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Rumor Mill News Reading Room, Current Archive

Casey Research:... It's Here...The Worst Thing To Happen To The US$ Since 1913

Posted By: Watchman
Date: Friday, 9-Dec-2016 15:24:04
www.rumormill.news/63987

At Casey Research, it’s our job to tell you about situations that threaten your financial well-being. Usually, these are direct threats to your wealth. Think a stock market crash or bond market collapse.

But occasionally, we'll tell you about other kinds of threats. Today is one of those days…

In this issue, we’re going to talk about the “War on Cash.” As you may know, this is an ongoing effort by governments to eliminate paper money. This war is being waged across the world…and it's picking up steam.

Italy and France recently banned cash transactions over 1,000 euros. Spain has banned transactions over 2,500 euros. Uruguay banned cash transactions over US$5,000.

But this upending of the global cash economy isn’t just a foreign affair. Former U.S. Treasury Secretary Larry Summers thinks the U.S. government should get in on the act, too. In February, Summers wrote an article in The Washington Post titled “It’s time to kill the $100 bill.”

• Politicians tell us the War on Cash is for our own good…

According to the government, only drug dealers and terrorists use big bills. If you get rid of them, crime falls.

Of course, Dispatch readers know this is propaganda. The government really wants to get rid of cash because it’s hard to track. It’s also harder to tax than the money sitting in your bank account.

And big bills are only the..

more: https://www.caseyresearch.com/articles/the-worst-thing-to-happen-to-the-us-dollar-since-1913-1




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AN EXPLANATION OF THE FACTIONS