The ban on cash is coming. Soon.

Dollar-Tack-trap

by Simon Black

This is starting to become very concerning.

The momentum to “ban cash”, and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam.

On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note.

Yesterday, former US Treasury Secretary Larry Summers published an op-ed in the Washington Post about getting rid of the $100 bill.

Prominent economists and banks have joined the refrain and called for an end to cash in recent months.

The reasoning is almost always the same: cash is something that only criminals, terrorists, and tax cheats use.

More…

      
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Philip
Philip
8 years ago

then we will need to entering into a bartering system and gold/silver as forms of payment, and tell the government and there banking whores to drop dead.