MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Cashless society’

EconomicPolicyJournal.com: Citibank Expands the War On Cash

Posted by M. C. Fox on November 7, 2018

Like the idea of a cashless society?

Like having the government, IRS, your insurance company, cops, monitor and make judgments made on you through your spending habits? Do you use plastic at the state wine and spirits store?

Like being forced to pay for a bank account because how else can you store digital “money”? That is the negative interest you may have heard about. You pay them for the privilege of holding your “money”.

Like having your funds shutoff with the flick of a switch if you do something that offends some faceless, flunky bureaucrat?

Cash is king. Don’t be one of the sheeple.

http://www.economicpolicyjournal.com/2018/11/citibank-expands-war-on-cash.html#more

Here is more evidence that the bankster operation, Citibank, is more in cahoots with government than providing service to its customers.

Read the rest of this entry »

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The cashless society is a con – and big finance is behind it | Brett Scott | Opinion | The Guardian

Posted by M. C. Fox on July 25, 2018

Surveillance, control and profit.

Charged to keep your digital account. There is no alternative in a cashless society.

Your life is data banked through your transactions. “Why are you buying so much…fill in the blank?

A flick of the switch and access to your “money” is stopped. You will be like Kafka’s “K”.

https://www.theguardian.com/commentisfree/2018/jul/19/cashless-society-con-big-finance-banks-closing-atms

All over the western world banks are shutting down cash machinesand branches. They are trying to push you into using their digital payments and digital banking infrastructure. Just like Google wants everyone to access and navigate the broader internet via its privately controlled search portal, so financial institutions want everyone to access and navigate the broader economy through their systems.

Another aim is to cut costs in order to boost profits. Branches require staff. Replacing them with standardised self-service apps allows the senior managers of financial institutions to directly control and monitor interactions with customers. Read the rest of this entry »

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Project: FEDcoin – Fight Going Cashless Like Your Life Depends On It Because It Does.

Posted by M. C. Fox on May 6, 2017

https://www.caseyresearch.com/cs/project-fedcoin-short?utm_source=taboola&utm_campaign=tq2rx-2&utm_medium=referral

The Dangers of Digital Money

Doug, this sounds like a real benefit…

It’s very dangerous.

Without cash, you have no privacy. If you have to put everything through a bank account, the government knows exactly what you’re buying, what you’re selling, how much you are earning. They’re in complete control; able to take what they want out of it including your entire account if you become politically undesirable…

There is no reason to trust a digital, computerized economy as the National Bank of Bangladesh found out not very long ago. They had $81 million deposited with the New York Fed. The New York Fed was hacked and the National Bank of Bangladesh lost $81 million. Have they gotten it back? No. Will they get it back? No.

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Should Cash Be Abolished? – LewRockwell

Posted by M. C. Fox on January 31, 2017

https://www.lewrockwell.com/2017/01/frank-shostak/cash-abolished/

Yesterday I witnessed a friend at the state wine shop paying with plastic.  Helping keep the data bankers in business.

First, there is the problem that the mandatory switch from physical money to money held as deposits within banks will deprive people of the privacy they may wish in the allocation of their financial resources.

Second, once all cash is transferred to the banking system, there is the real risk that control over that money is progressively ceded to that system and to the governments which thrive upon it. Political or consumption activities that are unpopular with government and/or commercial interests — especially in an environment of growing powers of the “security state” — could result in retributive action via restrictions on access to those monetary balances.

Third, in a purely digital world it would be impossible to withdraw physical money should people believe that their bank (or the banking system as a whole) was at risk of collapse. This could potentially lock people on board a sinking ship, or at least remove the ability of people to make their own judgments and vote with their monetary feet.

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A Free Haircut With Your Cashless Purchase

Posted by M. C. Fox on May 10, 2015

We have discussed the drive for a cashless society. Government and crony bankster surveillance of your purchases is one reason. What you buy, where you buy it and for how much. The government needs to know. There are other reasons also.

European countries are beginning to limit and eliminate cash transactions. Larger transactions are check, credit card or some other electronic format. No US bill denomination above one hundred dollars is being printed. This is all to prep the populace to accept a cashless life. What is so bad about that you may ask.

1. When you hear ‘negative interest‘ that is the bankster’s way of saying they want to charge you to keep money in the bank. You can withdraw cash and keep it out of their reach. You can’t withdraw electronic currency and stuff it in the mattress. Negative interest is coming.

2. European countries are beginning to limit and eliminate cash transaction sizes. Larger transactions are check, credit card or some other electronic format. This is all to prep the populace to accept a cashless life and haircuts. Read the rest of this entry »

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Citi Bank Wants To Lose The Cash

Posted by M. C. Fox on April 18, 2015

An exec from one of our more corrupt institutions is re-iterating the call to eliminate cash.  See here.

There are two problems with cash.

It makes it harder for the government to pay for its mistakes and line crony mercantilist pockets by creating counterfeit assets.  Central banks are how war is “paid” for.

Cash makes government tracking of your purchases difficult.

Despite the propaganda a cashless society is not intended for your benefit.

Like we have said before: keep your money out of banks and use cash.  Besides debt enslavement credit cards (and membership discount cards) are nothing more than devices to data bank your life, then sell info.

The only thing a bank should be used for is a place to store the minimum cash required to function.  Debit cards should be used  to access this cash and nothing else.

Be seeing you

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Want to Know How Much You Spend at the Liquor Store? How Fast did you Drive to Get There? Ask Uncle Sam

Posted by M. C. Fox on April 3, 2012

The DHS, the local cops and your insurance company know or can find out quickly enough if they have a reason. Reasons such as writing this blog post or just reading it. They know how much red meat you eat, what movies you see and what part of town you were in last night.  Shopping club cards, credit and debit cards and OnStar (it is working 24/7 even if you haven’t paid-cut the wires today).  Read the rest of this entry »

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