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The Globalists Strike Back With A Major Push Toward A Cashless Society

February 18th, 2017 by

http://theeconomiccollapseblog.com/archives/the-globalists-strike-back-with-a-major-push-toward-a-cashless-society

Cashless SocietyBy Michael Snyder

Their agenda may be on the rocks in the United States at the moment, but that doesn’t mean that the globalists are giving up.  In fact, a major push toward a cashless society is being made in the European Union right now.  Last May we learned that the 500 euro note is being completely eliminated, and just a few weeks ago the European Commission released a new “Action Plan” which instructs member states to explore “potential upper limits to cash payments”.  In the name of “fighting terrorism”, this “Action Plan” discusses the benefits of “prohibitions for cash payments above a specific threshold” and it says that those prohibitions should include “virtual currencies (such as BitCoin) and prepaid instruments (such as pre-paid credit cards) when they are used anonymously.”

This new document does not mention what an appropriate threshold would be for member states, but we do know that Spain already bans certain cash transactions above 2,500 euros, and Italy and France already ban cash transactions above 1,000 euros.

This is a perfect way to transition to a cashless society without creating too much of an uproar.  By setting a maximum legal level for cash transactions and slowly lowering it, in effect you can slowly but surely phase cash out without people understanding what is happening.

And there are many places in Europe where it is very difficult to even use cash at this point.  In Sweden, many banks no longer take or give out cash, and approximately 95 percent of all retail transactions are entirely cashless.  So even though Sweden has not officially banned cash, using cash is no longer practical in most situations.  In fact, many tourists are shocked to find out that they cannot even pay bus fare with cash.

So most of Europe is already moving in this direction, and now this new Action Plan is intended to accelerate the transition toward a cashless society.  The public is being told that these measures are being taken to fight money laundering and terrorism, but of course that is only a small part of the truth.  The following comes from the Anti-Media

The European Action Plan doesn’t mention a specific dollar amount for restrictions, but as expected, their reasoning for the move is to thwart money laundering and the financing of terrorism. Border checks between countries have already been bolstered to help implement these new standards on hard assets. Although these end goals are plausible, there are other clear motivations for governments to target paper money that aren’t as noble.

In a truly cashless society, governments would be able to track where everybody is and what everybody is doing all the time.  And in order to have access to the cashless system, people would have to comply with whatever requirements governments wanted to impose on their helpless populations.  The potential for tyranny that this would create would be off the charts, but very few people seem greatly alarmed by the move toward a cashless system all over the globe.

Even in the United States there are calls for a cashless system.  For example, the former chief economist for the IMF wrote an article for the Wall Street Journal not too long ago in which he recommended the elimination of the $100 bill

“There is little debate among law-enforcement agencies that paper currency, especially large notes such as the U.S. $100 bill, facilitates crime: racketeering, extortion, money laundering, drug and human trafficking, the corruption of public officials, not to mention terrorism. There are substitutes for cash—cryptocurrencies, uncut diamonds, gold coins, prepaid cards—but for many kinds of criminal transactions, cash is still king. It delivers absolute anonymity, portability, liquidity and near-universal acceptance.”

Over in Asia restrictions are being put on cash as well.  Legendary investor Jim Rogers commented on what is currently happening in India during one recent podcast

The time will come when you won’t be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds.

“Governments are always looking out for themselves first, and it’s the same old thing that has been going on for hundreds of years. The Indians recently did the same thing. They withdrew 86 percent of the currency in circulation, and they have now made it illegal to spend more than, I think it’s about $4,000 in any cash transaction. In France you cannot use more than, I think it’s a €1,000,” said Rogers in an interview with MacroVoices Podcast.

The reason why this is taking place all over the planet is because this is a global agenda.

The globalists ultimately plan to completely eliminate cash, and this will give them an unprecedented level of control over humanity.

One thing that many fear may someday be implemented is some form of microchip identification system.  In order to access the cashless grid, you would need your “ID chip” so that the system could positively identify you, but of course there are millions of people around the world that do not intend to get chipped under any circumstances.

