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By Jeff Thomas
Back in 2008, I began warning of increasing capital controls that we would see in the future, as a component in the decline of Western economies (Western in the broad sense, including Japan, Australia, etc.)
Along the way, it occurred to me that, at some point, governments might collectively attempt to eliminate paper currency in favour of an electronic currency - transferred from party to party solely through licensed banks. Sound farfetched? Well, maybe, but what if the U.S. and EU agreed on an overall plan, then suggested it to other governments? On the face of it, this smacks of conspiracy theory, yet certainly, all governments would benefit from this control and would be likely to get on board. In fact, it might prove to be the only way out of their present economic problems.
So, how would it play out? Here’s roughly how I saw Phase I:
- Link the free movement of cash to terrorism (Create a consciousness that any movement of large sums suggests criminal activity.);
- Establish upper limits on the amount of money that can be moved without reporting to some government investigatory agency;
- Periodically lower those limits;
- Accustom people to making all purchases, however small or large, through a bank card;
- Create a consciousness that the mere possession of cash is suspect, since it’s no longer “necessary”.
When I first wrote on the subject, there was considerable criticism as to the possibility that such a programme would ever be attempted, let alone succeed. And, granted, it was so Orwellian that it was understandably seen as a crackpot idea. But since that time, the programme has been developing extremely rapidly. In the last six months alone, it has become so visible that it has even garnered a name - “the War on Cash”.
References in the media have been made that terrorist groups fund their attacks with cash. Dozens of countries have placed limits on the maximum amount of money that can be moved without reporting. Some, notably France, have already begun lowering their limits. Banks in some countries, notably Sweden, are already treating all cash transactions as suspicious. The previously theoretical Phase I is now well under way.
This issue has expanded more quickly than I’d anticipated. Clearly, the governments that are forcing it into being are running out of time. There can only be one reason why they’d rush a programme that normally would be given more time for people to accept, and that’s that they see a crash coming before they can get Phase II of the programme underway.
Although most anyone who’s paying attention recognises that Phase I is in motion, Phase II (as I perceive it) is not yet on the radar, but I believe it will be soon. Phase II will be the second wave of measures and they will be more draconian than Phase I:
- Create a definitive false flag event that demonstrates how physical cash is the primary means of funding evil acts in the world;
- Declare a date on which paper currency will become illegal (Until that date, it can be deposited into a bank. After that date, it becomes criminal to possess it.);
- Once all cash has been deposited in banks, increase negative interest rates;
- Confiscation of deposits can then be implemented, as desired, by banks (Confiscation of deposits is already legal in Canada, the U.S., and the EU.);
- Confiscate contents of selected safe deposit boxes;
- End “voluntary” taxation. All taxation will, in future, be by direct debit;
- Declare money to be the property of the State that issued it. (The people are allowed to trade in it, but it is not truly theirs. The State therefore can freeze or confiscate the funds in any account, if any crime is “suspected”.).
In recent months, I’ve warned repeatedly that, since confiscations of deposits will take place, we must assume that banks will additionally raid safe deposit boxes, as stated in the above list. Some banks, beginning with JPMorgan Chase, have placed limits on what forms of wealth can be placed in safe deposit boxes. Since then, Greece has taken this one step further. In future, Greek citizens will be required to declare cash exceeding €15,000, jewellery and precious stones valued at over €30,000 and declare the location of the safe deposit box in which they’re stored.
The declaration is fraught with difficulties for the depositor, as he bears the obligation to accurately appraise each item. Should authorities disagree with the appraisal of, say, Grandma’s diamond brooch, the depositor would be suspect and may face confiscation.
State Wealth Control
Once Phase II is completed, state wealth control will exist. And, again, this prediction will seem at first glance to be Orwellian - a mere fiction. But then, less than a year ago, the War on Cash was regarded by only a few as being even within the realm of possibility, let alone right around the corner. And so it is with Phase II. Now that Phase I is in motion, it’s accepted as an unsettling reality, but Phase II is the obvious sequel.
If you have cash in a bank, you think of it as your own. This is not the case. It’s wealth that you’ve loaned to the bank. In the future, the bank (with governmental approval) will have the power to decide if and when they will return all, or a part, of that cash to you. They will set the rules as to how that decision will be arrived at and those rules will be changed periodically. Since those rules will be arrived at by the banks (without need for your consent), the outcome will most certainly not be in your favour.
