As economic conditions deteriorate, the threat of citizens pulling cash out of their accounts and starting a bank run is eliminated in a cashless system. So long as the people’s wealth is under centralized control, funds can be shifted at will to conceal any underlying problems

European commission has quietly launched the next offensive in the war on cash. These unelected bureaucrats have boldly asserted their intention to crack down on paper transactions across the E.U. and solidify a trend that has been gaining momentum for years. These fascist pigs are openly following Davos summits and other Bilderberg gathering orders and, without any vote from the population, deciding the One World Currency fate of us all. A fate of fascism and the police state.

The financial uncertainty amplified by Brexit has incentivized governments throughout Europe to seize further control over their banking systems. France and Spain have already criminalized cash transactions above a certain limit, but now the commission has unilaterally established new regulations that will affect the entire union. The fear of the individual having freedom to choose their own destiny and protect their wealth, has the odorous satanic elite angry and in foul mood.

The European Action Plan doesn’t mention a specific dollar amount for restrictions, but as expected, their cover story for the black op is to thwart money laundering and the financing of terrorism. Border checks between countries have already been bolstered to help implement these new standards on hard assets. Although these end goals are plausible, there are other clear motivations for governments to target paper money that aren’t as noble.

Negative interest rates and high inflation are a deadly combination that could further destabilize the already fragile union in the future. With less physical currency circulating, these trends ensure that the impact of any additional central bank policies will be maximized. As economic conditions deteriorate, the threat of citizens pulling cash out of their accounts and starting a bank run is eliminated in a cashless system. So long as the people’s wealth is under centralized control, funds can be shifted at will to conceal any underlying problems. But the longer this shell game is allowed to persist, the more painful it will be when reality overrides the manipulation.
Since former Chief Economist at the International Monetary Fund (IMF), Kenneth Rogoff, published a paper last year advocating for the U.S. $100 bill to be removed, governments around the world have pushed forward their agendas towards a cashless society, an agenda of outright fascist slavery. He wrote:

“There is little debate among law-enforcement agencies that paper currency, especially large notes such as the U.S. $100 bill, facilitates crime: racketeering, extortion, money laundering, drug and human trafficking, the corruption of public officials, not to mention terrorism. There are substitutes for cash—crypto currencies, uncut diamonds, gold coins, prepaid cards—but for many kinds of criminal transactions, cash is still king. It delivers absolute anonymity, portability, liquidity and near-universal acceptance.”

This announcement comes just months after the 500 euro note was discontinued, and it follows India’s lead in subverting the financial independence of their citizens. The incremental steps currently being taken may look trivial in isolation, but the ultimate end is to lay the foundation for an entire network for economic repression.

The German people have placed themselves in strong opposition to the action and previously pushed back hard against domestic legislation that would have limited cash. Nearly 80% of all transactions in Germany are made with paper currency, putting Europe’s economic engine in direct conflict with the vision coming out of Brussels.

The spillover effect has affected new forms of investment, like Bitcoin, which witnessed an astronomical rise over the last months and has been brought back into the discussion as a viable alternative to fiat currencies. Of course, the E.U. Commission is also attempting to impose similar limitations on crypto-currencies to make sure no transactions fall outside of their domain. The ECB and BOJ are working towards a trojan horse blockchain network that will serve only to entrap those naive enough to trust it. In short, governments are revealing their use of bitcoin as a money trap to be sprung on investors, as history of that shows in the last few years of missing billions when servers go down for good.

Former Treasury Secretary Larry Summers wrote last year that the E.U. would likely be the trailblazer of the West towards this new digital model:

“But a moratorium on printing new high denomination notes would make the world a better place. In terms of unilateral steps, the most important actor by far is the European Union. The €500 is almost six times as valuable as the $100. Some actors in Europe, notably the European Commission, have shown sympathy for the idea and European Central Bank chief Mario Draghi has shown interest as well.”

Since the public’s attention has been drawn to emotional manipulations and political stunts, the threat the war on cash represents has gone unrecognized. This is easy to do, because they have been conditioned to focus on the trivial instead of the substantive. Instead of feeding energy into systems meant to divide and conquer, individuals must educate themselves to secure their own financial futures. By submitting to the hive mind and following the media down whichever rabbit hole they choose, the most important issues of today will go unnoticed. The value of advocating for decentralized and physical alternatives to the banking system may not be easily grasped by the activists of today, but few other things have the potential to erode freedom on such a massive scale.

