Posted on 09/09/2016 11:47:46 AM PDT by Lorianne
Government campaigns of intimidation — like the wars on drugs, terror, and poverty — have been used to extort the public for decades. Despite the previous failures of institutional “wars,” a new war on cash is being waged that threatens freedom in a more subversive way than ever before.
Banks and governments around the world are cracking down on the use of paper money, and in turn, eliminating any anonymity left in the current system. Through strict rules on cash transactions and civil asset forfeiture laws, for example, the system has already instituted penalties for using cash. But as payments evolve into a purely digital network, the consequences of this new paradigm are being brought into the spotlight.
The ability to track, record, and mediate transactions of all individuals is a power dictators throughout history could have only dreamed of. Those who value privacy are turning to alternatives like cash, cryptocurrencies, and precious metals, but these directly threaten central bank dominance. This ongoing tug-of-war in financial innovation will determine whether we enter an age of individual empowerment or centralized enslavement.
As mundane as it may seem, the main reason for this push to go cashless is directly tied to what world central banks are doing to prop up their economies. The manipulation of interests rates to zero or even negative has left central banks no ammunition to fight off the next recession. Without the ability to cut interest rates even further, stimulating economic growth is nearly impossible.
The decisions made in response to the 2008 crisis have led to a perverted environment in which customers could be charged just for holding money in their accounts. As long as individuals have the ability to move their funds into paper currency and escape the losses, banks are still limited to how far they can push the envelope. Regardless, the federal government continues to pressure banks into issuing “Suspicious Activity Reports” for withdrawals of even as little as $5,000. That amount will undoubtedly decrease if and when more people resort to stuffing cash under their mattresses.
SNIP
The flow of Cash is hard to control, they want control, ergo, cash must go.
Apparently the US has no problem giving Billions in cash to the Iranians.
Iran doesn’t seem to have a problem getting cash from their agent in the WH.
They want control of the internet content to fight Child Porn and Terror. They want Cash wiped out so they can stop illegal drugs and activities.
Its only a coincidence that this all will give them iron fisted control.
“Honey, I need control of the checkbook, and to record your mileage, and copies of all your text messages, and a location tracker so I can keep you safe from all the danger out there”.
I hate “plastic” money. Want cash for all transactions & holdings.
...but “plastic” is SO BLASTED CONVENIENT. Moreso as even the plastic goes away. I just double-tap a button on my watch, wave my wrist, and payment is complete; no more fumbling for a physical wad of money (and carrying a heavy bag of precious-metal coin - long gone).
“Suspicious Activity Reports” for withdrawals of even as little as $5,000.
AND Deposits! Bank of America considers cash deposits $1,000 or over to be suspicious and fills out a report.
I’m not sure about Wells Fargo. It seems like they consider cash deposits suspicious. But maybe it is just the tellers I happen to see.
There is also a problem with cash.
It can be changed by government decree.
So, the only safe investment is NOT paper or digits of any kind.
Chapter 13 of Revelation is coming closer and closer to being a reality every day.
Even if it has to go underground in form of Bottlecaps.
In WWII camps Cigarettes were literally money.
In Prisons today Mackerel Fish Filets are currency.
Brass & lead is a safe investment, and very fungible.
If the controllers get their way, you will want to have your cash in $20’s or less. Bulky but will be easier to use.
I agree.
And you know what, I always accepted that it would. I just didn’t expect to watch my nation fulfill this in my lifetime.
How are drug deals going to work in a cashless world?
America’s motto of “In Politicians We Trust” has gone on so long the politicians think they are invincible.
We the people cannot continue to vote in toothy, smiling faces with hands that wave, and once they are elected simply turn our backs, and go about our business while they play in our bank accounts.
Haven’t we learned?
I tried to deposit $100 to my daughter’s Chase Bank account and they asked for my ID. When they learned I wasn’t on the account they wouldn’t allow me to make the “suspicious” deposit.
Once they go with digital “money”...they’ll have you by the balls. And they know it.
When government left gold/silver exchange standard for the dollar, they removed the first big barrier to their control over money - the most important commodity there is, and the measure of nearly all human action.
They can’t control the production or supply of these commodities, so it greatly limited their power
Now the state has complete control over the money supply, including centrally-controlled interest rates
Once cash is gone, and everything is online and traceable, that will be another huge step in control of the individual, and hence, society.
I need to open a temporary account to handle an estate, and that is one more question to ask; a bank with that policy can go take a hike.
When they make their move, organized crime will take down all world governments. What will they have to lose?
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