The speed with which the wheels are coming off of the global financial
system is intensifying.
Financial Armageddon is not on the menu tomorrow, but this train has
left the station, and it’s important that you stay ahead of it.
I wrote a short article a couple of days ago pointing out that there
was a systematic effort to eliminate cash as money. I cited the efforts
of the largest bank in Norway to eliminate cash altogether.
Here is a clip from that piece.
There is a major global
effort to eliminate cash as a form of money and replace it with digital
money zeroes and ones.
One example: Norway’s biggest bank has called for the elimination of
In case you thought this was simply the act of a group of pin-stripped
Norwegian bankers that had been on a weekend aquavit bender, think again.
In the last few years:
“Italy made cash transactions over ¤1,000 illegal;
Switzerland proposed banning cash payments in excess of 100,000 francs;
Russia banned cash transactions over $10,000;
Spain banned cash transactions over ¤2,500;
Mexico made cash payments of more than 200,000 pesos illegal;
Uruguay banned cash transactions over $5,000; and
France made cash transactions over ¤1,000 illegal, down from the previous
limit of ¤3,000.”
The “War on Drugs”, the “War on Poverty” and the “War on Terrorism have
all been dismal failures. But make no mistake, the “War on Cash” that
is being gestated here by bankers and governments has a clear path to
I have also been writing to you about “Bail Ins”, the procedure whereby
“troubled” banks confiscate deposits of some customers and convert them
to stock in the bank.
The prior article informed you that the European Union had authorized
Bail In procedures for all EU banks. A friend in Moscow just informed
me that the Russian Ministry of Finance just authorized Bail Ins in
Russia (January 29, 2016)
Here are a couple of links to that story (but please note, they are
in Russian and have to be translated at Google Translate if you want
to read them which I did.)
If you want solutions to this growing and precarious banking and financial
scene, let me make a completely immodest recommendation.
Go to Amazon and buy and read The Coming Financial Crisis A Look Behind
the Wizard’s Curtain by yours truly. It is written to inform and empower
the reader. It has solutions.
Keep your Powder Dry
John Truman Wolfe
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