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The Cash Crunch: The Short Version...

 
Saddletramp
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11/12/2012 07:54 PM

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The Cash Crunch: The Short Version...
This is an extention of my thread from earlier today (if you have any questions about this thread, I will try to answer them, but if you are impatient, I urge you to visit the discussion we had in the prior thread)...

Thread: I Need Your Help GLP!!! For A Massive Financial Story I'm Working On!!!

I'm doing a full story on this, but someone asked me for the short version, so here it is...

The Cash Crunch: The Short Version

First off, there are two types of cash in today's economy. There is electronic credits denominated in Federal Reserve Notes, and there are actual Federal Reserve Notes denominated in dollars. This story is not about the electronic version of cash, the liquidity in that area is still stunningly abundant, what is not so abundant is the actual currency in circulation...

The Fed is printing tons of cash (Check out the 2011 and 2012 printing numbers on the site below against printing numbers in prior years) but plainly speaking, it is not being circulated at anywhere close to the rates we are normally accustomed too...

[link to www.moneyfactory.gov]

They were supposed to switch the Series 2009 for Series 2011 last year, but for some reason they scrapped that and they are still printing 2009 series for everything except $100 bills, which is moving into a new series (2012 or 2013) that they have not yet put into circulation.

[link to www.newmoney.gov]

Now it appears through anecdotal evidence and sources in the banking industry that even though in 2011 they increased printing of currency, and in 2012 they more than doubled the amount of currency printed for some denominations, there is a currency crunch going on. Banks are only able to withdraw a minimal amount for cash withdrawals, business customers, and ATM providers. This, even though the banks I talked too always kept far more than adequate cash reserves in the past. So the question is, why is the Fed limiting cash withdrawals to banks that have adequate liquidity and more than enough money in their Fed accounts to get as much cash as they want? Because this in turn is leading to the banks limiting your cash withdrawals!

So why?

After talking to my banking sources I came up with two reasonable reasons for this capital control of cash withdrawals, and they and I believe this is happening in conjunction with Capital Controls enacted by law that go into effect on Jan 1, 2013.

1.) Tracking purposes. It's easier for the Feds to track debit card purchases than cash. They can track for trends, tax purposes, and criminal purposes much easier, and they want a cashless society (no surprise there) so that they can tax every single transaction that is eligible for taxation.

2.) An impending crash of the world financial system (perhaps in conjunction with the release of the new $100 bill sometime in 2013). Today bank runs are mainly electronic, moving money to safe havens, but after Jan 1 2013 this is going to be much harder to do, and there may be no safe havens. So this limitation of cash available to banks would make it impossible for people to physically run on their bank and totally drain their accounts. The banks can truthfully say, we don't have the cash on hand!

But the cash is there, it's being printed, it's being stockpiled, but it's not being circulated. Anyone else having an opinion as to why is welcome to advance their theory here...

Last Edited by Saddletramp on 11/12/2012 08:06 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
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11/12/2012 08:00 PM

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Re: The Cash Crunch: The Short Version...
I hate begging for a PIN but I would sure appreciate it on this particular thread....
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
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11/12/2012 08:04 PM

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Re: The Cash Crunch: The Short Version...
Thank you so much for the PIN...

hf
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
DblTapViper

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11/12/2012 08:07 PM
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Re: The Cash Crunch: The Short Version...
Please Pin. This is extremely important. My experience: 20 years managing millions of dollars.
DblTapViper
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11/12/2012 08:08 PM
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Re: The Cash Crunch: The Short Version...
There you go Saddle, I gave a pin thingy, I've never pinned a story here in my life.

I was banned by TriniHitler for calling a paranoid spade a spade, so I haven't seen any of your posts for a while. Hey!! At risk of being banned, what are your thoughts about left Vs. right with regard to the mess that the worlds economy is in?

sure, communism was fucked, but at least it didn't bring the world to bankruptcy! (Just the countries that adopted the model, I guess??)
Outland

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11/12/2012 08:11 PM
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Re: The Cash Crunch: The Short Version...
Point number 2 fits right in with this;

Saddletramp (OP)
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11/12/2012 08:16 PM

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Re: The Cash Crunch: The Short Version...
There you go Saddle, I gave a pin thingy, I've never pinned a story here in my life.

