Hillary’s Scary New Cash Tax
By Justin Spittler
The largest underground currency market in history…how to make huge investment gains from negative interest rates…none dare call it a tax.
Editor’s Note: This is the most important Dispatch we’ve published all year.
You won’t find our regular daily market commentary in this issue. Instead, you’ll find an urgent message from Casey Research director Brian Hunt. Right now, the government is planning a secret new tax. It involves a new way of taking money directly from your bank account…
Casey Daily Dispatch will return to its regular format next week.
Regards,
Justin Spittler
Delray Beach, Florida
March 4, 2016
Dear reader,
Have you heard of “negative interest rates?”
It’s become a phenomenon with economists and the media.
There’s a good chance you’ve read an article about it. We’ve covered it many times in the Dispatch.
I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press.
What’s coming at you is a historic event. It’s something our grandchildren will hear stories about…much like the Great Depression or the Cold War.
What’s coming could send the price of gold much higher in the coming years…and hand gold stock owners 500%+ gains.
If you know what’s coming, it could mean the difference between having lots of free cash in retirement or barely getting by.
To understand the gravity of this moment, let’s cover one of the most bizarre ideas in the world…
Negative Interest Rates.
In a normal world, your bank pays you interest on your savings. It takes your money, pools it with other people’s money, and loans it out.
The bank makes money by paying out less in interest on your deposit than it earns in interest from borrowers.
For example, it might pay out 3% to depositors while earning 6% from borrowers.
This is how it has worked for decades.
Negative interest rates turn your “normal” bank account upside down.
Negative interest rates could only exist in a crazy world where idiot politicians are in control.
Unfortunately, that’s just what we’re dealing with right now.
Politicians all over the world are ordering banks to charge depositors (you) a fee for storing cash.
It’s a perversion of saving. It’s a perversion of capitalism. It’s a perversion of planning for the future.
And it’s going to result in disaster.
Politicians think that by making it unattractive for you to keep money in the bank, you’ll save less money. Instead, you’ll spend more money on things like smartphones and cars. You’ll invest in things like stocks and real estate.
This would “stimulate” the economy.
This thinking is very, very wrong. No matter what the government does, it can’t force you to spend money. It can’t force you to make investments if you don’t see good opportunities.
Forcing people to pay banks to hold their money is a tax. It is wealth confiscation for the digital age.
The government and the mainstream press won’t dare call it a tax.
But that’s exactly what it is.
A negative interest rate policy is a tax.
Any time you hear a politician, central banker, or news anchor say “negative interest rates,” just think “TAX.”
Think “TAX ON MY CASH”.
I’ll say it again: Negative interest rates are going to result in financial disaster.
The coming disaster will wipe out many people.
But you don’t have to be one of them.
I’ll explain how you can sidestep this disaster—and even make a lot of money as a result of it—in a moment.
But let’s quickly cover one more thing about negative interest rates…
The Ugly Twin Sister of Negative Interest Rates
If the government makes it unattractive for you to keep cash in the bank, you can pull cash out of the bank. You can simply store it in a safe or under the mattress.
Politicians know this.
That’s why they’ve created another dangerous policy that works hand-in-glove with negative interest rates.
That policy is banning cash.
You see, if you pull your money out of the banking system and stuff it under the mattress, you aren’t doing what the government wants you to do.
You’re not spending money or investing in stocks.
This is a major reason why governments are banning large cash transactions and large denomination bills.
They are fighting a War on Cash.
In just the past few years…
***Spain banned cash transactions over 2,500 euros
***Italy banned cash transactions over 1,000 euros
***France banned cash transactions over 1,000 euros, down from the previous limit of 3,000 euros
And just a few weeks ago, former U.S. Treasury Secretary Larry Summers called for a ban on the $100 bill!
Historians aren’t surprised by Summers’ idea. Franklin Delano Roosevelt banned $500 and $1,000 bills in the 1930s.
You can bet that Big Government types like Hillary Clinton and Donald Trump will do the same thing in a financial emergency.
By making it so difficult (or illegal) to buy and sell things with cash, the government wants to force people into the banking system. That way it can monitor us and coerce us into whatever it wants…like pay outrageous new taxes.
It’s all a dream come true for government central planners.
The governments say these new currency laws are for fighting terrorism, money laundering, and drugs.
But the ultimate goal is control of society…and to confiscate the wealth of private citizens.
