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The War on Cash and Then on Gold and Silver

By Clive Maund

December 19, 2016

The global financial system continues to groan under the strain of the accumulated weight of trillions of dollars of debt and derivatives, which have built up to even more fantastic levels than those that precipitated the near collapse in 2008. And thanks to the policy of solving liquidity problems near-term by creating even more debt and derivatives, Quantitative Easing being the most obvious example. However, while the majority consider the situation to be hopeless, there is actually “light at the end of the tunnel.”

If only a way could be found to freely tap the funds of savers at will, by imposing duties or taxes on bank accounts with the additional option to appropriate savers’ funds on occasion as required. Subsequently, the systemic liquidity problems will be solved. Banks need never fear solvency problems again. Consequently, they can simply fall back on the account holder’s funds to meet any obligations. There are in fact already names for these restorative operations, they are called “bails-ins” and NIRP (Negative Interest Rate Policy).

Unfortunately, any immediate attempt to implement bail-ins and NIRP on a large scale will backfire because, faced with being charged significant sums for the privilege of keeping their money in the bank, savers will simply withdraw their funds and keep as cash at home. Alternatively, they may even invest in Precious Metals. It is therefore imperative that these escape routes are blocked off.

We have already seen an interesting “trial balloon” in recent years with respect to bails-ins. This was the celebrated Cyprus bail-in. When Cyprus banks were about to go belly up a couple of years ago, they saved themselves by raiding customers’ accounts, which is more palatably described as a bail-in.

The reaction of global savers to this action by the Cyprus banks was one of horror and revulsion – and they made it plain that they weren’t going to stand idly by and watch banks plunder their funds. They would withdraw them as cash if any such threat should appear over the horizon. This reaction set the great minds of the banking community to work on how to stop savers withdrawing their funds in the face of these threats. The solution was and is simple

To read this article in its entirety, go to: http://www.gold-eagle.com/article/war-cash-and-then-gold-and-silver

Note from Pastor Kevin Lea:  I can’t agree more with this author’s analysis about where things are headed.  But he does leave out that the prophetic word of God speaks to this issue when it warns us that in the last days there would be a global economic system that will be controlled by a world dictator. 

 It appears that the economic infrastructure to fulfill this nearly two thousand year old prophecy is on the near horizon.  If so, then it also means that the second coming of our precious God and Savior Jesus Christ is not far off.  Only the God of the Bible can be the true God because He tells us things before they happen and His prophets have been (and will be) 100% accurate.

 He [future world leader’s right hand man] causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast [future world leader – the antichrist], or the number of his name. [Revelation 13:16-17] NKJV

 Remember the former things of old, for I am God, and there is no other; I am God, and there is none like Me, declaring the end from the beginning, and from ancient times things that are not yet done, saying, ‘My counsel shall stand, And I will do all My pleasure’  [Isaiah 46:9-10] NKJV