The War on Cash is Coming to America....You can Bet on It!

In defense of killing the $100 bill

War on cash to pump up silver, wine, art, gold: James Saft

The Global Run On Physical Cash Has Begun: Why It Pays To Panic First

The bigger problem is that in all countries that have launched NIRP, instead of forcing spending precisely the opposite has happened: as we showed last October, when Bank of America looked at savings patterns in European nations with NIRP, instead of facilitating spending, what has happened is precisely the opposite: "as the BIS have highlighted, ultra-low rates may perversely be driving a greater propensity for consumers to save as retirement income becomes more uncertain."

DYI Comments:  Eight years of sub atomic low interest rates with world wide Central bankers throwing caution to the wind with multiple QE, has done nothing more than "jack up" stock, bond, and real estate markets around the globe.  It has done nothing to enhance job creation.

Distorted not just the U.S. economy but the world economy as a whole.  You have blown your 3rd bubble; its going to go bust.  Why??  You made a bevy of bad loans and even today you are technically bankrupt.  The bankers solution is to legalize an immoral act of stealing from your everyday citizen by intentionally depreciating your currency so you can "make good" on loans you knew were crap.

Fiat money and fractional banking must end.  This is our 4th central bank.  We need to end the Fed and go back to honest money.....And by the way....Section 8 of the U.S. Constitution states:

"To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;"

How in the world did we end up with so called "cash?"  It is not currency but a debt instrument as there are bills, notes, and bonds.  The paper in your wallet or purse states:  Federal Reserve Note.

This has been nothing more than a perversion of our Founding Fathers intent by a legalistic loop hole with the full intention to debauch(inflate) our currency.  Now the Fed's are discussing negative interest rates in their effort to maintain a continuous banking bailout.  Our citizens will hoard cash(Federal Reserve Notes) reducing further the velocity(turn over of money) depriving the banks of their bailout.  So lo and behold the war on notes(cash) is coming to America.  Already articles have already been written calling for the demise of Ben Franklin(100 dollar bill).

Scrap the $100 bill and make life tougher for criminals, Larry Summers says

All for the protection of the public or so they say.  What BS!

DYI