Update on the Global War on Cash

[Suzanimal]

11/28/2016
Joseph T. Salerno

Rumor has it that the political elites of Euroland are contemplating a tax on withdrawals from ATMs. Needless to say, the banks are pleased as punch at the prospect, because it will impede the bank runs that reveal their inherently illiquid status.

https://mises.org/blog/update-global-war-cash

Cash is for Criminals – Taxing Cash Withdrawals from ATMs

We are entering a very dark phase in this battle to retain our liberty. A proposal now being whispered behind the curtain in Europe is to impose a tax on withdrawing your own money from an ATM. The banks support this measure as a whole because they see this as preventing bank runs.
Nobody will look at the direction we are headed. I am deeply concerned that these type of proposals will send the West in a real revolution not much different from that of Russia in 1917. The divide between left and right is getting much deeper and the left is hell bent on stripping those who produce of their liberty and assets. This type of confrontation is in line with our War Cycle, which we will update in 2017.

This is the most dangerous period we are heading into for governments will respond only in their own self-interest to survive. The socialists hate those who produce. That is just the bottom line. Nobody should have wealth more than they and this is the same human emotion that has cost tens of millions of lives in civil conflicts through out the centuries. Proof this is a persistent problem is the fact that even the Ten Commandments state clearly that socialism is wrong: “You shall not covet your neighbor’s house … or anything that belongs to your neighbor” (Exodus 20:17). Nevertheless, this is repuidiated by socialists who say it’s not fair that anyone has something more than they do. This material jealousy has been the source of so much death throughout the centuries because it has been exploited by the ruling class to justify their theivery.

...

https://www.armstrongeconomics.com/w...h-withdrawals/

[devil21]

Armstrong's blog links to this interesting article which quotes a Haaaarvard mouthpiece about abolishing $100 bills., then $50, then $20.

"Cash is for criminals"
http://www.abc.net.au/news/2016-10-2...tivity/7933250