Aussie Media Push Globalists' "Cash Is For Criminals" Narrative

Tyler Durden's picture

"We are entering a very dark phase in this battle to retain our liberty," warns Armstrong Economics' Martin Armstrong, adding that "this is the most dangerous period we are heading into for governments will respond only to their own self-interest to survive."

The war on cash is in full swing.

First we saw India's Modi demonetize bank-notes in the interest of fighting corruption and tax avoidance in the black economy... later admitting that this will eventually lead to a cashless society.

 

Then we hear of a proposal now being whispered behind the curtain in Europe is to impose a tax on withdrawing your own money from an ATM. The banks support this measure as a whole because they see this as preventing bank runs.

And now the whispers behind the curtain are starting to get louder.

Following reports of some Aussie banks refusing to accept cash, Armstrong Economics' Martin Armstrong warns the headlines in Australia demonstrate how the press is already conspiring against the people. The new slogan rising is Cash is for Criminals. ABC of Australia ran the story:

Cash is for criminals: Why we should scrap big notes

 

A massive stash of cash may sound like a good thing, but according to one US economist, the vast numbers of banknotes in circulation around the world are making us poorer and less safe.

 

Ken Rogoff, an economics professor at Harvard, has been writing about paper money for 20 years and he says much of this cash "is used to facilitate all sorts of crime".

 

Beyond the more heinous crimes of human and drug trafficking and terrorism, some earners hoard their money to avoid tax.

 

...

 

One way for central banks to stimulate investment during a prolonged financial crisis is to apply negative interest rates.

 

However, in an economy awash with large denomination bills, sharply cutting rates could create "complete chaos", says Professor Rogoff.

 

Investments suddenly gone bad would spur a rush to convert capital into hard currency, decreasing the effectiveness of the interest rate drop (even leaving aside the problem of large amounts of money disappearing from the economy).

 

A mostly cashless society, argues Professor Rogoff, would allow central banks to dramatically cut interest rates in times of severe crisis without this chaos.

As Armstrong concludes,

Nobody will look at the direction we are headed. I am deeply concerned that these type of proposals will send the West in a real revolution not much different from that of Russia in 1917. The divide between left and right is getting much deeper and the left is hell bent on stripping those who produce of their liberty and assets.

 

This type of confrontation is in line with our War Cycle, which we will update in 2017.

 

This is the most dangerous period we are heading into for governments will respond only to their own self-interest to survive. The socialists hate those who produce. That is just the bottom line. Nobody should have wealth more than they and this is the same human emotion that has cost tens of millions of lives in civil conflicts. We will review all our models and update this after the U.S. inauguration since the socialists are trying to figure out how to steal the election from Trump. There is no way to overturn Michigan, Wisconsin, and Pennsylvania without fraud. Otherwise, California is being used to justify handing the crown to Hillary despite the fact she conceded.

 

This will not end nicely. The divide will only get bigger. The future is anything but stable and safe.

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VWAndy's picture

 Only criminals would try to take your cash by force. Basic logic biatch!

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) VWAndy Nov 28, 2016 8:51 PM

Cash is good for criminals, yes. But Bitcoin is great for online criminals.

https://localbitcoins.com

bamawatson's picture

soros https://voat.co/v/pizzagate/1444562

I have managed to show that Oliver Miller, James Alefantis, and James Huckenpahler have direct connections to that tunnel. I have shown that Amanda Kleinman and Marina Abromovic have direct connections to Huckenpahler, and we already know their connections to Alefantis and CPP. I have also shown that the idea for that tunnel's renovation is funded in part by George Soros.

boattrash's picture

True they don't want the serfs to have cash...can't remember where I saw it a couple days ago, but some "news shit" about all the "funny money" being found all over California.

People are "distracted" by elections and such, but watch for this shit to ramp up big time in the US in the next 6-12 months. (IMHO).

boattrash's picture

I wish I could, but I can't find time/energy for trolling. I'm more of a "whatcha see is whatcha get" kinda guy...

auricle's picture

It's going to be interesting to see how Trump responds to the eminent banker push in the US to do the same. Banning big bills and banks charging interest to get your money in the form of cash. Keep the transactions digital and 0%. Want cash? That will cost you 10%. 

NewHugh's picture

EVeryone has alreaady figured that you're that desperate slimebag MDB asshole.  No one else would be so anxious to post links to a website that allows that imbecile to post on their website.  DON'T CLICK ON THE fukidontknow link!!!

Casey Jones's picture

I would not put it past these guys to actually inject the "funny money" into the system intentionally to undermine the whole business. In addition to the digital style money printing, one has to wonder how much monkey business around actual printed money has been going on. Like where do all those pallets full of hundred dollar bills that were showing up in Iraq and Afghanistan come from in the first place?

As for president elect Trump, I would say his actions and policy decisions around the Fed will be among the most telling. If we see business as usual at the Fed, then it's really business as usual in the USA. Appointing Ron Paul as Fed chairman would be the thing to do to send a statement. He could probably get it fully dismantled in the first term. Sadly, that is an alternative reality that does not seem to be in the cards.