In the old days, you would be labeled a “conspiracy theorist” just for suggesting that they may try to chip all of us one day, but in 2017 things have completely changed.

Just look at what is happening in Nevada.  A bill has been introduced in the state senate that would outlaw the “forced microchipping of people”

State Sen. Becky Harris said a bill to prohibit forced microchipping of people is not as far-fetched as it might seem, because it happens in some places around the world.

Senate Bill 109 would make it a Class C felony to require someone to be implanted with a radio frequency identifier, such as microchips placed in pets.

The idea for the bill came from a constituent, the Las Vegas Republican said.

If that sounds very strange to you, then you may not know that companies all around the globe are already starting to explore this type of technology.  For instance, a company in Belgium called NewFusion has actually begun to microchip their employees

In a move that could be lifted straight from science fiction, workers at a Belgian marketing firm are being offered the chance to have microchips implanted in their bodies.

The chips contain personal information and provide access to the company’s IT systems and headquarters, replacing existing ID cards.

The controversial devices raise questions about personal security and safety, including whether they may allow the movements of people with implants to be tracked.

Technology like this often starts off being “voluntary”, but then after enough people willingly accept it the transition to “mandatory” is not too difficult.

We live at one of the most critical moments in all of human history, and the globalists are certainly not going to lay down and die just because Donald Trump won the election.

The U.S. represents less than five percent of the population of the planet, and in most of the world the agenda of the globalists is on track and is rapidly advancing.

The globalists want a unified one world economy, a unified one world religion and a unified one world government.  The election of Donald Trump was a blow to the globalists, but it has also made them more dangerous, more ruthless and more determined than ever before.

And in case you think that using the term “globalists” is a bit strange, the truth is that even the New York Times is using it to describe the global elite and their global agenda.

We are in a life or death battle for the future of our society, and the globalists are never going to give up until they get what they want.  So now is not a time for complacency, because the very future of our country is at stake.

Olddogs Comments!

There is no doubt in my mind that humanity has already been surreptitiously adjusted to accept annihilation. How else can one explain the nearly total lack of outrage? The apparent lack of interest in what the globalist intend to do to the whole planet is mind numbing. By any sense of concern for their future, humanity as a whole should be clamoring for their heads. Trump should be assembling a military strike on every globalist wherever they are. It’s not like there is no proof what they have done and their goals, so why is the whole damn world sitting on their ass?

DID SECESSION HASTEN THE END OF SLAVERY?

December 27th, 2016 by

http://www.rebelmadman.com/?m=201610

BY Michael Gaddy

*Author’s note: There is a question which deserves much more attention than it receives: Considering Lincoln was willing to make slavery perpetual and to remove it from even congressional action with the Corwin amendment in order to “preserve the Union,” had the Southern states repealed their secession, when would slavery have ended? Not rejoining a Union in which slavery would be perpetual is proof positive the war was not about slavery, nor did the South secede to protect slavery. I believe a substantial case can be made that had the Southern states not seceded and had in fact rejoined Lincoln’s precious Union, slavery would have existed much longer in this country than it did.

“I have no purpose, directly or indirectly, to interfere with the institution of slavery in the States where it exists. I believe I have no lawful right to do so, and I have no inclination to do so.” Abraham Lincoln, First Inaugural Address, March 4, 1861.

When Abraham Lincoln took office in March of 1861, this country had observed as legal the institution of chattel slavery for its entire existence. President Lincoln, having secured not one electoral vote from the Southern States declared in his First Inaugural Address that it was his full intention to use the power of the presidency to perpetuate and protect that onerous institution “in the states where it exists.”

Certainly not taught in our government schools is the fact that two days before Lincoln took the Oath of Office of President, a proposed amendment to the Constitution referred to as the Corwin Amendment passed both houses of Congress and was being sent to the states for ratification. Lincoln spoke of his support for this amendment in his Inaugural address on March 4.

