Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
What ECB’s Tiering Means for Gold - 17th Nov 19
DOJ Asked to Examine New Systemic Risk in Gold & Silver Markets - 17th Nov 19
Dow Jones Stock Market Cycle Update and are we there yet? - 17th Nov 19
When the Crude Oil Price Collapses Below $40 What Happens? PART III - 17th Nov 19
If History Repeats, Gold is Headed to $8,000 - 17th Nov 19
All You Need To Know About Cryptocurrency - 17th Nov 19
What happens To The Global Economy If Oil Collapses Below $40 – Part II - 15th Nov 19
America’s Exceptionalism’s Non-intervention Slide to Conquest, Empire - and Socialism - 15th Nov 19
Five Gold Charts to Contemplate as We Prepare for the New Year - 15th Nov 19
Best Gaming CPU Nov 2019 - Budget, Mid and High End PC System Processors - 15th Nov 19
Lend Money Without A Credit Check — Is That Possible? - 15th Nov 19
Gold and Silver Capitulation Time - 14th Nov 19
The Case for a Silver Price Rally - 14th Nov 19
What Happens To The Global Economy If the Oil Price Collapses Below $40 - 14th Nov 19
7 days of Free FX + Crypto Forecasts -- Join in - 14th Nov 19
How to Use Price Cycles and Profit as a Swing Trader – SPX, Bonds, Gold, Nat Gas - 13th Nov 19
Morrisons Throwing Thousands of Bonus More Points at Big Spend Shoppers - JACKPOT! - 13th Nov 19
What to Do NOW in Case of a Future Banking System Breakdown - 13th Nov 19
Why China is likely to remain the ‘world’s factory’ for some time to come - 13th Nov 19
Gold Price Breaks Down, Waving Good-bye to the 2019 Rally - 12th Nov 19
Fed Can't See the Bubbles Through the Lather - 12th Nov 19
Double 11 Record Sales Signal Strength of Chinese Consumption - 12th Nov 19
Welcome to the Zombie-land Of Oil, Gold and Stocks Investing – Part II - 12th Nov 19
Gold Retest Coming - 12th Nov 19
New Evidence Futures Markets Are Built for Manipulation - 12th Nov 19
Next 5 Year Future Proof Gaming PC Build Spec November 2019 - Ryzen 9 3900x, RTX 2080Ti... - 12th Nov 19
Gold and Silver - The Two Horsemen - 11th Nov 19
Towards a Diverging BRIC Future - 11th Nov 19
Welcome to the Zombie-land Of Stock Market Investing - 11th Nov 19
Illiquidity & Gold And Silver In The End Game - 11th Nov 19
Key Things You Need to Know When Starting a Business - 11th Nov 19
Stock Market Cycles Peaking - 11th Nov 19
Avoid Emotional Investing in Cryptocurrency - 11th Nov 19
Australian Lithium Mines NOT Viable at Current Prices - 10th Nov 19
The 10 Highest Paying Jobs In Oil & Gas - 10th Nov 19
World's Major Gold Miners Target Copper Porphyries - 10th Nov 19
AMAZON NOVEMBER 2019 BARGAIN PRICES - WD My Book 8TB External Drive for £126 - 10th Nov 19
Gold & Silver to Head Dramatically Higher, Mirroring Palladium - 9th Nov 19
How Do YOU Know the Direction of a Market's Larger Trend? - 9th Nov 19
BEST Amazon SMART Scale To Aid Weight Loss for Christmas 2019 - 9th Nov 19
Why Every Investor Should Invest in Water - 8th Nov 19
Wait… Was That a Bullish Silver Reversal? - 8th Nov 19
Gold, Silver and Copper The 3 Metallic Amigos and the Macro Message - 8th Nov 19
Is China locking up Indonesian Nickel? - 8th Nov 19

Market Oracle FREE Newsletter

How To Buy Gold For $3 An Ounce

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

© 2005-2019 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

6 Critical Money Making Rules