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PERRIN LOVETT

~ Fiction, Freedom, and The West

PERRIN LOVETT

Tag Archives: cash

When Money is Tight

12 Wednesday Feb 2020

Posted by perrinlovett in News and Notes

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cash, economics, good times, money, recession

It’s their fault, the millions of Amerikans who chose to be something other than central or commercial banksters. Now, 1/3rd of them complain about the choices they made.

About 31% of respondents earning over $100,000 also regularly experience a budget shortfall before payday.

Kids, go to banking school. It’s as simple as that. Those at the head of the through get more of the slop. The rest, $100Kers included, get priced out for their hard work. The article mentions educational expenses, so let’s compare those to a $100k income. The web says that the average in-state college tuition today is about $10,200. A generation ago, it was one-quarter of that price. Now, $100K today is about the same as $56,000 back then. A doubling versus a quadrupling. Again, it’s not that hard – be a bankster. That, or continue to buy used food and toilet paper. The Republicrats will be all over this issue by October.

Repo the Domino

08 Tuesday Oct 2019

Posted by perrinlovett in News and Notes

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cash, debt, economics, Federal Reserve, sorcery

These things are coming almost too fast to keep up with. My TPC column, which will be published after I schedule this post, though not necessarily before the post hits, is called “Repo-ing the Economy.” It’s more about the fun and games of the Fed’s dark sorcery. Now, this.

Some investors are concerned that recent turmoil in a key short-term cash market where banks borrow to fund operations could exacerbate difficulties trading bonds.

Spikes in the cost of overnight loans using repurchase agreements, or repos, could hit bond trading in two ways, investors and analysts said. Rising repo rates make it more expensive for securities dealers to borrow money and to hold government bonds—actions they take frequently to facilitate client trades and manage their risks.

In the repo market, where banks and money-market mutual funds typically lend cash for periods as short as one night in exchange for safe collateral such as Treasurys, rates surged as high as 10% last month from about 2.25% amid an unexpected shortage of available cash in the financial system.

Couple this with what’s going on with China’s cash crash and you get the feeling that a global financial meltdown is upon us – now, not in the future. Bank run, anyone?

The Wisdom of the “Family” Houses

24 Tuesday Sep 2019

Posted by perrinlovett in Legal/Political Columns, News and Notes

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"family" houses, cash, economics

The Ken Fishers say all is well, better than well, while the “Family” Houses – like the cosa nostra, but richer – hoard the cash.

Rick Stone, a former partner at Cadwalader, Wickersham & Taft, sees treacherous times ahead for family offices trying to deploy cash.

The head of Stone Family Office said he doubts the bond market will provide any real return over the next decade, that equity markets will suffer a substantial drop and then be flat, and that too much venture capital and private equity money will continue to chase too few opportunities.

“It’s a very hard time for family offices to allocate money,” said Stone, 60, whose initial wealth came from class-action litigation fees.

Stone has a good vantage point on the action, since he runs the bi-monthly meetings of the Palm Beach Investment Research Group, a network of 35 family offices in Palm Beach, Florida. “The areas to invest in are fewer, and there is a lot of money looking for those spaces,” he said.

That view of the markets is shared by many of the 360 global single- and multi-family offices surveyed for the 2019 UBS Global Family Office Report, which was done in conjunction with Campden Research and released Monday. A majority expect the global economy to enter a recession by 2020, with the highest percentage of gloomy respondents in emerging markets. About 42% of family offices around the world are raising cash reserves.

Can you afford to raise your reserves? Ken Fisher would say “yes,” but call you foolish for doing so. They also project.

The Enemy is Far More Consistent

05 Tuesday Mar 2019

Posted by perrinlovett in News and Notes

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Atlanta, cash, decline, GOP

The effort to eliminate cash marches on, into America’s biggest and bestest house of bread and circuses.

Arthur Blank hopes to revolutionize the stadium experience yet again. AMB Group, which owns Mercedes-Benz Stadium in Atlanta, announced Monday it will become the first pro sports stadium to implement a completely cashless model.

