The Phaserl


They Are Slowly Making Cash Illegal

by Michael Snyder, The Economic Collapse Blog:

The move to a cashless society won’t happen overnight. Instead, it is being implemented very slowly and systematically in a series of incremental steps. All over the planet, governments are starting to place restrictions on the use of cash for security reasons. As citizens, we are being told that this is being done to thwart criminals, terrorists, drug runners, money launderers and tax evaders. Other forms of payment are much easier for governments to track, and so they very much prefer them. But we are rapidly getting to the point where the use of cash is considered to be a “suspicious activity” all by itself. These days, if you pay a hotel bill with cash or if you pay for several hundred dollars worth of goods at a store with cash you are probably going to get looked at funny. You see, the truth is that we have already been trained to regard the use of large amounts of cash to be unusual. The next step will be to formally ban large cash transactions like France and other countries in Europe are already doing.

Starting in September, cash transactions of more than 1,000 euros will be banned in France.  The following comes from a recent Zero Hedge article which detailed what these new restrictions will do…

Prohibiting  French residents from making cash payments of more than 1,000 euros, down from the current limit of  3,000 euros.

Given the parlous state of the stagnating French economy the limit for foreign tourists on currency payments will remain higher, at 10,000 euros down from the current limit of 15,000 euros.

The threshold below which a French resident is  free to convert euros into other currencies without having to show an identity card will be slashed from the current level of 8,000 euros to 1,000 euros.

In addition any cash deposit or withdrawal of more than 10,000 euros during a single month will be reported to the French anti-fraud and money laundering agency Tracfin.

French authorities will also have to be notified of any freight transfers within the EU exceeding 10,000 euros, including checks, pre-paid cards, or gold.

Of course Spain has already banned cash transactions of more than 2,500 euros and Italy has already banned cash transactions of more than 1,000 euros.

We don’t have these kinds of outright bans in the United States just yet, but what we do have are some very strict reporting requirements.

For example, if you regularly deposit large amounts of cash, there is a very good chance that you have been the subject of a “suspicious activity report”.  In 2013, approximately 1.6 million suspicious activity reports were submitted to the federal government.

The following guidelines for when a suspicious activity report should be filed come from a government website


Banks, bank holding companies, and their subsidiaries are required by federal regulations53 to file a SAR with respect to:

  • Criminal violations involving insider abuse in any amount.
  • Criminal violations aggregating $5,000 or more when a suspect can be identified.
  • Criminal violations aggregating $25,000 or more regardless of a potential suspect.
  • Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more, if the bank or affiliate knows, suspects, or has reason to suspect that the transaction:
    • May involve potential money laundering or other illegal activity (e.g., terrorism financing).54
    • Is designed to evade the BSA or its implementing regulations.55
    • Has no business or apparent lawful purpose or is not the type of transaction that the particular customer would normally be expected to engage in, and the bank knows of no reasonable explanation for the transaction after examining the available facts, including the background and possible purpose of the transaction.


Most people don’t realize this, but there are minimum quotas for suspicious activity reports that banks must meet.  If they do not submit enough suspicious activity reports, they can be fined (or worse).

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17 comments to They Are Slowly Making Cash Illegal

  • Timothy Kostka

    I have been hearing this ‘cashless society’ or ‘digital currency’ claim for sometime now. The video of Aaron Russo comes to mind. However, if one accepts that the entire banking industry is being ‘propped up’ by illicit drug money and that banks like HSBC are essentially being kept afloat via money laundering, how is it that they can implement a ‘cashless society’ and the banks still maintain their money laundering operations. You cannot buy drugs with digital money. Now it might be in the cards that marijuana is going to be legalized with Monsanto being given free reign to sell its GMO marijuana to the masses, but legalizing heroin, the larger source of illicit drug money, is certainly not on the horizon. So that said, this claim of a ‘digital currency’ with micro-chips imbedded in the population seems at odds with the ‘powers that be’ desire to run a worldwide drug and money laundering operation.

