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Post by Entendance on Jun 8, 2019 3:34:09 GMT -5
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Post by Entendance on Jun 14, 2019 8:12:43 GMT -5
Again, on India We revisit the 2016 Indian rupee demonetization with Jayant Bhandari to hear his experience on the day fiat money became worthless and the knock-on repercussions on Indian citizens and the economy...
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Post by Entendance on Jun 21, 2019 17:01:55 GMT -5
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Post by Entendance on Jul 29, 2019 11:37:32 GMT -5
Please note: updated by Tom from Florida while E. unplugged, disconnected and off the grid until September 2019
Most people assume that, if they have money on deposit in a bank, they own that money. That’s not necessarily the case. Decades ago, some of the world’s most powerful countries began to pass legislation that, if you deposit money in the bank, it becomes the property of the bank. In those countries, if you open a bank account and make a deposit, you sign off legal title to that cash. It becomes an asset of the bank. The reason they got away with this obvious “theft through legislation” was that the banks were required to henceforth regard your deposit as a debt in your favour. So, technically, you were still owed the money, as a bank liability, even though it was no longer truly yours. On the surface, the change of ownership may seem to be a moot point, as, surely any bank would allow you to withdraw whatever you have deposited, or there would be a run on the bank and the bank would fail. Well, that’s a definite “maybe.” What if there were a financial crisis, such as in Greece, where an anticipated run on the banks was circumvented by freezing all accounts, then partially reopening them? If that were the case, the bank in question could allow small amounts of cash to be withdrawn by its depositors each week or each month until the crisis had been safely averted. Surely, that would be a good thing to do, yes? Well, there might be a problem there. It’s just possible that the bank would decide that it was enjoying the revised relationship, that it would like to continue to take in deposits in the normal way, but only pay out “allowances” to depositors as it saw fit. And that’s just what’s happened. The end of the Greek banking crisis has never been acknowledged and depositors have to accept whatever the banks choose to allow them to withdraw, long after the crisis ended. If other banks, throughout the world, were to do the same as Greece, depositors would, in effect, be on an “allowance” from the bank...Will They Take All Your Money?
THE GHOST OF INFLATION FUTURE will turn dreams into nightmares. This ghost has a smiling face… and predator eyes. He is hundreds of feet tall, stalks the land, laying waste to savings, purchasing power, retirement income and the global middle class. This ghost drags $250 trillion in global debt behind him. He smiles fiendishly at trusting individuals and proclaims, “Don’t worry, central banks will save us from debt monsters, we owe it to ourselves, inflation and the business cycle are controlled, stocks will rise forever, trust your politicians, central bankers have at heart your best interests, and gold is useless in the modern world.” The Ghost of Inflation Future will bring tears to those who believe him! What Happens in a System Reset?
"GoldenStateMint has the next MiniMintage item, Black Swan NOW! Get this 1 oz silver or copper bullion item that is only available until 8/5/2019 at noon EST."
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Post by Entendance on Sept 27, 2019 2:43:09 GMT -5
“Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too.” -Marcus Aurelius
“There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.” -Søren Kierkegaard
"We have a liquidity crisis unfolding because of massive uncertainty. In October, Draghi leaves and Lagarde enters who believes the answer is to eliminate cash..." Liquidity Crisis
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Post by Entendance on Oct 6, 2019 3:35:50 GMT -5
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Post by Entendance on Oct 15, 2019 23:48:16 GMT -5
Let the slaughter begin
La tonnara si è chiusa, inizia la mattanza
16 ottobre 2019 Il tetto al contante cala da 3000 a 2000 euro nel 2020 e 2021, poi scenderà a 1000 euro negli anni successivi. E' questa la mediazione che è stata raggiunta nel CdM sulla manovra. Lo affermano il premier Giuseppe Conte e il ministro dell'Economia Roberto Gualtieri al termine del CdM.
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Post by Entendance on Nov 11, 2019 2:59:47 GMT -5
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Post by Entendance on Dec 11, 2019 23:24:02 GMT -5
The war on cash? “Treating dandruff by decapitation.”
<...The rhetoric coming from the mainstream media and the banking establishment is that physical methods of payment will soon disappear. This is being called the “democratization of money”, and the “multipolar world order”; I'm sorry to say that it's the exact opposite...>
The Rush To A Cashless Society Only Serves Globalist Interests
"...What kind of asset doesn’t get affected, and not only affected negatively, but it gets affected positively? The answer is gold and silver. They are non-liability money. They are not issued by anyone. . . . It is real money..."
