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London Hosts Secret Meeting of Central Banks to “End Cash”

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Published on: May 28, 2015

Economic Collapse is inevitable. The only question is when and how will it all go down. Those in positions of power throughout the world have been manipulating currencies and devaluing them in the process. Now a report is out from economist Martin Armstrong, in which he claims that there is to be a “secret meeting to end cash” in London by the end of the month, which involves representatives from the European Central Bank and the Federal Reserve. However, Armstrong warns that there is much more than just an economic collapse coming.

Armstrong wrote:

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 Butler, 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.

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.

Keep in mind that Armstrong was the man who successfully predicted the 1987 Black Monday crash and also the Russian financial collapse in 1998.

“Other newspapers who have covered my European tour have stated that the ‘crash’ of which I speak is the typical stock market, rather than a crash in government,” he wrote. “What is concerning me is the silence on this meeting, when there are more and more reports claiming a cashless society would be better.”

So, he is not only seeing a financial crash ahead, but is also seeing the collapse of government in general. This is exactly why people need to be prepared and helping to prepare others for what is coming.

“If we look at the turning points on the ECM, yes, they have been to the day when there has been a concentration of capital in a particular market,” he added. “However, it has also picked the turning points in political decisions, such as the formation of the G5 with 1985.65, the very day Greece asked for help from the IMF in 2010, to the day of 9/11.”

Paul Joseph Watson also reminds us of previous, recent talks of this nature. He writes:

Discussions and moves towards banning cash have repeatedly cropped up in recent weeks.

Willem Buiter, who Armstrong claims is speaking at the secret meeting, recently advocated abolishing cash altogether in order to “solve the world’s central banks’ problem with negative interest rates.”

Last year, Kenneth Rogoff also called for “abolishing physical currency” in order to stop “tax evasion and illegal activity” as well as preventing people from withdrawing money when interest rates are close to zero.

Striking a similar tone, former Bank of England economist Jim Leaviss penned an article for the London Telegraph earlier this month in which he said a cashless society would only be achieved by “forcing everyone to spend only by electronic means from an account held at a government-run bank,” which would be, “monitored, or even directly controlled by the government.”

Michael Snyder has asked the question of whether Greece, who is now facing default, is going to face the same fate as the people of Cyprus as they had their bank accounts raided in 2013.

This is all serious business as it is a warning to both the US and the EU of what is just around the corner for us, given our allowance of Central Banks to exist and print fiat paper money in violation of the US Constitution. These steps have allowed them to steal the wealth of the citizens of their prospective countries and in doing so, shackle those same citizens with the burden of the debt. Now, it looks like it’s time to pay the piper.

This cashless society will ultimately render full control of people as their money, purchases and sales will be controlled by a centralized government.

Armstrong warns, “We better keep one eye open at night for this birth of a cashless society that is coming in much faster than expected. Why the secret meeting? Something does not smell right here.”

Michael Krieger echoes Armstrong’s sentiments as he writes, “In the mind of an economic tyrant, banning cash represents the holy grail. 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.”

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