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The Criminal Banking Cartel's End Game: A 100% Digital Monetary System
There is no doubt that the elite have always sought to carefully manufacture news and to control the beliefs of the masses through their interests in funding education and in owning media distribution channels for centuries. There is a wealth of history that chronicles the elite’s desires to control and sway public opinion by manufacturing news versusthe honorable journalism pursuit of reporting news in a fair and accurate manner. For example, in 1917, Congressman Oscar Callaway stated, as documented in the Congressional Record:
"In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interests, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press of the United
States. These 12 men worked the problem out by selecting 170 newspapers, and then began, by an elimination process, to retain only those necessary for the purpose of controlling the general policy of the daily press throughout the country. They found it was only necessary to purchase the control of 25 of the greatest newspapers. The 25 papers were agreed upon; emissaries were sent to purchase the policy, national and international, of these papers; an agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interest of the purchasers.”
"This contract is in existence at the present time, and it accounts for the news columns of the daily press of the country being filled with all sorts of preparedness argument and misrepresentations as to the present condition of the United States Army and Navy and the possibility and probability of the United States being attacked by foreign foes. This policy also included the suppression of everything in opposition to the wishes of the interests served. The effectiveness of this scheme has been conclusively demonstrated by the character of stuff carried in the daily press throughout the country since March, 1915. They have resorted to anything necessary to commercialize public sentiment and sandbag the national congress into making extravagant and wasteful appropriations for the Army and Navy under the false pretense that it was necessary. Their stock argument is that it is ‘patriotism’ They are playing on every prejudice and passion of the American people."
In the century that followed, the financial elites worldwide have learned much through their brainwashing campaigns and have successfully consolidated their power to manufacture, rather than report, the news through mergers and acquisitions of multinational media companies. Noam Chomsky & Edward Herman’s landmark 1988 book Manufacturing Consent chronicled the continuing consolidation of news control into the hands of just a few people. Today, at the FreePress website,one can peruse the handful of companies that dominate US media. One can further peruse the same controlled media environments worldwide in many countries at the Wikipedia webpage: “Concentration of media ownership”.
Today, the media is making a deliberate push to condition the masses to an extremely dangerous idea of a cashless society – the end goal that the banking cartel wishes to impose upon the world in an effort to control and subjugate anyone that may dare have the guts to oppose any of their multitude of anti-humanitarian banking activities. Just peruse through
some of the below articles from the past several months that have popped up in major publications:
“Does PayTag mean the end of cash in your pocket?” the UK Telegraph
“The [Spanish] Government Prohibits Payments of Transactions Exceeding 2,500 EUR in Cash”, Libre Mercado
“Time to Cash Out: Why Paper Money Hurts the Economy”, Wired Magazine
“How Cash Keeps Poor People Poor”, Time Magazine
The above is a mere sampling of dozens of articles with the same tagline or topic that have been disseminated in the mass media over a condensed period of just a few months. Below you can find a sampling of paraphrased key ideas and principles that these articles desire to promote.
The Prime Minister of Spain, Mariano Rajoy Brey, announced that the Spanish government now prohibits payment in cash for any transaction involving business professionals that exceeds EUR 2,500.Cayo Lara, leader of the United Left party, stated that those who violate the ban will face fines of 25% of the amount of any transaction that exceeds 2,500 EUR that are made in cash.
Coins and paper bills are the silent enemy of the poor. Vishnu Sridharan of the New America Foundation argues that cash-based economies “harm the poor by heightening the risks they face when carrying money and fueling government corruption and inefficiency.”
Any form of money that is not digital is bad for society and bad for the poor. Imagine literally having your life savings under your mattress or folded into a coffee can, vulnerable to fire, thieves, drunken relatives or nagging neighbors. Imagine having to ride the bus for hours to settle a bill, or traveling for days to deliver funds to a relative. Digital money solves nearly all money problems for the poor.
