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“Freedom Always Dies Bit by Bit”: Bundesbank Takes Sides in War on Cash
“Freedom Always Dies Bit by Bit”: Bundesbank Takes Sides in War on Cash “Citizens should not be put under general suspicion.” There are two sides in the global war against cash. On one side are many of the world’s governments, central banks, fintech firms, banks, credit card companies, telecommunication behemoths, financial institutions, large retailers, etc. According […]
The Global Run On Physical Cash Has Begun: Why It Pays To Panic First
The Global Run On Physical Cash Has Begun: Why It Pays To Panic First Back in August 2012, when negative interest rates were still merely viewed as sheer monetary lunacy instead of pervasive global monetary reality that has pushed over $6 trillion in global bonds into negative yield territory, the NY Fed mused hypothetically about […]
An Escalating War on Cash
An Escalating War on Cash On February 16th, The Washington Post printed the article, “It’s time to kill the $100 bill.” This came on the heels of a CNNMoney item, the day before, entitled “Death of the 500 euro bill getting closer.” The former cited a recent Harvard Kennedy School working paper, No. 52 by Senior Fellow Peter Sands, concluding that […]
New York Times Editorial Board Endorses Economic Fascism – Supports Banning the $100 Bill
New York Times Editorial Board Endorses Economic Fascism – Supports Banning the $100 Bill I cannot overstate the significance of today’s New York Timeseditorial board endorsement of the elitist scheme to ban large denomination cash from public circulation. This is the latest example of the editorial board putting the interests of the establishment ahead of the […]
Greek Attempt To Force Use Of Electronic Money Instead Of Physical Cash Fails
Greek Attempt To Force Use Of Electronic Money Instead Of Physical Cash Fails While the “developed world” is only now starting its aggressive push to slowly at first, then very fast ban the use of physical cash as the key gating factor to the global adoption of NIRP (by first eliminating high-denomination bills because they […]
The First Steps to Ending Currency
The First Steps to Ending Currency While I don’t want to sound like a broken record, it is becoming increasingly clear that the Federal Reserve, other central banks and governments around the world are laying the foundation for a negative interest rate environment that will more than likely be imposed during the next recession. Governments […]
As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away”
As Banks Seek Monopoly Over Economy, “Cash Is Being Gradually Taken Away” There is a war on for the extermination of cash. It is the ultimate monopoly game, but there are those who are willing to put up a fight to keep cash in the game. The powers that be on Wall Street and in […]
Why The Keynesian Market Wreckers Are Now Coming For Even Your Ben Franklins
Why The Keynesian Market Wreckers Are Now Coming For Even Your Ben Franklins Larry Summers is a pretentious Keynesian fool, but I refer to him as the Great Thinker’s Vicar on Earth for a reason. To wit, every time the latest experiment in Keynesian intervention fails——as 84 months of ZIRP and massive QE clearly have—–he can be counted on to trot out […]
As War on Cash Escalates, Cash Lovers Fight Back
As War on Cash Escalates, Cash Lovers Fight Back “It would be fatal if citizens got the impression that cash is gradually taken away from them”: Bundesbank President Weidman. Over the last couple of days, bureaucrats at the European Commission and European Central Bank have expressed a keen interest in withdrawing the €500-note from circulation […]
When Cash Is Outlawed… Only Outlaws Will Have Cash
When Cash Is Outlawed… Only Outlaws Will Have Cash Control, Tax, Confiscate BALTIMORE – Harvard economist Larry Summers is a reliable source of claptrap. And a frequent spokesman for the Deep State. To bring new readers up to speed, voters don’t get a say in who runs the country. Instead, a “shadow government” of elites, […]
Cashless Crisis: “With Digital Payments, Civilization Comes To An End Until Power is Restored”
Cashless Crisis: “With Digital Payments, Civilization Comes To An End Until Power is Restored” The coming brave new world may also be a fragile one. As most of the Western world is pushed into abandoning cash and embracing a fully digital cashless grid, it is apparent how vulnerable populations will become in times of crisis. If the […]
Latest Version of Monopoly is Called “Ultimate Banking” and is Completely Cashless
Latest Version of Monopoly is Called “Ultimate Banking” and is Completely Cashless The war on cash has been in the works for a very, very long time, but the propaganda campaign to convince an always gullible public to accept the scheme seems to have been hatched in earnest late last spring. For example, here are a […]
Draghi Lies Claiming withdrawing €500 note is for crime not Taxes
Draghi Lies Claiming withdrawing €500 note is for crime not Taxes The Hunt for Taxes While Mario Draghi has denied that the European Central Bank would only withdraw its €500 highest-denomination banknote to combat crime, not to curb the use of paper money, you really cannot expect that he would tell the truth. If he really told […]
Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill”
Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill” Yesterday we reported that the ECB has begun contemplating the death of the €500 EURO note, a fate which is now virtually assured for the one banknote which not only makes up 30% of the total European paper currency in circulation by […]
The War On Paper Currency Begins: ECB Votes To “Scrap” 500 Euro Bill
The War On Paper Currency Begins: ECB Votes To “Scrap” 500 Euro Bill Update: in case there was any doubt about the ECB’s true intentions, we just got the official “denial”: DRAGHI: ANY ECB ACTION ON EU500 NOTE IS NOT ABOUT REDUCING CASH Translation: the ECB action is only about reducing physical cash, some 30% of it […]