As congressman Ron Paul said, “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”
Whether you agree with these regulations or not, the conclusion is obvious:
By driving us more and more towards trackable digital payments, the government has made it much, much easier to confiscate our wealth.
We’re like sheep that have been “herded” into a corral, ready for shearing.
And Hillary Clinton (and her Big Government cronies) is holding the clippers.
However, you don’t have to be sheared.
You can avoid the shearing by learning how to navigate what will become the largest underground currency market in history.
Hillary Doesn’t Want Your Gold. She Wants Your Cash
On April 5th, 1933, president Franklin Delano Roosevelt issued one of the most controversial orders in U.S. history.
It went by the name “Executive Order 6102”
Not one American in 1,000 knows about this order. But to this day, many experts consider it to be one of the most destructive acts in U.S. history.
It violated sacred principles held by our founding fathers. It impoverished millions and confiscated the savings of honest, hardworking Americans.
Executive Order 6102 made it illegal for private citizens to own gold. Citizens were ordered to turn in their gold to the government.
Why would the government confiscate the wealth of private citizens?
You can fill a book on the history surrounding Executive Order 6102. But in a nutshell, it was the act of a desperate government in the midst of a financial crisis.
The government wanted the gold in order to increase the nation’s money supply. It believed an increase in the money supply would revive the struggling economy.
Please review those last two paragraphs…
An increase in the money supply…a struggling economy…a desperate government.
Sound similar to what is happening right now?
Since the answer to that question is “YES,” we have to ask another question…
Could such a confiscation happen again?
As the crisis develops, our deeply indebted government will act like a giant wounded beast, lashing out in all directions. It will grow more desperate for control. It will grow desperate for money.
And just like FDR did in the 1930s, it will confiscate the wealth of private citizens.
But Hillary Clinton (or Donald Trump, or whoever wins the election) won’t go after your gold.
Nowadays, the gold market is very small compared to the overall economy.
Going after gold would be too much work for the government.
The government is going to go after YOUR CASH.
It will regulate your cash. It will tax your cash. It will take your cash.
This has all kinds of implications for banking and the economy.
But here’s the most important thing you need to know as an investor:
Negative interest rates and their partner, the War on Cash, will create a renewed interest in gold. This could cause gold to double or even triple in value.
Even children know what the government is doing is crazy.
And people aren’t going to take this lying down.
Rather than participate in the government’s monetary farce, people will go underground.
They will pull cash out of banks and hoard it in safe places. And they will seek the safety, anonymity, and reliability of gold and silver.
Gold and silver have served as money for centuries.
Gold is the ultimate currency because it doesn’t rot or corrode…it is durable…easily divisible…portable…has intrinsic value…is consistent around the world…and it cannot be created from thin air. It cannot be debased by the government.
By enforcing negative interest rates and fighting a War on Cash, the government will create a huge underground currency market.
And the ultimate underground currency will be gold and its sister metal, silver.
Gold is trading for around $1,260 an ounce right now.
As the government blunders into a negative interest rate disaster, gold will likely rise 50%…100%…possibly even 200% higher.
There’s an underground currency market coming to your neighborhood.
If you own enough gold, you’ll be its king.
If you don’t yet own gold, buy it now.
If you own a lot of gold, buy more.
Regards,
Brian Hunt
Editor’s Note: Brian just alerted readers to an extremely rare opportunity in the gold market…one that could lead to 500%+ gains in a short period. This situation has only occurred a handful of times in the last 20 years. But every time it occurs, some investors see gains as large as 1,700%, 4,300%, and 5,000%.
If you’re interested in this idea, please act now. With gold prices surging, the window of opportunity won’t be open long. And once it closes, we likely won’t get another one for years. Read more here.
Hell we’ve had a tax on cash etc since 1913….it called inflation…..the Banks secret method of stealing from the people .
Yes, Bucked, you are correct.
However, NIRP carries the theft to a whole new level. While the inflationary policies of the past 100 years are stealth theft, and the official belief is still that you own your own money and fruit of your labors, NIRP is outright, unapologetic, official theft. It is our policy makers baldly stating that you have no right to your own money.
This will clinch the election for Trump, and let’s hope he’s any different, which I sort of doubt. But even stone liberals may turn on Clinton if you put the matter to them in these words: DO YOU WANT TO PAY TO STORE YOUR SAVINGS AT THE BANK IN ORDER TO PROP UP THE MARKETS AND MAKE OLIGARCHS RICH WHILE YOU GET POORER?
Whose name in on your money?
