The famed economist Martin Armstrong wrote a piece on May 18 regarding the near instantaneous rush from banks, governments, and even university professors to remove the use of cash from the financial and monetary systems. And while those on the side of eliminating cash in the economy are saying it is to aid central banks in controlling monetary policy, the real reason the public is being placed on the chopping block once again is due to the very same reasons for the taxpayer bailouts of 2008.
The banks are insolvent, and they don't want to have to pay for their failed risks and speculations.
Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking that now leads us to the totalitarian approach coming from Brussels. To maintain the euro, they must maintain the banks. However, the bank reserves are 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 is surfacing in all the mainstream press to get the people ready for what is coming after 2015.75 – the elimination of cash. We are even starting to see this advocated in parts of Germany. We will not be able to buy or sell anything without government approval. That is where we are going, and it may be the major event that erupts after 2015.75. - Armstrong economics
This assessment, which has been affirmed by numerous sources now over the past month, leaves people with a limited amount of options. Either they can trust the banks to remain solvent, and rely upon electronic based monetary instruments (credit cards, debit cards) to be available. They can take all their money out of the bank, which of course would cause an instant panic and hasten their bankruptcies while forcing governments to intercede. Or they can move their cash into a hard but liquid asset, which is not only recognized by every country in the world, but is fungible enough to be transferable into any currency at a moments notice.
The best facility to accomplish the latter is through accompany called Karatbars. As a customer or affiliate with Karatbars, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system. From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.
Additionally, any gold that you buy can easily be sold back to Karatbards, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet. And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.
But the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate. Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.
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The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold. And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?
To learn more about Karatbars you can contact the Finance Examiner at firstname.lastname@example.org, or sign up with Karatbars for free as a customer or affiliate (business builder) by clicking the link below, and filling out the one page document.