Posted on 12/13/2016 8:12:03 PM PST by upchuck
As physical currency around the world is increasingly phased out, the era where “cash is king” seems to be coming to an end. Countries like India and South Korea have chosen to limit access to physical money by law, and others are beginning to test digital blockchains for their central banks.
The war on cash isn’t going to be waged overnight, and showdowns will continue in any country where citizens turn to alternatives like precious metals or decentralized cryptocurrencies. Although this transition may feel like a natural progression into the digital age, the real motivation to go cashless is downright sinister.
The unprecedented collusion between governments and central banks that occurred in 2008 led to bailouts, zero percent interest rates and quantitative easing on a scale never before seen in history. Those decisions, which were made under duress and in closed-door meetings, set the stage for this inevitable demise of paper money.
Sacrificing the stability of national currencies has been used as a way prop up failing private institutions around the globe. By kicking the can down the road yet another time, bureaucrats and bankers sealed the fate of the financial system as we know it.
(Excerpt) Read more at lewrockwell.com ...
The entire banking industry national associations have been devising marketing and promotion schemes to lure consumers away from cash to card, and for a reason that ultimately allows them to install NIRP which is already happening in more and more nation-states.
You, I and just about everyone else have been sucked in because of convenience. But the scheme allows for NIRP which allows for the ruling class to control us just about completely.
But in tandem with the ongoing NIRP makeover, cash must be made physically obsolete and deleted as an option. Because NIRP will drive us to cash unless there is no cash, then we are stuck with NIRP which means we are screwed.
The only alternative to a NIRP-Cashless system is independent cryto-currencies using Block-Chain Technology. As the author points out, that will bring a showdown.
Be aware and wise to what’s coming. It may happen in 5, 10, or 15 years but the trend is in that direction unless someone like Donald Trump has people come up with an alternative that prevents tyrants from taking advantage.
For the sick a-holes who get thrills over controlling other human beings, NIRP is Nirvana.
And just happens that all the banks get their cut for every exchange
Another reason:
Every financial transaction becomes a matter of record.
No more tax-free person to person cash sales.
No more working off the books to earn some tax-free cash.
And everything you sell or purchase will enable the government to create a personal history on you.
Who is hording ammunition?
Who purchased an excessive amount of food?
Who is stockpiling survival equipment?
Who has a cache of precious metals and coins?
Furthermore; government computers will easily be able to identify any imbalance between reported income and spending.
New link:
The One-Hour Meltdown: Part Two:
https://grandpappy.org/eonehou2.htm
These articles are intended to push public opinion. “Oh, cash is out of style, I’d better follow the bandwagon.”
No, thank you. I don’t want Big Brother to be able to track everything I do quite that easily. Yes, they can do it if they care enough, but I’m not going to let them do it just by monitoring my digital footprint.
Not to mention tax money. If every transaction is recorded, every transaction can be taxed.
Yep, no shortage of slavery ahead. Hopefully I’ll be able to use cash until jy demise.
Bills are serialized. It wouldn’t be too tough to track them too.
You are correct. There has to be a medium of exchange. Whether it’s gold or bags of Oreo cookies, there will be one.
No, this is being done so that governments can more easily trace transactions, but more importantly shut down all transactions during times of crisis.
How will people pay for prostitutes and drugs and remain anonymous?
Blockchain means private owners of a particular currency.
Govt and Banks and their trash money is no longer needed.
A bank’s sole purpose now is only bill paying.
I use cash to buy things that I do not want a part of my health record. Grocery stores sometimes. Liquor stores. Smoke shops. Novelty shops. My husband always gets CVS coupons for savings on nicotine patches and gums. CVS quit selling tobacco products. He always uses plastic.
let me introduce you to the concept of bank and credit union tellers.
requires preplanning and forethought, but effective.
Silver & Gold......
Cash is queen. Cash flow is king.
Here in NJ cash is increasingly replacing legitimate transactions as our black market economy swells (gradually replacing any real economy as the state slowly dies). Many people (not just the illegals they traffic here to replace the fleeing Americans) are paid in cash, and many pay cash for illegal apartments (as old single-family homes are illegally converted to multi-family or de facto boarding houses). The influx of foreigners has a healthy distrust of banks and government, and it is not uncommon to see actual groceries for sale in flea markets (yuck).
Cash is here to stay, and we have enough corrupt politicians (who appreciate payment in cash) to ensure that.
Having that as an option is great - mos of my spending is via credit card. But if physical cash is done away with, electronic control makes it easy for some really bad crap to happen at a dictator's will.
I am a fan of bitcoin, but there is still a need for real money. Money (not currency) has intrinsic value and privacy going for it. Blockchain currencies are lacking in these benefits - though zerocash does seem to be taking steps forward on the privacy issue. Pretty much anything would be better than the debt based ponzi scheme that we are using now.
Absolutely! Bump.
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