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Global De-Banking On The Rise? $100 Bills See Mysterious Surge In Circulation
Global De-Banking On The Rise? $100 Bills See Mysterious Surge In Circulation It has been three years since the establishment launched its official ‘war on cash’ by eliminating Europe’s €500 bill, under the pretense that this effort would be fighting financial crime, terrorism, corruption and drug dealers. Of course, as we wrote at the time, what Europe and the […]
Bankrupt Chinese Company Reported Cash 15 Times Greater Than Due Debt
Bankrupt Chinese Company Reported Cash 15 Times Greater Than Due Debt That China has had a problem with rising defaults is not news: as we reported back in October, 2018 was already set to be a record year for Chinese bankruptcies. Things only got worse in November and December when defaults spiked to 20.4 billion […]
Retailers Rejecting Customers’ Cash As More Ban Paper Money
Retailers Rejecting Customers’ Cash As More Ban Paper Money “Your cash is not wanted here”, a growing number of retailers and restaurants throughout the US and UK are telling customers. But are reasons being given by companies for the new “cashless” approach — speed, efficiency, and the safety of store employees — valid enough to require something as utterly and […]
The War Against Cash
The War Against Cash Where every keystroke becomes part of one’s permanent record, where e-devices track one’s every move, the ability to pay physical cash for a financial transaction may have become the only off-the-record action one can execute, unless, of course, it’s recorded on one of the ubiquitous security cams. But signs are everywhere […]
Money: the silent killer
Money: the silent killer In Sweden, which is famously on the way to becoming cash-free, you can find signs in shop windows that say ‘we don’t take cash because electronic payments are better for the environment’. Since cash does require a certain amount of resource use for its production process and transportation, and since in […]
Sacks Of Cash, Martial Law, And All Smiles: IMF’s “Constructive” Phone Call With Ukraine’s President
Sacks Of Cash, Martial Law, And All Smiles: IMF’s “Constructive” Phone Call With Ukraine’s President Funny how it works… The same week Ukrainian President Petro Poroshenko imposed martial law on much of the country, the International Monetary Fund assured him that key parameters of the 2019 budget were on track for a proposed $3.9 billion new aid programagreed to […]
Sweden Is on the Verge of Going Completely Cashless: What Could Possibly Go Wrong?
Sweden Is on the Verge of Going Completely Cashless: What Could Possibly Go Wrong? Sweden is rapidly turning into a cashless society, which seems like the utopian dream of many a government figure. What could possibly go wrong from the government’s point of view? Isn’t it ideal that they could soon digitally control every single […]
Swedish Central Bank Makes U-Turn on Cash as NIRP is Ending
Swedish Central Bank Makes U-Turn on Cash as NIRP is Ending Cash is less of a threat to central bank policies when interest rates rise above zero. Sweden’s Riksbank has become the first central bank in the 21st century to take concrete measures to ensure that cash does not disappear as a means of payment from […]
They Want You To Do As They Say, Not As They Do
THEY WANT YOU TO DO AS THEY SAY, NOT AS THEY DO “Facts are threatening to those invested in fraud.” ― DaShanne Stokes Insiders at US companies unloaded $5.7 billion of their company stock this month, the highest in any September over the past decade, according to TrimTabs Investment Research. Insiders, which include corporate officers […]
Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK
Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK The payments industry deplores it, but cash is starting to look pretty good, and central banks agree: “We do not foresee a totally cashless society”: ECB This has not been a good year for IT systems in the UK. First […]
GOING CASHLESS?? Someone Better Tell The Federal Reserve As Currency In Circulation Reaches New High
GOING CASHLESS?? Someone Better Tell The Federal Reserve As Currency In Circulation Reaches New High With all the talk about Central banks going “Cashless,” someone needs to tell the Federal Reserve. Why? Because the Federal Reserve just placed another large order for newly printed 2018 Dollars. Interestingly, the U.S. Treasury will print the largest number […]
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures? Banks are curtailing “cash services.” But why? In Australia, banks are reducing ATMs by about 8% a year. In the UK, ATMs — or cashpoint machines, as they’re termed locally — are disappearing at a rate of around 300 per month, […]
The EU Backs Off its War on Cash. Here’s Why
The EU Backs Off its War on Cash. Here’s Why People view paying in cash “as a fundamental freedom, which should not be disproportionately restricted.” The European Commission, in its official war on cash, admitted that physical cash is perhaps not quite the source of all evil that many EU institutions, including the Commission itself, […]
