Raise your hand if you understand the impact of no more 500 Euro bills - Page 2 - GoFuckYourself.com

JFK · 05-05-2016, 09:59 AM

Fitty clampdowns

klinton · 05-05-2016, 10:02 AM

yes, mostly your "hole"

Quote:

Originally Posted by Sednub997

the main plan is the the hole Eu zone gonna be poor so wont use 500E bill

JFK · 05-05-2016, 10:04 AM

Quote:

Originally Posted by klinton

well, we all know that governments want to control everything... cash = not possible to control.

yet I cant understand what difference does it make for villain or criminals if they store their money in 500 euro bills or 200 euro bills ?
its total bullshit. you would have to have bilions of it to make difference of it.

so the reason for that is different probably. that note wasnt used by virtually noone, as it would be strange to get your salary in few 500 euro bills...

Its about storage space

mineistaken · 05-05-2016, 10:09 AM

Quote:

Originally Posted by klinton

if everybody would be paying in 200 euros, they would have no change to give.

The things is that only very few would pay in 200, so there would be PLENTY of 100 and 50 bills to give change. It would come out even better for station in those terms.

The Porn Nerd · 05-05-2016, 10:41 AM

The powers that be will do ANYTHING to keep their bubble economies going long enough til they die. LOL

Negative interest rates + the elimination of cash = total control over the economy (and population).

Get ready, it's coming.

noshit · 05-05-2016, 11:39 AM

Cashless translated means turning your chip off if you don't bow down and conform.

Unless you're self sufficient, You can't buy shit. You can't eat.

.

nico-t · 05-05-2016, 12:20 PM

Quote:

Originally Posted by klinton

yeah, if you buy fuel for 6 euros no wonder that no gas station will accept 200 euro bill

its mostly because they dont have enough change. if everybody would be paying in 200 euros, they would have no change to give.

whether the total is ?50 or ?195, they won't accept a 200 bill.

So obviously its not about change. What mineistaken said.

klinton · 05-05-2016, 02:21 PM

it's just too big ! I wouldnt accept it either.

whatever you do, small notes 10,20,50 are the best

Quote:

Originally Posted by nico-t

whether the total is ?50 or ?195, they won't accept a 200 bill.

So obviously its not about change. What mineistaken said.

klinton · 05-05-2016, 02:26 PM

its bullshit ! what difference would it make for you if your cash will occupy box of cigars, box of chocolate or box of shoes ?
unless you are billionaire it doesnt matter at all...if it will occupy something big like bathtub or garage, you may always spread it around..into small boxes...you may buy diamonds, gold, bitcoin, whatever....
god damn really, some people have "important" problems in this life.......

Quote:

Originally Posted by JFK

Its about storage space

Vendot · 05-05-2016, 04:04 PM

Quote:

Originally Posted by noshit

turning your chip off if you don't bow down and conform.

i.e. worship the beast.

crockett · 05-05-2016, 04:58 PM

12clicks why are you complaining about this? You should be thrilled that you no longer have to make excuses to the bums hanging out on the corner as to why you can't spare some change...

Vendot · 05-05-2016, 10:52 PM

Quote:

Originally Posted by 12clicks

Won't be long until they start outlawing gold (again)

The propaganda comes first

'El Chapo' Guzmán's Sinaloa cartel was melting down its profits to sneak them out of the US - Yahoo Finance

12clicks · 05-06-2016, 04:52 AM

Quote:

Originally Posted by The Porn Nerd

The powers that be will do ANYTHING to keep their bubble economies going long enough til they die. LOL

Negative interest rates + the elimination of cash = total control over the economy (and population).

Get ready, it's coming.

I had to scroll all the way down to this before I found someone who understood the significance.

sad state of the intelligence level of GFY.

12clicks · 05-06-2016, 04:55 AM

Quote:

Originally Posted by astronaut x

This is what I was thinking. This thread is hilarious.

I wouldn't expect a failure to understand the concepts behind the post.

_Richard_ · 05-06-2016, 05:02 AM

Quote:

Originally Posted by 12clicks

I had to scroll all the way down to this before I found someone who understood the significance.

sad state of the intelligence level of GFY.

i don't think it's that.. one can only listen to 'its a conspiracy' so much before they accept that no one really wants to talk about any of this

every so often someone will think they have discovered something special, and then attempt to educate and inevitably lambaste people for perceived 'stupidity'.. when in reality they're just new to the party

12clicks · 05-06-2016, 05:07 AM

Quote:

Originally Posted by _Richard_

i don't think it's that.. one can only listen to 'its a conspiracy' so much before they accept that no one really wants to talk about any of this

every so often someone will think they have discovered something special, and then attempt to educate and inevitably lambaste people for perceived 'stupidity'.. when in reality they're just new to the party

no, its what I said. And there's no conspiracy. Its simply being done with the bottom not understanding the reasons or consequences because, "I've never even seen one"

mineistaken · 05-06-2016, 07:36 AM

Quote:

