Cashed Out

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 organization 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 alternative, 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 the 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, hovering 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 maximize taxation and to fully control markets.

Among the long list of items bundled by consensus reality merchants under the banner of ‘conspiracy theory’, is a world without cash. If the cashless society is ushered in, they will have near complete control over the lives of individual people.

There have been many conspiracy theories about the beast system, a sterile cashless society where technocrats rule over the populace, and everything and anything is exchanged via plastic credit cards –or an RFID chip inserted under the skin…

There are many people that are waiting for the signal that their chip is ready for them and that if it becomes mandatory to have the chip inserted in their bodies it will be the Mark of the Beast and soon we will be hearing of the beast system headed up by the Antichrist.

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 riding along in a horse and buggy.

Still, despite the incredible penetration of credit and debit card transactions into economic consensus, and the boom in internet shopping, few will comfortably admit that a cashless society is nearly upon us.

In fact in some parts of the world it has already begun and people have accepted it willingly without even working up a sweat as to whether or not the devil is in the details.

Last Month, The Danish government proposed exempting certain shops from the obligation to accept cash payments in a move seen as pushing the country a step closer to a «cash-free» economy. Businesses such as clothing retailers, gas stations and restaurants will no longer be required to accept cash next year, the government of Denmark said on May 6th.

The move comes as part of a pre-election package of economic growth measures aimed at reducing costs and increasing productivity for businesses. Many stores in Sweden do not accept cash but only debit or credit cards. Now a buyer with full pockets of cash will leave a Swedish and Danish shop empty handed.

It’s no secret that in many countries cash is losing its role as means of payments. Cash accounts for only 10% of transactions in advanced countries, and 15% of deals in the states of developing world.

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 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 take place, and why. Some will be surprised by these new emerging mechanisms, and the political and sinister implications they ultimately lead to.

The US Dollar is pure fiat or money that derives its value from government regulation or law, but it does have a theoretical backer. It is an oil-backed currency – and for better or 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 backing currency.

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. In order for a full cashless society to happen one must invent a cashless currency.

Common sense and free market wisdom would expect to see a sound money option replace the current fiat disaster, cashless denominations and digits could simplify everything but with any new system it could complicate a lot of things in the process.

However we may have already taken the bait with our use of cashless offers provided by our smart phones and high tech gadgets that provide value and even discounted services without a sing dollar or penny exchanged for value.

It is also evident that cashless society is closer than we realize because of experimental alternative currencies that have been used and also abused giving them a bad reputation. That does not in any way reduce their value it only means that some companies that provide exchanges for these alternative currencies will go through a makeover and soon we could see a currency that needs no coins or paper to exist.

For example many people have heard of Bitcoin. When you ask random people if they know Bitcoin and what they think about it, most of them will only mention the negative news they have been hearing or reading about.

Many economic experts say that Bitcoin will not replace fiat currencies anytime soon. That does not mean that both options cannot co-exist and even benefit one another though. Bitcoin still has a long way to go in order to be even remotely on par with fiat currency, as price volatility needs to be all but eliminated and market liquidity needs to be improved dramatically. Not to mention, regulation is a necessary step in order to further legitimize Bitcoin as a usable currency. Now Bitcoin is not seen as currency but as property of value. The Federal Reserve is most definitely worried about Bitcoin.

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 and have a ready-made solution waiting in the wings, you will not be worried about the rift, only wait for the chaos to ensue so as to maximize your own resources from the crisis. People will cash in their gold investments and from the crisis we very well could be hearing the words “cashless society” or “cashless currency” being proposed in order to simplify the market and take advantage of a number of conveniences that this might give consumers.

Those who want cash to become a thing of the past put forward the following arguments. They say the transfer to cashless payments will do away with many ills of society, for instance: drug trafficking, terrorism, slavery, corruption etc. Indeed, cash payments, or dirty money, allow criminals to hide their identity.

Many countries of the West adopt laws to directly or indirectly squeeze cash out of circulation. They impose limits on cash payments. For instance, the sum one pays at a time in Spain and France cannot exceed 3000 Euros.

The French government says it plans to bring it down to 1000 Euros like in Italy.

All cash payments are government regulated. A citizen of France can spend no more than 3000 Euros in cash during a week.

One cannot take more than 10 thousand Euros from bank account without attracting special attention of law enforcement agencies. A sum exceeding one thousand Euros cannot be converted into a foreign currency. Such transactions are strictly regulated by government.

Banks make their contribution into the process. Some just refuse to take cash. Others establish high commission fees for money transfers. For instance, in April Chase, the largest bank in the U.S. and a subsidiary of JP Morgan Chase and Co., joined the war on cash. The new policy restricts borrowers from using cash to make payments on credit cards, mortgages, equity lines, and auto loans. Chase even goes as far as to prohibit the storage of cash in its safe deposit boxes.

I don’t know if many Americans are aware but now 80% of transactions in the United States are cash free and the market continues to get rid of paper money and coins. Computer transactions at ATM’s transfer money to accounts, internet transactions pull money from accounts and the use of a smart phone or other technological application will keep money from being exchanged. A majority of money transactions are made on the internet.

The Mobile Pay app is now becoming very popular for American consumers and allows you to send and receive money via iPhone, Android and Windows Phone. There are also applications that are offered to Mobile pay customers from food values to clothing values. When used the Mobile Pay app consumer lands great deals and value from using their apps.

No paper money is exchanged in the process.

The road to hell is paved with good intentions, and as we usher in a cashless society we can all see that it is being accepted with open arms. No one is questioning it and there are some people who are hoping that a huge catastrophe would usher in at the dialogue for a full cashless world.

After the attacks of 911, opened the dialogue for a socialist America. It opened the dialogue for tightening of security and a cessation of human rights for safety. Many people did not object to their freedoms being taken away and the constitution being neutralized.

The attacks of 9/11were a well-prepared action staged by money holders to declare a total war against terrorists However now we can see that the war against terror is used to justify Washington’s efforts to destabilize different parts of the world, or, in other words, to implement the policy of managed chaos.

The Technocrats are now seeing a way to destabilize currency; their crusade for full spectrum control includes knowing your transactions and your financial worth.

The campaign for switching to cashless transactions is part of the game and it is almost finalized. It is just one more way of eliminating of remaining freedoms and the establishment of economic totalitarianism.

Text – Check out Ground Zero Radio with Clyde Lewis Live Nightly @ http://www.groundzeromedia.org