Home » Posts tagged 'cash' (Page 9)
Tag Archives: cash
Cashless Society – Risks Posed By The War On Cash
Cashless Society – Risks Posed By The War On Cash Cash is the new “barbarous relic” according to many central banks, regulators, and some economists and there is a strong, concerted push for the ‘cashless society’. Developments in recent days and weeks have highlighted the risks posed by the war on cash and the cashless society. […]
Could the elimination of cash prevent an economic crisis?
COULD THE ELIMINATION OF CASH PREVENT AN ECONOMIC CRISIS? Given the still subdued economic growth many experts are of the view that the presence of cash has constrained central banks from setting negative rates to stimulate a subdued economic activity. In a future economic or financial crisis, current low rates would restrict the effectiveness of […]
I’m in Awe of How Fast Deutsche Bank is Falling Apart
I’m in Awe of How Fast Deutsche Bank is Falling Apart Counterparties lose confidence, withdraw cash. Deutsche Bank, with $2 trillion in assets, amounting to 58% of Germany’s GDP, one of the most globally interwoven banks, with gross notional derivatives exposure of €46 trillion, right at the top along with JP Morgan (booked as €41 billion […]
Ken Rogoff’s Government Debt Default Plan
Ken Rogoff’s Government Debt Default Plan Ken Rogoff is by all accounts a brilliant man. The Harvard professor and former IMF chief economist is a chess grandmaster. His thesis committee included current Fed vice-chair Stanley Fischer. But like many survivors of Ivy League hoop jumping, the poor fellow appears to have emerged punch drunk. […]
Cash Bans and the Next Crisis
Cash Bans and the Next Crisis Criminalizing Cash Money sometimes goes “full politics”. Take poor Kenneth Rogoff at Harvard. He wants a dollar with a voter registration card, a U.S. flag on its windshield, and a handgun in its belt – the kind of money that supports the Establishment and votes for Hillary. Etatiste tool […]
Negative Interest Rates and the War on Cash (1)
Negative Interest Rates and the War on Cash (1) Irving Underhill City Bank-Farmers Trust Building, William & Beaver streets, NYC 1931 It’s been a while, but Nicole Foss is back at the Automatic Earth -which makes me very happy-, and for good measure, she starts out with a very long article. So long in fact that […]
3 Things: Value Of Cash, 3rd Mandate, Yellen Channels Bernanke
3 Things: Value Of Cash, 3rd Mandate, Yellen Channels Bernanke El-Erian – The Value Of Cash My friend, Anora Mahmudova, recently wrote for MarketWatch about Mohamed El-Erian’s discussion on the importance of “cash” for investors. “At a breakfast meeting with reporters on Monday, the former Pacific Investment Management Company chief executive said central bank asset purchases have […]
Turning Stones Into Bread – The Japanese Miracle
Turning Stones Into Bread – The Japanese Miracle Stuffing the Futon Our friend Ramsey Su just asked what Haruhiko Kuroda and Shinzo Abe are going to do now in light of the strong yen (aside from perhaps doing the honorable thing). Isn’t it time to just “wipe out some debt with the stroke of a pen”? The […]
Another step toward cash confiscation in Europe
Another step toward cash confiscation in Europe From today’s Open Europe news summary: ECB TO HALT PRODUCTION OF €500 NOTE, BUT IT WILL RETAIN ITS VALUE The European Central Bank announced yesterday that it would stop printing the €500 note from the end of 2018 due to, “concerns that this banknote could facilitate illicit activities.” […]
Why I Think there Will Be a “Dollar Panic”
Why I Think there Will Be a “Dollar Panic” The Great American Credit Collapse Please remember this warning when you go to the ATM to get cash — and there is none. While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us. Our financial system could […]
The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless
The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds. The bombshell publication of the “Panama […]
Gold – The Best Defense Strategy
Gold – The Best Defense Strategy The War on Cash is on! If you are used to making visits to your bank to make your credit card payments, you may find this no longer an option in the future. Some banks are no longer accepting (or limiting their acceptance) of cash deposits. The war on […]
Cash Banned, Freedom Gone
Cash Banned, Freedom Gone Some politicians want to ban cash, arguing that cash is helping criminals. The first steps in that direction are the withdrawal of big denomination notes and the limits imposed on cash payments. Proponents of a ban on cash claim that this will help fight criminal transactions — involved in money laundering, terrorism, and […]
Japan Prints Additional ¥10,000 Bills As People Scramble To Stash Away Cash
Japan Prints Additional ¥10,000 Bills As People Scramble To Stash Away Cash Long before negative interest rates shifted from the monetary twilight zone into the mainstream (with some 30% of global government bonds now trading with a subzero yield), one organization wrote a report warning about the dangers of NIRP. The NY Fed. Back in […]
