Showing posts with label Fascism. Show all posts
Showing posts with label Fascism. Show all posts

Tuesday, March 5, 2024

The Destruction of the United States as we know it | Martin Armstrong

I have studied many forms of government. I have found that Republics have always crumbled to dust because they are the most corrupt form of government one can create. Even a Dictatorship or Monarchy is never so corrupt, for they are not suspectable to bribery as Republics. The criticism of Democracy has come from the Greek philosophers who saw the people as too stupid to make decisions. Our representatives look down upon us the same way. 
 
 » If you know neither the enemy nor yourself, 
you will succumb in every battle. «
Sun Tzu, The Art of War.

Many wanted to believe that the Roman Republic was a democracy. Yet, this democracy was a total facade, for it was always under aristocratic rule – not the common people. We too live in a facade where they tell us who is the enemy and we are expected to fight and die who their pleasure. We have no right to vote should we go to war against Russia or China. Rome was the same way. The people had no real rights in this regard.

Assuming they do not take up Alexander Soros’ bold implicate to assassinate Trump so he can flood the United States with his Open Society that disregards culture, religion, and ethics, the computer is forecasting a tumultuous post-2024 election in 2025. History repeats for human nature never changes. What we will see post-2024 is the destruction of the United States as we know it.

 
See also:

Friday, February 16, 2024

Criticism of mRNA Vaccines now Punishable in France │ Thomas Oysmüller

On February 14, 2024, a law has been passed in France that criminalizes criticism of medical treatment that is appropriate according to "science". The law was pushed through the National Assembly; critics call the law 'Article Pfizer'. According to the law, anyone in France who advises against mRNA or other "medical treatments" that are "obviously suitable" for treatment according to the current state of medical knowledge can now be punished with up to three years in prison or a fine of up to 45,000 euros.
 
 » All tyrannies rule through fraud and force.
But once the fraud is exposed they must rely exclusively on force. «
Nineteen Eighty-Four
George Orwell

The law creates a new criminal offense that makes "incitement to discontinue or refrain from therapeutic or prophylactic medical treatment" and "incitement to use practices that are presented as therapeutic or prophylactic" punishable. This means that any opposition to mRNA treatment and other methods propagated by the pharmaceutical lobby can also be criminalized and punished.

Reference:
 
One accused and the other one lauded for milking and culling the goyim:
European Commission President Ursula von der Leyen sued in Belgium for €35 billion corruption
due to her shady COVID-19 BioNTech/Pfizer mRNA vaccine contracts with Pfizer CEO Albert Bourla.
 
Klaus Schwab's darling, former New Zealand Prime Minister Jacinda Ardern had allegedly exempted thousands 
of 'high-ranking officials' or 'elites' from the COVID-19 mRNA vaccination, that she rigidly imposed on the ordinary Kiwi.

Wednesday, July 5, 2023

Usury | Ezra Pound

The first thing for a man to think of when proposing an economic system is: WHAT IS IT FOR? And the answer is: to make sure that the whole people shall be able to eat (in a healthy manner), to be housed (decently) and be clothed (in a way adequate to the climate). 
 
 
 
Another form of that statement is Mussolini’s:

DISCIPLINE THE ECONOMIC FORCES AND EQUATE THEM TO THE NEEDS OF THE NATION.

The Left claim that private ownership has destroyed this true purpose of an economic system. Let us see how OWNERSHIP was defined, at the beginning of a capitalist era during the French Revolution.

OWNERSHIP is the right which every citizen has to enjoy and dispose of the portion of goods guaranteed him by the law. The right of ownership is limited, as are all other rights by the obligation to respect the rights of others. It cannot be prejudicial to the safety, nor to the liberty nor to the existence, nor to the ownership of other men like ourselves. Every possession, every traffic, which violates this principle is illicit and immoral.

Robespierre.
 
