Negative Interest Rates And The Cashless Society

Discussion in 'Financial Planning' started by LastOutlaw, Jul 6, 2019.

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  1. LastOutlaw

    LastOutlaw Expert Member
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    As Interest rates have plummeted over the years and never really risen back to their original levels there is talk on some levels of the future and negative interest rates and the cashless society.

    Now one may think that a negative interest rate would mean a great deal on your home loan however in all truth the talk of a negative interests rate of course will only benefit the bankers who are already too big to fail, have been for a long time and were never broken up as they should have been and instead were conglomerated into larger and larger banks as the gobbled up the smaller ones who failed around 2008.

    The idea behind negative interest rates is that every check that is run through a bank or any deposit made would be forced to pay a fee to the bank for handling the money. As more and more companies demand direct deposit it seems to reason that this is all the plan to take control of everyone's finances thereby controlling everyone via control of their funds.

    As the country talks of healthcare for all and medicaid for all and the concerns of control of the masses by controlling their right to life and such, once negative interest rates and a cashless society is implemented everyone will lose more and more of their hard earned money as the banks raise rates and charges to even handle your funds that you earn. At some point they can easily turn off all funding for anyone who they may deem an enemy or criminal.
     
  2. LastOutlaw

    LastOutlaw Expert Member
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    Bump
     
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  3. poltiregist

    poltiregist Master Survivalist
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    I know I am paranoid and will admit , just yesterday I was sitting in a U.S. Revenue Office and wondering if they would accept cash for a driver license .
     
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  4. IBME

    IBME "ALASKAN"
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    It is a bad deal, a very bad deal. What happens at the end of the monetary illusion road. When there is little or no remaining road down which to kick the can. It has a much greater impact on younger then on old people. It is actually fairly good for me.
     
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  5. poltiregist

    poltiregist Master Survivalist
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    The next step after the cashless society is implemented is to get as many countries as possible to use the same monetary system . One more step toward global control .
     
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  6. watcherchris

    watcherchris Master Survivalist
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    There is a difference in lawful tender and legal tender. And the difference is significant.

    There is also a significant difference in the terms and substance of ...Lawful Money and legal tender.

    12 United States Code Annotated ....Section 152.

    Phony fiat currency is a cashless society....they just desire to take it to the next step..to where they can track everything and anything people buy...hence electronic money.

    This is because over time ...it has been determined that people are actually competitors in the marketplace...not citizens.

    And the common denominator for controlling/herding people is money...currency...whatever is being used as a medium of exchange.


    The Advance attempts to go to a cashless society is to get people accustomed to using some kind of store "Rewards" card when making ones purchases. Thus ones purchases are tied to a name and address, bank account...etc etc etc.
    Total traceability of what one buys.

    This is the primary purpose of Rewards cards...or your Sams or BJ's card...not saving us money..but data collection...worth much much more to someone than your savings.

    When the stores ask me ...such as bass pro shops... if I have a rewards card...I ask them if this means I cannot buy this stuff???

    Don't worry ...at some time in the future...this is exactly what is going to happen when they go to the next step in "Herding."
    You have to possess the card or mark in order to buy from that store. No cash allowed.

    They are going to void out the various Coinage Acts... going back to April 2, 1792....under an emergency of course.

    Ishmaelites doing what they do best....Herd People.

    My non Ishmaelite .02,
    Watcherchris
     
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  7. Kranky

    Kranky Well-Known Member
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    Something happened recently that really freaked me out and the above is just verifying why I was freaked out.

    I was going to order something from Wal-Mart online. I can't even tell you how long it's been since I've ordered online from there, but I was single at the time, and have been married since then. So, new name, new email address when checking out. Somehow, even with my name change, new email address, they tracked my bank account and had these suggested items that are recently purchased. These items were recently purchased from my husband with his own debit card. I know, duh, they tracked it with my banking and our history of what we've purchased from the same bank account. EVERYTHING we've been using attached to that banking account is being tracked, way back for years.

    Why? Why do they have to know what we buy? It just felt so damn intrusive. Not like I'm buying anything unusual, just toilet paper and deodorant. But why do they have to keep track of that? Where's our autonomy? It's like I don't want to buy anything anymore that's not in cash. Yet we are being forced more and more to have everything attached to a freaking bank. I wouldn't even know how to begin getting un-attached to the banking industry, but want to figure it out now.
     
  8. watcherchris

    watcherchris Master Survivalist
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    Kranky......

    A bureaucracy is built on a foundation of paperwork...the higher the paperwork stack..the more secure the foundation.

    The purpose of such an bureaucracy is to "Herd " the citizenry. Today this means socially herding...meaning political herding.

