Over the last few years I have searched for a worthy cause to get behind. A cause that doesn’t involve politics, religion, etc…..I might have finally found one.
The war on cash has officially started.
Bloomberg: Both Sides Can Declare Victory in the War on Cash
While the article above comes to an idiotic conclusion, it is worth reviewing in order to understand the scope of the issue. When I wrote about the subject matter for the first time exactly a year ago (see below), I didn’t think this would be possible. Yet, with central bankers around the world hell bent on destroying all remaining sound financial principals, it is time to fight back.
Personally, I find this outrageous and I am seriously considering launching an official campaign against this. I will keep you posted. The fight is just starting and it will be a tough one. Europeans Say ‘Hands Off Our Cash’ as Interest Rates Go Negative
Previously published explanation – last year . It is as applicable today as it was back than and it is scary how fast things are progressing
Is The FED Planning To Abolish Cash? .
In an attempt to gain complete control of our financial system the FED needs an additional tool. The ability to set negative interest rates in order to tax the currency. We might as well be a stone throws away from someone at the FED actually proposing this notion as CITI’s own economist believe it’s a splendid idea.
Citi Economist Says It Might Be Time to Abolish Cash
Their plan entails…..
- Abolishing currency.
- Taxing currency.
- Removing the fixed exchange rate between currency and central bank reserves/deposits.
I am truly speechless here. Apparently it is not enough that we are already suffering through the worst FED induced Ponzi Scheme in human history. They now want the FED to abolish cash in order to induce negative interest rates. To fight deflation, to induce even larger asset bubbles, to gain full control control of the population, etc…
Just imagine how high the stock market will go if the fools above are able to set interest rates at, let’s say, -6%. Yet, as we are about to find out, the bigger the bubbles the bigger the eventual consequences will be. You cannot rewrite the laws of physics and that is precisely what they are trying to do here.
Perhaps I will end this with the following statement, echoing the NRA. I just hope that most Americans are smart enough to realize the same.
I’ll give you my cash when you pry it from my cold, dead hands.