These arguments, put forth by banking shill David Wolman, would offend the sensibilities and intelligence of even 12-year old children like Victoria Grant. Anyone that has the most rudimentary understanding of our present monetary system knows that inflation and fractional reserve banking, not coins and paper bills, are the silent enemy of the poor. Furthermore, coins would be the biggest friend to the poor if they were made of pure gold and pure silver. Instead, Wolman attempts to serve up massive servings of rubbish to the readers of Time and Wired magazines by deflecting attention away from the root problems of poverty, the fractional reserve banking system that punishes the poor, the elderly and savers. Wolman pushes a ridiculous argument that the root causes of poverty are based upon the idea that because we have money in physical form, that makes it easy for poor people to have their wealth stolen.
Wolman, never once, reveals the fact that our unsound, corrupt monetary system silently steals wealth from the poor in perpetuity through the constant assessment of the inflation tax upon their savings and that the greatest warrior against poverty would simply be to institute a sound monetary system. Furthermore, if Wolman is going to quote someone that says the poor should never possess money that could be burned in a fire then why should anyone ever possess anything that could be ravaged by fire? Clearly, Wolman’s agenda is one of the banking cartel and not to assist the poor as a purely digital monetary system further devolves our already unsound monetary system into an exponentially more unsound
monetary system.
Wolman continues his propaganda and lies campaign in Wired Magazine when he states that no taxpayer should ever want to pay the fees associated with creating paper money and coins that the public considers to be a “nuisance”. Coins are a nuisance today because they contain hardly any metal of value. But mint coins from gold and silver as was specified in the Coinage Act of 1792 and as specified in Article 1, Section 8, of the US Constitution and I’m sure that US citizens would not consider as a “nuisance” coins that appreciated in value every year against other useless coins used as money around the world. Also of great irony are the names of the organizations that are quoted in these articles, like the renaissance-sounding New America Foundation and the humanitarian-sounding Consultative Group to Assist the Poor (CGAP). The CGAP’s Mark Picken’s states: “The cell phone is the best point-of-sale terminal ever.” I’m not sure with what kind of poor people Mark Picken has been associating, but when I visited poor villages in Cambodia, Thailand, Myanmar, Mexico, Indonesia, etc., I don’t ever recall observing a high percentage of cell phone ownership.
A little digging reveals the true anti-humanitarian agenda of the Consultative Group to Assist Destroy the Poor. Unsurprisingly, given the deceit of Picken’s comments, the CGAP is funded by the ultra-elitist, poverty-creating World Bank. Ditto goes for the New America Foundation. The NAF’s founders and board members reads like a Who’s Who list of corporate and financial elitists from Ivy League Harvard University professors to Council on Foreign Relations (CFR) members to Google and Bilderberg member Eric Schmidt to former Washington Post editor Steve Coll. It should come as no surprise that the information provided within these articles originate from members of elitist organizations that have always had a hand in manufacturing consent through their control of media outlets and news.
These articles, as they were all released within a very condensed time period, indicate a premeditated effort by the banking elites to pre-condition people into an eventual Pavlovian
acceptance of a cashless society. Just as it is no coincidence that Charlie Munger, Warren Buffet and Bill Gates all chose to very publicly denigrate gold within days of one another in their failed effort to help suppress gold prices just a few weeks ago, it is no coincidence that a handful of major publications all published articles peddling a strong push and acceptance for the creation of a cashless economy. Such an argument, if accepted by the masses, is truly dangerous for a number of reasons.
First, the coordinated media deluge of articles pushing for a cashless society clearly delineates, in my opinion, the end game of the banking cartel run by the Rothschilds, Warburgs, Morgans, Rockefellers et al. –the collapse of our current fiat currency system. There are those that argue that these unprincipled men want to uphold our current system but I think that they are missing multiple signals that they actually want to bring our current monetary system to a great fiery crash in order to install an even more repressive monetary system to replace it.Secondly, these articles are dangerous because they are also clearly designed to condition the masses to adopt the erroneous beliefs that gold and silver will lose their value, for what value could gold and silver possibly have when all future money is to be represented by digital bytes passed back and forth among computers? These articles are designed with three purposes in mind in my estimation. One, to ensure that people that were on the fence about buying gold and silver will not purchase gold and silver. Two, to goad those that hold gold and silver now to make a bad decision and sell their physical stores of gold and silver for fear of a gold and silver “crash”. And three, to eventually seize more control over the people as 100% digital money makes it very easy for the banking elite, as described by the Morgans in 1915, to suppress “everything in opposition to [their] wishes.” If we ever were to gravitate to an all digital money society, and were the masses to believe Time Magazine’s propaganda that “coins”, and not fractional reserve banking-induced inflation, is the “silent enemy of the poor”, then once a dissenting voice grows too strong and too loud, the banking cartel merely needs to zero out the digital bytes in that opposing voice’s bank account to effectively forever silence dissent.
