When Cash Is King...

If you think restricting cash has nothing to do with monetary policy and negative interest rates, then watch this. We look at a recent CNN Business article looking at the Swiss.

Time to buy a safe?

[Recorded in a thunderstorm...]

We also can received bitcoins at: 13zBL1oRib9VJu8Uc9zUGNhxKDBBgUpDN1

Please share this post to help to spread the word about the state of things....

Caveat Emptor! Note: this is NOT financial or property advice!!

[anthonycarpenter]

The banks are like casinos, youre not meant to win they are. The cash ban just gives them better odds.

[neilr]

Went to westpac the other day and told me in no way could I take out more than $5000 without 2 days notice. I needed $5500, so they made me go to the ATM outside for the remainder.

Who's money is it again?

[AdamSahr-cjkf]

Don't expect the people who deliberately broke the system to their advantage to try and fix it...

[muntee]

People think this is to enable banks to implement negative interest rates. I believe it to be the other way around. Negative interest rates are to justify legislation that is instrumental in removing the rights for private ownership and/or transfer of property.(physical wealth is a form of property.)

Such a fundamental shift in the socioeconomic paradigm will irrevocably alter the manner in which we regard a ‘normal’ life.
Mark my words. Physical possession of cash/wealth above the the threshold, and not registered/stored with an accredited facilitator will be next.

[infernotrout]

How Ironic this world of banking is!! They use fractional reserve banking and yet charge other people for having cash; Cash that the bank uses that they never had in the first place.

[motorheadbeany]

We are going to negative interest rates in two rate cuts IMHO. I expect this legislation to be expediated through.

[christopherdrake]

People in Switzerland are stacking 1000 SWF notes in home safes.

[nikkion]

In Davos, Ray said "Cash is trash" !!

[brianeibisch]

Fortunately for me, I don’t have much cash or anything but it is strange to see the banking system creating cash by the bucket load through various QE measures, whatever they may be called, and also destroying cash through negative interest rates. This seems to be a dichotomous inconsistency showing just how flawed our whole economic system has become. The time has come for serious thinking on a different future other than tinkling on a system that has obviously failed badly.

[mike]

Great vid Martin thanks. Just when most people are thinking shares couldn't possibly go much higher in comes Dalio & Msm to tell us "Cash is Trash" anyone else think the rich want the flock to remain in the market to give them a soft landing

[Gumardee_coins_and_banknotes]

The problem with Switzerland, is that when they change their banknotes, you have 20 years to change it, or it becomes worthless. And I can buy a 100 Franc banknote from the 1970s for less than 100 Francs. But I am reading that might have been changed.

[davidburke]

'Cash is Trash' accordingly to Ray Dalio, but he was talking about unsecured loans to insolvent financial institutions (bank deposits)

[AdrianHepburn-vzyr]

The irony is the Rothschilds have run the Vatican finances since 1850 give or take.

[limlwl]

Australian government saw cash withdrawal as a risk and so deciding to do a cash ban as a start.... negative rates here we come!

[eliwosalie]

If they're so concerned about the national debt, then why do they keep advertising both on TV and website ads, easy personal loans, low interests rates, late model cars on low interest finance deals, housing loans, deliberately encouraging the people, who are already struggling to meet their obligations to pay debt. Then you have the Corporate Pirates with their credit licences, who advertise on TV, the internet, such as Life Insurance, Funeral Cover, Health Insurance and whatever else . Your payments to these pirates goes into their pockets, your cover is made through your Birth Certificate Bond. You are merely paying these corporate pirates to administer your cover, whether it is Funeral, Health, all compensation claims, or any other cover from your bond, for a substantial fee, multiply it by the millions and what do they earn? Hint? Real Life Insurance. These pirates and this includes both Federal, State and Treasury are having a party. As for the King of Cash term, this is a lie, when the economy crashes, and you are out of toilet paper, don't worry, just wipe your butt with your hoarded cash, because that is all it will be good for.

[memineown]

Very good. So in Australia, where does that leave us? All the policies of the big business only government have been around shutting down wages in the real economy. Its a cost to business. With negative interest rates, wouldn't that mean that any savings that the real economy had could be extracted directly into the non economy? Bypassing the real economy. It's big business after all that needs massive amounts of money. The electorate (real economy) doesn't matter.

[briananderson]

Public police officers now have been trained in the use of automatic weapons .And have them on hand.

[kerrimackay]

More reasons for asset bubbles, or are they really bubbles with inlimited money printing. Looks like inflation for everything except wages. A developer world wide experience.

[tobybrown]

Fires on the eastern seaboard of Australia has decimated the tourism and will be the start of the gradual decline into a depression

[kienhwengtai]

If the rich people want cash, they know it's better than in the bankrupt banks.