“I understand a proposed amendment to the Constitution—which amendment, however, I have not seen—has passed Congress, to the effect that the Federal Government shall never interfere with the domestic institutions of the States, including that of persons held to service. To avoid misconstruction of what I have said, I depart from my purpose not to speak of particular amendments so far as to say that, holding such a provision to now be implied constitutional law, I have no objection to its being made express and irrevocable.”

History shows that Lincoln was not being truthful when he stated he had not seen the proposed amendment which had passed both houses of congress. Author Doris Kearns-Goodwin in her “political biography” of Abraham Lincoln titled Team of Rivals states the following on page 296.

“He [Lincoln] instructed Seward to introduce these proposals in the Senate Committee of Thirteen without indicating they issued from Springfield. The first resolved that ‘the Constitution should never be altered so as to authorize Congress to abolish or interfere with slavery in the states.’ Another recommendation that he instructed Seward to get through Congress was that ‘all state personal liberty laws in opposition to the Fugitive Slave Law be repealed.”

Dr. Thomas DiLorenzo, author of The Real Lincoln and Lincoln Unmasked declared that Lincoln not only was aware of the proposed amendment but, was in fact, its author. Below is the text of that amendment which was authored/endorsed by Lincoln, passed by both houses of congress and sent personally to the governor of each state by Lincoln himself, proof of which was discovered in 2006 in a museum in Allentown, PA.  This critical piece of history is available in the records of the U.S. House of Representatives, 106th Congress, 2nd Session, The Constitution of the United States of America, Doc. No. 106-214.

“No amendment shall be made to the Constitution which will authorize or give to Congress the power to abolish or interfere, within any State, with the domestic institutions thereof, including that of persons held to labor or service by the laws of said State.”

Prior to Lincoln’s military invasion of the South, Lincoln had done everything within his power to make chattel slavery perpetual throughout the entire country. He had also instructed his Secretary of State William H. Seward to work on federal legislation that would outlaw any attempts to nullify the Fugitive Slave law. Several states in the North had passed laws to prohibit the federally mandated return of fugitive slaves. Lincoln wanted a federal law that would counter such legislation by the states.

Lincoln was more than willing to make the enslavement of the black race perpetual–if it would preserve the Union.

Looked upon by an intelligent eye rather than an emotional one, Lincoln’s Emancipation Proclamation, which he issued twice, must be seen as simply another political maneuver to preserve/restore the union.

If I could save the Union without freeing any slave, I would do it; and if I could save it by freeing all the slaves, I would do it. …What I do about Slavery and the colored race, I do because I believe it helps to save this Union.” ~Lincoln in an open letter to Horace Greeley, which appeared in the New York Tribune on August 22, 1862.

Here, again, in his own words, Lincoln states that Slavery was not his primary interest. Lincoln’s primary goal was the preservation of the Union which would protect the interests of the Socialists in his cabinet and armed forces who were the founders of the Republican Party.

The now grossly misunderstood and misrepresented Emancipation Proclamation was political BS plain and simple. The edict freed only the slaves in the states in which Lincoln had no control. It did not free any of the slaves that were currently under the control of the Union Army in occupied territory in any of the Southern states. The questions must be asked: if the Union forces had not achieved what Lincoln considered to be a victory at Antietam, would he have issued the proclamation? If the Army of Virginia had won a demonstrative victory at Antietam, when would Lincoln have issued such a proclamation, if ever?

In Lincoln’s own words to Greeley, he stated he would willingly continue slavery if it would lead to the preservation of the Union. Prior to the beginning of the war, Lincoln wrote and endorsed a proposed amendment to the Constitution which would have prohibited Congress from ever abolishing or interfering with the institution of slavery. In addition, he ordered the effort be made to create a federal law that would nullify any state law that prohibited the return of fugitive slaves. The fact this same man is now referred to as the “Great Emancipator” is a great illustration of the gullibility and ignorance of the masses in our country. Adolph Hitler had the misfortune of coming to power in the wrong country.

