1. Stocks continue to roll off recent highs, while metals catch a bid
    Dismiss Notice
  2. Good Thu Morning! Gold is up 6.6 to 1252, and Silver is up 17 to 16.55. Crude is up 26 to 4279. The USD is flat at 9721
    Dismiss Notice
  3. Week of 6/10/2017 Closing prices & Chg Over Last Wk---- Gold $1271.40-- DOWN 8.80 Silver $17.22-- DOWN 30 Oil $45.83-- DOWN 1.83 USD $97.01 -- UP 37 TICS
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

The War On Cash And Then On Gold

Discussion in 'Topical Discussions (In Depth)' started by searcher, Dec 20, 2016.



  1. mtnman

    mtnman Gold Member Gold Chaser Site Supporter ++

    Joined:
    Mar 30, 2010
    Messages:
    3,177
    Likes Received:
    4,592
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Retired Shipyard Machinist
    Location:
    East Tennessee
    Sounds like city life. Most of the US is not citified. Not everything is purchased at a brick and mortar store. People buy used cars face to face, every town has a fleamarket where face to face sales are the norm. Plastic doesn't work face to face.
     
    GOLDZILLA likes this.
  2. AguA

    AguA Seeker Seeker

    Joined:
    Apr 1, 2010
    Messages:
    309
    Likes Received:
    167
    Trophy Points:
    43
    Seems to me, some of ya'll need to step back from the trees a bit.

    TPTB don't need just one traceable form of payment to fit everyone. TPTB only need most of everyone to use one of any traceable payment form. i.e., Square, Apple Pay, PayPal, eCash, CashU, Nxt, ACH transfers, personal checks, various wire transfer services, credit cards, various digital wallets, cryptocurrencies (Bitcoin, Litecoin, etc). The list goes on. And what do they do to influence the changes? Incentives using various discounts such as cash back, points, free transactions with tracking records for the individual to feel secure, etc.

    Keep in mind, they don't need everyone on the system right this very secon either . They've had, still have, all the time they could need or want to get this change in place. Don't think so?
     
    Last edited: Feb 20, 2017
    searcher and GOLDZILLA like this.
  3. AguA

    AguA Seeker Seeker

    Joined:
    Apr 1, 2010
    Messages:
    309
    Likes Received:
    167
    Trophy Points:
    43
    Most of the US isn't "citified", but most of the population lives and works in the cities or in some form of urban community.
     
    searcher likes this.
  4. mtnman

    mtnman Gold Member Gold Chaser Site Supporter ++

    Joined:
    Mar 30, 2010
    Messages:
    3,177
    Likes Received:
    4,592
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Retired Shipyard Machinist
    Location:
    East Tennessee
    Maybe so, but we grow the food and cash is what buys it.
     
  5. Alton

    Alton Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    1,894
    Likes Received:
    2,786
    Trophy Points:
    113
    Location:
    Michiana
    This will probably be one few, even rare, times I will disagree with you searcher...sort of...

    The euro is pretty much dead in the water now. Brexit is the cause and other eu countries will soon follow. The days of the dollar as world reserve currency are technically over and tsunami of dollars is already heading toward our shores. Let me be the first to say it...the dollar is dead as a currency and all we get to see now is the dollar fading into the sunset. Yeah, yeah, a lot of folks will think I'm so full of it my eyes are brown. All I can say is hold on, you will see it clearly shortly.

    Our choices are indeed few at this point. Barter will work where it has to. Friend of mine lived in a small town in Michigan during the 2008 fiasco, barter was the only thing keeping the town going for a while. Fortunately barter will NOT be the coin of the realm as it were but it will occur when and where needed. For those who still can afford electricity and an ISP bitcoin will pick up a LOT of the slack left by the dead dollar.

    Sadly, this will come at a time when many other things associated with the dollar's death will be happening. Prices for food (dollar death+weather/crop failure effects), utilities, fuel will be skyrocketing. Death of the dollar will cause gov to go full on stupid with taxes/fees/licenses/fines/ fine-able regulations going through the roof. Then there's the added bonus of fed+banksters suffering from a LACK of currency. WTF!?! You say? Yes, most bank & fed assets are PAPER. Very little currency is involved. Yes, the US bankster cabal, including the fed has been penny by penny and dollar by dollar been weening Americans off of currency. Credit cards and debit cards are in use everywhere for all kinds of purchases from Big Macs to a new car and more. Few use cash any more. Due to this lack of currency expect to see loans get called. Expect to see HUGE discounts if you pay with cash. Eve larger discounts if you pay with gold or silver. Lots of local and regional banks/credit unions will going down. Did I say chaotic? You'll soon smell the panic. Stocks? Bonds? I hope you have the certificates...at least they serve as a fire starter or toilet paper if you're desperate.

    No, this will NOT be easy. In fact, it's going to get downright fugly.

    No, it's NOT unusual or even rare...even in the supposedly "exceptional" US. You have heard of the "continental" right? "Greenback"? How's that confederate currency workin' out for ya? Yes. Seems the US does have a history complete with currency failures.

    So, you know the drill, buy gold, buy silver and anything else you'll find useful for your well being and stuff to sell to others. You'll see when the time is right to buy property cheap and anything else on the cheap that will increase your wealth and well being. Might be worth considering a multi-level greenhouse to grow food and healing herbs for yourself and to sell to others.

    This collapse will NOT be quick. Not one day, one week, on month or even one year. I would count on 5+ years.

    On top of all the above there is climate change which will intensify. NO! NOT the Al Gwhore BS. Man can't even control money, how in hell can man cause climate change? More to the point how can buffoon governments do anything about it? Truth is, they just can't. This is COSMIC in origin. It's happening right freakin' now!
     
