The problem is when you look at India or Greece where withdrawals are limited, certain notes are no longer accepted etc, this creates a huge problem for the citizens of that country. What are you supposed to do if you have a lot of those bills? Deposit them and take out smaller bills? What about in the future when those bills are now gone? This is where cryptocurrency needs to be used so they never have to worry about what you're doing with your money ever again. It's yours, keep it where you want.
The thing I find the strangest is the fact that people don't want to be in control of their own wealth. It's so strange to think that you'd trust someone else with all of your money and not yourself. How stupid of a society do we have to be to keep the majority of our possessions in a bank?! Oh they have insurance, great. SO if they go bankrupt you get up to 100,000 back. Ok but anyone with 100,000 should just have their own money safely in their own arms. Having to rely on some company is completely ridiculous.
Topic: Nowhere to Hide: IMF Advocates a Cashless World - page 3. (Read 3019 times)
IMF is debating/planning about cashless society since 2000, you can find it on their own website where they post reports of disscussions they have. The 100k limit is for all europeans and is limited to 1 person and per bank, so if you have 100k in bank A and 100k in bank B, you are covered for for both
Yes, I heard this cashless shopping since 2000 and at first it was referring to credit card in my opinion,debit card etc. But now, with the used of blockchain technology as in bitcoins and other cryptocurrencies I think it widen its reach.
You are wrong the debate from the IMF in 2000 was about to use only one currency only, you can read everything here It is very long but very informative too. The plan for a cashless society has started, i don't know but maybe 50 years ago, or more if we consider the cheques, or even more as The ancient Romans have used an early form of cheque
I am not that worried. Most of my wealth is invested in the form of real estate, equities, and treasury bonds. So even if they do some sort of demonetization, it is not going to affect me much.
You are wrong. When you own real estate that brings you permanent loss. Only when you sell or rent the property for rent you will have the income. Where do you take clients if they don't have money? Or they'll pay you-cash money, and the government will take 50% in taxThis is not quite so
You evidently don't take into account that real estate can appreciate on its own. For example, due to the area where you have that real estate becoming more popular or just local currency heavily depreciating and people running into hard assets to save their wealth (and thus the appreciation of your property will be substantially above inflation rates, so it is real appreciation as opposed to nominal). In any case, you can mortgage your real estate and buy even more real estate or whatever. You don't even need to outright sell it
IMF is debating/planning about cashless society since 2000, you can find it on their own website where they post reports of disscussions they have. The 100k limit is for all europeans and is limited to 1 person and per bank, so if you have 100k in bank A and 100k in bank B, you are covered for for both
Yes, I heard this cashless shopping since 2000 and at first it was referring to credit card in my opinion,debit card etc. But now, with the used of blockchain technology as in bitcoins and other cryptocurrencies I think it widen its reach.
I'm much more concerned about the "Indian Experiment". In India, they:
Done: Removing 83% of the cash flow (banning big notes)
Pending 2020: Removal of all ATM machines and moving to cashless economy.
Because if it succeed, this mean spreading it and a TOTAL control over us.
The Indian experiment is a bit crazy ,we now have issues withdrawing our own money and is it true that they are planning to remove all ATM machines by 2020,i have never seen this crazy news,let the expirement work among politicians and political parties and then let them implement these sort of crazy things over the people. Done: Removing 83% of the cash flow (banning big notes)
Pending 2020: Removal of all ATM machines and moving to cashless economy.
Because if it succeed, this mean spreading it and a TOTAL control over us.
IMF is debating/planning about cashless society since 2000, you can find it on their own website where they post reports of disscussions they have. The 100k limit is for all europeans and is limited to 1 person and per bank, so if you have 100k in bank A and 100k in bank B, you are covered for for both
Quote
“The European Central Bank (ECB) does not want that depositors to keep their money under the pillow. If any bank in Europe goes bankrupt, then depositors have a guaranteed right that the state will return them the amount of up to 100,000 euros. But not more,” the economist told Sputnik Germany.
https://www.lewrockwell.com/2017/04/no_author/totalitararian-dream/
The banks and the IMF should have no say whatsoever how any of us decide to hold our money.
logic money is absolute, I've seen on youtube how the Federal Bank creates money and monopolizes government finances, I think fiat currency is very easy to be played by unscrupulous bankers, wealthy thieves.
Money is overrated 
It should not be the main tool for privacy-relevant activity.
That doesn't mean that I'm supporting the anti-cash/pro-bank policy of these institutions. But sometimes I think people should be less paranoid. And the following is only a personal opinion, but I think the importance of money will tend to decrease in a highly automated knowledge society.
I don’t have a problem with a cashless society as long as there is privacy but we know that is not what they want, this is not about being paranoid, they want to know in what you use your money to completely monitor your activities and that is why I support bitcoin. It should not be the main tool for privacy-relevant activity.That doesn't mean that I'm supporting the anti-cash/pro-bank policy of these institutions. But sometimes I think people should be less paranoid. And the following is only a personal opinion, but I think the importance of money will tend to decrease in a highly automated knowledge society.
Money is overrated It should not be the main tool for privacy-relevant activity.
That doesn't mean that I'm supporting the anti-cash/pro-bank policy of these institutions. But sometimes I think people should be less paranoid. And the following is only a personal opinion, but I think the importance of money will tend to decrease in a highly automated knowledge society.
It should not be the main tool for privacy-relevant activity.That doesn't mean that I'm supporting the anti-cash/pro-bank policy of these institutions. But sometimes I think people should be less paranoid. And the following is only a personal opinion, but I think the importance of money will tend to decrease in a highly automated knowledge society.