Already Inside Gates of Hell – Bill Holter
One World Currency System And Cashless Society Who Are The Globalists And What Do They Want?
Repetita iuvant. The Entendance Beach & Globalism
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Post by Entendance on Jan 14, 2020 2:25:00 GMT -5
January 17, 2020: Financial privacy is being reduced throughout Europe
War on Gold – War on Truth "...How the gold crazy German citizenship has allowed this to happen is unclear. Apart from panic buying in December in the run up to the new lower threshold, there does not seem as if there has been any political backlash. For thousands of years, gold and silver have been a real form of money and savings, and a trusted store of value. Unlike fiat cash, which time and again erodes in value as historical experience has demonstrated. With this latest attack against saving in gold and other precious metals, the disinformation of the German government has been laid bare, and there is no evidence that over the counter cash purchases of precious metals have anything to do with money laundering in Germany... ...Next Stop €1000..."
"In the run up to the end of the year during December, a remarkable sight emerged across Germany – long lines of customers queuing up outside the country’s precious metals shops and gold dealer showrooms. Was it seasonal gift buying by Germany’s citizens, a population well-known for its love of physical precious metals? Or perhaps the onset of panic about negative interest rates in Europe’s largest economy? As it turns out, panic it was, but of a different type, with the long lines triggered by the realization that from 1 January 2020, new national legislation was to take effect that would dramatically reduce the threshold on anonymous buying of precious metals from the existing €10,000 limit to a far lower limit of €2000, all under the guise of money laundering prevention..."
Jan 25, 2020 "...Owning gold is a way to get out of this “debt trap”, but governments don’t want you to own gold. They prefer you to invest in the stock market, in real estate, to make all your purchases on debit or credit because these transactions are trackable. You are trackable. The last thing the government wants is a bunch of gold bugs running around “off-grid” especially during tough economic times, when they could be shopping instead of tying up their money in gold bars and coins. Perhaps this explains why the Germans have fired the first shot in the coming war on gold."
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Post by Entendance on Feb 8, 2020 4:36:42 GMT -5
"It’s all part of the international push by officials to monitor the public. You’re next."
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Post by Entendance on Feb 17, 2020 3:41:59 GMT -5
February 17, 2020
"There is a secret investment that virtually no investors are aware of. This is an investment that despite government manipulation and being besmirched by MSM still has outperformed all asset classes in this century. But it is not just an investment, it is the best hedge that anyone can buy against:
A failure of the financial system Central bank debasement of fiat money Stock market crashes Credit market failures Property bubbles Collapse of art or other inflated assets like vintage cars
This is an asset that has gone up 5-6x in most currencies and more in weaker currencies since 1999. And in the last half century is has gone up 45x. This asset costs almost nothing to hold and can be held virtually risk free outside the banking system. This asset has some wonderful attributes: No counterparty risk No one’s liability Inflation hedge Crisis hedge Only currency that has survived in history It is an asset that has a limited supply and an increase in demand cannot be met by more production but only by higher prices.
THIS ASSET IS A HEDGE AGAINST IRRESPONSIBLE GOVERNMENTS There are periods when monetary policies are sound and when the price of this asset is stable. But other times, like in the last 100 years, when credit expansion and money printing have been rampant, this asset appreciates significantly measured in paper money. In real terms this asset doesn’t go up in price. It just maintains stable purchasing power. But measured in paper or fiat money, the asset appreciates significantly as central banks destroy the value of paper money by printing unlimited amounts. The best time to buy an asset is when it is unloved and undervalued. Currently this asset is as an all time low, compared to the amount of credit creation. And since over time this asset will always react to increases in money supply and debasement of currencies, it is likely in the next few years to correct the current major current undervaluation.
MONEY PRINTING BONANZA WILL PROPEL THE ASSET But there is more to it. Because governments have in the last few months started the biggest money printing bonanza in history. The continued Repos by the Fed and monthly QE of $60 billion plus, EUR20 billion QE by the ECB is just the beginning. The BOJ in Japan is printing $700 billion annually and the PBOC in China is injecting $100s of billions to alleviate the effects of the Coronavirus.
