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Post by Entendance on Nov 3, 2020 8:22:33 GMT -5
The war on cash continues:
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Post by Entendance on Dec 8, 2020 7:52:40 GMT -5
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Post by Entendance on Dec 26, 2020 4:58:31 GMT -5
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Post by Entendance on Jan 28, 2021 8:21:14 GMT -5
1) Perpetual pandemic lockdowns and economic controls until the population submits to medical tyranny. 2) Medical passports and contact tracing as a part of everyday life. 3) The censorship and de-platforming of all voices that oppose the agenda. 4) Greatly reduced economic activity in the name of stopping “climate change”. 5) Greatly increased poverty and the loss of private property. 6) The introduction of “Universal Basic Income” in which the government becomes the all-powerful welfare provider and nursemaid for a generation of dependent and desperate people. 7) A cashless society and digital currency system where privacy in trade is completely erased. 8) creation of a “shared economy” in which no one will own anything and independent production is outlawed. 9) The deletion of national borders and the end of sovereignty and self-determination.
10) The centralization of global political power into the hands of a select few elitists.
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Post by Entendance on Feb 14, 2021 17:57:44 GMT -5
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Post by Entendance on Feb 26, 2021 6:31:31 GMT -5
So, listen up how Bitcoin plays into the globalist plan for digital money. Armstrong warns, “They effectively want to eliminate paper money totally, and this is part of the scheme. The danger of Bitcoin that people don’t understand is the government is not going to allow competition. When it really gets to the point where they have to do something, they will just seize all the crypto currencies and give you an exchange rate swap, and they will be the ones who decide the price. Then, you will get the government digital currency.”
Jim Rickards: "...Why are China and Europe so focused on eliminating cash?..." The only solution
Remember when you hear “digital dollar” this just means “cashless society”. This is very important. -Gold Telegraph
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Post by Entendance on Mar 23, 2021 4:43:24 GMT -5
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Post by Entendance on Apr 10, 2021 7:13:55 GMT -5
"Vaccine Passports"? ... "War on Cash,"? ... The common thread is that these authoritarian ideas are war on our freedom. Total surveillance has been sought by authoritarians for thousands of years; always with the goal of trying to control how people move, or how they spend their money. The spread of the ideas of Liberty are necessary in order to save us from encroaching tyranny.
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Post by Entendance on Apr 30, 2021 6:31:19 GMT -5
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Post by Entendance on Jul 3, 2021 3:55:49 GMT -5
The latest front of war on cash Together with Germans and Greeks, Italians have long been the most stubborn and steadfast of Europeans in their love of cash. For years, they have resisted cards and digital payments and viewed with deep suspicion most campaigns to convert them. To a significant extent, they also saved in physical notes, especially older adults, keeping their “rainy day” funds outside the Italian banking system, which has given them plenty of reasons to question and to mistrust. Just a year ago, there was no reason to think this defiance would waver, at least not anytime soon. But then the pandemic hit, followed by the one of the longest and harshest lockdown policies on the planet. By the time the “second wave hit” and another round of mass closures and self-isolation orders came to pass, countless Italians were stuck at home, forcing daily transactions online. And that’s when the government hit, exploiting this lack of payment alternatives and the practical inability to use cash.
The Cashback scheme A new initiative was launched in December, just in time for the holiday shopping, offering a 10% cashback from the state to citizens who make their purchases with a card or smartphone. They just have to download and register with the government’s own app and they can receive refunds of up to 150 euros. The scheme covers all kind of spending too, including “purchases made in shops, as well as payments to craftsmen, plumbers, electricians, a lawyer or a doctor,” according to a finance ministry spokesman. Given the dire financial straits that so many Italians now find themselves in, along with months of isolation and no way to spend real cash anyway, it is no wonder that the campaign was a raging success. More than 10% of the adult population signed up in the first couple of weeks and according to official data, the total value of reimbursements to be paid already exceeds 222.6 million euros.
