No, not Johnny... He has been dead a while...
by Michael Smith (Veshengro)
In late autumn of 2012 the German Federal Bank (Deutsche Bundesbank) in Frankfurt/Main held a Cash Symposium in which high-ranking representatives of the Federal Bank met with colleagues from the banking services sector and from the public sector on federal, state and municipal level. The general media, however, kept this very quiet indeed.
This symposium was a very important one and had, to sum it up, but one single agenda and that agenda is to end the use of cash in monetary transactions.
In a strange alliance practically all participants of this symposium spoke first and foremost about the disadvantages, that is to say, costs (to them in banking and finance) caused by the circulation of cash in the economy. Costs, so they stated, which the customer is unaware of.
This will have been the sound of music in the ears of the representatives of the government bodies for it must have become obvious to all but the blindest that the governments would love to be able to end all cash transactions and, no doubt, they are just waiting to find a way to make cash illegal. Just a plausible explanation they need to find with which to bamboozle the public and to have them go along with this.
The main reasons for wishing to end cash transactions will always claim to be the need to stop money laundering and the various mafias. But what they really want is one, in the financial field, entirely transparent citizen.
He who will be forced to make each and every transactions by “electronic money”, whether credit or debit card, leaves inevitably a data trail which will leave everything that we have had before as far as government surveillance goes appear like amateur snooping.
In some countries are cash transactions above a certain limit already illegal, such as in the UK, and efforts are being made to reduce this limit further and further.
However, at the switching center of the central committee of the European Union they don't even consider such crude methods. They are playing with the idea of a transaction tax which means that each and every time a customer takes out cash from his or her account, whether at the bank or at an ATM he or she will be levied a certain amount.
And this amount will continue to rise until such a time when customers will, voluntarily, give up using cash as it will be too expensive for them to do so.
The first EU country to be chosen for this experiment is going to be Hungary and to begin with, beginning from 2013, each and every cash withdrawal from one's account, whether at the bank till or via an ATM, a tax of 0.3% will be levied. This means that a Hungarian withdrawing 1,000 Euro from his or her account will have to pay 3 Euro in tax.
This tax rate is going to be increased to 1% within a year or so and then to 5% in the next couple of years. And I am sure that a 5% levy will soon – nay even a 1% levy – have people abandon cash altogether.
We can be certain that, in the not so distant future, other EU member countries will also be forced to introduce this very tax until such a time that no cash transactions are conducted any longer in the EU.
That way the great leaders of the central committee of the European Union, who were never elected nor appear to be answerable to any ordinary person in the EU, will also know what each and every citizen buys and where he shops, and much more.
Small traders, such as those on markets, and others, will suffer and will have to close. So much for sustainable commerce and all that jazz.
The European Union is a fascist state. It may be presently still in disguise but the layers are peeling and are beginning, more and more, to reveal the true nature of the beast.