Why Central Banks HATE Cash and Will Begin to Tax It Shortly

• Practically all central banks are privately owned Illuminist corporations. They serve the Illuminist (ie. Satanic) agenda of: Luciferian New World Order, World Government led by the Anti-Christ, Global Supra-National Central Bank –> ‘666’. The doing away of cash in favor of electronic transactions is a major step in the direction of microchipping the sheeple with RFID ‘666’.
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• Why Central Banks HATE Cash and Will Begin to Tax It Shortly
  by Phoenix Capital Research, www.zerohedge.com  
  Cash is a MAJOR problem for the Central Banks 
  The reason for this concerns the actual structure of the financial system. As I’ve outlined previously, that structure is as follows:
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  1)   The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.
  2)   When you include digital money sitting in short-term accounts and long-term accounts then you’re talking about roughly $10 trillion in “money” in the financial system.
  3)   In contrast, the money in the US stock market (equity shares in publicly traded companies) is over$20 trillion in size.
  4)   The US bond market  (money that has been lent to corporations, municipal Governments, State Governments, and the Federal Government) is almost twice this at $38 trillion.
  5)   Total Credit Market Instruments (mortgages, collateralized debt obligations, junk bonds, commercial paper and other digitally-based “money” that is based on debt) is even larger $58.7 trillion.
  6)   Unregulated over the counter derivatives traded between the big banks and corporations is north of$220 trillion.
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  When looking over these data points, the first thing that jumps out at the viewer is that the vast bulk of “money” in the system is in the form of digital loans or credit (non-physical debt).
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  Put another way, actual physical money or cash (as in bills or coins you can hold in your hand) comprises less than 1% of the “money” in the financial system.
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  As far as the Central Banks are concerned, this is a good thing because if investors/depositors were ever to try and convert even a small portion of this “wealth” into actual physical bills, the system would implode (there simply is not enough actual cash).
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  Remember, the current financial system is based on debt. The benchmark for “risk free” money in this system is not actual cash but US Treasuries.
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  In this scenario, when the 2008 Crisis hit, one of the biggest problems for the Central Banks was to stop investors from fleeing digital wealth for the comfort of physical cash. Indeed, the actual “thing” that almost caused the financial system to collapse was when depositors attempted to pull $500 billion out of money market funds.
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  read more.

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