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War on Cash: India Rolling Out Retail Pilot Program for Digital Rupee
War on Cash: India Rolling Out Retail Pilot Program for Digital Rupee NOVEMBER 23, 2022 BY SCHIFFGOLD 0 1 We recently reported that the Federal Reserve plans to launch a 12-week pilot program in partnership with several large commercial banks to test the feasibility of a central bank digital currency (CBDC). The US isn’t alone in experimenting with digital […]
One Ring to Rule Us All: A Global Digital Fiat Currency
One Ring to Rule Us All: A Global Digital Fiat Currency We’ve written extensively about the “war on cash.” In a nutshell, governments would love to do away with cash in order to better track and control their citizens. There have been numerous moves closer to a cashless society in recent years, from capping ATM withdrawals to doing […]
Dangers Of Programmable Money Explained
Dangers Of Programmable Money Explained Dominic Frisby with Money, Markets & Other Matters talks about the war on cash and central bank digital currency, known as CBDC. He questions if CBDCs are “the final step into the brave new world – Orwellian great reset dystopia – we seem to be heading towards” or are they “the onramp to the Bitcoin […]
The End of Paper Money – the Digital Revolution
The End of Paper Money – the Digital Revolution The assumption in governments has always been that WE ARE THE PROBLEM – not them! They have really believed that if they could tax the underground economy they would have balanced budgets. We all know that in reality, no matter how much money they collect, they will always […]
Shortage of $50 Canadian Bills?
Shortage of $50 Canadian Bills? A reader sent in this photo that was posted at the head office branch of Bank of Montreal in Vancouver, which is one of the largest banks in Canada. This is a trend that is beginning to appear around the world. However, central banks are using the virus as an […]
“Panic-Driven Hoarding Of Bank Notes”: People Aren’t Abandoning Cash During The Pandemic, They’re Socking It Away
“Panic-Driven Hoarding Of Bank Notes”: People Aren’t Abandoning Cash During The Pandemic, They’re Socking It Away Habits change in the midst of a global recession, not to mention a global pandemic. We have already looked at how the pandemic has caused seismic shifts in many industries, but it is also causing a shift in how people […]
BIS General Manager Outlines Vision for Central Bank Digital Currencies
BIS General Manager Outlines Vision for Central Bank Digital Currencies The behaviour of central bankers is rarely (if ever) given sustained coverage in the national press. Outside of prominent economic channels, developments from within institutions such as the International Monetary Fund and the Bank for International Settlements are seldom remarked upon. Instead, attention is restricted to […]
GOING CASHLESS?? Someone Better Tell The Federal Reserve As Currency In Circulation Reaches New High
GOING CASHLESS?? Someone Better Tell The Federal Reserve As Currency In Circulation Reaches New High With all the talk about Central banks going “Cashless,” someone needs to tell the Federal Reserve. Why? Because the Federal Reserve just placed another large order for newly printed 2018 Dollars. Interestingly, the U.S. Treasury will print the largest number […]
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 […]
Cash Is No Longer King: The Phasing Out of Physical Money Has Begun
Cash Is No Longer King: The Phasing Out of Physical Money Has Begun As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for […]
Sweden Begins 5 Year Countdown Until It Eliminates Cash
Sweden Begins 5 Year Countdown Until It Eliminates Cash How much louder can the “ban cash” calls get? Recall it was just last year when we catalogued the growing cacophony of crazies for whom banning physical currency is the only way to ensure that depositors can’t simply reassert their economic autonomy under a low or zero rate […]
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 […]
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 […]
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 […]
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 […]
