Thursday, November 24, 2016

The Termination Of Cash 
Is Approaching Rapidly
It's Financial Repression
"The hunt for money is intensifying with the aid of banks no less. India was the balloon. They simply canceled the current notes with no notice and imposed a 90% tax on anyone holding the high denomination notes. This is how the world governments operate. The first bail-in was done in Cyprus. We were even contacted by members of the government trying to push back against the EU. We provided the solution, but the government did what the EU wanted because this was a test. If they got away with it in Cyprus, then the 'bail-in' would become a contagion .. We warned, Cyprus, then Greece – who would be next .. Now following India, Citibank is refusing to accept ANY cash in some of its branches in Australia. Banks support eliminating cash for that means they eliminate bank runs. Government benefits for they can simply seize your money without any notice whatsoever. The ONLY way to get off the grid for serious money is to run into equities. The only way to hedge broker risk is to take delivery of the share certificates and do not leave them in  the street name."
- Martin Armstrong
link here to the reference

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