We can now add Spain to the list of countries like India, Uruguay and Australia that have had, or have announced, a reduction in the use of cash.
Spain’s Minister of Finance just announced that Spain intends to put measures in place to “reduce the use of cash”.
The removal of the 500 Rupee notes and 1000 Rupee notes in India has led to widespread civil unrest and chaos. Likewise, in Uruguay, the implementation of employers being mandated to pay employees electronically goes into effect as early as March 2017.
In all these cases, the removal of cash from the system is done under the pretense of making it more difficult for terrorists to transact business when, in reality, it is simply being done to further enslave the taxpayers….. or should I say US. As we can see from what already happened in India, the ultimate implosion of the currency will only served to drive up the prices of silver and gold.
My strong recommendation is to buy all you can now before it’s too late!!!
Happy investing!!! ( And preparation for the coming financial collapse!!! )