Commodity Trade Mantra

Posts Tagged ‘Use of Cash’

How to Subvert Public Resistance Against Elimination of Cash - IMF Tells Governments

The IMF has published a Working Paper on “de-cashing”. It advises governments who want to abolish cash against the will of their citizenry. Move slowly, start with harmless seeming measures, is part of that advice. The de-cashing process could build on the initial & largely uncontested steps, such as the phasing out of large denomination bills, ceilings on cash transactions, etc.

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 Authorities are restricting the amount of cash that can be withdrawn from banks & limiting what can be purchased with cash.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.

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