Post by 3bid on May 29, 2015 19:05:10 GMT -5
Secret Meeting in London to “End Cash”
Central banks aim to institute "governmental approval" for all purchases and sales
by Paul Joseph Watson | May 27, 2015 | Infowars.com
Economist Martin Armstrong claims there is a “secret meeting to end cash” set to take place in London before the end of the month involving representatives from the ECB and the Federal Reserve.
Armstrong, who is known for successfully predicting the 1987 Black Monday crash as well as the 1998 Russian financial collapse, expressed his shock that no news outlet has reported on this upcoming conference.
“When I googled the issue to see who else has picked it up, to my surprise, Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as far as the Central Bank of Nigeria, but I have yet to find any reports on the meeting taking place in London, when my sources are direct.”
Armstrong first brought attention to the alleged meeting earlier this month when he revealed that representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks would all be attending a “major conference in London” at which Kenneth Rogoff of Harvard University, and Willem Buiter, the Chief Economist at Citigroup, would give presentations.
“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,” concludes Armstrong.
Discussions and moves towards banning cash have repeatedly cropped up in recent weeks.
Willem Buiter, who Armstrong claims is speaking at the secret meeting, recently advocated abolishing cash altogether in order to “solve the world’s central banks’ problem with negative interest rates.”
Last year, Kenneth 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.
Striking a similar tone, former Bank of England economist Jim Leaviss penned an article for the London Telegraph earlier this month 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.”
Big banks in both the United Kingdom and the U.S. are already treating the withdrawal or depositing of moderately large amounts of cash as a suspicious activity. Reports emerged in March of how the Justice Department is ordering bank employees to consider calling the cops on customers who withdraw $5,000 dollars or more.
Meanwhile in France, new measures are set to come into force in September which will restrict French citizens from making cash payments over €1,000 euros. Armstrong suggests that “financial police” could enforce this new law by, “searching people on trains just passing through France to see if they are transporting cash, which they will now seize.”
As Armstrong notes, banning cash in order to eviscerate what little economic freedoms people have left to avoid disastrous Keynesian central bank policy is nothing short of economic totalitarianism.
“In the mind of an economic tyrant, banning cash represents the holy grail,” writes Michael Krieger. “Forcing the plebs onto a system of digital fiat currency transactions offers total control via a seamless tracking of all transactions in the economy, and the ability to block payments if an uppity citizen dares get out of line.”
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Comments:
Secret Meetings, Secret Laws, Secret Rules, Secret Regs - WHATEVER!!!
It's ALL Treason or at a minimum nobody else is a party to whatever THEY come up with.
The only reason all of it continues is because the population doesn't have a mechanism to arrest the pol's and bureaucrats and the NGO/NWO handlers doing all of this globally.
When they break the dam - literally, which will be their NWO birthing ceremony on the NV boarder things change.
To paraphrase one of these psychopaths, "Today its becoming much, much easier to arrest the handful of criminals at the top then it is for the world to suffer through another staged world war."
The Big Criminals are going to take all of the little criminals funds. And by little I mean if your not in the 13 Bloodlines. The Mafia,Cartels and Bikers etc better be seeing Central Bankers plotting to take all of the customers. If they were really fighting crime no one would be to big to jail and the Pedo's would be off the Street.
Exactly one of the reasons I am unemployed.
I already refuse to help them. We live in very complicated times.
I have been self-employed for the last 25 years. Takes financial discipline and faith.
Privacy is for people, not government.
Disclosure is for government, not people.