And How To Survive It [33], On July 19, 2017, then-Attorney General Jeff Sessions issued an order greatly expanding Federal-State-Local cooperation in forfeiting assets. But in the past, there have been larger denominations that have already been taken out of circulation: $500, $1,000, $5,000, $10,000 and even a $100,000 bill (which was discontinued in 1940): We dive into why the elite want cash gone, what technologies are replacing it and how you can protect yourself in this global financial war. Cash and its transactions can be hidden and kept private; despite your bank being required to spy on you and report to the IRS any "unusual" financial activity. Modi called this “demonetisation” because it involved losing the traditional money of India that people could have saved for generations. This political power to extend or deny you credit is literally the power of life or death; because in a “cashless” society the only thing you have is credit. [56] Mark Calvey, “Big Banks Ban Cash Deposits Into Others’ Accounts,” Bizwomen, November 28, 2017. "You are a casualty of the 'war against cash' if you have a bank account – and probably do not even know it," according to author and Swiss America Chairman Craig R. Smith. *A law enforcement officer pulled over 81-year-old Nevada resident James Huff over a minor traffic violation. [72] A CareerBuilder survey found that 78 percent of American workers - nearly 4 out of 5 - are currently living paycheck to paycheck. Continue To Site >> iSpot.tv Logo. The real reason for this war on cash--start with the big bills and then work your way down--is an ugly power grab by Big Government. “I did not serve three combat tours in Iraq only to come home and be extorted” by my government, Clyde told a congressional hearing in February 2015. He is a frequent guest with Neil Cavuto on Fox Business and Fox News, and on other business media. Your Social Security number is now your ear tag in this herd of sheep. To receive your THE SECRET WAR Audio CD (or mp3) and SPECIAL REPORT now, Call 800-289-2646 or register here. The IRS then offered to return half his money if he signed an agreement to let them keep the other half. [58], Sweden had been enthusiastic about becoming the world's first entirely "cashless" society. Store security guards admitted only customers who could pay in cash. [25] Doug McKelway, “Has Asset Forfeiture Gone Too Far? How they got there is complicated, and the network that facilitated their flight was so shrouded in secrecy that bits and pieces are still being uncovered by historians like Gisela Heidenreich. Withdrawals and deposits in cash – and especially in $100 bills – will arouse more suspicion than doing your banking by check, credit card or electronic transfer. Governments have always had a love-hate relationship with cash because cash is anonymous money which may represent untaxed earnings. Please consider disabling your ad blocker on this site to ensure the best user experience. [45] “Why Central Banks HATE Cash and Will Begin to Tax It Shortly,” Zerohedge, May 18, 2015. Pages 101-129, “The Age of ‘Modern Money’.” See also Mark Jeftovic, “The Disturbing Rise of Modern Monetary Theory (MMT),” ZeroHedge, January 21, 2019; Karl Smith, “The Uses and Abuses of Modern Monetary Theory,” National Review, January 11, 2019; Bob Murphy, “Bob Murphy Exposes the Upside-Down World of MMT,” ZeroHedge, January 25, 2019; Josh Barro, “Modern Monetary Theory Doesn’t Make Single-Payer Health Care Any Easier,” Intelligencer, January 9, 2019; Michael Strain, “’Modern Monetary Theory’ Is A Joke That’s Not Funny,” Bloomberg, January 19, 2019; Eliza Reiman, “Alexandria Ocasio-Cortez Says the Theory that Deficit Spending Is Good for the Economy Should ‘Absolutely’ Be Part of the Conversation,” Business Insider, January 7, 2019; Ben Hunt, “Modern Monetary Theory (Or, How I Learned to Stop Worrying & Love The National Debt),” ZeroHedge, January 18, 2019. More than one in five of us now have more high-interest credit-card debt than savings. The officers seized and kept $91,800 that Parhamnovich had saved to buy a music studio. URL: http://www.acting-man.com/?p=47768; Tyler Durden, “India Uses Helicopters, Air Force Planes To Deliver Freshly Printed Cash,” ZeroHedge, November 21, 2016. Ciaramella, “Justice Department Rolls Out New Policy to Seize More Money