Editor's Note: We are always on the lookout for the latest financial news to share with you. Below is a special message from our colleagues over at The Bonner-Denning Letter that we found particularly insightful.
Casey Daily Dispatch Reader, Deutsche Bank recently made a shocking pronouncement: Cash is done. By 2030, one of the largest banks in the world predicts no more paper cash will be in circulation. But their prediction may actually come true long before then... Governments everywhere are warming up to the idea of banning cash. For good reason. They want total control of your money. And total knowledge of every penny you spend or receive. But until now, they've faced one key obstacle: The public. People generally hate the idea of phasing out cash. But thanks to the Coronavirus — that could all change in a hurry. As we speak, the Chinese government has destroyed $600 million in paper cash — declaring that paper money is a dangerous vector for the Corona virus. And China isn't the only government that wants to do away with cash... In the U.S., the debate is raging as Democratic candidates like Bernie Sanders and Elizabeth Warren call for a new kind of system... One that will make the existing U.S. dollar a lot less valuable. Anyone with a savings account... a 401K... life insurance... or an annuity... Needs to know the details of this disastrous move to get rid of cash — before you wake up to find your retirement savings cut in half... or worse. Go here and find out how to protect yourself. Regards, Dan Denning Coauthor, The Bonner-Denning Letter | 
No comments:
Post a Comment