IMF De-Cashing: Soft-Selling Financial Enslavement

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IMF De-Cashing: Soft-Selling Financial Enslavement

Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)

 

 

The IMF (International Monetary Fund) or as I like to call them – International Mafia Federation – is showing its true colors and proving beyond question this organization is nothing more than street-corner-thugs in high priced suits.

 

With the release of this latest working paper on how to enslave nations, steal the remaining sovereignty of the people and the nations they have drawn up plans to force a cashless society upon all the people within IMF member nations.

 

The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing”. It gives advice to governments who want to abolish cash against the will of their citizenry. Move slowly, start with harmless seeming measures, is part of that advice.




In “The Macroeconomics of De-Cashing”, IMF-Analyst Alexei Kireyev recommends in his conclusions:

 

Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.




The private sector led de-cashing seems preferable to the public sector led decashing. The former seems almost entirely benign (e.g., more use of mobile phones to pay for coffee), but still needs policy adaptation. The latter seems more questionable, and people may have valid objections to it.

De-cashing of either kind leaves both individuals and states more vulnerable to disruptions, ranging from power outages to hacks to cyberwarfare. In any case, the tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks. The de-cashing process would acquire more traction if it were based on individual consumer choice and cost-benefits considerations.
Source


It doesn’t get much clearer than that – if the people resist, simply change the rules and, as we have stated time and again, simply enact a new law that the majority of people will accept and the remaining 3-5% will be forced into enslavement with the rest.

 

Let’s break it down a little so the picture is as clear as possible.

 

Step one – The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders.


Strip out, for example, the $100 bill from the U.S. economy. This would eliminate more than half the cash value in circulation with one
stroke of the draconian pen.

 

Next, as France and Spain have already done, and most of the European Union have cash transaction limits – set a limit, for example, transactions larger than$1,000 must be made using electronic means or have a bank involved at some level, e.g. cashier check so their is a record of the transaction for tax and tracking purposes. The good news is, Germany attempted to set a $5,000 euro cash transaction limit and the people revolted.

 

Finally, make it almost impossible to get cash out of your country and into another. In the U.S. you are required to declare more than $10,000 cash moving across the border and my guess is this suffer a substantial cut.

 

Another handy tool the criminals are planning on using is to have, for example, “big-box stores” to simply no longer accept cash “for your safety” of course. By implementing this type of policy change the government is not seen as the ‘bad guy’ but a much more friendly “retail outlet” looking out for your safety and the safety of their employees. One question – when was the last time an armed robbery occurred at any big box store world wide? Criminals are not so stupid as to attempt to rob a big-box store due to the sheer volume of cameras on the grounds and inside the stores.

 

Once these the steps are in place, it makes it much easier to get people to accept financial enslavement as a “convenience” and “for your protection and safety” – “for the children”.

 

Note, that the author is not talking about unreasonable objections and imagined disadvantages: He does count it among the advantages of de-cashing in the very next paragraph that personal savings are pushed into banks and he also does count total control of all aspects of financial life under the pros, as in the last sentence of the last quote below.




“As de-cashing gives incentives to economies’ agents to convert their currency in bank deposits, the deposit base of the banking system will increase, which can help reduce the lending rates and expand credit.” Source


As the criminal banking cabal becomes more desperate to steal our remaining wealth, they are devising more devious ways of doing it. Soft-sell the people into their own enslavement instead of forcing them. The past few decades we have been treated just a step above cattle, now the gloves seem to be coming off and the banking cabal no longer cares that we can see their crimes and their true colors.

 

You can read the entire – pdf that will download to your computer – IMF plan to financially enslave the planet by clicking here.

 

Questions or comments about this article? Leave your thoughts HERE.

 

 

 

 

IMF De-Cashing: Soft-Selling Financial Enslavement

Posted with permission and written by Rory Hall of the Daily Coin (CLICK HERE FOR ORIGINAL)

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Bwana's picture

What this article doesn't touch on is the electronic (credit card) method of paying and receiving is full of holes. Last year I had to get 4 different Mastercards or said another way I was hacked 4 times inspite of the new chip in the card. Each time it was not a person who acted alone but a very organized criminal organization. The last time about 12 hours after I used my credit card at a supposed secure business there were three people using my card with ID to match. The one in New York totally failed. He was trying to buy a little less than $500 in clothes. The one in Bakersfield, California had a duplicate of my credit card including the chip and a duplicate of my drivers license with his picture on it. The only reason that did not work was the clerk was trained to hold the drivers license up to compare the photo with the person using the card. The person was described as a Hispanic male about 20 years old and the clerk saw my date of birth on my drivers license was in 1946. That overlooked detail blew him out of the water. The third attempt was a person trying to buy a washer and dryer in India. Although Bank of America made the charges that went through good by the time I got a fourth card that year they sent it by snail mail which took over a week.