The perspective of the damned XIXth century shows little else than the violation of these principles by demoliberal usuriocracy. The doctrine of Capital, in short, has shown itself as little else than the idea that unprincipled thieves and antisocial groups should be allowed to gnaw into the rights of ownership. This tendency ‘to gnaw into’ has been recognised and stigmatised from the time of the laws of Moses and he called it neschek. And nothing differs more from this gnawing or corrosive than the right to share out the fruits of a common co-operative labour.
 
Indeed USURY has become the dominant force in the modern world.
 
Moreover, imperialism is an immense accumulation of money capital in a few countries, which, as we have seen, amounts to 4 or 5 thousand million pounds sterling in securities. Hence the extraordinary growth of a class, or rather a Stratum, of rentiers, i.e, persons who live by “clipping coupons” who take absolutely no part in any enterprise, and whose profession is idleness. The exportation of capital, one of the most essential economic bases of imperialism, still further isolates this rentier stratum from production, and sets the seal of parasitism on the whole country living on the exploitation of the labour of several overseas countries and colonies.

V. I. Lenin, quoting Hobson in ‘Imperialism, the highest stage of Capitalism’.

Very well! That is from Lenin. But you could quote the same substance from Hitler, who is a Nazi (note the paragraph from ‘Mein Kampf’ magnificently isolated by Wyndham Lewis in his ‘Hitler’) – ‘The struggle against international finance and loan capital has become the most important point in the National Socialist programme; the struggle of the German nation for its independence and freedom.’

You could quote it from Mussolini, a Fascist, or from C. H. Douglas, who calls himself a democrat and his followers the only true democrats. You could quote it from McNair Wilson who is a Christian Monarchy man. You could quote it from a dozen camps which have no suspicion they are quoting Lenin. The only people who do not seem to have read and digested this essay of his are the British Labour Party and various groups of professing communists throughout the Occident.

Milton Friedman — Lie for hire.
Thomas Piketty — Worse than Jewspapers.

Some facts are now known above parties, some perceptions are the common heritage of all men of good will, and only the Jewspapers and worse than Jewspapers try now to obscure them. Among the worse than Jewspapers we must list the hired professors who misteach new generations of young, who lie for hire and who continue to lie from sheer sloth and inertia and from dog-like contempt for the wellbeing of all mankind. At this point, and to prevent the dragging of red herrings, I wish to distinguish between prejudice against the Jew as such and the suggestion that the Jew should face his own problem.

DOES he in his individual case wish to observe the law of Moses? 
Does he propose to continue to rob other men by usury mechanism while wishing to be considered a ‘neighbour’?

 
Fed Governors — Prevent the dragging of red herrings.

 

Wednesday, August 24, 2022

The Liberal Political Theology | Neema Parvini

Neema Parvini (2022) - From the realist perspective of [Carl] Schmitt, there is no structural difference between the liberal state, the communist state, and the fascist state — or indeed any other state. The only difference is the extent to which a regime may obscure the nature of its power or else genuinely buy into myths of neutrality. Viewed in this way, a state wedded to liberal democracy is as ‘totalitarian’ as any other since, by its very nature, it will be unable to tolerate any leaders who are not always already liberal democrats. 
 
"Liberalism is to freedom as anarchism is to anarchy." Ernst Jünger, 1977
 
Should such leaders rise, the stalwarts of liberal democracy will perceive them as ‘populists’, ‘fascists’, ‘threats to democracy’, and so on. The extent of free speech, free inquiry, free thought, and so on is a liberal delusion. In fact, the range of ‘allowable opinion’ is always exceedingly narrow and the liberal democratic state is marked by its intolerance and spectacular inability to imagine any worldview that is not its own. The dominance of liberal political theology is total. Schmitt would not have disagreed with Oswald Spengler who wrote in The Decline of the West:

