Cashless? What does it mean and why does the Deep State want to push us in that direction?
Banks are permanently closing up branches. US Bank has announced that they will be permanently closing 26 branches in the Portland area alone. Wells Fargo is following suit as is Chase and virtually all major banks across the US. Banks employ over 600,000 tellers. When banks close those jobs become obsolete. Big Tech is not just about social media, they have become the new ‘banks’.
PayPal initiated the online bank concept in 1998. In 2019 EBay bought PayPal for $1.5 billion with roughly 286 million active users. Venmo is a mobile payment service that was created in 2009 and is a subsidiary of PayPal. Wire transfers are immediate. Of course, nothing is ‘free’ – Venmo charges a 1% or $10 whichever is less, for each transaction.
Google Pay is a digital wallet application that works something like a ‘prepaid debit card’. Apple Pay, Microsoft Pay, Square, the number of ‘cashless’ apps has grown exponentially essentially working to make traditional banks the next dinosaur. In other words, the RESET to a cashless society has already been instituted and is simply gaining traction as the Deep State intends to smash their Agenda forward years ahead of schedule in the face of President Trump.
CoVid gave an additional ramped up push y forcing everyone to purchase everything online using either credit, debit, or App payment methodology. Within 3 months the media was claiming a shortage of circulating cash.
The promotion for a cashless society hypes all the traditional propaganda; less crime, less money laundering, no currency exchange rates, etc… As though money laundering relies on actual cash at all, which is baseless. Certainly there are stories of suitcases filled with cash and the owner buying property and fabulous McLaren’s, but the real money, the mafia money is a well oiled system of wire transfers via digital money.
And of course the claim to ‘less crime’ is equally ignorant. Digital crime, stealing a person’s identity, and gaining access to digital accounts has been a vast aspiring industry for the past decade. Is your money secure? Insured? No. No. Hacking only ups the ante as hackers can gain access to millions of account holders in one fell swoop! Bada-Bing!
According to Dave Ramsey, a truly cashless society means no one is ‘paid under the table’ and every ‘transaction you make is traceable’! Ramsey disagrees that society is heading in a cashless direction and calls it a boogeyman concept. His entire justification for the boogeyman comment stems from the fact that ‘it hasn’t happened yet’. And we are just in a CoVid blip. Yikes!
Six months ago, Forbes and a host of pundits were ridiculing the articles discussing the possibility of the US becoming cashless. Then suddenly, October 2020, they switched gears and wrote about the transition; ‘why we are rocketing toward a cashless society’. Forbes went from denying its feasibility in February 2020 to Rocketing just six months later.
In order to compete against the Big Tech companies, banks need to actively prune their overhead. Physical addresses are not needed. Support staff – unessential. Infrastructure – unessential. Developers, General Contractors, construction laborers, utilities – unessential. Interest rates on savings – void.
What happens to the value of gold and silver in a cashless society?
When our banks are now represented by Big Tech using digital wallets, their power is once again – control. Given they have every trace of information about you, on you, your political contributions, affiliations, etc… , if these ‘wallets’ determine they don’t like your thinking they can simply push a button and cancel access to all cash. Just like a censorship. A person’s ability to purchase anything would be – scrubbed.
Like a blackmarket, an alternative means of purchasing power would require some sort of asset. While gold’s value is mostly determined by its jewelry application, by comparison silver has industrialized use. Silver is used in electronics, medicine, cell phones, solar panels, etc… As such, its trade value will be higher in a cashless society.
And then there is the idea that a BiG Tech control could extend its tentacles further and require an individual to submit to medical examinations, vaccines, or implants to further control. Your son or daughter could be denied education utilizing cashless credits unless certain conditions are met. Abortion could be forced as in eugenics. Taxes and fees for the App could be directly deducted from a card holder’s credit without any legal recourse. If you don’t agree to their terms of disbursement – you are simply denied credit.
The implications are vast when the hand of control
The purpose of government is to work on behalf of The People. The purpose of Big Tech is to control people so as to solidify a greater concentration of wealth – somewhat like Monarchial rule. Peasants and Kings.
Hi
A really good post…. I have a somewhat different opinion of gold but your opinion holds water as well.
Forbes, like many EX alternative news outlets,,, say Zerohedge,,, have been compromised and paid off, by the powers that shouldn’t be. (IMO)
And the ‘fake’ Covid virus is being used to go from Dirty Cash to Digital Trash.
regards
When you really begin to think about a cashless world, you can see the door opening super wide for the smucks among us to control us in every way possible…right down to our choice of underwear to wear in the morning.