Via Martin Armstrong @ armstrongeconomics.com
For more information on how the ‘War on Cash’ could be a strong fundamental driving Bitcoin adoption. Check out my latest video that lists the countries that could be at risk in the near future.
[Editors Note: Below is an excellent Infographic which gives a great overview of the escalating global war on physical cash.
In my opinion the war on cash is totalitarianism dressed up as a moral crusade. If governments genuinely cared about drug money laundering, terrorism funding and money laundering they would:
(Point 2 is why people believe that Bitcoin in the long run could actually end large scale military conflicts)
Whilst I dont like fiat currency, the risk of removing the physical aspect of currency and making it purely digital risks dangerously centralising control of global currency with Banks and Governments which will no doubt overtime, turn into a draconian knightmare in light of the ongoing global financial crisis.
As well as yet another fundamental reason to invest, Bitcoin offers people a way to escape the war on cash, this move towards totalitarianism and a way to enable a decentralised financial system which upholds Sound money, liberty, freedom and Volutaryism as core principles.
Whilst I dont condone any illegal use of Bitcoin as described above, as a society I believe we need to address the core reasons for these certain nefarious uses of cash, rather than thinking a ban on cash is going to resolve these problems]
[Editors Note: The Bitcoin currency is essentially ‘Digital Cash’ hence why the escalating war on paper cash is going to be one of the biggest fundamentals driving the price of Bitcoin.
Check out my video ‘Bitcoin/Gold/Silver – Ultimate Protection against the Global War On Cash and NIRP Lunacy’ that explains this in more detail]
Via Jeff Berwick @ dollarvigilante.com
[Editors note: Countries in the red and orange could become a hotbed for Bitcoin adoption, as these countries scramble to implement last gasp capital controls, bail-ins and cash bans in order to delay the likelihood of state level insolvency and financial collapse.
Source BofA (Click for larger image)
[Editors note: The writing is on the wall as the war on cash goes global; with latest news that the ECB has voted to scrap €500 bills which amounts to 30% of all physical cash in the eurozone area.
For central and retail banks, the ability to prevent large scale capital flight when implementing negative rates will be essential to prevent/delay insolvency on leveraged balance sheets, as the bankers try to ‘kick the failed monetary policy can’ one more time.
All of these actions continue to add to the strengthening fundamentals of owning alternative money and currencies, such as precious metals and Bitcoin, that do not carry these counterparty risks.]
Check out this article from trunews.com which documents just how global the war on cash has become:
Read more here…