Paper currency, or cash, is a fairly recent man-made, genuinely a banking company made, concept. As I’ve covered previously, paper money is a convenience of a modern society, but many things withdraw maintain acted every bit money throughout history. Throughout most of history, outright bartering of goods in addition to services was the way of the world. We’ve used feathers, gold, beads, “tally sticks”, coins, in addition to straightaway paper currency to transmit value from 1 someone to another. And much similar the paper has been replaced yesteryear the Internet version of your newspaper, paper money is getting sent to Evolution’s Scrap Yard, courtesy of your fundamental banking system’s pattern on working capital missive of the alphabet controls. Looks similar the cash concept is getting lay on a blacklist
It is oh in addition to thus tardily to recall of the eventual loss of physical currency every bit a sign of technological progress. Just a sign of the times in addition to out advancement yesteryear this vestige of the past. This is truthful to some extent. Yet, I would debate cash has an almost intrinsic value that is genuinely necessary for modern society, straightaway to a greater extent than than ever. How so? Well, you lot postulate to await at the bigger geopolitical Blue Planet sentiment to acquire an thought of what losing cash every bit an alternative means.
Before I practice that, permit me encompass why the article needs to last written most cash in addition to its impending demise inwards the firstly place. What is going on amongst cash? First, you lot postulate to withdraw maintain recognized a petty thing called inflation, the increment of currency into circulation. If you lot are American, for example, your authorities loves to tell you lot that inflation is a mere 2% per yr in addition to oft less than that. Doesn’t that audio lovely? They withdraw maintain this economic scheme thing all nether control, right? Perianne Boring wrote
an first-class article for Forbes regarding what the existent charge per unit of measurement of inflation is versus the society business your authorities feeds you. More similar 5%, in addition to rising, is where it’s at, in addition to that was a yoke of years ago. If you lot withdraw maintain shopped for beef, or cars, or anything else the authorities takes out of their CPI measures, you lot know what I’m talking about. “Quantitative Easing” is some other mensurate used yesteryear a authorities that has the network termination of increasing inflation, the actual money provide inwards an economy.
The European Union has learned this play a trick on from the United States, in addition to they are inwards the procedure of debasing their currency amongst it every bit nosotros speak. Influenza A virus subtype H5N1 lot of the inflation increment is due to economical pyramid schemes similar Quantitative Easing. This has been going on for many years now, in addition to taxpayers pay the neb spell fundamental bankers reap the rewards. It’s a proficient system, every bit long every bit you lot are a banker or inwards government, in addition to aren’t a peasant.
Now, amongst an estimated 5% inflation per yr in addition to every bit your economical foundation, destroying the currency’s value on a daily basis, what if you lot wanted to stage out cash altogether? Many people practice non know that inwards almost all modern civilizations, over 90% of all economical transfers are done digitally, non inwards mutual “cash” currency. You may pass $10-20 USD inwards cash on occasion, but your banking company or your state of war machine sends 1 hundred meg every bit a wire transfer. You are using debit cards, credit cards,
Paypal, in addition to novel tools similar Bitcoin and
Apple Pay for the vast bulk of your neb paying in addition to daily purchases. So is cash but an outdated option, similar the paper is for your search for news? Maybe it is fourth dimension to retire cash?
One political party that loves the idea, which should last a huge carmine flag, is your fundamental banker. All of the sudden, too the inflation in addition to “Quantitative easing”
killing dollar value from the inside, banks are working amongst regulators to brand cashl less convenient to use. Creating an atmosphere where it volition last phased out, banned yesteryear regulation. There are iii recent attacks on cash that should tell you lot something is up.
Negative Interest Rates
Now that the Keynesian economists withdraw maintain tried in addition to failed at stimulating the economic scheme amongst 0% fundamental banking involvement rates, the European Union is phasing inwards negative interests rates. You may withdraw maintain noticed over the yesteryear several years you lot withdraw maintain received almost no involvement on your money inwards the bank. Now, you lot tin await forrard to paying to proceed your cash inwards a banking company account, on top of monthly fees, transaction fees, ATM fees in addition to other banking hustles you lot already endure.
