Bamboozlement of Bank Runs as World Goes Cashless
By Daily Bell Staff - January 25, 2016

Norway’s biggest bank DNB calls for the end of cash … Could Oslo become Europe’s first cashless capital? … Norway’s largest bank has called for the country to go totally cashless over fears of illegal activity. – UK Independent via Times of India

Dominant Social Theme: Let’s focus on the bank runs while we build our cashless society.

Free-Market Analysis: Headlines are not shying away from Italy’s banking insolvency, which is forecast to overtake all of Europe sooner or later and then, like Superman, to “go beyond.”

Any time the mainstream media focuses on an issue with some directness we know it is something that globalists want mentioned. In this case, they want to keep us fearful, afraid we will go to bed starving and shivering in the dark.

But it is very likely we are looking at a dual meme here, as both events seem to have arisen at once.

More from the Times: “DNB has said 60 per cent of Norwegian cash usage is out of government control and is being used in money laundering schemes and black market deals.”

That’s an astounding statement, and who knows how accurate it is? In any event, it surely includes such activities as gambling, prostitution and drug purchases; in other words, activities that the state declares to be criminal even though they are in a sense “victimless” and dictated by human nature.

We’ve already covered the ascension of the cashless meme here. A recent post at End of the American Dream arrives at much the same conclusion we did.

In “The Beast System Arises: The Largest Bank in Norway Calls For the Elimination Of Cash,” the author Michael Snyder points out that, “They … are selling this as a way to crack down on criminals and money launderers, but in the end, the truth is that they want to be able to force everyone in society to use the banks and it would enable them to collect fees on almost every transaction.”

He adds, “It is an agenda that is being driven by greed, but it could also open the door for great tyranny.”

Importantly, he writes, “In addition, there would be absolutely no escaping the bank bail-ins that are coming in Europe. If there was no way to pull your money out of the system, there would be no way to avoid the kind of theft that has now been institutionalized by European authorities.”

The article reminds us that on January 1st, 2016, a new bail-in system went into effect in Europe based on the Cyprus bank bail-ins … Now the exact same principles that were used in Cyprus are going to apply to all of Europe.” In Cyprus, troubled banks removed funds from anyone who carried accounts of over 100,000 euros.

This is where bank runs and the “cashless society” converge from a promotional standpoint. The bank runs give banking elites the justification to further bankrupt the middle classes. It is the middle class that elites are always at war with.

The current bank insolvencies are stemming from the astonishing crash in the price of oil that may end up at US$20 a barrel, according to some insiders.

Today, the barrels that oil is shipped in are worth more than the oil itself. If you lean toward conspiracy theory, you can adopt the opinion that the elites are trying to bankrupt Russia, which relies heavily on oil sales.

If you are economically minded, you can claim the oil glut is the result of Chinese economic diminishment. With its economy in free fall, China simply doesn’t need so much oil. And the excess is pushing prices down.

But it ain’t so. The War Against the Middle Class is as old as urban society itself. It was probably waged in Sumer, in Babylon and then in Rome. And now, thanks to technology, it’s being taken to a higher level.

… Cash transactions of more than 2,500 euros have already been banned in Spain, and France and Italy have both banned all cash transactions of more than 1,000 euros. Little by little, cash is being eradicated, and what we have seen so far is just the beginning. 417 billion cashless transactions were conducted in 2014, and the final number for 2015 is projected to be much higher.

Of course the epicenter for the transition to a cashless society continues to be northern Europe. Denmark intends to entirely eradicate cash by the year 2030, and the transition to a cashless society in Sweden is now almost complete… Did you know that 95 percent of all retail sales in Sweden are cashless? And did you know that the government of Denmark has a stated goal of “eradicating cash” by the year 2030?

Over the next months we will be likely be bombarded with statements about the fragility of the banking system, worldwide. But it is the progress of the “cashless society” that you want to keep your eye on.

Elites treat the price of oil like a yo-yo, seemingly moving it up and down as they want. For instance, Obama just conveniently concluded a treaty with Iran that will allow Iran to sell oil on the world markets, lots of oil. And so the glut expands. The real prize is the justification the latest “crisis” offers to build the cashless society.

Conclusion: You can see this one coming. If you are a regular reader of The Daily Bell you know what to do. If you are not, please return here, as well as to other alternative media outlets, and you will begin to understand.