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Abolishing Cash – The New Age Of Economic Totalitarianism

Tyler Durden's picture




 

Submitted by Martin Armstrong via Armstrong Economics,

Europe is moving full speed ahead to eliminate all cash.

Euro Bank Notes

 

Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking that now leads us to the totalitarian approach coming from Brussels.

To maintain the euro, they must maintain the banks. However, the bank reserves are debts of all member states. As government becomes insolvent as in Greece, the banking system is undermined. The only way to prevent the banking collapse is to prevent people from withdrawing cash.

Hence, we see this trend is surfacing in all the mainstream press to get the people ready for what is coming after 2015.75 – the elimination of cash. We are even starting to see this advocated in parts of Germany. We will not be able to buy or sell anything without government approval. That is where we are going, and it may be the major event that erupts after 2015.75.

TigerVsheep

 

The bail-in that took place in Cyprus managed to get away without bloodshed. The people just took it.

This has encouraged governments everywhere, since now they know they can safely do the same thing and the people are like sheep – dumb and stupid.

Sheep Herd

 

Just how much will society take before they say no?

 

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Mon, 05/18/2015 - 17:24 | 6107193 CH1
CH1's picture

Just how much will society take before they say no?

Evidently a hell of a lot.

Mon, 05/18/2015 - 17:25 | 6107194 Looney
Looney's picture

Slightly OT, but it is hilarious!

If you think that Greece’s reparation claims against Germany are too old or frivolous, check this out! Ukrainian government has just submitted a claim to Mongolia’s Great State Khural (Mongolian parliament) demanding reparations for Batu Khan’s invasion of Ukraine in the 13-th century.

What are those people smoking or sniffing? I gotta get me some of that shit too! ;-)

Looney

P.S. Batu Khan was the famous ruler of the Golden Horde and a grandson of Genghis Khan.

http://en.wikipedia.org/wiki/Batu_Khan

Mon, 05/18/2015 - 17:28 | 6107209 kaiserhoff
kaiserhoff's picture

He who would be a leader among sheep,

  is first and foremost, a sheep.

                 Albert Einstein

Mon, 05/18/2015 - 17:35 | 6107213 Supernova Born
Supernova Born's picture

Inflation will take care of the utility of currency if they stick with the $100 maximum.

Mon, 05/18/2015 - 17:41 | 6107244 Captain Debtcrash
Captain Debtcrash's picture

Most today don’t understand the freedom cash provides, the adults that lived through the great depression sure did.

Banning cash is only to impliment negative rates, and will not result in just bubbles like lowe interest rates did, but super asset bubbles the likes of which we have never seen.

Mon, 05/18/2015 - 17:46 | 6107264 Citxmech
Citxmech's picture

I spent a lot of quality time with my depression-era grandparents - and let me tell you, I carry the lessons they taught me to this day.

Mon, 05/18/2015 - 18:17 | 6107396 TeethVillage88s
TeethVillage88s's picture

One more trip to Israel will fix the Economy, the banking, the ZIRP, the Lobby, the Press, the Govt Stats, and Too much power in DC & Wall Street.

Presidential Hopefuls interfere with Congress & Ignore Domestic Policy, Catastrophic Banking Failures, Systemic Job Loses, Systemic Decapitalization of Industry, Systemic Deconstruction of US Economy... But they have Time to Visit Israel.

http://fox6now.com/2015/05/17/on-heels-of-trip-to-israel-governor-walker...

As presidential field broadens, GOP candidates race to show their ...
www.mondoweiss.net/2015/05/presidential-broadens-candidates
May 7, 2015 ... Carly Fiorina promises to make Israel her first phone call as president. Mike Huckabee is just nuts about Israel. Jeb Bush calls settlements ...

Carly Fiorina promises to make Israel her first phone call as president. As with her fellow candidates Fiorina too has traveled to Israel, during her 2010 attempt to unseat senate Democrat Barbara Boxer (CA).

Mike Huckabee is “just nuts” about Israel. By his own admission he has visited Israel on countless occasions.

Ben Carson wants to transfer the Palestinians to Egypt. ike Huckabee, he traveled to Israel in the months leading up to announcing his candidacy. The excursion was organized by the “Face of Israel,”

Marco Rubio has taken to dining with top-donor Sheldon Adelson. Rubio is rubbing elbows with his long-time pal, billionaire and pro-Israel GOP donor Norman Braman. The two traveled to Israel together in 2010.

Ted Cruz is making the rounds with Fire Island’s pro-Israel community (and many others).

Lindsey Graham who has not announced his bid, said if he is president he will have the first “all-Jewish” cabinet.

Kentucky Senator Rand Paul entered the race in early April. He is a self-proclaimed strong ally of Israel

Jeb Bush came out strongly in support of Israel—and its settlement project in the occupied Palestinian territory, which stands in contrast to J Street’s stated goal of ending the Israeli occupation.