And that was just the pilot stage of the program. It will be fully operational and expanded starting in January 2021, with the updated list of refundable payments including car taxes, insurance, and fines. More importantly, there are now also special gifts, rewards and competitions for participants. There is a “Super Cashback” of 1,500 euros for participants who manage to complete the highest number of digital transactions in a set period, as well as a “receipt lottery”, where the more money one spends using a card, the more chances they get to win prizes of tens of thousands of euros every week and month, and even the annual grand prize of 5 million euros.
“Italia Cashless” At first glance, this whole concept might look like a fun and engaging way for the state to stimulate the economy and maybe stem tax evasion a bit while they’re at it. However, if one stops and actually thinks about it, it really is as politically cynical and spine-chilling as it is economically absurd. For one thing, there is an obvious agenda behind the scheme, which is part of the government’s broader “Italia Cashless” plan. This plan is presented as a campaign against tax evasion, which is all well and good, but as we know from recent history and similar initiatives, there’s a lot more to any campaign against cash than simply improving tax compliance. Privacy is a core concern, as is the loss of control over a citizen’s own money. We’ve seen just how aggressively this power can be wielded and abused by governments. Not in the distant past, but only a few years ago, and not in some far away developing nation, but in EU member-states, we witnessed citizens being denied access to their own deposits. We saw Greek pensioners forced to stand in endless lines at the banks for their “cash rations”, the ludicrously low amounts they were permitted to withdraw from their accounts each week.
However, even beyond these grave concerns over citizens’ privacy, property rights and financial freedom, the design of the scheme itself is also severely misguided and extraordinarily irresponsible. We’re in the middle of the worst economic crisis in modern history, a time when countless Italians survive on state assistance, having lost their jobs and incomes, watching their savings dwindle and not knowing when and if they’ll ever find work and earn a living again. And this is the very moment their government choses to massively incentivize consumption.
Apparently, now is the time to go on mindless shopping sprees for stuff they don’t need or can afford, all to create some distorted, artificial demand to bring to life an economy that the government itself first put in a coma. Of course, it was that same mindless spending that’s been encouraged throughout the West by long standing policies that have been in place for years that put so many citizens in the extremely vulnerable position they find themselves today. The impact of the lockdowns and the shutdowns was multiplied by the low savings rates and the preexisting household debt, and now, whatever funds were given out in “relief packages” by the state must also be swiftly spent again, to perpetuate the cycle.
It is clear that this scheme, like so many others like it, is putting in place perverse incentives that will prevent any kind of financial independence. It’s not investing that it subsidizes, nor financial prudence and responsibility. It rewards consumption, and in particular that extremely toxic and self-destructive kind, that promotes “spending for its own sake”. What other outcome might one expect from state-sponsored competitions that encourage citizens to enter a race with each other to see who can spend the most? -Claudio Grass, Hünenberg See, Switzerland
(H/T our member theunderdog61)
Italians do it better, ROTFLMAO
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Post by Entendance on Jul 13, 2021 2:58:52 GMT -5
Repetita Iuvant: asset values are theoretical while liabilities are very real. Bank deposits = 'unsecured' loans to the banks. Gold and Silver = real money. Everything else = credit.