Citigroup’s economical czar Willem Buiter has a computer program that should aid the situation, at to the lowest degree if you lot are a bank. If you lot are smart plenty to handle onto your cash, in addition to non autumn prey to the bank’s games of charging you lot for banking company deposits, this is bad for fundamental banking. You may larn that you lot practice non postulate them or are non beholden to them to alive a total life. This realization may destabilize the economic scheme every bit a whole, or at to the lowest degree their constituent inwards it. To forestall this, you lot tin last punished inwards iii novel in addition to exciting ways.
- Tax Currency
- Abolish Currency
- Remove the fixed substitution charge per unit of measurement betwixt currency in addition to fundamental banking company reserves
The details would exclusively serve to confuse the issue, but the call for is fundamental banking cartels withdraw maintain an thought on how to start out to acquire cash banned or taxed. Saying fundamental bankers withdraw maintain influence over economical policy in addition to rule is similar maxim the Block Chain has influence over the Bitcoin ecosystem. If the banking elite is get-go to throw around words similar “abolish” or “ban” currency, you lot powerfulness desire to start listening up. Economic regulations tin brand you lot either unable to acquire it or non desire to bargain amongst it due to regulation, inflation in addition to taxation within a affair of months. The benefits of this, we’ll encompass inwards a moment. Cash is used yesteryear terrorists, so…..
Governments shroud behind the discussion “terrorism” to a greater extent than than
bitcoin exchanges hide behind the discussion “
hacked“. If a authorities wants to practice anything to their citizens, but tell the discussion “terrorism”, in addition to they tin practice anything, starting amongst taking away your freedoms. It’s a playbook well-used in addition to highly effective, if highly deceptive, at a minimum.
French Finance Minister Michel Sapin looks to beta-test a ban on cash to acquire by terrorism. How brave of him! This is inwards reply to the Charlie Hebdo purpose assault that killed 17 people inwards January, allegedly yesteryear Islam extremists, partially funded yesteryear cash. Still, many critics tell “a faux flag” to create policy, similar 9/11 in addition to Sandy Hook. The alleged attackers used cars, watches in addition to shoes every bit well, but no ban was announced on their hereafter occupation in
France.
“It’s a terrorism that is depression terms to deport out but has a major impact,” Sapin told a tidings conference. “This low-cost terrorism feeds on fraud, money laundering in addition to petty trafficking,” said Michel Sapin at a recent press conference.
So inwards response, French Republic volition start out to over-regulate cash amongst the next measures, to halt “terrorism”:
- Prohibiting French residents from making cash payments of to a greater extent than than 1,000euros, downwards (From 3,000 euros.)
- The bound for unusual tourists on currency payments volition stay higher, at 10,000 euros downwards from the electrical flow bound of 15,000 euros. (Tourism is of import to France. Economic liberty for citizens non in addition to thus much.)
- French residents volition withdraw maintain to demo an identity carte to convert whatever currency to a higher identify 1,000 euros, downwards from 8,000.
- Any cash deposit or withdrawal of to a greater extent than than 10,000 euros during a unmarried calendar month volition last reported to Traffic, the French anti-money laundering agency.
- French authorities must last notified of whatever freight transfers within the European Union exceeding 10,000 euros, including checks, pre-paid cards, or gold.
So French Republic is testing the patience of its citizens, in addition to how they volition alive without cash inwards this phase-out. Do you lot recall the repose of the world’s nations are watching how this progresses? I recall in addition to thus too.
JP Morgan Chase launches its ain cash attack
JP Morgan Chase bank has been working many working capital missive of the alphabet controls into its portfolio over the in conclusion eighteen months, from restricting international transfers to $50,000 USD dorsum inwards 2013 to the latest one. Influenza A virus subtype H5N1 missive of the alphabet has been sent out to safety-deposit box owners amongst the next provision for its use:
“Contents of the box: You concur non to store whatever cash or coins other than those constitute to withdraw maintain a collectible value.”
