Britain Canceling its Outstanding Paper Money – Investment Watch

via Martin Armstrong

Some of the the explanation why the USA greenback stays the reserve foreign money is as it has NEVER been canceled. Europe mechanically cancels cash and banknotes to forestall other folks from hiding cash. British is canceling the phenomenal previous paper banknotes of the 20 and 50-pound notes. They did factor polymer notes which can be nonetheless legitimate – for now. That is how Europe may also pressure Virtual Foreign money via ultimately canceling all paper money forcing the underground economic system to hunt different strategies.

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