Most of us only know the concept of positive interest rates. If you had a checking account earlier, at the end of the year you received one or two percent of the balance from the bank for storing the money with it. On the other hand, negative interest rates mean that you don't get anything as a gift, but that you even have to pay to have your money in the bank.
Why should I leave my money in the bank if my money has negative interest there? Why shouldn't I just store my money in a safe at home where I don't have to pay negative interest?
That would be the logical consequence.
In order to prevent people from circumventing negative interest rates simply by taking all their money out of the bank and storing it at home, which would otherwise collapse the banking system, cash should be banned so that one cannot make oneself independent of a bank.
You should be forced to have all the money in the bank where it pays negative interest so that little is saved and much is consumed,
which in the long run will result in nothing less than chaos and the impoverishment of society. Everything is based on the simple mistake of assuming that you can become wealthy through consumption. The cash ban is ultimately the logical end of a completely incorrect basic assumption. The second important reason ... for the cash ban is much easier to explain than the first.
It's all about control.
The state wants to be able to monitor every economic activity in order to tax everything.
Since the state is a parasite that lives at the expense of the productive population, it cannot allow people to trade with each other without putting part if it in their own pockets in the form of taxes.
If people trade with one another without paying their tribute to the state, i.e. undeclared work, the state goes away empty-handed.
He wants to avoid that. That is why he has to monitor everything and everyone in order to be able to tax everything and everyone.
This is parasitism, surveillance madness and police state control in the 21st century.
I only experienced a typical example at my bank:
With 1000Euro in the savings account I get 14 cent interest A YEAR !!
I then have to pay 3 euros capital gains tax and pay a 24 euro account management commission to the bank, which means that I gave the bank 1000 euros and after 1 year I only get 972.86 back, why should I give my money to Benk?
Why should I leave my money in the bank if my money has negative interest there? Why shouldn't I just store my money in a safe at home where I don't have to pay negative interest?
That would be the logical consequence.
In order to prevent people from circumventing negative interest rates simply by taking all their money out of the bank and storing it at home, which would otherwise collapse the banking system, cash should be banned so that one cannot make oneself independent of a bank.
You should be forced to have all the money in the bank where it pays negative interest so that little is saved and much is consumed,
which in the long run will result in nothing less than chaos and the impoverishment of society. Everything is based on the simple mistake of assuming that you can become wealthy through consumption. The cash ban is ultimately the logical end of a completely incorrect basic assumption. The second important reason ... for the cash ban is much easier to explain than the first.
It's all about control.
The state wants to be able to monitor every economic activity in order to tax everything.
Since the state is a parasite that lives at the expense of the productive population, it cannot allow people to trade with each other without putting part if it in their own pockets in the form of taxes.
If people trade with one another without paying their tribute to the state, i.e. undeclared work, the state goes away empty-handed.
He wants to avoid that. That is why he has to monitor everything and everyone in order to be able to tax everything and everyone.
This is parasitism, surveillance madness and police state control in the 21st century.
I only experienced a typical example at my bank:
With 1000Euro in the savings account I get 14 cent interest A YEAR !!
I then have to pay 3 euros capital gains tax and pay a 24 euro account management commission to the bank, which means that I gave the bank 1000 euros and after 1 year I only get 972.86 back, why should I give my money to Benk?
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[x] <= Drive in nail here for new display!
