The European Payments Council (EPC), a subdivision of the European Central Bank, is taking one giant step forward in their quest to eliminate all cash to increase taxes. They have gone ahead and set up the technical bases last week to enable the immediate payments system throughout Europe. One of the stumbling blocks has been the […]

We are entering a very dark phase in this battle to retain our liberty. A proposal now being whispered behind the curtain in Europe is to impose a tax on withdrawing your own money from an ATM. The banks support this measure as a whole because they see this as preventing bank runs. Nobody will […]

The hunt for money is intensifying with the aid of banks no less. India was the balloon. They simply canceled the current with no notice and imposed a 90% tax on anyone holding the high denomination notes. This is how the world governments operate. The first bail-in was done in Cyprus. We were even contacted […]

QUESTION: Mr Armstrong, thank you for all that you are doing. I was hoping to get your view on the Indian government banning large denomination bills. What do you think is the reason and why such a small window of time to get them turned in? PB ANSWER: Unfortunately, the theory is that cash prevents […]

COMMENT: Martin – I wanted to let you know that I stopped at a Jimmy John’s today and they wouldn’t allow me to use cash. They had no drawer or physical money on the premises. It was either chip card or no sandwich. They claimed it was their first store in the nation to go […]

The government has its pawns cheering the end of money. They are screaming that $1.4 trillion exists in cash and half of that is $100 bills. Justine Underhill writes that ending cash could be great for the economy. I think that is only great for government for this is all about getting more taxes. Kenneth Rogoff, the […]

Over the past 3 years, Vancouver has seized at its airport $18.7 million in undeclared cash of which 70% has been from Chinese. The hunt for money is really outrageous that it is all about taxes and our property rights have been lost. All governments are acting like common criminals robbing people of their property claiming […]

Tim Cook, the head of Apple, said that the company may send billions of dollars back to the US next year in 2017 in response to the EU Commission retroactively changing tax deals. Apple struck a deal with Ireland and agreed to locate there for taxes. Now the EU Commission is saying individual member states may not […]

We are monitoring confidence in the banking system as reflected by cash withdrawals. The sale of home safes has exploded in many countries. I previously reported that one in ten currency notes in Switzerland being printed is now the 1000 franc note. In fact, there is some 41.6 billion in Swiss francs now in circulation in 1000 […]

  The new SEC rule on money market funds takes effect October 17, 2016. There is never a crisis that simply passes. Such events always lead to more regulation even when those creating the rules are clueless about what they are regulating. The 2007-2009 crisis did more that wipe out Lehman Brothers and Bear Stearns than anything […]