Governments are always looking out for themselves first, and it’s the same old thing that has been going on for hundreds of years. The Indians recently did the same thing. They withdrew 86 percent of the currency in circulation, and they have now made it illegal to spend more than, I think it’s about $4,000 in any cash transaction. In France you cannot use more than, I think it’s a €1,000,”said Rogers in an interview with MacroVoices Podcast.
We’ve blogged on this topic before, but this issue is ready to boil over at any moment. And the scary part is that one day you will have cash, and the next day you won’t. It may happen overnight, literally! This is a scary thing because our financial privacy is at stake here. No one wants every transaction they make to be tracked and taxed. But thats what the governments of the world are trying to achieve. Total control.