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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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A leash only works if their is a harness or collar(cellphone) to attach it to. Please dont say you can't live without a cellphone.
RED ALERT!!!
Before we go getting caught up in the fraudulent argument b/t Keynesian vs Austrian, maybe we should think completely outside the box and pay attention to this very brilliant young man:
http://realcurrencies.wordpress.com/
I am beginning to understand that the Keynesian/Austrian debate is purely and simply HEGELIAN DIALECTICAL PROCESS!!!
Tylers: You really should start posting this Dutchman's work as an exercise in alternative ideas to the entire banking system.
Please?!!!!
This flick has some flaws, but it is still frightening: http://www.imdb.com/title/tt1637688/
from a review of In Time:
In this futureworld in which time is literally money — everything, including food, shelter and wages, is valued in minutes, hours, years, decades — it’s possible to slow the escaping hourglass sand by buying more time, as the rich do. The poor, of course, are slaves to time: many die young and stay pretty, and are preyed on by time bandits called Minute Men, who clean clocks at gunpoint.
I all for digital money! The easiest way to buy my silver and gold!
Also, makes you think about the Biblical sign of the Apocalypse. Where people will have to have the mark of the Beast to Buy or Sell.
And he causeth all, both small and great, rich and poor, free and bond, to receive a MARK in their right hand, or in their foreheads:
And that no man might buy or sell, save he that had the MARK, or the name of the beast, or the number of his name.
Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. Rev. 13:16-18
Revelation 14:9
Will you have the UV tatoo on the forehead or the RFID implant in the wrist? It is so nice of them to give us choices.
Imagine your severed hand being swiped at the ATM by some street level criminal, just so the government and banking criminals can enslave you even more.
Fuck them and the lame horse they road in on.
Yeah. It's the no-choice choice like Dumbocrat or Republican.
This article is total bullshit.
Countries are trying to move away from cash for several reasons:
- anti money laundering (drug dealers don't take credit cards)
- tax evasion via the underground/black economy
- cost of cash handling (which is passed on to the bank account account holders)
The money laundering issue is significant. Each year about USD (or USD equvalent as EUR is another favorite ML currency) 1.2 trillion in cash transactions related only to drugs gets laundered in the systems. The average
note denomination are USD 20's. There are more USD 100 bills in circulation in Russia than in the U.S. 2/3rds of all the EUROs printed by the German Bundesbank are in circulation outside the EU (ie outside euroland AND the EU).
The Black economies of various countries is huge. In Spain, figure about 25% of the GDP, Greece about 40%, and Italy about 20%. All this is in cash (and hence the recent attempt by Spain to try and limit this). I am not
arguing whether a black economy is good or bad, but it is what it is.
About 13% of U.S. households do't have a bank account! So they will need cash going forward, and this bank-account-less percentage has more or less been the same for about 30 years.
The cost of cash handling (including ATM's, bank branches, the cost of robberies, lost notes etc etc) is about 30 cents per transaction, and the average cash transaction in the U.S. is for about 12 bucks. Banks lose money on the
cash. So they make up for it when you use your credit card. Rest assured, the cost of the cash handling is being passed along to the end consumer.
These are the basic reasons - not some hokey-pokey nefarious global control program.
"The Black economies of various countries is huge. In Spain, figure about 25% of the GDP, Greece about 40%, and Italy about 20%."
Source for these numbers? Or did you just pull them out of your ass? Good name for a real snowjob of a post.
Note for any future posts: People on this site can actually think, question and reason. Take that into account for any future "snowjobs" and us of ass-generated data.
I can tell you are clueless.
Most organized crime now uses nothing but electronic currency because the banks profit and protect them. They conduct much of this business with the exchange of hotel keys re-striped with debit account information, etc.
Since your logic is so sound perhas you could enlighten ZH with the outcome of discovery that billions were laundered through Wachovia alone? Not one fucking prosecution or indictment.
Banks support and aide organized crime -- they are one in the fucking same, thus completely negating your entire premise.
Not true.
Drug dealing at the street level is still done with cash. The cash is eventually electronized via the payments systems.
Other organized crime, such as shakedowns, prostitution, illegal gambling etc are also done (from the source) via cash.
Yes, Spitzer and others pay their hookers with credit cards or direct debits, but that's a minority.
