By Jeff Berwick – Re-Blogged From Dollar Vigilante
India, Uruguay, Australia and now Spain. The Minister of Finance and Public Service, Cristóbal Montoro has reportedly just announced “anticipated measures in order to ‘reduce the use of cash.’
In other words, Spain is going to make cash transactions even more difficult. As of press time, from what we can tell, this has yet to be reported anywhere in English media except here now at TDV.
As you can see, the chaos is increasing. Combine cash bans with attacks on fake news (more on that tomorrow), and you end up disturbing a significant amount of people as we wrote here recently.
This amounts to a trend of course, of the sort we’ve been analyzing for several years now. We’ve predicted increased social chaos throughout the West and beyond because globalism is not built by votes but by violence and widespread disaffection that allows globalist “solutions” to be rammed home.
I expect “cash banning” to be speeded up along with selected attacks on the alternative media – as part of a larger effort to create widespread social dissension. People believe attacks on cash and “news” are what they seem to be on the surface. They are not. They are part of a much deeper strategy that involves additional globalism.
We’ve expected just these sorts of actions and have profited from them for the past several years along with our newsletter subscribers. We await more of the same.
Currently, violence spawned by this anti-cash trend can be seen in such countries as Uruguay and India where cash banning on large bills has ignited significant social chaos already. India is in the throes of riots while Uruguay has been hit with a nationwide strike aimed in part at derailing a mandate that all employers must pay employees electronically via a bank account, starting as soon as March.
You won’t read much about the results of cash banning because the mainstream media won’t cover it, but the moves are doing their job, which is in part to inflict maximum social damage and make people aware that nothing they think they control is really theirs.
The more easily absorbed reason for cash bans has to do with negative interest rates. People prefer to hold cash instead of receiving bank bills and thus cash must be banned. Alternatively, nations are said to require more efficient tax collection that can only be generated if people cannot hold cash.
These are good reasons – from government’s’ point of view – to try to ban cash. But as I mentioned above, the larger reason has to do with riling up tax slaves. The more chaos the better…
Spain is already splitting into several pieces because of its endless depression which has resulted in over 50 percent of its youth being unemployed. The Catalans are ready to secede and like the Basques are foes of Spain’s central government and the Castilians that partially run it.
Back in 2012, Spain banned large euro cash transactions – anything over $2500 as a matter of fact. Now with a further squeeze that apparently may include various VAT changes as well, the trap is primed once again. Such aberrant moves can bring a kind of civil war to Spain sooner rather than later.
There hasn’t been any violence in Australia so far as we know, though Citicorp has now announced it won’t handle cash at its branches there.
Again, this is a trend we expect to continue and expand. It’s not really about cash (or fake news) so much as shaking people’s confidence in their societies. The kind of globalism our overseers want is not going to be built from peaceful treaties, or not to begin with. There’s going to be blood.