Posted on 12/13/2022 4:18:14 PM PST by george76
The war on cash has just gone to an entirely new level. When I heard that the European Union was planning to completely ban all cash transactions above 10,000 euros, I had a hard time believing it. There are so many wild rumors flying around on the Internet these days, and so I wasn’t going to write about this unless I could confirm it. Unfortunately, this particular rumor is quite real. Under the pretext of fighting “money laundering and terrorist financing”, the European Union will be entirely outlawing all cash payments greater than 10,000 euros. The following comes from the official website of the Council of the European Union…
By limiting large cash payments, the EU will make it harder for criminals to launder dirty money. An EU-wide maximum limit of €10.000 is set for cash payments. Member states will have the flexibility to impose a lower maximum limit if they wish.
So this means that in some countries the upper limit could potentially be a lot lower than 10,000 euros.
But instead of framing it as a major move toward a cashless society, the EU is trying to claim that this is all about fighting terrorists.
The following is what Zbyněk Stanjura, the Minister for Finance in the Czech Republic, has said about this upcoming change…
The economy is tanking and a “Digital Dollar” is in the works. Don’t procrastinate. Move wealth and retirement funds to physical precious metals and/or a self-directed IRA with America First companies who aren’t helping Democrats, the WEF, or the CCP. Here are three such companies who can help you immediately. Terrorists and those who finance them are not welcome in Europe. In order to launder dirty money, criminal individuals and organisations had to look for loopholes in our existing rules which are already quite strict. But our intention is to close these loopholes further, and to apply even stricter rules in all EU member states. Large cash payments beyond €10.000 will become impossible. Trying to stay anonymous when buying or selling crypto-assets will become much more difficult. Hiding behind multiple layers of ownership of companies won’t work any more. It will even become difficult to launder dirty money via jewellers or goldsmiths.
Meanwhile, the European Central Bank has been actively considering the possibility of introducing a “digital euro”. The following comes from the official website of the European Central Bank…
We are working with the national central banks of the euro area to investigate whether to introduce a digital euro. It would be a central bank digital currency, an electronic equivalent to cash. And it would complement banknotes and coins, giving people an additional choice about how to pay.
Well isn’t that convenient?
As they take cash away from the general population, it turns out that they have already been working on the replacement.
Incredibly, the ECB even has the gall to claim that this new digital currency will be “like cash”…
A digital euro would offer an electronic means of payment that anyone could use in the euro area. It would be secure and user-friendly, like cash is today. As central bank money issued by the ECB, it would be different from “private money”, but you could also use a card or a phone app to pay with digital euro.
Yes, you will be able to spend it just like you can spend cash.
But unlike cash, a digital euro will allow authorities to track whatever you buy and sell with it.
Won’t that be wonderful?
By the way, the Federal Reserve is currently working on a digital currency as well.
When the food crisis hits, they’ll launch government breadlines. Proteins will run low by design, so the breadlines will be replaced by cricketlines. If you won’t be eating cricket, stock up on organic, freeze-dried chicken from Prepper Organics. Use Promo Code “JDR” at checkout for $50 off.
And this is all happening as the private cryptocurrency industry is imploding all around us.
Many had believed that decentralized cryptocurrencies would be the future of commerce, but global central banks were never going to allow that to happen.
Instead, it appears that they intend to force all of us on to a cashless grid in which everyone uses digital currencies that are issued by them.
Needless to say, a lot of people out there are quite wary of any moves toward a cashless society because they believe that it is part of the “end times” scenario described in the Bible. According to one recent survey, approximately 39 percent of all Americans are convinced that we are living in the “end times” right now…
Nearly two in five Americans, including half of self-identified Christians and a quarter of the religiously unaffiliated, agree “we are living in the End Times,” a new study has found.
That’s about 39% of Americans who believe we are living in the End Times, according to Pew Research, highlighted by Lifeway Research.
Other surveys have come up with similar results.
This shouldn’t come as a surprise to any of us, because global events have definitely started to spin out of control in recent years. At this point, even secular websites are publishing articles about the surging popularity of “apocalyptic scenarios”…
There’s no denying that the apocalypse is currently having a moment, culturally and politically. It could be driven partly by the pandemic and fears of climate change. Those are actual, frightening apocalyptic scourges. Russia’s war has also set off alarm bells for certain evangelicals, as there was a Cold War tradition of identifying the country, variably, with Gog or Magog.
Seeing Slate discuss such things made me chuckle.
But this is where we are.
Just about every day, more crazy things take place that have literally never happened before. For example, I came across the following story earlier today…
For past 12 months, scientists have been studying a 50-second burst of energy from over a billion light-years away that could change how we understand how stars live and die.
In December 2021, a massive blast of energy hit the Earth’s atmosphere. Its source was a gamma-ray burst – one of the most powerful explosions in the universe – but not just any gamma ray burst.
One scientist said at the time that the event – named GRB 211211A – “looks unlike anything else we have seen before”.
As time rolls along, things are only going to get even more weird.
If you have been waiting for life to “return to normal”, you can stop right now.
It simply is not going to happen, and I believe that global events will accelerate even more during the early stages of 2023.
I think they want a cashless socoety, so they can keep the interest rates so low that you have to spend your money or lose it just by holding.
It is basically a final desperate move before the collapse of the world economy.
I am not sure life ever was “normal”:
Supreme Court makes up the right to abortion
Race riots and MLK
Forced busing
JFK assassination
Vietnam
Moon Landing
Cold War
Reagan shot
Iran hostage crisis
African Famine
Planes being hijacked
Terrorism
Rodney King riots
Tiananmen square
9-11
Metal detectors at kids schools
Tech bubble
Iraq war
Afghanistan war
Supreme Court makes up right of Gays to marry.
BLM riots
Woke Nazi’s
Probably wouldn’t be a bad idea to hold a lil silver and gold.
and that’s just off the top of my head in my own lifetime
[The Elites have decided on a new goal]
But now, I’ve got myself a new goal: ...
WORLD DOMINATION!!!
2 seconds - Excellent
5 seconds - Good
10 seconds - Aw you searched for it!
>>The criminals who run the financial empires of cartels and the like will figure out a work-around<<
People will figure out work arounds. The government will try to control all transactions for taxing purposes, but folks will circumvent their efforts.
—> The government will try to control all transactions for taxing purposes,
Agree.
Also, control, based on your social credit score.
Chase is already looking at getting out of the credit card businesses in favor of an instant cash transfer system. It would be same system cash less but privately managed.
There’s still a lot that must be done before they can implement this monstrosity.
Cash will be phased out soon, but they still will have massive issues with data. 2027 is a red letter year IMHO.
That would be entire control of the masses.
Do you think we’d be any better off with a privately-owned/managed system?
I agree....however I asked a financial invester how much time would it take to transfer over to a digital system of cash once all is in place for a switch -— he said a day if that....I expect when they’re ready it will be less.
Further they’ll likely to it in sections - be it states, countries, or trade zones.
Well Nigeria is now limiting cash withdrawals to $45 per day.
I can see massive riots in Latin America if they do this now and that process will be slower, to your point about accomplishing it in sections.
Buy precious metals!
I just heard about this outfit:
Small-denomination gold money.
No. It will require Jesus return to correct this and Christians have known this from the beginning, or they certainly should have.
Hell, most American cash is south of the border anyway.
Globes
Flaming Globes of Sigmund
I use cash every chance I get.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.