Bill Holter: Cash Ban is All about Control. Negative Rates Guaranteed Loss – Buy Gold

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• Bill Holter: Cash Ban is All about Control. Negative Rates Guaranteed Loss – Buy Gold
  by Greg Hunter’sUSAWatchdog.com   (Early Sunday Release) 
  Financial writer Bill Holter says there is a good reason some are pushing the idea of doing away with cash. Holter contends, “It’s not about the drug trade.  It’s not about tax evasion.  It’s really about capital controls.  It’s about corralling the public’s funds into the banks.  Then you go one step further, and they already put bail-in legislation into effect pretty much throughout the West.  So, what they are doing is ring fencing your capital.  If they really do away with all cash and all your funds have to be in the banking system, then basically you are completely controlled. . . . Individuals can be shut off because the state doesn’t like them.”
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  So, when will the powers try and go cashless? Holter thinks, “I don’t think the public would accept it if all of a sudden ‘boom’ they flip the light switch and say that’s the end of cash. . . . I think the public would revolt, and it’s not doable.  I also don’t think there is enough time left in the markets to get it done.  The cashless society will result from either a war or a collapse in the system.  It will be part of the new system.  That’s how they will implement it.  It will be after something big happens.”
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  Holter says that “something” is going to be a global financial calamity worse that the Depression. Holter explains, “The whole system is going to collapse.  We are going to have a bank/financial system holiday where institutions are outright closed.  You are going to see bankruptcies and bonds going poof—just going away.  This is what 2008 would have been had the Fed not spread $16 trillion all over the globe and probably much more than that.   Now there is no central bank on earth that can ride in and save the system like they did in 2008.  They have already shot all their ammunition. . . . When this collapse comes, there is nothing there to reflate the system.  This is the greatest fear of central bankers since the 1930’s, and that is to have a deflation they can’t reflate.”
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