EU Power Grab: “So – cash, bitcoin, precious metals, and prepaid cards over $150 are all instruments of the “terrorists” and are now open to confiscation”

Since the War on Cash began about a year ago (in earnest) we have seen a concerted effort to get all financial activity into the “matrix” before it’s too late. (From the globalist/control freak perspective.) Have a pile of cash? You must be a criminal. Have some silver and gold? You must be a criminal. The state wants its eyes on all transactions. It wants to make sure it always gets its cut. This has nothing to do with fighting “terrorists.”

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Declaring war on common sense, Venezuela bans its own money

The whole place is economically dysfunctional. This is what happens when prices are restricted by the government and the totalitarians refuse to let in the light of the market. It’s really that simple fundamentally.

It should be noted also that the Indian government pulled a similar thing a couple of weeks ago and also threw its economy into a spin.

The War on Cash is on.

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A Cash Ban is Coming to the US

(From Zerohedge)

India’s decision to ban Rupee notes above 500 has become the financial media’s topic du jour.

However, India is in fact just the latest in a series of countries to ban physical cash in higher denominations.

The war on cash has been going on since at least 2014 if not earlier.

To that end, France has banned any transaction over €1,000 Euros from using physical cash.

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Apple’s Next Goal Is Killing Paper Money Once and For All

The War on Cash is on. The opening salvos were launched months ago, and now we are getting into the meat of the campaign which is being driven by central banks, governments, and by industry. They all want to kill cash.

The central banks hate cash particularly because it limits their power. There is real concern that in the event another significant recession rolls around central banks will have a hard time pushing down interest rates,

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WAR on CASH: Cash on the edge of extinction in northern Europe?

The war on cash is a war on anonymity. Cash transactions are private and discreet. Electronic transactions are recorded and can be sifted through for all sorts of things.

Central planners hate cash. It puts power in the hands of the awful, terrible, ignorant consumers, and limits the power of the bankers and their allies in government.

We’ve already heard quite a lot about the War on Cash this year. The opening salvos have been volleyed.

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Cash Means Freedom, Which Is Why So Many Officials Hate It

In a negative interest rate environment (which we might find ourselves in come the next recession) cash produces a relative yield. In other words the yield of the cash under your mattress is 0% but that is still better (in a negative rate environment) than what the bank will give you for said cash.

Central bankers hate cash because it limits the power of central bankers to experiment and manipulate (more often screw up) the economy as they wish.

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When They Say “Hoarding” Instead Of “Saving” You Know You’re In Trouble (The big govt economists want to take your cash)

“Hoarding” is code for savings certain people don’t like. These same people then argue that your “hoarded” property is illegitimate and so subject to confiscation in the name of the “greater good.”

This is of course silly and hearkens back to old dusty ideas about the “velocity of money” etc. Wealth comes from ideas not money supply. If the economy provides enough opportunity for return on investment people will exit any “hoards.” (At least to a very large degree.) But in a world in which ROI is increasingly difficult due to poor economic and societal management people are going to be inclined to save.

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This Is The Real Reason For The War On Cash

As we said in the previous post, the War On Cash is a war for power. (Like pretty much every war is.) On one side are the central planners, governments, central banks. On the other side is the rest of the world.

The central planners see that their vast experiment post-2008 is failing. As such they are getting desperate. The planners are increasingly of the opinion that the real problem is that they don’t have tight enough control over the world economy (let that sink in) and that cash in the hands of everyday people is a danger to their centralized regime.

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