WITH CATHERINE AND JOHN TITUS

Theme: Just How Big Is the Breakaway Civilization?

Take Action:

Please login to see stories, charts, and subscriber-only content.
Not a subscriber yet? You are invited to join here!

127 Comments

  1. Venmo has frozen, removed, cancelled a few of my friends in the medical freedom community. Just another PayPal type digital control biz. Ugh.

      1. Forgot about that. I have seen their name in the PP terms and conditions.

  2. interesting about DeSantis PayPal account freezing during a public talk…
    Dr David Martin said the same thing happened to him – his Venmo and PayPal both were frozen while he was speaking!(Might have happened have a month ago or so) anyway frozen enough to keep people from donating….

  3. Re the question of BoE legal tender, it’s only the PAPER 20 and 50 pound notes that are losing their legal tender status by Sep 30th, the polymer ones replace them as legal tender:
    https://www.bankofengland.co.uk/knowledgebank/what-is-legal-tender
    https://www.bankofengland.co.uk/banknotes

    From “hat is legal tender”: What is classed as legal tender varies throughout the UK. In England and Wales, Royal Mint coins and Bank of England notes are legal tender.

    In Scotland and Northern Ireland, only Royal Mint coins are legal tender. Throughout the UK, there are some restrictions when using the lower-value coins as legal tender. For example, 1p and 2p coins only count as legal tender for any amount up to 20p.

    1. So, I want to buy a car for £11,000 that the bank will not allow me to withdraw in one lump, and the seller wants legal tender? What’s the alternative?
      And that gets us back into CBDC-lite where the transaction has to go through the banks.

      1. Generally speaking, legal tender concerns the guaranteed legal means to retire debt. Without some pre-existing debt, the principle of legal tender simply doesn’t come into play. Thus, shops and stores are free to demand other forms of payment for their goods–and even to reject legal tender–because the customer hasn’t incurred any debt to the store.

        In the U.S., as in the UK per Dagmar Selim’s comment above (thank you), legal tender includes cash and coin. See 31 U.S.C. § 5103 (“United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues.”), https://www.law.cornell.edu/uscode/text/31/5103

        1. Thanks for replying, John. And thanks for the definition as of the “guaranteed legal means to retire debt” and the consequences resulting from that.
          There is an interesting development with regards to legal tender in Germany (and probably other EU states): Only legal tender in Germany is Euro notes and Euro coins. Euro coins are limited legal tender as in they only have to accepted for single amounts up to 200 Euros or up to 50 coins (that’s funny: highest denomination of Euro coins is 2 Euro which would mean the limit would be only 100 Euro max?). Anyway, Euro notes are supposed to be unlimited legal tender meaning that you can pay any amount in Euro notes (theoretically). Not so fast, there are other regulations which limit (de facto) the use of cash above 10.000 Euro (many car dealers don’t accept cash over 10.000 euros as they have to keep records to prove the origin), gold/silver purchases over 2.000 euros cannot be made anonymously, metal dealers are obliged to assert the identity of buyers.

  5. As to John’s comment that the 8bn pounds in circulation in UK (in 20 and 50 pound notes): 1) I think that is the amount measured in paper notes as per now, but the polymer notes were issued in Feb 2020 (20 pound notes) and June 2021 (50 pound notes), so many paper notes will have been withdrawn from circulation and replaced by polymer ones in the meantime. The 8 bn paper 20 and 50 pound circulation to me is not equivalent to the total amount of bank notes circulation. 2) As to the 8 bn (UK) and 2 tn (US) worth of banknotes in circulation, as far as I remember about 70% of the US notes are in circulation abroad, not domestically because people in many countries with unstable currency use US cash as storage or means of payment (Turkyie was a famous example of that) 3) Europeans that travelled to the US in the not too distant past have on their return always commented how “backwards” they experienced the US in terms of electronic payment methods, especially with regards to the use of checks and especially in “Middle America”, so you are probably right that there already is a much higher acceptance of (and expectation to be able to use) some form of electronic money here in Europe (heard of Vipps and Kwitt and Swish for instant electronic transfer of money between private people via phone apps, especially in the Nordic countries?)

  6. Thanks Catherine, great show, but how to sleep soundly after that?
    It takes me back to 2009, and listening to a conversation on how to fix Ireland. The problem: the people responsible for tackling the blatant criminality will be putting their fathers, brothers, sisters, uncles, aunts and cousins in jail. In Ireland, the Great Big Club is quite small BTW.
    Civil War would be easier to attempt.
    On a related matter Stalin’s purges included Pravda. No matter how loyal you were, Stalin had a policy of replacement, hence the entire staff of Pravda got purged when their time came.

Comments are closed.