The War on Cash is About to Go into Hyperdrive

Zerohedge ^ | 11 Feb 16 | Phoenix Capital Research

[SkyPilot]

The global Central Banks have declared War on Cash.

Historically, one of the safest things to do when the markets begin to collapse is to move a significant portion of your holdings to cash. As the old adage says, during times of deflation, "cash is king."

The notion here is that cash is a safe haven. And while earning 1-2% in interest doesn't do much in terms of growing your wealth, it sure beats losing 20%+ by holding on to stocks or bonds during their respective bear markets

However, in today's world of fiat-based Central Planning, cash represents a REAL problem for the Central Banks.

The reason for this concerns the actual structure of the financial system. As I've outlined previously, that structure is as follows:

1) The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.

2) When you include digital money sitting in short-term accounts and long-term accounts then you're talking about roughly $10 trillion in "money" in the financial system.

3) In contrast, the money in the US stock market (equity shares in publicly traded companies) is over $20 trillion in size.

4) The US bond market (money that has been lent to corporations, municipal Governments, State Governments, and the Federal Government) is almost twice this at $38 trillion.

5) Total Credit Market Instruments (mortgages, collateralized debt obligations, junk bonds, commercial paper and other digitally-based "money" that is based on debt) is even larger $58.7 trillion.

6) Unregulated over the counter derivatives traded between the big banks and corporations is north of $220 trillion.

When looking over these data points, the first thing that jumps out at the viewer is that the vast bulk of "money" in the system is in the form of...

[huldah1776]

“Biohackers implant computers, earbuds and antennas in their bodies”

http://www.marketwatch.com/story/biohackers-implant-computers-earbuds-and-antennas-in-their-bodies-2016-02-10

[huldah1776]

You can check FR for all the prepping threads to become self-sufficient but before the enforcement comes God seals the faithful.

If I have read the Word correctly, there will be some who live off grid but finding people will be easy, so by the time the two prophets have been killed and the beast, the dragon, and the false prophet proclaim they are god, there will basically be two choices, die for your faith or become a slave. Either way, overcome and experience the peace on earth promised at His birth.

[EBH]

Does the Draco Dragon come to stand in front of Virgo to devour the new Jupiter?

Actually I am not trying to be sarcastic here...

But where is Draco at in Sept. 2017?

Although, this all hasn’t been said before...
https://youtu.be/zDFZXloK4SY

[tbw2]

If you are concerned about a crash, stocking up on bullets, beans, canned goods, water filters, gasoline - those things are invaluable and are worth something to nearly everyone.

[Maringa]

What if silver and gold is outlawed?

[SubMareener]

I have looked and there is nothing in the star charts that matches the next two verses. So maybe there is something out there that we don’t know about.

[roadcat]

If you are concerned about a crash, stocking up on bullets, beans, canned goods, water filters, gasoline - those things are invaluable and are worth something to nearly everyone.

Be able to provide a service to others as trade. (Not everyone looks pretty and sexy, so I'm not talking the obvious!) Have tools and materials on hand, and the knowledge to use them. Welding, plumbing, auto engine repair, carpentry, electrical know-how, babysitting, etc.

[kvanbrunt2]

as was done in cyprus. opting in. banks collapse and take the savers money. no government bailouts required.

[Amendment10]

"The global Central Banks have declared War on Cash."

Just so patriots are aware, the Founding States had expressly constitutionally obligated the states to use nothing but gold and silver coin for legal tender.

Article I, Section 10, Clause 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts [emphasis added]; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

So the corrupt, post-17th Amendment ratification federal government unconstitutionally confiscated gold coins and issued paper money.

[unlearner]

“The Bible alludes to this in Revelation and the Mark of the Beast, whereby one day all financial transactions will be digital requiring a tattoo or mark on the hand or forehead in order to buy or sell.”

While this may be how things play out, the Bible does not say anything about financial transactions being digital.

[SkyPilot]

These pie charts explain quite a bit if one examines them.

"Here is the financial system in picture form. I'm not including hard assets such as gold, real estate, or the like. We're only talking about relatively liquid financial assets items that can be sold (turned into cash) quickly."

"Of course, Wall Street will argue that the derivatives market is notional in value (meaning very little of this is actually "at risk"). However, even if we remove derivatives from the mix, the system is still very clearly based on credit, with only a small sliver of actual physical cash outstanding:"

And then he says this (which is true):

....when the 2008 Crisis hit, one of the biggest problems for the Central Banks was to stop investors from fleeing digital wealth for the comfort of physical cash. Indeed, the actual "thing" that almost caused the financial system to collapse was when depositors attempted to pull $500 billion out of money market funds.