And yes, of course, the place where this is done is obviously via the banks, where else?
And yes, 98% of the time the banks caught with money laundering are fined, not the more (deservingly) severe penalty
of having their bank license revoked. This was one major reason I left the FATF work. It wasn't working.....
You are so naive.....
The unanimous junking of snowman's post/ideas is an example of why I am proud to consider myself a member of the zerohedge community.
seems pretty one-sided so far....
FWIW, I used to work for FATF, and do consulting in that business. The data is public info, so not too hard to come by.
That includes cash handling data (via the ABA), but who cares.
Cash in a society is of course necessary, but banks and governments are pushing to mimimize it as much as possible for the reasons I gave.
For banks the rationale is simple: they make shitloads more on customers via bank accounts and credit cards etc than customers who only deal in cash (and of course
people without bank accounts). Duh.
As someone who dealt with cash in a commercial bank environment, I'd completely agree that most bankers would love to see cash disappear. Cheques and credit cards and debit cards have all helped minimize cash transactions. However they all share one flaw that cash doesn't have. Non-cash payments can be denied/voided; and this arbitrary interference by a third party is unacceptable to almost any person who has ever experienced it first hand. And Mr. FATF Consultant, if you don't think that third party control over and surveillance of private transactions is what is ultimately sought, you are either very naive or a compleat fish monger.
FATF
Fucking LOL
Well let's have the government and the Central Banks' minions police money laundering!...kind of like having Rick James as your designated driver...
Snowman said "
"Banks lose money on the cash"
Creating 'cash' is the whole reason banks exist. It doesn't matter weather it is electronic cash or paper cash. They create more than they actually have in their vaults (in assets) and then loan it out at usury. They call this creating 'credit'. Read Modern Money Mechanics by the Federal Reserve.
"The Bank hath benefit of interest on all monies which it creates out of nothing." - William Paterson founder Bank of England
As for money laundering, etc. Prohibition always creates more crime and suffering than it stops. We are supposed to have a limited government. Go read some of these quotes.
http://www.fame.org/NotableQuotes.asp
Look at who it was that said those things, they weren't exactly pikers.
Go watch this cartoon. It is not entirely right but it is close.
http://video.google.com/videoplay?docid=-2550156453790090544
You are deceived into thinking the receipt for the wealth is actually the weath. That is a hell of a deal for the guy printing the receipts. He will never abuse that power right? Men are all goodness, sweetness and light? They have your Con-fidence and you signed a Con-tract. Our original system of government in the USA took this factor into account to limit government to an agreement between men to control the things only absolutely necessary to control.
You are looking at the effects rather than the cause.
http://www.afn.org/~govern/mcfadden_speech_1932.html
I couldn't give less of a fuck, actually. Whatever the reason for pushing this crap is, I ain't buying it!
And it's not because I'm totally anti-governments / corporations; I can see arguments for situations where very limited central power MAY be more efficient than huge replication of those functions on more local scales. The caveat being that we first need to tear everything down to the smallest scale we possibly can and THEN take our time and decide IF there is anything that larger government / companies might be good for. If there is, then fine. If not, then not.
No, the reason I oppose this is for the same reason I refuse to participate in supermarket 'loyalty card' schemes, do not use a credit card, withdraw cash from an ATM and spend it anonymously, don't complete market surveys, online research crud... and all the rest. Because it has absolutely fuck all to do with the Govt, Walmart, the banks or anybody else what I do with my money or how I spend my time.
It's called personal privacy and it ought to be inviolably enshrined there in every social construct right beside individual property rights, freedom of association, free speech and sound money.
Snowman,
Doubtless, some of us have become too jaded.
Vietnam, started with lies, conducted with lies, drugs, deaths, deception, explained as preventing dominoes from falling on California.
Iraq, Afghanistan, more deception, more drug lord allies.
Kosovo and Bahrain, criminal fronts for military bases.
Prohibition II, the drug rackets - world’s largest prison system. Indeed, trillion$ are laundered through the banking system. Colombia, Mexico, Turkey, and apartheid Israel, more drug syndicate partners.
Unprosecuted financial swindling to the order of more trillion$, still continuing.
Homeland Security, NSA, fusion centers, and hundreds of new laws, executive orders, federal and state, indefinite incarceration without trial, torture, assassination by decree, asset seizure without appeal
- all that and more done in the name of protecting freedoms, economic necessity, and keeping us safe from criminals.
