Posted on 01/18/2017 12:09:45 PM PST by Lorianne
Joseph Stiglitz, Nobel Prize-winning economist, thinks so. Phasing out currency and moving towards a digital economy would, over the long term, have “benefits that outweigh the cost,” the Columbia University professor said on day one of the World Economic Forum's Annual Meeting in Davos…
“I believe very strongly that countries like the United States could and should move to a digital currency,” he said, “so that you would have the ability to trace this kind of corruption. There are important issues of privacy, cyber-security, but it would certainly have big advantages.”
https://www.weforum.org/agenda/2017/01/the-us-should-get-rid-of-cash-and-become-a-digital-economy-says-this-nobel-laureate-economist
(Excerpt) Read more at zerohedge.com ...
The answer is NO. Now go play grab ass around your giant Owl Statue homos!
So the “Masters of teh Universe” want to ban cash?
Great.
I’ll use Bitcoin rather than your inflationary, negative interest fiat crap.
Pretty soon you’ll need a mark on your forehead to be able to buy and sell....
Memo To Joseph Stiglitz:
Click the Pic
Jughead has just about succeeded in making us a cashless society during his 8 year reign...
I certainly don’t want the State to be in charge of my spending.
As outlined in the book “The Handmaid’s Tale.”
They want to be able to track everything you spend your money on. Big Brother is watching.
The PDF there was very interesting.
And We the People call for a ban on Davos Elites in the U.S.!
Lack of any decent employment has made 95 million Americans all but cashless.....as you were saying.
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Don't laugh. Its happening in India. Even the smallest wet-market vegetable seller is being issued with an electronic card reader to accept bank-card swipes from buyers. Without cash, there isn't an alternative. The Indian Gov't is happy because tax revenues are up 14% since they banned large cash notes, and no politician is paying a political price either. Don't think that our own elites, leftists, and statists are not watching closely.
They will happily see the end of garage sales or church bake sales for that kind of control.
“The monstrous evils of the twentieth century have shown us that the greediest money grubbers are gentle doves compared with money-hating wolves like Lenin, Stalin, and Hitler, who in less than three decades killed or maimed nearly a hundred million men, women, and children and brought untold suffering to a large portion of mankind.” E. Hoffer
...and to make that happen everyone must have a number. Ummm/// I think I read that somewhere in the Bible. Revelations anyone?
Vending machines were already electronically-tied (some of them, that is) to a “credit card” for students at the state university I was attending - back about 1989.
I’m surprised more of them are debit-card and credit-card only, 27 years down the road.
No advantage of mine.
We already have no debt.
And I doubt anyone would wipe that account.
They’d wipe the one with the money in it and you could still be left with the debt and no means to pay.
I’m not interested in the mark of the beast kind of economy anyways.
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