We’ve Been Warning The World About This For Years. Now It’s All Coming True.

Over ten years ago, we began writing about the drive to eliminate cash by the global elite.

Cash offers a kind of freedom. It is untraceable (except forensically using serial numbers in sting operations or similar law enforcement operations). It is anonymous (except in large quantities subject to bank money laundering reporting obligations). It is relatively lightweight; a million dollars in one-hundred-dollar bills weighs 22 pounds and fits neatly in a standard attaché case.

It’s not perfect, but it’s much better than credit cards, debit cards, wire transfers, and other digital payment channels if you want to avoid government interference.

That’s the point. Governments want to herd all citizens into digital accounts so they can monitor their transactions and freeze their accounts as needed. Actual events have supported my warnings about the elimination of cash and the mandatory use of digital payments.

In 1969, the U.S. ended the use of $500 bills. Since then, the $100 bill has been the largest denomination (although the $100 in 1969 is only worth $20 today in constant terms because of inflation).

In 2019, the ECB ended the issuance of the €500 note (worth about $560 at the time). During the 2015 banking panic in Cyprus, banks were closed, ATMs were shut down, and credit cards didn’t work. Cypriots flew to Frankfurt with empty suitcases and filled them with euros, then flew back to Cyprus just to get some cash into the economy.

So, the war on cash is nothing new. Now it’s getting more intense.

This article describes how Germany is getting ready for a cold winter with likely shortages in fuel for home heating and other energy shortages.

Germany expects blackouts, which will close banks and ATMs. It is anticipating a run on cash as citizens clamor for a non-electronic medium of exchange. The Bundesbank is printing billions in euros and passing them out to the big banks just in case. But the cash comes with strings attached.

Priority will be given to trucking firms that deliver fuel. Limits will be placed on the amount of cash you can withdraw. Your money in the bank is not “your money”. It’s controlled by the bank, which will ration how much you can have.

Armored cars that move cash are asking for extra security because they expect to be attacked and looted by cash-starved citizens. While Plan A is still to eliminate cash, Plan B is to limit what you can do with cash if you happen to have any.

It all points to ways governments will use money to control behavior. What governments are missing is that if money is not available, people will riot, loot and burn down the banks until they get some. That has happened in Lebanon recently. It’s coming to Germany and the rest of the EU.

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