Posted on 01/02/2022 5:21:37 PM PST by jcon40
I have warned that Europe is the epic center for the decline and fall of Western Culture and economic strength. While the US has not yet joined Europe, the Democrats are licking their lips and trying desperately to figure out how to kill cash forcing everything to be digital in search of cash. In Europe, 18 EU countries are now restricting the use of cash and they are desperately trying to terminate cash all for control and taxes. Now it is just presumed that paying in cash means you are engaged in money laundering for that definition has been expanded to just tax avoidance.
Once upon a time, Belgium had an upper limit of €15,000 for transactions in cash. In 2012, they lowered that to €5,000, and then in 2014, they brought it down to €3,000. Bulgaria has outlawed cash payments of around €5,100 euros (10,000 Bulgarian levs) since 2016. A proposed law that has been pending since 2017 will lower that to just €500. The central bank informed the politicians it would not comply with such a low limit. The politicians even went as far as the use of the 500 euro note would have been a punishable criminal offense.
(Excerpt) Read more at investmentwatchblog.com ...
I use my credit card to buy groceries. Not for cash back, or rewards points, but to keep my credit rating sky high. Of course I immediately pay my credit card bill in full every month, so my credit rating is always great.
The Fed is a long, long way from a consumer based “fedcoin”. They can pass all the bills they want. It’s not happening at a consumer level for at least 5 years. Probably more.
By that time better options will have surpassed them.
Nope, I own none. Though I do own silver.
Their Immune Systems are not fully developed and generally speaking their not being swamped by this ‘Virus’ was curious to me. I had a few young Patients, but nobody under 21, and we had a lot of these patients. The NICU and the PICU were not impacted at all that I was aware of. That is where the cowards in my Department liked to get assigned. They never gowned up or came close to Covid Patients by hiding in those Units.
He’s lurking behind the scenes.
Maybe he’s one of Klaus Schwab’s little proteges lingering in the background?
Save Ferris, Save.
If you mean crypto, I hear it's not as private, and not as difficult to regulate, as some people imagine.
The government can reduce the value of BTC to zero without batting an eye.
That they haven’t done so simply indicates that some of them are making money with it.
We own a popular farm stand in the foothills of Kalifornia.
Surprising how little cash is tendered.
‘They’re’ not ‘their.’
Dang I hate it when I do that.
One of the the4se days I expect cash to be illegal.
Like $500 and $1000 bills you can’t get anymore. I’m not saying those are illegal, dunno, but you can’t get them AFAIK.
Maybe banks only?
It was pulled, but Congress introduced a $600 transaction limit to be reported to the IRS. Pulled due to pressure, but rest assure it will happen here as well.
Vaccine passports, digital system and looking to the government for salvation. Only someone with evil motives would come up with this.
We own a popular farm stand in the foothills of Kalifornia.
Surprising how little cash is tendered.
Yep
Something...
(the4se)
Hate this phone keyboard 😂
A good deal of the money supply under the gold standard was unbacked. “Bank money”. “Credit money”. You’ll see that in Mises’ “The Theory of Money and Credit”. It’s the part of the money supply that evaporated in 1930 and triggered the Great Depression.
It’s so different from what we are used to today it takes awhile to get the idea of what that monetary regime was like. Also there have been several versions of “the gold standard” they weren’t all the same.
A good book that gives another look at the old gold standard in operation is “When Washington Shut Down Wall Street: The Great Financial Crisis of 1914 and the Origins of America’s Monetary Supremacy”. That one will surprise anyone who thinks that Woodrow Wilson was a total disaster.
Ouch! Glad you were prepared.
It’s not the panacea some imagine it to be. And actually his gold might pay off better without the gold standard.
https://en.wikipedia.org/wiki/Memphis_Summer_Storm_of_2003
It was bad. My church scrapped together whatever was not ruined in our refrigerators to help feed our community. It was the best of times and the worst of times.
My friend just had a baby with cleft palate syndrome. I remember going to their house and cleaning up their bricks to try to help.
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