Under Asset Forfeiture,” Reason Magazine, July 19, 2017; Deborah Connor, “Policy Directive 17-1,” Washington, D.C.: U.S. Department of Justice. The government, however, is totally addicted to borrowing at zero interest and lacks the revenue to cover its huge debts if interest rates rise. URL:http://www.zerohedge.com/print/577732; Jayant Bhandari, “Gold Price Skyrockets in India after Currency Ban,” Acting-Man.com, November 9, 2016. Those who do best will receive “green channel” benefits from the state. For the answers to these important questions Swiss America will send you these two FREE Reports, The Secret War on Cash and America At The Crossroads... FREE now by calling 800-289-2646, or registering here. URL: http://www.nytimes.com/2015/06/06/upshot/when-its-a-crime-to-withdraw-money-from-your-bank.html; Conor Friedersdorf, “Why Is It a Crime to Evade Government Scrutiny?” The Atlantic, June 2, 2015. People are worried about the War on Cash. The War on Cash is really about control. [26] Damon Root, “Clarence Thomas Attacks Civil Asset Forfeiture, Lower Court Follows His Lead,” Reason Magazine, June 21, 2017; Edgar Walters and Jolie McCullough, “Texas Police Made More Than $50 Million in 2017 from Seizing People’s Property. Banks, for the moment, still tolerate relatively small amounts of cash transactions; but they would prefer to move solely to "cashlessness" – in which more and more of what we need is not earned or saved, but borrowed on credit for high interest. Page 11. The dollars you save will have at least 20 percent less purchasing power each decade, and over a 40-year working lifetime will lose roughly 80 percent of their value. Gold needs nothing else to give it value, but paper money needs backing – usually from a government that makes it “legal tender” and, by printing excessive amounts, can shrink or destroy this fiat currency’s uncertain worth. Note: The authors deal with the activities of Swedish businessmen, representing "neutral" [51]. “Six months later, the Apache County Attorney’s Office published a generic notice in a local paper that the office intended to forfeit ‘$8,400 in currency.’”, “The notice gave no specifics, so Huff and his lawyers did not know that the notice was for his money. Man stelle sich vor: Der Leiter des Zentralbereichs Bargeld bei der Bundesbank konstatiert ganz ungeniert einen Krieg der internationalen Finanzbranche gegen das Bargeld. Leftist Venezuela purged its largest-denomination 100-Bolivar bill, inflation-shriveled to a value of less than the cost of printing it. For years the accounts were the basis of … Clearly, this is a serious threat to our wealth and personal privacy. Governments, banks and economists want to eliminate cash altogether, citing concerns over illicit activities. The officer seized $8,400 in cash, then “immediately presented Mr. Huff with a ‘Disclaimer of Ownership’ form, attempting to convince the octogenarian to sign away all legal interest in his money right there on the side of the road.”, “Huff refused, intending to challenge the seizure,” writes Jason Snead of the Foundation’s Daily Signal. All over the world, including in the United States of America, governments, certain academics, banks and non-governmental organizations (nonprofits) are working in a coordinated way to stop you from using cash. The use of cash is common by criminals ? Cash makes it easy for criminals to thrive in an economic underworld of untraceable illicit transactions. Yet, almost no one takes the War on Cash seriously. Hayek wanted us to have the right to use whatever currency, cash or money we wish – to end the dollar monopoly and make these denationalized moneys compete. [75]. Eventually those caught carrying more than a pittance in cash might be subject to its forfeiture...or even to imprisonment for committing “CashCrime.”, Cash can be killed or made impractical in other ways, too. Government, above all, has been pushing for the fast-arriving cashless society. The bombings were part of the U.S. Secret [38] Barnini Chakraborty, “Despite Promises to Cut Back, Fed and State Governments Press Asset Forfeitures,” Fox News, January 30, 2018. This will allow the government to track and tax our money at will. Get a FREE copy of THE SECRET WAR today by calling 800-289-2646 or register here. The U.S. Supreme Court refused to consider her