It is obvious that the global elite wants to eliminate cash. Cash offers freedom. It is mainly untraceable and anonymous. Therefore, governments want to lead all citizens into digital accounts so they can monitor their transactions and freeze their accounts, when they need or want.
In 1969, the U.S. ended the use of $500 bills. Since then, the $100 bill has been the largest denomination but $100 in 1969 is only worth $20 today because of inflation. In 2019, the European Central Bank (ECB) ended the issuance of the €500 note. There is a limit on cash you can carry around or travel with. There are limits now in many countries of how much cash you can pay into your account, even when you identify yourself or can prove the origin of the money. ATM’s everywhere have reduced the maximum pay out amount on a regular basis. During the 2015 banking panic in Cyprus, banks were closed, ATMs were shut down. So, the war on cash is nothing new. But it has become more intense.
While Plan A is still to eliminate cash entirely, Plan B is to limit what you can do with cash if you happen to have any. It all points to ways governments will use money to control behaviour. They will finally introduce a social scoring and then act accordingly by introducing penalties, limiting funds or freeze accounts.
But governments are playing with fire. What they are missing is that if money is not available, people choose to riot, loot and burn down the banks and even topple governments until they get some. We have seen this all before.
Sven Franssen