Post: #51

Physical items will always have value. At the most extreme the Govt shuts down the cash market for good and only you barter, or use metal or encryption backed transactions happen in the real world. You would still be forced into digital cash and if you wanted a pay day on your assets then it would have to be in controlled digital cash. The big thing with digital cash, the value will nose dive and you can expose yourself to less risk with only keeping liquid a small percentage of your actually worthy resources.

Next for Sweden will be Garunteed Annual Income (GAI) which will only be dolled out via digi cash to force full conversion. This scam is to further make a need to print money to help tide deflation. The premise is that with free money you can keep the much needed consumer and set game going as people have money they must spend into the system.

The Banks fear cash runs as they can't run without the recycle of money flowing in so they can so magic to it and try and inflate it.

Post: #52

(07-08-2016 05:45 PM)DarianFrey Wrote:  

(07-08-2016 04:38 PM)Travesty Wrote:  This is a very interesting thread with great thoughts.

I really believe unless the bankers are tried and executed in the next decade or so this will spread.

I think at some point everyone's net worth (except the power holders) will be made public to even exert more control, so everyone is keeping an eye on each other.

Self-policing, and self-restraining seems the big goals whether it is race tension, class tension, liquidity policy. This is the only way a few hundred people can control billions easily.

This has been a thing for at least a few years in Sweden.

The evening tabloids run a big article in every respective county each year, listing the top 250 earners/net worths in 'your' area. Goes without saying they're left-leaning papers.

I remember something about the heirs to Tetra Pak going off to live in England so they could at least enjoy their wealth without the ever present media 'tsking' them.

Post: #53

Was predicted over 20 years ago.

It'll be sold to the people as a solution of convenience and the fact that the government can shut your cash flow off if you become a dissident will be dismissed as paranoia.

Post: #54

delete

Post: #55

Let us not discount the lazy cost cutting motives for States to go digital. Many have outsourced money printing to private firms whom will charge what they like and many States now are paying more to print a $1 bill for example then what the value on the note is. For coins this is especially true with the price of metals fluctuated so much. In Canada the penny web after it was stripped of most of its Copper was costing .07 to press and was scrapped.

Now my view is that it isn't pure budget tweaking as a push towards cashless systems. More means of pushing control and collections of "data" is the chief reason. Having a data base tied to your unique government identifier (slave number, social insurance #,social security). Is valuable information the Govt can use to moniter spending habits etc. plus when the coffers run lose you can always sell that information to private interests for a quick buck.

Post: #56

This was an interesting newsletter from one of the Editors in Bill Bonner's Agora publishing empire that even has me thinking that there are patterns to Digital Currencies that can have a serious upside.

Tomorrow Is the Biggest Day in the History of Digital Currencies

BY TEEKA TIWARI, EDITOR, THE PALM BEACH LETTER

For the past three months, I’ve been pounding the table about digital currencies. They’ve been some of our most popular plays.

Now you may be wondering whether digital currencies are really money at all.

Here’s the truth about money: It can be anything.

Take the U.S. dollar. There’s nothing backing it up – we went off the gold standard in 1971. So, the dollar really is… just a promise… an “act of faith.”

A digital currency is no different. It’s simply internet-based money. And like any other medium of exchange, many people around the world have decided it is money.

They believe they’ll be able to use digital currencies in the future to buy stuff. That alone makes it have value.

Now that we’ve gotten that out of the way, let me tell you what’s driving up digital currency prices (like any other currency, the digital currency market fluctuates).

These Two Forces Are Driving up Digital Currency Prices

When we initially recommended the digital currencies, we wrote they were some of the best alternative investments you could make to protect yourself from low/negative interest rates and the War on Cash.

So far, our thesis has been spot on…

At the beginning of the year, the Federal Reserve indicated it would raise rates four times. And as recently as last month, at least two rate hikes were on the table.

But with the poor May U.S. jobs report and June’s Brexit (the United Kingdom’s vote to leave the European Union), those rate hikes are now off the table.

In fact, the odds of a rate cut are now higher than those for a rate hike.

Brexit and negative interest rates are pushing investors into chaos hedges such as gold and digital currencies.

[“Chaos hedges” are protection from times of turbulence.]

