Skip to content

Public Enemy Number One…Cash?!

14 February, 2016

Greetings and thanks for stopping by The Countdown to see what’s new on the menu.

Today, being Valentine’s Day/Lupercalia we will discuss how to buy dinner for that special someone. More specifically, “Will that be credit or debit…or just swipe your hand here or place your face here…? We don’t accept cash.”

First Major Offensive in War on Cash

By Don Quijones, Spain & Mexico, editor at WOLF STREET.

Terrorists are no longer public enemy number one. Nor are drug lords, people traffickers, arms dealers, cyber terrorists, or any other unsavory do-badder. Today, the biggest threat to global peace and security is physical cash, a means of exchange that has flourished for over 4,000 years but which now stands accused of being the world’s biggest enabler of criminality.

A Criminal’s Accomplice

The latest person to publicly highlight the deadly threat posed by cash is Peter Sands, the former CEO of the British bank Standard Chartered, who just published a report for Harvard Kennedy School of Government imploring central banks around the world to stop issuing high-denomination notes and bills. They include the €500 note, the $100 bill, the CHF1,000 note and the £50 note.

“Such notes are the preferred payment mechanism of those pursuing illicit activities, given the anonymity and lack of transaction record they offer, and the relative ease with which they can be transported and moved,” the report warns. In other words, only criminals use cash. High-denomination notes, the report adds, “play little role in the functioning of the legitimate economy, yet a crucial role in the underground economy.”

[READ MORE/ORIGINAL ARTICLE HERE]

And another similar article:

Here Is The Real Reason Why Authorities Want To Ban High Denomination Bank Notes

Over the past month, one of the more alarming developments in Europe has been the move to eliminate high denomination bank notes like the €500 bill.

Indeed, as Bank of America reports, having changed its mind on the matter over the past few years, the ECB is now considering abolishing the €500 note. In a recent interview, Executive Board member Benoit Coeure said that “the ECB is assessing the fate of the €500 euro banknote, as concerns about its use in money laundering and crime grow and its usefulness for large payments comes into question” adding that “competent authorities increasingly suspect that they are being used for illegal purposes, an argument that we can no longer ignore.” (like all other ECB matters, there appears to be infighting on this issue too, and subsequently another ECB member Yves Mersch stated that the he would like to see “proof that high-denomination notes are used by criminals”).

So what, big deal, eliminate it. The people will still have 5, 10, 20, 50, 100 and 200 euro bills right.

Well, here’s the thing: the €500 note is the second highest currency denomination in G10, after the CHF1,000 note. More importantly, the total value of €500 notes in circulation amounts to €306.8bn and has been rising.

 

As a share of the value of total euros in circulation, the €500 note is the second-highest, after the €50 note.

In other words, if overnight the €307 billion worth of €500 bills were eliminated, the notional value of the entire amount of European physical currency in circulation would decline by 30% to €700 billion!

And there you have it: while it may not be banning all European cash outright, we are confident the ECB would be delighted if one third of it was to start, while pretending to be fighting financial crime, terrorism, corruption and dryg dealers.

[READ MORE/ORIGINAL ARTICLE FOUND HERE]

Here’s a similar article:

This Is Why The Mega Banks Are Promoting A Cashless Society

February 11, 2016, by Ken Jorgustin

cash-ban

In case you haven’t noticed, the mega banks are promoting a cashless society. For those of you who may say, “Who cares?” “I already only use debit cards, credit cards, and online banking for 99% of my transactions – so what does it matter?”…

Here’s why it matters:

Negative Interest Rates

The number one reason in my estimation has everything to do with ‘negative interest rates’.

Most people haven’t heard much (or any) of this term yet, but those who have been paying attention already know that it IS HAPPENING and is already implemented in some places around the world.

“What is ‘negative interest rates’, and why should I care?”

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.

In case you haven’t noticed, the banks, especially the ‘too big to fail’s, are in very big trouble right now. The central banks of the world are desperately trying to keep their ’empty shell’ system from crashing. They’ve used ZIRP (zero interest rate policies) and QE 1,2,3 (quantitative easing – printing money) since 2008 and now the gig is up. It has not worked… In fact it’s worse than ever before! They are now implementing negative interest rates in a desperate attempt to stay afloat!

It’s not here in the U.S. yet, but believe me it’s going to be floated.

[READ MORE/ORIGINAL ARTICLE HERE]

Here’s another one:

Banning Cash: Serfdom in Our Time

BanningCash

Over the last few months a stream of articles have crossed my screen, all proclaiming the need of governments and banks to eliminate cash. I’m sure you’ve noticed them too.

It is terrorists and other assorted madmen, we are told, who use cash. And so, to protect us from being blown up and dismembered on our very own street corners, governments will have to ban it.

It would actually take some effort to imagine a more obvious, naked attempt at fearmongering. Cash – in daily use for centuries if not millennia – is now, suddenly, the agent of spring-loaded, instant death? And we’re supposed to just accept that line?

