Money Underground


Move Your Money “Underground” Before the Global Bank Run Begins

Casey Daily Dispatch

4/7/17

It’s getting harder to pull your money out of the bank. J.P. Morgan Chase … noncustomers can now only withdraw $1,000 a day from its ATMs. … It’s one of the first big U.S. bank to put this kind of restriction in place. …

According to The Wall Street Journal, the government is paying more attention to “large cash transfers … Italy, Spain, Mexico, and Russia have all banned large cash transactions. The European Central Bank (ECB) is thinking about getting rid of the €500 bill. Former U.S. Treasury Secretary Lawrence Summers wants the U.S. government to retire the $100 bill. …

Of course, the government won’t stop with big bills. It wants to eliminate all cash (and) herd everyone into the digital financial system … If paper cash is eliminated, you’ll have to keep your dollars in the bank. …

We’ve been warning Dispatch readers that a “bank account tax” is coming. It won’t be a normal tax on your income. Instead, governments will order banks to take money directly from your bank account using “negative interest rates.” … With negative interest rates, you pay your bank to hold your cash. The more money you have, the more you pay. …

Europe introduced negative interest rates in 2014. Japan began using them in January. Denmark, Sweden, and Switzerland also have negative rates. Today, more than a quarter of the world’s government bonds have negative rates. And soon, the U.S. could, too. …

The average person won’t pay to store their money in the bank… Folks will pull cash out and store it at home. Businesses are taking radical steps to avoid negative rates … To avoid this cash tax, people will go underground … Gold is the ultimate underground currency. …

(Read more Casey Research. I don’t know why he doesn’t mention cryptocurrency, but it is an obvious alternative. Check out OneCoin, which is specializing in making cryptocurrency accessible to the people.)

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About icliks

Biding my time in central ms ... yours too, if ur reading this.
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