The war on cash continues: Bilderberger Larry Summers wants to "kill" $100s and $50s.

originally posted by: FamCore
a reply to: gladtobehere

They also want to do away with the $500 Euro which would reduce their cash supply by 30%.

I'm pretty sure they are talking about "discontinuing" the denomination, as in they won't make any more of them (but whatever is out there will still remain in the money supply).

I'm surprised they haven't done this already

What is the difference?

It is the cheapest way to get rid of them as long as they are not in a hurry.

originally posted by: AugustusMasonicus
I like it since it makes counterfeiting more difficult. A million dollars in 100's weighs 22.5 pounds, the same amount in 20's is 5 times more.

Counterfeiting? It's mostly an overseas problem currently, with the older Benjamins. Counterfeit US currency is more of a problem for Zimbabwe etc than the US.

The real issue about weight isn't about counterfeiting at all, it's about how much legit cash you can fit in a typical private jet after embezzling it from your company or country and deciding it is time to make a run for it. IIRC, gold has a cargo weight issue but cash is just a volume issue.

But...what you won't like from an anti-cash approach is the evolutionary response that WILL happen. Who knows what exactly it is, but Bitcoin is just a hint of what could be stimulated into existence, what with necessity being the mother of invention, and nature abhorring a vacuum.

It's like how if copyright trolls convinced the government to crack down on people pirating porn in the US with some oppressive, technological approach. Say it works at first. Then the nerds get serious and defeat the new blocks...and their eventual result turned out to be more or less unbreakable encryption allowing anonymous web browsing and communications for ANYTHING...all because they made the mistake of putting up road blocks between some serious nerds and their free vanilla porn.

Some people like that idea of course, but murder of all sorts, human trafficking, and plenty of legitimately wretched sh** would flourish obviously from indefeatable anonymity/encryption tech for all, so I think the people who like it for other reasons tend to just be turning a blind eye to the wretched stuff out of wishful thinking.

And who knows, that was just supposed to be an example but it might not be so far off the mark, because digital money is very much tied up with the encryption issue.

One hilarious evolutionary workaround I can think of for the cash volume issue: trailers for airplanes. Have airplanes tow a trailer like a truck. It should be very doable now with the same sort of auto-leveling auto-pilot software used for drones. Some designs probably could just have wings and drone style rotors, others might have their own engines or at least significant power-plants. So then a dictator making a run for it could tow an extra trailer full of cash and other relatively light weight cargo.

www.seeitornot.faketrix.com...

originally posted by: 11andrew34
Counterfeiting? It's mostly an overseas problem currently, with the older Benjamins. Counterfeit US currency is more of a problem for Zimbabwe etc than the US.

Counterfeiting devalues United States currency regardless of where it takes place.

Right on cue, the establishment minions in the media fall in line:

Why $100 bills and €500 notes may soon be killed off.

Which brings another question to mind, who has the power to decommission our money?

Can the Fed make a unilateral decision? After all, they are "Federal Reserve Notes"...

Wheres Ron Paul when you need him...

I do not even know when they last time I used cash to buy something. Or even had cash on me. It is kind of like a check book now.

a reply to: AugustusMasonicus

You won't like it if they actually do it though. Removing cash from use removes economic freedom from the individual to do what they want with their own money. Just imagine only being able to buy anything retail from stores. You could also never simply pay someone for help doing something or even just to give some money to someone. That's only if they just remove cash.

But what happens when you aren't allowed to buy certain items because your HealthCare Provider has restricted your diet. Or you're not able to purchase something because you've been put on some restricted list of some kind.

Then there is always the fact that to control you with force they can just take your digital money anytime they want or simply stop all transactions in your account and you can purchase nothing at all because you don't control your own money at all.

The situations are endless. Controlling money and removing cash is the ultimate checkmate. Our world revolves and functions primarily on money already. Cash is the only money you truly control because it's on your person in a physical form. You can buy and sell or exchange money freely. That is all gone once cash is gone.

originally posted by: mOjOm
You won't like it if they actually do it though. Removing cash from use removes economic freedom from the individual to do what they want with their own money. Just imagine only being able to buy anything retail from stores. You could also never simply pay someone for help doing something or even just to give some money to someone. That's only if they just remove cash.

This was about ceasing printing of $50's and $100's to make it more difficult to counterfeit United States currency, not about eliminating cash altogether.

I'm not a fan of crypto-currencies, but a move like this will push me towards them quickly. Would be funny as hell if they did something like this and it completely backfired and pushed people into crypto-currencies. Can you guess what the next outlawed thing would be?

