Just last week, Reuters UK told us that some Monte dei Paschi bank customers in Italy had pulled their savings out of the bank over a 'mountain of bad loans' that had wiped away 60% of their market value this year. Over at King World News, legend Egon von Greyerz warns us that government's across the planet are now preparing for total collapse. He also warns us of a triple threat to the United States and tells us that all bank deposits are at risk.
Over at Greg Hunter's USA Watchdog, former Reagan White House Budget Director David Stockman tells us that retail investors are going to take a hit as investors head to the slaughter...one more time. You can listen to Stockman in the 2nd video below where he tells us that "we are nearing the end". In the 1st video below we hear more about what's on the way as the old system goes away with the war on cash as planet Earth is slowly molded into a cashless society.
Stockman warns the next crash will be bigger than any other in history. Stockman, the best-selling author of “The Great Deformation,” says, “I think we have been building a bubble year by year since the early 1990’s. The earlier crashes that we are so familiar with, Dot Com and the Housing Crash, were only interim corrections that were not allowed to work their way clear. The rot was not effectively purged from the system because central banks jumped back in within months of the corrections and doubled down in terms of the stimulus and liquidity that they pumped into the market.”
Stockman contends, “We are nearing the end. I think the world economy is plunging into an unprecedented deflation recession period of shrinkage that will bring down all the markets around the world that have been vastly overvalued as a result of this massive money printing and liquidity flow into Wall Street and other financial markets.”
The story over at The Daily Bell tells us that Norway's biggest bank, DNB, is calling for the end of cash. While those in government say that the 'end of cash' is a way to crack down upon crime and money laundering, we learn that it would really be no such thing...in fact, a cashless system opens the door to incredible tyranny.:
In "The Beast System Arises: The Largest Bank in Norway Calls For the Elimination Of Cash," the author Michael Snyder points out that, "They ... are selling this as a way to crack down on criminals and money launderers, but in the end, the truth is that they want to be able to force everyone in society to use the banks and it would enable them to collect fees on almost every transaction."
He adds, "It is an agenda that is being driven by greed, but it could also open the door for great tyranny." Importantly, he writes, "In addition, there would be absolutely no escaping the bank bail-ins that are coming in Europe. If there was no way to pull your money out of the system, there would be no way to avoid the kind of theft that has now been institutionalized by European authorities."
What would a cashless society look like? Zero Hedge has an interesting new story on exactly that. Are we headed towards a 'cashless society'? Each and every day we're reading more stories about what's coming. While 40+ years ago most Americans would have thought a cashless society was only something out of 'science fiction', there are clearly those who have been planning for such a society for a very long time. As Bio-Prepper tells us in this story called "Fall Of The American Empire: They Intend To Collapse The Financial System", that's been the plan all along.
