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The Case For Outlawing Cash

Tyler Durden's picture




 

Submitted by Bill Bonner via Bonner & Partners (annotated by Acting-Man's Pater Tenebrarum),

Losing Confidence

September is here. As expected, market volatility is increasing. The Great Zombie War is intensifying. And investors are getting scared. 

Burning_Money

Now they even want to do away with the State’s own scrip – because it might help you to escape the depredations of madcap central bankers.

 

Yes, investors are losing confidence…they’re probably losing confidence in corporate managers, for instance. Who wants to own stock in companies run by numskulls who buy back shares in their companies at record prices just before a major sell-off?

 

DJIA, daily

The still yo-yoing DJIA – “investors” (we use the term loosely) came back out to play on Wednesday already, via StockCharts, click to enlarge.

 

Or maybe they’re wondering whether the world’s $200 trillion in total debt (roughly 300% of total output) can possibly be paid back? Or maybe they’re beginning to puzzle out how scammy and fraudulent the Fed’s policies are.

But watch out! Reeling from the jabs of the last two weeks, expect a strong counterattack from the zombies and their allies. Some Fed governor will come forth – maybe even Janet Yellen – and tell us not to worry about a return to more “normal” interest rates anytime soon.

We’re way too far into the weird to get anywhere near normal now. And surely Wall Street shills will be in the news explaining how markets become unreasonably fearful from time to time. They will tell investors that it is time to hunt for bargains. Dow 25,000! Why not?

And they may be right. There’s bound to be an inflationary blow-off waiting somewhere ahead. Stocks will soar. But not before they crash.

 

Retiring Another “Barbarous Relic”

In the meantime, watch your rear: There’s a serious counterattack coming. It will be an attack on our supply lines. The cronies and the feds will attempt to cut off our finances and our line of retreat, trapping us between the anvil of the market’s deflation and the hammer of the Fed’s inflation. There will be no escape, no way out.

Last week, the influential Financial Times newspaper ran an article calling for the abolition of cash. It was titled “The case for retiring another ‘barbarous relic.’” And it claimed that cash causes “a lot of distortion in the economic system.” Can you believe it? Cash causes economic distortions! From the FT:

“The existence of cash – a bearer instrument with a zero interest rate – limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory.”

It also repeated the familiar claims that cash also is what finances terrorism, tax evasion, and the black market. Making cash illegal, it says, would “make life easier for a government set on squeezing the informal economy out of existence.”

 

obey_dees_480

The FT failed to mention that it will make it easier to make you obey, which would cut down on the subliminal ad costs.

 

You see where this is going, don’t you, dear reader? If the feds are able to ban cash, they will have you completely under their control. You will invest when they want you to invest. You will buy when and what they want you to buy.

You will be forced to keep your money in a bank – a bank controlled, of course, by the feds. You will say that you have “cash in the bank,” but it won’t be true. All you will have is a credit against the bank. (Bank deposits are nothing more than IOUs from your bank to you.)

 

A Tax on Your Bank Deposits

As it is now, your bank will have some cash on hand in its vaults, but not nearly enough to satisfy all the claims against it. If this new attack succeeds, by law, it will have no access at all to cash. And neither will you…

You will be completely surrounded. If the feds want to force you to spend… or invest… your money, they will simply impose a “negative interest rate.” They will do this by simply imposing a fee, or tax, on deposits greater than the interest rate you receive on your savings.

In 2001 in Argentina, they closed the banks. When they reopened, dollar holdings had been converted to pesos, with a loss of roughly two-thirds! In 2013 in Cyprus, they whacked large accounts with a 50% tax to help recapitalize the banks.

 

argentina

In 2001, Argentina’s citizens thronged the streets in their thousands protesting when they realized they were about to be robbed to save the banks – to no avail.

 

And in the U.S., JPMorgan Chase recently sent a letter to its large depositors telling them that, as of May 1, it would start charging what it called a “balance sheet utilization fee” of 1% a year. This pushed the net interest rate those depositors were earning into negative territory.

As stocks decline, you can expect more and more people to want to hold cash. If stocks go down 10%, the “opportunity cost” of holding cash goes down by the same amount.

People will want to hold cash. But if this encirclement maneuver works, you will be unable to get your hands on it. All you will have is a claim against some of the most insolvent debtors in the whole economy.

 

Cut Off from Cash

In 2008, almost every major U.S. bank was on the edge of bankruptcy. But if the feds succeed in cutting us off from cash, that will never happen again. Because the banks will just whack us all – with the full approval of the Fed, the cronies in Congress, and zombies everywhere – to make themselves whole again.

Already, several Diary readers have reported that they have had trouble getting cash from their own accounts. (You can read the most recent account in last Friday’s Mailbag.

Banks stall. They impose withdrawal limits. They want you to come in person, etc., etc. Right now, being unable to get cash promptly is merely a nuisance. But just wait… It won’t be long before new initiatives are announced to “stimulate demand.”

Perhaps negative interest rates will do it. Maybe a more general tax. But sooner or later, the next credit crisis will hit hard…

 

bail-in

Consider yourself bailed in, citizen!

Then your inability to get cash will be more than a nuisance. It will be a deathblow. You will be locked into a bank account with a bankrupt institution. And the feds and their bank cronies will tell you when and how you can have access to your own money.

The feds will announce a “bank holiday.” They may ban transfers to gold sellers or foreign currency accounts. Or maybe it will just take time – while your money loses value rapidly – to get your money out. If this new campaign succeeds, it will be almost impossible to protect yourself.

 

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Sun, 09/06/2015 - 14:17 | 6515799 knukles
knukles's picture

Everything's fine.  Just fine.

https://www.youtube.com/watch?v=8CtjhWhw2I8

Sun, 09/06/2015 - 14:23 | 6515816 coinhead
coinhead's picture

Go ahead and ban cash, couldn't care less... we've got gold, silver and Bitcoin available... up and running.  Your move bitchez!

Sun, 09/06/2015 - 14:26 | 6515820 JungleCat
JungleCat's picture

While they are at it, ban destructive and bloody throat-slitting revolutions, too.

Us peasants must be continuously reminded that everything is awesome, and that everything is cool when you are part of a team. We may be a team of galley slaves, but we are a team nonetheless. Which makes it (and us) cool.

Sun, 09/06/2015 - 14:29 | 6515843 TeamDepends
TeamDepends's picture

We will use Hank Paulson as a battering ram at the gates of the Fed. Onward ZH soldier!

