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The Globalists Strike Back With A Major Push Toward A Cashless Society

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The Beast System - Public DomainTheir agenda may be on the rocks in the United States at the moment, but that doesn’t mean that the globalists are giving up.  In fact, a major push toward a cashless society is being made in the European Union right now.  Last May we learned that the 500 euro note is being completely eliminated, and just a few weeks ago the European Commission released a new “Action Plan” which instructs member states to explore “potential upper limits to cash payments”.  In the name of “fighting terrorism”, this “Action Plan” discusses the benefits of “prohibitions for cash payments above a specific threshold” and it says that those prohibitions should include “virtual currencies (such as BitCoin) and prepaid instruments (such as pre-paid credit cards) when they are used anonymously.”

This new document does not mention what an appropriate threshold would be for member states, but we do know that Spain already bans certain cash transactions above 2,500 euros, and Italy and France already ban cash transactions above 1,000 euros.

This is a perfect way to transition to a cashless society without creating too much of an uproar.  By setting a maximum legal level for cash transactions and slowly lowering it, in effect you can slowly but surely phase cash out without people understanding what is happening.

And there are many places in Europe where it is very difficult to even use cash at this point.  In Sweden, many banks no longer take or give out cash, and approximately 95 percent of all retail transactions are entirely cashless.  So even though Sweden has not officially banned cash, using cash is no longer practical in most situations.  In fact, many tourists are shocked to find out that they cannot even pay bus fare with cash.

So most of Europe is already moving in this direction, and now this new Action Plan is intended to accelerate the transition toward a cashless society.  The public is being told that these measures are being taken to fight money laundering and terrorism, but of course that is only a small part of the truth.  The following comes from the Anti-Media

The European Action Plan doesn’t mention a specific dollar amount for restrictions, but as expected, their reasoning for the move is to thwart money laundering and the financing of terrorism. Border checks between countries have already been bolstered to help implement these new standards on hard assets. Although these end goals are plausible, there are other clear motivations for governments to target paper money that aren’t as noble.

In a truly cashless society, governments would be able to track where everybody is and what everybody is doing all the time.  And in order to have access to the cashless system, people would have to comply with whatever requirements governments wanted to impose on their helpless populations.  The potential for tyranny that this would create would be off the charts, but very few people seem greatly alarmed by the move toward a cashless system all over the globe.

Even in the United States there are calls for a cashless system.  For example, the former chief economist for the IMF wrote an article for the Wall Street Journal not too long ago in which he recommended the elimination of the $100 bill

“There is little debate among law-enforcement agencies that paper currency, especially large notes such as the U.S. $100 bill, facilitates crime: racketeering, extortion, money laundering, drug and human trafficking, the corruption of public officials, not to mention terrorism. There are substitutes for cash—cryptocurrencies, uncut diamonds, gold coins, prepaid cards—but for many kinds of criminal transactions, cash is still king. It delivers absolute anonymity, portability, liquidity and near-universal acceptance.”

Over in Asia restrictions are being put on cash as well.  Legendary investor Jim Rogers commented on what is currently happening in India during one recent podcast

The time will come when you won’t be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds.

“Governments are always looking out for themselves first, and it’s the same old thing that has been going on for hundreds of years. The Indians recently did the same thing. They withdrew 86 percent of the currency in circulation, and they have now made it illegal to spend more than, I think it’s about $4,000 in any cash transaction. In France you cannot use more than, I think it’s a €1,000,” said Rogers in an interview with MacroVoices Podcast.

The reason why this is taking place all over the planet is because this is a global agenda.

The globalists ultimately plan to completely eliminate cash, and this will give them an unprecedented level of control over humanity.

One thing that many fear may someday be implemented is some form of microchip identification system.  In order to access the cashless grid, you would need your “ID chip” so that the system could positively identify you, but of course there are millions of people around the world that do not intend to get chipped under any circumstances.

In the old days, you would be labeled a “conspiracy theorist” just for suggesting that they may try to chip all of us one day, but in 2017 things have completely changed.

Just look at what is happening in Nevada.  A bill has been introduced in the state senate that would outlaw the “forced microchipping of people”

State Sen. Becky Harris said a bill to prohibit forced microchipping of people is not as far-fetched as it might seem, because it happens in some places around the world.

Senate Bill 109 would make it a Class C felony to require someone to be implanted with a radio frequency identifier, such as microchips placed in pets.

The idea for the bill came from a constituent, the Las Vegas Republican said.

If that sounds very strange to you, then you may not know that companies all around the globe are already starting to explore this type of technology.  For instance, a company in Belgium called NewFusion has actually begun to microchip their employees

In a move that could be lifted straight from science fiction, workers at a Belgian marketing firm are being offered the chance to have microchips implanted in their bodies.

The chips contain personal information and provide access to the company’s IT systems and headquarters, replacing existing ID cards.

The controversial devices raise questions about personal security and safety, including whether they may allow the movements of people with implants to be tracked.

Technology like this often starts off being “voluntary”, but then after enough people willingly accept it the transition to “mandatory” is not too difficult.

We live at one of the most critical moments in all of human history, and the globalists are certainly not going to lay down and die just because Donald Trump won the election.

The U.S. represents less than five percent of the population of the planet, and in most of the world the agenda of the globalists is on track and is rapidly advancing.

The globalists want a unified one world economy, a unified one world religion and a unified one world government.  The election of Donald Trump was a blow to the globalists, but it has also made them more dangerous, more ruthless and more determined than ever before.

And in case you think that using the term “globalists” is a bit strange, the truth is that even the New York Times is using it to describe the global elite and their global agenda.

We are in a life or death battle for the future of our society, and the globalists are never going to give up until they get what they want.  So now is not a time for complacency, because the very future of our country is at stake.

 
  • robert

    I can see it now, panhandlers with card swiping devices. Tipping the bellhop and others that “depend” on cash payments. Lots of people would get seriously screwed in a cashless economy. And all the cash buried in backyards or stuffed in the proverbial mattress. Even now if you want to deposit 10,000 in your bank it triggers paperwork for the government. Even now your cash can be seized by law enforcement for no reason. It is simply more government control over your life in the name of “security”.

    • socalbeachdude

      How would anyone be hurt at all in a cashless economy?

      Government certainly cannot seize any cash in the USA without a valid reason.

      • ALWAYSTOMORROW

        I have cash in my wallet that stays there for months on end and never gets use.

        Transactions are much easier and quicker to complete in any form other than cash.

        People worry about being controlled when they already are. If you think you are not controlled, don’t go to work for the next month and don’t file your taxes.

        • guest

          WHY are you so accepting of being controlled? Do you wish to be more of a slave than you already are?

          • socalbeachdude

            How are you or anybody else in any way being “controlled” by anybody?

          • guest

            Really?

            1. TAXES – no way to get around this immutable fact in the USA.
            2. Eminent Domain – government entity wants your land, they seize it for Fair Market Value (pennies on the dollar!).
            3. Rules and Regulations – too numerous to list here. See OSHA and the EPA to start..
            4. Laws – too numerous to list here. See local, state and federal codes for thousands of laws on the book that dictate what each of us can and can’t do on a daily basis.
            5. Predictive programming for the dumbed down masses through various media including but not limited to your TV’s, radios, cell phones, etc.
            6. Main Stream Media Propaganda Purveyors – ABC, CBS, NBC, CNN, MSN, MSNBC and others pushing the same narrative to mold and shape the opinions of the dumbed down sheeple who don’t know how to think for themselves. They would make Goebbels proud…

            These are just a start on how all of us are being manipulated and controlled through various means. Have a feeling this will be lost on you and discourse is futile. So, I won’t waste my breath further, I have my eyes open and you are either a paid shill for Soros & Company OR you are someone who is still asleep.

