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January 6, 2017 | Money Changers Refusing to Accept Australia $100 Bills

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

currency-vortex

Because Australia has convened a commission to terminate the $100 bill, in the wake of the currency being cancelled overnight in India, there is a growing distrust of high denomination euros and Australian bills. What is interesting is A$100 notes are nonnegotiable now in India. The same is happening in Europe with the €500 bills. There is a growing distrust of paper currency after Modi’s cancellation of high denomination notes in India. The word is getting out that this is a G20 trend that is being introduced in 2017. The last currency would be the US dollar and that would require Trump’s approval by 2018. Dollars in the streets overseas are starting to be the ONLY currency of choice.

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January 6th, 2017

Posted In: Armstrong Economics

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