Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

The Elite's Dream of a Cash Ban is Now Closer Than Ever

IMG Auteur
Published : January 06th, 2017
374 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
[titre article pour referencement]
0
Send
0
comment
Our Newsletter...
Category : Editorials

Globally the Elites are watching what’s unfolding in India… and they are doing so with glee.

In case you missed it, India banned the use of the 500 and 1,000 Rupee bills on November 8 2016.

This is effectively a complete  physical cash as these bills (both of which are worth < $10) represent 86% of all cash in circulation.

The country plunged into turmoil soon afterwards. But guess what?

The guy who pushed for this (Prime Minister Narendra Modi), remains in office. Everyone who signed off on it did too. Public outcry, while serious, didn’t have any real political ramifications.

More than this, the policy has INCREASED tax revenues for India.

Last week, while countering criticism that the economy was suffering from the war on cash, Finance Minister Arun Jaitley said tax figures told a different story.

He said income tax revenue rose 14.4% through Dec. 19, although he didn’t specify if he meant for the fiscal year or thus far in the demonetization program. Indirect taxes—including excise, and custom duties and service taxes—also rose a collective 26.2% up to Nov. 30, he said.

“What comes into the banking system gets identified with the person and therefore its impact on taxation and revenue collection is already being seen,” Mr. Jaitley said.

            Source: WSJ

Let’s break this down simply…

·      India effectively banned 86% of physical cash in circulation.

·      No one who implemented this lost their job or faced any political consequence.

·      Government taxes increased.

If you think the Elites aren’t watching this unfold with sheer delight you’re mistaken. Globally a war on cash has been declared. And India has now proved that it can be done with little consequence. The fact it INCREASE tax hauls (something every Government on the planet wants) is just icing on the cake.

If you think a similar plan is coming to the US, you’re mistaken.

Indeed, we've uncovered a secret document outlining how the Fed plans to incinerate savings in the coming months.

We detail this paper and outline three investment strategies you can implement

right now to protect your capital from the Fed's sinister plan in our Special Report

Survive the Fed's War on Cash.

We are making 1,000 copies available for FREE the general public.

To pick up yours, swing by….

http://phoenixcapitalmarketing.com/cash.html

Data and Statistics for these countries : Georgia | India | All
Gold and Silver Prices for these countries : Georgia | India | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
100 Items That Disappear First in a Disaster
23 Markevthorne
68, 69 probably not that safe - particularly if you're growing your own vegetables - keep a Maine Coon cat instead: does the job automatically.
Farage Interviews Le Pen: “Prison of the EU”
21 Marneville
BRITANNIA RULES THE WAVES AND NOW BREXIT WAIVES THE RULES. GO FOR IT FRANCE AND RID YOURSELVES FROM THE CHAINS OF IDIOTS. NOT SIN...
How the Fed Operates — And Why It's a Problem
20 Marramasart
In a nutshell, the Fed facilitates the theft of the value of the dollar, as they can control the increase in supply which at the same time inverts ...
How the Fed Operates — And Why It's a Problem
20 Marneville1
With all due respects for outlining how the crooked american Fed works or should work. From all our research we find the following the Fed...
Sparta - Gold prohibition in a collapsing economy
18 Markevthorne
You've answered none of the authors points: your comment is flat rubbish.
America Too Broke to Fix Crumbling Infrastructure? “Bridges, Roads,...
16 MarCameron Waugh1
Just like the leaders of the Bolshevik revolution were not Russians, those formulating belligerent US foreign policy are not Americans, and they ha...
POTUS at SOTUS
16 MarDRGEORGE1
Try explaining that to my patients dying on public waiting lists or getting ripped off by exorbitant private specialist fees!
POTUS at SOTUS
08 MarS W.0
I don't know what hallucinogens Dr G is on but my experience, both working in, and using the health system in Oz is that it is very bloody good.!
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS