Not long after billionaire George Soros forecast a so-called hard landing for the Chinese economy, Beijing fired back by calling out the high-profile investor, warning him of betting against its currency, according to media reports Tuesday.
What government wouldn’t want all of that as it seeks solutions to the death of its current currency? And what international bank wouldn’t want that?
As national currencies now collapse, governments will find themselves scrambling for an answer to the Epocalypse — and answer they already want. Many want a currency that ends US hegemony, and President Obama seems more willing to end US hegemony than other presidents have been. All want a currency that smooths international trade. What The Economist thought some might find “outlandish” thirty years ago is now the clarion call of economists around the world and a move that has already begun in many nations:
They want to control your spending habits and the things you do to mitigate your risks. It’s all about controlling and monitoring your behavior as a consumer. You see, those businesses that operate primarily in cash might be criminals. Naturally, criminals do love cash because they must have anonymity. The philosophy is rapidly gaining ground, as a result of that truth, that anyone preferring cash may be someone who needs anonymity for nefarious reasons. Then it progresses from “may be” to “likely is.”
Therefore, the article in this highly regarded financial publication advocates that governments start fining people who use cash, as if all of them are bad guys. The writer says that governments should make cash users “pay for the privilege of anonymity” so they will choose to work more with electronic money and, thus, “remain affected by monetary policy.”
As I reported in an earlier article, “Cashless Society Has Arrived, and It’s Global,” most Scandinavian countries have already gone this way or have made major strides in that direction. Those Scandinavians love a good socialist answer to everything. So, what you might have thought sounded like conspiracy at the beginning of this article is actually the norm in Scandinavian societies.
So, let this former central bank economist (we know how smart economists are) inform you:
You see, cash is cumbersome to the poor. What if they cannot get to a cash machine to get some? (How have they ever managed to get it in the past without cash machines?) Going cashless alleviates their challenging need to find cash machines in rural areas.
(The Apocalypse of Jesus Christ 13:16 & 17 — commonly translated “The Book of Revelation” because “apocalypse” actually means “the uncovering” or “revelation,” though it is often thought of in terms of the global holocaust described in that ancient text.)
In case the move toward becoming a global cashless society still seems remote to you, look at how it gained popular momentum in the final quarter of last year as it has been implemented in some societies already:
Other articles from 2015 about the global cashless society movement
OCTOBER 22, 2015: Britain tries cashless society experiment
OCTOBER 31, 2015: Sweden pushes populace into cashless society
NOVEMBER 8, 2015: India and parts of Africa each intensify moves to become a cashless society
NOVEMBER 23, 2015: Terrorism finally cited as good reason to switch to being a cashless society
DECEMBER 1, 2015: Switzerland’s negative interest rates prompt economists to encourage move to cashless society