Ending the Ownership of Money…”At this point, the economies are being held together through only one factor: continued faith in the currency by the average citizen. As soon as that faith disappears, the economies will crash.”
by Jeff Thomas, International Man
The Daily Coin
July 2, 2015
As is now common knowledge, some of the world’s most powerful countries are insolvent due to ever-increasing sovereign debt. At this point, the economies are being held together through only one factor: continued faith in the currency by the average citizen. As soon as that faith disappears, the economies will crash.
Not surprisingly, the leaders of these countries and their close associates (particularly the banks) are actively seeking means by which they can escape the effects of the crisis they have created and still retain some sort of control.
For some time, I’ve predicted that one way in which they will accomplish this will be the elimination of cash, that in order to prevent a run on the banks in which the average citizen simply removes his money from the system, such a removal would be made impossible by ending the existence of bank notes. It would be replaced with an electronic currency system, so that the only “cash” that exists is a credit in a bank account.
When this prediction was first suggested, it seemed to many to be both alarmist and ridiculous. Mankind has always had hard currency in some form, something physical that could be held in the hand. But with computerisation, the elimination of physical currency is possible.
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