• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Larry Summers

Tyler Durden's picture

"Gold Never Changes, It's The World Around It That Does"





Gold never changes; it's the world around it that does. Why is it that we see a renewed interest in gold now? And more importantly, should investors buy this precious metal? Key attributes in a 'changing world' that are relevant to the price of gold are fear and interest rates.

 
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NYTimes Editorial Board Endorses Monetary Fascism - Backs War On Cash





"Few Europeans use the 500-euro note, and most Americans rarely encounter the $100 bill. Yet hundreds of millions of these notes are in circulation around the world, where they are often used by drug cartels, corrupt politicians, terrorists and tax cheats to evade law enforcement." The New York Times editorial board has once again exposed itself as a dangerous and duplicitous organ of entrenched established interests against the public. It must be exposed.

 
Gold Money's picture

What happens when large denomination currency becomes extinct?





While most advocates for phasing out large bills are not getting tired emphasizing that smaller bills would not be affected, this data shows that the largest bills of each currency account for over 2/3 of all bank notes in circulation. Hence, all the problems we think will emerge with a complete phase-out of cash would in our view already materialize by eliminating the largest bills. 

 
Sprott Money's picture

David Haggith: The Economy is Failing All Over The World





I love the credit card commercials on TeeVee and how they talk about “cash back”, “cash bonus”, “cash this” and “cash that” – “what’s in your wallet?” 

 
Tyler Durden's picture

More "Ivory Tower" Lunacy





"Keep in mind for historical perspective the United States had negative rates in the 1930’s, OK. That was the best time to buy stocks, OK...."

 
Tyler Durden's picture

When Cash Is Outlawed... Only Outlaws Will Have Cash





If the Benjamin is killed, it will “deter illicit activities” they say, apparently taking us all for complete idiots. Very organized criminals all over the world could be heard rolling on the floor laughing their heads off at this pronouncement.

 
Tyler Durden's picture

Weekend Reading: The Bull Is Back?





That didn’t take much. After a three-day rally, the media is back into “bullish” mode suggesting the bottom is likely in and by the end of this year, it’s all going to be just fine. Unfortunately, history suggests that after such a long unabated expansion risks are substantially higher than it has been previously. Furthermore, as I have repeated often in these missives, in an economy that is driven primarily based on consumption, and such consumption is already weak, it doesn’t take much to “flip the switch.”

 
Tyler Durden's picture

Swiss Politicians Slam Attempts To Eliminate Cash, Compare Paper Money To A Gun Defending Freedom





Brunner and Brandberg maintain that the tendency in the EU and in OECD member countries is to “weaken individual liberties” and to exercise greater control over citizens.  In this context "cash is comparable to the service firearm kept by Swiss citizen soldiers," the pair argued in their motion, saying they both “guarantee freedom.” The move toward electronic payments allows governments "total surveillance" over individuals, the pair claim.

 
Tyler Durden's picture

This Is The Real Reason For The War On Cash





Beware politicians trying to limit the ways you can conduct private economic business. It never turns out well.

 
Tyler Durden's picture

Why The Keynesian Market Wreckers Are Now Coming For Your Ben Franklins





Larry Summers is a pretentious Keynesian fool, but we refer to him as the Great Thinker’s Vicar on Earth for a reason. To wit, every time the latest experiment in Keynesian intervention fails - as 84 months of ZIRP and massive QE clearly have - he can be counted on to trot out a new angle on why still another interventionist experiment or state sponsored financial fraud is just the ticket. Right now he is leading the charge for the greatest stroke of foolishness yet conceived.

 
Tyler Durden's picture

The Ban On Cash Is Coming, Soon





This is starting to become very concerning. The momentum to “ban cash" is seriously picking up steam.

 
Tyler Durden's picture

"Ultimate Banking" Monopoly Edition Goes Completely Cashless





It looks like the board-game company sees the writing on the wall and is preparing the children of today for the new world order – a cashless society.

 
Tyler Durden's picture

Larry Summers Launches The War On Paper Money: "It's Time To Kill The $100 Bill"





"...a moratorium on printing new high denomination notes would make the world a better place."

- Larry Summers, Harvard Professor

 
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