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Russia Restricts Cash Movements

Discussion in 'Preparedness & Survival' started by erudne, Mar 29, 2013.

  1. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Russia Is Next In Line To Restrict Cash Transactions

    Submitted by Tyler Durden on 03/28/2013 - 21:42 The Russians are taking a page from the Europeans book (and not a positive one for libertarians). Given the substantial criminal activity and illegal entrepreneurship in Russia - the grey and black economies account for 50–65 percent of GDP and estimates that about $50 billion was taken out of Russia illegally in 2012 alone - the great and glorious leaders have decided to impose restrictions on cash transactions. As Russia Beyond The Headlines reports, Russia may ban cash payments for purchases of more than 300,000 rubles (around $10,000) starting in 2015 - starting with a higher ($19,500) restriction in 2014. They will also enforce mandatory cash-free salary payments (cash compensation accounts for 15% of GDP currently) in an effort to both bring some of the population's 'grey' income out of the shadow; and increase the volume of cash reserves in the banks. It would appear that wherever we look now, leadership are realizing that the limits of fiscal and monetary policy have been reached and now changing rules, limiting freedom, and outright confiscation are the only way to maintain a status quo. Ironic really, when the enforcement of said rules may just be the catalyst for the end of the status quo as the middle class suffers.


    Zero Hedge | On a long enough timeline the survival rate for everyone drops to zero
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  2. knuckle Head

    knuckle Head southeast Well-Known Member

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    Yeah restrict cash transaction so that there will be an electronic record so the gooberment b@ast@rds will have a record of everything and who has what
     
  3. Jacurso

    Jacurso Douglas Co. Active Member

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    Cash is King!
    Put your money anywhere but the bank!
     
  4. JackThompson

    JackThompson Valley of the Demons Well-Known Member

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    Madness. Of course, I don't have any transactions that high, so I guess I'll be ok for now.
     
  5. Profiteering

    Profiteering America New Member

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    Brass, gold, cooper, silver, powder, and lead is ideal!
    Water is free for now.
     
    Last edited: Mar 30, 2013
  6. Jacurso

    Jacurso Douglas Co. Active Member

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    I'm kinda partial to 4140 stainless too...in addition to the above.
     
  7. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    Keep in mind that ALL THIS has happened in the 3 months since Obobo's re-election, and at the very LEAST we have 3 + years to go
     
  8. JackThompson

    JackThompson Valley of the Demons Well-Known Member

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    Oh believe me, I'm FAR from thrilled about all of this.

    If I wasn't paying criminal sums in taxes I actually MIGHT have $10,000 to my name to play with...

    The fact that we're STILL being held accountable for the criminally negligent business practices of these banks, and being forced to pay off their gambles... and in return for our paying this bill we don't get ANYTHING in return, and there is NO oversight or recourse or regulation on what they do, and they are allowed to CONTINUE the same horrible practices that have ruined our global economy is nothing short of criminal and treason on all parts.

    People should be in prison for this.. not getting bailed out.

    Instead they are adding bank robbery to their resume...
     
    rocky3 and (deleted member) like this.
  9. cookie

    cookie THE SOCIALIST STATE OF KALI - FORNIA Well-Known Member

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    The New World Order. The majority are still asleep.
     
    rocky3 and (deleted member) like this.
  10. Stomper

    Stomper Oceania Rising White Is The New Brown Silver Supporter

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    The solution for today is to spend it wisely as fast as you make it. ;)
     
  11. Sstrand

    Sstrand La Grande OR Well-Known Member

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    Coming attractions at a bank near you . . .

    Sheldon
     
  12. wakejoe

    wakejoe Beaverton, OR Well-Known Member

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    4140 is not stainless.
     
  13. erudne

    erudne The Pie Matrix PPL Say Sleeping W/Your Rifle Is A bad Thing? Bronze Supporter

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    What was the band playing on the Titanic as she went down? "BOHICA"?
    At this point I'd consider buying a small cruise ship and anchor it somewhere safe, which would be,,,,,,
     
  14. Jacurso

    Jacurso Douglas Co. Active Member

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    Fiji..........
     
  15. Jacurso

    Jacurso Douglas Co. Active Member

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    Correct...don't know why I said that...too tired I guess.