But there are good reasons why the insiders are promoting these stories now. The first of them, perhaps, is simply that they can: After 9/11, a massive wave of compliance surged through the West. It may not last forever, but it’s still rolling, and if the entertainment corporations can pump enough fear into minds that want to believe, they may just get them to buy it.

The second reason, however, is the real driver:

Negative Interest Rates

The urgency of their move to ban one of the longest-lasting pillars of daily life means that the backroom elites think it will be necessary soon. It would appear that the central banks, the IMF, the World Bank, the BIS, and all their backers, see the elimination of cash as a central survival strategy.

The reason is simple: cash would allow people to escape from the one thing that could save their larcenous currency system: negative interest rates.

To make this clear, I like to paraphrase a famous (and good) quote from Alan Greenspan, back from 1966, during his Ayn Randian days: The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

That was a true statement, and with a slight modification, it succinctly explains the new war on cash:

The preservation of an insolvent currency system requires that the owners of currency have no way to protect it.

Cash is currency that you hold in your own hands, that stands more or less alone. It is primarily external to bank control. Electronic money – bank balances, credit, etc. – remains inside the banking system and fully subject to bank control.

A combination of no cash and negative interest rates would be a quiet, permanent version of what was done in Cyprus, where the government simply shut down everything, allowed only the smallest deductions via ATMs, and then stole money from thousands of bank accounts at once.

[READ MORE/ORIGINAL ARTICLE HERE]

Another one:

Through The Looking Glass On Rates

By:John Browne

Wednesday, February 10, 2016

On January 29th, Japan’s central bank governor, Haruhiko Kuroda, announced that the Bank of Japan would introduce a Negative Interest Rate Policy, or NIRP, on bank reserve deposits held in excess of the minimum requisite. The European Central Bank, and central banks in Switzerland, Denmark and Sweden have already partially blazed this mysterious trail. The banks have done so in order to weaken their respective currencies and to light a fire under inflation. Swiss national bonds now carry negative rates out to maturities of eleven years, meaning investors must lock up funds for eleven years to receive even a small positive nominal return!

There are economists and investors to whom these policies seem logical. After all, if low interest rates are good, wouldn’t negative rates be better? Many have argued that the “zero bound’, or the point past which rates can go no lower, is simply the same type of archaic thinking that brought us the gold standard and moral hazard.

These contemporary economists like to suggest that markets should become comfortable with negative rates and accept that they have an important role to play in the “science” of modern finance. But this analysis ignores the fundamental absurdity of the concept.

Money has a time value. Funds available today are worth more to the owner than money available tomorrow. I would imagine that, if asked, 100% of people would choose to receive $10,000 today rather than the same sum a year from now. Many might even pay for the quicker delivery. Even if we allow for the unlikely possibility that real deflation exists, and that consumers are therefore making sensible decisions in deferring purchases, life is uncertain and consumers are impatient. That’s why banks have always had to offer interest to savers to lock up their funds on account. Paying for the privilege of not spending one’s money is a completely new development in human history, and one that I believe is at odds with fundamental concepts of economics and psychology.

The ECB, as did the Bank of Japan (BoJ), cited economic stimulation as its main reason for negative rates. These sentiments were recently cited in a blog post by former Fed President Narayana Kocherlakota where he urged his former Fed colleagues to bring rates into negative territory. The logic is that people and businesses would refuse to pay to keep their money on deposit, and would instead withdraw those funds to spend and invest. However, zero percent interest rates do not appear to have had this affect. The money may, in fact, have been spent, but the growth never materialized. So will the dead horse we are beating suddenly get up if we beat it harder? Apparently so.

Only eight days before taking the dramatic and highly debatable step to trigger negative rates, Bank of Japan President Haruhiko Kuroda had assured his Parliament in Tokyo that such a policy was not even being considered (Reuters, 1/21/16). But less than six days later, after attending the World Economic Forum in Davos, his position had changed. Did private discussions with world leaders in Davos convince him that a serious international recession and credit crisis would unfold unless all central bankers could fire all available weaponry?

[READ MORE/ORIGINAL ARTICLE HERE]

And lastly this one:

Something Very Disturbing Spotted In A Morgan Stanley Presentation

With central bankers losing credibility left and right, and failing outright to boost the “wealth effect” no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a necessary and sufficient condition to a regime of global NIRP.
And while in recent days we have seen op-eds by both Bloomberg and FT urging the banning of cash, the most disturbing development we have seen yet in the push for a cashless society has come from the following slide in a Morgan Stanley presentation, one in which the bank’s head of EMEA equity research Huw van Steenis, pointed out the following…
… and added this:
One of the most surprising comments this year came from a closed session on fintech where I sat next to someone in policy circles who argued that we should move quickly to a cashless economy so that we could introduce negative rates well below 1% – as they were concerned that Larry Summers’ secular stagnation was indeed playing out and we would be stuck with negative rates for a decade in Europe. They felt below (1.5)% depositors would start to hoard notes, leading to yet further complexities for monetary policy.
Consider this the latest, and loudest, warning on the road to digital fiat serfdom.
Yeah from an Obama support page…since when did he tell the truth other than he would transform America in a FUNDAMENTAL way?
NOTE:We forgot to add this VIDEO UPDATE:
Religious or not, The Bible declares this WILL happen, if we let it.
The main passage in God’s Word that mention the “mark of the beast” is Revelation 13:15-18.
Other references can be found in Revelation 14:9, 11, 15:2, 16:2, 19:20, and 20:4.
This mark acts as a seal for the followers of Antichrist and the false prophet (the spokesperson for the Antichrist). The false prophet (the second beast) is the one who causes people to take this mark.

