Among the long list of items
bundled by consensus reality merchants under the banner of ‘conspiracy
theory’, is a world without cash – where technocrats rule over the
populace, and everything and anything is exchanged via plastic and RFID
chips.
In this sterile and controlled Orwellian
hi-tech society, the idea of cash being passed from hand to hand would
be as archaic as the thought of carrying around a rucksack of tally sticks today.
Still, despite the incredible
penetration of credit and debit card transactions into economic
aggregate, and the boom in internet shopping, few will comfortably admit
that a cashless society is nearly upon us. In part, it’s a natural
denial by many fueled by the idea of our society is indeed on a
collision course with the sort of dystopic impersonal future like that
depicted in the 1970′s sci-fi film classic, ‘Logan’s Run’.
Cashless money is here, and growing rapidly.
Over the years, futurists and
commentators alike seemed to agree that a cashless society will be a
slow creep, and would automatically phase itself in simply by virtue of
the sheer volume of electronic transactions that would gradually make
cash less available and more costly to redeem, or exchange. This is
still true for the most part. What few counted on, however, was how the
final push would like place, and why. Some will be surprised by these
new emerging mechanisms, and the political and sinister implications
they will ultimately lead to.
Introduction of Parallel Currencies
There has been a lot made about the
‘cashless society’ in media, but this cannot fully happen until there is
a cashless currency.
Every revolution needs a good crisis in
order to germinate its seed. The cashless revolution is no different. It
should be abundantly clear by now that the global financial meltdown
has been engineered at every juncture of its unfolding by the very
private central banks who expand and contract the money supply. A dollar
or euro collapse will trigger a global economic crisis, which is a
prime opportunity to introduce the next phase.
In the summer of 2012, at the height of
the European Central Bank (ECB) ritualistic raping of the Greek economy,
financial expert Max Keiser, alongside Mexican billionaire Hugo Salinas Price, traveled to Athens to promote the idea of a silver Drachma
as a parallel currency to the ever-failing euro. In theory and in
practice, this parallel currency was ‘sound money’ for individual Greeks
and would allow them to retain some say in their financial destiny, and
also allow them to accumulate real wealth. It should have caught on.
But this great idea did not go down well with media moguls and
technocratic elites loyal to their overlords in the ECB, Wall Street and
the City of London. Still, too many people are remain unaware of how
money is created, entered into circulation and how their private central
banks control inflation, and Greece is no different.
Watch this clip from Greek television:
The US dollar is pure fiat, but it does
have a theoretical backer. It is an oil-backed currency – and for better
of for worse, is on its way to losing its long-lived status as the
world’s reserve currency. China is moving towards a gold-backed currency
and has already agreed to buy the majority of its oil supply from
Russia off of the US dollar peg. This could mean two things: the US
could be forced to fight a war to maintain dollar supremacy, or the
dollar will begin to drop as the top dog. This shift will open up a
window of opportunity for money masters to insert not only a brand new
global currency, but also its universal cashless attributes as well.
Common sense and free market wisdom
would expect to see a sound money option replace the current fiat
disaster, but as we saw in Greece, a great solution was not taken up and
straddled with the dysfunctional euro, that society will continue to
pay the cost of that reality.
The euro crisis was a great opportunity
to throw out the euro in favour of something that could create wealth,
rather than debt. As the fiat currencies continue to slide downhill,
globalist are preparing their solution behind closed doors.
Enter the Cashless Currency…
Right now we are now on the cusp of that
US Dollar collapse, and perhaps a Euro implosion on the back end of it.
Risks of hyper inflation are very real here, but if you control the
money supply might already have a ready-made solution waiting in the
wings, you will not be worrying about the rift, only waiting for the
chaos to ensue so as to maximise your own booty from the crisis.
Many believed that the global currency would be the SDR unit, aka Special Drawing Rights, implemented in 2001 as a supplementary foreign exchange reserve asset maintained by the International Monetary Fund (IMF).
SDRs were not considered a full-fledged currency, but rather a claim to
currency held by IMF member countries for which they may be exchanged
for dollars, euros, yen or other central bankers’ fiat notes.
With
the SDR confined to the upper tier of the international money
launderette, a new product is still needed to dovetail with designs of a
global cashless society.
Two new parallel currencies are currently being used exclusively within the electronic, or cashless domain – Bitcoin and Ven. Among the many worries Ben Bernanke listed in his speech at the New York Economic Club last week was the emergence of Bitcoin. But
don’t believe for a second that these digital parallel currencies are
not being watched over and even steered by the money masters. Couple
this latest trend with done deals by most of the world’s largest mobile
networks this month to allow people to pay via a mobile ‘wallet’, and
you now have the initial enabler for a new global electronic currency.
