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    Avalon Member TrumanCash's Avatar
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    Default War on cash

    Who is the governments’ strongest ally in their War on Cash?

    The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”):

    Whether it’s for mulled wine at the Christmas market, a beer at the bar, even the smallest charge is settled digitally. Even the homeless vendors of the street newspapers Faktum and Situation Stockholm carry mobile card readers.

    A similar situation is unfolding in Denmark, where nearly 40% of the paying demographic use MobilePay, a Danske Bank app that allows all payments to be completed via smartphone. With more and more retailers rejecting physical money, a cashless society is “no longer an illusion but a vision that can be fulfilled within a reasonable time frame,” says Michael Busk-Jepsen, executive director of the Danish Bankers Association.

    World’s Biggest Cashless Laboratory

    While Sweden and Denmark may be the two nations that are closest to banning cash outright, the most important testing ground for cashless economics is half a world away, in sub-Saharan Africa.

    In many African countries, going cashless is not merely a matter of basic convenience (as it is in Scandinavia); it is a matter of basic survival. Less than 30% of the population have bank accounts, and even fewer have credit cards. But almost everyone has a mobile phone. Now, thanks to the massive surge in uptake of mobile communications as well as the huge numbers of unbanked citizens, Africa has become the perfect place for the world’s biggest social experiment with cashless living.

    Western NGOs and GOs (Government Organizations) are working hand-in-hand with banks, telecom companies and local authorities to replace cash with mobile money alternatives. The organizations involved include Citi Group, Mastercard, VISA, Vodafone, USAID, and the Bill and Melinda Gates Foundation.

    In Kenya the funds transferred by the biggest mobile money operator, M-Pesa (a division of Vodafone), account for more than 25% of the country’s GDP. In Africa’s most populous nation, Nigeria, the government launched a Mastercard-branded biometric national ID card, which also doubles up as a payment card. The “service” provides Mastercard with direct access to over 170 million potential customers, not to mention all their personal and biometric data.

    The company also recently won a government contract to design the Huduma Card, which will be used for paying State services. For Mastercard these partnerships with government are essential for achieving its lofty vision of creating a “world beyond cash.”

    A New Frontier

    In India an even more ambitious project is under way: the Unique Identification Authority of India (UIDAI), which aims to create a centralized voter enrolment system for 1.2 billion people. It will be the largest identity platform and biometric database in the world. There’s only one snag: according to its creators, the only way to make the system work effectively will be through the widespread adoption of electronic payment systems, side by side, as always, with biometric recognition systems.

    Given that cash is still king on the subcontinent, the government may have its work cut out. Finance minister Arun Jaitley has repeatedly underscored the need to transform India into a cashless economy, supposedly to “rein in the problem of black money.” However, with its huge informal economy, India remains the largest producer and consumer of currency notes after China (as well as the biggest consumer of gold).

    Here’s more from India’s Financial Express:

    Currently less than 5% of all payments are done electronically. Results from the ICE 360 Cash Survey 2014 show that cash is the preferred mode of payment even in Delhi, the most affluent and developed metropolis. Nearly 73% of all purchases by Delhi consumers are paid for in cash and only 17% by card.

    Naturally the Indian government will do all it can to change this situation. In an article in the Daily Mail Nandan Nilekani, one of the technocrats behind UIDAI, urges the government to lead the way. “The government must be the initial driver, using the heft and reach of its social security schemes to drive the adoption of an electronic payments model,” Nilekani asserts. “As momentum grows, private players can step in.”

    Those private players will no doubt include banks. After all, in a world where every transaction – or at least every “official” transaction – must be electronic, the power of banks over individuals is likely to dramatically increase, as Brett Scott warns in an article for The Guardian:

    With this comes the specter of bank surveillance, where every transaction you ever partake in is authorized and recorded by a privately run commercial bank, giving it a transaction-by-transaction history of your entire commercial life. If such a bank does not like an enterprise – such as Wikileaks – it can just freeze it out.
    The New Cost of Doing Business

    An oft-overlooked benefit of cash transactions is that there is no intermediary. One party pays the other party in mutually accepted currency and not a single middleman gets to wet his beak.

    In a cashless society there will be nothing stopping banks or other financial mediators from taking a small piece of every single transaction. They would also be able to use – and potentially abuse – the massive deposits of data they collect on their customers’ payment behavior. This information is of huge interest and value to retail marketing departments, other financial institutions, insurance companies, governments, secret services, and a host of other organizations.

