Tag Archives: cashless society

The IMF has drawn up plans to force a cashless society upon all the people within IMF member nations. In their “The Macroeconomics of De-Cashing” it gives the following advice to governments who want to abolish cash against the will of their citizenry:

Many will cheer as the world makes a rapid transition to a cashless society, but I will not. I believe that a truly cashless system would open the door for great evil, and I don’t want any part of it. What about you?

Love it or hate it, cash is playing an increasingly less important role in society. In some ways this is great news for consumers. The rise of mobile and electronic payments means faster, convenient, and more efficient purchases in most instances...However, there is also a darker side in the shift to a cashless society. Governments and central banks have a different rationale behind the elimination of cash transactions, and as a result, the so-called “war on cash” is on.

By enforcing negative interest rates and fighting a War on Cash, the government will create a huge underground currency market - and the ultimate underground currency will be gold and its sister metal, silver...[which] could cause gold to double or even triple in value.

I'd been puzzling over why bankers and economists have rather suddenly become strong advocates of a "cashless society" and I finally have ascertained the REAL (true) answer which I would like to share with you.