Renowned economist Martin Armstrong has revealed that there is a “secret meeting to end cash” set to take place in London before the end of the month.
Armstrong, who predicted the 1987 Black Monday crash and the 1998 Russian financial collapse, claims the meeting is set to take place between representatives from the ECB and the Federal Reserve. The economist is shocked that the mainstream media is not covering this meeting.
“I find it extremely perplexing that I have been the only one to report of the secret meeting in London. Kenneth Rogoff of Harvard University, and Willem Buiter, the Chief Economist at Citigroup, will address the central banks to advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval,” writes Armstrong.
“When I googled the issue to see who else has picked it up, to my surprise, Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as far as the Central Bank of Nigeria, but I have yet to find any reports on the meeting taking place in London, when my sources are direct.”
Armstrong first exposed this meeting earlier in May, when he said that representatives from the Federal Reserve and the ECB would be meeting with leaders from the Swiss and Danish central banks for a “major conference in London.” There, Kenneth Rogoff of Harvard University, and Willem Buiter, the Chief Economist at Citigroup, would each be giving presentations.
Rogoff and Buiter have each called for the banning of cash. The former called for “abolishing physical currency” in order to stop “tax evasion and illegal activity.” Buiter, meanwhile, wants to get rid of cash in order to “solve the world’s central banks’ problem with negative interest rates.”
“We better keep one eye open at night for this birth of a cashless society that is coming in much faster than expected,” Armstrong concluded. “Why the secret meeting? Something does not smell right here.”
Banning cash would have a devastating impact on all of us, and make it easier for the government to take over.
“In the mind of an economic tyrant, banning cash represents the holy grail,” wrote Michael Krieger. “Forcing the plebs onto a system of digital fiat currency transactions offers total control via a seamless tracking of all transactions in the economy, and the ability to block payments if an uppity citizen dares get out of line.”
What do you think about this? Let us know your thoughts in the comments section.