-

Netanyahu Endorses Ted Cruz in US Presidential Race
www.conservativefifty.com/ breaking-netanyahu-endorses-candidate-in-u-s-presidential-race

Mon, 05/18/2015 - 18:34 | 6107463 Billy the Poet
Mon, 05/18/2015 - 18:49 | 6107527 SafelyGraze
SafelyGraze's picture

nice article and great picture.

that was my family reunion from a couple of summers ago.

clover. running water. sunshine. barbed wire to keep the dogs out.

and the lions.

good times. 

Mon, 05/18/2015 - 20:58 | 6107977 MonetaryApostate
MonetaryApostate's picture

I've already warned the sheep, it's up to them to take the advice or not....

http://galeinnes.blogspot.com/2014/07/avoiding-financial-terrorism.html

Mon, 05/18/2015 - 20:37 | 6107894 TeethVillage88s
TeethVillage88s's picture

Whao. I'm not up on this. wow.

Mon, 05/18/2015 - 22:08 | 6108231 Simplifiedfrisbee
Simplifiedfrisbee's picture

Millionairs are not under attack and neither are billionairs. The concept of bank runs is non existent in their vocabulary not to mention the very fact that they own industries and technology. 

The middle and lower class is strictly under attack because they fear a system that has them brittle against the iron fist of debt. This is a direct attack on the poor especially. A person with $20,000 is far more insecure of his/her money than someone who has $2,000,000. When the system has been on your side and the methods of expolitation have ensured your family a level among the hierarchical triangle, then fear is only present as method of preparation. Investors term it diversification.

A friend of mine told me during the new year, that all middle class americans should pull out their money on the 1st of Janurary to show banks who is boss. I thought to myself, "what a radical thought that is." I then told him, and after they pull the money out? How would the Old Bernank respond? How would the gubmint respond? Indeed they would be very upset and penalize those pesky peasants who demand financial control. 

A great man once said, "Our government is founded upon the intelligence of the people. I for one do not despair of the republic. I have great confidence in the virtue of the great majority of the people, and I cannot fear the result."

Mon, 05/18/2015 - 19:08 | 6107603 seek
seek's picture

My parents were raised in the depression, they (and I) suffered through the 70s inflation as well. There is little doubt what knowledged they passed along and what I picked up as a child lead to me being a 1%er (the working kind) today.

Lesson #1: sure as shit, you can't depend on the gov't to get you out of a mess, only to get you into one. If they successfully ban cash, it'll be the into one part at work.

Mon, 05/18/2015 - 17:52 | 6107275 NoDebt
NoDebt's picture

I think we're missing the larger point here.  They're not going to ban cash- they know they can't do it (yet).  They're using this extreme to get a policy foot in the door.  Go for the whole shooting match, then back off to what you really wanted in the first place.  In this case, I think it's the entre to NWO/single currency thing.  They want that a LOT more than they care about the pittance of cash that slips through their fingers via the usual means.

Negative interest rates don't scare them.  They care not a whit about bank deposits, most of which CAN'T move into cash for various reasons.  Deposits are a LIABILITY to banks, please remember.

Mon, 05/18/2015 - 17:55 | 6107300 BandGap
BandGap's picture

Makes you wonder why they went to EBT cards over food stamps and welfare checks.

Mon, 05/18/2015 - 18:01 | 6107324 kaiserhoff
kaiserhoff's picture

Good points.

They lie so much they forget how to do anything else.

Mon, 05/18/2015 - 18:21 | 6107380 Captain Debtcrash
Captain Debtcrash's picture

Deposits are only a liability once the bank has used the money to make a loan or buy another asset, but yes they are the responsibility of the bank to pay back.  Granted things are a little different considering we are under a capital and not a reserve requierment system.  That said they still want you to be forced into their system, which banning cash does.  

Deposit insurance got people to put money back into the system; do you think the banks lobbied for or against federally insured deposits? 

Why don't you think they can't ban cash, all it takes is one little crisis, and the populous will go along with anything. I have no opinion on the NWO stuff, there may be truth to it but I have seen no evidence.

Mon, 05/18/2015 - 18:58 | 6107571 Lurk Skywatcher
Lurk Skywatcher's picture

Will they ban bartering? Taxless exchange of goods and services with no record...

They will try, and probably only because they have no marketable skills to speak of.

 

Tue, 05/19/2015 - 22:10 | 6112068 Panopticon 131
Panopticon 131's picture

BINGO!  Exactly correct.  

 

Armstrong is running with a weak limited hangout.  A cashless society is about constant tracking and control.  TPTP already control all the major capital flows.  

Tue, 05/19/2015 - 22:10 | 6112069 Panopticon 131
Panopticon 131's picture

BINGO!  Exactly correct.  

 

Armstrong is running with a weak limited hangout.  A cashless society is about constant tracking and control.  TPTP already control all the major capital flows.  