Those who read this statement might react in one of three ways:
- “This can’t be happening.”
- “Okay, it’s happening, but there’s nothing I can do about it. It’s global.”
- “There must be something I can do to keep from being robbed.”
The first group will be the largest. They will freeze up, do little or nothing, and become victims. The second group may complain and even struggle a bit against these developments, but won’t prepare sufficiently and, ultimately, will also become victims.
The third group will seek alternatives, and here’s where the light appears at the end of the tunnel. Yes, this effort will be international, but it won’t be fully global. There will be those jurisdictions that, traditionally, have not been willing to fall into line with the world’s foremost powers. They will not wish to go off the same cliff as the others and will take a different tack. They will be the recipients of those people who seek to escape the collapsing system. But, more than ever before, time is limited; the window is clearly closing.
Escape from Confiscation
The solution is surprisingly simple, although it will take work and dedication:
- If you’re a resident of any jurisdiction that’s presently going down this road, move your money to a jurisdiction that has a consistent history for stable government, low (or no) direct taxation, and minimal interference or regulation over wealth;
- Convert your wealth into those forms of assets that are hardest for rapacious governments to confiscate (foreign-held precious metals and real estate);
- Create an exit plan for your own physical escape, should it become necessary.
Editor’s Note: The War on Cash and negative interest rates are radical and insane measures. They are a sign of desperation.
They are also huge threats to your financial security. Central planners are playing with fire and inviting a currency catastrophe.
Most people have no idea what really happens when a currency collapses, let alone how to prepare…
How will you protect your savings in the event of a currency crisis? This just-released video will show you exactly how. Click here to watch it now.
Austrian Economics = Real Economics
Jesus Was Libertarian Not A Liberal
Jesus Was Libertarian not a Liberal
By Delwyn Lounsbury - THE DEFLATION GURU
Jesus was libertarian not a liberal. Libertarian is adherence to small government, freedom and free enterprise. To do no harm or fraud to others - To follow the golden rule - To do unto others as you would have them do unto you.
Libertarians believe in freedom of thought, expression and action along with keeping a military for defense only. They want to keep government small and they even want to contract most of it to the lowest bidder.
In the 2012 US presidential race, Ron Paul (Republican, Texas), was actually the only libertarian thinking candidate. Notably, Ron Paul was the only candidate who knew the difference between military spending and defense spending.
200 years of a big government inflation scheme by an evil cartel of Anglo American financial elite central banking families has pushed the world to the brink of economic turmoil of over 100 years of credit inflation which will now become a credit deflation crash in your Greater Depression. This excess credit inflation, central bank fraudulent fiat monopoly money and fractional reserve banking allowed government to grow into a LEVIATHAN - a bloated behemoth bashing business freedom and liberty and threatening to become an all controlling "Big Brother."
"As government expands - liberty contracts" by Ronald Reagan
Libertarians believe in having a small army and police force for protection not to beat up the rest of the world empire building.
Rome caused its own demise by watering down its money and trying to be policeman of the world. This corrupting its morals and will and brought on Romes collapse at the hands of barbarians. Remarkably, Emperor Constantine kept the gold coin pure when he moved what was left of the Roman Empire to Constantinople (now Istanbul). That helped them last another 500 years until they were finally defeated by the Moors.
Support the constitution! Lobby for private gold back money. Vote for conservative candidates and de-fund big government. Our only defense is to stop the growth of government. Obama the new dictator is trampling our constitution, derailing the economy and eroding freedom and the American Way.
That is what Jesus stood for. Freedom of religion meant not to be required to join a religious sect. Liberty allows people to worship as they wish and not be fed to the lions in Rome's Coliseum. Jesus was libertarian and he gave his life for ideas of freedom and free choice. We should be looking up to his courage in the face of pressure from both Rome and the Jewish Church at the same time.
The Bible has instances where Jesus stood up as a symbol of free will and finally a martyr for that free will.