Or consider other scenarios in which a 100% digital monetary system makes it incredibly easy to silence dissent. What if you believe in solar-activity based global warming but believe that the carbon-based global warming theory is a banker manufactured fraud to increase taxes on the people and you refuse to pay some bogus government legislated carbon tax because you sincerely believe it to be unjust? If we live in a 100% digital money world, civil disobedience and refusal to pay what you feel to be an unjust tax may become impossible as the banking cartel can merely digitally siphon off your funds without protest being possible. Banking cartel theft of citizens’ wealth (in addition to the already existing theft through inflation and income taxes) obviously is more difficult under our present cash and coin system than it would be under a purely digital system. Consider the repercussions of bankers that try to impose an unjust new tax under a physical gold or physical silver monetary system. In order to enforce payment upon resistors, the banking/government cartel would have to send armed men into a resistor’s house to extract that money, with the risk that this resistor may react violently to these home invasions. This is a scenario that the elite banking families want to avoid at all costs, and thus the reason for their strong push to gain widespread acceptance of a purely digital monetary system.
In the meantime as Central Bankers push for mass acceptance of their digital monetary system through their media propaganda blitz, Central Banks continue to buy massive amounts of gold, even though they still employ their shills to tell you that gold is not money, affecting a remarkable about-face in policy from just a few years ago when they were consistently net sellers every year of 500 tonnes of gold or more. Today, Central Banks have to transformed from massive sellers of gold into massive net buyers of gold. At a minimum, this turnaround from net selling to net buying in just the past several years is 1000+ tonnes but could possibly be in the multiples of this figure as “official” figures of gold purchases are always significantly understated due to Central Banks’ delays in reporting gold purchases or avoidance of reporting purchases at all. For example, China has not reported any increase in their official gold reserves since 2009 although their imports of physical gold through the port of Hong Kong has recently been skyrocketing. Could it be a mere coincidence that Central Banks are so concerned with buying as much physical gold as possible right now at a time when their owners are engaging on a massive propaganda campaign in pushing an agenda of a 100% digital monetary source? I think not.
Furthermore, the Central Bank race to the bottom in their fiat currency devaluation war and their devolution into a permanent Zero Interest Rate Policy continues to chug along. Just this past week, the Reserve Bank of Australia cut its key interest rate by 25 bp. When is the last time you heard a Central Bank in any major global economy help protect the purchasing power of people’s savings and in particular, help the elderly in their country that depend upon the preservation of the purchasing power of their savings, by raising interest rates? Thus despite the global stock market’s surge in the past couple of days that is largely attributable to the leaked news from the WSJ’s Jon Hilsenrath that QEIII is back on the table, I’m not as positive as everyone else seems to be that the Feds will make such an announcement at their next meeting this upcoming June 19th and 20th. Why my uncertainty in a sea of certainty? For one, the Feds have a reputation for deviously building expectations in the public eye and then doing the exact opposite of what the public expects to gain the maximum desired effect in their manipulations. As I’ve stated dozens of times in the past, I believe that the end game of the Central Banking cartel is to usher in another manufactured crisis that utterly destroys the US dollar and the Euro so that they can implement measures, perhaps a pure digital money society, that allows them to consolidate their power over the people to an even greater degree. Of course, creating and introducing trillions of additional dollars into the monetary base will effectively destroy the dollar over time, as it reinforces their current “extend and pretend” strategy.
