Social credit and cashless are not the same thing. Conflating them is lying.
And cashless is coming. You just gotta deal. It’s a natural evolution, we always move to the convenient. Yes it has downsides, like all things. But for the majority of the market it’s easier. And that’s why it wins.
Yes it has downsides, like all things
It’s easier for the banks or financial institutions to skim, even two cents on a dollar transaction, and you won’t even notice. And the pennies add up.
I’m not arguing that it’s not coming, for it certainly is.
But to be “for it” shows fascist tendencies.
Power in the hands of evil corrupt people costs much more than “convenience”.
And of course, Control. You are trying to complete a transaction that someone doesn’t approve, like buying a gun, buying anything, donating to FR, and then your transaction is blocked.
Tom Mutton, a director at the Bank of England, said during a conference on Monday that programming could become a key feature of any future central bank digital currency, in which the money would be programmed to be released only when something happened.
He said: “You could introduce programmability - what happens if one of the participants in a transaction puts a restriction on [future use of the money]?
“There could be some socially beneficial outcomes from that, preventing activity which is seen to be socially harmful in some way. But at the same time it could be a restriction on people’s freedoms.”
He warned that the Government would be required to intervene and make the final decision.
Mr Mutton said: “That is a really delicate debate that needs to be had. It is not something we can settle ourselves, that is for the Government to lead on.”
A digital currency could make payments faster, cheaper and safer, but also opens up new technological possibilities, including programming: effectively allowing a party in a transaction, such as the state or an employer, to control how the money is spent by the recipient.
Politicians take bribes in cash. Just saying.
The push to cashless got an awakening when the globalists went after the SWIFT system and the Canadians locked out accounts of protesters. The price of precious metals shows the lack of confidence in cashless societies.
So no more garage sales, swap meets, lemonade stands or Girl Scout cookie sales. And no more collection plates in churches or anonymous donations and tips.
Uh, the headline states “cashless” which is what the post was about. The posted pix did not include “social credit”. Which was mentioned separately in the article, as ENABLED by cashlessness.
I pay for as many things as I can with cash. Just did so this morning.
Cashless is NOT coming. Cashless is HERE.
However, for those who do not comply with the wishes of tyrants and globalists, there will be oppression in the form of cashlessness.
In that vaccuum, other methods of trade will (re)emerge.