*** Spain Bans Cash Transactions Over 2,500 Euros ***
Spain Bans Cash Transactions Over 2,500 Euros ... Spain has outlawed the use of cash in business transactions in excess 2,500 euros in order to crack down on the black market and tax evaders. The motivations behind the push for digital currencies is exposed as Spain heads down the road of the Greeks in combating their sovereign debt crisis. As the government scrambles for every tax dollar it can get its hands on, even though they already gave every Spaniard $23,000 Euros in debt last year alone (approximately $32,500), they are now banning all large cash business transactions. Why? So they can track the transactions and make sure that people and business are paying taxes. Being able to track the transactions is also aimed to combat the growing black market in Spain. – Alexander Higgins' blog
Dominant Social Theme: This cash has gotta go. It's evil.
Free-Market Analysis: They are not even making a pretense anymore that the West is run via market economies. As we have long predicted, the phony "sovereign debt" crisis in Europe is being used to justify all sorts of authoritarian measures.
It is government pols that gladly borrowed what European banks threw at them. And somehow the upshot earlier this week is that Spanish citizens now lose the right to conduct many transactions in cash.
Spectactularly, the reports such as this one, excerpted above, don't even both to hide the real point. The Spanish government wants to ensure that it can "track transactions and make sure that people and businesses are paying taxes."
Of course, anyone who has visited Spain of late knows that the tax burden in Spain is onerous indeed, and is one reason that the truculent tribes that have co-existed uneasily with Madrid are again beginning to beat the drums of secession.
The taxes that the central government levies on small businesses especially are verging on punitive. But there are no apologies. The official position is one of unflinching demands.
It is surely part of a larger meme having to do with a "cashless" society. Just recently the UK Telegraph asked "Is mobile the way we'll all be paying?" The answer, as can be expected, was a qualified yes, but issued in the predictable upbeat way.
The cashless society has been a much-mooted concept ever since consumer credit cards were widely introduced in the 1950s. Now it seems that “mobile money” is the new gold rush. The term – used to describe the way the mobile phone is used to pay for goods – yields no fewer than 126 million results on a Google search ...
Market research firm Yankee Group believes that global mobile transactions will become a $1trillion market by 2015. While Berg Insight says there will be 894m worldwide users of mobile banking by the same year. Peter Ayliffe, chief executive of Visa Europe, who sits on the Monitise board, believes 50pc of all Visa transactions in Europe will be on a mobile device by 2020.
The top men are beginning to issue their predictions. The march to a cashless society has begun. Perhaps we owe Spain a debt of gratitude for revealing the REAL reason for a cashless society. It makes tax collecting so much easier.
RE: *** Spain Bans Cash Transactions Over 2,500 Euros ***
TwatwaffleWrote: (04-24-2012 05:43 AM)
JohntarazWrote: (04-24-2012 04:40 AM)
What is the turning point in this nightmare?
I have been thinking when the seizures (non-epileptic) start then your answer will be a logical, historically precedent-ed, outcome.
Hope my kids are grown and in the Mars colonization program, or biologists on an uncharted island with agricultural areas and an underground bunker, and a seed vault, a neutral island of no military or economic value whatsoever.
Twatwaffle lop guest User ID: 92174 04-24-2012 06:15 AM
RE: *** Spain Bans Cash Transactions Over 2,500 Euros ***
Barter, barter, barter. While you still can, get things of value to barter later......like tobacco, alcohol, first aid items, matches, lighters, charcoal, cooking oil, blah, blah, blah, and the obvious things like coffee, tea, other foodstuffs, etc. Buy as many seeds as you can. Started planting my garden these past couple of weeks and was happy to notice that we have enough seeds of all kinds of veg to last for years, not to mention the seeds we save from what we grow (always let part go to seed, especially if the plants have done well, dry them, store them). Keep silver, copper. Tools. And of course, your skill at something. There is absolutely no way in hell to shut down the so-called "underground" economy. Trust me, even if they confiscate cash (ha, ha, ha) or devalue it to the point of utter worthlessness (and what makes us believe and act like those pieces of PAPER are real?), trading what you have or what you can do for what you need has been going on a helluva lot longer than this BS that's coming downt he pipe at the moment!
LoP Guest lop guest User ID: 90900 04-24-2012 07:29 AM
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