If I had been on a business trip or overseas I would have been screwed. I buy almost everything with cash but if I travel I am woried about getting robbed by the government with their civil forefeiture laws. A few weeks on the road with airfare, rental cars, hotel rooms, entertaining clients and meals amounts to a lot over two weeks. To carry that much cash is risky because of the criminal thugs in private enterprise and the government thugs. The government will need to stop this action because the decline in commerce and the resulting decline in taxes and employment will further bankrupt them. 

Silver Savior's picture

But most of you probably still pay for everything by credit or debit card giving into the whole cashless society thing. You are contributing to it! I always make it a point to pay in cash. 

chondram's picture

Can someone help me with this sentance please? 

Strip out, for example, the $100 bill from the U.S. economy. This would eliminate more than half the cash value in circulation with one
stroke of the draconian pen.

If you exchange your $100 bill for two $50s, what difference does it make? OR are they saying "poof" $100 bills have zero value with the stroke of a pen?

Thank you!

Mustafa Kemal's picture

"If you exchange your $100 bill for two $50s, what difference does it make? OR are they saying "poof" $100 bills have zero value with the stroke of a pen"

Good question. No, it will not be poof, but will be a demonitization of the 100. When that happens ALL those hundreds are gone from the cash supply. It is as  simple as that. Yes, you can take your 100s and by 50s but you better do it quickly. ( Or, as some have suggesed, simply keep your 100s and use them on the new black market where they might even be worth more)

PartofOne's picture

http://www.zerohedge.com/news/2016-11-22/indias-currency-debacle-conside...

My assumption is that India was a test case and similar to India, you will have little time to exchange your $100 bills (thus "poof").

This is all irrelevant as anyone that understands the accumulation and discharge of debt (moreinfo: https://apollosolaris.files.wordpress.com/2014/05/tomschauf-topsecretban...), is fully aware of how money is created (Jesus did it first by overturning of the tables).  When the world understands this, there won't be any need for currency of any sort.

God promised peace; He's not to be messed with.

There's picture

Gosh, Drug dealers will be inconvienienced>

hootowl's picture

If the horde of international demon banksters want to enslave the American people by eliminating cash transactions, they will have to amend the U.S. Constitution, unless they can succeed in murdering more Constitutionalist SCOTUS justices and replace them with their soulless Liberal judicial lackeys. 

 

Of course, under Liberalism/Progressive/Sharia/Joo bankster law, the U.S. Constitution can be amended by simply issuing an unconstitutional/illegal executive or judicial edict.

 

Joo Globalist bankster Hell awaits us.....sooner than we may think.

Burticus's picture

As you can see in the photo, there are real people behind the International Moneymafia Fags.  They and the gubmint sock puppets who enable them bleed.  How difficult can it be to execute the 7,000 biggest peckers in their pecking order to secure liberty for the other 7 billion people on the planet?

Time to bring back the Mare of Steel.

saldulilem's picture

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

GRDguy's picture

Meet the real economic hit-man at his site:

http://www.alexeikireyev.com/

One more thing:

2017 SPRING MEETINGS

THE WORLD BANK AND INTERNATIONAL MONETARY FUND

The 2017 Spring Meetings will take place in Washington, D.C. 

the week of April 17-23. Registration is now OPEN.

joego1's picture

Some states makeing gold and silver legal tender again. Might need to move.

fbazzrea's picture

more than anything i believe the movement is designed to eliminate state income tax for any "capital gains" realized when the USD crashes. in Oklahoma, at least, there isn't yet a mechanism in place to determine value as in +/- spot, official benchmark, etc.

or... it could be the foundation to implement a PM currency system when needed in the foreseeable future.

Conax's picture

Graft and corruption require cash payments. The congress of these United States will never ban their own payola.  Bank transfers leave senator Lucy with some 'splainin' to do.

Besides, lots of transactions are done outside of retail or wholesale outlets.  You buy a shotgun off your friend, you pay the babysitter or the kid that mows your lawn, you give your grandkids cash in their birthday cards.. Cash is Freedom. Privacy. A ticket out of town.