    To efficiently do this ...they have to know more and more details of your business....your children...you property and habits as well...

    Your bank accounts are a trail of your habits...your families habits too.


    This is why such an bureaucracy does not like cash...or if you prefer..coin of the realm. It is difficult to trail...to follow cash....

    Therefore it is more difficult to herd people who deal in cash...more difficult to follow trends...

    To socially and politically herd people......they need to know what people are doing and by this what people are thinking...believing...in order to steer them...in the direction socially and politically desired.


    It is no one's business what you are buying...but you.


    When you cannot be trusted with your monies, your children, and private business or even gun ownership.......why would a people ever think they will be trusted with a vote????

    Are they not trying to bring in millions of Illegals..put them on welfare....for which we have to pay via our taxes and then also put them on the voting rolls??
    Because Americans can no longer be trusted with their vote...trusted to vote and or be controlled in a predictable manner....herded.
    This was the Deep State lesson from the 2016 election. Americans cannot be trusted with their vote.


    Think it through.....again and again and again....

    This is one of the reasons the banks are set up to flag people who withdraw more than so many thousands of dollars of their own monies...in cash...
    They want to know what you are doing with it.

    Yet this phony government under the Obama Administration can fly plane loads of paper monies to Iran....into the billions of dollars to a country which does not like us. Do you see a problem and huge contradiction here?? I do!!
    You cannot be trusted with your own money ..but government can!!!

    Flatulance...total Flatulance.


    This is what Ishmaelites do....Ishmaelite= bondage...herding..controlling.


    My non Ishmaelite .02,
    Watcherchris
     
    Last edited: Jul 7, 2019
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  9. Old Geezer

    Old Geezer Master Survivalist
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    Deutsche Bank is one of the principal banks propping up the European economy. The banks of Greece, Spain, and Spain are insolvent, therefore other banks must find way to keep such important banks from closing their doors.

    https://www.cnbc.com/2019/07/07/deu...-business-and-scale-back-investment-bank.html

    And then there is the pretend money phenomenon.

    Europe can't let England exit. Europe needs to drain every bucket of "money" ... even if it is just pretend money.

     
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  10. LastOutlaw

    LastOutlaw Expert Member
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    Restructuring my ass. They are crashing.
     
  11. TMT Tactical

    TMT Tactical The Great Lizard !
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    Restructuring is Banker talk for we screwed the pooch and it is coming back around to bite us.
     
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  12. watcherchris

    watcherchris Master Survivalist
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    The European banks/countries have been for a long long time supporting social programs which amount to their version of Cloward-Piven give aways....economic freebees on the public purse.

    This is a massive welfare socialist program designed to bankrupt nations ..in particular by forcing massive immigration and putting these immigrants on the public purse/breast....at taxpayer expense.

    In short...banks working with governments to increase the money supply to support more socialist give aways on the backs of the taxpayer. This causes eventual inflation and collapse of the economy ....failure of the banking systems.

    Remember something in particular about Germany....Western Germany is not only supporting huge blocks of immigrants but supporting the former East Germany to rebuild as well. A huge drain on their economy...and economic systems.

    And now it is coming back t o bite them...on the backside.


    Now.................


    I bring this up because this is precisely the destructive path being taken by the left here in America. Massive immigration of people to be put on the public breast/purse and thus break our economy...in order for the left to get predictable, controllable, guaranteed voters..voting for deep state socialism......since the American public clearly demonstrated in 2016 that they cannot be counted on to predictably vote leftist.

    America must be punished for their disobedience and Cloward-Piven is how the left/socialist/deep state intends to punish this country...economic collapse...as is coming in Europe.
    Then America will be ripe for UN take over of our form of government ....and people.

    There is more......but this will suffice for now.


    My non Ishmaelite .02,

    Watcherchris
     
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  13. Old Geezer

    Old Geezer Master Survivalist
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    Bingo! We have a winner.
     
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  14. TexDanm

    TexDanm Shadow Dancer
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    If you track a lot of the crud these days you begin to see things that make you question where paranoia starts and reality stops. If you look hard you will find that all of this refugee migration stuff with is just mostly simply importing terrorism so the liberals can take over. Then look at the global warming thing that is basically destroying America so they are as poor as the rest of us and have no rights and the liberals can take over. The money thing is an old trick. If you give the cash away to people that do NOTHING to earn it, in the end, that makes the efforts of the workers worthless. This will crash an economy and allow a coup to move in and take over. Hitler came into power on the skirts of a scam like this.

    Another example. If the government in Greece prints and hands out Uros like breath mints to all their people. Those people can then go into other countries where people actually work and buy whatever they want. Since their Euros don't represent any effort they spend freely. This causes inflation and the poor idiots that actually work actually end up poorer than those that just hold out their hand.

