Fighting The "War on Terror" By Banning Cash

Tyler Durden's picture

Submitted by Joseph Salerno via Mises Institute,

It was just a matter of time before Western governments used the trumped up "War on Terror" as an excuse to drastically ratchet up the very real war on the use of cash and personal privacy that they are waging against their own citizens.

Taking advantage of public anxiety in the wake of the attacks on Charlie Hebdo and a Jewish supermarket, France has taken the first step.  It seems the terrorists involved partially financed these attacks by cash, as well as by consumer loans and the sale of counterfeit goods. What a shockeroo!

The terrorists used CASH to purchase some of the stuff they needed--no doubt these murderers were also shod and clothed and used  cell phones, cars, and public sidewalks during the planning and execution of their mayhem.   Why not restrict their use?  A naked , barefoot terrorist without communications is surely less effective than a fully clothed and equipped one. 

Despite the arrant absurdity of blaming cash and financial privacy for these crimes,  French Finance Minister Michel Sapin brazenly stated  that it was necessary to "fight against the use of cash and anonymity in the French economy."

He then announced extreme and despotic measures to further restrict the use of cash by French residents and to spy on and pry into their financial affairs.

These measures, which  will be implemented in September 2015, include:

Prohibiting  French residents from making cash payments of more than 1,000 euros, down from the current limit of  3,000 euros.


Given the parlous state of the stagnating French economy the limit for foreign tourists on currency payments will remain higher, at 10,000 euros down from the current limit of 15,000 euros.


The threshold below which a French resident is  free to convert euros into other currencies without having to show an identity card will be slashed from the current level of 8,000 euros to 1,000 euros.


In addition any cash deposit or withdrawal of more than 10,000 euros during a single month will be reported to the French anti-fraud and money laundering agency Tracfin.


French authorities will also have to be notified of any freight transfers within the EU exceeding 10,000 euros, including checks, pre-paid cards, or gold.

*  *  *

Just remember... it's for your own protection.

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Pool Shark's picture



"Gather ye Krugerrands while ye may..."

chumbawamba's picture

Enter black market cryptocurrencies.

I am Chumbawamba.

RU-GAY2's picture

yes, finally you are singing we tune!

Bay of Pigs's picture

Good to see you are still kickin around fonestar...

How are the tropics?

RU-GAY2's picture

swimming in bits and bits, l0ving the bit-bitcheZ!

Silky Johnson's picture

Take a deep whiff motherfuckers! You smell that? That's freedom!

RU-GAY2's picture

The last large denomination notes ($500, $1000, $10,000) were discontinued in 1969.  Because even back then they knew things were going ELECTRONIC.  That's how far out of the loop your ZH reader is.... oh, just about 46 years!

Skateboarder's picture

The power grid as you know it is only (less than) a hundred years old...

RU-GAY2's picture

Yep, and if it went down those little paper rectangles would also be worthless in a matter of days.

strannick's picture

Typical French. Anything to avoid a fight. Restrict lead because some of it is used to make bullets. Restrict blind dates because participants utilize anonymity. Chips in our heads will make everyone so much more accountable.

nope-1004's picture

French authorities will also have to be notified of any freight transfers within the EU exceeding 10,000 euros, including checks, pre-paid cards, or gold.


lmao.  I thought gold wasn't a currency?

Also, why no mention of bitcoin?  Oh ya, that's right, because bitcoin is borderless, whereas gold.... has...  borders?!?


Pinto Currency's picture



It is now. 

Texas is fixin' to remonetize gold and silver:

Gold and Silver Legal Tender Bill:

Texas State Bullion Depository Bill for legal tender transactions:

( Utah bill in 2011 previously made gold and silver legal tender: ).

Now Texas and Utah military invasion exercise by Feds this summer:


Are Texas and Utah full of terrorists?

Gold and silver terrorists?

Paveway IV's picture

Economically, Texas doesn't need the U.S. one single bit. Which makes it the most dangerous terrorist organization in the entire U.S. - the entire federal government extortion scam revolves around the concepts of absolute control and absolute dependence. 