Originally Posted by 12clicks

no, its what I said. And there's no conspiracy. Its simply being done with the bottom not understanding the reasons or consequences because, "I've never even seen one"

You theory might be correct, but it is not smart to pretend it is 100% correct. As if there is not even 0.000001% chance that they decided it for simple reasons such as - it is not being used by virtually no one, shops do not take them etc. So printing unusable bills (and only cater to hoarders who prefer their 1.000.000 euro in 2kg and not 5kg) may not be the viable business or common sense decision. Are you sure there is not even 0.000001% chance that it is for those reasons? Chance of conspiracy must be 100.00% and not even 99.9999%?

_Richard_ · 05-06-2016, 08:32 AM

Quote:

Originally Posted by 12clicks

no, its what I said. And there's no conspiracy. Its simply being done with the bottom not understanding the reasons or consequences because, "I've never even seen one"

well.. ahh... you are saying there is a plan by a group of people to do something unlawful or harmful. i am pretty sure that is the definition of 'conspiracy', regardless if it's true or not.

Furthermore, you're saying so means you're theorizing the existence based on evidence you see/have/feel.

and now you will realize there has been years already spent making sure people who are theorizing conspiracies have already been framed as less than intelligent ( not to say you are, i mostly agree with you about this subject.

OY · 05-06-2016, 08:50 AM

Quote:

Originally Posted by 12clicks

This is the next step in government control. Keep shrinking the denominations of money so that no one can have too much of it without the government knowing it. Won't be long until they start outlawing gold (again)

I understand!!! (raises hands, and tell him that he still loves you...)

12clicks · 05-06-2016, 09:32 AM

Quote:

Originally Posted by _Richard_

well.. ahh... you are saying there is a plan by a group of people to do something unlawful or harmful.

no I'm not so I didn't read any further

12clicks · 05-06-2016, 09:41 AM

further reading.
Page Not Found | Zero Hedge

The Plot to Kill the $100 Bill - WSJ
https://www.washingtonpost.com/news/...-the-100-bill/

Vendot · 05-06-2016, 10:59 AM

Quote:

Originally Posted by 12clicks

I had to scroll all the way down to this before I found someone who understood the significance.

sad state of the intelligence level of GFY.

Sad state? When were they *ever* bright?

But you're totally right the "Porn Nerd" hit the nail on the head and the 99% sheeple, as always, have no clue what's on the horizon.

Evil Chris · 05-06-2016, 11:28 AM

I forgot how many people on GFY wear tinfoil hats. LMAO

NatalieK · 05-06-2016, 11:29 AM

atm, the finance ministers are only asking for an investigation into the ban of the note due to the possible corruption & laundering using the notes.

If the governments wanted to take control, they would ban cash & notes immediately, there'd be nothing anyone could do about it, if it was a world wide determination. US have had large notes recalled for years, there's no major issue, especially as most have said, 5 100 notes in your pocket is no big deal & at no point do you need to carry this amount around with you or you're looking to be robbed

https://www.theguardian.com/business...uro-note-crime

MaDalton · 05-06-2016, 11:35 AM

the highest USD bill is $100 - that's 87.50 €

there is zero use for a 500 € bill

i don't give a fuck - about the bill or being called sheeple

Barry-xlovecam · 05-06-2016, 11:45 AM

Negative interest rates are the biggest scam this year

FRB: Interest on Required Balances and Excess Balances

The ECB rules are similar.

I put a lot more credence with the former chairman of the Federal Reserve Bank than bozos at GFY pointing to the sky is falling claims at zerohedge

Quote:

What tools does the Fed have left? Part 1: Negative interest rates | Brookings Institution

Ben S. Bernanke | March 18, 2016 11:00am
What tools does the Fed have left? Part 1: Negative interest rates

[C]onclusion on negative interest rates

The anxiety about negative interest rates seen recently in the media and in markets seems to me to be overdone. Logically, when short-term rates have been cut to zero, modestly negative rates seem a natural continuation; there is no clear discontinuity in the economic and financial effects of, say, a 0.1 percent interest rate and a -0.1 percent rate. Moreover, a negative interest rate on bank reserves does not imply that the most economically relevant rates, like mortgage rates or corporate borrowing rates, would be negative; in the US, they almost certainly would not be. Negative rates have some costs, in their effects on money market funds for example, but these ought to be manageable. On the other hand, the potential benefits of negative rates are limited, because rates that are too negative would trigger hoarding of currency. Although the European experience suggests that rates can be more negative than the Fed staff estimated in 2010, I don’t think U.S. rates could approach the extreme values seen in Switzerland or Sweden without becoming counterproductive.

