Guest Post by Martin Armstrong
The reason there is a shortage of cash developing around the world is rather straight-forward. The trust in the government is collapsing. Italy has just lowered the legal amount someone can pay for anything in cash from €3000 to €2000. Australia made it a criminal act to pay for anything with A$10,000 or more (US$7,000). In Switzerland, the limit on cash you can withdraw from an ATM is CHF5,000. In Germany, the limitation is typically €1000. Greeks abroad will be able to withdraw up to 5,000 euros ($5,800) a month.
In the United States, the US Treasury says the pandemic has significantly disrupted the supply chain and circulation patterns of US coins. Additionally, the US Mint has been printing fewer coins to protect its employees from COVID-19. The World Health Organization (WHO) has not advised banning paper money, but it has stressed the need for handwashing after touching cash, which is a subtle caution that money should be limited. Some central banks are deploying measures to sterilize paper money with heat or UV light. Even the Fed began a seven to 10-day quarantine for United States dollars returning to the country from Europe and Asia.
It is very clear that governments are trying to paint money as dirty, and the solution is to eliminate physical money, despite the fact that it has been in use since about the 7th century BC. All of a sudden, it is a danger after 28 centuries. This plays nicely into the Socialist’s dream to control everything!
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Better start hoarding real money, aka gold, silver, and leaded copper…cash is just FIAT once SHTF. Toilet paper will prove more valuable and useful.
how are the employees of the us mint in any more danger from china flu b/c of handling the raw materials used to mint coins as opposed to military people who handle ammo or people in the irs who handle papers?
Remember back in the days when the big fear was handling bills due to cocaine residue?
What will I do with the cash stashed under the mattress?
You can send it to me if you want. 🙂
I do magic tricks with it by turning paper into metal.
Still working on the water to wine thing, though.
Bury it in the backyard and disguise it as a sewer drain clean out.
I seem to recall there was a short time the hysteria over AIDS included disease transmission through physical currency exchange also. Sometime in the ’80’s.
Yeah, like the “spores” that AIDS carriers emitted.
Soon there will be a time when old cash will have an expiration date for being valid and usable. It will be a digital card that makes it easier to control people. I remember years back the Chinese held so much U.S. debt they went around buying land and other real things that were worth something. Rather than the worthless dollar. Its something to think about.
Got a popcorn can filled with pocket change, coins are a nuisance with the price of living. I will hang on to it knowing that it is actually worth something. We are being played by the globalist, I paid my taxes last week because of the Covid-19 delay with my accountant and remarked that it’s a punishment since they print money at will. They shrugged knowing that it was true, but they are just making a living. The shit that is about to happen to citizens is going to be beyond imagination, America has been dumbed down and we will have our just desserts!
I’ll prefer to give whoever their just desserts because I haven’t done anything to them or anybody else but I will be very happy to if need be.
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