“I meant The Road to Ruin to be a fire bell in the night,” Jim Rickards explained upon the release of his latest book, “warning everyone I can about the crisis I see coming and what they can do to protect their wealth. I promise you, governments and the global elites don’t want this book to exist.”
As you may’ve heard, Rickards just released The Road to Ruin this month. And, to say the least, it’s a doozy. In the fight for centralization, the elites must know time is running out.
So, it’s full speed ahead.
I’m especially interested in Rickards’ predictions after seeing him successfully predict both Brexit and Trump’s presidency.
And here’s just some of what I’ve discovered in his new book so far:
➤ A tyrannical tool used to steal your wealth that, when revealed to Americans, will cause confusion, stealth financial losses and dismay. Start at the top of Page 68 to get the full story
➤ Why Dec. 18, July 28, Aug. 4 and Aug. 15 are four crucial dates you need to put on your calendar that mark the elites’ quiet ongoing crusade for a centralized, global monetary system. Page 61
➤ Rickards’ horrifying discovery about what’s coming for the economy and the market in 2017. “The U.S. government granted me a special clearance to report,” he said, “which led me to the terrible conclusion that…” He reveals his conclusion publicly for the first time on Page 98.
➤Shocking details of what may be called the “World Citizens Database.” (Prepare for your unique global identifier number.) “It will help the global elites make sure you pay your ‘fair share’ in taxes and much more.” Rickards reveals all the official proof, starting on Page 77
➤The New World Order that will be imposed on the entire planet. (Put away the tinfoil hat. This is very real, and it will undermine individual governments and your personal liberty.) “The well-documented truth is on Page 86,” says Rickards, “is much more frightening than any fiction I or anyone else could ever dream up.”
Rickards wants to share this book with anyone he can. Which is why, while everyone else pays $23, he’s giving it out to YOU for free. “It’s not about the money for me,” he explained. “Getting the message out is far more important.”
Today, to show you just how urgent the material in this book really is, Rickards will talk about the War on Cash and why now, more than ever, it’s beginning to escalate to a whole new level of financial tyranny.
[Ed. note: Keep what you read in your free copy of Rickards’ book in mind while you’re out running errands today or tomorrow. Cash is under attack. And there are a few things you can do today to protect yourself. Click here to reserve your free copy of Rickards’ book right now, before it’s too late.]
The War on Cash Has Just Escalated
I’ve been warning investors for months about the war on cash.
This war has been in full swing in Europe and the U.S. for a long time.
Governments plan to use negative interest rates, confiscatory taxes and other techniques to rob savers of their wealth. In order to do this, they have to force savings into digital accounts at large government-controlled banks.
As long as savers can hold cash, they can avoid many of these confiscation techniques. Therefore, governments must eliminate cash.
The latest battleground in this war is India. In a shock announcement on Nov. 8, India declared that 500- and 1,000-rupee notes are no longer legal tender. Imagine that — the money in your wallet or purse is instantly made worthless by government decree. That’s what happened.
There were limited exceptions for hospitals and gas stations. Naturally, gas lines formed everywhere, and some people rushed to hospitals to prepay for future medical care with now worthless bank notes. The other exception to worthlessness was if you deposited the notes in the bank.
There you would receive “digital credit” in your account. Of course, the tax man was waiting at the bank to ask you where you got the money. Those without an acceptable answer can expect trouble from the Indian Revenue Service. This is not the end of the war on cash. It’s just the beginning.
India’s decision is having devastating ripple effects in the Indian economy and the market for gold. The consequences of the decision are both appalling and encouraging — appalling because they show governments’ ability to destroy wealth, and encouraging because they show the ingenuity of individuals operating under the thumb of an oppressive government.
One immediate consequence is that paper money began trading at a discount to face value. In plain English, you might be able to sell your illegal 1,000-rupee note to a middleman for 750 rupees in smaller denominations. You would get legal tender for your worthless 1,000-rupee note.
This is the first time I’ve ever seen cash trading at a discount (although I did predict this development in Chapter 1 of my new book, The Road to Ruin, released Tuesday).