However, should the Rothschilds, Warburgs, Rockefellers, Morgans et al decide that they want to expedite the destruction of people’s wealth in a more efficient and rapid manner, they could withhold the creation of the trillions of more dollars that would be necessary to uphold the financial derivatives market afloat, and instead, in withholding this money, cause the derivatives market to implode, thus triggering the blowback of bank failures across Europe and the US. And voila! The Central Bankers would accomplish their mission of destroying the people’s wealth in a much more timely manner than continuation of their "extend and pretend" policy. Thus, this is the great irony of our current situation. The criminals that run the Great Ponzi Embezzlement Scheme that is our global monetary system can deliberately destroy people’s wealth (that have no physical gold and physical silver and that store their wealth in fiat paper currency) through a number of options, and only they know what option they will choose. Thus, in the end, though global markets are reacting now as if QEIII is a done deal already, I would proffer up a guess, that at best, it’s only about a 50/50 shot that this will happen. If gold and silver continue to rise into the June 19th and 20th Federal Reserve meeting then the chances of inaction and the probability against another massive round of fiat money creation rise considerably above 50/50.
In any event, does a 100% digital money society benefit any citizen in any of the 193 countries in the world? In one word, no. Thus, we must do everything in our power to ensure that this global banking elite agenda is not fulfilled. I know that many people feel that the fight against the immoral banking cartel is futile, but I assure you that this is not the case. Recently, I conducted a simple poll at the SmartKnowledgeU Facebook page to try to assess what percent of the population understands that our current monetary system is inherently fraudulent and immoral. Of 649 people that read the post in the first two days after I posted it, 53, or 8.2%, stated that they understood this fact. Though some people that responded to the poll stated their frustration that the percentage was not much higher, when I conducted a similar poll 5 years ago, this percentage was much lower, at less than 4%. So the percentage of people that are awakening to the truths of our monetary system has doubled in just five years and I believe, continues to grow every day. Thus, unlike politicians that always preach but never deliver hope, we do have reason for real tangible hope to win the war against the banksters. Furthermore, one anthropology study determined that the trigger point for knowledge to go viral in a community is only 8% so we possibly may be right on the verge of monetary truths about our corrupt banking system going viral around the world. And when this happens, our war to establish a sound monetary system becomes infinitely more winnable.
One of the most effective tools of countering the elite banking cartel’s agenda is simply to buy more physical gold and physical silver and/or to convert a comfortable percentage of your paper fiat savings into physical gold and physical silver. I’ll explain exactly why such a simple maneuver will continue to protect you from the possibly devastating consequences of the global monetary end game in future writings. In the meantime, please don’t be fooled by the current banking cartel propaganda campaign that they want to offer us a purely digital monetary system for our “convenience” or to help solve “poverty”. Such an agenda to get rid of all other forms of money other than digital money is 100% about the banking elite’s desire to attain absolute control over us and nothing more. If we allow such an atrocity to become reality, we can effectively kiss what little economic freedoms we still retain goodbye. Thus we have no choice but to keep faith that we will win this battle.
About the author: JS Kim is the Founder and Managing Director of SmartKnowledgeU, a fiercely independent research & consulting firm that concentrates on
providing guidance in using the Precious Metals of Gold & Silver to preserve and grow wealth with a greater mission of fighting for the re-establishment of a sound monetary system worldwide. The SmartKnowledgeU Crisis Investment Opportunities newsletter has returned a cumulative positive yield of +155.57% from its inception in June, 2007 to June, 2012 despite the massive volatility and banking cartel manipulation of gold and silver. In the meantime, from 2001 until June 2012, the S&P 500, when priced against gold, has lost 84% of its value. Follow us on Twitter @smartknowledgeu.
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Thank God for distant rural places around the world.
I just want to live in peace and freedom but obviously that was not the era into which I was born.
South Africa is a good place especially Cape Town the standard of living is good, government is not intrusive, data bases are a relatively new concept, taxes are low and the weather is the same as Calafornia our petrol (gas) is much cheaper than the USA. The government will never force a cashless society most black people will never accept it they want to see and feel there moola. I know some companies that have to draw up to R70 000 cash a week to pay their workers as they refuse to use cards. It’s a really cool place to live and the bonus, land is cheap and you can be under the radar as the say.
From my chats with my elite buddies - they are people too you know - i understand that this is exactly what they want... they need unchecked p2p digital currencies the most : )
Get some new fucking buddies!!!!!!! "If you continue to look into the abyss you become the abyss!"
there's enough cash in the system to keep the illegal drug, gambling & other trades working with about 25-30% coverage. there's no appetite to shut this down, i assure you.
the most substantial benefit to an 100% electric currency is the elimination of risk of a bank run, since you can't withdraw a deposit from the fractional banking system.