    Last edited: Feb 20, 2017
    mayhem, Ebie, searcher and 1 other person like this.
  6. GOLDZILLA

    GOLDZILLA Harvurd Koleej Jeenyus Midas Member

    Joined:
    Apr 1, 2010
    Messages:
    6,777
    Likes Received:
    5,925
    Trophy Points:
    113
    Another method might be to use another countries currency. Imagine people in America using yuan to buy things because TPTB couldn't handle the very same free market that made their power possible. It's like a tree cutting itself down.
     
    searcher and andial like this.
  7. andial

    andial Sir Midas Member Site Supporter ++

    Joined:
    Apr 1, 2010
    Messages:
    9,150
    Likes Received:
    8,086
    Trophy Points:
    113
    I would stock up on the Russian ruble.
     
    searcher and GOLDZILLA like this.
  8. Alton

    Alton Gold Member Gold Chaser

    Joined:
    Apr 1, 2010
    Messages:
    1,894
    Likes Received:
    2,786
    Trophy Points:
    113
    Location:
    Michiana
    Actually, Canadian currency may survive simply because 1) it's NOT the dollar and 2) far greater access and use of natural resources in keeping the Canadian economy going.
     
    searcher and GOLDZILLA like this.
  9. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

    Joined:
    May 16, 2014
    Messages:
    1,680
    Likes Received:
    1,152
    Trophy Points:
    113
    Credit cards have often times around 2% cash back bonus... in other words, everything you buy has a discount to it.

    That, and there are so many cards that have an opening bonus in excess of $400-$600 if you spend $3-5,000 in the first three months that I regularly abuse the credit system and almost always have a new card I'm running just for said bonus... if there's an annual fee after year 1, I dump the card, or close them if I feel like it.

    Cash is great if you would prefer no paper trail (I.e. Paying an undisclosed sum for a car, getting lunch with your harlot) but for most commerce, it's a card.
     
    searcher likes this.
  10. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
    The Criminalization of Financial Independence

    February 22, 2017

    Independent enterprises are a source of political and financial independence--and any independent class is dangerous to the ruling elites.

    Just as the "war on drugs" criminalized and destroyed large swaths of African-American and Latino communities, the "war on cash" will further criminalize the few remaining avenues to financial independence and freedom. The introduction of "entitlement" welfare in the 1960s generated a toxic dependency on the state that institutionalized worklessness, a one-two punch that undermined marriage and family in America's working class of all ethnicities.
    The "war on drugs" launched in the 1970s turned millions of American males into felons with severely restricted rights and opportunities in mainstream America.

    Now we see the same destructive pattern repeating with "disability" being the new "welfare" and "legal" synthetic heroin (oxycotin etc.) being the new street-smack that lays waste to entire communities. Once you're dependent on the state for disability and synthetic smack, you are owned by the government, lock, stock and barrel.

    When the temptation to sell your $3 Medicaid prescription for synthetic smack for a quick $1000 becomes too much to resist, bang, you've got a one-way ticket into the Hell of America's criminal "justice" system. Do you see the pattern? Offer the blandishments of "free money" and nearly free synthetic smack, and the vulnerable populace is quickly reduced to a dependent state of worklessness and addiction.

    Needless to say, an addicted, ill, workless populace that is herded into the grinder of the criminal justice system isn't going to create any political resistance. They have their hands full just trying to stay alive and avoid being sucked into the voracious maw of the criminalization meat grinder.

    This is the context for the upcoming "war on cash" and the criminalization of financial independence. Every conventional means of remaining financially independent of the state-cartel-banking system is being restricted and criminalized, the better to herd everyone into centrally controlled institutions.

    Those attempting to escape the political-financial pen are threatened with the other pen--the penitentiary.

    Any form of resistance draws punitive criminal sanctions. If you attempt to resist the unfettered search of your property, your resistance is instantly criminalized.

    If you resist the seizure of your property on some trumped up charge, your resistance is instantly criminalized.

    If you resist being hassled for "driving while black," your resistance is instantly criminalized.

    If you resist being shunted off public spaces while staging a political protest, your resistance is instantly criminalized.

    Three charts help explain the criminalization of financial freedom. Wages as a percentage of economic activity (GDP) have been falling for decades. Wage earners are under pressure, and this generates dissatisfaction that eventually finds political expression. This is dangerous to the ruling elites, so criminalizing dissent, resistance and financial independence become essential tools to cow and control the masses.

    [​IMG]

    Independent enterprises are a source of political and financial independence--and any independent class is dangerous to the ruling elites.
    The "solution" to the ruling elites is to crush independent enterprises with burdensome regulations that carry punitive penalties, raise junk fees (licensing fees, permits, etc.) to levels that make it difficult to remain compliant, and criminalize cash-only and home-based enterprises.

    No wonder new business growth is a shadow of its former robustness. If you try to launch a legally compliant enterprise, the costs crush all but the most successful. Any less than fully compliant enterprise has been criminalized.

    [​IMG]

    The upper 20% of wage earners are the tax donkeys that must be corralled so they can't escape higher taxes.
    Whatever wealth they've accumulated must also be available for taxation, for this reason: as the super-wealthy sequester their immense wealth in legal tax dodges such as philanthro-capitalist foundations, this leaves the lion's share of taxes to be paid by the upper-middle class / professional / technocrat / entrepreneur tax donkeys.

    [​IMG]

    The coming War on Cash is also designed to bring in black-market cash from the bottom 40% who use cash businesses as a tax avoidance tactic.
    The state will leave no stone unturned in its campaign to close off any escape routes--except of course for those available to the super-wealthy and corporations which contribute the big bucks to the politicos' re-election campaigns.

    There won't be any legal assets that will not be exposed to taxation. As for precious metals--imagine a "wealth tax" that is first imposed on millionaires. Who will say that "taxing the rich" is a bad idea?

    Then the definition of "rich" will be adjusted downward. Anyone owning gold is "rich," correct? So laws will be passed requiring all forms of wealth must be declared.

    Anyone who fails to declare their wealth and pay a "wealth tax" on it will face punitive criminal charges.

    The "wealth tax" will start small, and high up the food chain. Then it will quickly move down to include everyone with any assets of any kind. If you reckon this farfetched, check back in 2020, if not sooner.

    The problem isn't taxation per se--it's preserving the freedom to become financially and politically independent that's increasingly at risk. Once it becomes too complicated, costly and onerous for a working class household to start and operate an enterprise, small-scale capitalism is dead--strangled by the state at the behest of self-serving bureaucrats, elites and corporate cartels.


    If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

    Check out both of my new books, Inequality and the Collapse of Privilege ($3.95 Kindle, $8.95 print) and Why Our Status Quo Failed and Is Beyond Reform ($3.95 Kindle, $8.95 print). For more, please visit the OTM essentials website.


    http://www.oftwominds.com/blogfeb17/criminalize-freedom2-17.html
     
    Carl and GOLDZILLA like this.
  11. Carl

    Carl Gold Member Gold Chaser

    Joined:
    Mar 30, 2010
    Messages:
    3,882
    Likes Received:
    2,817
    Trophy Points:
    113
    Occupation:
    Depends upon the time of day the question is asked
    Location:
    Texas
    What does a 'ban on cash' really mean to the banks? It means 'DEBT JUBILEE' for the banks.

