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Political Information Last Updated: Sep 16, 2021 - 8:18:14 AM


"We Should Be Concerned" - The War On Cash Is A Real Thing
By Bruce Wilds with comments by Ron
Sep 16, 2021 - 5:14:01 AM

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https://brucewilds.blogspot.com/2021/09/the-war-on-cash-is-it-real-thing-answer.html

In our bizarre economy, we hear many things, and ideas are constantly being thrown out to us. This all tends to flow together and help us develop a strategy as to how we should cope with the changing times. One thing we continue to hear is that a war is being waged to eliminate cash. Not only are most people going along with this but many have embraced the notion.

Some people view carrying cash as dangerous or burdensome. This also dovetails with their desire to spend more than they can afford, when using a credit card it is far easier to continue spending money you do not have. All things considered, when asked, is the war on cash a real thing being directed from those on high, sadly we must answer yes. Cash reflects "options for the people" and it appears those in charge of such things want in gone.

Currencies were developed to facilitate and ease transactions between individuals and businesses. The war on cash is simply another way Washington can continue to show its favoritism towards big business. Small businesses often rely more on small cash transactions and often lack the ability to process other forms of payment. It is ironic that while big businesses and companies like Amazon flourish with each move government makes, the small businesses on Main Street are left worse off.

Your Wealth Will Be Locked In A Computer

A cashless society where records are made and kept reflecting every transaction we make even down to buying a candy bar also allows the government to monitor our every move. This is something Big Brother-type governments strongly aspire to under the guise it will extend its ability to protect us or tamp down on crime, tax evasion, and corruption. For some reason, they seem to think this will allow them to collect more taxes, yet it comes at the same time they continue to tilt the tax code in favor of massive companies.

The way the government has handled coins during the pandemic is a clear indication of its unconcern over the role cash plays in our economy. When coin shortages developed, little or no effort to straighten out the mess was instituted. Considering the massive number of coins sitting unused in jars and cans across America it is a situation that could easily be resolved. In fact, coinage has yet to return to full use following the pandemic, and claims of coin shortages persist.

This Is Far Too Common

Another place this "war on cash" is showing its head is that as of July 1st my bank started to charge a "cash handling fee" of 13 cents per hundred dollars. Simply put, banks want and feel they are in a position to charge customers for the "inconvenience" of having their employees handle cash.

Let me be clear, banks, saving accounts, and other vehicles designed to hold cash are paying little or nothing in the way of interest. With the numbers just out that the CPI is up for the 15th straight month, cash is under assault.  this reflects the fourth straight month above 5% on a year-over-year basis.

While this is the first time the month-over-month CPI has come in below expectations since November 2020 that is not something worthy of celebration. The CPI is routinely criticized for understating and not accurately portraying the true rate of inflation. Another issue is this could be merely the Delta variant's impact creating the illusion inflation is not rising as rapidly as some people think.

We Should Be Concerned

Inflation, currency debasement, and a slew of other problems have always haunted those holding fiat currencies. This does not mean placing your wealth into one of the new cryptocurrencies is the solution. It does not help that in our world where everything seems to be manipulated, central bankers and their ilk all seem to be moving in the same direction. The masses are trapped in a box and the sides are slowly being moved inward.

Because central banks must keep a lot of liquidity in the system in order to keep it functioning, we have the potential of reaching the place where we drown in paper money and inflation soars. This would signify the end of this war on cash and that cash had lost. It is difficult to justify leaving your wealth in cash that is rapidly losing its value. As we stare into the face of rising inflation and possibly lower negative interest rates the reality that all fiat currencies are in trouble and this is just one big Ponzi scheme becomes very apparent.

How fast events unfold is impossible to predict. Just as important is the order in which the four major currencies fail. We have good reason to be concerned about this because it has the potential to strip us of our wealth and cause major disruptions throughout society. Until then, which may be years away, cash has value and plays a very important part in our lives.

[Ron: This pessimistic scenario has been superceded Pilgrims.  Fortunately the Banksters' plot to eliminate cash and make everyone dependent on their electronic digital currency RESET has been 'short sheeted' by the take-down of the demonic globalist cabal by the Trump led Triodity and its global Alliance. THIS scenario could have been our fate had  Trump and the Alliance not successfully organised for the Quantum Financial System (QFS) to replace the Petro Dollar and the current collapsing global financial system. I understand that the QFS is now up and running in parallel with the Swift system which it is about to supercede.

