Ii’s Real: The War on Cash Enters Final Phase
21st Century Wire says…
Forcing everyone to spend only by electronic means from an account held at a (government-linked) bank gives technocrats far better tools of social, political and economic control over individuals and communities. This is the war against cash.
“Governments, at least modern western governments, have always hated cash transactions. Cash is private, and cash is hard to tax. So politicians trump up phony reasons like drug trafficking and money laundering to win support for bad laws like the Bank Secrecy Act of 1970, which makes even small cash transactions potentially reportable to the Feds.”
“Today cash is under attack like never before. Ultra low interest rates are the norm for commercial bank accounts. In Europe, as the ECB ventures into negative nominal interest rates, certain banks threaten to charge customers for depositing cash. Meanwhile, certain European bonds now pay negative yields, effectively turning them into insurance products rather than financial assets. And some economists now call for the outright abolition of cash, which shows just how far some will go in their crazed belief that economic prosperity can be commanded by forcing us to spend rather than save.”
The War on Cash is real, and it will only intensify from here on out. Dr. Joe Salerno delivers a powerful and comprehensive breakdown of how it’s happening…
READ MORE ON THE CASHLESS SOCIETY AT: 21st Century Wire Cashless Files
21st Century Wire is an alternative news agency designed to enlighten, inform and educate readers about world events which are not always covered in the mainstream media.
Source: http://21stcenturywire.com/2015/06/21/its-real-the-war-on-cash-enters-final-phase/
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Whistler Blowers, Insiders
In my case the war on cash ended more than a year ago…I won…no cash in sight
And exactly the same things are said about Bitcoin, which is a ‘currency’ digital, not physical and freely traded outside government hands.
Move everything into the digital world and everyone will move their currency ‘OUT’ of banksters hands to spread their portfolio, abandoning cash is abandoning the promise to pay as a debt FIAT, an effective default on the national debt – someone will be left holding a huge amount of worthless coin at a poor exchange rate of 1933 proportions, and it will be the banks.
By all means drop the debt dollar and watch as the digital $ is dropped for alt coins, even vouchers will be worth more, at least they have a fixed value against a product.