First they took away the real money (coined) in favor of debt coupons, now they are uneasy letting you use their silly coupons, too?

These greedy malcontents should be smacked on the nose with a rolled up newspaper.

Let them all pound sand. The answer is no.

 

chondram's picture

So true! Once all currency is 100% electronic, the gov can also "turn off" a banking account as punishment when we've "been bad".

DanDaley's picture

Graft and corruption require cash payments.

 

There's always Tide...

 

http://nymag.com/news/features/tide-detergent-drugs-2013-1/

A. Boaty's picture

I find it amazing that this makes me want to stack a fraudulent, irredeemable debt instrument.

Dave Whiteman's picture

The paper nothingness in your wallet has more value than the nothingness in the bank?

skunzie's picture

Let's say they accomplish their goal of making the world a cashless place, then a simple thing like an X-class coronal mass ejection strikes earth straight on over the course of 24 hours.  What happens to our money when all electronic devices worldwide are rendered to garbage?  How will anyone, even the IMF get money?  

This is a stupid idea on so many levels, it boggles the mind.

 

DanDaley's picture

This is a stupid idea on so many levels,...

 

Sure it's a stupid idea, but since when did an idea's being really stupid or evil stop anybody from doing that stupid or evil thing...almost never.

hootowl's picture

......Especially if it involved banksters or political demons.

Scuba Steve's picture

Not to mention barter will be unleashed on a very large scale, it would have to.

They do not want cashless or it would already have happened, they want it reigned it but not gone.

jmo.

bardot63's picture

Cashless, fully dependent on cyberspace, is vulnerable not only to government bullshit, but to cyberthieves, Satellite warfare, aging infrasructure and solar EMP activity.  Wanna see some mega-wealth and stock markets wiped out?? Not to mention NSA/CIA/NGA/DHS spying and monitoring capabilities.    I can't wait.......let's roll.

Dwain Dibley's picture

What does a 'ban on cash' really mean to the banks? It means 'DEBT JUBILEE' for the banks.

A deposit account represents a bank debt liability to the account holder and what the bank owes, by law, is legal tender cash money.

Ban/outlaw cash and the banks are relieved of their debt obligations to the account holders. Within the U.S., a ban on cash would represent a gift of about $13-Trillion to the banks. To figure out how much of a gift European banks will receive with the banning of cash, simply total their deposit account debt liabilities and that amount will be your gift to them.

They get a debt jubilee, and we get screwed. Now isn't that special.....

Dave Whiteman's picture

i cannot believe what i am reading

have U ever studied accountancy?

"cash" means more than the greenies in one's wallet

it is these pieces of paper that are to be banned [or seriously constricted]

this paper is CURRENCY and is a form of CASH, but is not the only cash

 

What is included in cash and cash equivalents?

The term cash and cash equivalents includes: currency, coins, checks received but not yet deposited, checking accountspetty cash, savings accounts, money market accounts, and short-term, highly liquid investments with a maturity of three months or less at the time of purchase such as U.S. treasury bills and commercial paper. The items included as cash and cash equivalents must also be unrestricted.

The amount of cash and cash equivalents will be reported on the balance sheet as the first item in the listing of current assets. The change in the amount of cash and cash equivalents during an accounting period is explained by the statement of cash flows.

It is CURRENCY that they want gone.  The WAR ON CASH should be renamed THE WAR ON CURRENCY

 

https://www.accountingcoach.com/blog/item-in-cash-and-cash-equivalents

Dwain Dibley's picture

"Cash equivalents" are ACCOUNTING FICTIONS, that are, in theory, readily convertible into cash. 

We saw how well that 'theory' worked out in the 2008-10 Financial Collapse.

U.S. law does not recognize "cash equivalents" as being a money or a currency.

If it did, then banks would always be 100% reserved and there would be no need for the FDIC, or the Fed for that matter, and the U.S.G. would not be in debt.

By the way, 'deposit accounts' are accounting fictions as well.

hootowl's picture

A masterpiece, the epitomy of all Jooish scams!!!!!

secretonfire's picture

...that kind of debt jubilee is Saturday night special

UncleSparky's picture

You haven't been paying attention. When you pay currency into a bank it ain't yours no more

hootowl's picture

Under current law, bank deposits become "assets" of the bank, as well as contents of your so-called "safety deposit box".  They no longer belong to the depositor.