Still, the most important question that could be asked is this; If the Southern states had not seceded; if the Union had been preserved without a war; at what point in the history of this country would a new constitutional amendment have been proposed and passed that would have freed the slaves?

Simply stated, if the South had not seceded and defended themselves from the invasion of Union forces, slavery would have been extended in our country indefinitely; the Corwin Amendment guaranteed that. It was the threat of a break-up of the Union and not any act by Abraham Lincoln and his socialist cronies that led to emancipation.

The credit for emancipation should be given to those who challenged and fought against Lincoln, not to the president who “destroyed the Constitution in order to preserve it.” Lincoln’s actions and a war that killed almost a million Americans; a war to ensure a country indivisible, were praised by Karl Marx and Adolph Hitler–need I say more?

Dr. Thomas DiLorenzo:

“Lincoln used war to destroy the U.S. Constitution in order to establish a powerful central government…” This is certainly a strong statement, but in fact Lincoln illegally suspended the writ of habeas corpus; launched a military invasion without consent of Congress; blockaded Southern ports without declaring war; imprisoned without warrant or trial some 13,000 Northern citizens who opposed his policies; arrested dozens of newspaper editors and owners and, in some cases, had federal soldiers destroy their printing presses; censored all telegraph communication; nationalized the railroads; created three new states (Kansas, Nevada, and West Virginia) without the formal consent of the citizens of those states, an act that Lincoln’s own attorney general thought was unconstitutional; ordered Federal troops to interfere with Northern elections; deported a member of Congress from Ohio after he criticized Lincoln’s unconstitutional behavior; confiscated private property; confiscated firearms in violation of the Second Amendment; and eviscerated the Ninth and Tenth Amendments.”

Lincoln and the radical republicans who put him into office held our Constitution in contempt. They knew the Southern states were seceding because of the government’s unconstitutional actions. The South was willing to leave the Union in order to protect their rights under the Constitution.

OK, Rebel, where is your proof Lincoln and the republicans held our Constitution in contempt and as an impediment to their goals and agenda? As the saying goes, “read em and weep.”

Members of Lincoln’s cabinet referred to the Constitution as “the tail of a paper kite” and “the rotten tail of a Virginia abstraction.” The above are credited to Lincoln’s Secretary of War, Edwin Stanton, as is this quote from Stanton, “A written constitution is dangerous to those of the North, for the South is using it as a shield.”

Wendell Phillips, a Boston lawyer and abolitionist said this of the North and the US Constitution, “We confess that we intend to trample underfoot the Constitution of this country.”  Phillips also quoted Daniel Webster as saying the “people of New England are a law-abiding people.” To this Phillips stated, “But I say we are not a law-abiding community. God be thanked for it.”

Thaddeus Stevens, a radical republican member of the US House of Representatives from Pennsylvania was even more emphatic. “The talk of restoring the Union like it was, and the Constitution as it is, is one of the absurdities which I have heard repeated until I have become sick of it. There are many things which make such an event impossible. This Union never shall, with my consent, be restored under the constitution as it is …” “The Union as it was and the Constitution as it is–God forbid it. We must conquer the Southern states and hold them as conquered provinces.”

So, the war was not about slavery, it was about collecting a protectionist tariff and the destruction of the country “under the Constitution.” Those who continue to parrot the opposite are physical slaves to a godless, constitution–less, government and its willing shills and sycophants. More alarming, they are also mental slaves.

IN RIGHTFUL REBEL LIBERTY

Mike

OLDDOGS COMMENTS!

