Banks are scheming for a cashless society

[thegente]

http://www.zerohedge.com/news/2015-06-04/better-cash-alliance-has-orwellian-plan

 

 

 

The "Better Than Cash Alliance" Has An Orwellian Plan

06/04/2015 15:24 -0400

• Federal Reserve
• Federal Tax
• Reality
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Submitted by Seth Mason

 

The "Better Than Cash Alliance" Has An Orwellian Plan

 

In the fall of 1910, under the pretense of a duck hunting trip, a group of powerful bankers, political figures, and businessmen met at Jekyll Island, GA to plan the creation of a central bank for the United States. The “game” that this elite group of “hunters” brought back to their ivory towers of Lower Manhattan and Capitol Hill was the blueprint for one of the most destructive financial institutions in modern history, the Federal Reserve.

 

One-hundred years later, another group of powerful bankers, political figures, and businessmen have converged to promote a cashless society, an economic system that would compel every man, woman, and child to utilize proprietary, government-monitored electronic systems to make purchases of any kind. This group, which calls itself the Better Than Cash Alliance, is as dangerous as the group of “outdoor enthusiasts” that met at Jekyll Island that fateful early-20th Century November.
 

And, just like the Jekyll Island group sold their grand plans based on a lie (they claimed that the Fed would guarantee liquidity in times of financial panics), the Better Than Cash Alliance is selling the idea of a cashless society based on the farce that eliminating cash would stimulate entrepreneurship among the poor. In reality, the elimination of cash would reduce a great many opportunities for entrepreneurship for people of few means.
 

Gone would be the informal businesses the working poor often operate: roadside produce stands, street performances, handicraft tables, and day labor. Contrary to the assertions of the BTCA, a cash-free society would limit entrepreneurship to those with the means to incorporate a business, afford the proprietary system required to accept payments, and understand the local, state, and federal tax burden the payment system would create.
 

Although they won’t admit it, the 12 central governments that currently support the BTCA (the U.S. is one of them) do so because a cashless society would enable them to track and tax every purchase made with sovereign currency within their borders. In addition to producing new government revenue streams, the payment systems would increase governments’ social engineering capabilities: They would compel consumers to purchase goods and services from tax-paying, licensed organizations.

 

Freelance service providers such as barbers, music teachers, and tutors would be forced to either jump through the hoops of incorporation or seek work with licensed businesses (which would inevitably take a cut of their earnings and subject the remainder to payroll taxes). The black market would also be squeezed, escalating the War on Drugs, and subjecting every “sin” and self-defense purchase to government scrutiny. Under the guise of “national security”, of course.

 

A number of financial institutions, including, but not limited to, Citi, Visa, and MasterCard, support the BTCA, for obvious reasons. In a cash-free world, these institutions would not only make profits on the front end by selling electronic payment devices and charging a fee for every transaction, but they would also make money on the back end by compelling everyone to deposit all of their earnings and cash holdings into their coffers. The BTCA claims that a cashless society would enable the poor to “participate in the financial system”.

 

In reality, it would compel everyone to patronize banks. And, while a cashless society would be a windfall for the banking industry, it would place a heavy burden on the elderly, who often hold large amounts of cash and are hesitant (and, in some cases, incapable) of making electronic financial transactions. Among the numerous social problems the BTCA’s plan for cashless society would create, incidences of elder abuse would certainly increase.

 

Inevitably, some people would find a way to circumvent a government-mandated electronic payment system, at least for some purchases. Some would find ways to barter or use non-government-issued crypto or de facto currencies. (Interestingly, some black market circles use liquid Tide laundry detergent as a currency.) For some, the elimination of cash would have little material effect on their lives. But, for most, the BTCA’s agenda is a tremendous threat to their individual and economic liberties.

 

Like the Jekyll Island duck hunters, the Better Than Cash Alliance is a cabal of powerful people who are pushing a dangerous agenda that would harm average Americans while increasing the elite group’s power over them. Like Georgia mallards, the BTCA’s plans must be shot down.

Average:

[Jim1cor13]

Thank you thegente

 

The bottom line of going 'cashless' is to finally place the lid

on top of the box that has been created FOR us for the last

100 years, if not longer.

 

The "lid" in this case is the ability to track every single transaction

no matter the amount or the item, it all goes into a database, just

like all credit transactions, but THIS last tactic of financial bondage

literally removes ANY and ALL financial privacies.

 

This lid represents the final move via digital currency, that offers no 

more financial privacy via cash settling. This was planned to go into

effect around 1980, but too many were reluctant. Today? No problem at all

due to the gradual 'training of people that started with direct deposit, and

ended with 'smart' phone convenience, no cash needed. The "lid" is being

positioned now, and it will seal the deal for taking the last target away from

people...the ability to conduct commerce without government knowledge via

cash transactions.

Edited June 4, 2015 by Jim1cor13

[Zebra0101]

One World Government...So the elite can control people.

 

One World Religion...So the elite can tell you who to worship and when to worship.  This way no religion will create anymore wars. 

 

One World Economy...So the elite can make sure that you are equal to all the others in the world.

 

Get ready for it...

[8th ID]

Once the cash is gone, all that is left then, is the 'mark'. Now you will be a slave.

[RVWITHME]

And who among us will choose to exempt themselves from this abomination?

 

Can you imagine the elimination of those collection plates on Sunday when there is no cash?

 

Will not (most) politicians in DC be especially miffed at having to account for all of the "Hookers and Blow" (Etc) they consume?

 

What will the lobbiest then have to lobby with in the shadows?

 

For that matter, how are those same politicians going to account for all of the (under the table) graft and payoffs the recieve almost daily?

 

Just the tracking and accountability factors alone, we are assured that this "system" will only be placed upon the pleebs that choose to be volunteers to the chip.

 

Even if this does somehow go mainstream, there's no way this is happening as a commonplace item anytime soon with all of the security breaches happening right here at home, not to mention globally.

 

To Wit:

 

"A week ago, Russian "crime syndicates" were blamed when the IRS announced that a "major cyber breach allowed criminals to steal the tax returns of more than 100,000 people." Today, it is China's turn to be blamed following a report that the FBI is probing what has been described as "one of the largest thefts of government data ever seen."
The alleged penetration by Chinese hackers breached the files of the Office of Personnel Management, in which a vast amount of information about federal employees was accessed.  According to the WSJ, investigators believe the hack compromised the records of approximately 4 million individuals. Indicatively, according to the OPM, there are about 4.2 million total personnel, so the hack affected some 95% of all Federal workers.
OPM Director Katherine Archuleta told the WSJ that: “we take very seriously our responsibility to secure the information stored in our systems, and in coordination with our agency partners, our experienced team is constantly identifying opportunities to further protect the data with which we are entrusted.”

 

http://www.zerohedge.com/news/2015-06-04/china-blamed-largest-theft-us-government-data-ever-95-federal-employees-affected