In my last post on Sprott Money, I pointed out the frightening truth: the ECB is strongly considering eliminating the €500 bill from circulation, reducing their physical money pool by approximately 30% in one fell swoop.
The ramifications of this are scary, to say the least. We know that central banksters are hell-bent on managing as many aspects of our financial lives as possible. The ability to eliminate physical cash from our modern-day society would grant them unquestionable control and the ability to steal at will whenever a crisis arises.
Mario Draghi knows this, the ECB knows this, and the FED knows this. Sadly, the masses do not and are utterly unaware of what is happening behind the scenes – actions that are destined to change our course in history forever.
If the ECB is successful in eliminating the €500 note, then the €200 is next, followed by the €100 and then the entire cash system itself – they hate it all and will not stop until we are on a cashless, electronic-based system.
The environment that this new system paints is scary enough as it stands, yet if you think that European bankers are alone in their quest for a cashless system, then you are horribly mistaken.
Western Central bankers know the control that such a system would create. They know the power that they are set to gain and are frothing at the mouth to obtain it.
Larry Summers, a potential FED chairman candidate, is one of those people. He had the following to say in a recently released article in the Washington Post, titled “It’s time to kill the $100 bill.”
Harvard’s Mossavar Rahmani Center for Business and Government, which I am privileged to direct, has just issued an important paper by senior fellow Peter Sands and a group of student collaborators. The paper makes a compelling case for stopping the issuance of high denomination notes like the 500 euro note and $100 bill or even withdrawing them from circulation.