The day after the Brexit vote, gold was up 5.5%, and our main digital currency recommendation was up 3%. But those jumps are just the beginning…

Why You Need to Act Now

You see, tomorrow, July 10, is when one the biggest events in the history of digital currencies is scheduled.

The last time this event happened, it ignited a 12-month bull market in one of our digital currencies – the biggest rally in its history.

The event is called “the halving.” It’s a process digital currencies use to prevent inflation.

Here’s why this rare event is so important… It should send digital currency prices higher.

<See Chart Image bottom of this post>

As you can see from the chart above, the halving was more than a one-day event.

Prices for our favorite digital currency had already moved up over 100% in the six months before the halving.

Six months after the last halving in November 2013, prices for our currency play were up 918%. A year after the halving, prices were up an astonishing 8,476%!

So, even if you get in months after the halving, you could still make big gains from this rare event.

Now, our first digital currency isn’t the only one that will get a boost from the halving, though. Our other two plays should ride this tailwind, too.

Although I expect the halving to boost digital currency prices, potential price appreciation isn’t the only reason you need to own these currencies.

They can be a safe haven for your wealth. Let me explain…

The War on Cash

As I mentioned above, governments around the world are pushing negative interest rates and threatening to ban cash.

A negative interest rate is when a government or bank charges you to hold your money in a bond or account. It’s like a second tax on money you have already earned.

I know it sounds crazy, but this is happening all over the world. More than 20 countries have already implemented negative rates. And the United States has been flirting with the idea, too.

To sidestep these negative rates, citizens in countries affected by them have been hoarding their cash.

For instance, in Japan, one of the hottest-selling items in the country has been safes. People are using them to store their cash at home rather than a bank.

If the U.S. Federal Reserve goes forward with negative rates, buying a safe to hoard your cash won’t be enough to protect your money.

That’s because negative interest rates will be accompanied by the other government policy I’ve told you about… the War on Cash.

These two forces could wreck your retirement plans if you don’t take action right now.

You see, the government knows that if it institutes negative interest rates, people will begin to hoard their cash, just like in Japan.

After all, why would anyone pay to put their money in a bank?

For negative interest rates to really work, though, the government needs to ban cash. Not all cash at first, but at least large denominations to start.

For example, in February 2016, European Union central bank head Mario Draghi pushed to ban the 500 euro note.

The very next day, he was supported by former U.S. Treasury Secretary Larry Summers, who then called for an end to the U.S. $100 bill.

If large denomination notes are banned or removed from circulation, it would be difficult to hoard money in your home. Imagine trying to store $100,000 worth of savings in $1, $5, or $10 bills.

You’d need a bank vault.

But there’s a better way…

An alternative way to “hide” your money from negative interest rates…

If you want to protect your money, you’ll need to find investments that maintain the privacy and portability of cash… but aren’t hurt by low or negative interest rates.

And digital currencies do just that.

Consider this… $1 million in $20 bills would weigh over 100 pounds. That would require a massive carrying case to move around.

On the other hand, $1 million in digital currencies can be carried in a flash drive. That’s because your money is in digital form.

Now, some investors may opt to buy gold to shelter their wealth from negative rates or a cash ban. And I do recommend owning some gold.

It’s the safest and most secure way to protect the value of your money… but it’s not very convenient.

Although gold is a good store of wealth, you can’t just break off a piece of gold and anonymously go buy something with it.

When you’re ready to buy something, you’ll need to convert your gold into some other form of currency.

And like cash, our favorite digital currency is liquid.

It is accepted by more than 100,000 merchants as payment, including Overstock, Cisco, Wal-Mart, Starbucks, and Microsoft.

And best yet, when you use digital currencies, you remain anonymous. So, your financial privacy will be secure.

What to Do Next

The War on Cash and negative interest rates are radical and insane measures. They are also huge threats to your financial security…

But you can protect your wealth from these government policies by sheltering a small portion in digital currencies.

Not only will digital currencies insulate you from negative interest rates… they’re primed to go higher. Especially with the halving almost upon us.

Regards,

Teeka Tiwari
Editor, The Palm Beach Letter

P.S. My team and I have put in hundreds of man-hours looking for the best ways to buy digital currencies. After extensive research, we’ve put together a presentation with the simple steps you should take to cash in on these huge price moves before time runs out.