A money market fund takes investors' cash and plunks it into short-term highly liquid debt and credit securities. These funds are meant to offer investors a return on their cash, while being extremely liquid (meaning investors can pull their money at any time).

This works great in theoy... but when $500 billion in money was being pulled (roughly 24% of the entire market) in the span of four weeks, the truth of the financial system was quickly laid bare: that digital money is not in fact safe.

To use a metaphor, when the money market fund and commercial paper markets collapsed, the oil that kept the financial system working dried up. Almost immediately, the gears of the system began to grind to a halt.

Cash is a threat to the charade that the Central Banks, the markets, and our governments have constructed. Even though it is a small sliver, it threatens the corrupt financial monstrosity.

We have been moving towards cashless for quite some time, but as the author stated, it has now gone into "hyperdrive." It will be sold as a tax revenue generator, as more "healthy" (money carries germs), as a way to stop the illegal drug trade (yeah....right), and many other false strawmen.

We are moving at warp speed towards the Antichrist system and the Mark.

Something Very Disturbing Spotted In A Morgan Stanley Presentation

[central_va]

I am against a cashless society.

Having said that there are a tons of benefits to going cashless. Cashless kills the black market cold dead. How are you gong to buy drugs with a check? Right.

Pay a prostitute? Give her your credit card? Pay illegals under the table? Not possible. But still the cons out way the pros.

[SkyPilot]

Just remember: If they tell you that you have to have a MARK on your forehead or you right hand to buy and sell, DO NOT TAKE IT! Better to loose your life than your immortal soul.

Absolutely. God gives zero "wiggle room" on that point.

"And the third angel followed them, saying with a loud voice, If any man worship the beast and his image, and receive his mark in his forehead, or in his hand, The same shall drink of the wine of the wrath of God, which is poured out without mixture into the cup of his indignation; and he shall be tormented with fire and brimstone in the presence of the holy angels, and in the presence of the Lamb: And the smoke of their torment ascendeth up for ever and ever: and they have no rest day nor night, who worship the beast and his image, and whosoever receiveth the mark of his name. Here is the patience of the saints: here are they that keep the commandments of God, and the faith of Jesus." [Rev 14:9-12]

[sauropod]

yes.

[sauropod]

.

[SkyPilot]

Just a means of control. If everything is electronic, the establishment will be better able to take whatever it wants from those who earn it and give it to their political constituencies.

That is another reason the globalists want cashless. It is why Obama wants it. It is why the UN wants it. Control.

Think about it. You would not even be able to purchase a box of ammo without your transaction being traced.

Everything will be traced and controlled, from the amount of gas you purchase, to the food you eat, to the beer your buy, to where you eat out, everything. We are almost all the way there today, but cash gives people an anonymity in the equation that drives them crazy.

People who say it will never happen are delusional.

[SkyPilot]

That’s a given with fractional reserve banking. The problem is you can create a run on the whole system and the FDIC doesn’t have a magic want it can wave when you want to get your hands on your money so they’ll force you to accept the ultimate fiat currency, a number on a spreadsheet.

Exacly. The FDIC could not afford to pay but a pittance on deposits if there was a run on banks. It is a joke.

[SkyPilot]

what will they do to you when you refuse?

At first, the cojoling will be subtle. As with everything, the media that is in their pocket will start by calling it voluntary, then they will dictate that it "Should be mandatory" and then it will get progressively more ugly.

The government will come down full force. Any remaining cash in your safe or under your matress will have a depreciating shelf life. Bills in circulation can be programmed to become more worthless by the day.

Next, they can order business to deny accepting cash. Those businesses that don't comply will be harrassed with EPA inspections, IRS thuggery, and law enforcement raids.

Let your imagination run wild, and then realize that any nightmare you can dream up, they have already thought about how they can make it cold hard reality.

[SkyPilot]

No, it does not use that term (digital). But the convergence of technology, the news, and where we are going certainly leads one to a logical conclusion that the nightmarish events described in Revelation 13 don't refer to trading in coconuts.

[SkyPilot]

as was done in cyprus. opting in. banks collapse and take the savers money. no government bailouts required.

I believe Cyprus was a test run, not only to see if they could accomplish it, but to gauge public reaction. The test was "successful."