I remember when my ponzi scheme collapsed ...
Posted on 05/13/2025 9:36:27 AM PDT by delta7
Hoarding Euros
Withdrawing large sums in cash is no longer possible in Spain without the government’s approval. Those withdrawing €3,000 or more must notify Spain’s tax agency, Agencia Tributaria, in advance. Withdrawals at or exceeding €100,000 require a 72-hour approval process, and the tax agency is requesting a 24-hour mandatory notification for any amount over €3,000.
A few news outlets are reporting that the Spanish government will impose a €150,000 fine on those who fail to report, but Project Veritas found that to be false. Article 4 of Order EHA/98/2010 states that these new measures are safeguarding institutions against money laundering and terrorism, the typical scapegoats.
In truth, these measures are intended to provide the government with control over capital. Bank runs occur when people complete lose confidence in the system, and the government is ensuring that it never reaches that point because they can simply implement a freeze. Moreover, governments everywhere are on a hunt for taxes and the entire war on cash is based on the belief that citizens are attempting to bypass taxes.
There is a reason that ATMs impose withdrawal limits, forcing customers to go directly to their bank branch. Spain’s reporting system requires banks to submit information through digital identification methods like CL@ve PIN, an electronic ID, or a digital certificate. The government has ordered banks to deny customers their funds if they are unable to provide proper documentation.
What constitutes “suspicious activity” has broadened in scope, not just in Spain but globally. The Spanish government has said that repeated withdrawals or a few hundred euros at a time will be considered suspicious. Citizens are expected to notify the government of how they plan to spend their money by providing personal identification to their banks.
Governments believe that all currency in circulation truly belongs to them. All transactions should be traceable and taxable. These measures will tighten as the Sovereign Debt Crisis intensifies and governments become desperate for funds and control.
I can withdraw my complete savings or checking account at the teller window.
When I bought my house, I had to withdraw $140,000 towards down payment. The bank printed me a cashier’s check and I secured the house purchase.
If someone does not have a digital phone in today’s world, that person will have a tough time doing bank transactions. I love the security of receiving 6 digit code on phone text message every time I login to my account.
I bought a $500 gift card around Christmas 2022. I never gave it to the intended and I still have it under the mattress. I remember it every now and then and intend on using it then I forget it again.
In 2022 dollars its worth around $460 now and declining. Thx Biden!
The E.U. had a €500 bill. They got rid of it because people found a good way to carry a lot of money. The elites want to know where everyone’s money goes lest they lose tax revenue.
“ Yours “ does not require approval from the government. Read the article.
This is just another step towards a digital currency. With a digital currency, every transaction will indeed be traceable. And it is not just the taxes they want. Imagine combining this with your individual "carbon" allotment. From each according to their ability, to each according to their need (with Big Brother deciding just how much you 'need.') With the digital currency, every gasoline purchase, heck, every Uber ride is counted towards your carbon allotment. Everything in the home will be connected to your allotment. Charge your EV too much, too often. They will know. Stay up late at night with the lights on? No Bueno
I can just see the Brave New World where there are daily, weekly, monthly, annual, and yes, lifetime Carbon allotments. If you splurge one week, it will count towards your annual allotment, and you will have to cut back. If you really splurge and reach your lifetime allotment..... Oh, well.
Everyone should have some cash reserves at home. And it needs to be in smaller denoms.
Yep, 20’s. Lots of places won’t take a hundred and now some places won’t take a 50. I try to keep a grand on hand in the safe at home.
Of course not. Government client-pets.
Chapter II
People soon realized that bankers don’t command divisions. The first item sold out at hardware stores was rope.
I remember when my ponzi scheme collapsed ...
What happened to the May 7 crisis you predicted?
And the U.S. civil war that you predicted to start January 2025?
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