The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

Huffpost ^ | 4/12/16 | Ellen Brown

[DeathBeforeDishonor1]

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

The bombshell publication of the “Panama Papers,” leaked from a Panama law firm specializing in shell companies, has triggered both outrage and skepticism. In an April 3 article titled “Corporate Media Gatekeepers Protect Western 1% From Panama Leak,” UK blogger Craig Murray writes that the whistleblower no doubt had good intentions; but he made the mistake of leaking his 11.5 million documents to the corporate-controlled Western media, which released only those few documents incriminating opponents of Western financial interests. Murray writes:

Do not expect a genuine expose of western capitalism. The dirty secrets of western corporations will remain unpublished. Expect hits at Russia, Iran and Syria and some tiny “balancing” western country like Iceland. Iceland, of course, was the only country to refuse to bail out its banks, instead throwing its offending bankers in jail.

Pepe Escobar calls the released Panama Papers a “limited hangout.” The leak dovetails with the attempt of Transparency International to create a Global Public Beneficial Ownership Registry, which can collect ownership information from governments around the world; and with UK Prime Minister David Cameron’s global anti-corruption summit next month. According to The Economist, “The Panama papers give him just the platform he needs to persuade other governments, and his own, to turn their tough talk of recent years into action.”

The Daily Bell suspects a coordinated global effort linked to the push to go cashless. It’s all about knowing where the money is and who owns it, in order to tax it, regulate it, “sanction” it, or confiscate it:

[G Larry]

Let’s see “go cashless”....

That seems to place an inordinate amount of control in the hands of banks....

oh...who are regulated by the government.

Will you be turning in your gold and silver and guns as well?

[Toddsterpatriot]

Iceland, of course, was the only country to refuse to bail out its banks, instead throwing its offending bankers in jail.

Iceland screwed depositors instead of rescuing the banks.

less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

Wait, Ellen liked it in Iceland but she warns against it here? Not very consistent

[DH]

Go “cashless” and you will soon find yourself “penniless.”

A computerized record of every detail of your financial transactions is exactly what both the bankers and “big brother” dream about.

Don’t think about circumventing the system because bartering will not work. For example: How do you pay your electric bill, water bill and other public utilities with chickens, labor or other means than cash? Answer: You can’t! You have to use the monetary system.

The sad fact of all if this is that history has proven that “once mentioned” it will eventually become fact. It has never failed and it will not fail to materialize in the future for we, the little people, really have no say in the matter.

I’ve been on this world for a long time and have watched changes that have occurred to our lifestyles whether we liked it or not. The most notable change was when we used to save up to purchase a major buy but when credit became the way of life we became slaves to the banking industry due to the lack of self-control. Now, the majority of working Americans don’t really own anything...the banks do. Don’t think so? Simply don’t make your monthly mortgage or loan payment and you will understand my statement.

With this new “wonderful” idea of a cashless society you not only will be even more controlled by the financial industry but the government will have instant access to all of your financial information for the purposes of taxation and garnishment.

BAD IDEA! BAD IDEA!

[tbw2]

This is a case where learning how illegal aliens work under the table becomes useful.