    Liberal Americans are already doing this and it is only supportable here by the MASSIVE imbalance in the interest rates that working people pay versus what they get if they save it in a bank. Give me 3% and then charge me 23% is how you finance the giveaway. Understand, cash actually has NO intrinsic value. Banks and the government are the only places where the money is real and to them it means nothing. A dollar bill is basically an IOU that you have accepted from a person that has nothing of value that you can hold in trust as collateral.

    The only person that is responsible for making that IOU good is the issuer. They want them back so they can destroy them erasing that debt. The banks and the Government are play money distributors. they work for hand in had to balance things out but the Liberals would love to see double-digit inflation again so they are print and giveaway money managers.

    If you will look back you will see that high returns on cash investments go hand in hand with high inflation rates.

    France can't win a war and the Germans would rule Europe if the US would butt out. France has decided that if they can't win a war maybe they can help those that can, destroy the US, and then at least be the big dog's buddy. The EU has exported its liberal trap to Great Brittian. They have tried to ship it to the US but can't get us to go for it so that want to crash our economy. Nearly all the global warming and importing of terrorists is liberal efforts to take over. The truth is that the Islamic terrorists are little more than an easily stepped on bug as soon as they have served their purpose.

    Europe is lost. Great Brittian is almost lost and if Germany wants to take over there will be no real resistance if they can cripple the US AND Great Brittian. China has the same problem with Japan. If America loses stride China will own them. There is a situation that works like scissors developing. China is putting money into the US while Europe is trying to pull it out. China wants Japan and I think in the end the Germans will take Europe again. Liberals are basically a suicide cult and in the end, someone will give them what they want.
     
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  15. Old Geezer

    Old Geezer Master Survivalist
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    Here the bank is flailing in the water and the European economy is supposedly in "happy times". Uhhhhhh...makes one wonder how things will be going when times aren't so "sweet"!

    Listen, having Greece and Spain in default is way not good, however neither are among the big boys. Italy's banks are on MAJOR life support from uhhhh let me think ... yep, German banks to include Deutschebank. Heard of them? Italy is no small economy, I could go on. Italy heading down the tubes plus no significant percentage of their populace wants to hear the word "austerity". Now Deutschebank admitting that it is in gales off Cape Horn, gosh boys and girls, that's big news. So in the media, what do we read?! Yep, "Don't worry be happy!"

    I'm here to tell you, I DON'T GET IT!!!!!!

    Were I in such a condition, my creditors would have me in court next week. The state's prosecutor would be looking at bringing charges of fraud against me. I'd get thrown under the county jail! The courts would be auctioning my house and properties. However, if you are too big to fail, suddenly it's time for the greasy politicians to get out the old straw hat and cane.

     
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  16. watcherchris

    watcherchris Master Survivalist
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    Makes sense to me.....Another Marshall Plan in the making.

    Shame the Europeans wasted the first Marshall Plan...but no problem.

    America will do a second one.....all the while we are subsidizing Mexico and Central America and whomever else wants American Breast feeding.

    Cloward/Piven run wild.

    Don't worry...America and Americans are good for it.!!!!


    Ishmaelites run wild...


    My non Ishmaelite .02,

    Watcherchris
     
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  17. Pragmatist

    Pragmatist Expert Member
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    Good afternoon all,

    For those not familiar with the Marxist "Cloward-Piven strategy" that our Watcherchris referenced, ...

    Columbia University sociology professors Andrew Cloward and Francis Piven gleaned as much they could from the writings of Marxist Saul Alinsky and his ACORN.

    Omitting much, Cloward-Piven overloads public sector welfare programs with poor people being used to fatigue, and later collapse, the programs. The political implications are obvious.

    ...

    Ref the thread's theme, there's just too much vast technical material needed to explain what's going on. That's why in-person orgs are needed. I used to belong to some but the knowledgeable are oldest / most experienced and the way of all flesh is not to Cabela's or the Dutch Caribbean. If not institutionalized, we are just Moira , blowing in the wind.

    One basic point I'll mention that's easy enough for the typing requirement of the web; continental Europe, as we know it, is finished economically. A major indicator to reflect on is why does the EU allow the individual member nations to have their own central banks.

    The US is in semi-decent economic shape but cannot discuss until 2 Novembers from now.
     
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  18. watcherchris

    watcherchris Master Survivalist
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    All central banks are tied to a global central bank..and have been for years and years...

    They may have certain latitude in their own nation but at the top level and business...they follow a central directive when told to so do.

