I’m referencing an enlightening zerohedge article on the topic today: “‘There’s Chaos Everywhere’ – Indians Angry As ATMs Run Dry After Cash Ban”
This is Governments’ and Big Banks’ continued war on cash, India version. As powermongers and money-lusters continue the thrust to push people into their fee and surveillance-ridden systems, people are strangled in their ability to engage in commerce with one another outside of the purview and parasitism of third parties. Who benefits? The tired refrain from the statists is that getting rid of cash will reduce corruption(!) as large transfers will be documented. Sweet baby Jesus. The corruptions aren’t happening in the markets in India or the trade days in middle America or the garage sales or the used car purchase. Those corruptions happen at corporate and government levels, in the hundreds of thousands and millions of dollar denominations. And it doesn’t really matter if those are documented or not because the “Justice System” is beholden to the politicians and big donors. No. These are simply efforts to control, to tax, to extract electronic transaction fees, to drive money into the banks to attempt to make them solvent (which they can’t be in a fractional reserve system of artificial zero and negative interest rates). Wakey, wakey. Coming to a country near you,… yours to be specific.
Don’t ever listen to these clowns. As JUST ONE LITTLE EXAMPLE of how corruptions and Gov misadventure cost you more money than you could ever even count, your Gov sent cargo planes of $100 bills to Iraq, on the order of $12 BILLION (as a conservative figure),… and CANNOT ACCOUNT FOR IT. (For more of that sort of example, of which there must be thousands upon thousands of examples, check out James Risen’s book, Pay Any Price: Greed, Power and Endless War).
Please reference the Guardian article from a much earlier time in the ceaseless, misguided and failed Terror War: “How the US sent $12bn in cash to Iraq. And watched it vanish.”
https://www.theguardian.com/world/2007/feb/08/usa.iraq1
“… but what if people are buying things are not paying taxes?!” Shriek and horror. Holy God forbid that Gov parasites not suck the last bit of blood out of every little human interaction. I have a better idea. Get rid of sales tax altogether. Or even better. Get rid of your governments that can’t even keep themselves to a budget with record tax extractions from the public. (See an article from earlier today on the $220+ BILLION taken in by your Gov last month, and it STILL ran up an additional $40B in debt that your kids and grandkids will either repay or suffer the inflationary effects of when Gov just prints up the devalued currency to make the bond payments!)
http://www.cnsnews.com/news/article/terence-p-jeffrey/221692000000-federal-taxes-set-record-october-1459-worker-feds-still
“Today, there is utter chaos in the market, with only the spontaneously erupted black market available to bypass the ban — most people simply don’t have anything else but the banned currency bills. Some are booking train tickets for future rides and are subsequently canceling them — they can use the banned currency to buy the tickets and can then get legal currency back after ticket-cancellation charges. This is costing people a lot of time, but it is the only way they can stay afloat and buy food. Others are taking different measures, equally desperate.”
https://www.bullionstar.com/blogs/bullionstar/guest-post-jayant-bhandari-gold-price-skyrockets-in-india-after-currency-ban/
The Bubble Gets Bigger: How Money Works
http://www.equedia.com/how-money-works/?utm_campaign=shareaholic&utm_medium=facebook&utm_source=socialnetwork
From PBS, no less. When the mainstream is onto the risks, it’s far too late to alter course. Here, Harvard Business School professor explains what the most novice of the awake have understood for a long time. All of the governments’ (here and global) printing of money is destroying the currency, shifting wealth from savers to government and corporations and the uber wealthy, and promises to inflate a bubble of distorted values whose correction will be extremely painful in terms of lost investments, lost employment, lost savings, undeliverable gov promises, increased poverty, societal disruption,….
http://www.pbs.org/newshour/making-sense/column-the-monetary-bubble-to-end-all-bubbles-is-coming/?utm_source=facebook&utm_medium=pbsofficial&utm_campaign=newshour