What is absolutely guaranteed is that we have only seen the beginnings of a massive global QE programme. As economies around the world slow down, deficits increase and the financial system comes under more pressure, the floodgates will open up totally.
So we are soon starting the acceleration phase of currency debasement which will further propel the “secret” investment I discuss above.
LESS THAN 0.5% OF INVESTORS KNOW THAT THE ASSET IS GOLD (here) For readers of my articles who belong to the less than 0.5% of investors who buy this asset, it is obviously not a secret that I am talking about gold. But the other 99.5% have not yet discovered gold or other precious metals like silver and platinum which are also massively undervalued. Both technically and fundamentally, the metals are now poised for sustained uptrends that could see price rises of 10x or more. A major part of the rise will be price gains in real terms but as inflation catches hold, eventually leading to hyperinflation, we could see much higher prices in nominal terms.
The primary reason for buying gold is not to make money but to preserve wealth. As the biggest asset destruction period in history takes hold, most of the artificial wealth that has been created in the last 100 years and especially in the last 50 years, will implode. Since the world is totally unprepared for this, it will not only lead to panic in markets but also breakdowns in social structures.
Technically, virtually all governments will default but they won’t admit it of course. Instead, they will continue to print worthless money, combined with debt moratoria. Many will introduce a new currency like crypto dollars or crypto euros to defuse the situation. But since all they will do is to create another form of fake money, markets will only fall for this trick momentarily." -Egon von Greyerz
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Post by Entendance on Mar 4, 2020 4:32:10 GMT -5
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Post by Entendance on Apr 3, 2020 2:53:27 GMT -5
"...Beyond the effort to turn “social distancing” into a new cultural norm enforced by law, there is another agenda being quietly instituted – the cashless society. More and more businesses are starting to refuse cash payments, claiming that paper cash spreads the virus. Oddly enough, they still accept debit cards using pin pads which are much more likely than cash to spread disease. This may force the public to keep their money in banks despite the threat of a credit freeze or bank holiday. What if you pull cash out of your accounts but are not able to spend it anywhere? Eventually, they will ban debit and credit card transactions in stores as well, and replace them with a non-interactive payment model..."
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Post by Entendance on Apr 24, 2020 3:36:09 GMT -5
The war on cash: “Treating dandruff by decapitation.”
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Post by Entendance on May 21, 2020 2:07:49 GMT -5
Mastercard, Visa, and Bill Gates are all pushing for polices to make it harder to use cash, hoping to keep closer tabs on the population through the trail of electronic transactions.
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Post by Entendance on May 26, 2020 5:13:39 GMT -5
"If there’s a crisis will you be able to get any cash out of the bank? Will the banks even have any cash?..."
Bill Gates and His War Against Cash Are a Threat to Our Liberty, Economist Warns
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Post by Entendance on May 28, 2020 1:39:46 GMT -5
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Post by Entendance on May 29, 2020 7:37:07 GMT -5
The ideal tyranny is that which is ignorantly self-administered by its victims. The most perfect slaves are, therefore, those which blissfully and unawaredly enslave themselves. -Dresden James
The cancer of bankers Le cancer des banquiers Het kankergezwel van de bankiers Раковая опухоль банков here
On the Entendance Beach we starve the banksters: gold & silver bullions, outside their banking system. Yes, starve the banksters, stack gold & silver bullions, store them outside their banking system. While the world’s central banksters have given us absolutely no reason to trust them, our governments have given us every reason to NOT trust them. Governments, especially the bankrupt insolvent ones, have a long history of theft, deceit, and plunder. As we have discussed so many times before, confiscation and/or criminalization of gold is not exactly a zero-risk prospect. Not to mention other related risks as litigations and social unrest. Safety deposit boxes where you have ultimate custody of your metal and cash are the best solution.
Starve the EU beast, starve the EU banksters and their politicians: Buying physical Gold & Silver is by far the greatest act of wisdom and rebellion any European can and should be doing right now. More here.
E.
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Post by Entendance on May 30, 2020 10:53:40 GMT -5
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Post by Entendance on Jun 3, 2020 5:22:11 GMT -5
Ron Paul: " Casheless society, you can't do anything on private..."