"England, too, discovered the ideal of a Free Press, and discovered along with it that the press serves him who owns it. It does not spread ‘free’ opinion — it generates it. […] Without the reader’s observing it, the paper, and himself with it, changes masters. Here also money triumphs and forces the free spirits into its service. No tamer has his animals more under his power. Unleash the people as reader-mass and it will storm through the streets and hurl itself upon the target indicated, terrifying and breaking windows; a hint to the press-staff and it will become quiet and go home. The Press today is an army with carefully organized arms and branches, with journalists as officers, and readers as soldiers. But here, as in every army, the soldier obeys blindly, and war aims and operation-plans change without his knowledge. The reader neither knows, nor is allowed to know, the purposes for which he is used, nor even the role that he is to play. A more appalling caricature of freedom of thought cannot be imagined. Formerly a man did not dare to think freely. Now he dares, but cannot; his will to think is only a willingness to think to order, and this is what he feels as his liberty."

As Edward Bernays would go on to say these ‘are the invisible rulers who control the destinies of millions. […] In some department of our daily lives, in which we imagine ourselves as free agents, we are ruled by dictators exercising great power.’ The point is that viewed from the outside, liberal democracy looks just as ‘totalitarian’ as any other regime even if it relies more on subtle persuasion, nudge techniques, and other psychological tricks than coercion to obtain its results.

The Rulers and the Ruled | Gaetano Mosca

Gaetano Mosca (1896) - Among the constant facts and tendencies that are to be found in all political organisms, one is so obvious that it is apparent to the most casual eye. In all societies — from all societies that are very meagerly developed and have barely attained the dawnings of civilization, down to the most advanced and powerful societies — two classes of people appear — a class that rules and a class that is ruled.
 
[...] In reality the dominion of an organized minority, obeying a single impulse, over the unorganized majority is inevitable. The power of any minority is irresistible as against each single individual in the majority, who stands alone before the totality of the organized minority. A hundred men acting uniformly in concert, with a common understanding, will triumph over a thousand men who are not in accord and can therefore be dealt with one by one. Meanwhile it will be easier for the former to act in concert and have a mutual understanding simply because they are a hundred and not a thousand. It follows that the larger the political community, the smaller will the proportion of the governing minority to the governed majority be, and the more difficult will it be for the majority to organize for reaction against the minority.


"I can certainly call myself an anti-democrat, but I am not an anti-liberal;
indeed I am opposed to pure democracy precisely because I am a liberal.
I believe that the ruling class ought not to be monolithic and homogeneous
but ought to consist of elements which are diverse in regard to origin and
interests; when, instead, political power originates from a single source,
even if this be elections with universal suffrage, I regard it as dangerous
and liable to become oppressive. Democratic Jacobinism is an illiberal
doctrine precisely because it subordinates everything to a single force,
that of the so-called majority, on which it does not set any limits."

[...] What happens in other forms of government — namely, that an organized minority imposes its will on the disorganized majority — happens also and to perfection, whatever the appearances to the contrary, under the representative system. When we say that the voters ‘choose’ their representative, we are using a language that is very inexact. The truth is that the representative has himself elected by the voters, and, if that phrase should seem too inflexible and too harsh to fit some cases, we might qualify it by saying that his friends have him elected. In elections, as in all other manifestations of social life, those who have the will and, especially, the moral, intellectual and material means to force their will upon others take the lead over the others and command them.

[...] From our point of view there can be no antagonism between state and society. The state is to be looked upon merely as that part of society which performs the political function. Considered in this light, all questions touching interference or noninterference by the state come to assume a new aspect. Instead of asking what the limits of state activity ought to be, we try to find out what the best type of political organization is, which type, in other words, enables all the elements that have a political significance in a given society to be best utilized and specialized, best subjected to reciprocal control and to the principle of individual responsibility for the things that are done in the respective domains.

"Who says organization, says oligarchy. [...] Historical evolution mocks all the
prophylactic measures that have been adopted for the prevention of oligarchy."
Robert Michels, 1911

[...] Any political organization is both voluntary and coercive at one and the same time voluntary because it arises from the very nature of man, as was long ago noted by Aristotle, and coercive because it is a necessary fact, the human being finding himself unable to live otherwise. It is natural, therefore, and at the same time indispensable, that where there are men there should automatically be a society, and that when there is a society there should also be a state — that is to say, a minority that rules and a majority that is ruled by the ruling minority.

