Swipe a piece of plastic, get a coffee. Is this financially prudent for the long term?
So now all transactions will be electronic and unaccountable when holding cash is made illegal.
All transactions go from plastic to computer screen.
All that is left is the “Disaster Capitalism” collapse event to reset the dollar prices and institute a world wide electronic medium of buying and selling.
The first gold coins were minted by Caesar. Now some 2200 years later we mark the end of physical “currency” where everyone is made to swipe their plastic in exchange for value or goods recorded on electronic devices controlled by the largest and most powerful corporations ever known, where banksters get bailed out by us to the tune of trillions of dollars with a oversite private, for-profit company known as the Federal Reserve, controlling our money supply since 1913, who made $77 Billion in profits in 2013, who answers to no one but the Rothschild created BIIS in Basel, Switzerland.
Now the REAL ID can be instituted.
Now Mandatory Vaccines can be effectively required of all.
Now Biometeric ID and DNA swabs will be able to own every soul on this Earth.
Now everyone will be forced into electronic debt slavery.
Did you ever ask yourself why you must submit an application when YOU are giving your money to a bank?
A: Because you have willingly submitted to joining a corporation, who in return for taking your money, gives you a promissory note in return as evidenced by your name in ALL CAPS on your bank statement.
Factoid: There is only $856 Billion in actual dollars and cents in circulation. The Current U.S. Debt is over $20 TRILLION dollars and Obligated debt tens of times higher. The true equity of cash is over 20X it’s current valuation.
February 1st, 2016
Bring On the Cashless Future
Cash had a pretty good run for 4,000 years or so. These days, though, notes and coins increasingly seem declasse: They’re dirty and dangerous, unwieldy and expensive, antiquated and so very analog.
Sensing this dissatisfaction, entrepreneurs have introduced hundreds of digital currencies in the past few years, of which bitcoin is only the most famous. Now governments want in: The People’s Bank of China says it intends to issue a digital currency of its own. Central banks in Ecuador, the Philippines, the U.K. and Canada are mulling similar ideas. At least one company has sprung up to help them along.
Much depends on the details, of course. But this is a welcome trend. In theory, digital legal tender could combine the inventiveness of private virtual currencies with the stability of a government mint.
February 12th, 2016
Austrians should have the constitutional right to use cash to protect their privacy, Deputy Economy Minister Harald Mahrer said, as the European Union considers curbing the use of banknotes and coins.
“We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,” Mahrer said on Austrian public radio station Oe1. “We will fight everywhere against rules” including caps on cash purchases, he said.
China’s central bank plans to issue its own digital currency “as soon as possible,” according to Xinhua. The People’s Bank of China made the announcement at a conference on digital currency in Beijing.
Citing the “dangers and disadvantages” of cash, DNB Bank has called for it to be completely phased out. Norway’s largest bank, DNB, has said that cash has fallen out of favour with everyday Norwegians and is instead primarily used on the black market and in laundering schemes.
World Mafia Don’t Like Competition
It won’t be much of a surprise to those living outside the Washington D.C. beltway and the Unicorn Herd of start-ups selling for millions of dollars that the underground cash-only economy is one of the few bright spots in the U.S. economy. Correspondent B.U. recently submitted this report from rural America in response to my entry What Happens to our Economy as Millions of People Lose the Habits of Hard Work?, which mentioned those in the cash-only sector as not showing up in official employment statistics:
The central banks are … planning drastic restrictions on cash itself. They see moving to electronic money will first eliminate the underground economy, but secondly, they believe it will even prevent a banking crisis. This idea of eliminating cash was first floated as the normal trial balloon to see how the people take it. It was first launched by Kenneth Rogoff of Harvard University and Willem Buiter, the chief economist at Citigroup.
France is of course the most socialist country in Europe and it always attacks anyone with money. Its latest war on money is broadening to create a virtual lock-down on all assets of anyone. France is strengthening the control of cash payments drastically. Also the gold sales an movement of any tangible goods is to be reported. The French Finance Minister Michel Sapin has announced a drastic tightening of the use of cash in France. As the newspaper Le Parisien reported that citizens should be strictly monitored from September 2015 if they make payments in cash
And Then There is The Cure for Cancer Cash Crop That Must Be Reigned In or Too Many Might Heal Themselves.