01/24/2016 - Norway Joins In On The Worldwide War On Cash
Norway now appears to be joining in on the worldwide war on cash .. with estimates of only 6% of Norwegians using cash on a daily basis & with many of those being elderly people, Norway’s Ministry of Finance is opposed for now to the proposal .. nonetheless in the meantime, the big 2 banks in Norway have already stopped using cash in their branch offices. And the movement toward a goal of no cash has been going on for a while. The Norwegian Hospitality Association pushed to eliminate consumers’ right to pay cash at all stores & restaurants in 2013 .. many have emphasizes the trend is a big move away from privacy, with the government (state) now increasingly knowing what, how, when & perhaps even why you spend your money on .. Zero Hedge: “If allowed to continue, state wealth control will exist. And thus, as we concluded previously, if you can’t withdraw your money as cash, you have two choices: You can deal with negative interest rates…or you can spend your money. Ultimately, that’s what our Keynesian central planners want. They are using negative interest rates and the War on Cash to force you to spend and ‘stimulate’ the economy. If you ask us, these radical and insane measures are a sign of desperation. The War on Cash and negative interest rates are huge threats to your financial security. Central planners are playing with fire and inviting a currency catastrophe.”
