The elitist establishment push for a cashless economy

"Cari bancari, ma non vi fate schifo?"

 "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?..." ***The International War on Cash

Πάντα χωρεῖ καὶ οὐδὲν μένει καὶ δὶς ἐς τὸν αὐτὸν ποταμὸν οὐκ ἂν ἐμβαίης. -Ἡράκλειτος ὁ Ἐφέσιος
Everything changes and nothing remains still; you can’t step twice into the same stream. -Heraclitus of Ephesus
***Change Happens!

In A World Of Artificial Liquidity – Cash Is King and you'd better have some stashed out of the system
Not only have the major banks been the main recipient of manufactured liquidity, they have also received consolidated access to our deposits, which they can use like hostages to negotiate future bailout situations. Elite bankers moan about the extra regulations they have had to endure in the wake of the financial crisis, while scooping up cash dispersed under the guise of stimulating the general economy.
Central banks seek fresh ways to keep the party going as countries like Greece shut down banks to contain capital flight, and places like Puerto Rico and multiple states and municipalities face economic ruin. But they are clueless as to what to do.
In this cauldron of instability and lack of leadership, cash is the one remaining financial possession that Main Street can translate into goods, services and security. That’s why private banks want more control over it.

Banks Want Your Cash For Their Latent Emergencies
One of the most inane reasons cited for restricting cash withdrawals for normal people is that they all might turn out to be drug dealers or terrorists. Meanwhile, drug-dealing-money-laundering terrorists tend to get away with it anyway, by sheer ability to use a plethora of banks and off shore havens to diffuse cash around the globe.
Every so often, years after the fact, some bank perpetrators receive money-laundering fines. For average depositors though, these are excuses for a bureaucracy built upon limiting access to cash whether from an ATM or an account.
There’s a difference between physical cash (the kind you can touch and use immediately) and the electronic kind, associated with your bank balance or credit card cash advance limit. If you hold it, you have it – even if keeping it in a bank means it’s probably slammed with various fees.
Banks, on the other hand, can leverage your deposits or cash, even while complying with various capital reserve requirements. That’s not new. But the expanding debates about how much of your cash you get to withdraw at any given moment, is.
The notion of a bail-in, or recourse to people’s deposits, is related to the idea of restricting the movement, or existence, of physical cash. Bail-ins, like any cash limitations, imply that if a bank needs emergency liquidity, your deposits are the place to find it, which has negative repercussion on your own solvency. This is exactly what the Glass-Steagall Act of 1933, coupled with the creation of the FDIC sought to avoid – banks confiscating your money at the worst possible times.
The ‘war on cash’ is thus really a war on the difference between the money you can hold on to and the money the banks can take away from you. The existence of this cash debate underscores the need for a personal policy of cash extraction from the big banks. Do you have one?
They're Coming For Your Cash
Liquidity-starved banks will take your savings via bail-ins.
•The banking system runs on liquidity
•Banks will do anything to keep it flowing -- including raiding their depositors
•The risks of a global liquidity crunch are dangerously high today
•Why extracting physical cash from the system is highly advised
Liquidity is the buzz-word that central banks used to justify their policies of keeping short term rates at zero (give or take) percent and buying bonds from banks in return for giving them more of it. Central banks say their primary responsibility is to balance full employment with low inflation, but that’s just code for being able to keep the largest banks solvent in times of emergency by all means possible. This current emergency has lasted nearly seven years and counting.

Here are my laws of liquidity behavior:
The first law of liquidity – when it is most needed, it will be least available.
The second law of liquidity – the easier it is to get, the less value it holds for the recipient.
The third law of liquidity – the harder it is to find, the greater its systemic cost.
Banks gain on multiple fronts from “accommodative” monetary policy with respect to their liquidity needs. First, they can borrow money at next to nothing. Second, they can hoard that extra cash under the guise of complying with capital reserve requirements and get brownie points for passing stress tests because they are holding the cash or high quality assets bought with the cash, that central banks provided them to begin with. Third, they can sell bonds they don’t want or need at full value to central banks, and afterwards mark similar bonds at higher levels than the market would otherwise value them.