19:57 mark
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Post by Entendance on Jun 14, 2020 1:28:50 GMT -5
Financial writer Bill Holter says the Fed cutting bank reserves to 0% for the first time in history is a “huge deal” and a red flag for what is coming. Holter explains, “The idea behind lowering the reserve requirement is basically making it easier for banks to lend. In the later part of March, they went to 0% to make it easier for banks to lend. . . . With zero reserve requirement, it could create unlimited lending. . . . The Fed will raise the reserve requirement when it wants to tighten credit, and they will lower it when they try to loosen credit. Getting rid of it all together means the reverse of zero is infinity. So, they are trying to reflate again.”
What could go wrong? Holter contends, “All sorts of things could go wrong. You could have banks lending to any type of project. What it does is it opens the door to more fraud. It opens the door to fraudulent lending and fraudulent borrowing. The bank could be basically busted, and it still won’t matter because they could still lend. If a bank has zero reserve requirement, that does not preclude them to lend.”
So, the bank can never go out of business? Holter says, “Yes, in essence, that’s what the reserve requirement says. They are not required to have any reserves backing your account and your deposits. They can lend as much as they want to with no reserve requirement backing it. I’ll go one step further and say look at what the Fed is doing buying junk bonds. It is putting junk bonds on their balance sheet, and the next thing is they will be buying stocks. . . . So, what’s backing the money itself? It is no longer pristine credit. It is anything and everything in the credit market. The next step is the Fed is probably going to be buying stock.”
Is zero reserve requirement at the banks a sign we are getting close to the end of the Ponzi scheme we have been living through? Holter says, “I’ll answer this with a familiar saying, and that is ‘desperate people do desperate things,’ and that’s pretty desperate. How safe is a banking system that has no requirement for reserves?”
This all circles around to gold and the increasing demand for physical ownership. Holter says, “There is huge demand for physical gold. The amount of gold standing for delivery has increased almost every single day since first notice day. . . . If you go back two years ago, that never ever happened. . . . It looks like the Bank of International Settlements (BIS) is supplying the market to tamp down the price. We don’t know when an actual failure to deliver event is going to happen, but the system has gotten so large that once you get a crack in the credit markets or a question of the credit worthiness of the U.S., you will see capital flow to gold and clean that market right up. Once that does happen, gold and silver will go into hiding. . . . People will not sell their gold or silver for fiat currency. . . . People are waking up to the fact that there is a massive problem in the credit markets. In the past, the safe haven has been the dollar and Treasuries, but if the problem is the dollar and the credit worthiness of Treasuries, what’s the next step of protection? All capital roads lead to gold. That is your safe haven. Gold is the ultimate safe haven. It’s God’s money.”
Buying physical Gold & Silver is by far the greatest act of rebellion any human being can and should be doing right now. Woe to the vanquished: the only sound & honest money left is Gold. Stack your physical gold and silver outside the banking system. E.
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Post by Entendance on Jun 17, 2020 3:46:31 GMT -5
The issue which has swept down the centuries…and which will have to be fought sooner or later…is the people vs. the banks. Liberty is not a means to a higher political end. It is itself the highest political end. – Lord Acton
HERE COMES THE US WAR ON CASH...
"...The pandemic is not going away anytime soon. Everyone should expect that state governments and the federal government will call for renewed lockdowns. With these new lockdowns, the US economy in particular will be finished. With 40 million people losing their jobs during the last lockdowns, many states only partially reopened, and only 13% to 18% of small businesses receiving bailout loans to survive, the next two months are going to be a devastating wake-up call. The real solution will be for people to form more self reliant communities free of the mainstream economy. The real solution should be decentralization and independence, not centralization and slavery. The globalists will seek to interfere with any effort to break from the program. That said, they can do very little if millions of people enact localization efforts at the same time. If people aren't reliant on the system, then they cannot be controlled by the system.
The real test will come with the final collapse of the existing economy.
When stagflation spikes even harder than it is right now and prices of necessities double or triple yet again, and joblessness skyrockets even further, how many people will clamor for the globalist solution and how many will build their own systems? How many will be bowing in submission and how many will be ready to fight back. It is a question I still don't have an answer to even after 14 years of analysis on the issue. What I suspect is that many people will fight back. Not as many as we might hope for, but enough to defend the cause of liberty. Maybe this is overly optimistic, but I believe the globalists are destined to lose this war in the long run." Globalists Reveal That The “Great Economic Reset” Is Coming In 2021
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Post by Entendance on Jun 21, 2020 1:45:13 GMT -5
“Unfortunately, you have a lot of people who say ‘oh dear God, if I am just good, they will leave me alone.’ The reality is, and many people don’t understand, the middle of the road is going away. . . . You have two choices: One is freedom, one is slavery, and everybody is going to have to choose. There is no kind of navigating around it. One subscriber asked me, should I do real estate or precious metals? I said if you don’t have an army, it doesn’t matter where your assets are. You are going to lose them.”
