Digital Currencies

This tag is associated with 18 posts

Welcome To The War On Cash: ECB Ends Production, Issuance Of €500 Banknote

The European Central Bank is to phase out the €500 (£400) note, nicknamed the “Bin Laden” because of its association with money-laundering and terror financing – and because while many people know what it looks like, few have ever seen one. The ECB announced on Wednesday that the fuchsia-coloured bills, the highest denomination of the … Continue reading

A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York

By Michael Snyder Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City.  During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”.  Reportedly, there were representatives … Continue reading

The War On Savings: The Panama Papers, Bail-Ins, And The Push To Go Cashless

By Ellen Brown 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 shell … Continue reading

Move Your Money “Underground” Before The Global Bank Run Begins

By Justin Spittler, Casey Research It’s getting harder to pull your money out of the bank. J.P. Morgan Chase, one of America’s largest banks, recently made a major change in how it handles cash. Noncustomers can now only withdraw $1,000 a day from its ATMs. The change applies to 18,000 ATMs nationwide. It’s one of the first … Continue reading

Robbing The Federal Reserve… And Getting Away With It

By Nick Giambruno, Casey Research It was the largest bank robbery in history… It started just hours after the U.S. invaded Iraq in 2003. Saddam Hussein and his sons looted over $1 billion in cash from the Central Bank of Iraq. In 2005, Brazil’s central bank was also robbed, this time in an Oceans 11-style … Continue reading

Doug Casey And The War On Cash: “We Are Truly On The Edge Of A Precipice”

By Casey Research Recently, Louis James, editor of International Speculator, sat down with Doug Casey to discuss the ongoing “War on Cash.” Doug reveals what people looking to protect their money should do. As the War on Cash has gone into overdrive lately, this is a timely discussion that you’ll find below. Louis James: There have … Continue reading

It’s A Revolution: German Banks Told To Start Hoarding Cash

By Simon Black Just stunning. German newspaper Der Spiegel reported yesterday that the Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH. Europe, of course, has been battling with negative interest rates for quite some time. What this means is that commercial banks are being charged interest for holding wholesale deposits at … Continue reading

The Escalating War On Cash — A Threat To Civil Order

By John Browne, Euro Pacific Capital On February 16th, The Washington Post printed the article, “It’s time to kill the $100 bill.” This came on the heels of a CNNMoney item, the day before, entitled “Death of the 500 euro bill getting closer.” The former cited a recent Harvard Kennedy School working paper, No. 52 by Senior … Continue reading

Signs Of Currency Collapse: Whoever Does Not Respect The Penny Is Not Worthy Of The Dollar

By Nick Giambruno This definitive sign of a currency collapse is easy to see… When paper money literally becomes trash. Maybe you’ve seen images depicting hyperinflation in Germany after World War I. The German government had printed so much money that it became worthless. Technically, German merchants still accepted the currency, but it was impractical … Continue reading

Japan Considers Recognizing Bitcoin As A Currency

Regulators in Japan have proposed considering and treating virtual currencies, such as bitcoin, as methods of payment and settlement similar to conventional fiat currencies. Japan’s Financial Services Agency (FSA) is considering legislative revisions that would recognize bitcoins and other digital currencies as equivalents to conventional currencies, citing that the revisions see bitcoin as “fulfilling the functions of currency,” … Continue reading

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