With central bankers losing credibility left and right, and failing outright to boost the “wealth effect” no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a necessary and sufficient condition to a regime of global NIRP.
And while in recent days we have seen op-eds by both Bloomberg and FT urging the banning of cash, the most disturbing development we have seen yet in the push for a cashless society has come from the following slide in a Morgan Stanley presentation, one in which the bank’s head of EMEA equity research Huw van Steenis, pointed out the following…
Well sure, what is not to like if your a bankster and the state. Complete control of all money, and you get to charge people for stealing it from them.
It would be the end to all wealth accumulation. Period.
Unless, of course, you are one of the elite…
So where do they want to mark you with the account number? Hand or forehead?
We will know, soon…