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Market Oracle FREE Newsletter

Category: War on Cash

The analysis published under this category are as follows.

Personal_Finance

Thursday, September 27, 2018

What the Decline of Cash Means for the Global Economy / Personal_Finance / War on Cash

By: Steve_Marks

If there's one economic trend that has quickly come to define the nature of money and the future, it's the decline of cash. Currently, it's estimated that a mere 8% of all global wealth actually exists in a physical cash format. The rest is just numbers on a screen, with no physical presence whatsoever.

While this is unlikely to ever become an overnight issue, unless everyone in the world decided they all wanted to withdraw their life savings at the same time, it does raise some interesting questions about the future. The proportion of physical cash left in the world is shrinking fast and very soon cash as we know it may not exist at all. Here's what this may mean for the global economy.

Read full article... Read full article...

 


Currencies

Wednesday, July 11, 2018

How NOT to Become a Casualty in the War on Cash / Currencies / War on Cash

By: MoneyMetals

Lots of bullion investors wonder if the metal they hold might one day be needed for barter and trade. They bought gold and silver, at least in part, as a form of insurance. It just might come in handy in an extreme circumstance such as a currency crisis of the sort Venezuelans are grappling with right now.

However, a hyper-inflationary collapse in the dollar isn’t the only dire scenario to insure against.

It is now clear that the dollar, and the financial network it runs on, is a mechanism for controlling people who don’t toe the government line.

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Politics

Tuesday, June 05, 2018

Credit And Bank Cards Stop Working, Sending Masses Into Frenzy / Politics / War on Cash

By: BATR

The digital cashless empire took a huge credibility blow Friday as Visa card holders all over Europe were unable to make transactions.

Caused by an apparent ‘hardware failure,’ the widespread network outage affected large portions of the continent---a region that’s already made dangerous moves toward a cashless society.

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Politics

Friday, September 08, 2017

Object Lesson: War on Cash Backfires on India’s Economy / Politics / War on Cash

By: MoneyMetals

Indian Prime Minister Narendra Modi launched a surprise attack on cash in late 2016. He gave Indians a few days to convert the two largest denomination bills then circulating to bank deposits, after which point any undeposited notes would become worthless. The move was intensely controversial. Transactions completed using cash represented the vast majority of economic activity in the country.

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Companies

Monday, August 28, 2017

The Death Of Cash – New Tech To Revolutionize The Payments Industry / Companies / War on Cash

By: OilPrice_Com

...

 


Interest-Rates

Thursday, August 17, 2017

The War on Cash - Rogoff, Orwell and Kafka / Interest-Rates / War on Cash

By: Raul_I_Meijer

Harvard professor and chess grandmaster Kenneth Rogoff has said some pretty out there stuff before, in his role as self-appointed crusader against cash, but apparently he’s not done yet. In fact, he might just be getting started. This time around he sounds like a crossover between George Orwell and Franz Kafka, with a serving of ‘theater of the absurd’ on top. Rogoff wants to give central banks total control over your lives. They must decide what you do with your money. First and foremost, they must make it impossible for you to save your money from their disastrous policies, so they are free to create more mayhem.

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Currencies

Sunday, July 09, 2017

War On Cash: Australia Considering Chipping Senior’s Money To Stop Them From Saving / Currencies / War on Cash

By: Jeff_Berwick

Ten years ago I wrote on my personal travel blog, “Australia sucks”. In it I detailed, “Australia seems to have more rules than any other country on the planet I have visited. There are signs outlining rules everywhere. I was even on a street that had a street-sign denoting that particular street as being an alcohol-free street. No alcohol is allowed to be consumed or even carried on that street?? I presume that even includes inside the houses on that street by the way it was written!”

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Currencies

Thursday, June 29, 2017

India Is Likely to Become the First Digital, Cashless Society / Currencies / War on Cash

By: John_Mauldin

BY STEPHEN MCBRIDE : The top news out of India over the past 12 months has been President Modi’s move to ban 85% of the currency in circulation. However, something much more far-reaching has happened.

It’s called India Stack.

Read full article... Read full article...

 


Personal_Finance

Tuesday, May 02, 2017

The Plan to Control ALL Your Money is Now at Advanced Stage / Personal_Finance / War on Cash

By: Submissions

....

 


Politics

Saturday, January 14, 2017

Ushering In a Totalitarian Police State in Cashless “Smart Cities” / Politics / War on Cash

By: Jeff_Berwick

From Scandinavia to Amsterdam to India and elsewhere, the trend of going “cashless” is gaining traction.

We have been covering the shortcomings of what is rightly called the War On Cash here at TDV for a while now and have shown just how negative the effects can be on an unsuspecting nation’s people.

Chandigarh, India, which is the capital of the northern Indian states of Punjab and Haryana, is like one of India’s labrats. Indian officials are working hard toward making it into India’s first cashless city.

Read full article... Read full article...