This is all shell-game finance. It is why people should be diligent about...***Nomi Prins

***The Death of Cash    Germany Unveils "Cash Controls" Push:Ban Transactions Over €5,000, €500 Euro Note

27 MAGGIO 2016 “Il direttore mi disse: non far marcire la liquidazione sul conto”     ***Cari bancari, ma non vi fate schifo?

Jan 31, 2016 at 11:56am ...le banche italiane sono tutte serie; non ce ne è una che ride...

<...1. Every financial transaction can be taxed.
2. Every financial transaction can be charged a fee.
3. Bank runs are eliminated.
In fractional reserve systems such as ours, banks are only required to hold a fraction of their assets in cash. Thus a bank might only have 1 percent of its assets in cash. If customers fear the bank might be insolvent, they crowd the bank and demand their deposits in physical cash. The bank quickly runs out of physical cash and closes its doors, further fueling a panic.
The federal government began insuring deposits after the Great Depression triggered the collapse of hundreds of banks, and that guarantee limited bank runs, as depositors no longer needed to fear a bank closing would mean their money on deposit was lost.
But since people could conceivably sense a disturbance in the Financial Force and decide to turn digital cash into physical cash as a precaution, eliminating physical cash also eliminates the possibility of bank runs, as there will be no form of cash that isn’t controlled by banks...>

***Norway's Biggest Bank Demands Cash Ban

domenica 7 febbraio 2016 A. Bagnai:"...Abbiamo di fronte a noi un'alternativa non semplice: o un gesto disperato ma risolutivo, o alcuni decenni di disperazione. Chi ci comanda non ha chiari i termini del problema, ve lo garantisco (e del resto lo vedete da voi), e quindi quale sarà l'esito ve lo lascio immaginare..."

"...You don’t need to be a conspiracy theorist to recognize that if a central bank drives interest rates into negative territory, it’ll struggle to manage with physical cash. When a bank balance starts being eaten away by a sub-zero interest rate, cash starts to look inviting..."
 

***Europe’s €500 Notes Are the Latest Front in the War on Cash 

***Here Is The Real Reason Why Authorities Want To Ban High Denomination Bank Notes

 ***Capitulation to irrelevance: Italia

 "...The political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash.
And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash.
Simply put, the data doesn’t support their assertion..."  ***An interesting perspective on the War on Cash

***Gold Price Skyrockets in India after Currency Ban – Part IV

The War On Cash Is Increasing

As countries move to negative interest rates the thrust of the policies are to force people to spend. No mattress money allowed thank you. Nations like Japan, Sweden, Denmark and Switzerland have already implemented these policies.
Central Banks are basically charging member banks to hold cash. The superficial belief is to force loan making and spending which will stimulate inflation and growth. The minus rates being applied by the ECB, Denmark, Switzerland, Sweden, and Japan havefailed to juice growth, or stocks, or inflation.
A clear ulterior motive is by eliminating cash, countries will increase tax revenues by negatively effecting the private economy and illegal activities at the same time. A recent move by the ECB is to eliminate the €500 note. This was followed this week by influential economist Larry Summers desires to eliminate the $100 bill. And, so it goes. But clearly the government wishes to squeeze cash transactions.