    A deposit account represents a bank debt obligation to the account holder and what the bank owes, by law, is cash money. Ban/outlaw cash and the banks are relieved of their debt obligations to the account holders. Within the U.S., a ban on cash would represent a gift of about $13-Trillion to the banks. (To figure out how much of a gift European banks will receive with the banning of cash, simply total their deposit account debt obligations and that amount will be your gift to them.) They get a DEBT JUBILEE, and we get screwed. Now isn't that special.....
     
    Last edited: Feb 26, 2017
    madhu and searcher like this.
  12. Ebie

    Ebie Midas Member Midas Member

    Joined:
    Apr 9, 2010
    Messages:
    7,048
    Likes Received:
    1,547
    Trophy Points:
    113
    Alton: "when the time is right to buy property cheap"

    Property values will drop along with inflation?
     
  13. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
    The Deep State’s Gold Scam And The Demonization Of Russia


    -- Published: Friday, 3 March 2017

    By Stewart Dougherty

    As the Fiscal Year 2018 budget, and particularly its war component are floated, it has become clear that without continued, massive military spending, paid for with mass-produced electrons masquerading as money, U. S. GDP would collapse, taking the country’s financial and monetary systems with it. The nation, whose real economy has been hollowed out, for profit, by the Deep State plunderers, has become significantly reliant upon deliberately contrived wars and military tensions for its economic survival.

    With systemic monetary risk now at an unprecedented level, intensified by a new, partisan, “politics of defeat,” scorched earth agenda being implemented by those displeased with the results of the 2016 election, there has never been a more dangerous time for people to denominate their wealth in unbacked, baseless, debt-drugged dollars.

    The absolute last thing the Deep State, and particularly its Banking Division (the Bank State), can allow the people to figure out at this time is that there is a far more safe, secure and potentially profitable way for them to position their financial assets than dollar-denominated bank deposits: precious metals. A widespread movement into metals at this time would damage the Bank State and its umbrella organization, the Deep State, because their future profits require the control and progressive expropriation of the people’s money.

    Therefore, a March rate hike is guaranteed, for three primary reasons. First, precious metals prices must be pummeled as much as possible, in order to scare uninformed people away from the easy, safe and logical financial refuge it provides. Even though the “rates up, metals prices down” reflexive reaction is absurd, it has been baked into the trading algorithms so that it will occur no matter what other factors might be in play when rates are increased. Strategic Deep State price fraud, which is perpetrated by internationally signaled, time-coordinated and algorithmic inside trading, ensures that metals prices can reliably be controlled. At least for now. When physical demand finally increases in a material way, the price fixing fraud will collapse.

    Second, the Bank State must increase the incentive for people to keep their money in its institutions, while it pushes forward, as fast as possible, with its cash elimination agenda. Once cash is eliminated, the banks will no longer have to worry about bank runs, which would otherwise be historic when the monetary wheels coming flying off the thoroughly debauched system, an event we view as inevitable.

    Third, the Federal Reserve System is now 100% politicized, and run by sneaky, die-hard political ideologues who lie about why they do what they do and what they really think. Those who run the Fed are despondent that despite implementing for eight YEARS an interest rate policy specifically designed to enable Obama to create a totally false illusion of economic “recovery” by massively increasing government spending with trillions of phony, deficit, zero-interest-rate “dollars,” the people saw through the economic lie and defeated the Fed’s next intended puppet, Clinton.

    Yellen, Fischer and the other partisan Fed governors are simply not going to allow Trump to turn around, in a matter of months, an economy that the Deep State and the Fed have systematically been looting, at mind-boggling and astronomical profit to themselves, for the past decade. Nor are they going to allow Trump to bask in DJIA-record glory. Therefore, the power- and money-obsessed functionaries at the Fed and within the Deep State, who all totally buy into the scorched earth agenda, are going to bring down the economy and markets, even if it means that every single private pension fund and the net worth of every non-connected citizen collapses with it. They couldn’t care less about that, as we are about to see, because they will have a scapegoat for what they, themselves have wrought: Trump. The Fed, in league with many others, is now doing everything in its power to rig the 2018 mid-term elections, in order to live up to its Sole Mandate, which is the preservation of political power.

    While we deeply admire what President Trump is trying to do to expose to the people and turn around the fake economy in which the nation is drowning, we believe the challenge of reversing, in the short amount of time available to him, decades’ worth of asset stripping, corruption and for-profit economic destruction is beyond extreme. And the constant political obstructionism he is up against, which is increasingly treasonous, might make the achievement of his worthy objective impossible.

    With this as our backdrop, let us move on to the geopolitics of gold, which while it might seem abstract and removed, we believe is highly relevant to your personal financial situation.

    Aside from being tedious, politicized and baseless drama, the ongoing demonization of Russia, particularly with respect to its so-called rigging of the 2016 U.S. Presidential election, makes no common sense. But it makes perfect Deep State sense. It is about war-mongering, global destabilization, internationalized looting and the continued plunder of the American people, the for-profit enterprises in which the Deep State specializes.

    We believe that there is actually a more specific reason for the demonization of Russia than the above, usual suspects. This is a case where one should not just follow the money; one should follow the gold.

    For the past fifteen plus years, physical gold supplies have been like Lazarus: they keep rising from the Dead. Just when it appears that a serious supply-demand imbalance is about to precipitate futures market delivery problems and therefore increased prices, supply miraculously appears out of nowhere to alleviate the shortage and stabilize or depress prices.

    This surprise supply has primarily come from sovereign central banks: for example, 1,500 metric tonnes from one-time sound money nation Switzerland; 600 from France; 430 from the United Kingdom (most at the bear market’s absolute low price of around $255.00/ ounce; central bank “genius” for all to see); 300 from Netherlands; 225 from Portugal; 240 from Spain; 180 from Venezuela and counting; 90 from Brazil. And the list goes on.

    Each sovereign sale has produced needed physical gold at times of supply – demand imbalance, many of which have been critical. This has enabled the paper gold price manipulation fraud to persist without any failures to deliver or the need to set a true, as opposed to fake gold price. A delivery failure, even a minor one, would expose and terminate the Deep State’s enormously profitable price rigging fraud, and has therefore been prevented at all cost.

