Former Senior Aide to FOUR Presidents Outlines How and Why the Elites Want to End Physical Cash. ‘666’ Approaching Rapidly

• Former Senior Aide to FOUR Presidents Outlines How and Why the Elites Want to End Physical Cash
  by Phoenix Capital Research, www.zerohedge.com  
  As we’ve noted previously, the War on Cash is accelerating. In recent months:
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  1)   The SEC and other regulators have implemented legislation allowing Money Market Funds to lock in your cash for up to 10 days during the next financial crisis (meaning you cannot get your money out).
  2)    The FDIC has implemented legislation permitting it to seize “systemically important” banks and convert their deposits into equity (the dreaded “bail in” used in Cyprus in 2013).
  3)   JP Morgan and other large banks have begun rejecting large deposits.
  4)   France has banned any transaction over €1,000 Euros from using physical cash. Spain has already banned transactions over €2,500. Uruguay has banned transactions over $5,000. And on and on.
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  There is a widespread global campaign to eradicate physical cash. And we’ve now got a connected insider confirming it. Dr. Harald Malmgren is about as connected as you can get into the Washington DC political elite. He served as a Senior Aide to FOUR separate Presidents as well the Senate Committee on Finance. This is someone who KNOWS what global elites are thinking about the financial system and US economy. Dr. Malmgren recently gave an interview to Sinclair and Co that is absolutely shocking. The very first sentence:
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  Banks in the US and Europe are trying to develop a cashless transactions system… The concept is to establish a comprehensive ledger for a business or a person that records everything received and spent, and all of the assets held – mortgages, investment portfolios, debts, contractual financial obligations, and anything else of market value including pleasure boats, automobiles, and other machinery.
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  He continues…
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  Governments would very much like such ledgers to exist because they could view everything that is taking place financially in real time, including ability to evaluate net worth, patterns of spending and of earned and unearned income, and of course, an instant assessment of all taxable activities. 
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  We’ve been warning of this for months. However, Dr. Malmgren is the one to “connect the dots” of the key players in this global plan to erase physical cash and financial privacy. 
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  This is not a dreamy idea. Blythe Masters, the JP Morgan architect of organized market trading of modern asset backed securities like mortgage backed securities and collateralized debt obligations…is leading a new business effort to develop a universal cashless system. Not only is she gathering significant investor interest, but the Federal Reserve and various US Government agencies have become keenly interested in the potential usefulness and efficiencies of a universal cashless system.
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  read more.

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