The popular economic resource Zero Hedge wrote that the ban on cash is becoming increasingly probable and increasingly transparent for the clients of Western banks:
“Expert and chief economist of the Bank of England Andrew haldan raised the question about the possibility of not only introducing a negative interest rate, but also ban cash, if people are hoarding them in an attempt to reach a high round returns to 0%…”
Here heard not completely understand the irony of a banker, but a speech about a ban of cash is heard more and more often at the highest levels.
And though to me it still seems rather a kind of horror story, smoke without fire, as we know, does not happen.
In my opinion, more likely different: under the guise of such horror stories prepare softer versions. For example, the exchange of banknotes in a certain period of time with certain restrictions on one person.
The point of this is that the U.S. will protect Americans with dollars, and Europe – Europeans with the Euro, their cash savings are not touched. But everyone else will heat.
And millions, if not billions of people around the world that store their savings (often a penny) under the mattress in dollars and euros, will remain with useless wrappers.
The most interesting thing in this combination that it will work in the internal destabilization of a huge number of countries. Although the national government there will be nothing at all, to them, the population will be entitled to claim compensation. Protests the exchange of food is quite illustrative in this sense. Only this crisis is formulated on the basis of “currency lustration”, will affect a much broader population, and not the minimum minority.
If this happens, it’ll be fun – and for us, and in China and India, and the middle East. In short, everywhere…
Irina Alksnis
