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Post by avordvet on Mar 23, 2015 18:26:05 GMT -5
They Are Slowly Making Cash IllegalBy Michael Snyder, on March 23rd, 2015 The move to a cashless society won’t happen overnight. Instead, it is being implemented very slowly and systematically in a series of incremental steps. All over the planet, governments are starting to place restrictions on the use of cash for security reasons. As citizens, we are being told that this is being done to thwart criminals, terrorists, drug runners, money launderers and tax evaders. Other forms of payment are much easier for governments to track, and so they very much prefer them. But we are rapidly getting to the point where the use of cash is considered to be a “suspicious activity” all by itself. These days, if you pay a hotel bill with cash or if you pay for several hundred dollars worth of goods at a store with cash you are probably going to get looked at funny. You see, the truth is that we have already been trained to regard the use of large amounts of cash to be unusual. The next step will be to formally ban large cash transactions like France and other countries in Europe are already doing. theeconomiccollapseblog.com/archives/they-are-slowly-making-cash-illegal
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Post by avordvet on Mar 24, 2015 4:02:52 GMT -5
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Post by avordvet on Apr 24, 2015 5:05:57 GMT -5
Largest Bank In America Joins War On CashSubmitted by Tyler Durden on 04/23/2015 19:00 -0400 The war on cash is escalating. Just a week ago, the infamous Willem Buiter, along with Ken Rogoff, voiced their support for a restriction (or ban altogether) on the use of cash (something that was already been implemented in Louisiana in 2011 for used goods). Today, as Mises' Jo Salerno reports, the war has acquired a powerful new ally in Chase, the largest bank in the U.S., which has enacted a policy restricting the use of cash in selected markets; bans cash payments for credit cards, mortgages, and auto loans; and disallows the storage of "any cash or coins" in safe deposit boxes. Buiter defended his "controversial" call for a ban on cash, as Bloomberg reports: www.zerohedge.com/news/2015-04-23/largest-bank-america-joins-war-cash
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Post by avordvet on May 5, 2015 3:51:47 GMT -5
Why The Powers That Be Are Pushing A Cashless SocietySubmitted by George Washington on 05/04/2015 00:23 -0400 We Can’t Rein In the Banks If We Can’t Pull Our Money Out of Them Martin Armstrong summarizes the headway being made to ban cash, and argues that the goal of those pushing a cashless society is to prevent bank runs ... and increase their control: www.zerohedge.com/news/2015-05-04/why-powers-be-are-pushing-cashless-society
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Post by watchful on May 6, 2015 9:09:34 GMT -5
Support your local Militia! If none in town start one!
With all the stories about I can not imagine why anyone leaves cash in a bank. If you look at history in Europe after WWII, Bosnia, the Eukrain, Post America Vietnam, you would see those who did best had stock buried where it was accessible. Thus the thinking prepper is trading all extra money on valuable metals. AMMO!