Mon, 05/18/2015 - 17:35 | 6107224 AIIB
AIIB's picture

"Just how much will society take before they say no?"

 

Actually ~ Someone (MYSELF)... DID say 'NO'... to the mathematical 325 million to 1 impossibility of having all jew FED Chairs since:

 

- Bretton Woods was abandoned

- Money counterfeitting began in earnest

- many thousands of jew billionaires have been freshly minted in that same time period

- corruption (MSM, political activism, jurisprudence), is at an ALL TIME HIGH since then...

 

My reward?

 

YOU... YOURSELF has been responsible for banning francis_sawyer & his ghosts from ZH while you continue on & pretend to be an advocate...

Mon, 05/18/2015 - 18:43 | 6107501 Billy the Poet
Billy the Poet's picture
The Double Identity of an "Anti-Semitic" Commenter

 

http://www.commondreams.org/hambaconeggs

Mon, 05/18/2015 - 21:43 | 6108126 AIIB
AIIB's picture

and so even the false phophet SYCHOPHANTS, have their disciples...

 

Take heed where you plant your tent poles, my ambitious son...

Mon, 05/18/2015 - 21:51 | 6108167 Usurious
Usurious's picture

 

 

francis changed my life and for that I am eternally grateful........

 

 

Mon, 05/18/2015 - 17:34 | 6107223 HowdyDoody
HowdyDoody's picture

The Tribe has a very long memory for crimes against them and a very short memory for their greater crimes against others.

Mon, 05/18/2015 - 21:19 | 6108041 MonetaryApostate
MonetaryApostate's picture

The tribe went east, you have been warned......

 

(Money follows good management.)

Mon, 05/18/2015 - 18:03 | 6107331 pcrs
pcrs's picture

Can't find a link which confirms that.

Mon, 05/18/2015 - 20:14 | 6107830 TeethVillage88s
TeethVillage88s's picture

Maybe Mind Control has saved US from Regional War so far.

I could see backwoods guys taking offense to the Federal Authority... about Alcohol, about Marijuana Crops, about Trade and Commerce that doesn't involve sex and drug...

Well like from Appalachia, PA, WV, TN, KY...

But we really haven't got strong cultural identities within states or regions that have led to war or civil war.

-

Is it a Union Plan from the 19th Century, is it luck, is it Prussian Education System, or Federal Education System, or a kind of Propaganda put out in the MSM & Education System?

Anyway as polarized as we are in Federal Politics we haven't ripped each other apart yet. But it is like we have 12 different polarities in this country. I would guess that some impetus to migrate would actually help people feel happier.

Mon, 05/18/2015 - 18:56 | 6107559 eddiebe
eddiebe's picture

My guess too. Likely a whole lot more. 

Mon, 05/18/2015 - 19:14 | 6107632 mickeyman
mickeyman's picture

I'm mad as hell and I'm not going to take it for too many more years!!!!

Mon, 05/18/2015 - 17:26 | 6107198 chrsn
chrsn's picture

The power of stupidity is capable of toppling even the greatest of civilizations.

Mon, 05/18/2015 - 17:27 | 6107199 T-NUTZ
T-NUTZ's picture

BAAAAAAAAD News!

Mon, 05/18/2015 - 17:54 | 6107296 Sudden Debt
Sudden Debt's picture

http://youtu.be/PFJRjVy5HdY

The best movie on youtube :)

Mon, 05/18/2015 - 18:02 | 6107327 11b40
11b40's picture

Sounds just like the British Parliament.

Mon, 05/18/2015 - 18:15 | 6107384 Sudden Debt
Sudden Debt's picture

Yeah, brits and farm animals... the kind of relation they have is illegal in most parts of the world...

Mon, 05/18/2015 - 18:33 | 6107457 Winston Churchill
Winston Churchill's picture

Thats the Welsh you are talking about.

The Irish that couldnt swim.

Mon, 05/18/2015 - 20:02 | 6107792 TeethVillage88s
TeethVillage88s's picture

Idiocracy Movie Link? I had one last week, but no good this week.

Mon, 05/18/2015 - 17:27 | 6107201 saints51
saints51's picture

Eliminating cash will eliminate the drug trade. I don't see groups like CIA,MI6,etc,etc allowing this to happen.

Mon, 05/18/2015 - 17:30 | 6107214 hungrydweller
hungrydweller's picture

Until ALL drugs are made legal.

Mon, 05/18/2015 - 17:34 | 6107221 saints51
saints51's picture

I agree but again I state the same response. Do we believe groups like the CIA,MI6,etc,etc will allow illegal drugs to become legal? That is one hell of a slush fund for these corporations.

Mon, 05/18/2015 - 17:51 | 6107282 LostAtSea
LostAtSea's picture

you seem to be under the impression that the rule of law still exists.