Let's face it. With ALL newspapers and media under satanic control of the covens, there few voices out there warning and sounding the alarm. Americans have proved themselves spineless wankers caring about causes that, are in fact, openly retarded, when the real menace to their lives is given free reign and NO OPPOSITION. The churches are silent too, long taken over by satanists, it pastors often more gay than any flaming queen from West Hollywood.

 

Venezuela demonetizes the 100 dollar Bolivar, instantly wiping 35 Trillion off the bank books

Like India a month ago, Venezuela has gone down the demonetizing game plan of wiping out personal wealth held in currency and making already destitute citizens even poorer.

president Maduro announcing earlier this week he would remove 75% of the physical cash in circulation by eliminating the highest denomination 100 Bolivar bill, desperate and cashless Venezuelans, angry that the government hasn’t exchanged their voided bank notes as officials had pledged, on Friday rose up in protest and looted stores across parts of Venezuela.

Broken showcases are seen after a shoe shop was looted in Maracaibo, Venezuela
Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash, and cursed President Nicolas Maduro in a string of towns and cities around Venezuela, witnesses said.

A man holds a bone and a placard that reads 'Maduro: communist, unhappy,
damn. Resign, now', in front of a pole covered with 100-bolivar bills during a
protest in El Pinal, Venezuela, December 16, 2016.
Waving the now-worthless 100-bolivar bills, pockets of demonstrators blocked roads, demanded that stores accept the cash, and cursed President Nicolas Maduro in a string of towns and cities around Venezuela, witnesses said.  Dozens of shops were looted in various places.

People take pictures next to a pole covered with 100-bolivar bills during a
protest in El Pinal.
An opposition legislator said there were three deaths amid violent scenes in the southern mining town of Calla.

A man burns a 100-bolivar bill during a protest in El Pinal.
The riots were quickly put down, however, when National Guard troops were deployed to put down the unrest that broke out as far west as the Colombian border as well as smaller towns in the east, the WSJ reports. While many have speculated that things couldn't possibly get worse in Venezuela, they did over the past few days as the collapsing, cash-based economy suddenly finds itself without cash, worthless as it may be (one US dollar is worth between 2,500 and 4,500 Bolivars in the black market), and now with only nine days to go before Christmas, Venezuelans grappling with a collapsing economy and hyperinflation are also left without money. Only the Central Bank now accepts the remaining bill, and it will only do so until Tuesday at which point the paper money will be worth less than toilet paper, which Venezuela infamous does not have.
“Maduro is making a mockery of the people, and he has destroyed Christmas for all Venezuelans,” said Desiré Chávez, a 33-year-old clothing vendor in Maracaibo who had accepted the 100-bolivar notes until Thursday. “Now I don’t know what I’ll do because that cash is useless and my kids are hungry.”
As the local population fumes, the central bank office didn’t open Friday to facilitate the exchange, as officials had promised. Troops turned away nearly 1,500 people who had lined up starting Thursday night to turn in their useless bills, prompting angry mobs to block traffic and riot. Dozens were arrested.

Venezuelan National Guard members control the crowd as people queue to deposit
their 100 bolivar notes, near Venezuela's Central Bank in Caracas.
Unlike India, where the local population was at least granted a two month onboarding period to convert their old cash into new bills - which has also led to mass confusion and a sharp economic slowdown - Maduro gave his countrymen only days to turn in the 100-bolivar notes, which until this week was the nation’s most widely used bank note.
“There have and will be difficulties while we overcome this situation,” Mr. Maduro said in a televised speech Friday. He called the measure necessary to combat alleged currency speculators in neighboring Colombia and elsewhere that he blames for his country’s economic troubles. “I appreciate the people of Venezuela’s understanding, awareness, all of its support.”

