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Former Senior Aide to FOUR Presidents Outlines How and Why the Elites Want to End Physical Cash

Phoenix Capital Research's picture




 

As we’ve noted previously, the War on Cash is accelerating.

 

In recent months:

 

1)   The SEC and other regulators have implemented legislation allowing Money Market Funds to lock in your cash for up to 10 days during the next financial crisis (meaning you cannot get your money out).

 

2)    The FDIC has implemented legislation permitting it to seize “systemically important” banks and convert their deposits into equity (the dreaded “bail in” used in Cyprus in 2013).

 

3)   JP Morgan and other large banks have begun rejecting large deposits.

 

4)   France has banned any transaction over €1,000 Euros from using physical cash. Spain has already banned transactions over €2,500. Uruguay has banned transactions over $5,000. And on and on.

 

There is a widespread global campaign to eradicate physical cash. And we’ve now got a connected insider confirming it.

 

Dr. Harald Malmgren is about as connected as you can get into the Washington DC political elite. He served as a Senior Aide to FOUR separate Presidents as well the Senate Committee on Finance.

 

This is someone who KNOWS what global elites are thinking about the financial system and US economy.

 

Dr. Malmgren recently gave an interview to Sinclair and Co that is absolutely shocking.

 

The very first sentence:

 

Banks in the US and Europe are trying to develop a cashless transactions system… The concept is to establish a comprehensive ledger for a business or a person that records everything received and spent, and all of the assets held – mortgages, investment portfolios, debts, contractual financial obligations, and anything else of market value including pleasure boats, automobiles, and other machinery.

 

He continues…

 

Governments would very much like such ledgers to exist because they could view everything that is taking place financially in real time, including ability to evaluate net worth, patterns of spending and of earned and unearned income, and of course, an instant assessment of all taxable activities.

 

We’ve been warning of this for months. However, Dr. Malmgren is the one to “connect the dots” of the key players in this global plan to erase physical cash and financial privacy.

 

This is not a dreamy idea. Blythe Masters, the JP Morgan architect of organized market trading of modern asset backed securities like mortgage backed securities and collateralized debt obligations…is leading a new business effort to develop a universal cashless system. Not only is she gathering significant investor interest, but the Federal Reserve and various US Government agencies have become keenly interested in the potential usefulness and efficiencies of a universal cashless system.

 

https://www.linkedin.com/pulse/cash-policy-tool-interview-hon-dr-harald-malmgren-tavares

           

The above description gets pretty technical, so let’s lay it out in clear, simple language. This is the woman who helped promote and institutionalize the securities that blew up the entire financial system in 2008.

 

Having left JP Morgan (after a lawsuit in which Masters was accused of lying under oath), Masters is now driving a push to allow Governments to monitor everything you do with your money in real-time.

 

This is not conspiracy, this is fact. Masters is already meeting with top financial executives to promote the idea. And Central Banks LOVE the idea.

 

That’s a bold statement, but Masters isn’t the only voice heralding the coming of the blockchain. The Bank of England, in a report earlier this year, calls it the “first attempt at an Internet of finance,” while the Federal Reserve Bank of St. Louis hails it as a “stroke of genius.” In a June white paper, the World Economic Forum says, “The blockchain protocol threatens to disintermediate almost every process in financial services.”

 

http://www.bloomberg.com/news/features/2015-09-01/blythe-masters-tells-banks-the-blockchain-changes-everything

 

Anytime the Fed calls something “a stroke of genius” you can guarantee it’s going to be a complete disaster for Main Street. Especially given who’s involved in this mess.

 

This is just the start of a much larger strategy of declaring War on Cash.

 

Indeed, we've uncovered a secret document outlining how the Fed plans to incinerate savings to force investors away from cash and into riskier assets.

 

We detail this paper and outline three investment strategies you can implement

right now to protect your capital from the Fed's sinister plan in our Special Report

Survive the Fed's War on Cash.

 

We are making 1,000 copies available for FREE the general public.

