Posted on 01/31/2016 10:57:04 PM PST by MarchonDC09122009
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash
http://www.zerohedge.com/news/2016-01-31/bloomberg-op-ed-calls-end-cash
So It Begins: Bloomberg Op-Ed Calls For An End Of Cash
Submitted by Tyler Durden on 01/31/2016
In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like ("by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs"), and briefly after we laid out the countless recent warnings from "very serious people" that cash is evil and should be banned:
1. Norway's Biggest Bank Demands Cash Ban 2. Bank Of England Economist Calls For Cash Ban, Urges Negative Rates 3. Citigroup's Gold "Expert" Demands A Cash Ban 4. Leading German Keynesian Economist Calls For Cash Ban
... while warning to await a full-on coopted media assault about the dangers of cash "which is an anacrhonysm from a bygone era, and that the world will be so much better if only everyone dutifully exchanges the physical currency in their pocket for digital, traceable, and deletable 1s and 0s", none other than Bloomberg issued an editorial Op-Ed in which it had one simple message: "Bring On the Cashless Future."
For those who were amused by our warning that a cashless world may be coming, here is precisely why the warning was issued, in Bloomberg's digital ink:
5. Bring On the Cashless Future - Bloomberg..."
(Excerpt) Read more at zerohedge.com ...
There’s an excellent discussion going on about the perils of 100% electronic banking and you choose to turn it into a political food fight. What’s your point?
Internet sales are supposed to be worth millions to every state not taxing folks for internet shopping. I happen to believe that is a bogus number and would be more likely to stifle or shut down smaller internet businesses. It depends somewhat on passage of the tax simplification act where business does not have to deal with the over 900 tax entities of States.
A lot of banks/countries have been buying and secreting away a lot of gold and silver.
Every transaction, regardless how small, will have fees attached to it. Taxes will be automatically deducted from your register. You'll have limits set on how you spend your money. If you don't spend enough, the masters will want to know why. Your every move will be tracked through your expenditures... said Grania
Weird how that worked out isn't it?
-It depends somewhat on passage of the tax simplification act where business does not have to deal with the over 900 tax entities of States.-
I worked for Elcotel, at the time the third largest private pay telephone network. The most valuable asset the company had was a tax program that allowed the phone buyer to pay taxes for the line usage by which each call was routed. If the call went 700 miles through 160 tax districts then a tax of constantly varying amounts was owed to each district. Sometimes it was a fraction of a penny. The second largest staff in the company was the group in charge of updating the tax program for every little town council change.
A tiny rural town west of me tried to tax every transaction, even eBay and Amazon sales. One of the main incomes for residents was the town-wide sidewalk sale every Sunday. This is how I found out about the tax. I drove through town one Sunday and there was not a single person selling anything. They were supposed to buy a $50 license and report sales and pay taxes. Most of these people were selling garden produce, old children-s clothing and the like. The tax stopped all activity. The town went back to, or possibly never stopped, being a speed trap. But the sidewalk sales have never recovered.
Lots of banks in Europe no longer even have cash in the branches.
How will drug deals go down without cash?
666.
Paul better win this election; nobody else will even try to stop this.
He may lack charisma, but he is the sole candidate who has expressed any understanding of the dangers these central banks pose to human freedom.
You got Gresham’s Law backward; it is generally expressed as “Bad money drives out good”, meaning that people will remove from circulation and keep a more-valuable form of money as long as they can get someone else to accept the less-valuable form.
They don’t like people going GALT.
...because, among other things, every purchase would serve as a tracking point. Your location would be one candy bar expenditure away from being revealed.
It is coming,
Interesting that we’re getting more and more news stories of late floating the idea around,
Satan works in whole generations, he can propagate some idea for our entire lifetime so that when hes ready to move it will seem like a normal progression and not outright tyrannical control to be used by those in power,
We are the frog in the cold pot of water and its turning up the heat to a simmer now,
God is in control of the timetable for the end, not Satan,
I don't think the a-holes have any clue what would happen to the economy if cash was eliminated.
The number of people conducting business in cash is a large segment of the economy, and if cash is removed, there will be a massive wave of people joining the welfare roles in the US once their cash-based livelihood is gone.
as predicted in the BIBLE......
The government will send vans around to pass them out for free (except for legitimate drugs for legitimate pain, which the US government at any rate is screwing down on. Funny how that works-make it difficult to get legitimate pain medication, but easier to get “recreational” drugs). . Keep the people drugged-up, poor, and stupid. It’s all happening right now. Different countries are implementing different parts of that plan right now, but globalisation and the New World Order is working to ensure that all nations enact all parts of it eventually, and I believe, sooner rather than later. Sweden is already virtually a cashless society. England has conducted polls that show a majority of people support a cashless society, or at least so they say.
So much prophecy in the making right before our eyes. If anyone’s interested, watch Billy Crone’s “Final Countdown” series on YouTube (watch the updates too), the things which are happening which we don’t hear about in the mainstream news, or if we do it’s piecemeal, not in the context of the big picture-will amaze you. We are so much further along the path than most people even have an inkling of realising.
That will be a feature, not a bug-having everyone dependent upon government, and being able to control people by deciding if they eat or not. People who reject the system will be few and far between-how many people even have the practical knowledge to enable them to reject the system? And no one manages to completely opt out, from the day we’re born we’re enrolled in the system, no matter if we drop out later in life. But the vast majority blithely (blindly) go along anyway.
A cashless society — the ‘EMP’ of economics.
Why not allow freedom to choose cash or not choose cash?
Choose gold or not choose gold?
Etc.
Freedom. That’s what we need more of.
So long prostitution.
Just consider-even if you “own” a home or property, you don’t really, truly outright own it-if you don’t pay the various government taxes and fees, you will lose it.
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