C-NOTE IN CROSS-HAIRS FOR GLOBALISTS
New York Times editorial board: ‘$100 bill must go’
Published: February 26, 2016
NEW YORK – In the afterglow of the recent World Economic Forum held in Davos, Switzerland, former Treasury Secretary Larry Summers is waging a war to eliminate America’s $100 bill – as part of the globalist strategy to prepare the United States for negative interest rates that will, eventually, result in punishment for savers.
“I remember that when the euro was being designed in the late 1990s, I argued with my European G7 colleagues that skirmishing over seiniorage by issuing a 500 euro note was highly irresponsible and mostly would be a boon to corruption and crime,” Summers wrote in a op-ed piece published in the Washington Post on Feb. 16.
It was there he argued the 500 euro note and the $100 bill should be discontinued and withdrawn from circulation. The fight he cited included concerns over the profit made by a government by issuing currency, especially the difference between the face value of coins or currency and their production costs.
In support of his argument, Summers cited a study published by the Mossavar-Rahmani Center for Business and Government at Harvard’s Kennedy School that argued eliminating high denomination, high value currency notes from circulation, including the €500 note, the $100 bill, the Swiss Frank CHF1,000 note, and the £50 note, would make transacting business more difficult for criminals….
“Punishing savers is exactly what central bankers – who are really central economic planners – would like to do. They think stinging savers with negative interest rates will encourage them to spend now. It’s effectively a tax on saving money,” Giambruno wrote.
“Central planners just want you to spend money. Even if you have to go into debt to do it,” he continued. “Consumption based on fear of negative interest rates is somehow supposed to ‘stimulate’ the economy.”
“Their solution to this ‘problem’ is to push the world closer to a cashless society. That cuts off your main escape route from punishment interest,” he notes….
Read the entire article at http://www.wnd.com/2016/02/c-note-in-cross-hairs-for-globalists/#C5fWDtsesRfTHImW.99
“It also forced all people,
great and small, rich and poor, free and slave,
to receive a mark on their right hands or on their foreheads,
so that they could not buy or sell unless they had the mark,
which is the name of the beast or the number of its name.”
(Revelation 13: 17-18, NIV)
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