    The Deep State’s overthrow of legitimate, sovereign governments has been another means by which needed gold supply has been injected into the pipeline. After Libya was overthrown, 143 tonnes of the nation’s gold disappeared. Dozens of additional tonnes disappeared from Iraq subsequent to its invasion.

    Ukraine provides another example. Immediately after Neocon, Deep State functionary and State Department plant Victoria “F**k the EU” Nuland launched the for-profit coup d’etat in Ukraine, 43 tonnes of the nation’s gold, worth $1.7 billion at $1,200 per ounce, were airlifted out of the country in the middle of the night and went missing.

    (As a side note, it is worth mentioning that while the cargo plane’s exhaust was dissipating into the Ukrainian atmosphere, Vice President Biden’s storied son, Hunter, miraculously appeared on the Board of Directors of Burisma Holdings, the largest private natural gas producer in Ukraine. Biden was joined by close friend Devon Archer, a lead fundraiser for by-then Secretary of State John Kerry’s 2004 presidential bid. Archer is also the former college roommate and current business partner of Kerry’s stepson, Christopher Heinz (an heir to the H. J. Heinz fortune). These two ascendancies to Burisma’s Board were curious, given that Biden and Archer had no natural gas production or Ukrainian business experience whatsoever, did not speak one word of Ukrainian and had never previously stepped foot in the country. This gives us better insight into the true nature of the Deep State’s murderous, gold-seeking and highly profitable coups.)

    While the perfectly-timed materializations of sovereign gold have plugged the Delivery Failure dike at various critical moments, there have been two persistent demand problems that have bedeviled the Deep State’s designs: Russia and China.

    China’s official gold reserves surged from 395 tonnes in Q2, 2000 to 1,838 tonnes in Q3, 2016. This number, impressive in itself, dramatically understates China’s actual, official gold reserves, which many well-informed analysts put at 5,000 tonnes, minimum. China’s official reserves do not include the thousands of additional tonnes imported into the country for the private sector during the same period.

    While the Deep State routinely pummels the paper price of gold both to mint fraudulent profits on the futures exchanges and scare financially naïve western citizens away from it, the Chinese government urges its citizens to buy gold, which they do by the millions of ounces. The Chinese government knows what is coming, and wants its citizens to be prepared. Apparently, capitalism and communism have traded places, which will result in an exorbitant cost to the people of the west.

    Meantime, Russia’s gold supply increased from 343 tonnes in Q2 2000 to 1543 tonnes in Q3, 2016.

    Remarkably, it increased by 508 tonnes from Q1, 2014 to Q3, 2016, alone. This occurred when Russian sanctions, which were intended to destroy Russia’s economy and currency, were in place. The sanctions were not only expected to halt Russia’s ongoing gold purchases, but also force them to sell some or all of their existing reserves in order to raise cash, which is exactly what Venezuela has been forced to do since early 2014.

    Chess Master Putin went in the exact opposite direction, by dramatically increasing the nation’s purchases of gold. This was unexpected and has put the Deep State on the defensive. It had counted on fresh supply from Russian to keep the supply – demand balance in equilibrium, and to prevent the Delivery Failure dike from breaching.

    One way the Deep State reacted to Russia’s unexpected, continued demand was to engineer the out-of-nowhere Indian rupee demonetization, which stripped the Indian people of the cash they have traditionally used to purchase gold. This plan was effective at reducing Indian gold demand in the beginning, but is now backfiring, just as the attempt to reduce Russian gold demand backfired.

    If China and Russia continue to buy gold at current rates, the only way the Deep State’s paper gold price manipulation fraud can continue is if other sovereign gold reserves are put into play, or, if physical demand is somehow diminished. While the Deep State is pursuing both tactics, their options are shrinking.

    Even though sovereign gold sale risks remain, the value of nations’ reserves at the current fake price of gold is absolutely meaningless when compared to their exploding debts.

    For example, Italy’s 2,452 tonnes of gold are worth $95 billion at $1,200 per ounce; the government’s debt is $2.45 trillion. France’s 2,436 tonnes are worth about the same, $95 billion; it national debt is $2.44 trillion. The same situation exists in virtually every western nation. Therefore, even if these countries were to sell all of their gold, it would not buy them any meaningful or lasting fiscal or financial relief whatsoever. There has never been a more pointless time for nations to sell their gold, particularly at today’s fake price.

    To further amplify this point, the United States is reported to own 8,133 tonnes of gold, supposedly the world’s largest stockpile. (We disagree; to us, the arithmetic is clear that China now owns more.) This is the equivalent of 261.5 million ounces troy ounces, or about 0.82 troy ounces per citizen. At $1,200 per ounce, the reserve is worth $314 billion. The nation’s actual, annual deficits are roughly $1 trillion per year, more than three times the value of the entire gold reserve. The nation’s existing debt and contingent, unfunded liabilities exceed $200 trillion. Therefore, the nation’s gold supply could only pay off 0.16%, or one sixth of one percent of the nation’s current obligations. If it has not already done so, the United States could sell every ounce of the people’s gold and it would not make one bit of difference to the nation’s fiscal situation.

    The U.S. gold reserve has not been professionally, comprehensively audited since 1953. We will not go into the U.S. gold audit topic here, because it has already been well documented. You can find the details with a simple search, if you wish to learn more. But we would like to point out something that is not typically noted.

    In order to create positive “optics,” the United States government consistently massages, manipulates and even totally misrepresents a wide variety of financial, economic and monetary statistics (such as GDP, unemployment, inflation, money supply, interest rates, retail sales and many others). These positive optics are viewed as being crucial to preserving confidence in the nation’s economy and fiat currency.

    Accordingly, one would expect that if the United States gold reserve actually exists, physically and unencumbered, the government would go out of its way to prove and advertise it, in order to create the favorable optics it spends so much time and effort engineering about everything else.

    Instead, they refuse to conduct a professional audit, invoking the truly ridiculous excuse that it would be too costly to do so. One specialist has estimated that a comprehensive, independent audit would cost $10 million, which is approximately 1 MINUTE of federal spending, literally. So the expense excuse makes no common sense, and arouses serious and legitimate suspicion about the true state of America’s gold reserve.

