Today on The Janssen Report (#100): major restrictive policies on our ‘money’ are put in place and many people don’t even realize what this means. I dub it “economic fascism”. In this 100th Janssen Report I briefly explain what I mean by that. Basically it’s about the erosion of the wealth of the 99% for the benefit of the happy few, also called a ‘wealth transfer’.

There’s also some major Breaking News today: the US trade deficit (March) reaches a terrifying high at 51.4 billion US dollar, well above the expected 41.7 billion. Read more on Bloomberg via the links below (check: sources).

Australia is declaring war on deposits by introducing a tax on funds held in banks. Although these deposits are taxable at the bank level (for now), the banks expect to pass these costs on to their clients.

Similarly, the war on both cash and deposits has also begun in the US with JP Morgan Chase introducing a negative interest rate on major deposits, which will likely lead to the abolishment of cash in order to prevent customers from emptying their bank accounts and hoarding cash.

According to Willem Buiter, Citigroup Global Chief Economist and a colleague:

Abolishing paper money and forcing people to use electronic accounts could free central banks to lower interest rates as much as they feel necessary while crimping the underground economy, Buiter and Rahbari write: “In our view, the net benefit to society from giving up the anonymity of currency holdings is likely to be positive (including for tax compliance).”

Watch this episode of The Janssen Report here:

These events are at the expense of the tax payer and they are global. So: educate yourself, act and become self-reliant. Stay tuned to The Janssen Report & sign up as a free member (on your right-hand side).

Sources:

• US trade deficit March highest in 6 years
• Analysts about the biggest US trade deficit in 6 years
• The Death of Cash
• Australia and the Tax on Money
• France restricts the movement of gold, cash & crypto currencies
• Global war on cash breaks out

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Cheers!

Marco Janssen
www.thejanssenreport.net