The War on Cash

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Samyaza Lovatt
Posts: 17

The War on Cash

Postby Samyaza Lovatt » Tue Oct 03, 2017 7:45 pm

[This is a report I wrote a little while ago, the original thread is here: ... ?reverse=1
Hooded Cobra please get me back to me about archiving this in the library.]

While the fakestream media has been distracting you with the Charlottesville riots, here is something far more sinister that they aren't reporting on: the war on cash. Each year we are getting closer and closer to a cashless society. In the UK over half of all payments in 2015 were cashless and many EU countries have
capped the amount that can be legally paid in cash. Central banks, governments and regulatory authorities promote the cashless society by highlighting some advantages of it such as efficiency and crime fighting, but they never mention the costs of creating a market structure in which private transactions become fully public and traceable as transaction information is databased. The cashless model removes anonymity of using cash in private transactions and electronic accounts can easily be expropriated (meaning the state steals it from you to fund something).

Cashless accounts also represent a significant risk of cyber attacks and cyber crime, such as skimming - when your card is physically scanned by a thief. Of course, they know this but they're hoping that you don't so as to suck you into the lie. The push towards a cashless model is driven by 1) Globalist agenda of crony capitalism: total control over private wealth and incomes 2) Expanding Big Brother's surveillance power. A fully electronic payment system gives banks a goldmine of data to snoop on you, effectively it gives them the ability to conduct free market research.

Who else will be able to know what you spend your money on? Government agencies and large corporations will certainly have access to this data as well and it is important to know how they can profile and discriminate against you based on your purchasing habits. Do you buy cigarettes and alcohol? Get ready for your health
premium to be bumped up. Do you subscribe to right wing news media? Get ready to be profiled as a "white supremacist" or some shit [1].

Visa - the largest credit card processor in the US - recently announced its new Cashless Challenge program which offers $10,000 to restaurants willing to transition into accepting only digital payments. It has also officially declared war on cash. Under the guise of increasing transparency and efficiency it has partnered with governments around the world to help convert financial systems into cashless models but their real reason is to capitalize on the billions of dollars in transaction fees that this would generate, as they are free to dictate such fees. In a cashless society they are also free to dictate interest rates - those rates are very low for investors but extremely high for credit card holders. There is also nothing stopping them from implementing negative rates: charging people money for storing their money in a bank which people will have no choice but to submit to if use of cash is abandoned [2].

In 1988 the economics magazine The Economist predicted that by 2018 the world's fiat currencies would be consolidated into a worldwide electronic currency. Quote: "THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century. At the beginning of 1988 this appears an outlandish prediction" [3]. Time has shown this prediction to be not at all outlandish. It is spookily accurate. And you can guarantee that (((The Rothschilds))) and other jew plutocrats have long wanted it.

Not only do they want total control to monitor everyone's transactions on a global scale, and bring everyone's money tightly under their control, they also want control over how much money everyone gets. Recently jew globalist (((Mark Zuckerberg))) espoused a global communist world order which gives everyone a "universal basic income". This is just free money that is handed out to everyone. He proposes this likely because, being a silicon valley mogul, he is aware of how many professions are threatened by technological automation and that unemployment rates may skyrocket in the fairly near future, although this is a different subject.
He dresses this up in the guise of wealth equality, but he is clearly a globalist and globalists are criminal bastards so I don't for one moment believe that he has genuine humanitarian reasons behind this [4]. The best way to control people is to make them dependent on you. And what do you think they will do if you defy their new world communist order? They will cut off your "universal basic income" and make you financially destitute.

It has been known for some time that the globalists want to institute a microchip that can transfer money electronically. In 2007, Aaron Russo, a former friend of (((Nick Rockefeller))) blew the whistle on this and reveals that he was told first hand of the globalist plot to have everyone in the world implanted with an RFID microchip [5]. HP Don Danko posted about this a while ago in "The Jewish Forced March to the Microchip" (link: ... ssages/684) as he said: "such a chip will have everything from GPS tracking to the ability to manipulate emotions and memories by electric pulse waves. And even a literal kill switch if you rebel. This gives them total control forever." Electronic money will also be transferred by those chips. If the jew power elite get their way, there will be a day in the not too distant future where you will have to have a microchip implant or you won't be able to buy anything. And if you can't buy anything, you're as good as dead. The first wave of microchip implants is already coming in. Very recently a US technology firm called Three Square Market begun implanting microchips the size of a grain of rice in its employees which allows them to pay for snacks and other functions [6].

