The war on cash is more than just a currency war to clamp everyone down on the electric grid. It is also a war on your privacy, and the nail in the coffin for the free market of low level transactions. Soon, restrictions on cash will become so severe that even spending $100 will arouse suspicion, despite the constant inflation on the value of such a denomination. One day, physical currency may become obsolete. When that day comes, they will know everything you do.
Conducting transactions in anything but digital creds will be not only increasingly difficult, but seen as outright criminal behavior. It might even make you a terrorist. Don Quijones argues on Wolf Street: There are two sides in the global war against cash. On one side are many of the worlds governments, central banks, fintech firms, banks, credit card companies, telecommunication behemoths, financial institutions, large retailers, etc. According to them, the days of physical currency are numbered, so why not pull the plug already, beginning with the largest denomination bills such as the $100-note. READ MORE
