Bail-Ins and Cashless Currency – Coming Soon

[Y_Participant 4591]

The banksters are turning to bail-ins and taking steps to eradicate paper currency. This works hand-in-hand to make sure your cash is never yours.

Mike Maloney explains the state of bail-ins and the Hon. Ron Paul discusses cash.

[TaxGuyParticipant]

If we were in a cashless society, think about this for a minute. How many of us have signed up at the grocery store for their little club? You have to in order to get the lower prices. So, now they know EVERYTHING you buy there. What is to stop them from selling that information to your insurance company? Then they come back and raise your premium because your groceries don’t fit the “healthy” profile? Oh, you buy liquor more than twice a month? Raise your rates.

That technology already exists, but with no cash, someone can see EVERYTHING you buy. I’ll admit it on here, I use cash for any “vice” purchase I make. Just in case my ex comes back at me for more money and I end up having to give up bank statements. It would be used against me as frivolous spending and proof that I don’t need as much money. Booze, movies, dinner out with friends, all cash. Because it’s nobody’s f~~~ing business where I spend my money.

Ron Paul is 100% correct. Cash is a privacy issue. And to be honest, I haven’t signed up here for the $5 a month because it would end up on a bank statement or credit card statement. Maybe I’ll contact the sight privately and get an address to send cash, but until my parole runs out on the alimony and child support and I know it’s REALLY over, I take my privacy very seriously.

Buying with cash is anonymous. Buying with a card is data that can be tracked.

Order the good wine

[uchibenkeiParticipant 7965]

cashless society means your money has to be in a bank or no? Pretty convenient when they’re considering negative interest rates to force you to have a bank account.

I bathe in the tears of single moms.

[TaxGuyParticipant]

uchibenkei wrote:

cashless society means your money has to be in a bank or no? Pretty convenient when they’re considering negative interest rates to force you to have a bank account.

Right. And what about people that can’t get a bank account because they have bad credit? I’m sure the government will step in the save the day with a special bank just for them. Oh, but the “negative interest rate” will be triple….if they are lucky.

Order the good wine

[Faust For ScienceParticipant 22520]

Bail-Ins and Cashless Currency – Coming Soon

I do not see how cashless currencies and bail-ins can work at the same time. A cashless currencies requires a bank account with no way to protect what is earned (for lack of a better world). A bail-in is naked theft of savings of people with money in banks by banks and government.

Having the cashless currencies and bail-ins is the same as government and the banks forcing people to put all their money with thieves whom can take off with that money at any time, with no legal recourse for the victims.

Such a situation would not stand. Because people would not be able to save and they will always worried if the bank seizing their accounts, while the same banks and government would still demand debts and taxes be paid by their victims.

This is the same as banks and governments saying, “We are taking all your money, but you still owe us debts and taxes, or we take everything else you have and imprison you.”

This is the type of hypocrisy and creating such desperate situations lead to revolts.

[Y_Participant 4591]

@faust For Science
The banksters have already made bail-ins part of EU law, Austria and Cyprus were just the first in-line. It will only be a matter of time until this and negative rates are tested in the States.
There is no other way to go for them after QE fails to hold up the markets, as it is now doing.

The case for cashless – or near to – is closer than most people think.

Try getting out (say) $5000 in cash – see what happens to you.

The fear is real, as well as the outcome.

Hope this helps MGHOWs to plan ahead.

[Faust For ScienceParticipant 22520]

Y_ wrote:

The banksters have already made bail-ins part of EU law, Austria and Cyprus were just the first in-line. It will only be a matter of time until this and negative rates are tested in the States.

And the response is no one putting their money in the back. Cyprus is not in an epic economic depression because any money and wealth left is not being used but horded.

Japan just instituted negative interest rates and the Japanese economy, which was already floundering, tanked, hard.

This response is basic nature found in even animals. People are not going to put what they hold valuable in the hands of those openly stealing from them.

Y_ wrote:

The case for cashless – or near to – is closer than most people think

That is what those that control the economy want. But, think about it. The banks and government are saying, “We are going to force you to put all your wealth into bank accounts that we can steal at any time. And by the way, you still owe us regular taxes and debt banks.”

No one is going to accept that arrangement. If that banks and government had kept bail-ins and negative interest rates off the table, they could have likely pulled off credit only transactions. Which is what this is. Unfortunately, their naked theft has ruin any such plans.

They situation they are creating is going to force everyone to barter because there will be no other way to trade.

And they are wrecking the very systems that keep them in power.

[TaxGuyParticipant]

Faust For Science wrote:

Bail-Ins and Cashless Currency – Coming Soon

I do not see how cashless currencies and bail-ins can work at the same time. A cashless currencies requires a bank account with no way to protect what is earned (for lack of a better world). A bail-in is naked theft of savings of people with money in banks by banks and government.

Having the cashless currencies and bail-ins is the same as government and the banks forcing people to put all their money with thieves whom can take off with that money at any time, with no legal recourse for the victims.

Such a situation would not stand. Because people would not be able to save and they will always worried if the bank seizing their accounts, while the same banks and government would still demand debts and taxes be paid by their victims.

