The War On Cash: Officially Sanctioned Theft

While the benefits to banks and governments of banning physical cash are self-evident, there are downsides to the real economy and to household resilience.

  1. Every financial transaction can be taxed
  2. Every financial transaction can be charged a fee
  3. Bank runs are eliminated

This is a syndicated repost courtesy of oftwominds-Charles Hugh Smith. To view original, click here.

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