The War On Cash: A Threat Matrix

We get a real kick when a “new” topic wanders around the internet.  Sometimes memes (thought viruses) are little more than bad colds.  They keep getting passes around…

So as background before delving into this morning’s report, subscribers may wish to look at our rather comprehensive historical views of the present “attack on cash” outlined in some of these articles in the subscriber reference library:

12/20/2003   Cashless Society: The Banker’s “Way Out”? Just add zeroes and who cares about debt?   (Kill the power and you have instant revolution, too…)

9/27/2009:  Competing Uses of Cash:  OK, so government’s been corrupted by special interests and there may be a war across time going on.  Now what do we do with cash?

5/29/2011:  The Last Days of Cash – if the paradigm is going to survive, regulation of the net becomes key to defending coin or the realm...  

5/7/2014: Notes on the ongoing attack of personal cash.  And jitters about carriers are building in data sets

1/5/2015:  Cash and Equivalents – if the world hits the skids, do you have the necessities of life and comfort lined up and ready?

Although it has been in the works for a long time, there have been recent rumblings in large banks recently on this very point.  So, if you wake up some morning and discover that banks are no longer dealing in cash and checks, absent government action, don’t say you didn’t see it coming, since I’ve been ringing this bell for well over a dozen years.

The problem is the bell has gotten louder recently and time is here to start planning the options carefully.

After we roll through some headlines and our Trading Model’s latest outlook…oh, and my ain’t that a coincidental earthquake?…we’ll size up some risks.

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Comments

The War On Cash: A Threat Matrix — 3 Comments

  1. I KNOW GEORGE YOURE ONE OF THE BRIGHTEST ,,this isnt the blue lagoon/MASSIVE SHOCKING BREAKING NEWS/ /I TRUST EVERYONE ON THIS SITE IS MATURE ENOUGH TO HANDLE WHAT CINDY IS ABOUT TO REVEAL TO YOU /IT will deeply disturb you /Please protect your children from this( well this isnt any blue lagoon people) Maybe we can all rise together to arrest this problem / 14 MINUTES IN BUT if you dare watch it all the way through https://www.youtube.com/watch?v=LfxiW78NAHg NOW YOU HAVE A GLIMPSE OF WHAT YOU ARE UP AGAINST

  2. Nearing the time when we start taking disbursements from the 401’s and IRA’s my prime concerns are getting MY money back sans the screwing without so much as a kiss from the tax man. So it’s off to the professional for help in that area but the concern still lingers. Top it off with the fact you can’t throw a dead cat without hitting a news report about Hildebeast.

    Should have invested more in Alka Seltzer.

  3. I guess you missed the Louisiana law passed and signed in 2011 that made it illegal to buy or sell used “stuff” for cash unless you are a non-profit.

    The law defines you as a “secondhand dealer” if you transact in cash more than once in a month. Once you are a dealer, the law says “For every transaction a secondhand dealer must obtain the seller’s personal information such as their name, address, driver’s license number and the license plate number of the vehicle in which the goods were delivered. They must also make a detailed description of the item(s) purchased and submit this with the personal identification information of every transaction to the local policing authorities through electronic daily reports.”

    I’ve gotcher conservative state legislature and governor right here. Just don’t look at what they do, just listen to what they say.