What's more insidious than inflation and being waged on every citizen of the world? That's right, it's the war on cash!
It is no coincidence that banks and governments around the world have been working towards a cashless society.
- J P Morgan Chase sent a letter to clients with safety-deposit boxes saying: “Contents of the box: You agree not to store any cash or coins other than those found to have a collectible value.” They have also restricted their clients to a $50,000 USD international transfer limit.
- The French authorities have already banned cash transactions over £700 (€1000). It has been 'sold' to the French public as a way of combating crime and terrorism.
- The Indian Prime Minister Narendra Modi has recently demonetised the 500 and 1000 rupee notes, siting “Fake money and terrorism are ruining the nation’s fabric” and “Cash economy aides black money, corruption and makes life difficult for the poor” .
When governments want to make sweeping changes to policy they will frequently mollify their citizens with words like terrorism. And this war on cash is no exception. It is being sold to us under the charges of terrorism, war on corruption and money laundering. Much was made in France of the cash used by the terrorists prior to the Charlie Hebdo attack. Since then the French authorities have used this in their drive to ban cash. The attackers also used coats, shoes and smartphones but no one is looking to ban them.
However the wider picture shows the banking cartels have ulterior motives. And it goes without saying, if they are gunning for the abolition of cash, then perhaps we should be experiencing a red flag moment!
The central bankers have been using Quantitative easing along with inflation to drive down the value of our currencies be it dollar, pound, yen or euro. They are working alongside regulators to make cash less convenient to use, thus creating a backdrop for it to be finally eliminated legally.
A cashless society
Are we swimming blindly into the net? Well little-by-little we are losing control of our finances. Last year (2016) when Andy Haldane BoE (Bank of England) addressed the Portadown Chamber of Commerce meeting he suggested the banning of cash. That's right, scrapping notes and coins and replacing them with 'blockchain technology' (bitcoin type currency). It is quite alarming that someone as senior and influential as Andy Haldane is thinking along these lines.
The banking cartels motivation of course is the spectre of deflation, which banks dread and which can bankrupt governments. The problem is, with 0% interest rates, people are removing money from banks. This means, at some point, a run on the banks. So by removing cash they eliminate the risk. Other reasoning behind this anti-cash move is that the banks can charge you for using money, your money. Another tool to be added to ATM fees, monthly charges, transaction fees to shake even more money out of you.
If they succeed in abolishing cash, we will be obliged to put every transaction through the banking system. In doing this the bank could charge you negative interest rates to keep your money, and there would be no choice in the matter. Locking you into this financial system would make it much easier for the powers-that-be to make one off taxes and to conduct Bail-in's.
This centralising of power would give the banks and governments huge control over us, our money and the way we invest and spend. Not to mention the impact this would have on our privacy and access to money. The wider picture is that, in banning the use of cash, we will be losing a fundamental part of free society.
You can choose to do something about it
Take a lead from the people in the know... the central banks! They continue to amass huge quantities of physical gold and silver the world over, whilst publicly referring to them as “barbarous relics”. Why are they doing this? Because it is the best form of insurance in uncertain times. They are preparing themselves for the volatility that lies ahead. And so can you...
For more information on purchasing gold and silver, please contact us here.
If this has been of any interest or help please share. And as usual your comments are always welcome!