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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 […]
The War on Cash & the Dollar
The War on Cash & the Dollar I have warned that Europe is the epic center for the decline and fall of Western Culture and economic strength. While the US has not yet joined Europe, the Democrats are licking their lips and trying desperately to figure out how to kill cash forcing everything to be […]
“Programmable Digital Currency”: The next stage of the new normal?The war on cash’s endgame is here: money replaced by vouchers subject to complete state control.
“Programmable Digital Currency”: The next stage of the new normal?The war on cash’s endgame is here: money replaced by vouchers subject to complete state control. Building on the bitcoin model, central banks are planning to produce their own “digital currencies”. Removing any and all remaining privacy, granting total control over every transaction, even limiting what […]
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 […]
The War On Cash, Is It A Real Thing? The Answer Is Yes
The War On Cash, Is It A Real Thing? The Answer Is Yes In our bizarre economy, we hear many things, and ideas are constantly being thrown out to us. This all tends to flow together and help us develop a strategy as to how we should cope with the changing times. One thing we […]
COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society? [SHORT]
COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society? [SHORT] Cash may well become a casualty of the COVID-19 pandemic. As these COVID-19 lockdowns drag out, more and more individuals and businesses are going cashless (for convenience and in a so-called effort to avoid spreading coronavirus germs), engaging in online commerce […]
The Frontlines in the War on Cash
The Frontlines in the War on Cash Let’s face it, many forces are pushing for the abolition of – or at least serious restrictions on – cash. Many businesses hate cash, because cash transactions take longer to process, and large quantities of cash pose a security risk. If you travel by air, you’ve experienced this […]
Global De-Banking On The Rise? $100 Bills See Mysterious Surge In Circulation
Global De-Banking On The Rise? $100 Bills See Mysterious Surge In Circulation It has been three years since the establishment launched its official ‘war on cash’ by eliminating Europe’s €500 bill, under the pretense that this effort would be fighting financial crime, terrorism, corruption and drug dealers. Of course, as we wrote at the time, what Europe and the […]
The War Against Cash
The War Against Cash Where every keystroke becomes part of one’s permanent record, where e-devices track one’s every move, the ability to pay physical cash for a financial transaction may have become the only off-the-record action one can execute, unless, of course, it’s recorded on one of the ubiquitous security cams. But signs are everywhere […]
Backlash Against War on Cash Reaches the Bank of Canada
Backlash Against War on Cash Reaches the Bank of Canada A cashless society could have “adverse collective outcomes.” In recent months, a slew of political and financial institutions have raised concerns about the march toward a cashless economy. They include: The ECB warned that a phase-out of cash could pose a serious risk to the financial system. […]
Mexico’s Central Bank Just Broke with the War on Cash
Mexico’s Central Bank Just Broke with the War on Cash Motivated by inflation? A strange thing just happened in Mexico. The Bank of Mexico (Banxico), announced that it is considering launching a 2,000 peso note (ca. $105), double the highest denomination note currently in circulation. It’s also considering doing away with Mexico’s lowest denomination 20 […]
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?
Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures? Banks are curtailing “cash services.” But why? In Australia, banks are reducing ATMs by about 8% a year. In the UK, ATMs — or cashpoint machines, as they’re termed locally — are disappearing at a rate of around 300 per month, […]
The EU Backs Off its War on Cash. Here’s Why
The EU Backs Off its War on Cash. Here’s Why People view paying in cash “as a fundamental freedom, which should not be disproportionately restricted.” The European Commission, in its official war on cash, admitted that physical cash is perhaps not quite the source of all evil that many EU institutions, including the Commission itself, […]
Backlash Against “War on Cash” Reaches Washington & China
Backlash Against “War on Cash” Reaches Washington & China The electronic-payments industry, which gets a cut from every electronic transaction, wants to kill cash. But wait… Not so long ago, it seemed that the death of cash was both inevitable and imminent. The war against physical money was advancing on all fronts. Cash, already with technological […]