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Post by Entendance on Jul 16, 2021 5:09:06 GMT -5
"The more we hear about a cashless society, I wonder if anyone is really thinking of what this really means? A cashless society mean no cash Zero! It does not mean mostly cashless, and you can still use a "wee bit of cash here and there." Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society are not aware of what they are asking for. A cashless society means (1) if you are struggling with your mortgage on a particular month, you cannot do an odd job to get you through. (2) Your child cannot go and help the local farmer to earn a bit of summer cash, (3) No more cash slipped into the hands of a child as a good luck charm or from their grandparents when going on vacation, (4) no more money in birthday cards. No more piggy banks for a child to collect pocket money and learn about the value of earning. No more cash for a rainy-day fund or for that something special you have been putting $20.00 a week away for. No more little jobs on the side because wages barely cover the bills or put food on the table. No more charity collections, no more selling bits and pieces from your home that you no longer want or need for a bit of cash in return. No more cash gifts from relatives or a love one. What does a cashless society guarantee? Banks have full control of every single penny you own, Every transaction you make is recorded. All your movements and actions are traceable. Access to your money can be blocked at the click of a button when and if the banks need clarification from you and could take up to three weeks, a thousand questions and 5 thousand passwords. Is this what you really want? I really don't think so. My advice to every concerned citizen. Let your elected representative know how you feel now! Don't delay for if you do it may be too late. A very concerned citizen. "
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Post by Entendance on Jul 17, 2021 5:24:31 GMT -5
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Post by Entendance on Jul 26, 2021 5:40:35 GMT -5
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Post by Entendance on Aug 11, 2021 0:27:44 GMT -5
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Post by Entendance on Aug 22, 2021 0:11:51 GMT -5
Economic analyst and financial writer David Morgan says, at some point in the not-so-distant future, the world is going to have another banking crisis. Morgan contends in the next financial crisis, the banks are going to take depositors’ money in what is called a “bail-in.” Morgan explains, “We have this saying in the precious metals world, and that is ‘If you don’t hold it, you don’t own it.’ Let’s move it over to the currency realm. What if you had that same idea that if you don’t hold it, you don’t own it? The reason why that is so important to me and many others is the bailout situation is over. It will be bail-ins next time, which means you become an unsecured creditor of the bank. This means that if you don’t hold it, you may not own it. If we were to have a bail-in...they may not take all of your currency, but they would probably take part of it...If you go to Argentina during one of their episodes, all the money in their banks was still yours, but you were limited to what you could take out. You could be a millionaire or a multi-millionaire, but you could only take out 300 pesos a week. So, what good is that? If your mortgage was 4,000 pesos a month and you can only get 300 pesos a week, you would default on your mortgage.” How much actual cash is out there for you to hold? Morgan says, “M-Zero is the monetary base. That is paper money and coins, and in a round number it’s about $2 trillion. That is a bigger number than what I thought. Another interesting thing is there are 12 billion $100 bills. (That equals $1.2 trillion in $100 bills.) So, the vast majority of the supply of Federal Reserve Notes are in $100 bills.” How much currency is sitting in the banking system that you could tap? Morgan says, “60% of U.S. currency is sitting overseas...So, of all the money out there, only 5% of the available physical money is actually there in the bank in America.” Morgan suggests that you have one to three months cash at home for expenses like rent or mortgage, food and utilities. Morgan also likes gold as an investment, but he especially likes silver. Morgan says, “Silver is totally undervalued and is the most undervalued asset out there.” Morgan contends that “silver is at near record lows” at around $23 per ounce if adjusted for inflation and massive Fed money creation. Another reason to hold physical gold and silver is inflation is starting to take off in a way most people can clearly see now. Even the Fed knows the inflation genie is out of the bottle, and it’s not going to be put back in anytime soon. In closing, Morgan suggests holding some cash, gold and silver in physical form for safety and security.
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Post by Entendance on Sept 6, 2021 3:07:14 GMT -5
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Post by Entendance on Sept 20, 2021 4:05:33 GMT -5
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Post by Entendance on Oct 9, 2021 6:48:42 GMT -5
GATA board member Ed Steer, editor of Ed Steer's Gold and Silver Digest, interviewed this week by Ivan Bayoukhi and Jim Lewis of Wall Street Silver, noted the glaring dichotomy between commodity prices generally, which are soaring, and the prices of gold and silver, which have been falling. Despite the continued suppression of monetary metals prices, Steer thinks governments and central banks are trying to unwind it.
You have to decide whether to look like an idiot before the crash or an idiot after it.
