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The War on Cash
02-04-2016, 05:48 AM (This post was last modified: 02-04-2016 05:50 AM by Mike G.)
Post: #1
The War on Cash
https://mises.org/library/continuing-demonization-cash

Rather than serving consumers, businesses are forced to serve the government first and consumers last. Businesses act as unpaid tax agents, collecting sales taxes for state governments and paying excise taxes to the federal government, the costs of which they pass on to their customers. Businesses act as enforcers of vice laws, refusing tobacco sales to those under eighteen or alcohol to those under twenty-one. Financial institutions, which includes coin dealers, jewelers, and casinos, are required to report cash transactions above $10,000 as well as any activity the government might deem “suspicious.” Cash becomes such a hassle that it is almost radioactive, and many businesses would rather not deal with the burden.
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02-04-2016, 08:38 AM
Post: #2
RE: The War on Cash
None of that seems to bother those in the drug business who's standard business practice is the use of CASH!

What government is really after is the ability to track ALL civilian spending!

WC
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02-04-2016, 08:47 AM
Post: #3
RE: The War on Cash
(02-04-2016 08:38 AM)woodcanoe Wrote:  None of that seems to bother those in the drug business who's standard business practice is the use of CASH!

What government is really after is the ability to track ALL civilian spending!

WC

Yup, it is the tracking that is the issue, to the GPS in your car, where shop, where you go online, what happens in the Dr's office is all about control.
Land of the free, my ass
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02-04-2016, 06:17 PM
Post: #4
RE: The War on Cash
In the world of the Mega-banks and they are too big to fail, with all of our money in those "institutions", when they call a bank "holiday" after they have gone bankrupt, will us peons ever be able to get back what we deposited? Not Bloody Likely.

OR even if the power goes out or a EMP.

If all money are digits in these "institutions" they will have complete financial power. All we will have is barter and the 2nd.
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02-04-2016, 09:28 PM (This post was last modified: 02-04-2016 09:30 PM by Mike G.)
Post: #5
RE: The War on Cash
https://www.lewrockwell.com/2016/02/tyle...-controls/

as a reminder, the gradual phasing out of cash strips the public of its economic autonomy. Central bankers can only control interest rates down to a certain “lower bound.” Once negative rates are passed on to depositors – and trust us, that’s coming – people will simply start pulling their money out of the bank. The more negative rates go, the faster those withdrawals will be.

When you ban cash you eliminate this problem. In a cashless society with a government-managed digital currency there is no effective lower bound. If the economy isn’t doing what a bunch of bureaucrats want it to do, they can simply make interest rates deeply negative, forcing would-be savers to become consumers by making them choose between spending or watching as the bank simply confiscates their money in the name of NIRP.
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02-09-2016, 01:35 PM
Post: #6
RE: The War on Cash
http://www.freemansperspective.com/banni...fdom-time/

To make this clear, I like to paraphrase a famous (and good) quote from Alan Greenspan, back from 1966, during his Ayn Randian days: The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

That was a true statement, and with a slight modification, it succinctly explains the new war on cash:

The preservation of an insolvent currency system requires that the owners of currency have no way to protect it.
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02-09-2016, 10:21 PM (This post was last modified: 02-09-2016 10:31 PM by woodcanoe.)
Post: #7
RE: The War on Cash
Those of us who believe in the "underground economy" have been bartering and trading for decades. The indians didn't need federal reserve notes and neither do we.

If I have a bushel of carrots that you need, and you have something of equal value that I need then "presto" e have a little piece of the underground economy,just as easy as that!

Mike, I hope you have some pre-65 silver dimes, quarters and halves around as they are going to be the "new money system" one of these days.

There are lots of them being sold every day on ebay. It is way better than money in the bank....which could disappear at the wag of a polticians head! If WE don't look out for ourselves....nobody else will for sure. We have about 150 good laying hens, we keep updating with new ones every year. If you want to see how valuable these hens might be some day you need to read the book "Deep Winter".


WC
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02-11-2016, 07:31 PM (This post was last modified: 02-11-2016 07:37 PM by Mike G.)
Post: #8
RE: The War on Cash
I have been squirrelling away some for a rainy day.

I watched Janet Yellen today in a senate committee meeting, she was asked about negative rates and she said back in 2010 the FED briefly looked into them, because of "the success of other countries" doing the same.

Now what success she was talking about she didn't elaborate, maybe cyprus or the greeks, you know those vibrant industrial countries, just cleaning our clock in the economic world.

They also talk about the success that the FED has had with QE and ZIRP, but where the hell is it? all they did was prop up the banks and the stock market that is presently deflating. Oh the part time jobs that must be it.

But all these FED politicians have to say is that something is a success and the presstitutes will just regurgitate it as the truth. and why do they do so, regurgitate, because they are paid to do so.

But back to cashless, we can see how they connect the dots, they create cashless, then they go negative rates and we all are stuck in the banking system. Every dollar we earn becomes less the minute it goes into the bank.

At least with cash, only inflation is the thief.

"St. Peter don't you call me because i can't go, I owe my soul to the company store"
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02-11-2016, 08:11 PM
Post: #9
RE: The War on Cash
So what in the hell is Yellen going to do.....just GIVE us the money? What in the world would it be really worth in that case?

For my two cents the idea that the FED can control the economy is BS and we are shortly going to see that that is true as these fools have totally lost control of whatever it was that they were trying to do. I live for the day when the Wall st companies, and the major banks, too big to fail, do just that and the US government will have absolutely NOTHING to bail them out with this time! The chickens will come home to roost shortly as unrest is ongoing all over the world, if you read the news regularly (that is if your stomach can stand it).

We need our OWN monetary system for our OWN protection!

Check out these 90% silver quarters on ebay

That is a fair price, according to today's silver spot price! That works out to about $3.52 per quarter (not too hard to see there exactly what has happened to our "government" monetary system over the past 50 years)!

These guys are great and they have fair prices. The carry the daily silver spot price on their homepage and the prices of what they sell are adjusted accordingly. They are also a registered dealer for the Silver eagles in tubes of 20 coins, as made by the US Mint, along with the other gold coins that are minted there. I have bought from them often and have followed them for a decade or more!

Northwest Territorial Mint

NWT has a little "premium" on their prices of junk silver coins. I have bought most of mine on Ebay and usually do a bit better though most sellers know what they are worth.

Before you buy any silver coins from anyone be sure and check the current price as shown on the NWT mint website as they keep up to the minute on the silver and gold prices.

Silver and gold will ALWAYS have value, even if there isn't even a US government anymore!

WC
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02-11-2016, 09:08 PM
Post: #10
RE: The War on Cash
http://www.providentmetals.com/coins/us-...-junk.html

WC

another source
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