With cash out of the way the problem of bank runs will be a thing of the past.
Keeping your money in a bank nowadays is the same as keeping all your bitcoin in an exchange wallet/account. Its yours but the control you have over it can be taken away at the push of a button.
Topic: A bankster in the UK wants to ban big bills - page 4. (Read 3997 times)
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And this item just in (comment on the War on Cash):
http://www.zerohedge.com/news/2015-09-26/gold-tightness-when-theres-no-more-sell-theres-no-more-buy-any-price#comment-6597322
This is the second report I have read that B of America wants photo ID when depositing CA$H into their accounts. That is THEIR OWN ACCOUNTS, not just deposits into accounts of localbitcoins sellers...
Another tightening of the screw.
And this item just in (comment on the War on Cash):
http://www.zerohedge.com/news/2015-09-26/gold-tightness-when-theres-no-more-sell-theres-no-more-buy-any-price#comment-6597322
This is the second report I have read that B of America wants photo ID when depositing CA$H into their accounts. That is THEIR OWN ACCOUNTS, not just deposits into accounts of localbitcoins sellers...
Another tightening of the screw.
...
This whole "War on Cash" meme is ominous and distressing.
Who wants .gov, the banks, etc. to know where you are spending your money, and what on? Who would want .gov to have the power to cut you off from your electronic-only money? CA$H (long green in your physical possession), BTC and gold are three reasonable, partial substitutes at least for now.
I started this thread because I have seen in a few places (not just Zero Hedge, LOL) more of this topic of the War on Cash being discussed. The idea being floated now (banning large bills) is just upping the ante. If we get more restrictions on cash, that would be very worrisome.
This whole "War on Cash" meme is ominous and distressing.
Who wants .gov, the banks, etc. to know where you are spending your money, and what on? Who would want .gov to have the power to cut you off from your electronic-only money? CA$H (long green in your physical possession), BTC and gold are three reasonable, partial substitutes at least for now.
I started this thread because I have seen in a few places (not just Zero Hedge, LOL) more of this topic of the War on Cash being discussed. The idea being floated now (banning large bills) is just upping the ante. If we get more restrictions on cash, that would be very worrisome.
What war on cash?
First, comparing bills equal to $1000 or $500 is very different from the $100 bill.
Second, if inflation increases we'll only need higher denomination bills.
It all bodes well for bitcoin, which provides the anonymity and ease of cash.
First, comparing bills equal to $1000 or $500 is very different from the $100 bill.
Second, if inflation increases we'll only need higher denomination bills.
It all bodes well for bitcoin, which provides the anonymity and ease of cash.
Have a read around.
https://www.google.co.uk/?gws_rd=ssl#q=call+to+ban+cash
There is a growing global effort underway to ban cash, notes and coins.
Banks then have 100% control of your wealth.
Every penny accounted for.
When the bank goes tits up next time you will be footing the bill (laws already in place in many countries!)
The upcoming negative interest rates will force people to spend to preserve buying power rather than be able to stuff the bed mattress with notes.
That's right saving cash at your account will be useless. It is useless already depending on where you live. So what people will do is to look for other options to invest if they can not spend or don't want to. Bitcoin might be one of the safe havens. Other will go into precious metals etc.
So let the negative interest rates come.
The same goes with banning cash. People will look for other opportunities to pay or trade with when they realize that with digital fiat,or state approved centralized crypto coin, they are completely monitored, controlled and slaved. And here comes Bitcoin into the game again.
What war on cash?
First, comparing bills equal to $1000 or $500 is very different from the $100 bill.
Second, if inflation increases we'll only need higher denomination bills.
It all bodes well for bitcoin, which provides the anonymity and ease of cash.
First, comparing bills equal to $1000 or $500 is very different from the $100 bill.
Second, if inflation increases we'll only need higher denomination bills.
It all bodes well for bitcoin, which provides the anonymity and ease of cash.
Have a read around.
https://www.google.co.uk/?gws_rd=ssl#q=call+to+ban+cash
There is a growing global effort underway to ban cash, notes and coins.
Banks then have 100% control of your wealth.
Every penny accounted for.
When the bank goes tits up next time you will be footing the bill (laws already in place in many countries!)
The upcoming negative interest rates will force people to spend to preserve buying power rather than be able to stuff the bed mattress with notes.
This seems like the effects of the European economic
crisis and financial war between major countries
crisis and financial war between major countries
What war on cash?
First, comparing bills equal to $1000 or $500 is very different from the $100 bill.
Second, if inflation increases we'll only need higher denomination bills.
It all bodes well for bitcoin, which provides the anonymity and ease of cash.
First, comparing bills equal to $1000 or $500 is very different from the $100 bill.
Second, if inflation increases we'll only need higher denomination bills.
It all bodes well for bitcoin, which provides the anonymity and ease of cash.
...
A bankster at the Bank of England (Charles Goodhart) wants to ban 500 Euro notes as well as 1000 Swiss Franc (that would be some $1050) notes as well. That will get tongues wagging in the USA to ban our $100...
The War on Cash is ramping up. Another terrible idea as part of the campaign to destroy our privacy. Read all about it:
http://www.zerohedge.com/news/2015-09-25/goodbye-100-bill-ex-central-banker-demands-all-high-denomination-banknotes-should-be
A bankster at the Bank of England (Charles Goodhart) wants to ban 500 Euro notes as well as 1000 Swiss Franc (that would be some $1050) notes as well. That will get tongues wagging in the USA to ban our $100...
The War on Cash is ramping up. Another terrible idea as part of the campaign to destroy our privacy. Read all about it:
http://www.zerohedge.com/news/2015-09-25/goodbye-100-bill-ex-central-banker-demands-all-high-denomination-banknotes-should-be
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