Can you imagine how fast the dual-citizens in Washington D.C. would fill their Depends if 27 million federal-tax-revenue-generating Texas meat units suddenly voted to leave and bailed out of the federal Ponzi?

They couldn't send in the U.S. Army to force Texas back into the fold because 1) there's a hell of a lot of Texans in the army, and 2) the average person would rightfully observe that if most Texans voted to leave the U.S., then they should probably have the freedom to do so. Half the army would desert rather than kill Texans for the benefit of dual-citizen bankers in Washington D.C. Imagine the chaos.

Pinto Currency's picture





There is a growing amount of speculation about the Jade Helm 15 exercises.

Also Texas produces oil.  Combining gold currency proposals with oil is not something that has worked well for Libya, Iran, Russia, etc.


Lots of chatter:

"... Further, it was announced that JH 15 would commence on July 15. However, I received credible and multiple reports that JH 15 is already underway and there is a lot about this drill that is not publicly available but the details are beginning to surface through back channels. A phone call to a  trusted source revealed that JH 15 is indeed underway and attacks upon the power grid are part of the drill.  In the meantime, we need to put all eyes on JH 15 as it relates to the topic of this article. However, there is a lot more that is beginning to surface about JH 15 that is equally devastating. Meanwhile, what is one to do with regard to an attack upon the grid? This will be the topic of a future article along with the JH 15 factor. ..."


HedgeHammer's picture

Looks like Pinto is on the ball. Cudos to you my friend.

HedgeHammer's picture

I myself have read a few writings on this very subject, however as you say I haven't been able to confirm or deny as of yet.


Paveway IV's picture

No 'speculation' necessary about Jade Helm 15, Pinto. It's such a clear violation of the constitution that a fucking monkey could win in court, providing the law wasn't rigged.

This is a continuation of the farce of 'Realistic Military Training' that SOCOM uses as a pretense to protect federal officials AND BANKERS from the public in a crisis and evacuate them to some 'safe' location. The big city versions are called Joint Urban Assault Training. Note that these exercises always involve a small group of select Special Forces that can be 'trusted' to protect bankers and feds, and always includes the 160th SOAR and their black helecopters to terrorize the little people and haul the bankers and feds fat 'saved' asses to some secret underground lairs. SF guys have quit the Army rather than be a part of the 160th Rat-Savers Regiment. The 'terrorists' they are trained to fight are angry U.S. citizens, not fake ISIS. Israel was the inspiration for these exercises because they're the experts at oppression.

These exercises are always billed as 'anti-terrorist', but always seem to involve extraction off the roofs of Federal Reserve or U.S. government buildings. Why the fuck would a terrorist attack a Fed District building? Would they threaten to withhold worthless economic reports from someone? That's not a terrorist threat - it's a public service!

At any rate, there is zero reason for the standing Army of the U.S. to practice armed assault and extractions on U.S. soil. It's so unconstitutional that they can only do this by invitation and approval of local governments (which still doesn't make it constitutional). They always con the locals into thinking they're being patriotic and supporting the country if they approve these operations IN SECRET. Why? Because the first thing the local citizens would want to know is why the hell are 160th BlackHawks flying right outside my window scaring the shit out of my kids and dog like we live in fucking 1960's Beriut? It's dangerous and unnecessary. It ALWAYS freaks people out and intimidates the little people - just like it was designed to do. Piss off the Feds and the 160th will be dropping jackboots with machine guns on your roofs (for your own protection, of course).

No idea if this is an actual slide deck the show locals, but it sounds like their ususal crap. Pay special attention to this item of slide #3: "...Letters of Invitations obtained from local officials (Mayor - County Commissions)..." They pretty much 'bribe' the locals with Humvees or APCs and old Army crap for the Bumblefuck County SWAT team. I'm sure some federal money comes their way too for being Stazi-friendly. Slide #7 "Why Texas?" explains "The United States Special Operations Command (USSOCOM) has conducted numerous exercises in Texas 8ecause Texans are historically supportive of efforts to prepare our soldiers airmen marines and sailors to fight the enemies of the United States"

Someone might want to point out to the little people of Texas that THEY are the potential enemies of the United States that the SF guys are practicing to take out. If there's ever supposedly any al Qaeda or ISIS guys in Texas, they'll be on the FBI's payroll.

