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Cash restrictions - combating gray economy or stocking up the banks?


Lempo

Well-known member
Joined
Jun 30, 2012
Messages
6,314
ZeroHedge knows to tell us that Russia is introducing cash restrictions with the stated intention of combating grey economy.

Good for them, grey economy is at least 50 points of GDP and all that. It's just that Finland, with very much smaller grey economy was also reported yesterday to introduce very much similar legislation with same stated motivation behind it.

The one part in proposition(s) is especially eye-catching: the employers would not be allowed to pay wages and salaries in cash anymore, but those should always be paid into the employee's bank account.

Are they, could it be, is it possible: Are these measures, despite the stated grey economy element, taken in fact in order to stock up banks with all the trickles of small depositor capital and is the system being set up just in case or is it about to get very real everywhere very soon?

The Finnish legislation is planned to be effective in 2014, but the schedule can of course be altered if need be. Are there similar actions taking place elsewhere in Europe than in this one northern corner?
 


Lempo

Well-known member
Joined
Jun 30, 2012
Messages
6,314
Forgot a point: Amidst people making statements about getting their money out of banks and asking their employers to pay them in cash from now on instead of paying to their bank accounts, can these actions be seen as the governmental response to that kind of threats? "Good for you, but how are you going to do that now that it is illegal?"

Don't go getting ideas about ditching the banks, puny peasant!
 
D

Dylan2010

the grey economy wouldnt be required if the "white" economy wasnt so corrupt
 

Dillinger

Well-known member
Joined
Nov 14, 2007
Messages
971
So is it true that Italy is next in line for a deposit theft .. I mean levy.
 

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