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sam_site
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The “war on cash” has nothing to do with fighting crime

- Steve Saville - Speculative Investor

While your points are valid, you should remember that in the 2008 crisis, there was a run on CD redemptions and that could have led to a stampede to withdraw bank deposits.

The globalist's worst nightmare is a bank run because that starts a contagion of loss of confidence only because paper cash makes up only about 1% of the money in circulation so therefore we would have long lines, bank holidays and stalling tactics that would only heighten the panic.

When the banks run out of cash, it won't be long until the public discovers that any FDIC insurance just got hoovered up by Citibank's $300T in derivative loss coverage. Our corrupt government placed them at the front of the payout window in 2013 ahead of the public.

Of course there's only about $300B in FDIC insurance to cover $11T in bank deposits, so Citibank will never see an FDIC bailout, nor will depositors. It's just the principal of it that will enrage the public when everyone gets screwed together.

Look at India. By eliminating the 1000 ($15) and 500 ($7) rupee note India's bankers just made it much more difficult to empty one's bank account when only $1 notes are available.

Like in 1932, bank runs are coming and it's going to be a big shock to everyone that the bankers stole everyone's money again.

Commented 2640 days ago

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Beginning of the headline :Don’t be hoodwinked by the relentless propaganda into believing that the efforts being made to eliminate physical cash are motivated by a desire to reduce crime and corruption. Fighting crime/corruption is just a pretext. The logic behind the propaganda goes like this: Criminals often use physical cash in their dealings, therefore cash should be eliminated. This makes as much sense as saying: Criminals often use cars, therefore cars should be banned. From an ethical standpoint, the fact that cri... Read More

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