Mon, 05/18/2015 - 17:58 | 6107310 Sudden Debt
Sudden Debt's picture

We don’t call it drugs anymore, we call them GDP

Mon, 05/18/2015 - 17:37 | 6107229 CrazyCooter
CrazyCooter's picture

The drug dealers need a national lobby group, like NAR, so they can bypass all the laws and take EBT and stuff.

NADD, National Association of Drug Dealers.

Regards,

Cooter

Mon, 05/18/2015 - 17:45 | 6107260 saints51
saints51's picture

lol have to go back to actual food stamps.

Mon, 05/18/2015 - 17:37 | 6107230 Jtrillian
Jtrillian's picture

Interesting thought.  They could just move into bitcoin which many international dealers are doing now. 

Mon, 05/18/2015 - 17:43 | 6107246 saints51
saints51's picture

Thats true too but I believe it may leave a trail. They need to convert large amounts of bitcoin into a currency accepted anywhere. Would it disrupt the bitcoin market? I just do not see how that would work for them.

Tue, 05/19/2015 - 01:36 | 6108671 JustUsChickensHere
JustUsChickensHere's picture

It is very early days with Bitcoin and even earlier with Dash (rebranded DarkCoin) .... but crypto currencies are an electronic cash .... IE. Not held or issued by a bank.  Strictly electronic of course, which has some advantages and some disadvantages when compared to physical cash.

The disadvantages are  (1) the possible tracking of transactions (Dash addresses that), and (2) the need for a functioning network., (3) currently only accepted by a small number of people.

The advantages are (1) invisible to other thieves (aka the DEA), (2) vastly more portable than physical cash, (3) can not be counterfieted.

Bitcoin like cash, has no counterparty risk. With careful security it can not be siezed.  Both cash (any currency including PM's) and Bitcoin have systemic risk... they all rely on shared faith that they can be exchanged for real items of value in the future.

Mon, 05/18/2015 - 18:16 | 6107389 FreeMoney
FreeMoney's picture

Fiat Money, what ever its form, only has the power we give it through belief.

Prior to Fiat there was Fiat backed by precious metals

Prior to backed Fiat there were PM minted coinage.  Silver dollars, english sovereigns ect.

Prior to minted coin there was barter

Do you really think there was no drugs, gambling, or prostitution prior to Fiat?

Mon, 05/18/2015 - 18:28 | 6107444 Kirk2NCC1701
Kirk2NCC1701's picture

Your thinking is linear and 2-step.  'Merican*?

Eliminating cash has deeper implications and many consequences -- far worse than the drug trade.

The worst one is that YOU become the walking, talking currency currency.  Not only are your purchases and habits tagged and tracked in real time, but so are you.  

You, your habits, and your relationships will be analyzed and  coded.  Adaptive predictive models will anticipate your purchases.  Welcome to the NWO preserve.  Starting with any kind of Cash Limit, no matter its level, sets precedent for lowering said Ceiling in the future -- thanks to Plastic, Phones, Crypto-currencies and Biometrics  (fingerprints, voice prints, etc.).  BTW, every time you try to pay hills by phone and it lets you make a selection by dial pad or by voice, the voice part is added to NSA's collection of your voice prints, for future analysis and usage.

 

* "The land of simple solutions for simple people"

Mon, 05/18/2015 - 19:26 | 6107675 silverer
silverer's picture

I'm not so sure.  The transaction would have to be identified as a drug trade.  What if a person bought a "painting"?  That's what the transaction record shows.  All documented, all the paperwork in order.  Except the painting wasn't worth $10,000.  But hey, it was worth it to the buyer.  But it wasn't just the painting he got for 10K, of course.

Mon, 05/18/2015 - 17:28 | 6107207 BlowsAgainstthe...
BlowsAgainsttheEmpire's picture

Just how much will society take before they say no?

 

Until there is wide-spread destitution.  We're not even close.

Mon, 05/18/2015 - 18:01 | 6107321 SDShack
SDShack's picture

Yep, I have said for years it will take the sheeple literally starving in the streets before real change will come. Of course when it starts, TPTB will unleash the full security state to squash it dead before it can really get going. That's when it really gets interesting, but we are a long way from that. I suspect the New Feudal World Order will be well entrenched before any of the above happens. Plan accordingly.

Mon, 05/18/2015 - 18:34 | 6107427 Schaublin
Schaublin's picture

Starving people do not fight back and some history will reveal that usually, ambitious groups of men within (or with links to) the establishment who see the weakness of the system will harness the discontent of the ordinary people and crucially, at least some of the military to overthrow the old order. 

Mon, 05/18/2015 - 17:29 | 6107210 Fun Facts
Fun Facts's picture

Totalitarianism begins with absolute control of the "money".

Give the idiocracy trinkets and beads to work with. They're too dumbed down to understand what is happening to them.