I was banned by TriniHitler for calling a paranoid spade a spade, so I haven't seen any of your posts for a while. Hey!! At risk of being banned, what are your thoughts about left Vs. right with regard to the mess that the worlds economy is in?

sure, communism was fucked, but at least it didn't bring the world to bankruptcy! (Just the countries that adopted the model, I guess??)
 Quoting: Anonymous Coward 27583401


I think that the controling elite (tptb) in both parties, both left and right, are trying to move world economies into the Singapore Model (The Chinese System). They are using the same strategy they used in Argentina on the U.S.A, Europe, and yes you Australia...

It's the Cloward-Piven Strategy, overload the system with debt and corruption until it collapses on the weight of itself, then you rebuild into a pseudo communist government with a monopolistic crony capitalist economy.

I think this theory as to the overall plan is fairly well established, at least among the financial sources I converse with...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

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11/12/2012 08:18 PM

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Re: The Cash Crunch: The Short Version...
There you go Saddle, I gave a pin thingy, I've never pinned a story here in my life.

I was banned by TriniHitler for calling a paranoid spade a spade, so I haven't seen any of your posts for a while. Hey!! At risk of being banned, what are your thoughts about left Vs. right with regard to the mess that the worlds economy is in?

sure, communism was fucked, but at least it didn't bring the world to bankruptcy! (Just the countries that adopted the model, I guess??)
 Quoting: Anonymous Coward 27583401


And thanks for the PIN Recommend...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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11/12/2012 08:20 PM
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Re: The Cash Crunch: The Short Version...
They will release the new bills when Gold gets changed from a tier 3 asset to the new tier 1 asset by the BIS. This move will increase the value (weighting) of "their" Gold by 100% balance sheet reserve wise. This will be the great reset and the forgiveness of trillions in debts owed. I suspect they are unwinding alot but not all CDS deals as fast as they can before this happens in early 2013
Anonymous Coward
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11/12/2012 08:21 PM
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Re: The Cash Crunch: The Short Version...
Saddletramp, You Rock Brother!

5*
Reble
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11/12/2012 08:25 PM
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Re: The Cash Crunch: The Short Version...
Drug dealing probably taking bills out of circulation would be my guess.

Now that would be interesting if they never released new print runs and see where the bills eventually end up!

We don't really need bills to function now anyways.
Saddletramp (OP)
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11/12/2012 08:25 PM

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Re: The Cash Crunch: The Short Version...
They will release the new bills when Gold gets changed from a tier 3 asset to the new tier 1 asset by the BIS. This move will increase the value (weighting) of "their" Gold by 100% balance sheet reserve wise. This will be the great reset and the forgiveness of trillions in debts owed. I suspect they are unwinding alot but not all CDS deals as fast as they can before this happens in early 2013
 Quoting: Anonymous Coward 17694439


You know I've heard a lot of theories about the Fed possibly moving back to the Gold standard in conjunction with China, and perhaps the Euro...

I even discussed that possiblity in the previous thread, because my source at the Fed says the excuses they are using for not releasing the new $100 bill into circulation are total and complete BULLSHIT!!!

Knowing that governments all over the world are currently auditing their gold holdings, this would not surprise me, but I think you are right, this will only come after an economic reset the likes of which we've never seen before...

ie, A TOTAL COLLAPSE!!!!

Last Edited by Saddletramp on 11/12/2012 08:32 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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11/12/2012 08:27 PM
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Re: The Cash Crunch: The Short Version...
I see.
I don't think they need to implement any strategy for Australia, TPTB clicks their fingers & Australia jumps!

It would be folly to think that the 'cabal' (old world order) hasn't got some sort of strategy brewing, but I dont think there has been a (paranoid conspiracy) plan per se, it's just the big kids in the OWO had played with (financial) matches too long & 'burned the house down.'

I could be wrong, but there is only one group of people whgo I would listen to, & even they often give information on a 'need to know' basis, & I'm not an initiate.
AwakenedDude
"CAN'T" Never Did Anything

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11/12/2012 08:31 PM

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Re: The Cash Crunch: The Short Version...
I like your style. 5 stars and pin req! Nice work.

Peace
"The paradigm of science is that creation is all, and the creator is nothing. Religion says the creator is all, and the creation is nothing. These two extremes are the bars of a prison cell. They prevent observation of all phenomenon as an interactive whole." -- Airl
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11/12/2012 08:34 PM
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Saddletramp (OP)
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11/12/2012 08:34 PM

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Re: The Cash Crunch: The Short Version...
Point number 2 fits right in with this;


 Quoting: Outland


I love Ann, she's a bit of a zeolot, but sometimes we need that...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
N3m3s1s

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11/12/2012 08:35 PM

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Re: The Cash Crunch: The Short Version...
Saddle have you seen this?

