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Wnd.com reports:
“He’s been writing forcefully about that for the past six months,” said Patrick Wood, an economist and expert on the Trilateral Commission, technocracy and global governance.
Summers is a member of the elitist Trilateral Commission, co-founded in 1973 by David Rockefeller and Zbigniew Brzezinski, and has operated at the highest echelons of global finance.
The argument being parlayed by global elites is that high-denomination bills are often used by crime syndicates and terrorist cells.
Summers argues, “[I]n certain circles, the 500 euro note is known as the ‘Bin Laden,’” and this is why it should no longer be printed.
“A moratorium on printing new high denomination notes would make the world a better place. In terms of unilateral steps, the most important actor by far is the European Union. The €500 is almost six times as valuable as the $100,” writes Summers.
But Wood, an Arizona-based economist, says eliminating the $100 bill has little to do with fighting terrorism or crime and everything to do with continuing to chip away at the availability of cash.
“There’s a big portion of society that’s not included in the banking system. They just don’t have bank accounts. They operate on cash, and that’s a large percentage of the developing world, and even in America. A lot of people on welfare, they go around the first of every month cashing checks. They don’t have accounts, and apparently that’s something that bugs the global elite,” said Wood, author of “Technocracy Rising: The Trojan Horse of Global Transformation.”25 May 20160Harvard economist and global elitist Larry Summers has demanded that the U.S. government “go after big money” by banning the $100 dollar bill in a mo...Read more »
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