You will live in a pod, eat the bugs, own nothing, and be happy.
That’s a pretty small amount..
I remember the shekel used to be worth about a quarter...
So it would be illegal to buy a washer/dryer for cash???
Gawd amitey...
That’s only about $1,800 USD.
After stopping us from accessing our bank money, if any, the next step is to come after the stash in the home cookie jar. As FDR did, print a new bill and allow a few months to turn in the old ones for the new ones before the old ones are deemed worthless. In Venezuela, you were only allowed to trade in a certain amount for payment in kind. After 200k or so, you only got 10c on the dollar for trade ins.
Next, go after the hoarded gold by making it illegal to own more than one ounce, ala FDR again.
If the Nazis caught a family hoarding, they were shot in the street and neighbors were paraded by the bodies.
Trouble is, the American Nazis are doing it arse backwards as the Germans took the guns away first.
1) This is only $1760 at current exchange rates. That is a pretty low limit for cash. Unmentioned in you excerpt is the the private transaction limit is now NIS 15,000 ($4400) and car purchases are cash limited to NIS 50,000 (14,667). These are still pretty low and frankly none of a governments business. Reporting large cash transactions, given frequent use in crime, is reasonable, but prohibitions are not.
2) I concur with your bullfrog comment, however I recommend that in the future you post it separately. My fist impression was that it was in the article cited and it was not.
It sounds like Israel is starting to run out of other people’s money.
“The stated purpose of the law is to force the general public to use digital means of payment rather than cash, so that transactions can be easily monitored. “
Israel, as far as I’m concerned, you’re on your own.
Ping
Just some thought.
.
There is no limit to what cornered rats in a dying govt will do.
They’re doing it gradually. First they set the limit high enough so that we’re not really bothered by it. Then, without any warning, they set the limit much lower. Once we’re accustomed to the new reality, they eliminate cash altogether, which is their end goal.
Once all money is digital, they can take what they want when they determine that “we have enough” (barack obama: “at some point you have to say you have enough”.)
They will then give the money to those who keep them in power. Hard working productive intelligent people like us will not be the recipients.
That will be followed by an unending period of misery, as productivity will cease.
Just wait until they move to spyware digital currency
I don’t understand the problem folks have with living beyond cash. Cash is worthless. Cash has no intrinsic value.
Money as it presently exists is all entries on various electronic ledgers. That is, money is just massless electronic blips that flit from ledger to electronic ledger with no substantive mass at all
That called cash is a paper representation created as a visible substitute for the constantly moving blips ultimately recorded on the host of electronic ledgers. Cash represents blips on the Treasury ledger. That’s all.
There seems to be concern that access to one’s personal electronic ledger will be curtailed and thus one has no money and is destitute. That thought prevails absent the reality that if that happens, the access to the Government electronic ledger and thus the instant devaluation to 0 of the paper.
For most of America, everyone or family has at least one electronic ledger that is located at a bank. There may be several others including banks providing plastic that contains data for accessing the ledger. There might be a ledger at a life insurance company. For sure there is one at the government, state and local, that can make all sorts of transactions via electronic ledger entries. There is certainly one at the internet and cell phone provider. There is one at the place of employment that transfers earnings directly to the personal ledger at the bank.
At present, for many, all money is transacted by a few key strokes on a hand held cell phone computer. There is no visible nor tangible representation beyond the cell phone. The electronic money ledger entries flow into and out of the tiny device totally eliminating the need for worthless pieces of cocaine laced paper.