Because Terrorism: The European Commission Looking To Ban Cash And Limit Cryptocurrencies
Last week, a far-reaching ban on cash was proposed by the European Union's primary executive authority which is referred to as the European Commission. They came out with a detailed plan for how they were going to initiate a global effort to try and further legislation that moves to ban cash around the world.
Their impact assessment on the matter proposes that cash should be restricted in order to try and prevent terrorist financing; among other concerns.
They argue that by restricting the possibility to use cash in the market, that it would disrupt the financing of terrorism. And they don't just want to crackdown on cash, it's said that the European Commission is also mulling over new limits to cryptocurrencies as well.
They also assert that by restricting cash that it will lead to the developments of new and alternative payment technology (....like cryptocurrency?).
Different EU countries, and others around the world, are already moving forward with adopting their own unique approaches to addressing the culling of cash in different ways. Today, there are a number of seemingly anti-cash legislative measures in the EU, India, Venezuela, and elsewhere, that appear to be slowly trying to get rid of paper money from the market.
The report suggests that more severe restrictions are needed in trying to phase-out the cash money and they plan to enact their plan by next year.
But if we are going to really pretend like we want to address the matter of who/what is funding terrorism, then we need to be more honest about where that funding/those weapons are coming from.
Who Really Funds Terrorism?
Big Banks
There have been a number of fingers pointed and accusations made about big banks being involved in funding terrorism. There have even been lawsuits filed (like Freeman v. HSBC) which allege that banks like HSBC, Barclays, Royal Bank of Scotland, and others might have committed acts of international terrorism, by providing billions in funds. Before considering a world-wide ban on cash, perhaps law enforcement officials should honestly look at which financial institutions might be guilty of directly or indirectly funding terrorism themselves.
In another lawsuit, a group of wounded American Iraq War veterans allege that prominent financial institutions (several of them) are guilty of helping to fund militants and terrorism. There were over 200 veterans involved in that lawsuit and they pointed the finger at a number of banks: Barclays, HSBC, Credit Suisse, and others.
Governments
It is no secret that governments themselves are likely responsible for heavily arming and funding terrorists ("militants" or "rebels") overseas. And their meddling has only seemed to cause even more chaos around the world, it hasn't slowed terror down any. By funneling weapons and funding overseas to these areas and getting involved with training whatever "rebels" they are friendly with at the time, their agencies have consequently created terror groups like ISIS.
There have even been allegations made by world leaders that G20 members themselves are involved in funding and perpetuating terrorism around the world.
And if the ban on cash is being introduced under the guise of addressing the underlying problem of where terrorism really is getting its resources and funding, then why are we not being honest about looking at the true sources; no matter how controversial it might be.
Pics:
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Sources:
http://ec.europa.eu/smart-regulation/roadmaps/docs/plan_2016_028_cash_restrictions_en.pdf
http://www.ronpaullibertyreport.com/archives/the-other-ban-that-was-quietly-announced-last-week
https://easterndaily.com/european-commission-cryptocurrencies/
http://www.econotimes.com/European-Commission-mulls-introducing-transaction-limits-on-cryptocurrencies-514067
http://www.coindesk.com/european-commission-transaction-limits-digital-currencies/
https://www.bloomberg.com/news/articles/2015-02-19/are-credit-suisse-rbs-standard-chartered-hsbc-and-barclays-terrorist-banks-
http://www.ibtimes.co.uk/western-banks-terrorism-isis-nihilism-dark-finance-fuelling-global-insecurity-1474508
https://dealbook.nytimes.com/2014/11/10/suit-accuses-banks-of-role-in-financing-terror-attacks/
http://www.globalresearch.ca/america-created-al-qaeda-and-the-isis-terror-group/5402881
https://www.algemeiner.com/2017/01/15/watchdog-french-governments-funding-of-groups-with-alleged-links-to-palestinian-terrorists-highlights-hypocrisy-of-mideast-peace-summit-it-hosted/
https://www.rt.com/uk/189656-britain-isis-protest-london/
http://thefreethoughtproject.com/putin-shares-intel-g20-exposing-isis-financed-40-countries/
goo.gl/ms0sB5
https://medium.com/insurge-intelligence/former-turkish-counter-terror-chief-exposes-governments-support-for-isis-d12238698f52#.l726zb9ro
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I'd be okay banning government and big banks to stop terrorism.
I just want to add this ( hopefully interesting ) http://www.zerohedge.com/news/2017-01-27/europe-proposes-restrictions-payments-cash
on your excellent article.
It wouldn't be too far fetched to consider most than probable the odds of finding the ones funding such a switch of thought in relation to the value of raw cash for a crypto-currency or crypto-currencies they legislate and tweak to their advantage, as per usual.
Therefore , the rhetorical question at the end of your post "why are we not being honest about looking at the true sources; no matter how controversial it might be" might find it resolution in the uncovering of the same people.
On so many levels, I can't stress enough the critical aspect of having an equalitarian open system allowing full anonymity and, thus, fair financial empowerment for all. For some reasons, it sounds like it could be justice for all too!?!
All for one and one for all! Namaste :)
In many cases in Singapore, government services over the counter can only be paid electronically - credit card, debit card, cash card or bank card. I think there other factors for that. They don't want employees handling cash - productivity and theft issue I guess.
while it is the best trigger for public opinion making, nothing would change. you need to do something with cmedia also not to let them use drama to made other to people support politicals in the direction they want.
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