There was the worker hired late in the day that got the same pay as the rest. He helped get the project done on time - pay him well. Matthew (20)
Jesus was asked if they should pay taxes to Caesar. He says Caesar's face is on the coins. So, "Give to Caesar what is Caesar's, give to God what is God's. Mathew (21:22)
The adulteress. Jesus said who will be the first to throw a stone. No one did. John (7:8)
Jesus tips over the money changers tables saying "My house is a house of prayer, but you are making it a den of robbers." Matthew (21:22) and Mark (11:15)
Love your neighbor as yourself. (Matthew 22:39)
Do unto others as you would have them do to you. (The Golden Rule) (Matthew 7:12)
Oppose both the Democrats and Republicans when they pass increased taxes and more rules and regulations and gravitate toward one world government and the United Nations, NATO, the World Bank, the International Monetary Fund, the International Criminal Court and similar globalist facilities and institutions.
Become an active voice at all levels for smaller government and a reduction in taxes. President Obama's plan to grow the power and control of government through huge government controlled unconstitutional ObamaCare (a scheme for rationing, euthanasia and more TAX) is exactly the opposite of what Jesus would have wanted. Government "investments" never pan out and are Marxist!
President Obama and the Democrat's liberal progressive idea of socialism with more big government control and regulation will only result in the taking of your freedom through higher taxes. Socialist Obama is a communist, a Marxist a socialist and is fast becoming a fascist dictator. You should now be having heaps of buyer's remorse about electing someone that wants to hurt American freedom, liberty, and free enterprise and to undermine our Constitution.
It's hard to admit you were led astray. I know. Obama wants to ruin our constitutional values and liberties. He is packing the courts with socialist left leaning judges. He is instigating tax the rich class warfare right out of the communist manifesto. We have got to stop leftist Keynesian socialists in the name of our founding fathers. Obama has got half the world calling communism "fairness," "sustainability,"
and "citizenship." Right out of the Marxism/communism 101 textbook.
George W. Bush had blinders on. All he could think about was to protect America from another 9-11 attack. A war on terrorism, which is a misnomer - it's a war on terrorists. One cannot have a war on an idea. Government got bigger and our liberty shrank with passage of the unconstitutional Patriot Act!
Now, President Barack Hussein Obama keeps claiming the Republicans drove the economy into a ditch. Well then it seems the Democratic Party is out to strip the whole car - I mean economy. Some new grand theft auto meets end freedom forever game. All we had to do was pull the economy out of the ditch. Not part it out and sell it to China.
Only once before has a government official got this intrusive and destructive. That occurred when fascist President Franklin Delano Roosevelt was office. The New Deal was the start of the sorry socialism we have today. Today unemployment leads to more unemployment in a vicious cycle like a snowball rolling down a hill. The world is in a deflation economy and Greater Depression. The depression started 2000 with the dot com stock top and bust and may not end until 2016-2018. At that time asset prices may be down 90 percent and unemployment may be 50 percent.
See my site http://www.deflationeconomy.com to see how to survive and get rich in the coming Greater Deflationary Depression.
President Barack Hussein Obama, "The Downgrade President," will be happy to know that he is only the second most destructive political figure in American history after FDR.
A new book out by Dinesh D'Souza, “The Roots of Obama's Rage” (2010), and his 2012 movie, "2016 - Obama's America," claim President Barack Hussein Obama Junior's father, Barack Hussein Obama, Senior was an alcoholic socialist communist and anticolonialist from Kenya Africa. Obama Senior wanted Europe and the West to pay for taking advantage of the third world and taking natural resources. Obama Junior's self-written autobiography is titled "Dreams from My Father." So, anticolonialist, socialist and Marxist Barack Obama Jr. absolutely wants to weaken the U.S. Don't try and tell me something different. Junior’s anticolonialist father’s dreams are becoming our nightmare.
All the quantitative easing by the Fed (QE1 of 1.2 billion dollars) and (QE2 of 600 million dollars) thrown at our economic problem will evaporate. Lower taxes letting business grow and hire would help but not stop the deflation. You cannot stop a pendulum from completing its swing. The elite have most of their money in American dollars. They don't want to ruin the value of their dollar holdings. The dollar will be strong. We are in deflation and the Greater Depression. Inflation is not coming back soon!
