Davos Elites Call For a Ban on Physical Cash... in the US.

http://www.zerohedge.com/news/2017-01-17/ ^

[Lorianne]

Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos…

“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”

https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist

[SaveFerris]

[bank card swipes]

They’ve got them to plug right into your cell phone.

As you know.

Paypal, I think, has been promoting this for awhile.

[Chuckster]

Explain then what happens when your electronic balance is 0 and you need to buy food or pay the rent. Sure, you have no debt. So what?

What happens when the power grid goes down? You won’t be able to keep an emergency stash of cash to get through a temporary inability to access your accounts.

What happens if you are locked out of your accounts for some reason, like a hack?

I keep a couple of $K in cash just in case and I think anyone who does not keep at least a few hundred in cash aside for emergencies is a fool.

[Buckeye McFrog]

Well then Lizzie Warren would see her wish come true.

Public street lynchings of bankers.

[Rebelbase]

They'll have one of these beebers strapped their their thigh.

[Army Air Corps]

Joseph Stiglitz is another member of the Clinton Cabal.

[central_va]

For single guys maybe. Married guys wouldn’t chance it being traced back to them. This will dampen the “Gentlemen’ s club” scene.

[Fresh Wind]

They want to tax yard sales?

They want to tax EVERY financial transaction. Even the kids' lemonade stands (after they charge them for a permit and conduct a sanitary inspection, of course).

[Boomer One]

Electronic funds -all the easier to “Tax and Take”. Eliminate cash and a barter society will emerge.

[DoodleDawg]

There are important issues of privacy, cyber-security...

Ya think?

[Ted Grant]

The black and gray market is way too large and those in it will protect it. Won’t happen in our lifetimes.

[Oldeconomybuyer]

Phasing out currency and moving towards a digital economy would

If we do, I predict a 14-year old hacker will become the richest person in the world.

[VRWCarea51]

It wasn’t but a year or two ago several banks/credit card issuers attempted to deny users the ability to purchase firearms with them.

Tell me again, what this is about? /s

[Moonman62]

Yes, and if someone hacks your account and digitally wipes it out and all record of it, you have what exactly?

...

Rich politicians and their donors.

[Army Air Corps]

They will happily see the end of garage sales or church bake sales for that kind of control.

Joseph Stiglitz's entire shtick is about collecting as much data on participants in an economy as possible so as to control that economy and make everything "stable and equal."

[metmom]

Yup, and I’ve had enough of them.

[cincinnati65]

Think of all the potential Russian hacking opportunities.....

[Garth Tater]

The Indian Gov't is happy because tax revenues are up 14% since they banned large cash notes, and no politician is paying a political price either. Don't think that our own elites, leftists, and statists are not watching closely.

They may be soon watching as their heads drop into baskets if they're not careful. Eliminating cash is a red line for a lot of people. Free people that is.

[Ciaphas Cain]

Am I the only one who every time he sees the word "Davos", he immediately envisions Davros instead?

[DoughtyOne]

People at Davos discussing our money?

What the hell?

[beethovenfan]

Don’t let ‘em put that mark on your arm or forehead.