Canadian Dollar No Longer Being Printed

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Canada’s drive to a cashless society has taken a step forward because as of jan 2013, Canada has stoppied printing of the Canadian dollar.

Over the years we have heard and seen many people warning of the coming cashless society. Religious groups have been warming people about the “mark of the beast” for ages. It has always been something that was considered to be in the distant future, but not anymore!

BA International, a banknote printing operation in Ottawa owned by Giesecke & Devrient in Germany, stopped printing currency (including Canadian) as of January 1 2013. You read that right! As of January first, no more Canadian currency is being printed. Source

Why have they stopped? According to BA International it is due to a decrease in demand for new bills, thanks to the new plastic currencies longer life expectancy.

Are the plastic bill so good that we simply do not need to print anymore money?

In a short answer, of course not!

When the federal government was asked by the Canadian press (in a FIOA request) about the bills melting. They basically refused to give any information, citing national security concerns. Source

Can the plastic bills still be lost? Get damaged? Of course. So the idea of them being so great that we don’t need to print anymore currency is absurd! The real agenda is a cashless future.

According to a poll conducted by Paypal Canada. 56% of Canadians would refer using a digital wallet then cash already. Source

With acceptance numbers above the 50% mark, the Royal Canadian Mint has begun to slowly release the Mintchip.

The concept of digital currency will slowly be advanced over the coming years, while the physical money supply diminishes. Leaving our future generation with a low supply of physical cash, and an abundance of technology for digital currency. To them it will only make sense, to make the move to digital, because it will be all they have ever known.


Mexico To Restrict Cash Transactions

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Another country has joined the list for limiting cash transactions by it citizens. Mexico has signed into law, a ban on large cash transactions carrying a minimum penalty of 5 years in prison.

Large Cash Transactions Banned In Mexico … Outgoing Mexican President Felipe Calderon has signed into law a ban on large cash transactions. The ban will take effect in about 90 days and it is part of a broader effort to control monetary flows within the country. Under the law, a Specialized Unit in Financial Analysis operating within the Attorney General’s Office will be created to investigate financial operations “that are related to resources of unknown origin.” For real estate transactions, cash payments of more than a half million pesos ($38,750) will be forbidden and, for automobiles or items like jewelry, art, and lottery tickets, cash payments of more than 200,000 pesos ($15,500) will be forbidden. The law carries a minimum penalty of five years in prison. – Forbes

and as the Daily Bell put it

The power elite intends to lock down the world, it seems, in order to track every monetary transaction of any significance.

We wrote about this trend previously in “Spain Bans Cash.” Here’s an excerpt:

… As we have long predicted, the phony “sovereign debt” crisis in Europe is being used to justify all sorts of authoritarian measures.


these national bans continually pressure more and more freedoms, including the freedom of shielding one’s wealth from prying eyes. And that’s just the point …

In the last 2 years the following countries have made similar restrictions.

Source: The Daily Bell

Sweden To Go Cashless

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The Swedes make good sheep. Only 3% of all transactions are with cashless as society is poised to go fully digital. Welcome to the Matrix.


Sweden Moves Towards Cashless Society


Another country inches toward a cashless society as cbsnews reports many in Sweden are calling for such a move. In a world of fiat money is it wise to let the bankers digitally create even more money. Fraud will be so much easier especially since its so easy to read rfid chips in credit cards. Ultimately do you want to have all your transactions easily traced? Is this open to abuse?


Sweden was the first European country to introduce bank notes in 1661. Now it’s come farther than most on the path toward getting rid of them.

“I can’t see why we should be printing bank notes at all anymore,” says Bjoern Ulvaeus, former member of 1970’s pop group ABBA, and a vocal proponent for a world without cash.


The contours of such a society are starting to take shape in this high-tech nation, frustrating those who prefer coins and bills over digital money.

In most Swedish cities, public buses don’t accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether.

“There are towns where it isn’t at all possible anymore to enter a bank and use cash,” complains Curt Persson, chairman of Sweden’s National Pensioners’ Organization.

He says that’s a problem for elderly people in rural areas who don’t have credit cards or don’t know how to use them to withdraw cash.

The decline of cash is noticeable even in houses of worship, like the Carl Gustaf Church in Karlshamn, southern Sweden, where Vicar Johan Tyrberg recently installed a card reader to make it easier for worshippers to make offerings.


The flip side is the risk of cybercrimes. According to the Swedish National Council for Crime Prevention the number of computerized fraud cases, including skimming, surged to nearly 20,000 in 2011 from 3,304 in 2000.

Further steps to limit cash and herd us towards cashless society have been taken by

USA, Argentina, Italy, Greece, Ireland

Cashless Society Coming Soon

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There has been warnings for years of the banks moving away from cash to an electronic financial system. In the latest move in Ireland, the National Irish Bank will no longer handle cheques. It announced in 2010 that it wasn’t going to handle cash.

Asked how a customer who needed €5,000 in cash would get it, a spokesman for the bank said that a branch could issue a bank draft if the money was needed urgently. This could be taken to a post office and cashed there.

We have already seen capital controls on Italy with plans to limit withdrawals to €300.  Greece too announced in 2010 that it would limit cash transactions to a max €1500. These are not large amounts.

It’s a disturbing (1984) move which looks to be started with the PIIG nations first. Lets face it, their citizens  have more things to worry about right now. The trend looks to be moving toward an electronic system controlled by the banks of course. More control by the banking system never ends well.


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