That is who has the right to do with it as they please since it is actually their money, not yours.
A “Give unto Caesar …..” sort of thing.
Anon, what exactly did Jesus mean by that?
PA Mike–That saying attributed to Jesus has always bothered me. Most people think that it means giving to the government all that is demanded by them. The truth is that it’s all God’s, the whole universe and everything in it, including us.
The whole idea was that Jesus fooled them. The truth is that money truly belongs to the people who earned it, not Caesar and Jesus’ response seems shallow. What Jesus said was probably mis-reported.
That last retort by Anonymous was mine.
Hey, Anonymous! I second the question asked by my beloved servant, Back In PA Mike.
WHAT DO YOU THINK I MEANT BY THAT???
Me and da Holee Ghost got a hundred dollar bet that you don’t have a fucking clue.
PA Mike–It was a tax question, whether it was right for Jews to pay taxes to Caesar. Jesus basic answer, according to the scriptures, was a non answer. Either side could express that the answer was in the affirmative for their side.
Has it been me, I would have said, “You may do as you choose, but as for me, I will serve the living God.”
Maybe one day, the wet dreams of banksters and the politicians they own, will come true.
One day, we will all wake up, and unite our neighbors against the town/city/state governments, and stop paying the taxes and fees, that create the indentured servant class that most of the population inhabits,
but that day is probably going to be after the current idiots in charge have scorched the earth and hopefully got on rocket ships to leave this planet, and return to the lizard alien planet they came from.
now, if there is no such lizard alien planet, filled with banksters, then, my friends, we are fooling ourselves, because the enemy is human, and we are a failed species, responsible for our own extinction.
I prefer to believe that it is the alien lizard species vs. humans.
I just can’t believe those bastards in charge are humans.
pablo–It’s hard to know and speculation is rampant. Was Erich von Däniken right? Are there ‘shape shifters’ among us?
I think everything that has happened can quite readily be laid at the feet of humans. Occam’s razor
Chicago99944–Credit is taking from the future. The Credit game is over, everyone is too much in debt.
NIRP is taking (stealing) from the past. There is wealth there to taken from the depositors.
“The government sees you as a milk cow and when things get tough the government sees you as a beef cow.”–Doug Casey Things are getting tough.
Addendum
PA Mike–It was a tax question, whether it was right for Jews to pay taxes to Caesar.
It was really a question of authority. Who has authority? The government thinks that it has authority over all aspects of your life. God says that He has authority over all aspects of your life.
Which is it? That’s the question.
Jeebus says, “Me and da Holee Ghost got a hundred dollar bet that you don’t have a fucking clue.”
Son Of God–Since you know, I’m waiting for your answer.
Jeebus, Son Of God,
Quit being a contentious, sacrilegious, and obnoxious moron.
If you can.
Homer,
The government (or the Fed in this case) has authority over the things it gives you and God has authority over your life (and soul) and how you should live it.
We are told many times in the Bible to obey the law of the land as long as it does not require you to give allegiance to the government (the King) above the allegiance you give to God (Think everything from Shadrach to Daniel to Paul).
Jesus answering said unto them, “Render to Caesar the things that are Caesar’s, and to God the things that are God’s.”
Now if you have half a brain you would realize that answer requires you to answer another question.
And that is —-Is what you earn yours or does it or some portion of it belong to the government? Because the portion that belongs to the government should be given back to the government according to that statement by Jesus. Then the obvious question then is what portion of you labor or your wealth belongs to the government?
Homer, Seeker of Knowledge, the wise and benevolent one;
I’m kind of swamped right now updating my spreadsheets. It seems there’s an above normal amount of porn watching and masturbation going on on Quardant 2, Sector 2, known to you as California. Archangel Gabe informed me that bb is letting his cat furiously lick his balls. This requires Divine intervention.
But, tell you what, if you ask my Ambassador To Earth, you know him as Stucky, and if you ask real nice, I’m sure he’ll ‘splain it to ya.
Oh, crap!! bb ………NOOOOO!! ……. your cat won’t fit in your anus! Gotta run!! …..
Just say N O! Tell bankers, Hillary THEIR FIRED!
From Barnhardt-Secret Service agents: Hillary is a nightmare to work with
By Deroy Murdock October 2, 2015 | 8:50pm
Modal Trigger Secret Service agents: Hillary is a nightmare to work with
Photo: AP
“Good morning, ma’am,” a member of the uniformed Secret Service once greeted Hillary Clinton.
