John’s Notes: As the war on money intensifies, someone in Texas just bought $50,000,000 of silver, drying up an already dry market… and remember what the Bank of England announced?
Starting Monday, August 1, 2022, it will be a criminal offense in Israel to pay more than the equivalent of $1,700 in cash to a business or $4,360 in cash to an individual, as the government intensifies its ongoing war on tangible money.
Next, Israel’s finance ministry plans to deliver a proposal to parliament to criminalize the mere possession of cash exceeding a certain sum. One version of the proposal set the possession cap at the shekel equivalent of just $14,700.
A 2017 IMF paper outlined other tactics, including abolishing large-denomination bills, imposing reporting requirements on cash transactions over a certain threshold, requiring the declaration of cash when entering or leaving a country, or applying an additional tax when cash is used.
https://www.zerohedge.com/economics/israels-war-cash-about-get-more-drastic
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