This is relevant to the brewing WW3 situation as the globalists want to take advantage of a good crisis in order to institute an electronic currency. Christopher Greene of AMTV (Alternative Media Television) posits that the US needs WW3 to support the crumbling US dollar and protect the "petrotrade" (oil being exchanged in US dollars) [7]. The globalists want a major war to obliterate resistance of countries trying to break away from the
control of the dollar such as BRICS (Brazil, Russia, India, China and South Africa). Russia, for instance, has already prepared to dump the US dollar for gold [8] and they know their economic control is slipping. North Korea is also one of only 3 countries in the entire world that does not have a Rothschild controlled central bank
(that list used to be longer until the US' occupation of the middle east). Then they will rebuild the world economy with the worldwide electronic currency and this will give them total control forever. There is surely more to the WW3 angle than this, but the geopolitics of that issue goes beyond the scope of this post.
If anyone has some more commentary on the North Korea situation to add to this, this would be a good place to share it.

Something I want to add is the religious significance of the microchip. In his book Big Brother: The Orwellian Nightmare Come True author Mark Dice associates the microchip with the "mark of the beast" in christian theology. Quote: "Most people have heard of the mark of the beast, which is what Christians believe will be some kind of device forced onto society by a world dictator called the Antichrist who claims to be God and the Messiah. It is often thought of as some kind of an electronic currency that may take the form of an implantable RFID microchip or tattoo on the hand which will replace cash, checks and debit card and can then track and trace every purchase every person makes anywhere in the world. The last book in the Bible, titled the Book of Revelation which was written approximately around 68 AD to 95 AD, makes a chilling reference to such a device. 'And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads and that no man might buy or sell, save that he had the mark or the name of the beast, or the number of his name".

He then states that many christians see the microchip as this prophecy coming into fruition. In a way they may be right but we know that biblical prophecies have no power by themselves and that they are only given power by the participation of the mass mind. Also the "Antichrist" he refers to is really the long awaited second coming of the jewish messiah. Through believing in the bible and memorizing parts of it, billions of people over centuries have unknowingly directed their energies towards making them happen. Indeed, this prophecy seems to be manifesting in reality. It's quite the coincidence that HPS Maxine posted the ritual to end jewish financial control at about the same time that the enemy globalists ramped up their war on cash... Actually it's probably no coincidence. That ritual has the power to save the world from this nightmare.


[1] Gold Seek, 2016. Cashless Society - War on Cash to Benefit Gold? Available:

[2] The Anti Media, 2017. Banks Are Scheming to Dominate a Future Cashless Society. Available:

[3] Washingtons Blog, 2016. Cashless War Intensifies During Global Apocalypse. Available: ... lypse.html

[4] Mark Dice, 2017. Mark Zuckerberg: Free Money for Everyone - "Universal Basic Income". Available:

[5] Aaron Russo, 2007. Nicholas Rockefeller admitted the elite's goal is a 100% microchipped and enslaved World population. Available:

[6] The Telegraph, 2017.US technology firm to implant 50 employees with identification microchips. Available: ... icrochips/

[7] Christopher Greene, 2017. What You Need to Know About North Korea NUCLEAR STRIKE. Available:

[8] CS Globe, 2017. Russia Preps for Epic Split With Global Banking Cartel by Dumping US Dollar for Gold
Available: ... llar-gold/

HP Mageson666
Posts: 2431

Re: The War on Cash

Postby HP Mageson666 » Tue Oct 03, 2017 10:16 pm

Capitalism has always been the religion of the jews. Its the torah applied to economics.

Posts: 483

Re: The War on Cash

Postby StraitShot47 » Tue Oct 03, 2017 11:11 pm

The IMF is pushing this non stop. They want the private sector to go first, and then the public sector will just follow suit.

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Re: The War on Cash

Postby patbona63 » Sat Feb 24, 2018 9:50 pm

HP Mageson666 wrote:Capitalism has always been the religion of the jews. Its the torah applied to economics.

So true! And even true during the URSS : state capitalism is still capitalism, and still in the hands of the Jews.

I dream of a society where no human is left behind, with basic needs covered (roof, food, education) and where people raise in that society based on merit alone. A society where leaders do not screw people but where they try to improve them. But before we must surely get rid of the Jews and their allies.