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Post by avordvet on Jun 14, 2015 8:40:57 GMT -5
The War On Cash: Officially Sanctioned TheftSubmitted by Tyler Durden on 06/13/2015 22:15 -0400, Submitted by Charles Hugh-Smith of OfTwoMinds blog, While the benefits to banks and governments of banning physical cash are self-evident, there are downsides to the real economy and to household resilience. You've probably read that there is a war on cash being waged on various fronts around the world. What exactly does a war on cash mean? It means governments are limiting the use of cash and a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are both restricting the amount of cash that can be withdrawn from banks, and limiting what can be purchased with cash. These limits are broadly called capital controls. The War On Cash: Why Now? www.zerohedge.com/news/2015-06-13/war-cash-officially-sanctioned-theft
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Post by avordvet on Jun 25, 2015 4:42:39 GMT -5
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Post by avordvet on Aug 25, 2015 4:04:34 GMT -5
Why Government Hates CashSubmitted by Tyler Durden on 08/24/2015 20:10 -0400 Submitted by Joseph Salerno via The Mises Institute, In April it was announced that Greece was imposing a surcharge for all cash withdrawals from bank accounts to deter citizens from clearing out their accounts. So now the Greeks will have to pay one euro per 1,000 euros that they withdraw, which is one-tenth of a percent. It doesn’t seem very big, but the principle at work is extremely big because what they’re in effect doing is breaking the exchange rate between a unit of bank deposits and a unit of currency. Why would they do this? Why would they want to do this? Well, it’s one of the anti-cash policies that mainstream economists have vigorously been promoting. www.zerohedge.com/news/2015-08-24/why-government-hates-cash
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Post by avordvet on Feb 1, 2016 5:21:16 GMT -5
So It Begins: Bloomberg Op-Ed Calls For An End Of CashSubmitted by Tyler Durden on 01/31/2016 21:20 -0500 In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like ("by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs"), and briefly after we laid out the countless recent warnings from "very serious people" that cash is evil and should be banned: www.zerohedge.com/news/2016-01-31/bloomberg-op-ed-calls-end-cash
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Post by avordvet on May 4, 2016 4:43:56 GMT -5
A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New YorkBy Michael Snyder, on May 2nd, 2016 Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”. Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data. This “revolutionary” technology is intended to completely change the way that we use money, and it would represent a major step toward a cashless society. But if this new digital cash system is going to be so good for society, why was it unveiled during a secret meeting for Wall Street bankers? Is there something more going on here than we are being told? None of us probably would have ever heard about this secret meeting if it was not for a report in Bloomberg. The following comes from their article entitled “Inside the Secret Meeting Where Wall Street Tested Digital Cash“… theeconomiccollapseblog.com/archives/a-new-digital-cash-system-was-just-unveiled-at-a-secret-meeting-for-bankers-in-new-york
Historical: Financial Tyranny: The Dawn of a New Totalitarianismlfb.org/financial-tyranny-the-dawn-of-a-new-totalitarianism/How a Cashless Society Promotes Tyrannywww.moneymorning.com.au/20120505/how-a-cashless-society-promotes-tyranny.html
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Post by avordvet on Sept 2, 2016 4:22:41 GMT -5
The Sinister Side of a Cashless SocietySeptember 2, 2016, By Jeffrey Folks Some on the left are proposing the elimination of currency bills larger than $10. This may seem like an insignificant matter, but if adopted, the proposal would be a giant step in the direction of totalitarianism. By forcing Americans to use an electronic means of payment, government would gain the power to monitor and manipulate every aspect of one's finances. Washington would know what you buy, where and when you buy it, where you travel and eat, and whom you associate with. Granting government this kind of power is madness unless you're one of the political elite. They seem to be lining up in favor of a cashless society. In a recent article, "The Sinister Side of Cash," Harvard economist Kenneth Rogoff argued the case for drastically reducing the supply of cash currency – eliminating all bills above $10 and thereby forcing consumers and businesses to rely on electronic exchange. Rogoff claims that his plan would reduce money-laundering and thereby reduce crime while at the same time exposing tax cheats who deal in cash payments... www.americanthinker.com/articles/2016/08/the_sinister_side_of_a_cashless_society.html
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Post by WARLOC on Sept 10, 2016 16:11:18 GMT -5
Why the Blockchain Is Perfect for Government Services
Government services are one of the most obvious and immediate application areas for the blockchain. Several governments around the world are already working on a variety of initiatives. Let me illustrate via some examples, what cities, municipalities and governments around the world are currently doing and planning with the blockchain in the first half of 2016.
In Delaware, the state where a majority of new companies in North America will likely incorporate, Governor Jack Markell announced two recent blockchain initiatives, under the banner “Delaware is open for blockchain business”. The first was about moving state archival records to an open distributed ledger. The second allows any private company that incorporates in that state to keep track of all the equity issued and the different shareholder rights on the blockchain.
In Singapore, the government has turned to blockchain to prevent traders from defrauding banks. This was driven by an incident where Standard Chartered lost nearly $200 million from a fraud in China’s Qingdao port two years ago. Fraudulent companies used duplicate invoices for the same goods to get hundreds of millions of dollars from banks, so the Singapore government developed a system with the local banks focused on preventing invoice fraud by having the blockchain create a unique cryptographic hash (a unique fingerprint) of every invoice. The banks share then, this unique key, rather than the raw data. If another bank tries to register an invoice with the same details, the system will be alerted.