Venezuelan National Guard members control the crowd as people queue to deposit
their 100 bolivar notes, outside Venezuela's Central Bank in Caracas
Making matters worse, the new 500-bolivar bills that the president said would circulate this week have yet to be distributed, causing panic as more than a third of Venezuela’s 30 million people lack a bank account. Those lucky enough to line up at the central bank headquarters in the capital, Caracas, were able to at least deposit their money. They were given IOUs and told they could pick up the new bills when they are ready.
It is unclear when that may be, meaning the vast majority of those Venezuelans with savings don't even have an official currency to show for it, but merely an unofficial promise of repayment from the government. More skeptical readers may view this as a clear overture for full-blown cash confiscation.
“I don’t have a bank account, and they need to tell me what I do with this money,” said Ana Garza, a 58-year-old cake vendor from a Caracas slum who had been waiting since 5:30 a.m. in a line that stretched 18 city blocks on Friday. She only had money for a bus ride because no one is accepting the 100-bolivar bills anymore.
The anger was palpable: “I don’t have words for this measure from Maduro,” griped bus driver Ricardo Salas, 54. “How do you get rid of these bills without the new ones arriving? Buying groceries is going to be horrible.” Assuming there are groceries: as a result of Venezuela's hyperinflation and economic collapse, most supply chains no longer operate, and those businesses which still function do so increasingly solely on a barter basis.
There was some good news: the WSJ reported that on Thursday, the central bank received at least one shipment of new 500-bolivar bills, but it would take weeks for enough 500-bolivar bills to be available to alleviate the scarcity of cash. Without money, residents in the southeastern state of Bolivar blocked the only major highway in the region that connects the country to Brazil. Nearly 40 businesses, mostly grocery stores, were ransacked around the state.

Stacks of 100 bolivar notes are seen in a plastic crate at a stall in a street market
near Venezuela's Central Bank in Caracas
Faced with daily violent protests, the government was just as unhappy as the general population: “this has gone from a riot over discontent and hunger to vandalism,” said Erick Leiva, head of a local business chamber.
Maduro this week also "temporarily" closed the Venezuela's border with neighboring Colombia and Brazil, supposedly to crack down on currency speculation along the border, which he blames for the free-falling value of the bolivar, in order to deflect attention from the real cause of Venezuela's economic collapse.
The desperation was palpable for people like Daniel Morales, 28, a street vendor in Maracaibo.
“I have an 11-day-old baby and I haven’t been able to buy diapers, nor milk,” he said. All of the bills that Mr. Morales had taken to the central bank branch to exchange added up to 20,000 bolivars, or less than $9. A pack of diapers costs more.
What is surprising, is that despite Venezuela's complete economic collapse, and now effective demonetization, the country remains technically solvent and continues to pay its foreign creditors; we also find it surprising that despite Venezuela's de facto military regime - as we reported previously Maduro is now just a front for the army's control of the country - the population has shown tremendous patience and has so far refused to revolt, despite having little left to lose.

 http://www.zerohedge.com/news/2016-12-17/venezuela-deploys-national-guard-venezuelans-protest-worthless-cash

Going cashless is literally KILLING India...

• About 100 or more have committed suicide or died waiting in banking lines unable to access their own money. that's over 1 billion waiting to access their money for daily activities.
• 
  
• 97% of all activity in India is in cash with just 2% using electronic means. 
• 
  
• L&T a major infra company wiill fire 14,000.
• 
  
• eBay fired about 100.
• 
  
• Now Foxconn asking 1,700 to stay at home for now.
• 
  
• A Calcutta jute mill fired 1,400.
• 
  
• 80% power-looms have shut.
• 
  
• All wholesale markets across India are shut.
• 
  
• Car sales are down minimum 50%.
• 
  
• At least a million industrial, factory and farm workers have been fired.
• 
  
• All this is post demonetization.

After demonitzing 13 trillion rupees, Indian Economy Crashes

Amid social unrest and loss of faith in the nation's currency, India's economy has ground to a halt with its Composite PMI crashing by a record in the last month as demonetization strikes.


However, even more problematic is that Indians have validated 82% of bank notes rendered worthless by PM Modi, dramatically undermining the government’s estimate of unaccounted wealth in the economy. As Bloomberg reports,

About 12.6 trillion rupees ($185 billion) had been deposited into bank accounts as of Dec. 3, the people said, asking not to be identified citing rules for speaking with the media. The government had estimated that about 5 trillion rupees of the 15.3 trillion rupees sucked out by Modi’s move would stay undeclared, implying that this was cash stashed away to evade taxes, known locally as black money.

Lack of a meaningful cancellation could be a double blow for Modi as the measure was being used as a political and economic gauge of the success of his Nov. 8 move. One of Modi’s biggest campaign pledges was to expose black money in Asia’s No. 3 economy, and economists were viewing the cash as a potential windfall for the government.

"Some of the windfall that the government was hoping for from the cancellation of notes will be dented," said Anjali Verma, chief economist at PhillipCapital Ltd. "That means the fiscal stimulus that was being expected might also take some hit. That is not good news at a time when direct consumption, private investment is not expected to pick up."

