Globalization Banning Cash: Mandatory Digital Currencies In Cashless Society

Posted on January 6, 2017 by RonMamita — 6 Comments

…Sure crypto-currencies sounds wonderful now as Bitcoin soars, but the policy makers and social engineers are way ahead with plans for the cashless society.

– FINTECH –
The use of smart-cards, debit/credit cards, smartphones, and other computer transactions is a growing trend that makes it almost unnecessary to have cash.
Currently, we are witnessing a case-study in demonetization by India’s Prime Minister Narendra Modi with the Rupee 500 and 1000 notes removed from circulation.
That was an amazing 86% of the currency in circulation – ceased to be legal tender!
I can imagine the harm to Indians who are traveling or living abroad that could not get to a bank that handles rupees, their savings would be worthless.
Australia, the EU, and the U.S. have publicly campaigned for similar measures, along with digital money.

After banks mandate public acceptance of their digital currencies, what can you expect?
Imagine a 100% tax compliance made possible with digital currency as government’s wet dream.

In April 2015, Bitcoin Magazine reported that UBS was planning to investigate blockchain technology in a new innovation lab based in London.
The innovation lab is located in Level39, Europe’s largest technology accelerator space for finance and cyber-securities, and focuses on exploring the role of blockchain technology in financial services.
Get ready for the financial industry’s new technology, central banks’ blockchain finance:

Make No Mistake, “Settlement Coin” is ALL About BANKS

Why would anyone want to use a coin issued by four large banks bailed out in 2008?
That’s a question that many are asking after UBS, Deutsche Bank, Santander, BNY Mellon and ICAP announced that they had teamed up with blockchain developer Clearmatics to create a new digital currency.
In a joint press release, the new consortium said that the “Utility Settlement Coin” would be used to clear and settle financial market trades on a blockchain.
[…] The consortium aims to speed up central bank settlement processes and reduce the need for banks to maintain expensive collateral to meet short-term liquidity needs in real-world currencies, so that banks can increase the frequency of trading and make better use of capital.
Instead of waiting to receive real-world currency via a central bank real-time gross settlement (RTGS) systems, banks could simply issue Utilities Settlement Coins to meet their obligations and carry on trading.

Of course, as Hyman Minsky said: “Anyone can create a currency, the problem is getting others to accept it.”
[…]
Reserves and collateral are low-yielding assets that clog up bank balance sheets. Banks would really like to find a means of settling without having to pledge collateral at central banks. In fact, ideally they would like not to have to use central bank money at all.

So, although the Utilities Settlement Coins would be backstopped by central banks, once the majority of banks agreed to accept the Utilities Settlement Coins (aka joined the consortium), the banks could simply dispense with (U.S. dollars) central bank money.

As Matt Irvine at Bloomberg points out:

“But for many purposes – for example, just doing more transactions with other banks – the pseudo-dollars are just as good as dollars. If every bank signs on for this, then they can go out and buy more securities with their pseudo-dollars, and rarely need to bother with the Fed.” –coindesk.com

∇

When governments are the puppets of the banks, getting citizens to accept the new currency is as simple as enforcing law.
India is learning that the hard way!
It is not an accident, it is policy. ~Ron
.
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Another Devious Plan By Bankers

Banksters: Another Round of Social Engineering…

The Control Plan: Governments’ Cashless Society

Ecuador’s Centralized National Digital Currency

Cashless Society Is Planned, Get Ready For Capital Control

Ssshh, I Hear Whispers About Bank Run Concerns…

The Shariah Gold Standard Cometh: Exchange-Traded Funds (ETFs)

______________________________________________

About RonMamita

Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

Tagged with: bank, bank account, bank run, banking, banking crisis, BITCOIN, blockchain, BNY Mellon, cash, cashless society, Clearmatics, crisis, crypto currencies, currency, DCN, de-dollarization, debit card, debt, Decentralised Clearing Network, demonetization, Deutsche Bank, Deutsche Bundesbank, digital, digital currency, digital economy, dollar, economic, economy, federal reserve, financial service, Financial Technology, FINTECH, gold, ICAP, legal tender, monetary, money, savings, scripted, Settlement Coin, smart card, smart phone, smartphone, social engineering, swiss, system, tax, taxation, technology, transaction, UBS, USC, Utility Settlement Coin
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6 comments on “Globalization Banning Cash: Mandatory Digital Currencies In Cashless Society”

Doreen Agostino says:

January 6, 2017 at 4:27 pm

http://www.globalresearch.ca/indias-demonetization-shock-therapy-state-sponsored-financial-repression/5559182

Project Blue Beam’s fourth step: Phase Out Cash & Independence
http://educate-yourself.org/cn/projectbluebeam25jul05.shtml

Please help change trajectory for ourselves and Earth https://ourgreaterdestiny.wordpress.com/2017/01/06/rare-astrology-all-planets-are-moving-direct-jan-7th-through-feb-6th-2017/

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RonMamita says:

January 10, 2017 at 5:04 am

Cashless Agenda: Who’s Behind it in India?

MAKIA FREEMAN

http://www.europereloaded.com/cashless-agenda-whos-behind-india/

January 9, 2017 Pam Barker

The cashless agenda has taken a giant leap forward worldwide in the last 2 months, mainly due to Indian Prime Minister Narendra Modi. Modi took the bold, detested and despised step of banning the 2 highest denomination notes in India (the 500 and 1000 rupee notes, worth around US$7.50 and $15 respectively).

This wiped out around 80% of the value of circulating cash widely used by many segments of society for trade. His reason was to cut down on the black money circulating in India upon which tax is not paid. However, from the broader perspective of the worldwide New World Order (NWO) conspiracy, converting the entire world economy to solely digital transactions is not just about extracting more tax revenue from the ruled populations; it’s about knowledge and power. It’s about surveillance on an extraordinary scale. The cashless agenda about acquiring the capacity to monitor literally every single financial transaction that takes place on the planet. Unsurprisingly, the new cash ban hurt many poor Indians who either don’t have a bank account or who rarely use one. Also unsurprisingly, the idea for the ban did not originate from Modi. The truth is that India is being used as the latest guinea pig to push forth the NWO cashless agenda, and a particular US Non-Governmental Organization (NGO) was instrumental in the rollout.

American NGO USAID Behind India Cash Ban

In an earlier article NGOs: Choice Tool of Subversion for the New World Order, I described how NGOs have become tools of infiltration and subversion to conduct soft coups or soft overthrows of democratically elected foreign governments. NGOs are the perfect way to destroy an enemy nation from within. By gaining inside access to that nation, an NGO can disseminate all sorts of lies and propaganda to weaken people’s faith in their leaders or their political system. NGOs can also fund “people’s” revolutions (i.e. color revolutions) to make it look like a foreign-orchestrated overthrow is a domestic grassroots uprising – just ask George Soros about that one. For this reason, some nations such as Russia, China and Israel have restricted or banned foreign NGOs from operating on their shores.

In the case of India, there are clear signs that the cash ban was planned in advance by the nefarious United States NGO USAID (instrumental in the bloody Ukraine Maidan coup of 2014). I give a hat tip to Norbert Häring, author of the recent article A well-kept open secret: Washington is behind India’s brutal experiment of abolishing most cash, who outlines how USAID was actively conspiring with the Indian Ministry of Finance to push forward the cashless agenda. He writes:

“USAID had announced the establishment of „Catalyst: Inclusive Cashless Payment Partnership“, with the goal of effecting a quantum leap in cashless payment in India. The press statement of October 14 says that Catalyst “marks the next phase of partnership between USAID and Ministry of Finance to facilitate universal financial inclusion”. The statement does not show up in the list of press statements on the website of USAID (anymore?). Not even filtering statements with the word “India” would bring it up. To find it, you seem to have to know it exists, or stumble upon it in a web search. Indeed, this and other statements, which seemed rather boring before, have become a lot more interesting and revealing after November 8.”

So on top of actively pushing India into the cashless agenda, looks like USAID is also covering their tracks and trying to hide it.

2017 is the year when the world will hurtle headlong into a mandatorily digital money world – unless we put an end to the cashless agenda.

Catalyst is the Catalyst …

So basically the New World Order, via the US Government and USAID, had decided that India would be the next country in which it would roll out the cashless agenda, so it set up this new organization Catalyst to disguise the non-Indian interests behind the scheme. Häring points out the big NWO players behind Catalyst:

“Who are the institutions behind this decisive attack on cash? Upon the presentation of the Beyond-Cash-report, USAID declared: “Over 35 key Indian, American and international organizations have partnered with the Ministry of Finance and USAID on this initiative.” On the website catalyst.org one can see that they are mostly IT- and payment service providers who want to make money from digital payments or from the associated data generation on users. Many are veterans of what a high-ranking official of Deutsche Bundesbank called the “war of interested financial institutions on cash” … They include the Better Than Cash Alliance, the Gates Foundation (Microsoft), Omidyar Network (eBay), the Dell Foundation Mastercard, Visa, Metlife Foundation.”

