The Canadian Government has announced that they intend to take their $100 Bill Note out of circulation very soon. They say it is to combat illegal black market activity..... BUT, if you know anything about how the monetary system works and what enables it to survive/ exist (globally) you will know that what they talk is total crap!
As we know..... Cash is the biggest enemy of any bank due to the threat of Bank-Runs. Banks only have about 1-2% of cash reserves held that belong to the unsecured depositor. If your wages/ salary go into your bank account then you are an unsecured depositor. If you sell your vehicle and you put your sale currency into your bank account then you are an unsecured depositor. If you have a bank account and use it to put any currency into it whatsoever..... you are an unsecured depositor! This isn`t the main reason why many, many countries (globally) are shifting towards a cashless society though.
The main reason why they want to move to a cashless society is because they want more control over us. They want to be able to keep more tabs on us and monitor everything that we do with our currency. Not only that, but they will have the power to be able to cut us off (financially and socially) if we dont stay within their expectations of how we should think, behave, conduct ourselves, beliefs, views and opinions etc. etc. etc.! George Orwell wrote a fictional novel back in the mid 20th Century and it was called - 1984! Things in that specific novel are now being pushed/ manifested into reality..... where the ruling elite (including Governments) controlled knowledgeable information so that the people they ruled over were brainwashed and told what to think and how to behave, and those that didnt were punished/ cut-off! It was because those that ruled knew that if the people were allowed to ligitimatly learn, gain accurate and truthful knowledge and therefore able to think for themselves and make well informed decisions..... the rulers power and control wouldnt have lasted for that much longer! In 1930s Germany, the NAZI`s did exactly that same thing with their book burning activities.
This is why I believe that buying Gold, Silver and DECENTRALISED Cryptocurrencies helps us to keep our freedoms and liberty long into the future! Not only does it mean that I am already dumping my £UK (and have been doing so for two years now) apart from for bill payments, but it also means I am protecting my wealth by having it/ holding it out of the entire banking system and also away from Government`s grimy little mitts!
Do you remember (at the top of this article) I talked of unsecured depositors?
When you place any of your currency into your bank account it actually becomes the property of the bank and they can do with it as they please/ see fit! There is a very large risk that if/ WHEN the banks get into financial difficulty next time they have the legal right to steal your currency. When you look at your bank statement that is just simply a document from the bank which is an I.O.U!
In my next article I will go into the subject of unsecured depositors further. You might be interested to learn that certainly the EU is trying to abolish the unsecured depositor insurance! They know something bad is coming down the financial pipe for sure.