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Re: The War on Cash

Postby patbona63 » Sat Feb 24, 2018 10:15 pm

Going all the way to the "everything electronic" is very dangerous also because mother nature can (and will) render our electronics devices useless some time. The only thing needed is a huge solar eruption and this can happen. After all even if we are 150 million km from the Sun, it is a 1.392 million km diameter nuclear fusion reactor... ... gton-event

Samyaza Lovatt
Posts: 17

Re: The War on Cash

Postby Samyaza Lovatt » Sat May 19, 2018 7:41 pm

I've been paying attention to this issue since I wrote this thread and it is time for an update on it. This one goes into some history about the dollar, why it's important and how North Korea, China and Russia factor into the World War 3 scenario.

China has offically begun dumping the petrodollar. It has opened a domestic market for oil trading called the Shanghai International Energy Exchange which allows buyers to lock in oil prices and pay in local currency - this is very significant considering that China is the world's largest oil consumer as of last year [1]. For now, trading with futures contracts will wrest some control over pricing from the main international benchmarks which are based on dollars. Years from now this will likely replace the petrodollar as denominating oil contracts in yuan would promote the use of that currency in global trade. A futures contract is a standardized exchange traded contract in which a buyer and seller agree a specific quantity of crude oil (e.g. 1000 barrels) at a set price on a future delivery date [2].

In the previous post I didn't explain clearly what the petrodollar is and why it matters so let me do that now. Storm Clouds Gathering has an excellent analysis on the history of the petrodollar and its implications in the WW3 scenario.

Background About the Petrodollar

The petrodollar goes back to 1945 when the Bretton Woods Agreement established the dollar as the world's reserve currency which meant that commodities traded in international markets were priced in US dollars. Originally this was a gold standard whereby dollars were redeemable in gold. The US promised to not print much money but the Federal Reserve refused to allow any auditing or supervision of its printing presses, guess why. Because they were printing far more than the country had in gold and the US' expenditures in the Vietnam war made this clear. Thus other countries began to ask for their gold back and this set off a rapid decline in the value of the dollar. In 1971 France attempted to withdraw its gold and Nixon refused. This was a permanent default on that debt and an act of theft. In 1973 President Nixon asked King Faisal of Saudi Arabia to accept only US dollars as payment for oil and to invest any excess profits in US Treasury Bonds, notes and bills [3].

In return Nixon offered military protection for Saudi oil fields - this offer was also extended to each of the OPEC (Organization of the Petroleum Exporting Countries) nations. (OPEC is an intergovernmental organization for oil markets). By 1975 every member of OPEC had agreed to sell oil only in US dollars. Thus the dollar was tied to oil rather than gold. This forced every oil importing country in the world to maintain a constant supply of Federal Reserve paper and to get that paper they would have to send real physical goods to the US. This was the birth of the petrodollar. The US sent paper dollars out, got everything it needed in return and became extremely rich as a result. It used the wealth generated by this financial con to build the most powerful military in the world [3].

Resistance to the Petrodollar

The first act of defiance against the petrodollar was when Saddam Hussein announced his decision to trade Iraq's oil in Euros in September 2000. This was a direct attack on America's economic hegemony and was not going to be tolerated. In the same month that Saddam made this announcement an organization called "The Project for a New American Century" released a document titled "Rebuilding America's Defences: Strategy, Forces and Resources for a New Century" [4]. The key findings summary of the report established four core missions for the US military:

1) Defend the American homeland. On this point the report reads (page 6) "... the United States also must counteract the effects of the proliferation of ballistic missiles and weapons of mass destruction that may soon allow lesser states to deter U.S military action by threatening U.S. allies and the American homeland itself. Of all the new and current missions for U.S. armed forces, this must have priority". This is about the lie that Saddam had weapons of mass destruction which was used to justify invasion of Iraq. It may also refer to introducing Orwellian laws under the guise of national security as the Patriot act was introduced shortly after.

2) Fight and decisively win multiple, simultaneous major theater wars. This is about the ongoing and fraudulent "war on terror" which still today has not ended.
3) Perform the "constabulary" duties associated with shaping the security environment in critical regions. This calls for expanding US military presence worldwide
and most pertinantly, regaining control of Iraqi oil fields. After the invasion of Iraq, Iraqi oil sales were immediately switched back to the dollar. It is also likely about wresting control of opium fields away from the Taliban and back into the control of the US so that the CIA could continue to import drugs into America, but that goes beyond the scope of this thread. 4) Transform US forces to exploit the "revolution in military affairs". This refers to advancing weapons technology but is irrelevant here [5].

