Will Sweden Make it Illegal to Own Physical Money?

Cashless societies will lead to the dissolution of civil liberties. —>


Wikipedia Commons

Allowing a centralized government to control your purchasing power is a dangerous threat to individual liberty, Sweden appears to be quickly moving in that direction as part of a globalist economic experiment aimed at instituting negative interest rates and criminalizing the use of physical money.

Swedish banks have even started removing ATMs from rural areas and forbidding customers from withdrawing cash.  The country is already arresting people for possessing too much money which now constitutes illegal activity.

It is not yet illegal to own SOME cash for now, but the Swedish government is moving to abolish all physical currency in the near future.

Precious metals in the form of physical coins are a potential insurance policy to guard against this agenda with Gold and Silver leading the way as the best tax-free value items, but the elites could easily make them unavailable for public purchase at their discretion.

While the following article is from October 2015, it refers to trends in Sweden that are still relevant today and a clear sign that cashless societies on a global scale and the mark of the beast system outlined in the book of Revelation is obviously in development.

People are hiding cash in their microwaves as Sweden gets closer to being the first cashless society with negative interest rates

Jim Edwards – Business Insider

Sweden is shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest rates in a cashless society. The Swedish central bank, the Sveriges Riksbank, on Wednesday held its benchmark interest rate at -0.35%, the level it has been at since July. Though retail banks have yet to pass that negative rate on to Swedish consumers, they face increased pressure to do so as long as the rates remain where they are. That’s a problem, because Sweden is the closest country on the planet to becoming an all-electronic cashless society. Remember, Sweden is the place where, if you use too much cash, banks call the police because they think you might be a terrorist or a criminal. Swedish banks have started removing cash ATMs from rural areas, annoying old people and farmers. Credit Suisse says the rule of thumb in Scandinavia is: “If you have to pay in cash, something is wrong.”

If banks charge customers negative interest rates in a cashless society, those customers are not able to withdraw their money as cash to shield it under their putative mattresses. Consumers’ only choice in such a scenario is to spend it or let the bank take it. (The theory is that by forcing people to spend cash rather than save it, you can spur economic growth.)

Rather than going further into negative territory — a move that carries political risks the more negative it becomes — the Riksbank chose instead to do another round of quantitative easing (a forced bond-buying program that flushes more cash from the central bank into the economy). But the pressure for negative interest rates to drive cash out of bank deposits and into the economy is building. Switzerland, for instance, has negative central-policy rates that cost its banks $1 billion a year. Those costs haven’t yet been passed down to consumers. But how much longer will banks eat that before adding fees and charges to Swiss accounts to defray the cost? We reported at the weekend how central bankers and investment-bank analysts are increasingly discussing when this might happen. And Tuesday, Italy sold a two-year bond at an interest rate of -0.023%, which means investors have to pay to lend Italy money rather than receive interest on their loans. (Why would you buy such a bond? Well, if you believe that you’ll get even worse terms in the future from other creditors — hello, Sweden! — then suddenly -0.023% starts to look pretty good.)

So two trends are converging on Sweden at the same time:
•Sweden is using less and less cash.
•Sweden is an environment of negative interest rates.

And that means many Swedes have no way to “hide” their money.

So Sweden may become the first country whose citizens may have to accept negative interest rates (probably in the form of higher bank charges or fees) or be forced to spend their money to “save” it from those rates. A resistance is forming, and some people are protesting the impending extinction of cash. Björn Eriksson, former head of Sweden’s national police and now head of Säkerhetsbranschen, a lobbying group for the security industry, told The Local, “I’ve heard of people keeping cash in their microwaves because banks won’t accept it.”

About the Author

Benjamin Knight
Benjamin Knight, the founder of We the Vigilant and host of The Maverick Podcast, was born in Engelwood, New Jersey. He is a Bible believing Christian, a right-wing Libertarian and a nationalist who is dedicated to fighting back against cultural Marxism and globalism. In his free time, Knight enjoys triggering leftists, shooting guns and being an American.

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