Cash abolition - electronic slavery?

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

The well-known American financier Martin Armstrong, whose forecasts in most cases come true, considers the intentions of many European countries to abolish cash and leave the system of exclusively electronic payment as a big mistake and "economic tyranny".

According to Armstrong, states thus strive for global control over transactions and spending of private economic entities of the country and their citizens. The financier believes that leaving an exclusively cashless system will lead to an increase in the tax on its maintenance and maintenance of electronic currency banks, which will add unnecessary costs to the population.

He notes that none of the arguments for the abolition of cash seems convincing - not the fight against terror, if we talk about the restriction of gold and cryptocurrencies in France, not an attempt to support banks during the financial crisis, as they said in Denmark, although will they support them? this measure, if cash assets simply flow into those countries that continue to work with them, nor the desire to stop crime and drug trafficking in the United States, which Harvard professor Kenneth Rogoff talks about, referring to the harm of cash.

France is sharply tightening control over cash flows, as well as gold sales and other reporting items. French Finance Minister Michel Sapin recently announced a sharp tightening of control over the use of funds in the country.

As reported by the newspaper Le Parisien, citizens will be strictly controlled by the state from September 2015 if they make payments in cash.

- The limit on cash payments will be reduced from € 3,000 to € 1,000.

- Tourists will be able to pay only up to 10,000 euros in cash, while earlier the limit was 15,000 euros.

- If a Frenchman wants to change money into another currency, he can only change up to 1000 euros without personal identification. Until now, the French could buy foreign currency for up to 8000 euros.

- If a bank customer withdraws more than € 10,000 per month from an account, the bank must report such a transaction as a money laundering operation to the appropriate Tracfin authorities.

- Banks must inform the authorities about all major transfers within the EU, which exceed 10,000 euros. This also includes buying gold and prepaid cards.

- Control over cryptocurrencies (bitcoin) will be tightened.

So what we are facing is economic tyranny. The state considers its own that which belongs to you about the right. We no longer live in a democratic world. This is tightening control over people to maintain their power. In France, the official reason for these measures is called the "war on terror".

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France restricts movement of cash, gold and cryptocurrencies

France is sharply tightening control over cash flows, as well as gold sales and other reporting items. French Finance Minister Michel Sapin recently announced a sharp tightening of control over the use of funds in the country.

As reported by the newspaper Le Parisien, citizens will be strictly controlled by the state from September 2015 if they make payments in cash.

- The limit on cash payments will be reduced from € 3,000 to € 1,000.

- Tourists will be able to pay only up to 10,000 euros in cash, while earlier the limit was 15,000 euros.

- If a Frenchman wants to change money into another currency, he can only change up to 1000 euros without personal identification. Until now, the French could buy foreign currency for up to 8000 euros.

- If a bank customer withdraws more than € 10,000 per month from an account, the bank must report such a transaction as a money laundering operation to the appropriate Tracfin authorities.

- Banks must inform the authorities about all major transfers within the EU, which exceed 10,000 euros. This also includes buying gold and prepaid cards.

- Control over cryptocurrencies (bitcoin) will be tightened.

This is tightening control over people to maintain their power. In France, the official reason for these measures is called the "war on terror".

Denmark prepares to cancel cash

Denmark is likely to be the first country to abolish money. The Danish government is now actively working to free some shops, restaurants and gas stations from accepting cash payments, as the UK did in a test run in Manchester last year.

The Danish government is currently proposing to phase out all cash transactions as part of a package of austerity measures introduced ahead of the September elections. Recall that the Danish krone exchange rate reached a maximum against the dollar in 2008

Denmark is ready to take this step, as it is a real measure to ensure taxes and protect banks from complete collapse. Experts fear big problems with capital around the world after September 2015. It is expected that money will start flowing out to those countries that will not give up the circulation of cash. The world is on the brink of economic totalitarianism, which will lead to an all-encompassing control over money by the state.

No one will be able to buy or sell anything without government approval. In the United States, passport revocations are already provided if you owe more than $ 50,000. By the way, passports in Rome were once invented in order to be able to travel, and not prove something to the state.

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Denmark is likely to be the first country to abolish money. The Danish government is now actively working to free some shops, restaurants and gas stations from accepting cash payments, as the UK did in a test run in Manchester last year.

The Danish government is currently proposing to phase out all cash transactions as part of a package of austerity measures introduced ahead of the September elections. Recall that the Danish krone exchange rate reached a maximum against the dollar in 2008.

Denmark is ready to take this step, as it is a real measure to ensure taxes and protect banks from complete collapse. Experts fear big problems with capital around the world after September 2015. It is expected that money will start flowing out to those countries that will not give up the circulation of cash. The world is on the brink of economic totalitarianism, which will lead to an all-encompassing control over money by the state.

No one will be able to buy or sell anything without government approval. In the United States, passport revocations are already provided if you owe more than $ 50,000. By the way, passports in Rome were once invented in order to be able to travel, and not prove something to the state.

Armstrong claims that recently in London, the best economic minds of the aforementioned US university, as well as influential British, German and French businessmen, in a word, representatives of countries that want to get rid of cash, held a secret meeting during which they discussed how to accomplish this task.

Armstrong himself, according to the portal Libertyblitzkrieg.com, insists that behind this desire lies only the desire of states to control all the money available in the country, which is a violation of the rights and freedoms of its citizens who earn this money.

No one will be able to buy or sell anything without government approval. The world is on the brink of economic totalitarianism, which will lead to an all-encompassing control over money by the state.