Home » Posts tagged 'cash' (Page 11)
Tag Archives: cash
As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away”
As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away” There is a war on for the extermination of cash. It is the ultimate monopoly game, but there are those who are willing to put up a fight to keep cash in the game. The powers that be on Wall Street and in […]
Why The Keynesian Market Wreckers Are Now Coming For Even Your Ben Franklins
Why The Keynesian Market Wreckers Are Now Coming For Even Your Ben Franklins Larry Summers is a pretentious Keynesian fool, but I refer to him as the Great Thinker’s Vicar on Earth for a reason. To wit, every time the latest experiment in Keynesian intervention fails——as 84 months of ZIRP and massive QE clearly have—–he can be counted on to trot out […]
As War on Cash Escalates, Cash Lovers Fight Back
As War on Cash Escalates, Cash Lovers Fight Back “It would be fatal if citizens got the impression that cash is gradually taken away from them”: Bundesbank President Weidman. Over the last couple of days, bureaucrats at the European Commission and European Central Bank have expressed a keen interest in withdrawing the €500-note from circulation […]
When Cash Is Outlawed… Only Outlaws Will Have Cash
When Cash Is Outlawed… Only Outlaws Will Have Cash Control, Tax, Confiscate BALTIMORE – Harvard economist Larry Summers is a reliable source of claptrap. And a frequent spokesman for the Deep State. To bring new readers up to speed, voters don’t get a say in who runs the country. Instead, a “shadow government” of elites, […]
Cashless Crisis: “With Digital Payments, Civilization Comes To An End Until Power is Restored”
Cashless Crisis: “With Digital Payments, Civilization Comes To An End Until Power is Restored” The coming brave new world may also be a fragile one. As most of the Western world is pushed into abandoning cash and embracing a fully digital cashless grid, it is apparent how vulnerable populations will become in times of crisis. If the […]
Latest Version of Monopoly is Called “Ultimate Banking” and is Completely Cashless
Latest Version of Monopoly is Called “Ultimate Banking” and is Completely Cashless The war on cash has been in the works for a very, very long time, but the propaganda campaign to convince an always gullible public to accept the scheme seems to have been hatched in earnest late last spring. For example, here are a […]
Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill”
Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill” Yesterday we reported that the ECB has begun contemplating the death of the €500 EURO note, a fate which is now virtually assured for the one banknote which not only makes up 30% of the total European paper currency in circulation by […]
It’s Official: Cash is Now Public Enemy Number One
It’s Official: Cash is Now Public Enemy Number One First Major Offensive in War on Cash Terrorists are no longer public enemy number one. Nor are drug lords, people traffickers, arms dealers, cyber terrorists, or any other unsavory do-badder. Today, the biggest threat to global peace and security is physical cash, a means of exchange […]
The Continuing Demonization of Cash
The Continuing Demonization of Cash The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who use cash, but also from the aura of suspicion that has begun to pervade private cash transactions. In a normal market economy, businesses would welcome taking cash. After all, what […]
Softening up the Rubes – the War on Cash Continues
Softening up the Rubes – the War on Cash Continues More Anti-Cash Propaganda by Bloomberg Former NYC mayor Bloomberg is probably one of the worst nannycrats who ever strode upon the US political scene. No-one has done more to take the fun out of New York than this man (we have chronicled the efforts of […]
Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note
Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note It was just two days ago that Bloomberg implored officials to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.” You probably never thought of your cash that way, but increasingly, authorities and the powers that […]
What Happens to Cash When Governments Go Electronic?
What Happens to Cash When Governments Go Electronic? QUESTION: Mr. Armstrong; What happens to paper money when the government moves electronic? Is it just cancelled? Does cash then become worthless? Thanks RD ANSWER: It appears that electronic currency will arrive first in Europe. The cash will be demonetized so yes, it becomes worthless. However, they will most […]
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash 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 […]
What A Cashless Society Would Look Like
What A Cashless Society Would Look Like Calls by various mainstream economists to ban cash transactions seem to be getting ever louder, while central bankers have unleashed negative interest rates on economies accounting for 25% of global GDP, with $5.5 trillion in government bonds yielding less than zero. The two policies are rapidly converging. Bills and coins account for […]
Mainstream Media, Economists Mock “Cash Hoarding” Canadian ‘Savers’
Mainstream Media, Economists Mock “Cash Hoarding” Canadian ‘Savers’ With grocery prices surging, amid the collapsing currency, the powers that be appear to have turned to their mainstream media puppets to initiate the ‘mocking’ propaganda of the banks against an increasingly fearful Canadian citizenry (especialy those under 35) who are hoarding cash. With the Canadian people losing faith […]
