EU Banning Cash in 2017

By Simon Black via Ron Paul Liberty Report

The European Union’s primary executive authority, known as the European Commission, issued a “Road Map” last week to initiate continent-wide legislation against cash.

There are already a number of anti-cash legislative measures that have been passed in individual European member states.

In France, for example, it’s illegal to make purchases of more than 1,000 euros in cash.

And any cash deposit or withdrawal to/from a French bank account exceeding 10,000 euros within a single month must be reported to the authorities.

Italy banned cash payments above 1,000 euros back in 2011; Spain has banned cash payments in excess of 2,500 euros.

And the European Central Bank announced last year that it would stop production of 500-euro notes, which will eventually phase them out altogether.

The Other 'Ban' That Was Quietly Announced Last Week

"...the Federal Reserve Bank of San Francisco released a ton of data late last year showing that 52% of grocery purchases, along with personal care products, are made in cash and 62% of purchases up to $10 are made in cash. But even at much higher amounts over $100, nearly 1 in 5 purchases are still made using physical cash. This doesn’t sound life nefarious criminal activity to me. It seems that perfectly normal, law-abiding citizens still use cash on a regular basis."

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