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Cash Hoarding: The Real Criminals are the Bankers

But they blame YOU!

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#1 Rogerdodger

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Posted 04 March 2016 - 09:02 AM

The New Cash Hoarders...

Are Japan and Switzerland havens for terrorists and drug lords? High-denomination bills are in high demand in both places, a trend that some politicians claim is a sign of nefarious behavior. Yet the two countries boast some of the lowest crime rates in the world. The cash hoarders are ordinary citizens responding rationally to monetary policy.

 

Cash hoarding is another lesson in the limits of monetary stimulus. Economies stuck in deflation need lower taxes, liberalized labor laws, freer competition and other reforms to promote faster growth. But Keynesian economists and central bankers prefer pump-priming, so they rail instead against cash.

Which is where the fear-mongering about terrorists and gunslingers comes in. “In certain circles the 500 euro note is known as the ‘ Bin Laden,’” former U.S. Treasury Secretary Larry Summers wrote last month in calling for a global ban on notes worth more than $50 or $100.

 

The current hoarding in Switzerland and Japan thus underscores one of many ways in which cash is a basic tool of economic liberty: It lets people shield themselves from monetary policies that would force their savings into weak economies that can’t attract sufficient spending or investment on their own. These economies need reforms that boost incentives to work and invest, not negative interest rates and cash limits that raid the bank accounts of law-abiding citizens.

 

PUSHING ON A STRING!

"But Keynesian economists and central bankers prefer pump-priming"

 

"But we must do SOMETHING... even if it doesn't work."


Edited by Rogerdodger, 04 March 2016 - 09:17 AM.


#2 Rogerdodger

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Posted 06 March 2016 - 08:37 PM

GLOBAL FEARS AS MARKETS LOSE FAITH IN CENTRAL BANKS...

Negative rates...



#3 MaryAM

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Posted 06 March 2016 - 10:53 PM

As always Roger your right on. Gold is money or else the banks wouldn't try to own it or controll it. If you don't own some gold and land [they cannot print more of that] your screwed. Currencies are nothing but theater at this point. But then the powers that be think that all you need to do is make pretend and if people believe it they controll the world. What happens when the final act is over?

#4 Rogerdodger

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Posted 05 April 2016 - 08:53 AM

CHASE Limits Some ATM Withdrawls...

 

J.P. Morgan Chase & Co. capped ATM withdrawals at $1,000 per card daily for noncustomers—cracking down as people started pulling out tens of thousands of dollars at a time when the bank was modifying its machines to dispense hundred-dollar bills with no limit.

 

 

Run on Bank?

This move appears to have backfired and created a 'run' of sorts on Chase...

A funny thing happened as J.P. Morgan Chase & Co. modified its ATMs to dispense hundred-dollar bills with no limit: Some customers started pulling out tens of thousands of dollars at a time.

 

While it was changing to newer ATM technology, J.P. Morgan found that some customers of banks in countries such as Russia and Ukraine had used Chase ATMs to withdraw tens of thousands of dollars in a single day, people familiar with the situation said. Chase had instances of people withdrawing $20,000 in one transaction, they added.


Edited by Rogerdodger, 05 April 2016 - 08:55 AM.


#5 Rogerdodger

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Posted 19 April 2016 - 09:34 AM

Phones to replace cash 'by 2025'...

By the year 2025, about two thirds of transactions (65 per cent) will be carried out by contactless payment on mobile phone apps, according to a supermarket chain.

At present, the same proportion of transactions is paid for in cash, according to the Co-operative, but this looks set to decline as more and more people use the latest technology to shop and pay for goods.

The Co-operative predicts that debit and credit card use will also decline.

 

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Edited by Rogerdodger, 19 April 2016 - 09:36 AM.


#6 Rogerdodger

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Posted 21 April 2016 - 12:59 PM

Obama moves to change $5, $10 and $20 bills...
Treasury speeds up new designs...

 

Americans sign petition to ban cash...

 

Clueless Americans signed a fake petition calling for a ban on physical cash in favor of digital currency, in a recent video from social commentator Mark Dice.

“People are using cash to buy things and we’re not able to track them and trace them, and so it’s time to move to an all-digital currency,” Dice explained to one man who had already begun signing the petition.

“Just to help move America forward,” Dice encouraged the man, who was already signing the petition. “Just to help keep everybody safe. This will help to encourage everyone’s purchases are tracked and traced and databased just to make sure they’re not buying things they shouldn’t be buying.”


Edited by Rogerdodger, 21 April 2016 - 01:02 PM.


#7 AChartist

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Posted 21 April 2016 - 06:00 PM

new Fitts

 

textbook ignorance cult mind control operation.

 

 

they will debase a $1M pension account 10% a year,

 

give the ignorant a $5000 check and they vote for more thinking

 

socialism works for them,

 

occult nets $100,000 - $5000 debasement.

 

 

Keynes: "only one in a million can detect inflation"

 

 


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#8 AChartist

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Posted 23 April 2016 - 08:21 AM

I have seen it so many times I read it like a book.

 

 

they actually have real time market data with forecasting tools, counting

 

and statistics.

 

 

so you see the budget cuts and dirty tricks, a position is left open working

 

the slaves harder, the

 

capital plan is cut off 1/3 of the way, new self survival

 

instinct cuts in like moving to mexico as soon as possible.

 

 

federal reserve districts are reporting zero to negative gdp which is like

 

-7 to -15 percent annual pace washing out fraud, multiple recounting,

 

and pig waste.

 

 

get ready for big electioneering labor debasement which was last week EU

 

buying foreign debt as they already bought up (monetized) most EU debt and

 

stocks with nothing left to buy with counterfeit print.

 

 

So the next big wave down in stocks should happen around election to

 

early 2017 after stock prices are divided by debased labor value one more

 

time to get the ignorant chanting up some teat one more time.

 

 

You see these idiots at work talking about broke SS and disability strategies.

 

The taxed pig ignorance cult thinks that's a survival plan.

 

 

It can be quite profitable to get the next stock decline right from election into

 

2017 to convert profits to metals and that will really be closing the door to get

 

labor stored off shore because no constraint on progressive

 

slave harvest statute after communist election.

 

 

Big picture I also want to keep in mind Armstrongs idea of one Chinese growth wave from after 2020

 

to 2032, that could be what sustains me from offshore. Then US to break up after 2032. They key point

 

is not lose labor capital until it can work in china after 2020 (store gold?). I don't know if I'll get offshore yet but

 

some windows to get capital offshore, like Brinks storing my gold in a few places, or buying a foreign real

 

estate (uraguay), might close with girdlock bank alphabet statute when re-election constraints are closed.

 

 

See if the bank alphabet has 100,000 pages of new gridlock slave statute ready off

 

the shelf on Jan 2017 session open.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#9 Rogerdodger

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Posted 02 May 2016 - 08:49 AM

Buffett: Money in the mattress if banks charge for deposits

"If currency in a bank is worth less than currency in your hands ... that could produce something in the way of behavior," he said. "It's a different world. If you have a lot of money in euros, as we do ... you're better off putting it under your mattress than in a bank."



#10 Rogerdodger

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Posted 02 May 2016 - 09:52 AM

Inside Secret Meeting Where Wall Street Tested Digital Cash...

 

 

Blockchain: Execute and settle a trade instantly!

 

On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc. They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software.

By the end of the day, they had seen something revolutionary: U.S. dollars transformed into pure digital assets, able to be used to execute and settle a trade instantly. That’s the promise of a blockchain, where the cumbersome and error-prone system that takes days to move money across town or around the world is replaced with almost instant certainty.