Mon, 05/18/2015 - 17:41 | 6107242 brokenspoke
brokenspoke's picture

The trinkets and beads is the cash in circulation that they never have to redeem, as it is backed by Faith only.

 

 

Mon, 05/18/2015 - 17:43 | 6107250 saltoafronteira
saltoafronteira's picture

People who accepts such a monstrousity without questions, deserves it ithout reserves. sic transit gloria (?) mundi.

Mon, 05/18/2015 - 17:44 | 6107252 messymerry
messymerry's picture

We need to bring back the, "Wanted Dead or Alive" posters.  Could I have some suggestions for likely candidates...

;-D

Mon, 05/18/2015 - 17:56 | 6107304 Chuck Knoblauch
Chuck Knoblauch's picture

Little big man.

Mon, 05/18/2015 - 17:45 | 6107262 Dixie Flatline
Dixie Flatline's picture

Judicial Blindness is a heck of a thing.

Mon, 05/18/2015 - 17:46 | 6107265 two hoots
two hoots's picture

All forced to have their money flow through private banks or you have no money?  What a windfall for banks.  But it really is about control and bean counters scrapping the bottom for revenue.

 

Mon, 05/18/2015 - 17:50 | 6107271 Zen Master
Zen Master's picture

Ugh... the system is too dependent on the underground economy. In "God" (gold, oil and drugs) We Trust. Elliminating cash...That ain't happening any time soon. It's just a betta test, folks. RELAX!

Mon, 05/18/2015 - 18:19 | 6107406 SmallerGovNow2
SmallerGovNow2's picture

They will do it in pockets. Metro area as a test first. That will be your warning 

Mon, 05/18/2015 - 19:57 | 6107775 TeethVillage88s
TeethVillage88s's picture

You are making sense here.

I haven't imagined much yet.

Perhaps many phases with group of both geographic like urban areas... First a few Cities in different states.

And target by wealth level or those that use the payday loan services, stores that get the most cash,... I'm not sure if they would ignore convenience stores first or go for them... Restaurants, Dollar Stores, Convenience Stores, Gas Stations, Tobacco Stores, Liquor stores, soft drink purchases, ...

Fairs, Farmers Markets, Flee Markets, Neighborhood Sales, Garage Sales, Swap Meets, Church or School Fund Drives... should be last.

Mon, 05/18/2015 - 17:50 | 6107280 smacker
smacker's picture

"Just how much will society take before they say no?"

A whole lot more than most people think.

Mon, 05/18/2015 - 17:53 | 6107293 Chuck Knoblauch
Chuck Knoblauch's picture

If cash is banned in the US, and it's not done globally, another currency will fill the void in the US.

It will become a blackmarket currency, only if it's backed by gold or some combo thereof.

This is like watching a train crash in slow motion.

Anyone else feel that way?

The planners think they are so clever.

Maybe arrogance will be their downfall once again?

We all realize that the issue of a commodity based currency is an automatic declaration of W A R.

Mon, 05/18/2015 - 18:03 | 6107337 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

If the Chinese back the renminbi with gold, then hell yes, lets all use that!

Mon, 05/18/2015 - 18:09 | 6107360 Chuck Knoblauch
Chuck Knoblauch's picture

The Chinese order -

GUN CONFISCATION OR ELSE WE ISSUE GOLD BACKED CASH.

Bet your ass that's the deal.

Mon, 05/18/2015 - 18:23 | 6107419 FreeMoney
FreeMoney's picture

Unlike the libtard west, the Chinese love there gold and will always do what is in their favor.  If they backed renumbi with gold it would only be for as long as it was in their favor.

Mon, 05/18/2015 - 18:44 | 6107483 Kirk2NCC1701
Kirk2NCC1701's picture

Gold will retain value to CBs, Jewellers, Collectors and industry. 

Gold shills (miners, brokers, dealers) who benefit from the gold trade will keep flogging it, but I no longer believe that it will have any money-related value (no gold-backed currencies will exist.  Not in a digital world of neo-Feudalism. 

I am deeply saddened, disappointed and kinda pissed at this realization, knowing/fearing that my Peak Gold stash will not serve the purpose intended.  I have no choice but to keep what over-allocated amount I have, but be damned if I'll let said gold shills drag me deeper into their pit.

Mon, 05/18/2015 - 19:29 | 6107688 silverer
silverer's picture

But it's funny, isn't it, how the people in power crap on it, always want it?  it's their Achilles heel.

Mon, 05/18/2015 - 19:48 | 6107746 TeethVillage88s
TeethVillage88s's picture

I don't have a good link for gold price from the 1970s forward. I remember my father saying that the Krugerrand was good and many enjoyed the value.

But think gold was sub $500 an OZ prior to 2008 Crisis. Then it soared, then it retracted after a month or so at the top at like $1900 an OZ.

This points to gold price growth (shift) only in crisis.

