Germans have a soft spot for physical lucre while the ECB and Europe’s executive branch, the European Commission, have openly expressed their desire to suppress, or even punish, its use… Read More War on Cash Puts ECB, EU on Collision Course with Germany
Cash might be grungy, unfashionable and corruptible, but it is still a great public good, important for rich and poor alike… Read More In Praise of Cash
The world’s most invasive nanny-state government just took the lead (from the EU) in the global war on cash. … Read More China Prepping Digital Yuan
The financial uncertainty amplified by Brexit has incentivized governments throughout Europe to seize further control over their banking systems… Read More Cash No Longer King: Europe Moves to Begin Elimination of Paper Money
Any attempt by the European Commission to set a mandatory continent-wide limit on cash payments is likely to meet fierce resistance — at least from some countries. Others are already so far down the path toward a cashless society that they’ll barely notice the difference.… Read More Things Just Got Serious in Europe’s War on Cash
Having discontinued its production of EUR500 banknotes, it appears Europe is charging towards the utopian dream of a cashless society. … Read More Brussels Just Proposed Another Major Escalation in War on Cash
It is eerily reminiscent of a statement attributed to then US Secretary of State, Henry Kissinger in the 1970’s. He reportedly stated, “If you control oil, you control entire nations; if you control food, you control the people; if you control money, you control the entire world.”… Read More The Sinister Agenda Behind the Washington War On Cash
Cash’s days as a commonly used payment method may already be numbered. But it could take decades for it to die a natural death, if indeed it does. Cash’s enemies would much rather accelerate its demise.… Read More Power & Profit Fuel War on Cash in Europe
“The system works because everybody believes that those pieces of paper will be accepted by everybody else… This move has shaken that trust.”… Read More Indian Economy Grinds To A Halt After Cash-Ban: “Faith In System Shaken”
The government, media, banks, and even academia have formed a single, unified chorus to push this idea out to consumers that “cashless” is good for everyone.… Read More War On Cash Intensifies: Citibank To Stop Accepting Cash At Some Branches
