Best of the Week
Most Popular
1.UK General Election BBC Exit Polls Forecast Accuracy - Nadeem_Walayat
2.UK General Election 2017 Seats Final Forecast, Labour, Conservative Lib-Dem, SNP - Nadeem_Walayat
3.UK General Election 2017 Forecast: Conservative 358, Labour 212 Seats - Nadeem_Walayat
4.Theresa May to Resign, Fatal Error Was to Believe Worthless Opinion Polls! - Nadeem_Walayat
5.UK House Prices Forecast General Election 2017 Conservative Seats Result - Nadeem_Walayat
6.The Stock Market Crash of 2017 That Never Was But Could it Still Come to Pass? - Sol_Palha
7.[TRADE ALERT] Write This Gold Stock Ticker Down Now - WallStreetNation
8.UK General Election Results Map 2017 vs 2015 vs Opinion Polls - Nadeem_Walayat
9.Orphaned Poisoned Waters,Severe Chronic Water Shortage Imminent - Richard_Mills
10.How The Smart Money Is Playing The Lithium Boom - OilPrice_Com
Last 7 days
Best Cash ISA for Soaring Inflation, Kent Reliance Illustrates the Great ISA Rip Off - 24th Jun 17
Gold Summer Doldrums - 23rd Jun 17
Hedgers Net Short the Euro, US Market Rotates; 2 Horsemen Set to Ride? - 23rd Jun 17
Nether Edge By Election Result: Labour Win Sheffield City Council Seat by 132 Votes - 23rd Jun 17
Grenfell Fire: 600 of 4000 Tower Blocks Ticking Time Bomb Death Traps! - 22nd Jun 17
Car Sales About To Go Over The Cliff - 22nd Jun 17
LOG 0.786 support in CRUDE OIL and COCOA - 22nd Jun 17
More Stock Market Fluctuations Along New Record Highs - 22nd Jun 17
Understanding true money, Pound Sterling must make another historic low, Euro and Gold outlook! - 22nd Jun 17
Green Party Could Control Sheffield City Council Balance of Power Local Election 2018 - 22nd Jun 17
Ratio Combo Charts : Hidden Clues to the Gold Market Puzzle - 22nd Jun 17
Steem Hard Forks & Now People Are Making Even More Money On Blockchain Steemit - 22nd Jun 17
4 Steps for Comparing Binary Options Providers - 22nd Jun 17
Nether Edge & Sharrow By-Election, Will Labour Lose Safe Council Seat, Sheffield? - 21st Jun 17
Stock Market SPX Making New Lows - 21st Jun 17
Your Future Wealth Depends on what You Decide to Keep and Invest in Now - 21st Jun 17
Either Bitcoin Will Fail OR Bitcoin Is A Government Invention Meant To Enslave... - 21st Jun 17
Strength in Gold and Silver Mining Stocks and Its Implications - 21st Jun 17
Inflation is No Longer in Stealth Mode - 21st Jun 17
CRUDE OIL UPDATE- “0.30 risk is cheap for changing implication!” - 20th Jun 17
Crude Oil Verifies Price Breakdown – Or Is It Something More? - 20th Jun 17
Trump Backs ISIS As He Pushes US Onto Brink of World War III With Russia - 20th Jun 17
Most Popular Auto Trading Tools for trading with Stock Markets - 20th Jun 17
GDXJ Gold Stocks Massacre: The Aftermath - 20th Jun 17
Why Walkers Crisps Pay Packet Promotion is RUBBISH! - 20th Jun 17
7 Signs You Should Add Gold To Your Portfolio Now - 19th Jun 17
US Bonds and Related Market Indicators - 19th Jun 17
Wireless Wars: The Billion Dollar Tech Boom No One Is Talking About - 19th Jun 17
Amey Playing Cat and Mouse Game with Sheffield Residents and Tree Campaigners - 19th Jun 17
Positive Stock Market Expectations, But Will Uptrend Continue? - 19th Jun 17
Gold Proprietary Cycle Indicator Remains Down - 19th Jun 17
Stock Market Higher Highs Still Likely - 18th Jun 17
The US Government Clamps Down on Ability of Americans To Purchase Bitcoin - 18th Jun 17
NDX/NAZ Continue downward pressure on the US Stock Market - 18th Jun 17
Return of the Gold Bear? - 18th Jun 17
Are Sheffield's High Rise Tower Blocks Safe? Grenfell Cladding Fire Disaster! - 18th Jun 17
Globalist Takeover Of The Internet Moves Into Overdrive - 17th Jun 17
Crazy Charging Stocks Bull Market Random Thoughts - 17th Jun 17
Reflation, Deflation and Gold - 17th Jun 17
Here’s The Case For An Upside Risk In The Global Economy - 17th Jun 17
Gold Bullish on Fed Interest Rate Hike - 16th Jun 17
Drones Upending Business Models and Reshaping Industry Landscapes - 16th Jun 17
Grenfell Tower Cladding Fire Disaster, 4,000 Ticking Time Bombs, Sheffield Council Flats Panic! - 16th Jun 17
Heating Oil Bottom Is In.(probably) - 16th Jun 17
Here’s the Investing Reason Active Funds Can’t Beat Passive Funds—and It Worries Me a Lot - 16th Jun 17
Is There Gold “Hype” and is Gold an Emotional Trade? - 16th Jun 17

