Two BIG Reasons NOT to keep your cash in the bank

[TXBullion]

Best I understand from talking with a lender once was they needed to identify the transactions to make sure the seller wasn't on the other side of the cash that can't be accounted for....

Also, i know someone that primality lost their life savings as they had it in cash , in a safe, and then there was a fire. I know fire proof safes, ratings etc. But important to consider.....

[theo]

Two BIG Reasons NOT to keep your cash in the bank

Of course, your friendly central banker will never tell you it wants to abolish cash so that you have no alternative but to keep all your money in a bank where your deposits can be bailed in at the click of a mouse. Instead, the motivations are loftier – specifically, to “fight crime” and “facilitate tax compliance.” For instance, former US Treasury Secretary Larry Summers wants a global ban on notes worth more than $50 or $100. He claims the linkage between high denomination notes and crime is totally convincing.

Nestmann.com

Ok. . I guess I'll play devils advocate. I agree that they want to eliminate cash for max control. But the idea of mass bail-ins, while possible, seems like a stretch. If the banks re-capitalize using common depositors' money, they will destroy their reason for being. When the banks closed en mass during the great depression, it took two generations to regain the public trust. In 2008, the banking system showed every indication of collapsing, but those in charge took extraordinary measures to keep things a float. If there is another crisis in say 2018, those in charge will re-capitalize failing banks with money created out of thin air if necessary. Why? Because they are students of history and they are very interested in self preservation.

Their actual plan is more mundane and more sinister (but unfortunately less cinematic). Steal the wealth of the middle class bit by bit through inflation, while adding on a layer of regulation each year until one day we wake up and find selves enslaved in a centralized economy. We won't have any freedom, but we will be able to text our friends and watch any movie or you tube video that we want with our (very trackable) smart implants.