Tag: cashless society

The True Costs of a “Cashless Economy”

From Peter Reagan at Birch Gold Group

There is a lot of talk in financial circles about the shift in the U.S. economy toward a “cashless society.”

Naturally, there are both benefits and drawbacks to such a radical change.

Because of the required technological progress, many reports focus on the advantages of an economy that goes cashless. For example, the IMF claims outlawing cash would “increase our economic welfare”:

It is worth mentioning that digitalization, technical improvements, and globalization are positive developments that increase our collective economic welfare.

What replaces old-fashioned currency and coins in a cashless society? Digital currency, of course – which does have some benefits. Here’s a summary from Digipay:

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Cash Not Accepted

Guest Post by Martin Armstrong

There once was a time when cash was the undisputed king. Merchants preferred cash payments over credit, and there were often incentives for paying with paper. I recall receiving lower gas prices when paying with cash, for example. It is increasingly common to see “no cash accepted” signs at establishments as the world moves toward a cashless society. At the Federal level, there are no laws protecting consumers who wish to pay in cash. The Federal Reserve stated on its website:

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The cashless life won’t be worth living

Guest Post by Mark Crispin Miller

While we’re all over-focused on “Ukraine,” our overlords are moving quietly, and swiftly, to take ALL cash away, in favor of a global social credit system. We can’t let them get away with it.

While they have us freaking out about “Ukraine,” our overlords are moving swiftly to rendition all of us into the global cyber-gulag of a social credit system, enabled by a digital currency doled out (or not) by the central banking system.

This report, from December, 2021, “assess[es] market opportunities for infrastructure support of the social credit market”—i.e., how to make a lot of money helping to set up that cyber-prison. Unless you’re reading it for “market opportunities,” you’re likely to be chilled by its dystopian implications.

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Oceania Has Always Been At War With Russia

By Doug “Uncola” Lynn via TheBurningPlatform.com

 

We’ll know our disinformation program is complete when everything the American public believes is false.

– William J. Casey, 1913-1987, Director, CIA (Republican), Statement at his first CIA staff meeting, 1981

 

And ye shall hear of wars and rumours of wars…

– King James Bible, Matthew 24:6

 

In the years prior to the new millennium, most readers of George Orwell’s novel “1984” would have considered the book to be a stark warning to mankind. However, in light of world events over the last 22 years it appears Orwell’s book was, instead, an instruction manual for the world’s financial elite.

The setting of 1984 took place in a futuristic, post-apocalyptic Great Britain which was a part of “Oceania”, a world super-state alternately engaged in never-ending warfare with two other global powers: Eurasia and Eastasia.

The INSOC Party was a totalitarian regime led by a figurehead known only as “Big Brother” and the “Ministry of Truth” promoted war hysteria to unite the citizens of Oceania by continuously broadcasting propaganda that simultaneously subverted autonomous thought and action.

Today, it appears the U.S. Military Industrial Complex of which President Dwight D. Eisenhower warned in his 1961 farewell address, has assumed the role of Orwell’s Oceania; along with the other English-speaking nations that comprise the “Five Eyes” global surveillance network: Great Britain, Australia, New Zealand, and Canada.  In endless propaganda purveyed to rile and unify the masses, this Anglo intelligence apparatus ostensibly wages war against Islamic terror, Russia, China, and Covid-19, alternately, contingent upon which puppet politicians are appointed to rule at any given time.

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As We Suspected All Along

Submitted by Hardscrabble Farmer

Ah, yes, of course. A human can be free and clear of it after a week, but those inanimate tens and twenties…

Via ZeroHedge

Coronavirus Survives On Banknotes For Up To 4 Weeks, Study Finds, As Cash Usage Plunges

We highlighted an intersting development on Saturday that appeared to go largely unnoticed by the general public, despite its potentiall profound implications for the global economy. The BoJ joined the Fed and the ECB in launching a pilot program to explore the use of a digital currency inspired by bitcoin and its many rivals.

