Greece passes new law banning 'large' cash transactions

[JimDiGritz]

Welcome to the NWO. Coming to a country near you soon.

http://www.reuters.com/article/idUSLDE61824V20100209

"From 1. Jan. 2011, every transaction above 1,500 euros between natural persons and businesses, or between businesses, will not be considered legal if it is done in cash. Transactions will have to be done through debit or credit cards"

Jim

[pkbutrfli]

I hope they begin to do transactions in fish, grapes, figs, etc.

[john940]

and here in my state of Kalifornia soo nto be , no more than 50 rounds of ammo per person per month....


 

the world is setting limits on the people. maybe this is sure sign of problems now.

[Madnsassy]

"Deposits in banks outside Greece are exempted from audits of their origin if they are repatriated within six months of the passing of the tax bill and are taxed with a 5 percent rate"

This is really alarming.  Is this a test case?  So, the way I'm reading this is that those who have gotten out of the banking system and have been depositing their monies at the Bank of Pillowtop will have to deposit such funds into a proper bank before the deadline, pay a 5% tax on their own likely already taxed money, or it will be illegal to use it in exchange transactions?

Is this a correct interpretation? 

[Pidgey]

Thread about the same thing on Denninger's Ticker Forum:

http://tickerforum.org/cgi-ticker/akcs-www?post=128116

I kinda' agree with him on his comments about it being an attempt to stop tax evasion that will simply fan the flames of capital flight.  Barter will end up offsetting a lot of that but then the government might collapse.

[Duncan]

Cut out the tinfoil... this is just a lobby win by VISA. Now they will get their 2.5% of EVERY transaction in Greece.

[FilterFeeder]

They're trying to head off a run on the banks