Saturday, December 17, 2016
On A Global Scale
Cash Is No Longer King: Currency Wars, The Phasing Out of Physical Money Has Begun
Source - Ascension With Earth
By Shaun Bradley
Global Research, December 15, 2016
The Anti-Media 8 December 2016
As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central banks.
The war on cash isn’t going to be waged overnight, and showdowns will continue in any country where citizens turn to alternatives like precious metals or decentralized cryptocurrencies. Although this transition may feel like a natural progression into the digital age, the real motivation to go cashless is downright sinister.
The unprecedented collusion between governments and central banks that occurred in 2008 led to bailouts, zero percent interest rates and quantitative easing on a scale never before seen in history. Those decisions, which were made under duress and in closed-door meetings, set the stage for this inevitable demise of paper money.
Continue Reading at ..... http://www.globalresearch.ca/cash-is-no-longer-king-currency-wars-the-phasing-out-of-physical-money-has-begun/5562582
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War on cash continues: Australia seeks to remove $100 note from circulation
Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note and cash payments over certain limits as the government looks to recoup billions in unpaid tax.
Continue Reading at .... http://www.theeventchronicle.com/finanace/war-cash-continues-australia-seeks-remove-100-note-circulation/#
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Venezuela Eliminates Half Its Paper Money After Pulling Largest Bill From Circulation
By Zero Hedge
“I have decided to take out of circulation bills of 100 bolivars in the next 72 hours,” Maduro said. “We must keep beating the mafias.”
Continue Reading at ... http://www.theeventchronicle.com/finanace/venezuela-eliminates-half-paper-money-pulling-largest-bill-circulation/#
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India's currency recall: Concerns mount as cash shortage continues
On the same day Donald Trump defied the pundits to win office, Narendra Modi announced he would withdraw most of the currency from his country's economy the next day, in a bid to fight tax evasion and corruption.
Continue Reading at .... http://www.abc.net.au/news/2016-12-12/india's-currency-recall:-is-it-working-who-is-responsible/8111072
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Source:
http://www.ascensionwithearth.com/2016/12/physical-currency-being-removed-from.html