To learn which three digital currencies I’m recommending – and how to buy them – watch my new presentation before the halving happens tomorrow.

http://pros.palmbeachgroup.com/1605PBLEt...MPBLS704/?

Note this link is a rather long read and they are selling an investment advisory newsletter/subscription yet the infomercial "info" aspect is interesting - I get NO compensation or financial benefit from sharing this - just curious to see what other RVF critical thinkers ideas, opinions are.

Post: #57

At the end of the day, I'd rather have a small stash of gold coins than some bitcoin. The elimination of bitcoin exchanges and ease of its conversion will be one of the defining moments for bitcoin. It's only a matter of time for governments to wise up.

Post: #58

Yeah the first thing the government would do in a cashless society would be to ban bitcoin.

I like it if I don't want government and multinational corporations knowing about a transaction but as a long term investment very foolish IMO.

Post: #59

Ok, nobodies said it yet.

What's to stop the Swedes (if this does happen) simply trading in Euros, Dollars or Pounds? If I was paying day labourers in Sweden, I'd just pay them in Euros.

Post: #60

(07-11-2016 06:22 PM)Surreyman Wrote:  Ok, nobodies said it yet.

What's to stop the Swedes (if this does happen) simply trading in Euros, Dollars or Pounds? If I was paying day labourers in Sweden, I'd just pay them in Euros.

Your neighbor will call the cops on you and the Labor Board will visit. That's how it's done in Scandinavia.

Post: #61

Quote: If I were a Sweede, I'd be moving my funds to US Dollars for anything in excess of what I need for daily expenses.

US banks suffer from far higher regulation and oversight.

Post: #62

Late to the curve as usual...for the commentators. Armstrong was reporting that they were wanting to do this years ago.

Post: #63

So what are the best stores?

Is the consensus alcohol, guns, and utility items (lighters) among other things?

I was thinking about stacking up on the dwindling supply of Scotch, anyway (single malts, that is)

Post: #64

(07-12-2016 08:45 AM)Vicious Wrote:  

Quote: If I were a Sweede, I'd be moving my funds to US Dollars for anything in excess of what I need for daily expenses.

US banks suffer from far higher regulation and oversight.

This is true, but the US Dollar will continue to be a great hedge currency.

Post: #65

I searched and didn't see a "cash ban" thread but this was the closes one to it.

India just banned notes 500 Rs and higher. 500 Rs is worth about $7 USD.

Their reasons: "black market", "corruption", and "fake currency."

They also limited ATM transactions to 2000 Rs (about $28 USD).

The thing that makes this especially outragous is in India the vast majority of transactions are still in cash and many people do not even have bank accounts.

Post: #66

(07-08-2016 09:59 AM)Mercenary Wrote:  So Sweden may become the first country whose citizens may have to accept negative interest rates (probably in the form of higher bank charges or fees) or be forced to spend their money to "save" it from those rates. A resistance is forming, and some people are protesting the impending extinction of cash. Björn Eriksson, former head of Sweden's national police and now head of Säkerhetsbranschen, a lobbying group for the security industry, told The Local, "I've heard of people keeping cash in their microwaves because banks won't accept it."

Is there anything that the Swedish people will NOT accept? What a dickless bunch of lemmings for crying out loud. I swear, if those feminists would pass a law that all Swedish men would have to slam their penises with a hammer once per day, the majority of those wankers probably would just comply.

It must be extremely depressing having to live in that country these days. Can you imagine? Plus in the winter there barely is any daylight. The arctic hell of feminism, the law of Jante, Islamic extremism, and now you're being totally at the mercy of corrupt banksters. Sweden is FUCKED.

Post: #67

(07-11-2016 06:22 PM)Surreyman Wrote:  Ok, nobodies said it yet.

What's to stop the Swedes (if this does happen) simply trading in Euros, Dollars or Pounds? If I was paying day labourers in Sweden, I'd just pay them in Euros.

Because Swedish people are dickless lemmings.

Post: #68

This is still a click-bait story without any grounds in reality. I can refute this by walking out the door and take a short stroll. But hey, don't let that stop your assault on the straw man, if that's what keeping the boogeymonster of the evil socialist state alive.

redpillage, tell me all about your visits to Scandinavia. Because surely you've formed your convictions from having boots on ground rather than just reading some stories online and reacting like a useful idiot running another power's errands?

