Canada just demonetized 1.1 billion in fiat cash
Over 1.1 billion privately-held dollars were vaporized by fiat (government decree) today, with the demonetization of several notes, including the $1000 bill. Any legally-obtained cash will be accepted for bank deposit for a limited time, but after that, it becomes not legal tender.
http://www.cbc.ca/news/politics/bank-notes-legal-tender-1000-bill-1.4554758
This is another devastating blow in a slow-motion battle against the encroaching cashless society. It has been happening all over the world, for generations.
From gold and silver, to paper, nickel, and copper.
Then, to plastic and steel.
Now, to microchips holding digital dollars.
Please be aware of this progression, and where it looks to be heading. Thank you for sharing this info with others who are receptive to it.
(DTube videos stop playing after a few weeks, leaving behind just the thumbnail. Luckily, I also uploaded this one to YouTube.)
DRutter
@drutter I will ReSteem this to help the Canadian #steemsilvergold guys to see your work and hopefully support your efforts with some UP Votes...............
Thank you very much bro, we definitely appreciate your help, things are advancing quickly now.
salutes
Did You Know that China will be " BUYING OIL" with YUAN on March 26, 2018. NOT THE US DOLLAR. Could that have something to do with what you are saying in the video???
Sure it could. The death of the petro-dollar has been like a slow-motion train wreck. As Mike Maloney says, each of these events is another nail in its coffin. So many stresses are piling up and coming to a head. The next crash looks like it will be The Big One.
And Iran just pulled the plug on the US Buck too. As if they aren't already banned from using it anyway.
True, but it might still be a worthwhile symbolic move.
I heard they did this in India a while ago. I think @jeffberwick talked about it on an episode of The Anarchast.
They were going even lower denominations than that. Apparently people were holding money themselves instead of putting it in the bank. When they eliminated the bank notes people were stuck with high sums of money. They couldn't make a $70,000 deposit all the sudden without raising suspicion. There were a lot of people that lost their savings.
The government says they are trying to disrupt organized crime by making them deal with smaller notes. I think they just don't want anyone hiding their money. It's makes it too difficult to take it away.
Yeah, that's my understanding of the situation in India as well. It caused (and is still causing) lots of turmoil for tens of millions of people. And like you said, it's just to consolidate government control over the people, it has little to do with fighting crime.
Sadly this is happening all over the world. Canada, Australia, India, everybody seems to be slowly chipping away at the people's right to private currency.