[link to www.roadtoroota.com]

New $100 is shown at roll out as a 2009 series bill... Interesting

and this.

[link to www.youtube.com]
Anonymous Coward
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11/12/2012 08:37 PM
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Re: The Cash Crunch: The Short Version...
They will release the new bills when Gold gets changed from a tier 3 asset to the new tier 1 asset by the BIS. This move will increase the value (weighting) of "their" Gold by 100% balance sheet reserve wise. This will be the great reset and the forgiveness of trillions in debts owed. I suspect they are unwinding alot but not all CDS deals as fast as they can before this happens in early 2013
 Quoting: Anonymous Coward 17694439


You know I've heard a lot of theories about the Fed possibly moving back to the Gold standard in conjunction with China, and perhaps the Euro...

I even discussed that possiblity in the previous thread, because my source at the Fed says the excuses they are using for not releasing the new $100 bill into circulation are total and complete BULLSHIT!!!

Knowing that governments all over the world are currently auditing their gold holdings, this would not surprise me, but I think you are right, this will only come after an economic reset the likes of which we've never seen before...
 Quoting: Saddletramp


This is why Gold is being suppressed right now as the central banks are hording. They will double the asset reserves on their balance sheets with just the tier rule change alone and then Gold should double in price within weeks of this rule change and then what do we have ? Central banks balance sheets will have a shot of adreniline being that their Gold holdings reserves are now worth 300% of what they were. Nice when you control the price of everything.
Saddletramp (OP)
We Don't Rent Pigs...

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11/12/2012 08:43 PM

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Re: The Cash Crunch: The Short Version...
They will release the new bills when Gold gets changed from a tier 3 asset to the new tier 1 asset by the BIS. This move will increase the value (weighting) of "their" Gold by 100% balance sheet reserve wise. This will be the great reset and the forgiveness of trillions in debts owed. I suspect they are unwinding alot but not all CDS deals as fast as they can before this happens in early 2013
 Quoting: Anonymous Coward 17694439


You know I've heard a lot of theories about the Fed possibly moving back to the Gold standard in conjunction with China, and perhaps the Euro...

I even discussed that possiblity in the previous thread, because my source at the Fed says the excuses they are using for not releasing the new $100 bill into circulation are total and complete BULLSHIT!!!

Knowing that governments all over the world are currently auditing their gold holdings, this would not surprise me, but I think you are right, this will only come after an economic reset the likes of which we've never seen before...
 Quoting: Saddletramp


This is why Gold is being suppressed right now as the central banks are hording. They will double the asset reserves on their balance sheets with just the tier rule change alone and then Gold should double in price within weeks of this rule change and then what do we have ? Central banks balance sheets will have a shot of adreniline being that their Gold holdings reserves are now worth 300% of what they were. Nice when you control the price of everything.
 Quoting: Anonymous Coward 17694439


Well I think the question then becomes, will they try to outlaw the average citizen from holding physical gold as an investment like they did during FDR?!?!?

If you see something like that enacted by executive fiat, you will know what's coming for sure...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

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11/12/2012 08:47 PM

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Re: The Cash Crunch: The Short Version...
Saddle have you seen this?

[link to www.roadtoroota.com]

New $100 is shown at roll out as a 2009 series bill... Interesting

and this.

[link to www.youtube.com]
 Quoting: N3m3s1s


Yes, I saw that. But my sources at the Dallas Fed tell me that the new $100 Bill will NOT be rolled out as a Series 2009...that Series is out there, but no longer being printed.

My source says be believes, but is not sure, that the new Series $100 will be Series 2013.

I asked him specifically about this being tied to a return to the gold standard, and he said he'd heard some strange rumors, but nothing definitive...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
ceawaves

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11/12/2012 08:47 PM

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Re: The Cash Crunch: The Short Version...
But the cash is there, it's being printed, it's being stockpiled, but it's not being circulated. Anyone else having an opinion as to why is welcome to advance their theory here...
==================================================
Stab in the dark:
Stockpiled or has been sent to the Arab springers, and just hasn't made it way back around to here yet..
Millions or billions were sent over there.. what was it? 500 million he wanted for Egypt just a few months ago..
Money laundering?
Anonymous Coward
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11/12/2012 08:53 PM
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Re: The Cash Crunch: The Short Version...
I posted this on your other thread-
and imho it fits with an engineered collapse and eventually a gold standard-once they own all the gold.
They will not hyperinflate away the debt-debt is their bread and butter.And So the only other option is taking everyone elses wealth thru engineered deflation-and hoping the system will not go belly up.
-------------
How about this for a theory--

The Gov wants to keep the boat afloat
The FED-who basically is directed by the member banks,is sitting on a boat load of cash and the member banks do not want the mortgage bailout to work,and to create justification for QE(x).