The Central Banks hate physical cash. So much so they there will likely try to ban it in the near future.
You see, almost all of the “wealth” in the financial system is digital in nature.
◾The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.
◾When you include digital money sitting in short-term accounts and long-term accounts then you’re talking about roughly $10 trillion in “money” in the financial system.
◾In contrast, the money in the US stock market (equity shares in publicly traded companies) is over $20 trillion in size.
◾The US bond market (money that has been lent to corporations, municipal Governments, State Governments, and the Federal Government) is almost twice this at $38 trillion.
◾Total Credit Market Instruments (mortgages, collateralized debt obligations, junk bonds, commercial paper and other digitally-based “money” that is based on debt) is even larger $58.7 trillion.
◾Unregulated over the counter derivatives traded between the big banks and corporations is north of $220 trillion.
When looking over these data points, the first thing that jumps out at the viewer is that the vast bulk of “money” in the system is in the form of digital loans or credit (non-physical debt).
Put another way, actual physical money or cash (as in bills or coins you can hold in your hand) comprises less than 1% of the “money” in the financial system.
As far as the Central Banks are concerned, this is a good thing because 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.
A money market fund takes investors’ cash and plunks it into short-term highly liquid debt and credit securities. These funds are meant to offer investors a return on their cash, while being extremely liquid (meaning investors can pull their money at any time).
This works great in theory… but when $500 billion in money was being pulled (roughly 24% of the entire market) in the span of four weeks, the truth of the financial system was quickly laid bare: that digital money is not in fact safe.
To use a metaphor, when the money market fund and commercial paper markets collapsed, the oil that kept the financial system working dried up. Almost immediately, the gears of the system began to grind to a halt.
When all of this happened, the global Central Banks realized that their worst nightmare could in fact become a reality: that if a significant percentage of investors/ depositors ever tried to convert their “wealth” into cash (particularly physical cash) the whole system would implode.
As a result of this, virtually every monetary action taken by the Fed since this time has been devoted to forcing investors away from cash and into risk assets. The most obvious move was to cut interest rates to 0.25%, rendering the return on cash to almost nothing.
However, in their own ways, the various QE programs and Operation Twist have all had similar aims: to force investors away from cash, particularly physical cash.
After all, if cash returns next to nothing, anyone who doesn’t want to lose their purchasing power is forced to seek higher yields in bonds or stocks.
The Fed’s economic models predicted that by doing this, the US economy would come roaring back. The only problem is that it hasn’t. In fact, by most metrics, the US economy has flat-lined for several years now, despite the Fed having held ZIRP for 5-6 years and engaged in three rounds of QE.
As a result of this… mainstream economists at CitiGroup, the German Council of Economic Experts, and bond managers at M&G have suggested doing away with cash entirely.

If you think this sounds like some kind of conspiracy theory, consider that France has a cash ban on any transaction over €1,000 Euros from using physical cash. Spain has a cash ban on transactions over €2,500. Uruguay has cash bans on transactions over $5,000. And on and on.
A cash ban will be coming to the US in the near future. Already, the big banks (the ones with the closest ties to the Federal Reserve) have begun turning away deposits OR charging them.
State Street Corp. , the Boston bank that manages assets for institutional investors, for the first time has begun charging some customers for large dollar deposits, people familiar with the matter said. J.P. Morgan Chase & Co., the nation’s largest bank by assets, has cut unwanted deposits by more than $150 billion this year, in part by charging fees…
And here’s another big “tell”…
“At some point you wonder whether there will be a shortage of financial institutions willing to take on these balances,” said Kelli Moll, head of Akin Gump Strauss Hauer & Feld LLP’s hedge-fund practice in New York, saying that where to hold cash has become an increasing topic of conversation as hedge funds are shown the door by longtime banking counterparties.
So where is the physical cash meant to go?
Jerome Schneider, head of Pacific Investment Management Co.’s short-term and funding desk, which advises corporate and institutional clients, said that as a result of the bank actions, he and his customers have discussed as cash alternatives boosting investments in U.S. Treasury bonds, ultrashort-duration bond funds and money-market funds.
When it comes to cash, Mr. Schneider said, “Clients have been put on warning.”
Source: Wall Street Journal.
This is just the beginning. Indeed…
-Graham Summers

Should the war on cash prove unsuccessful in its early stages, banks could be closed for long periods.
Investors should be aware of such possibilities and consider whether to hold cash and precious metals prudently outside the banking system.
Better to be even months too early than a second too late should we be left facing a bank’s closed doors.
-John Browne

War on Cash Chapter: End Of Story
"...The truth is that if society panics and there is a full blown rush out of existing electronic bank deposits and into physical currency to avoid negative rate taxation, only those who panic first will be safe. Why? Because of the "magic" of fractional reserve banking - there is simply not enough physical currency in circulation to satisfy all savers' claims..."

