will be recorded, scrutinized, controlled, and taxed─is being sold to the public as some miracle elixir to cure the world of criminal behavior.
It can be argued that up until a few years ago there were still ways to exist off the grid and operate outside the monetary system, but the implementation of negative interest rates has now virtually assured that cash, as we know it, is on its last leg.
You can have cash or you can have negative interest rates, but you can't have both. If negative interest rates are further reduced, what could be described as slow motion bank runs will likely ensue. The common man, seeing his hard earned savings robbed with each declining monthly bank statement, will finally awaken from complacency and begin actively withdrawing their money in physical form, thereby endangering the very foundation of fractional reserve finance.
Banks can't exist without deposits. Keeping money in a mattress is preferable to being financially bled to death with negative rates. Central bankers are well aware of this and are already prepositioning policies and taking steps to prevent the coming exodus. Outlawing large denominational physical cash and large cash transactions will be used to financially imprison the public while the negative interest rates simultaneously pick their pocket.
Laugh all you want. Pretend this is just another conspiracy theory run amok, but these policies are already set into motion in Europe with the U.S. trailing not very far behind. Under the guise of stopping criminal activity, ending corruption, and fighting the global war on terror, the last bastion of financial freedom is now being sacrificed to prop up a debt tsunami.
(Excerpt) Read more at breitbart.com ...
>>Laugh all you want. Pretend this is just another conspiracy theory run amok<<
Not laughing here. This has been coming for a LONG time and recently has accelerated. Our grandkids will see paper money in museums only.
read the whole thing if negative interest rates sound crazy to you....that they are outside all common sense.
All these immigrants love cash. Illegal and legal they love it and love to run cash businesses such as restaurants, taxis, limos and dry cleaning and this is the very short list. Maybe they know something you don’t
ye ol mark o the beast hard at work!
Or you can buy physical gold and keep it in your safe or a bank's safety deposit box.
Some of us have had advance word of this for....oh, around 2000 years.
But it works on Star Trek...
My only advice is if you decide to withdraw most of your funds; please put as much of their value into tangible items that you personally can touch. Gold, silver, Brass and copper covered lead are good items I hear.
Gold certificates and silver certificates are nice I suppose. But if you need the actual item you might find that you ‘own’ the equivalent of ‘vaporware’.
Until they come get it.
They’ll implement it and then declare all cash worthless.
>>Until they come get it.
<<
IIRC, it was illegal for individuals to own bulk gold until the late 70s (?)
They just need to criminalize it and all that gold becomes useless except in a 100% off-the grid society.
Do not keep anything in a bank deposit box that you don’t want the government to have.
Imagine what would happen to the Mexican cartels if the US went to a cashless system. If they didn’t disintegrate immediately we would have proof the government controls that racket.
“All these immigrants love cash.”
Minorities and women hit hardest by cash-free societies.
You have the right idea, in order to get out of the matrix, you need physical things. But I urge people to think a lot about where to put their money. We now know 100 dollar bills may become illegal, so don’t carry those. But 20s might be ok. Gold and silver are physical, but they are also obvious, the government can ban their sale if they need to. Real estate can’t be hidden or moved, so it is easy for governments to tax. Taxes can get so high real estate becomes worthless.
“You can have cash or you can have negative interest rates”
After they outlaw cash, what’s to stop them from mandating “negative interest rates”? (theft)
What guarantee is there that they won’t just waltz in and take what they want, as in Cyprus?
It will never happen. Most of the tax cheats that support democratic candidates cannot live without cash which enables them to sustain their off the books lifestyle. The democrats would never allow this to happen.
If the leftists did this, the mafia and drug lords would send them to a judgement day meeting.
Back to the days of bartering. Sounds good!
Off the grip private sector scrip is beginning to emerge. There is no such thing as a cashless society. There may be a government free society as citizens abandon mainline institutions in favor of churches, buying clubs, barter associations and more. Lots of things have intrinsic value. Paper money does not.
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