          • socalbeachdude

            Those are just necessary laws in any and every society. Helllllllllllllooooooo?

          • ALWAYSTOMORROW

            I may be wrong for assuming but I’ll bet I am less of a slave than most.

          • guest

            There is a concept known as DISCERNMENT, you might want to check it out…

          • socalbeachdude

            Huh? What does that have to do with using an archaic method such as cash when you can do all transactions with Cash Dividend credit cards and have proper accounting records?

        • Jerry C

          Good slave.

      • Mike Smithy

        The banksters pushed for the passage of the Dodd-Frank Act for a reason. If the sheep have no option than to keep their currency in digitized form tied to a bank account, they will be toast in the likely event of widespread bank defaults down the road. The sheep have now been relegated to the status of an unsecured creditor.

        • socalbeachdude

          US currency in the form of Federal Reserve Notes will always be with us for those who want to hold some funds in it. It is neither reasonable nor practical to hold significant funds in paper US dollars for anyone.

          The only reason the bankers pushed for the confusing 2,000+ page Dodd-Frank Act is that it favored the big banks at the expense of small banks and dodged the issue of re-implementing the very simple and straightforward 34 page Glass-Steagall Act. It isn’t just the Dodd-Frank Act that needs to be repealed but also the Gramm Leach Bliley “Financial Services Modernization Act of 1999” that needs to be repealed in its entirety.

          The reinstatement of the very simple and straightforward 34 page Glass-Steagall Act would totally solve any of those issues as to the banks and would break the financial institutions up as they were prior to its repeal into:

          1) commercial retail banks

          2) investment banks and brokerages

          3) all other financial concerns including insurance companies.

          • [ “US currency in the form of Federal Reserve Notes” ]

            Federal Reserve notes and U.S. coin are the only “forms” that U.S. currency takes.

            Section 31 U.S.C. 5103: United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

            That’s it, that’s all the U.S. money there is as designated by U.S. law.

          • socalbeachdude

            False, and the value of all coins is so INSIGNIFICANT as to not even factor into the aggregate numbers except as a little speck of dust. ELECTRONIC DOLLARS are the exact equivalent of printed paper US dollars and there is no distinction whatsoever between the two.

          • You keep using terms that have no correlation to reality except in your own head, but I’ll give you a shot:

            Prove that “Electronic Dollars” exist and that they are a designated U.S. currency.

          • socalbeachdude

            Your total lack of comprehension as to money and banking is just mind boggling.

          • I’m not the one lacking in comprehension here. You don’t understand the monetary system or banking. You use terms and phrases disconnected from their meaning, you don’t know how to correlate facts and information in any coherent and logical manner. You just repeat what you’ve been told.

            I asked you a simple, straightforward question: “Prove that “Electronic Dollars” exist and that they are a designated U.S. currency.”

            While you’re at it, provide the specific section in law that grants to the Fed and the banking system the authority to create US currency in the form of bank managed bookkeeping entries.

          • socalbeachdude

            You are the one who uses terms not only IMPRECISELY but in a DEAD WRONG INTERPRETATION of words as to monetary definitions. A perfect example is your totally off the wall definition of M2 despite me giving you the precise definition of M2.

            The Federal Reserve Act is highly specific in establishing the Federal Reserve System as the sole source of money creation and management as the central bank in the US and I would suggest you read and attempt to comprehend all 31 sections of the Federal Reserve Act at:

            https://www.federalreserve.gov/aboutthefed/fract.htm

            There is no distinction whatsoever between paper dollars and printed dollars in the Federal Reserve Act.

          • Seriously, you need to stop up voting yourself, it makes you look like you’re desperate for approval.

            You gave me the Fed’s definition, which does not conform to the legal definition of money. I’ll take the law’s definition over the Fed counting bank debt as money, every time.

            You’ve never actually read the Federal Reserve Act because if you had, you wouldn’t make such outlandishly false claims as you have. There is NOWHERE in the FRA that grants money making authority to the Federal Reserve. That is a sovereign right exclusively retained by the U.S.G.

            There is no distinction whatsoever between paper dollars and printed dollars in the Federal Reserve Act.

            That’s just a nonsensical statement.

          • socalbeachdude

            What is nonsensical is your total lack of comprehension as to accounting terms and the meaning and specific usage of those terms.

            Customer deposits at banks are NOT DEBT at all. Where do you come up with such a nonsensical notion? They are CUSTODIAL ASSETS HELD BY BANKS that are accounted for in full-fledged General Ledger Accounting on the books of banks as liabilities of the bank. All General Ledger accounting is DOUBLY ENTRY ACCOUNTING that fully balances and those funds are initially entered onto both the ASSETS and LIABILITIES accounts of the banks on the GL. The liabilities amount changes only based on net withdrawals. The assets side changes from cash to other investments as the banks lend money or purchase securities, for example.

            The generally agreed definition of M2 is exactly as follows:

            M2 is a measure of the money supply that includes all elements of M1 as well as “near money.” M1 includes cash and checking deposits, while near money refers to savings deposits, money market securities, mutual funds and other time deposits.

            http://www.investopedia.com/terms/m/m2.asp

            I have read and am very familiar with all 31 sections of the Federal Reserve Act – but obviously you are not based on your totally erroneous assertions – and I would suggest you read and attempt to comprehend that Act at:

            https://www.federalreserve.gov/aboutthefed/fract.htm

          • It’s amazing how you manage to deny what I’ve said while confirming it at the same time.

            You are so FOS. Credited deposit accounts are not “CUSTODIAL ASSETS HELD BY BANKS”, that’s just stupid talk. Try googling a term before you use it.

            Of course credited deposit accounts are liabilities of the banks because they owe their depositors legal tender money. A bookkeeping entry denoting the bank’s debt obligation to its deposit account holders, is not money.

            M2 primarily counts bank debt as money.

            I have read and am very familiar with all 31 sections of the Federal Reserve Act

            I firmly think you’re lying, but I’ll give you a shot: Give the specific section and paragraph that grants to the Federal Reserve money creation powers.

          • socalbeachdude

            I correct the above to properly read CUSTOMER DEPOSIT ASSETS held by banks which is exactly correct as to what customer deposits are at banks. At all times the bank customer owns the CUSTOMER DEPOSIT ASSET and the fact that it is a liability on the General Ledger of a bank does not in any way make that liability a “debt” at all.

            The very purpose of all accounting General Ledgers is to account for monetary transactions and monetary values of 1) assets, 2) liability, 3) income, 4) expenses, and 5) capital / equity in any company and every GL uses double entry accounting to properly debit and credit 2 accounts within the 5 categories of the GL to account for every transaction on its books.

            M2 does not count any “bank debt” at all but rather ACTUAL FUNDS IN THE VARIOUS FORMS OF MONEY as defined by the M2 definition.

            The Federal Reserve Act is very clearly divided into 31 section and the money creation section is:

            Section 16. Note Issues

            https://www.federalreserve.gov/aboutthefed/section16.htm

            I would suggest you learn about and comprehend both General Ledger Accounting and the Federal Reserve Act and learn to properly use the specific monetary and accounting terms as they are defined within the financial realm which will avoid your perpetual state of apparent confusion.

