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IPFS News Link • Economy - International

Bamboozlement of Bank Runs as World Goes Cashless

• The Daily Bell

Norway's biggest bank DNB calls for the end of cash ... Could Oslo become Europe's first cashless capital? ... Norway's largest bank has called for the country to go totally cashless over fears of illegal activity. - UK Independent via Times of India

Dominant Social Theme: Let's focus on the bank runs while we build our cashless society.

Free-Market Analysis: Headlines are not shying away from Italy's banking insolvency, which is forecast to overtake all of Europe sooner or later and then, like Superman, to "go beyond."

Any time the mainstream media focuses on an issue with some directness we know it is something that globalists want mentioned. In this case, they want to keep us fearful, afraid we will go to bed starving and shivering in the dark.

But it is very likely we are looking at a dual meme here, as both events seem to have arisen at once.

More from the Times: "DNB has said 60 per cent of Norwegian cash usage is out of government control and is being used in money laundering schemes and black market deals."

That's an astounding statement, and who knows how accurate it is? In any event, it surely includes such activities as gambling, prostitution and drug purchases; in other words, activities that the state declares to be criminal even though they are in a sense "victimless" and dictated by human nature.

We've already covered the ascension of the cashless meme here. A recent post at End of the American Dream arrives at much the same conclusion we did.

In "The Beast System Arises: The Largest Bank in Norway Calls For the Elimination Of Cash," the author Michael Snyder points out that, "They ... are selling this as a way to crack down on criminals and money launderers, but in the end, the truth is that they want to be able to force everyone in society to use the banks and it would enable them to collect fees on almost every transaction."

He adds, "It is an agenda that is being driven by greed, but it could also open the door for great tyranny."

Importantly, he writes, "In addition, there would be absolutely no escaping the bank bail-ins that are coming in Europe. If there was no way to pull your money out of the system, there would be no way to avoid the kind of theft that has now been institutionalized by European authorities."


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