Both Italy and Sweden Aiming to Be Cashless Societies

[Katmandu]

http://21stcenturywire.com/2012/09/11/sweden-aims-to-be-a-cashless-society/

Both Italy and Sweden Aiming to Be Cashless Societies

Patrick Henningsen
21st Century Wire
Sept 11, 2012

Another 911, and the elites’ dream of a One World Order moves closer to reality. Enter the cashless society, likely to enter via the back door of our society much faster than people think…

This latest report is eerily reminiscent of the recent IBM TV advert which is promoting the use of RFID chips in order to “make checkout lines easier”. Watch this creation from IBM, hoping the make the future into a sexy, paranoid dystopia…
Italy Plans to Ban Any Cash Transactions Over 50 Euros

From Silver Doctors:

You won’t even be able to fill up your car without a credit or debit card in Italy beginning in 2013, as the Italian Council of Ministers has voted to increase the current capital controls banning the use of cash on transactions over €1,000, down to any transaction over €50!

As we stated when Italy first announced capital controls and caps on cash transactions several months ago, expect bans on cash transactions to be coming to a neighborhood near you in the next 2-3 years.

Courtesy Google Translate:

Rome – The technical Rome government wants to limit cash transactions in Italy.

From 2013, citizens may pay amounts in excess of 50 euros only by credit or debit card. That the Council of Ministers decided today.

The measure is intended to reflect the money laundering and black money payments to clamp down. Since July, the government has banned cash transactions over 1,000 euros.

Read more

[steyr_m]

Wow, that's huge. I'm sure the Sheeple won't even make a peep.

[Ponce]

Like I said long ago.......everyone will have a "credit-debit card" where everything that you earn will go there and everything that you spend will come out of there............ "Only silver and gold will give you the freedom of choice"... Ponce

[Katmandu]

And they are doing it in their classical sneaky way. Start small, start slowly, start inconspicuously. Then work the threshold down over time: 50 euros, then 25, then 10, then all cash transactions are banned. Coming to a nation near you, it is just a matter of time.

I have often thought though that if the sheeple in mass do make a peep, or better yet a roar, that it can stop actions like these in their tracks.

[Mouse]

666

[palani]

Hope they like bi-metalism.

[Uncle Salty]

Hope they like bi-metalism.

I hope the metals float cuz a fixed exchange rate sucks.

[Uncle Salty]

Italy and Sweden are fucked.

[Ponce]

Well uncle, they are the first two dominos to fall in the longggggggg line of dominos ....... and this is the first of many chages to be made by the power to be in order to control us........"We either fight as free men, or die as slaves"... Ponce

[joboo]

How is this even possible?

Everyone, and their dog has to have a credit card machine on them. What do you do at a garage sale?

How do you know if the card is legit? How do you sell anything you already own?

[Ponce]

jaboo?, even a lemonade stand now needs a permit and part of that permit will be a credit-debit card machine......in Japan now they touch a Coke or candy machine with their phones and the deal is done........what I believe that will happen in the US?, they will change the dollar and will allowed you to keep the cash that you have......but......as soon as you buy something at the store the store will turn it in at the bank where it will go into the Twilight Zone......I am lucky to say that if they were to do it that way I'll be able tu survive for a long time......and specially with my loose change, in nickels alone I now have around $12,000 worth in bricks or loose change...........the penies, dimes and quarters? well, I feel sorry for the one that will have to count it if I were to die before spending it........that's what you call SECURITY hahahahahahaha.

[Sparky]

How is this even possible?

Everyone, and their dog has to have a credit card machine on them. What do you do at a garage sale?

How do you know if the card is legit? How do you sell anything you already own?

You see something you like at a garage sale, you hold your phone up against the seller's phone, you speak out a price, the seller speaks a security code to accept the transaction, a green light flashes to indicate that you have sufficient funds in your account. Done.

[joboo]

Forcing people to buy, and maintain, a technology product in order to function. Hmm, not sure about that one.