        • Priszilla

          You can use anything as currency as long as it’s easily carried. My uncle traded cigarettes for sugar when he was a POW On holiday in Romania we paid pepper and chocolate. . With sugar tax rising you could trade candy drops.

          • socalbeachdude

            And why would anyone want to do that?

            Just use your Chase Freedom card.

          • Priszilla

            What?

          • socalbeachdude

            Don’t you even know you can get 1% to 5% cash back when you use cash rewards credit cards? Really? Seriously?

          • Priszilla

            That’s probably just US. Elsewhere cash payment gets a 3-4 % discount, or credit card costs 3-4% more.

          • socalbeachdude

            Not true. Credit cards are accepted in nearly every country in the world for the exact asking price of any product or service with no charges or discounts for using alternative methods of payment such as cash. The only issue with any additional charges would be CURRENCY EXCHANGE COSTS added by your bank if you are buying something in Euros and your account is denominated in dollars.

          • Priszilla

            You should get out more.

      • Priszilla

        I’m reading 1984. Very interesting description of our current world.

        • socalbeachdude

          That was about 40 years ago

        • Jerry C

          For a second, I thought you said…”I’m reading 2017.”

  • socalbeachdude

    Most people in the US wouldn’t even considering using cash for small transactions let alone large transactions and that is a key reason in the US why there are only about $1.3 trillion in actual printed US dollars in the money supply which is now around $13.5 trillion in the M2 number which includes cash, checking, and savings accounts. Personally, I haven’t even spent a single $1 bill for more than 2 years and always pay with Cash Dividend credit cards for all purchases and bills.

    • Mike Smithy

      I am a big believer in supporting the arts. When I go to the Nudie Bar, it’s not as much fun and way too awkward to tip the dancing girls in their G-strings with a Cash Dividend credit card.

      • socalbeachdude

        I’d suggest you considering using silver or gold coins next time you get the urge to support the arts…

      • aldownunder

        Just bend over and swipe

        • Mike Smithy

          Too funny.

        • Jerry C

          Where do I put it? Um, after second thought for clarification, my reply would be directed at the female entertainer, not at aldownunder!

      • SnodtBlossom

        We’re sure you pay for sex too

        • James Staten

          Snottly, an ancient book has foretold that the day is coming when a man will arise that wants to bar-code you, just like your stewed tomatoes that you purchase at the store. Scanned before you can do anything, but those who receive this “Mark” are damned for eternity. This system could be implemented today. The push for a Cashless Society. There were several articles yesterday about this trend. Revelation13:16-17
          https://www.biblegateway.com/passage/?search=Revelation+13%3A16-17&version=KJV

          • SnodtBlossom

            you can only imagine how worried i am about that

          • James Staten

            Connecting the dots, I see is not your strong suit.

          • SnodtBlossom

            I’ve gotten past grade-school play books.. too bad you haven’t

          • GSOB

            James 5:19

          • GSOB

            James 5:20

          • SnodtBlossom

            there is no god

          • Kissmagrits

            Psalm 14:1 The fool says in his heart, “There is no God.”

          • GSOB

            Psalm 34:8

          • SnodtBlossom

            take your psalms and..

          • GSOB

            Man’s chief end is to glorify God and enjoy Him forever.

          • Kissmagrits

            Why? it’s fun beating a dead horse.

          • there is not going to be any barcode and scripture does not suggest that

          • GSOB

            Fulfilled

        • Mike Smithy

          Really? Just exactly who are you referring to when you say “We’re”. Are you finally confessing that you are a member of the George Sorros Troll Brigade. Is he still paying you a penny per post?

          • SnodtBlossom

            everyone in the universe who is sure you pay for sex

          • john folger

            better then being paid for it.

          • SnodtBlossom

            both sides are properly arrested
            Hopefully law enforcement will give us a break from Mike

          • LIZ THE SHIZ

            what are you charging for it these days?

          • SnodtBlossom

            though you are another desperate sleazebay like Mike, I just can’t be bought.

        • LIZ THE SHIZ

          and you charge for it

          • SnodtBlossom

            I most certainly do not. I am currently celibate after chatting with the likes of you

          • LIZ THE SHIZ

            I’m glad I can be of some help

          • SnodtBlossom

            Zurück nach deutschland

      • LIZ THE SHIZ

        can you just imagine where the bar code reader is ?

        • SnodtBlossom

          Können sie jemals aufhören zu plappern wie ein Idiot

          • LIZ THE SHIZ

            BABELFISH STICKS

    • The total U.S. money supply is about $1.5-Trillion legal tender dollars in circulation around the globe, with about $280-Billion of that in circulation withing the U.S., and with about $76-Billion of that held in bank vaults. The Fed divides that $76-Billion as $66-Billion required reserves and $10-Billion excess reserves. The $66-Billion required reserves maintains an average 3% reserve ratio for the banking system.

      Anyway, that $76-Billion in bank vaults backs the $1.9-Trillion in credited demand deposit accounts. It also backs the $9.3-Trillion in credited savings deposit accounts. It also backs all commercial credit transactions.

      And that, is the reality of “Fractional Reserve Banking”.

      • socalbeachdude

        Where do you come up with such utter false and delusional nonsense?

        The M2 money supply in the US consisting of cash in paper dollars, checking deposits, and savings deposits is around $13.282 trillion.

        The latest M2 Money Stock report from the St. Louis Federal Reserve is at :

        https://fred.stlouisfed.org/series/M2/

        There is no such thing as “fractional reserve banking” and all that relates to is RESERVE REQUIREMENTS which are about 10% of customer deposits at US banks which means that no bank in the US may lend out more than around 90% of its customer deposits and must reserve about 10% to meet anticipated withdrawal requirements.

        In actual fact, US banks now have reserves of around 33% of deposits as they have loans outstanding to borrowers of only around 67% of customer deposits which is a record low due to very low demand for borrowing for qualified potential borrowers.

        Moreover, US banks now have more than $1.3 trillion in their primary reserves accounts inside the Federal Reserve and more than $2.5 trillion in their EXCESS RESERVES accounts inside the Federal Reserve as a result of the 3 Federal Reserve QE operations which purchased existing securities owned by the banks in exchange for cash deposited into their primary and excess reserves accounts inside the Federal Reserve.

        • M2 primarily counts bank debt and asset values as money.

          And it’s funny that you deny ‘fractional reserve banking’ while telling me the percentage of reserves banks hold. And it’s not 10%, the current average is 3%. And and you’re repeating a debunked myth banks do not loan from deposits, there’s nothing in them to loan. The create credit as loans in the form of deposits, based upon the collateral tendered and Capital assets held.

          • socalbeachdude

            M2 does no such thing as all as you falsely assert. I would suggest you learn what M2 comprises.

            M2 is a measure of the money supply that
            includes all elements of M1 as well as “near money.” M1 includes cash
            and checking deposits, while near money refers to savings deposits,
            money market securities, mutual funds and other time deposits.

            http://www.investopedia.com/terms/m/m2.asp

            All customer deposits at banks in the US are subject to RESERVE REQUIREMENTS as established by the Federal Reserve. That does not translate at all into your nutty notions of “fractional reserve banking” which totally distort the very purposes of key reserve requirements.