    The foregoing factors help explain the intensifying demonization and scapegoating of Russia. The Deep State needs to prevent Russia from continuing to buy gold in quantity, and is therefore intensifying its efforts to damage the country’s reputation, economy and currency.

    Based on these and several other factors, the Inferential Analytics model is signaling that there is a strong probability the Deep State’s gold price manipulation fraud is dying, and that the imbalance in physical gold supply is becoming systemic and reaching a point where it can no longer be bridged with sovereign, stolen or fake supplies. This increases the risk of futures market delivery failure. The occurrence of any significant endogenous event at this time, such as an unexpected military, social, economic or financial disruption, that provokes a further reduction in supply or even a modest increase in demand, would dramatically increase the probability of delivery failure and a resulting, necessary, sharp increase in the price of gold.

    The fact that the paper gold price manipulation fraud is reaching the end of the line due to deteriorating supply – demand fundamentals is exactly why we are seeing a radical, concurrent Deep State escalation of the War on Cash. Cashlessness is the Deep State’s upcoming Looting Field, and is designed to replace Gold market price fixing as its next, organized, long-term method of plunder. The elimination of cash will result in the largest looting spree ever orchestrated by the Deep State.

    Every time the Deep State hatches a new looting scheme, they dress it up in false righteousness, phony morality and motherhood. In the case of cash elimination, they say it is needed to fight terrorism, drug laundering, tax evasion and crime. This is a huge, concocted, pre-packaged lie; the same kind that Hitler and Goebbels used. Hitler said and proved that if you make the lie big, and repeat it again and again, the people will come to believe it. This is the exact kind of lie the Deep State is telling to push its corrupt, greed-diseased, epically evil cash elimination scam.

    While the Deep State demonizes Russia to perpetuate its gold price fixing profit center for as long as possible, it is simultaneously building, as fast as it can maximum security prisons for the people’s money. For the bricks, they intend to use your cash; for the mortar, they are mixing a stinking amalgam of their lies, corruption and greed. We can be sure of one thing: if we allow them to imprison our money in their cashless prisons, they will grind it into oblivion by fees and fraud, and our financial slavery will become inescapable. Please, do not underestimate what is happening all around you, and use your current quasi-freedom wisely.

    Stewart Dougherty
    March 2, 2017

    Stewart Dougherty is the creator of Inferential Analytics (IA), a forecasting method that applies to events proprietary, time-tested principles of human instinct, desire and action. In his view, forecasting methods not fundamentally based upon principles of human action are unlikely to be reliable over time. He is a graduate of Tufts University (BA) and Harvard Business School (MBA), is a 35+ year veteran of the business trenches and has developed IA over a period of 15+ years.

    http://news.goldseek.com/GoldSeek/1488571730.php
     
  14. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
  15. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
    Two Things Government Wants Desperately to Control – Gold and People

    -- Published: Friday, 17 March 2017

    By Rory Hall

    Yes governments can steal your gold and kill the people, that doesn’t mean they can control either. Look at what is happening in India –

    Prime Minister Narendra Modi’s government spent 16 months trying to persuade Indians to deposit their jewelry in the bank to earn interest, in an effort to curb soaring imports of the precious metal. But the program has only lured a tiny fraction of the $900 billion of gold that families and temples are estimated to have stashed away. On the other hand, Modi’s controversial decision to withdraw all high-value banknotes did the job instead. Source

    Taking away their cash has not worked. People are still acquiring gold. Maybe not as much, especially of the “official” persuasion, but they are still adding to their stack every single day.

    Gold doesn’t pay interest, remember? It is a barbarous relic held by central banks as a “tradition”, so I am little confused as to why the Indian government wants the 20,000+ tons of gold held by the people. Oh yeah, gold is money and represents freedom and independence – two things all governments hate. The Indians like their gold and want to keep it to protect themselves from thieving government officials.

    “The government tried, but the people are not coming forward,” Devendra Kumar Pant, chief economist at India Ratings & Research Pvt., the local unit of Fitch Ratings, said by phone from New Delhi. The government is under less pressure to fix it because “the position right now on the current-account side is relatively comfortable.” Source

    The Modi government thieves are demanding the people take their gold to an official assay company with a promise to return the gold or cash equivalent at the end of a specified “loan” period. Needless to say the Indians want nothing to do with this latest scheme to steal their gold.

    Under Modi’s plan, holders hand over that jewelry, or at least part of it, to a bank in return for interest payments on the value of the precious metal and a promise to return the equivalent amount of gold or cash at the end of the loan term.

    The customer first has to take the jewelry to an independent assay office nominated by the bank to verify its purity. The bank then sends the gold to a refiner before finding a buyer for the resulting bullion. At the moment, there are only about 440 assayers and 10 refiners across the country approved by the Bureau of Indian Standards. [Emphasis added] Source

    This is truly a scheme operating in plain sight and the sad part is, the government thieves believe the people are going to fall for this nonsense. The Indians have not trusted paper currency for hundreds, if not thousands, of years. What make Modi and his ilk think that today that is going to suddenly change? What an idiot.

    As if the scheme, that was unleashed on the people in 2016, when Modi announced the government would be eliminating 86% of all cash in the country was some type of confidence builder for the people. Did they really think the people would see this vicious act as a sign the government was now going to represent the people instead of the bankster criminals? Seriously?

    This latest scheme is going to fail just like all the other recent schemes have failed. The Indians will continue acquiring gold any way possible. The Indians will not trust the government to treat them with the respect they deserve nor will they believe anything the government says, especially about gold and currency. Why should they? With a track record like the one Modi is running on, it is a wonder the people listen at all. Oh, that’s right, they’re not.

    http://thedailycoin.org/

    http://news.goldseek.com/GoldSeek/1489759380.php
     
  16. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
    In broadcast to India, GATA secretary says free market in gold would enrich the country
    By: Chris Powell, Secretary/Treasurer, GATA
    In a broadcast from Singapore yesterday, CNBC's news channel affiliate in India, CNBC-TV18, gave your secretary/treasurer six minutes to assert that for the time being the gold price will be determined largely by surreptitious trading by central banks and that India's government should stop fighting the desire of its people for golden money. Your secretary/treasurer argued that while India is a developing country, with an estimated 24,000 tonnes of the monetary metal in private and temple possession, it might become the richest country if gold was allowed to trade without central bank interference.
     
