The Cashless Society

The Governments want a cashless society for several reasons, the first is to combat tax avoidance, and the second is to drive business and fees to the debt-riddled banks. And the third reason is a form of silent hatred, it’s envy, they want to become rich but they don’t really want any of the citizens being like them, wealthy. It forms a social competition they don’t like.

Of course, once the rules and regulations and the taxes and impost and fines and fees are all in place, one winds up with a cashless society anyway, as everyone is so broke they don’t have any cash, like in Spain say, or Greece where old age pensioners are eating from garbage dumpsters.

The EU are just about to change the rules and the maximum you will be able to take out of the bank in one go will be Euro 500. In part, it’s about holding the money in the banks in case there is a run on the banks in the future. And it is to do with money for the credit card machine companies. Little businesses that don’t qualify for a debit card terminal will be out of business.

So your money will be in Barclays Bank say, who were fined $250 million for fraud, or perhaps you’d prefer UBS who were fined $1.5 billion for fraud, or Goldman Saks–fined 500 million for fraud, or the Royal Bank of Scotland, who are not very royal at all, they also got fined for fraud. The list of fraudulent banks is endless, the list of banks that have not been caught as yet is much shorter.

My thoughts are take some cash out before the rules come in, and then use the rest of your spare cash to buy gold. Eventually the governments may go after the gold but we’ll face that when it happens.

Leaving large sums of money in the bank is dangerous, they are all close to bankruptcy and the government can close the banks over night. Their idea is to make sure that if there is a run on the banks, you won’t be able to get your money out. NatWest in the UK, closed for five days two months ago, they said it was a computer glitch, which was a load of cobblers, because they took money in, they just wouldn’t pay it out. The truth probably is that they ran out of money and needed a few days grace to catch up.

It is very suffocating, but you have to brace yourself and act wisely, this is the reincarnation of Hitler, not as a person necessarily, but as an ideal, the philosophy of control. Control is a form of hatred because it is a type of imprisonment.

As the governments go broke their karma is also to become cashless, and while they may look to more and more ways of capturing people’s assets, in the end, they will fall from power, and become nothing once more.  But it is a very good idea to dispose of assets that you don’t really need, and stash the loot someplace.

Stuart Wilde www.stuartwilde.com