    Another very important perk of cash is that it significantly limits central banks’ ability to continue conducting arguably the greatest financial heist of the modern age, i.e., negative interest rate policy (NIRP). The only way that central banks can maintain negative interest rates ad infinitum is by abolishing cash altogether, as the Bank of England chief economist Andrew Hadlaine all but admitted. As long as cash exists, there’s no way of preventing depositors from doing the logical thing – i.e. taking their money out of the bank and parking it where the erosive effects of NIRP can’t reach it.

    So in order to save a financial system that is morally beyond the pale and stopped serving the basic needs of the real economy a long time ago, governments and central banks must do away with the last remaining thing that gives people a small semblance of privacy, anonymity, and personal freedom in their increasingly controlled and surveyed lives.

    The biggest tragedy of all is that the governments and banks’ strongest ally in their War on Cash is the general public itself. As long as people continue to abandon the use of cash, for the sake of a few minor gains in convenience, the war on cash is already won.

    A war conducted by bankers, politicians, academics, even startup guys.

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    Default Re: War on cash

    Seems like an appropriate time to remind us of the crusaders who are on a war against money in a different way. This guy.

    You want to talk democracy? This is living with your vote. You want to talk conviction? This is tieing the threads into a rug to lay down one's head on. The only ONLY way we can stop these "too big to fail" models is to change our vote and rob them of their power. It is no less than death, but also no less than birth.

    I say this on internet that i am paying for, so I'll preach no more.

    As for such dubious projects, the veil is being lifted. The Koch brothers had an interview recently that RTs show Redacted Tonight made fun of. Just proves what we have been saying forever about their motives and goals. The veil is lifting. It is time for action. NOTHING is wasted.
    ♪ ~Blessed are the Cracked~ ♪
    ♪ ~For they let in the Light~ ♪

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    Default Re: War on cash

    "La réalité est un rêve que l'on fait atterrir" San Antonio AKA F. Dard

    Troll-hood motto: Never, ever, however, whatsoever, to anyone, a point concede.

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    Default Re: War on cash

    Quote Posted by TrumanCash (here)
    Who is the governments’ strongest ally in their War on Cash?

    The War on Cash is advancing on all fronts.
    Bitcoin might be viewed as one of the weapons in this war.

    Us serious hackers can run our own full blown bitcoin wallet servers ... but most people will rely on services partially or almost entirely "in the cloud" (they won't know which), and even us serious hackers rely on major financial services to exchange between bitcoin and other currencies.

    Part of the problems with major online bitcoin services stealing money could just be a setup to make sure that they too are "well regulated" before they go "big time."

    ... so like much of the Web, the very thing that us serious hackers think might be a salvation of humanity risks instead becoming more of another tool of enslavement.

    Doubtlessly, guns and swords demonstrate a similar dichotomy. The guns will make us free crowd has no chance against a major military or police force.
    Last edited by Paul; 9th November 2015 at 21:50.

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    Default Re: War on cash

    In Colombia the governement and the banksters have tried by all possible means to fight cash transactions, but 90% of all transactions are still made in cash, mainly because people don't trust banks at all. I guess some times people still get away with what's best for them.

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    Default Re: War on cash

    and with the new bank chip in the "Master" card they can track you forever where ever if in your wallet or pocketbook/pocket. One scan and they know who and what you are.

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    Default Re: War on cash

    Fanta, You do know that the ballot box is broken in the USA and much of the world. It is much better to vote with your money - hopefully cash. Or vote with your feet and stay out of the big banks. All of these types of voting require an informed public.
    - Warren Light

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    Default Re: War on cash

    A few articles from David Ickes headline page, most days he posts financial related
    articles , I don't have the time or expertise to post them as threads , and leave that
    to others unless it happens to tie into something I'm already posting. There is one
    that is a bit worrying to freedoms that is the war on cash. Most transactions are
    done digitally but its always handy and reassuring to keep so cash in my wallet in
    case at the supermarket or garage " The computer says No " !......




    The Money Scam ....related articles

    http://www.davidicke.com/headlines/c...he-money-scam/

    =================================================

    US saddled with debts of $65 trillion: Former comptroller

    By David Icke on 8th November 2015 The Money Scam



    The real US debt is over three times bigger than what is officially announced,
    standing at about $65 trillion, says the former comptroller general.

    When all of the country’s unfunded liabilities are added up, the national debt
    is [over]three times as much the oft-cited figure of $18 trillion, said Dave
    Walker, who headed the Government Accountability Office (GAO) under former
    Presidents Bill Clinton and George W. Bush.

