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The Final Assault in the War on Cash
The Final Assault in the War on Cash Before I show you what I’ve learned about a plan to seize control of America’s money, let me make one point clear… If you value sound money and political freedom… if you value limited government and taxation with representation… and if you value enterprise and privacy… then […]
Ron Paul: “A Cashless Society Is Very, Very Dangerous”
Ron Paul: “A Cashless Society Is Very, Very Dangerous” As the global war on cash continues to accelerate, outspoken libertarian Ron Paul summarizes the effort to eliminate cash perfectly – as an “attack on individual freedom.” Restricting and discouraging the use of cash, suggests Paul, has always been a goal of statists as a means […]
Visa Goes Down in the UK, Chaos Ensues, Cash is Suddenly King
Visa Goes Down in the UK, Chaos Ensues, Cash is Suddenly King War on Cash Suffers Setback. For over 12 hours on Friday, shopping centers in the UK and other parts of Europe were plunged into chaos as millions of consumers were unable to use their Visa debit or credit cards at points of sale. […]
Australia Bans Payments Over $10k, Unleashes “Mobile Strike Teams” In War On Cash
Australia Bans Payments Over $10k, Unleashes “Mobile Strike Teams” In War On Cash As Australia struggles to maintain its unprecedented 104-quarter-long streak of uninterrupted economic growth, lawmakers are intensifying the country’s “war on cash” – ostensibly part of a crackdown on “criminal gangs” that are smuggling drugs and/or people into the island nation and companies […]
“Ice Nine” Comes to China
“Ice Nine” Comes to China The war on cash has been going on for decades. The U.S. abolished the $500 bill in late 1969. (The old $500 bill featured a portrait of President William McKinley, by the way. I remember seeing a few when I was a kid.) Today’s $100 bill is only worth 10 […]
Even the World’s Most Cashless Nation Doesn’t Want to Go Fully Cashless
Even the World’s Most Cashless Nation Doesn’t Want to Go Fully Cashless It’s too risky and systematically excludes the most vulnerable people. There are small but growing signs that Europe’s “War on Cash” is not going exactly according to plan. First, a number of central bankers began voicing concerns about its potential ramifications. Now, even […]
Silicon Valley Joins War On Cash: Tim Cook Seeks “Elimination Of Money”
Silicon Valley Joins War On Cash: Tim Cook Seeks “Elimination Of Money” Apple CEO Tim Cook has one big hope for the future – that he lives to see the end of money. “…I’m hoping that I’m still going to be alive to see the elimination of money.” Speaking at a meeting for Apple shareholders […]
“Cash Must Not Be Made the Scapegoat”
“Cash Must Not Be Made the Scapegoat” In the War on Cash, a rare defense of physical money by an ECB Board Member. The proposed EU-wide cash restrictions could come into effect as early as this year. But defenders of physical cash have an unexpected ally in their struggle: Yves Mersch, a member of the […]
Corporate Coercion and the Drive to Eliminate Buying with Cash
Corporate Coercion and the Drive to Eliminate Buying with Cash “Sorry we’re not taking cash or checks,” said the clerk at the Fed Ex counter over a decade ago to an intern. “Only credit cards.” Since then, the relentless intensification of coercive commercialism has been moving toward a cashless economy, when all consumers are incarcerated […]
Spain’s Third Biggest Bank Just Made it Harder to Get Cash
Spain’s Third Biggest Bank Just Made it Harder to Get Cash War on Cash bogs down, despite best efforts of government, banks, and credit card companies. Spain’s third biggest lender, CaixaBank, has just launched a pilot project in Madrid aimed at limiting cash services in their branches to less than three hours a day, from […]
Hackers Break Into Equifax – Big Time!
Hackers Break Into Equifax – Big Time! Welcome to the reality of the Digital World and there are those in government who want to eliminate cash and force everyone into electronic deposits. Well the new data breach at credit bureau Equifax appears to have affected up to 143 million people. On top of that, Equifax has […]
Modi’s Demonetization Called “Colossal Failure That Ruined Economy” As India GDP Growth Slumps To 2-Year Lows
Modi’s Demonetization Called “Colossal Failure That Ruined Economy” As India GDP Growth Slumps To 2-Year Lows India’s embattled Prime Minister Narendra Modi faced a double whammy of abuse this week as his nation’s economic growth collapsed to its weakest since Q1 2014 and India’s Central Bank released a report on Modi’s extraordinary “demonitization” plan last […]
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
CAN SWITZERLAND SURVIVE TODAY’S ASSAULT ON CASH AND SOUND MONEY? “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms of government in the world.” A contemporary of his, Frederick Kuenzli, a scholar of the Swiss Army, boasted: “No purer type of Republican […]
Visa Trying to Bribe Merchants to Stop Taking Cash
Visa Trying to Bribe Merchants to Stop Taking Cash The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or Treasuries who see cash transactions as hiding revenues from their tax collectors, but the payment networks that want to kill cash […]