 

To pick up yours, swing by….

http://www.phoenixcapitalmarketing.com/cash.html

 

Best Regards

Phoenix Capital Research

 

 

 

 

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Mon, 11/23/2015 - 04:16 | 6826677 John_Coltrane
John_Coltrane's picture

These control freaks should study the North Korean "economy" and why it is mostly black market denominated in illegal dollars.  Even under pain of death an absolute dictactorship can't eliminate the laws of supply and demand or cash.  And if you want a bigger example of the impotence of fascist regimes look no further than the former Soviet Union which was forced to allow a small private sector (~3% of farmland) of cash based farms-or else the entire population would have starved.  Central governments are incompetent fools-and that's our salvation.  They rely on fear (of terrorism, climate change etc) and ignorance for their power.  Starve the beast by withdrawing your talent and wealth as Ayn Rand suggested in Atlas Shrugged. 

Tue, 11/24/2015 - 14:54 | 6833663 Painful Facts
Painful Facts's picture

ignore ayn rand, she told people to be selfish to justify the rich pillaging us, her disciple greenspan tells you all you need to know. soviet union was run by western capitalists to fail on purpose and make socialism look bad . . . . socialism in one country is not socialism and can't work because capitalists in other countries will bribe them to be corrupt.

Wed, 11/25/2015 - 01:39 | 6836698 TheReplacement
TheReplacement's picture

In other news, Stalin was a humanitarian.  Really.

Mon, 11/23/2015 - 02:58 | 6826617 stonehands
stonehands's picture

Over the last 15 years the world has been inventoried and every last spec of dirt has been rfid tagged - and trust me- you are next. From what I see,  people will clamor to be chipped. I own a pizza store in a major city, and the people are very angry that I dont take credit cards... no man can make the connection between social security number, credit cards, rfid, and the mark of the beast... the Lord says in the end, He will blind those who stubbornly remain in their sins, there will be no death bed conversions once the tribulation begins.

Now is the time to reject the god of this world, Satan, and his minions in the society of jesus [jesuits] the catholic church, cabala, secular humanism, evolutionists, and free- masonry. It's your free choice, exercise it!

Mon, 11/23/2015 - 02:21 | 6826576 All is chosen
All is chosen's picture

Shock News: - A phoenix cap. article has produced TWO pages of comment :0)

Mon, 11/23/2015 - 01:26 | 6826499 Clowns on Acid
Clowns on Acid's picture

Blythe Masters hosting the Hunger Games ...

Mon, 11/23/2015 - 01:13 | 6826484 headless blogger
headless blogger's picture

I was curious about Blythe Masters and it states in Wikipedia her father joined the Israeli Defense force after WWII and helped establish Israel. He was "the only gentile" in IDF. He also had ties to Zionism.

How convenient for Blythe, and explains her rise in the world of Banking.

Tue, 11/24/2015 - 15:33 | 6833930 Painful Facts
Painful Facts's picture

that is shocking and no one could have predicted it.

Mon, 11/23/2015 - 00:21 | 6826426 FIAT CON
FIAT CON's picture

Digital money will mean real slavery... they will be able to play the inflation game and devalue our freedom at will..

Sun, 11/22/2015 - 23:33 | 6826337 TurnwiseWiddershins
TurnwiseWiddershins's picture

Without cash, how do I know the amount of your 1's and 0's is legitimate?

Sun, 11/22/2015 - 23:31 | 6826335 FIAT CON
FIAT CON's picture

As the .gov and the Banksters keep this negative shit up more and more transactions will go underground and it will starve the beast...

tick tock...

Sun, 11/22/2015 - 23:22 | 6826315 FIAT CON
FIAT CON's picture

Anytime the Fed calls something “a stroke of genius” you can guarantee it’s going to be a complete disaster for Main Street. Especially given who’s involved in this mess.

They had better be careful for what they wish for!

I think the substitue has been here for 4000 years ie. Gold & Silver...

Welcome to the rebirth of Gold and Silver as money....

Sun, 11/22/2015 - 21:57 | 6826138 Crocodile
Crocodile's picture

One reason for taking away industrial jobs was to make people more dependent on technology and less dependent on their own skill sets. Always leading toward total dependence and thus total control....look at local farmers who cannot sell many of their goods without gov't harassment. 