Sun, 09/06/2015 - 14:33 | 6515859 Looney
Looney's picture

If cash is banned, how would the CIA pay Al Qaida and ISIS?  ;-)

Looney

Sun, 09/06/2015 - 14:44 | 6515879 TeamDepends
TeamDepends's picture

Fraudcoin. It's probably already up and running.

Sun, 09/06/2015 - 14:51 | 6515912 Divine Wind
Divine Wind's picture

 

 

 

I just can't get my head around the concept of a cashless society.

I can't see it.

How will corrupt politicians actually get bribed and not leave a trail?

How will corrupt politicians pay out shut up money for buggering little boys?

How will corrupt politicians be bought off to influence legislation?

More importantly:

How will the CIA generate revenue for programs and projects that can not come under Congressional oversight?

How will multi-billion dollar drug cartels transact business?

For these reasons alone, I just can not see how a cashless society in the U.S. could ever come into existence.

There are far too many powerful interests that will be impacted to allow this to happen.

Just my take...

Sun, 09/06/2015 - 15:24 | 6516000 chunga
chunga's picture

I still believe a federal license will be required to possess cash for any reason. Everybody with an SS# will receive their temporary license upon recieipt of signed acknowledgement of expiration of said license. All cash transactions must be accompanied by current cash license numbers. After that date possession of cash for any reason is a crime.

Of course, this will apply only to sheeple. There will be official exemptions because rule of law and fairness enforcement. Watch the fedz get the ball rolling on this by offering early participants a helicopter drop of QE, not in fiats, but in stawks.

Sun, 09/06/2015 - 15:30 | 6516016 Divine Wind
Divine Wind's picture

 

 

 

Interesting.... interesting.....

 

Sun, 09/06/2015 - 21:14 | 6517025 Keyser
Keyser's picture

The moronic, myopic central bankers have completely lost it... Outside of the realm of western influence, which is roughly 6 billion people, cash is still king... How the hell do they plan to turn India or China or the Philippines or Iraq or any other developing nation into a cashless society... Just more evidence that it's time to drag all the bankers out into the streets and lop off their heads as they have lost control and are grasping at straws to save their own sorry asses at our expense... 

Sun, 09/06/2015 - 15:24 | 6516001 techpreist
techpreist's picture

It's pretty easy. I have seen "campaign consultants" pull $200,000 a year to basically make a few phone calls and hobnob at a few parties. With the right job given or the right severance package paid, or after these the right transfer of property (perhaps seized through eminent domain), there will be a way to keep the bribery going.

Regardless, the only reason the idea is being promoted, is to try to get NIRP to "work." Because ZIRP was so successful.

Sun, 09/06/2015 - 15:31 | 6516018 Divine Wind
Divine Wind's picture

 

 

 

Another interesting comment. Thanks, Manno.

Sun, 09/06/2015 - 15:38 | 6516035 Caught_Fish
Caught_Fish's picture

The movie "In Time" has very poignent scenes depicting possible cashless scenarios.

Sun, 09/06/2015 - 15:42 | 6516045 californiagirl
californiagirl's picture

Banks get a slice (fee) of every electronic monetary transaction that anyone does. This is not the case with cash. So why would the banking industry be interested in getting rid of cash? 

Sun, 09/06/2015 - 16:18 | 6516079 californiagirl
californiagirl's picture

And I don't have to worry about having my identity stolen or being spammed with all kinds of directed advertising when I pay with cash. So corporate America also wants to eliminate cash.

The goverment is already giving out debit cards for welfare programs so banks can fleece more fees and even the IRS wants you to take your refund in the form of a plastic card. So the government is clearly on board with enabling a further transfer of wealth to banksters.

Sun, 09/06/2015 - 16:52 | 6516196 El Vaquero
El Vaquero's picture

The CIA and drug cartels can just get the big banks to launder large sums of credits.  It's the street level dealers that will start getting innovative when it comes to what is used for currency.  But yeah, banning cash would really fuck a lot of things up.  The bankers may want it, but fuck'em, they deserve to hang. 

Sun, 09/06/2015 - 17:23 | 6516285 milking institute
milking institute's picture

Yes,you would think,of course governments and officials will be exempt,just like obummer care and insider trading. laws are for you little people,now shut up and go back to work,dammit....

Sun, 09/06/2015 - 14:42 | 6515880 Captain Debtcrash
Captain Debtcrash's picture

Societies understanding of the freedom that physical cash provides died with those that were adults during the great depression.   Banning cash will give them the ability to do what they want to do, implement significantly negative rates.  It will only result in super bubbles, but it is the only option when stuck at the lower bound, remove the lower bound.  Only possible by banning cash. 

Sun, 09/06/2015 - 15:10 | 6515961 larry david
larry david's picture

I don't understand this line of thought at all. 

Do you think it would be hard for the CIA to move funds without cash? If anything, cash leaves a papertrail moreso than an electronic transfer that they only can see. The CIA sends an instant bank transfer from their account to someone else. Who the fuck would ever be the wiser? Then the receipient uses a debit card or whatever to spend the credits.

That's like the last thing people should think would stop them.

There are endless ways to move money without the public knowing. Do you think the military black budget is paid in cash? Hahahahhahahahahahahahahhahahaha ha ha ha ah ah ah ha ha ha ha ha haaaaaaaaaaaaaaa

 

Does anyone really know the true balance sheet of JPM/Goldman/DB?

Does anyone really know the true level of government spending?

Does anyone really know how much gold there is in the valuts at Fort Knox? 

Does anyone really know the true balance sheet of the FED? Fuck no. They have backdoor ways around things such as Belgium or whatever. And you have no clue how bad things really are.  

Sun, 09/06/2015 - 15:08 | 6515905 38BWD22
38BWD22's picture

 

 

I saw Bill Bonner's LONG video last night (http://usadownfall.com).  Yes, of course it was promotional (at the end he offers his new newsletter), but he explores at great length this idea that there is a cash shortage, and that a credit failure is quite possible, and THEN we're screwed.

 

One of his thoughts is that even if CA$H is outlawed, TPTB would find a way to HIDE THEIR TRANSACTIONS AND ASSETS.  

 

Grr...

Sun, 09/06/2015 - 15:10 | 6515962 formadesika3
formadesika3's picture

Yes yes yes, we know…

More alarmism over banning cash.

