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Re: Spain Bans Cash 

By: Decomposed in ROUND | Recommend this post (1)
Mon, 23 Apr 12 4:04 PM | 111 view(s)
Boardmark this board | De's Test Board 		Msg. 40671 of 45651
(This msg. is a reply to 40670 by lkorrow)
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re: "Why? So they can track the transactions and make sure that people and business are paying taxes"

Exactly. But also, ultimately, so they can BLOCK transactions. Don't you dare become an enemy of the state or the state will flip a switch and shut off your money.

re: "they are now banning all large cash business transactions."

That's a joke. 2,500 euros is a far cry from being a large business transaction.

Civiliians and businesses should rebel against this by CEASING their "large business transactions." Believe me, politicians would quickly retract it.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Spain Bans Cash
By: lkorrow in ROUND
Mon, 23 Apr 12 9:14 AM 		Msg. 40670 of 45651

Spain Bans Cash

Friday, April 20, 2012

Spain Bans Cash Transactions Over 2,500 Euros ... Spain has outlawed the use of cash in business transactions in excess 2,500 euros in order to crack down on the black market and tax evaders. The motivations behind the push for digital currencies is exposed as Spain heads down the road of the Greeks in combating their sovereign debt crisis. As the government scrambles for every tax dollar it can get its hands on, even though they already gave every Spaniard $23,000 Euros in debt last year alone (approximately $32,500), they are now banning all large cash business transactions. Why? So they can track the transactions and make sure that people and business are paying taxes. Being able to track the transactions is also aimed to combat the growing black market in Spain. – Alexander Higgins' blog

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http://thedailybell.com/3814/Spain-Bans-Cash

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