Oxford Club predicts Federal Reserve will announce end of cash on March 18, 2015

[swoods_blue]

Today, I came across a interesting ad from Oxford Club (and let's all understand up front, this is an ad, of sorts), saying they had information that the Federal Reserve was preparing to announce something on or around March 18 that would effectively mean the end of the use of physical cash, and mark the start of the official transition to a cashless society. It's a long presentation, and makes a lot of points that will resonate with the readers of this forum.

This isn't my area of expertise, but I thought it was remarkably candid in its critique of the Fed, and they are predicting that this shift will lead to historic new boom and bust cycles. One of their recommendations is that investors shift away from long-term treasury bonds (10 year) and shift to shorter-term bonds. And they're clear in saying that they believe the effect of an all-electronic money system is that private companies and governments will have a clear view of ALL of your electronic transactions.

There's a lot more to the presentation, and they are trying to sell products, but I wanted to share it with you and see what the brains here think about it. It's a long ad, but I'm guessing it's a topic of interest to everyone here:

http://pro.oxfordclub.com/MONEYAB49BRKCAORERIIUPS4/LOXFR205/?h=true

Again, this is an ad for a financial publisher, and my question is, how much of this presentation is Oxford Club trolling fearful investors, and how much of it is genuinely useful information?

Do you find the prediction credible that the Federal Reserve will kill off physical cash THIS MONTH?

I have no connection to Oxford Club, other than the fact that I watched the ad, and am not even a customer of theirs. In fact, I just heard of them through this ad. If it weren't for the oddly specific prediction, I would have ignored the whole sales pitch.

[WhiteFeather]

When they run out they can use monopoly money. Same thing No?

[swoods_blue]

A bit more info:

At the end of the 10-minute flash presentation, which is just voice over subtitled text, you can read the whole script. But that version of the script identifies January 28 as the date in question, leading to the conclusion that either their prediction has been pushed back a couple of months, or it is just hype and hogwash.

Nevertheless, because the CONTENT of this ad goes right to some themes and specific insider info shared in the alternative media, I THINK THERE IS SOMETHING IMPORTANT HERE.

Here are a few excerpts from the ad script that illustrate what I mean (this is much abridged; I've indicated chunks I've cut out with ellipses: [...]):



"On January 28, 2015, the Federal Reserve will push an audacious new program. Combined with other forces, it will radically disrupt the supply of physical money – cash and coins – in America.

And it’s going to change the balance of economic power in this nation like nothing that has come before. [...]

But this is not some doomsday scenario, not really. The event you’re about to discover will bring crisis, but also historic opportunity. It will transform almost every industry, economy and society. It could even spawn new branches of human endeavor that will lead us out of the current malaise. [...]

After more than 200 years as the backbone of our economy, the trusted greenback dollar will lose its status around the world... but also right here in America.

You won’t hear about this ahead of time from CNBC or any other mainstream source. But if you have even one dollar in your wallet or bank account, you need to know what’s coming. It will be the most important story about money we’ve seen in thousands of years. [...]

For the first time since the invention of coins, our money supply will undergo a complete transformation. It will start here in America, bringing waves of disruption to our economy and our culture. But it will spread worldwide quickly...

And that’s what we face now: the coming end of physical money in America. This is not a metaphor. We’re talking about the literal, physical death of the dollar. [...]

According to The Wall Street Journal, our supply of physical cash climbed 18% from 2009 to 2011. Using that same data, the supply of digital dollars soared 2,915%, from $33 billion to more than $1.2 trillion, by 2013. That means for every one physical dollar the government creates, it creates 162 electronic dollars. [...]

According to our intelligence, the government is about to launch an assault against physical money. Unlike the gold ban, it could be permanent. This event will ultimately lead to the death of money as we’ve known it for hundreds – even thousands – of years."


(Several examples are cited of people being unable to pay for things like traffic tickets, garbage disposal, mortgages, coffee, and even iPads.)




"But these incidents represent the calm before the storm. Very soon, the Federal Reserve will make a historic move away from cash and toward electronic money. It will accelerate the shift to a cashless America at light speed. Some investors will get killed; some will get very rich. So how will it unfold, and what does it mean to us as investors?

[...]

With the shift away from physical money, the Federal Reserve has found a new source of power – the “digital printing press.” It created as much new “money” as it wanted – for eight straight years – with a few strokes on a computer. As former Fed Chair Bernanke himself said in a report by The Wall Street Journal:

'The [private] banks have accounts with the Fed, much the same way that you have an account in a commercial bank. So, to lend to a bank, we simply use the computer to mark up the size of the account that they have with the Fed. It’s much more akin to printing money than it is to borrowing.'

As economist Harley Hahn writes, “The Fed doesn’t really have the money; the Fed just makes it up.”

[...]