The Global Run On Physical Cash Has Begun: Why It Pays To Panic First

'need more asshats' comment on the above ZH article: I yanked all my cash from Wells Fargo last week. Closed the account. Fuck 'em.
I'm doing my part. How about you?
***********

"...Cash has a lot of virtues. One of them is that it allows people to engage in voluntary transactions without the knowledge or permission of anyone else. Governments call this suspicious, but the rest of us call it something else: Freedom."
Glenn Reynolds: Cash is the currency of freedom

***Cognitive Dissonance & Confirmation Bias

2017: The Global War on Cash

If low interest rates were the solution for robust economic growth why has the near zero rates in major economies failed so far in this endeavor? Furthermore why would interest rates at minus 5 percent revive economic growth? Why not minus 10 percent or perhaps minus 20 percent?
Note that the abolition of cash implies the removal of money and hence the destruction of the division of labor and the market economy. It is likely that rather than promoting economic growth, abolishing cash to permit the central banks to lower interest rates into deeper negative territory will lead to the destruction of the market economy and promote massive economic impoverishment.
Will Eliminating Cash Save the Economy? NO! Meanwhile, ***The EU is preparing for a cashless society...

Fred & EntendanceInvestors Beach...because this place is for Uncolonized Minds

"...Every time the Deep State hatches a new looting scheme, they dress it up in false righteousness, phony morality and motherhood. In the case of cash elimination, they say it is needed to fight terrorism, drug laundering, tax evasion and crime. This is a huge, concocted, pre-packaged lie; the same kind that Hitler and Goebbels used. Hitler said and proved that if you make the lie big, and repeat it again and again, the people will come to believe it. This is the exact kind of lie the Deep State is telling to push its corrupt, greed-diseased, epically evil cash elimination scam...

"...The cashless society – which more accurately should be called the bank-payments society – is often presented as an inevitability, an outcome of ‘natural progress’. This claim is either naïve or disingenuous. Any future cashless bank-payments society will be the outcome of a deliberate war on cash waged by an alliance of three elite groups with deep interests in seeing it emerge. The first is the banking industry, which controls the core digital fiat money system that our public system of cash currently competes with. It irritates banks that people do indeed act upon their right to convert their bank deposits into state money. It forces them to keep the ATM network running. The cashless society, in their eyes, is a utopia where money cannot leave – or even exist – outside the banking system, but can only be transferred from bank to bank.
The second is the private payments industry – the likes of Mastercard – that profits from running the infrastructure that services that bank system, streamlining the process via which we transfer digital money between bank accounts. They have self-serving reasons to push for the removal of the cash option. Cash transactions are peer-to-peer, requiring no intermediary, and are thus transactions that Visa cannot skim a cut off. The third – perhaps ironically – is the state, and quasi-state entities such as central banks. They are united with the financial industry in forcing everyone to buy into this privatised bank-payments society for reasons of monitoring and control. The bank-money system forms a panopticon that enables – in theory – all transactions to be recorded, watched and analysed, good or bad. Furthermore, cash’s ‘offline’ nature means it cannot be remotely altered or frozen.
This hampers central banks in implementing ‘innovative’ monetary policies, such as setting negative interest rates that slowly edit away bank deposits in order to coerce people into spending. Governments don’t really mention that monetary policy agenda. It isn’t catchy enough. Rather, the key weapons used by the alliance are more classic shock-and-awe scare tactics. Cash is used by criminals! People buy drugs with cash! It’s the black economy! It supports tax evasion! The ability to present control as protection relies on constant calls to imagine an external enemy, the terrorist or Mafiosi. These cries of moral panic are set in contrast to the glossy smiling adverts about digital payment. The emerging cashless society looms like a futuristic sunrise, cleansing us of these dangerous filthy notes with rays of hygienic, convenient, digital salvation..."

