Wednesday, February 28, 2018

'War Is Coming To Southern Lebanon', U.S. Aircraft Carrier To Dock In Vietnam For First Time Since 1975 Amid Tension Over China's Rising Sea Power

Along the Israeli-Lebanon border, it's about to get 2006 all over again.
At least that's what Senator Lindsey Graham told reporters late Tuesday at a press conference with Democratic Sen. Chris Coons - with whom he sponsored a bipartisan immigration bill that ultimately failed to garner enough support from their fellow lawmakers. The press conference was called to share details about a bipartisan trip last week to the Middle East.

Graham of South Carolina told reporters that Israeli officials made it clear to visiting lawmakers last week that the IDF will need to launch a military action in Southern Lebanon if Hezbollah continues work on a guided-rocket factory being built in the region - a factory that's purportedly being funded by Iran, according to Bloomberg.

"They’ve told us in no uncertain terms that if this threat continues - they keep making rockets that can hit the airport and do a lot of damage to the state of Israel - they are going to have to go in," Graham said.
Iran's decision to help fund the factory is a direct result of the US's lack of a strategy for countering Iranian influence in the region. President Trump and US military commanders in charge of the battle against ISIS have said repeatedly that battling Iranian agents isn't part of the coalition agenda.
Because of this, "they are testing Trump," Graham said.

Graham said the major request from Israel in a meeting with that country’s leaders was “ammunition, ammunition, ammunition” and for diplomatic support if Israel strikes civilian targets in Lebanon where it believes Hezbollah is located.
The Israeli threat shouldn't be taken likely. Over the past year, reporting from the region has exposed an Israeli shadow campaign - conducted in partnership with former foe Saudi Arabia - to push back against Iranian influence in the region, including the implicit threat of military violence.
Saudi Arabia famously forced the resignation of Lebanese Prime Minister Hariri late last year, only to see him return to Beirut and put his resignation on hold.
Israeli President Benjamin Netanyahu is planning to visit the White House next week, even though his administration is once again mired in scandal and his country's police force has recommended that he be indicted. 
* * *
In response to Graham's comments, Lebanon President Michel Aoun condemned the Israeli regime’s repeated violations of Lebanon’s sovereignty, saying Beirut is prepared to counter any potential Israeli threat or violation.
"Lebanon is keen on maintaining stability and calm in South Lebanon, but it is also ready to defend itself shall Israel carry out an assault," Aoun said in a meeting with UN Under-Secretary General Jean-Pierre Lacroix in Beirut on Monday.
Meanwhile, Hezbollah, which helped the Lebanese army defend the nation against two bloody Israeli wars in 2000 and 2006, has promised to defend the rights of its homeland in oil and gas exploration in the eastern Mediterranean region against any new Israeli aggression.

The US navy is to dock in the Vietnamese coastal city of Danang in March, in the first visit of an American aircraft carrier to the country since the end of the Vietnam War in 1975.
The USS Carl Vinson will arrive in Vietnam during the navy’s multinational disaster response exercises in the Indo-Pacific region, but its presence is also being widely perceived as an attempt to counter China’s military influence in Asian waters, where the East and South China Seas are the scenes of escalating territorial disputes.