Did anyone else encounter Casino amongst Robert DeNiro? What proficient is a rubber deposit box if you lot can’t stash emergency cash within of it? Banks know that is a major occupation of these boxes, since they withdraw maintain a meg cameras on you, they know what you’re doing. That’s no secret. This is a major affront to the convenience in addition to viability of cash going forward, when the nation’s largest banking company outlaws cash occupation inwards rubber deposit boxes. This is a footstep inwards a dark direction.
So what does all this mean? Why assault cash inwards the firstly place? Well, cash is a revenue flow that gives people a way to avoid straight taxation or tracking of transactions. It is also a banking company check in addition to residual against authorities legislating every buy into an NSA database somewhere. Let’s tell cash disappeared tomorrow, in addition to every transaction was inwards some digital form, moving US Dollars betwixt accounts. All those accounts, to your bank, PayPal, to your local store, tin all last kept inwards a database. They tin all last tracked dorsum to you lot yesteryear a government. They tin all last stolen by
hackers in addition to identity thieves. They tin all last sold to third political party marketers every bit a list. They tin last used to larn what you lot occupation most, in addition to adapt taxes, interest, in addition to usage fees accordingly. And, apparently your privacy, or what’s left of it, is commandeered yesteryear your carte issuing bank, government, in addition to anyone amongst advanced figurer knowledge.
You are at the mercy of anyone amongst figurer access or an agenda. And banks/the authorities acquire consummate command over your privacy, your accounts, in addition to your access. Everything becomes centralized onto banking/government servers. If that’s what you lot want, this route is leading to Providence. I am guessing this powerfulness non last what you lot want, in addition to you lot may desire to a greater extent than options on how you lot handle your finances. Tie this together amongst authorities monitoring of emails, telephone calls,
Facebook, in addition to rule of the Internet yesteryear the FCC, in addition to it all becomes quite a spider web of centralized control. The destination game may last the ultimate inwards computerized control. Control of you. I’m going to guess you lot may non desire that either.
Is anything imminent? No. All I’m doing is relaying the foundation for economical change, potentially worldwide. You tin ignore the signs of change, but that is a choice. Better to last forewarned, I say. Is this all 1 large international coincidence? If that’s what helps you lot slumber at night, but I’m going to vote no on that. Something is going on here.
Too many real influential bankers maxim negative things most cash in addition to its occupation is a bad sign. If bankers outlaw cash, in addition to you lot are forced onto your bank-owned debit carte for everything, imagine the fees, privacy issues, in addition to potential for blackmail that would ensue? Banks withdraw maintain shown themselves to last in addition to thus responsible in addition to trustworthy over the in conclusion few years.
So what most Bitcoin?
So what does this macroeconomic update withdraw maintain to practice amongst the
Bitcoin community? Well, when cash is banned, this should naturally campaign some mainstream migration into Bitcoin for the liberty it affords to the government/bankster’s total economical control. Thus, the demand volition increase, in addition to provide of Bitcoin is designed to decrease over time. This volition campaign the value of Bitcoin to ascension inwards relation to the speed of the banning of cash, at to the lowest degree initially. That is until these regulatory forces create upwardly one's heed to occupation their most clever catchphrase against Bitcoin.
No proof, transparency, or vote needed. Influenza A virus subtype H5N1 authorities dictatorial decree tin alter the economical fortunes of a nation. You don’t vote on wars, banker bailouts, or
upcoming regulations similar BitLicense, that touching on your freedoms in addition to civil liberties, in addition to thus why practice you lot postulate a alternative inwards how you lot pass your income? Can’t you lot hear it now?
“Bitcoin is beingness used yesteryear “terrorists,” in addition to thus nosotros are employing the next security measures to protect our citizens from “terrorists”…..”
That ever plant out for you, doesn’t it?
Images provided yesteryear Shutterstock in addition to Wikimedia. Zero Hedge in addition to Reuters contributed to this article.
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