Elites Call For a Ban on Physical Cash... in the US

Roughly two weeks ago, when writing about the cash ban in India, I stated:

 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.

http://www.zerohedge.com/news/2017-01-05/elites-dream-cash-ban-now-closer-ever

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.

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.”

https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

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

Good bye

Hello

Aussie Media Push Globalists' "Cash Is For Criminals" Narrative

Global Wealth Confiscation, Cashless commerce, Bailins, are coming...one country at a time.

We are entering a very dark phase in this battle to retain our liberty," warns Armstrong Economics' Martin Armstrong, adding that "this is the most dangerous period we are heading into for governments will respond only to their own self-interest to survive."

The war on cash is in full swing.

First we saw India's Modi demonetize bank-notes in the interest of fighting corruption and tax avoidance in the black economy... later admitting that this will eventually lead to a cashless society.

Then we hear of a proposal now being whispered behind the curtain in Europe is to impose a tax on withdrawing your own money from an ATM. The banks support this measure as a whole because they see this as preventing bank runs.

And now the whispers behind the curtain are starting to get louder.
Following reports of some Aussie banks refusing to accept cash, Armstrong Economics' Martin Armstrong warns the headlines in Australia demonstrate how the press is already conspiring against the people. The new slogan rising is Cash is for Criminals. ABC of Australia ran the story:

Cash is for criminals: Why we should scrap big notes

A massive stash of cash may sound like a good thing, but according to one US economist, the vast numbers of banknotes in circulation around the world are making us poorer and less safe.

Ken Rogoff, an economics professor at Harvard, has been writing about paper money for 20 years and he says much of this cash "is used to facilitate all sorts of crime".

Beyond the more heinous crimes of human and drug trafficking and terrorism, some earners hoard their money to avoid tax.

...

One way for central banks to stimulate investment during a prolonged financial crisis is to apply negative interest rates.

However, in an economy awash with large denomination bills, sharply cutting rates could create "complete chaos", says Professor Rogoff.

Investments suddenly gone bad would spur a rush to convert capital into hard currency, decreasing the effectiveness of the interest rate drop (even leaving aside the problem of large amounts of money disappearing from the economy).

A mostly cashless society, argues Professor Rogoff, would allow central banks to dramatically cut interest rates in times of severe crisis without this chaos.

 http://www.zerohedge.com/news/2016-11-28/aussie-media-push-globalists-cash-criminals-narrative

in the last year, several countries have, as a part of the War on Cash, began removing larger bank notes from circulation in order to force people to perform all economic transactions through the banking system, assuring that the banks would gain total control over the movement of money.

These are the last of the good old days.

Of course, the banks could not admit their true goal to the public. They instead used the governments to claim that the measure was being undertaken to restrict crime (money laundering, drug deals, black marketing, terrorism, etc.)

Recently, without any fanfare, ATM’s in Mexico have ceased issuing the 500 peso note US$24). The largest note is now the 200 peso note (US$10).

At about the same time, Citibank in Australia declared that it will no longer accept coins or banknotes.

India has joined those countries that have done away with larger notes. They did so quite suddenly and the effects are already being felt by the Indian people. The elimination of the 500 rupee and 1000 rupee notes has, wiped out 1 billion Indians and their personal wealth.

A problem with the removal surfaced immediately when people using ATM’s were withdrawing far more notes than ever before in order to have enough cash to function normally. The ATM’s were quickly being emptied of the smaller denominations. The people of India cried foul, as 88% of all money in circulation had vanished from the system overnight. The limit for withdrawal per day is 2500 rupees (US$37) – which for some is sufficient to pay for daily expenses, but is most certainly not sufficient to carry on a business or facilitate larger transactions.

Although deliveries of notes to the ATM’s has increased, the banks simply cannot make up for the sudden loss of 88% of the nation’s money. Not only can the delivery trucks not meet the demand, the machines cannot store the volume of notes needed.