Estonia came up with the idea of establishing an e-residency program, where anyone in the world could apply to become an e-resident of Estonia, and they get a digital ID card with a cryptographic key to securely sign digital documents, eliminating the need for ink signatures on official paperwork. An e-resident can also open bank accounts using Estonia’s e-banking system, set up an Estonian company using the country’s online system, and use their e-services. With the blockchain, Estonia is bringing worldwide residents to them virtually, and increasing their government revenues accordingly.
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Post by WARLOC on Sept 10, 2016 16:14:58 GMT -5
America’s big banks are staffing up—for blockchain
IBM announced a massive internal re-organization to cater to blockchain. It is one of many recent signs that the peer-to-peer ledger technology, which first came along with the digital currency bitcoin, has serious future applications in big business. Or it is at least a sign that big companies are convinced they ought to examine it further.
The computing giant will create a new unit called Watson Financial Services to encompass Watson, cloud, and all blockchain-related offerings and strategy. Bridget van Kralingen, IBM’s senior VP of global banking services, will take on the role of building the unit, and take a new title, VP of industry platforms. To replace van Kralingen in global banking services, IBM has hired Mark Foster, a former Accenture executive.
IBM says that it has created new roles specifically devoted to blockchain, and will create more, but it declines to share how many.
Search for “blockchain jobs” on job sites like Monster.com and Indeed and you’ll find more than 100 at some, posted by companies like IBM, Fidelity, BNY Mellon, JPMorgan, Bank of America, Capital One, American Express, Citigroup, Cognizant and Infosys.
Why You Should Be Paying Attention To America’s Quiet War On Cash
Government campaigns of intimidation — like the wars on drugs, terror, and poverty — have been used to extort the public for decades. Despite the previous failures of institutional “wars,” a new war on cash is being waged that threatens freedom in a more subversive way than ever before.
Banks and governments around the world are cracking down on the use of paper money, and in turn, eliminating any anonymity left in the current system. Through strict rules on cash transactions and civil asset forfeiture laws, for example, the system has already instituted penalties for using cash. But as payments evolve into a purely digital network, the consequences of this new paradigm are being brought into the spotlight.
The ability to track, record, and mediate transactions of all individuals is a power that dictators throughout history could have only dreamed of. Those who value privacy are turning to alternatives like cash, cryptocurrencies, and precious metals, but these directly threaten central bank dominance. This ongoing tug-of-war in financial innovation will determine whether we enter an age of individual empowerment or centralized enslavement.
As mundane as it may seem, the main reason for this push to go cashless is directly tied to what the world central banks are doing to prop up their economies. The manipulation of interests rates to zero or even negative has left central banks no ammunition to fight off the next recession. Without the ability to cut interest rates even further, stimulating economic growth is nearly impossible.
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Post by avordvet on Sept 12, 2016 4:09:17 GMT -5
Links?