    “If you end up adding to that $18.5 trillion the unfunded civilian and military
    pensions and retiree healthcare, the additional underfunding for Social Security,
    the additional underfunding for Medicare, various commitments and contingencies
    that the federal government has, the real number is about $65 trillion rather than
    $18 trillion, and it’s growing automatically absent reforms,” Walker told host John
    Catsimatidis on “The Cats Roundtable” on New York’s AM-970 in an interview airing
    Sunday.’

    Read more: US saddled with debts of $65 trillion: Former comptroller

    http://www.presstv.ir/Detail/2015/11...S-economy-debt

    ==============================================
    ==============================================

    Bitcoin spikes as Russian fraudster starts Ponzi scheme in China
    By David Icke on 8th November 2015



    Published on 6 Nov 2015

    The bitcoin exchange rate surged to above $490 on November 4 - its high point of
    the last year. This spike is supposedly linked to the rising popularity of "financial
    social network" MMM created by entrepreneur Sergey Mavrodi in China.
    READ MORE: http://on.rt.com/6vqj

    RT LIVE http://rt.com/on-air



    ================================================== =
    ================================================== =


    War on Cash: Banks to start charging for cash deposits

    By David Icke on 30th October 2015 The Money Scam



    ‘Few could have envisioned it even just a few years ago, but it’s happening now,
    and on an ever-widening scale. More big U.S. banks are shunning cash, because
    the banking system has become so dependent on other “assets” that large cash
    deposits actually pose a threat to their financial health, according to The Wall
    Street Journal.

    State Street Corporation, a Boston-based institution that manages assets for
    institutional investors, has, for the first time, begun charging some customers
    for making large cash deposits, according to people familiar with the development.

    And the largest U.S. bank in terms of assets — JP Morgan Chase & Co. — has
    dramatically cut “unwanted” deposits to the tune of $150 billion this year alone,
    in part by charging customers fees.

    What gives? What kind of world do we live in when banks no longer want cash?’

    Read more: War on Cash: Banks to start charging for cash deposits.’

    http://www.naturalnews.com/051762_ca...gulations.html

    ================================================== =
    ================================================== =

    Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead

    By David Icke on 7th November 2015 The Money Scam

    ‘Why won’t the American people listen to the warnings? David Stockman was a member
    of the U.S. House of Representatives from 1977 to 1981, and he served as the Director
    of the Office of Management and Budget under President Ronald Reagan from 1981 to
    1985. These days, he is running a website called ‘Contra Corner’ which I highly recommend
    that you check out. Stockman believes that a global ‘debt super-cycle’ that has been
    building for decades is now bursting, and he is convinced that the consequences for the
    U.S. and for the rest of the planet will be absolutely catastrophic.’

    Read more: Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead

    http://rinf.com/alt-news/editorials/...er-dead-ahead/
    Last edited by Cidersomerset; 10th November 2015 at 20:54.

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    Default Re: War on cash

    I would think that the CIA and secret gov't ops depend on cash sales for their black budgets/ opaque power.

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    Default Re: War on cash

    Good point: CASH = PRIVACY = FREEDOM

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    Default Re: War on cash

    All information I uncovered suggests the elite experiments with ideas that go against or counteract the system they succeed very well in, at least on appearance. The Marxist-Leninist experiments certainly show this; in which people line up for miles waiting to get their daily sustenance and basic survival needs met, and where only 1 outlet exists for any good or service provided. These systems also attempted, and initially failed at implementing systems where money would be eliminated, in the end they settled for direct control over banking in foreign states.

    When John Rockefeller stated that 'competition is a sin', he certainly wasn't kidding. Putting that in this context helps a great deal.

    Whether or not there is a reliance on cash, similar problems exist, and the prevailing theme is that the actions they take all lead to whole nations becoming dependent on them and by extension, subservient to their global agenda. In that case, I would say it is naive to believe a system continuing to utilize cash will change the balance of power all that much, remember... what digital currency was in place during the Napoleonic Wars? There may be truth in the claim that a cashless society opens up the possibility of 'undesirables' being removed covertly, but I see the entire game as rigged or easy for a handful of people to manipulate, at best the argument boils down to a 'not as bad as' viewpoint, or the 'least worst' option.
    The most merciful thing in the world, I think, is the
    inability of the human mind to correlate all its contents...
    -Howard Phillips Lovecraft.

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    Default Re: War on cash

    Let us not forget what Nick Rockefeller told Aaron Russo about their goal of a cashless society where everyone is "chipped".

    And if you spoke out against the system they would turn your "chip" off and leave you with no money at all.

    This is not speculation; Aaron Russo was told this by a member of the Rockefeller family.

