The Panama Papers, Bail-Ins, and the Push to Go Cashless

Posted by Enrique Raul Suarez on April 11, 2016 at 20:49

The Panama Papers, Bail-Ins, and the Push to Go Cashless

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

Posted on April 10, 2016 by Ellen Brown

The Web of Debt Blog

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends, dovetailing with the War on Cash and the imminent threat of massive bail-ins of depositor funds.

The bombshell publication of the “Panama Papers,” leaked from a Panama law firm specializing in

Negative Interest Rates: The Real Reason

Posted by Enrique Raul Suarez on February 10, 2016 at 18:45

Negative Interest Rates Aimed at Driving Small Banks Out of Business and Eliminating Cash: Economics Professor

Source:

Washington's Blog

February 9, 2016

More than one-fifth of the world’s total GDP is in countries which have imposed negative interest rates, including Japan, the EU, Denmark, Switzerland and Sweden.

Negative interest rates are spreading worldwide.

And yet negative interest rates – supposed to help economies recover – haven’t prevented Japan and Europe’s economies from absolutely tanki

Negative Interest Rates Show “Desperation” of Central Banks

Posted by Enrique Raul Suarez on January 31, 2016 at 2:13

Negative Interest Rates Show “Desperation” of Central Banks

Source:

Washington's Blog

January 29, 2016

Japan has joined the EU, Denmark, Switzerland and Sweden in imposing negative interest rates. Indeed, more than a fifth of the world’s GDP is now covered by a central bank with negative interest rates.

The Wall Street Journal notes:

TOKYO—Japan’s central bank stunned the markets Friday by setting the country’s first negative interest rates, in a desperate attempt to keep the economy from sliding ba

Hang Onto Your Wallets: Negative Interest Rates, the War on Cash, and the $10 Trillion Bail-in

Posted by Enrique Raul Suarez on November 22, 2015 at 3:00

Hang Onto Your Wallets: Negative Interest Rates, the War on Cash, and the $10 Trillion Bail-in

Source:

Ellen Brown

The Web of Debt Blog

20 November 2015

In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?

Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”? Or the scene in Mary Poppins where young

How are negative interest rates impacting your derivatives business?

Posted by Cristin Riffle on September 14, 2015 at 17:07

Years ago negative interest rates were unheard of. Modeling assumptions (often purposely) excluded them due to their extremely low probability, it simply seemed counter intuitive that they could even be present in a market, and certainly if they did they seemed as if they’d be a rare blip and not a prolonged market environment.

Fast forward to today, and negative rates are rampant across the Euro Zone and continue to be a critically important issue in global finance. While the Bank of England has

Why the Powers That Be Are Pushing a Cashless Society

Posted by Enrique Raul Suarez on May 4, 2015 at 23:00

Enrique Suarez Introducing:

Washington's Blog

Global Research, May 04, 2015

We Can’t Rein In the Banks If We Can’t Pull Our Money Out of Them

Martin Armstrong summarizes the headway being made to ban cash, and argues that the goal of those pushing a cashless society is to prevent bank runs … and increase their control. What do you think?

The central banks are … planning drastic restrictions on cash itself. They see moving to electronic money will first eliminate the underground economy, but secondly

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