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Sunday, November 15, 2015

BANKSTERS WAR ON CASH

BANKSTERS WAR ON CASH
By Jaro
Here's the next salvo that the banksters are going to unleash on us. They'll abolish cash, and CHARGE YOU a negative interest for keeping your money in a bank.
So if the interest rate is MINUS -2%, then you'll be FORCED to pay them that, but WON'T be able to withdraw the money!
"As we reported earlier this year, France announced severe new restrictions on cash transactions. As of the end of September, French residents can no longer make cash payments of more than 1,000 euros. The limit was formerly 3,000. Foreign visitors’ cash payments are now capped at 10,000 euros rather than 15,000. A proposed Danish law made public last spring would allow shops to refuse cash and require some form of electronic payment. Policymakers claim the law would “ease administrative and financial burdens.”
But as we’ve reported, the war on cash is about more than stopping terrorism or catching tax evaders. Central bankers yearn to abolish cash because they can more easily manipulate the economy in a cashless environment. This lies at the root of Swedish policy. Business Insider summarized the desired effects of Swedish central planning:
If banks charge customers negative interest rates in a cashless society, those customers are not able to withdraw their money as cash to shield it under their putative mattresses. Consumers’ only choice in such a scenario is to spend it or let the bank take it. (The theory is that by forcing people to spend cash rather than save it, you can spur economic growth.)”"
http://schiffgold.com/key-gold-news...
So you’ll be forced to spend all your money, or pay banksters interest for keeping it in an online account. But won’t be able to withdraw it since cash will be abolished. In US there already are virtual limits on withdrawing money from banks. If you try to widthraw more than the limit, they inform the IRS. Take out more than $5,000, and the bank must report the withdrawal to the Internal Revenue Service, which might come around to inquire about why you need all that cash.
In some States. like Louisiana, cash is already outlawed for transacting secondhand goods. They just want to track all your financial transactions.
"The Swedish central bank, the Sveriges Riksbank, on Wednesday held its benchmark interest rate at -0.35%, the level it has been at since July. Though retail banks have yet to pass that negative rate on to Swedish consumers, they face increased pressure to do so as long as the rates remain where they are. That’s a problem, because Sweden is the closest country on the planet to becoming an all-electronic cashless society.”
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One way to avoid the war on cash is by owning physical gold and silver. It keeps your savings safely in your possession in a liquid form that the government cannot manipulate. This provides some security should we evolve into a large-scale cashless society. Or use BITCOIN.
In other words, we should start establishing ALTERNATIVE money NOW, else our future will bring even more severe economic enslavement in the hands of central banks like the Federal Reserve.
GET OUT OF DEBT NOW! http://www.newdebtelimination.com


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