The text contains an ominous and often quoted statement (on page 51) : "Further, the process of transformation, even if it brings revolutionary change, is likely to be a long one, absent some catastrophic and catalyzing event – like a new Pearl Harbor". 9/11 happened about a year later. Also bear mission no.2 in mind as you read this next bit.

In a well known interview retired General Wesley Clark states that he was visiting the Pentagon shortly after 9/11 when he spoke to a former colleague who told him that the US had made the decision to go to war with Iraq but didn't know why. He goes on to say that he went back to see this person a few weeks later and by then the US was bombing in Afghanistan. Whoever he was (Clark never revealed his name most likely to protect him) showed him a memo from the Secretary of Defence's office describing how the US military was going to take out 7 countries in 5 years: Iraq, Syria, Lebanon, Somalia, Sudan and finally Iran. Most of this has come to pass [6]. The real reason why they declared war on Iraq is obvious: it had challenged the petrodollar. In the case of Syria and Lebanon, America and Israel jointly founded ISIS as a proxy military to take them down.

Soon after the invasion of Iraq the Bush Administration turned its attention to Iran; supposedly Iran was developing a nuclear weapon. However this was another lie just like Saddam supposedly having weapons of mass destruction and they were unable to gather enough support for an invasion. But the war mongering campaign against Iran continued. The reason why is that since 2004 Iran has been developing its own independent oil bourse and oil market which is designed not to be tied to the dollar [7,8]. The globalists weren't able to generate enough support for war with Iran so instead they used the UN to impose sanctions which damaged its economy but couldn't destablize the country [4].

After becoming chairman of the African Union in February 2009 Muammar Gaddafi proposed a unified currency for all African nations which would have
significantly increased their power in global affairs [9]. In March 2009 the African Union released a document which discusses the benefits of establishing an African Central Bank which operates under a gold standard policy and a framework for implementing it. The text is far too large to analyze here but on page 94 of volume 1 it states that the key to making it happen would be "the eventual linking of a single African currency to the most monetary of all commodities - gold" [10]. In 2011, anti government rallies began in Libya calling for Gaddafi to step down. As protests intensifed, the official narrative is that government forces began using lethal force against protestors. This provided the deep state with the pretext for military intervention.

A 2016 report from the House of Commons Foreign Affairs Committee titled "Libya: Examination of intervention and collapse and the UK’s future policy options" found that the threat posed to civilians from the Libyan government was drastically overstated [11]. It stated that Gaddafi regime forces targeted male combatants in a civil war and did not indiscriminately attack civilians. The investigation concluded that Western media coverage from the outset presented a very one sided view of the conflict, presenting the protests as entirely peaceful and repeatedly suggesting that the regime's security forces were massacring unarmed demonstrators, much like the trumped up charges against Saddam Hussein. It's well known that the rebels were largely comprised of Al Qaeda terrorists and were backed by the US.
Even a mainstream media outlet - the Daily Mail reports this.

This report confirms that the West and its allies directly supported and armed the rebels. It also states that Gaddafi offered to step down under 2 conditions: permission to keep fighting Al Qaeda and the lifting of sanctions against him, his family and those loyal to him but the Obama administration ignored this. This led to "extensive loss of life including four Americans" - one of whom was Christopher Stevens - the US Ambassador to Libya when Al Qaeda militants attacked U.S. diplomatic facilities in the city of Benghazi. This is known as the Benghazi incident [12].

The reason why they were pushing for regime change in Libya is clear: like Iran and Iraq it had dared to challenge the Petrodollar.

China, North Korea and Russia

The involvement of the Rothschilds should not be underestimated in all this. The Rothschilds are the wealthiest family on Earth. They own the central bank of every country in the entire world except for three: North Korea, Iran and Cuba. That list used to be longer. In 2000, four other countries were on that list: Afghanistan, Iraq, Sudan and Libya. They gained control over those countries by invading them under the false pretext of humanitarian intervention. With an unlimited amount of money and power, they could manipulate any country into doing this for them - they chose the US as their pawn to fulfil their plan of bringing those countries their economic control. But they couldn't admit their true intentions so they needed an excuse to do it - that excuse being 9/11. As a result of the US occupation of the middle east, both Afghanistan and Iraq's central banks are now under Rothschild control and have been 2003.
To bring Libya and Sudan under their control, they bribed key officials in the UN into changing decisions and interventions taken in certain countries including Sudan and Libya. By 2011, the central banks of both Libya and Sudan were under their control. North Korea, Iran and Cuba are their last targets. They attempted to befriend Cuba through Barack Obama in his time as president. But they are unable to befriend Iran and North Korea so they must resort to war in order to destroy their infrastructure and rebuild it with a Rothschild controlled central bank [13].

