IMF Issue Working Paper on Eliminating Cash*

Apr12

IMF Issue Working Paper on Eliminating Cash*

The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing” the economies and the implications. This paper clearly demonstrates that this is the direction we are headed into. It provides advice to governments who want to join in the latest thing – abolishing cash. IMF-Analyst Alexei Kireyev recommends in his conclusions:

“Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.

The paper does not advocate eliminating cash. It merely goes through the plus and minus to such a policy. While governments are pressing this using terrorism as the excuse, you do not eliminate the entire monetary system of the world to even catch 100 terrorists and their camels. This is all about the collapse in socialism and the desperate need to raise money.

IMF De-Cashing Paper

Source*

Related Topics:

India’s Cashless Villages not Really There Yet, But the Nightmare Has Begun*

E.U. Desperate to Raises Taxes Starts Cashless Society Project November 2017*

Greece Bans Cash*

India: Millions Rise Up Against New World Order Ban on Cash*

A New Digital Cash System was Just Unveiled at a Secret Meeting for Bankers In New York*

The Global ‘War on Cash’: A Country by Country Guide*

Bank of Ireland Bans “Small” Cash Withdrawals*

Ban Cash to Help Central Banks stinks of Total Control – NWO’s Cashless Society*

Why Central Banks HATE Cash and Will Begin to Tax It Shortly*

Cash Banned in Louisianna*