Monday, August 29, 2016

Harvard Economist Advocating
Banning U.S.$20,$50 & $100 Cash Bills
Ken Rogoff is advocating "a 'less-cash' society, not a cashless one, at least for the foreseeable future" .. it's a move in financial repression .. "There is little debate among law-enforcement agencies that paper currency, especially large notes such as the U.S. $100 bill, facilitates crime: racketeering, extortion, money laundering, drug and human trafficking, the corruption of public officials, not to mention terrorism. There are substitutes for cash—cryptocurrencies, uncut diamonds, gold coins, prepaid cards—but for many kinds of criminal transactions, cash is still king. It delivers absolute anonymity, portability, liquidity and near-universal acceptance. It is no accident that whenever there is a big-time drug bust, the authorities typically find wads of cash."
link here to the article
link here to an alternative source

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