You should be able to expect permanent gold price hike in a periodic dollar crisis which would permanently up-shift gold price.

"Quickening" should make this happen more frequently.

The problem is globalism.

Globalism is the price that Chinese pay for gold. If you held gold from the Chinese Revolution it would have enormous growth compared to the USD.

But I'm just guessing, assuming, and imagining all this.

If Gold is worth $1200 USD today... but the Dollar inflates differently that the Yuan and other currency... the value is vague.

Tue, 05/19/2015 - 00:11 | 6108552 damicol
damicol's picture

What idiots like you fail to understand is the value of gold is constant and unchanging.

It has changed its value one iota over thousands of years.

The ONLY thing that changes is the fucking ponzi fiat garbage printed by CB.s since time immemorial.

Gold never goes down, only the fucking idiots and the manipulators value the dollar higher.

Once you clearly understand that and make gold the basis of stability, and see ALL currencies against that then you are free to have your stash backed by gold and move freely amongst waxing and waning fiats by using your gold as the collateral.

 

Mon, 05/18/2015 - 17:55 | 6107298 A Lunatic
A Lunatic's picture

No means maybe.....

Mon, 05/18/2015 - 18:24 | 6107328 BoPeople
BoPeople's picture

"The bail-in that took place in Cyprus managed to get away without bloodshed. The people just took it."

I am glad they think so. See, the government/bankers/so called leaders expect people to act in the same way they think they would. That is not the case. Has any evil empire lasted forever? No? Why? If you think it can without the will of the people, then you need to re-read Machiavelli.

The psychopaths may think they are tigers and the people are sheep. That is also not the case. They do not get it. A Tiger is a solitary animal, would never be afraid of sheep or depend on sheep to protect it.

Hopefully no one will help them understand their error.

Mon, 05/18/2015 - 18:09 | 6107356 Kirk2NCC1701
Kirk2NCC1701's picture

If Russia and China decided to back their currencies with yellow and black gold, it would rock the Euro.

As long as they don't do this -- and I predict that they WON'T -- the Rothschild subsidiary that is the Euro will continue.   Eliminating cash will make it immune to any future attack by these two, as the Peasants will have no financial recourse against the tyranny of their masters. 

This, in turn, will eventually force Russia and China to do the same thing,  and thus usher in the financial OWG:

"One Ring To Rule Them All." -love, the Antichrist 

Mon, 05/18/2015 - 18:24 | 6107430 TeethVillage88s
TeethVillage88s's picture

Sorry I'm a little distracted here, but would think the convertibility to Gold is a No-Go for all countries.

Any guesses out there on ZH on if a country would state they are backed by gold & silver, but would not allow conversion to PM.

Just never thought of this. Maybe we all think in terms of a Renminbi, basket of assets. So maybe the Era of Wealthy Nations converting to gold is forever gone.

My guess is you are right, EU would never go back to Gold.

But it is kind of EU Arrogance. Russian & BRIICS could go to Gold Some Day. EU & USD could lose luster and value through debt and Trade imbalance.

Mon, 05/18/2015 - 18:50 | 6107532 Winston Churchill
Winston Churchill's picture

All empires start with sound money, and then deteriate.

Nothing stopping the Chinese backing yuan with gold until the RpW is fully emeshed

into their empire. Come into my parlor......

Mon, 05/18/2015 - 18:18 | 6107398 Jack D. Ripper
Jack D. Ripper's picture

Comparing voters to sheep is unfair to sheep. People will accept anything provided some "expert" on TV tells them it it OK.

Nature abhors a vacuum. Television fills that vacuum.

Mon, 05/18/2015 - 18:25 | 6107433 Niall Of The Ni...
Niall Of The Nine Hostages's picture

Any society that dares say no will be reduced to radioactive ash as a warning to others. Simple as that.

In any case, most people are too busy trying to survive from day to day to fight back. In the class war our masters have us on the ropes. It's not a matter of when they'll deliver the coup de grace, but when. 

Mon, 05/18/2015 - 18:28 | 6107439 Kreditanstalt
Kreditanstalt's picture

How much will they take?

 

A LOT...the masses love and depend on 'their' governments, their "Constitution" and 'their' laws.   SUPPORT THE SYSTEM!

Mon, 05/18/2015 - 19:05 | 6107594 TeethVillage88s
TeethVillage88s's picture

Maybe if we get 'truth in lending' after all they put us on their systems... then they charge us fees or percentages.

Go off-shore on a vacation and use ATM or Credit Card in foreign currency they take a bigger cut. In fact there was a class action lawsuit in the 2000s about predatory rates charged by TBTF Credit Cards... Transaction Fee, then a percent of like 3% or more.

I'm sure if people see what the charges are they will flee in the other direction (except for the poor people).

Seems like Elizabeth Warren's Bureau of Consumer Financial Protection would get involved in this.