Who wants to haul around a lot of smelly, germ-infested paper anyway?!  I don’t. Cash is a nuisance. Doing away with cash strikes a death blow to the underground economy, including for drugs, prostitution, pornography, weapons, assassinations. Who can argue that this is a bad thing?

If everyone is required to use a debit or credit card, it solves a lot of problems. Economists such as Mr. Buiter have carefully thought this through. They are the experts. We should let them do their jobs. First thing Tuesday morning I’m going to call my Congressman and both Senators and tell them to get on it!

 

-from the Conscience of a Progressive Libertarian

Sun, 09/06/2015 - 15:17 | 6515988 stljoe
stljoe's picture

Progressive libertarian? Jumbo shrimp? Humanitarian nazi?

Sun, 09/06/2015 - 16:59 | 6516210 J Jason Djfmam
J Jason Djfmam's picture

Military Intelligence?

Sun, 09/06/2015 - 20:26 | 6516865 New_Meat
New_Meat's picture

Fiduciary Responsibility

Sun, 09/06/2015 - 16:23 | 6516128 wendigo
wendigo's picture

Drugs and prostitution are good things, or at least neutral. Besides, people have a right to engage in them. 

Sun, 09/06/2015 - 17:32 | 6516319 formadesika3
formadesika3's picture

Not if they harm me they don't!

What if my neighbor smoked a marijauna cigarette, then he went on a rampage, got in his car andran over my cat. Mind, I'm not saying my neighbor smokes marijauna, he seems the responsible sort. But let's forget about my neighbor! It's bad in general. Prostitution I don't know about. I've never seen that kind of comings and goings on my neighbor's property.

Sun, 09/06/2015 - 18:47 | 6516554 J Jason Djfmam
J Jason Djfmam's picture

The dreaded marijuana rampage.

Sun, 09/06/2015 - 21:40 | 6517096 consider me gone
consider me gone's picture

Marijuana cigarette? What the hell is that? Is it like a joint or a blunt?

Sun, 09/06/2015 - 17:05 | 6516225 boattrash
boattrash's picture

Formaldehyde, FFS THINK!
  Say a man has a shop, said man does auto repair for customer, meanwhile building said man a really nice weapon, or lets him bang a really nice whore.
Customer comes to pick up repaired auto, and pays an inflated price (via electronic deposit) to cover the other activity. "Death blow"? Wake up...

Sun, 09/06/2015 - 17:36 | 6516327 formadesika3
formadesika3's picture

Yeah right, this is one of those unrealistic examples straight out of the mouth of Lew Rockwell. lol. that guy is really versatile, he's an auto mechanic, a gunsmith and runs a whorehouse to boot. Not to mention a money launderer!

Sun, 09/06/2015 - 18:02 | 6516400 boattrash
boattrash's picture

Everyone said, diversify...

Sun, 09/06/2015 - 19:42 | 6516729 klockwerks
klockwerks's picture

Thanks for the link on the Bill Bonner video. Every ZH'er should spend the time to watch it. Very simple and to the point. I knew most of it but the way he put it together was excellant. Just good old common sense if you follow daily things, and of course, read the ZH blogs

Sun, 09/06/2015 - 14:37 | 6515874 KnuckleDragger-X
KnuckleDragger-X's picture

Yep, that sounds good...as long as you can find somebody to trade with. Most people doesn't even know what gold and silver looks like anymore, so they will tend to be leery. As for Bitcoin, go to your grocery store, pharmacy etc and try and buy something and remember, there are both executive orders and anti-terror laws that allow them to shut down the net and cell phones to ensure 'public' safety. Cash money as we know it will come to an end, but when the bank run starts it'll suddenly become very valuable... for awhile......

Sun, 09/06/2015 - 16:36 | 6516147 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

I wonder how the price of gold would be fixed if there are no computers and no communications up and running? Who's going to set the price? Maybe shortwave radio news would have that info. But then, how do you convince a shopkeeper that is the current price? I guess pm's would be worth whatever you can get locally. Could be interesting times.

Sun, 09/06/2015 - 14:41 | 6515886 Perimetr
Perimetr's picture

Eliminate Banksters *NOT* Cash

Sun, 09/06/2015 - 17:52 | 6516338 Cruel Aid
Cruel Aid's picture

that chance came and went. they just eliminated their cartel enemies and consolidated.

TBTF got stronger

but i agree.

 oh and they can eliminate or make illegal, bitcoin or pm. we just let them get away with bullshit legislation.

at that point we will all be felons and they can decide who to stick it to. same as it ever was on steroides

Sun, 09/06/2015 - 15:08 | 6515922 38BWD22
38BWD22's picture

 

 

coinhead

While I share your sentiments, I believe that TPTB are (or would be) very strong when they make their move.  Blythe Masters is hard at work to pervert blockchain technology to serve HER likely masters... 

Gold is hard to get on the plane (in quantity).

Bitcoin *might* be pervertable (word?), as "nuestra amiga" Blythe is surely hard at work on.

No.  CA$H is a very important component of freedom.  Bitcoin too.  Let a thousand flowers bloom!

Sun, 09/06/2015 - 15:12 | 6515969 ZH Snob
ZH Snob's picture

at the risk of sounding repetative and unoriginal, all I have to say is

 

BARTER, BITCHEZ!

Sun, 09/06/2015 - 17:32 | 6516318 milking institute
milking institute's picture

totally agree,would create a gigantic bartering industy,no taxes involved of course,oh wait......shit!

Tue, 09/08/2015 - 14:39 | 6523229 fallout11
fallout11's picture

In the 'hood, containers of Tide detergent are often used as a local currency. It can be purchased with SNAP/WIC/government largesse, and resold for bankster fiat, or traded for other goods and services. It is easily recognizeable, is a stable store of value, ages well, comes pre-packaged in specific amounts, cannot be counterfeited easily, and has intrensic utility (for laundry).

Sun, 09/06/2015 - 15:13 | 6515974 JRobby
JRobby's picture

They should be worried. Watch for "divers" if you walk among the tall buildings.

(I only ask that they set themselves on fire before they jump)

Fuck shit show accelerating.

Sun, 09/06/2015 - 14:19 | 6515802 Peter Pan
Peter Pan's picture

I agree that cash should be outlawed...............and gold and silver be reinstated.

Sun, 09/06/2015 - 14:25 | 6515818 Skateboarder
Skateboarder's picture

A barbarous relic of a document once said that 'money' should be gold and silver coin and nothing else. How fortunate we live in more 'advanced' times. Can you imagine such backward thought? Gosh!

