Bank Of England Economist Calls For Cash Ban, Urges Negative Rates

a reply to: dawnstar

Exactly.

The point is to get more people borrowing (doesn't matter what they are using the borrowed monies for - buying a house, investments, whatever). The only thing that matters is debt accumulation.

And once the economy boosts back up with increased debt, they can then turn around and jack up the interest rates leaving people overdrawn on their debt service.

It's a con game - attracting flies with honey.

a reply to: CranialSponge

flies seem more attracted to feces and rotting meat than honey
you ever buy those bag style fly traps?
.....sure doesnt smell like honey


just saying

If they ban cash we're done. Cash, even though it's technically supported only on our faith that it has value, is still the only functional method we have of economic freedom. It allows us to freely associate and purchase without restriction. Once that is gone we're finished. We'd be better off going back to barter and trade as difficult as it is.

a reply to: mOjOm

We'd be better off going back to barter and trade as difficult as it is.

That will happen anyway,there is a huge cash market...just look at drug dealers as one simple example....people will find a way to trade for the things they want and need

It's only wise to get some food stock now when it's quite! Don't wait till eveyone else finds out.

Peace

originally posted by: hopenotfeariswhatweneed

That will happen anyway,there is a huge cash market...just look at drug dealers as one simple example....people will find a way to trade for the things they want and need

Yes we'll find a way but the thing is we already have a way right now so why throw it away. Cash isn't the problem. They just want to use that excuse to take control of every aspect of buying and selling.

Also, I don't want to have to pay for my drugs with chickens or corn.

Isn't it only 1 man out of 9 who is speaking of this? Do we know what the other 8 think - unless this is the government's and bankers way of letting their planned actions become public knowledge - slowly, slowly catchee monkey e.g. the public monkey?

There is something very sinister about removing cash because its the last bastion of public independence and choice.


If we only have plastic cards then any person can suddenly be shut off from their money and as an earlier person pointed out they could simply up and up their charges.

When did we give bankers the power over our lives they have today? I have enough problem with bent politicians but the power of the bankers needs a damn fast crop. The bankers who make these decisions are privately owned banks by a few elite at the top of the pile and its time their control over our lives was removed - one reason alone is incompetency the other fraud and most importantly I have never elected this agenda or them. Democracy eh when it suits the bankers!

a reply to: infolurker

Bank Of England Economist Calls For Cash Ban, Urges Negative Rates

This is why they want it,

Cash cannot be traced to anyone.

signing a credit card slip is a hit and miss affair.

PIN numbers enable the transaction to be traced to 2-3 people but does still not 100% accurately identify the person who did the transaction enough to lead to conviction

cashless provides 100% traceability to you and only you and it will lead to automatic conviction.

A cashless economy means that you will never be able to keep your money anywhere other than in a bank. Perhaps that’s why they wrote those bail in laws.

They will be able to account for every single cent the state, an employer, friends, family or anyone else gives you and for each and every cent you ever spend. Each and every 'un-anauthorised' transaction will be known at the press of the enter key and you will have some explaining to do.

It enables a life long 100% accurate financial transaction history from baby to end of life. It also makes it impossible for you to do a bit of work for cash in the hand.

Enables central banks to impose negative interest rates in hard times because you cant take your money out of the bank

Small denomination notes are intended to be a disincentive to use cash.

Ensures you cannot ever take Malcolm Frazer’s advice to keep your money under your bed.

Facilitates the introduction of a one world currency.

Legalising street drugs will be the sign they are clearing the way for a cashless economy

Welcome to their vision splendid ...... almost realised.

originally posted by: mOjOm

originally posted by: hopenotfeariswhatweneed

That will happen anyway,there is a huge cash market...just look at drug dealers as one simple example....people will find a way to trade for the things they want and need

Yes we'll find a way but the thing is we already have a way right now so why throw it away. Cash isn't the problem. They just want to use that excuse to take control of every aspect of buying and selling.

Also, I don't want to have to pay for my drugs with chickens or corn.

It will be a cold day in hell before that kind of control will be handed over:....

mmmm...chicken.!

originally posted by: infolurker
a reply to: dawnstar
You don't own anything unless you physically possess it generally.

Even things you posess physically, is not really yours, if you have to make periodic payments to someone else to keep holding on to it.

In the old days, the King owned land, and everybody paid the king rents to squat on his land. The King granted nobles land, and the peasants paid the nobles rents to squat on the Noble's land. So, there were people who actually owned things back then. Today, everybody pays the state rents to hold land and real estate, the rents are called "taxes", so everything is owned by the state. If you stop paying the rents (taxes) the state simply takes the property away.


Even the "cash" you stash away under the mattress is not yours, the state can simply "re-value" the notes and declare new purchasing powers for the same pieces of paper and coin you're hiding away in your safe place.

About the only thing you can hold, that remains yours, with any certainty, is "knowledge" held in your brain. If you know how to fish and to farm, to hunt, and to build things, you can remain rich even while the economy collapses around you. Rich, that is, relative to the condition of others, who lack the knowledge to provide for themselves, these things you know how to do.

The only property worth acquiring is "knowledge".

Everything else can be taken away. If they can take it away, it is not your's, you are just the temporary guardian of the thing you hold dear.

good post thanks

this all seems to tie in together

if you are into the New World Order then money is to be abolished for this to work. If they pull off their 1 world way of living, lets say...Islam. reason I picked Islam? . .if you are in power wouldn't Islam be the best religion for all sheeple to follow? step out of line and have harsh consequences (if we are talking about the law)..perfect for the controlling puppet masters.

No paper Money will be part of the NWO and have everyone on chip and pin cards, why?

Because its fully traceable, no hiding money under your floor boards and choosing what to pay tax on if you are self employed.No popping down to your local drug dealer unless he/she has a LTD company as cover. The RFID chip will of course be manufactured into the card with GPS so you are always on the grid. If you look to protest against governments or you a criminal on the run or you just against the governments agenda. . oh wait, lets turn off your card so you cant access any money.

i watched a video years ago with AAron Russo talking about a conversation he had with a Rockefeller explaining this was going to be the plan - . .its with Alex Jones so please take it with a pinch of salt.

See it here - www.youtube.com...

anyone else feel this is part of a bigger ploy? or just because we are in negatives?