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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Thursday, 19 March 2015

http://globaleconomicanalysis.blogspot.co.uk/2015/03/cash-dinosaur-france-limits-cash.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

Yesterday, Today, Tomorrow

Yesterday the French cash limit was 3,000 euros. Today the cash limit is 1,000 euros. Tomorrow (not in the literal sense as timing is uncertain), cash transactions will be restricted to 100 euros, then banned altogether.

The same applies everywhere, including the US.

Candy

Want to buy a candy bar? The government will want to know where the purchase was made, how much you paid, and where you got the money to buy the candy bar.
Read more at http://globaleconomicanalysis.blogspot.com/2015/03/cash-dinosaur-france-limits-cash.html#HmPOlrHgpkXFYxXY.99

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