The French Finance Minister Michel Sapin, has announced a drastic tightening of the use of cash in France. As the newspaper Le Parisien reported, citizens will be strictly monitored beginning September 2015 if they make payments in cash. Restrictions will include:
A limit on cash payments will be reduced from 3,000 euros to 1,000 euros.
Tourists can only pay up to 10,000 euros in cash, so far there were 15,000 euros.
If a Frenchman wants to change money into another currency, it must still do to 1,000 euros without identification only. So far,
French could buy foreign currencies for 8,000 euros.
If a bank customer stands out more than 10,000 euros a month from his account, the bank must report the transaction to the
Money Laundering Authority TRACFIN.
Banks must inform the authorities of all cargo transfers within the EU that exceeds 10,000 euros. This regulation impacts
checks, pre-paid cards, and even gold.
The control of crypto-currencies like Bitcoin are set to be tightened drastically.
My question for you: how will your country, if they did the same as France (even the United States), react? How will it affect your money? What will happen with your purchasing power?
Central banks around the world have teamed up to fleece the public for centuries. Last week, the Swiss National Bank broke rank by not only lying to the public – but by lying to their Central Banking cohorts.
Marc Faber – People will wake up finally that if they could short Central Banks that would be The Trade Of The Century by Buying Gold. Central Banks Will Be Exposed for What Fraud they Commit. The Banks Have Produced the Biggest Financial Crisis since the Depression…
__For those familiar with the work of Marc Faber, it shouldn’t be surprising that his best trade idea is on the short side. But what is it interesting is precisely what Faber is looking at to short side.
Marc Faber: “My view is that when confidence in central banks finally collapses, then gold has a 30 percent upside potential, easily, this year,” he said.
Gold has actually had a nice run already in 2015, rising more than $100 per troy ounce, and enjoying the best seven-day streak since 2007. Of course, gold is still down sharply from the $1,923 level that hit back in 2011.
To generate more leverage to the upside, Faber also recommends owning shares of the junior gold miners. In fact, he calls them “the only stocks that I think have a great upside potential from here.”
It’s time to take action, if you are not a qualified investor, take your physical gold in your hands, start at one gram at the time. Call us and open your gold account and protect your money against the inflation. Click HERE for more information.
You can build a business and real wealth by taking advantage of the global currencies devaluation.