Interesting Financial Heads Up "Post" I read…

[Big BossParticipant 4496]

Hey, pardon the “OMG ALL CAPS PANIC” tone of this. Still was an interesting read in my view and one that was worth making a topic for.

BANKS SET TO GO CASHLESS GOING TO CRASH THE BOND MARKET: ONE OF THE MOST IMPORTANT HEADS UP FINANCIAL -Anon
03/04/17

BANKS SET TO GO CASHLESS GOING TO CRASH THE BOND MARKET:ONE OF THE MOST IMPORTANT HEADS UP FINANCIALLY, I HAVE EVER POSTED –

I work IT at one of the highest technical positions in a major telecommunications firm. The only position higher than the one my colleagues or myself holds, is the CIO position.

We usually get info way before implementation. There is now a project going on in banks to implement block chain technology. This is very different from past reports as the previous reports were banks testing it out.

The testing is complete. Contractual discussions between banks and a big three letter company are underway. The details are more or less related to a typical service. But, still blockchain technology will be used to track people, their payments and enforce much higher taxes.

Personally, almost all of my assets are outside of the banking system. I work with banks daily and have hundreds of clients. So, obviously I have some experience to back up my decision.———–A second note about bank warnings.

1. ECB has put out recent warnings about the volatility in the forex and
bond markets. I believe this is a face saving move, so when big losses
come, they will say “we told you so”.

2. Working with Federal Reserve on a technical project. They are clueless,
have no plans, and make decisions that make no sense. Typically
organizations run from the top down, so, I wouldn’t be surprised if the
heads of the Fed are the same. Hard to say if they are malicious or just
brain dead. HERE ARE HIS RECOMMENDATIONS AS AN INSIDERS INSIDER

1 – Know that all your transactions can be tracked and are shared between governments.

2 – Gold & Silver are a must. I have used it to pay friends when I didn’t want transactions showing up on my bank account.

3 – I like bitcoin. I know some people think this was created by “the elite”, but why create bitcoin and leave it there while creating your own independent blockchain tech to back up fiat currency transactions? This tells me it is not elite controlled, at least, not completely. And, there is some anonymity there for privacy concerned people.

4 – Hold cash in small bills. Banks are moving towards a cashless society, no doubt. But, there is a major opinion that they do not want to do away with smaller denominations, at least anytime soon. The ECB has new banknote issuance into 2018 and they have the project teams to back up the news. I keep stacks of 5s, 10s, and 20s. From what we have seen in the recent past, it is always the large denominations that are banned overnight.

The rest of the methods I know about are either, illegal or make you look like a criminal. Some are legal, depending on where you set them up and where the moves are made. So, I’d suggest people look into:

1 – Foreign family trusts in nations that do not have a FATCA treaty but also have a stable legal and economic system. This must be done by a lawyer to be done legally and varies from person to person. But, you can use your trust as an intermediary for payments legally.

2 – Hold more assets outside of the banking system. Things that have lasted throughout history and are not always considered financial investments:
– Food & Farmland
– Fine wine (the kind of stuff that is less that 1% of the world’s supply and is rare), very illiquid but in most cases, not regulated by FIN law and not always subject to capital gains tax. Also, very speculative.
– Having a trade network on your own. Learning how to trade goods you can produce. (Big Boss: FYI, this little line was something I highly recommend and one of the reasons I posted this.) This is how families survived the Soviet Union and the famines.

That is all I have, but, the only way to beat the blockchain technology is to not use it. That means both being outside of it’s system and doing low tech stuff from the past.

[BeerParticipant 11832]

I could care less if all my purchases are tracked. I already put everything I can on my credit card anyhow. I find it a massive inconvenience when I go to pay for something and they only take cash…then I end up with a pocket full of change and that’s f~~~ing annoying when I could have just swiped a card.

I mean…how do you bitch about a cashless society and then say you like bitcoin lol.

[TuneoutParticipant]

Big Boss wrote:

2 – Gold & Silver are a must. I have used it to pay friends when I didn’t want transactions showing up on my bank account.

I agree Boss,IF it is in YOUR possession,otherwise if it is on paper only in the event of a financial crisis,you can kiss that goodbye too.

Lifes a bitch,but you don't have to marry one!

[Faust For ScienceParticipant 22521]

A cashless banking system is only one system crash away from a bankless system.

The globalists obsession with controlling the people are causing them to set themselves up for an epic fall.

For example India. That nation’s government banned the currency and not 80% of the population is completely broke instead of living payday to payday.

Interesting, there has been a news blackout on India for the last few months. But, I am sure the news is not good.

Of course if the bankers crash the economy in this political climate, they are forgetting a few facts. The people trust the president more than the press. The president is a bankruptcy expert. And the president will have the banks to blame as perfect scapegoats for this mess.

[Anonymous 0]

Timely advice. Thanx, Big Boss
I’ve been saying it for a long time; silver and gold will never let you down. Also, thanx for the tip about small bills. I could do that.

