The Coming Cashless Society/Greek Tragedy

Electronic-Euro

Now you are watching newspaper and TV shows all preparing the public for the coming cashless society. This is a marketing campaign and this may be indeed what October 1st, 2015 is all about – 2015.75. I doubt that the USA will be able to move to a cashless society as easily as Europe. The dollar is used around the world and cancelling that outstanding money supply would bring tremendous international unrest. Additionally, the USA is not in crisis financially as is the case in Europe.

Europe, on the other hand, has an entirely different problem. The failure to have consolidated the debts of member states meant the reserves of the banks were constituted of a politically-correct mixture of debt. Instead of fixing the problem, politicians who are lawyers always move one step forward with laws. To them the logical solution is to eliminate cash to protect banks from a panic run that would collapse Europe and take Brussels with it.

This is a deliberate marketing campaign now. I know who these things work and just pay attention. They are selling this idea everywhere and that is the preparation for the inevitable action. With the speed at which they are moving, it certainly appears they are gearing up for October 1st on out model. It is also interesting that some German press misquoted our date as October 17th. I was not sure why they would do that, but perhaps that was intentional as well. This is very curious for when they take that final step, it will most likely be sudden and overnight. This would announce it and give everyone some time period to take your paper currency and deposit it into you bank account.

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DO I SENSE SOME FEAR?

It seems the Wall Street geniuses and their HFT supercomputers are getting a little worried. But they have MBA degrees from Harvard, so they are smarter than the rest of us. They’ll know when to exit before we do. They won’t be paralyzed like a deer in headlights. Right?

The Dow and S&P 500 are only 3.5% off their all-time highs. But the Russell 2000 is now down 10% from its high. The Dow and S&P 500 haven’t had a 10% correction in three years. QE is finished in the next 30 days. The Fed spigot is almost closed. The high IQ crowd on Wall Street need to assess whether the stock market has simply been pumped up with free money from the Fed or whether it has risen on sound fundamentals. 🙂

The big swinging dicks on Wall Street know what they are supposed to do.

BUY THE FUCKING DIP!!!!

It has worked for the last five years. Why shouldn’t it keep working? Go ahead and buy the fucking dip punk. If you feel lucky. What’s the worst that can happen?