Just one day later, Bloomberg revived concerns about paper money contributing to the spread of COVID-19 by publicizing the findings from a new study suggesting that SARS-CoV-2 can persist on banknotes and coins for weeks. The research appears to be credible: it was conducted by Australia’s top biosecurity laboratory, which published  a report highlighting the risks of paper currency, touch screens and handles like doorknobs.

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ARE YOU LOVING YOUR SERVITUDE? (PART TWO)

In Part One of this article I laid out the argument Huxley’s dystopian vision of the future had played out over many decades, but now I observe Orwell’s darker vision in motion since the start of this century.

70 years after 1984: How today compares with Orwell's prophetic ...

All the “solutions” being imposed by those in power don’t solve anything, because they aren’t designed to solve anything. These are nothing but short-term emergency sustaining maneuvers to keep the dying patient alive, while the criminals ransack his house, extracting whatever wealth he has saved. Throwing $1,200 bones and $600 a week bribes to what they consider the Main Street riff raff, while funneling trillions into the pockets of Too Big To Trust Wall Street banks, billionaire oligarchs, connected mega-corporations, and pliable corrupt politicians, is just what the doctor ordered for the ruling class.

Their weak-kneed toadies at the Federal Reserve have dutifully fulfilled their mandate of no banker or hedge fund left behind. While Main Street is beset with potholes, boarded up small business storefronts (if they haven’t been looted and burned), homeless drug addicts, and the unemployed lining up at local food banks, Wall Street is being paved in gold, with its inhabitants eating caviar, drinking champagne, and celebrating their brilliance in owning a central bank, guaranteed to enrich them.

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The Dark Side Of The Cashless Society

Authored by Addison Wiggin via The Daily Reckoning,

Real quick, grab a $100 bill from your wallet.

OK, humor me, any bill will do. What do you see?

I’d tell you what I see, but when I grab my Book Book, which serves as both a phone case and a wallet, there’s no cash in it. There rarely ever is. Please, keep that in mind for today’s foray into inductive reasoning.

I saw this makeshift sign over the weekend:

Seen at the Walgreens three miles from my house.

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Hoarding Cash

Guest Post by Martin Armstrong

The reason there is a shortage of cash developing around the world is rather straight-forward. The trust in the government is collapsing. Italy has just lowered the legal amount someone can pay for anything in cash from €3000 to €2000. Australia made it a criminal act to pay for anything with A$10,000 or more (US$7,000).  In Switzerland, the limit on cash you can withdraw from an ATM is CHF5,000. In Germany, the limitation is typically €1000. Greeks abroad will be able to withdraw up to 5,000 euros ($5,800) a month.

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No Change on the Way to No Cash

Guest Post by Eric Peters

When people are terrified, it is hard for them to think – which probably explains why they seem unable to now. Can it possibly be a coincidence that as the number of “cases” endlessly reported is increasing, the amount of change available at stores is all of a sudden decreasing?

Could the two be  . . . connected somehow?

Is it credible that – all of a sudden and right now – there’s no change in the till, just by chance? When such shortages have never happened before?

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Coincidence Theorists See All Donut and No Holes in the Coronation of The Cult

By Doug “Uncola” Lynn via TheBurningPlatform.com

Over the past several decades Americans have viewed regularly televised dramatic episodes of political theater. The use of the word “episode” is especially appropriate because the dramatic scenes are sequential and continuously broadcasted onto electronic screens. The drama is designed to elicit emotion, foment anger, and unite or divide the nation in order to, ultimately, affect change.

The societal cataclysms we’re experiencing now could be naturally occurring – as the result of certain trends like demographics, technology, modernization, education, centralization, economic inequality, political platforms, or even systemic corruption and civilizational decay. On the other hand, it could be the upheavals are directed in consonance with scripts written by an inner circle of powerful people; and in accordance to the Hegelian Dialectic.  How citizens view the changes realized by the United States over the last few decades, in particular, will depend upon their interpretations of probabilities and outcomes; or, rather, to the extent they believe in coincidence or conspiracy.

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April Fools: In the New Age of Deception, Coronavirus has Hastened the Old Collectivism

By Doug “Uncola” Lynn via TheBurningPlatform.com

 

“…..but the plan insidiously advances.”