US, UK, most of Europe. You know, the most advanced police states. And when you speak of the US and UK you are really speaking of the entire Anglo empire, which also includes Canada, Australia, and New Zealand. Where daddy US/UK goes, the rest soon follow.
the 20 year countdown to the return of yahushua began sometime in 2008 and marked the beginning of many sorrows which will lead to the establishment of a one world totalitarian regime (compassionate conservatism) sometime around 2020.....the destruction of the cashful society is entering its final phase as described here....jim willie has spoken of the financial crisis as a currency war....the debt bomb in the form of interest rate swaps will demolish economies paving the way for more "patriotic" efforts to institute global fascism...the next 8 years will be most transformative in very ugly ways....the fukushima and macondo disasters are sneak previews of coming attractions which will solidify the culture of murder....concentration camps have been erected and will become hotbeds of murder in the coming months to eliminate undesirables....
all of this takes place under the aegis of the most educated and culturally sophisticated generations of all time....bow down to your most worshipful master, the great infallible all-knowing corporation and university....defiance will sign your death warrant.
duplicate
Beyond the obvious nefarious purposes and security risks of digital money supply, consider the technical implication. Can you imagine going to the grocery store when the networks are down (happens all the time), and not having cash as an alternative? How about the number of times that any of the banks had their online banking shut down for any number of days?
It's not TECHNICALLY possible because systems are not available 24/7, and no such guarantee can be made. At best, if we had a "Manhattan Project" style investment, it would take at least a decade to make this remotely viable.
It's not FEASIBLE because the security implications are beyond the already nightmarish mass hacks of "secure" sites like Visa and Mastercard.
It's not DESIREABLE because of the government's proven track record of overstepping the bounds of its power.
It wouldn't matter anyway, because it would take enough time to implement across the public that everyone who despises this sort of overstepping would flee the country.
Ever heard of a SNAP EBT card? Digital Payments are already a reality and in place today for 45M+ Food Stamp and Welfare recipients. The "unbanked" already have SNAP EBT cards. SNAP EBT cards are accepted by every food store, retailer, and gas station in the US. It is rare that any of these systems are down.
Open your eyes and look around before you make really foolish claims. Your time to flee the country was about 10 years ago.
In every one of your examples, the response is, "so."
Not the problem of the "system."
Poor, not in the club? "So."
Same thing with the DHS/TSA crotch grabbing and x-rated security "for YOUR safety."
100% incorporated bullshit, shilled by those in pinstripes.
I had a VC tell this to me before- everything I said, he said So?
it annoyed me at the time, but I eventually recognized the truth in it.
So?
So what if you can't buy your chips and soda when the system is out, screw you serf.
So what if we mis-placed your pennies or your pennies were hacked, screw you serf.
So what if your power went out, screw you serf.
It's all about command and control of people.
Digital currency works fine until the power goes off or the system is down.
Same response as other comments, "so."
The only impacted are those without. Who the fuck cares about the needs of others when there is a fascist system to force support?
Just watch how helpless and hapless any business is when the power is off for any length of time. Last week during a power outage, every business in that area simply put 'Closed Due To Power Outage" on their doors. I tried to buy something at a corner gas station with cash - even told them they could keep the change - and the guy wouldn't sell!
Our society is about one extension cord away from being cave-dwellers.
I am in retail, and because we are a fairly remote community, the power goes out alot. I am completely capable of writing a hand-written receipt, and calculating change without a register telling me how. Anyone in retail who cannot do this shoud be fired, imo.
As an observation, we sure are making sure that we turn youngsters into adults who cannot function when the internet, phones, etc go offline. That fact scares me that we are becoming smarter in some ways, yet as dumb as dirt in basic life skills.
My husband trades the "fruits" of his labour for other "fruit" all the time. Even the local tire business will trade for tires if they want what you've got. (and no, he is not a drug-dealer).
If the powers decide to go "cashless", it will just make more people forced to trade and barter, which I fully embrace! Trade with your neighbour, it's your right as a Free Citizen of the world!
and how will you get paper money from the atm without power?
Back woods preachers have been predicting it for decades. They and their congrgations were up in arms over the social security number and then FDR in 1934 promised the American people it would never be used as a form of identity. My old original card still says in tiny red letters not to be used for identification. The pace is picking up.
