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Tag: Cashless Society

Currency That Expires – That’s the Solution – Or Just Cancel it all?

Back during the Great Depression, there were people who theorized that gold hoarding was preventing an economic recovery. There is always this same theory that...

Australia Wants Two-Year Prison Sentences for Paying More Than $10,000 in Cash

In Australia, they want to make it a criminal act with a penalty of 2 years in prison for purchasing anything with more than $10,000 in cash. Australia is really...

UBS to Begin Charging Fees to Withdraw Cash

UBS will charge a 2 franc fee for withdrawing cash at the bank counter beginning in July, be it a withdrawal in CHF from a UBS private account or from a UBS current...

The Risks of a Cashless Society

QUESTION: Hi Mr Armstrong, Thank you for continuous education. I hope to get your view on cashless societies. There are worries that nations will move to cashless...

Canada sells off its Gold Reserves to the Retail Market

Canada has been selling off most of its remaining gold reserves to the general public. They have been selling gold coins and reaping better prices than dumping...

Eliminating Currency = Communism

Columbia University Economist Joseph Stiglitz says that the United States should phase out currency and move towards a digital economy. All of these people...

Government Requiring ID For Anyone Buying at Sotheby’s

As of January 1, 2017, you can no longer buy anything at Sotheby’s without proving who you are. I have bought many things from Sotheby’s over the past...

Monetary Devaluations & Cancellations

QUESTION: Mr. Armstrong; What Modi has done here in India is far worse than what the press reports. I read your piece that this is part of a larger plan discussed...

India is the Guinea Pig for Electronic Money

QUESTION: Dear Marty, What could be the true intentions of Prime Minister Narendra Damodardas Modi in India cancelling the currency overnight. I have been...

The New 2017 Banking System

The year 2017 will bring us a step closer to eliminating physical money through governments assault on the underground economy. I previously reported that Europe...