{"id":20470,"date":"2016-05-07T18:14:01","date_gmt":"2016-05-07T23:14:01","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20470"},"modified":"2016-05-07T18:14:01","modified_gmt":"2016-05-07T23:14:01","slug":"another-step-toward-cash-confiscation-in-europe","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20470","title":{"rendered":"Another step toward cash confiscation in Europe"},"content":{"rendered":"<h3 class=\"story-title entry-title\"><a href=\"https:\/\/www.mises.ca\/another-step-toward-cash-confiscation-in-europe\/\">Another step toward cash confiscation in Europe<\/a><\/h3>\n<div id=\"right-content\" class=\"relative\">\n<div id=\"content-area\" class=\"left relative\">\n<p>From today\u2019s Open Europe news summary:<\/p>\n<p>ECB TO HALT PRODUCTION OF \u20ac500 NOTE, BUT IT WILL RETAIN ITS VALUE<\/p>\n<p>The European Central Bank announced yesterday that it would stop printing the \u20ac500 note from the end of 2018 due to, \u201cconcerns that this banknote could facilitate illicit activities.\u201d However, the bank confirmed that the note will always remain legal tender and will therefore continue to retain its value.<\/p>\n<p class=\"ecxsources\">Source:\u00a0<a class=\"source\" href=\"http:\/\/www.ecb.europa.eu\/press\/pr\/date\/2016\/html\/pr160504.en.html\" target=\"_blank\">ECB Press Release<\/a><\/p>\n<p class=\"ecxsources\"><em>Once cash has been eliminated, the ECB can implement its negative interest rate program on a large scale. In fact it probably doesn\u2019t have to eliminate small bills, since it may be impractical and\/or impossible for anyone to hold and use\u00a0cash denominated in small bills for anything other than petty purchases.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Another step toward cash confiscation in Europe From today\u2019s Open Europe news summary: ECB TO HALT PRODUCTION OF \u20ac500 NOTE, BUT IT WILL RETAIN ITS VALUE The European Central Bank announced yesterday that it would stop printing the \u20ac500 note from the end of 2018 due to, \u201cconcerns that this banknote could facilitate illicit activities.\u201d [&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":[1035,233,281,282,7617,536,4927],"class_list":["post-20470","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-cash","tag-ecb","tag-europe","tag-european-central-bank","tag-mises-institute","tag-money","tag-war-on-cash"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20470","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=20470"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20470\/revisions"}],"predecessor-version":[{"id":20471,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20470\/revisions\/20471"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}