It's kind of like when Obama, as his first official act as president in 2009, launched a drone strike in Yemen (you can look it up). I think it was even on Inauguration Day. When that happened the light bulb came on for me, oh i see.

boattrash's picture

I wouldn't be surprised either. The report I saw looked like one of those "white sneaker" ISIS productions...

+100 Casey

tricorn teacup's picture

inject the "funny money" into the system intentionally ...

Like ZIRP and QE?

BeanusCountus's picture

Agree. But interesting in USA. I will fight it tooth and nail. But has a negative consequence to every illegal immagrant in US. Dems to fight it? Just thinking out loud on ZH.

BennyBoy's picture

 

 "..much of this cash "is used to facilitate all sorts of crime"."

 "..much of this digital money "is used to facilitate all sorts of crime"."...Goldman Sacks, Citi, JPM......

Creative_Destruct's picture

"The divide between left and right is getting much deeper and the left is hell bent on stripping those who produce of their liberty and assets."

Add cash as "Crime" to the Keynesian narrative of savings as selfish "hoarding" and you have a resounding set of memes to relentlessly feed into the media echo chamber to hypnotize the sheeples into collective compliance. It's like Huxley said, it's easier to convince the masses of their own need to be controlled than to force control on them.

Freedom is under a relentless assault by the globalist elites whose own vast wealth and connections protect them from all of the ramifications of their own policies. Fuck these assholes.

MayIMommaDogFace2theBananaPatch's picture

Many automobiles produced in this country are used to facilitate all sorts of crime.  Some foreign cars too. ;)

SILVERGEDDON's picture

C'mon, Fonestar - fuck the Shitcoin pimping, already. Get a real life. 

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) SILVERGEDDON Nov 28, 2016 10:11 PM

cuck that shit mothercucker.

Badsamm's picture

I take my money in what ever form and buy silver. No cash here suckers

Snípéir_Ag_Obair's picture

Rogoff and his (((banker))) masters want to rob you.

http://gla.news/?p=19002

what else is new?

'...After the dissolution of the USA, there was a vacuum of ideology in Russia and it was successfully filled with Harvard promoted neoliberalism and associated neo-classical economics. This was a powerful fifths column, oriented on helping the West to extract as much wealth from Russia as possible was created. The USA essentially forced Russians into so called shock therapy using Harvard academic mafia (plan was authored by Jeffrey Sachs who was lecturer at Harvard and implemented by Larry Summers protégé, Russian émigré Shleifer and several other Harvard academic brats with a couple of British poodles to make the gang international) and internal compradors in Yelstin government as fifth column. As a result poverty level jumped from 2% to 40%. Everything that can be stolen, was stolen by implementation of rapid privatization policy. During the heydays of corrupt Yeltsin regime implementation of shock therapy GDP dropped 50%. Suicide rate doubled, life expectancy for males dropped below 60 years (12,8% death rate increase), homeless children which were unknown in the USSR became mass feature of new social order.

The key seller of shock therapy was about Harvard Mafiosi, Professor Jeffrey Sachs who was a prominent neoliberal who because his role in destruction of Russian economics, contributed to immense sufferings in Bolivia, Chili, Poland and several other countries.

Instead of something like Marshall plan, a merciless ands unlawful grab of capital and national resources was successfully implemented in less then five year period after the dissolution. This was an amazingly greedy and short-sited policy by Clinton administration. To rephrase Talleyrand, it was worse then a crime, it was a blunder...'

http://www.softpanorama.org/Skeptics/Pseudoscience/harvard_mafia.shtml

General Titus's picture

Slainte my friend.  You mentioned Jeffrey Sachs, he is also involved with the "Green" movement. But what is especially important is the connection of this Bolshwvik with Columbia U, which is the epicenter of cultural marxism as the Frankfurt school marxists fled from justice at the hands of the national Socialists in Germany and was invited in to spread their cultural marxist destrutive garbage from there. The pre-cultural war hippie movement, via the beatniks came from there. Nice info

FX223's picture

Then I be a criminal because I pay for everything in cash!

Fuck you credit cards!

Fuck you moneychangers!

I use your fiat system only when necessary and any extra is converted to gold and silver often.

BennyBoy's picture

 

Can I open a checking account with notional derivatives?


samsara's picture

Point being that businesses will not be allowed to accept cash.
It will be shunned.

Flea markets, farmers markets etc. will be leaned on to use cellphone card reader devices.

The bills themselves technically belong to and have to be returned to the Federal Reserve Bank. They destroy tons of money every day that has been returned and is worn out.

Community bartering. Known persons to known persons.

LetThemEatRand's picture

It's not just a war on cash.  It is only a matter of time before it also becomes a war on things like Bitcoin and PM's.  Basically, a war on anything that does not generate a profit for bankers and the government they control when a private transaction occurs.  In response to Brexit and Trump, the globalists are turning up the fight against liberty to 11.  

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) LetThemEatRand Nov 28, 2016 8:52 PM

They will try to ban teh Bitc0in. They will lose.