    If you haven't yet watched this interview with Aaron Russo, by all means watch it: https://www.youtube.com/watch?v=N3NA17CCboA


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    Default Re: War on cash

    They’re coming for your cash

    By Mark Nestmann • November 10, 2015

    It might sound like a conspiracy theory spun by right-wing crazies. But judging by the increasing desperation of governments to reboot the world economy, it just might happen.

    “It” is the recall or confiscation of cash, i.e., dollars, euros, pounds, etc., in physical form. And a key justification that those calling for this radical measure cite is that it reinforces the ability of central banks to impose negative interest rates.

    Negative rates mean that lenders literally pay businesses and consumers to borrow money. They also penalize savers for hoarding it. The Danish and Swiss national banks have gone the farthest into negative territory, with interest rates of -0.75%. That means €100,000 in a euro-denominated account in Switzerland would be worth only €99,250 after one year. While these rates apply only to “excess reserves” banks maintain at the central bank, nothing stops banks from requiring depositors to share the pain.

    But that’s not enough, according to some economists. Citicorp’s chief economist, a technocrat named Willem Buiter, thinks the US needs much lower interest rates to push the economy out of the doldrums. He thinks negative interest rates around -6% would do the job. But there’s one condition: For his plan to work, he says, the government must abolish cash.

    It’s easy to understand why Buiter might not have warm and fuzzy thoughts about cash. After all, if your bank is taking 6% from your savings, $100 in your account would be worth only $94 at the end of one year, $88.36 after two years, and $83.06 after three years. On the other hand, a $100 bill with Ben Franklin’s picture on it would still be worth… well, $100. Buiter understands that as long as cash exists, no one will voluntarily keep their savings in accounts with negative interest rates.

    And Buiter isn’t the only one pointing out that outlawing cash could stimulate the economy, especially in a crisis. In a recent article, Michael Pento, president and founder of Pento Portfolio Strategies, observed:

    “Strategies such as pushing interest rates into negative territory, outlawing cash, and sending electronic credits directly into private bank accounts may appear more palatable in the midst of market distress.” (emphasis added)

    And the Fed seems to be catching on to the prospect of negative interest rates. At the latest meeting of the Fed’s Open Market Committee, at least one member suggested that negative interest rates might be worth considering.

    As for abolishing cash altogether, proposals to do so are much further advanced outside the US. Italy and France have banned allcash transactions over €1,000. Spain has banned cash transactions exceeding €2,500. Similar restrictions are in place in Belgium, Bulgaria, Greece, Mexico, Russia, Uruguay, and other countries.

    In the US, cash transaction limits don’t yet exist, but de facto limits already are enforced. I’ve received reports from several clients of interrogations by banks if they withdraw more than a few thousand dollars in cash from their accounts. And depositing or withdrawing more than $10,000 in cash from an account requires that banks (as well as other “financial institutions”) file a Currency Transaction Report with the IRS. “Structuring” a single cash transaction into multiple transactions to avoid this requirement is a crime. And if the circumstances surrounding a transaction above $5,000 are “suspicious,” financial institutions must file a Suspicious Activity Report.

    Federal, state, and local law enforcement agencies consider cash holdings inherently suspicious. Under the Alice-in-Wonderland legal process of civil forfeiture, they can seize your cash if they believe that it’s somehow connected to a crime. That’s easy, since nearly 100% of cash circulating today contains tiny concentrations of narcotics residues – primarily cocaine. All police need to do is bring in a drug-sniffing dog to inspect the cash. If the dog alerts, police seize the cash. And under civil forfeiture rules, it’s up to you to prove that the cash has a legitimate origin.

    If the government decides to restrict cash transactions or outlaw cash altogether, how would they do it? Actually, efforts along this line are already well under way. Many airlines accept only credit or debit cards for inflight purchases. Louisiana forbids cash for some secondhand sales of scrap metal. A proposal in Wisconsin would ban cash payments for treatment at pain clinics.

    But for negative interest rates to really take hold, the Fed will need to step in. One proposal is for cash to be recalled in a very short period – as little as 10 days. Anyone turning in more than a relatively low threshold – perhaps as little as $1,000 – would be required to prove that the cash was generated legally and that all taxes on the income had been paid. Otherwise, 30% or more of the cash would be confiscated.

    The article continues here....

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    Default Re: War on cash

    The War on Cash: Joseph Salerno

    This is a very interesting audio of Joseph Salerno about the war on cash.

