Financial

The Death of Cash is Coming

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.

We’ve blogged on this topic before, but this issue is ready to boil over at any moment. And the scary part is that one day you will have cash, and the next day you won’t. It may happen overnight, literally! This is a scary thing because our financial privacy is at stake here. No one wants every transaction they make to be tracked and taxed. But thats what the governments of the world are trying to achieve. Total control.

Read more: https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

Our blog: https://privacyliving.com/2016/12/03/the-cash-genocide-has-started/

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The Cash Genocide Has Started

A currency genocide has begun world wide, and the first shot has been fired in India. This began in India just a few weeks ago, and may be spreading to the United States.

Citizens of India learned, with only a few hours’ notice, that their 500 and 1,000-rupee notes were no longer legal tender. Those are—or were—the country’s largest-denomination bills and the foundation of a huge underground economy. Now they’re just paper. The results were what you would expect: confusion, chaos, and fear. – Forbes.com [http://www.forbes.com/sites/patrickwwatson/2016/12/01/indias-demonetization-could-be-the-first-cash-domino-to-fall/#714a9eb713bb]

gold-money-warMost people still use cash for transactions, whether it be to buy a soda at a corner store, sell items at a garage sale or to purchase vegetables at a farmer’s market. Yet cash is now under fire from central banks worldwide. The banks don’t like cash because they cannot control it and tax it. So they feel they must get rid of it, and they make ridiculous excuses as to why they should get rid of cash: it’s too easily counterfeited, it’s part of the drug money laundering trade and many more excuses – all of which are absurd and without merit.

Former US Treasury Secretary Larry Summers published an article last week stating that “nothing in the Indian experience gives us pause in recommending that no more large notes be created in the United States, Europe, and around the world. In other words, despite the India chaos, Summers thinks we should still curtail the $100 bill.” – Sovereignman.com

Imagine what it would be like if we couldn’t use the $50 or $100 bills. Despite what the talking head economists say, inflation is rampant in the US. Anyone who’s been buying bread and milk for the last 10 years or more can tell you the price is much higher now then it was then. This is inflation at it’s core. The need for larger bills has never been higher with inflation chipping away at our incomes, yet the banks want to get rid of cash. It’s madness!

America has always been about freedom. Freedom of religion, freedom to speak out and be represented, and economic freedom. Yet our freedoms truly are under fire every day. What will you do to protect your freedoms?

The Fastest Growing Economy in Europe

I don’t necessarily recommend just packing up and bailing out of your own home country, but for some it is not an option.  Sometimes things just happen and you need to move along.  So if you are country shopping you might find it interesting that Ireland has the fastest growing economy in Europe.  Last year Ireland’s economy grew 7.8% which is greater than China and the US. ireland

The factors that caused this are mostly sound common sense principals but the two that I find most notable are #1: Ireland has a low corporate tax rate (12.5%) that is dwarfed by the Unites States 39% corporate tax rate (This is what attracts business). #2:  Ireland is prosecuting the bankers that crashed their economy in 2008.  Ireland recently extradited David Drumm, former chief executive of Irish Anglo Bank, back from his hide out in Boston Massachusetts on 33 charges, including forgery and fraud. (This restores public trust)

Now, how does this help you?  Keep your eye on Ireland.  If they continue to grow I will recommend them as a place to expatriate to.  My only word of warning is that unemployment in Ireland is still at 8.6% so don’t expect to hop off a boat and be flooded with job opportunities.   However, this is a European country and if you land a job it will pay way better than a job in most Latin American or African countries.  It is important when planning a move to consider how easily you can get work as an immigrant as well as what it will pay and how you will be treated.  At this time, for those very reasons, I have Ireland on my watch list and you should too.

8 Reasons Financial Crisis May Be On The Horizon For 2016

I’ve blogged before on this topic, and you may wonder what a financial meltdown has to do with privacy and security issues. The answer is that a financial crisis for the world and for the United States would be a disaster for privacy and security, amongst other things.

I found a great article that speaks the truth about our financial status in both the world and in the U.S. at Nasdaq.com published about 18 months ago. Some of the predictions have either come to fruition or have become exacerbated since the articles publication. These days articles like these, which don’t hold back and tell it like it is, are harder and harder to find. Heed these words…looters

8 Reasons Why a New Global Financial Crisis Could Be On The Way

Stock Market Bubble

Chinese Banking

Energy Crisis (Already Under Way!)

New Real Estate Bubble

Corporate Failures

Geopolitical Crisis (Syria in Chaos!)

Poverty Crisis

Cash Crisis

http://www.nasdaq.com/article/8-reasons-why-a-new-global-financial-crisis-could-be-on-the-way-cm383267