Sun, 09/06/2015 - 14:23 | 6515807 Salzburg1756
Salzburg1756's picture

Outlaw credit cards.

Sun, 09/06/2015 - 17:48 | 6516357 Cruel Aid
Cruel Aid's picture

but my cashback rewards keep pace with inflation. lol

Sun, 09/06/2015 - 14:22 | 6515811 Payne
Payne's picture

The Banks are desperate for more revenue.  If they can outlaw cash they expect lots more revenue, fees.  Reasonable assertion.

except they do not have a monopoly.

 

States can issue currency in the form of Gold and silver.  States can have State Chartered banks.  States can probably issue currency in Gold and silver then you can deposit it and get an IOU which can be used as an alternative for cash.  All nice a legal.  Expect Utah, TX, Wyoming to all be interested.

Sun, 09/06/2015 - 14:50 | 6515908 SilverDOG
SilverDOG's picture

If all stay wihtin the margins of "normality".

Me thinks black market and bartering will pummel banks...

into hyperinflaiton x10.

Sun, 09/06/2015 - 15:28 | 6516010 Nikao7
Nikao7's picture

Sure they can until the Feds say otherwise.  They will impose their will in regards to this just like everything else.

Sun, 09/06/2015 - 16:56 | 6516204 El Vaquero
El Vaquero's picture

Yeah, but if a state says "fuck you" to the feds, then the feds are going to have to send the army in to stop them. 

Tue, 09/08/2015 - 14:31 | 6523210 fallout11
fallout11's picture

This, too, has happened before. Most recently in 1861.

Sun, 09/06/2015 - 14:22 | 6515814 Peter Pan
Peter Pan's picture

Time for a joke.

 

Bank robber holds up the teller and then shoots him. He then turns to the male customer on his right and asks if he saw what happened. The man replies "yes" so the robber shoots him. He then turns to the left where a little old couple is standing and asks the man the same question. The little old man replies, "I didn't see anything...but my wife saw everything !!" 

Sun, 09/06/2015 - 14:29 | 6515839 Winston Churchill
Winston Churchill's picture

Don't give up your day job.

Sun, 09/06/2015 - 14:43 | 6515892 Peter Pan
Peter Pan's picture

LOL.  .....I did and my friends now regret it.

Sun, 09/06/2015 - 17:57 | 6516274 boattrash
boattrash's picture

Pelosi is taking a tour of the hospital that her lobbyist built.
She looks into a patient's room, only to see the guy jacking off furiously.

Seeing the shocked reaction, the Dr. explains that the guy has  a condition known as "blueball" and it is very painful if he doesn't relieve the pressure.

Two doors down, she looks into another patient's room, only to see a nurse going down on a guy, giving him a 4-star blow job.

Pelosi turns and shouts "how in the hell do you explain this"?

the Dr. replies, "same condition, better HMO".

Sun, 09/06/2015 - 18:30 | 6516497 38BWD22
38BWD22's picture

 

 

Both above jokes were excellent, thanks for brightening the afternnon!

Sun, 09/06/2015 - 14:25 | 6515821 HippieHaulers
HippieHaulers's picture

What does this mean for my thriving marijuana business?

Sun, 09/06/2015 - 14:26 | 6515828 Peter Pan
Peter Pan's picture

Either way your profits will go up in smoke.

Sun, 09/06/2015 - 14:40 | 6515851 Spiritof42
Spiritof42's picture

It's as good as cash.

I would argue taxes are a barbarous relic that needs to go. They have been with us long before cash. 

The Egyptian pyramids are a reminder to the waste produced by taxes. Massive piles of stone just to appease some morons who believed in an afterlife. The waste spread throughout the world and continues to this day.

Sun, 09/06/2015 - 17:00 | 6516218 J Jason Djfmam
J Jason Djfmam's picture

Bottles of "Tide" detergent will replace cash.

Sun, 09/06/2015 - 19:35 | 6516344 Two-bits
Two-bits's picture

I had intended to log in to make the same comment. +1

 

When push comes to shove, if you don't  hold it, you don't own it is going to cover a wide variety of cash replacements. 

Laundry soap will be good, but short term my "money" is on the addicted's first need. Smokes and booze will hold a higher place than gold or silver in the early stages of what comes next.

Sun, 09/06/2015 - 14:28 | 6515825 anonymike
anonymike's picture

deleted duplicate post

Sun, 09/06/2015 - 14:26 | 6515830 RawPawg
RawPawg's picture

after giving/handing it ALL over to the ex,and living in a friends basement while starting over,i know i could live without the green poison...less fear 2nd time around...brang it...eat m ore Spam,y'all..Yum.

Sun, 09/06/2015 - 14:26 | 6515833 anonymike
anonymike's picture

JustObserving posted this excellent comment earlier on a similar article:

=======================

Cashless societies are very good for control of individuals.  The government does not approve of your opinions and your cash goes to zero instantaneously.

Already more than $2.5 billion in cash legally stolen by the police from over 63,000 motorists that we know of.  Untold billions stolen by your friendly police in many other ways.

America is a fascist police state run by Wall Street, MIC and spooks today.  It would be fascism on steroids in a cashless society in America.

Who rules America? 

The secret collaboration of the military, the intelligence and national security agencies, and gigantic corporations in the systematic and illegal surveillance of the American people reveals the true wielders of power in the United States. Telecommunications giants such as AT&T, Verizon and Sprint, and Internet companies such as Google, Microsoft, Facebook and Twitter, provide the military and the FBI and CIA with access to data on hundreds of millions of people that these state agencies have no legal right to possess.

Congress and both of the major political parties serve as rubber stamps for the confluence of the military, the intelligence apparatus and Wall Street that really runs the country. The so-called “Fourth Estate”—the mass media—functions shamelessly as an arm of this ruling troika.

https://www.wsws.org/en/articles/2013/06/10/pers-j10.html

 

Sun, 09/06/2015 - 14:29 | 6515841 anonymike
anonymike's picture

to which I replied

=================================

Bravo! Bravo!

Keep plenty of cash on hand to retain your freedom to not have all your actions monitored, help others to avoid paying taxes (starve the beast to expedite its demise) and often get a better price with the taxman cut out of the deal.

