Man in Sweden tries to rob a bank and is confronted by the fact that the bank has no cash. He had to leave without money. Boy! What is this world coming to when you cannot trust politicians and you can’t even rob a bank.

  France is the most socialist country in Europe; it always attacks anyone with money. France’s latest war on money is broadening to create a virtual lockdown on all assets. France is strengthening the control of cash payments drastically. Additionally, gold sales and movement of any tangible goods is to be reported. The French Finance Minister Michel […]

The “War on Cash” is heating up. Louisiana has outlawed paying cash for second hand goods, under the pretense that criminals sell stolen goods for cash. France outlawed paying more than €1000 for anything, and you cannot get more than €200 from an ATM. JP Morgan Chase is outlawing storing cash in a safety deposit box. Most […]

Louisiana has passed a bill making it illegal to pay for used goods with cash. You can no longer buy something at a yard sale, flea market, or anywhere else where cash payment is required. You must pay by check, money order, or electronic transfer instead. They claim this is targeting criminals. Yeah – good explanation, […]

I reported that the French now require banks to report to the government financial police anyone depositing or withdrawing €10,000 over one month. The United States is also moving in the same direction. The Justice Department wants banks to report to the police if you withdraw $5,000 in cash. Already it appears that deposits or withdraws […]

In ancient times, whenever there was a rise in war or political uncertainty, the human reaction was to hoard money. The hoard of ancient Roman coins 3rd century we purchased for study from Britain years ago reflected coins of both the Roman Empire and the Gallic Empire. Even the debased coinage was being hoarded. This […]

In the United States, there was approximately $1.29 trillion in circulation as of October 1, 2014, of which $1.25 trillion was in Federal Reserve notes. Interesting enough, this was nearly matched now by the Euro. According to the European Central Bank , which publishes its balance sheet every week, circulating euro banknotes has just crossed the […]

The Canadian government has had to warn its citizens not to carry cash to the USA because the USA does not presume innocence but guilt when it comes to money. Over $2.5 billion has been confiscated from Canadians traveling to the USA funding the police who grab it. If you are bringing cash to the […]

Anyone who questions when I began warning that interest rates would go negative, well that day has arrived. Investors are now paying Germany to park their money. At the first auction of six-month German Treasury bills after the recent ECB rate cut, investors had to make do with a negative yield of 0.0934 percent on […]

The numbers are in. U.S. companies (excluding banks) are all cashed up holding more cash on their balance sheets than ever in history – some $1.64 trillion at the end of 2013. That is up 12% over 2012. If history repeats, they will start to buy their own shares back when the market turns down. So much […]