    Governments, at least modern western governments, have always hated cash transactions. Cash is private, and cash is hard to tax. So politicians trump up phony reasons like drug trafficking and money laundering to win support for bad laws like the Bank Secrecy Act of 1970, which makes even small cash transactions potentially reportable to the Feds.

    Today cash is under attack like never before. Ultra low interest rates are the norm for commercial bank accounts. In Europe, as the ECB ventures into negative nominal interest rates, certain banks threaten to charge customers for depositing cash. Meanwhile, certain European bonds now pay negative yields, effectively turning them into insurance products rather than financial assets. And some economists now call for the outright abolition of cash, which shows just how far some will go in their crazed belief that economic prosperity can be commanded by forcing us to spend rather than save.

    The War on Cash is real, and it will intensify. Here to explain is Dr. Joe Salerno, who spoke on the subject at our recent Mises Circle event in Stamford, Connecticut.

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    Default Re: War on cash

    In a cashless or nearly cashless society here is what will happen to truth tellers when they speak out against corruption in government:

    As Joseph Salerno has observed, the elimination of physical cash makes it easier for the state to keep track of private persons, and it assists central banks in efforts to punish saving and expand the money supply by implementing negative interest rate schemes.

    A third advantage of the elimination of physical cash would be to more easily control people and potential dissidents through the freezing of their bank accounts. As William Grigg recently reported, federal regulators have the ability to freeze the bank accounts and credit card accounts of citizens, even without charging them with a crime or providing any other due process:

    “My drone operators went public this week and now their credit cards and bank accounts are frozen,” Radack lamented on her Twitter feed (the spelling of her post has been conventionalized). This was done despite the fact that none of them has been charged with a criminal offense – but this is a trivial formality in the increasingly Sovietesque American National Security State.

    Michael Haas, Brandon Bryant, Cian Westmoreland and Stephen Lewis, who served as drone operators in the US Air Force, have gone public with detailed accounts of the widespread corruption and institutionalized indifference to civilian casualties that characterize the program. Some of those disclosures were made in the recent documentary Drone; additional details have been provided in an open letter from the whistleblowers to President Obama, Defense Secretary Ashton Carter, and CIA Director John Brennan.

    Read more at http://thefreethoughtproject.com/dro...pSBKMzBPeWr.99

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    Default Re: War on cash

    Excellent discussion guys. Here in India they are pushing for unique id for all citizens and talking about giving incentive for cashless transactions to boost it.

    The argument is for "financial inclusion" of the poor in banking system.

    Most people do not seem to realize what they are getting into and even small shops prefer card payments even with a fee of 2-3% just for the convenience.

    The newly elected our Mr. Modi champions these cashless deals.

    It is unbelievable how confident the politicians can be when selling their ideas without any regard to long term consequences and the silly people nod their heads and buy all that logic and go back to watching cricket or soap in TV.

    Dangerous days ahead. That Aaron Russo interview with Alex Jones I saw few years back changed my perspective forever. Salute to Aaron for exposing the evil ones.

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    Default Re: War on cash

    The International War On Cash

    Submitted by Tyler Durden on 01/12/2016 19:00 -0500

    Submitted by Jeff Thomas via InterntionalMan.com,

    Back in 2008, I began warning of increasing capital controls that we would see in the future, as a component in the decline of Western economies (Western in the broad sense, including Japan, Australia, etc.)

    Along the way, it occurred to me that, at some point, governments might collectively attempt to eliminate paper currency in favour of an electronic currency - transferred from party to party solely through licensed banks. Sound farfetched? Well, maybe, but what if the U.S. and EU agreed on an overall plan, then suggested it to other governments? On the face of it, this smacks of conspiracy theory, yet certainly, all governments would benefit from this control and would be likely to get on board. In fact, it might prove to be the only way out of their present economic problems.

    So, how would it play out? Here’s roughly how I saw Phase I:
    • Link the free movement of cash to terrorism (Create a consciousness that any movement of large sums suggests criminal activity.);
    • Establish upper limits on the amount of money that can be moved without reporting to some government investigatory agency;
    • Periodically lower those limits;
    • Accustom people to making all purchases, however small or large, through a bank card;
    • Create a consciousness that the mere possession of cash is suspect, since it’s no longer “necessary”.
    When I first wrote on the subject, there was considerable criticism as to the possibility that such a programme would ever be attempted, let alone succeed. And, granted, it was so Orwellian that it was understandably seen as a crackpot idea. But since that time, the programme has been developing extremely rapidly. In the last six months alone, it has become so visible that it has even garnered a name - “the War on Cash”.