They can track and trace me all they want, i got nothing to hide, i have no need for dirty bacteria spreading money bills or coins. just rfid me already the future is here and its bright unless you are a criminal or got something to hide.

a reply to: gladtobehere

This is pretty minor as far as what has already been done (very successfully) to enslave us all to government and banks. It's been WAY too late for way too long to try to put up any sort of meaningful fight.

It's like we're all chained to a wall in a dungeon and getting bent out of shape because our gruel cups are being taken away.

Any time I have a $50 or $100 it's always a bitch to get anyone to even accept it.

I suppose we can still complain.

ETA I once brought about $30k into my bank and deposited it no question asked.

Why don't they bring back $10 and $20 coins? Make them bigger than a quarter, a $20 coin could be the size of an old silver dollar, a $10 coin could be the size of a 50 cent piece. They'd be much harder to fake and also nearly impossible to destroy or wear out over time. Its time to remove the Federal Reserve from the money making game.

The banks report every transaction to DHS that's above 10,000. But they err to the low side so that 5000 will draw a report....
Police will swoop down on you at your home or on the way.....they seized billions in cash from ordinary people already....wake up for gods sake...
You are looking at total control.........90% in place already...

originally posted by: neo96
So we lost the $10,000 bill. Ok the people never really had that one. It was used between bankers.

We lost the $1000 bill.

We lost the $500 bill.

We are losing the $100 bill, and the $50.

If they want to do away with something get rid of pocket change.

No, don't get rid of pocket change.

Coinage is US treasury, Bills are Federal Reserve Notes. If there comes a time to "do away" with US Federal Reserve Dollars and their associated debt (and that means if you want to convert your federal reserve notes and bank accounts to the new currency, you will have to pay a "fee" to do so which will greatly curtail the available money supply).

It has been hypothesized that if the Federal reserve notes are replaced, it may be at a 10 old to 1 new ratio. If the treasury re-issues US treasury dollars, coins should remain face value in treasury dollars. Thus increasing value x10.

Never hurts to have a few bank boxes of half dollars stashed away

originally posted by: AugustusMasonicus
This was about ceasing printing of $50's and $100's to make it more difficult to counterfeit United States currency, not about eliminating cash altogether.

Right....and you really buy that???

It will start with the 50's and 100's and once that happens they'll be saying since we don't have those anymore we might as well phase out the rest too. After all without those we'll be that much more used to not using cash even more than before.

They've been discussing this already and you can count on the fact that it's where they want to go. Once there is no more cash they can start with the negative interest rates and so on.

Every time they want to get people to go along with something they always use the same stupid excuse of "Save us from the terrorists." That or "Save the children." Whenever you hear those you can be 99% sure you're being screwed. That's the same excuse whenever they want to take away any of your liberties too.

a reply to: gladtobehere




Started reading the replies here and was shocked how many say they don't carry cash for a variety of reasons. Being an old guy, I guess, I see cash and privacy linked together. It's nobody's business what I buy and where or who I buy it from. With a debit or credit card everything is recorded for every stinkin' purchase I've made ! I love when I go and buy a used car with cash and they get three different people to count it .

originally posted by: Curious69
They can track and trace me all they want, i got nothing to hide, i have no need for dirty bacteria spreading money bills or coins. just rfid me already the future is here and its bright unless you are a criminal or got something to hide.

Wow, you must be in your 20's, I 'd guess.You've got nothing to hide and no idea what privacy means. I hope you're kidding about wanting to be chipped......we're doomed with this mentality.

a reply to: gladtobehere

There's been similar noises made in the UK about the £50 note

The £50 note should be scrapped by the Government to prevent tax evasion and financial crimes, a former bank boss has suggested.
Peter Sands, the former chief executive of Standard Chartered, who is an adviser to the British government, said eliminating €500, $100, SFr1,000 and £50 notes would remove a means of committing fraud.

www.telegraph.co.uk...

As mentioned a cashless society is the aim. Much easier to control someone/society when you can make them destitute with a click of a mouse.

a reply to: conspiracytheoristIAM

nope in my 40's and had a long time to think it over, i like things to be convenient and paper money really aint.
sure being connected can be abused but in reality anything can, and if you are afraid of your politicians it just means that you choose the wrong ones, the ones controlling you are not stronger than we allow them to be.

a reply to: gladtobehere

Is that Hillary Clinton on bottom right of photo???

a reply to: Phil123

inflation/deflation can controll paper money just as easy as electronic valuables can be controlled.
maybe a emp burst could wipe all your values but in the case of wide spread electronic breakdown paper money would be worthless too. food and medicine would be unpayable anyways and quickly run out, maybe paper money could be used to light a fire but that may very well be the only value.