And now, cashless economics, which would obviously be a boon for top-down economic and political control, is purportedly not now being advanced for more control,
but instead, notwithstanding such as identity and credit card fraud, is being done to protect us from the self-made problems of Prohibition II and the global war on “terrorists”, insurgents, militants, dissidents, fanatics, bandits, activists, extremists, and other “threats”(especially to “our” nefarious allies) too numerous to mention.
Yes, myself and others must be jaded, cynical, and paranoid, inasmuch as you could not possibly be a naïve believer in another media ‘snow job‘.
Well said
Show of hands of those who think this moron is a shill?
He's chronologically been around a LONG time yet disappeared for all of 2011.
Early parole this year? Extraordinary rendition and re-programming? A la carte troll from the back of the closet?
Regardless, he's definitely selling and promoting something smelling of horseshit..
Damn editor...
In a word: horseshit.
Our own government, via the CIA and DEA lanuders billions of dollars a year for the drug cartels. If they can do it with notes could do it digitally. http://www.americanthinker.com/blog/2011/12/dea_now_laundering_drug_mone...
Call "black" markets what they really are; free markets. In a free market, you don't have the tax man or bankster there with his hand out for "his share" every time you buy or sell something.
I'd sure like to know where you get your numbers for the cost of cash handling.
Only a moron would want a cashless society. It would give ultimate and total control over the people to the banks and the government.
The Snowman has Brain Freeze I see.
Guys like you frost my balls.
Snowman has unintentionally shown what appears to be a major flaw in the plan; the profits from laundering dope money, the use of dope money to buy illicit arms and fund 'black' armies/ops is so big that to eliminate it would eliminate a huge source of profits and social control. Check out LaRouche's 'Dope, Inc.' for insight into British banking's control of drugs and drug money. Until Snowman's observations, I was thinking who needs interest income if you have a 3% or 5% banker transaction fee on all commerce.
Out of courstesy, trolls should state the nature of their enfeeblement.
there will always be cash as long as guys like the CIA(poppy fields in Afghan) and DEA(in Mexico) need the billions in skim and don't want to to leave a paper trail to Swiss/Cayman accounts
Interesting report today from msnbc on how consumers, when presented to pay with cold hard cash, rather than debit/credit cards, are less likely to make "impulse" purchases....especially women (who are addicted to shopping)..
The less we are connected to our money, the less likely we are to hold on to it.
I think this is also why the corportocracy hates poker. The players, we really don't deal with basnks too well, and try to skate around the middle man as much as possible. During the Pokerstars/FTP days, we would just shuttle cash between each other on the sites (where big banks can change their transfer fee cut). We also operate in cash b/c, well ,casinos don't take credit cards (they will, however, give you a cash advance for a HUGE fee).
I always enjoy reading your articles. My comments are:
The Bankers do not like Gold and Silver because it effectivly takes the money used to Buy the Gold and Sliver out of circulation. If they keep printing Money and people hoard it in the form of Gold and Sliver it does nothing to improve the Economy.
I believe also that the Bankers want digital Money because that way they can keep track of your Earnings and spending. The Banks would be able to use any Money on your Digital Balance to make profits. You would not be able to take Fiat cash out of the Banks control by stuffing it under your mattress.
They could more easily Tax you as well as all Digital Deposits for earning would be easy to calculate. Taxes could automatically be deducted like with payroll tax. No one could sell something, take cash and hide it from the Government. Or people that make most of their Money in Tips could not avoid claiming all of the Money they make. Think about all of the repair people that work for Money under the tabel. This would be eliminated.
Think about what it would do with the Drug Dealers if they had to accept Money thru Digital Transactions. That would be interesting.
Yes, the Banks and Government lose a lot of Money, thru loss of use and Taxes with Cash floating around. That is why they would push for a cashless Society.
The reason why the corportocracy hates Silver/Gold/Cold Hard Cash even, is because, it is soveigrn.
They can't track it, tax it, or coerice people to use it in the way THEY want to. And, the people who would tend to own these currencies, tend to be more fiscally responsible....which isn't good for global business.
They want people to A) pay with debit/credit cards, as more middle men=more fees, and B) when people can't access cash, they access more debt.
