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Harvard Economist: US Should Phase-Out All Currency Larger Than $10 Bills
CNSNews.com ^ | September 16, 2016 | Barbara Hollingsworth

Posted on 09/17/2016 8:51:54 PM PDT by Tolerance Sucks Rocks

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To: Tolerance Sucks Rocks

The biggest thefts are done by all electronic transactions, and money kept at banks.
The classical example is the ‘haircut’ given to savings account holders in Greece. What he is proposing is a set up for a future money grab and theft.

To counter act this theft, currency denominations should be increased beyond $100. Having $1,000 bills in circulation would help counteract this theft by banking institutions and governments.


41 posted on 09/17/2016 10:06:00 PM PDT by Toughluck_freeper
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To: Tolerance Sucks Rocks

Yes, only governments should be allowed to be criminal.


42 posted on 09/17/2016 10:14:30 PM PDT by Crucial
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To: beethovenfan

I think we should phase out Harvard. The alumni of that institution have done massivevdamage the our country.


43 posted on 09/17/2016 10:15:59 PM PDT by jospehm20
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To: Tolerance Sucks Rocks
Why not just have banks record every cash transaction of $10K or more and have fedgov prosecute you if you try to get around it?

Oh wait, drug war whores already did that.

44 posted on 09/17/2016 11:00:03 PM PDT by Ken H (Best election ever!)
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To: Tolerance Sucks Rocks

They want total control and to go negative interest rates on those who save.

Dont like citizens having freedom,and not knowing what they purchase.


45 posted on 09/17/2016 11:17:29 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Mjreagan

They also want to tax every transaction.


46 posted on 09/17/2016 11:18:06 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Tolerance Sucks Rocks
Rogoff pointed out, noting that the average middle-class American holds about $150 in cash, compared to more than $100,000 in total assets.

It's nice to be above average.

and scoffed at those who fear the government would then be able to monitor every transaction.

“If you don’t trust the government and all your money is in cash, you’re pretty stupid,” he said.

Thanks for the reminder. Time to buy precious metals. Unless you plan on outlawing gold and silver ... in which case brass and lead will the most precious of metals.

47 posted on 09/17/2016 11:23:38 PM PDT by KarlInOhio (If Muammar Gaddafi had donated to the Clinton Foundation he would still be alive and in power today.)
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To: Tolerance Sucks Rocks

The day we go to a cashless society, is the day our futures are lost forever.


48 posted on 09/17/2016 11:25:21 PM PDT by Scooter100
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To: Fiji Hill

There are some very sensible 1-star reviews of the book on Amazon.


49 posted on 09/17/2016 11:27:12 PM PDT by wideminded
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To: Tolerance Sucks Rocks
Working overtime to ultimately create a cashless society:

All the better to tyrannically completely control and micro manage all Americans.

No cash = no freedom! The government has total control over you and everything they "allow you to do", or not do while keeping detailed records on file of your every financial transaction history.

The world, its governments, its rulers and elites are being manipulated by Satan. They are blindly rushing headlong down this path to destruction like puppets on a string so that they can work towards fulfilling his goal of a cashless, one-world-government where everyone on earth (except for those who refuse to receive "The Mark of the Beast") will be worshipful slaves under the Antichrist's total domination and control over every facet of their lives.

It is amazing to see the pieces of the puzzle being put in place before our eyes in preparation for the coming Antichrist.

50 posted on 09/17/2016 11:27:51 PM PDT by Jmouse007 (Lord God Almighty, deliver us from this evil in the name of our Lord and Savior Jesus Christ, amen.)
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To: BBell
I lived in Japan and their paper notes start at 1,000 yen. From there it went to 5,000 yen notes to 10,000 yen notes to 100,000 yen notes and I believe the next one was 500,000 yen note. How high they went I do not know.

Wikipedia (yes, I know the warnings) lists ¥1000, ¥2000, ¥5000 and ¥10,000 as the currently issued banknotes and has nothing higher. https://en.wikipedia.org/wiki/Banknotes_of_the_Japanese_yen

The coins are ¥1, ¥5, ¥10, ¥50, ¥100 and ¥500.

51 posted on 09/17/2016 11:28:03 PM PDT by KarlInOhio (If Muammar Gaddafi had donated to the Clinton Foundation he would still be alive and in power today.)
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To: SVTCobra03

And then hackers, OR THE GOVERNMENT ITSELF will empty your bank account; OR DENY YOU ACCESS TO YOUR PAPERLESS “money”.


52 posted on 09/17/2016 11:33:00 PM PDT by Jmouse007 (Lord God Almighty, deliver us from this evil in the name of our Lord and Savior Jesus Christ, amen.)
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To: KarlInOhio
¥10,000 is $97.77.
53 posted on 09/17/2016 11:33:28 PM PDT by cynwoody
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To: KarlInOhio
It's nice to be above average.


US Census Bureau

54 posted on 09/17/2016 11:47:55 PM PDT by cynwoody
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To: Tolerance Sucks Rocks
“If you don’t trust the government and all your money is in cash, you’re pretty stupid,” he said.

Very accurate statement!

Regards,

55 posted on 09/18/2016 12:17:48 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Tolerance Sucks Rocks
I'm constantly seeing people pull out wallets loaded with cash who then go on to use a credit card to make a purchase.

There's a reason why people walk around with LOTS of cash and it's called lack of trust in government.

56 posted on 09/18/2016 12:19:11 AM PDT by who_would_fardels_bear
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To: Dilbert San Diego
Following this logic, to get rid of cash because criminals use cash, launder money, evade authorities, etc. 1. Then ban motels, [...]

Precisely!

Now, the question is: Why are they attacking cash and not, say, motels? I.e., what is their real agenda?

Regards,

57 posted on 09/18/2016 12:19:51 AM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Tolerance Sucks Rocks

FOAD maroon


58 posted on 09/18/2016 12:24:31 AM PDT by karnage
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To: Tolerance Sucks Rocks

Yes, Terrorism. That’s the ticket.

It wouldn’t be because if it’s all electronic it is easier to devalue it.


59 posted on 09/18/2016 1:27:17 AM PDT by Vermont Lt
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To: Tolerance Sucks Rocks

Actually, i think it’s time to phase out Harvard Economists.


60 posted on 09/18/2016 1:32:34 AM PDT by gogeo (Black Lives Matter to Donald Trump.)
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