            The current reserve requirements are not 3% but rather 10% for most all banks in the United States and these reserves are held in the PRIMARY RESERVES ACCOUNTS of those banks inside the Federal Reserve. The current Federal Reserve requirements for banks reserves are at:

            Federal Reserve Reserve Requirements

            http://www.federalreserve.gov/monetarypolicy/reservereq.htm

            Your nonsense regarding “fractional lending” is totally bogus and simply does not exist in reality at all. NO MAJOR US BANK MAY EVER LEND OUT MORE THAN 90% OF ITS CUSTOMER DEPOSITS DUE TO RESERVE REQUIREMENTS which are now 10%.

            The excess reserves held by the banks of QE funds are merely EXCESS RESERVES in the Federal Reserve accounts of those banks that earn IOER which is now 0.50% and are SITTING PARKED IN THOSE ACCOUNTS with around $2.6 trillion in those excess reserves accounts inside the Federal Reserve is as clearly confirmed by the H.6 report.

            Money Stock Measures – H.6

            http://www.federalreserve.gov/releases/h6/

            US banks have never in the history of US banking been SO VASTLY OVER RESERVED as they are now with around 33% in total cash reserves inside the Federal Reserve against customer deposits in their primary and excess reserves accounts which total around $3.6 trillion.

  • socalbeachdude

    YELLEN READY TO RAISE THE ONLY 3 (AND TOTALLY INSIGNIFICANT) FEDERAL RESERVE INTEREST RATES….

    http://www.cnbc.com/2017/02/14/fed-chair-janet-yellen-unwise-to-wait-too-long-to-hike-interest-rates.html

    • Wizard of Aus

      Chas, are you sitting on the crapper with your laptop again?

      • socalbeachdude

        Huh? Alan Greenspun is the one who did that!

        Hard to believe his wife Andrea Mitchell put up with that for so many years!

        • LIZ THE SHIZ

          remember when George Costanza did that with a book in a book store , the book was FLAGGED

          • socalbeachdude

            What book was that?

          • LIZ THE SHIZ

            it was a coffee table book about art ART VANDELAY

    • What isn’t insignificant is the totally Pavlovian response by the Wall Street rentiers to the Fed’s artificial interest rate manipulations.

  • socalbeachdude

    Why does economic growth keep slowing? – St. Louis Fed

    https://www.stlouisfed.org/on-the-economy/2017/february/why-economic-growth-slowing-down?

  • aldownunder

    The old frog in the pot syndrome

  • socalbeachdude

    US dollars used to be printed for general circulation in $500 and $1000 denominations back in the day but that was entirely ended in 1969 which was 48 years ago and those denominations haven’t been printed since 1945 in the US which was 72 years ago.

    • seekless

      They still are in Canada large shiny pink bills.

      • socalbeachdude

        Those are CANADIAN DOLLARS which are a totally separate and distinct currency from US dollars and no US dollars higher in denomination than the $100 bill have been in circulation anywhere since they were withdrawn in 1969.

    • none

      Thank God , Michael did not waste our time with.
      Social Security numbers, will only be used for payments .
      Never for tracking people.

  • Priszilla

    Can create your own currency as long as someone accepts it. In Germany some towns have their own coins that are accepted by local businesses. Britain is phasing out their old pound coins this year. And issuing new pound coins. If you collect those old coins with a few millions you have left over somewhere you got a new currency.

    • socalbeachdude

      Coins have had no utility as a currency for many decades.

  • Priszilla

    Except rent, utilities, online and car rental I pay everything in cash. Always have cashyat home for emergency when the ATM is not working or the bank has a computer problem and cards and online payments don’t work. In addition to a few cans of fish, soup, veggies. And a few kilos of rice. And a freezer full of cookrd lunch and bread.
    Cash in coins and paper. Coins in different sizes and sacks.

    • socalbeachdude

      Why would you do that when you can earn 1% to 5% cash back with Cash Rewards credit cards and have a full and proper record of all of your transactions for accounting purposes?

      • Priszilla

        I don’t need a record of all my transactions and neither does anyone else.

        • socalbeachdude

          It is very sloppy to not keep full and precise General Ledger accounting records for all of your transactions and not doing so means you aren’t managing your money and assets and liabilities at all properly.

          • Priszilla

            And you write down everything to the last cent? And it’s not online where it can crash or being hacked any time ?

          • socalbeachdude

            I don’t write it down, but rather enter every transaction I make in QuickBooks which is full-fledged General Ledger Accounting software on my computer which is not vulnerable in any way to any “hacking” at all. It is quite easy to do that with all transactions which are recorded accurately to the penny and then reports can be run at any time to get a full and complete financial picture of my financials on a Balance Sheet.

          • Priszilla

            Quickbook is online, Windows, proprietary. Three attack vectors.
            Unless you never connect your pc to the internet for an update.
            Then you are just vulnerable to power cuts and lightning.

  • Priszilla

    “The U.S. represents less than five percent of the population of the planet, ”

    And yet they have 25% of the world’s prisoners.

    • Mike Smithy

      Yes, we have a disproportionate number of criminals by comparison. What is your point?

    • GSOB

      The human condition. And the solution to it is not found therein.

    • Jerry C

      One country’s prisoners is another country’s customers.

    • socalbeachdude

      There are a lot of bad homres in America.

      • Priszilla

        Everyone knows that.

  • socalbeachdude

    Is there a conspiracy inside Washington to destroy Trump’s inner circle? Top Republican claims Flynn was the appetizer – Kellyanne will be next and Trump is ‘the entree’

    One Republican lawmaker is saying he sees a pattern in the leaks that brought down President Donald Trump’s National Security Advisor Michael Flynn.

    http://www.dailymail.co.uk/news/article-4225488/Is-conspiracy-destroy-Trump-s-inner-circle.html

  • ali

    There is a pattern to how you keep repeating the same topics over and over again with warnings that are pretty useless. It’s about time you repeat the creepy clown issue again

    • socalbeachdude

      DEBT has been the catastrophic snowballing story for the past 40 years in the USA and is precisely what will crash the financial system now that it has reached the largest proportions in the history of the world. People should have paid attention many years ago and dealt with that massive problem as it will slam them from here to the moon as it blows up at this stage.

      • K2

        You said that a hundred times already. Stop repeating the same stuff again and again and again.

        • socalbeachdude

          The topic of DEBT is more important than ever and is at a stage that is totally out of control and headed for huge collapses.

          • K2

            Everything is more important than ever.

  • socalbeachdude

    FAKE NEWS GOES GONZO…DC SPY CONSPIRACY

    “HOTLINE TO RUSSIA” – Explosive phone records and intercepted calls show ‘Trump aides and campaign staff were in constant communication with Russian intelligence officers before the election’… and Donald WAS briefed

    A report claims intercepted calls show: ‘members of Donald Trump’s presidential campaign had repeated contact with senior Russian intelligence officials’ before the election. The New York Times said its allegations are based off interviews it has carried out with four ‘current and former American officials’. The alleged contact was uncovered by US intelligence agencies that were working at the time to figure out if the president’s campaign team was working with Russia in regards to the hacking of the Democratic National Committee or other attempts to influence the election. The newspaper claims Paul Manafort, Trump’s former campaign chairman, was one of the people in contact with Russia. However Manafort, who has worked in the Ukraine and Russia in the past, has denied the allegation.

    http://www.dailymail.co.uk/news/article-4225942/Report-claims-Trump-s-team-spoke-Russian-intelligence.html

    • GabbyinFlorida

      Roger Stone who was no one on the campaign but the gossip National Enquirer buddy long time friend of DJT.
      These two hardly big deals.. This Manafort story and Russia was out during the Campaign and there was nothing to it then and nothing to it now. This is all smear up Trump and make him look stupid and inept. IT will backfire. DJT has been working he is not a sneaky schemer like Obama and the Slim ball politicians are. Give him another month and he will have this turned around right now he is doing his meet and greet with other countries.. NEVER under estimate Pres Trump. HE is a winner he is a bragger but he is no LIAR.. That is what the media doesn’t get the man doesn’t lie. HE brags.