The result has been a complete breakdown of commerce. With millions of people beginning each day with insufficient funds to function, one bi-product of the money shortage is that over 9.3 million trucks have simply been abandoned by their drivers. (Nearly two thirds of all freight in India moves by road.)

When those who make the decisions in banking and government try to game the system one time too many, dysfunction sets in and the “soldiers” – the countless minor participants in the system – simply walk away.

The lesson to be learned here is that, in all countries where a War on Cash is being destructively waged, the end will not be a positive one. The people of each country will increasingly become unable to function normally, as in Greece, where there have been riots due to the banking squeeze. Banks and governments have colluded to tie up wealth in order to have their hands on as much of it as possible, as they grow nearer to economic collapse. As the situation drags on, their intent is becoming ever-more transparent to those who have to suffer the difficulties caused by the squeeze.

These are “the good old days”. The direst events to come have not yet begun to surface.

As I’ve mentioned in past articles, the problem reaches its nadir when trucks that move the country’s food come to a halt. As long as sufficient food remains available to us, we treat it as just another commodity. But unlike clothing, hardware, vehicles, etc., when our source of food is cut off, even for a very short period, we become frightfully aware that its level of importance is far beyond that of any other commodity.

The average person abandons his moral inhibitions after three days without food. After this time, an otherwise morally responsible man is literally prepared to kill his neighbor for a loaf of bread.

However, it’s ironic that the War on Cash problem is most pronounced in what was called “the free world” only two generations ago. Many of those countries that we’ve come to regard as being both prosperous and “safe” are becoming less so with great rapidity.

Small wonder, then, that an increasing number of people are exiting these once-choice jurisdictions and seeking those that are not similarly in economic decline. Although we cannot predict how far the elimination of cash will spread, the further you are from the epicentre of the problem, the greater your chances of coming out with your skin on.

One after another, more and more countries - under orders from the central banks and in collusion with the IMF and CFR - will ban cash outright, forcing everyone into electronic banking or die.

At that moment, the Bible passage in revelations becomes true. To eat, to do commerce, to live...you must take the mark of the beast. Already, imprinted just underneath the topcoat of all credit cards is 666, visible with a black light.

We are very close. 

The only people surviving in cash bans are those that stored food and precious metals to trade with. Everyone else is terrified and melting down en masse.

These are dark times...

...and the last of the good old days.

source material from Sprott money

Banning cash is the creation of the Ultimate total control police state

Remember the 500 EURO BILL???????
Banned and nobody cared enough to stop it.
 
After that, soon, the 100 euro bill will follow...

and the 50 euro bill...

they actually already told us this. Until only the 20, 10 and 5 remain for small payments. Trillions in cash will be made worthless and banks the world over will get increases on their books for debt based fiat instruments, we know as fractional reserve.
EXACTLY what is happening in India.

But when it happens over there it starts to matter?

In 2017, the US plans to eliminate the 100 and replace the 20 with the Tubman 20. And no one is saying anything, doing anything, about it.

This is the endgame of going off the gold standard worldwide in 1933. It was to get us here, WITH A GLOBAL ECONOMY.

Real money, stolen from us by Central Banks

Under Sharia Law, Christians are crucified as is done hundreds of times a day in ISIS controlled territories backed by the CIA and Hillary

SJWs want globalism for everyone, OR ELSE

And led by fanatical lesbian feminist witches practicing gynocentrism

India's CASH BAN, done on OUR ELECTION NIGHT, is the pretest of a CASH BAN IN THE USA

When you take away the cash of anything over one dollar US in a country with 1 billion people and where 97% of all transactions are cash based...AND DO IT ON THE US ELECTION NIGHT...then you know why INDIA and why ON THAT DATE.

That's our warning and our outcome.

Get prepared.

Because Indians cannot buy food, gas, pay bills, or employees any more and hundreds of millions are starving, dying, and have no way to pay for anything. All their life's savings were wiped out.

Only Indians who bought gold in ANY form had a hedge against this NWO plan to make everyone poor and destitute