Your friendly reps in DC have started the process. Your $100 bills are going to be removed from the system.
It’s only a matter of time before it becomes mandatory for you to turn in your Ben Franklins.
Why? It’s a desperate move to tax anything and everything that moves.
This is due in part to the increasing acceptance of Crypto-currencies. But it’s also being done so the government can find more ways to steal tax everything you do.
Hopefully, this threat of removing $100 bills will act as a catalyst for you and everyone else to take positive action. By that I mean having cash on hand (Preferably not $100 bills).
And I’m not just talking a couple hundred bucks here.
You should have a minimum of 2-3 months’ worth of your normal expenses held in cash.
In your hands…not in a bank.
If you don’t hold it, you don’t own it.
And it can be a lifesaver if, for some reason, the banks shut down for an emergency “holiday.”
Or, if, for some reason, all digital currencies (and credit/debit cards) stop working.
Do you think it can’t happen?
Have you ever heard of an EMP (Electro Magnetic Pulse)? They naturally occur from sunspots.
But, if for some reason, someone sets off a nuclear explosion, a few miles up in the atmosphere, it can create an EMP strong enough to completely shut down the grid.
That means no digital anything…no access to your money, computer, smart phone, etc.
Talk about a panic.
We cover how to protect yourself from events like this in our September issue of Simplifying Wall Street in Plain English.
Don’t miss it.
Get it (HERE).
And cash in your $100’s for smaller bills.