The dickheads in Washington D.C. should put a little more time and effort into restoring the constitution and making the U.S. a country that the states WANT to be in, rather than training the SF to save their ass when then get done driving this country into the sewer.

Pinto Currency's picture



I suspect that these will not be extraction exercises.

Worst case they are large troop insertion exercises to suppress a sound money movement - just waiting for the invites back.

e_goldstein's picture

"Are Texas and Utah full of terrorists?"


thecrud's picture

Terrorist religious nuts same thing.

commander gruze?'s picture

/me thinks they just don't know what to do with this whole bitcoin thing so they choose to keep quiet on it not to make more stink. Perhaps they're unaware bitcoin is going to rip their statist asses into pieces in few short years.

RU-GAY2's picture

Preach on bitbrother gruze!  fonestar is with you!  And also with you!

HopefulCynical's picture

Bitcoin is just another Ponzi scheme, backed by nothing, just like FRNs. Good luck with that.

commander gruze?'s picture

Oh dear... It would be excusable to show such ignorance in 2012.

Titus's picture

IAM-GAY: Europe still has $500 notes, thousands too I believe. The Russians are full of them when they travel.

Oracle of Kypseli's picture

Greek banks have very few left. 

Againstthelie's picture

2010: Italy bans cash transactions over 5000 EUR.

2011: Greece bans cash transactions over 1500 EUR.

Scoobywan's picture

Yah, they didn't use paper money before electricty or anything

RU-GAY2's picture

Today's paper money is a thin veneer covering a digital iceberg.

SumTing Wong's picture

So why is it that governments now want to ban the use of said rectangles? Why did they do away with gold and silver? Is it a war on anything REAL? If they can control the digits, we're all screwed. Personally, I'm not selling any of my vegetables or a cow of mine, not even thinking about giving away a gun or some ammo, for something that is "virtual." I'll sell you a virtual gun for your virtual currency. I'll also sell you virtual veggies for the same. If you want something real, bring something real in trade. 

And I'm pretty sure this is where I'm supposed to say, "Motherfucker."

RU-GAY2's picture

So why do ZH posters love cash (produced by the Fed, their sworn love/hate enemy) if physical gold and silver can fulfil the same anonymity?  Why do they care if government "recognizes" it as money or not?  Do they need to feel validated, vindicated, officiated?  Why would you want their seal of approval if you truly believe in free markets instead of control?

Charming Anarchist's picture

Forgive me but you are asking a lot of non-sequitur questions.  I am going to cut through your crap and get to the heart of the matter.  I use cash because the government compells me and my neighbors to use it to pay taxes. Otherwise, I would be happy to trade in bullion on a day to day basis ----- REASON:  It can not be counterfeited!! 



<<Why would you want their seal of approval if you truly believe in free markets instead of control?>> 

I do not want the government's seal of approval.  You are asking the wrong question.  The question you SHOULD be asking is this:  Why would the government refuse to accept bullion for tax payments???


I aint no statist.  I do not believe ANYBODY should be obligated to pay taxes.  However, if we are going to pretend the government gives a flying fuck for the tax-payer, then I am convinced the most despotic activities perpetrated by the deep state would be physically impossible if tax-payers were permitted to pay their bills in bullion.  Good money will chase out bad money. 

RU-GAY2's picture

Non-sequitur my ass!  This gets to the very heart of the matter and have NEVER received a single good answer from ANYONE on ZH!  Digital or Analog, they can't explain why they passively accept accept currency printed and shoved down their throats.  Or why they just don't actually USE physical silver in daily life?  Maybe it's just so much easier to bitch about it online, "why doesn't someone else go first?"  Or maybe they don't want to look like a jackass at the gas station arguing monetary theory with the cashier?

