“De-cashing is defined as the gradual phasing out of currency from circulation and its replacement with convertible deposits…At least at the level of major countries and their currencies, the authorities could coordinate their de-cashing efforts. Such coordinated efforts are, in particular, important in the decisions to phase out large denomination bills for all major currencies, to use ceilings and other restrictions on cash transactions, and to introduce the reporting requirements for cash transactions or their taxation. For currency areas, a single de-cashing policy would be clearly preferable to a national one.”
The above text is a direct excerpt from an IMF Working Paper titled, “The Macroeconomics of De-Cashing” (LINK). Web-sleuthing by Rory Hall at The Daily Coin brought this to my attention. You can read his analysis here: “De-Cashing – Soft-Selling Financial Enslavement.”
In short, the IMF is now publishing working papers papers advising Governments how to “de-cash” their system in a way that produces the least amount of resistance from the populace: “In any case, the tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks.”
“De-cashing” is a “politically correct” term for “remove freedom from the pockets of the citizens by imposing on them a digital currency system.” The Paper presents the standard
New World Order arguments against cash: “tax avoidance, terrorism financing and money-laundering.” Of course, all of those business endeavors are an integral part of the Too Big To Fail Bank business model. The benfits outlined in the paper are entirely unprovable: increase “financial inclusiveness?”; reduce illegal immigration; improve the environment (LOL, but I’m not kidding – that argument is in the paper).
The bottom line is buried in the paper: “Carrying cash is a human right and is written into constitutions, which therefore have to be changed. Social conventions may also be disrupted as de-cashing may be viewed as a violation of fundamental rights, including freedom of contract and freedom of ownership.”
With the passage of the Patriot Act, the Government ushered in its final solution to removing individual freedoms and imposing Totalitarianism. Taking cash currency away – and replacing it with a digital currency system is the last step required for the Government to take complete control over your life. If the IMF is publishing manuals suggesting the steps to take in order to “de-cash” the system, it means the implementation of such a system is right around the corner.
My guess is that the majority of the public will go along with the removal of cash from the U.S. financial system with less protest than when the Patriot Act was implemented and habeas corpus was removed via the Detainee Bill, which Obama converted into an official legislative act. Most Americans have become dumbed down to the point at which they don’t understand the implications of de-cashing the financial system. It’s like watching a barnyard full of chickens cheering at the appearance of Colonel Sanders.