- Which power groups will determine how the war on cash is waged?
- Is it better to hold cash in savings/checking accounts, or securities accounts?
- What will likely happen with retirement accounts?
- Ways to diversify your cash risk
If you have not yet read Part 1: The War on Cash: Officially Sanctioned Theft available free to all readers, please click here to read it first.
In Part 1, we reviewed the basic elements of the war on cash, and how it benefits banks and governments but not households that don’t already own productive assets.
In Part 2, we’ll review the downside of imposing capital controls and eliminating physical cash, and discuss strategies to protect our financial assets from bail-ins and negative interest rates/fees on cash.What Will The Wealthy And Politically Powerful Tolerate?
One of the key dynamics in this discussion is: what will the wealthy and powerful tolerate? Any policy that inhibits or harms the wealthy and politically powerful is a non-starter, and so if we align our strategies accordingly, we are less likely to suffer any negative consequences.
The wealthy and politically powerful have little need for physical cash (President John F. Kennedy famously carried no cash), so eliminating cash will probably not generate any resistance in the financial elite.
But other forms of capital control, such as requiring retirement accounts to hold Treasury bonds and limiting transfers to other nations’ banks might...
- Policy of Debt and Destruction
- Dying Of Excitement
- Ford Shifts Grant Making to Focus Entirely on Inequality
- 50 hospitals charge uninsured more than 10 times cost of care, study finds
- Making tiny earthquakes to understand fracking-driven quakes
- EIA Oil Production Numbers All Over The Place, Again
- Seeking The Source Of Ebola
- Organic Farmers Object to Whole Foods Rating System
7 ways to reduce your water use in the garden and become more efficient in its use. Especially handy for areas experiencing prolonged drought conditions.
A number of great ways to incorporate yarrow into your life. It makes a wonderful addition to your garden.
In this week's Off the Cuff podcast, Chris and Mish discuss:
- Rumor-driven Markets
- Head-fakes and sentiment matter most today
- Sovereign Debt Weakens
- A recent example of how sentiment can shift quickly
- Pundit Predictions
- The take from Jim Rogers & Steen Jacobsen
- A Time of Tears
- A big crash is coming, but those that caused it won't bear the brunt of the cost
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
- Modern politics: all crisis and no solution?
- Sprott Fund Managers: Sticky Contrarian Investors Wanted
- Gold, Greece And The War On Cash
- Read This Before June 11
- EPA’s draft of four-year fracking study finds no inherent water risks
- Norway Coal Divestment Not What It Seems
- Elon Musk’s Hyperloop is actually being built in California next year
- Climate Change Shortens Growing Seasons
Imagine going to a shop, borrowing anything you like, and returning it when you're finished. This is the idea behind SHARE: a Library of Things. Opened in late-April in Frome, a town in southwest England, the aim of SHARE is to enable people to spend less, waste less, and connect more. The first of its kind in the U.K., SHARE has already sparked interest from other communities.
- Voices: In Atlantic City, the gold's turning to sand
- Illinois budget cuts blamed for spike in Chicago murder rate
- California changes rules on traffic ticket fines
- Bad loans at Italian banks rise to 192 bln euros in April
- Inflation costs cash savers £80 billion in last five years (UK)
- State doesn’t have to pay $1.57 billion on pensions, NJ’s top court rules
- Joe Hockey says nobody would be buying if Sydney was unaffordable (Australia)
- Greek failure would mean eurozone end – Tsipras
- ECB's balance sheet rises to 2.428 trillion euros
- The $6.5 Trillion China Rally That’s Making Stock-Market History
- Pensions in Greece Feel the Pinch of Debt Negotiations
- China's soft May inflation increases calls for fiscal stimulus
How much almost clean water is wasted down sinks, washing machines, and showers? At my house, my wife and I use thirty to forty gallons a day, but the typical household can use up to 200 gallons. It is poor house design to not take into account reusing grey water in a safe effective way. I decided to rectify this situation at my own home. Please bear in mind that you may have local codes and ordinances against grey water systems.
Yesterday saw a promising headline: at a recent G7 gathering, the leaders apparently agreed to the impossible: cutting carbon emissions by 40%-70% by 2050. The only real way to do this, obviously, is to cut the use of fossil fuels. And that’s what they apparently agreed to do.
- Clearing your browser history can be deemed 'obstruction of justice' in the U.S.
- MERS Virus’s Path: One Man, Many South Korean Hospitals
- Inequitable school funding called ‘one of the sleeper civil rights issues of our time’
- The Global Struggle to Respond to the Worst Refugee Crisis in Generations
- Why the “biggest government hack ever” got past the feds
- The Power Of Landlords
- Concerns Over Earthquakes Spread To Texas
- US egg prices soar as avian flu batters poultry industry
Bologna's Mayor Merola about to give civic collaborators keys to the city at the recent Civic Collaboration Fest
It all began with park benches.
- Amartya Sen: The economic consequences of austerity
- Americans live with the austerity you Europeans are so concerned about
- Wave Coming Too Large to Duck Under: Warren Pollock
- Obama Targeting Your Retirement Accounts
- Earth's Most Important Creatures
- Seeing Some Success, OPEC Maintains Market Share Strategy
- Keystone protesters tracked at border after FBI spied on 'extremists'
- For New Mexico's Chiles, The Enemy Isn't Just Drought But Salt, Too
- Egg rationing in America has officially begun
Health insurance for freelancers can be expensive. When employed by a company, health insurance is generally covered, but strike out on your own and you find yourself paying several hundred dollars or more per month for minimal coverage. As freelancers are expected to make up fifty percent of the U.S. workforce by 2020, one can’t help but think there has to be a better way—and there is.
On Monday we covered the release of an open letter written to President Obama, issued by a committee of notable political, security and defense experts -- which includes past and present members of Congress, ambassadors, CIA directors, and others -- on the country's concerning level of vulnerability to a natural or man-made Electro-Magnetic Pulse (EMP).
This week, we've been fortunate enough to get several of the authors of that open letter to join us and explain in depth what they conclude needs to be done to protect against the EMP risk: former CIA Director and current Ambassador James Woolsey, Executive Director of the EMP Task Force Dr Peter Pry, and security industry entrepreneur Jen Bawden.
- The Jobs Recovery Is Going Strong
- Newsweek, Wash. Times Publish False Headlines About EPA Fracking Study
- The inside story of how the Clintons built a $2 billion global empire
- All The Happy Workers
- How the Red Cross Raised Half a Billion Dollars for Haiti and Built Six Homes
- California Farmers Dig Deeper for Water, Sipping Their Neighbors Dry
- The global warming 'hiatus' is a myth, says new Science study
- Norway Will Divest From Coal in Push Against Climate Change
We are pleased to announce that PrepareDirect is offering PeakProsperity.com members an exclusive discount of 5% off Aspect Solar hardware and accessories.
Image created for the Healing Together Network Meeting 2013, Allied Media Conference: words by Fabian Romero and art by TextaQueen.