RU-GAY2's picture

Not that I expect any REAL answer... go ahead and junk away.  Because I know your hypocrisy exposed gets under your skin.  You actually don't hate the Fed and you really love the USD.  That's the only real conclusion that I can come to, you yearn for a return of the USD but you just want "your guys" to be running/abusing the show so this farce can live on another several decades.

Anusocracy's picture

Recently, silver, as dollars, was being used as payment at some businesses in SE Michigan. I'm certain those transacting would have taken 1oz. Canadian or other silver, but they used silver dollars to avoid the hassle.

I have traded pens and hand tools for gas in rural areas.

The problem, as always, is government interference.

Herd Redirection Committee's picture

On a recent trip to South Africa, I could not help but enjoy frequent power outages, erm, loadshedding (the government euphemism).

During which your VISA/ATM card is useless.  But that could never happen any where else, right?  Not even during civil war, world war, revolution, currency devaluation?

chubbyjjfong's picture

I think most here on ZH would accept Au or Ag.. or whiskey, or tools as payment or exchange for goods or services, I know I would.  Cash is the main medium of exchange for the rest as they still have faith in it.  Cash is accepted by the masses and is mostly untraceable so that is why I prefer to trade cash with them when I can. 

FMOTL's picture

IAMNOTGAYYET but I am kinda with you on this , dont know why ZH peeps hate on BC, it is after all a free market concept that definitely does have transaction uses and could be a potential skirt around the monopoly of force Federal Reservation script. Gold and silver is good store of value and potential transaction too. This is war on us the people , we need all the friends and tools in the box we can get. Fuck all this divide and conquer shit , dont fall for it

RU-GAY2's picture

Probably because the ZH reader would prefer a world where the Fed stays in control of things rather than be making the same amount of BTC/hr as a worker in Malaysia or Nigeria.

conscious being's picture

The fundimental problem with bc, aside from .gov hacking is that its only up and running on a first-mover advantage. In the Fed fiat system, there is no barrier, to the Fed conjuring into existence, infinity quantities of fiat, diluting the value of all previously conjured FRNs. With bc, there is no barrier to entry for an infinite number of similar, competing systems diluting the "value" of all preexisting bc and bc-like systems.

bc does offer value for now as a way to get around capital controls and that's about it.


Jonas Parker's picture

"Non-sequitur my ass! "

OK, so what kind of gay sex is "non-sequitur" then? And no thanks, NOBODY wants to follow your ass...

RU-GAY2's picture

Like I said, didn't even expect a stab at a real answer....  losers and whiners.

blackholes's picture

I just want to know if my dealer will start taking debit.

RU-GAY2's picture

Maybe, but anyone who has been in a major retailer during a power outage should know they won't take your cash either.  "Sorry our systems are down and no, I can't write down the sale, because ya know, that would be hard and involve effort and stuff like that so I'll just stand here and stare at you".  They would rather lose the sale than be bothered with cash.  So yeah, so much fer yer little theories....

Zoomorph's picture

ZH users don't use silver/gold on a daily basis because they CAN'T, because nobody would accept it or because they'd end up arrested or in legal trouble. ZH users are conscious, powerless slaves of the system. Indeed, you wouldn't be wrong to call them "losers" in that sense, or "whiners" in the sense that many of them like to complain about it with indignity. Most of them dream of freedom, although I'm not sure how many plan for or would actually fight for it. In a sense, participating vocally in this community and in raising their children, etc, is "fighting" for it, and maybe that's the best many of us can do.

This all seems fairly obvious, so I don't know what you're having such a tantrum about.

flyingcaveman's picture

They're worthless right now!  Its just that most people don't realise it yet and I'll keep using them as long as people keep taking them.

Lesthan0's picture

I recall buying my first used car with 500 bills and that had to be '79 or early 80's.  Or am I misremembering?

RU-GAY2's picture

Well they were and are still legal tender.  We brought in a bunch of clad Ike dollars to deposit and we teller did not want to take them.  Needed to speak to branch manager.