The war on cash is real. Bankers want to start forcing negative interest rates on us, to force consumers to spend instead of save, ie to borrow even more debt and become even more enslaved. This means your money will shrink if left in your account. If people have the option of avoiding negative interest rates by withdrawing cash and sticking it under the mattress that wont work. Even worse for the bank that would cause a run on the bank. So cash is there as a barrier to bankers forcing even more debt on us by these negative interest rates. This is why they want to remove cash.
If you notice there is a campaign in the media to make cash seem like it is old fashioned and not needed because it is inconvinient, or expensive to handle. These are lies, real reasons are as outlined above.
This will all be positive for stores of value like gold, silver and bitcoin, unless these are somehow outlawed. (won’t suprise me if they try)
Anyway heres some more ideas on this topic from JS Kim. If you are not familiar with his work at SmartKnowledgeU I highly recommend checking it out.
By JS Kim
In these newsletters, we’ve been informing you of the extremely aggressive global banker push to enforce a cashless society upon us. In fact, the Denmark Central Bankers have already stated that they will stop printing new coins and new paper money in 2016 and that, starting in 2016, all vendors in Denmark can legally refuse to accept all coins and paper money for their goods and services! A top Citibank banker, Willem Buiter, has been urging the US government and Fed Reserve bankers to ban all cash transactions in the US as has Harvard professor Ken Rogoff, and most recently German economist Peter Bofinger has joined the bandwagon in calling for the Bundesbank to ban all cash in Germany. Is there anyone that is not calling for a ban in the use of cash in this world? And why are bankers so adamant about banning cash after hundreds of years of allowing cash as money but making all other forms of competitive money such as gold and silver illegal? What is happening in globa l currency markets right now that have they become so adamant about banning cash now? For answers to these questions, watch our video below.
Any logical person would conclude that this vocal and aggressive banker-sponsored movement points to enormous frailties and stresses in the current global banking system to which most are still blissfully unaware. And why have these frailties arisen? The answer clearly is because bankers have engaged in so much fraud with their ZIRP, QE policies and currency wars that the entire existence of the global fractional reserve banking system is now being threatened with terminal failure