The Magic of Money | Hjalmar Schacht

Hjalmar Schacht (1967) - Man needs money and cannot exist without it. The diabolic magic of money is here clearly visible. It has helped mankind to make immense strides in economic development, and has at the same time enslaved him. Regression to a money-less condition, or the modern method of exchange by means of money any kind of money, but still money - these are the alternatives. Money plays the role of the sorcerer's apprentice - created to serve a master who cannot now rid himself of his indispensable sprite. It is the master now. 


Hjalmar Schacht (1877 – 1970), President of the Reichsbank.

[...] Modern paper money, the banknote, is backed by its creator, the State. It is true that John Law, the inventor of paper money, recommended a kind of cover based on landed property, but Law too saw that the principal security for paper money lay in confidence in the government, which has legal control over all kinds of things which would provide security. The failure which put an end to Law's measures was not so much caused by a paper money inflation, as by a collapse of speculative activity in the shares of the overseas enterprises he had founded. The value of his paper money was not based on these public companies, but only on their relationship with the state. Law rightly recognised that money, if it does not consist of tangible metal, is purely an internal affair of the national state. This remains true today.

For this reason there is no such thing as international currency. It is unlikely that it will ever come into being. International money would have to be granted the status of legal tender in all countries in which it circulates. In all these countries it would have to be possible to settle every state and private obligation in this currency. Any institution controlling this. currency irrespective of whether it is a bank or a government department would dominate the world an unthinkable situation. Currency is the most nationalistic factor in political life. Every central bank responsible for issuing it is dependent on the government of the country by whose laws it was instituted, and which makes its notes legal tender in the country's home territory.

The granting of credit is unthinkable without a central bank. No central bank can be allowed to act against the government of the country. The government is over the central bank, and influences its policies. It is thus also in a position to inflate the currency by taking up too much credit with the central bank. No international central bank could countenance such a situation. It cannot permit one of the governments with which it is associated to misuse its facilities unless every other government is in agreement. This however is a condition which cannot be reconciled with the fight of all against all in time of economic difficulty. No state will surrender so much of its sovereignty that its partners or competitors are given the power to prescribe its economic and financial policies. Standing over and above central bank and government, both of which are led and administered by changing personalities, there is a higher, impersonal, and substantially necessary law: the stability, the constancy of value, of money. This higher law has in the past granted the central banks an autonomous, independent position. Governments change, and can pursue good or bad currency and credit policies according to whether or not it is to the advantage of the party in power. 
 
Schacht in an Allied internment camp, 1945.
"Dr. Schacht, you should come to America. We’ve lots of money and that’s real banking".
Schacht replied, "You should come to Berlin. We don’t have money. That’s real banking".

[...] Even if common currency is regarded and desired as the crowning achievement of the European Common Market, it would be wrong to leave the relationship between the government and the central bank out of account. [...] The closer the economic ties between various countries, the easier will it become to reach agreement on currency policies. Whether these will ultimately lead to a unitary currency will always depend on the extent to which the participants are prepared to surrender their sovereignty. Here in fact is the Common Market's chief problem.

Tuesday, August 23, 2022

The Conspiracy of the Counterfeiters | Nikolai Starikov

Everything was going smoothly until 1965. Almost right after having been reelected to the post of President of France, Charles de Gaulle announced that his country would start to use real gold for international payments. According to the Bretton Woods Agreement he demanded that the USA exchange 1.5 billion dollars, kept by France, for real gold at a price of 35 dollars per ounce. It was the worst nightmare of a banker, when all creditors of his bank came to demand their ‘deposits’, as all FRS dollars were just obliging to pay the holders a certain amount of the precious metal. However, the required amount of gold had never existed, and consequently it was especially important to prevent the precedent. 
 