Viruses can literally wipe people out of their cash. Having to keep batteries charged, or it could be a pretty serious problem.

I think there will be a huge mistrust, and underlying resentment in it, and people will find a way to circumvent it.

[Sparky]

I didn't say it was a good idea. But with each passing generation, there's less and less concern about forced technology requirements and digital trust. Most people under 35 are already fully committed to devices and despise cash. It will be an easy sell.

[Dogman]

I didn't say it was a good idea. But with each passing generation, there's less and less concern about forced technology requirements and digital trust. Most people under 35 are already fully committed to devices and despise cash. It will be an easy sell.
This is absolutely true! Not sure of the despising cash, but given time and the way technology is heading, I can see cash being slowly phased out. Cashier's would not have to worry about making change. One swipe and it is done.

[Katmandu]

Forcing people to buy, and maintain, a technology product in order to function. Hmm, not sure about that one.

Viruses can literally wipe people out of their cash. Having to keep batteries charged, or it could be a pretty serious problem.

I think there will be a huge mistrust, and underlying resentment in it, and people will find a way to circumvent it.

TMFTB (kudos to whoever coined that acronym) don't have to get everyone involved. Only the majority needs to accept it. And what is the statistic about the percentage of the population that now live in a metropolis/city? Something like 80%. Probably the great majority of that 80% will have the technology necessary to implement their scheme.

TMFTB won't care too much about the few percent that choose to use cash amongst themselves or barter, as long as they can get the greater majority to accept it and push it down the direction that they desire. Eventually they will figure out a way to affect the few percent somehow.

[Mouse]

TMFTB (kudos to whoever coined that acronym) don't have to get everyone involved. Only the majority needs to accept it. And what is the statistic about the percentage of the population that now live in a metropolis/city? Something like 80%. Probably the great majority of that 80% will have the technology necessary to implement their scheme.

TMFTB won't care too much about the few percent that choose to use cash amongst themselves or barter, as long as they can get the greater majority to accept it and push it down the direction that they desire. Eventually they will figure out a way to affect the few percent somehow.

The few percent will be hunted down and killed, or will waste of lack of resources. This is serious shit.

[joboo]

I didn't say it was a good idea. But with each passing generation, there's less and less concern about forced technology requirements and digital trust. Most people under 35 are already fully committed to devices and despise cash. It will be an easy sell.

I dunno, I think there's always the simplicity of an inanimate object that will always persist.

I think Sweden or Norway just released a study proving an undeniable link of cell phone use and brain tumors. 290% increased risk (after only 10 years mind you), and the tumors are being found on the side the cell phone is held.

They will try but something like this will fail imo. There's a complication lurking around every corner. Add to that the younger generations are, in general, a lot more awake.

[Twisted Titan]

The underground economy in both those nations just exploded 60% to the upside

The more you try to control something totally........the more ingenious you make the people that escape it.

[joboo]

The underground economy in both those nations just exploded 60% to the upside

The more you try to control something totally........the more ingenious you make the people that escape it.



Kinda like how talking about gun control only increases gun sales...lol.

[Twisted Titan]

Kinda like how talking about gun control only increases gun sales...lol.

Locked and Loaded: Guess Which Industry Is Thriving While Everyone Else Teeters on the Edge of Failure


As consumer retail giants like Best Buy, which saw a 90% decline in net income in the second quarter of 2012, struggle for survival amid the worst economic crisis to hit the globe since the Great Depression of the 1930′s, there’s one industry that’s not only maintained its growth, but is showing record profits month after month.

This is no doubt a terrifying trend for those who’d prefer to “hug it out” with mass shooters or violent criminals in modern day domestic war zones like Chicago, Illinois (http://www.shtfplan.com/headline-news/domestic-warzone-like-tribal-warfare-in-iraq-cops-outnumbered-500-to-1_07122012). For the rest of us, however, it’s a no brainer considering the rising tide of crime, the potential for an economic collapse that drives society to chaos, and a political climate that would like nothing more than to see Americans be forced into defending themselves with sticks and stones.