These new parallel cashless currencies
could very quickly end up in pole position for supremacy when the old
fiat notes fade away as a result of the next planned economic dollar and
euro crisis.
Both Bitcoin and Ven appear on their surface to be independent parallel digital money systems, but the reality is much different. In April 2011, Ven
announced the first commodity trade priced in Ven for gold production
between Europe and South America. Both of these so-called ‘digital
alternatives’ are being backed and promoted through some of the world’s
biggest and most long-standing corporate dynasties, including Rothschild
owned Reuters as an example, which should be of interest to any
activist who believes that a digitally controlled global currency is a
dangerous road.
The Electronic Deutsche Mark
Much is made of Germany’s prominent
financial position within the EU, with a popular talking point being
that, “Germany is carrying the majority of the load in ‘bailing out’
countries such as Greece in the south”. If the Euro is ‘heading south’
as many a financial commentator are claiming, then how would a country
like Germany – or even the US Federal Reserve for that matter, hedge
their bets with an impending currency collapse looming just over the
horizon?
Economics professor Miles Kimball from the University of Michigan thinks he knows the answer:
“In short, for a smooth transition, a
reintroduced mark needs to be an electronic mark. I recently made the
case for the electronic dollar in a previous Quartz column, “E-Money: How paper currency is holding the US recovery back.”
The trouble with paper money is that the rate of interest people earn
on holding paper money puts a floor on the interest rate they are
willing to accept in doing any other lending. For the US, I proposed
making the electronic dollar the “unit of account” or economic yardstick
for prices and other economic values, and having the Federal Reserve
control the exchange rate between electronic dollars and paper dollars
to make paper dollars gradually fall in value relative to electronic
dollars during periods of time when the Fed wants room to make the
interest rate negative.
In the case of Germany, there would
be no need to reintroduce a paper mark along with the electronic mark,
since the euro itself could continue in its current role as a “medium of
exchange” for making purchases in Germany, alongside the electronic
mark. A “crawling peg” exchange rate could be used to let the electronic
mark gradually go up in value relative to the euro, without causing a
huge rush into the mark, since with no paper mark other than the euro
itself, interest rates in Germany could be close to zero when measured
in euros, which would make them strongly negative in terms of marks.”
A dollar or euro crash could be the
perfect storm for the introduction of a major global digital currencies,
and this will do nothing but fast-track our entry into the new cashless
society.
Contactless Payments
This past year’s Summer Olympic was a
beta testing exercise for a number of new programs. We witnessed troops
deployed en mass for the first time to marshal the international
sporting event and new facial recognition technology tested to
monitor its attendees. One of the chief sponsors of London 2012 Olympic
was VISA, used the event as a springboard to launch its new ‘contactless payment’ technology,
acclimatising the international public to making routine payments via
smartphones. VISA now predicts that this new method will carry 50 per
cent of its transaction volume by the year 2020.
Mastercard has also rolled out its own version called Paypass, and Barclaycard
has already implemented its own mobile phone payment chip in 2011. It
conceivable here, that a bank like Barclays could one day takeover a
major mobile service provider in order to streamline the endless profits
it could accrue from monopolising cashless payment facilities for its
customers. A recent edition of Marketing Week further explains how this is program is being rolled out:
“Barclays launched Pingit this year,
a mobile payment service that allows customers to send and receive
money with a mobile phone number, which has sparked The Payments Council
to work on a similar project. And the three leading mobile operators in
the UK – EE, Vodafone and O2 – are working on a joint project under the
name Weve, one of the aims of which is to develop standardised
technology for ‘digital wallets’ on mobile.
These industry innovations reflect
the changing attitude and behaviour by consumers to cashless payments.
Barry Clark, account director at Future Foundation, which identified the
trend towards a cashless society in its recent report into the changing
face of payments, explains that this move towards digital is a “banking
nirvana” for brands, since replacing cash with electronic payments
takes high costs out of the system.”
These mobile enablers will effectively
cover the small services and contractor’s market for the cashless
society. In addition, digital payment terminals like iZettle and Square (created
by Twitter co-founder Jack Dorsey), have brought in most small traders,
including taxi drivers, plumbers etc, and street side retailers –
meaning that the barrier for entry into the new cashless society has
been effectively dissolved.
The Socialist Oyster
The
darker aspect of a cashless society, is one which few are debating or
discussing, but is actually the most pivotal in terms of scial
engineering and transforming communities and societies. In London, the
electronic touch payment Oyster Card was
introduced in 2003, initially for public transport, and since that time
the card has been co-opted to be used for other functions, as the UK
beta tests the idea of an all-in-one cashless lifestyle solution.
