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Showing posts with label end cash. Show all posts
Showing posts with label end cash. Show all posts

Monday, February 29, 2016

It didn’t take long for Japanese citizens to rush to get their money out of their banks thanks to NIRP

If the world ever wanted to see in real time what people do when their government puts a tax on their savings, then all they need to do is take a look at Japan now that their central bank has implemented a negative interest rate policy (NIRP).  Because just weeks after the Bank of Japan’s (BOJ) head Kuroda announced the new policy out of thin air, runs to get cash out of banks have begun in earnest, with sales of personal safes exploding across the country and people stacking them with millions of 10,000 yen currency bills.
NIRP is a draconian tax on anyone with money in a bank account, or paper investment account, and is done in the attempt to force the spending of money whether the people want to do this or not.

Read more on this article here...

Monday, January 25, 2016

Following Davos, Norway’s biggest bank calls for an end to the use of cash

As the annual World Economic Forum in Davos ended on Friday, the ‘Masters of the Universe’ returned home to enact some of the many topics they discussed on finance and the global economy.  And in accordance with the growing trend among the elites to ban the use of cash in the marketplace, the biggest bank in Norway on Jan. 23 raised their voice and joined in with the trend.
Norway had long been a poster child for fiscal responsibility, with nearly a trillion dollars stored away for their people from oil revenues in their North Sea production.  However, it is because of these same oil prices, and in particular their year long decline, which has led the Norwegian economy to suffer greatly and look for alternative ways to protect against capital flight.

Read more on this article here...

Sunday, November 22, 2015

Adviser to several U.S. administrations unveils the plan to eliminate cash in commerce

Throughout history, there have been some men and women who have superseded political parties and functioned in the role as an adviser to multiple administrations.  And one in particular is now laying out the case as to why the U.S. and Europe are formulating plans to try to eliminate cash, and bring about a fully controlled digital system.
Whether it is gold or the current forms of fiat currency, the right to hold physical money and legal tender is a very important component of having freedom and liberty in a society.  For it is only by physical ownership that one can determine how one’s own wealth is spent and saved, and to give up that power is to give permission to others to determine for you how that money is used.
The whole purpose behind the theoretical and practical elimination of money is to give private corporations, aka… central banks, the power to force or curtail spending, to coerce everyone into having a privately held bank account, and to use monetary policies that protect the rich by determining who and where your money can be spent contrary to your desires.

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Wednesday, October 14, 2015

Following Greek elections, government imposes new capital controls on public workers and retirees

Less than three weeks ago, the people of Greece willingly voted to keep the Syriza party in power, despite the fact they had to know that this would mean further austerity measures already crushing the economy after five years of such measures.  But for those who chose to take one taskmaster (austerity) in exchange for another (default), the consequences of this choice is now beginning to emerge.
Civil servants, or those working for the government, along with retirees receiving pensions will now experience a program of capital controls which will limit their ability to withdrawal large amounts of cash from banks or ATMS.  In fact, this new policy will only affect public workers and retirees as regular citizens will be able to withdrawal greater amounts than what is being proscribed to civil servants.

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Sunday, October 11, 2015

Besides banning cash, banking cartel begins to drop hints of ending capitalism entirely

In capitalism, one of the most important fundamentals is that of price discovery being a natural occurrence determined between supply and demand among producers and consumers.  But for centuries this natural facet of free markets has been stymied due to political agendas, and corporate manipulation.
And with the advent of central banks, who have used their power over money supplies and interest rates to skew the natural course of all price discovery, and determine winners and losers in the ‘free markets’, their inevitable failures are now leading financiers and economists within their sphere to blame the tools of the market as the problem, and not their own actions and policies.
Which suddenly leads us to their next scheme, and one that is an attempt to stave off the bubbles and debt traps they have created for themselves and all of society… the ending of both cash and capitalism completely, and moving towards a 100% mandated economy run by a combination of the state and the banks.
In essence, the implementation of fascism.

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Monday, August 31, 2015

Another mainstream publication calls for the banning of cash

We have talked about in the past a paper published by a Harvard professorwhich argued that a ban on cash would be beneficial to helping the central bank perform monetary policies that give them much more latitude in the economic and financial arenas.  Of course, this ‘educator’ failed to recognize that it is not the fault of money that was ever the issue, but rather that fallible bankers, who are more ideologues than economists, have no idea about what they are doing and that the real answer lies in getting rid of them, rather than restricting the freedoms of the people to own cash.
But sadly this growing trend in both the academic and financial circles appears to be increasing as last weekend the Financial Times suddenly got on the End Cash bandwagon, and is even referring to fiat physical money as a barbarous relic.

Read more on this article here...

Monday, May 18, 2015

Gold and Karatbars: Bank insolvencies in Europe are behind the global move to get rid of cash

The famed economist Martin Armstrong wrote a piece on May 18 regarding the near instantaneous rush from banks, governments, and even university professors to remove the use of cash from the financial and monetary systems.  And while those on the side of eliminating cash in the economy are saying it is to aid central banks in controlling monetary policy, the real reason the public is being placed on the chopping block once again is due to the very same reasons for the taxpayer bailouts of 2008.

The banks are insolvent, and they don't want to have to pay for their failed risks and speculations.
Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking that now leads us to the totalitarian approach coming from Brussels. To maintain the euro, they must maintain the banks. However, the bank reserves are debts of all member states. As government becomes insolvent as in Greece, the banking system is undermined. The only way to prevent the banking collapse is to prevent people from withdrawing cash. Hence, we see this trend is surfacing in all the mainstream press to get the people ready for what is coming after 2015.75 - the elimination of cash. We are even starting to see this advocated in parts of Germany. We will not be able to buy or sell anything without government approval. That is where we are going, and it may be the major event that erupts after 2015.75. - Armstrong economics

This assessment, which has been affirmed by numerous sources now over the past month, leaves people with a limited amount of options.  Either they can trust the banks to remain solvent, and rely upon electronic based monetary instruments (credit cards, debit cards) to be available.  They can take all their money out of the bank, which of course would cause an instant panic and hasten their bankruptcies while forcing governments to intercede.  Or they can move their cash into a hard but liquid asset, which is not only recognized by every country in the world, but is fungible enough to be transferable into any currency at a moments notice.

The best facility to accomplish the latter is through accompany called Karatbars.  As a customer or affiliate with Karatbars, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbards, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

How to make a six figure income using Karatbars in just 7 weeks.

How to make money in both the Dual and Uni-level systems of Karatbars

The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars you can contact the Finance Examiner at [email protected], or sign up with Karatbars for free as a customer or affiliate (business builder) by clicking the link below, and filling out the one page document.