Your cash options are getting narrower…

Yahoo Finance reports the European Central Bank (ECB) will discontinue the 500-euro bank note by 2018. That makes the 200-euro note the largest bill left in the world’s biggest economic zone.

The article goes on to praise the ECB’s decision. It notes “terrorists and criminals” will have a harder time moving money without detection. As will law-abiding citizens…

Regular Daily readers know the move is just the latest step in the global War on Cash.

Governments and central banks have pushed the financial system into negative interest rates. It’s an attempt to stimulate the global economy. They think negative savings rates will encourage citizens to spend or invest money.

But folks have withdrawn physical cash instead. They’re sitting on it in safes and under mattresses. That’s why the bankers now say cash must go.

  We’ve recommended physical gold as a way to diversify out of the bankers’ paper money machinations. It’s a form of “wealth insurance” against the crises these monetary interventions create.

But crises also present opportunities…

Mega Trends Investing Editor Teeka Tiwari’s explored an alternative currency trend still in its infancy: digital currencies. These decentralized computer networks allow anyone to transfer money—at a fraction of a cost of traditional bank wires.

Now the biggest names in business and government are exploring the technology…

Here’s what Teeka just told subscribers in his May issue:

There’s no doubt in my mind that a cash ban is coming much sooner than you may think.

Two members of the Federal Reserve that were present at a recent financial conference I attended floated the idea of “Fedcoin”—a Federal Reserve-issued digital currency.

I also learned that the Financial Stability Board’s Plenary (think of it as the heads of the five families of global finance) is seriously talking about launching sovereign digital currencies. That’s according to John Schindler, assistant director of the financial board.

Here are two key quotes from David Andolfatto, vice president of research at the St. Louis Fed:

  1. “There is no reason why, in principle, central banks could not offer online digital money accounts for the public.”
  2. “It is easy to pay interest (possibly negative) on digital money accounts, leaving central banks with an additional monetary policy tool.”

This is the exact scenario I talked to you about last month. It’s unfolding before our very eyes. The tail wind is already starting to rally the price of digital currencies and gold. And it’s just getting started.

Bottom line: The 500-euro note won’t be the last to go…

Former U.S. Treasury Secretary Lawrence Summers has already said, “It’s time to kill the $100 bill.” As the move to ban cash accelerates, we’ll see certain alternative currencies rip higher as they gain widespread adoption.

Teeka sees his favorite digital currency rising at least 30-fold from today. All Mega Trends Investing subscribers can click here to review his recommendation.

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