Posted on 02/14/2017 9:02:03 AM PST by indthkr
The time will come when you won't be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds.
“Governments are always looking out for themselves first, and it's the same old thing that has been going on for hundreds of years. The Indians recently did the same thing. They withdrew 86 percent of the currency in circulation, and they have now made it illegal to spend more than, I think it's about $4,000 in any cash transaction. In France you cannot use more than, I think it's a €1,000,”said Rogers in an interview with MacroVoices Podcast.
“Many countries are already doing this. Some states in the US you cannot make cash transactions above a certain amount. Governments love it. Then they can control you. If you want to go and buy a cup of coffee, they know how many you drink, where you buy them, etc., if they can all put it into electronic formats and they will. The world is all going electronic,” the investor said.
According to Rogers, governments will claim they are doing it for the public good, not for themselves.
“When it's done, the governments are going to be very, very happy they are going to say they're doing it for our own good, this is not them, this is for our good. That they're doing this, but it’s coming, and it's going to be a whole different world in which we live. Probably we are not going to have as many freedoms as we have now even though we are already losing our freedoms at a significant pace,” Rodgers told the radio.
This month, the European Commission proposed a bill targeting cash payments.
"Payments in cash are widely used in the financing of terrorist activities… In this context, the relevance of potential upper limits to cash payments could also be explored. Several Member States have in place prohibitions for cash payments above a specific threshold," said the Action Plan.
Jim Rogers is an American businessman, investor, and financial commentator, currently based in Singapore. Rogers made his name in the 1970s after founding a top-performing fund with George Soros.
Buy silver, gold, and ammunition. If they come for the former then give them the latter.
“”Payments in cash are widely used in the financing of terrorist activities”
The pallets of cash 0bama sent to Iran come to mind.....
...and that's all you need to know about Jim Rogers.
I wonder just exactly how a law against using cash over a certain amount would affect a terrorist operation.
The technology currently exists that will enable everyone to have a chip implanted in either their hand, or possibly their forehead. The chip could then be scanned each time the person engages in a financial transaction, eliminating the need for hard currency. The major drawback will be that when that day arrives, no one will be able to buy or sell unless they have the mark.....HEY, WAIT A MINUTE!!!!
Yeah right... we see governments around the world allowing the growth of terrorism, not fighting it.
Government cant control private citizen cash transactions, this is all about government control, its all about government power and greed, its all about the power of taxes.
Terrorism... pppgghhht .... what European government is seriously trying to stop terrorism?
I would expect that when they destroy cash that the black market will come up with a whole new trade “currency”
“I wonder just exactly how a law against using cash over a certain amount would affect a terrorist operation.”
It doesn’t.
Ebay and Amazon are both being used to launder and transfer money to criminals and terrorists worldwide. Look for yourself, it is very easy to spot.
When cash goes, freedom is gone. If it’s not one of your lines in the sand it should be.
Of course the politicans will need some thing to be bribed with. Probably bitcoin.
Its what criminals already use.
Of course they won’t use this as a tool to eliminate the employment of illegals. They will be allowed to bypass the rules.
Yeah, something like .22 ammo...
Many terrorists also eat breakfast. Watch for anyone eating in the morning!
Wow. I knew all the rest about Jim Rogers, and that he left the best country in the world (USA) for what he thinks is a 'superior' place (Singapore), but I did NOT know he was affiliated with George Soros. Thanks for that information.
” Some states in the US you cannot make cash transactions above a certain amount. “
I have never heard of this! It would be nice to know if this is true and if true, which states and how much.
Jim Rodgers, March 2017.
“100% probability of a recession within a year.”
I just tagged it from the article. I already knew that he is a big globalist.
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