Latest topics
» POOPness for JAN 16: TRUST FUNDS CLEARED IN ACCOUNT - PSYCH! SEND ME MORE DONATIONS SUCKERS!
IMF Plans For Cashless Society Disclosed EmptyToday at 11:44 am by PurpleSkyz

» UFO News ~ INCREDIBLE UFO FOOTAGE CAPTURED OVER TULARE CA plus MORE
IMF Plans For Cashless Society Disclosed EmptyToday at 11:15 am by PurpleSkyz

» David Shilcock & Graham Hancock - Archaeology Discoveries How Are These Things Even Possible
IMF Plans For Cashless Society Disclosed EmptyToday at 11:08 am by PurpleSkyz

» #QTard Drama Theater - An Introduction to Q plus more
IMF Plans For Cashless Society Disclosed EmptyToday at 11:03 am by PurpleSkyz

» 5 Extraordinary Examples of How The Butterfly Effect Has Changed History...
IMF Plans For Cashless Society Disclosed EmptyToday at 10:58 am by PurpleSkyz

» Proxima Centauri may Host a Second Planet, a Super-Earth Six Times the Mass of Earth
IMF Plans For Cashless Society Disclosed EmptyToday at 10:42 am by PurpleSkyz

» 7 major Earth changes that are happening right now that everyone needs to know about
IMF Plans For Cashless Society Disclosed EmptyToday at 10:37 am by PurpleSkyz

» MUST WATCH: Take Back Your Power – smart meter documentary
IMF Plans For Cashless Society Disclosed EmptyToday at 10:34 am by PurpleSkyz

» Bees Absolutely Love Cannabis and It Could Help Restore Their Populations
IMF Plans For Cashless Society Disclosed EmptyToday at 10:28 am by PurpleSkyz

» The Collapse of the Petrodollar and Transition into a New System
IMF Plans For Cashless Society Disclosed EmptyToday at 10:17 am by PurpleSkyz

» Bill Ryan of Project Avalon - Debate Challenge! A Quartz Crystal Minion "Sourcetruth" Cult Failure!
IMF Plans For Cashless Society Disclosed EmptyToday at 1:31 am by PurpleSkyz

» Pentagon refuses to release information on UFOs - Luis Elizondo
IMF Plans For Cashless Society Disclosed EmptyToday at 1:04 am by PurpleSkyz

» NIBIRU News ~ Black Star Report plus MORE
IMF Plans For Cashless Society Disclosed EmptyToday at 1:03 am by PurpleSkyz

» Jeffrey Epstein Estate Sued by U.S. Virgin Islands over Child Sex Abuse Claims
IMF Plans For Cashless Society Disclosed EmptyToday at 1:01 am by PurpleSkyz

» Short of Time: Julian Assange at the Westminster Magistrates Court
IMF Plans For Cashless Society Disclosed EmptyToday at 12:58 am by PurpleSkyz

» MAX IGAN - What's Really Happening With the Australian Fires
IMF Plans For Cashless Society Disclosed EmptyToday at 12:51 am by PurpleSkyz

» A Week of Royal Headlines
IMF Plans For Cashless Society Disclosed EmptyYesterday at 9:27 pm by bs4ever

» Working with Animals BRIDGENIT
IMF Plans For Cashless Society Disclosed EmptyYesterday at 3:26 pm by Consciousness Of Economic

» Looping Stalking Hologram Ministry Of Consciousness
IMF Plans For Cashless Society Disclosed EmptyYesterday at 3:20 pm by Consciousness Of Economic

» #QTard Drama Theater - Articles handed in Thomas Pain(e) Flynn withdraws Guilty plea plus more
IMF Plans For Cashless Society Disclosed EmptyYesterday at 1:44 pm by PurpleSkyz






CURRENT MOON




You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » IMF Plans For Cashless Society Disclosed

IMF Plans For Cashless Society Disclosed

Go down  Message [Page 1 of 1]

1IMF Plans For Cashless Society Disclosed Empty IMF Plans For Cashless Society Disclosed on Fri Apr 14, 2017 6:40 pm

PurpleSkyz

PurpleSkyz
Admin
IMF Plans For Cashless Society Disclosed
  April 14, 2017 
IMF Plans For Cashless Society Disclosed Cashless-society-33 IMF Plans For Cashless Society Disclosed Economic-collapse-dollardown
Creepy IMF Paper Teaches Governments How to Wage War on Cash
There’s been another shot fired in the “war on cash.” Recently, the International Monetary Fund (IMF) published a working paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition.
Over the last several years, we’ve seen a steady push to eliminate, or at least limit, the use of cash around the world. In May of 2016, the European Central bank announced it will stop producing and issuing 500-euro notes by the end of 2018. Not long before the EU announcement, a former Obama economic adviser/ex-Treasury secretary floated the idea of eliminating the $100 bill in the US.


