-- The Riddle of the Twin Brothers - Who Were, Are and Will Rule the World!

[suda123]

ZeroHedge:  They're coming for your cash!


But that’s not enough, according to some economists. Citicorp’s chief economist, a technocrat named Willem Buiter, thinks the US needs much lower interest rates to push the economy out of the doldrums. He thinks negative interest rates around -6% would do the job. But there’s one condition: For his plan to work, he says, the government must abolish cash.

It’s easy to understand why Buiter might not have warm and fuzzy thoughts about cash. After all, if your bank is taking 6% from your savings, $100 in your account would be worth only $94 at the end of one year, $88.36 after two years, and $83.06 after three years. On the other hand, a $100 bill with Ben Franklin’s picture on it would still be worth… well, $100. Buiter understands that as long as cash exists, no one will voluntarily keep their savings in accounts with negative interest rates.

And Buiter isn’t the only one pointing out that outlawing cash could stimulate the economy, especially in a crisis. In a recent article, Michael Pento, president and founder of Pento Portfolio Strategies, observed:

“Strategies such as pushing interest rates into negative territory, outlawing cash, and sending electronic credits directly into private bank accounts may appear more palatable in the midst of market distress.” (emphasis added)
And the Fed seems to be catching on to the prospect of negative interest rates. At the latest meeting of the Fed’s Open Market Committee, at least one member suggested that negative interest rates might be worth considering.

As for abolishing cash altogether, proposals to do so are much further advanced outside the US. Italy and France have banned allcash transactions over €1,000. Spain has banned cash transactions exceeding €2,500. Similar restrictions are in place in Belgium, Bulgaria, Greece, Mexico, Russia, Uruguay, and other countries.

In the US, cash transaction limits don’t yet exist, but de facto limits already are enforced. I’ve received reports from several clients of interrogations by banks if they withdraw more than a few thousand dollars in cash from their accounts. And depositing or withdrawing more than $10,000 in cash from an account requires that banks (as well as other “financial institutions”) file a Currency Transaction Report with the IRS. “Structuring” a single cash transaction into multiple transactions to avoid this requirement is a crime. And if the circumstances surrounding a transaction above $5,000 are “suspicious,” financial institutions must file a Suspicious Activity Report.

Federal, state, and local law enforcement agencies consider cash holdings inherently suspicious. Under the Alice-in-Wonderland legal process of civil forfeiture, they can seize your cash if they believe that it’s somehow connected to a crime. That’s easy, since nearly 100% of cash circulating today contains tiny concentrations of narcotics residues – primarily cocaine. All police need to do is bring in a drug-sniffing dog to inspect the cash. If the dog alerts, police seize the cash. And under civil forfeiture rules, it’s up to you to prove that the cash has a legitimate origin.

If the government decides to restrict cash transactions or outlaw cash altogether, how would they do it? Actually, efforts along this line are already well under way. Many airlines accept only credit or debit cards for inflight purchases. Louisiana forbids cash for some secondhand sales of scrap metal. A proposal in Wisconsin would ban cash payments for treatment at pain clinics.

But for negative interest rates to really take hold, the Fed will need to step in. One proposal is for cash to be recalled in a very short period – as little as 10 days. Anyone turning in more than a relatively low threshold – perhaps as little as $1,000 – would be required to prove that the cash was generated legally and that all taxes on the income had been paid. Otherwise, 30% or more of the cash would be confiscated.

-----

Now repeat outloud:  "Banks are terrified of Bitcoin.  The Government can never control Bitcoin.  And my favorite:  Kill the Fed!  Kill the Fed!  Kill the Fed!"  Haha.

Feels absurd all of a sudden?

Now you understand how ridiculously funny the lies sounded to me and why I mocked shills like Andreas and Ver since 2013.  I only Wish I would have heard about Bitcoin before it hit $266.

dude the closed down the citibank where I live, mom my will get bonus stuff if she uses mobile payments, shes switching banks now. lol

[Vlad2Vlad]

what is the new switch?

Open source to closed source.  A people currency to a fed/bank/govt controlled currency, decentralized to hyper centralized.

And finally...

From Bitcoin to a different global token.

[Spoetnik]

My last [failed] attempt to take iXcoin mainstream with a $20 marketing budget.  Hahaha!




 
Every CryptoCoin needs a SuperMan!

Fuckin' Romeo !
You fucking stud Vlad LOL
Should be a runway model bro hahhaha

And hey that is at least something.. more than what most guys do !

[suda123]

what is the new switch?

Open source to closed source.  A people currency to a fed/bank/govt controlled currency, decentralized to hyper centralized.

And finally...

From Bitcoin to a different global token.

does all the infrastructure around bitcoin make it worth a hell of a lot as well? like more valued then it should be maybe a correction later on.