[cj023Participant 723]

So I hold just cash in 100’s. What should I do, and by what time?

[bladeParticipant]

Got nothing myself to loose but know old people that do

THE PLANTATION HAS NOW TURNED INTO THE KILLING FIELDS . WOMAN ARE NOW ROLLING CAMBODIAN STYLE .

[bladeParticipant]

Intresting thread .

THE PLANTATION HAS NOW TURNED INTO THE KILLING FIELDS . WOMAN ARE NOW ROLLING CAMBODIAN STYLE .

[MagusParticipant 424]

Good info big boss.

[Big BossParticipant 4496]

cj023 wrote:

So I hold just cash in 100’s. What should I do, and by what time?

Well it was posted Saturday. Usually they implement stuff like this within a year give or take. Hard to gauge since again, it is an anonymous source that may or may not be within the system. It could be a LARP’er for all we know. There could be delays.

The point is, usually diversify your assets that you can have ON HAND in case of difficulty with a bank. Don’t just keep your bulk cash in a bank where it becomes inaccessible in a sudden bank holiday, or worse, subject to hidden taxes the bank pays by applying and passing on the hidden fees on you.

Some of this stuff you can do now like getting together a personal trade network of your own. Even if you have little to provide, now is the time to know how to get things in a tight or deteriorating economy dealing with a economic correction.

[TaxGuyParticipant]

Question for you Big Boss. I’ve been reading up about block-chain and trying to figure out if there are any publically traded companies that will cash in on it. Do you know of any public companies that build the block-chain technology? Outside of the banking industry, I see a big future in block-chain.

And to your point, I have a pretty big fear of a cashless society. Just think about one issue. If you never use cash, then the bank will know every place you spend your cash. Now think about your grocery store. You probably had to join some savings club to get the best prices. What would stop the government from looking into where you shop and then getting ahold of all of your grocery purchases? Then they could give it to the government health insurance exchange. Suddenly your premiums go up because you eat too much fat or buy too much beer every week. All of that information is out there, the government just needs to pass a law to give themselves access. And not letting you use cash is the way to make sure you can’t circumvent the law.

Order the good wine

[It’sallbsParticipant]

Beer wrote:

I could care less if all my purchases are tracked. I already put everything I can on my credit card anyhow. I find it a massive inconvenience when I go to pay for something and they only take cash…then I end up with a pocket full of change and that’s f~~~ing annoying when I could have just swiped a card.

I mean…how do you bitch about a cashless society and then say you like bitcoin lol.

Imagine a cashless society. imagine you lost your job and 6 months later your bank balance says zero or minus.

You can’t go pawn your tv to by food with because cash is no more.

Computer says no…

http://www.leavemeansleave.eu

[Big BossParticipant 4496]

TaxGuy wrote:

Question for you Big Boss. I’ve been reading up about block-chain and trying to figure out if there are any publically traded companies that will cash in on it. Do you know of any public companies that build the block-chain technology? Outside of the banking industry, I see a big future in block-chain.

And to your point, I have a pretty big fear of a cashless society. Just think about one issue. If you never use cash, then the bank will know every place you spend your cash. Now think about your grocery store. You probably had to join some savings club to get the best prices. What would stop the government from looking into where you shop and then getting ahold of all of your grocery purchases? Then they could give it to the government health insurance exchange. Suddenly your premiums go up because you eat too much fat or buy too much beer every week. All of that information is out there, the government just needs to pass a law to give themselves access. And not letting you use cash is the way to make sure you can’t circumvent the law.

Likely companies like IBM, Microsoft, Oracle, and Adobe. You’d have to really look into which companies are software developers. Or are big enough to buy rights to block-chain IP’s.

If your looking for real meat such as a not yet known company that has all the right people and going to go into massive growth because they provide the type of product you are looking for, you need inside information and be a trader who is aware of the silicon valley environment.

[BeerParticipant 11832]

It’sallbs wrote:

Imagine a cashless society. imagine you lost your job and 6 months later your bank balance says zero or minus.

You can’t go pawn your tv to by food with because cash is no more.

Computer says no…

So he’d just credit my checking account instead, then I’d go swipe my card. I have about 0.0001% of my net worth in cash right now…literally less than one days pay. If the fear of cashless is the government f~~~ing me over…I’m already susceptible to that and I’m not going to go out and buy hundreds of thousands of dollars worth of gold or start burying cash in jars or anything stupid like that. Every year I do something dumb like that that the government doesn’t f~~~ me over and steal all my assets would be me mini-f~~~ing myself each year instead.

With technology the way it is today there is no reason transactions like that can’t be completed instantly and charging an expense to an account with insufficient funds should just say YOU DON’T HAVE ENOUGH MONEY rather than them f~~~ing you up the butt with over draft fees.

[Y_Participant 4591]

Thanks for the heads up.

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