Negative Interest Rates and Cashless Society

[DamianTV]

http://modernsurvivalblog.com/curre...-mega-banks-are-promoting-a-cashless-society/

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It’s simple. YOU will be charged interest for keeping money in the bank. Not the other way around…

You might then (logically) ask, “Well if they’re going to charge me to keep MY money in THEIR bank, then I’m taking it out!”. And this is a primary reason why ‘they’ want a cashless society, because if cash is banned, then you wouldn’t be able to take it out! If you want to transact, you will be required to transact electronically. Period.

Once that requirement is in place, then you will have no choice but to succumb to their ‘negative interest rate policies’ (NIRP) in which the bank reaps enormous revenue streams – further separating you from your money.

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Full article on link.

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... first by Inflation, then by Deflation...

The Illusion of Choice is dissolving and revealing what was hidden behind the curtains was shackles and chains that you will be required to put on and pay for yourself.

 

[willwash]

http://modernsurvivalblog.com/curre...-mega-banks-are-promoting-a-cashless-society/



Full article on link.

---

... first by Inflation, then by Deflation...

The Illusion of Choice is dissolving and revealing what was hidden behind the curtains was shackles and chains that you will be required to put on and pay for yourself.

Never thought about it from this angle, but you're absolutely right. This will be used as a justification for banning cash. "Our economic planners cannot execute their plans without the cooperation of the public, which must be coerced if necessary."

Opens up a million cans of worms. What about casino chips?

 

[DamianTV]

Never thought about it from this angle, but you're absolutely right. This will be used as a justification for banning cash. "Our economic planners cannot execute their plans without the cooperation of the public, which must be coerced if necessary."

Opens up a million cans of worms. What about casino chips?

A competing currency could be as little as an IOU written on a bar napkin if we consider what gives currency its value is our products and labors. For example, "IOU one hour of work", it doesnt have to be thought of as currency, but more as a contract, which is really where the idea of paper currency first got started. Certificates that represented things of value. Putting a form of Tax on any form of currency, be it a contract or competing currency indirectly means that you do not own the labor you perform or things you grow or produce. Theft by transfer of ownership is basically what Income Tax is.

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The idea of NIRP and Cashless Society is as a big of a red flag as I have ever seen that the entire worlds economy is teetering on total collapse. So what to do? Stick it to those that can not afford it, and when that time comes, modern civilization will collapse.

END GAME

 

[Anti Federalist]

"But...but...convenience", whines Idiot AmeriKa.

 

[thoughtomator]

Negative interest rates will require the confiscation of gold.

If you acquire any gold, don't do so in a traceable manner.

 

[Schifference]

What would you do with your gold in a cashless society?

 

[LibForestPaul]

thread sub...interesting comments

 

[devil21]

Negative interest rates will require the confiscation of gold.

What is your reasoning? Do you think enough people hold physical anymore to justify another 1933-esque confiscation/redemption scenario?

I can see another repeat of 1933 where gold is called in and then revalued through the roof. History repeating....

 

[Zippyjuan]

Negative interest rates will require the confiscation of gold.

If you acquire any gold, don't do so in a traceable manner.

Why would it require the confiscation of gold? Gold was confiscated back when money was backed by gold and the government didn't have enough. Money isn't backed by gold anymore so no reason for the government to confiscate it.

 

[LibForestPaul]

No need to confiscate a known transaction. As long as it is not hidden, any arbitrary tax rate may be applied, wiping out any haven gold bullion may have provided.