Treasury Will Run Out Of Cash In Mid-October, CBO Warns

The US government is Illinois 2.0 on steroids.  The key difference being, of course, the US Treasury and Fed will just create more dollars out of thin air, and Congress will just raise the debt limit, kicking the can down the road further.  The problem is one day, that can will be a boulder.

http://www.zerohedge.com/news/2017-06-29/treasury-will-run-out-cash-mid-october-cbo-warns

You won’t believe this stupid new law against Cash and Bitcoin

https://www.sovereignman.com/trends/you-wont-believe-this-stupid-new-law-against-cash-and-bitcoin-22019/

Cash Is No Longer King: The Phasing Out of Physical Money Has Begun

http://theantimedia.org/cash-no-longer-king/

These Countries Have Nearly “Eliminated Cash From Circulation”

http://www.shtfplan.com/commodities/these-countries-have-nearly-eliminated-cash-from-circulation_12022016#

"We Are At A Point Where The Encroachment Of Government Power Has Historically Resulted In Rebellion"

http://www.zerohedge.com/news/2016-08-28/we-are-point-where-encroachment-government-power-has-historically-resulted-rebellion

Munich RE stashes gold and cash to counter negative rates

http://www.usagold.com/cpmforum/2016/03/16/munich-re-stashes-gold-and-cash-to-counter-negative-rates/

Munich Re stashes gold and cash to counter negative rates

I love how insurance agents and financial advisers demonize gold as they sell their paper to unwitting clients.  Fiat currency will die an ugly death as it always does.

http://www.reuters.com/article/munich-re-ecb-idUSL5N16O3DE

The Budget Deal and the Canary in the Coal Mine

http://chuckspinney.blogspot.com/2015/10/the-budget-deal-and-canary-in-coal-mine.html

Greeks Can’t Tap Cash, Gold, Silver In Bank Safety Deposit Boxes

http://etfdailynews.com/2015/07/14/greeks-cant-tap-cash-gold-silver-in-bank-safety-deposit-boxes/

Many Greeks were also withdrawing their cash because they fear the country might be forced back onto the drachma. However a little known fact is that, Greeks who had prepared for bank runs by withdrawing cash and buying gold and silver bullion and then lodging that bullion and indeed cash into safety deposit boxes have also been caught up in the draconian capital controls.

We have warned about this for many years and warned as recently as April this year that people should avoid using safety deposit boxes in banks.

“Greeks cannot withdraw cash left in safe deposit boxes at Greek banks as long as capital restrictions remain in place”, Nadia Valavani, a Deputy Finance Minister in Greece told local television station according to a Reuters report.

The trouble with cash

https://www.goldmoney.com/research/analysis/the-trouble-with-cash

The Bankster War on Cash; JPMorganChase Begins to Prohibit the Storage of Cash in Its Safety Deposit Boxes

http://www.economicpolicyjournal.com/2015/04/the-bankster-war-on-cash-jpmorganchase.html

Cops can confiscate your cash without charging you with a crime

http://features.aol.com/video/cops-can-confiscate-your-cash-without-charging-you-crime

GoldNomics - Cash or Gold Bullion?

http://youtu.be/-HaqwFJj4ZY

The "Impossible" Healthcare Solution: Go Back to Cash

http://www.oftwominds.com/blogjuly09/healthcare07-09.html

Why you always want physical EVERYTHING…

http://www.sovereignman.com/expat/why-you-always-want-physical-everything-8537/

Still Think That Money Market Fund Is “Cash”?

http://dollarcollapse.com/capital-controls/still-think-that-money-market-fund-is-cash/

Still Think That Money Market Fund Is “Cash”?

http://dollarcollapse.com/capital-controls/still-think-that-money-market-fund-is-cash/

Regulatory Capital Rules: Standardized Approach for Risk-Weighted Assets; Market Discipline and Disclosure Requirements

Gold bugs have gotten it right all along.

http://www.fdic.gov/news/news/financial/2012/fil12027.html

A. Zero Percent Risk-Weighted ItemsThe following exposures would receive a zero percent risk weight under the proposal:

• Cash;

• Gold bullion;

• Direct and unconditional claims on the U.S. government, its central bank, or a U.S. government agency;

• Exposures unconditionally guaranteed by the U.S. government, its central bank, or a U.S. government agency;

• Claims on certain supranational entities (such as the International Monetary Fund) and certain multilateral development banking organizations

• Claims on and exposures unconditionally guaranteed by sovereign entities that meet certain criteria (as discussed below).

For more information, please refer to sections 32(a) and 37(b)(3)(iii) of the proposal. For exposures to foreign governments and their central banks, see section L below. 

Q. Treatment of Collateralized TransactionsThe proposal allows banking organizations to recognize the risk mitigating benefits of financial collateral in risk-weighted assets, and defines financial collateral to include:

• cash on deposit at the bank or third-party custodian;

• gold;

In all cases the banking organization would be required to have a perfected, first priority interest in the financial collateral.
1. Simple approach: A banking organization may apply a risk weight to the portion of an exposure that is secured by the market value of financial collateral by using the risk weight of the collateral – subject to a risk weight floor of 20 percent. To apply the simple approach, the collateral must be subject to a collateral agreement for at least the life of the exposure; the collateral must be revalued at least every 6 months; and the collateral (other than gold) must be in the same currency.

Why Corporations Should Get Out of Cash, and Into Gold

I understand the gist of this article, but the author misses one big fact:  Apple doesn't hold $20 billion in cash--it has approximately $100 billion in cash.

http://www.forbes.com/sites/realspin/2012/03/25/why-corporations-should-get-out-of-cash-and-into-gold/

Gold Bullion or Cash

This is a worthy re-run:


http://youtu.be/ja0EeLCraXI