Author Topic: The Global Ban on Cash - 2017  (Read 1242 times)

MadMax

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The Global Ban on Cash - 2017
« on: December 27, 2016, 06:47:01 AM »
This is an important story (especially for us preppers) that everyone needs to be aware of as 2017 starts to unfold..

The Big Theme for 2017: Global Cash Bans

http://www.zerohedge.com/news/2016-12-26/big-theme-2017-global-cash-bans

The big theme for 2017 will be Cash… not a pro-deflationary “time to own cash” theme… but a “let’s ban it as quickly as possible” theme.

Let’s review.
In 2016:

1)   Former Secretary of the Treasury, Larry Summers, called for the US to do away with the $100 bill.

2)   Former Chief Economist for the IMF, Ken Rogoff, published his book The Curse of Cash.

3)   The New York Times and Financial Times publicly endorse a ban on cash.

4)   Fed Chair Janet Yellen, during a Q&A session said cash is “not a convenient store of value.”
Of course the above items are simply propaganda and words. But 2016 also featured major actions as far as the War on Cash is concerned…

The 7th largest country in the world by GDP (India) banned physical cash in denominations that comprise over 80% of all outstanding bills.

The move was a political disaster… temporarily, but no one was forced out of office and the legislation remains in place.

The message here: you can get away with this kind of thing… even in a country in which physical cash is STILL the dominant form of currency.

Venezuela has since followed suit, banning any bill that is worth more than 3 cents. There as well, the policy was met with political outrage… but the ruling part/people remain in power and no one was forced out of office over the matter.

Put simply, 2016 was the year in which the 7th and 33rd largest nations by GDP went effectively cashless… and no one lost their jobs over it.

You can imagine the glee the elites felt witnessing this… particularly in countries in which 50%+ of transactions no longer involve physical cash (60%+ in most developed nations).

After all, the only thing these people do worry about is losing their jobs. Provided no one is kicked out of office as a consequence, any policy, no matter how terrible, is considered viable to this crowd.
Which is why 2017 will shape up to be the year of the Global Cash Bans.

Numerous developed nations (France, Spain, Denmark, Sweden, etc.) have already banned cash for certain transactions. Next year (2017) is the year we expect to start seeing policy pushes for complete bans on cash.

Max.
"Ignorance is Bliss" - (Agent Smith the first Matrix Movie)

MadMax

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Re: The Global Ban on Cash - 2017
« Reply #1 on: December 27, 2016, 12:09:01 PM »
Prepping just got harder..

Europe Proposes Confiscating Gold In Crackdown On "Terrorist Financing"

http://www.zerohedge.com/news/2016-12-27/europe-proposes-confiscating-gold-crackdown-terrorist-financing

Hot on the heels of China gold import restrictions, and India's demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under the guise of shutting down one route for funding of militant attacks on the continent, following the Berlin Christmas attack.

China has already begun de facto gold import restrictions, and as Jayant Bhandari detailed previously, India is experiencing a continuation of new social engineering notifications, each sabotaging wealth-creation, confiscating people’s wealth, and tyrannizing those who refuse to be a part of the herd, in the process destroying the very backbone of the economy and civilization. There are clear signs that in a very convoluted way, possession of gold for investment purposes will be made illegal. Expect capital controls to follow.


It is part of an EU "action plan against terrorist financing" unveiled after the bombings and shootings in Paris in November 2015.

 
Under the new proposals, customs officials in European Union states can step up checks on cash and prepaid payment cards sent by post or in freight shipments.

The Commission is also considering whether to set up an EU-focussed "terrorist finance tracking programme" along the lines of the U.S.-EU TFTP, which has long been opposed by EU lawmakers and privacy campaigners because it allows widespread checks on consumers' bank transfers.

    The plan complements Commission proposals after the Paris attacks to tighten controls on virtual currencies such as bitcoin, and prepaid cards, which French authorities said were used to fund the bombings.

   
    EU states backed these proposals on Tuesday. Under the deal, which still needs European Parliament approval, holders of prepaid cards would have to show some form of identity when they make payments of 150 euros or more.

But it gets better...

    The Commission is also proposing common rules for the 28 EU countries on freezing "terrorists' financial resources" and on confiscating assets even from those thought to be connected to criminals.

So - cash, bitcoin, precious metals, and prepaid cards over $150 are all instruments of the "terrorists" and are now open to confiscation if you are a suspicious person... which, by their rhetoric, you are if you actually hold any of these assets.


Max.
"Ignorance is Bliss" - (Agent Smith the first Matrix Movie)

ilinda

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Re: The Global Ban on Cash - 2017
« Reply #2 on: December 27, 2016, 04:27:30 PM »
MadMax, your posts are a good reminder of what TPTW want for the entire planet.  It gets harder and harder to live under the radar, and once a country totally bans cash, it is almost impossible.  Almost.

This is where the barter system would/could work on a small basis, but it would probably be rather covert if it operated at all, as TPTW want to track every single person on the planet, and being cashless makes their work much easier.
Thanks for posting this reminder we all need to ponder.

