Source: Pravda.Ru photo archive
Brussels is going to bring about new steps in order to cope with the debts of European bank reserves. It decided not to undertake any further reforms to tackle the existing economic problems but rather to get rid of all cash.
To maintain the euro, they must maintain the banks. But the bank reserves consist of debts of all member states. As government becomes insolvent as in Greece, the banking system is undermined. The only way to prevent the banking collapse is to prevent people from withdrawing cash. Hence, we see this trend surfacing all the mainstream press to get the people ready for what is coming after 2015. We can even evidence this approach in major parts of Germany.
There will be no ability to buy or sell anything without government approval. That is where we are going and this may be the major event that erupts after 2015.
Thus, the European banking system may face totalitarian regime.
The bail-in that took place in Cyprus has further encouraged governments to safely continue on the course.
Related news from Pravda:
Denmark The First Country To Ban Cash
June 5 2015 | From: Pravda
In the last few weeks there has emerged a great deal of chatter in both the alternative and mainstream media about efforts to reduce the use of cash or ban it altogether – from many different sources and countries. Denmark looks to be the first to ban cash.
The government has already declared it as part of cost-saving measures. It is directed at taxes securing and preventing banks from complete collapse that is possible due to bank runs.
People should be ready that they won’t be able to pay in cash in stores, restaurants and petrol stations within the territory of the country in the near future. There will be also considered some measures in order to prevent the capital flight from other countries. Otherwise, there may be a major capital disturbance unless all nations abolish cash simultaneously.
This appears to be the big issue that is likely to unfold with the ECM turning point at the end of September 2015.
Pravda.Ru has already reported on the economic totalitarian regime that will lead to the total control of money by the state. No ability to buy or sell anything without government approval will be provided.
Freedom of movement and travel will be restricted in Rome, if you owe money to the state.
The USA has already introduced passport revocation practice in case you owe the government more than $50,000.