The “Wealth Stealers” just fired off their latest salvo in the War on Cash…

Kenneth S. Rogoff is a Harvard professor and former chief economist for the International Monetary Fund. He’s also a leading mouthpiece for the biggest Wealth Stealer of all—the banking industry. So it should surprise no one that he’s joined the chorus of “luminaries” calling for a cash ban…

The Wall Street Journal published an editorial from Rogoff detailing his plan. He proposes not a full cashless society, but a “less-cash” one. By that he means everything over a $10 bill would be removed from circulation—forever. 

Rogoff claims the move would end every societal ill from illegal immigration… to money laundering… to tax evasion… and much more. He estimates $500 billion is lost in federal income tax revenue per year thanks to cash transactions (and another $200 billion lost in state income tax revenue).

But soon enough, he gets down to the real reason he and the central planners want cash gone…

Rogoff doesn’t want you in control of your own money.

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He notes central banks’ negative interest rate policies (NIRP)—where you pay interest just to keep your money in the bank—have prompted people to pull cash out of the bank and put it “under the mattress” in paper bills. This provides an “escape hatch” from the banking system… and prevents their interest rate manipulation from having their desired effect on the economy.

And that’s why the bankers now say cash must go.

Bottom line: We told you the War on Cash would intensify as more prominent “leaders” come out against paper currency. As a result, more companies and individuals are exploring alternative ways to control their money.

Two of our favorite alternatives are important Palm Beach Letter recommendations: gold and “cryptocurrencies”—private, digital money uncontrolled by any central authority.