Posted on 03/29/2016 9:00:44 AM PDT by Sean_Anthony
Digital money society or a one-world currency
Sweden seemed to be at the forefront of the newest globalist scheme digital money v. cash, advocating a cashless global economy with a one-world currency. A CBS World News article reported in 2012 that a small number of businesses in Sweden accepted only credit cards, including some churches, even though elderly people prefer cash, especially in rural areas.
Bjorn Ulvaeus, a former rocker, stated that cash encourages theft, citing his own son who was the victim of armed robbery three times. Cheating and cash theft may have declined in Sweden but cybercrime around the world is indisputably on the rise. Even though Sweden was the first European country to introduce bank notes in 1661, Ulvaeus would like Sweden to phase out cash altogether.
Doug Casey gave an interview recently to Louis James of the International Speculator on the “War on Cash.” Casey described how governments would control the people’s finances through assaults on cash by making every financial transaction electronic. He presented the following historical timeline of efforts to control people’s money:
Both of those sound terrible and open to currency manipulation. The only way to stop the boom and bust cycle is to return to the gold standard.
Swedish citizens sure do Not want to be walking around with cash nowadays. They could be jumped by a couple of the 12 million or whatever many moooslims they invited there.
Many illegals and a bunch of Americans don’t report income.
At some point the fragrant violations of obligations by the few will cause the many to suffer.
I think cash is part of the American way.
It could even lead to a day where money was allocated to various categories of spending and saving. Any transaction would provide tracking information as to a person's location, on a forever record.
It's a sad world when one is happy to be a senior citizen.
bttt
And once you’re on “The List”, you won’t be able to buy or sell. Gee, I read about something like that in a book once, it was in the desk drawer of the hotel I was in.
The reality is that current digital money technology takes power AWAY from governments, rather than giving it TO governments.
Current digital money technology--for example Bitcoin, but there are many others too--enables freer flow of trade in much the same way that the internet enabled freer flow of information.
By “digital money”, most are referring to the chain of IOUs stretching from the Fed to your debit & credit accounts - a line of debt, with every penny tracked for who owes what to whom, and traced far enough is clear it all belongs to Caesar.
Yes, Bitcoin exists and is a viable attempt at a mathematical equivalent of gold, being completely anonymous (though what a bitcoin’s inherent value is escapes me) and a supply growth rate approximating GDP increase. It remains viable only because, to my ongoing astonishment, governments haven’t banned it yet.
Yeah, Bitcoin and its imitators are great....just don’t try to buy a loaf of bread with the stuff.
I have not carried cash on me for at least ten years. Debit card or credit. I can buy anything from a loaf of bread to a car if needed.
I’ve been operating cashless for years. Everything goes through my Discover card for the bonus it provides, and the account balance is paid in full every month electronically. No more worthless coinage piling up on my dresser, NO MORE PENNIES. It’s the only way to go.
Think on this. Who benefits more from untraceable anonymous financial transactions more than politicians? ;-)
It is semi-illegal in a couple of totalitarian countries. But it's very hard to prevent its use short of disabling the internet. I don't think it will be banned in most places... again, because politicians will be using it.
It doesn't yet make a lot of sense to use it in a country with a stable currency, such as the US or the rest of the West. But in places without stable currencies, perhaps you'd be surprised to find out that digital currencies are traded for goods much more.
There are some serious problems with Bitcoin and its imitators so far. But I know some people working on some solutions to those problems, and I think the future of such currencies is bright. Lots of technologies have growing pains, and digital currency is no different.
Actually, one of the biggest problems with bitcoin and its imitators is that all of them are designed with a finite supply set to be reached eventually. This inherent design flaw makes them interesting as collectibles and/or investments, but really lousy as currency.
Don't be surprised to see future digital currencies build on the strengths of bitcoin, while correcting design weaknesses such as this one.
Have you ever had the electricity go out for a few days?
I have.... Why?
Guess what you can’t do when the power goes out for a few days? Buy anything. Cash, check or charge. Try buying gas when the power is out. Try getting bread when the power is out.
Then they use generators that take debit and batch the information until the power comes back on.
Also, it keeps the bums from asking if you have any spare change.
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