Search Results for: cash

The War on Cash Is a War on Your Freedom to Opt Out

I’ve covered the war on cash i.e. the proposed elimination of cash, a number of times, for example, The War On Cash: Officially Sanctioned Theft (June 13, 2015) Our first question should be: just how big a share of our … Continue reading

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A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York

By Michael Snyder, the Economic Collapse Blog. Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City.  During this “secret meeting“, a … Continue reading

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The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

By Ellen Brown, Web of Debt Blog. Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins … Continue reading

Posted in Business / Economics, Politics / World News | 4 Comments

Economics Professor: Negative Interest Rates Aimed at Driving Small Banks Out of Business and Eliminating Cash

More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden. Negative interest rates are spreading worldwide. And yet negative interest rates – supposed to help … Continue reading

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Cashless Society War Intensifies During Global Epocalypse

By David Haggith, the Great Recession Blog. In the fall of 2015, the world descended into an economic apocalypse that will transform the globe into a single cashless society. This bold prediction is based on trends in nations all over the earth as … Continue reading

Posted in Business / Economics, Politics / World News | 10 Comments

Hang Onto Your Wallets: Negative Interest, the War on Cash, and the $10 Trillion Bail-in

By Ellen Brown. In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot? Remember those old ads showing a … Continue reading

Posted in Business / Economics, Politics / World News | 5 Comments

Veterans Affairs Paid Out $142 Million in Cash Bonuses Immediately Following Deadly Scandal

Submitted by Mike Krieger via Liberty Blitzkrieg blog, The Department of Veterans Affairs doled out more than $142 million in bonuses to executives and employees for performance in 2014 even as scandals over veterans’ health care and other issues racked the agency. The … Continue reading

Posted in Business / Economics, Politics / World News | 4 Comments

In A World Of Artificial Liquidity – Cash Is King

Global central banks are afraid. Before Greece tried to stand up to the Troika, they were merely worried. Now it’s clear that no matter what they tell themselves and the world about the necessity or even righteousness of their monetary … Continue reading

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The War On Cash: Officially Sanctioned Theft

How banks & the government are diminishing your savings You’ve probably read that there is a “war on cash” being waged on various fronts around the world. What exactly does a “war on cash” mean? It means governments are limiting … Continue reading

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Why The Powers That Be Are Pushing A Cashless Society

We Can’t Rein In the Banks If We Can’t Pull Our Money Out of Them Martin Armstrong summarizes the headway being made to ban cash,  and argues that the goal of those pushing a cashless society is to prevent bank … Continue reading

Posted in Business / Economics, Politics / World News | 48 Comments

Charting the American Oligarchy – How 0.01% of the Population Contributes 42% of All Campaign Cash

Submitted by Mike Krieger via Liberty Blitzkrieg blog, This is an economic fight, but this is also a political fight. The biggest financial institutions aren’t just big – they wield enormous political power. Last December, Citibank lobbyists wrote an amendment … Continue reading

Posted in Politics / World News | 21 Comments

Will Cash Always Be Trash, Or Will It One Day Be King?

When the phantom wealth evaporates and risk assets go bidless, cash will once again be king, for the simple reason there will be so little of it. Occasionally it’s a good idea to step away from the daily grind to … Continue reading

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What Happens When Cash Is No Longer Trash?

Those who actually create value as opposed to chasing yield with nearly-free money will actually have some traction once the swamp of excess liquidity drains. When those closest to the money spigots of the Federal Reserve can borrow billions for … Continue reading

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Eating Our Seed Corn: How Much of our “Growth” Is From One-Time Cashouts?

We as a nation are consuming our seed corn in great gulps, and there will be precious little left in a decade to pass down to the next generation. Anecdotally, it seems a significant percentage of our recent economic “growth” … Continue reading

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Congressional Research Service Confirms Big Banks Borrowed Cash For Next To Nothing, Then Lent It Back to the Federal Government at Much Higher Rates

As I’ve noted for years, the government has been guaranteeing that the big banks make money at taxpayer expense by loaning money at very low interest rates, and then letting the banks loan the money back to the government at … Continue reading

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Top Recipient of Political Cash from BP, Goldman Sachs, Defense Contractors AND Healthcare Giants: Barack Obama

Preface: The story that Obama was the top recipient of political contributions from BP is going viral today. I thought I’d put the story in a little context. As a side note, I voted for Obama and had high hopes … Continue reading

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Taleb: “Obama’s Attempts to Fight the Financial Crisis with More Cash is like Treating a Bad Tooth with Novocain Instead of a Root Canal”

In the quote of the day, Nassim Nicholas Taleb told CNBC: The Obama administration’s attempts to fight the financial crisis with more cash is like treating a bad tooth with Novocain instead of a root canal… Do not delay a … Continue reading

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In Depression-Era Move, Communities Print their Own Currency to Keep Cash Flowing

As USA Today points out, in another important story about alternatives to the dollar, local communities are printing their own currencies: A small but growing number of cash-strapped communities are printing their own money. Borrowing from a Depression-era idea, they … Continue reading

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The New Bubble: Cash

As the deleveraging tsunami continues, fears of deflation loom large, and the value of stocks, commodities and virtually all other asset classes is being decimated, investors are flocking to the dollar. Cash and treasury bills (which are really cash) have … Continue reading

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Banks ADMIT They’ll Keep on Hoarding Cash

Many people (including me) have been warning that the banks will keep hoarding cash no matter how much money the feds give them. Now, even the banks themselves are admitting it. As the New York Times writes in an article … Continue reading

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