    Your thoughts are appreciated.

    • MRH

      I agree with drug money laundering aspect. It would make it more difficult for the criminal banking cabal to go all digital. However, we must remember these criminals think more long term and implement programs in the background before they surface. That could be the case here. I am just not sure, but your point is valid and hard to dispute. They need the cash.

    • Rodster

      “how is it that they can implement a ‘cashless society’ and the banks still maintain their money laundering operations.”

      In the words of George Carlin: ‘It’s a BIG club and we ain’t in it’.

    • rl

      F..kin a.
      Google garberville ca. or emerald triangle humboldt.
      Look up and down trinity river too. N+S+E+W. Hills and mountainsides. Mile after mile.
      See the buildings. Especially the bigger ones> green houses.
      Guess which ‘retired’ 3 letter agencies family and friends owns and runs those.
      Millions upon Millions of CASH every year from there alone.
      Fienstien doesnt whore for peanuts and is why psycho spell caster Ca. is late to the game.
      I could post my usual mile long on down to whose loosing now and who wins in that drought game, but the druglord family that wins this next election is all about this last cash cow on the block. Hils getting splattered for this as much as anything right now. My contacts at madsanto wont even fathom the gmo smoke when I laid that on them too. Nervy sorts when I come around anyway since I let them know all to often they are complicet death merchants, in nice sort of way of course.
      Fuck em.
      You guys are good.

    • Rusticus

      “You cannot buy drugs with digital money.”

      Says who, exactly? Sure, you can’t swipe your MasterCard and pick up a gram on the corner, but we have no idea how narcotrafficing works at the highest levels. For all we know, they probably do use “digital money.”

      As for Aaron Russo’s “chipped society” prediction from Nick Rockefeller, (and the subsequent “Mark of the Beast” shit the nutty Christians take this to) it strikes me as an old meme, as does RFID in general. You’ve already been chipped. Hell, you probably BOUGHT the chip and willingly use it. It’s called a smartphone. If we’re ever “chipped” beyond that, it will be under the auspices of a) A new toy to distract ourselves with, b) “Advances” in medical technology, or c) Completely pervasive nanotech.

      ApplePay, Google Wallet, and “online banking” are the Cashless Society, and it’s becoming more and more integrated as our technology does. There’s no fighting this trend, unless one were to completely re-examine their existence and relationship with technology, a daunting task most simply don’t have the mental or economic faculties to pull off.

      • rl

        Exactly Rusticus.
        Digital everything is the wet dream we will welcome.
        Legalization just more theft control at one of the last troughes.
        Depop and mental midgets the gain as always for the sheep herders.

  • WillyT

    It’ the ultimate agenda, they want us to get away from using cash altogether, it’s much easier to track people when they leave a digital footprint. The mark of the beast, it is a slow transition in that direction. They will keep pushing until we’re all on their system. If you don’t behave they will just turn off your credit and you’re done. They will track everyone, They will know exactly where we go, what were doing and exactly where we are at any given time. They make it easier and easier to use their cards. The newer ones you don’t have to enter your pin number just tap your card and that completes a transaction. Once our society becomes cashless we are totally screwed. Then they have total control of all of us once this is completed. Very scary IMO.

  • Timothy Kostka

    I understand all of the arguments above, but they do not address my questions. It is well known that ‘cash’ is necessary to fund covert operations. It is ‘untraceable’ and thus ‘cash’ is also a benefit to the powers that be.

    See Link: Billions missing in Iraq:

    See Link: 2 Trillion Missing from Pentagon:

    The US Government uses pallets of ‘cash’ to fund covert operations. If everything were to go to ‘digital’ then the same mechanisms of ‘control’ and ‘tracking’ are arguably applicable to these covert money laundering operations and covert military black ops programs. The ‘mercenaries’ who do the bidding of the powers that be are presumably not going to want ‘traceable’ digital payments to their bank accounts to fund covert operations. Would they not prefer a pallet of untraceable cash? This whole ‘bankster’ system is built upon using untraceable printed cash to accomplish their goals. It seems to me they stand much to loose in a completely digital system.