It is beyond belief what government controlled education has done to America, for if three generations back had had access to the truth on a nation wide scale they surely would have revolted. Nothing is harder to understand than the present ignorance of true American history. If more people would read the real history of America it would still be a possibility. And one that I would support with my whole being, because this Nation is governed by the most vicious gang of thieves ever to control a nation. The most dangerous thing to any country is the complacency of the people. A few hours of the peoples time reading our true history would infuriate them to the point of rebellion, and leave the Banking Cartel hanging by their throats. Today the average citizen is so self centered or infatuated with entertainment they are unaware of what is and has destroyed our knowledge of what a Nation of free States should and could be. The media industry took up the lies after government schools had prepared our children to be worthless protectors of freedom by instilling a false sense of patriotism by wars against other Nations, and a total misunderstanding of the purpose of governments. We started off by being independent human beings and gradually became willing slaves and ignorant of the power banking would have over the people and their government. You do not have to remain ignorant today because of the works of real patriots like this author and several others who have the courage to not remain ignorant. I recommend to all who can still think to read this book: You Know Something is Wrong When…..: An American Affidavit of Probable Cause (Paperback) by Judge Anna Maria Riezinger & James Clinton Belcher

http://www.amazon.com/gp/product/1491279184/ref=cm_cr_asin_lnk

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Federal Reserve Initiates End Game As Trump Heads To White House

December 22nd, 2016 by

http://alt-market.com/articles/3091-federal-reserve-initiates-end-game-as-trump-heads-to-white-house

12-22-2016-12-36-41-pmBy Brandon Smith

For years, alternative economic analysts have been warning that the “miraculous” rise in U.S. stock markets has been the symptom of wider central bank intervention and that this will result in dire future consequences. We have heard endless lies and rationalizations as to why this could not be so, and why the U.S. “recovery” is real.  At the beginning of 2016, the former head of the Dallas branch of the Federal Reserve crushed all the skeptics and vindicated our position in an interview with CNBC where he stated:

“What the Fed did — and I was part of that group — is we front-loaded a tremendous market rally, starting in 2009.It’s sort of what I call the “reverse Whimpy factor” — give me two hamburgers today for one tomorrow. I’m not surprised that almost every index you can look at … was down significantly.” [Referring to the results in the stock market after the Fed raised rates in December.]

Fisher continued his warning (though his predictions in my view are wildly conservative or deliberately muted):

“…I was warning my colleagues, “Don’t go wobbly if we have a 10-20 percent correction at some point. … Everybody you talk to … has been warning that these markets are heavily priced.”

Here is the issue stocks are a mostly meaningless factor when considering the economic health of a nation. Equities are a casino based on nothing but the luck of the draw when it comes to news headlines, central banker statements and algorithmic computers. Today, as Fischer openly admitted, stocks are a purely manipulated indicator representing nothing but the amount of stimulus central banks are willing to pour into them through various channels.

Even with the incredible monetary support pooled together by international financiers, returns on equities investments continue to remain mostly flat.  It would seem that the propping up of indexes like the Dow has been only for the sake of keeping up appearances. For many people, revenue is barely being generated.

Unfortunately, the majority of Americans do not care to educate themselves on the finer points of finance. Their only relation to the health of the economy is their daily glance at the Dow. If it is green, or at all time highs, they assume that all is well, even if their gut is telling them something is not quite right.

The elites that stand at the helm of the Federal Reserve understand this dynamic very well. They are not stupid. They know that the whole of the global economy could be in a shambles but as long as stocks remain positive the masses will continue to ignore reality until the flames of destabilization are at their very doorsteps.

With this fact in mind one might think that the Fed would consider it in their best interest to keep stimulus measures operating indefinitely; but that is not what they are doing.

In fact, the Fed along with other central banks like the ECB has been slowly peeling back pillars of support from markets that have been in place since 2008-2009 and leaving the system open to a crisis event that should have been dealt with years ago. I examined this process of deliberate destabilization in my article ‘The Global Economic Reset Has Begun.’

In that piece I outlined the three major pillars holding up the U.S. market system and certain parts of our economy and how they were being systematically removed. The first pillar was the use of bailouts and quantitative easing measures. These were diminished through the implementation of the Fed “taper,” which I predicted would happen three months prior that year.

