Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill



Zero Hedge: “Yesterday we reported that the ECB has begun contemplating the death of the €500 EURO note, a fate which is now virtually assured for the one banknote which not only makes up 30% of the total European paper currency in circulation by value, but provides the best, most cost-efficient alternative (in terms of sheer bulk and storage costs) to Europe’s tax on money known as NIRP.

That also explains why Mario Draghi is so intent on eradicating it first, then the €200 bill, then the €100 bill, and so on.

eurofWell, not even 24 hours later, and another Harvard “scholar” and Fed chairman wannabe, Larry Summers, has just released an oped in the left-leaning Amazon Washington Post, titled “It’s time to kill the $100 bill” in which he makes it clear that the pursuit of paper money is only just starting.”

Opinion: One thing that Larry Summers didn’t learn at Harvard is that an Apostle of Jesus saw that coming 2000 years ago.

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelation 13:16-17

No other generation in history has had the technology to create a mark or a chip that could control a person’s ability to transact business. No other recession in history has so damaged the global economy that almost 10 years after it began, the politicians, top economists, and bankers are baffled by it.

Moses knew the dangers of debt 3500 years ago. He told the Israelites: “For the Lord your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.” Deuteronomy 15:3

Paper money interferes with the globalist ideology of total control. What will be interesting to watch is the sales pitch of the benefits of electronic money.

Think about it, no matter what the scoffers (2 Peter 3:3) say, the signs of the end of this age are everywhere.

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