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Post by avordvet on Sept 13, 2016 3:49:59 GMT -5
Why You Should Be Paying Attention to America’s Quiet War on CashSeptember 6, 2016, Shaun Bradley (ANTIMEDIA) Government campaigns of intimidation — like the wars on drugs, terror, and poverty — have been used to extort the public for decades. Despite the previous failures of institutional “wars,” a new war on cash is being waged that threatens freedom in a more subversive way than ever before. Banks and governments around the world are cracking down on the use of paper money, and in turn, eliminating any anonymity left in the current system. Through strict rules on cash transactions and civil asset forfeiture laws, for example, the system has already instituted penalties for using cash. But as payments evolve into a purely digital network, the consequences of this new paradigm are being brought into the spotlight. theantimedia.org/americas-cash-war/
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Post by avordvet on Dec 2, 2016 5:45:24 GMT -5
Angry Mobs Lock Up Indian Bankers As Cash Chaos Soars: "We Are Fearing The Worst"by Tyler Durden, Dec 1, 2016 3:51 AM India's demonetization campaign is not going as expected. Overnight, banks played down expectations of a dramatic improvement in currency availability, raising the prospect of queues lengthening as salaries get paid and people look to withdraw money from their accounts the Economic Times reported. While much of India has become habituated to the sight of people lining up at banks and cash dispensers since the November 8 demonetisation announcement, bank officials said the message from the Reserve Bank of India is that supplies may not get any easier in the near future and that they should push digital transactions. “We had sought a hearing with RBI as we were not allocated enough cash, but we were told that rationing of cash may continue for some time,” said a banker who was present at one of several meetings with central bank officials. “Reserve Bank has asked us to push the use of digital channels to all our customers and ensure that we bring down use of cash in the economy,” said a banker. This confirms a previous report according to which the demonstization campaign has been a not so subtle attempt to impose digital currency on the entire population. www.zerohedge.com/news/2016-11-30/angry-mobs-lock-indian-bankers-cash-chaos-escalates-we-are-fearing-worst
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Post by avordvet on Dec 5, 2016 6:18:49 GMT -5
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Post by Michael Downing on Dec 5, 2016 20:37:01 GMT -5
I am doing what I can to move away from cash or any monetary exchange where I can. We are also working to be as self sustainable as possible. There is no way to move totally away from monetary exchange for most goods and services but we do our best. Why would TPTB want to move away from cash? The easy answer is so they can follow and track every transaction you make. I do what necessary purchases I make in cash as much as possible.
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Post by avordvet on Jan 3, 2017 6:34:54 GMT -5
A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cashMoney and More, 01 January 2017 In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington's role has been disguised only very superficially. norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india#weiterlesen
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Post by avordvet on Jan 4, 2017 5:10:41 GMT -5
Greece Unleashes 'Soft' Cash Banby Tyler Durden, Jan 3, 2017 12:19 PM The spread of global cash bans continues with Greece unveiling their so-called 'soft' approach by which taxpayers will only be granted tax-allowances or deductions when payments are made via credit or debit cards. As KeepTalkingGreeece reports, the new guidelines refer to employees, pensioners, farmers, and also the unemployed. Accepted expenditure will be: www.zerohedge.com/news/2017-01-03/greece-unleashes-soft-cash-ban
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Post by avordvet on Mar 3, 2017 5:55:22 GMT -5
Is The Tyranny Of A Cashless Society Coming?by Tyler Durden, Mar 3, 2017 2:00 AM, Via Capt. William E Simpson of WesternJournalism.com, Like many people, I am a careful person when it comes to digital commerce, yet nonetheless I had two of my credit cards hacked (twice in the last four years) — one time by a supposedly reliable online retail company, another time when I rented a trailer. And both times, it required an incredible amount of time, police reports, phone calls, etc., just to get back to square one and get my money back. But my experience was not unusual. Nearly 18 million Americans suffered from some form of identity theft in 2014 alone. Digital commerce and credit cards are very problematic and are not the panacea that companies and the government want the public to believe. Looking to a future in which governments abolish cash in useful denominations, it follows that they will then focus on eliminating personal and commercial commerce through the use of compact high-value commodities such as gold and silver, a natural progression if $100 bills are taken out of circulation in the United States. People today who are living in the legacy of the Barack Obama economy already need a fistful of $20 bills just to buy a week’s supply of groceries. And it’s easy to spend $400 a week on fresh groceries for two people, especially if you buy premium products and organic. If we consider the increasing trend where banks, institutions and big retailers are regularly hacked, combined with identity theft, digital commerce and credit cards aren’t all they’re cracked up to be, and in reality are posing an ever-increasing level of liability on all levels through their use. The relatively few people who may ultimately control all of the digital wealth of Americans will virtually have control of all the people in a cashless society. This results in a definite loss of freedom and liberty. There are many, many other ways for law enforcement to hammer criminals and curtail their enterprises, if that is truly the goal. But any method that inhibits or erodes the freedoms of Americans in any way, including limiting or infringing upon person-to-person commerce and personal privacy in any manner, is to be shunned and runs counter to the intents and spirit of our beloved U.S. Constitution. www.zerohedge.com/news/2017-03-02/tyranny-cashless-society-coming
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