    • Gnostic

      Illicit drug trade is used as much for control as it is for profit, TPTB would gladly give the drugs away for free if they can get away with a cashless system which would give them total control, A trade-off they would be happy to see occur.

  • john carpenter

    I value my financial privacy. We should be able to determine our own medium of exchange. These legal tender laws are total BS. I think we should buy local and withdraw our support of any corporation that doesn’t respect our privacy and rights. Buy physical and do it anonymously. Educate your friends and family quickly because this is headed in a dangerous direction. These people can’t be trusted any longer. Think about our future generations and do what you can.

  • Troy

    In the future money will be banana’s due to the fact that the planet will be controlled by Damn Dirty Apes.

  • Hooded Heretic

    Do you really thing that cash is the only way to transact on a large scale? Bearer bonds, Diamonds, Gold, Silver. Hell if your a “Made Man”, cash is irrelevant cause you’ll have people around you “Spotting” your ever needs.
    A good example of this are people who walk the red carpet for awards show. Did you really think that they paid for what their wearing? They’re walking ads for someone else. All to get YOU to put money into the clothing line.

  • Ed_B

    “As citizens, we are being told that this is being done to thwart criminals, terrorists, drug runners, money launderers and tax evaders.”

    Which is pretty f***ing hilarious when one considers that it is the US Gov that is doing most of this s**t or bribing others to do it for them. Human nature doesn’t change much. Those who accuse us of doing bad things typically do so because it is what they would do or are doing. They expect the worst of others because there is darkness within them and they cannot see the light of others. But here’s the real problem. Liberty cannot survive in a police state and using crime as an excuse to destroy liberty is dastardly beyond all measure. Those who would do this deserve to live elsewhere. Kick them all out of here, says I.

  • glitter 1

    There will always be a Black Market established outside the “Official Economy”.My wife and I were watching a movie not to long ago and the gist of it was a story about a hired professional hitman.He got paid in Gold Bullion Coins.That was his/their mode of payment,Gold Coins.Think about that for a moment.

    Yes,TPTB are/have been incrementally introducing a cashless system,moving us more and more away from cash.It started with credit cards,then debit cards,now it’s smart phones.There is basically no need for cash as it stands today.People will have absolutely no qualms about giving up their anonymity,which comes with cash.Sheep being led to slaughter,never once seeing it coming,not giving two flips about it either.

    Yes,Aaron Russo’s candid discussions with Jay Rockefeller revealed it all.It’s all about control,get it!It’s all about control,control of you and me.My god,JR openly admits TPTB plan on the ultimate control of chipping every individual.How much more evidence do people need on where their plans are headed.

    The whole Global Financial System is going to go down as they plan for it to do so.If you don’t understand that or can’t concieve of the implications of the upheaval created as a result,you have greater issues than worrying about a cashless system.

    “We need to implement a cashless system by 2016” – David Rockefeller 2014

    There you have two Rockefellers providing their intent on what they have planned.Who knows what will emerge from the chaos of a World Wide Financial Collapse.Some sort of Digital Cashless System is what I bet.A Debit card to start with then towards an implant/biometric tattoo.If you can not envision this you are in denial and or you have more homework to do.

  • hal

    All I know is that there is no way a digital system will ever LAST. It may get much farther off the ground that it already is, but a complete reliance on technology for all these systems of finance, records, accounts, etc is not sustainable. The more dependance on any given technology, the bigger disaster you are set up for…maybe it will take something big going down for people to realize this, but eventually we will.

    Technology is all well and good for luxury and enjoyment purposes, but it will never trump the importance of maintaining a life with the basic necessities and comforts within reach if that technology is interrupted or fails…Dont get toooo far away from nature or it might be a hard fall back down. This applies to individuals and mass groups the same.

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