A society in debt, is a society in invisible chains....because debt can cover up things that are pulling at our wallets daily, like REAL inflation.
People will eventually learn, that voting don't change much....just the color of the chairs. But when you vote with your wallet and feet.....THAT'S when freedom from corporate rule, begins.
The majority of the ppl, however, don't even realize this. I mentioned ZIRP to a co-worker the other day, and she looked at me like I had a limp horse penis on my head.
You can freeze a bank account; but you can't freeze a boullion of gold.
Yeahbutt - it would do wonders for barter and that would lead to a blackmarket system and that would lead to an endless chase as in prohibition and that would lead to a mafia alternative to the power of corpgov and that would crash the system as surely as the gold alternative to fiat (and for the same reasons).
An actual, working economy requires voluntary participation by citizen-components in a free market where choice sets demand.
Unfortunately the ptb have not yet acknowledged that fact, evidenced by their central overcontrol.
Nice points though Waterfallsparkles.
is this guy related to grahm summers??..tell us something useful and not any chicken little scenarios..
Are you related to the other tards that infest this site?
Retard. In a cashless society, YOU lose all control over your money. It becomes entirely subject to the whims of others.
Think it through. The best weapon we have against this corrupt collapsing system is an alternative non digital one. Remove the criminal middle men, exchange values and services, avoid being tracked and caged.
mrktwtch2
Sweden is already implementing a "cashless" monetary system.
This is no wild "chicken little scenario". If every donation you make, every book you buy, everything you purchase, ... the possibility for policing and economic control is exponentially increased. Every move you make, they'll be watching you (as well as eventually surely charging a % for every transaction).
If you think the ruling powers are not aware how their hand could be strengthened by going all digital, you are greatly mistaken.
http://www.cbsnews.com/8301-202_162-57399610/sweden-moving-towards-cashless-economy/
Of course, what these "genius" haven't considered is that just one major coronal mass ejection, CME, (and we're now entering the maximum in the solar activity cycle) will knock out all power (and the internet of course). Then having a physical medium of exchange for the months it will take to make enough transformers to replace all those destroyed will be very useful indeed.
It's the ultimate surveillance and control weapon.
Willem Buiter recently had a post in his FT blog about getting rid of cash to allow -ve nominal interest rates - precisely because with cash, the -ve yield can be avoided by sticking large wads of cash in a vault :O
'Real theft' isn't enough for our PhD (eCON) pals...
Bitcoin..... where fiat meets ponzi
IMHO
Uh....THE FED?!
The real reason behind an all digital monetary system: Negative interest rates. The Bernank will not even have to bother with Ctrl-P anymore. He will just compel you to spend spend spend by setting interest rates to -5% overnight.
I don't necessarily disagree, but the reason you don't have this today is that people take money out of the bank in the form of physical cash. I am not sure the elimination of physical cash will solve this fundamental problem- people will still be tempted to withdraw digital money, but now in the form of physical assets to hoard. The war that central bankers and their apologists are fighting is against the "store of value" function of money, but I simply don't see how this can be done without destroying the money itself.
Why would you buy gold/silver if your digital withdrawl showed the govt. what you bought with it? They could impose a 50% tax on all gold/silver purchases and collect every penny of the tax thanks to the digital footprint of all transactions!!! As it is, you can withdrawl cash from your account and walk into a coin shop and buy whatever you want, no questions asked, no info taken, no ID necessary, and most importantly...no electronic record of the transaction that can be taxed!!! It's all about total control, big brother on an unprecidented level, and collecting taxes.
No, that's not right. All digital won't eliminate the black market. People will still buy physical goods and barter them "off the grid" if they so desire. Yes, it will be harder without having cash as the medium of exhange. This will ultimately increase the price and profit of black market goods/services.
In an all digital world, it would be extremely hard for politicians to hide their bribes and their drug and hooker habits. This is why I doubt it will ever happen.
Sooo, you think the digitmasters will let you buy 1000 rolls of toilet paper to barter? Or 1000 carton of cigarettes, or ammo, or ..., any large purchase of "tradeable" items? Good luck. You lose ALL control of what you want to spend your digits on. They would not need rationing, capital controls, etc., etc., etc. You will get paid with digits and "billed" with digits until you have no digits. Get it?