An American financier Martin Armstrong, best known for his economic predictions, is deeply concerned over the cash elimination.
The European countries are reportedly to eliminate cash in favour of electronic transactions, which will be easily controlled by the government.
Also read: Denmark the first to ban cash
Armstrong warns, that digital currency transactions offer total control via a seamless tracking of all transactions in the economy, and the ability to block payments if an uppity citizen dares get out of line.
Martin also reports on a secret meeting in London with the aim of getting rid of any economic privacy that remains, by ending cash.
"I find it extremely perplexing that I have been the only one to report that there is a secret meeting in London where Kenneth Rogoff of Harvard University and Willem Butler the chief economist at Citigroup will address the central banks and advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval."
Read article on the Russian version of Pravda.Ru