Fact is, there’s very little we can do about it. Thanks to the bizarre wording of the 1913 Federal Reserve Act, the Fed operates without direct oversight from Congress or the president.

We believe this amounts to a monetary coup d’état. The Fed has seized almost total control of our money supply, without any checks and balances.

It can pump money instantly around the globe, thanks to a little-understood computer system called FedWire.


Thanks for participating in this discussion!

[TargeT]

well at least I only have to wait 14 days for this one!

Cashless announcements, Avian visitors, white dragon societies (with ninjas!), huge monetary settlements that will wipe out all debt (like that's even possible...) these things sure are entertaining to read.

a cashless society doesn't make much sense, I could see it coming about with the help of some sort of catalyzing event (aka false flag) but I doubt cash will be wiped out this year.

[Flash]

we are going to have to revert to trading chickens and grains directly if this happens. But I forgot, grains are now all owned by Monsanto!

[swoods_blue]

Looks like this thread is getting plenty of outside attention:


There are currently 41 users browsing this thread. (5 members and 36 guests)

[Bingo]

Martin Armstrong of armstrongeconomics.com says the US will be moving to electronic money for sure. He doesn't give a timeline and March of this year has never been mentioned, but he is very clear we are going cashless. The dollar is finished according to Mr. Armstrong. We will see the beginning of the end in October.

[swoods_blue]

Interesting corroboration, and of course we can all see the trend toward electronic payments. But to me this has always raised huge questions about privacy, as well as our natural right to engage in commerce without being monitored, or without having to support a parasitic financial institution. It's one thing to have the option to conduct business with electronic transacations; it's another thing to require it.

The thing to remember is that anything of value CAN be a medium of exchange. It's odd that we've chosen "credits" created by a non-governmental central bank, which it can and does create arbitrarily, as the best such medium. There doesn't seem to be any real limit on the supply, and no transparency as to how that supply is decided.

Which leads to the question, how do you know if electronic dollars are counterfeit?

[swoods_blue]

The other thing that really stood out to me was this:

This was a sales pitch for a financial information company, but it's a bit unusual that they would so overtly challenge the legitimacy of the Federal Reserve, and by extension, the "dollars" we all use. In particular, the ad goes in depth into the way the Fed arbitrarily creates money, and gets "real" assets" in exchange.

To me this represents the growing public awareness that it's all a rigged system.

[avid]

Silly me - from years ago the words on the crash were March 15th (a Sunday) 2015! Let's hope this is not the case, and all business is resumed as positively as possible. This seems to be a key date however, hopefully one where the globalists see sense and are contrite for the poor they have eviscerated.

[Snookie]

Apparently the Chinese invented paper currency.

I have heard Jim Rickards mention on more than occasion the term "SDR's" (Special Drawing Rights), which he says are a basket of various currencies. He thinks there is a good chance of them being introduced as a world currency.

[Snookie]

The other thing that really stood out to me was this:

This was a sales pitch for a financial information company, but it's a bit unusual that they would so overtly challenge the legitimacy of the Federal Reserve, and by extension, the "dollars" we all use. In particular, the ad goes in depth into the way the Fed arbitrarily creates money, and gets "real" assets" in exchange.

To me this represents the growing public awareness that it's all a rigged system.

Mike Maloney has been talking about how the Federal Reserve have been printing $$ out of thin air for years. He gave a great speech to a bunch of banksters in Russia a few years ago. Needless to say he kicked their arses figuratively speaking. They cut his speech short, unfortunately. Apparently they couldn't handle the truth! 😛

[Redstar Kachina]

..........

[mgray]

I looked at the Oxford Club and George Rayburn a member as well as marketing pro for Oxford. It's a come on for their alt investment fund to "protect" you on March 19.
Nothing to see here, move along lol

[swoods_blue]

September is the month in which a transition away from the current global financial system is expected, and at least a partial reset of debts/assets is required at that time for the new system to function for at least a few years.

Is expected by whom?

[swoods_blue]

I looked at the Oxford Club and George Rayburn a member as well as marketing pro for Oxford. It's a come on for their alt investment fund to "protect" you on March 19.
Nothing to see here, move along lol

Yes, as I said at the outset, it's an ad, and they certainly have an angle. But it also included a specific date, and some specific consequences -- i.e.: people being required to turn in physical cash. Worth discussing, I think.

But I'm also interested in this as a symptom of growing awareness of the emptiness of the current system. Are average investors -- if not average people -- becoming aware that the dollar is "vaporware": a virtual product created by an outside agency?

[Redstar Kachina]

..........

[WhiteFeather]

Hey, did they run out of money on the past due date of March 18 2015? Just checking. :p

[Camilo]

There is no doubt, we're going in that direction, but a change of that nature won't happen overnight, it needs a period of transition that may last several years, perhaps a generation.