They slow the flow of cash by not lending it out and restricting the M1 money supply.This currency shrinkage aids in reducing the Vt.

The current in the economic engine is money-less current less economic activity.Less activity means less business and more people unable to make ends meet.

The member banks will win by continued Quantitative Easing and also by asset acquisition-your house,business etc.A Win-Win for them if there ever was one.

Again I am not an expert on economics.So I could be way off base on this idea.But I know the big hitters do nothing by accident.This is after all a conspiracy site.
:)

The routinely banned Dervish
(thru no fault of my own)
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 736749
United States
11/12/2012 08:53 PM

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Re: The Cash Crunch: The Short Version...
But the cash is there, it's being printed, it's being stockpiled, but it's not being circulated. Anyone else having an opinion as to why is welcome to advance their theory here...
==================================================
Stab in the dark:
Stockpiled or has been sent to the Arab springers, and just hasn't made it way back around to here yet..
Millions or billions were sent over there.. what was it? 500 million he wanted for Egypt just a few months ago..
Money laundering?
 Quoting: ceawaves


Maybe, though I can't find any hard evidence of that...

There does appear to be anecdotal evidence that our newly printed money is being made more available for foreign currency swaps...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
We Don't Rent Pigs...

User ID: 736749
United States
11/12/2012 08:58 PM

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Re: The Cash Crunch: The Short Version...
I posted this on your other thread-
and imho it fits with an engineered collapse and eventually a gold standard-once they own all the gold.
They will not hyperinflate away the debt-debt is their bread and butter.And So the only other option is taking everyone elses wealth thru engineered deflation-and hoping the system will not go belly up.
-------------
How about this for a theory--

The Gov wants to keep the boat afloat
The FED-who basically is directed by the member banks,is sitting on a boat load of cash and the member banks do not want the mortgage bailout to work,and to create justification for QE(x).

They slow the flow of cash by not lending it out and restricting the M1 money supply.This currency shrinkage aids in reducing the Vt.

The current in the economic engine is money-less current less economic activity.Less activity means less business and more people unable to make ends meet.

The member banks will win by continued Quantitative Easing and also by asset acquisition-your house,business etc.A Win-Win for them if there ever was one.

Again I am not an expert on economics.So I could be way off base on this idea.But I know the big hitters do nothing by accident.This is after all a conspiracy site.
:)

The routinely banned Dervish
(thru no fault of my own)
 Quoting: Anonymous Coward 27372719


You know I do think there is more to this Cash Crunch than just the two reasons I put forward. The only thing I see about your theory that gives me pause is that the Multi-Nationals they are currently bailing out with QE3 (Under the lie/reasoning of stimulating the mortgage markets) don't really care if the money is actual currency or electronic credits. It's all the same to them. This particular capital control in the form of an artifical cash shortage is primarily aimed at the American Public!!!

And it could be that this "Cash Crunch" is putting a damper on our economy, but since so many transactions are now just electronic credits and debits, I don't really think that is the case.

I do agree that the Fed is trying to pull virtually all debt, and thereby all collateralized assets onto it's balance sheet...

They are obviously buying up the American Economy for pennies on the dollar, apparently in the thought that there will be a massive inflationary event that will make them hundreds of Trillions of dollars...that may well be denominated in Gold backed currency by that time...

Last Edited by Saddletramp on 11/12/2012 09:04 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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11/12/2012 09:02 PM
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Re: The Cash Crunch: The Short Version...
They will release the new bills when Gold gets changed from a tier 3 asset to the new tier 1 asset by the BIS. This move will increase the value (weighting) of "their" Gold by 100% balance sheet reserve wise. This will be the great reset and the forgiveness of trillions in debts owed. I suspect they are unwinding alot but not all CDS deals as fast as they can before this happens in early 2013
 Quoting: Anonymous Coward 17694439


You know I've heard a lot of theories about the Fed possibly moving back to the Gold standard in conjunction with China, and perhaps the Euro...

