NIRP: Safes Sell Out In Japan, Cash Hoarding Begins Around The Globe! Banks Move To Ban Large Bills

People are responding and waking up to the threat (and in some places already reality) of The Central Banksters plot to charge you for saving money utilizing Negative Interest Rate Policy (NIRP - know the term, we will see more of it).

This is the reason they want to ban cash, starting with Large Bills like the 500 euro and 100 dollar bills. If you don't leave your money in the bank for them to tax and steal then their NIRP plans will not work. Looks like the Swiss have made a run on their 1,000 franc notes and the rest of Europe and the US may not be far behind.

Safes are selling out in Japan.

Get Ready.


New York Times Editorial Board Endorses Economic Fascism – Supports Banning the $100 Bill
www.blacklistednews.com... tml

Central banks understand that everything they’ve done so far has failed, so they are becoming increasingly desperate. Part of this desperation has translated into a negative interest rate policy (NIRP) in various parts of the world. The only problem with aggressively implementing NIRP is that citizens can pull their money out of the banking system in response to being charged a percentage of deposits by the criminal, bailed out banks. If this happens, negative interest rates can’t “work” (not that they would boost the economy anyway).

The above is obvious. The correlation between central banks launching a negative interest rate policy and global “leaders” suddenly becoming concerned about criminals using cash is no coincidence. The New York Times editorial board cannot be so financially illiterate that they don’t know this. As such, the only logical conclusion one can reach is the editorial board is intentionally attempting to lead its hapless readers off a cliff into monetary fascism.

Safes Sell Out In Japan, 1,000 Franc Note Demand Soars As NIRP Triggers Cash Hoarding
www.zerohedge.com...

Negative rates may not have found their way to bank deposits in most locales (yet), but that doesn’t mean the public isn’t starting to see the writing on the wall.

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.

a reply to: infolurker

It is going to be a difficult shift, but the inevitable end of fiat currency will be a great thing for the world.

I am hoping that at some point some can answer the question....Who exactly do we all owe the most recent figure of 230 Trillion dollars?

Yes the fit has hit the shan.
Consumer confidence is lower than a snakes belly.....
Their lifestyle tells them its all going downhill....
Food prices have risen in all kinds of way, smaller packaging....cheaper ingedients etc etc,
Money is not going as far as it used to by a long shot.....
Soon all those pension funds will be defaulting......
Pensions will be cut in half or worse....
Buy some gold and guns and ammo....get ready for economic tsunami....

My answer is...

Shut up and work harder the unemployment rate is down.

fiat money should only last 12 years after the total withdraw of gold backing....we're lucky to get this far.....computers made derivatives...the only reason it lasted so long

a reply to: infolurker

No threat the US stopef making denominations larger than 100 in 1945. So this restriction had already been in place you just didn't notice. And shocked has no effect on the economy what so ever. The larger denominations were so rarely used by anyone other than banks no one noticed. So what does that mean the US has been in compliance with thus since the 4os.

originally posted by: dragonridr
a reply to: infolurker

No threat the US stopef making denominations larger than 100 in 1945. So this restriction had already been in place you just didn't notice. And shocked has no effect on the economy what so ever. The larger denominations were so rarely used by anyone other than banks no one noticed. So what does that mean the US has been in compliance with thus since the 4os.

What are you talking about?

a reply to: dragonridr

100s bills are going to finally be banned then 50s will follow. God how i hate 50s lol

What will we do for hyperinflations? Wheelbarrows?

a reply to: bandersnatch

Wheelbarrows full of bread and water.

Uh oh. maybe its about time to start investing in bitcoin.

a reply to: Bandersn4tch

Been time they are still climbing back up again.

well there goes bitcoin dropping like a rock right now

Japan's govt. allowed businesses to leave Japan. American govt. has allowed businesses leave America. Took a while for the negative interest rates to introduced here in Japan. The reason why, the best I know of, banks do not charge you a fee if your balance goes under a certain amount. American banks have just been calling it a service fee. Really all along the negative compound daily interest rate existed for some time.

Can someone figure this out.

Wells Fargo charges a service fee of 5 dollars a month if your balance goes under $300 a month. How much is the actually negative interest rate on this account.

originally posted by: dragonridr
a reply to: infolurker

No threat the US stopef making denominations larger than 100 in 1945. So this restriction had already been in place you just didn't notice. And shocked has no effect on the economy what so ever. The larger denominations were so rarely used by anyone other than banks no one noticed. So what does that mean the US has been in compliance with thus since the 4os.

I don't know about that ? A small money changer in Jeddah Saudi Arabia just across from the main entrance of the airport had stacks and stacks of 1000 dollar bills all bundled in 100,000 ties. That was 1979..

Very possible Americans were not allowed bigger bills but there were plenty of 1000 dollar bills over seas.

It seems like the world is always ending.

I've been watching it end forever now. My dad watched it ending, my grandfather watched it ending, his father saw the end coming...

Keeps me cautious,
but not stupid.

originally posted by: dreamfox1
a reply to: bandersnatch

Wheelbarrows full of bread and water.

But the banks can't print bread....

originally posted by: butcherguy

originally posted by: dreamfox1
a reply to: bandersnatch

Wheelbarrows full of bread and water.

But the banks can't print bread....

It won't be long before you can print your own bread at home.

Of course you could always just bake some in the oven.

a reply to: Nexttimemaybe

Baked at home is better!
But I still can't make it like my grandmother did.

originally posted by: GBP/JPY
fiat money should only last 12 years after the total withdraw of gold backing....we're lucky to get this far.....computers made derivatives...the only reason it lasted so long

I'm interested in how you made the calculations to get to 12 years. Where is your proof of this claim?