Banks can slowly rob account holders through a cashless agenda and negative interest rates.
You stand at a fork in the road:
In one direction, your money stays safe.
In the other direction, your money could get slowly taken from you by banks and any Government.
McAlvany ICA shines a light on the big way “they” could make cash irrelevant:
The Fed and the banks would like to make holding cash and gold as difficult and inconvenient as possible. The goal is to have those funds deposited in the banking system where they will be subject to negative returns.
Cash and gold can be held outside of the traditional banking system, so that makes it hard to track by a Government or the central banks.
But Central banks and Governments want to impose a wealth tax down the line, so starting in the U.S. there are 3 ways they plan to start “stealing” your assets:
- They want you to convert everything into traceable deposits or assets, so they know exactly where your money is (and so they can tax it when they want).
- They want to make safety deposit boxes harder to put cash or gold inside, so you can’t “hide” your money from “their” system.
- Impose negative interest rates that make you pay if you keep money in the wrong bank (already happening in Switzerland).
So if cash were ever made a “thing of the past,” then any Government and central bank could force you to keep your money in their system, and they could track it.
All so they could tax your hard-earned money to death or even use it to “end recessions faster” by imposing negative rates.
Let that sink in for just a second. “They” want you to pay to keep your money in a bank so they can rob your account at any time to end a recession faster.
Like the Great Recession of 2008, which they caused.
On top of that, negative rates have already taken people’s pensions and could bankrupt others if they do it again, according to SGT Report:
These idiots fail to comprehend that negative interest rates have wiped out pensions. The instruction manual for life was to save for your retirement to be able to live off the interest of your savings. The problem was, those days were based on 8% interest rates. Moving negative will not force people to spend, it merely bankrupts the people.
In Switzerland, negative interest rates of -.75% have already been happening since 2014. But the most chilling part from the newest IMF report claims “deeper” negative rates can happen quickly, and whenever “they” want (emphasis mine):
The central message of this paper is that with readily available tools a central bank can enable deep negative rates whenever needed—thus maintaining the power of monetary policy in the future to end recessions within a short time. This paper demonstrates that a subset of these tools can have a big effect in enabling deep negative rates with administratively small actions on the part of the central bank.
So, if this monetary policy were implemented at your bank in the future, they could potentially rob your account “whenever needed” just to “end recessions within a short time.” All with only “small actions” necessary to get the “robbery” started.
Not good at all.
But for now, keeping some paper cash around can help. That said, the IMF is already tightening the noose by suggesting that “large-scale storage outside the home” be “directly prohibited.”
The bottom line is it’s critical you start to explore your options for keeping your money safe and out of “their” hands while there is still time.
How to Keep Your Options (And Exits) Open
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