But don't get carried away, because at some point this cash will be worthless. The only safe investments are things you can drop on your foot or run into, preferably wiith productive capability, but at least something people will value after the collapse of all supply chains, like: salt, water purification, matches, medical supplies, hand crank flashlights and shortwave radios, toilet paper, warm clothes, ammo, arms, a remote place in the country, etc.

Sun, 09/06/2015 - 14:38 | 6515875 RawPawg
RawPawg's picture

^^^^solid plan...great minds,etc,etc

Sun, 09/06/2015 - 14:59 | 6515935 38BWD22
38BWD22's picture

 

 

anonymike and RawPawg are clearly turning out to be yet more gems found here at ZH.  Pleased to see your thoughtful comments.

Sun, 09/06/2015 - 15:16 | 6515982 RawPawg
RawPawg's picture

i am but a simple man...not school in all the ways of this crazy economics situation.but very blessed,and humbled with enough common sense to see the big gloomy picture...ZH just helps confirm with what i have been seeing for a while. thank you for the kind words....xoxoxo.  

Sun, 09/06/2015 - 16:47 | 6516178 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

And also don't forget plenty of disposable plates, bowls, cups, knives, forks, aluminum foil, and spoons. These items last forever! No shelf life. Don't want to waste precious water washing dishes. If you're in the US - Family Dollar is the place to go.

Sun, 09/06/2015 - 18:04 | 6516401 Cheduba
Cheduba's picture

No more cash for cops to steal? Cities would then have to crank up taxes to make up for the lost revenue, which is much more obvious and in your face, which equals tax revolts.

Will this be the ultimate in the law of unintended consequences?

Mon, 09/07/2015 - 00:11 | 6517481 techpreist
techpreist's picture

Nah, what's going to happen is that you go 2 mph ovre the speed limit while going downhill, your car's GPS tips off the county, and $100 is instantly debited from your account.

You get a letter explaining all of it three and a half weeks later saying "If you believe this was in error, you have 30 days from the date of offence to appeal!" A lot of cities are doing this already.

If anything, fines will have an even higher profit margin, with more police freed up to "find" a bag of weed in your house, seize it, and pay for their bonuses from the auction. You don't like it? You can sue them, after they take your house and bank account, of course.

Sun, 09/06/2015 - 14:28 | 6515837 Peter Pan
Peter Pan's picture

I am starting to suspect that Bitcoin might actually be part of THEIR plan.

Sun, 09/06/2015 - 14:51 | 6515909 anonymike
anonymike's picture

just a trial run

Sun, 09/06/2015 - 14:58 | 6515933 SilverDOG
SilverDOG's picture

BitchFace Blythe Masters is involved, she is one of THEM.

Sun, 09/06/2015 - 15:00 | 6515940 38BWD22
38BWD22's picture

 

 

Yes, she is one of THEM.  Bitcoin, while a very interesting technology in which I participate (as a HODLER, not developer) may indeed turn out to be a real problems for liberty and freedom.

BTC must be watched.......

Mon, 09/07/2015 - 00:13 | 6517485 techpreist
techpreist's picture

I'm working out how to take BTC payments for my business, but I'm still of the opinion that it's great for wiring money, but will never be a replacement for PMs when it comes to long-term savings.

Mon, 09/07/2015 - 10:33 | 6518234 Pseudonymous
Pseudonymous's picture

Here is some aggregated info about accepting Bitcoin payments:

https://en.bitcoin.it/wiki/Merchant_Howto

https://en.bitcoin.it/wiki/How_to_accept_Bitcoin,_for_small_businesses

If you need all or nearly all your BTC payments converted into fiat then I think the largest companies that offer that are BitPay and Coinbase. In some industries (e.g. bullion) you may find other significant Bitcoin-accepting businesses (like Amagi Metals for bullion) which you could work with directly in BTC.

And that leads to the second part of your comment. If there are many diverse kinds of uses for a currency, like Business-to-Customer (B2C), B2B, C2C, speculation, confiscation-proof savings, etc. and when volumes there increase, price volatility should go down and make bitcoin more suitable for long term savings.

Sun, 09/06/2015 - 17:17 | 6516263 jcdenton
jcdenton's picture

I guess another pitch for my banker tart video .. (see comment by author, 4 years hence)

https://youtu.be/3VLv-vyrKos

Sun, 09/06/2015 - 14:28 | 6515838 PrimalScream
PrimalScream's picture

I suspect that the "elimination of cash" fits with the overall goals of Surveillance and Taxation.

If people have every transaction done electronically, that means that Government computers can literally read everything you DO - every time you buy something, every time you sell something.  This allows the computer database to NOT ONLY compile a list of every item that you ever bought, but also PREDICT what you are likely to do with them.  Did you just compare the prices of airline tickets to Rome and Paris - then you are probably going on a tourist trip to Europe.  Did you just buy a 22-rifle and ammunition - then you are probably preparing for survival. 

In addition, when the data on peoples' incomes and expenses is completely assembled, the IRS can automatically check everyone's taxes.  It will be impossible to "fudge" tax returns.  So the Govermnent has an incentive to broaden the money they collect through taxes, because literally everything you own, buy and sell will be in a computer. 

I doubt that Americans will support a "cashless society".  But the true motives behind creating such a system - are not what they appear.

Sun, 09/06/2015 - 14:33 | 6515858 Skateboarder
Skateboarder's picture

The overarching intentions are irrelevant to the public. Man don't bat an eyelid to sell his soul for another dose of 'convenience.'

Sun, 09/06/2015 - 17:03 | 6516226 SilverRhino
SilverRhino's picture

If they ban cash the underworld will go right back to gold.  

 

See John Wick as example.  Money laundering gets more interesting but whatever.

Sun, 09/06/2015 - 14:29 | 6515840 ebworthen
ebworthen's picture

Correction - a FED controlled by banks.

Sun, 09/06/2015 - 14:30 | 6515850 SSRI Junkie
SSRI Junkie's picture

this will end up just like the legal system..two tier....little people, no cash, no justice....the oligarchs will continue to be immune from justice and use cash for their illicit transactions

Sun, 09/06/2015 - 17:03 | 6516227 J Jason Djfmam
J Jason Djfmam's picture

Why not skip all the bullshit and ban food and water.

Citizens will become complacent in a foodless and waterless society.

The rich will thrive as rules don't apply to them.

Everybody will be happy.

Sun, 09/06/2015 - 14:32 | 6515854 Chuck Knoblauch
Chuck Knoblauch's picture

The case for outlawing tyranny?

A better case to analyze.