I even discussed that possiblity in the previous thread, because my source at the Fed says the excuses they are using for not releasing the new $100 bill into circulation are total and complete BULLSHIT!!!

Knowing that governments all over the world are currently auditing their gold holdings, this would not surprise me, but I think you are right, this will only come after an economic reset the likes of which we've never seen before...
 Quoting: Saddletramp


This is why Gold is being suppressed right now as the central banks are hording. They will double the asset reserves on their balance sheets with just the tier rule change alone and then Gold should double in price within weeks of this rule change and then what do we have ? Central banks balance sheets will have a shot of adreniline being that their Gold holdings reserves are now worth 300% of what they were. Nice when you control the price of everything.
 Quoting: Anonymous Coward 17694439


Well I think the question then becomes, will they try to outlaw the average citizen from holding physical gold as an investment like they did during FDR?!?!?

If you see something like that enacted by executive fiat, you will know what's coming for sure...
 Quoting: Saddletramp


The thing is that I dont see a 100% Gold backing to the currency as it will be a basket. In the U.S. it could be 50% Gold 50% Natural Gas or something like that. Russia could have 50% Gold 25% oil and 25% Natural Gas where China could have 50% Gold 16.6% oil 16.6% NG and 16.6% US Bonds and so on. Did you see the article today regarding the US being the biggest producer of BTU's by 2017 ? It sounded like a shot over the bow to me. They say oil producer but all it is about is natural gas ! Here it is [link to finance.yahoo.com]
Anonymous Coward
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11/12/2012 09:07 PM
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Re: The Cash Crunch: The Short Version...
Took out $80 ink twenties yesterday, and had to fight to get them UNSTUCK! NEVER in my 84 years have I had to do that. Have to be printing them SO FAST that the ink isn't dry on the paper when the stack/bundle them.

Got any OTHER reasons, Bammy shills ?
Saddletramp (OP)
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11/12/2012 09:07 PM

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Re: The Cash Crunch: The Short Version...
...


You know I've heard a lot of theories about the Fed possibly moving back to the Gold standard in conjunction with China, and perhaps the Euro...

I even discussed that possiblity in the previous thread, because my source at the Fed says the excuses they are using for not releasing the new $100 bill into circulation are total and complete BULLSHIT!!!

Knowing that governments all over the world are currently auditing their gold holdings, this would not surprise me, but I think you are right, this will only come after an economic reset the likes of which we've never seen before...
 Quoting: Saddletramp


This is why Gold is being suppressed right now as the central banks are hording. They will double the asset reserves on their balance sheets with just the tier rule change alone and then Gold should double in price within weeks of this rule change and then what do we have ? Central banks balance sheets will have a shot of adreniline being that their Gold holdings reserves are now worth 300% of what they were. Nice when you control the price of everything.
 Quoting: Anonymous Coward 17694439


Well I think the question then becomes, will they try to outlaw the average citizen from holding physical gold as an investment like they did during FDR?!?!?

If you see something like that enacted by executive fiat, you will know what's coming for sure...
 Quoting: Saddletramp


The thing is that I dont see a 100% Gold backing to the currency as it will be a basket. In the U.S. it could be 50% Gold 50% Natural Gas or something like that. Russia could have 50% Gold 25% oil and 25% Natural Gas where China could have 50% Gold 16.6% oil 16.6% NG and 16.6% US Bonds and so on. Did you see the article today regarding the US being the biggest producer of BTU's by 2017 ? It sounded like a shot over the bow to me. They say oil producer but all it is about is natural gas ! Here it is [link to finance.yahoo.com]
 Quoting: Anonymous Coward 17694439


I think you're right, it will be a basket of commodities. If you notice, via the Bailouts, and various QE programs, the Fed is currently buying up the American Economy for pennies on the dollar.

Perhaps the Fed just puts up it's capital assets; gold, real estate, energy, etc as the backing for the new rolled out currency?!?!?

You are right though, Natural Gas is by far our biggest energy reserve here in the U.S.A, and this coming at a time when we are looking to take the lead in the world in oil production.

Energy production may well be what pulls America out in the end...

Though I don't see it happening before some major reset of the financial system...

Last Edited by Saddletramp on 11/12/2012 09:13 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
User ID: 17694439
United States
11/12/2012 09:09 PM
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Re: The Cash Crunch: The Short Version...
I posted this on your other thread-
and imho it fits with an engineered collapse and eventually a gold standard-once they own all the gold.
They will not hyperinflate away the debt-debt is their bread and butter.And So the only other option is taking everyone elses wealth thru engineered deflation-and hoping the system will not go belly up.
-------------
How about this for a theory--

The Gov wants to keep the boat afloat
The FED-who basically is directed by the member banks,is sitting on a boat load of cash and the member banks do not want the mortgage bailout to work,and to create justification for QE(x).

They slow the flow of cash by not lending it out and restricting the M1 money supply.This currency shrinkage aids in reducing the Vt.

The current in the economic engine is money-less current less economic activity.Less activity means less business and more people unable to make ends meet.

The member banks will win by continued Quantitative Easing and also by asset acquisition-your house,business etc.A Win-Win for them if there ever was one.

Again I am not an expert on economics.So I could be way off base on this idea.But I know the big hitters do nothing by accident.This is after all a conspiracy site.
:)

The routinely banned Dervish
(thru no fault of my own)
 Quoting: Anonymous Coward 27372719


No, the reason they are rationing the cash is to slow people from diving into physical holdings of gold and silver hand over fist. Since the QE4ever announcement any one with a half a brain cell is getting out of the dollar and into some type of hard assets like Gold and Silver. By restricting access to cash they slow the transition to hard assets. When cash is traded in for Gold or silver it creates inflation because it used to be parked on the banks balance sheet in a savings account used for collateral reserves or on a piece of ETF script. Now ? in the open market it (dollar) islooking for a home = inflation with nowhere to go except more hard assets.
Anonymous Coward
User ID: 27372719
11/12/2012 09:14 PM
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Re: The Cash Crunch: The Short Version...


The thing is that I dont see a 100% Gold backing to the currency as it will be a basket. In the U.S. it could be 50% Gold 50% Natural Gas or something like that. Russia could have 50% Gold 25% oil and 25% Natural Gas where China could have 50% Gold 16.6% oil 16.6% NG and 16.6% US Bonds and so on. Did you see the article today regarding the US being the biggest producer of BTU's by 2017 ? It sounded like a shot over the bow to me. They say oil producer but all it is about is natural gas ! Here it is [link to finance.yahoo.com]


I do not want to derail this thread,but your post made me remember something that may be a key element here.
1.A few weeks back the Brits talked about making petro chemicals from air.
2.And the US Navy was doing the same with sea water
3.A group of hi ranking foreign policy and intell types are on record stating that they do not see Israel surviving more that a few more years.(One of our major allies in the M.E.,an area where we have vital interests).

I add these up, and it may be that TPTB are planning for a post-petrodollar era. I have stated before we could be much more energy self sufficient in the US,but the drawback is the death of the petrodollar.Maybe the gold/energy basket is how they plan on overcoming that.And after the need for M.E. oil,the fate of Israel is just not important to the leadership.A caveat to that is that the Arab world would not be able to finance a war with Israel if the above occur.
N3m3s1s

User ID: 4637200
United States
11/12/2012 09:14 PM

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Re: The Cash Crunch: The Short Version...
Saddle have you seen this?

[link to www.roadtoroota.com]

New $100 is shown at roll out as a 2009 series bill... Interesting

and this.

[link to www.youtube.com]
 Quoting: N3m3s1s


Yes, I saw that. But my sources at the Dallas Fed tell me that the new $100 Bill will NOT be rolled out as a Series 2009...that Series is out there, but no longer being printed.

My source says be believes, but is not sure, that the new Series $100 will be Series 2013.

I asked him specifically about this being tied to a return to the gold standard, and he said he'd heard some strange rumors, but nothing definitive...
 Quoting: Saddletramp


What do you mean by "that series is out there"? It's not in circulation.
IssueX

User ID: 14348632
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11/12/2012 09:16 PM
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Re: The Cash Crunch: The Short Version...
But the cash is there, it's being printed, it's being stockpiled, but it's not being circulated. Anyone else having an opinion as to why is welcome to advance their theory here...
==================================================
Stab in the dark:
Stockpiled or has been sent to the Arab springers, and just hasn't made it way back around to here yet..
Millions or billions were sent over there.. what was it? 500 million he wanted for Egypt just a few months ago..
Money laundering?
 Quoting: ceawaves


Maybe, though I can't find any hard evidence of that...

There does appear to be anecdotal evidence that our newly printed money is being made more available for foreign currency swaps...
 Quoting: Saddletramp


giving you 5 stars and bump