Post by Daniel on Sept 30, 2017 9:02:13 GMT -5
Just One Crisis Away from Cashless
By Mike Konrad
September 30, 2017
Puerto Ricans presently without cash are in severe straits now that the electronic grid is down. They do not have the cash to buy supplies; and, since the electronic grid is down due to the recent hurricanes, they cannot use electronic options. However, the discerning will realize that this present weakness in electronic currency will not stop the rush to a cashless society. The powers that be will merely fix "the problem." They will probably use, or engineer, a crisis to impose a cashless dystopia.
Countries around the world are racing to go cashless. India, South Korea, Sweden. Governments have myriad reasons to want to do so. Cashless paradigms can stop crime. Drug dealing would become harder. Tax evasion would become difficult. Terrorism would be stifled. Without untraceable cash, trafficking in illegal weaponry would become extraordinarily difficult.
"We wanted to minimise the risk of robberies and it's quicker with the customers when they pay by card," says Victoria Nilsson [in Sweden], who manages two of the bakery chain's 16 stores across the city. -- BBC
So why would the Swedes be rushing to give banking institutions control of one of the last areas of total autonomy available to modern man, fungible cash? Apparently, naivete is a Swedish trait.
"Swedes tend to trust banks, we trust institutions... people are not afraid of the sort-of 'Big Brother' issues or fraud connected to electronic payment."
Somewhat paradoxically, Sweden's decision to update its coins and banknotes, a move announced by the Riksbank in 2010 and fully implemented this year, actually boosted cashless transactions, explains Prof Arvidsson. -- BBC
One could not imagine Americans having such an ingrained trust of banks or institutions. Don't worry! For the recalcitrant, a good crisis can be imposed or engineered.
more
www.americanthinker.com/articles/2017/09/just_one_crisis_away_from_cashless.html
By Mike Konrad
September 30, 2017
Puerto Ricans presently without cash are in severe straits now that the electronic grid is down. They do not have the cash to buy supplies; and, since the electronic grid is down due to the recent hurricanes, they cannot use electronic options. However, the discerning will realize that this present weakness in electronic currency will not stop the rush to a cashless society. The powers that be will merely fix "the problem." They will probably use, or engineer, a crisis to impose a cashless dystopia.
Countries around the world are racing to go cashless. India, South Korea, Sweden. Governments have myriad reasons to want to do so. Cashless paradigms can stop crime. Drug dealing would become harder. Tax evasion would become difficult. Terrorism would be stifled. Without untraceable cash, trafficking in illegal weaponry would become extraordinarily difficult.
"We wanted to minimise the risk of robberies and it's quicker with the customers when they pay by card," says Victoria Nilsson [in Sweden], who manages two of the bakery chain's 16 stores across the city. -- BBC
So why would the Swedes be rushing to give banking institutions control of one of the last areas of total autonomy available to modern man, fungible cash? Apparently, naivete is a Swedish trait.
"Swedes tend to trust banks, we trust institutions... people are not afraid of the sort-of 'Big Brother' issues or fraud connected to electronic payment."
Somewhat paradoxically, Sweden's decision to update its coins and banknotes, a move announced by the Riksbank in 2010 and fully implemented this year, actually boosted cashless transactions, explains Prof Arvidsson. -- BBC
One could not imagine Americans having such an ingrained trust of banks or institutions. Don't worry! For the recalcitrant, a good crisis can be imposed or engineered.
more
www.americanthinker.com/articles/2017/09/just_one_crisis_away_from_cashless.html
!!
