Tag: war on cash

The Escalating War on Cash and What It Means For Metals

The Escalating War on Cash and What It Means For Metals

Government bureaucrats, central bankers, and Wall Street executives all have their own reasons for hating the cash in your wallet. So, no surprise, they are working closely together to rid you of it. The war on cash is intensifying and bullion investors are wondering what the transition to a “cashless society” might mean. We’ll cover that, but let’s first recap why these organizations are, once again, allied together to the detriment of your ability to transact privately. The self-interest of bureaucrats is one factor. They don’t like privacy. They dream of the day when they can access all of your spending with just a few keystrokes. The knowledge will help […]

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The Dethroning of Cash: Discouraged, Penalized, Even Banned?

The Dethroning of Cash: Discouraged, Penalized, Even Banned?

Stock market gyrations and deteriorating global economic conditions in the early goings of 2016 sent investors fleeing for safety. Or at least what is commonly thought to be safety. Many in the financial media are now trotting out the bromide that “cash is king.” A sampling of recent headlines illustrates how pervasive the thinking is: “Cash Is King as China Sparks Market Turmoil” (MarketWatch, January 20, 2016) “Cash Is King in Times Like These” (Toronto Star, January 15, 2016) “Cash Is King as Europe Adapts to Negative Interest Rates” (Bloomberg, January 26, 2016) “Cash Is King as Disunity Reigns Within G20” (Barron’s, February 1, 2016) But how can cash be […]

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Ground Zero in the War on Cash: Greece

Ground Zero in the War on Cash: Greece

Greece offers us an interesting example. It will allow us to observe the spread of the tentacles of Europe-style statism as well as the measures the population will undoubtedly take to resist it. Since the Greeks are unlikely to meekly submit to statist oppression, this promises to be quite exciting. Who knows, we may eventually even get the opportunity to see what happens if a total cash ban is introduced. Given that Greece is brimming with British gold sovereigns, we can already guess how such a decree would be undermined by enterprising Greeks.

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Negative Interest Rates And Cashless Society Are Theft

Negative Interest Rates And Cashless Society Are Theft

According to Thomas Bachheimer, the European states are moving towards a cashless society. If this is the way the ECB wants to go, they could use Greece as a test case for negative interest rates, which, by the way, are nothing but theft.

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The War on Cash – Excellent Speech

The War on Cash – Excellent Speech

The War on Cash is real, and it will intensify. Here to explain is Dr. Joe Salerno, who spoke on the subject at the recent Mises Circle event in Stamford, Connecticut.

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