Negative Nominal Interest Rates: Highway to a Cashless, Statist Hell | Barnhardt

Fasten your seat belt, read it all:

..One of the big reasons why I had to move into the “Van Down by the River” was because I simply COULD NOT FUNCTION using cash.  When I was foreclosed upon because I could not provide the bank with a tax return (because I have declared a tax strike), I began investigating possible rental scenarios in preparing to move. Kids, you CANNOT rent an apartment “above the table”, pay the utilities on said apartment, insure a vehicle and scores of other necessary expenses in the former U.S. using cash today. Between IRS liens and mortgage foreclosures, my credit score is destroyed, which also disqualifies above-board rental. If you think that cash controls and the move to outlaw the use of cash is crazy talk, just stop and think about all of the myriad ways that IT IS ALREADY IMPOSSIBLE to pay with cash.  We’re already 75% of the way there...

via Barnhardt | Judica me, Deus, et discerne causam meam de gente non sancta..

How shock waves will hit US if Greece drops euro | AP

They think the path of a full-blown crisis would start in Greece, quickly move to the rest of Europe and then hit the U.S. Stocks and oil would plunge, the euro would sink against the U.S. dollar, and big banks would suffer losses on complex trades…

  • ACT I.  What would Greece’s exit look like? In the worst case, it starts off messy.
  • ACT II.   Here’s where things get scary.
  • ACT III.  A full-blown crisis would cross the Atlantic through the dense web of contracts, loans and other financial transactions that tie European banks to those in the U.S., experts say...via News from The Associated Press