"Markets are not too worried at the moment," said Chakri Lokapriya, Mumbai-based managing director at TCG Advisory Services, which manages about $3 billion. "But if 12-13 trillion rupees comes back into the system it defeats the whole theory of black money."

In such a situation where the gains of demonetization aren’t apparent, individuals will more closely analyze the pain. A slump in demand due to the cash shortages will hurt company revenues and government tax collections, widening the budget deficit and ultimately weakening the rupee, Lokapriya said.

So was the whole effort merely, as Modi admitted, a move towards a cashless society after all? And not in any way related to corruption? Either way, it is too late now as faith in the fiat currency has collapsed.
Finally, while most shrug and say "how does that affect us?", the tumult in India is weighing heavily on the rest of the world via the oil market. India has been the world’s fastest-growing crude market and that may weaken as the government’s cash crackdown slows the economy. As Bloomberg reports,

Diesel and gasoline use, which account for more than half of India’s oil demand, will slow or contract this month and possibly early next year, according to Ivy Global Energy Pte., FGE and Centrum Broking Ltd.

“As the Indian economy largely depends on various cash-intensive sectors, the demonetization saga will no doubt slow down economic growth in the near term,” said Sri Paravaikkarasu, head of East of Suez oil at FGE in Singapore. “Moving into the first quarter, an expected slowdown in the economic growth should marginally drag down oil consumption, particularly that of transport fuels.”

Diesel consumption could fall as much as 12 percent and gasoline demand as much as 7 percent this month, according to Tushar Tarun Bansal, director at Ivy Global Energy.

“I expect to see a much smaller growth in diesel demand of about 2 percent in the first quarter,” Bansal said.

The possible slow down this month and into next year is a reversal of the demand spike seen in November as people rushed to fill their tanks to take advantage of a rule allowing fuel retailers to accept the banned 500 and 1,000 rupee ($15) bills until Dec. 2.

So an Indian PM 'flaps his wings' and the rest of the world may have a hiccup.

http://www.zerohedge.com/news/2016-12-07/indian-economy-crashes-modis-black-money-theory-collapses

It turns out that countries with higher denominations of cash actually have much lower crime rates, including rates of organized crime

The research was simple; we looked at the World Economic Forum’s competitive rankings that assesses countries’ levels of organized crime, as well as the direct business costs of dealing with crime and violence.
Switzerland, with its 1,000 Swiss franc note (roughly $1,000 USD) has among the lowest levels of organized crime in the world according to the WEF.
Ditto for Singapore, which has a 1,000 Singapore dollar note (about $700 USD).
Japan’s highest denomination of currency is 10,000 yen, worth $88 today. Yet Japan also has extremely low crime rates.
Same for the United Arab Emirates, whose highest denomination is the 1,000 dirham ($272).
If you examine countries with very low denominations of cash, the opposite holds true: crime rates, and in particular organized crime rates, are extremely high.
Consider Venezuela, Nigeria, Brazil, South Africa, etc. Organized crime is prevalent. Yet each of these has a currency whose maximum denomination is less than $30.
The same trend holds true when looking at corruption and tax evasion.
Yesterday we wrote to you about Georgia, a small country on the Black Sea whose flat tax prompted tax compliance (and tax revenue) to soar.
It’s considered one of the most efficient places to do business with very low levels of corruption.
And yet the highest denomination note in Georgia is the 500 lari bill, worth about $200. That’s a lot of money in a country where the average wage is a few hundred dollars per month.
Compare that to Malaysia or Uzbekistan, two countries where corruption abounds.
Malaysia’s top cash note is 50 ringgit, worth about $11. And Uzbekistan’s 5,000 som is worth a paltry $1.57.
Bottom line, the political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash.

