Greg Hunter – Financial writer Bill Holter says there is a good reason some are pushing the idea of doing away with cash. Holter contends, “It’s not about the drug trade. It’s not about tax evasion. It’s really about capital controls. It’s about corralling the public’s funds into the banks. Then you go one step further, and they already put bail-in legislation into effect pretty much throughout the West. So, what they are doing is ring fencing your capital. If they really do away with all cash and all your funds have to be in the banking system, then basically you are completely controlled. . . . Individuals can be shut off because the state doesn’t like them.”
So, when will the powers try and go cashless? Holter thinks, “I don’t think the public would accept it if all of a sudden ‘boom’ they flip the light switch and say that’s the end of cash. . . . I think the public would revolt, and it’s not doable. I also don’t think there is enough time left in the markets to get it done. The cashless society will result from either a war or a collapse in the system. It will be part of the new system. That’s how they will implement it. It will be after something big happens.”
https://youtu.be/NkfK-Ax-IlM
Simon Black – This is starting to become very concerning.