James joins Alfred Adask for their weekly conversation on Financial Survival to discuss the latest financial and economic news from around the world, including the cashless society takeover, the QE unwind and the rise of the robots.
SHOW NOTES:
The War on Cash: A Country by Country Guide
Not even the darkest minds imagined it would be this bad for China
China Injects Another $50 Billion Liquidity As Mysterious Panic Buyer Reappears In Offshore Yuan
A Whole New Level Of Moral Hazard: China Will Use Public Funds To Cover Venture Capital Losses
Wilshire 5000 vs. monetary base
Did Japan Just Prove That Central Bankers Are Effectively Out of Ammo?
Interview with Pepper the robot
Fed’s Bill Dudley: The Fed Doesn’t Fully Understand How QE Works
I know some of you have inquired about my weekly conversation with Alfred Adask. I do still talk to him every week, but do not post that conversation to the site every week. I usually do several interviews a week on various outlets (Financial Survival, HoweStreet.com, Declare Your Independence, etc.) and only post them here if I feel they tread new ground or flesh out important context. However, you can always listen to my latest Financial Survival appearance via their website (my appearance is posted on Thursday):
http://archive.americanvoiceradio.com/!melody_archive.html
Also, when/if/as it’s feasible Broc and I will try to post these interviews to the Corbett Report Extras channel (assuming we’re not busy on other videos), so please subscribe to that channel if you haven’t yet done so:
http://www.youtube.com/corbettreportextras
Thanks for the update James. Didn’t realize this convo was still taking place. Looking forward to listening to this one. And thank you for filtering out and posting only the episodes you think break new ground. Very grateful for all your work and the care you put into this site. My favorite alt-news place on the web. (Though hoping newsbud reaches new heights when ready).
There is one thing rarely spoken about: who is buying US treasury crap China and others are selling? We are taking of numbers up to $1 trillion.
There is one article briefly addressing this question:
http://www.globalresearch.ca/impending-financial-collapse-declining-real-economy/5502211
If this is the situation that ESF (Exchange Stabilization Fund) is buying this trash, could we say that we have another QE(?) ?
James,
I admire the way you handle Alfred’s black-and-white framing of the subjects you tackle in this series. When someone asks you “is this A, or is this B?”, they by default leave out the options that it might be C, D, E or X. You gracefully don’t fall into these verbal traps, and and avoid these oversimplifications, focusing on the wider picture. You have the patience of a saint…
I did miss Alfred Adask, fantastic guy! And our financial advisor from Swizerland…
Fantastic work everytime! And btw everyone understands you need family time aswell, very important man. Do what’s good.
Peace
Bank Runs have begun in Italy!
Doom-porn at its finest.
It’s so sad that although many people accept that the main stream media is totally controlled, they don’t even suspect how controlled the alt-media is too.
people always need something to cling on to , and those running the show know this . sad is true .
great age-old rule is follow the money as they say , who benefits from the release. If you can have a true un-biased and non-self-interested opinion on it , you can usually find the gems among the filth . But then that is the hard part .
I recently heard about the ESF. Fascinating and powerful information and it’s been around for a few years.
I’m told he is missing. Take a listen!
http://www.zerohedge.com/news/presenting-exchange-stabilization-fund-5-parts-real-plunge-protection-team
Ha !! hence why it more then likely won’t happen , not in the way we are being led to believe anyhow. Although on the face front they want all the tax dollars and accountability of all peoples, on the reverse they also do need that stream of cash to come in from the other “sources” . Interesting .
I was in Viet Nam and I wanted to buy an aeroplane ticket to Europe. I went to the Singapore Airlines ticket office in Saigon where I was told that if I wanted to pay for my ticket in cash I would have to pay an additional $30 fee. Could that be legal, after all I daresay cash is “legal tender for all debts public and private”? I donโt know Vietnamese law, but since I needed the ticket I didnโt hang around to debate the issue.
When I arrived in Singapore to change planes I wanted to call home. My mobile didnโt work in Singapore so I went looking for a public pay phone. In the whole of Singapore International Airport I could not find one single public telephone which accepted cash.
When I was a boy I was always told to carry a dime, just in case. That way I could always make an emergency call. So much for 20th century wisdom.
After I arrived at Amsterdam Schiphol airport I wanted to buy a train ticket to Amsterdam Central, but none of the many ticket machines accepted cash. I had to queue at the ticket counter. The service was slow and poor, obviously to “encourage” people to use the ticket machines instead. Only one out of about 10 counters there sold tickets for cash.
There was a bit of time at Utrecht station to make a connecting train. I went to a little shop on the concourse to buy some water and a cheese sandwich for my onward journey. They refused to accept cash. I was told that if I didnโt have a credit card, I would have to go hungry.
I finally made it to London. I had booked a room there in advance, but the booking could only be made by giving my credit card details in advance. I said I would pay cash in full on arrival. Their policy is: No credit card details, no room.
After I unpacked I went to Tesco to buy something to eat. There were about 6 counters for self-checkout, one for cash. I stood in the very slow moving cash queue. One of the workers asked me why I didnโt do the check-out myself and save time. I told him I was queuing in order to save his job. I said that his job was going to be taken over by a machine. He looked at me as though I was nuts.
Perhaps I am nuts, but I do not see these as isolated incidents. They all indicate a global war on cash. How can we fight this?
James, I hope your reports make more people aware of the dangers ahead.
The link ‘Bank Runs have begun in Italy!’ in the show notes is broken, Googling the title still gives the same broken link at the very top. Here is an alternative that works: http://www.theeventchronicle.com/finanace/bank-runs-have-begun-in-italy/#
Thanks for letting me know, Frank. I’ve replaced the link in the show notes with the one you provided.
This is an article in from the weekly news magazine ‘Der Spiegel’ from today 02-03-16, discussing that the German government considers to restrict cash transfers to be limited to 5000โฌ…
http://www.spiegel.de/wirtschaft/soziales/bargeld-zahlung-bundesregierung-erwaegt-5000-euro-obergrenze-a-1075338.html
It might be that the article is found on their English website as well, but so far so good ๐
Regards/A
Thanks for the tip. I’ve added an entry on Germany to the article with this information.