Quote
“The European Central Bank (ECB) does not want that depositors to keep their money under the pillow. If any bank in Europe goes bankrupt, then depositors have a guaranteed right that the state will return them the amount of up to 100,000 euros. But not more,” the economist told Sputnik Germany.
https://www.lewrockwell.com/2017/04/no_author/totalitararian-dream/
The banks and the IMF should have no say whatsoever how any of us decide to hold our money.
Well, this should lead to people finding another alternatives where to store their money aside from banks. That should bring Bitcoin more opportunity to be recognized. If the IMF did not regulate also the Bitcoin right?
Quote
“The European Central Bank (ECB) does not want that depositors to keep their money under the pillow. If any bank in Europe goes bankrupt, then depositors have a guaranteed right that the state will return them the amount of up to 100,000 euros. But not more,” the economist told Sputnik Germany.
https://www.lewrockwell.com/2017/04/no_author/totalitararian-dream/
The banks and the IMF should have no say whatsoever how any of us decide to hold our money.
The irony is that this periodically becomes a topic on a forum dedicated to the most UN-physical form of money you can imagine. So if it's a problem for any of you, there's always precious metals and other hard assets in which to store value. Who here still pays with bills and change, anyway?
There's a bunch of people that are on this forum that stills pays with regular cash. Bitcoin might not be the one to get promoted into the IMF decision of Currency circulation though the technology is definitely going to help the Digital Currency revolution.
Yup, true. I can use credit cards when shopping in groceries or malls but for everything else here, I need fiat. Not even all shops here have those card terminals, would have been less of a hassle.
I am not that worried. Most of my wealth is invested in the form of real estate, equities, and treasury bonds. So even if they do some sort of demonetization, it is not going to affect me much.
You are wrong. When you own real estate that brings you permanent loss. Only when you sell or rent the property for rent you will have the income. Where do you take clients if they don't have money? Or they'll pay you-cash money, and the government will take 50% in tax. 
I am not that worried. Most of my wealth is invested in the form of real estate, equities, and treasury bonds. So even if they do some sort of demonetization, it is not going to affect me much.
The people will just shrug off the efforts of governments and agencies like IMF to control their finances.
Younger people will move to Bitcoin. Older people will shift to gold.
Younger people will move to Bitcoin. Older people will shift to gold.
The state wants to control all the finances of a person and the system will not allow a person to control his own money. Soon begin to control bitcoin and gold.
Quote
“The European Central Bank (ECB) does not want that depositors to keep their money under the pillow. If any bank in Europe goes bankrupt, then depositors have a guaranteed right that the state will return them the amount of up to 100,000 euros. But not more,” the economist told Sputnik Germany.
https://www.lewrockwell.com/2017/04/no_author/totalitararian-dream/
The banks and the IMF should have no say whatsoever how any of us decide to hold our money.
Hmm...
I might be wrong but that's not the case here...
That's just incitation. They try to convince you that banks are safe and solid (LOL). But they're not forbiding in any way to keep your money in cash in your pants if you wish to do so.
Quote
“The European Central Bank (ECB) does not want that depositors to keep their money under the pillow. If any bank in Europe goes bankrupt, then depositors have a guaranteed right that the state will return them the amount of up to 100,000 euros. But not more,” the economist told Sputnik Germany.
https://www.lewrockwell.com/2017/04/no_author/totalitararian-dream/
The banks and the IMF should have no say whatsoever how any of us decide to hold our money.
The EU/ECB is a racket, I hope it breaks up completely. Maybe Britain got out just in time to avoid BS like this from infesting their country.
What else would the EU want? Complete control over its citizens, demographic replacement, it's perfect.
I'm much more concerned about the "Indian Experiment". In India, they:
Done: Removing 83% of the cash flow (banning big notes)
Pending 2020: Removal of all ATM machines and moving to cashless economy.
Because if it succeed, this mean spreading it and a TOTAL control over us.
Done: Removing 83% of the cash flow (banning big notes)
Pending 2020: Removal of all ATM machines and moving to cashless economy.
Because if it succeed, this mean spreading it and a TOTAL control over us.
So why are you even reading their stupid news? who cares?
People at the end are the ones deciding what to do.
I'm sure if bitcoin scales to be worthy of holding a value equal to $500B then many green continent residents will notice it and see the benefits of using and turning their wealth into bitcoin.
But honestly I for one am disappointed in bitcoin because of Wu and his gangsters, they have lowered the prestige of bitcoin to a thugs levels.
We need much higher prices for other people to start big mining farms in other countries than China to take the power of deception and manipulation from kinds of Wu which are sabotaging the process of bitcoin's growth.
People at the end are the ones deciding what to do.
I'm sure if bitcoin scales to be worthy of holding a value equal to $500B then many green continent residents will notice it and see the benefits of using and turning their wealth into bitcoin.
But honestly I for one am disappointed in bitcoin because of Wu and his gangsters, they have lowered the prestige of bitcoin to a thugs levels.
We need much higher prices for other people to start big mining farms in other countries than China to take the power of deception and manipulation from kinds of Wu which are sabotaging the process of bitcoin's growth.
Cashless world means controlling all the money by central banks and each every transaction going through them. This will fill up their already fat wallets to bigger one. They have fear of loosing their money when currency like bitcoins comes into effect. If we are saving all of our money in bitcoin and gets international recognition then one day bitcoin might create monopoly by itself. However bitcoin was just an example but it can really go over the head of banks. Moreover, banks does not go bankrupt they just steal our hard earn money and provide cheap services for us. At least local banks do stuff like this.
Jump to: