Author Topic: Ready For a Cashless society?  (Read 207 times)

Online Solar

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Ready For a Cashless society?
« on: March 01, 2017, 08:36:05 AM »
I'll probably be dead when it happens, but if happened today, I'd leave the country.
What better way to control people, than to hold their wealth hostage...


The libertarian-leaning Cato Institute think tank recently highlighted the work of a group whose stated goal is to eliminate the use of physical currency — including paper currency — throughout the world. The group is called the “Better than Cash Alliance” (BTCA) and is funded by major contributions from companies such as Mastercard who have a vested interest in forcing as much of the world’s population as possible onto digital currency.

As Cato notes:

On its Twitter page, the BTCA describes itself as a “UN-based Alliance promoting the shift from cash to digital payments to reduce poverty and drive inclusive growth.” Promoting a shift sounds innocuous, but the Alliance’s literature is permeated by the idea that the goal of promoting the growth of digital payments justifies the means of forcibly restricting the use of cash. Created in 2012, the BTCA is currently funded by a mixed group of seven “resource partner” institutions. Some partners have reported giving $1.5 million per year.
The group was considered to be a major player in the Indian government’s stunning November 2016 decision to cancel its currency in favor of re-issued, primarily digital, currency, a move which had a shocking effect on the Indian economy.

Regardless of what you think about the seriousness of the threat posed by the BTCA to the idea of physical currency, make no mistake: powerful, well-funded forces are determined to push for a world that functions entirely on digital currency.

Already in the United States, possession of any substantial amount of cash is considered de facto evidence of criminal wrongdoing. Consider that federal law requires banks to immediately report any customer who withdraws more than $10,000 in cash from their own banking account to the federal government, so that law enforcement agents can promptly question the offending customer about their intentions and the disposition of the withdrawn cash. Note that moving an equivalent amount of digital currency from place to place carries with it no such reporting requirement, presumably because it is already easier for the government to track digital currency.

http://www.theblaze.com/news/2017/02/28/regulation-madness-meet-the-forces-that-want-to-make-ownership-of-cash-illegal/


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Online supsalemgr

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Re: Ready For a Cashless society?
« Reply #1 on: March 01, 2017, 09:28:36 AM »
I'll probably be dead when it happens, but if happened today, I'd leave the country.
What better way to control people, than to hold their wealth hostage...


The libertarian-leaning Cato Institute think tank recently highlighted the work of a group whose stated goal is to eliminate the use of physical currency — including paper currency — throughout the world. The group is called the “Better than Cash Alliance” (BTCA) and is funded by major contributions from companies such as Mastercard who have a vested interest in forcing as much of the world’s population as possible onto digital currency.

As Cato notes:

On its Twitter page, the BTCA describes itself as a “UN-based Alliance promoting the shift from cash to digital payments to reduce poverty and drive inclusive growth.” Promoting a shift sounds innocuous, but the Alliance’s literature is permeated by the idea that the goal of promoting the growth of digital payments justifies the means of forcibly restricting the use of cash. Created in 2012, the BTCA is currently funded by a mixed group of seven “resource partner” institutions. Some partners have reported giving $1.5 million per year.
The group was considered to be a major player in the Indian government’s stunning November 2016 decision to cancel its currency in favor of re-issued, primarily digital, currency, a move which had a shocking effect on the Indian economy.

Regardless of what you think about the seriousness of the threat posed by the BTCA to the idea of physical currency, make no mistake: powerful, well-funded forces are determined to push for a world that functions entirely on digital currency.

Already in the United States, possession of any substantial amount of cash is considered de facto evidence of criminal wrongdoing. Consider that federal law requires banks to immediately report any customer who withdraws more than $10,000 in cash from their own banking account to the federal government, so that law enforcement agents can promptly question the offending customer about their intentions and the disposition of the withdrawn cash. Note that moving an equivalent amount of digital currency from place to place carries with it no such reporting requirement, presumably because it is already easier for the government to track digital currency.

http://www.theblaze.com/news/2017/02/28/regulation-madness-meet-the-forces-that-want-to-make-ownership-of-cash-illegal/

UN-based Alliance promoting the shift from cash to digital payments to reduce poverty and drive inclusive growth.”

That one short sentence says it all. If you don't understand what it means you do not need to be on this forum.
"If you can't run with the big dawgs, stay on the porch!"

Online Solar

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Re: Ready For a Cashless society?
« Reply #2 on: March 01, 2017, 09:35:10 AM »
UN-based Alliance promoting the shift from cash to digital payments to reduce poverty and drive inclusive growth.”

That one short sentence says it all. If you don't understand what it means you do not need to be on this forum.
:biggrin:
That really does say it all, doesn't it?
Bureaucrat: Traveling the world today I see, so where are you heading sir? Traveler: That's none of your damn business!
Yes, it is, and you won't be able to afford a pot to piss in if you don't tell me.

It's all about control over every aspect of your life, Hell, you wouldn't even be able to eat without their approval.
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Online supsalemgr

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Re: Ready For a Cashless society?
« Reply #3 on: March 01, 2017, 10:50:45 AM »
Wouldn't it be fun to ask a UN bureaucrat to define "drive inclusive growth"?
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Online Solar

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Re: Ready For a Cashless society?
« Reply #4 on: March 01, 2017, 12:00:01 PM »
Wouldn't it be fun to ask a UN bureaucrat to define "drive inclusive growth"?
That would be rich, though I'd rather hear what they plan to exclude in this "drive for growth".
Talk about a loaded statement, where the UN is the sole arbiter of what constitutes 'Growth" in the world....
What a very scary thought...
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Online supsalemgr

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Re: Ready For a Cashless society?
« Reply #5 on: March 01, 2017, 12:12:21 PM »
That would be rich, though I'd rather hear what they plan to exclude in this "drive for growth".
Talk about a loaded statement, where the UN is the sole arbiter of what constitutes 'Growth" in the world....
What a very scary thought...

I stand behind my original thought that anyone on this board who does not understand the sentence in the original post should not be here.  :lol:
"If you can't run with the big dawgs, stay on the porch!"

Online Solar

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Re: Ready For a Cashless society?
« Reply #6 on: March 01, 2017, 12:14:44 PM »
I stand behind my original thought that anyone on this board who does not understand the sentence in the original post should not be here.  :lol:
I can think of a few. :laugh:
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Online walkstall

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Re: Ready For a Cashless society?
« Reply #7 on: March 01, 2017, 12:33:15 PM »
I stand behind my original thought that anyone on this board who does not understand the sentence in the original post should not be here.  :lol:

That would take the fun out of a teachable moment.   :lol:  :popcorn:
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

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