case, Leonard v. Texas, but Justice Clarence Thomas wrote of it: “This system – where police can seize property with limited judicial oversight and retain it for their own use – has led to egregious and well-chronicled abuses.” Because “the law enforcement entity responsible for seizing the property often keeps it, these entities have strong incentives to pursue forfeiture.” [26], A national study reported by Fox News columnist Barnini Chakraborty “found 60 percent of the 1400 municipal and county agencies surveyed across the country relied on forfeiture profits as a ‘necessary’ part of their budget.” [27], Civil asset forfeiture is a “‘gold mine’ that lets the government take ‘little goodies,’” is how former New Mexico city attorney Pete Connelly described the process to USA Today. All information is kept strictly confidential and is never sold or exchanged with any other entity. It can destroy the ability of targeted companies and even whole industries to sell to customers. *Californian Tan Nguyen was pulled over for going 78 mph in a 75 mph zone by a deputy who, according to his dashcam video and audio, reportedly asked Nguyen, “How much money you got?”. Our nation has not one coin of the realm but two. Because doing so might unravel today’s economic grand illusion and bring the whole system down, according to THE SECRET WAR, a White Paper by Craig R. Smith and Lowell Ponte. India had been the opposite of a “cashless” society. Aalders, Gerard and Cees Wiebes. A world war is now underway on many battlefields. URL: https://www.richmondfed.org/~/media/richmondfedorg/publications/research/working_papers/2000/pdf/wp00-3.pdf; see also Declan McCullagh, “Cash and the ‘Carry Tax’,” Wired Magazine, October 27, 1999. [17], In a cashless world your transactions would be an open book, and government can track you or even turn off your ability to buy and sell via your computer, cell phone or credit card links....like the Bible's Book of Revelation (13:17) describing only those with “the mark of the Beast” being able to buy or sell. A Swiss America White Paper. Gox in Japan, whose 24,000 customers in 2014 were defrauded of $460 Million; to NiceHash, looted by hackers of $75 Million in 2017; to Coincheck, hacked and robbed of at least $534 Million in 2018. You can try to get it back but you’re not…. Nobel Laureate Joseph Stiglitz wants to bury all U.S. currency, from the $100 to the $1 bill. With this freedom comes strong privacy protection….” concluded a study by the Fletcher School at Tufts University. Pages 83-95. Phoenix: Idea Factory Press, 2014. Fall through the looking glass with Alice in Wonderland, many neo-Keynesians now promise, and somehow these even-steeper negative interest rates will cause amazing new economic stimulus. Credit cards are casino chips that trick us into more spending and debt. Early 2017, for example, saw 902 ICOs, 418 of which quickly failed, suggesting that many were outright scams. By the time a cryptocurrency demonstrates any market success, it is probably no longer a bargain…and in any event will be risky and volatile. In early 2018, liberal Democrat and New York State Comptroller Thomas J. DiNapoli, who controls where the state invests its $209.1 Billion pension fund, sent out a letter. [24] Melissa Quinn, “The IRS Seized $107,000 From This North Carolina Man’s Bank,” Daily Signal (Heritage Foundation), May 11, 2015. “Banks have minimum SAR quotas that they need to submit to the government: if they don’t file enough, they can be fined and their executives and directors can be jailed for non-compliance. By 2018, however, the Swedes became frightened at the power this gives government – not only their own, but Russia's should it launch an invasion by hacking, scrambling, or shutting off Sweden's computer networks as it did Ukraine's, leaving Swedes helpless, without access to either cash or credit. This income – from drugs, prostitution, private gambling, home repairs, and a thousand other things paid in cash – could, Feige and Cebula estimate, have harvested half a trillion dollars in tax revenue for the government. URL: https://www.washingtonpost.com/news/wonk/wp/2016/04/25/how-oklahoma-cops-took-53000-from-a-burmese-christian-band-a-church-in-omaha-and-an-orphanage-in-thailand/?utm_term=.09e960da0384.
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