The War on Cash
The “War on Cash” is heating up. Louisiana has outlawed paying cash for
second hand goods, under the pretense that criminals sell stolen goods
for cash. France outlawed paying more than €1000 for anything, and you
cannot get more than €200 from an ATM. JP Morgan Chase is outlawing
storing cash in a safety deposit box. Most bank analysts are now calling
for the end of cash.
As I have been warning, in no way are we heading towards a gold
standard or anything of the sort. Instead, we are heading into the eye
of electronic money for taxes.
Besides
the fact that government will get every halfpenny they are looking for
in taxes, moving to electronic money is a major advantage for banks.
This is why their fake independent analysts are all lining up to demand
abolishing currency.
Of course you have the benefit of ending bank robberies. But honestly, banks do not carry that much cash anyway. The MAJOR benefit for them to eliminate cash is that it will eliminate bank runs.
The
good old days of lining up at the bank to withdraw your money will be
gone forever. With banks on the brink of total disaster in Europe,
eliminating cash will have the desired effect of eliminating the crisis
in their mind. U.S. banks see the writing on the wall, for whatever
starts in Europe eventually migrates here, just like plays and fashion.
Americans
are just naive. Europe has routinely cancelled currency. Old currency
from a few decades ago are no longer good, even in Britain. You can swap
it in if you go to the government but they often want you to prove
where it came from.
The government can simply cancel ALL CURRENCY.
That will force people into electronic money; it is coming faster than
you may ever suspect. This is why they are also tracking the movement of
gold. They are forcing society back into the barter system. Our Solution is the ONLY way out of this mess.
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