The Cashless Society Is Going to Backfire for the EstablishmentBy Joshua Krause The desires of the banking cartel became perfectly clear two weeks ago when Willem Buiter, the chief economist for Citigroup, advocated banning cash to supposedly save the global economy. So basically what hes suggesting is that by eliminating cash, it will make it easier for the banks to take your money. Right now its difficult for them to enforce a negative interest rate (which would ostensibly fuel the economy by making people spend money instead of saving it) because people will just take the cash out of their accounts. You cant place a negative interest rate on money thats hiding under your mattress. However, these bankers really havent thought this through. They probably believe that a cashless society will work, because of success stories like Sweden, where four out of five purchases are done electronically. What theyre not taking into account is that Sweden has a successful economy despite going cashless, not because of it. They have a cohesive society with low crime rates, good schools, and an excellent infrastructure. They would have been successful either way. But if they try going cashless in some basket case nation, theyre in for a rude awakening. I can already tell you what would happen in America. Unlike Sweden, its not going to stifle the black market, which is the biggest reason why governments want to go cashless. Its going to strengthen it. The black market in the United States is a multibillion dollar economy. Its been estimated that our black market may comprise at least 10 percent of our GDP. Thats a force to be reckoned with. Thats larger than the economies of most nations and corporations, and it consists of everything from drug cartels to babysitters. Do they really think that this powerful force will stand idly by as their wealth is forced into the light of day by an edict? Eliminating cash wont remove the desire to save money, and people who work in the black market already dont like to deal with banks. This will only serve to push them even further away from the legitimate economy. Instead of cash, they will just find new ways to preserve their wealth. In the years that followed the crash of 2008, what did fearful Americans buy to preserve their wealth? They bought everything the government doesnt want us to own. Gold, silver, guns, storable food, cryptocurrencies, etc. These all went up in value. If this comes to pass, members of the black market will just put their money in real-world commodities and untraceable currencies, because there will be no other options if they want to stay away from the prying eyes of corporations and governments. And unlike cash, which will occasionally find its way back into the banking system since people still need to write checks for their gas, electric, insurance, and water bills; many of these resources will never see the light of day again. They should also consider what will happen if every single transaction causes you to lose money. If just having money means losing money. This will make it profitable for the black market to reach into every facet of the economy. Think prohibition, but applied to buying groceries and paying your rent. Everything that can be done informally, will be. This will, in time, pave the way for an economy that is separate from the one we currently operate in. It will create a viable alternative to the system weve been forced to endure. Perhaps, this is difficult for us imagine because weve never experienced it. But in most cases the black market always finds a way, because the black market goes by another name: the free market. And the free market cant be stifled in the long run. It will always produce an alternative to any law or regulation. Money has become intrinsically connected to everything we want, need, and do, so by removing cash and creative negative interest rates, theyre placing a tax on every day life. And if the black market does what the black market does best, it will create an underground alternative to everything we want and need. And I mean everything. The same situation occurred in the final days of the Soviet Union. Their dysfunctional system produced one of the most virulent and extensive black markets in history, and one could find just about any product or service there. Theres no reason why it cant happen here. If they succeed in eliminating cash, their system will fade while the black market thrives. Theyre too stupid and hubristic to realize that theyre fueling alternatives to their vision of the world, and sealing their own doom. The criminal government thugs can, of course, make life miserable for the people they catch trying to run their own lives rather than submitting to government tyranny. So yes, the black market will thrive, but it wont be a terribly fun time to be alive. Ive stopped using credit cards and the like whenever possible. If its possible to use cash, I use cash. Just voting with my wallet. Cut mine up in 1985, havent used any credit since then. If I dont have the cash, I dont buy it. The state of Louisiana has just passed a law outlawing the use of cash for purchase of used good (this includes yard sales, automobiles, etc.). The process has already begun in the U.S. As soon as Republicans see the potential, other states will outlaw the usage of cash, too. I believe this actually happened almost three years ago; you saw the same article today that I did, didnt you? Its true, up to the extent that its really old news. But at least you and others found out about it! It sems Joshua has never heard of Wrgl, a village in Austria. http://www.muenzenwoche.de/en/Archive/8?id=17type=a Who knows Wrgl nowadays? Yet for a short period of time the entire world looked at this small town. In 1932/3, one of the most successful economic experiments was conducted here that is still referred to when fairer forms of money are contemplated. That system sounds a lot better than what we have going on now. This a PROVEN system and the Controllers hate it because it will destroy their power. What I find interesting was the comment by the Citi Bank exec who said cash was destroying the economy. I guess they wont be happy unless they can track a statistic on every human beings shopping habits and steal more money than they already have. Just a thought. Its funny that these bank executives blame cash for destroying the economy because the problem is not the cash. The problem is them. Even the Mafia have more brains and are true capitalist. This jerks live on fantasy island they have never any idea of how the universe works. Since they dont have to itemize what they can buy super junkies have no idea how anything works they never thought only dream and confuse the two. Its no mistake Janet Yellen said, not too long ago, that cash is not a safe store of value or something like that. There is a coordinated attempt to either do away with cash (which will be very hard to enforce) or demonize gullible people who would otherwise hoard cash, in other words save it. muslim bankers enslave the world. What would we all do in a major power outage when all the ATM machines are out This could be for long periods and we wouldnt be able to purchase the basics. Also need cash for car boot and garage sales. No store/retailer would be able to process your plastic if the power went out for days or even weeks in the instance of a major catastrophic event which is becoming a more possible outcome in this day and age. Everyone accepts cash. I dont think the general populations would stand for cashless, even though the central controllers would love it. The people would go to the streets Really, it is far from practical in society at this point in time. You dont understand. It is NOT about cash, it is about control. They want TOTAL control of all humanity. They want us all totally dependent on the system that way they can totally enslave us! They dont care about failures they WANT them! They set up the system to fail! They use them as an excuse to bring even GREATER control. (Secretly create the) Problem (manipulate the ) Reaction (so you can impose your) Solution (which will make things even worse to have your even bigger Problem and repeat). A downward cycle. This appears only on the surface. Google this : The Revelations of an Elite Family Insider (2005) elite are of a certain race-religion death cult (j3ws) this website censors such statements bankers enslave the world ! If they ban the use of cash, that ban would have to be 100%, any less than that, and they leave in place a tool to measure the value of the credit in use, a means by which credit can and would be discounted. To give you an idea of that potential discount; if we were to properly value the credit dollar against the current unit/money of account, the legal tender FRN, the true value of the banksters credit dollar would be around $0.04 in legal tender. http://carl-random-thoughts.blogspot.com/ 