Towards a Cashless Society!

 Towards a Cashless Society!

Did you fall for it!

 “I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.” Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

Cash-less

We have been moving towards a cashless society since the advent of credit because credit encourages one to live beyond one’s means. We spend what we do not have now, and pay later, at interest, which puts more money than one has spent in the hands of the lender. Combine a credit card, ATM card, a bank card with digital information that can place where you are, and tell the company what you are doing with your money, then it is as good as being tracked.

The Swedes provide a good example, with their high use of Internet banking, cell phones, groceries, and anythign else they want to buy has resulted in the use of cash representing only 3% of all financial transactions.

“Banks lend by creating credit. They create the means of payment out of nothing. ” Ralph M Hawtry, former Secretary to the Treasury.

With it now illegal to have more than US$3000 dollars on one’s person in the U.S, this helps to ensure that your money is in their hands! Pressing the emotive button of money laundering, and black money payment, Italy is aiming to make sure that your money stays in their hands by 2013, where they can get their hands on it to their benefit and not yours. The profits rasied through unregulated interest rates flow, from your bank, which gets a cut above its ‘services’ to the local Central Bank, to the IMF, and whatever globalist structure that feathers the nest of the global 1%.  It helps to sustain and maintain a corrupt banking system, that moves billions in bailouts to governments and corporations while the uneployment queues and queues for the soup kitchen gets longer and longer.

“… our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.” The Earl of Caithness, in a speech to the House of Lords, 1997.

It is already happening amongst one community: the U.S. army and the navy.

“We are already using “Chips”, however, these chips are “Smart Cards” with chips on them. It is called the “Eagle Cash Card”. As with most technology that the government employs, they are trying it on the Department of Defense in areas not in plain site of regular civilians.

“The “powers that be” are very keen on using something called “Successive Approximation”. Basically, in layman terms “Baby Steps”. I don’t think they are going to the implants immediately (It’s still to Sci-Fi like for most people and too creepy for others). I truly believe they are going to use “Smart Cards” first.

“They already are using them. I know this because I have one and the Federal Reserve Bank of Boston manages it. We basically use it as anyone would use a standard Credit Card, however, the funds come directly from our bank accounts. We can load funds on it and immediately use it at every vendor. We can also transfer funds among each other (From Soldier to Soldier).

We just need to go to Eagle Cash machine to make the transfer and/or check the balance. Every time we make a purchase even if it’s a 50-cent pack of gum, we run the card. In fact, I haven’t seen a U.S. dollar or any other currency other than the host nations in more than a year.

I have been using it for more than three years now at an undisclosed location in the Middle East. A quick search on the Internet and you will find what I am saying is true or you can ask a returning Soldier, Airman, Sailor or Marine and now “a Contractor”. Keep up the good work.”

“The bank hath benefit of interest on all moneys which it creates out of nothing.” William Paterson, founder of the Bank of England in 1694, then a privately owned bank

This is globalization, no borders, no sovereignty and the consequence of which is and probably has been:

“E-money may be easily sent in and out of a country undetected, facilitating money laundering on a grand scale and weakening a national government’s ability to monitor transactions and tax. A number of the electronic money schemes either under development or currently being trialed operate in an environment “where identities are concealed, national borders do not exist and transactions are instantaneous and potentially untraceable.” – Glenn Wahlert

Wahlert is actually for a cashless society as it is evolving,  not how it all used to be, i.e. bartering, which is what is happening now, a skill for a skill/produce in some parts of the world.

Accept by those who are monitoring, the question is are those who are monitoring accountable! There are still some alive to tell the tale, in the early days of the global economic crisis back in 2008 who woke up to find their years of savings wiped out. Then more recently when it comes to sovereignty there is Iceland. By involving the people through a public referendum, the country’s taxpayers were saved from bailing out private investors to the tune of £2.35 billion to the UK, and €1.32 billion to the Netherlands by 2046 at a 3% interest rate, which means the investors and private bankers which continued trading after Icleand said stop would be paying investors interest thus swelling their profit margin.

However Wahlert does raise some important questions:

  • Who should be allowed to issue E-cash, and who will regulate the issuers?
  • How will taxes be applied in cyberspace,  which transcends physical boundaries?
  • How will regulators police moneylaundering  and counterfeiting on private networks?

As most consumers are only concerned with cost, convenience, and confidence, they will discover that they are paying for that convenience, with their privacy, security, and their accounts.

Many systems are in place now, probably as experiments towards the greater goal, like withdrawing cash using one’s cell-phone in the U.K., and using palms instead of ATM cards in Japan, which has juts introduced a new biometric system. However the catch their is that one has to register certain ‘biological’ information, date of birth, and then one will be given a 4-digit ID number – talk about an ID card!

Besides Brunei, and an unknown Middle Eastern country Countries with Cyberpayment Systems

Europe

Africa

The Americas

Asia

AustraliaEngland

Belgium

Bulgaria

Denmark

Finland

France

Germany

Netherlands

Portugal

Russia

Scotland

Spain

South AfricaZambia ArgentinaBrazil

Canada

Colombia

Mexico

North and South America

United States

ChinaHong Kong

India

Indonesia

Japan

Macao

Phillippines

Singapore

Sri Lanka

Taiwan

 

 

Given the way that governments and bankers have been handling the global economy, do you think that they have the ability, and the integrity to manage a cashless society? Already there are problems….

Sources:

“Ogaki Kyoritsu Bank To Introduce Japan’s First Biometric ATM.” http://www.blacklistednews.com/Ogaki_Kyoritsu_Bank_To_Introduce_Japan%27s_First_Biometric_ATM/18915/0/38/38/Y/M.html

SGT Report. “The Banksters Ultimate Dream: A Cashless Society, Starting With the Military” http://theintelhub.com/2012/04/15/the-banksters-ultimate-dream-a-cashless-society-starting-with-the-military/

Wahlert, G. “Implications for Law Enforcement of the Move to a Cashless Society” http://aic.gov.au/documents/0/D/8/%7B0D8A8AF2-055C-40C1-BDC9-08E94F37BD55%7Drpp02-03.pdf

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