A large number of Americans see what’s coming, and they’re taking their personal safety and protection into their own hands, as evidenced by the following chart showing gun manufacturer Smith and Wesson’s quarterly revenue growth:

http://shtfplan.com/wp-content/uploads/2012/09/smithwess.png

When the final bubble does pop (and here we make the wild assumption that no intelligent extraterrestrial life will be found to bail out the central banks in time), at least everyone will be locked and loaded. (Via Zero Hedge (http://www.zerohedge.com/))
Year over year Smith and Wesson has seen growth of 48% (a number that must have left Solyndra executives and the Obama administration bewildered), and they are showing no signs of a slow-down. Likewise, other gun manufacturers are seeing record growth – and backlogs – as Ruger recently had to suspend new firearms orders (http://www.shtfplan.com/emergency-preparedness/overwhelming-demand-ruger-suspends-all-new-firearms-orders-incoming-order-rate-exceeds-our-capacity-to-rapidly-fulfill-these-orders_03222012) citing “overwhelming demand.”
As was previously noted, over 10 million guns were sold in the United States in 2011 (http://www.shtfplan.com/headline-news/the-right-to-bear-arms-over-10800000-guns-sold-in-the-usa-in-2011_01212012), and 2012 is is going to be even bigger – something that should scare the crap out of anyone who’d ever think to invade or enslave the free people of the United States.
Violent criminals out there should take note – law abiding Americans aren’t going to sit back and take this lying down anymore.

[Skirnir_]

I predict many autos will be 'sold' for €49,99

[Katmandu]

Vermont Store Bans Pennies
http://sgtreport.com/2012/09/vermont-store-bans-pennies/

[SgtReport Ed. Note: Early in our country's history, the US Dollar had enough value to compel the US Mint to produce a half-cent denomination, which was a copper coin a little smaller than today's quarters. Stories like this illustrate the steady devaluation of our currency. First we lose our pennies, then we lose the nickel, then the dime, then the...]

by Abby Ellin, ABC

What’s a penny worth these days? At Power Play Sports, a sporting goods shop in Morrisville, Vermont, not much.

That’s because on September 1, owner Caleb Magoon, 29, stopped dispensing pennies when giving change. While the store will still accept the “outdated, outmoded, overpriced nuisance of coinage” from customers, “We’re not actively using them,” said Magoon.

Instead, the company will round up to the nearest nickel in the customer’s favor. So, if your anticipated change on a purchase is $1.26, the store will give you $1.30 in return.

His reasons range from the micro–”I’m a small business with a few employees and we all work really hard and it’s just one more thing to deal with”–to the macro.“I think pennies are unnecessary on a larger scale,” he said.

Read More @ ABC News
http://abcnews.go.com/blogs/business/2012/09/vermont-store-bans-pennies/

[Katmandu]

Wow, that's huge. I'm sure the Sheeple won't even make a peep.

On another front, it looks like the Chinese (Hong Kong) sheeple are peeping while the American sheeple are not:

Hong Kong citizens protest against government brainwashing while American citizens embrace Communist ideals
http://www.naturalnews.com/037196_Hong_Kong_government_brainwashing_public_ed ucation.html#ixzz26XpcAs1Q

[StreetsOfGold]

Vermont Store Bans Pennies
http://sgtreport.com/2012/09/vermont-store-bans-pennies/

[SgtReport Ed. Note: Early in our country's history, the US Dollar had enough value to compel the US Mint to produce a half-cent denomination, which was a copper coin a little smaller than today's quarters. Stories like this illustrate the steady devaluation of our currency. First we lose our pennies, then we lose the nickel, then the dime, then the...]

by Abby Ellin, ABC

What’s a penny worth these days? At Power Play Sports, a sporting goods shop in Morrisville, Vermont, not much.

