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War on cash: Is Freedom at stake?
international |
rights, freedoms and repression |
opinion/analysis
Wednesday November 23, 2016 16:47 by Thomas Roberts
The idea of abolishing high denomination banknotes is more and more present in political talks around the world. The European Central Bank already announced the death of the €uro 500, tomorrow it might be the Benjamin ($100). What is next? Why do our governments want to get rid of cash and why don’t we have a word to say about it? Larry Summers, a former Treasury Secretary and Harvard president has been pushing the U.S to ban both 50$ and 100$ bills. The official reason? Fighting against terrorists, drug dealers, bribers and other tax evaders. Because it is obvious that all of the bad guys will just surrender from their criminal activities if we take away the high denomination banknotes. “The notion that such evildoers as the Mexican drug cartels and ISIS will be seriously disrupted by the absence of the Benjamin–”These sacks of cash are too heavy now. Let’s surrender!”–is so comical that one has to wonder if Summers et al. are auditioning to write gags for Saturday Night Live.” wrote Steve Forbes for Forbes. |
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Jump To Comment: 1 2NIRP or "negative interest rate policy" AKA the war on cash has been quietly gaining momentum
The elites would like us all to be paying for everything electronically so we will have no choice
but to put our money into a bank account so we can function.
At this point they will impose negative interest rates and then effectively it's game over.
an audit trail for every purchase by everyone and the banks can "legally" steal everyone's money from their accounts by nibbling away at
it constantly. Add the recent "bail in" policies that have been coming into fashion in the EU and this mix
becomes a totalitarian and financial terrorist's wet dream. Coming to a country near you soon.
Orwell said "If you want a vision of the future, imagine a boot stamping on a human face - forever."
Well this is the financial version
Read more at:
http://www.politics.ie/forum/economy/246786-nirp-negati....html
And apparently a big push has been made in India where the took the 1,000 rupee and 500 rupee were taken out of circulation. These are the most used notes for trade and business by ordinary people in India. It's probably like removing the €10 and €20 notes here.
It is reported here: http://wolfstreet.com/2016/11/15/india-launches-war-on-...sues/