Negative Rates & The War On Cash, Part 4: “Financial Totalitarianism”
by Nicole Foss via The Automatic Earth blog,
ZeroHedge.com
Sep 11, 2016
Governments and central banks would very much like to frighten people away from cash, but that only underlines its value under the current circumstances. Cash is king in a deflation. The powers-that-be know that, and would like the available cash to end up concentrated in their own hands rather than spread out to act as seed capital for a bottom-up recovery. Holding on to cash under one’s own control is still going to be a very important option for maintaining freedom of action in an uncertain future.
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