Elites at Davos: “We Should Move Quickly to a Cashless Economy So That We Could Introduce Negative Rates Well Below 1%”

• Something Very Disturbing Spotted In A Morgan Stanley Presentation
  by Tyler Durden, www.zerohedge.com 
  With central bankers losing credibility left and right, and failing outright to boost the “wealth effect” no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a necessary and sufficient condition to a regime of global NIRP.
  –
  And while in recent days we have seen op-eds by bothBloomberg and FT urging the banning of cash, the most disturbing development we have seen yet in the push for a cashless society has come from the following slide in a Morgan Stanley presentation, one in which the bank’s head of EMEA equity research Huw van Steenis, pointed out the following… (top of post)
  –
  read more.

end