Vietnam, which borders China, has long resisted its power and influence, but Beijing’s insistence that it controls almost all of the South China Sea has threatened competing territorial claims, including from Hanoi.
China’s assertion has also challenged US naval supremacy in the western Pacific, prompting Washington to attempt to woo Asian allies with the idea of closer military ties.
The news comes as the Japanese government is reportedly considering the deployment of surface-to-ship missile units across southern Okinawa to counter China’s rising maritime powers.
Officials are exploring plans to deploy a unit on the main Okinawa island in addition to other smaller islands in the region, with a view to bolstering its defences against Chinese vessels, government sources told Japanese media.
The deployment plans, which are expected to be detailed in the new National Defence Guidelines to be drafted by the end of the year, reportedly focus on advanced Type 12 surface-to-ship missiles with a range of more than 62 miles.
Territorial confrontation in the South China Sea
There are reportedly plans to install missile units on both Okinawa island and the smaller island Miyakojima, which would ensure that they can cover the strategically-located Miyako Strait which runs between them.
An administrative command centre was also likely to be set up on Okinawa’s main island to manage surface-to-missile units deployed across the region, according to Kyodo news agency.
The Miyako Strait in the East China Sea has emerged as a regional hotspot of tension, with Chinese naval vessels regularly fuelling tensions by passing through its waters every year over the past decade.
Miyako island also lies to the southeast of a disputed group of islands in the East China Sea known as Senkaku in Japan and Diaoyu in China, which emerged as a growing source of bilateral tension between the two nations.

Update: Papua New Guinea M7.5 Quake - 31 Dead, 300 Injured Thus Far, 400,000 With Damage/Destruction

Consequences of M7.5 earthquake in Papua New Guinea: 31 dead, 300 injured, 400,000 people suffering, remote mountain areas not visited yet in pictures and video

Two days ago, a M7.5 earthquake hit central Papua New Guinea. Meanwhile, pictures and videos have made their ways from the deep jungle to Social Medias. Officials are still counting and will visit hard-to-reach mountain areas to assess the consequences of a natural disaster today. But in the meantime, the powerful and dangerous earthquake killed 31 people and injured at least 300. At least 400,000 people are suffering from damages or destructions in 4 different provinces. Widespread power outages, destroyed infrastructure and buildings are reported near the epicenter of the quake.

13 dead were found in the capital of the province of Southern Highlands Mendy and 18 in the districts of Kutuku and Bosawe. On February 27, a government helicopter will fly through hard-to-reach mountain areas to assess the consequences of a natural disaster. Work was stopped at the Oak-Tedi mine and the Hidex gas processing plant operated by ExxonMobil to assess damages.

Consequences of M7.5 earthquake in Papua New Guinea in February 2018, Consequences of M7.5 earthquake in Papua New Guinea in February 2018 pictures, Consequences of M7.5 earthquake in Papua New Guinea in February 2018 videos

Consequences of M7.5 earthquake in Papua New Guinea in February 2018, Consequences of M7.5 earthquake in Papua New Guinea in February 2018 pictures, Consequences of M7.5 earthquake in Papua New Guinea in February 2018 videos

Consequences of M7.5 earthquake in Papua New Guinea in February 2018, Consequences of M7.5 earthquake in Papua New Guinea in February 2018 pictures, Consequences of M7.5 earthquake in Papua New Guinea in February 2018 videos

A shallow M6.1 earthquake hit near the South Magnetic Pole and Antarctica on February 27, 2018.

A M6.1 earthquake hit near the south magnetic pole on February 27 2018, M6.1 earthquake hits south magnetic pole february 28 2018

Canary Islands Rattled By Another Major Quake Swarm

Canary Island Of La Palma Rattled By Another Major Quake Swarm

The Canary island of La Palma has been rattled by another swarm of earthquakes. This new swarm reignites fear that the Cumbre Vieja volcano could erupt just four months after a swarm of 200 earthquakes rocked the island.

According to the Express UK, the Spanish archipelago was struck by up to 70 small quakes, recorded between Monday and Wednesday, reaching between magnitude 1.5 and 2.6 on the Richter scale. Government officials announced more quakes were felt between 3 am and 6:30 am this morning at magnitudes of between 2.1 and 1.5. Most of them were located in the area of Los Canarios, in Fuencaliente, and in El Pueblo, Villa de Mazo, although they have also been registered in El Paso and Tazacorte.

The Canary government, however, is desperate to know why the earthquakes have begun again. They also want to know what could happen in the future.