***In praise of cash

If you like this beach, then you can help your friends locate it by letting them know about Fred & EntendanceInvestors Beach.
Let's all make this place a thriving sheltered Club for excellence, education and information.

Sollte dir dieser Strand gefallen, dann kannst du deinen Freunden behilflich sein, indem du sie über Fred & EntendanceInvestors Beach informierst.
Lasst uns gemeinsam diesen Ort zu einen blühenden Club für Vortrefflichkeit, Bildung und Information machen!

***Italiani***

"QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple." -Jim Sinclair

"Electronic money, a cashless society, is perhaps the ultimate and most direct means of the New World Order (NWO), also called One World Order (OWO), to control us all via its financial system. A system that the NWO would like to maintain as the world's financial system, albeit, it has already been reduced to the western world's financial system.
Why reduced to the Occident? - Because the Orient, China, Russia and the other countries belonging to the Shanghai Cooperation Organization (SCO) and to the Eurasia Economic Union (EEU) have already largely delinked themselves from the western dollar-based system of fraud. They are saved from slavehood.

This reminds of one of the oldest and world's worst criminal agent against humanity - still alive and kicking - Henry Kissinger:
"Who controls food, controls the people; who controls energy controls entire continents; and who controls money controls the world."
He is, of course, right on all fronts, and has given us this clue already more than 40 years ago. But nobody has really seriously taken it to heart and acted upon these edicts.

Many,***including me, have written about freeing the world from the NWO money control.

Deglobalizing would be a first step towards freeing us all from the bloody claws of the Washington implemented, and Dark State directed NWO.
Critics often talk of an overhaul and reform of the system. This monetary system cannot be reformed. It is privately owned and rotten to the core. None of the private owners, the Rothschild, Rockefeller clans et al, would allow interfering with their wealth, usurped of the back of the world’s workers and populace at large. Former attempts (e.g. under JFK) to bring the FED (Federal Reserve) under national reign, have resulted in failure.
Compare the dollar-based monetary system to the European Union – which cannot be reformed either. Any ‘reform’ is just fiddling at the margins – as is inherent in the term ‘reform’. And that’s not good enough. As we know by now, the EU was not the construct of Europeans, per se, but an idea behind the ‘deep state’, already at the onset of Phase II of the Great Hundred Year War (WWII – September 1939 to September 1945). Phase I (WWI – 1914 – 1918), as well as Phase II were induced to weaken Europe, to make her ready for full domination.

Imagine a ‘Picador’ of a Spanish bullfight, whose job it is to weaken the bull to the point where the torero and matador have a relatively easy task subduing and killing the bull. Well, Europe is the bull. They don’t want to kill Europe altogether, good old Lady Europe, because they need her as a stepping stone for subjugating the rest of the world, for vital trade that helps justifying and generating the unlimited dollar machine – and, as a cushion to the East, where massive military troops and weapons can be stationed in the name of NATO, to eventually launch, what they would like to think, is the final blow on the East, starting with Russia.

For all this the European (non)-Union was created, her Brussels hub, dominated by the non-elected European Commission (EC) which also dictates most of the rules imposed on her 28-member states – and which are all not-so-coincidentally run by neoliberal, some close to neofascist governments. Of course, by adhering to the Brussels dictate, they have become devoid of national sovereignty. That is a must. A sovereign country would not submit to the horrors of police state and militarization that are in the coming. The euro with the Wall Street (Goldman Sachs – GS) run European Central Bank (ECB) is just a logical add-on to the fake EU. By now, many serious scholars have concluded that neither the EU nor the euro are sustainable, but are doomed to collapse sooner or later.
The EU and the € are a complex construct, largely manipulated and carried forward by the Dark State’s main secret services, CIA, NSA, Mossad, MI6 with close collaboration of Europe’s national secret services. Hence, the creation of a complete political and monetary vassal, the European Union and her currency, equally fraudulent as its master currency, the US-dollar.

