The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”):
Whether it’s for mulled wine at the Christmas market, a beer at the bar, even the smallest charge is settled digitally. Even the homeless vendors of the street newspapers Faktum and Situation Stockholm carry mobile card readers.
A similar situation is unfolding in Denmark, where nearly 40% of the paying demographic use MobilePay, a Danske Bank app that allows all payments to be completed via smartphone. With more and more retailers rejecting physical money, a cashless society is “no longer an illusion but a vision that can be fulfilled within a reasonable time frame,” says Michael Busk-Jepsen, executive director of the Danish Bankers Association.
While Sweden and Denmark may be the two nations that are closest to banning cash outright, the most important testing ground for cashless economics is half a world away, in sub-Saharan Africa.
In many African countries, going cashless is not merely a matter of basic convenience (as it is in Scandinavia); it is a matter of basic survival. Less than 30% of the population have bank accounts, and even fewer have credit cards. But almost everyone has a mobile phone. Now, thanks to the massive surge in uptake of mobile communications as well as the huge numbers of unbanked citizens, Africa has become the perfect place for the world’s biggest social experiment with cashless living.
Western NGOs and GOs (Government Organizations) are working hand-in-hand with banks, telecom companies and local authorities to replace cash with mobile money alternatives. The organizations involved include Citi Group, Mastercard, VISA, Vodafone, USAID, and the Bill and Melinda Gates Foundation.
In Kenya the funds transferred by the biggest mobile money operator, M-Pesa (a division of Vodafone), account for more than 25% of the country’s GDP. In Africa’s most populous nation, Nigeria, the government launched a Mastercard-branded biometric national ID card, which also doubles up as a payment card. The “service” provides Mastercard with direct access to over 170 million potential customers, not to mention all their personal and biometric data.
The company also recently won a government contract to design the Huduma Card, which will be used for paying State services. For Mastercard these partnerships with government are essential for achieving its lofty vision of creating a “world beyond cash.”
In India an even more ambitious project is under way: the Unique Identification Authority of India (UIDAI), which aims to create a centralized voter enrolment system for 1.2 billion people. It will be the largest identity platform and biometric database in the world. There’s only one snag: according to its creators, the only way to make the system work effectively will be through the widespread adoption of electronic payment systems, side by side, as always, with biometric recognition systems.
Given that cash is still king on the subcontinent, the government may have its work cut out. Finance minister Arun Jaitley has repeatedly underscored the need to transform India into a cashless economy, supposedly to “rein in the problem of black money.” However, with its huge informal economy, India remains the largest producer and consumer of currency notes after China (as well as the biggest consumer of gold).
An oft-overlooked benefit of cash transactions is that there is no intermediary. One party pays the other party in mutually accepted currency and not a single middleman gets to wet his beak.
In a cashless society there will be nothing stopping banks or other financial mediators from taking a small piece of every single transaction. They would also be able to use – and potentially abuse – the massive deposits of data they collect on their customers’ payment behavior. This information is of huge interest and value to retail marketing departments, other financial institutions, insurance companies, governments, secret services, and a host of other organizations.
Another very important perk of cash is that it significantly limits central banks’ ability to continue conducting arguably the greatest financial heist of the modern age, i.e., negative interest rate policy (NIRP). The only way that central banks can maintain negative interest rates ad infinitum is by abolishing cash altogether, as the Bank of England chief economist Andrew Hadlaine all but admitted. As long as cash exists, there’s no way of preventing depositors from doing the logical thing – i.e. taking their money out of the bank and parking it where the erosive effects of NIRP can’t reach it.
So in order to save a financial system that is morally beyond the pale and stopped serving the basic needs of the real economy a long time ago, governments and central banks must do away with the last remaining thing that gives people a small semblance of privacy, anonymity, and personal freedom in their increasingly controlled and surveyed lives.
The biggest tragedy of all is that the governments and banks’ strongest ally in their War on Cash is the general public itself. As long as people continue to abandon the use of cash, for the sake of a few minor gains in convenience, the war on cash is already won.
