Cash is for Criminals – Taxing Cash Withdrawals from ATMs

war-on-cash

We are entering a very dark phase in this battle to retain our liberty. A proposal now being whispered behind the curtain in Europe is to impose a tax on withdrawing your own money from an ATM. The banks support this measure as a whole because they see this as preventing bank runs.

Nobody will look at the direction we are headed. I am deeply concerned that these type of proposals will send the West in a real revolution not much different from that of Russia in 1917. The divide between left and right is getting much deeper and the left is hell bent on stripping those who produce of their liberty and assets. This type of confrontation is in line with our War Cycle, which we will update in 2017.

This is the most dangerous period we are heading into for governments will respond only in their own self-interest to survive. The socialists hate those who produce. That is just the bottom line. Nobody should have wealth more than they and this is the same human emotion that has cost tens of millions of lives in civil conflicts through out the centuries. Proof this is a persistyent problem is the fact taht even the Ten Commandments state clearly that socialism is wrong: “You shall not covet your neighbor’s house … or anything that belongs to your neighbor” (Exodus 20:17).  Nevertheless, this is repuidiated by socialists who say it’s not fair that anyone has something more than they do. This material jealousy has been the source of so much death throughout the centuries because it has been exploited by the ruling class to justify their theivery.

We will review all our models and update this after the U.S. inauguration since the socialists are trying to figure out how to steal the election from Trump. There is no way to overturn Michigan, Wisconsin, and Pennsylvania without fraud and they need all three overturned to claim victory. This will not end nicely. The divide will only get bigger. The future is anything but stable and safe.

The war on cash is in full swing. The whispers behind the curtain are starting to get louder. The headlines in Australia demonstrate how the press is already conspiring against the people. The new slogan rising is Cash is for Criminals. ABC of Australia ran the story:

Cash is for criminals: Why we should scrap big notes

 

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M. I. A.
M. I. A.

This interesting link was posted by KaD on the To Really ‘Make America Great Again,’ End the Fed! by Ron Paul post. – “The What happened when I tried to take $1500 cash out of Bank of America”

“Yesterday, I went to Bank of America to withdraw $1500 cash. You would of thought I had a sign around my neck saying that I was a heroin dealer.” What happens next is amazing!

http://www.thecommonsenseshow.com/2016/03/25/what-happened-when-i-tried-to-take-1500-cash-out-of-bank-of-america-bank-holiday-is-near/

Persnickety
Persnickety

The linked article is very good and everyone should read it.

However, your comment “What happens next is amazing!” is something to never use again, EVER. That is the kind of fucktard lead-in line used by the worst crappy sites appealing to 80-IQ morons and probably loaded with spyware and trojans. Never say anything like that again.

unit472
unit472

Money is the only ‘product’ a government makes that is valued by its citizens. People will accept and may even prefer digital money as long as they have the option of holding cash. Take that away and the link between money and the state is broken.

The Indian government is finding this out right now. The state and the banking system cannot manage the transition to new currency denominations and the Indian Rupee is hardly a reserve currency. North Korea tried the same thing a few years ago and managed it only because that place is a total police state but even there South Koreans float balloons over the DMZ with real currency attached to them to allow the people of the North some way to store wealth.

It will be interesting to watch if an advanced nation tries this insanity. A power outage, a computer glitch or a deliberate hack could paralyze society as buying anything including tonights dinner becomes impossible.

Suzanna

unit472,
well, your comment is purely brilliant, thank you!

James
James

Tis reason to keep cash in bank to a minimum needed for bills ect.Stock up on whatever you use in life,you have the money/own land outright(except re taxes,a few unincorporated parts in the US with no re taxes)a little in metals/perhaps a good used truck or other equipment/some solar gear/a lot folks would be able to use and thus have “Value”in hand,folks including the govt. might try and steal it,but then,unlike a account is a real battle over property,not a computer key stroke!

