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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (124636)11/18/2016 5:31:01 PM
From: Maurice Winn  Read Replies (2) of 217643
 
Where have I seen this picture before? I recall people in China using the same queueing technique.



saudigazette.com.sa
<<<NEW DELHI/MUMBAI — Indian banks will use indelible ink to ensure that people only change old notes for new ones once under Prime Minister Narendra Modi’s scheme to fight “black money,” resorting to a tactic used to prevent multiple voting in elections.

The step comes a week after Modi ordered the withdrawal of large denomination banknotes from circulation, in a shock “demonetization” drive to fight tax evasion, corruption and forgery.

The government only gave people a few hours notice before cancelling old 500 and 1,000 rupee banknotes that accounted for 86 percent of cash circulating in Asia’s third-largest economy
.>>>

We are much more civilized in the USA, NZ etc where we don't have vaults of gold in the bank, or lots of bank notes or other things worth getting hold of. There's nothing in banks but a bunch of 0s and 1s and those are stored on computers far from the banks. The pixelation process to add more 0s or allocate the existing ones is carried out by the political ponzi process proprietors.

We can all be robbed with the click of a mouse by central banks and governments and there's nowhere to queue.

Fortunately, we hire geniuses like Big Ben and our great and estimable, venerable and virtuous Uncle Al KBE. They know how to pixelate the 0s so we can all live happily ever after even while the USA debt increases $10 trillion per presidency albeit accelerating towards Zimbabwe status. Or not.

Hmm, maybe it's time to get my 0s and 1s out of the bank now and turn them into something more permanent that cannot be pixelated by pixilated political pirates. If only I could think of something compact, non-perishable, very valuable, fungible, universally acceptable, value robust against passage of time, easily hidden, can't be diluted, non toxic, non hazardous.

Mqurice
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