It is not by chance that today’s western US-dollar based monetary system, with its center, the Federal Reserve (FED), has been created just at the onset of Phase I of the Hundred Year war, i.e. WWI. In 1910, Rhode Island Senator, Nelson Aldrich, with his heart close to the world of bankers, organized a ”hunting trip” for five top Wall Street (WS) bankers to travel in disguise by train to Jekyll Island, off the coast of Georgia, where they concocted in a few days the concept of the modern FED – which was to become the ‘mother’ of the new dollar-based world monetary system, now reduced to the western monetary system. The Federal Reserve Act was signed into law in December 1913 by President Woodrow Wilson.

On his death bed, in 1924 Wilson apparently declared,
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”

The FED, the Bank for International Settlements (BIS – also called the central bank of all central banks, manipulating gold prices and currency exchanges), as well as the related dollar-machine are totally privately owned. On top of the owner pyramid are the Rothschild and Rockefeller clans, et al. Henceforth, all international monetary transactions had to transit through a WS bank, be it in New York or London. This is the only reason why the US government, i.e. Washington and its dark handlers, are able to hand out economic and financial ‘sanctions’ as they please, to control those, who do not want to bend to their dictate.
‘Sanctions’ in terms of blocking trade with a Washington-destined country and punishing everyone who does not observe the sanctions, plus, confiscating a country’s foreign assets – are totally illegal before any international court. But there is no international court that is not bought by this sham monetary system. By the same token, this same deceitful banking-monetary scheme induced the last artificial economic ‘crisis’ 2007 / 2008 – and counting, allowing WS to launch a worldwide globalization of banking which de facto, puts worldwide private banking under the oppressive wings of the FED and WS. This, all the more as the World Trade Organization (WTO) a few years earlier made banking deregulation mandatory for any new WTO wannabe member.

How to get out of this slavery before we are totally locked into a system from where to escape may be nearly impossible? The solution sounds simple enough in theory, but of course is much more complex, as it confronts politics, which is controlled by the ‘dark deep state’ of the NWO, or the One World Order which more appropriately describes what we are faced with.
Nations and societies that want to get out of the killer-claws of those who control the NWO, have to start thinking out of the matrix – ‘deglobalizing and de-dollarizing’.
The first step is thinking in a new paradigm. Greece would have had an excellent opportunity to show the world how to become free of those abusive financial vultures, and regain her sovereignty. Hélas, Geece didn’t. She may have not been ‘allowed’ to do so. A huge dark killer sledgehammer was and still is hanging over the country..."

***“Electronic Money” under “The One World Order” (OWO): Are We Becoming Western Money Slaves? Solutions?

*** “Resistance Economy”, “De-dollarization”, “De-globalization”

My Dear Friends,
This article is not only correct but an enlightened perspective. In my opinion, this is not only what is going to happen but reveals so many truths that the article is worthy of study, and should be required reading. Understand this article is necessary in order to comprehend what is happening. This is happening now, not in some far away future.
Forget the one world conspiracy theory.
The Pyramid Structure of society is too small at the top, with room for only one person. All group theories are hogwash or simply a tool for accomplishing the final goal of that "one" at the top. The $100 and $50 USD have very short term life remaining. Their life could be months, but not years.
Recently India cancelled all large bills. India has a huge population who are known to be unruly. Yet, it is interesting that India has thus far survived this dramatic change in monetary/currency policy.
The coming reset will be a combination of market activity and edict. Few if any know what it will look like, and even fewer will know how to make a fortune because of it. I understand how to do this, and so do you who have remained with us the last 14 years. Some know and others will find out. We are on the precipice of a wealth transfer. Some of you are already prepared and just haven't realized it yet.
I will outline in detail the "how" as the time approaches. My 14 year veterans will not be surprised to know they are already there.
Sincerely, Jim Sinclair