As for China, like I explained in the introduction, it has begun dumping the petrodollar and is preparing to introduce what they are calling the Petroyuan - oil being denominated in Yuan. As I've already established, when the globalists' economic power is threatened, their go to option is to start a major war, for nothing destablizes a country like war. The North Korea situation seems to be about that country receiving international condemnation for its nuclear testing program and this provided them with a convenient pretext to agitate for war which would likely result in world war 3 due to the chain reaction of events it would set off as Russia, China, North Korea, Iran and Syria are allies (on the other side of the conflict is NATO). Which is their goal just like in the last century when Adolf Hitler stood up to the jew bankers. But hopefully they won't get their way as diplomatic talks have been happening. Will those talks reconcile the situation or will they be sabotaged? I guess that's open for discussion. Anyway, they have turned their attention to China and Russia. The Pentagon has planned for a three front war with both of those countries.

In Asia, the U.S. and its key allies (South Korea, Japan, the Philippines, and Australia) are to face China across a line extending from the Korean peninsula to the waters of the East and South China Seas and the Indian Ocean. In Europe, the U.S. and its NATO allies will do the same for Russia on a front extending from Scandinavia and the Baltic Republics south to Romania and then east across the Black Sea to the Caucasus. Between these two theaters of contention lies the ever-turbulent Greater Middle East, with the United States and its two crucial allies there, Israel and Saudi Arabia, facing a Russian foothold in Syria and an increasingly assertive Iran, itself drawing closer to China and Russia [14].

Russia and China are strong allies as China is the world's biggest oil consumer and buys most of its oil from Russia. In October 2017, Beijing launched a payment system for transactions in Yuan and Russian rubles. The launch of the petroyuan means that these transactions will no longer have to be conducted in US dollars - national currencies can be used instead. The US will not tolerate this for two reasons: 1) the dollar's value depends massively on its use as an oil trade vehicle. If that goes away, we will likely see a strong and steady decline of the dollar's value. 2)The US government relies heavily on the geopolitical bargaining power and benefits provided by the petrodollar system. Since the petrodollar is backed by Treasuries, the federal government depends heavily on it to fund deficit spending (funds raised by borrowing rather than by taxation). Without the monetary support of the petrodollar, the U.S. government could soon find itself landed with an even bigger debt burden than it already has [15].

The BRICS nations (Brazil, Russia, India, China and South Africa) have also planned to establish a separate gold trading system. These nations are large economies with vast reserves of gold and precious metals. China and Russia are the world's two largest importers and consumers of physical gold. Their plan is to replace the dollar with a gold backed currency used in oil trade [16]. Now they want to destroy China and Russia just like they did to Libya, Iraq and tried to do with Iran (and are still trying to). This also explains why Killary "Bodycount" Clinton was agitating for war with Russia a couple of years ago and why they paid actor Morgan Freeman to deliver a speech promoting war with Russia, you may remember. They also want another major war in the middle east. HP Don wrote a thread about that issue a little while ago titled Chemical Weapons False Flag (link: ... ccounter=1) Recently they staged another false flag attack which was pretty much identical to the one they staged last year and blamed it on Assad. Soon they may conduct another false flag attack and blame it on China or Russia.

This news about removal of the petrodollar has come to light in the last 6 months, a little while after we begun doing the RTR to end jewish financial control. Their economic power is now threatened like it hasn't been since the years around the time of World War 2. However, they have succeeded in starting major wars to stop this before - they must not succeed again. Whether the plutocrats will replace the dollar with an electronic currency also remains a major concern. Part 3 of this series will be about Bitcoin and other electronic currencies and whether they can help free the world from jewish financial control...or not.


