Germany Unveils “Cash Controls” Push: Ban Transactions Over €5,000, €500 Euro Note

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On Tuesday we got the latest evidence that officials across the globe are preparing to institute a cashless “utopia” when Handelsblatt reported (in a piece called “The Death of Cash) that the Social Democrats – the junior partner in Angela Merkel’s coalition government – have proposed a €5,000 limit on cash transactions and the elimination of the €500 note. 

Berlin is using a familiar scapegoat to justify the plan: the need to fight “terrorists” and “foreign criminals.”

“Limits on cash transactions would discourage foreign criminals from coming here to launder money,” says a paper penned by the Social Democrats. “If sums over €5,000 have to pass through traceable bank transactions, laundering would be severely hampered, it adds.”

Read more at www.zerohedge.com

War on cash has come to new heights by labelling cash as dirty and used by terrorists. They want to take away your cash so they can follow everything you do. (Forsooth)

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Published in: on February 4, 2016 at 22:18  Leave a Comment  
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