France Moves in the Direction of Banning Cash

Wednesday, April 1, 2015
By Paul Martin

By: Nathan McDonald
GoldSeek.com
Wednesday, 1 April 2015

Long has the government waged war on the privacy and freedom of its citizens. Government has an insatiable appetite for more power and control. This is ultimately how it expands itself and exerts its dominance and ability to tax / steal the wealth of its people.

Increasingly, governments are becoming more interested in the ability of its citizens to spend uninhibited amounts of money in the form of cash. Cash, although fiat, at least grants the ability of some privacy to its user and is typically readily converted into most other forms of fiat money.

Gold, which also holds these positive characteristics of cash, has already suffered under a long-term campaign by western governments, in which they have sought to discredit and label it as a relic.

Despite their best efforts, gold has persevered and will continue to do so in the future, as it cannot be readily printed into infinity by any one government who wishes to see its destruction.

Unfortunately, fiat money does not possess these qualities that gold possesses. Fiat can and has been in the past, printed into infinity. Inflation has ruined peoples lives and evaporated the savings of its holder, time and time again.

At least compared to the new emerging form of “electronic money” (i.e. debit cards, credit cards, online banking, etc.), cash at least still holds onto that one positive quality, which is the privacy it can offer its user.

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