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Abolishing Cash – New Age of Economic Totalitarianism

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 […]

Gordon Brown Adopts Marx’s Theory – Eliminating Cash Will Eliminate the Boom and Bust Cycle

James Gordon Brown is a British politician who was the Prime Minister from June 2007 to May 2010 of the United Kingdom of Great Britain and Northern Ireland. Gordon has floated the Marxist Balloon for all we hear about now is eliminating physical money. Those who have ever worked in government NEVER see themselves as the problem – it […]

IRS Seizing Small Business Accounts Because of Cash Deposits

The IRS is seizing accounts of small business operations under the crime called “Structuring”. This is where you deposit less than $10,000 two or more times to try to avoid the bank reporting the cash deposits. Lyndon McLellan made two deposits amounting to $11,400 within a 24-hour period. The IRS seized his entire account of $107,702.66, assuming his […]

Bank Robber Found Bank Had no Cash

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 Restricts the Movement of Gold, Cash, & Crypto-Currencies

  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

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 Outlaws Cash Transactions for Used Goods

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, […]

The War on Cash

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 […]

The Sharp Rise in Hoarding Cash = Deflationary Trend

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 […]

Europeans Hoarding Cash Increased 6.4% in 2014

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 […]