Israel moves a step closer to completely banning cash. The next step after this will be the bankers forcing NEGATIVE interest rates onto you. How will you avoid bankers stealing your money if there is no cash? - Kotaku In Action 2

Israel moves a step closer to completely banning cash. The next step after this will be the bankers forcing NEGATIVE interest rates onto you. How will you avoid bankers stealing your money if there is no cash? (www.jpost.com)

posted 3 years ago by JadaSmithsBoyfriend 3 years ago by JadaSmithsBoyfriend +30 / -0

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– the_nybbler 14 points 3 years ago +14 / -0

Cash deals exceeding 6,000 NIS will be illegal, as part of the effort to fight against money laundering and criminal activity.

LOL. That's just the sort of stupidity a government bureaucrat would come up with. If the deals were being reported to the Israeli tax agency, it doesn't make a difference in the world if they were cash or not. If they weren't being reported, the ban on cash is irrelevant.