Sun, 09/06/2015 - 14:35 | 6515866 croecko
croecko's picture

So, they got rid of commodity money in the late 60s to give us paper. Now even paper is too much like hard money. But if they only make 'bad' money (as in, money that is easily stolen) available, what is stopping people from just bailing out of money entirely? Hyperinflation, here we come. You can only override Gresham's Law for so long...

https://mises.ca/posts/articles/keep-your-old-dimes-safe/

Sun, 09/06/2015 - 14:36 | 6515872 xrxs
xrxs's picture

Going long Brixton pounds.

Sun, 09/06/2015 - 14:39 | 6515882 Hongcha
Hongcha's picture

A cash ban would work well for local goveernments too.  A little late on the stop light, they scan your plate which is linked to your account and debit the fine.  You don't like it, get in line for six hours and submit your papers.

Sun, 09/06/2015 - 15:04 | 6515946 38BWD22
38BWD22's picture

 

 

Oh, great.  Another thought for my nightmare tonight...  

:p to local .govs doing that crap.

Sun, 09/06/2015 - 14:43 | 6515890 MedicalQuack
MedicalQuack's picture

Sadly the US has become a society of the Dupes of Hazard.  I know I used to write code and like anything else you can do good things with it or cheat and make money at the expense of humans ethics and the latter is what's going on today.  Gone are the days of Bill Gales and Microsoft working to build efficiencies, today it's a code war for money.  

It's all about selling data for easy money too, 180 billion a year of easy money, let the algos do the walking to get that data to sell.  

Operation Perception Deception is sadly alive and well in the US..

http://ducknetweb.blogspot.com/2015/06/operation-perception-deception-into.html

Of course we have news rigging that keeps the deceptions alive and not all news dupes but enough of it does with fake grass root campaigns and so on.  I guess we can expect to see more bot written news now from Bloomberg since they are now laying off 100 journalists.  

http://ducknetweb.blogspot.com/2015/04/news-rigging-has-arrived-astroturf-and.html

 

Sun, 09/06/2015 - 14:58 | 6515934 sandhillexit
sandhillexit's picture

I do think the article in the FT, and others like it, tell us a great deal about the real data they are confronting.  Things are slowing, and the likely policy response, a negative interest rate...seems to be on the cards..... A 1-2% charge per annum, $3000 per $150,000 deposit say, would prompt us all to withdraw large sums of cash.  Why pay a bank to insure your deposits when you can have them in hand?  Such a move on a national scale would accelerate the deflation that already confronts large parts of the economy.  I don't think they understand enough about how a local economy works to understand the need for bearer instruments in small denominations.  

Sun, 09/06/2015 - 15:07 | 6515953 38BWD22
38BWD22's picture

 

 

Kind of makes you wonder if "gold shot" (small & variable "BB-like" gold pellets sold by refiners to jewelers, in various purities, including 24 kt) might catch on.

Some of those little pieces are so small that EXACT PAYMENTS would be possible using gold.  Just have to trust the ones offering gold shot (or have testing equipment).

Sun, 09/06/2015 - 15:07 | 6515952 SilverDOG
SilverDOG's picture

US will make USSR currency exit look like cliff notes edition, short.

Outlawing cash is but a national distractionary threat, right before market adjustment.

Such action would not be favorable internationally, at all.

Alas I do not care however.

Sun, 09/06/2015 - 15:11 | 6515967 MedicalQuack
MedicalQuack's picture

I forgot to mention that the war on cash is alive and well if you use cash when paying for your prescriptions too.  Here's what a pharmacist told me and they get graded on this nonsense too as if you pay cash, you default to a non compliant patient if they can't find enough data about you.  This is some really nasty stuff and the metrics used have zero to do with taking your meds.  Look at the Express Scrips link there and see what I mean.

http://ducknetweb.blogspot.com/2015/07/patients-who-pay-cash-when-filling.html

They don't want cash here either as the drug companies and insurers can't track it and sell your data this way.

 

Sun, 09/06/2015 - 15:12 | 6515971 VWAndy
VWAndy's picture

The case for outlawing cash is simply a weak attempt to regain control of a completely corrupt system that they are losing control over. The shift to a black market economy is well under way. The barter system is growing faster by the day. Because fuck fiat!

Sun, 09/06/2015 - 15:26 | 6515979 Insurrexion
Insurrexion's picture

Droogies,

I was at the hairdresser just the other day to have my blond mane trimmed. The salon's credit card system went down and they could only accept cash. I asked my dear hairdresser what they would do in a cashless society.

Dumb Bitch said, "Well does that mean we would have no cash?"

"Yes. Binky, that's what it means."

"Well, we would be fucked." she said.

 

Ok so, no one fucking cares about my hairdresser. That's not the point.

 

What happens in a cashless society/economy, where the only means of transaction is a credit/debit card/EBT card and we believe in the fantasy that the electronic system will work flawlessly?

Small breakdowns happen daily. Remember the Free Shit Army gladly removing flat-screen inventory from Target?

(forget the other obvious fucked up reasons why cashless economics is a fucked up idea for a minute).

What happens during weather events? (Hurricane Sandy, Katrina...this shit happens every year and they are only going to get larger Bitchez.)

While the Free Shit Army looters are hitting the liquor stores and the local WalMart, how will I get my cooch waxed when the fucking power is out?

What happens during a poorly timed, once in a lifetime Electro Magnetic Pulse event out of the Gulf of Mexico or Canada and the whole fucking nation is down? Satan forbid!

Your fucking credit card and debit card and EBT card will be better used to pick your fucking neighbor's locks before you kill them and take their food and kick the dog on the way out.

But the good news is we will finally have anarchy, sweet anarchy at last, Lord almighty, sweet anarchy at last.

Love, Alexa

 

Sun, 09/06/2015 - 15:29 | 6516012 38BWD22
38BWD22's picture

 

 

That was refreshing, + 1 

Insurrexion is clearly yet another gem here at ZH.

Sun, 09/06/2015 - 15:16 | 6515984 lordbyroniv
lordbyroniv's picture

I am withdrawn from this system.

 

Gone fishing.

 

Good luck people !!!!

Sun, 09/06/2015 - 15:41 | 6516042 divedivedive
divedivedive's picture

Hola ! Nosotros tambien.

Funny how one gets a different perspective from outside looking in.

Sun, 09/06/2015 - 15:17 | 6515987 PoasterToaster
PoasterToaster's picture

They think this is their final solution to their peasant problem, but it's going to be the final solution to their problems in quite another way.