This will apply to all sporting events and nearly every concert, effective Sunday, March 10.

Mercedes-Benz Stadium is home to the NFL’s Atlanta Falcons and Major League Soccer’s Atlanta United and was the home for Super Bowl LIII last month.

Whether fans are buying a $1.50 hot dog, purchasing merchandise or even a game ticket — cash will no longer be accepted. The goal is to dramatically speed up transactions to keep fans from spending unnecessary time waiting in lines.

Making the trade of freedom for ever-valued convenience. And, all in a stadium built for a team mathematically incapable of winning. The Falcons are the GOP of sports.

Speaking of the professional losers: the GOP just can’t find enough issues to cave on.

Last month, in a turnabout, the Illinois Republican signed onto a letter with the top Republican of the House Energy and Commerce Committee that said “prudent steps should be taken to address current and future climate risks.”

“It’s just not worth the fight anymore,” Shimkus said in an interview when asked about his changing stance on climate change. “Let’s just see what we can do to address it and not hurt the economy.”

Shimkus is among a number of Republicans who — after years of sowing doubt about climate change or ignoring it altogether — are scrambling to confront the science they once rejected. They are holding hearings on the issue, beginning with one Tuesday. And they have pledged to invest in technologies to mitigate its impact and are openly talking about the need for taking action.

The shift in posture follows the public’s growing anxiety after catastrophic hurricanes, flooding and wildfires linked to global warming. Fully 74 percent of registered voters think global warming is happening and 67 percent said they are worried it, according to polling conducted by Yale Program on Climate Change Communication. Among conservative Republicans, just 42 percent think global warming is happening but that is up five percentage points since a poll taken in 2017.

Stupid is as stupid votes. And polls.

Cashing Out With the Devil (Worship) Rays

27 Sunday Jan 2019

Posted by perrinlovett in News and Notes

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baseball, cash, economics, MLB, society, Tampa

One step closer to that utopian cashless society, down in St. Petersburg.

Fans at Tropicana Field in Florida can expect shorter lines at the concessions stands this year as the Tampa Bay Rays announced that their stadium is going cash free.

Rays vice president of strategy and development William Walsh said on Friday that the move is an attempt cut the average transaction time in half during games, ESPN reported

“We have made significant investments each year to improve the ballpark experience for fans,” he said in a statement. “This change will increase speed of service and reduce lines throughout the ballpark.”

The stadium will accept major credit cards, apple pay, season-ticket holders’ Rays Cards and, for those wanting to use cash, they can do so by purchasing Rays gift cards to use at concessions, Fox 13 reported.

Surrendering more freedom to Big Bankster and getting that over-priced beer-flavored water at a slightly faster pace – what a deal! I suspect the local fans will be all over it.

This particular demise isn’t a concern if, like me, you still haven’t let MLB off the hook for the Strike of ’94.

The Screws Tighten: Cashing Us Out

14 Tuesday Feb 2017

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ 3 Comments

Tags

banksters, cash, evil, government, money

All is well on Wall Street. Goldman Sachs Steven Mnuchin has been confirmed as Treasury Secretary. Janet Yellen is up to something. It’s all good for them. And that’s what really matters. The government and its banking owners get complete discretion to do whatever they please. And they are utterly unaccountable to anyone (impossibly improbable war of righteous vengeance aside).

For you, it’s a different story. You must be controlled in everything you do and at all times. And the controls are coming for your cash money, for the money itself, for you.

The time will come when you won’t be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds.

“Governments are always looking out for themselves first, and it’s the same old thing that has been going on for hundreds of years

…

“When it’s done, the governments are going to be very, very happy they are going to say they’re doing it for our own good, this is not them, this is for our good. That they’re doing this, but it’s coming, and it’s going to be a whole different world in which we live. Probably we are not going to have as many freedoms as we have now even though we are already losing our freedoms at a significant pace,” Rodgers told the radio.