    References in the media have been made that terrorist groups fund their attacks with cash. Dozens of countries have placed limits on the maximum amount of money that can be moved without reporting. Some, notably France, have already begun lowering their limits. Banks in some countries, notably Sweden, are already treating all cash transactions as suspicious. The previously theoretical Phase I is now well under way.

    This issue has expanded more quickly than I’d anticipated. Clearly, the governments that are forcing it into being are running out of time. There can only be one reason why they’d rush a programme that normally would be given more time for people to accept, and that’s that they see a crash coming before they can get Phase II of the programme underway.

    Although most anyone who’s paying attention recognises that Phase I is in motion, Phase II (as I perceive it) is not yet on the radar, but I believe it will be soon. Phase II will be the second wave of measures and they will be more draconian than Phase I:
    • Create a definitive false flag event that demonstrates how physical cash is the primary means of funding evil acts in the world;
    • Declare a date on which paper currency will become illegal (Until that date, it can be deposited into a bank. After that date, it becomes criminal to possess it.);
    • Once all cash has been deposited in banks, increase negative interest rates;
    • Confiscation of deposits can then be implemented, as desired, by banks (Confiscation of deposits is already legal in Canada, the U.S., and the EU.);
    • Confiscate contents of selected safe deposit boxes;
    • End “voluntary” taxation. All taxation will, in future, be by direct debit;
    • Declare money to be the property of the State that issued it. (The people are allowed to trade in it, but it is not truly theirs. The State therefore can freeze or confiscate the funds in any account, if any crime is “suspected”.).
    In recent months, I’ve warned repeatedly that, since confiscations of deposits will take place, we must assume that banks will additionally raid safe deposit boxes, as stated in the above list. Some banks, beginning with JPMorgan Chase, have placed limits on what forms of wealth can be placed in safe deposit boxes. Since then, Greece has taken this one step further. In future, Greek citizens will be required to declare cash exceeding €15,000, jewellery and precious stones valued at over €30,000 and declare the location of the safe deposit box in which they’re stored.

    The declaration is fraught with difficulties for the depositor, as he bears the obligation to accurately appraise each item. Should authorities disagree with the appraisal of, say, Grandma’s diamond brooch, the depositor would be suspect and may face confiscation.


    State Wealth Control

    Once Phase II is completed, state wealth control will exist. And, again, this prediction will seem at first glance to be Orwellian - a mere fiction. But then, less than a year ago, the War on Cash was regarded by only a few as being even within the realm of possibility, let alone right around the corner. And so it is with Phase II. Now that Phase I is in motion, it’s accepted as an unsettling reality, but Phase II is the obvious sequel.

    If you have cash in a bank, you think of it as your own. This is not the case. It’s wealth that you’ve loaned to the bank. In the future, the bank (with governmental approval) will have the power to decide if and when they will return all, or a part, of that cash to you. They will set the rules as to how that decision will be arrived at and those rules will be changed periodically. Since those rules will be arrived at by the banks (without need for your consent), the outcome will most certainly not be in your favour.


    Those who read this statement might react in one of three ways:
    • “This can’t be happening.”
    • “Okay, it’s happening, but there’s nothing I can do about it. It’s global.”
    • “There must be something I can do to keep from being robbed.”
    The first group will be the largest. They will freeze up, do little or nothing, and become victims.

    The second group may complain and even struggle a bit against these developments, but won’t prepare sufficiently and, ultimately, will also become victims.

    The third group will seek alternatives, and here’s where the light appears at the end of the tunnel. Yes, this effort will be international, but it won’t be fully global. There will be those jurisdictions that, traditionally, have not been willing to fall into line with the world’s foremost powers. They will not wish to go off the same cliff as the others and will take a different tack. They will be the recipients of those people who seek to escape the collapsing system. But, more than ever before, time is limited; the window is clearly closing.


    Escape from Confiscation

    The solution is surprisingly simple, although it will take work and dedication:
    • If you’re a resident of any jurisdiction that’s presently going down this road, move your money to a jurisdiction that has a consistent history for stable government, low (or no) direct taxation, and minimal interference or regulation over wealth;
    • Convert your wealth into those forms of assets that are hardest for rapacious governments to confiscate (foreign-held precious metals and real estate);
    • Create an exit plan for your own physical escape, should it become necessary.

    Editor’s Note: The War on Cash and negative interest rates are radical and insane measures. They are a sign of desperation.

    They are also huge threats to your financial security. Central planners are playing with fire and inviting a currency catastrophe.