"Behold I come quickly."
When the russian govt needed money they just took 10% from everyones accounts. Convienience always has a price.
666 around the corner?
The tyranny of the present central banking system and its cartel of TBTF corporate operators is evident in the simple fact that no average citizen has a reasonable alternative to it. I don’t think the government should impose any monetary system on its citizens. Let the alternatives, like gold and silver coin have a real opportunity to compete and may the best system win. Most likely, both systems would win and be adopted to some extent since one is better for saving and the other is better for transactions.
I would like to see a new digital monetary unit created that automatically holds its purchasing power by adjusting in dollars for inflation and taxes. That’s what I would like to hold in my bank account. That’s what I would like to get paid for my salary. Let the government back that. In other words, let them put their mouth where my money is.
There ARE alternatives, but most people are too cowardly to touch them.
Digital Gold currencies, Bitcoin, Pecunix, Voucher-Safe, Open Transactions, and of course physical metal.
All these are here and functioning.
But most people won't even look at them until they are given permission to do so.
Correction: until our "regular" currency goes full-digital.
If there's ONE thing that this economic crisis thing is going to achieve then it's alternative open-source p2p digital curriencies.
Money = trust, no matter in what form.
I trust my friends more than I trust gold.
"I trust my friends more than I trust gold."
Thanks for this. Will be used everywhere.
Yeah, Bitcoin is being demonized as we speak as the go to currency for "illegal" purchases.
The other ponzi currency.
Exactly.
They will bribe and coerce the politicians and the MSM to enslave the average person to usury hand-in-hand with parasitic governments by eliminating PM's and cash transactions.
People will either have to be slaves to government gravy or corporate meal pellets (soylent green).
You could get a gallon of gas for about a quarter in 1964. That same quarter today will still fetch a gallon of gas, and then some:
http://www.coinflation.com/
Coins, "the silent enemy of the poor"? Only a percocet-addled economics professor heading a criminal banking cartel would be willing to spout drivel like that without a bag over his head.
This is a very interesting article, with many levels of discussion,
however, while it is true that a universal type non cash environment would be a threat to liberty, cashless has it advantages when used on a small scale, Hong Kong is regarding by many people as being among the top countries in the world in terms of economic freedom, millions of people in Hong Kong daily use the famous octopus card not only in the metro stations, tube, subway, but in 7-11 type stores,
https://en.wikipedia.org/wiki/Octopus_card
Would be interested in reaction to this use by Chinese readers.Also micro payment uses in countries in East Africa are useful.
http://www.economist.com/node/21553510
According to the economist article there are at least 17 mobile payment companies in Kenya, I would be interested in a discussion on this topic, many unbanked Americans would like to have such a service.
No one questions the value of digital payment systems, but everyone should question the wisdom of having legal tender that is exclusively digital.
Paper money is the spawn of Satan.
Digital money is even cheaper and easier to 'print'
So isn't digital money.
So isn't digital money.(?)
There fixed it for you...
DaddyO
Recall the steps taken by the US government to forbid the use of credit cards to purchase services on the internet, such as gambling, that it has outlawed.
The next step in a cash-less economy is government presuming the power to control who can use the electronic monetary system and who is forbidden to use it. When the use of cash is sufficiently suppressed, government will have the power to literally eject a person from the active economy, to make them an 'economic outlaw'. The Leviathan State can then draw everyone within its monetary system into its ideology as well. Ultimately, this will make a State's citizens its total captives.
This is the literal fulfillment of the sanction associated with the Mark, that those who decline to accept it will be ejected from the economy and will be made homeless and jobless, literally having all money in common use taken from them with the press of the OK? button.
PL is spot on - and succinctly states the endgame. The simplicity and elegance of such a system is totalitarian and the sort of soft tyranny that only needs the slightest tweak to put anyone in his place while preserving a normatively functioning economy. Interestingly, it also has the seeds of its own destruction. A separate economy would arise, by virture of persons excluded and become based on barter and precious metals and supplant - and would be 'tolerated' until it got traction. It is easy to see the cash free economy at work among many compliant peoples and nations, the US will not go so easily though and oddly enough it is here, where efficency is so highly regarded, that it will get its strongest supporters. The fascists are always at work.