“Given the increase in seismic activity recorded on the island of La Palma, the Ministry of Territorial Policy, Sustainability and Security of the Government of the Canary Islands, in application of the Special Plan for Civil Protection and Emergency Care for Volcanic Risk (PEVOLCA), has convened tomorrow Friday, February 16, a meeting of the Scientific Committee of Evaluation and Monitoring of Volcanic Phenomena.
“On the agenda of the meeting, which will be chaired by the Deputy Minister of Environment and Security, Blanca Delia Pérez, will be to discuss the precursors and parameters of seismic activity on the island in recent weeks; assess the activity and evolution forecast, and appoint the sole representative of the Steering Committee.

As with every seismic event,  experts stressed there is no imminent danger of an eruption and say the movements that struck at a depth of between 14 and 30 kilometers are considered “normal” for a volcanic island. Nonetheless, La Palma is being monitored closely to detect every single movement, even though they have not been felt by the public.
Following the quakes in October, scientists stepped up monitoring in the Cumbre Vieja area with more seismic stations and GPS antennas, together with a continuous radon measurement station.

Anti-Semitism Dramatically Increasing, Jerusalem Embassy Will Bring War Warns Grand Mufti

Anti-Semitism dramatically increases across US, says ADL

The US witnessed an unprecedented spike in anti-Semitism in 2017, according to the Anti-Defamation League, with vandalism and school incidents leading the list. Some of the incidents, however, were fake.
There were almost 2000 anti-Semitic incidents reported across the US in 2017, including physical assaults, bomb threats, vandalism, and attacks on Jewish institutions, according to a report released by the Anti-Defamation League (ADL) on Tuesday.
The number of anti-Semitic incidents in 2017 increased by 57 percent compared to 2016, the single largest increase on record and the second-highest number reported since ADL started keeping track in 1979, the organization said. Incidents of vandalism increased 86 percent from 2016, with 952 incidents recorded.
These incidents came at a time when we saw a rising climate of incivility, the emboldening of hate groups and widening divisions in society,” said ADL’s CEO and National Director Jonathan A. Greenblatt.

The report reveals that the number of anti-Semitic incidents soared in schools and on college campuses, nearly doubling for the second year in a row. College campuses witnessed a total of 204 incidents in 2017, compared to 108 incidents in 2016.

The vast majority of the incidents fell under the category of “harassment,” which the ADL defines as “where a Jewish person or group of people feel harassed by the perceived anti-Semitic words, spoken or written, or actions of someone else.”

This category includes the 163 bomb threats against Jewish community centers. However, the vast majority of those were actually made by a Jewish teenager living in Israel who was eventually arrested. US federal authorities also believe that the teenager was selling his services on the dark web.

A key authoritarian for Palestinians is warning that there will be war if the United States actually follows through on its announced plans to open an embassy in Jerusalem, now recognized as Israel’s capital.

The threat, according to a report by the Palestinian Media Watch,comes from Sheikh Muhammad Hussein, the grand mufti of Jerusalem.
It was in the official Palestinian Authority daily Al-Hayat Al-Jadida that there was a report how Hussein, described as “preacher at the blessed Al-Aqsa Mosque,” “warned against the severity of the American administration’s decision on transferring its embassy to occupied Jerusalem.”
“He explained that the transfer of the American embassy to Jerusalem, if it is carried out, will not be an attack on the Palestinians alone, but rather a blatant attack on the Arabs and Muslims throughout the world … .and that it will not serve peace and security in the region, but rather bring upon it disasters of wars, anarchy, and instability,” the report said.
President Donald Trump, last Dec. 6, formally recognized Jerusalem as Israel’s capital, a status it has held in U.S. law for decades. However, earlier presidents always found a reason to exempt that law from applying.
Trump decided last December enough was enough, and let the congressionally approved law take effect.
Then just days ago, the State Department revealed the new U.S. embassy in Jerusalem will open May 14, 2018, the anniversary of Israel’s declaration of independence in 1948.
It’s called something else by Palestinians, “Nakba Day,” or Arabic for “the catastrophe.”
At the declaration in 1948, the combined forces of Egypt, Jordan, Syria and Iraq joined in an attempt to eradicate the state of Israel.
They failed.

