WAR on CASH: Cash on the edge of extinction in northern Europe?

The war on cash is a war on anonymity. Cash transactions are private and discreet. Electronic transactions are recorded and can be sifted through for all sorts of things.

Central planners hate cash. It puts power in the hands of the awful, terrible, ignorant consumers, and limits the power of the bankers and their allies in government.

We’ve already heard quite a lot about the War on Cash this year. The opening salvos have been volleyed.

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The Court That Rules the World? Say hello to ISDS

It is because of things like “Investor-state dispute settlement” (ISDS) legal code that in theory and often in practice (mostly elsewhere) can overrule the laws and judicial decisions of sovereign states that has brought together many libertarians and “liberals” on the Trans Pacific Partnership.Though originally constructed to be used in rare instances of nationalization of assets or shakedowns from 3rd world governments, ISDS has reportedly become a monster.

ISDS legal code was written into NAFTA and is also in the proposed TPP according to BuzzFeed News. 

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45 Years Without Gold (Standard)

Of course even when Nixon completely detached the dollar from gold we had a very very modified gold standard. But at least there was some tie to reality.

Now we live in an almost completely fiat system, though it can be argued – well – that oil is the de facto backer of US currency these days, the so called petrodollar. (Though some do not buy this argument.) Regardless we live in a highly financialized world with lots and lots of cheap money floating around.

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The Keynesian Blessing: Americans Are Broke

Americans are debt addicts. They love to spend. The politicians love to spend. Everyday Americans love to spend. Spend, spend, spend. And we wonder why many things, our society even, feels so cheap.

People live on credit. They finance cars, houses, vacation – cell phones – think about that – PHONES. They don’t save.

And why should they? They get nothing for saving. There’s literally no real return on socking money away in a bank these days.

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Capitalism Is Good for the Poor (Often spectacularly good)

Not only is it good, it is often spectacularly good.

It’s not just me saying this. This is an assertion which can be measured and seen. Anyone who does not understand that capitalism has made the world a better place, has filled stomachs, cured diseases, has helped people broaden their horizons, and has just generally made things in this life more tolerable either doesn’t understand what capitalism is or has simply never looked into the matter objectively.

It really does blow my mind that so many supposedly educated people do not understand what a force for good capitalism has been.

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Big (Data) Brother Cometh: Beijing tracks the elderly as they take buses, go shopping

This might look like a mess to you and me. But for the right algorithm the data is clear as day.

It’s not just the elderly and it’s not just the Chinese.

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Trump and Clinton share Delaware tax ‘loophole’ address

One person’s tax “loophole” is another person’s “pocket of freedom.” There is absolutely nothing wrong with minimizing one’s tax outlay legally. Better the person who earned the money keep it, invest it, and create opportunities than have it feed the Washington government behemoth. Frankly one has an obligation to minimize one’s tax bill as I see it.

Saying that, it’s interesting that Trump and Clinton share a corporate address. (With many many others.) Kind of cute almost.

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Enemy of the banks Andrew Jackson gone from the $20 bill, Replaced by Harriet Tubman, Friend of the banks Hamiliton remains on the $10 bill

We think Harriet Tubman isn’t such a bad choice. However, removing Andrew Jackson from the currency is a shame. He killed the first central bank of the United States, The Bank of the United States, and that is something for which every American should be grateful. He is in addition the only president who with the help of allies paid off the national debt.

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