    3glocks1stack and ^updated^ like this.
  17. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
    ^updated^ likes this.
  18. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
  19. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
    IMF Plan to Force a Cashless Society On World Unfolding – Here’s How
    April 8, 2017


    The IMF (International Monetary Fund)…has drawn up plans to force a cashless society upon all the people within IMF member nations. In their “The Macroeconomics of De-Cashing” it gives the following advice to governments who want to abolish cash against the will of their citizenry:

    • Move slowly; phase in the de-cashing in specific uncontested steps which give the impression that measures are based on individual consumer choice and cost-benefits considerations.
    • Avoid any attempts to impose de-cashing by a decree given the popular personal attachment to cash.
    • Implement a targeted outreach program to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks.
    The comments above & below are edited ([ ]) and abridged (…) excerpts from the original article by Rory Hall (TheDailyCoin.org)

    Read the full article here: http://www.munknee.com/imf-plan-to-force-a-cashless-society-on-world-unfolding-heres-how/
     
    Joe King likes this.
  20. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
    Cashless, Your Loan to the Banks: Who Gets “First Access to Your Money”

    Lauren Wright
    April 13th, 2017
    Activist Post

    This article was written by Lauren Wright and originally published at Activist Post.

    Editor’s Comment: Talk about control. The coming era of digital, cashless money is one in which the banking institutions and money creators hold all the power. No longer will cash and personal holdings do it; everyone must go through the system, and hold an account, just to do business.

    All transactions are automatically under scrutiny and de facto suspicion; everything you do is monitored and traced. Meanwhile, the purchasing power of that money once again resides largely with the banks, the fractional reserve system and the power to lend on fiat indefinitely.

    In A Cashless Economy, Your Money’s Never Idle Money

    by Lauren Wright

    The global financial crisis opened the world’s eyes on how dependent we were on the big banks. Today, we could be held as much hostage to the banking system as we were before, if not much more. As several countries push for a dematerialization of payment means, have we already forgotten the lessons learned after the crash?

    Many of the major banks in the U.S or in Europe still haven’t recovered fully from the multiple crashes and the collapse that shattered the system worldwide. At the time, many citizens realized how fragile the banking system was and they lost their trust. After Lehman Brothers’ bankruptcy many swore that never again they would allow the banks to play with their money like they had in the past. At the time, masses of several countries rushed to their banks to withdraw their assets and keep it in the form that seemed safer to them: cash.

    Today, however, the prophets of media and governments around the world have asked us to start saying goodbye to physical money. They want to go cash-free. The idea seems wonderful, no more heavy coins in our pockets and no more ‘cling cling’ sound from the laundry machine. Instead of it; cards, mobile wallets, e-payment systems. We would live in societies where all of our assets are kept in banks, but not physically.

    “When we deposit money in a bank, we are making a loan”(1) says Anat R. Admati professor of finance and economics at the Stanford Graduate School of Business. “JPMorgan Chase, America’s largest bank, had $2.4 trillion in assets as of June 30, and debts of $2.2 trillion: $1.2 trillion in deposits and $1 trillion in other debt. It was notable for surviving the crisis, but no bank that is so heavily indebted can be considered truly safe (…) outside of banking, healthy corporations rarely carry debts totaling more than 70 percent of their assets. Many thriving corporations borrow very little,” he added.

    After the crisis we received implicit guarantees from governments that the banks would not be allowed to continue such practices. Today “the tendency is go the same way that we were going before but with some speed limits” says Stephen Olaffson, professor at the University of Reykjavik.

    Even Ben S. Bernanke, chairman of the Federal Reserve, has acknowledged that the “too big to fail” problem has not been solved.

    Yet, by going cashless if that’s the road we decide to take, banks will again be the only option we have for our assets. For them, the interest is tremendous in seeing governments voting regulations on cash and overall seeing less banknotes and coins in circulation. In addition to the benefits of having fewer employees there is one more incentive for banks to adopt the cashless closed system of banking. Since banks make money with money, “the more money a bank can control, the more profit it can make.”

    Presently in U.S dollars alone, there are untold millions, if not billions of currency in circulation that are not under the control of any bank. This wealth is therefore in what we call the open monetary system; the system that would precisely disappear in a cashless world. All this money in circulation, under the mattresses, in pockets, piggy banks, dresser drawers and who know how many other places, would become history. In the coming cashless society, in order for one to be able to buy and sell, all money held by an individual must be deposited into the system regardless on how much trust the individual has for the banking system This means that all of the wealth that is now held by individuals will then be controlled by the banks and other financial institutions.

    Do we want to live in a society where we keep allowing banks to have the same practices that caused the collapse that all hurt us, this time with all of our assets? Today, the transition is already happening. And we can start to ask ourselves the question ‘whose money is it anyway?’. Many people have their paychecks and other income deposited directly into their financial account, have loan payments, bill payment made by electronic fund transfer. Once this closed system is fully implemented and, we, have become cashless, all deposits and payments will be done electronically. Individuals will no longer be the first to have access to their money.

    It is as scary as it sounds and banks love it. Pastor Guest wrote: “These are a few of the ways banks can make use of the cashless ‘closed’ monetary system to improve efficiency, security, and overall profitability. No doubt there are many other ways the banks and other financial institutions will be able to utilize the closed monetary system to maximize their profits.” It’s worth to think about it twice: whose money is it anyways?

    This article was written by Lauren Wright and originally published at Activist Post.

    Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.

    Please Spread The Word And Share This Post

    http://www.shtfplan.com/headline-ne...-who-gets-first-access-to-your-money_04132017
     
  21. edsl48

    edsl48 Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    963
    Likes Received:
    1,001
    Trophy Points:
    93
    The way I see it the war has already started. Consider that if you have some cash the police can confiscate via the Asset Forfeiture programs and then you, as an individual, have to prove the police that they are wrong. These fights can go on for years and have now gotten so active the avenue of seizing the autos used in DUI situations.
    Because of this I am often ponder that if some LEO would find someone's metal stash they could easily declare it as proceeds from an illegal activity, seize it and then it would be up to the individual to sue to get the stash back. The lawsuits I have read about are quite expensive and are even harder when one considers that the plaintiff in this case just had a large amount of their savings confiscated. It is a scary thought that someone's life savings in the metals could be taken away on a whim...but that's the way we seem to be headed these days. So as many of us say if you don't hold it you don't own it but in the consideration of the Asset Forfeiture programs if they find it I think there is a good possibility you might not own it either.
     
    andial, madhu, mtnman and 1 other person like this.
  22. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
  23. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
    CryptoGold and Thieving Banksters


    -- Published: Tuesday, 2 May 2017

    By Rory Hall

    In order for the central bank ponzi scheme of fiat currency to work, especially on a global basis, the central banks learned early on that gold was the enemy of their scheme and, therefore, must be eliminated from the monetary system. The first real step was Executive Order 6102 in 1933. This was just 20 years after the hijacking of the United States.

