The War on Cash | Armstrong Economics

The War on Cash | Armstrong Economics



The “War on Cash” is heating up. Louisiana has outlawed paying cash for second hand goods, under the pretense that criminals sell stolen goods for cash. France outlawed paying more than €1000 for anything, and you cannot get more than €200 from an ATM. JP Morgan Chase is outlawing storing cash in a safety deposit box. Most bank analysts are now calling for the end of cash. As I have been warning, in no way are we heading towards a gold standard or anything of the sort. Instead, we are heading into the eye of electronic money for taxes.