Financial Times Declares For State Fascism

Financial Times Declares For State Fascism

August 28, 2015 

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.

 http://www.globalresearch.ca/financial-times-calls-for-abolishing-cash-to-give-more-power-to-central-banks/5472522

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

Eliminating physical currency necessary to give central banks more power

By Paul Joseph Watson

Global Research, August 28, 2015

infowars 28 August 2015

Region: Europe

Theme: Global Economy

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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