Yes. The "licensed to print the old money" crowd are all busy selling the "cash is bad" theme now.
The variable price to exchange "old money" (currency) and their next iteration of fiat is the part none of them will discuss. Immense supply of the old ... restricted supply and restricted sources to exchange it for the new ...
Looks to me like the IRS is their strongest arm where military would be counterproductive (screwing the masses). So I expect taxation of unredeemed cash in some form (probably a transaction fee at point of sale) as the coercion tool or as they will put it, "incentive" to abandon cash. This would defacto extend negative interest rates to cash. A two percent cash transaction tax, for example, would make credit cards competitive against cash and enable the conversion.
Was out to dinner last week with a group of men who have met regularly at a grungy Chinese food place. Great food but don't look in the kitchen :-)!
New fellow joined us, Emigrated to Canada from Romania after Ceausecu was killed. I had a great chat with him. His family were land owners in Romania and he smiled when I referred to his taxes a tribute to the state. He said you could get anything you wanted in the country due to the black market...anything.
This came up as I had started a conversation with the table about the war on cash. He had lived in a 100% controlled economy with a massive state police force. His opinion was people will find a way to trade no matter what.
I asked him why the population had turned on Ceausecu and he said the population was not the issue. It was the police and military. What he said next was very interesting. He said " they knew it was a lie and they decided they could not live it anymore. They knew what was going on in the world and had had enough"
Silver66 Rage against the dying of the light
Gold and silver to rule and reign as real money. King and prince of real money coming back to the throne and banksters get their heads handed to'em.
GLD banging against the lows of 2013.
Just a reminder
"With little fanfare or notice, the CME Group has notified the CFTC that they plan to institute trading collars for Comex precious metals trading. At present, these collars are planned to go into effect on Monday, December 22 (2014).
Trading collars or "limits" are certainly not out of the ordinary. In the commodity markets, they have long been in place to limit the daily fluctuations of the grains. In S&P futures, collars have existed for years, brought about in large part by The Crash of 1987.
However, introducing these bands for the precious metals is completely new, as far as I can tell. And you'll note that these collars are only being implemented now, with prices at their bottoms. Wouldn't it have been nice to have trading collars in place back on May 1, 2011 or April 15, 2013?
I guess, ultimately, that leads us to the main question:
According to the documents embedded below, gold trading will now halt for five minutes after an intraday move of $100 from the previous close. The same for silver after a move of $3. ..."
CFTC's Auditor Finds "Material Error" in Financial Statements
Spartacus Rex wrote: https://mishtalk.com/2016/02/09/nikkei-plunges-5-as-japan-10-year-yield-...
What??? didnt we go nirpenough didnt we easenough ,well dont just stand there get nirprinting.
Skippy is on back order . available later maybe, if your lucky.
Issues statement saying it has liquidity, confirming that it is insolvent.
https://www.superstation95.com/index.php/world/875 10% lME resign ,no reasons given. London Metals Exchange
If you bought Nikkei in June last year, you have now lost 20% (if you sold right now)...see zman ? Anyone can do it. It's easy. Just cherry pick your start dates.....
Someone has been having a bit of fun at someone else's expense
Europe's 'doom-loop' returns as credit markets seize up Credit stress in the European banking system has suddenly turned virulent and begun spreading to Italian, Spanish and Portuguese government debt, reviving fears of the sovereign "doom-loop" that ravaged the region four years ago. “People are scared. This is very close to a potentially self-fulfilling credit crisis,” said Antonio Guglielmi, head of European banking research at Italy's Mediobanca. “We have a major dislocation in the credit markets. Liquidity is totally drained and it is very difficult to exit trades. You can’t find a buyer,” he said. The perverse result is that investors are "shorting" the equity of bank stocks in order to hedge their positions, making matters worse. https://www.telegraph.co.uk/finance/economics/12149114/Europes-doom-loop...
If you are up at 3:39 AM take a look towards Vandenberg...
United Launch Alliance’s Delta IV rocket is set to launch with the NROL-45 payload for the US National Reconnaissance Office on Wednesday morning. Liftoff, from Vandenberg Air Force Base in California, is scheduled for a window opening at 03:39 local time (11:39 UTC).
New Spy Satellite! ;-/
Wy So Lo wrote: (Douchebank) Issues statement saying it has liquidity, confirming that it is insolvent.
(Douchebank) Issues statement saying it has liquidity, confirming that it is insolvent.
And Jim Willie called out Douchebank how long ago?
Place your Bets!
Will Deutsche Bank Be Saved From Collapse?
DEUTSCHEBANK ON THE VERGE OF TAKING DOWN THE ENTIRE GLOBAL MONETARY SYSTEM
Deutsche Bank Is `Absolutely Rock-Solid,' Cryan Tells Employees
Perhaps Cryan should hire Jim Cramer to be Douchebank's Pitchman
House 10,000 Immigrants in Berlin's luxury hotels, while local homeless have to sleep out on the streets.
At least in Canada, the Gov't tends to be a little more frugal:
EXCLUSIVE: Liberals to build refugee camps on Canadian military bases
Not to be outdone in the Stupity Dept.,
California liberals give Driver's Licenses to over 600,000 illegal aliens!
Silver, Gold, the Argentina Peso & Exponentially Increasing Prices
We Are Watching The Financial Collapse!
by Bill Holter
Stealing the world can be fun
It doesn’t require a gun
Just hire some guy
To print to the sky
Then buy all the assets and run!
The issue which has swept down the centuries…and which will have to be fought sooner or later…is the people vs. the banks. – Lord Acton, Historian…1834 – 1902
Will this unshackle gold? Only time will tell. Apparently the full launch is set for Q3.
ABX Soft Launches Worldwide