There is a global push by lawmakers to eliminate the use of physical cash around the world. This movement is often referred to as “The War on Cash”, and there are three major players involved: 1. The Initiators Who? Governments, central banks. Why?
GAINING ATTENTION these days is the idea of abolishing high denominations of the dollar and the euro. This concept graphically displays the astonishing stupidity–and intellectual bankruptcy–of today’s liberal economic policymakers and the economics profession. Larry Summers, a former Treasury Secretary and Harvard president, is pushing the U.S. to ban $50 and $100 bills.
Editor’s note: The War on Cash is heating up. If you read yesterday’s Dispatch , you know the War on Cash is basically an effort to eliminate paper money. Politicians tell us this will make society safer. Of course, we know this is pure propaganda. The War on Cash is really about control.