Capital controls in a bad economy or to slowly remove cash from circulation? Article implies it is to move toward cashless society.
http://www.forbes.com/sites/jonmaton...ts-over-e1000/
France moves to further limit cash transactions
Capital controls in a bad economy or to slowly remove cash from circulation? Article implies it is to move toward cashless society.
http://www.forbes.com/sites/jonmaton...ts-over-e1000/
Last edited by devil21; 02-15-2013 at 03:17 PM.
"Let it not be said that we did nothing." - Ron Paul
"Always give your best, never get discouraged, never be petty; always remember, others may hate you, but those who hate you don't win unless you hate them, and then you destroy yourself. " - Nixon
Why most RPF members are against the US involvement with Israel explained by Mini-Me:
http://www.ronpaulforums.com/showthread.php?t=218093
No anti-semitism, just logic.
Visiting the Outer Banks of NC?
Outer Banks Fishing Boat Rentals
Spain already has those limits.
No, in France these controls are entirely about taxes (EVASION).
Cash deals make tax tracking hard.
"Like an army falling, one by one by one" - Linkin Park
Yeah, that's what's it's all about.Originally Posted by Seraphim
FRANCE to Cap Cash Transactions at €1,000
http://www.testosteronepit.com/home/...to-france.htmlDraconian Cash Controls Are Coming To France Tuesday, February 12, 2013 at 7:07PM
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So Ayrault trotted out his national plan, a 20-page document that outlined his all-out effort to go after any kind of behavior that could possibly deprive the government of those sorely needed euros. A seamless fit for France’s principle: squeeze hapless “fiscal residents” like lemons to get their last drop of juice—fiscal residents, because citizens or foreigners who live in France only part of the year and pay taxes in some other country escape income taxes in France.
Stuffed into that 20-page national plan is a draconian tool:
prohibiting
cash payments of over €1,000 per purchase.
The current threshold is €3,000.
It’s urgent. He wants to get the process started soon so that “a decree and legislative measures” can be finished by the end of 2013.
Two crisp 500-euro bills and a single coin: voilà, an illegal transaction.
OK, most cash transactions fall below that limit. But used cars, for example, might not. Between individuals, a cash transaction protects the seller. Otherwise, a trustworthy girl buys your car, signs the documents, hands you a check or initiates an electronic payment, and drives off. By the time you realize that the check bounced or that the electronic transfer didn’t go through, the car is on its way to Russia.
You want title to my rig? Stack the Benjamins.
Last edited by presence; 02-16-2013 at 05:58 AM.
It does not require a majority to prevail,
but rather an irate, tireless minority keen
to set brush fires in peoples minds
Revolution is Action upon Revelation
Got crypto? 64% Bitcoin gain in the past 48 hours since 4/17/13. 26% in the last 6 hours alone.
I thought they did this last year?
All I have to say about this is this:
Last edited by hazek; 02-16-2013 at 12:10 PM.
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right, tend to be unwilling or unable to accept blame )
No that was Italy: http://www.businessweek.com/magazine...-12082011.html
Got ya, thanks , hard to keep up with all this crap.
Unemployment should be 30 % by the end of March in Spain, nobody has any money
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