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Banning Cash: Serfdom in Our Time | |
train Offer Upgrade User ID: 71276461 United States 02/14/2016 01:24 PM Report Abusive Post Report Copyright Violation | The reason is simple: cash would allow people to escape from the one thing that could save their larcenous currency system: negative interest rates. To make this clear, I like to paraphrase a famous (and good) quote from Alan Greenspan, back from 1966, during his Ayn Randian days: The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves. Negative interest rates would give the banks 100% control over your purchases. They could, even in the worst pinch, allow you to purchase food while freezing the rest of your money. The average person would have no recourse and would simply be robbed… but very smoothly and with no human face to blame on. snip: [link to www.freemansperspective.com] One more step for total control. When the law no longer protects you from the corrupt, but protects the corrupt from you--You know your nation is doomed. Ayn Rand |
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