Dwain Dibley's picture

Under current law, the banks are required to give you your cash money upon demand, regardless the banker's contract you agreed to upon opening your accounts with a bank, giving them leave to use your deposits as if they are theirs.

Jimbeau's picture

unless they are closed that day... or "just don't have the cash on hand"... so sorry!

Dwain Dibley's picture

Banks are required by law to pay their deposit account holders in cash dollars upon their demand.

Your deposit account represents a legal debt liability of the banks.

That's why depositors are categorized as 'creditors' and banks as 'debtors', to provide depositor legal recourse in the event their bank goes tits up.

BAN ON CASH

hootowl's picture

You need to update your thinking.

Dwain Dibley's picture

You need to learn to read the fine print.  Federal law takes precedence over contracted claims. 

litemine's picture

Dwain.......Dwain......DWAIN.

The note read must be acepted for Debt. Given that there is many more $US. in Debt than $US. Dollars floating around,

Show me the Math on that.

Dwain Dibley's picture

It's called "FRACTIONAL RESERVE BANKING".

That means that banks are only required to carry a fractional amount of money to cover deposit account claims.

The math works out like this:

There is a total of $1.5-Trillion in U.S. legal tender dollars in circulation around the globe.  Of that, $280-Billion is in circulation within the U.S.  Of that, $74-Billion is held in bank vaults.  Of that $74-Billion, the Fed counts $64-Billion as 'Required Reserves' and $10-Billion as 'Excess Reserves'.  The 'required reserves' averages out to a 3% reserve ratio on demand deposits.

That $74-Billion held in bank vaults backs the $1.9-Trillion in credited demand deposit accounts.  It also backs the $9.3-Trillion in credited savings accounts.  It also backs all commercial credit transactions, from Main Street to Wall Street, and all points in between and beyond.  It also backs all U.S.G. payments.  

And that, is the reality of Fractionally Reserved Banking, and one of the primary reasons for the push to ban cash.

Your deposit account represents cash money earned by you and owed to you by the banks.  And it is your money, your property, they want to ban.

A ban on cash is the effective gifting of about $13-Trillion of U.S. depositors money to the banks and in return, you get to ask the banks for permission to use their credit to continue living. 

A ban on cash is the effective dissolution of nation states and of sovereignty, both political and individual, in favor of an unaccountable banking elite who will effectively control the lives and livelihoods of all, including governments.

fbazzrea's picture

International Mother F*ckers Club!!

just try it in America... we'll burn your house down, *ssholes!!

barysenter's picture

Been in progress since tptb started issuing credit cards.

fbazzrea's picture

but when they try to take away the $100 bill, surely Americans will stand up and fight for our economic freedom. why don't tptb ever talk about the $3.5 trillion stolen digitally each year?

so then our money is going to be worthless. what else can you steal at that rate of $9.5 billion/day and it still continue to have value? why work? digital wealth is completely fabricated. if our society considers wealth to be digital 0s & 1s, then we have reached nirvana. everyone can have everything they ever wanted. just type me in some more money, please.

there is a limit to this charade and in America it ends with the removal of $100 bills. hide and watch.

http://www.informationweek.com/strategic-cio/executive-insights-and-inno...

Jimbeau's picture

I'd like to believe you, but really, WHAT can (or will) the average American do that will scare our out-of-control govt? If the Cliven Bundy incident taught anyone anything, it is that THEY have all the power.
If there was a way to accelerate the collapse, I'd be all for it... it's all we really can hope for, to end this 'reserve note' madness.

fx's picture

The millenials and whoever comes after them have already fallen for this cashless ideology. They don't understand that cash is one of the last pillars of freedem. But then, freedom doesn't rank high on their priority list anyway, because they never had to fight for it and they actually love it when uncle sam watches their every step and lends a helping hand while they shit.

brian oblivion's picture

Only Russia lovers use cash.

Chuck Walla's picture

"Only Russia lovers use cash."

So this is why I get emails from all these gorgeous Russkie girls?  They all want to meet me. I'm considering it. For cash, of course.

Jimbeau's picture

You're welcome to try, but beware. Along with looking extremely fetching, they are very thorough at disposing bodies.

fx's picture

So it's about time to buy more gold. But in their next series of these "working papers" they will likely advocate confiscation of gold, too.

hootowl's picture

Convert your gold and silver to copper.  They don't have enough bulldozers to confiscate it all.