Suzanna

sure, well and good, but what about larger CDs and cash in savings?
One can’t go and ask for 25K…they’ll arrest you.
Shit-shite -shite…those basturds intend to strip bank accounts?
Would/will they really dare?

ed_209

Its been done before check history FDR and taking the gold was the last time in USA besides the World Trade center gold vaults being robbed back in 2001. Criminals run our government for the past many years, this thought always disturbs me because who knows what they are capable of, a short stroll through history is not reassuring.

Fiatman60
Fiatman60

Yes Suzanna… they will…..
It will most likely happen on a Friday evening, probably before a long weekend, then on the Saturday, your debit cards will be declined. On Sunday everyone will suspect something is wrong, and by holiday Monday ATM’s will not deliver cash. The bank will issue a statement via the media, that the bank is unable to continue business as usual, and will thank their customers for their continued patience and understanding during this difficult time…….
By Tuesday morning you will know that your bank has folded and there’s nothing that you can do about it, as other banks refuse to lend or honor any checks or any other instruments of debt from that institution.
From there the contagion spreads like wildfire through the whole banking sector.
After the dust settles you check your balance and find anywhere from 10 – 20% less that it was on Friday afternoon. Capital controls will be in effect just like Cyprus and Greece was…….. Count on it!!!

Overthecliff

Polarization is growing. Generally speaking the people on both the extreme left and right are shit full of one another. A few who are addicted to sports and electronic gadgets are even getting short tempered. Maybe I lurk around to man alt right sites but it seems this is coming to a crisis to me. I wonder what the trigger will be?

Llpoh
Llpoh

I just tell them I am going down to the track. Fuck ’em.

Iska Waran
Iska Waran

What do they race down there – kangaroos? Tasmanian devils?

Llpoh
Llpoh

They bet on anything down here. Two flies crawling up a wall. Footraces. Dwarf tossing for distance.

Boat Guy
Boat Guy

Once we lose the freedom of being able to buy sell or trade without government control (approval) all will be lost . I fear the time for action may have already past us by . We have become endentured servants to the state and the state has used our very own wealth confiscated from us to employ the very force we will be crushed by the second we declare ENOUGH THE ANSWER IS NO ! Now comes the apologetic force with the excuse : “JUST DOING MY JOB” as they haul us away to what fate we can only imagine ! I hope I live to see the next Nuremberg trial for state wonks that played the party line rather than protecting and defending their fellow countrymen and the constitution but I fear I will be left to die due to age and health issues but I still stand up and shoot straight for now , I pray I won’t be forced into a situation where I need to again !

deplorably stanley
deplorably stanley

Greek banks propose “tax on cash withdrawals” to combat tax evasion

27 NOV
Posted by keeptalkinggreece in Economy

Greek banks propose a series of measures to combat tax evasion, strengthen the electronic transactions and limit the use of cash in the economy. One of the measures proposed is a special tax on cash withdrawals.

Bankers reportedly stress that cash money can easily and largely be channeled in the black economy. Therefore, a tax on cash withdrawals will drastically reduce cash transactions and by extension the black economy.

The bankers suggest that also credit and debit cards as wells as new technologies enabling contact-less transactions even for small amounts and mobile phones can be used for the purchase of a transport ticket or a newspaper at the kiosk.

The bankers propose to the government, among others:

-Mandatory use of cards or other electronic payment networks for every transaction with professions where there is strong evidence of tax evasion or where cash is mainly used [ like bakeries, kiosks, street vendors and chestnut sellers?].

-Mandatory use of cards or electronic networks for transactions above a certain amount [this measure is already in effect].

–Reforming the tax system by introducing a revenue-expenditure system. Households or professionals will only be taxed on the amount of income that is has not been spent. In this way, households and professionals will have a strong incentive to seek receipts for any expenditure in order to increase their expenditure and reduce the tax amount they will have to pay.

-Obligation for all businesses and regardless of their size to pay electronically every salary and wage. (source: Kathimerini via Liberal.gr)

Greek banks propose “tax on cash withdrawals” to combat tax evasion

Jack
Jack

Without untraceable cash, government officials cannot be bribed.

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