It’s not really your money. All money belongs to the Big Club. They just let you borrow it, in very small amounts, for a time. But the anonymity of cash bothers them. They want you on a digital leash. And that’s exactly what’s coming. Leashed like animals “for your own good”.

digital-currency-wealth-confiscation-made-easy-622x415

Sovereign Investor.

The saddest part is that most people won’t just accept this, they’ll probably demand it.

Me? I’m thinking it may almost be time to water Jefferson’s tree.

Cashing Out: The Banksters Wage War On You

17 Thursday Nov 2016

Posted by perrinlovett in Legal/Political Columns, News and Notes

≈ 2 Comments

Tags

banksters, cash, economy, freedom, government, money, power, privacy, theft

Power. Unlimited power!

Such was the battle cry of Darth Sidious in one of those Star Wars movies, one of the new ones that didn’t stink too bad. It’s the real cry of Darth Citious, a.k.a. Citibank. Theirs is a quest for unlimited power through total control of the economy, your finances included.

Cash money is one of the very last safety measures for privacy in a world gone mad. Citi wants to eliminate cash.

Less than a week after India’s surprise move to scrap its highest denomination cash notes, another front in the War on Cash has intensified down under in Australia.

Yesterday, banking giant UBS proposed that eliminating Australia’s $100 and $50 bills would be “good for the economy and good for the banks.”

(How convenient that a bank would propose something that’s good for banks!)

This isn’t the first time that the financial establishment has pushed for a cashless society in Australia (or anywhere else).

In September 2015, Australian bank Westpac published its “Cash Free Report”, suggesting that the country would become cashless by 2022.

In July 2016, Australian payments firm Tyro published an enormously self-serving blog post touting the benefits of a cashless society and saying, “it’s only a matter of time.”

Most notably, two days ago, Citibank (yes, THAT Citibank) announced that it was going cashless at some of its Australian branches.

…

Bank deposits would rise as a result, and consequently, so would bank profits.

Governments would benefit from a cashless society because all savings would be in the banking system, and they have full regulatory control over the banks.

This means that your politicians would have more control over your savings and fewer obstacles to impose capital controls or engage in Civil Asset Forfeiture.

Even policy wonk academics would have a rare opportunity to take their lousy theories and PhD dissertations for a test drive.

Everyone benefits from a cashless society… except for you.

For individuals, cash still has plenty of important advantages.

Cash is one of the few remaining options for financial privacy that doesn’t create a permanent record of every purchase or transaction you make.

It’s also an easy way to reduce your exposure to risks in the broader financial system.

Think about it– the banking system is full of institutions that never miss an opportunity to demonstrate they cannot be trusted with our money.

Hardly a month goes by without some major banking scandal; they’re caught colluding on exchange rates, manipulating interest rates, fraudulently establishing fake accounts without customer consent (and then charging us fees on top of that).

It’s disgraceful.

That it is. Good for the banks, good for the government, bad for you. Decrease your security and privacy so banks can make higher profits and government can do what they do worst.

fbf146d521509678306fd828b82b6f8458c28c5f92c013b11c4705762635be24

Quickmeme / Lucas / Fox.

Bankster pirates and government highwaymen in the U.S. and in Europe are itching to get rid of cash. I’m sure Citi’s Australian experiment is a trial run for global implementation.

What to do about it? For now, if your bank goes cashless, close your accounts there. Tell them why in no uncertain terms. If you hit them where it hurts, they’ll stop. That or other, more honest banks will fill the void. And vote out any political rat who backs cashless totalitarianism or who supports the banking cartel. For every rodent, a trap.

This issue doesn’t get the coverage it should. Digital money in a bank’s computer is just that. Whatever it is, it is theirs. They’ll have total control over everything you “own” and they’ll be more than willing to share it with the state. The state will be more than willing to take it. This is to be the biggest reverse bank robbery in history. Treat it as such.

Perrin Lovett

perrinlovett@gmail.com

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