Trump’s Federal Reserve Pick Wants to Put Metal Chips in Cash to Track Every Dollar and Tax It
Central Banks considering a "Carry Tax" on cash.
Goodfriend’s idea was to insert magnetic strips into the bills. Each time the cash was returned to a bank, the money would be taxed at a pre-determined rate. That would discourage individuals from hoarding cash and remove one obstacle for central bankers in setting negative rates.
Trump’s Federal Reserve Pick Wants to Put Metal Chips in Cash to Track Every Dollar and Tax It
http://thefreethoughtproject.com/trumps-federal-reserve-track-cash/
Trump's next Fed pick in limbo for wrong reason
https://www.nasdaq.com/article/trumps-next-fed-pick-in-limbo-for-wrong-reason-20180220-01672
They would like to make it illegal for you to hold your own cash or out right ban it to keep the money in the banks. Since they can't yet, They plan to tax you for holding cash. Whatever it takes to prop up their failing banking system and derivatives.
Once they regulate crypto, they will find out who owns what and make a wealth tax to steal it away.
you're going to want cash or another form of value to store your wealth when the banks go to negative interest rates and charge you to hold your money. They are even considering taxing cash to stop you from taking your money out of the banking system, Who in their right mind would pay the bank to keep their hard earned money and possibly call a bank holiday and set capital controls limiting how much of your money you can get out per day. Last crisis we had bail outs for the banks, this time around the will also be doing bail ins where they take your money to keep the banks afloat. It already happened to cypress in greece during 2012.
Watch how oblivious the public is in the matter and will gladly sign over their freedom for perceived security.
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