The War on Cash is About to Go into Hyperdrive

Zerohedge ^ | 11 Feb 16 | Phoenix Capital Research

[SkyPilot]

A must read. Look at the charts.

Understand what the author is saying here:

if investors/depositors were ever to try and convert even a small portion of this “wealth” into actual physical bills, the system would implode (there simply is not enough actual cash).

Remember, the current financial system is based on debt. The benchmark for “risk free” money in this system is not actual cash but US Treasuries.

In this scenario, 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.

Cash will be eliminated. That will happen. 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.

Negative Interest Rates are a war on cash. The Central Banks want you out of cash and invested in risk markets. If you have not figured that out by now, you need to pay attention to what banks in Europe are now doing, and what Janet Yellen said today regarding Negative Interest.

[SkyPilot]

StoneWall - can you send this to your Bible Prophecy list? I think it fits. We are witnessing a very major prophetic perfect storm.

[metmom]

For sure.

I will resist that and I know that others will too.

Barter will work just fine.

And coins and silver will always have value.

[444Flyer]

Incredible to witness all this unfolding before our eyes.

“Mark Of The Beast Technologies On The Rise”

http://www.prophecynewswatch.com/article.cfm?recent_news_id=103

[SubMareener]

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.

[grania]

coins and silver will always have value

I've been trying to figure it out the past two years or so. Easily recognizable and verifiable silver coins and bullion always have a value based on what they are worth for their silver content.

What it takes time to sort through is all of the cons out there. I don't want to purchase coins with much subjective value based on their rarity. If I buy a coin, it's because it's interesting to me. In a crisis, they'd probably end up being sold for their silver content.

[I want the USA back]

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.

[metmom]

Pennies before 1982 have much higher copper content.

Other coins have varying amount of silver.

Regardless, coins are metal and have some value as that.

OTOH, brass may become a sellers market.

That might be worth much more than silver.

Brass, the new precious metal.

[Idaho_Cowboy]

if investors/depositors were ever to try and convert even a small portion of this “wealth” into actual physical bills, the system would implode (there simply is not enough actual cash).

---

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.

[Mr Apple]

(there simply is not enough actual cash).

Glad I'm just a small fry investor as I can still sleep well each night. But, I wonder how those who have one hundred thousand and up invested in stocks are sleeping at nights now. I'll bet there's a lot of tossin' and turnin' going on this past two weeks. :(

[EBH]

A lot of people better think about that the next time they go to use their smart phone to pay for something.

I was out with a friend on Friday and she was all excited to get her Starbucks gift cards loaded on her phone. I watched in utter amazement as she held up her right hand and phone to be scanned to buy her tea.

[StoneWall Brigade]

End Time Bible Prophecy Ping

Mark of the Beast Revelation 13.

To be on the End Time Bible Prophecy Ping List, FReep mail me, or Saveferris

[StoneWall Brigade]

Ping

[NorthMountain]

Brass, the new precious metal.

Some of us have been investing in lead and brass for years.

[SubMareener]

We are very close, and He is going to come quickly!

Revelation Chapter 12:
1 Now a great sign appeared in heaven: a woman clothed with the sun, with the moon under her feet, and on her head a garland of twelve stars.
2 Then being with child, she cried out in labor and in pain to give birth.

Nelson, Thomas (2009-02-18). Holy Bible, New King James Version (NKJV) (p. 1193). Thomas Nelson. Kindle Edition.

Previous Bible commentators have taken this as a symbolic vision about Israel (Mary) giving birth to Jesus, and marking the start of the 3 1/2 year Great Tribulation.
However, since “knowledge had increased”, we can use star charting programs such as Stellarium to see that this could be a literal “great sign” in heaven.

The constellation “Virgo”, the Virgin, has always been identified with Mary the Mother of Jesus. The nine stars of Leo, the Lion (of Judah), form a “garland” above her head.
Jupiter has always been identified as the “King” star. It is striped (by His stripes we are healed) and has a large, red spot (they pierced His side).