    This was one of the major first steps to eliminating competing currencies with the Federal Reserve Note / U.S. dollar owned by and sold to the U.S. Treasury through the Federal Reserve Bank.

    I’m ask on a regular basis “when is the economic collapse going to happen?” I answer this question the exact same way every time. You can either look to 1913 when the United States was hijacked by the Federal Reserve System or you can use the 2007-2008 derivatives meltdown that is still ongoing. It is a process, not an event. Below are some of the known steps to keep the power in the hands of the thieving central banks and strip us of all our remaining freedoms, sovereignty and dignity we have left.

    It’s not uncommon for hard money realist to be in the cryptocurrency camp. Personally, I have never been in favor of cryptocurrencies as they play into the hands of the banking cabal. Once the banksters move society to a digital currency and outlaw physical cash our enslavement and permanent indebtedness will be finalized. While there are a number cryptocurrency advocates, that I respect, it seems they are overlooking the fact that central banks are known thieves, liars and have never allowed a currency to compete with their criminal operation. Why would that change simply because of the internet?

    That’s why the guys from bitcoin drive me nuts. Because they think “Oh this is how we’re going to be free“. No, you’re prototyping Mr. Globals digital currency. ~Catherine Austin-Fitts Source

    We first reported about a new central bank cryptocurrency in August 2016 – Digital Enslavement – Central Banks Cryptocurrency Has Arrived. This new cryptocurrency was designed specifically for central bank settlements using the blockchain for three of the criminal banks that operate outside of any national sovereignty – these banks are beholding to no one except their owners, the BIS. UBS, Deutsche Bank and BNY Mellon. There are two other entities involved with the development of this cryptocurrency but it appears they are not part of the global enslavement team.

    We summarized how these goals would be accomplished by the central banks and how the central banks are working together to ensure global compliance to the cashless scheme.
    • the global banksters have expressed a desire to move to a cashless society
    • we were told in 1988 the world would move to a one world currency
    • in 2012 the IMF accepted a global bank bail-in program designed around the events that occurred in Cyprus
    • development and funding of the AIIB as an alternative to current global banking cabal
    • the largest economies in the world, with the exception of the U.S. are members of the AIIB
    • the global banking cabal consisting of the IMF, BIS and World Bank have expressed a desire to move away from the world reserve currency system
    • China has been working in conjunction with the IMF to develop and launch a new SDR global bond that can be converted into currency
    • development and launch of a new cryptocurrency designed and built to utilize a variety of the most used currencies in the world
    • the new cryptocurrency is designed to be used at the central bank level
    This is a complicated issue and without a majority of nations around the world joining the party the cashless scheme will not work. Compliance is mandatory and getting nations to understand this may take longer than most people understand. China already uses a digital currency and has all but eliminated cash. The U.S. military uses digital payment system, so we are already seeing a move in the direction of digital currency. China’s population represents one-in-seven people on the planet with the U.S. military industrial complex representing another measurable percentage of the global population.

    One doesn’t have to look too far to see how digital transactions are already taking over. We discussed this issue at length in Cashless World: 1 out of 3 People Never Use Cash where we detailed how the people around the world are already doing the bidding of the banking cabal.

    If you have any misguided notion that a cashless society is not coming, just keep telling yourself that every time you use a debit card, credit card or your phone for your next purchase. With the elimination of cash we effectively hand over our individual human sovereignty to the banks and the government. Source

    The melding of gold and the blockchain

    On April 11, 2017 the CME Group (Chicago Mercantile Exchange) in partnership with the Britain’s Royal Mint announced the two were developing a blockchain based gold trading platform.

    CME Group announced on Tuesday that the new platform, built with technology companies AlphaPoint and BitGo, was being tested by a select group of “major financial institutions,” and is on schedule for launch this year.

    The new platform will allow institutions to trade “Royal Mint Gold,” or RMG, a new digital token issued by the Royal Mint, which makes Britain’s coins.Source

    This is a huge announcement for the cashless society advocates. In order to control currencies, you must first control gold. The fact that a U.S. based company is working with the United Kingdom instead of the United States is another major factor in this scheme. While the CME Group, based in Chicago, could have worked with the USMint, they instead are working with Britain’s Royal Mint. This crime ties the US and the UK together to satisfy the global governance rules set fourth by the Bank for International Settlement.

    If we review and take into account the actions by India’s Prime Minister Modi in late 2016 we see how the ties-that-bind are coming together. The past serval years the Indian government has attempted to steal the gold held by the citizens through various taxes, paper ponzi schemes and the latest attempt to slow the flow of gold into the country, elimination of “large” bank notes under the guise of “curbing corruption”.

    Prime Minister Modi eliminated the two largest bank notes in circulation in India. This effectively eliminated more than 80% of all cash in circulation within just a few weeks. India was a cash based society with more than 85% of all transactions conducted used cash. The Indian population have the single largest hoard of gold in the world. It is estimated the citizens account for more than 20,000 tons of physical gold. It is part of their culture, heritage and understanding of criminal governments that like to steal the citizens wealth.

    The actions of the Indian government, combined with the announcement of CME/Britain Royal Mint gold blockchain makes one wonder if this is the next attempt to get the people of India to turn over their gold. The western central banks are running out of physical gold to ship into China, Russia and India. If these criminal western banksters can convince the Indian people to use the “safety and security” of the blockchain and deposit their gold at their friendly local bank, then we will have a major problem with gold. This would, in my opinion, be the end of our sovereignty. The banksters will have won by effectively stealing most of the worlds gold. If China/Russia/BRICS are planning on using a gold backed currency, they had better bring it to the table more sooner than later.

    http://thedailycoin.org/2017/04/30/cryptogold-and-thieving-banksters/

    http://news.goldseek.com/GoldSeek/1493733900.php
     
  24. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    113,780
    Likes Received:
    35,435
    Trophy Points:
    113
  25. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,005
    Likes Received:
    10,229
    Trophy Points:
    113
    We keep hearing about the war on gold, debt worldwide is so immense I dont see how gold could ever be valued high enough to compensate for the debt.
     
