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ranbotrader
Member since May 2012
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Should Cash be Abolished?

- Frank Shostak -

"It is held that cash provides support to the shadow economy and permits tax evasion."

Are you kidding? Evading taxes? Multinationals and rich citizens around the planet already do that legally with their puppet governments looking the other way. Multinationals are permitted to export their profits to low or nil offshore tax havens and rich individuals are now doing the same.

The problem with the above nonsensical statement dressed up as a logical argument is that the rich are engaged in Class Warfare with ordinary citizens and intend to extract every last dollar out of ordinary people whilst at the same time avoiding the real tax system for themselves and their big business financial interests.

Your 'esteemed' economic commentator appears to be little more than another mouthpiece of the wealthy running their propaganda to enslave populations. The wealthy are their prospering whilst abusing everybody else.

24 Hour Gold should be ashamed to run this blatant propaganda BS. So who is paying your way......?

Commented 2636 days ago

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Beginning of the headline :At the World Economic Forum in Davos Switzerland, Joseph Stiglitz the Nobel Prize-winning economist argued in favor of phasing out currency and moving toward a digital economy.The view expressed by Stiglitz is similar to that of former IMF chief economist Kenneth Rogoff who has been arguing for many years that there is an urgent need to remove cash from the economy. It is held that cash provides support to the shadow economy and permits tax evasion. Some estimates suggest this could be up to $70... Read More

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