http://www.talkmarkets.com/content/global-markets/here-is-the-real-reason-why-authorities-want-to-ban-high-denomination-bank-notes?post=85777&uid=4798
Getting rid of a major portion (30percent) of the money supply appears to be the real goal of the Eurozone! It has nothing to do with fighting crime, although that is the stated reason. This is just another battle in the war on cash. Tyler Durden says this on Talkmarkets:
Like the Pay Cash Only Movement page: https://www.facebook.com/Pay-Cash-Only-Movement-1486591244977682/
Getting rid of a major portion (30percent) of the money supply appears to be the real goal of the Eurozone! It has nothing to do with fighting crime, although that is the stated reason. This is just another battle in the war on cash. Tyler Durden says this on Talkmarkets:
...if overnight the €307 billion worth of €500 bills wereThis, of course, can help set the stage for more aggressive NIRP, negative interest rate policy, and the war on cash continues.
eliminated, the notional value of the entire amount of European physical
currency in circulation would decline by 30% to €700 billion!
Like the Pay Cash Only Movement page: https://www.facebook.com/Pay-Cash-Only-Movement-1486591244977682/
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