Japan’s highest denomination of currency is 10,000 yen, worth $88 today. Yet Japan also has extremely low crime rates.
Same for the United Arab Emirates, whose highest denomination is the 1,000 dirham ($272).
If you examine countries with very low denominations of cash, the opposite holds true: crime rates, and in particular organized crime rates, are extremely high.
Consider Venezuela, Nigeria, Brazil, South Africa, etc. Organized crime is prevalent. Yet each of these has a currency whose maximum denomination is less than $30.
The same trend holds true when looking at corruption and tax evasion.
Yesterday we wrote to you about Georgia, a small country on the Black Sea whose flat tax prompted tax compliance (and tax revenue) to soar.
It’s considered one of the most efficient places to do business with very low levels of corruption.
And yet the highest denomination note in Georgia is the 500 lari bill, worth about $200. That’s a lot of money in a country where the average wage is a few hundred dollars per month.
Compare that to Malaysia or Uzbekistan, two countries where corruption abounds.
Malaysia’s top cash note is 50 ringgit, worth about $11. And Uzbekistan’s 5,000 som is worth a paltry $1.57.
Bottom line, the political and financial establishments want you to willingly get on board with the idea of abolishing, or at least reducing, cash.
And they’re pumping out all sorts of propaganda to do it, trying to get people to equate crime and corruption with high denominations of cash.
Simply put, the data doesn’t support their assertion. It’s just another hoax that will give them more power at the expense of your privacy and freedom.
Do you have a Plan B?

Submitted by Simon Black via SovereignMan.com,

demonitezed currency and a billion souls made destitute...that's what a ban on cash IS REALLY ABOUT

Consider it a Warning America and take heed

We would note on this occasion that although what India’s citizens are facing these days may seem a remote danger to most Westerners, it does demonstrate an important point: state-issued paper currency exists only at the sufferance of the State. It can be made worthless by decree.

currency ban makes Indian banks solvent by removing liabilities in cash off their books.

There is a German Commercial last year about with an Investor whom is being advised by the Banker.  In the commercial the the man asks the banker what about cash?  The banker says we can't have that, it equals Freedom.  The signs are there.   It is all about the "Hunt For Taxes", and "Soviegn Debt Crisis".

 everytime I pay cash at the supermarket now, they warn me I'm about to receive a whole pile of change. What denotes a whole pile of cash you ask, 3 notes and 2 coins. They are trying to discourage people from paying cash by implying you are being inconvienced. While it might seem good they are deeply concerned about my well being, I find it extreemly annoying. This purely is about getting rid of cash by means of stealth and mind control !

When they came for India's cash, I did nothing, because I am not Indian;
When they came for. . . . 

India - A Nation under Siege

• 8,400 garment factories are shut in Ludhiana out of 5,000.
  5 million trucks are halted out of 9.3m trucks in India.
  Doctors, furniture sellers, car sellers etc have seen declines of 50% to 90% across entire country.
  Almost 70-80% of contract workers across the country have not been paid and work has stalled.
  
• Almost 70-80% retailers and wholesalers are shut.

 

Central bankers making a billion people destitute without warning...

 

Negative Interest Rates: A Tax in Sheep’s Clothing … A negative interest rate is just a tax on the banks’ reserves. The tax has to be borne by someone: The banks can choose not to pass it on and just have lower after-tax profits. This will depress the share price of banks and weaken their balance sheets by having lower equity values.

 Thoughts from around the internet...everyone sees what cashless and NIRP really mean - CONTROL AND THEFT OF WEALTH.

-------------

Giving a small group of individuals the power to decide on the value and volume of money is a ludicrous concept from any standpoint. But the problem is abetted by the mainstream narrative that never discusses the underlying lack of logic.

 The mechanism of central banking is purposeful ruin. The end-result of this ruin is global governance. In the short-term this goal is disguised by an academic patina. But the long-term goal, an increasingly apparent one, is a brutal restructuring of the lives of seven billion people to benefit a handful of elite controllers.

 Negative rates should be integral part of central bank policy options … Central banks should make negative interest rates a fully integrated part of monetary policy in order to respond effectively to future recessions, according to an academic paper presented on Friday to some of the world’s top central bankers.  “It is only a matter of time before another cyclical downturn calls for aggressive negative nominal interest rate policy actions,” concludes Marvin Goodfriend - what a deceitful name, a professor of economics at Carnegie Mellon University and a former policy adviser at the Richmond Federal Reserve bank.  – Reuters (this man is a devil hiding under a cloak of academia and, BTW, what future recessions? we've been in the greatest recession for over 8 years and counting. This is why the front men for the machine of evil use pugs like this in jobs that pay nearly half a million dollars a year in salaries, because they sing the song of new world order and everyone trusts them because they have..."credentials.")

The problem with real money, banks can't make any money out of it every time is changes hands.
Thank god for counterfeit money, which is just one's and zeros stored on a computer somewhere.
Central Banks can move it around, create it, delete it and there's no record of it, that's why the Pentagram has "lost" over 9 Trillion Dollars, but it's pretty hard to loose something that never actually existed in the first place except inside a computer.