“British extremists linked to jet bomb: London & Birmingham voices heard cheering disaster,” by James Murray, Express, November 8, 2015 (thanks to Pamela Geller):
They were overheard celebrating moments after the explosion that blew the plane apart, killing all 224 on board.The jihadis were heard talking in Birmingham and London accents by spies at GCHQ in Cheltenham.Trained in Syria and with an electronics background, it is believed they may have had a hand in building the bomb.The success of the attack could inspire them to target British airports next, a former Special Branch officer warned last night.GCHQ, the Government’s secret listening centre, picked up “chatter” from extremist groups in Egypt immediately after the Russian plane came down.The regional accents suggest “a definite and strong link” between British extremists and the attack, according to intelligence sources.“Jihadis in the Sinai area of Egypt could be heard celebrating,” one source said yesterday.“A closer analysis of that material has identified London and Birmingham accents among those numerous voices.“There has also been some internet traffic suggesting that there was British involvement in the attack. This was a very sophisticated, carefully planned operation involving many moving parts.“We know there are British jihadis in Egypt fighting with members of Islamic State. They were trained in Syria and are now hardened terrorists. Some of the Britons have an electronics background and have been developing some very sophisticated bombs.“They have been experimenting with different-sized charges and different types of explosives but there was nothing prior to this attack to suggest that they were going after airlines.”A321 Airbus Sinai disaster: Russian airline Kogalymavia’s flight 9268 crashed en route from Sharm el-Sheikh to Saint Petersburg on October 31, killing all 224 people on board, the vast majority of them Russian tourists….
[The usual caveats and disclaimers apply here, but some other sites have had a similar view, so the article below isn't in isolation - but it still seems difficult to believe - that things could be this bad. However, because similar views are in circulation, I thought it was worth a glance]
"A mysterious bright light in the sky has sent Californians into panic," reports the BBC. "Videos posted online show a bright flare rising high, before a wide, bright blue flash emerges in a cone shape. Many videos continue to track the light for several minutes."
Last night, Californians immediately leapt to social media to propose their theories of the phenomenon, ranging from a nuclear missile attack to meteors. "Law agencies and news media in San Diego were flooded with calls about 6 p.m. from people reporting everything from a flare to a comet to a nuclear bomb in the western sky," reports the San Diego Union Tribune.
Last night, Californians immediately leapt to social media to propose their theories of the phenomenon, ranging from a nuclear missile attack to meteors. "Law agencies and news media in San Diego were flooded with calls about 6 p.m. from people reporting everything from a flare to a comet to a nuclear bomb in the western sky," reports the San Diego Union Tribune.
Just a day earlier, the FAA had issued flight restrictions for the Los Angeles International Airport, denying aircraft access to one of the most frequent approach paths for international and domestic travel.
The "official" explanation of this event -- and remember that "official" explanations are almost always cover stories -- is that the U.S. Navy launched a test missile just because they "routinely" test missiles.
"Media in California confirmed that the light came from an unarmed Trident missile fired from the USS Kentucky navy submarine," reports the BBC. While they call the missile "unarmed," they fail to mention that the Trident missile normally carries a thermonuclear warhead. There's also no way for the media to know whether this missile was really unarmed or not, as the sole source on that question is the U.S. Navy itself.
"Media in California confirmed that the light came from an unarmed Trident missile fired from the USS Kentucky navy submarine," reports the BBC. While they call the missile "unarmed," they fail to mention that the Trident missile normally carries a thermonuclear warhead. There's also no way for the media to know whether this missile was really unarmed or not, as the sole source on that question is the U.S. Navy itself.
Apparently the media thinks the public is so incredibly stupid that they'll believe the U.S. Navy has nowhere else to launch a test missile other than right next to Los Angeles. Somehow we're supposed to believe the entire Pacific Ocean won't work for such a test launch, so they have to launch it adjacent to the airport and thereby inconvenience commercial aviation traffic for an entire week.
So what's the real story behind this? It all has to do with China and the covert war that's already underway between China, the US and Russia.
To get up to speed on what's really happening, read this report from the Congressional Research Service (PDF) found at http://www.fas.org/sgp/crs/row/RL33153.pdf
Authored by Ronald O'Rourke, Specialist in Naval Affairs, and just released on Sep. 21, 2015, the report is entitled, "China Naval Modernization: Implications for U.S. Navy Capabilities."
Authored by Ronald O'Rourke, Specialist in Naval Affairs, and just released on Sep. 21, 2015, the report is entitled, "China Naval Modernization: Implications for U.S. Navy Capabilities."
The report states:
China is building a modern and regionally powerful navy with a limited but growing capability for conducting operations beyond China’s near-seas region. Observers of Chinese and U.S. military forces view China’s improving naval capabilities as posing a potential challenge in the Western Pacific to the U.S. Navy’s ability to achieve and maintain control of blue-water ocean areas in wartime -- the first such challenge the U.S. Navy has faced since the end of the Cold War.
China is building a modern and regionally powerful navy with a limited but growing capability for conducting operations beyond China’s near-seas region. Observers of Chinese and U.S. military forces view China’s improving naval capabilities as posing a potential challenge in the Western Pacific to the U.S. Navy’s ability to achieve and maintain control of blue-water ocean areas in wartime -- the first such challenge the U.S. Navy has faced since the end of the Cold War.