    Most people have no idea what really happens when a currency collapses, let alone how to prepare…

    How will you protect your savings in the event of a currency crisis? This just-released video will show you exactly how. Click here to watch it now.
    "La réalité est un rêve que l'on fait atterrir" San Antonio AKA F. Dard

    Troll-hood motto: Never, ever, however, whatsoever, to anyone, a point concede.

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    Default Re: War on cash

    From your friendly bank-teller...

    Having Cash While Black — Rapper Attacked by Police After He Withdrew $200K to Buy Car

    By John Vibes on January 10, 2016


    Atlanta, GA – On Friday afternoon, a wealthy rapper was assaulted by police and had guns drawn on him because he took a large sum of money out of the bank. Blac Youngsta, born Sam Benson, withdrew $200,000 cash from a bank so he could purchase an expensive vehicle and was attacked by police as soon as he reached the parking lot because he was confused for a forgery suspect.

    “I come out the bank, I see the police, I’m walking to my car, I see one of them point to my bag like ‘him,’. They come bum-rushing me at the car, put me on the ground, putting guns to my head. I’m like ‘What I’d do,’ A lady was like I’m not supposed to have $200,000 on me. I’m like, ‘I’m a millionaire. How can I not have $200,000 on me?’” Benson said.

    “They couldn’t believe I was young, Black, handsome as hell, and they couldn’t believe I was getting $200K out. I had my Rolex on with all the diamonds in it, all my rich stuff today,“ he added.

    Benson’s bank account reportedly has nearly $1.5 million deposited.

    According to police, the bank called 911 to report a forgery suspect who attempted to cash a bad check worth $24,000.

    Sgt. Warren Pickard of the Atlanta Police Department said that the incident was a “mistake.”

    “It was quickly discovered that the person providing the description to police had provided the wrong description of the suspect. It was determined that the occupants of the vehicle were not involved. They were immediately released,” Pickard said.

    “This incident did not directly involved Blac Youngsta, nor was he accused of committing a crime,” Pickard added

    Benson told reporters that he withdrew the large sum of money to buy a new Mercedes as a celebration for his recent success in the music industry.

    The thing is I’m a rapper. How I live my life, I don’t believe in checks. I’ve always dreamed about going in the bank, getting a half a million out and taking it to the car lot. Where I come from we don’t believe in taking checks to the car lot we pay cash money,” he said.

    In the photos taken of the incident, the police can be seen laughing as Benson is on the ground.

    However, the police did not leave without confiscating $100,000 from Benson, under the pretenses of investigating his finances to determine whether or not his money was “legitimately earned.”

    Benson showed reporters the $100,000 that he had left and told them, “I might just take this right here and throw it in the strip club tonight just cuz they made me mad.”

    "La réalité est un rêve que l'on fait atterrir" San Antonio AKA F. Dard

    Troll-hood motto: Never, ever, however, whatsoever, to anyone, a point concede.

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    Default Re: War on cash

    The International War on Cash

    by Jeff Thomas



    Back in 2008, I began warning of increasing capital controls that we would see in the future, as a component in the decline of Western economies (Western in the broad sense, including Japan, Australia, etc.)

    Along the way, it occurred to me that, at some point, governments might collectively attempt to eliminate paper currency in favour of an electronic currency - transferred from party to party solely through licensed banks. Sound farfetched? Well, maybe, but what if the U.S. and EU agreed on an overall plan, then suggested it to other governments? On the face of it, this smacks of conspiracy theory, yet certainly, all governments would benefit from this control and would be likely to get on board. In fact, it might prove to be the only way out of their present economic problems.

    So, how would it play out? Here’s roughly how I saw Phase I:
    • Link the free movement of cash to terrorism (Create a consciousness that any movement of large sums suggests criminal activity.);
    • Establish upper limits on the amount of money that can be moved without reporting to some government investigatory agency;
    • Periodically lower those limits;
    • Accustom people to making all purchases, however small or large, through a bank card;
    • Create a consciousness that the mere possession of cash is suspect, since it’s no longer “necessary”.
    When I first wrote on the subject, there was considerable criticism as to the possibility that such a programme would ever be attempted, let alone succeed. And, granted, it was so Orwellian that it was understandably seen as a crackpot idea. But since that time, the programme has been developing extremely rapidly. In the last six months alone, it has become so visible that it has even garnered a name - “the War on Cash”.

    References in the media have been made that terrorist groups fund their attacks with cash. Dozens of countries have placed limits on the maximum amount of money that can be moved without reporting. Some, notably France, have already begun lowering their limits. Banks in some countries, notably Sweden, are already treating all cash transactions as suspicious. The previously theoretical Phase I is now well under way.

