The following has just been reported by ZeroHedge.com about new regulations just brought in by the Italian Government. Note if any one had taken the time to attend to a lecture given by Imran Hosein in Sydney, early 2009 they would not be surprised has he foretold of a day when "money" would no longer physically exist, ie cash transactions would be limited and then banned. He said that money would only exist in you account as a debit or credit, to be tracked or deleted by the elite at any time.
- An extraordinary edict making cash transactions of more than Euro 1,000 illegal (not subject to reporting – just plain illegal). Following Prodi’s own desire, the existing regime has indicated that this level will be progressively reduced to a limit as low as Euro 300. Hence cash is maybe for the first time in history no longer legal tender (over Euro 1,000, for now).
- A requirement that credit card companies report all transactions carried out by Italians, in Italy and abroad to the fiscal authorities
- Delays and refusals by banks in allowing customers to withdraw cash balances of as little as Euro 10,000
- Finance Police has placed cameras at the physical borders with Switzerland (see below) to register all license plates. In addition, currency-sniffing dogs have been deployed at the border.