Financial Elites Fear Provoking Bank Runs as they scheme to bring in a Cashless Total Control System on Society
Economist: Financial Elites Fear Provoking Bank Runs Move to abolish cash could prompt panic by Paul Joseph Watson | June 3, 2015 Economist Martin Armstrong warns that the financial elite are plotting to abolish cash but are wary of the public becoming aware of the plan because it could cause bank runs. A meeting to discuss the move towards eliminating physical currency took place at the luxury Mandarin Oriental Hyde Park hotel in London recently during which Kenneth Rogoff of Harvard University and Willem Buiter, the Chief Economist at Citigroup, gave presentations. According to Armstrong , “The lack of press coverage was deliberate, and intended to avoid sending panic to the people, which would lead to a massive bank run if people understood what these guys are discussing.” The last time the issue of bank runs really hit the headlines was back in October 2013 , when U.S. banks began, “Stocking cash machines with extra funds to satisfy any consumer panic in the days before a ...