Mass Exodus From E. Ghouta May Lead To Golan Border - Concern Is Infiltration Of Terrorist Groups To Israel's Border

Concern in Israel that masses of E. Ghouta refugees will stream to its Golan border

A Russian promise on Monday, Feb. 26 to set an evacuation route for civilians to leave besieged Eastern Ghouta has sparked deep forebodings in Israel. This promise accompanied an announcement by Russian Defense Minister Sergey Shoigu that President Vladimir Putin had ordered a daily five-hour “humanitarian pause” in the fighting, which has left hundreds dead. 

It is estimated in Israel that between 50,000 and a quarter of a million inhabitants of the embattled enclave near Damascus may be directed through this evacuation route to Quneitra opposite the Israeli Golan.

Israeli authorities are fearful on two counts: In the absence of Syrian facilities, Israel will be confronted with the sudden responsibility to supply their basic needs for food, water, medicines and shelter; but, most of all, the certainty that hostile entities will exploit this mass exodus to disguise the infiltration of terrorist networks right up to Israel’s northern doorstep. Turkey, Lebanon and Jordan are already contending with these threats to their security.

The Russian evacuation route will initially serve to bring urgent food and medical assistance to the 400,000 inhabitants of Eastern Ghouta, who have been besieged for weeks under savage Syrian government, Iranian and Hizballah bombardment. 

But the evacuation will equally serve the Assad regime for distancing a large Sunni population away from Damascus. And so, rather than allowing the refugees to reach such population centers as Homs or Hama, they will be permitted to exit through a single door, one heading south to Quneitra.

DEBKAfile reports that the Russian truce-cum-evacuation initiative was prompted by more than humanitarian concerns.  It was based on the positive start in the truce negotiations that the Assad regime has secretly launched with the two main rebel groups fighting in Eastern Ghouta. They are the Faylaq al-Rahman organization, which is linked to the Syrian Muslim Brotherhood, and Jaish al-Islam, a collection of Sunni Muslim Salafi extremists. Both groups have committed to evicting from the enclave the fighters of Saryat al Tahrir, most of whose members are affiliated to Al Qaeda.

However, seen from Israel, the immediate consequence of a Russian-guaranteed truce of this kind will be the opening of the floodgates for a new peril to reach its northern border. As matters stand now, there is nothing much Israel can do except hold on and hope for the best.

Endgame Russia: No More Illusions

In the past, the North Atlantic Treaty Organization (NATO) justified its militarization of large swaths of Eastern Europe by pointing to the omnipresent threat of terrorism, or some 'rogue' foreign state, inherently understood to be Iran. Today the mask has slipped and it is no longer denied that NATO's primary target is Russia.

Under the guise of 'Russia aggression,' a concept that was peddled to the unsuspecting masses based on the fake news of a Russian 'invasion' of Ukraine and Crimea, compounded by claims that Russia somehow swayed the 2016 US presidential elections, US-led NATO has dropped all pretensions and declared open season on Russia. Combined with Donald Trump's empty threat that the US would exit NATO if member states did not start spending more on defense (2 percent of annula GDP), Eastern Europe has become a veritable hothouse of paranoia-driven militarization.

In what the Kremlin has described as the greatest amassing of military assets on its border since World War II, NATO troops and hardware have set up camp from as far north as Estonia, down through Latvia and Lithuania, into Romania and Poland, where the rotation of US troops is now standard operating procedure.

Meanwhile, massive military games aimed at deterring the Russian bogeyman continue unabated on Russia's border. In April, British journalist Neil Clark described just one of these exercises, dubbed Summer Shield. The NATO military exercises "got underway at the Adazi military base. Soldiers from Latvia, the US, Bulgaria, Estonia, Canada, Lithuania, the UK, Luxembourg, Romania, Slovakia, Germany and also non-NATO member Sweden are taking part in the drills," Clark wrote.