Here is the sequence of events regarding the Sun, Moon, Jupiter, Virgo, Leo, Mercury, Mars and Venu

Mon, 21 November 2016 = 20th of Cheshvan, 5777
Jupiter enters Virgo (the Virgin’s Womb) crossing line from Spica to Porrima

Sat, 28 January 2017 = 1st of Sh’vat, 5777
Jupiter retrograde motion begins inside Virgo.

Sat, 10 June 2017 = 16th of Sivan, 5777
Jupiter prograde motion resumes inside Virgo

Thu, 17 August 2017 = 25th of Av, 5777
Total Solar eclipse across America (Charleston to Portland)

Sun, 10 September 2017 = 19th of Elul, 5777
Jupiter crosses Heze — Spica line. Virgin gives birth? Conjunction Regulus and Mercury

Wed, 20 September 2017 = 29th of Elul, 5777
New Moon, Venus — Regulus conjunction

Sun, 24 September 2017 = 4th of Tishrei, 5778
Sun at Virgo’s shoulders (clothed), the Moon is at her feet, Mercury, Mars, Venus are added to Leo’s nine stars as Virgo’s 12-star ‘garland’

The great sign in the heaven is complete. This formation has not happened in the past 6000 years and won’t happen again for at least another 2000 years.

Luke 21
25 “And there will be signs in the sun, in the moon, and in the stars; and on the earth distress of nations, with perplexity, the sea and the waves roaring;
26 “men’s hearts failing them from fear and the expectation of those things which are coming on the earth, for the powers of the heavens will be shaken.
27 “Then they will see the Son of Man coming in a cloud with power and great glory.
28 “Now when these things begin to happen, look up and lift up your heads, because your redemption draws near.”

Nelson, Thomas (2009-02-18). Holy Bible, New King James Version (NKJV) (p. 1023). Thomas Nelson. Kindle Edition.

See the image at: http://i.ytimg.com/vi/_1y_hLqVXf4/maxresdefault.jpg

[EBH]

Nope...barter won’t work fine.

Get a paycheck? Direct Deposit...how are you going to use the deposit? Pay bills etc. Ok. Via internet for now...

Want cash for groceries...only so much barter will feed a family?

This is all actually quite frightening.

Asked this the other day...what will they do to you when you refuse?

[ctdonath2]

Most “money” is debt. Stocks constitute hypothetical value, manifesting ONLY when someone actually sells it to another actually paying money for it. Bonds and other “instruments” are, literally, debt. Even the “cash” in your checking account is debt: the bank owes you, and assumes they’ll actually have cash on hand should you “cash out”.

Old aphorism: “bad money drives out good”. Cash currency is good money; debt currency is bad money. Those holding “good money” want to keep it, so they do everything they can to _not_ hand it over to others. By restricting access to cash (you can’t even expect to walk into a bank and empty your checking account, limited to $X,000/day withdraws), adding fees for handling cash, and otherwise discouraging its use, the banks persuade customers to make “debt money” (reassignment of who-owes-whom numbers) their norm and, thus, the bad money drives out good.

It’s even gotten to the point that a discovery of ANY abnormally large cache of cash is presumed ill-gotten contraband and subject to immediate confiscation, putting burden of proof on the now-denied owner that it is not the result of criminal activity. You can’t keep, say, a year’s salary on hand literally under your mattress.

Darkly amusing: we’ve gone thru this before. Used to be the dollar was gold-backed, with far more paper currency in circulation than the gold available to pay it all off. Finally, after decreasing gold holdings and increasing friction to access it, the link was finally dropped entirely. We survived (for now).

[topspinr]

I believe a Uncirculated Morgan Silver Dollar will always be worth more than it’s silver content.

[laplata]

http://investmentwatchblog.com/deutsche-bank-bankruptcy-will-be-declared-soon-and-it-will-wipe-out-the-entire-banking-system-fed-is-preparing-for-this-event/

[Ken H]

Thank our Drug Warriors for laying the groundwork =>

The Bank Secrecy Act of 1970 (or BSA, or otherwise known as the Currency and Foreign Transactions Reporting Act) requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering.

Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of more than $10,000 (daily aggregate amount), and to report suspicious activity that might signify money laundering, tax evasion, or other criminal activities.

http://en.wikipedia.org/wiki/Bank_Secrecy_Act