Credit and Debit Cards: Italy, Sweden & Spain Aiming Towards A Cashless Society

Another 911, and the elites’ dream of a One World Order moves closer to reality. Enter the cashless society, likely to enter via the back door of our society much faster than people think…

This latest report is eerily reminiscent of the recent IBM TV advert which is promoting the use of RFID chips in order to “make checkout lines easier”. Watch this creation from IBM, hoping the make the future into a sexy, paranoid dystopia…You won’t even be able to fill up your car without a credit or debit card in Italy beginning in 2013, as the Italian Council of Ministers has voted to increase the current capital controls banning the use of cash on transactions over €1,000, down to any transaction over €50!When Italy first announced capital controls and caps on cash transactions several months ago, expect bans on cash transactions to be coming to a neighborhood near you in the next 2-3 years.

Courtesy Google Translate:

Rome – The technical Rome government wants to limit cash transactions in Italy.

From 2013, citizens may pay amounts in excess of 50 euros only by credit or debit card. That the Council of Ministers decided today.

The measure is intended to reflect the money laundering and black money payments to clamp down. Since July, the government has banned cash transactions over 1,000 euros.

SPAIN TO LIMIT CASH TRANSACTIONS

First it was Italy implementing capital controls and a €300 cash transaction cap, now Spain.
Spanish PM Mariano Rajoy has announced that the Spanish gov’t will implement a hard cash transaction cap in Spain of €2,500.

While not nearly as low a level as Italy’s draconian €300 cap, Spain’s step to implement a cash transaction cap is merely the latest symptom of the metastasis of the European debt crisis.


Expect to see the exact same measures implemented in the UK & the US within the next 3 years.

SD’s acronym for the global debt crisis will catch on yet, count on it.

Prime Minister Mariano Rajoy said the Spanish government will implement a series of measures to fight tax fraud at a Cabinet meeting on April 13 including limits on the use of cash.

Transactions of more than 2,500 euros that “involve at least one professional entrepreneur” won’t be allowed to be made in cash, Rajoy told Parliament today in the weekly question-and-answer session. Fines of 25 percent of the transaction amount will be handed to those breaking the rule, he said.

The government chose to implement an amnesty on tax evaders, which it expects will raise 2.5 billion euros, as it wanted to avoid increasing taxes, Rajoy said.

 Source:

www.globalresearch.ca