U.S. Mint Makes Last Penny

USA Today

America’s last penny was struck at the U.S. Mint in Philadelphia, the end of a coin production that started in 1793 and ended Nov. 12. We’re already starting to miss them.

Some stores have begun running short of pennies and have had to round cash transactions up or down to the nearest five cents when customers don’t have exact change, USA TODAY reported.

President Donald Trump order the Treasury Department to stop minting pennies as a budget-cutting measure in February. But a resulting shift to nickels, which are more expensive than pennies to produce, could cause other losses in the federal budget.

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They Are Planning A Complete FINANCIAL LOCKDOWN" - Whitney Webb's 2026 Warning

 

Comment: Disregard the "most people won't make it" comment which is clickbait. The video is well worth watching however. 

 

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Jamie Tree YouTube Channel: 

 

One blink, and your identity unlocks a programmable wallet. That’s the latest message from writer and journalist Whitney Webb.

Governments and global institutions are standardizing digital IDs built on biometrics, then wiring those IDs to your money. In this model, your face, fingerprints, or iris confirm every transaction and gate access to basic services. 

The stated goal is inclusion through Know Your Customer or KYC rules and safer payments. The design also concentrates power, since the same ID can switch your wallet on or off. But it doesn’t end there. The next phase links identity, wallets, and policy in one infrastructure. More

Europe Says It Wants to Confiscate Money, Precious Metals, Crypto Currency and Prepaid Cards to Fight Terrorism

Anon HQ

 

The proposal wants to monitor and tighten the control over electronic crypto and electronic currencies such as Bitcoin, Litecoin, Dogecoin, along with debit and credit cards in the EU, and is applicable to all those who travel. 

 

The European Commission wants to tighten its control over paper money, metals such as gold and silver, and other precious elements that are transferred into the European Union. Their reasoning is to monitor the funding, as it will lessen the funding for belligerent attacks in the European Union.

The Commissions’ decision was based on the Marketplace attack that took place last Christmas in Germany, where people were killed as a truck full of explosives drove into the crowded place.

The new proposal will give power to customs officials in the European Union nations, allowing them to check cash amounts at random, and check credit and debit statements that are sent using postal services. Customs in these states will also have the right to take away cash, precious metals or anything of value that is being carried by people who fit the profile when entering the European Union.

As we all know, if anyone is carrying more than 10,000 Euros in cash while travelling must be declared at customs when entering the European Union; the new rules will permit customs officers to confiscate the money – even if it is fewer than 10,000 Euros – if they suspect someone of having a criminal past or if the money is for criminal activity.

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Greece bans cash: Tax-allowance possible only through payments via plastic money

Keep Talking Greece

Greece is banning the use of cash the soft way. As of 1.1. 2017, taxpayers will be granted tax-allowance and tax deduction only when they have made payments via credit or debit cards. The new guidelines refer to employees, pensioners, farmers but also unemployed.

Accepted expenditure will be:

purchases for food and supermarket products, electronic and electric devices, household equipment, footwear, clothing, fuel, furniture, cigarettes*, drinks
Restaurants, cafeterias,bars and hotels
Services like by hairdressers and beauty parlors, gyms and dance schools, car repair, plumbers, electricians, painters, carpenters, lawyers and accountants.

For doctors and pharmacy the same practice will be valid as in last year. The tax office will accept the expenditure only if payments are made per credit card or bank transfer. 

Expenditure for utility bills, landlines and mobile phones, heating, rent, loan repayments that in fact swallow the largest amount of monthly expenditure for private households will not be accepted. Also not accepted is expenditure for toll and transport tickets.

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These Countries Have Nearly “Eliminated Cash From Circulation”

SHTFPlan.com

This article was written by Rory Hall and originally published at The Daily Coin.

Editor’s Comment: The cashless society is catching up to all of us. Most of Europe has shifted that way, and now India is forcing the issue. In the United States, people are being acclimated to it, and may soon find that no other option is practical in the highly-digitized online world.