He then went on to make a rather unsettling yet accurate observation: "Today’s mantra regarding 'Russian aggression' is the 2003 equivalent of 'Saddam’s Weapons of Mass Destruction,' to be repeated ad nauseum by anyone supporting NATO’s Drang nach Osten. And like the WMD claim, it’s based on zero evidence."

Such reckless behavior would have been difficult to fathom less than a decade ago.
But these are brave new times, and American madness has settled upon the realm of foreign relations like a noxious cloud, forcing client states to crack open their tattered wallets or be left out in the cold when the big, bad Russian bear comes a knocking.
It remains to be seen how long NATO tone deafness will continue before the militarization of Eastern Europe gets completely out of control and the situation becomes untenable. Or perhaps the point of no return has already come to pass and, fait accompli, we are merely enjoying an illusory calm before the storm.

More Lies And Distortions Of The Age: The End Game Leads Directly Into The Tribulation

...and before that can take place, guns must be removed from citizens. Period. 

Who knows what is really going on in this latest shooting, but facts are facts. Like the Las Vegas shootings, things simply don't add up here:

A major media bombshell is now confirming the shocking truth that Natural News reported first: Deputies were ordered to stand down and avoid entering the Marjory Stoneman Douglas High School, even as the shooting was taking place.

This irrefutable fact has been maliciously labeled a “conspiracy theory” by the fake news media (CNN, etc.), but now it is confirmed by multiple sources (as is usually the case after the fake news media gets it wrong).

Our sources near the Broward County Sheriff’s Department are telling us that the deputies who arrived at the scene of the shooting were told not to enter the school unless their body cameras were turned on. And then we found that the deputies did not have body cameras, so they did not enter the building or engage the shooter.  So curiously, police also lost radio communications during the Parkland shooting. And our source claims that radio communication also went dead during the Ft. Lauderdale airport shooting of 2017…
In other words, not only were the deputies ordered to stand down, but the communications outage seems to be a pattern among false flag shooting operations (carried out to push a gun control agenda).

Marjory Stoneman Douglas High School teacher Stacy Lippel was grazed by a hot bullet which left the chamber of the shooter’s gun as she closed the door to her classroom after letting a number of students file into what would presumably be safety. However, nothing could have prepared the teacher for what she was to witness next.

“I suddenly saw the shooter about twenty feet in front of me standing at the end of the hallway actively shooting down the hallway, just a barrage of bullets, and I’m staring at him thinking why are the police here,this is strange because he’s in full metal garb, helmet, face mask, bulletproof armor, shooting this rifle that I’ve never seen before,” Lippel told Good Morning America last Wednesday.

Police maintain the suspect Nikolas Cruz arrived via an Uber ride at 2:19 p.m. and initiated his attack within 1 minute. If true, that would mean that Cruz would have had to suit up into full metal body armor, put on a full helmet and the whole nine yards, all the while assembling an AR-15 rifle which was purportedly packed into a duffle bag with a number of fully-loaded magazines.

Such a scenario seems not only entirely unlikely but almost impossible. Not to mention the fact that prosecutors have already offered Cruz a deal to spare his life in exchange for his plead of guilt. However, if school cameras, video footage, and other hard evidence reveals that Cruz was, in fact, the shooter, why would there be a need for Cruz to plead guilty? Wouldn’t the case be cut and dry?

What exactly is going on here?

Emergency Medical Service teams responding to the Parkland high school shooting were blocked from entering the school to help victims, sources have revealed.
Three high-ranking officials close to the law enforcement response at Marjory Stoneman Douglas High School on February 14 told Fox News there was a delay in allowing the responders into the school. 
Two of those sources said some of the EMS teams were told they weren't allowed to enter the school, and one of those individuals said the command came straight from the Broward Sheriff's office.
'What's going to come out is, in the communications on several circumstances, there was the request to enter,' an official told Fox. 
'The request was denied.' 

