The Elite's economic war on the people.

We have seen the Keynesian Elite wreak disaster on the economy with their low interest rate idiocy. But, they are not content to admit failure and try to restore financial sanity. The next steps in their idiocy is to ban physical cash then gold.

The reason given for banning cash is to deprive criminals of the use of paper cash. That is just an excuse. The real reason is to give the Elites control over cash. Just start counting the abilities the Elite can have. If they can herd  everyone into electronic cash the govt can:

1. increase taxation by declaring negative interest rates;
2. can increase or decrease the money supply by controlling the interest rate;
3. can control inflation (which is another tax);
4. can keep track of your earnings and spending.

Electronic cash then takes financial power from the people and transfers it to the Elites.

The introduction of these insanities is already creating havoc. India has outlawed the use of 500 and 1000 rupee bills. As you can expect, this is creating havoc with the banks. They are running short of cash. The people are being fleeced as well because the populace must use underground methods to cope. For example, underground money changers will give you 750 rupees in small denominations for a 1000 rupee bill. Others are using gold and as a consequence gold is selling in India for $2,000 per ounce, while the gold price has been beaten down to less that $1,200/oz in  the West.

Meanwhile, the EU has suspended the printing of the 500 Euro note. As a consequence, money changers are charging you 502 Euros for a 500 Euro note.

Dr Rogoff at Harvard is leading the war on cash in the US. Their goal is to outlaw physical cash. To do that, the Elites are suppressing the price of gold by using sale contracts on the COMEX (CRIMEX). The last beatdown of gold involved the dumpring of paper contracts for the sale of 6,000 tons of gold, which is twice the annual production.

Will the Trump Administration clamp down on the criminals manipulating the gold price?