MadMax

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Re: The Global Ban on Cash - 2017
« Reply #3 on: December 30, 2016, 09:29:41 AM »
India Cash Ban Could Get Worse: “We Don’t Even Have Enough Money to Buy Food”
:-[

http://www.shtfplan.com/headline-news/india-cash-ban-could-get-worse-we-dont-even-have-enough-money-to-buy-food_12302016

Behold, the power of banksters, and the very rapid shift into the cashless, digital control grid that has been an objective now for many decades.

Suddenly, things are moving faster than anyone could have imagined.

Officially, the government of India believes their demonetization efforts to haul in some 86% of the cash in circulation will bolster the economy and improve the situation for the world’s second most populous country.

But on the ground, and in reality, the pain is still spreading – and it could become even worse.

The cost of goods is increasing sharply and the poor and working classes are being hit hard… and many are still waiting in long bank lines to deposit what little they have.

Cash-related industries, which dominate Indian daily life, including tourism, shops, farming, vendors, day labor, jewelry and the informal industries are facing huge declines as cash bans have severely cut back their business.



via Business Insider:

Modi’s announcement that 500 and 1,000 rupee bills — making up 86% of India’s currency — were no longer legal tender has posed an enormous hardship for millions of people who use cash for everything from salaries to cellphone charges.

Empty ATMs and ever-changing rules are preventing people from withdrawing money, and many small, cash-reliant businesses from cinemas to neighborhood grocery stores are suffering huge losses or going under.

“The first two months have been so bad for us, we don’t even have enough money to buy food,” daily wage laborer Neeraj Mishra, 35, said. :(

Worst affected were the country’s hundreds of millions of farmers, produce vendors, small-shop owners and daily-wage laborers who usually are paid in cash at the end of a day’s work. Many lost their jobs as small businesses shut down, compounding their poverty.

This is how quickly they could bring things to a halt.

The inhumane impact on literally hundreds of millions of poor people there remains largely in the background of policy discussions – which have actually been branded as fighting for the poorest – as banking modernization becomes the most important factor.

Despite the fact that a majority of transactions in America are now electronic, cash still remains a stubbornly viable exchange mediums for all sectors of society, across wealth and age brackets, and remains especially vital for the working poor who often rely upon cash for daily transactions.

Max.
"Ignorance is Bliss" - (Agent Smith the first Matrix Movie)

MadMax

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Re: The Global Ban on Cash - 2017
« Reply #4 on: January 03, 2017, 12:50:50 PM »
This story continues to unfold:

A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india#weiterlesen

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.

Max.
"Ignorance is Bliss" - (Agent Smith the first Matrix Movie)

ilinda

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Re: The Global Ban on Cash - 2017
« Reply #5 on: January 03, 2017, 05:19:58 PM »
This story continues to unfold:

A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india#weiterlesen

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.

Max.
This is also reported on a Canadian website, globalresearch.ca very recently.  It's certainly no surprise.

MadMax

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Re: The Global Ban on Cash - 2017
« Reply #6 on: January 04, 2017, 02:00:49 PM »
With the War on Cash heating up might be time for Preppers to invest in some “Alternative Currency”!!

Bitcoin: The Best Performing Currency For A Second Year In A Row ;D

http://www.thedailysheeple.com/bitcoin-the-best-performing-currency-for-a-second-year-in-a-row_012017

Bitcoin is no stranger to extreme fluctuations. As Visual Capitalist’s Jeff Desjardins notes, for each of the last four years, the cryptocurrency has either been the best or the worst performing currency – with nothing to be found in between.

Luckily, for those that follow the digital currency closely, those fluctuations were mostly pointed in an upwards direction for 2016. The currency finished the year at $968.23, which is more than double its value from the beginning of the year.

Were any other global currencies able to compete with bitcoin’s strong performance throughout the year?

The following chart compares major currencies (paired with the USD) over 2016:

Brazil’s real rallied 21.9% on the year, the most in seven years. Traders are hoping that center-right President Michel Temer can ease public spending following the departure of Dilma Rousseff.

Russia’s ruble also finished the year with double-digit gains, up 17.8% against the U.S. dollar. This was largely due to the recovery in Brent oil prices, which gained $10/bbl over the course of 2016.

Will it be another extreme for 2017 – or will the bitcoin price finally settle for middle ground among other global currencies?

Max.
"Ignorance is Bliss" - (Agent Smith the first Matrix Movie)

MadMax

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Re: The Global Ban on Cash - 2017
« Reply #7 on: January 21, 2017, 05:06:33 PM »
Visualizing The Global War On Cash

http://www.zerohedge.com/news/2017-01-21/visualizing-global-war-cash

here is a global push by lawmakers to eliminate the use of physical cash around the world. This movement is often referred to as “The War on Cash”, and there are three major players involved:

1. The Initiators

Who? Governments, central banks.

Why? The elimination of cash will make it easier to track all types of transactions – including those made by criminals.

 
2. The Enemy

Who? Criminals, terrorists (i.e. Preppers)


Why? Large denominations of bank notes make illegal transactions easier to perform, and increase anonymity.

