Money has been with us for thousands of years. It is the engine that fuels economies and progress. It is the means of distributing wealth and rewarding enterprise and assigning value. And soon the way that works may be changing drastically. What’s more, its demise is pregnant with prophetic implications. There is an actual ‘War on Cash’ being waged – by the PTB and while it is being couched in noble terms. But it is really all about control; Total control of the populace.
This ‘War on Cash’ has been going on for several years at least and in some areas it is advancing faster than others. Only about 6% of Norwegians use cash on a daily basis. Now Norway’s largest bank is call for the elimination of the medium altogether. It supported its case by citing the lack of government control of money and transactions. [Yeah, that’s what we need; more government control! Of course that’s what a large portion of Americans are ponying up for when they support the policies of presidential candidate Bernie ‘Let’s-Use-Other-Peoples-Money’ Sanders. But I digress.] The momentum for such a move is growing. In just the last couple of weeks the European Commission, the European Central Bank and Standard Chartered CEO Peter Sands, have all called for the removal of the €500 note from circulation. That of course is just a first step.[i] Add in Larry Summers, the Harvard professor and former Treasury Secretary, who opined in the Washington Post that “It’s time to kill the $100 bill.” His argument: It feeds crime and corruption.[ii] But that’s not really what it’s about. It’s about controlling your money – or at least what’s left of it.
You see, in response to the massive downturn in the economy that began in 2007-2008 and continues to this day, masked only by paper-fueled faux-recoveries, the central bankers have introduced something called negative interest rates. They hang on to the money – and you pay for the privilege of them hanging on to your money. Such a deal! And then there’s the whole bail-in concept. Former hedge fund manager Shah Gilani explains what that is about. Newish legislation on both the international and national levels allows banks to consider your deposits their money. If they’ve been dabbling in derivatives – and it doesn’t turn out so well – they can use that money to keep themselves afloat. “Your deposited cash is an unsecured debt obligation of your bank. It owes you that money back. If you bank with one of the country’s biggest banks, who collectively have trillions of dollars of derivatives they hold “off balance sheet” (meaning those debts aren’t recorded on banks’ GAAP balance sheets), those debt bets have a superior legal standing to your deposits and get paid back before you get any of your cash.”[iii]
So the thinking is really quite simple, operating on a couple of levels. If the banks are offering negative interest rates then why would anyone keep their money there? Well, if there was no cash, then they’d have to because all transactions would be electronic. There would be no other way to do business. What’s going on now is the campaign to create the necessary – if not quite sufficient – conditions for the establishment of the Mark of the Beast, “so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name.” (Revelation 13:17) (ESV) The technology already exists to make that mark a reality. They need only change the mindset of the population. And the technological explosion and natural indoctrination of the population – especially the younger demographic – is leading inexorably toward that end. Hasbro has even introduced a Cashless Monopoly game featuring electronic banking. Jim Sinclair weighs in. “When you break this down, the real reason for a cashless society is ‘control.’…. Without ‘cash,’ the public will be at the mercy of those pushing and pulling the levers. Your account could be frozen for any reason. Your account could be stolen for any reason. In other words, by banning cash they are throwing away ‘the key’ to your exit door and control of the masses becomes simple.”[iv] What we are seeing now, is an all-out push to advance the cashless agenda. Last Spring, Martin Armstrong reported on a “secret meeting in London where Kenneth Rogoff of Harvard University and Willem Butler the chief economist at Citigroup” [addressed] the central banks and [advocated] the elimination of all cash.” He offers this conclusion. “We better keep one eye open at night for this birth of a cashless society that is coming in much faster than expected. Why the secret meeting? Something does not smell right here.”[v] Societal trends are moving inexorably toward the mark. It will seem like the natural next thing to do. Without cash we are at the mercy of the PTB. Without cash, in an electronic-money environment, even the essentials like food, fuel and medicine can be denied us. And “no one” will be able to “buy or sell” without “the mark.” We’re actually right here ….on the doorstep.
[i] Don Quijones, As War on Cash Escalates, Cash Lovers Fight Back, Wolf Street, February 18, 2016
[ii] Larry Summers, It’s time to kill the $100 bill, Washington Post, February 16, 2016
[iii] A CRISIS WORSE THAN ISIS? BANK BAIL-INS BEGIN, The Daily Sheeple, December 31, 2015
[iv] Jim Sinclair, The Mark of the Beast?, JS Mine Set, February 18, 2016
[v] Michael Krieger, Martin Armstrong Reports on a Secret Meeting in London to Ban Cash, Liberty Blitzkrieg, May 26, 2015
Frank says
What is PTB? I lose you when you use such caps!
Robert Palaszewski says
My apologies Frank. PTB refers to the ‘Powers That Be’ – those forces, be they central bankers or Illuminati or whatever – that control and influence governments and financial institutions that really run our world.