The mark is literally placed in the hand or forehead and is not simply a card someone carries.

The recent breakthroughs in medical implant chip and RFID technologies have increased interest in the mark of the beast spoken of in Revelation chapter 13.

It is possible that the technology we are seeing today represents the beginning stages of what may eventually be used as the mark of the beast.
Some may say this isn’t the M.O.B., because health care and such tommyrot, but they forget/neglect to realize/mention that the “new medical system” is TIED to the I.R.S (A FIRST TIME EVER MANDATORY HEALTH CARE ON A TAX RETURN?) which is TIED to MONEY/MAMMON – debased/devalued, otherwise used for buying and selling. There are many that refute this claim, but only those with eyes to see can see and ears to hear can hear…
The FDA (one of the ‘abc government soups of nonsense’ – ed) has established standards for an implantable radio frequency transponder systems (RFID chips) that are Class II compliant. These RFID chips are meant to convey patient identification and health information to improve health outcomes and improve device safety. While the HR3200 did not require mandatory RFID microchip implantation, it would have established an initial framework, the scope of which could potentially be expanded with future legislation and regulation. (treburn’s emphasis-ed)
• The FDA has shown some RFID implants to be safe for implantation in humans. A version of the RFID chip is currently in use as a animal tracker, either implanted or used in a detachable collar. These are generally used to track household pets and monitor endangered species. RFID chips are currently in use in ankle bracelets or wrist tags to track both vulnerable newborn babies and make sure they are only taken out of a hospital by their families, and to monitor of people in the correctional system, such as those released from facilities.
They don’t mention that when used in animals the RFID’s CAUSE cancer and other health issues over time from transmitting and receiving data…and the scriptures tell us,

The First Six Bowls of Wrath

1And I heard a great voice out of the temple saying to the seven angels, Go your ways, and pour out the vials of the wrath of God upon the earth.

2And the first went, and poured out his vial upon the earth; and there fell a noisome and grievous sore upon the men which had the mark of the beast, and upon them which worshipped his image. (emphasis added – ed)

3And the second angel poured out his vial upon the sea; and it became as the blood of a dead man: and every living soul died in the sea.

4And the third angel poured out his vial upon the rivers and fountains of waters; and they became blood. 5And I heard the angel of the waters say, Thou art righteous, O Lord, which art, and wast, and shalt be, because thou hast judged thus. 6For they have shed the blood of saints and prophets, and thou hast given them blood to drink; for they are worthy. 7And I heard another out of the altar say, Even so, Lord God Almighty, true and righteous are thy judgments.

8And the fourth angel poured out his vial upon the sun; and power was given unto him to scorch men with fire. 9And men were scorched with great heat, and blasphemed the name of God, which hath power over these plagues: and they repented not to give him glory.

10And the fifth angel poured out his vial upon the seat of the beast; and his kingdom was full of darkness; and they gnawed their tongues for pain, 11And blasphemed the God of heaven because of their pains and their sores, and repented not of their deeds.

12And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared.

13And I saw three unclean spirits like frogs come out of the mouth of the dragon, and out of the mouth of the beast, and out of the mouth of the false prophet. 14For they are the spirits of devils, working miracles, which go forth unto the kings of the earth and of the whole world, to gather them to the battle of that great day of God Almighty. 15Behold, I come as a thief. Blessed is he that watcheth, and keepeth his garments, lest he walk naked, and they see his shame. 16And he gathered them together into a place called in the Hebrew tongue Armageddon.

The Seventh Bowl of Wrath

17And the seventh angel poured out his vial into the air; and there came a great voice out of the temple of heaven, from the throne, saying, It is done. 18And there were voices, and thunders, and lightnings; and there was a great earthquake, such as was not since men were upon the earth, so mighty an earthquake, and so great. 19And the great city was divided into three parts, and the cities of the nations fell: and great Babylon came in remembrance before God, to give unto her the cup of the wine of the fierceness of his wrath. 20And every island fled away, and the mountains were not found. 21And there fell upon men a great hail out of heaven, every stone about the weight of a talent: and men blasphemed God because of the plague of the hail; for the plague thereof was exceeding great.

Yes it’s about that time. Are you ready? There’s still much to do and so little time (and resources) to do it in, but be prayed up, walking in love and…

CHeers!

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: