Roughly two weeks ago, when writing about the cash ban in India, I stated:
Fast forward to this week at the Davos Economic Forum in Davos
Switzerland, and Nobel Prize winning economist Joseph Stiglitz all but
said the exact same thing.
Again… the War on Cash is not slowing down. India effectively removed 86% of the physical cash in circulation and no one was forced to resign.
Put simply, India signaled to the global elites that you can implement a near complete ban on physical cash, and there are no real consequences as far as political aspirations.
We believe that the Elites will be pushing for this policy to hit the US. If you think this is impossible consider that Stiglitz openly called for the US to ban cash in the article above.
Indeed, we've uncovered a secret document outlining how the Fed plans to ban physical cash and incinerate savings in the coming months.
http://phoenixcapitalmarketing.com/cash.html
If you think the Elites aren’t
watching this unfold with sheer delight you’re mistaken. Globally a war
on cash has been declared. And India has now proved that it can be done with little consequence. The fact it INCREASE tax hauls (something every Government on the planet wants) is just icing on the cake.
Indian Prime Minister Narendra Modi has
already removed 86% of his country's currency from circulation in an
attempt to curb tax evasion, tackle corruption and shut down the shadow
economy.
Should the US follow suit?
Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would,
over the long term, have “benefits that outweigh the cost,” the
Columbia University professor said on day one of the World Economic
Forum's Annual Meeting in Davos…
“I believe very strongly that countries like the United States could and should move to a digital currency,” he said,
“so that you would have the ability to trace this kind of corruption.
There are important issues of privacy, cyber-security, but it would
certainly have big advantages.”
Put simply, India signaled to the global elites that you can implement a near complete ban on physical cash, and there are no real consequences as far as political aspirations.
We believe that the Elites will be pushing for this policy to hit the US. If you think this is impossible consider that Stiglitz openly called for the US to ban cash in the article above.
Indeed, we've uncovered a secret document outlining how the Fed plans to ban physical cash and incinerate savings in the coming months.
http://phoenixcapitalmarketing.com/cash.html
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