Anyone who hasn't just been puffed with muffles and still has a vestige of economic sanity should have been made aware by the following news of the last few days: The euro is losing its status as a universal means of payment. The coercive measures, the expropriation and repression instruments of the ECB's euro priests are becoming steadily more painful for the citizens.
- The freezing of bank assets in the event of a feared mass influx of customers into your accounts. As a reminder, most people believe that the money in their account is their property. It is not. Legally, you have given the bank a loan. You are only entitled to repayment. So the EU is tinkering quite concretely with limiting cash withdrawals to up to 20 days. A maximum amount of 200 to 400 euros is being considered. In concrete terms, this means that if Novo Banco in the beautiful city of Porto runs into financial difficulties in the future, all bank balances throughout Europe can be frozen. You can find out who decides this and when on Monday mornings in the queue at the bank counter of your Kreissparkasse or Volksbank.
- Banking secrecy was de facto abolished. Section 30a in the StUmgBG on the "protection of bank clients" was deleted without replacement. Tax offices have been able to access the accounts for some time, but now the protection is probably completely gone. Soon, authorities and corporations will be able to look over the accounts. This was done in secret while such trivialities as gay marriage (or is it marriage for all and sundry?) were introduced in Germany. Social nihilism is taking on the proportions of high-grade oligophrenia. I also wonder what business model the banks are actually running now. Since then, the task of the banks has been the secretive, fiduciary administration and safekeeping of customer funds, in return for which they paid the customers slightly less interest than they received themselves. The secrecy is now completely gone, the fiduciary management has been very tarnished since the Lehman bankruptcy and that with the interest is history anyway. Who really needs banks any more?
- Removal of the cash payment ceiling of 14,999 euros from 9,999.99 "to combat money laundering" ***Pruuust***-Sorry but I still have to wipe the tears of laughter from my eyes. This is another way to permanently kill the euro. The transparent argument of money laundering is used for everything and anything. A Spanish friend of mine told me a common saying of his compatriots: "Hecha la ley hecho la trampa", which means "for every law there is a loophole". But the German bureaucratic socialist will hardly stop this from inventing even more unnecessary laws. Here I would like to quote the wise sentence of Erwin Huber: "The Pythagorean theorem comprises 24 words, Archimedes' principle 67, the Ten Commandments 179, the American Declaration of Independence 300 - and paragraph 19a of the German Income Tax Act alone 1862 words."
While politicians in the EU and the Bundestag want to abolish the anonymity of payments, they overlook cryptocurrencies like Bitcoins, Dash, Ethereum or Monero. Bitcoins, like most cryptocurrencies, are organized as decentralized software systems and neither states nor banks have the ability to control them in any way, as they probably can't get access to them - Yet!!!. I explained the basic function of cryptocurrencies in my video series. Cryptocurrencies are good - but they do not replace precious metals at all!
The unbeatable advantages of gold and silver are explained by the properties that make these precious metals the perfect means of payment:
- Gold and silver have no serial numbers, no expiration date and leave no digital traces that can be tracked and spied on by governments or organizations;
- Precious metals are quickly exchangeable into any local currency worldwide;
- The weighting and purity grades are globally recognised and standardised;
- Gold and silver does not ask questions;
- Gold and Silver require no power, no WLAN, no password, no Internet and never a software update;
- The importance of gold and silver is increasing exorbitantly in the important world power centres of Russia, India and China;
- Gold does not rot, does not even rust, does not require maintenance and repair for thousands of years;
- High value in a small space;
- Physical gold and silver has no waiting period;
- Easy to hide;
- Gold in particular is easy to travel with due to its high asset density ( 1 kg gold bar approx. 38.000,- corresponds to the size of a mobile phone);
- Silver is the perfect handout! With 2 ounces of silver, you can fill up your car, take your family out for a good meal, or pay a handyman;
The euro is gradually changing into a non-payment instrument. This development is intentional and unstoppable due to the debt money system. But this need not worry you because gold and silver are the perfect means of payment. Change over!