      • SnodtBlossom

        Impeach President PigBastard T.Rump!!!

        • socalbeachdude

          Sainthood for Donnie!!!

        • Kissmagrits

          HILLARY CUNTON FOR QINCHENG 2017. LOCK HER UP, LOCK HER UP, LOCK HER UP.

  • Francine

    EU is just a globalist perfect slavery empire of evil! Nothing else!
    Merkel and Juncker are betraying pupet in their hands! People thought that USSR is an empire of evil, but the real empire of evil is EU!
    EU plans to destroy nationality, to destroy ethnicity, to destroy race type of native people. They are more evil than bolsheviks. Merkel try to BAN free media, label it “FAKE NEW”, in the moment that her nazi propaganda agency called “Deutsche Welle” is the real fake news provider. She want to BAN free thinking!
    The currency of this Evil is Euro!
    This is the instrument for enslaving.
    When they destroy families, when they destroy normal life, when they replace native people with arab and africans, they will be accomplished
    their agenda. They have their martial law, they have their cashless sociaty, they have their full control of the life in the continent.

  • mtntrek3

    Michael, maybe you are placing too much emphasis on the President. Maybe. While I do still hold out hope for him and his administration……. where’s the emphasis on God and His Word ….. and how it all relates to us and the times in which we live? I do value your site here and have for some time. Yet, could you and Meranda please outline how God’s Word tells us what’s to come and how it relates to what you’ve been telling us all along? Thanks. Chris.

  • billtheguy

    Keep the globalists out of my country-USA. Another extreme vetting!! Cash is king. What if I’m out with my adult children and my son wants to borrow $50? Sorry, I don’t carry a cell phone.

    • LIZ THE SHIZ

      what country is that again, too late

    • socalbeachdude

      No. Electronic dollars are king.

  • mtntrek3

    What’s up with the editorial on your site in the Disqus column Michael? Or do you control that? I’ve two responses pending and may be for some time. Not the first time. Just wondering and frustrated at times. …….. Christ is the Way. Let’s see if this goes through.

  • K

    You are correct. Chipping will come almost immediately after going cashless. They will say better ID is a must. And remember it will be to buy or sell, that it will be required for.Got gold or silver, you will still need the chip. So concentrate on supplies. Will a black market spring up? Sure, but be ready to be arrested as a terrorist if caught. Say your house is paid off. How do you pay your property taxes, if you can not access money. Or even renew your car tag? For those of us, who will not take the chip.it is gping to be very hard to live. But sometimes, we have to do hard things. Expect no help from most of your fellow citizens. The damaged Dam proves that. It had been in trouble for days. And yet almost no one had left. When they were told to go, most were totally unprepared and needed gas. There is a mindlessness that has descended on so many people. Even to the point, of a lack of desire for self preservation. God will truly be, our only refuge.

    • Tim

      As a Christian I decided long ago that I will not be chipped or take some other kind of mark in order to buy or sell. I’m going to trust the Lord. If I starve to death, so be it. I’ll go to be with the Lord sooner. Hopefully, the Lord will come for His people before the world requires something like that.

      • GSOB

        Already fulfilled

        • Tim

          You’re free to believe whatever you want.

          I’m not going to argue with you as others here have done. It’s a waste of time. You’re not going to change what I believe concerning eschatology. And, obviously, I’m not going to dissuade you from your views.

          Instead of trying to “correct” the views of the Christian readers of this site, why don’t you start your own site where you can post your own dissertations about prophecy. You might even get one or two people to read your stuff!

          Have a great day. And keep looking up. Oops, I forgot. You believe the Lord returned in 70 A.D.

          • GSOB

            Some where, some how, some way,
            you missed it.
            Mark 9:1
            Hope to see you get back on track
            Matthew 16:28

          • JC Teecher

            Amen Tim! This deluded person has a rude awakening coming. I feel sorry for him…..kinda.

          • K

            No feel sorry for him. He reads, but he has no understanding. That verse is fulfilled, just a few verses later. When Jesus is transfigured, that is what is referred to. Also the fact that God speaks to them directly, claiming Jesus as Son. Those that believe as he does, totally ignore these events. They should not.

          • GSOB

            Your reply is incoherent in it’s pointless development to relieve sorrow.

            I understand the power of ignorance harnessed with the purposes of evil, which is to suppress the Person and work of Christ and His Kingdom.
            The transfiguration of Christ is not the fulfillment but rather the Person who brings it about. The first man Adam became a living soul, the last Adam (Christ) became a life giving Spirit.
            The spiritual is not first but the natural, then the spiritual.
            Those who are in Adam are the seed bed for Christ the seed to be planted
            in them, to produce a Kingdom, temple and harvest (inheritance) for God.

          • K

            There is none so blind, as he who will not see.

          • GSOB

            Rather coy, yet still pointless

          • Tim

            Well said, K.

          • James Staten

            Tim, You are a smart man. gsob claims to be only a partial preterist. Whatever that means? Keep Looking Up. Our Blessed Hope is coming!!!!

          • Tim

            Amen, James!

            God’s timing is amazing. I just got home from work and got on the computer. And as I was scrolling down through the comments your reply to my comment came through. Just amazing. Thanks for the encouragement, brother. Be blessed.

          • James Staten

            I will say this about him. He is one of the best, point and click with the scripture, that I have seen. I just re-read your reply to him…really it’s a great reply. If he could just understand Dispensations, the Apostle Paul, the Body of Christ, and the mysteries revealed to Paul from the Risen Savior in glory, he might then understand the Bible has a Timeline, and where the Nation Israel fits in Scripture. Short Version

          • GSOB

            Mark 12:10

          • GSOB

            Mark 12:9

          • GSOB

            Isaiah 28:16

            Matthew 21:42

      • JC Teecher

        Sadly for pretribbers, He is not coming “before” the hour of temptation/tribulation hour, but just after Satan has his little party, playing the role of Messiah returned.

        • Paul Patriot

          So, God is going to tread the winepress of his wrath, described in Revelation, upon his bride who he purchased with his precious blood??

          • JC Teecher

            Does he have a reason to be mad at you? Have you not read His Word, and understood all His amazing scriptures that never say there is going to be a pre-trib rapture?

            Antichrist/Satan comes at the sixth Trump, the true Christ comes at the seventh…the last; and we which are alive and remain on the earth, will be changed then…and only then.

            Following establishment religion doctrines of man, that are contrary to God’s Word, is a sure fire way to cause wrath to come down on a person.

            I ain’t worried, because I can stand in the middle of a raging furnace, heated 7 times hotter than necessary, and not even one hair will be singed.

            Bring it. Believe as you feel like you have to, one day you may remember what I have written here, and …well…hopefully it will not be too late.

    • Mike Smithy

      You speak much truth Tonto.

  • im4truth4all

    “The further a society strays from the truth the more it will hate those who speak it.” – George Orwell

    • GSOB

      John 18:38

  • Pastor Bob

    Friends:
    You already have the “Mark” of the Beast System and do not realize it.
    The most important thing to remember is not to submit to any form of inserted/injected beneath the skin.
    Oh, the mark is a 999 / 666 inverted. They can get to you anytime of the day or night, since you already have the “Mark” It is found in three different systems of identity that virtually everyone has:
    1. A nine digit social security card.
    2. A nine digit personal check routing number.
    3. A nine digit zip code.
    Get it (no pun intended) but you got it. 9+9+9 inverted becomes “666”
    JUST DO NOT LET THE ROCKEFELLER/ROTHSCHILDS INJECT IT IN YOUR RIGHT HAND BECAUSE IT WILL ALL BE OVER FOR YOUR PERSONAL DESTINY!!!!
    Pastor Bob

    • GSOB

      LOL

    • JC Teecher

      I disagree Pastor Bob. The mark is not only physical, but more importantly spiritual.

      It will be fully implemented “only” after the One World Religious System is set up. It is for the world to succumb to a Global Religious and Political System. It is ultimately for the Antichrist to rule/control, over.

      Antichrist/Satan/the False Messiah, will require all to worship/follow him, and the “mark” is the ultimate slap in the face to God.

      They, the NWO leaders, can capture you, insert whatever into your skin, tattoo your skin from head to toe with 666, imprison you, or even threaten you with death; but; unless you worship/ pay allegiance to, the beast and beast system, It is not over for your personal destiny if you are washed in the Blood.

    • SnodtBlossom

      Ridiculous

    • Paul Patriot

      That’s becoming outdated, the “new” mark system will be activated with each persons DNA

      I seen a presentation by a scientist that working in government, at the Watchman on the wall conference last year, and the technology that is currently in place is far more advanced and able to easily be implemented than most people realize.

    • socalbeachdude

      DNA is the ultimate tool for positive identification.

  • jakartaman

    Its really very simple
    If you can not stand if front of it with an ar-15 – you don’t own it.
    If these nuts go this route Gold is a good alternative.

    • GSOB

      Land

      • Jerry C

        & running water.

        • GSOB

          Water and mineral rights, at least, and ready to build. Buy those lots up and provide owner financing, at the right time.
          Better then being a land lord or flipping houses.
          In the meantime, cultivate your private lot as a prepper would.

  • GSOB

    Ever feel like someone is watching you?

  • GSOB

    Ironic as it may sound, I love how there is no reference to the book of the Revelation of Jesus Christ.

  • JC Teecher

    Christians, and even some liberals that are straddling the fence, have seen the light of what has been a very dark period for America. We have made that first, and very important step of setting up the very real possibility for a better change, by standing strong and defiant against the liberals and their NWO agenda.

    If we stand even stronger, don’t let down our guard, to allow evil liberalism to rule the day, we have a good chance at eliminating the control of the United nations over our land. Eliminate the UN, out of America and American governance, and eliminate the cashless society.

    We have the resources to be self sufficient/sovereign, so they can do whatever they want, across the pond.
    I say to Hell with Globalism and the NWO.

  • Richard O. Mann

    Chips are no big deal. All you need is one good EMP detonation or a nuclear war and all the chips and tracking devices will become useless bits of plastic and carbon.

  • Stuey

    This is very easy to get around. People can come with their own forms of medium of exchange, which is all “cash” is, we don’t need Federal Reserve Notes in their hard form to have a medium of exchange and of course there is always bartering as well.

    • socalbeachdude

      What utter nonsense. The US is a $18 trillion year economy and most transactions are electronic.

      • Stuey

        There are plenty of people who operate outside of electronic transactions. Just because you live in your little bubble you think everyone lives like you do, but there is a big world out there and you aren’t the center of it. There are so many things that can be used as a medium of exchange besides “cash”, you just have no clue.

        • socalbeachdude

          A relative small percentage of the overall American people engage in that sort of activity which would be classified as the BLACK MARKET and much of those kinds of transactions involves criminal activity including TAX EVASION which is a federal felony crime.

          • buffalo lips

            Utter nonsense dude? Opinions are worthless dude. Let’s have some links dude that substantiate your views. BTW dude, no need to shout with bold text. That’s pretty arrogant dude and it only serves to show your opinion of other people.

          • socalbeachdude

            Huh?

          • Stuey

            You live in your Ivory tower in S. Cal., you have no clue of what it is like out here in fly over country.

          • socalbeachdude

            Why would anyone operate outside of electronic transactions? There is no valid reason whatsoever to do so.

          • Stuey

            You ever watch the show “American Pickers”? That is what they always pay in, CASH, and they do it right on TV for the world to see.

          • socalbeachdude

            So?

          • Stuey

            So? Ok, let me write real slow so you can understand. You ready——many people use cash daily—–duh huh, do you understand that you IDDDD EEEEE OOOOT

          • Stuey

            So proves you don’t have a clue of what is going out here in the real world. Get your butt off the beach and quit surfing and doing drugs and maybe you will have a clue.

  • rentslave

    The Democrats will stop this:Most of their voters deal only in cash.

  • Liberty First

    Agreed on all points.

  • Jack Frost

    Not only can they track your every purchase or sale, the Feds can simply dip out their desired monies for whatever purpose without your knowledge or consent. What will you be able to do besides be angry? And when the economy needs stimulating, the Fed reserve can take interest rates into negative territory without triggering a cash run on banks. Imagine having to choose between watching your balance dwindle monthly as fees mount in hte negative rate era or going out and buying junk you don’t need. As long as people can stare into their phones or surf the web, nothing else matters.

    • Barry Goldwater

      Exactly right , money can be programmed to expire with negative rates automatically shrinking your savings to zero over time if you think about saving it.

      • socalbeachdude

        Absolutely false. US dollars NEVER EXPIRE and the US government has nothing to do with setting any interest rates in the US economy – nor does the Federal Reserve which only sets 3 interest rates which FOLLOW the yields (interest rates) on 3 month US Treasuries which are established in the $13 trillion a year US Treasuries markets.

        • Correct, U.S. dollars never expire, but the bank generated debt-based private credit erroneously referred to as “electronic money” and “electronic dollars”, can !POOF! out of existence in a heartbeat, as over $60-Trillion in bank generated deb/credit did during the 2008-10 financial crisis. 10’s of millions of people were made to suffer simply because there wasn’t enough actual money in circulation to keep economies going.

          • socalbeachdude

            That is a complete misrepresentation of the LIQUIDITY CRUNCH in 2008-2009. As to 2008-2009, that little and very rapidly corrected downward blip was all due to an accounting rule known FASB (Financial Accounting Standards Board) Rule 157 (“mark to market”) which was essentially rescinded in March 2009 at which point the markets returned to huge increases.

          • No it’s not a misrepresentation of the “LIQUIDITY CRUNCH” in 2008-2009, it was the CONSEQUENCE of the “LIQUIDITY CRUNCH”.

            The “LIQUIDITY CRUNCH” was the consequence of stupid people operating under the erroneous assumption that ‘asset values is money’, which the banks were more than willing to accommodate, because they believed that they would get paid regardless.

          • socalbeachdude

            Asset values are NEVER MONEY when it comes to stock and bond asset values.

          • Well where do you think ‘liquidity’ comes from if not asset values?