 - If they were serious about reducing crime, etc., they wouldn't allow big banks (eg, HSBC) to launder illegal monies for countries and drug cartels.
 - If they were serious about reducing income tax evasion, they wouldn't allow big corps (eg, Apple) to offshore their profits.
 - If they were serious about reducing corruption, they wouldn't allow big money in politics (eg, Citizens United ruling). Clinton is a poster-child for corruption, but I doubt she's ever received an envelope stuffed with $100 bills.
As most here realize, this is all about forcing the 99% into digital currency so they can be more easily controlled thru neg rates. Problem is, how do we get the masses to wake up to this grim future? I don't have the link handy, but Grep Ip of the WSJ recently wrote a piece praising more of the same from Rogoff about the evils of cash. All this is doing is giving the govt cover from "deep-thinking academic experts" to enact these draconian yet idiotic policies.

 This is very scary mainly because I see no resistance to the trend. One day I will wake up and cash will be gone and along with it all individual freedom ( whatever is left of it today.) 

 Beware the Money Changers.

the result of a constriction of credit and money, abject poverty for a nation

see the writing on the wall - for the Beast System to work, they MUST steal your reserves, assets that are liquid, and keep you bound in real estate, stocks, bonds, and slavery. For the rest of us, we are already there anyways

At first, NIRP was an anomaly. An obscure policy tool that most analysts and market watchers assumed would be implemented on a temporary basis in a kind of “let’s see if this is even possible” experiment with an idea that, from a common sense perspective, makes no sense.

But then a funny thing happened. Central banks from Denmark to Sweden to Switzerland went negative and stayed there. They even doubled down, taking rates even more negative and before you knew it, the public started to catch on.

When NIRP failed to resuscitate global growth and trade, the cash ban calls began. The thinking is simple (if crazy): if you do away with physical banknotes, the effective lower bound is thereby eliminated. You can make rates as negative as you like because the public has no recourse as people aren't able to push back by eschewing their bank accounts the mattress.

If that seems far-fetched, consider that the ECB is seriously considering pulling the €500 euro note and the calls are growing louder for the Fed to drop the $100 bill. Of course officials are pitching the big bill bans as an attempt to fight crime - because only a criminal would pay with a $100. But the underlying push is for a cashless society wherein monetary authorities can effectively force citizens to spend and thereby boost the economy by simply making interest rates deeply negative.

Now that the cash ban calls have gotten sufficiently loud to be heard by the generally clueless masses and now that the likes of Jose Canseco are shouting about negative rates, savers are beginning to pull their money out of the banks.

“Look no further than Japan’s hardware stores for a worrying new sign that consumers are hoarding cash--the opposite of what the Bank of Japan had hoped when it recently introduced negative interest rates,” WSJ wrote this morning. “Signs are emerging of higher demand for safes—a place where the interest rate on cash is always zero, no matter what the central bank does.”

“In response to negative interest rates, there are elderly people who’re thinking of keeping their money under a mattress,” one saleswoman at a Shimachu store in eastern Tokyo told The Journal, which also says at least one model costing $700 is sold out and won’t be available again for a month.

“According to the BOJ theory, they should have moved their funds into riskier but higher-earning assets. Instead, they moved into pure cash that earned nothing,” Richard Katz, author of The Oriental Economist newsletter wrote this month.

Meanwhile, in Switzerland, circulation of the 1,000 franc note soared 17% last year in the wake of the SNB’s move to NIRP.

“One consequence of the decision to cut the Swiss central bank’s deposit rate into negative territory in late 2014, and deepen the negative rate to -0.75% early last year, may have been to increase stockpiling,” WSJ reports. “Holding money in cash would protect it from the risk of Swiss banks at some point charging a broad range of customers to deposit money.”

“The connection between the increasing circulation of the big Swiss bill and the central bank policy is obvious,” Karsten Junius, chief economist at Bank J. Safra Sarasin said.

