THOSE crisp notes in your pocket? They’re not safe. The war on your cash is heating up with the prediction of a “disturbing threat”.
BIG Brother is coming for your wallet.
From expiry dates on $100 notes and cash payment limits to tracking chips, internet snooping and now central bank-issued digital fiat currency, the battle plan for the war on cash is taking shape.
With the federal government’s Black Economy Taskforce set to hand down its final report next month, the head of the corporate watchdog has weighed into the debate with an ominous prediction.
Speaking to the The Australian Financial Review on Monday, ASIC chairman Greg Medcraft predicted traditional bank accounts may be unnecessary within a decade as central banks begin issuing their own Bitcoin-style digital fiat currency.
Big Government got rid of large denomination bills in India...only a matter of time before it starts in other countries.
The War On Cash....that is a new one on me although it makes sense.
Few people realize that this went over for the past 100 years. Since the formation of the central banksters, the purchasing power of the USD is down over 90%. People stew about taxes without realizing that they have, in effect, a 2% tax increase by the Fed in the form of inflation. What is scary is this is the Fed's mandate...Congress told them to do it.
I am sure it is the same in the rest of the world where the bankers are in control.
If you are interested I recommend the book "The Road to Ruin" by James G Rickards which outlines global elites plan for the war on cash. He is not a bitcoin fan though :-), gold is his preferred insurance.
Yeah I followed Rickards blog for a long time....he is a total gold bug.
He is a very knowledgeable guy.