Dateline: 20 May 2015
I mentioned Martin Armstrong here awhile back. His daily commentaries continue to set him apart in the world of alternative economic analysis and commentary. I'm sure he is not entirely correct in his analysis. No economic commentator ever is. But he has such a good a good grasp of history and current events that I'm powerfully intrigued by his future predictions.
Martin Armstrong's recent essay ( a short one) on the coming elimination of cash really got my attention. I'm seeing other articles on the internet about this too.
The elimination of cash and cash transactions does not in any way, shape or form benefit the citizenry of this nation. It only benefits government and the financial institutions. Here are three reasons why (from the viewpoint of the controlling elites) cash must be eliminated ....
1. Cash allows privacy in personal financial transactions. Privacy can not to be tolerated in a surveillance police state, which is exactly what America has become.
2. The elimination of cash and cash transactions in a surveillance police state means the government will be able to extract more money through taxation.
3. Many people are, evidently, saving cash (the government calls it "hoarding"). This is a normal human response to an increasingly unstable economy and uncertain economic future. If the use of cash is eliminated, enormous amounts of cash would return to the banks or be spent (while it still has some worth). This would benefit the banking industry and the economy.
Seeing as less and less people use cash anyway these days, and cash is so often associated with illegal activities, it's not hard to see that there will be a great many Americans who will support the elimination of cash.
I wouldn't be surprised if the specter of terrorism (and fear mongering) are somehow utilized in a government sponsored propaganda campaign to condition the population to accept the elimination of cash.
In the final analysis, many Americans are of the mind that if a new law doesn't affect them, then it's okay. But, as Frederick Douglas so famously said: "No man can put a chain about the ankle of his fellow man without at last finding the other end fastened about his own neck."
Which brings to mind the famous quote by Pastor Martin Neimoller.