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CUTTING THE CRAP: how and why banks and government are preparing to save themselves with your money.

John Ward

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In the UK, the eurozone, the Middle East and Asia, it is Game On for restricting bank withdrawals by customers, sorry, creditors…..hahaha, silly me. I can’t speak for other global regions, but the internecine incest of global banking is now such as to suggest that it is highly likely they’re all at it. If you think this is madcap conspiracy drivel, read the logic of this brief post. You never know, it might change your mind.

Why aren’t more people noticing that the cash they can take out is being restricted?

Because their money is banked and spent electronically.

Slowly, slowly boily lobster.

The object of every capitalist sovereign finance minister ought to be ensuring that the greatest number of citizens have money in the bank on a regular basis with which they can consume goods and services, thus keeping the economy in good condition, and the currency both strong and competitive.

Ergo, when banks start restricting how much cash you can have (in societies where cash is still an important medium of consumption) then what they’re doing MUST be economically anti-social, if you follow the mix therein.