    This is why beyond a certain point....governments do not challenge these banks....at the top levels...for they are dependent on their money "Creating " ability ....credit..borrowing on the public credit..taxes...as collateral.
    This is an incestuous relationship between governments and the central banks and the central central bank governing all of them.

    These banks at the top levels wind up running governments and many of the top families behind the governments.

    For example ..in China years ago...the Soong family was Rothschild bank...and control....so too Chang Kai Shek.

    Bank of Nanking....Rothschild bank.

    Bank of England....Rothschild bank...who do you think was running the Opium business for so many many years in China??? The Opium War to allow.....facilitate the opium trade... not to stop it.

    And this continues unto this day.



    Creating money unlimited by unlimited credit...is the goal....as well as controlling how it is spent.

    Taxes are the collateral a government uses/mis uses to create money unlimited...on the public debt.

    Collateral for these loans is the taxpayer.


    This is why so many leaders educated in public schools on Keynesian Economics do not like Hard Money...gold and silver....and will fight it tooth and nail.

    This is also why Kaddafi of Libya needed to go...he had amassed enough gold to begin coining money in gold....and planning to put it in circulation.....gold coinage.
    This would have put the phony fiat money banks and nation manages in a bind.....with their phony fiat money rigged economics and politics. Kaddafi had to go.
    Kaddafi was also in the process of teaching other African nations how to break out of the central bank controls.
    Again...not allowed.

    When you hear of Trump and Company going after the Fed....he is going after a much much bigger prey than the Fed....Globally....
    The Fed is a branch bank of this global operation.




    My non Ishmaelite .02,

    Watcherchris
     
    Last edited: Jul 11, 2019
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  19. LastOutlaw

    LastOutlaw Expert Member
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    Bill Holter & Jim Sinclair On Greg Hunter's USA Watchdog
    Gold $87,000 per ounce at Least

    Really?

     
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  20. LastOutlaw

    LastOutlaw Expert Member
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    So if gold goes to $87,000 per ounce then does that mean that anyone holding physical gold will make a killing or will a loaf of bread cost $5000?
     
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  21. LastOutlaw

    LastOutlaw Expert Member
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    I've heard that this is also why Saddam Hussein was taken out. He was minting his own coinage in precious metals. WMD and terrorists my butt!
     
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  22. Old Geezer

    Old Geezer Master Survivalist
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    A loaf of bread will cost $7,500.
     
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  23. Old Geezer

    Old Geezer Master Survivalist
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    Silver coins will do better.

    Silver has been undervalued for an eternity. Individual silver coins will not draw the attention that any gold coin will draw. Gold is for large purchases among people who know/trust each other. Notice that I did NOT say "kin" or "family". Your real family consists of those who have had your 6'o'clock during hard times.

    And one of The Christ's own disciples betrayed Him.
     
  24. Old Geezer

    Old Geezer Master Survivalist
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  25. watcherchris

    watcherchris Master Survivalist
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    $87.000 gold is not the price of gold...it is the value or more accurately the loss in value of your paper phony fiat dollars....no one wants to openly state this...to keep the con job running.

    These people are doing one hell of a mind trick on people who have never thought it through...sufficient to realize what is going on with what we are using as money...currency.

    Ishmaelites run wild......in our own government


    My non Ishmaelite .02,
    Watcherchris
     
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  26. TMT Tactical

    TMT Tactical The Great Lizard !
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    When the monetary system becomes digital, the government will own you. You will become their slave. They won't even need chains, overseers, or enforcers, just a simple push of a button (computer key) and all your asset are frozen or even erased. China is already doing that to it citizens and banning individuals from travel that speak poorly about the state or fail to toe the line.
     
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  27. watcherchris

    watcherchris Master Survivalist
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    I think you mean..."Herding" TMT Tactical... Herding.
     
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  28. Pragmatist

    Pragmatist Expert Member
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    Good morning Watcherchris,

    The nicest statement I can make about your above post of 08:55 AM is that it is 100% wrong.

    COMECON's central banks never participated in the petrodollar trade.

    Libya's gold and it's value was determined by ICE London.

    The US was in competition with London re wealth transfers - see Regulation T of the Federal Reserve System. This changed after the oil embargoes with the "Special Relationship".

    Forget visions of a world government. Great Power confrontations will continue less lamb stream media reports saying otherwise.

    The world has changed since the end of WWII. Mexico has more millionaires than Switzerland. Singapore has more foreign exchange reserves than India. Israel is the 8th most powerful nation in the world. I gave you a copy of the flu vaccine program involving China. It inherently explains all there is about what's really going on.

    As an aside, BIS Basil is controlled by the US.

    The world has changed since the end of WWII.
     
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