Who's to be Blamed for Getting Rid of Cash?
You can be certain that TPTB won't point the finger at the banks or themselves. When the war on cash is mentioned publically, the reasons are that they want to:
- Make it more difficult for drug cartels to launder money.
- Make it more difficult to finance terrorism.
Those illegal values are so small that it's nothing more than a rounding error for the banks in how it will strengthen their balance sheets and the total value that a cashless society would bring to them. It's a classic case of misdirection to minimise push-back from the public.
In summary, a cashless society is just an extension of Keynesian monetary policy, which to date has proven to be spectacularly unsuccessful, as evidenced by the deterioration of the western financial and economic system. The war on cash is also an extension of the increasingly Orwellian control and powers being acquired by TPTB, at the ongoing expense of personal liberties and freedoms of the 99.9%.
This war against cash is yet another argument in favour of people purchasing and accumulating physical gold and silver bullion, and storing it outside the banking system.
Article by: James S Gibson
Date of article: 27 July 2015
Please note that none of the content within any articles on the GoldVu website are offered as investment advice and should not be construed as such.