The QFS will introduce the Globec as the global trading currency and provide for all global national treasuries to issue their own gold backed national money supplies; AND those national money emissions will be issued interest (usury) free. At the same time income taxation will be abolished globally. Consciously desire this positive outcome Pilgrims because as soon as there is a sufficient popular desire for it to manifest, it will.

Some Bank Bail-in articles: Senate Passes ‘Bail In' Law - How Safe Is Your Cash Now? Repost http://abundanthope.net/pages/Political_Information_43/Senate-Passes-Bail-In-Law-How-Safe-Is-Your-Cash-Now-Repost.shtml

When YOUR Bank Fails, Don't Walk ... Run! See: http://abundanthope.net/pages/Political_Information_43/When-YOUR-Bank-Fails-Don-t-Walk-Run_printer.shtml

Canada Joins Australia & Others With New Bank "Bail-In" Laws. See: http://abundanthope.net/pages/Political_Information_43/Canada-Joins-Australia-Others-With-New-Bank-Bail-In-Laws_printer.shtml

Bail-out Is Out, Bail-in Is In: Time for Some Publicly-owned Banks. See: http://abundanthope.net/pages/Political_Information_43/Bail-out-Is-Out-Bail-in-Is-In-Time-for-Some-Publicly-owned-Banks.shtml

A Crisis Worse than ISIS? Bail-Ins Begin. See: http://abundanthope.net/pages/True_US_History_108/A-Crisis-Worse-than-ISIS-Bail-Ins-Begin_printer.shtml

Why Is The EU Forcing European Nations To Adopt ‘Bail-In' Legislation By The End Of The Summer? See: http://abundanthope.net/pages/Political_Information_43/Why-Is-The-EU-Forcing-European-Nations-To-Adopt-Bail-In-Legislation-By-The-End-Of-The-Summer.shtml

Brave New World of Bank Bail-Ins As Of January 1st. See: http://abundanthope.net/pages/True_US_History_108/Brave-New-World-of-Bank-Bail-Ins-As-Of-January-1st.shtml

Bank Bail-ins are coming to the United States. See: http://abundanthope.net/pages/True_US_History_108/Bank-Bail-ins-are-coming-to-the-United-States.shtml

Australian pensioners and savers have bank accounts raided by government. See: http://abundanthope.net/pages/Political_Information_43/Australian-pensioners-and-savers-have-bank-accounts-raided-by-government.shtml].

 

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Juicy Financial News. See: http://abundanthope.net/pages/True_US_History_108/Juicy-Financial-News.shtml
Constitutional Court Desecrates Our Rights And Undermines The Will Of The People. See: http://abundanthope.net/pages/Political_Information_43/Constitutional-Court-Desecrates-Our-Rights-And-Undermines-The-Will-Of-The-People.shtml

Ellen Brown-5 Big Banks will Survive Next Financial Calamity-Everybody Else Bankrupt. See: http://abundanthope.net/pages/True_US_History_108/Ellen-Brown-5-Big-Banks-will-Survive-Next-Financial-Calamity-Everybody-Else-Bankrupt.shtml

New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners. See: http://abundanthope.net/pages/Political_Information_43/New-G20-Rules-Cyprus-style-Bail-ins-to-Hit-Depositors-AND-Pensioners.shtml

WSJ Reports: Bank of North Dakota Outperforms Wall Street. See: http://abundanthope.net/pages/True_US_History_108/WSJ-Reports-Bank-of-North-Dakota-Outperforms-Wall-Street.shtml

Building an Ark: How to Protect Public Revenues from the Next Meltdown. See: http://abundanthope.net/pages/True_US_History_108/Building-an-Ark-How-to-Protect-Public-Revenues-from-the-Next-Meltdown.shtml

Preparing To Asset-strip Local Government? The Federal Reserve's Bizarre New Rules. Destabilizing Economic Impacts Across America. See: http://abundanthope.net/pages/True_US_History_108/Preparing-To-Asset-strip-Local-Government-The-Federal-Reserve-s-Bizarre-New-Rules-Destabilizing-Economic-Impacts-Across-America.shtml

Fed's Fischer: Bail-Ins Coming For Your Cash. See: http://abundanthope.net/pages/True_US_History_108/Fed-s-Fischer-Bail-Ins-Coming-For-Your-Cash.shtml

Bank Bail-ins are coming to the United States. See: http://abundanthope.net/pages/True_US_History_108/Bank-Bail-ins-are-coming-to-the-United-States.shtml