One teacher said she thought the shooter could be a police officer because of the way he was dressed — in “full metal garb” complete with helmet, face mask and bulletproof armor.
I realize that there is an alleged confession from Nikolas Cruz in the shooting at Marjory Stoneman Douglas High School in Parkland, Florida, but what I’m not understanding is how we can see clear disconnects in what eyewitnesses say occurred.

Stacey Lippel, a language arts teacher at Marjory Stoneman Douglas High School, said students in her creative writing class were in a “great mood” as they listened to music and wrote love letters on the afternoon of Valentine’s Day. Then, she heard a “popping sound” amid the noise her busy students were making, followed by the fire alarm moments later. She unlocked her classroom door and a flood of students came running in.
As the suspected shooter — identified as 19-year-old former student Nikolas Cruz — stood about 20 feet in front of her, firing a “barrage of bullets” down the hallway, Lippel urged the fleeing students to seek shelter in her classroom on the third floor of the 1200 Building.
“I don’t know how many kids were in there, but I just started pulling them in and shouting at them to get in the room,” Lippel told ABC News.
At first glance, Lippel said she thought the shooter could be a police officer because of the way he was dressed — in “full metal garb” complete with helmet, face mask and bulletproof armor.
“I’m staring at him thinking, ‘Why is the police here? This is strange,'” she said. “And I’m just looking at him, but I’m still getting the kids, knowing this is an emergency.”

If Americans needed any more evidence that we're witnessing a 'manufactured event' in Florida that is being used by satanic globalists in an attempt to complete their long-worked-towards 'destruction of America', including the takedown of our Constitution and specifically the 1st and 2nd Amendments, we get it in numerous new stories from all across the internet as detailed within this ANP story.

With what appears to us to be 'a partnership made in hell' between corrupt and treasonous factions of the 'deep state', Broward County law enforcement and 'radical Islamic terrorists' doing what they each do best (lying to the American people), we must remember that the Islamic principle of taqiyya ALLOWS Muslims to lie to either 'smooth over differences' or 'gain the upper hand on their enemies'

With Americans quite literally now facing 'freedoms last stand' as 'enemies of America within' the Democratic party prepare to try to take down the 1st and 2nd Amendments, as Steve Quayletells us, "at this point, we have to go on total 'Normandie invasion' against CNN and the 'gun grabbers crew' and 'Helly-wood hypocrites' and 'genocidal maniacs'. Our days are limited and our lives if we don't resist with all we have".  

While back on February 17th, we reported on ANP about a 1991 book by Bill Cooper titled "Behold A Pale Horse" which warned way back then that the 'secret government' would use mind-controlled 'patsies' to carry out school shootings here in America in an attempt to disarm the American people, why has the FBI done nothing to interrupt such events? 

As Judge Andrew Napolitano reported back in 2013, we have absolute proof that "the FBI had instigated, supplied, and controlled 17 of 20 terror plots over the last decade or so, and then took credit for preventing an attack". How many more such 'plots' do we not know about? And was what recently happened in Broward County and Las Vegas such plots? And why has the FBI refused to notify Americans who were on an 'ISIS target list' of American citizens? 

As Steve Quayle warns us, the bottom line of all of this, the attack upon both the independent media and the 2nd Amendment that we've been witnessing since the Florida event, is that we have to "resist this attempted gun grabbing genocide while we still have the breath to do so." Peacefully, of course, until even that is no longer possible. 

Yet as Thomas Jefferson once warned"The beauty of the Second Amendment is that it will not be needed until they try to take it."

Tuesday, February 27, 2018

The Growing War On Cash = War On Freedom: Tim Cook Seeks 'Elimination Of Money'

Silicon Valley Joins War On Cash: Tim Cook Seeks "Elimination Of Money"

Apple CEO Tim Cook has one big hope for the future - that he lives to see the end of money.
"...I'm hoping that I'm still going to be alive to see the elimination of money."
Speaking at a meeting for Apple shareholders in Cupertino, California earlier this month, Cook made it clear that he is firmly on the side of the war-on-cash establishment.
"Because why would you have this stuff! Why go through all the expense of printing this stuff and then some people steal it, and you've got to worry about counterfeits and all these things," he continued.
As Apple's CEO talked about the downsides of cash, BI reported that he became more animated, revealing his real passion about the topic...
"We can provide a solution for the customer that's simpler, more convenient, you don't carry around a wallet with a bunch of cards in it, or a purse with a bunch of cards in it," Cook said.
"And it's more secure, if you've ever had your credit card ripped off, I'm sure a lot of you have, I have, it's not a good experience."

The real reason the war on cash is gearing up now is political: Politicians and central bankers fear that holders of currency could undermine their brave new monetary world of negative interest rates. Japan and Europe are already deep into negative territory, and U.S. Federal Reserve Chair Janet Yellen said last week the U.S. should be prepared for the possibility. Translation: That’s where the Fed is going in the next recession.

Negative rates are a tax on deposits with banks, with the goal of prodding depositors to remove their cash and spend it to increase economic demand. But that goal will be undermined if citizens hoard cash. And hoarding cash is easier if you can take your deposits out in large-denomination bills you can stick in a safe. It’s harder to keep cash if you can only hold small bills.
So, presto, ban cash. This theme has been pushed by the likes of Bank of England chief economist Andrew Haldane and Harvard’s Kenneth Rogoff, who wrote in the Financial Times that eliminating paper currency would be “by far the simplest” way to “get around” the zero interest-rate bound “that has handcuffed central banks since the financial crisis.” If the benighted peasants won’t spend on their own, well, make it that much harder for them to save money even in their own mattresses.
All of which ignores the virtues of cash for law-abiding citizens. Cash allows legitimate transactions to be executed quickly, without either party paying fees to a bank or credit-card processor. Cash also lets millions of low-income people participate in the economy without maintaining a bank account, the costs of which are mounting as post-2008 regulations drop the ax on fee-free retail banking. While there’s always a risk of being mugged on the way to the store, digital transactions are subject to hacking and computer theft.
All of this anti-cash angst from Cook can be summed up in 3 short words - Use Apple Pay - and follows Visa's Andy Gerlt, who last year proclaimed: "We are declaring war on cash."
As we detailed previously, the shots fired in the war on cash may have several unintended casualties:
1. Privacy
  • Cashless transactions would always include some intermediary or third-party.
  • Increased government access to personal transactions and records.
  • Certain types of transactions (gambling, etc.) could be barred or frozen by governments.
  • Decentralized cryptocurrency could be an alternative for such transactions
2. Savings
  • Savers could no longer have the individual freedom to store wealth “outside” of the system.
  • Eliminating cash makes negative interest rates (NIRP) a feasible option for policymakers.
  • A cashless society also means all savers would be “on the hook” for bank bail-in scenarios.
  • Savers would have limited abilities to react to extreme monetary events like deflation or inflation.
3. Human Rights
  • Rapid demonetization has violated people’s rights to life and food.
  • In India, removing the 500 and 1,000 rupee notes has caused multiple human tragedies, including patients being denied treatment and people not being able to afford food.
  • Demonetization also hurts people and small businesses that make their livelihoods in the informal sectors of the economy.
4. Cybersecurity
  • With all wealth stored digitally, the potential risk and impact of cybercrime increases.
  • Hacking or identity theft could destroy people’s entire life savings.
  • The cost of online data breaches is already expected to reach $2.1 trillion by 2019, according to Juniper Research.
As the War on Cash accelerates, many shots will be fired. The question is: who will take the majority of the damage?