Failure Of The War On Cash

Failure Of The War On Cash by Jeff Thomas, Sprott Money

Some years ago, when I suspected there would be a War on Cash at some point, everything in the behaviour of the central banks pointed to the idea – it fit exactly into their own informed, yet unrealistic pattern of logic. I therefore decided that it would be a likely development and would take place at a time when they had tried everything else and had run out of other ideas. As to a date when this might happen … I had no idea.

When several countries had begun to limit the amount of money that a depositor could take out of a bank, I decided that the...