“ They want to go to a new currency system. They want to go to a new system where 7 billion people around the planet are literally integrated into the cloud and can operate with an all-digital system that is the equivalent to a credit on the company store. It’s a control system, and if you look at what they are talking about putting into these injections or doing with them, you are basically talking about a slavery system. You are talking about integrating this into your body. I always tell people Bill Gates put an operating system on your computer that gave somebody a back door and made you update it constantly, and the excuse was there’s a new virus. Well, they are going to play the same game with your body. . . . You are talking about an all-digital system where they can turn your money off and on. You know what this is called if you are a Christian. It’s called ‘Mark of the Beast.’ That’s what they are trying to do here. They are trying to extend the life of the dollar . . . and hook everybody up into the cloud.” “Gold is going to have a very good year.”
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Post by Entendance on Jul 2, 2020 3:45:02 GMT -5
Don't Get Hooked Chapter XI
The War on Cash is the attempt by governments to phase cash out of their economies.
Governments hate cash because they hate the financial privacy cash makes possible. And they prefer that you keep your money in a bank. Starve the banksters! “Why do they hate gold so much?” ...That one is easy—the central banksters and their crony politicians hate gold for the same reason tanning salons hate the sun. Because gold cannot be printed or destroyed, it exists in limited and quantifiable amounts, and therefore, unlike paper money, there is a limit, a tether, on the amount of incompetence and financial mismanagement our elected governments can get away with without being called to account. On the other hand, the amount of paper (or digital) currency that a government can create (usually through the mechanism of its “agent,” or third-party central bank) is limited only by the amount of available ink and paper, the processing capacity of its computer systems, and the ignorance of its citizens. And all of these are now in plentiful supply, it would seem...
"...The ideological agenda of central banks to digitise the entirety of the world’s financial system and to maintain their power base is being spearheaded by the Bank for International Settlements through their Innovation Hub. Unless people begin to recognise where the manipulation and growth in the CBDC narrative is coming from, and how there is a targeted agenda to guide the world into a cashless society, global planners will in the years to come get their way."
(H/T Tom from Florida)
Visualizing the Rise of Digital Payment Adoption
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Post by Entendance on Jul 11, 2020 5:59:49 GMT -5
(H/T our member theunderdog)
FBI concerned over laundering risks in private equity, hedge funds - leaked document
The COVID Crisis Supercharged the War on Cash
Buying physical Gold & Silver is by far the greatest act of rebellion any human being can and should be doing right now. Any excuse will serve a tyrant. E
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Post by Entendance on Jul 24, 2020 12:08:00 GMT -5
"CONTANTI SALUTI (E LE BANCHE RINGRAZIANO) – AGLI ISTITUTI PIACE MOLTO LA CRESCITA DEI PAGAMENTI ELETTRONICI E IL BOOM DEL COMMERCIO ONLINE. PER FORZA, CI GUADAGNANO TANTI SOLDI! – IL SETTORE DEL “CASHLESS” PRESENTA DIVERSE FONTI DI INTROITO CON CUI COMPENSARE TASSI E COMMISSIONI IN CALO: L’EMITTENTE GUADAGNA UNA PERCENTUALE DI QUANTO PAGATO DAL CLIENTE E…"
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Post by Entendance on Aug 1, 2020 10:36:57 GMT -5
"...Gold is perhaps the best defense against negative interest rates and the cashless society."
Buying physical Gold & Silver is by far the greatest act of rebellion any human being can and should be doing right now. Any excuse will serve a tyrant. E
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Post by Entendance on Aug 24, 2020 1:41:25 GMT -5
A cashless world would also give these institutions a new resource to exploit: they would have that much more data to collect in bulk on their customers. It was just last year that Bank of America CEO Brian Moynihan said, “We want a cashless society.”
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Post by Entendance on Oct 21, 2020 4:33:42 GMT -5
Do you see the monstrous power grabs this we're-here-to-help system would institute?
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