– France introduced laws last year which restrict French citizens from making cash payments over €1,000. Italy, Russia, Spain, Mexico, and Uruguay have all introduced similar laws that ban cash payments over a certain amount.
– Earlier this week, the ECB Council voted to scrap the €500 bill, a decision that would reduce the amount of physical cash in circulation by around 30%, despite the fact that such a move “would be negative for the currency,” according to a Bank of America analysis.
– Last month, Norway’s biggest bank DNB called for eliminating cash to “cut down on black market sales and crimes such as money laundering.”
– In August last year, the Financial Times published an editorial which called for the abolition of cash altogether to, “Make life easier for a government set on squeezing the informal economy out of existence.”
– At a secretive meeting in London last year, Kenneth Rogoff of Harvard University and Willem Buiter, the Chief Economist at Citigroup met with top central bankers to discuss phasing out cash.
– Former Bank of England economist Jim Leaviss penned an article for the London Telegraph last April in which he said a cashless society would only be achieved by “forcing everyone to spend only by electronic means from an account held at a government-run bank,” which would be, “monitored, or even directly controlled by the government.”
– The ultra-powerful Bilderberg Group also discussed the agenda to ban cash during its 2015 confab in Austria, a conference attended by numerous prominent bankers.
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