Sun, 09/06/2015 - 16:37 | 6516149 razorthin
razorthin's picture

Let's hope this "final solution" turns out like the last, in the end.  Seems strange to see the Allies on the wrong side...

Mon, 09/07/2015 - 00:25 | 6517503 techpreist
techpreist's picture

There is a passage in the book of Joshua, just before the fall of Jericho, when Joshua stumbles upon "the commander of the LORD's army." An angel of the pre-incarnate Christ. Joshua asks whose side this figure is on, and he responds, "Neither, I am on God's side."

The point being, there is no good vs. evil here. There are competing evils, and unless we see Jesus drop in for the final TSHTF, I am not going to call any of the major players "good." And I will not say that "we" are the good guys, even if the GOP wins in 2016 and the neocons beat the "Onward Christian soldier" BS drum to try and dupe people into thinking that we are the good guys vs. the Muslims, Chinese, whatever. Once the war's over they will be back to liquidating anyone who doesn't buy into the "up is down" philosophy just like they are now.

Sun, 09/06/2015 - 15:20 | 6515990 Albertarocks
Albertarocks's picture

"They’re probably losing confidence in corporate managers, for instance. Who wants to own stock in companies run by numskulls who buy back shares in their companies at record prices just before a major sell-off?"

Exactly.  This is a point I made each time it was pointed out that corporate managers were buying back their own stock in order to "undilute" the number of shares.  True, that practice made their "profit per share" reports look a lot better... but for what purpose?  To be dishonest... that was the purpose.  And what price did these dishonest pricks pay for that deception by artificially painting a better bottom line?  They became the fucking bagholders of their own stock right at the peak.

Corrupt idiots often get what they deserve.  It appears that even the 'brilliant' owners of the Fed are going to have to find that out the hard way.

Sun, 09/06/2015 - 15:33 | 6516027 Pumpkin
Pumpkin's picture

I wonder how well organized crime would accept such a thing.

Sun, 09/06/2015 - 15:56 | 6516072 VWAndy
VWAndy's picture

State approved organized crime is ok with it. Its the nonstate organized crime they need to keep control over. It wont work. But when has that ever stopped um?

Sun, 09/06/2015 - 15:39 | 6516037 Manipuflation
Manipuflation's picture

For my new friend Chunga.  A grain hauler.  That truck is awesome.  You are not really white trash until you have one.  I am guessing that is a 366 engine under the hood.  This truck is fucking cool as hell.  I should buy it for 2K and then park it here at the apartment next to the college kid's shitmobiles.  People already look at me crossways.  They would ask why I need something like that.  Here is why, I can pay cash so fuck off.  I do things my own way.   

Sun, 09/06/2015 - 15:41 | 6516044 roadhazard
roadhazard's picture

Three threads on page one on the disappearance of cash. It's like car commercials.

Sun, 09/06/2015 - 15:54 | 6516064 moneybots
moneybots's picture

Last week, the influential Financial Times newspaper ran an article calling for the abolition of cash. It was titled “The case for retiring another ‘barbarous relic.’” And it claimed that cash causes “a lot of distortion in the economic system.”

 

Such a lie. 

 

The FED leveraging up its balance sheet to over 50 to 1 is causing distortion in the economic system.   Add in the other central banks on top of that.

QE benefitted the banks and the already wealthy.  ZIRP destroyed peoples savings.

Don't even go there with the nonsense that cash is distorting the economic system.  That claim is a fraud.

Sun, 09/06/2015 - 17:55 | 6516381 withglee
withglee's picture

The FED leveraging up its balance sheet to over 50 to 1 is causing distortion in the economic system.   Add in the other central banks on top of that.

50 to 1: What's the 1?

Sun, 09/06/2015 - 16:04 | 6516082 moneybots
moneybots's picture

If cash is a barbarous relic, so are banks.  The Financial Times should want to get rid of both.  So what is the Financial Times ulterior motive?

 

In the digital age, everyone should be their own banker.

Sun, 09/06/2015 - 16:19 | 6516116 moneybots
moneybots's picture

"You see where this is going, don’t you, dear reader? If the feds are able to ban cash, they will have you completely under their control. You will invest when they want you to invest. You will buy when and what they want you to buy."

 

everything moves in cycles, so what happens after that

Sun, 09/06/2015 - 16:35 | 6516138 razorthin
razorthin's picture

And yet we will still refuse to revolt and to release them to elsewhere.

Sun, 09/06/2015 - 16:44 | 6516169 VWAndy
VWAndy's picture

There are many good people that just dont get it standing in the way. They are all that keeps these walls standing.

 They are starting to come around. Too slowly for my liking but they are catching on.

Sun, 09/06/2015 - 17:51 | 6516371 J Jason Djfmam
J Jason Djfmam's picture

razorthin, love that "release them to elsewhere" comment.

Sun, 09/06/2015 - 16:40 | 6516160 deerhunter
deerhunter's picture

Alexa plus 10 for what happens if you want your cooch waxed.  Though a bush in hand is worth two on the streets,  just a thought.

On to page topic,, I digressed a bit there.  Does anyone think that direct deposit is becoming gradually more and more prevalent at smaller and smaller businesses.  I have worked for three employers now that if you wanted to get paid you open a checking account if you dont have one.  If you have no bank account you don't get paid.  Now,  legally I think businesses are still required to get you a paper check if you demand it but who in the hell at a brand new employer is going to make those kind of waves.

Just food for thought on Labor Day weekend.  A fitting weekend for a country our size with 94 million people out of the labor force dont you think?

Good and safe weekend to all.  I do wonder however if China crashes who will pick up the slack for quality firewords manufacturing?  Just wondering out loud. 

Sun, 09/06/2015 - 16:52 | 6516194 AlfredNeumann
AlfredNeumann's picture

Russian officials propose bill to grant every citizen one hectare of farm and forest land to use for self-sufficiency

Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! http://whatreallyhappened.com/#ixzz3kzeiRFXt

>>>>>>>>>>>>>>>>>>>>

Meanwhile in the USA they are fining people who have solar and live off the ''grid''

They fine people for having gardens. and even harvesting rain water from their roofs.

Sun, 09/06/2015 - 17:29 | 6516304 who cares
who cares's picture

The USA cannot do that: it would be the end of the dollar as a reserve currency.