Market Oracle FREE Newsletter

The MRI 3D Report

Gold and Hillary’s Scary New Cash Tax

Stock-Markets / War on Cash Mar 09, 2016 - 02:47 PM GMT

By: Casey_Research

Stock-Markets

By Justin Spittler

The largest underground currency market in history...how to make huge investment gains from negative interest rates...none dare call it a tax.

Editor’s Note: This is the most important Dispatch we’ve published all year.

You won’t find our regular daily market commentary in this issue. Instead, you’ll find an urgent message from Casey Research director Brian Hunt. Right now, the government is planning a secret new tax. It involves a new way of taking money directly from your bank account…


Casey Daily Dispatch will return to its regular format next week.

Regards,

Justin Spittler
Delray Beach, Florida
March 4, 2016


Dear reader,

Have you heard of “negative interest rates?”

It’s become a phenomenon with economists and the media.

There’s a good chance you’ve read an article about it. We’ve covered it many times in the Dispatch.

I’m writing to tell you something about negative interest rates you haven’t heard. You certainly won’t hear about it in the mainstream press.

What’s coming at you is a historic event. It’s something our grandchildren will hear stories about...much like the Great Depression or the Cold War.

What’s coming could send the price of gold much higher in the coming years...and hand gold stock owners 500%+ gains.

If you know what’s coming, it could mean the difference between having lots of free cash in retirement or barely getting by.

To understand the gravity of this moment, let’s cover one of the most bizarre ideas in the world...

Negative Interest Rates.

In a normal world, your bank pays you interest on your savings. It takes your money, pools it with other people’s money, and loans it out.

The bank makes money by paying out less in interest on your deposit than it earns in interest from borrowers.

For example, it might pay out 3% to depositors while earning 6% from borrowers.

This is how it has worked for decades.

Negative interest rates turn your “normal” bank account upside down.

Negative interest rates could only exist in a crazy world where idiot politicians are in control.

Unfortunately, that’s just what we’re dealing with right now.

Politicians all over the world are ordering banks to charge depositors (you) a fee for storing cash.

It’s a perversion of saving. It’s a perversion of capitalism. It’s a perversion of planning for the future.

And it’s going to result in disaster.

Politicians think that by making it unattractive for you to keep money in the bank, you’ll save less money. Instead, you’ll spend more money on things like smartphones and cars. You’ll invest in things like stocks and real estate.

This would “stimulate” the economy.

This thinking is very, very wrong. No matter what the government does, it can’t force you to spend money. It can’t force you to make investments if you don’t see good opportunities.

Forcing people to pay banks to hold their money is a tax. It is wealth confiscation for the digital age.

The government and the mainstream press won’t dare call it a tax.

But that’s exactly what it is.

A negative interest rate policy is a tax.

Any time you hear a politician, central banker, or news anchor say “negative interest rates,” just think “TAX.”

Think “TAX ON MY CASH”.

I’ll say it again: Negative interest rates are going to result in financial disaster.

The coming disaster will wipe out many people.

But you don’t have to be one of them.

I’ll explain how you can sidestep this disaster—and even make a lot of money as a result of it—in a moment.

But let’s quickly cover one more thing about negative interest rates...

The Ugly Twin Sister of Negative Interest Rates

If the government makes it unattractive for you to keep cash in the bank, you can pull cash out of the bank. You can simply store it in a safe or under the mattress.

Politicians know this.

That’s why they’ve created another dangerous policy that works hand-in-glove with negative interest rates.

That policy is banning cash.

You see, if you pull your money out of the banking system and stuff it under the mattress, you aren’t doing what the government wants you to do.

You’re not spending money or investing in stocks.

This is a major reason why governments are banning large cash transactions and large denomination bills.

They are fighting a War on Cash.

In just the past few years…

***Spain banned cash transactions over 2,500 euros

***Italy banned cash transactions over 1,000 euros

***France banned cash transactions over 1,000 euros, down from the previous limit of 3,000 euros

And just a few weeks ago, former U.S. Treasury Secretary Larry Summers called for a ban on the $100 bill!

