Leaked Morgan Stanley slide shows bankers want to move quickly toward a “cashless economy” to enact NIRP

16 It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads,17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.

Revelation 13:16, 17

This leak through Zerohedge came on the heels of recent Op-ed’s by both Bloomberg and Financial Times, which urged for the banning of cash, a movement documented fully here by TRUNEWS.

ZeroHedge reported that their source also heard Huw van Steenis say:

“One of the most surprising comments this year came from a closed session on fintech [at Davos] where I sat next to someone in policy circles who argued that we should move quickly to a cashless economy so that we could introduce negative rates well below 1% – as they were concerned that Larry Summers’ secular stagnation was indeed playing out and we would be stuck with negative rates for a decade in Europe. They felt below (1.5)% depositors would start to hoard notes, leading to yet further complexities for monetary policy.”

Full article:Leaked Morgan Stanley slide shows bankers want to move quickly toward a “cashless economy” to enact NIRP (TruNews)

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