Well yes, it is. Just as the connection between soaring safe sales in Japan and Haruhiko Kuroda’s NIRP push is readily apparent.
So once again, we see that when one experiments with policies that fly in the face of logic (like charging people to hold their money), there are very often unintended consqeuences and when you combine sluggish demand with NIRP in a monetary regime that still has physical banknotes, you get a run on cash. And on safes to store it in. 
One Japanese lawmaker brought up the soaring safe sales in parliament on Monday. "It suggests a vague sense of unease among the public," Katsumasa Suzuki remarked.
We're not sure "vague sense of unease" quite covers it. People are rushing to buy safes to hoard their money in because the head of the central bank has lost his mind...

http://www.zerohedge.com/news/2016-02-22/safes-sell-out-japan-1000-franc-note-demand-soars-nirp-triggers-cash-hoarding

Banning cash and they guns they intend to hold against our collective heads

While the "developed world" is only now starting its aggressive push to slowly at first, then very fast ban the use of physical cash as the key gating factor to the global adoption of NIRP (by first eliminating high-denomination bills because they "aid terrorism and spread criminality") one country has long been doing everything in its power to ween its population away from tax-evasive cash as a medium of payment, and into digital transactions: Greece.
The problem, however, is that it has failed.
According to Kathimerini, "Greek businesses are not ready for the expansion of plastic money through the compulsory use of credit and debit cards for everyday transactions."
Unlike in the rest of the world where "the stick" approach will likely to be used, in Greece the government has been more gentle by adopting a "carrot" strategy (for now) when it comes to migrating from cash to digital. The government has told taxpayers that they will have to spend up to a certain amount of their incomes via bank and card transactions in order to qualify for an annual tax-free exemption.
This appears to not be a sufficient incentive however, as a large proportion of stores still don’t have the card terminals, or PoS (Points of Sale), required for card payments, while plastic is accepted by very few doctors, plumbers, electricians, lawyers and others who tend to account for the lion’s share of tax evasion recorded in the country.
Almost as if the local population realizes that what the government is trying to do is to limit at first, then ultimately ban all cash transactions in the twice recently defaulted nation as well. It also realizes that an annual tax-free exemption means still paying taxes; taxes which could be avoided if one only transacted with cash.
For the government this is bad news, as the lack of tracking of every transaction means that the local population will pay far less taxes: a recent study by the Foundation for Economic and Industrial Research (IOBE) showed that increasing the use of cards for everyday transactions could increase state revenues by anything between 700 million and 1.6 billion euros per year, and that the market’s poor preparation means that the tax burden has been passed on to lawful taxpayers. As a reminder, in Greece, the term "lawful taxpayers" is not quite the same as in most other countries.

What is more surprising is that according to data seen by Kathimerini, PoS terminals in Greece amount to just 220,000, and that despite the fact these were effectively forced on enterprises with the imposition of the capital controls, an estimated half of all businesses do not have card terminals.
Almost as if the Greeks would rather maintain capital controls than be forced into a digital currency by their Brussles overlords.
According to Finance Ministry calculations , the number of terminals the market requires for a satisfactory geographical coverage in the basic categories of small enterprises and of the self-employed to 450,000-500,000, which appears impossible for 2016.
As for consumers, the increase in the number of debit cards after the government imposed the capital controls has brought their total to 1.7 million across Greece.
And yet, despite the aggressive push to force everyone out of physical cash and into digital money, the experiment has so far failed. How long until the IMF, Troika, or Quadriga or whatever it is called these days, uses Greece as the Guniea Pig for the next monetary experiment, and "advises" the Syriza government that if it wants the bailout money to flow, it will have to do away with all physical cash within its borders. A successful implementation, first in Greece, would then mean that the global decashification process can continue in other western nations.

 http://www.zerohedge.com/news/2016-02-21/greek-attempt-force-use-electronic-money-instead-physical-cash-fails

Capital Control by gun, taxation, imprisonment

The European Central Bank has shed some more light on its operations in 2015, the year wherein it decided to forget about the free market economy as the bank has become one of the main market participants now.
The Central Bank’s net income from the asset purchase program increased from 2M EUR to 161M EUR, and the asset purchase program was responsible for the 9.4%  increase in the net profit of the bank. Indeed, the ECB has made a very handsome profit of almost 1.1 billion Euro, which was distributed amongst the national central banks in the Eurosystem.

Removing any outs from a beast controlled digital system, take your cash.

Source: ECB
What’s more important is the fact the size of the balance sheet of the ECB is increasing again. At a very fast pace! The total value of the balance sheet of the Eurosystem was 2.8T EUR as of at the end of 2015 (which is approximately $3.1 trillion). That’s a substantial increase compared to just 2.4 trillion last year, and there are no signs of seeing the expansion of the balance sheet slowing down as not only will the ECB continue its asset purchases, it’s even considering to expand its monetary easing program by stimulating the markets even more.
At the same time, the war on cash has started, and several officials and market participants have claimed the bank notes of 500 EUR (and even 200 EUR) should be banned, whilst for instance in the USA, Larry Summers wants to get rid of the $100 dollar bill. It’s understandable the governments are getting nervous about the force of people drawing down cash and hoarding their cash (and other assets) outside of the traditional banking system. Perhaps the next chart explains everything in just one powerful image.