Häring also points at some other key people and groups behind the war on cash in India:

“Raghuram Rajan at the helm of Reserve Bank of India from September 2013 to September 2016 … had been, and is now again, economics professor at the University of Chicago. From 2003 to 2006 he had been Chief Economist of the International Monetary Fund (IMF) in Washington. (This is a cv-item he shares with another important warrior against cash, Ken Rogoff.) He is a member of the Group of Thirty, a rather shady organization, where high ranking representatives of the world major commercial financial institutions share their thoughts and plans with the presidents of the most important central banks, behind closed doors and with no minutes taken. It becomes increasingly clear that the Group of Thirty is one of the major coordination centers of the worldwide war on cash. Its membership includes other key warriers like Rogoff, Larry Summers and others.”

Astute readers will see a familiar theme here cropping up once again. In my recent article International Fact-Checking Network: New Worldwide Ministry of Truth?, I discussed how Bill Gates (the Gates Foundation) crops up seemingly everywhere in NWO agendas such as censorship, vaccines, GMOs, Common Core education, transhumanism, eugenics, depopulation and now in the cashless agenda too. Pierre Omidyar (Omidyar Network) also got a mention in the same article as being one of the funders of the new organization IFCN poised to become a sort of Ministry of Truth. The IMF is a Rothschild tool and a harbinger of NWO One World Bank. Larry Summers was one of the guys under Obama who oversaw the “bailout”, “stimulus” or daylight robbery of the American people that took place in 2009 – but he was apparently much more worried about what Goldman Sachs would think. The Group of Thirty is a think tank of international bankers funded by – guess who – the Rockefeller Foundation.

Everywhere you look in the worldwide conspiracy, it’s the same players, the same themes and the same one agenda (through its many facets) for total domination.

Cash: the new endangered species. Because if you want to use cash, you must be a criminal, right?

Venezuela, Sweden, Australia, Greece – Everyone Joining In On the Cashless Agenda

It’s not just India. The cashless agenda is being pushed worldwide. Recently President Maduro of Venezuela announced he was going to ban the 100 bolivar note, the nation’s largest currency denomination. The pretext is essentially the same each time: to supposedly stop crime and make it harder for criminals who deal only in cash. Maduro said:

“There has been a scam and smuggling of the one hundred bills on the border with Colombia, we have tried the diplomatic way to deal with this problem with Colombia’s government; there are huge mafias.”

However as Jeff Berwick (Dollar Vigilante) points out, this is a false argument. There is no true correlation between high crime rates and high demonization bills in circulation:

“The trouble here is that removing bills doesn’t fight crime. At least one recent study shows countries with the largest currency denominations actually have the lowest crime rates. Take for instance a country like Japan which is praised for its low crime rates and has a 10,000 yen note worth around $85 as of today.

Switzerland is a prime example of the opposite end of the spectrum because not only does it have a 1,000 Swiss franc note worth roughly $1,000 USD and one of the lowest crime rates in the world, but unlike Venezuela where guns are outlawed and violence is rampant, 1 in 2 Swiss people are gun owners.”

Meanwhile Sweden has completely jumped on board the cashless agenda. The Nordic nation is on the fast track to become the first totally cashless society, as the Guardian reports:

“According to central bank the Riksbank, cash transactions made up barely 2% of the value of all payments made in Sweden last year – a figure some see dropping to 0.5% by 2020. In shops, cash is now used for barely 20% of transactions, half the number five years ago, and way below the global average of 75%.
And astonishingly, about 900 of Sweden’s 1,600 bank branches no longer keep cash on hand or take cash deposits – and many, especially in rural areas, no longer have ATMs. Circulation of Swedish krona has fallen from around 106bn in 2009 to 80bn last year.”

Australia has also joined the cashless bandwagon with some recent and shameless propaganda. Check this video of a supposedly cool, unshaven guy throwing stats at you and trying to convince you that you don’t need the $100 note any more. X22 Report has also just reported that Greece is initiating a soft cash ban. They are mandating that you spend 10% of your expenditures in digital currency! So the government is telling you in what format you must spend your money – and Greeks are getting penalized for not spending in this manner. Wow. The tyranny is just so blatant.