          • socalbeachdude

            Asset values have nothing to do with LIQUIDITY which is the availability of CASH by its very definition. Asset values in the US are NOW VASTLY HIGHER than the amount of cash available to cashier out even a small fraction of those “asset values” (based on current market pricing caused by buying at the margin by speculators in the markets) and the bottom line is that the total amount of US M2 Money Stock is only about $13.3 trillion whereas stock and bond “asset values” now are around $77 trillion based on preposterous elevated “market values” – which should tell you how sustainable that sort of nonsense with “asset values” in the markets are.

    • socalbeachdude

      The Federal Reserve only sets 3 interest rates and none of them have anything to do with the US economy where all interest rates are keyed off the yields (interest rates) on US Treasuries. The Federal Reserve is NOT setting interest rates “appropriate for the US economy” but is merely changing OVERNIGHT BANK LOAN RATES which are practically NEVER UTILIZED as the banks are awash in vast excess trillions of dollars and have no need to borrow from each other. The only other rate set by the Federal Reserve is IOER which is Interest On Excess Reserves held by banks inside the Federal Reserve where the banks currently have nearly $2.6 trillion in their excess reserves accounts.

      IT DOESN’T MATTER A HOOT WHAT THE FEDERAL RESERVE DOES WITH ANY OF THE THREE INTEREST RATES THEY SET as all interest rates that matter in the US economy are SET IN THE US TREASURIES MARKETS.

      The BOND MARKETS SET INTEREST RATES IN THE US ECONOMY AND NOT THE FEDERAL RESERVE. The yields (interest rates) in the bond markets have been SOARING EVER SINCE JULY and that is where all interest rates that affect the US economy are keyed off, and NOT the only 3 interest rates set by the Federal Reserve which simply do not matter a hoot in the US economy.

      The only 3 rates that the Federal Reserve is involved with setting are:

      1) Federal Discount Rate – currently 1.25%

      2) Federal Funds Rate (which it influences) – currently in the range of 0.50% to 0.75%

      3) Federal Reserve IOER (Interest On Excess Reserves) – currently 0.75%

      The IOER (Interest On Excess Reserves) interest rate does have an immediate beneficial impact for banks as it is the interest paid to banks on their excess reserves accounts inside the Federal Reserve and those accounts now have more than $2.5+ trillion sitting in them.

      The ONLY applicability of the Federal Funds Rate is INTERBANK BORROWING to clear nightly transaction balances which is now practically NEVER UTILIZED as the banks are awash in trillions of dollars of EXCESS RESERVES and have no need to borrow from each other.

      As to interest rates on savings accounts, BANKS ARE AWASH WITH EXCESS CUSTOMER DEPOSITS AT A TIME WHEN DEMAND FOR BORROWING IS VERY LOW which is why interest on savings rates is so low and that is not likely to change much.

      The only 3 interest rates set by the Federal Reserve have NOTHING WHATSOEVER TO DO WITH THE INTEREST RATES ON THE US GOVERNMENT DEBT as those yields (interest rates) are all set in the $12.8 trillion a year US Treasuries market and have nothing to do with the Federal Reserve.

      As to the rest of your assertions they are beyond bogus and laughably false.

      Interest rates on US Treasures have nothing whatsoever to do with the only 3 interest rates set by the Federal Reserve – which are a reflection of the yields on 3 month US Treasuries – and the big issue with the outstanding $20 trillion in US Treasuries is that INTEREST RATES WILL SKYROCKET for the US government if yields (interest rates) that are set in the US Treasuries markets rise substantially, which is certain to be the case in coming years.

  • seekless

    Obama will go down as the worst ever !

    • Ricardo

      > Obama will go down as the worst ever ! <

      Do you mean crapper ? 🙂

  • What does a ‘ban on cash’ really mean to the banks? It means ‘DEBT JUBILEE’ for the banks.

    A deposit account represents a bank debt obligation to their deposit account holders and what the bank owes is cash money. Ban/outlaw cash and the banks are relieved of their debt obligations to the account holders. Within the U.S., a ban on cash would represent a gift of about $11-Trillion to the banks. To figure out how much of a gift european banks will receive with the banning of cash, simply total their deposit account debt obligations and that amount will be your gift to them. They get a Debt Jubilee, and you get screwed, blued and tatooed. Now isn’t that special…..

    • socalbeachdude

      Absolutely false. There will be no “ban on cash” but there has been a huge movement towards everybody using ELECTRONIC MONEY which is the EXACT EQUIVALENT of paper money and in no way a “debt jubilee” for the banks at all.

      No bank owes “cash money” to anyone and very few withdrawals are ever made for cash. Banks merely OWE CURRENCY to customers for their deposits. Your assertion that “Ban/outlaw cash and the banks are relieved of their debt obligations to the account holders” is totally false and laughable on its face.

      In the United States there is only about $1.3 trillion even existing in the form of cash currency and it is little used in the US economic system with an $18 trillion a year economy where most transactions are done with ELECTRONIC MONEY in the form of US dollars.

      • Sorry but no, I am not wrong and you should learn their history, they did the same thing to gold as money to get rid of their legal obligation to pay gold upon depositor demand.

        What you call “electronic money” is nothing more than bank debt, a bank’s legal obligation to pay legal tender dollars either upon demand or over time to their deposit account holders. The only reason bank bank debt trades at par with the legal tender money is the underlying assumption that legal tender dollars can and will be paid by the banks.

        There is no money in any deposit account of any type in all of westernized banking, they are all credited accounts, accounting entries denoting the amounts of cash money owed to their deposit account holders, they are all bank debt (that’s why deposits are are accounted as bank liabilities) All bank generated credit is debt, it cannot exist otherwise.

        Banning cash relieves the banks of their legal obligation to pay cash money to their deposit account holders, which effectively amounts to a debt jubilee for the banks and the institutionalization of debt slavery for the people.

        • K2

          So if a depositor wants to withdraw cash money from a bank…the bank will not give him the money? if ‘cash is banned’, not even ‘electronic’ money?

          • All westernized monetary systems are legal tender monetary systems. This necessarily means that the money in use is defined/designated by law. There is no law anywhere that designates, or even acknowledges, the debt based private credit generated by the Fed and banks, erroneously referred to as “electronic money”, as being a legal tender money or a money of any type. The only laws associated with bank generated debt/credit, reside in the debts incurred with its use. As a point in fact, there is no law anywhere that grants to either the Federal Reserve or the banks the authority to create money.

            There is no such thing as “electronic money”, it’s an accounting system of debits and credits maintained by the banks. A debt card is nothing more than an electronic form of checking. As with a check, when you use a debit card you are directing the bank to transfer cash money to the vendor in the amount of purchase, that amount is deducted from the bank’s deposit debt to you and added to the deposit debt to the vendor indicating that the money was successfully transferred and is available for withdrawal. That’s the way the system is designed and it’s the way it’s supposed to work.

            In other words, you are not paying for anything when you use a debit card, you’re simply transferring your obligation to pay the vendor to the bank.

          • socalbeachdude

            What utter bogus delusional nonsense.

          • Really? I have U.S. Law and history on my side, what do you have to offer as a counter, beliefs and stories?

          • socalbeachdude

            No, you certainly do not at all.

          • OK, post the laws that prove me wrong. Post the law that designates Fed and bank generated asset-backed, debt-based, private credit a US legal tender.

            Post the law that grants to the Fed and the banks the authority to create US legal tender, or a money of any type.

