Larry Summers 100 Dollar Bill Ban And Westfalia Lost | Talkmarkets

Larry Summers 100 Dollar Bill Ban And Westfalia Lost | Talkmarkets



This is the article introduction on Talkmarkets: Westphalia as a concept is superior to empire. Our freedoms are more likely to be honored in a system of national sovereignty. Larry Summers
is attacking that sovereignty as a representative of a global financial
system.



From the article:

 

Empires colonize. Empires oppress the subjects. Empires force banking
solutions on the people. Can anyone deny that a Westfalia-like
sovereignty is at grave risk of destruction in Summers' and Kissinger's
New World Order?

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Authorities Want To Ban High Denomination Bank Notes | Talkmarkets

http://www.talkmarkets.com/content/global-markets/here-is-the-real-reason-why-authorities-want-to-ban-high-denomination-bank-notes?post=85777&uid=4798



Getting rid of a major portion (30percent) of the money supply appears to be the real goal of the Eurozone! It has nothing to do with fighting crime, although that is the stated reason. This is just another battle in the war on cash. Tyler Durden says this on Talkmarkets:

...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!

This, of course, can help set the stage for more aggressive NIRP, negative interest rate policy, and the war on cash continues. 





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Gary Anderson Blog | Swedes Are Saving More Than Ever As Negative Interest Rates Fail | Talkmarkets

Gary Anderson Blog | Swedes Are Saving More Than Ever As Negative Interest Rates Fail | Talkmarkets





From the site I wrote:

Swedes are saving more than ever in their newly created (voluntary)
cashless environment. That was not supposed to be how it works. They
should be saving less and spending more because the banks are charging
them interest. That is the goal of negative interest rates, to force
people to spend more so that inflation will bump off zero.

But here is the flaw in that reasoning. The fees the banks charge
retail customers are like a tax. They make the Swedes feel poorer in
their accounts, not richer. So the Swedes do what I predicted. They save
more to make up for the shortfall. They still don't want to hide money
under the mattress, risking the loss of all of it to theft!



The illogical reasoning that people will spend more when you take
their money away from them must have been created by people who have
plenty of spare money. No one else would entertain this absurd reasoning
except for economists and bankers!

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Norway's Biggest Bank Demands Cash Ban | Zero Hedge

Norway's Biggest Bank Demands Cash Ban | Zero Hedge



Needless to say that if we are unable to escape the liquidity trap of zero interest rates, our banks will demand a cash ban as well. This is a serious threat to freedom, and is simply robbery by the banks, as cash gives choice as to whether you will use a bank or put your money under the mattress. From the site:

1. Every financial transaction can be taxed.


2. Every financial transaction can be charged a fee.


3. Bank runs are eliminated.

This is something every citizen of every country should think of long and hard. 

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The Global War on Cash by Kevin Dowd

There is a global war on cash. Kevin Dowd has clearly set out the moral and economic dangers to our economy, households and even privacy if cash is abolished.

This is a must read article by Kevin. Support the Pay Cash Only movement by liking the page and by using cash once in awhile for payments for items in the store.

Do not be deceived, readers, a cashless society is totalitarian in nature, perhaps the first step towards massive totalitarian impositions on the public.

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Europe Enters New Year With Nearly $2 Trillion In Sub-Zero Interest Debt

Tyler Durden Blog | Europe Enters New Year With Nearly $2 Trillion In Sub-Zero Interest Debt | Talkmarkets



Subzero sovereign debt could lead to even more usage of the negative interes rate. This is a major concern as it will increase calls for a cashless society, to prevent the depositor from pulling money from the bank once retail customers are forced to accept negative interest rates or withdrawel. That is when you will hear more screams from economists about the need for a cashless society.

Why we may be headed to a completely cashless society

Why we may be headed to a completely cashless society | Public Radio International

 “Andy Holder — he’s the chap that’s the chief economist at The Bank of
England — did a speech and suggested the idea of having negative
interest rates in the UK,” “He said if we did introduce
this, the problem would be that everyone in Britain would go to the cash
point — and we don’t have to pay ATM fees in this country  — withdrawal
all of their cash and keep it under the mattresses to be avoid being
charged the negative interest rates.”

Gary here: Beware of writers like Claer Barrett, who is the author of the above quote. She is editor of the Financial Times Money. She is one of many who are working toward a cashless society. Use more cash when you can to stop this sort of thing from taking over the world. 



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