Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
caseyresearch.com / Justin Spittler / February 26, 2016
Say goodbye to financial privacy.
If you’ve been following the financial news, you’ve probably noticed a disturbing trend.
Governments and their lapdogs in the mainstream media want to eliminate paper cash.
The reason is simple. As a Casey reader, you know world governments are using extremely dangerous policies in an effort to stimulate their economies. They’ve printed trillions of currency units. They’ve borrowed trillions more. Their latest scheme is “negative interest rates.”
All of these crazy actions are a desperate attempt to get you to spend money. Mainstream economists wrongly believe that spending is the key to prosperity. By printing money and using negative interest rates, the government is punishing you for saving money. It’s hoping this will get you to spend more.
Holding paper cash lets you “opt out” of these horrible policies. If you hold paper cash outside the bank, banks can’t charge you a negative interest rate (likely disguised as a “fee”) for saving money. And if you hold paper cash outside the bank, governments can’t track your every financial move. This makes it harder for them to monitor and control you.
• Many governments have made large cash transactions illegal…
Italy and France recently banned cash transactions over 1,000 euros. Spain has banned cash transactions over 2,500 euros. Russia has outlawed cash transactions over $10,000.
The post How to Protect Yourself from the “War on Cash” appeared first on Silver For The People.
Thanks to BrotherJohnF