Fred & EntendanceInvestors Beach:***Peter Koenig

The demonetisation of Rs. 500 and Rs. 1000 notes by the government of Prime Minister Narendra Modi is disproportionately impacting the poor of India. Presently 4.5 million Indians die avoidably from deprivation each year and demonetisation will make this worse by increasing poverty, deprivation and disempowerment. Indians must reject this callous and deadly attack on the poor, reject deadly pro-One Percenter neoliberalism and demand social justice via social humanism...
***India’s Demonetization Triggers Extreme Poverty and Famine

August 22, 2017: A Sinister War on Our Right to Hold Cash

They Want to Get Rid of Cash – Lynette Zang

***Sociopaths at work:

***India Bans Gold Exports “Without a Valid Reason”

***Meditate Italiani, meditate***

"...Governments want to get rid of cash for two reasons. First, it gives them more control over citizens: They justify it in the name of fighting terrorists and organized crime, but what they really care about is making sure that nobody escapes their scrutiny, for purposes of taxes, regulation and political finagling. Second, if you’re stuck putting your money in a bank, they can force you to spend it (and thus “stimulate” the economy) by subjecting you to negative interest rates, in which money that just sits in the bank shrinks away, providing an incentive to spend..."
-Glenn Reynolds: Cash is the currency of freedom

***Cash is already pretty much dead in China as the country lives the future with mobile pay

Digital payments expected to hit 726 billion by 2020 — but cash isn't going anywhere yet

***BUY GOLD & SILVER BULLIONS

"...Precious metals is the only asset class which will maintain its purchasing power in the coming financial crisis. But more likely is that gold and silver will do a lot better than just maintaining value. Commodities are now finishing a major bear cycle and will outperform all asset classes in coming years. Gold and Silver will be the winners amongst all the commodities and will reach levels which are hard to imagine today.
What is guaranteed is that paper money will become worthless in the coming crisis and that most bubble asset classes will decline 75-95% in real terms. Gold is nature’s money and as such will be the only money that will survive the coming crisis just as it has for over 5,000 years..."

***DERIVATIVES – A RECIPE FOR DISASTER & SYSTEMIC COLLAPSE***

"...The abolition of cash is necessary for several reasons:
1.To eliminate “black market” economies: the black markets, simply put, are free enterprise minus control and monitoring to regulate and tax those enterprises.
2.To tax “normative” businesses with no possibility of even a dime being unaccounted for
3.To steal with impunity [The Golden Rule: He who has the gold makes the rules]
4.To make your money disappear inexplicably: as in the case of an electronics “glitch” or a “computer error.” With nothing but electronic “quatloos” to your credit, you possess nothing tangible…therefore, it’s easier to take away.
5.To monitor your every transaction: every purchase, every expenditure…providing further ammunition to the companies to incessantly bombard you with marketing and sales attacks based on your demographics.
6.To monitor you, as a person: every like and dislike, your social, religious, political, and private proclivities opened before them.
7.To track your movements, as well as purchases: No more cash means POS (Point of Sale) with the computer (once called a “cash register”), camera above your face, bar coded product, inventory and marketing stats all neatly figured in, and biometric data stored up in one package…. a record of your travels via your purchases, now done electronically.
8.Shut you down in an instant: Some primate reports “suspicious” activity about you, and an investigation begins?..."

***The War on Cash: Crucial Step Toward Totalitarianism

All you need to know about Banksters Cartel International is here

***Ron Paul: Effort to Eliminate Cash is an Attack on Individual Freedom

***Switzerland chooses gold bullion over paper wealth backed by US dollar

***Wichtigster Schweizer Pensionsfonds schwenkt auf physisches Gold um!

***US-Dollar ist die größte Blase – China leitet Zusammenbruch von US-Dominanz ein

The Fred & Entendance Beach: Switzerland

Oct 21, 2017 5:30:05 GMT -5 Entendance said:

Switzerland is no libertarian paradise. It has bureaucrats and a wayward central bank. But it remains an astonishing modern example of the principles of federalism and subsidiarity in action. In fact, it exemplifies Lew Rockwell's daydream: nobody much knows or cares who is president. Its federal administrative state demonstrates humility instead of hubris. And virtually all political decisions, from taxes to welfare to immigration, are decided locally. Claudio Grass joins Jeff Deist to discuss what libertarians can learn from Switzerland, and how neutrality in two disastrous European wars shapes Swiss DNA today.