The second pillar was the use of near zero interest rates, which allowed numerous banks and corporations to access low-cost and no-cost overnight loans from the Fed. These companies then used these loans in large part to support a never-ending program of stock buybacks, which reduced the stock pool and artificially boosted the values of the remaining stocks.  I predicted in August of 2015 that the Fed would hike interest rates and that this would be the beginning of the end for the stock buyback bonanza. The Fed hiked rates in December of that year.

This process of removing backdoor manipulation through low interest rates should be our main concern right now. Early in 2016 I believed that the Fed would reach a position in which it would finally unleash a series of rate hikes. I did not think they would be so blatant as to wait until right after the U.S. presidential election to do so. I was wrong.

This is why I eventually predicted the launch of a series of rate hikes starting right after the election of Donald Trump in my article ‘World Suffers From Trump Shell Shock  Here’s What Will Happen Next.’ The Fed has now once again hiked interest rates with assertions that they will be “accelerating” such hikes throughout 2017.

As I have been arguing for most of the past year, the election of Donald Trump was inevitable and would precede the triggering of the final stage of our ongoing economic crisis. I came to realize that the Fed’s timing of their latest rate hike is highly strategic. Not only does it set the stage for a series of hikes that will crush U.S. stock markets this coming year and finally shock the public out of their fiscal stupor, but it also maneuvers the crisis right into the lap of Donald Trump and the conservative movements that support him.

Beyond this, it perpetuates an increasing Left/Right division in America. Think about it  during a fiscal crisis under Trump, tiggered by accumulating Fed rate hikes, liberals will immediately set upon Trump as the culprit, while conservatives will immediately defend Trump as a victim of Federal Reserve meddling.

The Federal Reserve and the mainstream media are already composing the narrative by stating that Trump’s potential economic policies and a widening budget deficit would REQUIRE higher rates at a faster pace in order to be accommodated.

I have heard arguments from some that this tactic would simply not work. That people would “never buy” a narrative in which Trump and conservatives are blamed for a market collapse that was at least eight years in the making. I have to say, this view is incredibly naive.

I understand why people would want to embrace the notion that the public is as savvy as the liberty movement when looking at economic events, but this simply isn’t reality. A large portion of the U.S. population identifies with the “Left” end of the political spectrum. We have already seen how they react in the face of a Trump election win. They are predisposed to believe that Trump is responsible for a market crash regardless of the facts. Not to mention, much of the rest of the world is economically ignorant and will likely jump on the anti-conservative bandwagon during a crisis as well.

But the real master stroke of this strategy on the part of the elites is that it creates the perfect platform for the destruction of the U.S. dollar’s world reserve status  the third and final pillar I mentioned months ago that is supporting our economic system.

Imagine that the Fed’s rate hike frenzy sparks an open feud between the central bank and Trump? Some people might say “Good! Shut the bastards down!” However, this is exactly what the elites want. With the Fed “at odds” with the president of the U.S., faith in the U.S. dollar will plummet. Its world reserve status will be destroyed. And instead of being blamed on central banks, the majority of people around the world will claim it was the fault of Trump.

With a historically sufficient excuse for the end of dollar dominance in hand, the elites can move forward with their great global reset, which includes the replacement of the dollar with the IMF’s special drawing rights as the go-to reserve currency mechanism. The SDR basket is an essential bridge in the formation of a single global monetary authority and a true single global currency.

I believe that the Fed will not only continue hiking interest rates throughout 2017, but that some of these rate hikes may be LARGER than many people expect (50 basis points or more). I believe this will be designed to foster extreme tensions between the executive branch and the central bank.

A few months ago I would have said that Trump may or “may not” be aware of this dynamic and the potential that he is a scapegoat. Now that I have seen Trump’s cabinet picks which include neo-con and Goldman Sachs alumni, I have little doubt that he is fully cognizant of the plan.  I will be writing more on the issue of Trump as a “Trojan horse” in my next article.  In the meantime I would point out that all of the elements of psychological support for stock markets will also disappear in the face of a Trump verses establishment narrative.

