Category: War on Cash
The analysis published under this category are as follows.
Tuesday, February 23, 2016
The Escalating War on Cash and What It Means For Metals / Commodities / War on Cash
By: MoneyMetals
Clint Siegner writes: Government bureaucrats, central bankers, and Wall Street executives all have their own reasons for hating the cash in your wallet. So, no surprise, they are working closely together to rid you of it.
The war on cash is intensifying and bullion investors are wondering what the transition to a "cashless society" might mean. We'll cover that, but let's first recap why these organizations are, once again, allied together to the detriment of your ability to transact privately.
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Thursday, February 18, 2016
The U.S. Ban on Cash Has Already Begun / Interest-Rates / War on Cash
By: Graham_Summers
The Central Banks hate physical cash. So much so they there will likely try to ban it in the near future.
You see, almost all of the “wealth” in the financial system is digital in nature.
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Thursday, February 18, 2016
War on Cash: Summers, Others, Launch Strong Campaign for Cashless Society / Politics / War on Cash
By: Jeff_Berwick
Your average person probably doesn’t even notice. And they certainly don’t seem to care.
But an incredibly nefarious plan to get rid of all cash is well in process.
Your average person probably doesn’t even mind. Credit cards and smartphone payments are very convenient. So, what’s the big deal if there was no physical cash?
They’ll find out, very soon, what it all means.
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Thursday, February 11, 2016
The War on Cash is About to Go into Hyperdrive / Interest-Rates / War on Cash
By: Graham_Summers
The global Central Banks have declared War on Cash.
Historically, one of the safest things to do when the markets begin to collapse is to move a significant portion of your holdings to cash. As the old adage says, during times of deflation, “cash is king.”
The notion here is that cash is a safe haven. And while earning 1-2% in interest doesn’t do much in terms of growing your wealth, it sure beats losing 20%+ by holding on to stocks or bonds during their respective bear markets
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Wednesday, February 03, 2016
The Dethroning of Cash: Discouraged, Penalized, Even Banned? / Stock-Markets / War on Cash
By: MoneyMetals
Stefan Gleason writes: Stock market gyrations and deteriorating global economic conditions in the early goings of 2016 sent investors fleeing for safety. Or at least what is commonly thought to be safety.
Many in the financial media are now trotting out the bromide that “cash is king.” A sampling of recent headlines illustrates how pervasive the thinking is:
- “Cash Is King as China Sparks Market Turmoil” (MarketWatch, January 20, 2016)
- “Cash Is King in Times Like These” (Toronto Star, January 15, 2016)
- “Cash Is King as Europe Adapts to Negative Interest Rates” (Bloomberg, January 26, 2016)
- “Cash Is King as Disunity Reigns Within G20” (Barron's, February 1, 201)
Monday, February 01, 2016
BOJ Negative Interest Rates Central Banking Crime Syndicate's War on Cash for Triggering Panic Consumption / Interest-Rates / War on Cash
By: Nadeem_Walayat
Whilst most market commentators were fixated on the prospects for further Fed tightening, the so called unwinding of easy money quantitative easing in the United States. The Japanese arm of the central banking crime syndicate took the markets by storm Friday by effectively decreeing that inflation is just too low for the systematic stealth theft of bank deposits to continue so now it's time to ramp things up a notch with the next step which is for NEGATIVE INTEREST RATES. The FIRST instance of which will be that an interest rate of -0.1% will be applied to bank deposits (excess reserves) with the central bank, again this is just the FIRST instance with MORE or rather WORSE to follow which sends a discouraging message to all against holding Yen deposits, triggering an immediate drop of over 2% in the value of the Yen.
Tuesday, January 19, 2016
The International War on Cash / Personal_Finance / War on Cash
By: Casey_Research
By Jeff Thomas
Back in 2008, I began warning of increasing capital controls that we would see in the future, as a component in the decline of Western economies (Western in the broad sense, including Japan, Australia, etc.)
Along the way, it occurred to me that, at some point, governments might collectively attempt to eliminate paper currency in favour of an electronic currency - transferred from party to party solely through licensed banks. Sound farfetched? Well, maybe, but what if the U.S. and EU agreed on an overall plan, then suggested it to other governments? On the face of it, this smacks of conspiracy theory, yet certainly, all governments would benefit from this control and would be likely to get on board. In fact, it might prove to be the only way out of their present economic problems.
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Wednesday, December 30, 2015
The War On Cash Is Now Being Rolled Out At An Incredible Speed / Currencies / War on Cash
By: Jeff_Berwick
In the old days there used to be bank robbers… old Westerns were full of the stories. Now, the banks rob you.
It’s all part of a grand scheme to turn the entire world into indentured servants under total control.
Here is where the world is headed: Countries like India are already building corporately sponsored cities, municipal environments where people live in the same place they work.
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Wednesday, December 09, 2015
Why Your Bank Deposits May Be at Risk / Personal_Finance / War on Cash
By: EWI
Another financial crisis will bring widespread bank failures
Elliott Wave International's July issue of The Elliott Wave Theorist reminds us why bank depositors need to prepare for the worst before a nation's financial system is gripped by crisis:
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Saturday, November 21, 2015
Hang Onto Your Wallets: Negative Interest Rates, the War on Cash and $10 Trillion Bail-in / Politics / War on Cash
By: Ellen_Brown
Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”? Or the scene in Mary Poppins where young Michael is being advised to put his tuppence in the bank, so that it can compound into “all manner of private enterprise,” including “bonds, chattels, dividends, shares, shipyards, amalgamations . . . ”?
That may still work if you’re a Wall Street banker, but if you’re an ordinary saver with your money in the bank, you may soon be paying the bank to hold your funds rather than the reverse.
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