    This issue has expanded more quickly than I’d anticipated. Clearly, the governments that are forcing it into being are running out of time. There can only be one reason why they’d rush a programme that normally would be given more time for people to accept, and that’s that they see a crash coming before they can get Phase II of the programme underway.

    Although most anyone who’s paying attention recognises that Phase I is in motion, Phase II (as I perceive it) is not yet on the radar, but I believe it will be soon. Phase II will be the second wave of measures and they will be more draconian than Phase I:
    • Create a definitive false flag event that demonstrates how physical cash is the primary means of funding evil acts in the world;
    • Declare a date on which paper currency will become illegal (Until that date, it can be deposited into a bank. After that date, it becomes criminal to possess it.);
    • Once all cash has been deposited in banks, increase negative interest rates;
    • Confiscation of deposits can then be implemented, as desired, by banks (Confiscation of deposits is already legal in Canada, the U.S., and the EU.);
    • Confiscate contents of selected safe deposit boxes;
    • End “voluntary” taxation. All taxation will, in future, be by direct debit;
    • Declare money to be the property of the State that issued it. (The people are allowed to trade in it, but it is not truly theirs. The State therefore can freeze or confiscate the funds in any account, if any crime is “suspected”.).

    In recent months, I’ve warned repeatedly that, since confiscations of deposits will take place, we must assume that banks will additionally raid safe deposit boxes, as stated in the above list. Some banks, beginning with JPMorgan Chase, have placed limits on what forms of wealth can be placed in safe deposit boxes. Since then, Greece has taken this one step further. In future, Greek citizens will be required to declare cash exceeding €15,000, jewellery and precious stones valued at over €30,000 and declare the location of the safe deposit box in which they’re stored.

    The declaration is fraught with difficulties for the depositor, as he bears the obligation to accurately appraise each item. Should authorities disagree with the appraisal of, say, Grandma’s diamond brooch, the depositor would be suspect and may face confiscation.

    State Wealth Control

    Once Phase II is completed, state wealth control will exist. And, again, this prediction will seem at first glance to be Orwellian - a mere fiction. But then, less than a year ago, the War on Cash was regarded by only a few as being even within the realm of possibility, let alone right around the corner. And so it is with Phase II. Now that Phase I is in motion, it’s accepted as an unsettling reality, but Phase II is the obvious sequel.

    If you have cash in a bank, you think of it as your own. This is not the case. It’s wealth that you’ve loaned to the bank. In the future, the bank (with governmental approval) will have the power to decide if and when they will return all, or a part, of that cash to you. They will set the rules as to how that decision will be arrived at and those rules will be changed periodically. Since those rules will be arrived at by the banks (without need for your consent), the outcome will most certainly not be in your favour.

    Those who read this statement might react in one of three ways:
    • “This can’t be happening.”
    • “Okay, it’s happening, but there’s nothing I can do about it. It’s global.”
    • “There must be something I can do to keep from being robbed.”

    The first group will be the largest. They will freeze up, do little or nothing, and become victims. The second group may complain and even struggle a bit against these developments, but won’t prepare sufficiently and, ultimately, will also become victims.

    The third group will seek alternatives, and here’s where the light appears at the end of the tunnel. Yes, this effort will be international, but it won’t be fully global. There will be those jurisdictions that, traditionally, have not been willing to fall into line with the world’s foremost powers. They will not wish to go off the same cliff as the others and will take a different tack. They will be the recipients of those people who seek to escape the collapsing system. But, more than ever before, time is limited; the window is clearly closing.

    Escape from Confiscation

    The solution is surprisingly simple, although it will take work and dedication:
    • If you’re a resident of any jurisdiction that’s presently going down this road, move your money to a jurisdiction that has a consistent history for stable government, low (or no) direct taxation, and minimal interference or regulation over wealth;
    • Convert your wealth into those forms of assets that are hardest for rapacious governments to confiscate (foreign-held precious metals and real estate);
    • Create an exit plan for your own physical escape, should it become necessary.


    Editor’s Note: The War on Cash and negative interest rates are radical and insane measures. They are a sign of desperation.

    They are also huge threats to your financial security. Central planners are playing with fire and inviting a currency catastrophe.

    Most people have no idea what really happens when a currency collapses, let alone how to prepare…

    How will you protect your savings in the event of a currency crisis? This just-released video will show you exactly how. Click here to watch it now.
    "La réalité est un rêve que l'on fait atterrir" San Antonio AKA F. Dard

    Troll-hood motto: Never, ever, however, whatsoever, to anyone, a point concede.

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