“F— off,” she replied.
That exchange is one among many that active and retired Secret Service agents shared with Ronald Kessler, author of “First Family Detail,” a compelling look at the intrepid personnel who shield America’s presidents and their families — and those whom they guard.
Kessler writes flatteringly and critically about people in both parties. Regarding the Clintons, Kessler presents Chelsea as a model protectee who respected and appreciated her agents. He describes Bill as a difficult chief executive but an easygoing ex-president. And Kessler exposes Hillary as an epically abusive Arctic monster.
“When in public, Hillary smiles and acts graciously,” Kessler explains. “As soon as the cameras are gone, her angry personality, nastiness, and imperiousness become evident.”
He adds: “Hillary Clinton can make Richard Nixon look like Mahatma Gandhi.”
Kessler was an investigative reporter with the Wall Street Journal and Washington Post and has penned 19 other books. Among much more in “First Family Detail,” he reports:
“Hillary was very rude to agents, and she didn’t appear to like law enforcement or the military,” former Secret Service agent Lloyd Bulman recalls. “She wouldn’t go over and meet military people or police officers, as most protectees do. She was just really rude to almost everybody. She’d act like she didn’t want you around, like you were beneath her.”
“Hillary didn’t like the military aides wearing their uniforms around the White House,” one former agent remembers. “She asked if they would wear business suits instead. The uniform’s a sign of pride, and they’re proud to wear their uniform. I know that the military was actually really offended by it.”
Former agent Jeff Crane says, “Hillary would cuss at Secret Service drivers for going over bumps.” Another former member of her detail recollects, “Hillary never talked to us . . . Most all members of first families would talk to us and smile. She never did that.”
“We spent years with her,” yet another Secret Service agent notes. “She never said thank you.”
Within the White House, Hillary had a “standing rule that no one spoke to her when she was going from one location to another,” says former FBI agent Coy Copeland. “In fact, anyone who would see her coming would just step into the first available office.”
One former Secret Service agent states, “If Hillary was walking down a hall, you were supposed to hide behind drapes used as partitions.”
Hillary one day ran into a White House electrician who was changing a light bulb in the upstairs family quarters. She screamed at him, because she had demanded that all repairs be performed while the Clintons were outside the Executive Mansion.
“She caught the guy on a ladder doing the light bulb,” says Franette McCulloch, who served at that time as assistant White House pastry chef. “He was a basket case.”
White House usher Christopher B. Emery unwisely called back Barbara Bush after she phoned him for computer troubleshooting. Emery helped the former first lady twice. Consequently, Kessler reports, Hillary sacked him. The father of four stayed jobless for a year.
While running for US Senate, Hillary stopped at an upstate New York 4-H Club. As one Secret Service agent says, Hillary saw farmers and cows and then erupted. “She turned to a staffer and said, ‘What the f - - - did we come here for? There’s no money here.’ ”
Secret Service “agents consider being assigned to her detail a form of punishment,” Kessler concludes. “In fact, agents say being on Hillary Clinton’s detail is the worst duty assignment in the Secret Service.”
After studying the Secret Service and its relationships with dozens of presidents, vice presidents and their families, Ronald Kessler’s astonishment at Hillary Clinton’s inhumanity should reverberate in every American’s head.
As he told me: “No one would hire such a person to work at a McDonald’s, and yet she is being considered for president of the United States.”
Hell. Hillary is the Front Runner! Your next POTUS?
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ASIG–Hey! I have half a brain. At least I think I do. It’s hard to think with half a brain.
Anonymous, says, “The government (or the Fed in this case) has authority over the things it gives you and God has authority over your life (and soul) and how you should live it.” Wow! That’s good to know.
Got that compartmentalized pretty well, I’d say.
Anonymous–Obama thanks you, the Congress thanks you, the IRS thanks you, Homeland Security thanks you, the CIA and NSA thanks you, China and Russia thanks you. Did I cover it, Anonymous?
You guys may need to think this thing thru.
I just listened to the 20 minute, “Message to the Voting Cattle”–Larken Rose that was in the Pictorial Essay: Message to the Voting Cattle.
Asig and Anonymous watch it if you dare. Then tell me, again, who I should serve.
I’m not sure I agree that NIRP is a tax, since the Fed has no power (in the Constitution) to levy a tax.
I prefer to think of it as THEFT. Plain and simple, they are STEALING your money out of your bank account.
That should make any banker who does it liable to arrest, trial and imprisonment.