Post: #69

(12-06-2016 02:50 PM)Vicious Wrote:  This is still a click-bait story without any grounds in reality. I can refute this by walking out the door and take a short stroll. But hey, don't let that stop your assault on the straw man, if that's what keeping the boogeymonster of the evil socialist state alive.

It's a Swedish plan for the next 5 to 10 years....no one here claimed there is no cash now.

Post: #70

(12-06-2016 02:56 PM)Mercenary Wrote:  

(12-06-2016 02:50 PM)Vicious Wrote:  This is still a click-bait story without any grounds in reality. I can refute this by walking out the door and take a short stroll. But hey, don't let that stop your assault on the straw man, if that's what keeping the boogeymonster of the evil socialist state alive.

It's a Swedish plan for the next 5 to 10 years....no one here claimed there is no cash now.

You're right, you claimed that carrying large amounts of cash would get you investigated by the Police. Which is of course untrue, unless you try to make questionable transfers with them which will be subject to scrutiny anywhere in the post-911 world. In fact the US has WAY tougher monitoring of fund transfers committed by their citizens.

And what on earth is a "Swedish Plan"? Who do you imagine are in on this?

Post: #71

(12-06-2016 02:50 PM)Vicious Wrote:  This is still a click-bait story without any grounds in reality. I can refute this by walking out the door and take a short stroll. But hey, don't let that stop your assault on the straw man, if that's what keeping the boogeymonster of the evil socialist state alive.

redpillage, tell me all about your visits to Scandinavia. Because surely you've formed your convictions from having boots on ground rather than just reading some stories online and reacting like a useful idiot running another power's errands?

No it's pretty real, India banned large cash bills about 2 weeks ago, and their entire country is about to rip itself apart. Their PM Modi has wrecked their entire economy in no time flat by immediately banning large bills, while Australia and a few other countries are experimenting with eliminating large bills to similar disastrous results as well. But right now India is ground zero for this social experiment, and you can damn sure believe banks around the world are watching them with the hopes that they can do the same thing everywhere.

And I believe redpillage has a pretty good handle on Scandinavia Mania, I think he's in Germany or somewhere in Europe, and he has been discussing Swedish craziness in the European Invasion thread for almost 2 years now.

Post: #72

(12-06-2016 03:07 PM)Vicious Wrote:  You're right, you claimed that carrying large amounts of cash would get you investigated by the Police. Which is of course untrue, unless you try to make questionable transfers with them which will be subject to scrutiny anywhere in the post-911 world. In fact the US has WAY tougher monitoring of fund transfers committed by their citizens.

My original post quoted a news article from this source:
http://uk.businessinsider.com/sweden-cas...?r=US&IR=T

I quoted it, but I did not write that article or make those claims.

Post: #73

People might be forced to start buying gold, silver and platinum coins/bars.

Post: #74

(12-06-2016 03:07 PM)Vicious Wrote:  And what on earth is a "Swedish Plan"? Who do you imagine are in on this?

It's an official government program to eliminate cash completely.


Here you go:

https://www.theguardian.com/business/201...ing-europe

http://www.nytimes.com/2015/12/27/busine...nears.html

Post: #75

(12-06-2016 03:13 PM)DamienCasanova Wrote:  No it's pretty real, India banned large cash bills about 2 weeks ago, and their entire country is about to rip itself apart.

What does India have to do with the topic at hand?

Quote:And I believe redpillage has a pretty good handle on Scandinavia Mania, I think he's in Germany or somewhere in Europe, and he has been discussing Swedish craziness in the European Invasion thread for almost 2 years now.

My point exactly. There sure are a lot of people good at discussing on the forum. Some will weigh in on any topic, all they need is to read an article by their favorite mouthpiece first.

(12-06-2016 03:24 PM)Mercenary Wrote:  It's an official government program to eliminate cash completely.

There's nothing in these links supporting what you claim.
One of them even states right at the top how the national bank just issued several new types of notes.
How is this even mentally meshing with all that you just wrote? Did you even read these articles or just took the first hits from google?