All those leftist media outlets cherry picking economic stats and telling half truths to support the recovery lie now have no reason to continue cheerleading for the economy. I expect that propaganda rags like Reuters and Bloomberg will quickly change their tune with Trump in the Oval Office and begin a consistent chorus of negative financial data. Not only will the Fed remove all support from the system, but the mainstream media will be pounding day traders with the kind of “doom and gloom” headlines that they have been criticizing us for over the years.

Make no mistake, the election of Trump may have some in the liberty movement ready to pack up their preps and forget about any national crisis in their lifetimes, but the truth is, vigilance is needed now more than ever. I said it before the election and I’ll say it today  do not get comfortable; the times are about to get even more interesting.

If you would like to support the publishing of articles like the one you have just read, visit our donations page here.  We greatly appreciate your patronage.

You can contact Brandon Smith at:

brandon@alt-market.com

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The War on Cash and Then on Gold…

December 21st, 2016 by

https://www.lewrockwell.com/2016/12/clive-maund/war-cash-gold/

5-30-2016 12-01-46 PMBy Clive Maund

The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars worth of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008, thanks to the policy of solving liquidity problems near-term by creating even more debt and derivatives, Quantitative Easing being the most obvious example. However, while the majority consider the situation to be hopeless, there is actually “light at the end of the tunnel”.

If only a way could be found to freely tap the funds of savers at will, by imposing duties or taxes on bank accounts, with the additional option to appropriate savers’ funds on occasion as required, then the systemic liquidity problems will be solved. Banks need never fear solvency problems again and they can simply fall back on the account holder’s funds to meet any obligations. There are in fact already names for these restorative operations, they are called “bails-ins” and NIRP (Negative Interest Rate Policy).

Current Prices on popular forms of Gold Bullion

Unfortunately, any immediate attempt to implement bail-ins and NIRP on a large scale will backfire because, faced with being charged significant sums for the privilege of keeping their money in the bank, savers will simply withdraw their funds and keep them as cash at home, or maybe even invest in Precious Metals. It is, therefore, imperative that these escape routes are blocked off.

We have already seen an interesting “trial balloon” in recent years with respect to bails-ins. This was the celebrated Cyprus bail-in. When Cyprus banks were about to go belly-up a couple of years ago, they saved themselves by raiding customers’ accounts, which is more palatably described as a bail-in. The reaction of global savers to this action by the Cyprus banks was one of horror and revulsion and they made it plain that they weren’t going to stand idly by and watch banks plunder their funds – they would withdraw them as cash if any such threat should appear over the horizon. This reaction set the great minds of the banking community to work on how to stop savers withdrawing their funds in the face of these threats. The solution was and is simple – abolish cash! Thus we have seen a production of the 500 Euro note in the European Union stopped so that it gradually fades into oblivion and in the US Larry Summers has proposed the abolition of the $100 bill, which accounts for most of the money in circulation. The idea is to implement the policy for a global cashless society in stages – if it is done all at once the public will revolt. They need to be trained to go cashless and this will take time. By starting with high denomination notes you actually remove most of the currency in circulation at a stroke, but the masses can still buy cigarettes and candy bars at street corner shops with small denomination notes. The excuse given for the removal of the notes is that it impedes organized crime and money laundering etc, which is, of course, a convenient smokescreen.

With plans for a cashless society already well advanced, it was time for another trial balloon. India was selected. Anxious to demonstrate his credentials as a card-carrying member of the New World Order, and oblivious to the effects of the operation on the hapless citizenry of his country, Indian Prime Minister Narendra Modi went ahead with the withdrawal of two key banknotes. This caused chaos across the country, especially in rural areas where many don’t even have bank accounts, and citizens often had to travel long distances to get to banks to change these banknotes, only to find that the banks had in many cases run out of smaller denomination notes. Despite the economic dislocation and suffering experienced by the masses including some deaths, the experiment was deemed a success by the elites, as they had gotten away with it, with the cowed and impotent citizenry accepting it as their fate – what they should have done is rioted until the measures were withdrawn. Globally, the plan, therefore, is to keep chipping away at it until the cashless society is universally accepted, the only cash likely to remain being small denomination notes and coins suitable for paying street vendors and bus fares etc.

