As Greece starts to deteriorate into near Civil War as citizens within the EU country are unable to fully access monies kept in their banking system, they are not the only entities experiencing problems that threaten the monetary liquidity of Europe. In fact, in what may be the biggest irony from the year long battle between Greece and Germany over Greek debt, Germany is launching its first salvo in a new ‘War to End Cash’ by cancelling a financial instrument that has allowed account holders in banks since 1992 to link their money directly to a debit card which could be used for purchases and withdrawals.
The game is afoot to eliminate CASH. According to reliable sources, Maestro is seriously under attack. In Germany, Maestro was a multi-national debit card service owned by MasterCard and founded in 1992. Maestro cards obtained from associate banks and can be linked to the cardholder’s current account, or they can be used as prepaid cards. Already we see the cancellation of such cards and the issuing of new debit cards. Why? The new cards cannot be used at an ATM outside of Germany to obtain cash. Any attempt to get cash can only be an advance on a credit card.
Once they eliminate CASH, they will have total control over who can buy or sell anything. – Armstrong Economics
By forcing people to use debt (credit cards) instead of cash (debt cards), banks and other financial institutions can control the flow of liquidity and restrict individuals from accessing their own money kept within a banking system. And perhaps it is a just a coincidence, but biblical prophecy denotes that during the End Times of human civilization, a cabal would institute a system where without a ‘mark’ no one would be able to buy or sell without their authorization.
And that cabal right now are the men and women who control the world’s central banks.
Ever since the beginning of the year, some financial analysts, economists, and even Harvard Professors have out of nowhere called for an end of cash in society, and move completely towards a digital system whereby the banks and policy makers could mandate how much people can spend, how little, and on what products and services. And with the idea of money being the centralized lifeblood of all commerce and trade, control over money is control over people, just as controlling who creates that money is control over governments.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com, Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.