Banks have also gotten in on the act. Last year, Chase capped ATM withdrawals for non-Chase customers at $1,000 per day. Recently, ATMs in Mexico stopped issuing 500-peso notes, leaving the 200-peso note as the highest denomination available. CitiBank Australia stopped handling cash transactions altogether late last year.

Indians also felt the squeeze last fall. On Nov. 8, the Indian government declared that 1,000 and 500 rupee notes would no longer be valid. They gave the public just four hours notice. Why? To force so-called “black money” into the light.

About 90% of all transactions in India are in cash. It is an overwhelmingly cash economy and virtually every Indian has currency stashed away in their home. The government can’t tax transactions using black money. By making the 1,000 and 500 rupee notes valueless , government officials hope to force the black money into the economy so they can get their cut.

Officials always justify their war on cash with talk about “customer preference,” and fighting terrorism and drugs, but the drive toward a cashless society is really about control.

By controlling access to your own money, banks and governments increase their control over you. They can collect maximum taxes and fees, they can track purchases, and they can even manipulate your spending habits by imposing negative interest rates that effectively charge you for saving.

Needless to say, many everyday people like cash and the relative freedom it provides. In a worst-case scenario, they can at least shield their wealth by shoving cash under their mattresses. You can’t do that if there isn’t any cash.

Well, the IMF wants to help governments crack down on cash in a kinder and gentler way. In “The Macroeconomics of De-Cashing ,” IMF analyst Alexei Kireyev explains how governments can overcome the objections of their citizens as they wage their war on cash.

“Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.”

Kireyev suggests governments will encounter less resistance if private institutions lead de-cashing efforts. After all, governments don’t want to give the impression they are trying to control their populace.

Read More Here: Creepy IMF Paper Teaches Governments How to Wage War on Cash – Peter Schiff’s Gold News

“Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.”
Creepy IMF Paper Teaches Governments How to Wage War on Cash
 
There’s been another shot fired in the “war on cash.” Recently, the International Monetary Fund (IMF) published a working paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition.

Over the last several years, we’ve seen a steady push to eliminate, or at least limit, the use of cash around the world. In May of 2016, the European Central bank announced it will stop producing and issuing 500-euro notes by the end of 2018. Not long before the EU announcement, a former Obama economic adviser/ex-Treasury secretary floated the idea of eliminating the $100 bill in the US.


Banks have also gotten in on the act. Last year, Chase capped ATM withdrawals for non-Chase customers at $1,000 per day. Recently, ATMs in Mexico stopped issuing 500-peso notes, leaving the 200-peso note as the highest denomination available. CitiBank Australia stopped handling cash transactions altogether late last year.

Indians also felt the squeeze last fall. On Nov. 8, the Indian government declared that 1,000 and 500 rupee notes would no longer be valid. They gave the public just four hours notice. Why? To force so-called “black money” into the light.

About 90% of all transactions in India are in cash. It is an overwhelmingly cash economy and virtually every Indian has currency stashed away in their home. The government can’t tax transactions using black money. By making the 1,000 and 500 rupee notes valueless , government officials hope to force the black money into the economy so they can get their cut.

Officials always justify their war on cash with talk about “customer preference,” and fighting terrorism and drugs, but the drive toward a cashless society is really about control.

By controlling access to your own money, banks and governments increase their control over you. They can collect maximum taxes and fees, they can track purchases, and they can even manipulate your spending habits by imposing negative interest rates that effectively charge you for saving.

Needless to say, many everyday people like cash and the relative freedom it provides. In a worst-case scenario, they can at least shield their wealth by shoving cash under their mattresses. You can’t do that if there isn’t any cash.

Well, the IMF wants to help governments crack down on cash in a kinder and gentler way. In “The Macroeconomics of De-Cashing ,” IMF analyst Alexei Kireyev explains how governments can overcome the objections of their citizens as they wage their war on cash.

“Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.”

Kireyev suggests governments will encounter less resistance if private institutions lead de-cashing efforts. After all, governments don’t want to give the impression they are trying to control their populace.

Read More Here: Creepy IMF Paper Teaches Governments How to Wage War on Cash – Peter Schiff’s Gold News



Thanks to: https://tabublog.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum