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Message Subject The Cash Crunch: The Short Version...
Poster Handle Anonymous Coward
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The routinely banned Dervish
(thru no fault of my own)


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.


I used to be a gold bug-still have a significant amount in physical.But you can buy gold with a credit card or your check book,at least where I live.You do not need cash to do that.

If you have cash in your account then its not an issue.
Another factor is that they will not allow hyper inflation.That destroys the wealth of the elite as much as you and I.
Further,if gold prices skyrocket,who can afford to buy it?
When FDRs gold order came thru,they set the price of conversion.What happens if they say gold oz =1700 dollars,and you have to turn it in?

They cannot monetize out of this debt by hording gold.The gold they store would have to be sold to pay off debt-and that gains them nothing.
 
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