https://www.rt.com/business/377307-jim-rogers-currency-control-cash/

Big Brother is watching you: Jim Rogers prophesizes death of cash & total govt control of spending

The time will come when you won’t be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds.

“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.

“Many countries are already doing this. Some states in the US you cannot make cash transactions above a certain amount. Governments love it. Then they can control you. If you want to go and buy a cup of coffee, they know how many you drink, where you buy them, etc., if they can all put it into electronic formats and they will. The world is all going electronic,” the investor said.

According to Rogers, governments will claim they are doing it for the public good, not for themselves.

Read more at the site above.

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About tannngl

Believer (God the Father, the Son and Messiah, the Holy Spirit), daughter, wife, mother, memaw, RN, hobbit, street evangelist I love people, music, reading, praying, studying the Bible, keeping up with national news and politics. I am a strict constructionist, a true American. I love my country. I honor her warriors. I am thankful for our Constitution and will personally bear arms for it.
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