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Saturday, August 29, 2015

Financial Times Declares For State Fascism

Financial Times Declares For State Fascism


According to this article, the Financial Times and an anonymous coward who will not reveal his name have come out in favor of State Fascism. The plan is to eliminate cash and, thereby,private savings and private transactions.




Financial Times Calls For Abolishing Cash. “To Give More Power to Central Banks”

Eliminating physical currency necessary to give central banks more power

Global Research, August 28, 2015
infowars 28 August 2015
Region: Europe

dollars-money-economy-crisis

The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power.

Entitled The case for retiring another ‘barbarous relic’, the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.”

“The existence of cash — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory,” states the article.

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