Friday, August 28, 2015

Financial Times Calls For Abolishing Cash...

By Robert Wenzel

The establishment hates the idea that we often use cash and that we can not be tracked 24 hours a day. The hate is becoming more clear by the day. Now the Financial Times, partly owned by Lady Rothschild and her 83-year old husband, has issued an anti-cash diatribe.

FT, stealing from the flaming prose of John Maynard Keynes, has published an anonymous article, entitled The case for retiring another ‘barbarous relic’.

It calls for the abolition of cash in order to give central banks and governments more power.

Notes Paul Joseph Watson at Infowars, the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.”
In other words, the bastards really don't want a penny to go thorough the system without their ability to monitor and control it.
Abolishing cash would also give governments more power to collect taxes directly from people’s bank accounts, the FT piece argues, noting how the “Value added tax, for example, could be automatically levied — and reimbursed — in real time on transactions between liable bank accounts.”
The article, as Watson notes, also calls for punishing people who use cash by making users “pay for the privilege of anonymity” so they will, “remain affected by monetary policy.” 
This is not the first call by the establishment for the abolishment of cash, the push to end cash has been picking up steam of late amongst elitist organizations, in recent months.
Watson notes:
As we previously reported Kenneth Rogoff, former chief economist of the International Monetary Fund... who has called for high denomination banks notes such as the €100 and €500 notes to be phased out of existence. attended a meeting in London earlier this year where he met representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks. The issue of banning cash was at the forefront of the agenda.
Last year, Rogoff also called for “abolishing physical currency” in order to stop “tax evasion and illegal activity” as well as preventing people from withdrawing money when interest rates are close to zero.
The agenda to ban cash was also discussed at this year’s secretive Bilderberg Group meeting, which was attended by the Financial Times’ chief economics commentator Martin Wolf.
Former Bank of England economist Jim Leaviss penned an article for the London Telegraph earlier this year in which he said a cashless society would only be achieved by “forcing everyone to spend only by electronic means from an account held at a government-run bank,” which would be, “monitored, or even directly controlled by the government.”
In the UK, banks are treating the withdrawal of cash in amounts as low as £5,000 as a suspicious activity, while in France, citizens will be banned from making cash payments over €1,000 euros from Tuesday onwards. The withdrawal and deposit of cash over the amount of €1,000 euros will also be subject to ID verification.

And I have reported,  JPMorganChase has started to prohibit the storage of cash in its safety deposit boxes. and Citi Group's top economist, Willem Buiter, has issued a report calling for the abolishment of cash.

The banishment of cash would, of course, put the entire economic system under the observation of the elitists, from where they can plot,control and take.

This is one of the most evil propositions now being advanced by the elitists. The idea must be shot down and discrdeited at every turn.

 Robert Wenzel is Editor & Publisher at and at Target Liberty. He is also author of The Fed Flunks: My Speech at the New York Federal Reserve Bank. Follow him on twitter:@wenzeleconomics


  1. I wonder if an unintended consequence of such a move, should it ever happen, might be more people using alternatives to cash.(like gold & silver)

  2. I actually quite like this war on cash. I see no problem with the government discouraging people from using their own fiat currencies. And people's dislike of the government spying apparatus means that people may not only look towards government fiat electronic money as an alternative...

  3. Chase requires a photo ID to make a cash deposit of any size.

  4. Every once in awhile, while reading idiot comments, (see above) I realize how not very bright people are easily manipulated.

    I also note that the great bankers like the rothschilds- could not possibly print the money needed to redeem the trillions upon trillions circulating electronically in markets. To do so, would be the run of all bank runs, about 1.5 trillion chasing 200 or 300 trillion of potential liquidations.

    There will come a day, eons from now, when people look back at the criminal bankers of today and shake their heads at what collective idiots we were to allow such a thing.