[1] Covert Geopolitics, 2018. Global Reset: China Offically Starts the Dumping of the Petrodollar.
Available: ... trodollar/

[2] Bloomberg, 2018. How China Will Shake Up The Futures Oil Market. Available:

[3] Storm Clouds Gathering, 2012. How the petrodollar drives US foreign policy. Available:

[4] Storm Clouds Gathering, 2014. The Geopolitics of World War III. Available: ... rld-war-3/

[5] Visibility 9/11. Rebuilding America's Defenses Strategy Forces and Resources for a New Century. Available: ... fenses.pdf

[6] Global Research, 2007. Global Warfare: “We’re going to take out 7 countries in 5 years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan & Iran...”
Available: ... -iran/5166

[7] Asia Times, 2006. What the Iran 'nuclear issue' Available:

[8] CBS News, 2008. Iran Ends Oil Transactions In U.S. Dollars. Available: ... s-dollars/

[9] New York Times, 2009. Qaddafi, as New African Union Head, Will Seek Single State. Available: ... .html?_r=0

[10] African Union Commission, 2010. Towards a Single African Currency. Available: ... lume_1.pdf

[11] Global Research, 2014. Libya War Was Based on Lies, Bogus Intelligence, NATO Supported and Armed the Rebels. British Parliamentary Report
Available: ... rt/5547356

[12] Daily Mail, 2014. Benghazi attack could have been prevented if US hadn't 'switched sides in the War on Terror' and allowed $500 MILLION of weapons to reach al-Qaeda militants, reveals damning report

[13] Cryptochat, 2016. The Rothschild Conspiracy Explained in 4 Minutes. Available:

[14] Mint Press News, 2018. The Pentagon Is Planning a Three-Front ‘Long War’ Against China and Russia. Available: ... ia/240100/

[15] NewsMax, 2017 How China Just 'Reset' the Global Monetary System With Gold. Available: ... id/812544/

[16] RT, 2018. BRICS consider setting up gold trading system. Available: ... de-system/

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Re: The War on Cash

Postby patbona63 » Wed May 23, 2018 12:40 pm

Excellent analysis, it's exactly what is going on.

HP. Hoodedcobra666
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Re: The War on Cash

Postby HP. Hoodedcobra666 » Wed May 23, 2018 4:50 pm

Put these in PDF so we can get the to the library if you want. If you do, say it on the reply.

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Re: The War on Cash

Postby sip » Thu May 24, 2018 5:07 am

Thank you for this.

Samyaza Lovatt
Posts: 17

Re: The War on Cash

Postby Samyaza Lovatt » Sat May 26, 2018 2:48 am

patbona63 wrote:Excellent analysis, it's exactly what is going on.

Thank you.

HoodedCobra666 wrote:Put these in PDF so we can get the to the library if you want. If you do, say it on the reply.

Ah, HoodedCobra, I'm glad you replied. Yes I definitely, 100 percent want this work to be archived in the library. If you remember the last time we spoke, I sent part 1 to you. Check this thread if you need a reminder ... pics/10654

I sent it to the email address [email protected] - is that correct? If not then tell me the email address you want it sent it to and I will send both parts to you right away.

Posts: 483

Re: The War on Cash

Postby StraitShot47 » Thu May 31, 2018 11:52 am

The Fed is dropping the goal for 2% inflation, temporarily; ... eriod.html

Good ol' Jerome is in way over his head.

I honestly don't know if dropping this goal will hurt us or help us, because inflation has been "supposedly" lagging anyway.

Samyaza Lovatt
Posts: 17

Re: The War on Cash

Postby Samyaza Lovatt » Sat Aug 18, 2018 12:59 pm

Some good news, the EU has backed off its war on cash. Quote from this article ... m=facebook:
"In a report to the European Parliament and Council on the viability of EU-wide cash payment restrictions, the Commission made three crucial observations:
1. Cash restrictions would have little effect on terrorist financing.
2. Cash restrictions could be useful in combating money laundering but are of limited help against tax fraud.
3. There is no appetite among the European public for EU-wide cash limits."

It concludes that no legislative initiative is needed at this stage, so it has pressed the pause button on the war on cash, for now at least.

And from this one ... ton-china/

The backlash against the war on cash has also reached Washington and China. Studies conducted on the subject show that the movement to remove cash is very unpopular - people don't want to stop using cash and rightly so. In Washington D.C city councillors have introduced a bill that would make it illegal to decline cash payments or charge a different price for those paying in cash. Hopefully this will be adopted elsewhere.

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