E.U. Pushes ‘Criminalization’ of Physical Cash with ‘Anti-Money Laundering’ Law

Peter Caddle 30 Mar 2023 

The European Union is in danger of “criminalising” the use of physical cash with its new anti-money laundering laws, an MEP has warned. Dr Gunnar Beck, a representative for the populist Alternative for Germany (AfD) party, has warned that the EU appears to be pushing for the “criminalisation” of the use of physical cash with its new anti-money laundering (AML) laws............Many within the parliament appear to be justifying the decisions as being an important step in curtailing criminality within Europe, though Dr Beck warns that the limits on cash payments now appear to have gone too far...................Things are even more strict in France, where residents of the country are legally prohibited from paying for goods or services with cash where the transaction would amount to over €1,000, a figure that even prices out many modern electronic devices, such as laptops and smartphones..............To Read More...

My Take - Absolutely disabuse yourself of any delusion about what this really is about.  Control!  Thought control!  Abject and absolute control of the citizenry by tyrannical governments and a total dissolution of any concept of democracy, or republican government.   At some point if this becomes implemented only those who subscribe to the latest government mandates and dedicates will be allowed to buy or sell.  Everyone else will be locked out financially until they submit.  Why is that so hard to grasp?  Why is that so hard to accept? 

 

China targets another U.S. industry for extinction

Curtis Ellis on how Beijing harmed rural America's aluminum smelters

Curtis Ellis

For another American industry, it’s a wrap.   American aluminum producers are the latest casualties in our trade war with China – a war the United States is losing.  The tactics China is using to foil the aluminum industry are familiar.   Beijing’s communist government provides its domestic aluminum producers with subsidies, including low-cost electricity and tax breaks.   For example, raw aluminum ingots are called “manufactured goods” so they can benefit from a 15 percent export tax rebate and undersell American producers.............With China grabbing more market share, only one U.S. foil producer is left standing.

We’ve seen this movie before.

Whether it’s automotive parts, electronics, textiles, appliances, paper, agricultural products or processed foods, China targets a sector for global domination and then subsidizes its domestic champions to drive foreign competitors into bankruptcy.   Underneath the aluminum foil, the turkeys you see are U.S. policymakers who fail to recognize that what China is practicing is neither free trade nor free market capitalism.

The Washington establishment is paid not to see that......... Read more