          • socalbeachdude

            The Federal Reserve Act is highly specific in establishing the Federal Reserve System as the sole source of money creation and management as the central bank in the US and I would suggest you read and attempt to comprehend all 31 sections of the Federal Reserve Act at:

            https://www.federalreserve.gov/aboutthefed/fract.htm

          • [ “So if a depositor wants to withdraw cash money from a bank…the bank will not give him the money?” ]

            That’s what a ban on cash means.

            There is no such thing as “electronic money”.

          • socalbeachdude

            Absolutely and laughably false. Electronic money is the form of money most used today in the US and globally and in the US it is US DOLLARS IN ELECTRONIC FORM.

          • Don’t you know anything about banking? What is a a bank deposit account? Why are they a liability of the banks? What is fractional reserve banking? What is the primary currency being reserved and what is being issued in its stead? Why is there an FDIC? Geez dude, think

          • socalbeachdude

            I am an expert on banking and money, but apparently you don’t have more than a slight inkling of a clue as to how money and banking actually work.

            A bank deposit account is a CUSTOMER DEPOSIT ACCOUNT AT BANKS and always has the value of the money that a customer has deposited in that bank.

            Obviously it is a liability to the bank as the bank OWES THE CUSTOMER for the amount of funds in that account and that is how GENERAL LEDGER ACCOUNTING properly reflects those funds. What the bank does with those funds is reflected on the ASSET side of its General Ledger and includes securities, borrower loans, and other assets that must always be GREATER THAN ITS LIABILITIES.

            There is no such thing as “fractional reserve banking.” There ARE RESERVE REQUIREMENTS ON CUSTOMER DEPOSITS IN US BANKS that are around 10% of the amount of those deposits in those accounts which means banks must keep 10% of those deposits in liquid form and may NEVER LEND MORE THAN 90% of customer deposits to borrowers.

            Obviously, in the US the primary currency (and only currency) is the US DOLLAR which is mostly in the form of ELECTRONIC MONEY.

            As to the FDIC, its purposes are obvious: to insure the amount of customer deposits up to $250,000 in the event of individual bank failures. The biggest problem with that insurance is that the FDIC only has about $40 billion to insure nearly $12 trillion in customer deposits.

          • Expert? OK dude, it’s your story, tell it any way you want.

            [ “A bank deposit account is a CUSTOMER DEPOSIT ACCOUNT AT BANKS and always has the value of the money that a customer has deposited in that bank.” ]

            That’s not true at all. If it were then there would no need for the FDIC and banks would never fail.

            And the “funds” owed to deposit account holders by the banks is Federal Reserve notes and U.S. coin, a.k.a. U.S. Legal Tender Money.

          • socalbeachdude

            What I stated very clearly is 100% true, accurate, and correct.

            The issue is that banks can LOSE A LOT OF MONEY ON THEIR ASSETS (such as housing loans to borrowers) when those assets go bad due to DEFAULTS BY BORROWERS which reduces the asset values to BELOW THEIR LIABILITIES which is the definition of a bank failure in which cash the FDIC will come in and take over the bank and merge or liquidate it and insure the customers deposits up to $250,000 so that the customers do not lose funds in the event of that bank failure.

            Obviously, the funds owed to customers are denominated in US DOLLARS in the United States which are the only legal tender money in the US.

          • There is no such thing as “electronic money”.

        • socalbeachdude

          Your notions as to how banking work are TOTALLY DELUSIONAL AND FALSE.

          Electronic money is US DOLLARS that are the very same as paper US dollars.

          There is in fact the exact amount of dollars in each deposit account in banks in the US as stated on each customer’s statement and that total is now around $12 trillion leaving aside the around $1.3 trillion of paper currency floating around the economy.

          The reason that deposits are counted as a bank liability on full general ledger statements is obvious – it is money that is OWED TO THE DEPOSITORS who can withdraw it from the banks. Those funds are offset by assets of the banks such as loans to borrowers which are funded by those customer deposits.

          • Geez dude, you are totally ignorant of the US monetary and banking systems.

            Here’s the law that designates the U.S. money: Section 31 U.S.C. 5103: United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues.

            That, is what the US government owes in final payment of its debts and it’s what the banks owe by law to every deposit account holder.

          • socalbeachdude

            Hardly, but that would certainly describe your totally delusional notions.

          • Your opinion is neither fact or refutation.

          • That’s funny, you calling me delusional when you’re the one here making up silly tales and upticking yourself in approval.

          • socalbeachdude

            What I have stated are the actual facts.

          • Seys you. You have yet to post any ‘facts’ whatsoever, just your opinions and beliefs. I’ve posted links to actual facts that pretty much refutes most of your claims.

          • socalbeachdude

            I have posted the actual facts fully backed by sources that totally refutes QED your nutty and bogus notions asserted here.

          • OK dude, it’s your story, tell any way you want, but you’ve posted no sources and little in the way of facts, and even those that are close to fact, you managed to screw up..

  • Hengist Pod

    If they try this in the current state of the collapsing EU there will be massive rebellion from the migrants and 1000% rise in crime. Small people will not be able to feed themselves. War will happen this year- a civil war. People have had enough. The English especially are at boiling point.

    • socalbeachdude

      The English are facing HUGE INFLATIONARY INCREASES over the prospects of Brexit due to the collapse of the UK currency, the pound, which has fallen about 20% in value relative to the Euro since the Brexit vote as well as the prospects of much of the UK’s “City of London” financial industry leaving the UK should Brexit actually be started with the invocation of Section 50 of the EU Treaty with the UK. The UK does not use the Euro so any changes in lowering the highest denomination of the Euro as a currency would have no affect all on the UK.

  • June Bug

    I just don’t see a cashless America just yet. There are too many crazy christians here that would freak out thinking it is the mark of the beast and all that jaz. Don’t get me wrong. I don’t want anything to do with it either but I’m just not going to blame it on a guy in a devil suit.

    The most unfortunate part for the christians is that they are just a bit too pacifist for their own long term good. Just like they will start killing muslims only after the killing of christians has been ongoing and wide spread across America. And even then they will bring a spork to a gun fight.

  • GSOB

    Psalm 118:22
    The stone which the builders rejected Has become the chief corner stone.

  • socalbeachdude

    Nothing that you stated in any way even slightly contradicts any of my statements.

  • socalbeachdude

    Absolutely false. M2 does not count any debt as money at all. IT counts ACTUAL CUSTOMER DEPOSITS OF CASH.

  • socalbeachdude

    Yes, but so what?

  • George Washington

    When Trump was elected I felt relief for the first time in 8 years of Obama control. However seeing how the left is working the last few weeks I realize that the we are more screwed than if Hiltery was elected. A fight is coming and many people will die because of the Globalist agenda. In the end free men will stand up for what is right and win as it has been throughout history…otherwise our history will cease to exist.

  • socalbeachdude

    The 6,200 or so member banks of the Federal Reserve have more than $3.6 TRILLION in their primary reserves ($1.3 trillion) and excess reserves ($2.5 trillion) accounts inside the Federal Reserve. The excess reserves are reported in the H.6 reports which are at:

    Money Stock Measures – H.6

    http://www.federalreserve.gov/releases/h6/

    US banks have never in the history of US banking been SO VASTLY OVER RESERVED as they are now with around 33% in total cash reserves inside the Federal Reserve against customer deposits in their primary and excess reserves accounts which total around $3.6 trillion.

  • mytimeisnow

    Facebook won’t let this be shared

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