[Vlad2Vlad]

Fuckin' Romeo !
You fucking stud Vlad LOL
Should be a runway model bro hahhaha

And hey that is at least something.. more than what most guys do !

Hahaha, thanks, brother.

True story, I had a contract offer to model from Elite in New York back when I was 25 but I never went.  Taught me an enormous lesson; I'd rather try and fail a thousand times than have 1 regret.  Bitcoin/Crypto is a once in a lifetime opportunity, go all-in regardless of the risk.  Disobey all fear!

[Vlad2Vlad]

does all the infrastructure around bitcoin make it worth a hell of a lot as well? like more valued then it should be maybe a correction later on.

I don't understand the question.  Bitcoin is getting most of the credit or perceived value for the massive build in infrastructure so yes, the value of Bitcoin will [in part] grow cause of this fact.

But the infrastructure will be set up so any token can easily replace Bitcoin without anyone noticing anything.  I believe this is part of the reason They're moving away from the name Bitcoin and into blockchain and bits, that way when Bitcoin dies, the psychological effect will be minimized.  Of course, the financial detestation will be just as real but that's the standard protocol when switching to a new fiat.

As for a correction - I think when Bitcoin gets the ETF the run will be pure madness.  There will be massive volatility and corrections but they will be brief and the run will continue until all wealth is transferred and then, at that point, Bitcoin simply cannot continue existing so they'll either dilute Bitcoin massively and rename it or switch to a new crypto token.  I think the latter will be easier, along with a huge dilution.

[Vlad2Vlad]

"European Union to Crack Down on Bitcoin After Paris Attacks."

Translation:  This is our money so we're taking over and you muppets will eat it, like it and beg for more.

I don't have time to find it now but I posted about 2 years ago that they'll use terrorism as an excuse to control Bitcoin/Crypto. 

And still not a peep from the shills, Ver/Andreas et al.

[Vlad2Vlad]

and Vlad your always a bit conspiracy theory'ish but that one is too wild for me man LOL

 

Mark my words, when the US goes into Marshall Law mode - Europe will follow, and if that happens we're gonna see the biggest "cleansing" the West has ever seen.  The number of mass murders will put Hitler's death camps to shame.

Still think my theory was that crazy?  So Europe goes into Marshall Law mode first?  I got it backwards.  Makes sense, the hundreds of millions of guns in the U.S. require more prepping and fear mongering.  Europe is being taken over by jihadists!!!  lol, Quick, Marshall Law in the U.S., ban all guns [temporarily, of course] so people don't hurt themselves.  haha.

It's happening and I can't stop laughing my ass off.  lol

[Vlad2Vlad]

There's no way the US is gonna want to look guilty of defaulting or purposely killing their own currency so they'll either pressure some huge country like Russia to start a chain reaction and then blame them or they'll manufacture another "event" which will push us into a massive recession and given the overspent dollar, they could blame the final nail in the dollar's coffin on some boogeyman terrorist group.

Boogeyman?


*Cough* ISIS.  *Cough* Syrian Refugees. Haha.

This one made me laugh too.  We might as well laugh since there's nothing else we can do. lol

[Vlad2Vlad]

This is getting hilarious. 

So now the entire country of Belgium is on lockdown [for a "only 1 wee" [which I think will certainly be extended in a BIG way]] all for supposedly one runaway terrorist.  They have massive militarized troops searching for one "Salami" guy.  Haha.

Look at the images and videos, man, what do they remind you of?

Bin Ladin.  Remember how the entire planet was searching for one guy, searching caves and stuff for a decade with no luck?  Hahaha, doesn't anyone have any critical thinking anymore?  How hard would it be to find a sick 6 foot 4 Arab attached to a cumbersome dialysis machine?  And a $10 million bounty on his head.  Hahaha!

Watching the French frantically run around at the sound of one gun shot [fine tuning social experiment a la 1938, War of the Worlds Social Experiement] and now another entire EU nation locked down searching for the invisible man leaves me speechless.

And I know why they chose France.  The epitome society of civil liberties and social justice.  If they can sell this madness to the idiot French citizens then they know with certainty they'll own the entire European Union. 

The dominoes should be falling imminently, now that the robbery of all our rights [and the great global economic reset] has begun, and it honestly should be quite amazing to watch it unfold.  I find it comedic because it's what the masses have brought upon themselves; albeit, with a touch of diabolical brilliance and with a certain tragic end.

Sorry I was off by about 2 months...lol

[hdbuck]

[Vlad2Vlad]

Oh man that got me laughing really hard.  What other attitude can anyone take right now?  This is bigger than any world war.  They even got Russia to play along, strangled Putin with sub $40 oil until he said, "I must break you."  lol

Which of course means China's emperor, err, president, Xi, should be jumping on the let's find those terrorists band wagon imminently.  Nobody wants one global currency more than China so they don't need much convincing, they just want that global currency to be theirs [and preferably named after their emperor which coincidentally is Xi, as in Xi Coin which would conveniently have a symbol of XIC].

