COMMENT: The 91 year old woman who had her $12,000 deposit declined in Kristanstad, Sweden, and the money confiscated by the State is a sad tale. Perhaps you might want to identify Kristanstad, as a town in Sweden, for those of us who do not readily identify Kristanstad, a town of 35,000 souls with Sweden. BTW […]
A 91 year old woman in Kristianstad tried to simply deposit her 108,000 SEK (approx. 12000 USD), which was her life savings. The bank refused to accept the notes, because the woman could not explain where they came from. The woman saved the first money in the drawer, because she did not trust banks. Then in a […]
The Associated Press ran a story reporting: “Congressional Republicans are planning a massive overhaul of the nation’s tax system, a heavy political lift that could ultimately affect families at every income level and businesses of every size.” The interesting aspect is that the headline reads: GOP: Cut taxes, change brackets; but what about deficits There is zero discussion about […]
The year 2017 will bring us a step closer to eliminating physical money through governments assault on the underground economy. I previously reported that Europe had moved forward to make payments electronically on an instant basis. The same system is being turned on next year in Australia. The entire reason the Founding Fathers of the United […]
The assault on gold is by no means casual. The hunt for money and the global effort to eliminate cash to be able to increase taxation is also targeting gold. All the sales pitches that gold will survive have ignored the fact that government is well aware of gold and people using it to store […]
Some government employees should be simply thrown in prison for abusing their position and power. A prime example of this is an agent from the California department of alcoholic beverage control, who was driving an unmarked vehicle. The agent claimed that a driver named Schwab had cut her off and was driving erratically. She pulled him […]
States are simply going bankrupt and in the process, they will become very nasty and aggressive. In South Carolina they will introduce a bill for the legislative session that will begin in the new year that will require all manufacturers and sellers of computers and other internet-capable devices to install porn-blocking software on all their products. If […]
The Scandinavian countries Sweden, Denmark and Norway are regarded as a pioneer in the the effort to eliminate money and move totally electronic. Denmark closed its final Mint outsourced the operation to Finland. This means that there is no coinage in the three states struck anymore. In this war on cash, about 20% of all transactions were […]
The Australian federal government is planning a full assault on the black or underground economy by appointing a taskforce who will consider the future of the $100 note and bans on cash payments over a certain level. Australia, like everyone else, is facing a monetary crisis whereby the current system of taxes and social programs […]
The EU is just insane. They cannot comprehend how to run an economy. The abuse on taxation assessments in the EU has led to McDonalds relocating its international headquarters from Luxembourg to the UK. The U.S. fast food chain announced last week that a new holding company was being established in the UK, where most of […]
