The War on Cash is coming to an economy near you

Politics and religion.

Moderator: JasonNC

User avatar
AJ Research Dept
Posts: 2879
Joined: Fri Aug 06, 2010 1:14 am
PostPosted: Tue Nov 29, 2016 3:37 am
Australian news: Cash is for Criminals
http://www.abc.net.au/news/2016-10-21/w ... ty/7933250


Citibank's Australian bank branches go cashless
http://www.smh.com.au/business/banking- ... spedd.html
Economic benefits would include a reduction in crime, higher tax revenue from fewer cash transactions and lower rates of welfare fraud, he said. He estimated phasing out $100 bills would raise household deposits by 4 per cent if they were put into bank deposits.


Ahh, cash out from under the mattress is cash in the bank's coffers. Hmm. Deposits, after all, are really loans to banks, handing over that capital for the banks to use in ways you're not privy to.




Greek banks propose “tax on cash withdrawals” to combat tax evasion
http://www.keeptalkinggreece.com/2016/1 ... x-evasion/


Image
Quote
User avatar
AJ Research Dept
Posts: 2879
Joined: Fri Aug 06, 2010 1:14 am
PostPosted: Tue Nov 29, 2016 3:47 am
The Trump Effect smashed global negative yielding bonds down!

The alarming rise of negative yielding global debt was heading towards 13 trillion. Then Trump was elected and a massive sell off in bonds occurred. There was a plunge down to $8.7 trillion, which is generally good, but bad for the many bond holders who collectively lost trillions on paper.

Image

Image

Image
Quote
User avatar
AJ Research Dept
Posts: 2879
Joined: Fri Aug 06, 2010 1:14 am
PostPosted: Wed Dec 28, 2016 4:17 am
The war on cash is expanding into a war on every form of wealth that is not government-approved digital money.


EU to boost border checks on cash, gold to tackle "terrorism financing"
http://uk.reuters.com/article/uk-eu-sec ... KKBN14A17P

The false war on terror has given endless emergency powers to governments and supra-national governments like the EU. No comprehensive plan has been brought to bear to actually resolve the alleged out-of-control terrorism, but the powers that be are more than happy to broaden their control over everyone. We can assume that is the point, after 15 years of horrible absurdity.

Physical cash and now gold and even prepaid payment cards and bitcoin (which is an uncontrolled form of digital money) are apparently all possible terrorist units of wealth. You better properly explain why you have these, or they may confiscated.
Quote
Previous

Return to It matters!

Who is online

Users browsing this forum: No registered users and 1 guest

cron