 

How many can do basic wood work or plumbing in their own homes?  If the crap hits the fan; I'll take Johnny Red-neck or Joe "PHD".

Sun, 11/22/2015 - 21:39 | 6826083 nathan1234
nathan1234's picture

IMHO

First they will use the new Bailin laws to take away your money with a collapse.

Then they will open the spigot (of their computers) and digitally release vast amounts when they are in control.

Now , after this, they will have you by your balls and keep you squeezed for your lifetime

 

Sun, 11/22/2015 - 21:16 | 6826007 Dickweed Wang
Dickweed Wang's picture

Presented without comment:

"And he causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name.…"

Sun, 11/22/2015 - 21:51 | 6826121 Crocodile
Crocodile's picture

This is in the future and by the time that comes; I will not be here and neither will you if you are a Christian.  That mark is in relation or conjunction to some form of worship.  We are definitively in the beginning of birth pains, the fist of 3 stages of labor, but the baby is coming, so to speak.  Our Lord bless you!

Sun, 11/22/2015 - 16:19 | 6825137 headless blogger
headless blogger's picture

It's going to take a major crisis, bigger than 9/11, to install this, though. We get to look forward to something big happening and not knowing where, when, or what. But no worries, our government will protect us......unless it's been them all along...

Sun, 11/22/2015 - 17:21 | 6825336 83_vf_1100_c
83_vf_1100_c's picture

   I'll watch it go down on the internet from out here in the country. Unless they nuke DFW and there is a west wind its just more circus!

 

Sun, 11/22/2015 - 16:11 | 6825112 Praeda2
Praeda2's picture

Look at how easily these cocksuckers got the TP* treaties signed.

They'd probably do something like, you get interest if you use the new system, otherwise it costs you to use cash. That doesn't work and you get FREE $10,000!.

First guys that introduce it get voted out? When does ANY party undo anything significant that the previous one did? Less often then a guy who gets elected to do something he said he would then fails to do. Just look at the pigs in Greece.

If it happens, besides wanting to be dead at that point, it will probably be part of some UN world government bullshit.

For tax collection I think it would backfire. Every time there's some deficit these dummies raise taxes and collect less. Unless it's global, people will transact in another currency. If it is global, PM's or some other digital thing. Of course that will all be made illegal. Like 10 year mandatory minimum sentence for having silver hahaha.

Unfortunately most people will go along with it. They live paycheck to paycheck and part of why, is they have no idea how anything works.

Sun, 11/22/2015 - 15:51 | 6825065 Lmo Mutton
Lmo Mutton's picture

I don't hate women.  I love the ladies.

Blyth is neither.  I left a homework assignment, have you researched it yet?

Sun, 11/22/2015 - 15:23 | 6824998 silverthorn
silverthorn's picture

 EMP wipeout.

Sun, 11/22/2015 - 15:16 | 6824973 lola jayne
lola jayne's picture

your comments section does not place the comments where they should.

WTF. Fuck this.

Sun, 11/22/2015 - 14:11 | 6824768 Sudden Debt
Sudden Debt's picture

What a load of bullshit.

A blockchain currency as a replacement?

Like bitcoin has already shown us, it's totally unstable and jumps 10% points in days up and down. Why in their right mind would put their money into that?

Governments want a currency they can print because otherwise we'de need stable and sound govenrments.

Wars would never get funding. Deflation would be rampant.

A blockchain grows in size every time it's used and after 2 decades you'd need a supercomputer per unit to transfer.

there's just to many idiots who think bitcoin is a investment tool and not a gambling toy. And every time they buy that crap, they are suddenly believers....

idiots...

 

Wed, 11/25/2015 - 01:52 | 6836717 TheReplacement
TheReplacement's picture

If they control the "block chain" then they can use our taxes to scale it up on the backend.  Think NSA type facilities.

If they control the "block chain" then they can just manipulate it at will by printing 1s and 0s until the computer runs out of screen pixels.

If they control the "block chain" then they can frame up any opponent for any reason at all and there would be nothing you could do about it.