Historians aren’t surprised by Summers’ idea. Franklin Delano Roosevelt banned $500 and $1,000 bills in the 1930s.

You can bet that Big Government types like Hillary Clinton and Donald Trump will do the same thing in a financial emergency.

By making it so difficult (or illegal) to buy and sell things with cash, the government wants to force people into the banking system. That way it can monitor us and coerce us into whatever it wants...like pay outrageous new taxes.

It’s all a dream come true for government central planners.

The governments say these new currency laws are for fighting terrorism, money laundering, and drugs.

But the ultimate goal is control of society…and to confiscate the wealth of private citizens.

As congressman Ron Paul said, “The cashless society is the IRS’s dream: total knowledge of, and control over, the finances of every single American.”

Whether you agree with these regulations or not, the conclusion is obvious:

By driving us more and more towards trackable digital payments, the government has made it much, much easier to confiscate our wealth.

We’re like sheep that have been “herded” into a corral, ready for shearing.

And Hillary Clinton (and her Big Government cronies) is holding the clippers.

However, you don’t have to be sheared.

You can avoid the shearing by learning how to navigate what will become the largest underground currency market in history.

Hillary Doesn’t Want Your Gold. She Wants Your Cash

On April 5th, 1933, president Franklin Delano Roosevelt issued one of the most controversial orders in U.S. history.

It went by the name “Executive Order 6102”

Not one American in 1,000 knows about this order. But to this day, many experts consider it to be one of the most destructive acts in U.S. history.

It violated sacred principles held by our founding fathers. It impoverished millions and confiscated the savings of honest, hardworking Americans.

Executive Order 6102 made it illegal for private citizens to own gold. Citizens were ordered to turn in their gold to the government.

Why would the government confiscate the wealth of private citizens?

You can fill a book on the history surrounding Executive Order 6102. But in a nutshell, it was the act of a desperate government in the midst of a financial crisis.

The government wanted the gold in order to increase the nation’s money supply. It believed an increase in the money supply would revive the struggling economy.

Please review those last two paragraphs...

An increase in the money supply...a struggling economy...a desperate government.

Sound similar to what is happening right now?

Since the answer to that question is “YES,” we have to ask another question...

Could such a confiscation happen again?

As the crisis develops, our deeply indebted government will act like a giant wounded beast, lashing out in all directions. It will grow more desperate for control. It will grow desperate for money.

And just like FDR did in the 1930s, it will confiscate the wealth of private citizens.

But Hillary Clinton (or Donald Trump, or whoever wins the election) won’t go after your gold.

Nowadays, the gold market is very small compared to the overall economy.

Going after gold would be too much work for the government.

The government is going to go after YOUR CASH.

It will regulate your cash. It will tax your cash. It will take your cash.

This has all kinds of implications for banking and the economy.

But here’s the most important thing you need to know as an investor:

Negative interest rates and their partner, the War on Cash, will create a renewed interest in gold. This could cause gold to double or even triple in value.

Even children know what the government is doing is crazy.

And people aren’t going to take this lying down.

Rather than participate in the government’s monetary farce, people will go underground.

They will pull cash out of banks and hoard it in safe places. And they will seek the safety, anonymity, and reliability of gold and silver.

Gold and silver have served as money for centuries.

Gold is the ultimate currency because it doesn’t rot or corrode...it is durable…easily divisible...portable...has intrinsic value…is consistent around the world...and it cannot be created from thin air. It cannot be debased by the government.

By enforcing negative interest rates and fighting a War on Cash, the government will create a huge underground currency market.

And the ultimate underground currency will be gold and its sister metal, silver.

Gold is trading for around $1,260 an ounce right now.

As the government blunders into a negative interest rate disaster, gold will likely rise 50%...100%...possibly even 200% higher.

There’s an underground currency market coming to your neighborhood.

If you own enough gold, you’ll be its king.

If you don’t yet own gold, buy it now.

If you own a lot of gold, buy more.

Regards,

Brian Hunt


Editor’s Note: Brian just alerted readers to an extremely rare opportunity in the gold market…one that could lead to 500%+ gains in a short period. This situation has only occurred a handful of times in the last 20 years. But every time it occurs, some investors see gains as large as 1,700%, 4,300%, and 5,000%.

If you’re interested in this idea, please act now. With gold prices surging, the window of opportunity won’t be open long. And once it closes, we likely won’t get another one for years. Read more here.

The article Hillary’s Scary New Cash Tax was originally published at caseyresearch.com.
Casey Research Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife