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Cash Hoarding: The Real Criminals are the Bankers

But they blame YOU!

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#11 Rogerdodger

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Posted 04 May 2016 - 02:52 PM

Europe scraps 500 euro note...

FRANKFURT — A suitcase stuffed full of cash may soon be worth a lot less.

In a move aimed at hampering cash transactions by terrorists, drug dealers and money launderers, the European Central Bank on Wednesday announced an end to the 500-euro bank note, worth roughly $575.
When it comes to moving money nefariously, the €500 note has been especially handy.
It is a large denomination in a widely circulated and easily convertible currency. In the United States, the largest denomination is $100, after the Federal Reserve discontinued the $500, $1,000, $5,000 and $10,000 bills in 1969. Switzerland has a 1,000-franc note, worth about $1,050, but its supply is limited.
The €500 note is also more compact and convenient for evading the gaze of authorities. The equivalent of $1 million, in that high euro note, weighs about five pounds and fits in a small bag, according to a Harvard University study this year.


Edited by Rogerdodger, 04 May 2016 - 02:55 PM.


#12 Rogerdodger

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Posted 09 June 2016 - 11:02 PM

Former Fed President: All My Very Rich Friends Holding Lot Of Cash...

 

Richard Fisher is worried about the $19 trillion US government debt (up $11 trillion since 2008) because the Fed has fired all its monetary bullets and can’t expand the balance sheet any further.

But Fisher’s most telling comment came during the Q&A session when he was asked how his personal portfolio was positioned. Fisher’s response: “In the fetal position.”

Moreover, he also said (paraphrasing as closely as I can), “All my very rich friends are holding a lot of cash.”


Edited by Rogerdodger, 09 June 2016 - 11:04 PM.


#13 Rogerdodger

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Posted 14 February 2017 - 03:29 PM

Fewer and fewer write checks. My grand-kids never carry cash.

 

Bankers & governments set the trap.

 

Jim Rogers prophesizes death of cash, total govt control of spending...

 

The time will come when you won't be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers.

To control people, governments will increasingly seek to hunt down cash spending, he adds.

 

“Governments are always looking out for themselves first, and it's the same old thing that has been going on for hundreds of years. The Indians recently did the same thing. They withdrew 86 percent of the currency in circulation, and they have now made it illegal to spend more than, I think it's about $4,000 in any cash transaction. In France you cannot use more than, I think it's a €1,000,”  said Rogers

 

Meanwhile: Murders, robberies of drivers in Brazil force UBER to rethink cash strategy...

 

Uber said Modolo Filho was its first driver to be murdered in Brazil. He would not be the last. Police have confirmed six murders since his death, with local press reporting more than a dozen.

a spike in robberies involving Uber drivers has been seen since July, when the company started accepting cash payments.

Traditionally, Uber has charged rides to credit cards registered by users, offering an easy way to verify passengers and track them down if needed. It changed that policy across Brazil last year, allowing customers to pay with cash to turbo-charge growth in a crucial new market.

Edited by Rogerdodger, 14 February 2017 - 03:41 PM.