The arrival of the cashless society will not only mean that banks will be able to avail themselves of citizens funds as and when they please, it will also mean that the banks, and by extension, the government, will know all your financial business, what you do and when. Tax evasion will be impossible, and eventually, you will not be able to do business with companies that are not approved of by the government.

With the escape route into cash set to be blocked off, that leaves Precious Metals, gold, and silver, gold as a store of value and silver more for everyday transactions. Gold bugs and others, especially survivalists, and many wealthy investors see this as THE way to escape the rapacious grasp of the banks and the government and are busy squirreling away fortunes into overseas vaults etc. However, it is unfortunate that if you can think of this, so can they, so can the banks and the government, and they have plans for you and your gold hoard. Remember, their power is absolute, no-one dare stands up to them and they can and will do what they like, changing the law as required to suit their purposes. They are much more powerful than President Roosevelt, who in the 1930’s, in an act of naked piracy, seized the gold of US citizens, and furthermore their modern powers of surveillance and tracking are much more sophisticated than anything back then. Thus we can expect governments to declare the holding of gold (and silver) to be illegal and to demand forfeiture to the government in exchange for nominal compensation. Vendors of gold bars will be closed down and mints will not sell retail gold. Unlike the 1930’s this be a be a coordinated global campaign, a kind of witch hunt if you will, and there will be no corner of the world that is safe, just as they finished off private banking in Switzerland. Those buying gold and stashing it in various pseudo-anonymous remote foreign depositories will be in for a nasty shock as these vaults are arbitrarily raided and plundered, with the local and international law being changed as required to facilitate this. Nothing will stand in the way of a system that will not permit alternatives.

We will end on a positive note. No-one really wants to see a complete systemic collapse, which is what will happen if banks don’t avail themselves of savers funds quite soon, least of all the controlling elites at the top of the pyramid who live lives of scarcely imaginable opulence and luxury and wish to continue doing so. Such a collapse would lead to bank accounts being frozen, and a breakdown of the distribution system leading to anarchy and hand-to-hand fighting in the streets for essentials like food and gasoline. Should we not, therefore, be grateful to our illustrious masters who have ingeniously thought of a way out of the current impasse, by availing themselves of your funds as required? Is it not a small price to pay to go cashless and forego your privacy and independence, and forfeit your gold and silver on demand?

It is tempting to blame others for all this, especially those in control of the system, but don’t forget that for decades you voted for people who routinely lied before elections, and told you what you wanted to hear, that you could have it all right now and to hell with the future – well, that future has now arrived.

OLDDOGS COMMENTS!

Ok, so the media, including we who are attempting to warn everyone is painting a scary picture of an inconceivable catastrophe. NOW WHAT? Do we shit or go blind when there is no way to buy products to sustain our lives? May I suggest that IF we lose all ways to barter because we do not have the cash on hand to buy some of everything in sight, like a truck load of food, gas, guns, ammo, generators, shovels, hammers and nails, and a host of other things we will need; that can only mean one thing! We’re shit out of luck, and pretty pissed off at the government. So, while supplies are still available, buy yourself a reloading press and all the assorted tools, primers, powder, case’s, and bullets needed to make your own ammo, because if things are that bad, ammo is going to be the next currency. Need I remind you to buy weapons also, because every swinging dick in America is going to want what you have and not have anything to buy it with. Your elected representatives will be underground and protected by the military, so forget about shooting them. Your friends and family may or may not be trustworthy also! Now don’t you feel better knowing what to do when the crap hits the fan? THE END!

5-10-2016 8-55-33 AM


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