Hasn't anyone thought of tiered storage and processing for archiving block chain data?  It is a fairly common techology these days.  The bits of the block chain in play could be kept a static size/length and any need to go back (say 7 years) then you pull data from a secondary or tertiary system.

It really is a gateway to tyranny this block chain thing. 

Sun, 11/22/2015 - 14:25 | 6824834 agent default
agent default's picture

The problem is this infatuation of theirs with digital fully traceable transaction systems.  You are right about the blockchain but the underlying technology is not the core of the problem.

Sun, 11/22/2015 - 13:58 | 6824733 agent default
agent default's picture

Now you know what the bitcoin shills are about.  Every time there is an article like this they suddenly go very, very quiet.

Sun, 11/22/2015 - 13:50 | 6824714 Lmo Mutton
Lmo Mutton's picture

"16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or[f] the name of the beast, or the number of his name."

 

Oh it IS going to happen.  Resist all you want little sheeple but it would be more prudent to do your homework and wake the flock up™.

 

Masters is NOT smart enough to come up with this on her own.  The whore is banging satan himself and when he tells her to make a f'n sammich, she makes a F'n sammich.  When he tells her to teach the banksters how to get rid of cash, she teaches the banksters how to get rid of cash.  She is as useless as a cuntless whore but stick satans dick in her @$$ and she WILL destroy cash.

 

Here are your homework assignments;

http://www.genesis6giants.com/

http://www.stevequayle.com/index.php?s=623

https://youtu.be/E8dUQOaSmSE

That is all.

 

 


Sun, 11/22/2015 - 21:01 | 6825974 lakecity55
lakecity55's picture

It will happen, but an Underground will rise up against it.

Barter, trade, etc.

However, it will be the mark of 666, or if you are not religious, a mark of world tyranny.

Fuck 'em.

Sun, 11/22/2015 - 16:16 | 6825124 headless blogger
headless blogger's picture

But the question remains: Will you, Lmo Mutton, accept the mark?

Sun, 11/22/2015 - 15:17 | 6824976 lola jayne
lola jayne's picture

Take your womanhating Bullshit out of here. What a piece of trash you are. Incinerate yourself post-haste manscum.

Sun, 11/22/2015 - 20:16 | 6825846 DollarMenu
DollarMenu's picture

In case  you have not learned, there is a difference between a woman and Blythe Masters.

Blythe is no woman.

Sun, 11/22/2015 - 13:43 | 6824689 Vendetta
Vendetta's picture

they will have to kill off all the homeless people and many others on the lower rungs of society which they create more of everyday just to stick with their ideology which is fatally flawed.

Wed, 11/25/2015 - 01:54 | 6836722 TheReplacement
TheReplacement's picture

Have you never heard of starvation?

Sun, 11/22/2015 - 13:41 | 6824683 yellowsub
yellowsub's picture

I think they're just more interested in the latter where they will begin tagging us and issuing out gov't drab civilian uniforms then assigning you to a re-education center...

 

Sun, 11/22/2015 - 21:02 | 6825977 lakecity55
lakecity55's picture

We'll all be wearing OD suits like the Norks.

Shit.

Sun, 11/22/2015 - 13:23 | 6824624 Joebloinvestor
Joebloinvestor's picture

Craigs list, one of the cornerstones of the future barter trade that will give the government conniptions.

Wait till the phone apps.

Sun, 11/22/2015 - 13:12 | 6824588 rsnoble
rsnoble's picture

Eat shit fuck off and die US gov't.

Sun, 11/22/2015 - 21:04 | 6825981 lakecity55
lakecity55's picture

Or, Fuck Off and Eat Shit, Globalists.

Let's set fire to the next Bohemian Grove. That will slow 'em down a while.

Sun, 11/22/2015 - 13:12 | 6824583 dizzyfingers
dizzyfingers's picture

https://en.wikipedia.org/wiki/List_of_systemically_important_banks

Re bail-ins: Why, since these banks destabilized themselves via the decisions they made that turned out to be bad ones, without asking the public what we/they thought about matters, should the public now bail them out, AGAIN? Can't wait to see the answers.