Read, “The Creature from Jekyll Island” 1994, by G. Edward Griffin. It is about how the Zionist Anglo American financial power elite (Banksters I call them) secretly hatched the Federal Reserve Bank plan in 1913 to do in America. The plan was to bring the once strong and powerful America down by ruining both its money and its morals. Both political parties are in on this new-world-order/one-world-government conspiracy, by the way. Chapter 2 of Griffin's book is "Bailouts - Name of the Game". 1994! The book also predicted how the one-world-government bunch would use wars, climate change and economic calamity as a smokescreen for taking your freedom and liberty. You and I have been duped by the mega rich elite central banking families.
I am a card carrying Libertarian. I am for small government and freedom but have a small army for defense. Again, do no harm or fraud.
Jesus was a libertarian. He was not for making Rome bigger and more controlling like today's progressive leftists want. Maybe you should join the cause of free enterprise and private gold backed money. Big government is a leech sucking all the vitality out of the economy. Depression dead ahead!
Do you want someone telling you and your children and your children's children what to do, where to work and what to think? Wouldn't it be better to stop the power elite from becoming "Big Brother." Work at making government smaller and less intrusive.
Before Roosevelt took office government was only 9% of the economy. Now, it's one third. It's a big cancer that politicians thought they could pay for with inflation, financial repression and fiat money. Until now! Cash will be king in deflation and the depression that may not end until 2016-2018.
Obama got the Nobel Peace prize and the one million dollars that comes with it in his first few months in office. Why? He had not done a thing yet. Here's a $ 1 million. Now, go beat up America, the constitution and American business until they just freeze up and give up trying. Then let new-world-order/one-world-government groups like the International Monetary Fund, the World Bank, the United Nations and cap-and-trade organizations take over. Obama got paid up front by the elite for one-world-government wet work he would do later in his term.
Obama's policies will only make the pendulum swing further to deflation and delay a recovery. Do the world a favor and go Libertarian or Independent. Obama's latest Nazi fascist policies include: Ignoring two U.S. Judges who ruled that ObamaCare is unconstitutional, forging his birth certificate, ruling DOMA - Defense of Marriage Act unconstitutional by not abiding by the War Powers Act in the military action in Libya, the murder martyr of Osama bin Laden (the last time I looked "Thou shalt not kill" was still one of the 10 Commandments) and now hiring a leftist media czar, Jesse Lee, on the taxpayers dime to spin-doctor any adverse media coverage leading up to the 2012 presidential election.
Let's make sure money is privately controlled and backed by gold or we get a nasty hyperinflation (after 2018). Keep government and central banks away from fiat money creation. They are the modern day money changers. No wonder Jesus was libertarian.
Copyright by Delwyn Lounsbury - THE DEFLATION GURU
Use of this article allowed with attribution back to:
Join Club EWI and get your FREE "Understanding Deflation" downloads - How to survive and get rich in the coming Greater Depression - CLICK ABOVE LINKS NOW! HURRY THE CRASH IS COMING!
I am an Eagle Scout who is loyal, truthful, honest and trustworthy to you. “Be Prepared” is the Boy Scout motto. Isn't it?
You can learn more about the planned Hitler-like one-world government SOCIALIST dictatorship - a 100 year old insidious takeover plot by inter-generational central banking elite - at my new site http://www.one-world-government.org Hurry your and the worlds survival is at risk!
This man Joseph Sheridan wrote a book "Jesus Was A Liberal" 444 pages! - What has politics got to to with faith in God. He never answered back when I wrote him back that I thought Jesus was libertarian not a liberal and when he learned I was not a Republican.
Because - no way was Jesus or any of his followers in favor of a larger and more controlling Roman government or all the Jewish money changers whose tables he overturned twice. That is my point. That is the problem today. We have a top heavy government that private enterprise can no longer support at these extreme levels of taxation. Fearful businesses are freezing up and giving up.
All World Governments have been living on inflation for all these years. Spending more than they brought in thinking they could pay back what they borrowed with inflated dollars and their own currencies watered down and worth less and less every year. Real estate didn't go up in price. The value of the money went down. Now with disinflation that is stopped cold. It's reversing and turning into deflation and the Greater Depression. Robert Prechter says he now sees a 7.25 year cycle in America. Meaning the stock market may peak here this Fall and drift lower. Then the big drop and the time people finally realize the Greater Depression is real will be 2012 with a bottom in 2016 - 2018. Most assets will have lost 90% of value by then and unemployment will be 30%. Then the rich will buy back all those assets. Cash is King in a deflation.