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Post by Entendance on Oct 24, 2021 2:00:44 GMT -5
Biden administration backs down on tracking bank accounts with over $600 annual transactions. Why aren't they going after the hundreds of billions in unpaid taxes by tax cheats and tax avoiders?
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Post by Entendance on Oct 28, 2021 4:15:55 GMT -5
A bank run occurs when many customers withdraw all their money simultaneously from their deposit accounts with a banking institution for fear that the institution is, or might become, insolvent. The situation takes place in fractional reserve banking systems where banks only maintain a small portion of their assets as cash. As more customers withdraw their money, there is a likelihood of default, and this will trigger more withdrawals to a point where the bank runs out of cash. An uncontrolled bank run can lead to bankruptcy, and when multiple banks are involved, it creates an industry-wide panic that can lead to an economic recession.
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Post by Entendance on Nov 6, 2021 12:06:53 GMT -5
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Post by Entendance on Nov 20, 2021 14:43:05 GMT -5
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Post by Entendance on Nov 25, 2021 11:34:08 GMT -5
Economist Ernst Wolff believes that a hidden alliance of political and corporate leaders is exploiting the pandemic with the aim of crashing national economies and introducing a global digital currency.
6 PAGES: The Entendance Beach & Reset
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Post by Entendance on Dec 6, 2021 15:10:48 GMT -5
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Post by Entendance on Dec 29, 2021 12:46:05 GMT -5
Breaking: The Pfizer 6 month data shows that Pfizer's COVID-19 inoculations cause more illness than they prevent. Plus, an overview of the Pfizer trial flaws in both design and execution: PDF
The Pfizer Inoculations Do More Harm Than Good: VIDEO
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Post by Entendance on Jan 17, 2022 6:59:42 GMT -5
THEM OR US. TERTIUM NON DATUR. (THERE IS NO THIRD POSSIBILITY)
...One good way to not comply is to use good old fashion cash for every transaction you can. CAF says, “You need to hold onto your cash because once the system goes all digital, that’s when you can convert to the digital concentration camps. If the system stays cash and more and more people use cash, the perfect system is part cash and part digital because cash can’t be controlled...What we are looking for is decentralization, and decentralization comes with cash and it comes with coin...” ***Here
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Post by Entendance on Feb 16, 2022 3:57:08 GMT -5
"...These passports by nature serve as a form of digital identity"
"...The specific rules don’t even matter, they will likely change based on what the establishment narrative demands, but the punishment will stay the same: Play along, or we’ll take your money. This amount of control is exactly why they have been pressing so hard for a cashless society the last few years, and why that needs to be resisted at all cost..."
The Jesuits are just as influential and menacing today as they were 500 years ago. Trudeau, Jerome Powell, Macron, Biden, Conte, De Mistura, Clinton, Fauci, Monti, Draghi, Elisabetta Belloni, Ciampi, Van Rompuy, Barroso, Rutelli, Mattarella, DeGennaro, Fassino, Abete , Montezemolo, De Rita, Padellaro, Sansonetti & many others /tanti altri... ***What do they have in common?
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Post by Entendance on Feb 22, 2022 10:51:36 GMT -5
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Post by Entendance on Feb 23, 2022 9:02:44 GMT -5
“A NAKED, BOLD, FASCIST ACT”
When leaders of so-called democratic countries take the law into their own hands, we need to start worrying about the jurisdictional safety of such a country. So far Trudeau has given himself the right to seize their bank accounts, but there is no reason why he wouldn’t go further and grab other assets, such as stocks or the content of their bank deposit boxes including gold and silver vaulted with depositories in Canada such as the Royal Mint, Loomis or Brinks.
And why would Trudeau not take similar measures and grab the people’s assets for any arbitrary reason including to replenish the government coffers due to his inept management of the economy?
Any investor who holds assets in Canada should now worry about what else Trudeau will do to put Canada in line with Schwab’s Stakeholder Capitalism agenda to take all assets away from the people. This agenda has little to do with free capitalism but will instead lead to fascism...
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