Pravda.ru

News » Business

EU to get rid of cash – new economic totalitarian regime

19.05.2015 | Source:

Pravda.Ru

 
EU to get rid of cash – new economic totalitarian regime. Economy
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.

Also read: France to restrict movement of cash, gold and crypto-currencies

Pravda.Ru

Read article in Russian on the Russian version of Pravda.Ru

Read more on the subject here

 

 

Popular photos

Most popular

Russian MiG-31 shoot down cruise missile in stratosphere
Russian MiG-31 shoot down cruise missile in stratosphere
The missile was launched from the water area of the Sea of Okhotsk. It was flying at an altitude of more than 12 kilometers at a speed three times the speed of sound
Ukraine collapses officially: Donetsk and Luhansk republics create their own state
Ukraine collapses officially: Donetsk and Luhansk republics create their own state
The head of the People's Republic of Donetsk, Alexander Zakharchenko, announced the decision of the People's Republics of Donetsk and Luhansk to create a new state - Malorossiya
Рейтинг@Mail.ru Rambler_s_Top100_Service