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Q Alert: Banks Set To Go Cashless – Going To Crash The Bond Market?

Thursday, March 9, 2017 18:27
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(Before It's News)

from Steve Quayle:

I work IT at one of the highest technical positions in a major telecommunications firm .The only position higher than the one my colleagues or myself holds, is the CIO position.

We usually get info way before implementation. There is now a project going on in banks to implement block chain technology. This is very different from past reports as the previous reports were banks testing it out.

The testing is complete. Contractual discussions between banks and a big three letter company (helped to create the serial number generators for the Nazis) are underway. The details are more or less related to a typical service. But, still blockchain technology will be used to track people, their payments and enforce much higher taxes.

Personally, almost all of my assets are outside of the banking system. I work with banks daily and have hundreds of clients. So, obviously I have some experience to back up my decision.———–A second note about bank warnings.

1. ECB has put out recent warnings about the volatility in the forex and
bond markets. I believe this is a face saving move, so when big losses
come, they will say “we told you so”.

2. Working with Federal Reserve on a technical project. They are clueless,
have no plans, and make decisions that make no sense. Typically
organizations run from the top down, so, I wouldn’t be surprised if the
heads of the Fed are the same. Hard to say if they are malicious or just
brain dead. HERE ARE HIS RECOMMENDATIONS AS AN INSIDERS INSIDER
1 – Know that all your transactions can be tracked and are shared between governments.
2 – Gold & Silver are a must. I have used it to pay friends when I didn’t want transactions showing up on my bank account.
3 – I like bitcoin. I know some people think this was created by “the elite”, but why create bitcoin and leave it there while creating your own independent blockchain tech to back up fiat currency transactions? This tells me it is not elite controlled, at least, not completely. And, there is some anonymity there for privacy concerned people.
4 – Hold cash in small bills. Banks are moving towards a cashless society, no doubt. But, there is a major opinion that they do not want to do away with smaller denominations, at least anytime soon. The ECB has new banknote issuance into 2018 and they have the project teams to back up the news. I keep stacks of 5s, 10s, and 20s. From what we have seen in the recent past, it is always the large denominations that are banned overnight.

The rest of the methods I know about are either, illegal or make you look like a criminal. Some are legal, depending on where you set them up and where the moves are made. So, I’d suggest people look into:

1 – Foreign family trusts in nations that do not have a FATCA treaty but also have a stable legal and economic system. This must be done by a lawyer to be done legally and varies from person to person. But, you can use your trust as an intermediary for payments legally.
2 – Hold more assets outside of the banking system. Things that have lasted throughout history and are not always considered financial investments:
– Food & Farmland
– Fine wine (the kind of stuff that is less that 1% of the world’s supply and is rare), very illiquid but in most cases, not regulated by FIN law and not always subject to capital gains tax. Also, very speculative.
– Having a trade network on your own. Learning how to trade goods you can produce. This is how families survived the Soviet Union and the famines.

That is all I have, but, the only way to beat the blockchain technology is to not use it. That means both being outside of it’s system and doing low tech stuff from the past.

Read More @ Stevequayle.com

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