Nobody beats the Bitcoin! N-O-B-O-D-Y!

bamawatson's picture

https://i.sli.mg/eFW34B 

Kkklinton F?©dation undocumented Saudi children coming to a Pizza Party in WA DC 
"All the DC elites who love Clover will be there "

auricle's picture

They will ban the bitcoin eventually. If congress made law today that online retailers cannot use specific crypto currencies, the exodus from those crypto currencies would be massive. What would you do if goverments closed the online and in person exchanges? At the moment crypto currency has been lucrative for investors. It's just a matter of time before the banks lobby congress around the globe to shut down crypto currency using bank failure as the reason. 

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) auricle Nov 28, 2016 10:14 PM

It will not be massive. Most Bitcoin price action is Chinese speculation. Whatever laws are passed and whatever amount of USD/BTC Bitcoin will still do what Bitcoin does... transfer teh value outside the banker's system.

SILVERGEDDON's picture

Anyone with a Commodore 64 sporting the high tech cassette hard drive unit can take Bitcoin down like a dollar whore on Saturday night in Bangcok. 

MayIMommaDogFace2theBananaPatch's picture

Anyone with a Commodore 64 sporting the high tech cassette hard drive unit can take Bitcoin down

Are you asking for me to send you the equipment?  I expect it will still boot.  

Why wait, you can cheat, I don't care -- use the Atom processor in your mom's tablet!  

Come on -- show us your chops.  "Take down" Bitcoin.  Name that tune, bro!


tricorn teacup's picture

Knocking out use of bitcoin would be a matter of criminalizing operation of bitrcoin miners and blocking communication to miners outside the nation's borders.

boattrash's picture

LTER,

You mean like the IRS Req. to the courts for a John Doe Warrant for Bitcoin users like ZH (and many others) reported?

http://www.zerohedge.com/news/2016-11-21/largest-us-bitcoin-exchange-ext...

 

LetThemEatRand's picture

You're right.  The war on bitcoin has already started.

SILVERGEDDON's picture

The blockchain isn't worth a pinch of dried up coon shit in a windstorm when gooberment decides to take the currency competition out of business. 

MayIMommaDogFace2theBananaPatch's picture

But you're going to beat the Gov't to the punch here, using a cassette-driven C64, right?  Did I understand correctly?

boattrash's picture

PS

In regards to "fight for liberty"...I suggest we rail on our congress-critters to sell the billions of rounds of JHP back to us, at discount prices, that Obama bought for EVERY fucking alphabet agency out there.

Kirk2NCC1701's picture

Here's a titty twister: what would libertarians do, if the Gov banned cash in the US, and did it under a Trump Administration?

Would heads explode, or would militant dissent?

Escrava Isaura's picture

How about expanding on “your” twister?

We await the crisis. It could be economic. It could be a terrorist attack within the United States. It could be widespread devastation caused by global warming. It could be nationwide unrest as the death spiral of the American empire intensifies. It could be another defeat in our endless and futile wars. The crisis is coming. And when it arrives it will be seized upon by the corporate state, nominally led by a clueless real estate developer, to impose martial law and formalize the end of American democracy.

When we look back on this sad, pathetic period in American history we will ask the questions all who have slid into despotism ask. Why were we asleep? How did we allow this to happen? Why didn’t we see it coming? Why didn’t we resist?

http://www.truthdig.com/report/item/waiting_for_the_barbarians_201611271

 

samsara's picture

Not just for profit. When the financial phase shift/collapse happens, everything a person is "allotted" will be purchased with the one card or chip.

It is first and foremost a population control device. So many food credits etc.

Oh and as you and Martin noted, it also takes a percent off the top for "expenses".

Evil Peanut's picture

The only reason they would want this is to hide inflation. If the currency is digital they can present any figures they want versus printing which is a hard copy of the currency in the wild and they can't hide how many of those are circulating.

Swamidon's picture

This stuff just helps more people see the MS media as an enemy of humanity.

WestVillageIdiot's picture

Let's hope you are right.  

This is not a war on cash.  This is a war on FREEDOM!

FX223's picture

Exactly...cash, pm are integral part of freedom.  Make use of it or loss it.  especially you motherfuckers at the coffee shop that don't have a buck fifty in your pocket to pay for a cup when the payment system is down.

ipso_facto's picture

'The socialists hate those who produce.' and love the Cintons.

alexcojones's picture

  "Ken Rogoff, an economics professor at Harvard, has been writing about paper money for 20 years and he saymuch of this cash "is used to facilitate all sorts of crime".

Any word on the PALLETS of crime cash used as payola in the illegal Iraq war crimes, Ken?

 

WestVillageIdiot's picture

Close down the Ivy League.  That would solve a lot of the problems in this country. 

alexcojones's picture

Hey Rogoff: What about the PLANELOADS of gold stolen by Hillary henchmen from Libya and Ukraine?

Fucking Jackoffs of the World

Ilmarinen's picture

Sharply cutting rates could create "complete chaos"

Easy solution: don't engage in central banking and allow people to freely trade using whatever medium they choose.

Aussie Battler's picture

Stay away from Australia, globalists! They're already shoving the SJW agenda/mass immigration down our throats!