Re. The war on cash

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The money masters are steadily eliminating cash so they can track every transaction. If we displease them, they will delete our account, and put us on their “no transactions” list. As with the “no fly” list, we will not know why we are on the list, and we will not be able to get off the list.

Without cash, we can’t resist, we can’t hide, and we can’t escape. We will be utterly at the mercy of criminal bankers and politicians.

Their excuse is that cash must be outlawed to “fight terrorism.”

(And when all coins and currency bills are outlawed, people will still think that money is physical and limited.)

To prepare children for this, the Monopoly board game has already gone cashless. Players must now use debit cards, so that kids learn to swipe a card with no thought about the interest rate.

Meanwhile the game’s “own it all” slogan teaches kids about the wonders of capitalism.

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One of the biggest champions of outlawing cash is Kenneth Rogoff of Harvard University. Perhaps you recall that in April 2013 Rogoff was disgraced when his paper “Growth in a Time of Debt” was exposed as being full of fraudulent data. Rogoff’s paper purported to explain why the peasants need more austerity. (Always more.)

Also pushing for cash to be outlawed is Willem Buiter, the chief economist at Citigroup.

It’s inevitable, and it’s accelerating.

Below, the President addresses the nation from the White House…

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“As we all know, cash provides no consumer protection. If your bills are stolen or lost, they are gone forever. Cash is anonymous and untraceable. It is a weapon of mass destruction against law enforcement. It is a mechanism for terrorists, prostitutes, and money launderers. It creates super-criminals who conduct their crimes without leaving a trace. Only criminals want cash. No honest, law-abiding citizen wants or needs cash. Besides, cash often carries germs. Therefore by executive order, I am giving everyone twenty four hours to surrender his or her cash and coins to the nearest bank…”

Never mind having a medium of exchange in the non-digital world that works when the power grid is down, or works when you drop your smart phone in water, or when  hackers steal your identity, or when Visa or Bank of America freezes your debit card because a purchase was deemed suspicious. This is about having power over you.

Privacy? Gone. Every financial transaction will be monitored (and perhaps taxed).  Every transaction will pay a fee to some bank. You will pay this fee, since it will be added to the cost of what you buy. You will be increasingly vulnerable to sophisticated Internet crimes. Electronic fraud cases will increase. Debt will increase, because it’s easier to swipe a card than to hand over a hundred-dollar bill.

In Sweden, hundreds of bank branches and no longer accept or dispense cash. Many stores no longer accept cash. Thousands of ATM machines have been removed. Sweden and Denmark have a stated goal of “eradicating cash” by 2030. Australia wants to be there by 2022.

The phenomenon is global. Cash transactions of more than 500 euros have been banned in Greece. Cash transactions of more than 1,000 euros have been banned in Italy. Cash transactions of more than 2,500 euros have been banned in Spain. Cash transactions of more than 3,000 euros have been banned in France, and in September this will drop to 1,000 euros. Cash transactions of more than 5,000 euros will soon be banned in Germany. The Uruguayan government has banned cash transactions over $5,000. Norway’s largest bank (DNB) is calling for a total end to cash. Israel is taking steps to go cashless. So is India.

Step by step, cash is being eradicated worldwide. Meanwhile the greed of the rich and their puppet politicians is worse than ever.

Already the use of cash is considered to be a “suspicious activity” all by itself.  If you pay a hotel bill with cash, or if you pay for several hundred dollars’ worth of goods at a store with cash, you get looked at funny. If you regularly deposit large amounts of cash in your bank, you will be the subject of a “suspicious activity report.”  In 2013, approximately 1.6 million suspicious activity reports were submitted to the federal government. Indeed, banks have minimum quotas for suspicious activity reports.  If banks do not submit enough suspicious activity reports, the banks can be fined (or worse).

According to the Wall Street Journal, banks are being encouraged to directly contact law enforcement if they see something that does not look right. Imagine going to a bank, and informing a teller that you’d like to withdraw $5,000 from your account. She hesitates nervously. She wants to know why. You try to politely tell her it’s none of the bank’s business. It’s your money. The teller disappears for a few minutes, leaving you waiting.  When she returns, she tells you that you can collect your money in a few days, as they don’t have it on hand at the moment. As you arrive home, you find two police officers waiting for you. They want to talk about your intended withdrawal earlier. If they don’t like your answers, they can arrest you.

With each passing year the restrictions on the use of cash will get tighter and tighter worldwide.

If your bank does a “bail in” (i.e. steals depositors’ money), or starts charging you negative interest, you will be helpless. If you visit a foreign country that some bureaucrat doesn’t like, your account can be frozen.

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The war on cash is being waged in every country by the banksters (and card companies) that will benefit from a cashless world. JP Morgan Chase bans the storage of “any cash or coins” in safe deposit boxes.

It’s all about power and control. Governments and corporations want to know everything. Data is power. Every transaction you make, however small, will be tracked. If you buy a sex toy online, or if you pay for online porn, and you run for political office (even for town council) it will be used to ridicule you. If you visit a prostitute, the government will know. Whatever you do the government will know.

And I repeat, when cash is eradicated worldwide, people will still think that money is physical and limited.

ryan

 

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One Response to Re. The war on cash

  1. coolslim says:

    Wow! I never thought of things this way. Makes my debit card seem a lot less innocent haha

    Like

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