2017 is the Year when the War on Cash Will Accelerate

You don’t need to be an oracle to see that the war on cash is intensifying and accelerating rapidly across the world. It is a key part of the New World Order agenda, because it removes some of the last vestiges of privacy and anonymity that we still have in today’s world. Without the ability to freely transact anonymously with cash, our freedom is greatly restricted because so much of our life revolves around the use of money: spending habits, income, expenditures, amount of tax paid, etc. To know someone’s complete financial history and current position is to have great power over them.

It seems the NWO manipulators are attempting to cement the cashless agenda in place before the world becomes too much more awake, aware and conscious. Will they succeed? Only time will tell, but there is still time to stop this agenda in its tracks if we spread enough awareness about it.

***********

Original article

ER recommends other articles by The Freedom Articles

About the author

Makia Freeman is the editor of alternative media / independent news site The Freedom Articles and senior researcher at ToolsForFreedom.com, writing on many aspects of truth and freedom, from exposing aspects of the worldwide conspiracy to suggesting solutions for how humanity can create a new system of peace and abundance.

Find out about our great (WOW) TLB Project Membership package and benefits, add your voice and help us to change the world!

Sources:

*http://freedom-articles.toolsforfreedom.com/ngos-choice-tool-subversion-nwo/

*http://freedom-articles.toolsforfreedom.com/soros-hack-top-10-machinations/

*https://sputniknews.com/voiceofrussia/news/2014_03_03/USAID-got-Maidan-coup-up-and-running-media-6362/

*http://norberthaering.de/en/home/27-german/news/745-washington-s-role-in-india#weiterlesen

*https://www.usaid.gov/india/press-releases/oct-14-2016-usaid-launches-catalyst-drive-cashless-payments-india

*https://www.usaid.gov/news-information/press-releases

*http://freedom-articles.toolsforfreedom.com/icfn-international-fact-checking-network/

*http://www.gregpalast.com/larry-summers-goldman-sacked/

*https://www.bloomberg.com/news/articles/2016-12-11/venezuela-orders-largest-bills-turned-in-ahead-of-new-bank-notes

*https://dollarvigilante.com/blog/2016/12/16/war-cash-rages-india-venezuela.html

*https://www.theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe

*https://www.youtube.com/watch?v=ga6WdVTfLbg

*https://www.youtube.com/watch?v=xT0K2dqyyJw

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RonMamita says:

January 10, 2017 at 5:10 am

Title: Trumps 1st act, wikileaks & CNN, California Haarp, U.S created indian cash ban, bitcoin fintech
Video posted 8 Jan 2016 by Silver The Antidote

“USAID had announced the establishment of „Catalyst: Inclusive Cashless Payment Partnership“, with the goal of effecting a quantum leap in cashless payment in India. The press statement of October 14 says that Catalyst “marks the next phase of partnership between USAID and Ministry of Finance to facilitate universal financial inclusion”. The statement does not show up in the list of press statements on the website of USAID (anymore?). Not even filtering statements with the word “India” would bring it up. To find it, you seem to have to know it exists, or stumble upon it in a web search. Indeed, this and other statements, which seemed rather boring before, have become a lot more interesting and revealing after November 8.”

So on top of actively pushing India into the cashless agenda, looks like USAID is also covering their tracks and trying to hide it.

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RonMamita says:

January 21, 2017 at 5:54 pm

Cashless Society Welcomes FinTech & Blockchain Cryptocurrencies:

Get Off The Monetary Grid!

Title: BREAKING: United States Going Cashless! – Evidence Shows Trend Towards Cashless Society
Video posted 18 Jan 2017 by World Alternative Media

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RonMamita says:

January 26, 2017 at 7:31 am

Posted Jan 26, 2017 by Martin Armstrong

Columbia University Economist Joseph Stiglitz says that the United States should phase out currency and move towards a digital economy. All of these people advocating such policies are ignorant of the real world and advocate total government control. Stiglitz told the World Economic Forum that their are “benefits that outweigh the cost.” He hailed India for eliminating 86% of all currency. This is the only way they see to force socialism down everyone’s throats. Instead of looking at why the system is failing, they want more power to create absolute control like a communist state.

While the communist model was that government owned everything, the new model allows private ownership, but they will simply seize whatever they desire. We retain title, but they retain the right to say how much can you keep.

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RonMamita says:

February 14, 2017 at 9:26 pm

Title: Economic Collapse – A NEW THEORY On Why It Never Melts Down!
Video posted 13 Feb 2017 by Texas Shrugged Book

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