Once that takes hold, the banksters, bureaucrats and hackers will have total information on all your transactions, purchasing behavior, profiles about consumers, political and social background history and even predictive behavior, allowing them to control the population with ease. If/when a major crisis hits, nothing will work if the grid goes down; nothing will take place that isn’t strictly authorized – apart from a barter and precious metals exchange system that will be marginalized to the pre-digital ghetto.

Cashless World: 1 out of 3 People Never Use Cash

by Rory Hall

We recently learned how serious these criminals are about stealing the sovereignty of every person on planet earth. Actually, most people are willingly handing over their sovereignty to the banks/government and have no idea what they are actually doing.

When India ban, made illegal, the 500 and 1000 rupee banknote this move effected every 1 out of 7 people on planet earth. That means that every 7th person, anywhere and everywhere, you come in contact with may have been effected by this cash ban.

Our individual sovereignty is tied directly to our ability to move freely about. When every step we make is tracked by the bank/government our sovereignty is gone forever. Freely trading commerce is one of the cornerstones of human sovereignty. Without the ability to conduct business with whom we wish, when we wish we are nothing more than cattle to the overlords of the land.

An expat living in Thailand sent me an email last week, at the height of India blowing apart because the idiotic decision by Prime Minister Modi to eliminate the two most used bank notes in India. The email was to inform me that Thailand would be implementing a new policy in the early part of 2017 to completely eliminate coins from circulation. South Korea has already taken measures to eliminate coins from circulation.

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Next generation of children ‘will not know what money is’

The Telegraph

The next generation of children born in Britain “will not know what money is”, the boss of Apple has predicted.

Tim Cook, the chief executive of technology giant, forecast the death of cash by the time current university students have a family.

Cash is still used for more than half of payments by consumers, according to Payments UK, the industry body, but its popularity is falling as people switch to cards and smartphone apps such as Apple Pay and Google Wallet.

Answering questions from students at Trinity College Dublin, Mr Cook said: “Your kids will not know what money is.” 

In an outspoken address, he also vowed to deepen his fight against the so-called snooper’s charter. Mr Cook reiterated comments made to The Telegraph this week, stating that his company was commitment to full protection of customers’ data from hackers.

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Financial Times calls for abolishing cash in order to "to give more power to central banks"

Paul Joseph Watson
Global Research /
With comments by sott.net

The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power.

Entitled The case for retiring another 'barbarous relic', the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, "a lot of distortion to the economic system."

Comment: People should be stockpiling cash, precious metals and all sorts of supplies in anticipation of a probable economic collapse. The only "distortion to the economic system" will be in the distorted minds of individuals who experience a sense of loss of control over individuals who would seek to protect themselves and persevere through the turmoil to come.

"The existence of cash — a bearer instrument with a zero interest rate — limits central banks' ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory," states the article.

Complaining that cash cannot be tracked and traced, the writer argues that its abolition would, "make life easier for a government set on squeezing the informal economy out of existence."

Comment: What about the government making life easier for the people that they are supposed to serve? But that doesn't quite enter the equation does it? 'Informal' economies, or black markets as they are sometimes called, are the only way the vast majority of normal people can make it through the really tough times.

Have a listen to Dmitry Orlov a Russian engineer who's lived through Soviet Russia's collapse in the early 90's:

SOTT Talk Radio #66 - Lessons from collapse of USSR for USA: Interview with Dmitry Orlov
and read: Dmitry Orlov interview: Are Americans prepared for a Soviet style collapse?

Abolishing cash would also give governments more power to lift taxes directly from people's bank accounts, the author argues, noting how "Value added tax, for example, could be automatically levied — and reimbursed — in real time on transactions between liable bank accounts."

The writer also calls for punishing people who use cash by making users "pay for the privilege of anonymity" so they will, "remain affected by monetary policy." Dated bank notes would lose their value over time, while people would also be charged by banks for swapping electronic reserves for physical cash and vice versa.   

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BREAKING: Cashless Society ushered in by new VISA partnership

See also: The London Meeting to End Cash