First they Lock your money in; prevent withdrawals; then TAKE 8% to “recapitalize banks”
InvestmentWatchblog.com
September 19th, 2015
People in Greece are getting a first hand look at what it means for banks to have total control over the money supply; and the rest of us should look very hard at what this means if a country goes to a “cashless society.”
As we all know, when Greece defaulted on its national debt, banks were closed and people were limited to 60 Euros a day from ATM’s. When banks re-opened 6 WEEKS later, those withdrawal limits REMAINED!
Now, Europe has enacted “Bail-In” laws to seize depositors’ money when a bank fails. For folks in Greece, this means losing EIGHT PERCENT (8%) of their money as early as January 1.
Around the world, Bankers are telling governments that the tool they need to “stabilize” financial markets and banks, is for countries to go to CASHLESS societies. All the “money” would be digital and no one could take their funds OUT of the system because cash would be gone.
Well, take a look at what’s now taking place in Greece and apply it here. Imagine your country goes “cashless.” The bankers continue to wheel-and-deal, making reckless investments which then go bust. In a digital monetary system, the Bankers hit a few keystrokes, take YOUR money and start their wheeling and dealing all over again.
No rational person should support cashless anything. The Greeks are showing all of us the outright THEFT of their deposits and we should all learn from what’s happening to them.
The Rest…HERE
