How Governments Can Kill Cash: Jim Rickards for The Daily Reckoning

in #steemsilvergold7 years ago (edited)

The global elites are using negative interest rates to do the same thing as inflation — make your money disappear. One way to avoid negative interest rates is to go to physical cash. In order to prevent that option, the elites have launched a war on cash.

The war on cash has two main thrusts. The first is to make it difficult to obtain cash in the first place. U.S. banks will report anyone taking more than $3,000 in cash as engaging in a “suspicious activity” using Treasury Form SAR (Suspicious Activity Report).

One solution to negative interest rates is to buy physical gold.

But governments always use money laundering, drug dealing and terrorism as an excuse to keep tabs on honest citizens and deprive them of the ability to use money alternatives such as physical cash and gold. When you start to see news articles about criminals using gold instead of cash, that’s a stalking horse for government regulation of gold.

Guess what? An article on the topic or criminals using gold appeared, in Bloomberg. This is one more reason to get your physical gold now, while you still can.

Please continue reading at...

https://dailyreckoning.com/governments-can-kill-cash/

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Great article.

Great post!

Thanks Buster 544!

it really is a double-edged sword

@anothervoice
Beautiful writeup!Thanks for sharing.

Thanks for the post and the link.... Jim Rickards really knows this stuff.

That he does, Thanks!

I went to buy a large amount of silver in Houston 2 years ago and the supplier wanted me to fill out a form. NOPE. It's none of the government's damn business if I buy silver/gold or anything else that is legal.

I agree that It's none of the government's damn business but I though this was the land of the free. Thanks David!

I have been waiting for news articles about terrorist using gold for their financing needs. Cheers

And now you got one. Thanks Silver Bug @silverbug