Ironically, it’s the United States,
supposedly the birthplace of modern capitalism, who is beta testing its
own socialist technocracy. As the ranks of the poor and unemployed grow
and dollar inflation rises in America, more and more people are
dependent on traditional ‘Food Stamp’ entitlements in
order to feed their families. The US has now introduced its own
socialist ‘Oyster’ to replace the old Food Stamp program. It’s called
the ‘EBT’, which stands for “Electronic Benefit Transfer“,
as a means of transferring money from the central government to people
living below the poverty line. Advocate Mike Adams for Natural News describes it another way:
“EBT benefits have more than doubled during the Obama administration’s last four years, creating tens of millions of new dependents who now vote based almost entirely on who gives them the most handouts.
The purchase of vitamins is specifically prohibited by the EBT
program. This is done as a way to keep EBT recipients sick and diseased
while suffering from nutritional deficiencies, which is precisely what
the federal government wants.
EBT cards create high-profit handouts to corporations, too:
Pharmaceutical companies and the sick-care industry; Big Government
which gets re-elected based on entitlement handouts; global banks which
earn a percentage off every swipe; and even the processed junk food
industry which preys upon nutritional ignorance of the poor.
In fact, for every dollar’s worth of food handed out to EBT
recipients under the program, at least 50 cents is driven right into the
profit coffers of wealthy corporations.”
Adams has pointed out the endgame here. Where collectivist
technocrats are concerned, a global digital currency is not only a means
for a centrally controlled economy, but also a centrally controlled society. And as Adams also pointed out, they can even control what you eat.
Bottom line: the state can, and will cut-off your electronic
financial lifeline should you fall foul of the system. No negotiations,
no gray areas – and definitely no place for a free individual in this
type of globalist system.
Social Networks Could Supplant Nations
In 2011 Facebook launched its own virtual currency, which was taken
up immediately by the games developer industry. Facebook created it’s
own internal digital market overnight. If customers didn’t like it, they
had two choices – jump ship, or stay in the biggest market place.
That’s a lot of power to wield, and you can wield it if you have the big
numbers.
A severe lack of choice in the world of online communities has
unwittingly(or not) positioned Facebook to play the roles of not only
data collector, but also as banker, retailer, archivist and governor.
As 2012 comes to a close, many people have certainly become, in one way or another, sans border citizens of the Facebook Nation. In
the future, one corporation or cartel’s success in capturing a near
global monopoly of membership to a particular online platform might give
it the ability to dictate a digital economic mandate to both producers
and consumer.
The digital data industry now claims in a recent study by fast.MAP,
that consumer confidence in sharing personal information has risen. But
the reality is that most people do not know which data is being used
and to who it is being shared or sold to. Most users are unknowingly
trading “access” to networks, as well convenient speed of registration –
for data privacy. We do this on a daily basis now.
It’s a question of speculation at this point how deeply the new
digital currencies will be integrated into social networking giants like
Facebook, or Second Life - where users are already buying virtual property with virtual currency, but few can deny that the potential for consolidation in the early 21st century is already there.
History Will Repeat Itself
Whenever the status quo is seen as a
failure, the architects of society will rarely allow the whole show to
come to a grinding halt, for fear that new and non-centrally controlled
organic systems of organisation will emerge. The ruling establishment
will spare no opportunity to tell society this, over and over, making
people truly believe that it is in their best interest to adopt whatever
alternative is handed down to them. This is why, when faced with a
crisis, society will almost always seek to implement a parallel
alternatives, rather than rethink the whole system.
In 2008, the public had an opportunity
to collapse the predatory banking system that has been trading insolvent
and gambling on thin air. But the very same ruling establishment who
engineered the crisis to begin with, masterfully presented their own
solution as the remedy by establishing the precedent of the state
bailing out any gambling losses incurred by the banking community.
In the end society relented, and with
help of pro-banking political leadership on both sides of the Atlantic,
they adopted the pre-packaged belief that a cluster of bloated and
corrupt financial institutions were simply too big to fail. Aside
from being a massive redistribution of wealth upwards into the hands of
the speculative elite classes, this was merely a test by the
establishment to see how far they could go in robbing the public,
pushing up inflation, hoovering up real assets, robbing pension funds
and enslaving taxpayers to generations of debt the bankers created – all in one swoop.
It has long been the dream of
collectivists and technocratic elites to eliminate the semi-unregulated
cash economy and black markets in order to maximise taxation and to
fully control markets. If the cashless society is ushered in, they will
have near complete control over the lives of individual people.
The financial collapse which began in
2007-2008 was merely the opening gambit of the elite criminal class, a
mere warm-up for things to come. With the next collapse we may see a
centrally controlled global digital currency gaining its final foothold.
The cashless society is already
here. The question now is how far will society allow it to penetrate and
completely control each and every aspect of their day to day lives.
by J.D. Heyes
Benjamin Rush, Founding Father .
