Tag: aboilshing cash

Why Uncle Sam Really Hates Cash

From Peter Reagan at Birch Gold Group

Created by the Federal Reserve, the FedNow instant payment system went operational on July 20, 2023.

If you’ve ever sent a wire, ACH or e-check through a bank, and were frustrated that it took up to five business days to clear, that problem may be solved. At least, that’s what the Fed’s description of the service says:

It is available to depository institutions in the United States and enables individuals and businesses to send instant payments through their depository institution accounts. The service is a flexible, neutral platform that supports a broad variety of instant payments. At the most fundamental level, the service provides interbank clearing and settlement that enables funds to be transferred from the account of a sender to the account of a receiver in near real-time and at any time, any day of the year.

Has U.S. banking finally moved into the 21st century?

Maybe so. But like any service developed by federal institutions, there’s likely a lot more going on under the surface.

Continue reading “Why Uncle Sam Really Hates Cash”

Abolishing Cash – New Age of Economic Totalitarianism

Guest Post by

Euro Bank Notes

Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking and that now leads us to the totalitarian approach coming from Brussels. To maintain the euro, they must maintain the banks. But the bank reserves are debts of all member states. As government becomes insolvent as in Greece, the banking system is undermined. The only way to prevent the banking collapse is to prevent people from withdrawing cash. Hence, we see this trend is surfacing in all the mainstream press to get the people ready for what is coming after 2015.75 – the elimination of cash. We are starting to even see this advocated in parts of Germany. We will not be able to buy or sell anything without government approval. That is where we are going and this may be the major event that erupts after 2015.75.

TigerVsheep

Sheep HerdThe bail-in that took place in Cyprus managed to get away without bloodshed. The people just took it. This has encouraged governments everywhere that they can now safely do the same thing and the people are like sheep – dumb and stupid. Just how much will society take before they say no?