 Georges Pompidou, successor of President Charles de Gaulle, in 1969.
Guy de Rothschild's stooge in the Elysée.

The USA started to bias obstinate de Gaulle, who had already caused them trouble during his first presidential term, and even before that, when he was leading the Opposition in 1944-1945. Then during his second presidential term de Gaulle catastrophically endangered the mere fact of the ‘printing machine’s’ existence. Furthermore, the French President was determined, and when pressed, he withdrew from NATO and drove its formations out of his country. The USA had to exchange paper money for gold. In turn Germany, Canada and Japan made similar demands, though not in public like France, but secretly. Finally, the gap between the global amount of dollars and gold reserves in the USA was reduced even further. From 1960 until 1970 the dollar reserves kept in other countries tripled (and in 1970 came to 47 billion dollars, whereas the gold reserves of the USA came to 11.1 billion dollars at that time). It was necessary to urgently find a way out of this situation, but firstly the one who had entrenched the ‘printing machine’ must be punished. In 1967 de Gaulle returned the paper cash to the USA, and in May 1968 disturbances in France began. Demonstrations, the confrontation with the police, walkouts […] After almost a year of pressure Charles de Gaulle had to resign on 28 April, 1969. On 9 November, 1970 the ‘gravedigger’ of the dollar died due to heart failure.

The system established by the bankers was close to collapse. The gold default of the dollar concurred with the military defeat of the Americans in Vietnam. [...] Being aware that the capability of the USA to exchange dollars for gold at a fixed rate would be increasingly distrusted, they decided to get over this precipice in several steps. On 17 March, 1968 the Americans cancelled the dollar conversion into gold at a fixed rate for private traders. Central banks still could exchange dollars for gold at an official rate of 35 dollars per 1 troy ounce. At this, all ‘independent’ central banks in all countries were privately commanded to prevent such conversion by any means. On 15 August, 1971 the USA President Nixon, during his speech on the national (!) TV, incidentally announced the temporary taboo on the dollar conversion into gold at an official rate in central banks.

 Emmanuel Jean-Michel Frédéric Macron, the latest Rothschild stooge in the Elysée.
La république en marche. Allons enfants de la patrie.

That was a scandal indeed. However, it could become even greater, when it appeared that in the period up to the end of July 1971 the gold reserves of the USA descended to a threshold of less than 10 billion dollars. The affair proceeding any further could lead to complete catastrophe. On 17 December, 1971 the USA devalued the dollar by 7.89% in relation to gold. The official price of gold increased from 35 to 38 dollars per one troy ounce, but, curiously enough, the exchange of dollars for gold did not recommence. On 13 February, 1973 the dollar descended even lower in relation to gold, the rate became 42.2 dollars per 1 troy ounce. However, gold could not be acquired at this price, either. The American currency was not trusted anymore, and nobody hurried to sell their gold. The USA and Great Britain therefore had to share the benefits from the reserve currency emission with other countries.
 
The only way out of the dead end was to print more paper money, which the global financial community would agree to treat like absolute values. It must be assumed though that this money was not financially assured by anything. On 16 March, 1973 during the International Conference in Paris, a compromise was found. The gold content of the dollar was officially cancelled. It goes without saying that the International Monetary Fund (IMF) confirmed and approved this decision, which would cancel all the principles of the financial system of that time and the system of the IMF itself. The epoch of floating exchange rates began in the world.

Quoted from:
 
The Gold Price (U.S.Dollars / Troy Ounce) 1792 to date
The Gold Price (U.S.Dollars / Troy Ounce) 1257 to date

Who Ever Sets the Price of Gold and Silver | Stephen Mitford Goodson

There was an increase in trade and Rome became one of the most prosperous cities in the ancient world. [...] bronze coins represented national money and were paid into circulation by the state and each was only of value in as much as the symbols on which its numbers were recorded, were scarce or otherwise. This money was thus based on law rather than the metallic content. [...] This can be considered as an early example of the successful use of fiat money.

