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Davos Elites Call For a Ban on Physical Cash... in the US.
http://www.zerohedge.com/news/2017-01-17/ ^
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 ...
TOPICS:
KEYWORDS: 666; bancash; bible; cash; currency; davos; economics; lastdays; prophecy; revelation13; stiglitz
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1
posted on
01/18/2017 12:09:45 PM PST
by
Lorianne
To: Lorianne
2
posted on
01/18/2017 12:11:34 PM PST
by
bkopto
To: Lorianne
It would spell the end of the Democrat Party.
Their base sustains itself on cash under-the-table (or from illegal activities) to supplement all of the government benes they’re drawing.
To: bkopto
4
posted on
01/18/2017 12:12:39 PM PST
by
SubMareener
(Save us from Quarterly Freepathons! Become a MONTHLY DONOR)
To: Lorianne
Um. No.
I do like the idea of only using money that is worth what value is stamped on it. i.e. gold and silver coins - along with digital/plastic.
5
posted on
01/18/2017 12:12:40 PM PST
by
Mr. Douglas
(Best. Election. EVER!)
To: Lorianne
Ha ha ha ha!
Hell NO!
Cash will always be king. Even if it takes the form of Bottle Caps.
6
posted on
01/18/2017 12:12:42 PM PST
by
KC_Lion
("I'm a believer that you don't need a title, and you don't need an office to make a difference"~S.P.)
To: Lorianne
Yes, and if someone hacks your account and digitally wipes it out and all record of it, you have what exactly?
7
posted on
01/18/2017 12:12:44 PM PST
by
metmom
(...fixing our eyes on Jesus, the Author and Perfecter of our faith...)
To: Lorianne
As outlined in the book “The Handmaid’s Tale.”
8
posted on
01/18/2017 12:13:32 PM PST
by
ponygirl
(An Appeal to Heaven.)
To: Lorianne
9
posted on
01/18/2017 12:13:39 PM PST
by
RushIsMyTeddyBear
(****happy dance**** BIGLY!!!!)
To: Lorianne
so that you would have the ability to trace this kind of corruption
As well as track all economic activity. Surrender your economic liberty to "fight corruption", peasants.
10
posted on
01/18/2017 12:13:54 PM PST
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: bkopto
“the link doesnt work”
Neither does the concept. Instant underground economy, likely using ammunition as currency (deliberate ambiguity in the term “using”).
11
posted on
01/18/2017 12:13:58 PM PST
by
ctdonath2
("If anyone will not listen to your words, shake the dust from your feet and leave them." - Jesus)
To: Lorianne
The Mafia would have a fit. There’s a reason they control anything coin operated, such as vending and amusement games.
12
posted on
01/18/2017 12:13:59 PM PST
by
2ndDivisionVet
(You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
To: Lorianne
They want to tax yard sales?
13
posted on
01/18/2017 12:14:10 PM PST
by
donna
('God's standards, like it or not, are the basis for the laws that led to western civilization.)
To: KC_Lion
Even if it takes the form of Bottle Caps. I get that reference...
unfortunately...
14
posted on
01/18/2017 12:14:19 PM PST
by
rjsimmon
(The Tree of Liberty Thirsts)
To: Lorianne
The bankers want to prevent you from removing your money from the bank where they can subject it to haircuts, fees, re-hypothecation and other means of theft. The government wants to track every financial act you perform. They can't do that with cash. It all about control and surveillance.
India runs on cash. Modi screwed them over by withdrawing the two most common bills. It was a trial run before doing it to the USA.
15
posted on
01/18/2017 12:14:42 PM PST
by
Myrddin
To: Lorianne
How would hookers and strippers get paid?
16
posted on
01/18/2017 12:15:07 PM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: KC_Lion
"Cash will always be king. Even if it takes the form of Bottle Caps."
Yeah, but they've got to be Nuka-Cola bottle caps!
17
posted on
01/18/2017 12:17:03 PM PST
by
BlueLancer
("If the present tries to sit in judgment on the past, it will lose the future." Winston Churchill)
To: metmom
I agree. What if it is the government that confiscates your money so it can “redistribute it”, i.e., buy votes? No thank you!
To: Lorianne
19
posted on
01/18/2017 12:17:39 PM PST
by
Noumenon
(Proud Irredeemable Deplorable, heavily armed Infidel. Islam delenda est.)
To: metmom
“if someone hacks your account and digitally wipes it out and all record of it, you have what exactly?”
Perversely, it works to your advantage: no debt.
Digital currency is “debt currency”. Starting from the Federal Reserve and their “(1) + (-1) = 0” bookkeeping techniques, digital currency is a chain of who owes value to whom. If your bank account is 0, then you don’t owe any value to anyone.
This is different from classical currency, where the physical unit of currency is imputed with inherent value.
As is now, we have a mixed economy, so that $1 in your checking account is partly positive value and part debt. Too screwed up to address in a casual post.
At least that’s how I’m viewing it.
20
posted on
01/18/2017 12:19:01 PM PST
by
ctdonath2
("If anyone will not listen to your words, shake the dust from your feet and leave them." - Jesus)
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