So The Seizure Begins: Bloomberg Op-Ed Calls For An End Of Cash
by ZeroHedge • February 1, 2016
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In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like (“by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs”), and briefly after we laid out the countless recent warnings from “very serious people” that cash is evil and should be banned:
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This is all about stealing what little wealth the people have left.
The “powers that be” keep figuring out ways to force people to support the fat cat businesses.
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