By Graham Summers – Re-Blogged From http://www.Gold-Eagle.com
The Trump Presidency has distracted from the next major move to be implemented by Financial Elite.
That move is a cash ban.
Cash, particularly physical cash (as in bills and coins) is a huge problem for insolvent banks.
Indeed, it is the ONLY problem they have yet to address.
If you’re a large bank and you’re overleveraged due to excessive assets to capital ratios (particularly assets that are at risk of losing value or default) there are three key issues you need to control.
1) You need to be able to value your assets however you please.
2) You need access to liquidity without lowering you asset to capital ratios.
3) You need to be able to stop bank runs or capital flights.