Overall, as a tool of monetary policy, negative interest rates appear to have both modest benefits and manageable costs; and I assess the probability that this tool will be used in the U.S. as quite low for the foreseeable future. Nevertheless, it would probably be worthwhile for the Fed to conduct further analysis of this option. We can imagine a hypothetical future situation in which the Fed has cut the fed funds rate to zero and used forward guidance to try to talk down longer-term interest rates. Suppose some additional accommodation is desired, but not enough to justify a new round of quantitative easing, with all its difficulties of calibration and communication. In that scenario, a policy of modestly negative interest rates might be a reasonable compromise between no action and rolling out the big QE Gun.

Yes, currency would be more voluminous to hoard without larger denomination banknotes. Hard asset commodities or precious metals or gems might be a better way.

Of course the banks may try to take advantage of the negative rates their reserves are charged by passing along higher fees for small depositors. see: Negative interest rate bank account impact - Business Insider

Jel · 05-06-2016, 12:43 PM

stopping the €500 note because of:

money laundering;
no real use;
it has germs and is the 'lergy

is about as true as 2257 being to 'protect the children', and the old bill being able to do what they want dressed in riot gear because of 'terrorism', and tubes starting out with thousands upon thousands of 'user uploads', and 'rogue programmers' being at fault for 1,250 naughty things that were genuine mistakes, and chris mallick being a victim of funds in motion.

The Porn Nerd · 05-06-2016, 01:21 PM

Another problem with paper money - from the banks perspective - is there's so much of it floating around that many banks won't agree to take it! That's right, banks are outright refusing to store huge quantities of cash, or in some cases charging for it. So there's another reason.

But the #1 "problem" with conspiracies in general is not that they are happening (of course they are) it's that the average person (you and I) can do absolutely nothing about it. It's like watching a Pro Wrestling WWE match and thinking you can influence the outcome in any way.

Paul · 05-07-2016, 01:15 AM

Read up on the new 2016 EU bank Bail Ins that have been implemented for the next round of financial problems.

Quote:

If you have a bank account anywhere in Europe, you need to read this article. On January 1st, 2016, a new bail-in system will go into effect for all European banks. This new system is based on the Cyprus bank bail-ins that we witnessed a few years ago. If you will remember, money was grabbed from anyone that had more than 100,000 euros in their bank accounts in order to bail out the banks. Now the exact same principles that were used in Cyprus are going to apply to all of Europe. And with the entire global financial system teetering on the brink of chaos, that is not good news for those that have large amounts of money stashed in shaky European banks.

Source

Quote:

The European Union entered a brave new world of bank ?bail-ins? at the start of 2016. Europe has wasted so much taxpayers? money on bailing out bust banks in recent years that it is right to try to get investors to help foot the bills in future. However, the tough new regime carries big political risks.

The key new rule is that no bank can be bailed out with public money until creditors accounting for at least 8 percent of the lender?s liabilities have stumped up. So-called bail-ins typically mean wiping out creditors? investments, slashing their value or converting them into shares in the bank. Uninsured depositors could get caught along with professional investors.

Source

The last place you want to have money is in a bank

Google Expert · 05-07-2016, 01:23 AM

I'll post it here again, in case someone missed it on page 1

This is a 1000 Swiss francs note. Which is equal to USD $1000

Paul&John · 05-07-2016, 03:14 AM

Quote:

Originally Posted by Paul

Read up on the new 2016 EU bank Bail Ins that have been implemented for the next round of financial problems.

Source

Source

The last place you want to have money is in a bank

It just basically says, that first the shareholders etc should bailout/in the bank, instead of taxpayers, which is a good thing. Everyone bitched about usa/eu bailing out big banks (too big to fail etc), now they want to do the opposite and still everyone will be bitching

Someone has to take the loss, if its not the state (taxpayers), then it has to be everyone who has money there.. But:

Quote:

The theory is that shareholders should take the first hit because they know they are risking their money. If that isn?t enough to stabilise the bank, subordinated bondholders should step up because they too should know such investments are risky. Next in line are senior bondholders and, finally, uninsured depositors ? which, in the EU, means those with more than 100,000 euros in their accounts. The small depositors should not be touched.

So if you have like two zillion euros, like I'm pretty sure everyone got on gfy, then you divide that money into 100.000 eur packages and put all those in different banks and you will be fine. (different banks should be I think really different banks, not just banks going under different names, but with the same owner)

CarlosTheGaucho · 05-07-2016, 05:04 AM

More cash on the street = less money to speculate with in the artificial economy and less control over limiting saving / lending etc.

Powered by banking, big business and government hand to hand, sure its more convenient for them to have access to your funds. There's no conspiracy this is just common sense.