 

  More here     ***Gold & Silver in Switzerland

Aug 7, 2017 3:46:06 GMT -5 Entendance said:

***Can Switzerland Survive Today's Assault on Cash and Sound Money?

***The cashless society is a con – and big finance is behind it

Central banksters "no crystal balls, average intelligence, below average contact with reality, too much power, no skin in the game, no accountability."

Fernando del Pino

Shadow Banning Is Just the Tip of the Iceberg: We're All Digital Ghosts Now

"Cash is less of a threat to central bank policies when interest rates rise above zero"

Swedish Central Bank Makes U-Turn on Cash as NIRP is Ending

"The Fed is FAR more concerned about BONDS, than stocks.
When stocks collapse, investors lose money.
When bonds collapse, entire countries go broke.
With that in mind, once the US bond market began to collapse, pushing yields above their long-term trendline, it became apparent that the Fed would “sacrifice stocks to save bonds.”

Letting stocks collapse will force capital into bonds, thereby forcing yields lower.
That process is now officially underway. And if you think the Fed is close to “stepping in” you’re mistaken. Cleveland Fed President Helen Mester just told CNBC two days ago that “the stock market drop is FAR from hurting the US economy.”
This ties in with Fed Chair Jerome Powell's assertion during a recent Q&A session that the Fed would not step in to prop up the stock market unless it was a sustained collapse that was bad enough to impact the REAL economy, specifically consumer spending.
In simple terms… the Fed’s not coming to the rescue this time. And stocks are going to have to drop a LOT further before it does." -Graham Summers

 BANKS WON’T SURVIVE WITHOUT BAIL-INS

"...For globalists to gain full control of the financial system, the ability of citizens to hold their money anonymously must end. The strawman arguments in favour of this happening have already been planted within the media – from illicit financing of terrorism to money laundering. Concerted efforts are being made to encourage people to look upon those who prefer to deal in cash with suspicion. When you narrow it down, being able to trace and track every single payment, which is currently not possible if you opt to pay with cash, is the goal here. Therefore, eliminating the choice of using banknotes and coins is essential.
Equally disturbing is the use of interest rates under a CBDC system. Right now, if you hold physical money, it is not vulnerable to a fluctuation in rates. Money held in a bank account, however, is susceptible. Even so, it can easily be transferred to one that offers a better rate, or can ultimately be withdrawn altogether in favour of holding the money in your hand. With CBDC’s, you would be locked in. Positive rates would continue to pay you interest. But what about if rates turned negative throughout the banking system? In this scenario you would be charged for holding your money with the bank, with no way of counteracting such measures.

In short, the loss of anonymity and exposure to negative rates would mean servitude to the banking system. Short of transferring assets into precious metals, it would leave citizens with no means of escape."

BIS General Manager Outlines Vision for Central Bank Digital Currencies

Going Cashless
The governor of the world’s oldest central bank discusses his country’s shift toward digital money

That bank? Read here

The Truth Behind Globalists’ War On Cash

Only those in cryogenic freeze or in solitary confinement for the past couple of decades would not know that privacy is already dead, a quaint relic from a time long since past. In today’s world, the price of participating in society is the sacrifice of privacy and self. It is not so much that technology is the culprit, it’s that a networked world, whether through stories told around a campfire that are passed on in an oral tradition, or instantly via Facebook/Twitter, appears to be a necessary human craving. Wanting to belong to something or some group, to be able to identify with an ideology or fad is apparently irresistible.

The Price of Participating in Society is the Sacrifice of Privacy and Self

The Entendance Beach & Maslow