CFPB, Richard Cordray

But so far I don't see honest Brokers in FBI, SEC, FINRA, FTC, GAO, or CBO

Mon, 05/18/2015 - 20:53 | 6107960 mastersnark
mastersnark's picture

The only way to change the system is to participate in the system. Obviously.

Mon, 05/18/2015 - 18:28 | 6107440 Oscar Mayer
Oscar Mayer's picture

This is explained in Banning Cash - Part II

On "Bail-ins": What a stupid farcical joke.  All deposit accounts are BANK DEBT!  How in the hell can they take a debt to pay a debt?

Mon, 05/18/2015 - 18:31 | 6107449 Kreditanstalt
Kreditanstalt's picture

You're a "Positive Money"/Ellen Brown/Greenbacker, aren't you?  You want the Federal Government to have total power to "create" money...God Forbid.

Mon, 05/18/2015 - 19:24 | 6107670 TeethVillage88s
TeethVillage88s's picture

Thing is we get an IOU from the Bank, a Credit, and the bank gets a debit (Liability).

I'm not a bankers or finance guy or even an Economist.

It is not like we are becoming official lenders, but maybe someone can correct me.

** Logic? **

Banks are pulling a fast one, just like when they said Current Account Balance no longer made a difference and that Federal Debt Levels don't matter, and having a Private Corporation as a Central Bank makes no difference.

Seems like a Reverse Loan if you deposit and get NIRP. But Reverse mortgages are pretty new inventions too.

We can't put our hands on anyone in Government that will admit to having responsibility for the Stewardship of the World Reserve Currency, US Petro-Dollar. If you go to the Treasury Mission Statement and Objectives they have shed all responsibility. Plus you can't get anyone in Congress to REVEAL INFO & DATA let alone take responsibility. The Fact is that Private Corporations Enable "govt Secrecy".

www.occ.gov/ topics/ consumer-protection/ truth-in-lending/ index-truth-in-lending.html
The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost ...

The old Boomers have these 'memes' about patriotic world wars and how independent the FED is. BS. The FED has transferred Wealth from the Middle Class to the Wealthy and sat back and kept quiet while the Trade Imbalance soars and foreigners and privileged Americans transfer our birth right wealth out of country.

Here is another big bubble, jumped 8% in Financial Crisis as the USA Surrendered Sovereignty:

Federal Debt Held by Foreign & International Investors as Percent of Gross Domestic Product, 2014:Q4: 34.75940 Percent of GDP,
http://research.stlouisfed.org/fred2/series/HBFIGDQ188S

Current Account Balance: Total Trade of Goods for the United States©, 2013: -703,911,000,000 US Dollars,
Sum Over Component Sub-periods (2013 was last data),
http://research.stlouisfed.org/fred2/series/BPBLTD01USA637S

By this chart we are still in Credit Bubble Territory.

Bank Private Credit to GDP for United States
2011: 55.47615 Percent,
http://research.stlouisfed.org/fred2/series/DDDI01USA156NWDB (Credit to GDP)

But this one looks worse (Delinked to Deposits? Bubble 1996, 1998, 1999):

Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for United States, 2011: 189.51640 Percent, DDDI12USA156NWDB,
http://research.stlouisfed.org/fred2/series/DDDI12USA156NWDB

Mon, 05/18/2015 - 18:41 | 6107447 BoPeople
BoPeople's picture

After the plague in Europe, the wealthy landowners were left to till their own fields as the remaining unhappy peasant workforce, left the farms for better opportunities in the cities.

Maybe if the arrogant and selfish landowners had treated he peasants better, they would not have broken their backs or lost their lands.

Sheep indeed.

Right now the banks are blind to the fact that they are completely dependent on the people (they think they are above the people and do not need them) ... and because of this belief, they are breaking their contract with the people. Re-read your Machiavelli asshats.

The revenge of the people does not happen overnight, nor does it happen violently. It happens culturally.

Mon, 05/18/2015 - 18:41 | 6107491 TheFourthStoog-ing
TheFourthStoog-ing's picture

Stop whining, pay your taxes and obey the law and you'll have nothing to worry about.

It's the Zeroes who are actively flouting our nation's laws that we should be investigating.

Mon, 05/18/2015 - 19:19 | 6107655 silverer
silverer's picture

Actually, anyone who works is a criminal.  Look at what they managed to donate to and build.  All workers should be arrested.

Mon, 05/18/2015 - 19:22 | 6107657 Dickweed Wang
Dickweed Wang's picture

Stop whining, pay your taxes and obey the law and you'll have nothing to worry about.

Yeah right . . . what an asinine statement . . . Just like the guy on his way to LA from Detroit who had his life savings of $16,000 taken by the DEA for absolutely no reason whatsoever had "nothing to worry about".  As long as there is a two tiered system of justice in the USA everyone not in the .1% has something "to worry about".

