Babylon's Bankers

THOSE CALLS FOR “CASHLESS SOCIETY” AND THOSE STORIES ABOUT ...

Today is an usual blog, in that I want to write about two seemingly disparate articles, in order to point out an emerging contradiction in the "officially promoted and sponsored narratives" of globaloney. The first of these articles was shared by Mr. J.K., and the second by Mr S.D. to whom we are grateful for bringing them to our attentioN:

Leading German Keynesian Economist Calls For Cash Ban

New Russian Hacks Target US Banks

While one encounters such articles as the first from time to time, with the usual arguments that coins and paper money, i.e., actual physical or "analogue" media of exchange(and please note, the two are not the same: electronic blips in a computer accounting system are not the same thing as analogue entries in actual physical ledgers), are obsolete, costly, and with the usual argument that a cashless society would actually allow the underground criminal economies to dry up, I suspect the truth is the exact opposite. The only thing that would be entirely transparent in such a system would be the public economy, the hidden economies would become even more opaque to public examination and governmental oversight and scrutiny than ever before. The only ones benefitting from such a restriction of the types of money in circulation would be the financial oligarchs and the associated criminals associated with them. I have more observations to make on this subject, but that will have to await its due time and circumstance. But suffice it to say, such a move to a cashless society would not eliminate any hidden systems of finance nor any hidden economies, but only make them even more hidden.

Which brings us to the second article, and to the contradiction of the official "memes" being promoted (really folks, you'd think Rockefailure, Buffet, Rottenchild, Soros, Ilk & Associates would hire better "experts" and at least concoct better-coordinated memes). It goes without saying that if Russia, China, and whoever else might be posing threats to various Western banks through their non-stop cyber-warfare and hacking schemes, then no matter how secure one might make such networks, one can never guarantee that the probability of successful hacks is zero. It may be vanishingly small, but never zero, and hence, one would be extremely ill-advised to have an entirely cashless, digital-currency society. Would would always want and need, in such circumstances, continued physical and analogue media of exchange, including such old fashioned and "obolete" media like coins, paper money, and ledger books, with real accountants dipping real quills into real bottles of ink and making real entries in said books (so to speak). Otherwise, one exposes an entire financial system - reduced to only one type of currency - to a needless risk of overwhelming and decisive compromise.

To put it country simple: would one wish to promote a "cashless" society in the face of the current international situation, with terrorists and nation-state-sponsored cyber-attacks on western banks?

I think not, for in the end, even those oligarchs stupidly pushing for such a scheme could literally be wiped out, and literally at the push of a button.

Which brings us to ask an important question, one full of potential implications for "high octane speculation." Knowing this - as "they" surely do, why would "they" be pushing for such a scheme, in spite of the risks? For once, I will forego the temptations to offer my own speculations, which I withhold for a future moment. Suffice it to say, however, that the extreme risks posed by such a cashless scheme would have to be outweighed by even more extreme risks... and in that, there may lie quite a tale...

See you on the flip side...

 

 

12 thoughts on “ THOSE CALLS FOR “CASHLESS SOCIETY” AND THOSE STORIES ABOUT ...”

  1. Electronic balloting and electronic money – they are both essentially the same thing, and we have already seen how electronic voting can be rigged.

  2. As Dr Farrell says in the article, the entire financial system would be reduced to one type of currency. Catherine Austin Fitts has also spoke about part of what is going on in getting to 3.0 is equalizing the GDP ratio per person so that they are equalized.

    That would pose a huge risk to the world economy indeed, but I don’t think that is entirely it.

    To speculate and I admit its wild; what if you have some off world “assets” or equity already and there is also an economy or market “out there”, but the current home world economy, with all its different currencies on Terra Firma. doesn’t translate to that economy?

    Wouldn’t one need to align the home world currency in order to fully integrate in that economy?

    Granted you could argue the point that it would be easier to just align your off world assets to that economy while you bid this one adieu, but I don’t believe that is the case-they know they have to have this world in that economy and trying to integrate into a galactic economy has huge risks.

  3. Robert Barricklow

    For the Puppet Masters a Cashless $ociety[the criminal financiers beyond massive wet-dream], either digital and/or analogue, is absolutely acceptable as long as both are private[under absolute control of their private owners]. The Masters of the Universe cannot stomach anything the public has a say/voice in. The public have no idea what’s good for them The public thinks GMOs are bad. They think a Police State is bad. They think being chipped is bad. Some even think that the government owning all the guns; while the public has none, is bad. They public need to be led, preferably by their chain-ringed noses. Controlling them by ones & zeros; by GMOs; by monopolized energies; is all for their own good – despite the heavy cost to their owners[stroking a few keys on the computer and pressing send].

    1. “They public need to be led, preferably by their chain-ringed noses.” – Great analogy Robert.

      1. Robert Barricklow

        Thanks sagat1,
        I think those chained-ringed noses have been simply re-branded: COG.

  4. It’s just amazing that the power elite has nothing to do but sit around and think up ways of getting your hard earned. It’s always the way that governments and banks get into bed with each other and plot some kind of money system that benefits the “few”.
    For my money (sorry about the pun) I like to have some cash in my money clip just in case a hooker doesn’t have a paypal account…..whoops!!

  5. Dr Farrell,

    I respect you enormously – so why, oh why, have you chosen a blue sky covered in half-evaporated chemtrails for your backdrop?

    I see them day in, day out, and I don’t really need more subliminal messages, from people I respect,

    sincerely,

    withoutwax

  6. The PTB believe the Sheeple are willing to give another element of their freedom via a “Cashless Society”.. That is what the BitCoin push was all about. Getting people who think they have a shred of privacy, to go all in on a secure, LOL, digital currency. See Aral Balkan’s Big Brother Award video on Privacy 2.0
    https://ind.ie/about/manifesto/. Note he does not mention BC. Which IMO has more NSA backdoors than any other app.

  7. marcos toledo

    With a cashless society ninety nine percent of the population will be declared useless eaters as far as the economy is concern. Having a debit-credit card eat up my bank account just by having these pieces of plastic. The meme that only criminals use cash is a bold face lie identity thieves know who to use computers to raid bank accounts. But if your a eugenics psychopath this will be manna from heaven to declare obsolete most of the human race since they will be bared from the economy because they are unable purchase anything because they will have nothing other than their bodies or labor to pay for what they want.

  8. “To put it country simple: would one wish to promote a “cashless” society in the face of the current international situation, with terrorists and nation-state-sponsored cyber-attacks on western banks?”

    TPTB cannot make NIRP bite without getting rid of cash. Whatever they lose to hacks they can “reprint”.

    I think you’re conflating cashless with digital. There is such a thing as digital cash.

    1. Though I am inclined to agree with your summation of digital currency with respect to NIRP I do not share your comfort in the concept an economy based on digital cash exclusively. Unlike clay tablets, treasury notes, federal reserve notes and other units of money there is nothing to exchange outside of a digital medium–and that is the point. In such a system you not only increase the possibility of, and vulnerabilities to, a Tower of Babel moment–you virtually guarantee one. In my humble opinion the idea of any digital based closed economic system is insane.

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