 
3. The Crossfire

Who? Citizens

Why? The coercive elimination of physical cash will have potential repercussions on the economy and social liberties..

Is Cash Still King?

Cash has always been king – but starting in the late 1990s, the convenience of new technologies have helped make non-cash transactions to become more viable:

    Online banking
    Smartphones
    Payment technologies
    Encryption

By 2015, there were 426 billion cashless transactions worldwide – a 50% increase from five years before.

And today, there are multiple ways to pay digitally, including:

    Online banking (Visa, Mastercard, Interac)
    Smartphones (Apple Pay)
    Intermediaries ( Paypal , Square)
    Cryptocurrencies (Bitcoin)

The First Shots Fired

The success of these new technologies have prompted lawmakers to posit that all transactions should now be digital.

Here is their case for a cashless society:

Removing high denominations of bills from circulation makes it harder for terrorists, drug dealers, money launderers, and tax evaders.

As the War on Cash accelerates, many shots will be fired. The question is: who will take the majority of the damage?

Max.
"Ignorance is Bliss" - (Agent Smith the first Matrix Movie)

MadMax

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Re: The Global Ban on Cash - 2017
« Reply #8 on: Today at 02:55:32 AM »
Good Article ..

Doomsday Preppers Are Switching From Gold To Bitcoin  ;D

http://www.zerohedge.com/news/2017-11-20/doomsday-preppers-are-switching-allegiance-gold-bitcoin

he gold versus Bitcoin debate is complex, nuanced and still in its embryonic stages when put into the perspective of gold’s known 2,700-year use as money versus Bitcoin’s very modest eight-year track record.

From a pure investment perspective, as the following Bloomberg chart shows, Bitcoin has obviously “wiped the floor” with its esteemed rival and, no doubt, has absorbed a considerable volume of funds that otherwise might have found their way into gold investments.


One subset of gold investors, which is both over-stated and over-ridiculed in the mainstream media, is the “preppers”, or those preparing for a catastrophic disaster to occur in the future by stockpiling food, ammunition and “durable” methods of storing their wealth, etc. We clarify the term "preppers" because it is not common parlance in many European countries. While some allocation in gold was basically “de rigeur” some years ago, the prepping community is increasingly turning to Bitcoin, as Bloomberg reports.

Wendy McElroy is ready for most doomsday scenarios: a one-year supply of nonperishable food is stacked in a cellar at her farm in rural Ontario. Her blueprint for survival also depends upon working internet: part of her money, assuming she needs some after civilization collapses, is in bitcoin. Across the North American countryside, preppers like McElroy are storing more and more of their wealth in invisible wallets in cyberspace instead of stockpiling gold bars and coins in their bunkers and basement safes. They won’t be able to access their virtual cash the moment a catastrophe knocks out the power grid or the web, but that hasn’t dissuaded them. Even staunch survivalists are convinced bitcoin will endure economic collapse, global pandemic, climate change catastrophes and nuclear war.
   

    “I consider bitcoin to be a currency on the same level as gold,” McElroy, who lives on the farm with her husband, said by email. “It allows individuals to become self-bankers. When I fully understood the concepts and their significance, bitcoin became a fascination.”

Bloomberg continues by noting the seeming contradiction for preppers, like McElroy, since a collapse in the grid would take the internet down. However, it’s the ability of Bitcoin to operate beyond the control of central bankers (so far) which is a key attraction.

Preppers, as it happens, have a different perspective on what they see as the money of the future, which has surged 10-fold in the past 12 months as supporters lauded it as a digital alternative to rival the dollar, euro or yen. Used to send and receive payments online, bitcoin is similar to payment networks like PayPal or Mastercard, the difference being that it runs on a decentralized network—blockchain—that’s beyond the control of central banks and regulators. It was born out of an anti-establishment vision of a government-free society, a key attraction for those seeking unhindered access to their capital in case a massive shock shuts down the banking system.

Wendy McElroy’s support for Bitcoin is drawn straight from the philosophy of Ayn Rand in Atlas Shrugged.

    Whatever doom-and-gloom scenario unfolds, McElroy, from Canada, has faith in bitcoin. She’s writing a book called Satoshi Revolution, inspired by the pseudonym of the person or people who created bitcoin in 2009 as an answer to the financial turmoil wrought by the global financial crisis. She says the digital currency breaks society’s dependence on a state that uses its monopoly over the issuance of money to dominate the economy, making it a natural hedge against disaster. “It is a people’s currency,” she writes in the book’s introduction. “Bitcoins move seamlessly through a world without states or borders, obeying only the command of individuals who choose to deal with each other. Immune to currency manipulation and inflation, they do not serve the powerful elites at the expense of average people.”

Max.
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R.R. Book

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Re: The Global Ban on Cash - 2017
« Reply #9 on: Today at 06:31:53 AM »
Quote
She says the digital currency breaks society’s dependence on a state that uses its monopoly over the issuance of money to dominate the economy, making it a natural hedge against disaster.

...meaning that PTB have yet another motive to take down the web maybe?