A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash

Money and More ^ | 01 Jan 2017 | Norbert Häring

[SaveFerris]

[Obama wants the World on “Obama Credits”?]

Maybe it wasn't a coincidence that the day after he was elected, his home state Pick 3 (evening) was 666. Some have misunderstood this to be November 4, allowing the liberals at Snopes to set up a straw man argument about that election and this.

http://www.illinoislottery.com/en-us/Winning/Winning_Number_Search/winning-number-search-game.html

11/05/2008 Evening Pick 3 6-6-6

[shibumi]

"That is against US tax law."

Trust me on this one.
If the FedGov tried to nullify circulating currency,
tax law is the last thing anyone is going to be concerned with.

(And FWIW I am extremely well acquainted with current withholding regs.)

[SaveFerris]

It will come (at first) in the form of systems that can support it. I do not necessarily think that all systems were or are being engineered with this in mind; but it will have the resulting effect.

I read about this system in the very, very late 1990’s. I saw this commercial in 2007. And we’re 9+ years past that.

Eventually, we’ll say goodbye to cashiers in a lot of stores and even self-checkout. This is worth 1 minute of your time (1:01 IIRC).

---

IBM RFID Commercial - The Future Market - paying without cash or checkout lines

https://www.youtube.com/watch?v=eob532iEpqk

---

How we get there, exactly, I do not know. But I do know, ALL of Bible Prophecy shall be fulfilled. I pray for President Trump to learn of such things and make the best decisions he can starting January 20 going forward.

[SaveFerris]

Oops, my secondary ping failed

[oblomov]

China is trying to set up a currency regime that competes with the US as the global reserve currency. Behind the scenes, the US has been trying to stop them, and this is a (misguided) tactic in that strategy.

[oblomov]

Agreed...

[Vince Ferrer]

If it ever comes to America, America is done for. A cashless society is not a free society. a cashless society is an enslaved society.

I don't think it ever will, since cash enables an underground economy, and the ruling class depends on it as well.

[PGR88]

Gold is the currency of freedom - easily transportable, rare, easily stored, can’t be printed or created, nearly uncontrollable by governments, and an ultimate check on governments’ stupid/ruinous economic policies.

[oblomov]

I agree. I also have silver, Platinum, and Palladium in my save haven portfolio.

And some bitcoin, but much more PMs than BTC.

[arthurus]

If you do zero withholding then you have to pay estimated taxes quarterly and you must have paid in no less than 90% of what you owe at the end of the year.

[Impy]

There would be blood in the streets if this insanity was attempted here.

[shibumi]

I’ve been self-employed for over half of my working life.
I’m well aware.

[Elsie]

Talk about a transplant attempt to give the US full control over India’s monetary system.

"My name is Apu. How may I help you?"

[Elsie]

This was CONVERTABLE to REAL money.

[Elsie]

I also have silver, Platinum, and Palladium in my save haven portfolio.

Paper?

Have you no chunks of metal to hold in your hand?

[Elsie]

“Could you transfer me to Peggy?”

https://youtu.be/F8L2cI8brzQ

[oblomov]

My safe haven portfolio is physical PMs.

I do have some royalty gold company shares, but those are stock trades, not gold per se.

[SunTzuWu]

Bookmark.

[Elsie]

[Former Proud Canadian]

Not rubles comrade. Read my tagline.