{"id":11546,"date":"2015-08-28T07:31:40","date_gmt":"2015-08-28T12:31:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11546"},"modified":"2015-08-28T07:31:40","modified_gmt":"2015-08-28T12:31:40","slug":"the-financial-times-calls-for-ending-cash-calls-it-a-barbarous-relic","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11546","title":{"rendered":"The Financial Times Calls for Ending Cash, Calls it a \u201cBarbarous Relic\u201d"},"content":{"rendered":"

The Financial Times Calls for Ending Cash, Calls it a \u201cBarbarous Relic\u201d<\/a><\/h3>\n

\"Screen<\/p>\n

Earlier this week, as the financial world was mesmerized by a min-stock market crash, the\u00a0Financial Times<\/em>\u00a0published a dastardly little piece of fascist propaganda.<\/p>\n

There is no more egregious\u00a0anti-liberty economic policy imaginable than banning cash. I covered this earlier in the year in the post,\u00a0Martin Armstrong Reports on a Secret Meeting in London to Ban Cash<\/a><\/strong>. Here\u2019s an excerpt:<\/p>\n

At this point, anyone paying even the slightest bit\u00a0of attention to the central planning economic totalitarians running the fraudulent global financial system is aware of the blatant push in the media to acclimate the masses to accepting a \u201ccashless society.\u201d<\/em><\/strong><\/p>\n

In the mind of an economic tyrant, banning cash represents the holy grail. Forcing the plebs onto a system of digital fiat currency transactions offers total control via a\u00a0seamless tracking of all transactions in the economy, and the\u00a0ability to block payments if an uppity citizen dares get out of line.<\/em><\/strong><\/p>\n

While we\u2019ve all seen the idiotic arguments for banning cash, i.e., it will allow central planners to more efficiently\u00a0centrally plan economies into the ground, Martin Armstrong is reporting on a secret meeting in London with the aim of getting rid of any economic privacy that remains by ending\u00a0cash.<\/em><\/strong><\/p><\/blockquote>\n

Three months later, \u00a0the\u00a0Financial Times<\/em>\u00a0publishes an\u00a0article titled,\u00a0The Case for Retiring Another \u201cBarbarous Relic.\u201d<\/a>\u00a0 When you start to see increased propaganda\u00a0about banning cash, you know the status quo is very scared and things are getting very serious. You\u2019ve been warned.<\/p>\n

\n

From\u00a0the\u00a0FT<\/em><\/a>:<\/p>\n

T<\/span>he fact that people treat cash as the go-to\u00a0safe asset<\/a>\u00a0when banks are teetering is heavy with historical irony. Paper money was once the symbol of monetary irresponsibility. But even as individuals have taken recent crises as reasons to stock up on banknotes, authorities would do well to consider the arguments for phasing out their use as another \u201cbarbarous relic\u201d, the moniker Keynes gave to gold.\u00a0<\/em><\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n

 <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Times Calls for Ending Cash, Calls it a \u201cBarbarous Relic\u201d Earlier this week, as the financial world was mesmerized by a min-stock market crash, the\u00a0Financial Times\u00a0published a dastardly little piece of fascist propaganda. There is no more egregious\u00a0anti-liberty economic policy imaginable than banning cash. I covered this earlier in the year in the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[8283,1035,4787,1034,8262,4285,6174],"class_list":["post-11546","post","type-post","status-publish","format-standard","hentry","category-economics","tag-barbarous-relic","tag-cash","tag-cash-ban","tag-cashless-society","tag-financial-times","tag-liberty-blitzkrieg","tag-michael-krieger"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11546"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11546\/revisions"}],"predecessor-version":[{"id":11547,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11546\/revisions\/11547"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}