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February 13th, 2016 
Awake Goy Events are moving very quickly in the world of money and banking. One tectonic shift that is being reported on in the alternative media, but very conveniently ignored by the mainstream media is the link between the elimination of cash and negative interest rates. Introducing these two conditions into our economy will bring crushing financial hardship onto the ordinary citizen – yet few understand the critical link between the two.
Firstly, here are a few links to articles that relate to the topic.
- Zerohedge: People have more confidence in gold than paper money
- Zeroghedge: A disturbing quote from Morgan Stanley
- Investment Watch Blog: Central banks pushing for negative interest rates
- Zerohedge: Bloomberg call for an end to cash
- Zerohedge: The world’s first cashless society
- Investment Watch Blog: Former Standard Charter CEO calls on central banks to stop issuing bank notes
This list can go on and on. Yet, at the core of all of these articles resides a very simple concept. That concept is the relationship between a cashless society and negative interest rates. The presentation by Morgan Stanley (that is linked to above) clearly spells out this relationship. The relevant slide from this presentation is shown above. The most important statement from this presentation is:
We should move quickly to a cashless economy so that we can introduce negative rates well below 1%.
What should be recognized here is the following. Negative interest rates is the real objective, and cash is a stumbling block to meeting this objective. Lets have a look at both of these issues further below.
Negative Interest Rates
In a negative interest rate market; you will still borrow digital money from your local bank and pay interest for this privilege, but when you deposit such digital money into the same or any other bank, you will also pay interest. Image that – paying interest twice, once for borrowing money and again for depositing money. Now here is the rub. Assume you want to save your weekly wage of $1,000 for a second hand car, so you leave your money in the bank. To your shock and horror you find that after a few months your original $1,000 has shrunk to $970. At this point demanding your money from the bank in the form of cash (i.e. bank notes) looks like a really good idea.
Currently you still have this choice – this option still exists. Now imagine a world where you can “withdraw” all of your digital money, but you have no choice but to re-deposit it into another commercial bank. Do you now see the problem? Your digital money is stuck in a system where you WILL have a small amount deducted from your account each and every day. As reported on Zerohedge, it is a totalitarian’s dream come true.
Cashless Society
Having cash in your hand or under the mattress is your voice of dissent. It is your protest at a system that WILL confiscate your money on each day where the sun rises. All of the voices that are calling for a cashless society, and justifying their calls with claims that it will prevent some terrorist from laundering money, or that it is soooooo convenient – are all obfuscating the truth of the real consequences. The truth is that a cashless society will trap each and every citizen into a system of digital money, where the bankers have you paying for being both a borrower and a depositor.
Looking at the adjacent diagram, you can see that the financial sector in the USA is rapidly displacing other sectors of the economy as a percentage of GDP. Initially this may look like a good thing, but when the populous is forced to feed this ravenous monster – then the average citizen is the loser. You are forewarned.
Source Article from http://renegadetribune.com/cashless-society-negative-rates/
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