The war on currency has been up in the air for a very, very long time, but the indoctrination campaign to influence an always easily fooled public to agree to the scheme appears to have been hatched in earnest late last spring. To illustrate, here are a few fragments from the article, Martin Armstrong Reports on a Secret Meeting in London to Ban Cash:
Martin Armstrong said at the time:
I find it extremely perplexing that I have been the only one to report that there is a secret meeting in London where Kenneth Rogoff of Harvard University and Willem Butler the chief economist at Citigroup will address the central banks and advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval. When I Googled the issue to see who has picked it up yet, to my surprise Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as the Central Bank of Nigeria, but I have yet to find reports on the meeting taking place in London when my sources are direct.
Other newspapers who have covered my European tour have stated that the “crash” of which I speak is the typical stock market rather than in government. What is concerning me is the silence on this meeting where there are more and more reports about a cashless society would be better.
If we look at the the turning points on the ECM, yes they have been to the day when there has been a concentration of capital in a particular market. However, it has also picked the turning points in political decisions such as the formation of the G5 with 1985.65, the very day Greece asked for help from the IMF in 2010, to the day of 911. What we better keep one eye open for here at night is this birth of a cashless society coming in much faster than expected. Why the secret meeting? Something does not smell right here.
To which I put in my own two sense:
In the imagination of an economic tyrant, banning cash signifies the holy grail. Forcing the sheep onto a system of digital fiat currency transactions provides total control by means of a seamless tracking of all transactions in the economy, and the capability to block payments if an uppity citizen dares get out of line.
So, today the world had the regrettable encounter of its attention being turned toward the detrimental and authoritarian mindset of none other than Larry Summers. Bloomberg reports:
Ex – U.S. Treasury Secretary Lawrence Summers pressed countries around the world to agree to end providing high-denomination banknotes, incorporating his voice to intensifying criticism of a practice claimed by law enforcement to ease crime and corruption.
Summers’s call coincides with a review by the European Central Bank of its 500-euro ($558) note, whose future currently appears increasingly uncertain. President Mario Draghi repeated this week that the institution was contemplating withdrawing the euro area’s most valuable bill to prevent aiding criminals.
“Even better than unilateral measures in Europe would be a global agreement to stop issuing notes worth more than say $50 or $100,” Summers stated on his blog on Tuesday. “Such an agreement would be as significant as anything else the G-7 or G-20 has carried out in years.”
For now, “I’d guess the idea of removing existing notes is a step too far,” Summers published. “But a moratorium on printing new high-denomination notes would make the world a better place.”
To begin with, why is this discredited buffoon still paraded around everywhere as if he’s an authority on anything other than hubris and ineptitude? The truth that fossils like Larry Summers still have such a prevalent voice amongst world leaders is exactly what Americans are revolting against in their service of Trump and Sanders.
Secondly, the amazing paradox in all of this is that while banning cash would simply make life inconvenient for petty criminals, it would making government economic tyranny and elitist theft exponentially less complicated. Crime in opposition to average folks would blow up as a result. It reminds me of the quote attributed to Aesop:
We hang the petty thieves and appoint the great ones to public office.
Strangely enough, it seems Monopoly is ahead of the curve on this one. Without a doubt, while I first noticed Monopoly move to “electronic banking” over 3 years ago, the board game’s latest version which will be released this summer, takes it to a whole new level.
As Gizmodo notes:
Is there anything worse in a game of Monopoly than thinking you’ve bankrupted another player only to discover they have a secret stash of cash hidden away? That’s no longer an option with the new Monopoly Ultimate Banking edition that uses a tiny ATM to keep track of every last financial transaction.
It’s not the first time that Hasbro Gaming has tried to speed up the game of Monopoly by replacing cash with credit cards and an electronic banking unit. But ironically the company’s past efforts actually slowed the game down because players had to manually type in dollar amounts on an awkward keypad.
But the compact banking unit in the Monopoly Ultimate Banking edition is able to quickly scan not only each player’s credit card, but all of the individual property and chance cards in the game which now include special bar codes on them.
The latest version of the game, which will be available in the fall for $25, also mixes things up with new chance cards called Life events that can cause rents across the board to fluctuate, or other sudden financial changes that are really only easy to implement thanks to the game’s much-improved electronic ultimate banking unit.
Take notice of the line “or other sudden financial changes that are really only easy to implement thanks to the game’s much-improved electronic ultimate banking unit.”
You understand, like negative interest rates and deleting your entire bank account without warning, as an example.
“Ultimate” banking without a doubt. As the game’s cover indicates, the idea is to “own it all,” and they are not talking about you.
Oh, and do not believe they are not coming for Bitcoin as well. As Andreas Antonopoulos observed:
Government say they are worried that criminals will use bitcoin.
In truth, they are terrified that all the rest of us will.
— AndreasMAntonopoulos (@aantonop) February 16, 2016