Sun, 09/06/2015 - 18:03 | 6516376 are we there yet
are we there yet's picture

The tighter cash is controlled, the greater the shift to an underground economy that is off the books. Followed By ever greater penalties by the government for being in the underground economy. Slaves who try to run away from the plantation master are beaten ever harder. In many ways we are slaves now on an invisible plantation.
Imagine if George Washington was alive today and tried to sell food from his garden to his neighbor, and was told he could go to jail for doing so.

Sun, 09/06/2015 - 17:58 | 6516387 q99x2
q99x2's picture

Pay no attention to that man behind the curtain this is what you should consider important: Fresh from CNBC: 

Gay Veterans Push for Honorable Discharges They Were Denied
Sun, 09/06/2015 - 18:09 | 6516423 milking institute
milking institute's picture

BTW....gold market opening,time for the traditional MONKEY HAMMERING     3..2..1     will be one of their last desperate effords IMO,things are about to change. demand will soon overpower supply,i give it 3 month max,ofcourse i've been wrong before but looking at the numbers i don't see how they can keep it up much longer

Sun, 09/06/2015 - 18:18 | 6516450 milking institute
Sun, 09/06/2015 - 18:12 | 6516428 Dre4dwolf
Dre4dwolf's picture

If cash was ever banned, one of three scenarios would happen.

A) The only way you will maintain a middle class living standard is if you work for government or the bank.

B) The govt and banks will go broke and the underground illegal cash economy will be the only economy left standing.

C) Everything stays like it is now, just less people in the "legal" economy, and the underground economy goes un-policed "because everyone knows you need cash".

 

Sun, 09/06/2015 - 18:13 | 6516433 TulsaTime
TulsaTime's picture

There is already a huge disparity between the offical world and the real world, and this is just one more idiotic attempt  that will make the gap even larger. Remember the 'bans' on naked shorts? 

Sun, 09/06/2015 - 18:30 | 6516496 Herdee
Herdee's picture

The biggest danger for the Keynesian Bankers in this case is the return of gold and silver for daily use.That's why you are accumulating now because its a form of savings and also becomes more attractive the longer interest rates stay low or go negative around the world.And gold or silver backed bonds would become a great investment option instead of government debt.The gold and silver people would then decide IF they want to finance Government.Some States such as Utah have already passed legislation in allowin g the return of gold and silver.It would actually reprice precious metals and mining shares to the upside in a dramatic fashion.It would bring financial responsibility to the country.No problem for the Government though,they can dump the Fed and let Treasury reprice gold to a high level in order to account for the paper.Put usary out of business if they wanted to.

Sun, 09/06/2015 - 18:43 | 6516527 honestann
honestann's picture

No piece of paper can work, including gold or silver linked bonds.  As the article clearly mentioned, the predators-that-be simply decree repayment in some other form that instantly yields a 70% loss (or more).

Only real, physical precious metals hidden where nobody else can find them is reasonably safe and secure now.

Of course best of all is land, equipment and supplies with which you continually and eternally produce a flow of goods and goodies that others will trade their goods and goodies for.

But if you just want to secure your savings, precious metals are the best way.  If you can hide large volumes of PMs, silver is the way to go (mostly in 1oz rounds at low premium).

If you need to store more value in small space, gold is the way to go (mostly in 1oz bars/rounds/coins).

I'd say platinum too at the very low prices today, except with the world economy headed into the crapper, the industrial nature of platinum means the price is may well fall significantly further before it becomes stable.

Sun, 09/06/2015 - 19:13 | 6516645 milking institute
milking institute's picture

Agree,stay away from platinum/paladium,highly correlated on the automotive sector,wich is about to crater.

Sun, 09/06/2015 - 19:19 | 6516662 milking institute
milking institute's picture

1+ just for the retard that down voted you     lol

Sun, 09/06/2015 - 18:36 | 6516509 honestann
honestann's picture

PRECIOUS METALS.
PRECIOUS METALS.
PRECIOUS METALS.

Sun, 09/06/2015 - 22:54 | 6517333 Manipuflation
Manipuflation's picture

Should I buy this truck?  I think it is an outstanding vehicle for the price.  I showed that rig to Mrs.M and she gave me her usual diatribe about how I like junk and that junk and I find each other.  She said something about rust too but I stopped listening.   

https://stcloud.craigslist.org/cto/5181590995.html

Mon, 09/07/2015 - 00:25 | 6517495 honestann
honestann's picture

Well, if you're gonna buy so much silver that you need a truck this size to haul it around, then maybe this makes sense.

But I'd rather not get in the middle of a family squabble.  Hahaha.

PS:  If you own a mine somewhere, and you can park this truck full to the brim with 1oz silver rounds in the mine, and have a super-duper secure vault door at the entrance to the mine... well then... all I can say is "very freaking cool".  Plus you can store tons of food, fuel, supplies, weapons, ammo and other goodies in there too.  But now I'm probably just dreaming, huh?

Sun, 09/06/2015 - 18:59 | 6516601 milking institute
milking institute's picture

gold and silver = cash on steroids a.i. the ULTIMATE international CASH. i can fly to amsterdam or moscow tomorrow an sell my 1 oz within 5 minutes,no questions asked. 

Sun, 09/06/2015 - 19:43 | 6516739 Faeriedust
Faeriedust's picture

All you have to do, is look at Greece.  And the only reason Greece survived the ECB hit on their banks, was because most of the average Greeks had long since taken any money they could take OUT of the banks.

 

Sun, 09/06/2015 - 20:08 | 6516810 steelrules
steelrules's picture

Let them ban what ever they like, it will just push the economy to find another way, people will alaways find a way, barter bitcoin silver gold, my guess it they'll be shooting themselves in the foot.

 

Sun, 09/06/2015 - 20:28 | 6516871 New_Meat
New_Meat's picture

Ithaca Bux

Sun, 09/06/2015 - 20:38 | 6516901 Omega_Man
Omega_Man's picture

how to rob a bank???

Sun, 09/06/2015 - 20:48 | 6516939 mastersnark
mastersnark's picture

No "if" about the ban on cash; see "Book of Revelation."

Sun, 09/06/2015 - 23:48 | 6517431 Nolde Huruska
Nolde Huruska's picture

22 Long Rifle wiill be the small change of the apocalypse.

Mon, 09/07/2015 - 00:02 | 6517465 22winmag
22winmag's picture

100-can cases of sardines and bricks of vacuum packed grains will be the big bills of the aocalypse.

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