De-Cashing Phase III: 99% Successful
De-Cashing Phase III: 99% Successful by Rory – The Daily Coin
In 2008 the global economy was threatened by a small group, between 9 and 12 members of the criminal banking cabal . These banksters held the American people hostage for, what they said would be, approximately 750 BILLION of our tax dollars. The U.S. Treasury paid the ransom and now the working people of America are on the hook for between 16 and 23 TRILLION tax dollars. That’s right, not 750B but somewhere around 19T dollars. Catherine Austin-Fitts estimates the theft since 1997 to be upwards of $40 TRILLION.
On Halloween in 2008 a ghost appeared, out of the ether, and delivered to the world bitcoin. Bitcoin cryptocurrency, with roots in the NSA and MIT, is designed to work around cash and never need cash for any transaction. I find this rather convenient to have been born on Halloween during the worst global economic meltdown in history. Since the banking coup, that began in 2008, our economic and financial worlds have further deteriorated. The introduction of cryptocurrencies is what I would call Phase I of the de-cashing process. While the crypto advocates have this idea their digits-on-a-screen are going to be allowed to operate outside the banking cabal, they are overlooking some key pieces of information in their enthusiasm.
For those that remember what happened in Cyprus, with the bank holiday followed by the theft of some 47%+ of ALL funds held in the banks, it was Phase II of the ongoing de-cashing of the world. The IMF quickly followed this situation with a proclamation, penned by Jeremy Stein from the Dallas Federal Reserve.
In 2012 the banksters needed a new crime in order to be able to steal your money. The old crimes have been working really well but I guess they just needed a new form of entertainment. So, they ran a test on the tiny island nation of Cyprus. Never heard of Cyprus? Well, it’s a tiny island located between Turkey and Lebanon.
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There it is, see that small dot in the ocean between Turkey and Lebanon on the right side? That’s Cyprus. The banking criminals in Europe, working with the banking criminals in the United States devised a plan to steal as much of the wealth from the citizens of Cyprus as possible without creating a war with Russia. You see, Russia uses the Cyprus banking system to offshore some of their criminal drug and illegal weapons money. Former KGB, now “entrepreneurs” need a place to keep some of their booty and they had been using Cyprus for this purpose. Similar to how the criminals in the United States use the Cayman Islands to stash some of their booty. It seems the situation in Cyprus was one of the first real attacks on Putin and the Russians in the ongoing sanctions, currency, resources and soon-to-be, hot war. That, however, is a story for another day. Source
In November 2016 India’s prime minister, Narendra Modi announced, out of the blue, they would be removing the two largest, and most used, bank notes from the system and in order to turn in the now outlawed bank notes the people would need a bank account. Most Indians, at the time, did not have a bank account so this forced tens of millions of people into the banking system. With most of India being quiet rural the India population found themselves in a great migration toward the nearest bank.
As Jeff Nielson describes the situation in February 2017 68% of the entire country conduct business in cash! The success of Phase III in this ongoing experiment is major coup for the banking cabal. Please keep in mind that India represents 1 of every 7 people on the planet. If 68% of those people were just forced into a new system that is a massive victory in the push forward to de-cash the world.
The War on Cash is not merely continuing, it is intensifying. It began in the West, with relatively minor infringements on our right to use the currency of our own nation . The War has now shifted to India, been radically ratcheted up, and inflicted upon a population of 1.2 billion people, where 68% of transactions were conducted with cash. Source
The BRICS Post reported earlier today the success of Phase III de-cashing in India to be at 99%.
Indians have deposited nearly all the currency bills outlawed at the end of the deadline last year, dealing a blow to Prime Minister Narendra Modi’s drive to unearth unaccounted wealth and fight corruption.
The Central Bank said on Wednesday that 99 per cent of the estimated 15.4 trillion rupees ($242 billion) banned last year has made its way back into the banking system.
The government had initially estimated about 5 trillion rupees, of the 15.4 trillion rupees rendered worthless by “demonetisation” on November 9 last year, to remain undeclared as it may have escaped the tax net illegally.
In November, India’s prime minister, Narendra Modi, announced the sudden voiding of the country’s two most-used bank notes.
The move has dented economic growth and had forced millions into lengthy bank queues. Economic growth slowed down to 6.1 per cent in January-March.
While cash is still prominent in India, the “success” is found in forcing the people to respond to this situation, by forcing the people to open bank accounts and, thereby, forcing the people into the banking system. This makes tracking their taxes all the easier. This also creates an atmosphere of distrust by the people. The Indians haven’t trusted their government in a very, very long time, and this has now pushed some even further away. This particular phase will need a little more time to determine how the people respond in earnest, but for now the India government and thieving banksters have a victory.
As we pointed out in Cashless World: 1 out of 3 People Never Use Cash we, in the Western world, are doing it to ourselves! By our continual use of plastic, for convenience, we are in fact assisting the banking cabal with our financial enslavement. As with education, if you don’t use it, you will lose it, our cash is quickly slipping from our hands and it is only a matter of time before Phase IV will be foisted upon our lives. The only questions at this point are; when will this occur and what will it look like?