Too many withdrawals by people who can read the writing on the wall

Source: yardeni.com
The total amount of bank notes has increased by 57% since the end of the global financial crisis, and this really is an indication the European citizens still don’t trust financial institutions with their assets. It’s truly remarkable to see such a sharp (and steady!) increase of the total amount of bank notes in circulation and it’s totally understandable why this makes the monetary powers ‘nervous’.

Source: Santander presentation
On top of that, the situation in for instance Portugal seems to be deteriorating once again. The country has been trying to convince the European Commission and the ECB it knows what it’s doing and that it has a plan to get the country back on the right track, but apparently that’s not what the ECB-team saw in Lisbon. The mainstream media seems to have fully ignored this report, but we feel this could be an important problem as it seems to be just a matter of time before Portugal will need a new bail-out.

While the authorities have committed to comply with European budgetary rules, the effort to reduce the underlying structural budget deficit needs to be significantly increased. […]The adjustment in the underlying structural deficit in 2016 reflects an insufficient consolidation effort. […]Banks continue to consolidate their balance sheets, albeit at a slower pace than previously observed, and have seen minor improvements in profitability. […]high levels of non-performing exposures continue to weigh negatively on profitability and capital.

This doesn’t really make us feel comfortable at all, and as the European economy still isn’t improving, Portugal might have to beg the institutions for more cash.

 http://www.zerohedge.com/news/2016-02-21/while-ecb-starts-war-cash-european-citizens-start-hoarding

Killing the 100 - the store of value for those who hold onto cash instead of being slaughtered by bail-ins and NIRP

There has been a big push since New Years in the Financial circles for a cashless society, the cover story being Negative interest rates or NIRP. It's a LIE. It's all about TOTAL CONTROL OVER THE PERSON, forcing them to do anything they wish IN ORDER TO BUY AND SELL. JUST LIKE REVELATIONS IN THE BIBLE HAS SAID.

That's right. All the cover stories and lies being told in the Wall street Journal, Financial Times, Bloomberg, etc, is all Network BS to cover the REAL MOTIVE. None shall buy or sell, without government approval.

Criticize the government, they turn off your number.

Protest fascist agendas, they turn off your number.

Be an individual,  they turn off your number.

Think for yourself,  they turn off your number.

Expose Fukushima, chemtrails, satanism, et al, they turn off your number.

Disagree with Social Justice fascism in all its flavors, they turn off your number.

Do anything, anytime, anywhere, THEY DON'T LIKE and,  they turn off your number.

When they turn off your number, or card, then with cash banned, you cannot buy or sell, pay bills, or engage in any kind of commerce.

The Beast System is hard by the door. And all these articles and such are just mental public conditioning to get people's minds ready for Orwellian nightmare they have planned for us.

The Bankster War on Cash; JPMorganChase Begins to Prohibit the Storage of Cash in Its Safety Deposit Boxes

Letters are apparently going out to some JPMoragnChase customers announcing that cash will be prohibited from being stored in the bank's safety deposit boxes.

At the Collectors Universe message board, a commenter reports:

My mother has a SDB at a Chase branch with one of my siblings as co-signers. Last week they got a letter outlining a number of changes to the lease agreement, including this:

"Contents of the box: You agree not to store any cash or coins other than those found to have a collectible value."

Another change is that signatures will no longer be accepted to access the box. The next time they go in they have to bring two forms of ID and they will be issued a four-digit pin number that will be used to access the box then and in the future.

Professor Joseph Salerno of the Mises Institute writes:

 As of March, Chase began restricting the use of cash in selected markets, including Greater Cleveland. The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans. Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes . In a letter to its customers dated April 1, 2015 pertaining to its “Updated Safe Deposit Box Lease Agreement,” one of the highlighted items reads: “You agree not to store any cash or coins other than those found to have a collectible value.” 

Just last week,  Citigroup's top economist, Willem Buiter, wrote a report calling for the abolishment of cash as a sound policy.

Hide your wallets, the banksters are on the move.