Dystopian fiction abounds with tales of heroes having their electronic cash shut off or being tracked via their electronic transactions. It happens in the real world too.
Bank closures separating fools from their money have happened repeatedly throughout history, including very recent events chronicled here. What they glibly call “bank holidays” are exactly that: the banks take days or weeks off while those who entrusted their money to the banks get no access to their savings and earnings.
What often happens after massive bank shutdowns is a re-opening with the money being worth less or actually just less of it.
More than a bit disconcerting is the number of people willing to have their personal wealth converted to a tool of the rich and powerful. Not only entrusting the banksters with all of their earnings, but also allowing complete conversion to electronic-only access. Goodbye pocket change. Goodbye financial security.
Allowing a central bank to print or electronically create unlimited copies of the money you earned is also a recipe for having your wealth stealthily stolen … and in fact has allowed the Feral Reserve silently steal 98% of the value in US dollars since they took over the printing presses in 1913… and they are just warming up having doubled the amount in circulation in the last 8 years… at an accelerating pace.
Today brings news that another bankster is pushing the end of tangible cash agenda. Keep in mind that with three exceptions ALL of the banks in the world are Rothschild owned directly or indirectly. What one says, they all intend.
I recommend you figure out a plan B.
Norway’s Largest Bank Proposes a Raid on Cash
from Mises.org, by Joseph T. Salerno
Norway’s largest bank, DNB, has joined the relentless campaign by governments and big banks the world over to abolish cash, the physical embodiment of a nation’s monetary unit and the last tangible, if tenuous, link to the 19th-century gold standard. Almost all of today’s national currency notes, notably excluding the euro, originated as claims to a definite weight of gold (or silver). Predictably, a DNB spokesman justified its proposal to completely eliminate the use of cash in favor of digital checking accounts by claiming that the abolition of cash would reduce crimes such as money laundering:
Today, there is approximately 50 billion kroner in circulation and [the country’s central bank] Norges Bank can only account for 40 percent of its use. That means that 60 percent of money usage is outside of any control. We believe that is due to under-the-table money and laundering. There are so many dangers and disadvantages associated with cash, we have concluded that it should be phased out.
Note the ominous implication of this absurd statement: any large or even moderate-sized financial transaction that people manage to keep private must involve criminal activity. Indeed, in 2013, a Norwegian man had his home ransacked by police after he purchased a PC, TVs and a washing machine for 80,000 kroner in cash from an inheritance he had received.
DNB suggests that the first step in implementing its program to abolish cash is to get rid of the 1,000 kroner note (worth about $114 at the current exchange rate). The aim of progressively withdrawing larger denomination notes from circulation is, of course, to make cash payments less convenient and to habituate the public to paying for even small transactions electronically. DNB and the second largest bank in Norway, Nordea, have already stopped handling cash in their branch offices.
What is the real reason for the all-out war against goal by government bureaucrats and their crony banksters? The answer, according to Zero Hedge, is chilling:
The answer appears to be that the banks and government authorities are anticipating bail-ins, steeply negative interest rates and hefty fees on cash, and they want to close any opening regular depositors might have to escape these forms of officially sanctioned theft. The escape mechanism from bail-ins and fees on cash deposits is physical cash, and hence the sudden flurry of calls to eliminate cash as a relic of a bygone age — that is, an age when commoners had some way to safeguard their money from bail-ins and bankers’ control.