Commodity Trade Mantra

Posts Tagged ‘Digital Cash’

The War On Cash: Why Now? What Does It Mean?

A war on cash means, governments are limiting the use of cash & a variety of official-mouthpiece economists are calling for the outright abolition of cash. Authorities are restricting the amount of cash that can be withdrawn from banks & limiting what can be purchased with cash. Who ultimately benefits by this war on cash? Government & central banks – pure and simple.

The War On Cash: Officially Sanctioned Theft

Why are governments suddenly declaring war on cash, the oldest officially issued form of money? Governments say – Physical cash has the potential to evade both taxes. The real Reason: Physical cash can evade officially sanctioned theft via bail-ins and negative interest rates. In short, physical cash is extremely difficult for governments to steal.

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