Failing world banks prepare to steal your savings See: http://abundanthope.net/pages/Political_Information_43/Failing-world-banks-prepare-to-steal-your-savings.shtml

Australian pensioners and savers have bank accounts raided by government. See: http://abundanthope.net/pages/Political_Information_43/Australian-pensioners-and-savers-have-bank-accounts-raided-by-government.shtml

Bankers Win Both Ways: Now They Can Take Both Taxpayer and Depositor Money. See: http://abundanthope.net/pages/True_US_History_108/Bankers-Win-Both-Ways-Now-They-Can-Take-Both-Taxpayer-and-Depositor-Money.shtml

Poland Confiscates Half Of Private Pension Funds To "Cut" Sovereign Debt Load (Repost). See: http://abundanthope.net/pages/Political_Information_43/Poland-Confiscates-Half-Of-Private-Pension-Funds-To-Cut-Sovereign-Debt-Load-Repost.shtml

The Bank Guarantee that Bankrupted Ireland. See: http://abundanthope.net/pages/Political_Information_43/The-Bank-Guarantee-that-Bankrupted-Ireland.shtml

The Financial Armageddon Looting Machine: Looming Mass Destruction from Derivatives See: http://abundanthope.net/pages/True_US_History_108/The-Financial-Armageddon-Looting-Machine-Looming-Mass-Destruction-from-Derivatives.shtml

Why is CommBank still hiding its derivatives bets? See: http://abundanthope.net/pages/Political_Information_43/Why-is-CommBank-still-hiding-its-derivatives-bets.shtml

Cyprus: President Anastasiades announces ‘Guaranteed Minimum Income' for all citizens. See: http://abundanthope.net/pages/Political_Information_43/Cyprus-President-Anastasiades-announces-Guaranteed-Minimum-Income-for-all-citizens.shtml

Big Banks Conspire with Giant Oil Company to Manipulate Currency Markets. See: http://abundanthope.net/pages/Political_Information_43/Big-Banks-Conspire-with-Giant-Oil-Company-to-Manipulate-Currency-Markets.shtml

The Detroit Bail-In Template: Fleecing Pensioners to Save the Banks. See: http://abundanthope.net/pages/True_US_History_108/The-Detroit-Bail-In-Template-Fleecing-Pensioners-to-Save-the-Banks.shtml

Green Light for City-owned San Francisco Bank. See: http://abundanthope.net/pages/True_US_History_108/Green-Light-for-City-owned-San-Francisco-Bank.shtml

Now the Bankers Will Steal 47.5% from Cyprus Savers. See: http://abundanthope.net/pages/Political_Information_43/Now-the-Bankers-Will-Steal-47-5-from-Cyprus-Savers.shtml

Think Your Money Is Safe in an Insured Bank Account? Think Again. See: http://abundanthope.net/pages/Political_Information_43/Think-Your-Money-Is-Safe-in-an-Insured-Bank-Account-Think-Again.shtml

New EU Plan Will Make Every Bank Account In Europe Vulnerable To Cyprus-Style Wealth Confiscation. See: http://abundanthope.net/pages/Political_Information_43/New-EU-Plan-Will-Make-Every-Bank-Account-In-Europe-Vulnerable-To-Cyprus-Style-Wealth-Confiscation.shtml

Bail-out Is Out, Bail-in Is In: Time for Some Publicly-owned Banks. See: http://abundanthope.net/pages/Political_Information_43/Bail-out-Is-Out-Bail-in-Is-In-Time-for-Some-Publicly-owned-Banks.shtml

As Forewarned, The Irish Savers Have Just Been "Cyprus'd", And There's MUCH MORE "Cyprusing" To Come. See: http://abundanthope.net/pages/Political_Information_43/As-Forewarned-The-Irish-Savers-Have-Just-Been-Cyprus-d-And-There-s-MUCH-MORE-Cyprusing-To-Come.shtml

Winner Takes All: The Super-priority Status of Derivatives. See: http://abundanthope.net/pages/True_US_History_108/Winner-Takes-All-The-Super-priority-Status-of-Derivatives.shtml

The Confiscation of Bank Savings to "Save the Banks": The Diabolical Bank "Bail-In" Proposal. See: http://abundanthope.net/pages/Political_Information_43/The-Confiscation-of-Bank-Savings-to-Save-the-Banks-The-Diabolical-Bank-Bail-In-Proposal.shtml

Technocrat Confirms Cyprus is the Blueprint For Stealing Your Money. See: http://abundanthope.net/pages/Political_Information_43/Technocrat-Confirms-Cyprus-is-the-Blueprint-For-Stealing-Your-Money.shtml