NatalieK · 05-07-2016, 05:19 AM

Quote:

Originally Posted by Muad'Dib

I'll post it here again, in case someone missed it on page 1

This is a 1000 Swiss francs note. Which is equal to USD $1000

OMG, do shops not use card machines & still only take cash in Switzerland

05-05-2016, 09:59 AM	#51
JFK FUBAR the ORIGINATOR Industry Role: Join Date: Jan 2002 Location: FUBARLAND Posts: 67,374	Fitty clampdowns __________________ FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com

05-05-2016, 10:41 AM	#55
The Porn Nerd Living The Dream Industry Role: Join Date: Jun 2009 Location: Inside a Monitor Posts: 19,519	The powers that be will do ANYTHING to keep their bubble economies going long enough til they die. LOL Negative interest rates + the elimination of cash = total control over the economy (and population). Get ready, it's coming. __________________ My Affiliate Programs: Porn Nerd Cash \| Porn Showcase \| Aggressive Gold Over 90 paysites to promote! Now on Teams: peabodymedia

05-05-2016, 11:39 AM	#56
noshit Confirmed User Industry Role: Join Date: Dec 2001 Location: Midwest USA Posts: 1,582	Cashless translated means turning your chip off if you don't bow down and conform. Unless you're self sufficient, You can't buy shit. You can't eat. . __________________

05-06-2016, 11:28 AM	#73
Evil Chris OG Industry Role: Join Date: Dec 2001 Location: 3rd from the Sun Posts: 13,231	I forgot how many people on GFY wear tinfoil hats. LMAO __________________ It PAYZE to post on GFY chris at payze.com \| Skype chriswrp

05-06-2016, 11:29 AM	#74
NatalieK Natalie K Industry Role: Join Date: Apr 2010 Location: Spain Posts: 19,173	atm, the finance ministers are only asking for an investigation into the ban of the note due to the possible corruption & laundering using the notes. If the governments wanted to take control, they would ban cash & notes immediately, there'd be nothing anyone could do about it, if it was a world wide determination. US have had large notes recalled for years, there's no major issue, especially as most have said, 5 100 notes in your pocket is no big deal & at no point do you need to carry this amount around with you or you're looking to be robbed https://www.theguardian.com/business...uro-note-crime __________________ My official site Semi exclusive custom clips My affiliate program First time girls Skype: gspotproductions - "Converting traffic into income since 2005"

05-05-2016, 04:58 PM	#61
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	12clicks why are you complaining about this? You should be thrilled that you no longer have to make excuses to the bums hanging out on the corner as to why you can't spare some change...

05-06-2016, 09:41 AM	#71
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,783	further reading. Page Not Found \| Zero Hedge The Plot to Kill the $100 Bill - WSJ https://www.washingtonpost.com/news/...-the-100-bill/

05-06-2016, 11:35 AM	#75
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,822	the highest USD bill is $100 - that's 87.50 € there is zero use for a 500 € bill i don't give a fuck - about the bill or being called sheeple __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

05-06-2016, 12:43 PM	#77
Jel Confirmed User Industry Role: Join Date: Feb 2007 Posts: 6,904	stopping the €500 note because of: money laundering; no real use; it has germs and is the 'lergy is about as true as 2257 being to 'protect the children', and the old bill being able to do what they want dressed in riot gear because of 'terrorism', and tubes starting out with thousands upon thousands of 'user uploads', and 'rogue programmers' being at fault for 1,250 naughty things that were genuine mistakes, and chris mallick being a victim of funds in motion.

05-06-2016, 01:21 PM	#78
The Porn Nerd Living The Dream Industry Role: Join Date: Jun 2009 Location: Inside a Monitor Posts: 19,519	Another problem with paper money - from the banks perspective - is there's so much of it floating around that many banks won't agree to take it! That's right, banks are outright refusing to store huge quantities of cash, or in some cases charging for it. So there's another reason. But the #1 "problem" with conspiracies in general is not that they are happening (of course they are) it's that the average person (you and I) can do absolutely nothing about it. It's like watching a Pro Wrestling WWE match and thinking you can influence the outcome in any way. __________________ My Affiliate Programs: Porn Nerd Cash \| Porn Showcase \| Aggressive Gold Over 90 paysites to promote! Now on Teams: peabodymedia

05-07-2016, 01:23 AM	#80
Google Expert Webmaster Industry Role: Join Date: Jun 2004 Posts: 14,294	I'll post it here again, in case someone missed it on page 1 This is a 1000 Swiss francs note. Which is equal to USD $1000

05-07-2016, 05:04 AM	#82
CarlosTheGaucho Confirmed User Industry Role: Join Date: Oct 2005 Posts: 9,510	More cash on the street = less money to speculate with in the artificial economy and less control over limiting saving / lending etc. Powered by banking, big business and government hand to hand, sure its more convenient for them to have access to your funds. There's no conspiracy this is just common sense.