Mon, 05/18/2015 - 19:25 | 6107674 One Eyed Jack
One Eyed Jack's picture

Go fuck yourself... And you'll have nothing to worry about

Mon, 05/18/2015 - 19:29 | 6107692 nmewn
nmewn's picture

Its not Stooging, this asshole is a ten week old troll.

Tue, 05/19/2015 - 00:04 | 6108538 tarabel
tarabel's picture

 

 

Did someone steal your last "e" or are you "mask"-querading as the other guy?

Mon, 05/18/2015 - 21:38 | 6107493 are we there yet
are we there yet's picture

Inflation is a tax on cash, deflation is a tax on debtors. Stagflation is a drain on everyone. Politicians cause all three.

Mon, 05/18/2015 - 18:43 | 6107500 stonehands
stonehands's picture

And the .gov puts their official endorsement on each and every liquor bottle so the sheeple lovingly drink to forget.

Mon, 05/18/2015 - 18:55 | 6107554 windcatcher
windcatcher's picture

A cashless society is a fascist government and bankster wet dream. There is a cash economy in the USA that the GREEDY banksters want control of: Rummage sales, farmers markets, Craig’s list, E-bay, cleaning lady, can collector, yard work, handyman, weed dealer, mechanic work and many others compose an undercurrent economy. The government fascist want tax and the banksters want total control of ALL markets and financial transactions.

A cashless society is a totalitarian fascist society.

Baaa! Baaa! Welcome to your new world of Camden and Detroit at large or bring the bankster criminals to Justice.

Mon, 05/18/2015 - 18:57 | 6107564 TeethVillage88s
TeethVillage88s's picture

Like Mafia they want a percent of the Concessions.

Mon, 05/18/2015 - 19:02 | 6107584 TheFourthStoog-ing
TheFourthStoog-ing's picture

I plan to be part of the constabulary that searches Zeroes' homes for gold and silver.

Mon, 05/18/2015 - 19:17 | 6107646 silverer
silverer's picture

We'll make sure we keep a lot of that worthless paper on hand for you.

Mon, 05/18/2015 - 19:46 | 6107741 nmewn
nmewn's picture

Sounds like your days as a constable are numbered.

Mon, 05/18/2015 - 20:41 | 6107904 One Eyed Jack
One Eyed Jack's picture

Careful I understand that activity is linked to LEAD poisoning.

Tue, 05/19/2015 - 00:02 | 6108531 tarabel
tarabel's picture

 

 

I plan to be part of the avengers who raid your house and take it all back.

Mon, 05/18/2015 - 19:17 | 6107642 silverer
silverer's picture

People were designed to be stupid.  That way they could be managed by stupid people.

Mon, 05/18/2015 - 19:29 | 6107689 Parisnights
Parisnights's picture

Rise and rise again until lambs become lions.

Mon, 05/18/2015 - 19:43 | 6107732 q99x2
q99x2's picture

Bitcoin last price: $233

Mon, 05/18/2015 - 20:17 | 6107841 falconflight
falconflight's picture

Couldn't the central gov'ts / banks simply file suit claiming a criminal enterprise, and poof?

Mon, 05/18/2015 - 20:37 | 6107891 One Eyed Jack
One Eyed Jack's picture

Ban governments and the criminals that they "employ"

I'll answer the question when will it be enough?

When it personally effects enough individuals through direct personal loss be it economic, health, property, child, spouse, sibling or parent.

What ever the trigger event may be is unknown; However what one can imagine is that when it does begin it will be barbaric, violent and pervasive.

When the modern machinery and conveniences grind to a halt millions will suffer tens of millions world wide will die.

The result will be a return to feudalism and a second dark age. Much in the way that Rome fell.

Those that will benefit from this will be the decendents of those that have in perpetuity, that is unless they are held accountable and the genetic line erased.

Mon, 05/18/2015 - 20:55 | 6107961 Chuck Knoblauch
Chuck Knoblauch's picture

https://vimeo.com/63904433

The politics of contraband.

Will vice disappear with cash, or will all vice become legal?

 

Mon, 05/18/2015 - 21:24 | 6108064 DaveA
DaveA's picture

Neither. Vice will use some other commodity (such as Liquid Tide) to settle trades, and governments will forgo a lucrative source of seigniorage.

Tue, 05/19/2015 - 00:22 | 6108579 northern vigor
northern vigor's picture

 Revelations 13:17 goes...so they could not buy nor sell without the mark of the beast..."

"Beast" was always known to be the government at the time period. Going cashless and needing a government debit card is one of the first steps. 

Tue, 05/19/2015 - 06:14 | 6108845 Brazen Heist
Brazen Heist's picture

Society is too busy playing candy crush saga to even lift their heads up from their smartphone screens to notice democracy around them slipping away, by the relentless forces of corporate fascism.

Do NOT follow this link or you will be banned from the site!