While fiat money is much criticised in some quarters, for example by the followers of Austrian economist Ludwig von Mises, there is nothing wrong with it, as long as it is issued by government, not by private bankers, and is carefully protected against counterfeiters. Non-fiat money, in contrast, has the serious drawback that who ever sets the prices of gold and silver, i.e. private bankers, can control the nation’s economy.

[...] in September 45 BC, Caesar found the streets and cities crowded with homeless people, who had been forced off the land by usurers and land monopolists. 300,000 people had to be fed daily at the public granary. Usury was flourishing with disastrous consequences. [..] Caesar fully understood the evils of usury and how to counter them. He recognized the profound truth that money is a national agent, created by law for a national purpose, and that no classes of men should withhold it from circulation so as to cause panics, in order that speculators could advance the rates of interest, or could buy up property at ruinous prices after such panic.

Caesar introduced the following social reforms:

  1. Restoration of property was done at the much lower valuations which held prior to the civil war (49-45 BC).
  2. Several remissions of rents were granted.
  3. Large numbers of poor citizens and discharged veterans were settled on allotments.
  4. Free housing was provided to 80,000 impoverished families.
  5. Soldiers’ pay was increased from 123 to 225 denarii.
  6. The corn dole was regulated.
  7. Provincial communities were enfranchised.
  8. Confusion in the calendar was removed by fixing it at 365¼ days from 1 January 44 BC.

His monetary reforms were as follows:

  1. State debt levels were immediately reduced by 25%.
  2. Control of the mint was transferred from the patricians (usurers) to government.
  3. Cheap metal coins were issued as the means of exchange.
  4. It was ruled that interest could not be levied at more than 1% per month.
  5. It was decreed that interest could not be charged on interest and that the total interest charged could never exceed the capital loaned (in duplum rule).
  6. Slavery was abolished as a means of settling debt.
  7. Aristocrats were forced to employ their capital and not hoard it. 
These measures enraged the aristocrats and plutocrats whose “livelihood” was now severely restricted. They therefore conspired to murder Caesar, the hero of the people. 
 
The 'Ides of March' Denarius (43/42 BC), a declaration of the Republic's 'liberation' from tyrannical Caesar.
Ironically, Brutus appears on the obverse professing he killed Julius Caesar on the Ides of March.
This is one of the most sought-after coins from the Roman world.

Quotes from:
 
See also:

Stephen Mitford Goodson (1948 - 2018) was a South African banker, author and politician who was the leader of South Africa's Abolition of Income Tax and Usury Party. He stood as a candidate for the Ubuntu Party in the 2014 General Elections.

Sunday, March 26, 2017

The Developed World Populism Index │ Ray Dalio

* The latest point includes cases like Trump, UKIP in the UK, AfD in Germany, National Front in France,
Podemos in Spain, and Five Star Movement in Italy. It doesn’t include major emerging country populists,
like Erdogan in Turkey or Duterte in the Philippines.

On March 22, 2017 Ray Dalio published "Populism: The Phenomenon", a paper that analyzes the role of populism in today’s world and in history. Ray Dalio runs the $150 billion dollar hedge fund Bridgewater Associates, the world’s largest. The paper introduces a "Developed World Populism Index", which Dalio says measures the strength of populism over time. It’s a weighted index of the vote share of anti-establishment parties or candidates in national elections for major developed countries since 1900. The index shows that populism is now at its highest level since the early 1930s. Contemporary populism includes supporters of Donald Trump, UKIP in the UK, AfD in Germany, National Front in France, Podemos in Spain and Five Star Movement in Italy. "Populism is not well understood because, over the past several decades, it has been infrequent in emerging countries (e.g., Chávez’s Venezuela, Duterte’s Philippines, etc.) and virtually nonexistent in developed countries. It is one of those phenomena that comes along in a big way about once a lifetime — like pandemics, depressions, or wars. The last time that it existed as a major force in the world was in the 1930s, when most countries became populist. Over the last year, it has again emerged as a major force."
 