This is the same as banks and governments saying, “We are taking all your money, but you still owe us debts and taxes, or we take everything else you have and imprison you.”

This is the type of hypocrisy and creating such desperate situations lead to revolts.

Nailed it, very well thought out. You are only missing one fatal flaw to your logic. You are assuming that the government isn’t too stupid to try it anyway.

The thought is to encourage spending. Why let your money sit there and be taken from you with a “negative interest rate” (theft). Gosh, I might as well go buy a shiny new car, at least that won’t depreciate in value………..

Your government believes that spending drives the economy, so it will do anything to get you to do that. Even take your money from you if you don’t do it.

Yumbo is right, the EU and Japan are only a small step ahead of us on this one.

Don’t forget that this is the same government that less than 100 years ago confiscated all of the physical gold owned in the country at $16 per oz, and then immediately raised the price to $24 once they had it all. Confiscation of our money today would not be the first time.

Order the good wine

[RusskyParticipant 13503]

We already live in a partially cashless society – You can’t move undeclared cash on planes, structure deposits, and any large transactions will be reported, and you can’t really buy a car or a house using real cash with some exceptions. If you get pulled over and have cash – it can be seized under “civil forfeiture” laws.
They’ll just keep ratcheting up the limits, imposing fees on cash transactions and banning large bills. Eventually – you could still be using some cash to buy drugs for example (have to keep the war on drugs and CIA drug operations going, you know), but the amount you could withdraw would be limited even more. Precious metals will be bought out and/or confiscated except for jewelry and collectables. US will default and SDR will be implemented. All retail transactions will be done using “Chain”-type electronic currency unveiled today at NY.
All they need now is a major collapse and reset.

http://www.charismanews.com/opinion/56905-new-digital-cash-system-unveiled-at-a-secret-meeting-for-bankers-in-new-york

proud carrier of the 'why?' chromosome

[Faust For ScienceParticipant 22520]

TaxGuy wrote:

Don’t forget that this is the same government that less than 100 years ago confiscated all of the physical gold owned in the country at $16 per oz,

No, they confiscated all gold in the banks and those foolish enough to turn it in. There is a difference.

Now, bail-ins/negative interest rate plus credit only system sounds like a smash and grab theft. Basically try to steal what is left of the people’s wealth. Then, for them to turn around and seize the people’s property when the people have no money to pay the taxes because they stole it all.

Now, I do not wish to talk about where this will lead to. But, no one is going to accept this arrangement. And to attempt to do so would collapse the whole system.

[RusskyParticipant 13503]

Faust For Science wrote:

TaxGuy wrote:

Don’t forget that this is the same government that less than 100 years ago confiscated all of the physical gold owned in the country at $16 per oz,

No, they confiscated all gold in the banks and those foolish enough to turn it in. There is a difference.

This time they might get smarter and criminalize precious metal selling/buying. Now they have way more ways to control the enforcement of this than before. I’d say if you want to store value in precious metals for the crash – buy cheap jewelry just to be safe. Don’t buy bars or coins or anything of that matter

proud carrier of the 'why?' chromosome

[Y_Participant 4591]

There is a reason why the police have been militarized and camps set up for dissidents. In any rebellion or revolt the leaders are key. Stop them and everything falls apart.

It would take a well organized rebellion along military-style lines to have any chance of succeeding – but succeeding at what? They will be labelled terrorists when apprehended eventually (the military-industrial complex is too big and they know who their masters are) and put in something like Guantanamo.

The system excels in fear-mongering to make any dissident a threat in people’s eyes. People may be sane and clever, but mobs are stupid and will believe what they are told by the MSM – the true powers know this.

I would be interested to know how a rebellion can succeed (and what the measure of success is) – but cannot see how with all the political, military and social systems in place against just such a contingency.

[ShinyParticipant 2307]

TaxGuy wrote:

Your government believes that spending drives the economy, so it will do anything to get you to do that. Even take your money from you if you don’t do it.

Spot on. Why do the men who run the world allow it to be a gynocracy? Because women spend, spend, spend, and basic capitalism needs growth to prevent collapse.

[DarkRyuParticipant 2354]

It will go cashless first….or at the very least they’ll make it illegal to withdraw more than $500/day from the bank and then institute negative interest rates.

It’ll happen just like in Cypress. The banks will all close down for a few weeks, leaving everyone to rely on ATM’s (which will run dry very quickly). When the banks open up a few weeks later, BAM! Half your deposits are gone. Or a -5% interest rate will be imposed.

My bank already requires at least a week’s notice if you want to withdraw more than $2,000. I’m scared s~~~less because I have a business account that I can’t f~~~ with because I’m trying to get approved for a mortgage. I have to keep it all in the f~~~ing bank. But as soon as I get the mortgage I need, I’m not putting any of my cash into the bank anymore. I’ll spend what’s in there on the down payment and no more will be going in there that I don’t intend to immediately use for bills and/or business activities.

Because I run a business I can never be 100% bankless, but I’m not keeping any more than $5,000 in there at a time, that’s for damned sure!

[Y_Participant 4591]

@darkryu

Hear you bro’, and that’s the smart thing to do.
The US$ will be next to go, so be prepared for anything.

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