{"id":18553,"date":"2016-03-07T12:19:01","date_gmt":"2016-03-07T17:19:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18553"},"modified":"2016-03-07T12:19:30","modified_gmt":"2016-03-07T17:19:30","slug":"freedom-always-dies-bit-by-bit-bundesbank-takes-sides-in-war-on-cash-2","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18553","title":{"rendered":"\u201cFreedom Always Dies Bit by Bit\u201d: Bundesbank Takes Sides in War on Cash"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/wolfstreet.com\/2016\/03\/06\/bundesbank-takes-sides-in-war-on-cash-freedom\/\" target=\"_blank\">\u201cFreedom Always Dies Bit by Bit\u201d: Bundesbank Takes Sides in War on Cash<\/a><\/h3>\n<p class=\"entry-meta\"><strong>\u201cCitizens should not be put under general suspicion.\u201d<\/strong><\/p>\n<\/header>\n<div class=\"entry-content\">\n<p>There are two sides in the\u00a0global war against cash. On one side are many of the world\u2019s governments, central banks, fintech firms, banks, credit card companies, telecommunication behemoths, financial institutions, large retailers, etc. According to them, the\u00a0days of physical currency\u00a0are numbered, so why not pull the plug already, beginning with the largest denomination bills such as the $100-note and particularly the \u20ac500-note?<\/p>\n<p>On the other side are people who like to use cash \u2013 most of whom, according to the dominant official narrative, are either criminals or terrorists. After all, they must have something to hide; otherwise, why would they use a private, untraceable (not to mention archaic, dirty, dangerous and unhygienic) form of payment like cash?<\/p>\n<p>The powers that want to kill off cash already have vital technological and generational trends firmly on their side, along with\u00a0widespread public ignorance, apathy, and disinterest. But in recent weeks the unlikeliest of defenders of physical money has emerged: the national central bank of Europe\u2019s biggest economy, the German Bundesbank.<\/p>\n<p>\u201cI have my doubts that introducing a cash limit or getting rid of bigger denominations can really prevent terrorists or criminals from engaging in illegal activities,\u201d Carl-Ludwig Thiele, Bundesbank board member in charge of cash issues, said\u00a0in a\u00a0<a href=\"https:\/\/www.bundesbank.de\/Redaktion\/DE\/Reden\/2016\/2016_03_03_thiele.html\" target=\"_blank\">speech<\/a>\u00a0last week. \u201cWe also should ask ourselves: what sort of an understanding of government forms the basis of these proposals? Citizens should not be put under general suspicion.\u201d<\/p>\n<p>Thiele is not the first Bundesbank official to publicly defend cash.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cFreedom Always Dies Bit by Bit\u201d: Bundesbank Takes Sides in War on Cash \u201cCitizens should not be put under general suspicion.\u201d There are two sides in the\u00a0global war against cash. On one side are many of the world\u2019s governments, central banks, fintech firms, banks, credit card companies, telecommunication behemoths, financial institutions, large retailers, etc. According [&hellip;]<\/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":[2,6],"tags":[63,6119,1035,1034,124,5660,281,338,4927,4255],"class_list":["post-18553","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-banks","tag-bundesbank","tag-cash","tag-cashless-society","tag-central-banks","tag-don-quijones","tag-europe","tag-freedom","tag-war-on-cash","tag-wolfstreet"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18553","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=18553"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18553\/revisions"}],"predecessor-version":[{"id":18555,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18553\/revisions\/18555"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}