By Friday, Nov. 11, the entire banking system in India was beginning to run out of cash and alternative forms of payment such as gold and barter were emerging. Don’t think of this as something that happens only in poor countries. Similar scenes will play out in the U.S. and Europe as elites become more desperate to take your money.
There’s a lot else going on that is aimed at destroying your wealth to solve the global debt problem. I write about these developments in issues of Strategic Intelligence.
The global elites are using negative interest rates to do the same thing as inflation — make your money disappear. One way to avoid negative interest rates is to go to physical cash. In order to prevent that option, the elites have launched a war on cash.
The war on cash has two main thrusts. The first is to make it difficult to obtain cash in the first place. Coming back to the U.S., banks will report anyone taking more than $3,000 in cash as engaging in a “suspicious activity” using Treasury Form SAR (Suspicious Activity Report).
The second thrust is to eliminate large-denomination banknotes. I just described what’s happening in India. The U.S. got rid of its $500 note in 1969, and the $100 note has lost 85% of its purchasing power since then. With a little more inflation, the $100 bill will be reduced to chump change.
The war on cash is old news, but it’s picking up. Earlier this year the European Central Bank announced that they were discontinuing the production of new 500 euro notes (worth about $575 at current exchange rates). Existing 500 euro notes will still be legal tender, but new ones will not be produced.
This means that over time, the notes will be in short supply and individuals in need of large denominations may actually bid up the price above face value paying, say, 502 euros in smaller bills for a 500 euro note. The 2 euro premium in this example is like a negative interest rate on cash.
The whole idea of the war on cash is to force savers into digital bank accounts so their money can be taken from them in the form of negative interest rates. An easy solution to this is to go to physical cash.
Yet if physical cash becomes scarce (or nearly worthless due to inflation), savers may pay a slight premium for large-denomination notes. Your premium disappears because the note pays no interest. The elites have actually figured out a way to have negative interest rates follow you from digital accounts to paper money.
Another solution to negative interest rates is to buy physical gold. But if the government has a war on cash, can the war on gold be far behind? Probably not.
Governments always use money laundering, drug dealing and terrorism as an excuse to keep tabs on honest citizens and deprive them of the ability to use money alternatives such as physical cash and gold. When you start to see news articles about criminals using gold instead of cash, that’s a stalking horse for government regulation of gold.
Guess what? An article on the topic of criminals using gold just appeared this May in Bloomberg. This is one more reason to get your physical gold now, while you still can.
As if inflation, confiscation, and negative rates weren’t enough, the global elites are coordinating a new plan for global taxation. As usual, there’s a technical name for global taxation so non-elites won’t understand the plan. It’s called base erosion and profit shifting, or “BEPS.”
The BEPS project is being handled by the OECD and the G-20, with the IMF contributing technical support. If you’re interested in BEPS, there’s an entire website devoted to the global taxation plans and timetables.
The website is worth a look. To paraphrase that famous line attributed to Trotsky, “You may not be interested in BEPS, but BEPS is interested in you.”
The global elite plan doesn’t stop there. There’s also the climate change agenda led by the United Nations. This agenda goes by the name United Nations Framework Convention on Climate Change (UNFCCC).
The science of climate change is a sticky topic. It’s enough to know that climate change is a convenient platform for world money and world taxation.
That’s because climate change does not respect national borders. If you have a global problem, then you can justify global solutions. A global tax plan to pay for global climate change infrastructure with world money is the end game.
Don’t think that climate change is unrelated to the international monetary system. Christine Lagarde almost never gives a speech on finance without mentioning climate change. The same is true for other monetary elites. They know that climate change is their path to global financial control.
That’s the global elite plan. World money, world inflation and world taxation, with the IMF as the central bank of the world, and the G-20 Leaders as the Board of Directors. None of this is secret. It’s all hiding in plain sight.
This will be playing out in the next few years.
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P.S. I promise you, governments and the global elites don’t want this book to exist. Click here before it’s too late.