Sun, 11/22/2015 - 12:54 | 6824533 shovelhead
shovelhead's picture

Yawn.

The Feds banned cannabis.

How's that working out for them?

Tue, 11/24/2015 - 15:36 | 6833952 Painful Facts
Painful Facts's picture

pretty good cuz it artificially raised the price and wall st banks launder all drug profits.

Sun, 11/22/2015 - 13:47 | 6824708 opport.knocks
opport.knocks's picture

Not well, there was not enough money in it for them so they just distribute heroin and cocaine.

Tue, 11/24/2015 - 15:42 | 6834003 Painful Facts
Painful Facts's picture

I know cannabis is not in the same boat like heroin and cocaine. but they are similar in terms of being illegal by the fed govt.

Sun, 11/22/2015 - 12:23 | 6824454 opport.knocks
opport.knocks's picture

... but, but, but,... how will the CIA run their guns for drugs programs, or oil for guns? Why do I expect this will only be enforced against the honest citizens.

Sun, 11/22/2015 - 11:47 | 6824355 Dr_Snooz
Dr_Snooz's picture

"The concept is to establish a comprehensive ledger for a business or a person that records everything received and spent, and all of the assets held – mortgages, investment portfolios, debts, contractual financial obligations, and anything else of market value including pleasure boats, automobiles, and other machinery."

The policies of the elites have so broken the economy, devastated the middle class and shattered the poor that the tax base has entirely disappeared. Yet rather than acknowledge their mistakes, they're engaged in this diminishing returns search for any remaining coins the people might still possess. Apparently, it's easier to force the world to dispense with cash than to implement policies that will enrich people again.

Newflash to the elite: the money you're looking for is already in your bank accounts. You stole it long ago.

Sun, 11/22/2015 - 19:22 | 6825696 TradingTroll
TradingTroll's picture

Yes correct. One of the better comments. You see if the US  has electronic  currency and so do others then EVERY central bank bank can print $. The US sells $100 bn of jets to a foreign country. Buyer prints electronic  currency.  This is no solution.

 

Wed, 11/25/2015 - 02:00 | 6836729 TheReplacement
TheReplacement's picture

I think it doesn't work as a solution for you because you are thinking of a very different problem.  The problem you look at is how to keep up global trade and the global economy.  Now ask yourself, why would they really care about that when the endgame is, and always has been, about power and control?  They don't care if China trades with the US or Russia as long as they have total control of everyone and everything everyone does. 

Peasants are cheap to these people.  Let them starve or kill each other to survive.  There are too many anyway and their farts are causing global warming.  500,000,000 sounds like a nice manageable number.

Sun, 11/22/2015 - 20:57 | 6825963 HardAssets
HardAssets's picture

Its not about 'solutions' and its not about tax receipts or 'money' -

Its about total control & your enslavement

Get it ?

Sun, 11/22/2015 - 21:23 | 6826031 TradingTroll
TradingTroll's picture

It will never work. Just because  you have Fascist or NWO or Zionist tattooed to you forehead  doesn't  mean you can control  human ingenuity. Remember  Napster? Shut down almost 20 years ago to stop files sharing.  And how's that working out for 'them'?Government  only knows how to punish and destroy  but not how to create. That means  government  will, one way or another, enable a new platform.  Examples: after banking standards increased after the housing collapse  they had to decrease them to stimulate the market, and in China after they shut down banks converting currency to Bitcoin which was at a time when they wound up needing to devalue the Yuan (also this was prior to the Yuan's inclusion  in the SDR) the Chinese ultimately  capitulated and started allowing exchange to convert Yuan to Bitcoin . Government is run by dumb people. The can only win things like 'prearranged  wars' and 'Die bold elections'.But you must know all this. Government  sent you to troll me. Sorry. Not interested.  I  only troll for trades.

 

 

 

 

 

 

 

 

 

Sun, 11/22/2015 - 11:29 | 6824307 roadhazard
roadhazard's picture

Not in your lifetime.

 

PS: I don't see four Presidents names listed.

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