– ordo ab chao

 

“They are banned from churches and public spaces. They can’t hold hands to pray. LOL!”

– The Devil

 

At the very end of last year, I wrote a New Year’s piece entitled “America is Over But You Knew That Already”, whereby various “cracks and water in the nation’s foundation” were explored.  In that article, I said:  “winter is finally here” along with these words:

 Exactly how and when America’s foundational stones will shatter in the coming months is anyone’s guess, but do know this:  When Progressive Democrats, and an activist mainstream media, stage a third-world impeachment trial of a U.S. President while reverently citing the words of the nation’s long-dead founders who were, by their own definition, privileged white males and racist slave owners – the end is nigh.

In a later article, six reasons were explored as to why the COVID-19 virus failed “the sniff test” along with the coincidental timing that marked the rise of the virus:

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Coronavirus Killed the Constitution Star

By Doug “Uncola” Lynn via TheBurningPlatform.com

 

Video killed the radio star
Pictures came and broke your heart
Oh ah-ah-ah oh
And now we meet in an abandoned studio
We hear the playback and it seems so long ago
…. Video killed the radio star
Video killed the radio star
In my mind and in my car
We can’t rewind we’ve gone too far…

– The Buggles (1979)

 

War is peace. Freedom is slavery. Ignorance is strength.

– George Orwell

 

Social Distance® is just. Flatten the Curve® is safety. Self-Quarantine® is fair.

– Unonymous

 

Since the advent and spread of COVID-19, we’ve been presented with “new and improved” Orwellian terminology every week. Designations such as “flatten the curve“, “community spread”, “social distancing” and, even, “density mitigation” have become part of our collective vocabulary.  And just as new forms of thought control were introduced by the globalists via Political Correctness, so, too, have terms like “social distancing”, “sheltering in place”, and “self-quarantine” launched virtue signaling to entirely new levels.  It has been stunning to watch.

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Coronavirus Conspiracy to Eliminate Paper Money?

Guest Post by Martin Armstrong

Many people are starting to question why this coronavirus has been shipped up into a major panic when the annual flu kills far more people. Perhaps they have enlisted the conspiracy contingents who turn everything into the end of the world and are so eager to paint doom and gloom as a lethal weapon for mass financial destruction. They may not realize that they are being played for fools spitting out various conspiracies such as biological weapons laced with AIDS that will kill 50% of the population without a single shred of proof.

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The Pluses and Minuses of Perceived Slyness, Stuffed Sinuses, and Coronaviruses

By Doug “Uncola” Lynn via TheBurningPlatform.com

First of all, I am no doctor. Nor have I played one on TV. But, let’s be honest, we’ve all seen movies like Contagion, World War Z, Outbreak, 12 Monkeys, I Am Legend, and 28 Days Later.  They all contain certain similarities. It starts slowly with Patient Zero, either man or animal, and then momentum builds until realization rolls over the globe like a wave. People drop like flies in a fumigated room, as chaos delivers anarchy until only a small remnant survives – usually scientists or sometimes the most attractive members of a U.N. contingency team or, at the very least, average Joes and Janes are left to repopulate the earth.

Occasionally in the stories, the global pandemic occurs in real-time.  But, in other instances, the destruction, decimation and depopulation are set to fast-forward during the opening credits and exclaimed by increasingly horrified news reporters terrified at their particular plague’s acceleration – or –  the tale is sometimes told via flashbacks in the narrative to explain what happened.

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Farewell to Paper Money?

Guest Post by Jeff Thomas

paper money

A decade or more ago, I began to discuss with associates the possibility of governments and banks colluding to eliminate physical cash. Back then, the idea struck most everyone as poppycock, that governments could never get away with it.

I didn’t write on the subject until 2015, when several countries had begun to limit the amount of money a depositor could extract from his bank account. At that point, the prospect that central banks might conceivably eliminate cash was looking less like an alarmist fantasy, and it became possible to write on the nascent issue.

In a nutshell, today, in most of the world’s most prominent countries, the people who control banking are the same people who pull the strings in government. A cashless system therefore seemed to me to be a natural, as it dramatically increased both profit and power for both banking and government – an opportunity that can’t be passed up.

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