Fuck YOU'S all Bankers....!!!
8.2% is not far from that 10% some people say is the tipping point.
Too bad the real rate is about 11...looks like we tipped.
Or, you tipped quite a while ago if you were a black or hispanic youth.
This makes me wonder if they win this war, then what? The elites need other people. They're like the CIA which often doesn't think things through and create more of a mess than if they had not acted, because they have too much money to throw around. So perhaps the law of unintended consequences will take effect here. Just as a revolution probably won't work out, their plans won't work either. The invisible hand will work its magic.
The ideal digitalization of the monetary system would be a phone app gram scale to facilitate the exchange of small nuggets, fines and dust.
“The cell phone is the best point-of-sale terminal ever.” I’m not sure with what kind of poor people Mark Picken has been associating, but when I visited poor villages in Cambodia, Thailand, Myanmar, Mexico, Indonesia, etc., I don’t ever recall observing a high percentage of cell phone ownership.
Well, wait five minutes and check again. They're absolutely right about this.
But yes, an official, all-digital money system would eliminate a huge amount of tax avoidance and illegal (from the government’s perspective) activity. When almost all major purchases are required to be transacted with digital money (or you have no alternative because there is no official cash money) there is an audit trail for everything not conducted via barter, gold etc. Ouch.
http://www.nationmaster.com/graph/med_mob_pho-media-mobile-phones
Thailand cell phone usage: 26/100;Burma/Myanmar 0.03/100;
Mexico 25/100; Indonesia 5/100.
These figures must be old, in South-East Asia the figure is well over 50% according to recent market research, that's including rural populations (in large cities the saturation is close to 100% like anywhere). Also note that high amount of young children pushes these figures rather artificially down, as handphones are generally for teens+. Rest assured your average rural asian farmer today has his own handphone that he's using to get weather forecasts, seed prices etc.
Burma is a known exception due to its policies.
Yes, and?
Continuing that line of stopped-short reasoning, people will use what works for them. If it's digital currency to pay taxes, or official bills for example, they will likely use it. If people find digital money intrusive, expensive, or otherwise less useful for say personal transactions, then it will be, well, less used. People are funny that way: they invent alternatives to inefficient ways of trading.
And that's the key. In the final analysis, it's not really about money, but trade. We trade w/each other to obtain the things we cannot or will not produce ourselves. Money is simply an aid to that trading process. If a particular form of it becomes onerous, it will be discarded as human history so amply demonstrates.
The overweening conceit and naive faith in totalitarianism--that the govt can impose any monetary standard it wants...and get away with it--is ill-founded. It rests on a simplistic if not savage view that elevates money to primacy rather than keeping it in its proper supporting role.
Agreed. But when you can't say, get licence plates for your car without a receipt showing a digital payment P&S your undocumented, economic range of motion is seriously restricted.
How about this, guys... It's not a full escape from the mark of the Beast but it's a big step in the right direction: No honest work for dishonest money, and no honest money for a dishonest system.
So when they try to get everyone to take the new world digital currency, quit the corporate job, start a big garden, live simply, and barter. Also go on the dole! How hard can it to scam disability? Surely ZHers are smart enough to wheedle enough from the system to pay the tribute which it extracts in the form of property taxes, car license fees, insurance mandates, etc. That way you won't be an accessory to robbery except for all the useless paper shuffling you inspire, and that's not your problem. In fact, the useless paper shuffling is part of the plan to bring the system down.
I would say grow weed, but since it is everyone's natural right to smoke it, growing it counts as honest work and therefore it should not be sold for electronic credits. But I have been advising screwed-over old people to consider the "three hots and a cot" retirement plan. Grow weed and don't get caught? You make money, and the weed will help people to see the absurdity of the hamster wheel. Grow weed (preferrably while squatting) and get caught? You still get a roof over your head and free health care, and the government will spend at least $50k per year keeping you locked up, which will bring the system that much closer to collapse. Just make sure they can't seize anything.
Only feeble enablers feel the need to walk the earth with a leash.
That's not my point. The government, in case you haven't noticed, has a vested interest in making your leash as short as possible. Imposing an all digital money system enables that quite a bit.