    TAEZZAR and Merlin like this.
  26. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

    Joined:
    May 16, 2014
    Messages:
    1,680
    Likes Received:
    1,152
    Trophy Points:
    113
    At this point, it would have to be upwards of $9,000 an oz.
     
  27. Joe King

    Joe King Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    3,561
    Likes Received:
    3,307
    Trophy Points:
    113
    Location:
    Instant Gratification Land
    Hmm, that seems likely.
     
  28. Area51

    Area51 Silver Miner Seeker

    Joined:
    Oct 23, 2012
    Messages:
    643
    Likes Received:
    375
    Trophy Points:
    63
    There's only two ways to deal with the debt - - massive hyperinflation or a jubilee.

    Doing the "honourable" thing and paying it all back at today's level has never - - and will never - - be an option.
     
  29. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,005
    Likes Received:
    10,229
    Trophy Points:
    113
    I think the real number would be over 50k an ounce
     
    mispillion and TAEZZAR like this.
  30. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

    Joined:
    May 16, 2014
    Messages:
    1,680
    Likes Received:
    1,152
    Trophy Points:
    113
    Even at $9,000 an ounce, I can't imagine there wouldn't be some sort of horrible devaluation of the dollar, to the point that it would be almost worthless.

    An oz of gold has always had the ability to purchase the following: a fine tailored men's suit with shoes, and a night out on the town with your friends. (I know it's a loose definition, but it's surprisingly accurate)
     
    TAEZZAR likes this.
  31. madhu

    madhu Silver Member Silver Miner

    Joined:
    Apr 2, 2010
    Messages:
    715
    Likes Received:
    334
    Trophy Points:
    63
    Jubilee for the big banks and the well connected.
     
  32. Cigarlover

    Cigarlover Gold Member Gold Chaser

    Joined:
    Dec 18, 2011
    Messages:
    2,261
    Likes Received:
    2,589
    Trophy Points:
    113
    Cashless society will probably never happen. Just like bitcoin, it's one emp away from complete failure. And before you say that will probably never happen just keep in mind the last major one was in the 1800's and if it happened again today the power grid would be toast.
     
  33. southfork

    southfork Mother Lode Found Mother Lode

    Joined:
    Mar 31, 2010
    Messages:
    13,005
    Likes Received:
    10,229
    Trophy Points:
    113
    A quick yahoo search says there is currently around 230t in world debt and 5.3 billion ounces of gold, that says around 45k per ounce and you know the debt is really much higher and the amount of real gold much lower.
     
    TAEZZAR likes this.
  34. TAEZZAR

    TAEZZAR LADY JUSTICE ISNT BLIND, SHES JUST AFRAID TO WATCH Midas Member Site Supporter

    Joined:
    Apr 2, 2010
    Messages:
    9,980
    Likes Received:
    15,051
    Trophy Points:
    113
    Location:
    ORYGUN
    I hope you are correct, BUT I have my doubts.
    The banksters/gov. want complete control & a cashless society would give it to them.
    They eventually get what they want.
    I wish we could give them what they deserve !!!
     
    sandblaster, Cigarlover and southfork like this.
  35. Area51

    Area51 Silver Miner Seeker

    Joined:
    Oct 23, 2012
    Messages:
    643
    Likes Received:
    375
    Trophy Points:
    63
    All currency is worthless, my friend. It's just that some is more worthless than others.

    The only Canadian money with value are the gold and silver maple leafs and the $20 silver coins. Our paper currency is just as garbage as American paper currency.
     
    Alton and TAEZZAR like this.
  36. Joe King

    Joe King Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    3,561
    Likes Received:
    3,307
    Trophy Points:
    113
    Location:
    Instant Gratification Land
    As long as you can use it to acquire things you need, I'd contend they're not exactly worthless. However, if you see no wotrh at all in your paper currency, you should have no problem putting all of them you get in an envelope and mailing them to me. I'll even pay the postage. How 'bout it? Will you send me your utterly worthless paper? Or are your Notes made outta plastic now? Either way though, I will take them off your hands. This will be a win-win for both of us.
     
  37. Joe King

    Joe King Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    3,561
    Likes Received:
    3,307
    Trophy Points:
    113
    Location:
    Instant Gratification Land
    Yes, that would truly suck and one of the reasons something like btc exists. You could be sitting on millions as the search ensues to shake you down for cash or metals, but they'll never find the key that unlocks those millions because it's a password that only you know about.

    So even if cash is banned, it'll just become even harder to seize assets in such a manner because eventually people will catch on and start protecting their assets in ways the po-po just can't get to.
     
  38. solarion

    solarion Gold Member Gold Chaser

    Joined:
    Nov 25, 2013
    Messages:
    3,206
    Likes Received:
    4,783
    Trophy Points:
    113
    ...but EMP Joe...E.M.P.!!!

    I couldn't make it through that video searcher. I tried, but the guy is basically just saying...gumbymint is going to act like the mafia. This I know, and that's why it's better to have some bitcoin. ...and no I don't wish to swap my bitcoin, litecoin, zeitcoin, ethereum classic, etc for fedcoin. If I don't trust the author of a particular blockchain then I pass. Anything coming from the federal regime is sure to have plenty of strings attached.
     
  39. Area51

    Area51 Silver Miner Seeker

    Joined:
    Oct 23, 2012
    Messages:
    643
    Likes Received:
    375
    Trophy Points:
    63

    You really believe it'd be easier for the government to confiscate everyone's gold and silver than it would be to confiscate everyone's cryptocurrency?
     
  40. Joe King

    Joe King Gold Member Gold Chaser

    Joined:
    Mar 31, 2010
    Messages:
    3,561
    Likes Received:
    3,307
    Trophy Points:
    113
    Location:
    Instant Gratification Land
    Absolutely. If something is in a physical lump that everyone can see, it's easy for someone to take it. On the other hand, how does one have a key confiscated that only they know about?

    Your house car and pockets can all be searched by a guy with a gun. Your brain? Not so much, unless you want to help them shake you down.
     

Share This Page