Category Archives: Capital Controls

Bitcoin, a growing Safe haven from the Global War on Cash

The Global War on Cash

Via  @ visualcapitalist.com

[Editors Note:  Below is an excellent Infographic which gives a great overview of  the escalating  global war on physical cash.

In my opinion the war on cash is totalitarianism dressed up as a moral crusade. If governments genuinely cared about drug money laundering, terrorism funding and money laundering they would:

  1. End the war on drugs (Which escalates drug prices on the Black market and incentivises drug trade)
  2. End fiat currency which facilitates the funding of large scale foreign conflicts (A major catalyst for terrorism) without direct taxation of the general citizenry, and political repercussions.
  3. Actually criminally prosecute banks who have carried out large scale money laundering.

(Point 2 is why people believe that Bitcoin in the long run could actually end large scale military conflicts)

Whilst I dont like fiat currency, the risk of removing the physical aspect of currency and making it purely digital  risks dangerously centralising control of global currency with Banks and Governments which will no doubt overtime, turn into a draconian knightmare in light of the ongoing global financial crisis.

As well as yet another fundamental reason to invest, Bitcoin offers people a way to escape the war on cash, this move towards totalitarianism and a way to enable a decentralised financial system which upholds Sound money, liberty, freedom and Volutaryism as core principles. 

Whilst I dont condone any illegal use of Bitcoin as described above, as a society I believe we need to address the core reasons for these certain nefarious uses of cash, rather than thinking a ban on cash is going to resolve these problems]

See the infographic here…

The War On Cash is escalating fast & its one of the main fundamentals driving Bitcoin Price

Via Simon Black via SovereignMan.com,

[Editors Note: The Bitcoin currency is essentially ‘Digital Cash’ hence why the escalating war on paper cash is going to be one of the biggest fundamentals driving the price of Bitcoin.

Check out my video ‘Bitcoin/Gold/Silver – Ultimate Protection against the Global War On Cash and NIRP Lunacy’ that explains this in more detail]

  • “Cash is one of the few remaining options for financial privacy that doesn’t create a permanent record of every purchase or transaction you make.It’s also an easy way to reduce your exposure to risks in the broader financial system.Think about it– the banking system is full of institutions that never miss an opportunity to demonstrate they cannot be trusted with our money”
  • “Hardly a month goes by without some major banking scandal; they’re caught colluding on exchange rates, manipulating interest rates, fraudulently establishing fake accounts without customer consent (and then charging us fees on top of that).It’s disgraceful. In many banking systems across the world (especially in Europe right now), banks have precariously low levels of capital and are already suffering the effects of negative interest rates”

Read more here..

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Got Bitcoin? The War On Cash Goes Nuclear In India, Australia and Across The World

Via Jeff Berwick @ dollarvigilante.com

  • “All these cashless initiatives are a part of a longstanding globalist banking plan to move toward a one-world currency. Though it will be said that cash is being gotten rid of to cut down on things like terrorism, tax evasion, and financial crime, the real reason is to consolidate power”
  • “Governments like to tell you that their actions are for “your own good,” but it never works out that way. If governments ever really gain total effective control over money and your use, expect to be even more deeply impoverished than you already are”

Read more here..

The War On Cash Goes Nuclear In India, Australia and Across The World

2016 Bank Bail Ins Begin as EU Bank “Bailed In” In Austria

Via silverdoctors.com

  • “Bank bail ins in the EU are here after Austria’s financial markets regulator FMA imposed a hefty haircut on creditors in an Austrian bank.”
  • “Creditors in the bank Heta Asset Resolution will receive less than half of their money back according to the country’s financial regulator, the FMA…”

Read more here..

 

Global heat map of CDS (Credit Default Swap) risk

Via zerohedge.com..

[Editors note:  Countries in the red and orange could become a hotbed for Bitcoin adoption, as these countries scramble to implement last gasp capital controls, bail-ins and cash bans in order to delay the likelihood of state level insolvency and financial collapse.

  • “Sovereign Credit Default Swaps (CDS) are financial contracts that measure the risk of default on sovereign debt: the higher the spread, the greater the risk of default.”

CDS Global risk

Source BofA (Click for larger image)

Read more here…

Why A Hedge Fund Manager Who Made A Killing From Subprime Is Buying Bitcoin

Via Zerohedge.com

  •  “Hart believes that the Chinese crawling devaluation is an error as it carries with its the latent threat of much more devaluation in the future, thus encouraging even more outflows, which in turn forces China to sell even more reserves, which destabilizes the economy even further, forcing even more devaluation and so on”
  • “So what is one trade that can be put on to bet on further Chinese devaluation (or outright economic collapse) with limited downside, with unlimited upside, and one which is guaranteed to be profitable if and when the local Chinese depositor herd gets out of Yuan en masse after the next 10%, 20%, 50% or more devaluation and rushes into bitcoin?”

Read more here..