 


Stock-Markets

Thursday, January 05, 2017

The War On Cash Ratchets Up In Greece With “Soft Cash” Ban / Stock-Markets / War on Cash

By: Jeff_Berwick

It wasn’t long ago that it came out that the IMF intentionally wanted to create a “credit event” in Greece - part of a larger plan to destabilize Europe.

The country has already fallen victim to the repercussions of the war on cash, but now the grip of capital control is growing tighter.

The Greek Finance Ministry in their infinite wisdom has decided that its nation’s taxpayers will only be granted deductions or tax-allowances if payments are made using a debit or credit card.

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Politics

Wednesday, January 04, 2017

Old Woman In Sweden Becomes The Latest Victim of the War on Cash / Politics / War on Cash

By: Jeff_Berwick

It has been a common practice for people to keep cash stowed away in lock boxes or under mattresses in their homes, but now, even something as logical and important as keeping a cash stash for a rainy day can make you a suspected criminal.

Ethel Hülst, a 91 year old Swedish woman, unfortunately got to experience the ruthlessness of her country’s central bank first hand which may have contributed to her death.

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Stock-Markets

Monday, December 26, 2016

The Big Theme for 2017: a Global Cash Ban / Stock-Markets / War on Cash

By: Graham_Summers

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.

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Commodities

Wednesday, December 21, 2016

The War on Cash and Then on Gold / Commodities / War on Cash

By: The_Gold_Report

Technical analyst Clive Maund says liquidity issues with banks could lead to restrictions on cash and precious metals.

The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars worth of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008, thanks to the policy of solving liquidity problems near term by creating even more debt and derivatives, Quantitative Easing being the most obvious example. However, while the majority considers the situation to be hopeless, there is actually "light at the end of the tunnel."

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Currencies

Friday, December 16, 2016

The War on Cash Rages On in India and Venezuela / Currencies / War on Cash

By: Jeff_Berwick

Imagine you roll out of bed tomorrow to find out that US $100 and $50 bills were outlawed and deemed worthless?  Hard as it is to believe, this is now taking place in both Venezuela and India.

It’s a war on cash. And it’s coming soon to your doorstep.

This past Sunday, President Maduro, the tyrannical leader of the socialist paradise of Venezuela gave a three day warning that he was eliminating his country’s 100 bolivar bank note.

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Currencies

Wednesday, December 14, 2016

War on Cash Spreads to India / Currencies / War on Cash

By: John_Browne

Over the past year, central banks, commercial bankers and prominent economists have expressed the view that digital money and transfers should replace large denomination cash and cash transactions. This dramatic transition has been fostered under the guise of the public interest in an effort to curb terrorism, tax evasion and criminal activity. Many observers contemplate more sinister motives that involve increased government control of economic activity. The latest country to engage in this 'war on cash' is India.

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Currencies

Monday, December 05, 2016

India’s Demonetization Could Be the First Cash Domino to Fall / Currencies / War on Cash

By: John_Mauldin

BY PATRICK WATSON : Just recently, millions of Americans voted against Hillary Clinton because, among other reasons, we thought she would raise taxes or otherwise take our money.

Most of us didn’t notice what happened on the other side of the world that very same day. Indian Prime Minister Narendra Modi really did take everyone’s money.

Citizens of India learned, with only a few hours’ notice, that their 500 and 1,000-rupee notes were no longer legal tender. Those are—or were—the country’s largest-denomination bills and the foundation of a huge underground economy.

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Interest-Rates

Tuesday, November 29, 2016

Could a “Greek-Style” Carry Tax on Cash Come to the US? / Interest-Rates / War on Cash

By: Graham_Summers

As we keep warning, India is not the “last stop” in the global financial elites’ war on cash.

Indeed, as ZeroHedge noted earlier today, officials are proposing a tax on cash withdrawals in Greece. They’re also proposing only permitting digital cash or cards for various transactions.

The claim behind this policy is that it would stop cash being used in the black market. This is similar to other claims that implementing a carry tax on physical cash or banning it altogether would stop money laundering or other illicit activities.

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Stock-Markets

Thursday, November 24, 2016

The War on Cash is Not Over… It’s About to Intensify / Stock-Markets / War on Cash

By: Graham_Summers

The Trump Presidency has distracted from the next major move to be implemented by Financial Elite.

That move is a cash ban.

Cash, particularly physical cash (as in bills and coins) is a huge problem for insolvent banks.

Read full article... Read full article...

 


Interest-Rates

Thursday, November 24, 2016

War On Cash Goes Global – India and Citibank In Australia / Interest-Rates / War on Cash

By: GoldCore

  • War On Cash Goes Global – India, Australia and Citibank
  • India shock cancellation of nation’s two highest-denomination notes
  • India effectively invalidates & removes 86% of cash from circulation
  • India sees “runs on banks” & severe financial difficulties
  • Citi to makes all Australian branches cashless
  • Australian pilot programme restricts 80% of payments on card
  • UBS proposes Australia eliminates $100 and $50 bills
  • What can we do about this?
  • Conclusion
Read full article... Read full article...

 


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