This Is What It Feels Like To Have Your Life Savings Confiscated By The Global Elite. See: http://abundanthope.net/pages/Political_Information_43/This-Is-What-It-Feels-Like-To-Have-Your-Life-Savings-Confiscated-By-The-Global-Elite.shtml

Cyprus-Style Bank Account Confiscation Is In The New 2013 Canadian Government Budget!. See: http://abundanthope.net/pages/Political_Information_43/Cyprus-Style-Bank-Account-Confiscation-Is-In-The-New-2013-Canadian-Government-Budget.shtml

Cyprus bail-out: savers will be raided to save euro in future crises, says eurozone chief. See: http://abundanthope.net/pages/Political_Information_43/Cyprus-bail-out-savers-will-be-raided-to-save-euro-in-future-crises-says-eurozone-chief.shtml

Cyprus, Troika Agree to Bail-in, Bank of Cyprus to See 40% Haircuts for Deposits Over €100,000, Deposits At Other Banks WILL BE WIPED OUT. See: http://abundanthope.net/pages/Political_Information_43/Cyprus-Troika-Agree-to-Bail-in-Bank-of-Cyprus-to-See-40-Haircuts-for-Deposits-Over-100-000-Deposits-At-Other-Banks-WILL-BE-WIPED-OUT.shtml

Cyprus told: take bank levy or leave euro. See: http://abundanthope.net/pages/Political_Information_43/Cyprus-told-take-bank-levy-or-leave-euro.shtml

It's Not Libor Stupid, Central Banks Are The Problem. See: http://abundanthope.net/pages/Political_Information_43/It-s-Not-Libor-Stupid-Central-Banks-Are-The-Problem.shtml

How Billionaires Become Billionaires - http://abundanthope.net/pages/Political_Information_43/How-Billionaires-Become-Billionaires.shtml

"We are Declaring War on Cash," Visa's Andy Gerlt. See: http://abundanthope.net/pages/Political_Information_43/We-are-Declaring-War-on-Cash-Visa-s-Andy-Gerlt.shtml

Are You Tired of Banks, Credit Cards, and Debt? Consider a System of Trading Time Instead of Money. See: http://abundanthope.net/pages/True_US_History_108/Are-You-Tired-of-Banks-Credit-Cards-and-Debt-Consider-a-System-of-Trading-Time-Instead-of-Money.shtml

Collusion for Illusion: Australia's "Big 4″ Banks are All Owned by the Same Financial Interest. See: http://abundanthope.net/pages/Political_Information_43/Collusion-for-Illusion-Australia-s-Big-4-Banks-are-All-Owned-by-the-Same-Financial-Interest.shtml

Corporations Masquerading as Government in Australia & World Wide. See: http://abundanthope.net/pages/Political_Information_43/Corporations-Masquerading-as-Government-in-Australia-World-Wide.shtml

The global ‘War on Cash': a country by country guide. See: http://abundanthope.net/pages/Political_Information_43/The-global-War-on-Cash-a-country-by-country-guide.shtml

Regulation Is Killing Community Banks - Public Banks Can Revive Them. See: http://abundanthope.net/pages/Political_Information_43/Regulation-Is-Killing-Community-Banks-Public-Banks-Can-Revive-Them.shtml

How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders. See: http://abundanthope.net/pages/Political_Information_43/How-to-Wipe-Out-Puerto-Rico-s-Debt-Without-Hurting-Bondholders.shtml

Financial Weapons Of Mass Destruction: The Top 25 U.S. Banks Have 222 Trillion Dollars Of Exposure To Derivatives. See: http://abundanthope.net/pages/Political_Information_43/Financial-Weapons-Of-Mass-Destruction-The-Top-25-U-S-Banks-Have-222-Trillion-Dollars-Of-Exposure-To-Derivatives.shtml

This is a major reason why corporate governments HAVE TO GO. See: http://abundanthope.net/pages/Political_Information_43/This-is-a-major-reason-why-corporate-governments-HAVE-TO-GO.shtml

For a good discussion of statism and the global farming of human livestock see True News 13: Statism is Dead - Part 3 - The Matrix at: http://www.youtube.com/watch?v=P772Eb63qIY

Jews "disproportionally represented" amongst world's wealthiest. See: http://abundanthope.net/pages/Political_Information_43/Jews-disproportionally-represented-amongst-world-s-wealthiest.shtml

 




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