A portrait of President Andrew Jackson (1829-1837) hangs on the wall behind President Trump in the
Oval Office of the White House. Jackson was a rich, bragging populist, who said: "I was born for a
storm and a calm doesn’t suit me
." Also: "Peace, above all things, is to be desired, but blood must
sometimes be spilled to obtain it on equable and lasting terms.
" Trump like Jackson is a rich, bragging
businessman, a
narcissist and reality TV star, who never held any public office before. Calm doesn’t
suit him either, and millions at the U.S. home front are prepared for storm and blood
(
see also HERE + HERE).

"We believe that populism’s role in shaping economic conditions will probably be more powerful than classic monetary and fiscal policies (as well as a big influence on fiscal policies)," writes Dalio and three Bridgewater colleagues. Populism is a political and social phenomenon that arises from the common man, typically not well-educated, being fed up with 1) wealth and opportunity gaps, 2) perceived cultural threats from those with different values in the country and from outsiders, the “establishment elites” in positions of power, and 4) government not working effectively for them, according to Dalio. In other words, populism is a rebellion of the common man against the elites and, to some extend, against the system. In summary, populism is:
  • power to the common man.
  • through the tactic of attacking the establishment, the elites, and the powerful.
  • brought about by wealth and opportunity gaps, xenophobia, and people being fed up with government not working effectively, which leads to the emergence of the strong leader to serve the common man and make the system run more efficiently.
  • protectionism.
  • nationalism.
  • militarism.
  • greater conflict, and greater attempts to influence or control the media.

Saturday, August 29, 2015

Financial Fascism - The Elimination of Physical Currency

“Fascism should more appropriately be called Corporatism because it is a merger of
state and corporate power.” ― Benito Mussolini, 1932
Paul Joseph Watson (Aug 28, 2015) - The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power. Entitled "The case for retiring another ‘barbarous relic’", the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.”

“The existence of cash — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory,” states the article. Complaining that cash cannot be tracked and traced, the writer argues that its abolition would, “make life easier for a government set on squeezing the informal economy out of existence.” Abolishing cash would also give governments more power to lift taxes directly from people’s bank accounts, the author argues, noting how “Value added tax, for example, could be automatically levied — and reimbursed — in real time on transactions between liable bank accounts.”


Totalitarianism of the European Financial Oligarchy - Votes change nothing!
The writer also calls for punishing people who use cash by making users “pay for the privilege of anonymity” so they will, “remain affected by monetary policy.” Dated bank notes would lose their value over time, while people would also be charged by banks for swapping electronic reserves for physical cash and vice versa. The article echoes an argument made by Kenneth Rogoff, former chief economist of the International Monetary Fund, who has called for high denomination banks notes such as the €100 and €500 notes to be phased out of existence. Rogoff attended a meeting in London earlier this year where he met representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks. The issue of banning cash was at the forefront of the agenda. Last year, 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. 

The agenda to ban cash was also discussed at this year’s secretive Bilderberg Group meeting, which was attended by the Financial Times’ chief economics commentator Martin Wolf. Former Bank of England economist Jim Leaviss penned an article for the London Telegraph earlier this year 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.” In the UK, banks are treating the withdrawal of cash in amounts as low as £5,000 as a suspicious activity, while in France, citizens will be banned from making cash payments over €1,000 euros from Tuesday onwards. The withdrawal and deposit of cash over the amount of €1,000 euros will also be subject to ID verification. “There is no more egregious anti-liberty economic policy imaginable than banning cash,” writes Michael Krieger. “Of course, if cash were involuntarily “ended,” there would be a surge in demand for physical gold and silver, which would then necessitate a ban on those items. Then the cycle of economic and financial tyranny would be complete, and crawling our way out of it, nearly impossible.”