More Davos Elites Suggest Banning Cash…

Wednesday, January 18, 2017
By Paul Martin

by Phoenix Capital…
Jan 18, 2017

A central theme for the Davos World Economic Forum is a push to ban cash.

Yesterday we outlined how Nobel Prize winning economist Joseph Stiglitz was urging the US to do away with physical cash.

Today, Paypal CEO Dan Schulman is doing much the same thing although in this case he claims that getting rid of cash will end “leakage” (Stiglitz and most elites usually suggest a cash ban will end money laundering or crime).

The digital revolution is making transactions cheaper and easier for millions of people worldwide and will eventually push out traditional forms of payment, like cash, PayPal’s Dan Schulman told CNBC on Wednesday…

“I think what we came to the realization of is that the war is really against cash and against waste,” Schulman said, speaking from the World Economic Forum in Davos, Switzerland. “There’s tremendous leakage in the system.”

The Rest…HERE

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