China’s naval modernization effort encompasses a broad array of platform and weapon acquisition programs, including anti-ship ballistic missiles (ASBMs), anti-ship cruise missiles (ASCMs), submarines, surface ships, aircraft, and supporting C4ISR (command and control, communications, computers, intelligence, surveillance, and reconnaissance) systems.
The most important section of this report, in my assessment, is this description of China's ship-killing ballistic missiles:
China is fielding an ASBM, referred to as the DF-21D, that is a theater-range ballistic missile equipped with a maneuverable reentry vehicle (MaRV) designed to hit moving ships at sea. DOD states that China continues to field an ASBM based on a variant of the CSS-5 (DF-21) MRBM that it began deploying in 2010. This missile provides the PLA the capability to attack aircraft carriers in the western Pacific. The CSS-5 Mod 5 has a range exceeding 1,500 km [about 810 nm] and is armed with a maneuverable warhead.
The most important section of this report, in my assessment, is this description of China's ship-killing ballistic missiles:
China is fielding an ASBM, referred to as the DF-21D, that is a theater-range ballistic missile equipped with a maneuverable reentry vehicle (MaRV) designed to hit moving ships at sea. DOD states that China continues to field an ASBM based on a variant of the CSS-5 (DF-21) MRBM that it began deploying in 2010. This missile provides the PLA the capability to attack aircraft carriers in the western Pacific. The CSS-5 Mod 5 has a range exceeding 1,500 km [about 810 nm] and is armed with a maneuverable warhead.
China, in other words, has weapons capable of destroying U.S. aircraft carriers, destroyers and other ships. The 1,500 km range is key because it allows a very wide operational range.
Just recently in August, the Chinese and Russians held their largest naval joint exercise in history as a way to "counter U.S. influence in Asia." As reported by Collapse.news:
The Russian and Chinese navies are set to hold their largest joint exercises ever, featuring scores of warships, hundreds of troops and an amphibious landing, in what appears to be a deepening of ties meant to counter a rising U.S. military presence in Asia.
In September, Chinese warships were spotted operating near the coast of Alaska. This was reported across the mainstream media, including in the Wall Street Journal in an article entitled, "Five Chinese Navy Ships Are Operating in Bering Sea off Alaska."
Fox News also covered the same story: "5 Chinese warships spotted off Alaska coast during President Obama's visit."
Fox News also covered the same story: "5 Chinese warships spotted off Alaska coast during President Obama's visit."
In response to that territorial provocation, the U.S. Navy sent the USS Lassen destroyer to within 12 nautical miles of China's newly-constructed military bases in the Spratly Islands.
China's communist government openly condemned the act as a provocation of war. From the Straits Times:
China's communist government openly condemned the act as a provocation of war. From the Straits Times:
China claims most of the South China Sea and on Oct 9 its Foreign Ministry warned that Beijing would "never allow any country to violate China's territorial waters and airspace in the Spratly Islands, in the name of protecting freedom of navigation and overflight."
China's war of aggression is also in high gear on the geopolitical side, with China pressuring Taiwan President Ma Ying-jeou to publicly state yesterday that Taiwan is now part of China!
A massive cultural backlash in Taiwan is now surging, as most of the country's citizens do not want to be part of communist China. Taiwan's DPP party is rapidly rising to prominence on the platform of Taiwan as a sovereign nation, but China remains in an aggressive military stance, always threatening Taiwan with an armed invasion if Taiwan attempts to "secede" from China. (Taiwan's GMT party, which is a "pro-China" party, has been plagued by an endless stream of scandals and corruption.)
A massive cultural backlash in Taiwan is now surging, as most of the country's citizens do not want to be part of communist China. Taiwan's DPP party is rapidly rising to prominence on the platform of Taiwan as a sovereign nation, but China remains in an aggressive military stance, always threatening Taiwan with an armed invasion if Taiwan attempts to "secede" from China. (Taiwan's GMT party, which is a "pro-China" party, has been plagued by an endless stream of scandals and corruption.)
From Channel News Asia: "Taiwanese President Ma Ying-jeou emphasised the island must continue to uphold the 1992 Consensus with China’s Communist Party in order to promote cross-strait relations and development, as he marked the 22nd anniversary of the historic talks between Taipei and Beijing in Singapore."
Taiwan is a critical strategic island for U.S. influence over the Pacific naval theater of operations. Taiwan's airports and military basis provide key strategic locations for staging U.S. aircraft and even bombers if conflict breaks out with China.
Taiwan is a critical strategic island for U.S. influence over the Pacific naval theater of operations. Taiwan's airports and military basis provide key strategic locations for staging U.S. aircraft and even bombers if conflict breaks out with China.
The upshot of all this is that the U.S. and China have been engaged in a covert war for quite some time, and that covert war has escalated month by month, even as the official state-run news organizations of both nations have denied any war is happening at all.
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