They also said creating a Federal Reserve would stop financial panics like the one in October 1907.
Posted on 05/13/2015 10:49:15 AM PDT by grumpygresh
A proposed new law in Denmark could be the first step towards an economic revolution that sees physical currencies and normal bank accounts abolished and gives governments futuristic new tools to fight the cycle of “boom and bust”....
But if notes and coins were abolished and the only way to hold money was through a government-controlled bank, there would be no escape.
(Excerpt) Read more at telegraph.co.uk ...
What will you/me do when they can take everything you have at the stoke of a key and prevent you from buying anything? Mark of the beast ring a bell?
Packs of cigarettes and Tide.
People with nothing to lose tend to go out with a bang.
What could possible go wrong?
Want to end booms and busts?
Go on a gold standard
Force government to live within the means (taxes) they take in (no debt)
Jail CEOs and bankers for fraud and not following GAAP
Getting rid of cash with touching the insanity of government debt and bankers having no fear of jail will solve NOTHING
Stock up on guns and ammo.
Oh yeah.....giving the government all your money always works out right.....right???????
Another way would be to keep a Democrat as president. Apparently, according to the news media, its one long economic recovery with a Dem in office.
You are correct. But you haven’t gone quite far enough.
The only way to monetize a paper currency system dependent on the issuance of credit is to have a stable source of value behind it.
That is why the Federal Income Tax was created. It monetizes the debt, and allows for the issuance of credit which creates new money. Translation: they mortgaged your life so they could write more loans.
Repeal the 16th Amendment, close the Reserve Bank and as you said, go back to a standard...Gold is one option.
Digital money—the key for the mark of the beast. When they can “flip a switch” and cut you off, then you’re dead meat. It’s the ultimate control.
Yup, end the boom and bust cycle. Skip right to the bust and stay there.
Welcome to barter-time planet earth.
If you want to see tax collection drop to it’s lowest levels in modern times, I say go for it.
And watch businesses shuttered up faster than at any time in history.
Put this in the category of "You gotta be f***ing kidding me."
No way, no how.
Silver/Gold Coins, jewels, and foreign currency ala Soviet union.
If the nation was capable of doing that, it would be capable of exercising sufficient restraint to obviate the necessity of doing that.
In other words, ain't never gonna happen.
They also said creating a Federal Reserve would stop financial panics like the one in October 1907.
I would suggest that people be acquiring those right now.
Like your tagline.
I haul maybe a dollar’s worth of change in the ash tray of my car but other than that, I’ve been cashless for years. It’s all either on a cash-back credit card or online banking. Got tired of change piling up on my dresser.
Yes.
But I think that PMs will be the coin of the realm for the underground economy if cash is banned. This will put incredible demand for PMs and who knows if this could collapse the dollar. I guess it depends how big is the underground economy.
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