"Let him who has wisdom decipher the meaning of the mark of the beast for it is the number of a man."

That rockin' panda's got nothing on me!!!  Haha!

[Vlad2Vlad]

There may be a precedent to this Chinese ruler crypto naming scheme.

Around 2006 (before Bitcoin launched) there was a crypto launched in China which caught on like wild fire and was subsequently killed off by the Chinese government.  Nothing that big gets launched and breathes in China without the govt being involved [just an FYI].  So I think that was the Chinese government doing a market test for launching their real [gold backed] crypto which may have influenced the launch of Bitcoin ~2 years later. 

At any rate, that crypto was called Q-coin, also known as QQ.

Coincidentally...President Xi's mother's name was Qi Xin.

Not exactly rock solid but something I noticed recently.

[edgar]

if its non-rock solid we're going for - i noticed this 'crest' on the news the day after the paris explosions - http://www.canterbury-cathedral.org/

one crest on each shoulder of some priest.. broadcast globally.

caught my lazy eye at least, though i must assume the cathedral has had that crest for a while

[Vlad2Vlad]

if its non-rock solid we're going for - i noticed this 'crest' on the news the day after the paris explosions - http://www.canterbury-cathedral.org/

one crest on each shoulder of some priest.. broadcast globally.

caught my lazy eye at least, though i must assume the cathedral has had that crest for a while

Nothing like that is showing in your link.  Do you have a pic?  Was it an IX?  I found early on a connection between IX and IXC and the Catholic Church which is what lead me at the time to think IXC was the dark horse which the west chose to replace Bitcoin after Bitcoin transfers all wealth. 

But then someone tipped me off that the Chinese were watching me, hacked into my social accounts and this leak was incredibly reputable so I turned my eyes on the east then and looked at potential Chinese connections and I found a lot of crazy stuff that fit.

But to be honest, it's impossible to say.  Why are the Chinese trying so hard to destroy and rob me, for over 2 years now?  You'd think they'd want me popularizing their coin.  So maybe it's not their coin, maybe it belongs to the west and that leak took me off the right path.

I've had a serious mind job done on me by the Chinese so I can't tell anymore but I challenge anyone to find this many crazy coincidences in any altcoin out there, not even Bitcoin gets close.

I'm certain I've got a tiger by the tail here; I hope it doesn't devour me. 

[Vlad2Vlad]

Fear and greed - Push and Pull has begun.


ZeroHedge:  Swiss Bank "Goes There", Applies Negative Rates To Retail Deposits.

FEAR:  This is legalized confiscation and soon people will panic and look for a "safe" place to put their money.

Enter Mass Media Machine:

GREED: Whip the sheep into a Bitcoin worshipping frenzy [along with the money managers which will plow trillions into Bitcoin].

[Vlad2Vlad]

An interesting observation:

These people, besides hacking/robbing me blind, have always had an abnormal (by crypto standards) level of awareness and diligence for the rule of law.  Completely out of the ordinary for this industry an for anonymous players.

Nothing in my mind points to CIA/MI6 more than this.  The Chinese/Russians would never care about breaking any laws.  For this reason, and also because I still consider them my friends, I am trying to understand and do what's right.

But it's very difficulty when I'm blind folded, stupefied [and the world is collapsing around me].

[Vlad2Vlad]

Speaking of the Chinese.

Remember what I was saying about the domino effect being imminent and the U.S. + Europe would go into Marshall Law together?



"Chinese troops train on U.S. soil while New York prepares for terror attack with simulated mass shooting exercise."

So they just got done with the biggest ever marshall law excersice in multiple states [including Texas and Arizona] and now they brought in the Chinese to "help out" in New York?  Hahaha!

You can't make this shit up even if you tried. 

And NOBODY has a clue cause everyone is hooked on porn, pot and football.  How can you feel sorry for a nation that has become the protagonist to its own self destruction?

Burn it!

[Vlad2Vlad]

They're gonna ban cash as soon as marshall law hits in order "to fight terrorism". This will fast forward Bitcoin/Crypto adoption by decades, just as I expected in 2013.  For your safety and protection, of course.  lol

Fiat is dead, long live [digital/GATT] fiat.  lol

If you're still in cash you should start buying Bitcoin now cause these negative events are accelerating at an alarming rate.

[suda123]

They're gonna ban cash as soon as marshall law hits in order "to fight terrorism". This will fast forward Bitcoin/Crypto adoption by decades, just as I expected in 2013.  For your safety and protection, of course.  lol

Fiat is dead, long live [digital/GATT] fiat.  lol

If you're still in cash you should start buying Bitcoin now cause these negative events are accelerating at an alarming rate.

good reads homie