Why Is Germany Eliminating Paper Money?

 

 

Getting rid of paper money may help fight terrorism and even help prop up the banks—but is there a more sinister reason for these new financial controls?

Germany is considering abolishing the €500 note and introducing a €5,000 (us$5,600) limit on cash transactions. It is part of a plan proposed by Chancellor Angela Merkel’s partners in the Social Democratic Party to cut off terrorist financing in Europe. Banning the bills will supposedly help make people safer. In reality, it will do the exact opposite.

German Deputy Finance Minister Michael Meister told Deutsche Welle on February 3 that Germany would push these reforms at the European level. “Since money laundering and terrorism financing are cross-border threats,” it makes sense to adopt a European Union-wide “solution,” he said. But “if a European solution isn’t possible, Germany will move ahead on its own” (emphasis added throughout).

New revelations: Germany sends ‘massive amounts’ of phone, email data to NSA

As stated here before, the real scandal lies in the denial by Germany that they have both known and have been invovled — for decades.

Previous posts on this include:

• Friend and Foe
• NSA Spying in Germany: How Much Did the Chancellor Know?
• Merkel justifies NSA eavesdropping surveillance
• NSA ‘in bed’ with German intelligence says US whistleblower Edward Snowden – and GCHQ operates a ‘full take’ data monitoring system

Germany’s BND intelligence service sends “massive amounts” of intercepts to the NSA daily, according to a report based on Edward Snowden’s leaks. It suggests a tight relationship has been developed between the two agencies – which the BND claims is legal.

Documents leaked by former NSA contractor Snowden and obtained by Der Spiegel revealed that the 500 million pieces of phone and email communications metadata collected by the NSA in Germany last December were “apparently” provided with the BND’s approval.

Air Guard unit authorized to fly MQ-9 Reaper drones in Syracuse region

SYRACUSE (AP) — The commander of the Air National Guard unit that operates remotely piloted drones from its central New York base held a news conference to discuss the expansion of the airspace in which it operates.

Col. Greg Semmel of the Air National Guard’s 174th Attack Wing spoke to the media Monday morning at Hancock Field Air National Guard Base in Syracuse, to announce the Federal Aviation Administration has authorized the use of 20 nautical miles more of air space for training missions, including, for the first time, parts of Onondaga and Madison Counties, and more of Oswego Counties. Semmel says the added airspace means fewer missions will be scrubbed or delayed because of weather, especially in lake effect season, when some parts of the current training range in the Adirondacks and over Lake Ontario get shut down by snow.