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Globally a war on cash has been declared. And India has now proved that it can be done with little consequence. More countries will now follow suit.

“So what, who cares?”, you might be asking. Everyone should care, because this trend is ending.

Globally over $52 TRILLION in debt is denominated in $USD. And Janet Yellen is talking about three rate hikes in 2017?!?

Indeed, stocks will be lucky if they don’t crash like they did in August ’15 based on what China’s doing with the Yuan.

Is China about to fire a warning shot on the US Dollar?

Mark my words... Yellen will be pushing for a cash ban in the coming months.

Paired with the crash in Copper we noted last week, this is a NASTY “one, two” punch to the “growth" story for any stock market bull.

2016 was the year in which the 7^th and 33^rd largest nations by GDP went effectively cashless… and no one lost their jobs over it. 2017 will be the year this policy spreads like wildfire.

This is a key “tell” and it’s telling us… point blank, that the “growth” trade that hit post November 8^th is out of steam.

This time around it's bondholders, but during the next crisis, depositors will be on the hook.

The $USD is currently above 103. This is a MASSIVE problem for the financial system, particularly China, the second largest economy in the world.

The market is about to wake up to the fact that the $USD’s strength is going to crush corporate profits in 1Q17.

The markets are priming for a major inflection point.

The last time this happened, stocks dropped 10% in the span of two weeks.

...straight from the architect of the global cash ban's 2014 research paper.