Even the supreme court ruled last month that Obamacare was a tax. Taxes are actually disguised inflation.
The deflation economy is too powerful. No matter how much money the government tries to throw at the problem, deflation just wipes out trillions more. Helicopter Ben Bernake is now planning QE2 (Quantitative Easing 2). This will be monetarist stimulus of outright purchases of government bonds to the tune of $75 billion a month totaling six hundred billion dollar on top of the $1.2 billion from QE1/ Interest rates are at zero. So, this is one of the last arrows in the Fed's quiver to try and stall the deflation.
5 year TIPS, (Treasury Inflation Protected Securities) actually sold 10/25/2010 at a negate .55% return rate. How crazy is that? Why even buy inflation protection when it is deflation protection that is needed? Everyone still thinks inflation will come roaring back. It will not. Not for year anyway.
Jesus was Libertarian. Not a big bullying bastardized bureaucracy.
From: Joseph Sheridan <firstname.lastname@example.org>
Sent: Sun, Oct 17, 2010 9:46 pm
Subject: Re: Why In The World Is President Obama Bankrupting America?
Sir: You have it wrong. The Republican Party since Reagan's presidency have placed our economic condition in jeopardy. Reagan came into office with a debt accumulated by the previous 39 presidents of $900 billion.
As a candidate, Reagan promised he would rid the nation of this debt within the first term of his presidency. I am sure that was his intent, however, it was a promise he could not fulfill. After eight years in the Oval Office, Reagan left his successor, George H. W. Bush a debt to-tallying $2.7 trillion. Bush left office four years later and he also left a debt of an additional $1 plus trillion. Then the wars in Afghanistan and Iraq which were not budgeted and, indeed, were off balance sheet conflicts costing the American tax payer trillions more. These figures do not include the trillion his administration's failure to manage the brokerage houses, the banks. the insurance giants--which all together came very close to destroying our entire economy.
When Bush left office while all the bills for the wars in which he engaged this nation had not been calculated and so much of the costs were involved in fraud, bribery and the like, our debt was at a minimum over$10 trillion. The financial crisis caused by his, his father's and the Reagan administrations' failure to perform their constitutional obligation of oversight, forced the government prior to Bush's departure to invest $800 billion in our "too big to fail' banks, our giant brokerage houses and massively indebted insurance companies paying absurd prices with their policy holders' money on real estate agreements not worth the paper on which they were written!
You sir, are a liar when you blame Obama for the ineptitude of the Republicans who were in the White House and for a majority of this time in control of Congress. Either that or you are just plain ignorant!
This is the most important election in modern times and to put back into office the brainless crowd that nearly bankrupted the country from 2001-2009 is the essence of insanity!
JOSEPH A. SHERIDAN
President and Publisher
J. A. Sheridan, Ltd.
AUTHOR: JESUS WAS A LIBERAL/A blogger's Bold Opinion on Politics and Religion
From: "DelwynLounsbury@aol.com" <DelwynLounsbury@aol.com>
Sent: Sat, October 16, 2010 6:38:11 PM
Subject: Re: Why In The World Is President Obama Bankrupting America?
Concentrating on helping business grow in a free market would have been much better. As government debt has grown 20% to. Individuals have paid down 10% of there debt. Meaning taxpayers are saddled with more debt that may never be paid down. Socialism never works. Bigger government through Obama still is a loss of freedom. He is definitely heading us toward one-world government. People are told what to do and what to think. Tyranny. This is a 100 year conspiracy. Obama inherited problem. Yes. But, his bunch growing government can only lead to a fascist state. The Long Cycle is going to happen anyway. 30% unemployment still coming. Mark my words.
Copyright 2010 by Delwyn Lounsbury - THE DEFLATION GURU
Rights to use this article are allowed with attribution back to"
In a message dated 10/16/2010 11:39:23 A.M. Pacific Daylight Time, email@example.com writes:
You, Sir, have hit the proverbial squarely the thumb! When Obama inherited the mess left by George W. our debt had increased to at least $10 trillion.
Obama was forced to rescue the economy from falling into bankruptcy by pouring large sums of money to save us. Had he not, unemployment would have reached 25%, major corporations would be gone under and banks worldwide would have fallen into a deep red ocean of ink.
You are not an economist. You, Sir, are a propagandist!
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