That’s because on September 1, owner Caleb Magoon, 29, stopped dispensing pennies when giving change. While the store will still accept the “outdated, outmoded, overpriced nuisance of coinage” from customers, “We’re not actively using them,” said Magoon.

Instead, the company will round up to the nearest nickel in the customer’s favor. So, if your anticipated change on a purchase is $1.26, the store will give you $1.30 in return.

His reasons range from the micro–”I’m a small business with a few employees and we all work really hard and it’s just one more thing to deal with”–to the macro.“I think pennies are unnecessary on a larger scale,” he said.

Read More @ ABC News
http://abcnews.go.com/blogs/business/2012/09/vermont-store-bans-pennies/

That ain't nothing. I needed a new Muffler and the quote was 80 dollars with installation. When doing the transaction it came out to 83+ change. I handed them a 100 dollar bill and was given a 20 dollar bill back. I asked about the 3+change difference and they said we don't have the change, keep it and don't worry about it.
Ahh the advantages of cash

[Katmandu]

That ain't nothing. I needed a new Muffler and the quote was 80 dollars with installation. When doing the transaction it came out to 83+ change. I handed them a 100 dollar bill and was given a 20 dollar bill back. I asked about the 3+change difference and they said we don't have the change, keep it and don't worry about it.
Ahh the advantages of cash

It's not the penny that really matters here. It's that it STARTS with a penny, then a nickel, then a dime, then $1, $5, $10, then no cash at all. Sure the mom and pop stores will hold out for cash transactions as long as possible (more power to them), but the tricklings of the cashless society are underway.

[Katmandu]

The key: Don't participate in this junk.

--------------------------------------


http://21stcenturywire.com/2012/11/29/the-cashless-society-is-almost-here-and-with-some-very-sinister-implications/



The Cashless Society is Almost Here – And With Some Very Sinister Implications
Patrick Henningsen
21st Century Wire

Among the long list of items bundled by consensus reality merchants under the banner of ‘conspiracy theory’, is a world without cash – where technocrats rule over the populace, and everything and anything is exchanged via plastic and RFID chips.

In this sterile and controlled Orwellian hi-tech society, the idea of cash being passed from hand to hand would be as archaic as the thought of carrying around a rucksack of tally sticks today.

Still, despite the incredible penetration of credit and debit card transactions into economic aggregate, and the boom in internet shopping, few will comfortably admit that a cashless society is nearly upon us. In part, it’s a natural denial by many fueled by the idea of our society is indeed on a collision course with the sort of dystopic impersonal future like that depicted in the 1970′s sci-fi film classic, ‘Logan’s Run’.

Cashless money is here, and growing rapidly.

Over the years, futurists and commentators alike seemed to agree that a cashless society would be a slow creep, and cash would automatically phase itself in simply by virtue of the sheer volume of electronic transactions that would gradually make paper less available and more costly to redeem and exchange. This is still true for the most part. What few counted on, however, was how the final push would take place, and why. Some will be surprised by these new emerging mechanisms, and the political and sinister implications they will ultimately lead to.

What’s the time frame on all this? Difficult to say, but what is certain is that the initial phases are already in motion…

Introduction of Parallel Currencies

There has been a lot made about the ‘cashless society’ in media, but this cannot fully happen until there is a cashless currency.

Every revolution needs a good crisis in order to germinate its seed. The cashless revolution is no different. It should be abundantly clear by now that the global financial meltdown has been engineered at every juncture of its unfolding by the very private central banks who expand and contract the money supply. A dollar or euro collapse will trigger a global economic crisis, which is a prime opportunity to introduce the next phase.

In the summer of 2012, at the height of the European Central Bank (ECB) ritualistic raping of the Greek economy, financial expert Max Keiser, alongside Mexican billionaire Hugo Salinas Price, traveled to Athens to promote the idea of a silver Drachma as a parallel currency to the ever-failing euro. In theory and in practice, this parallel currency was ‘sound money’ for individual Greeks and would allow them to retain some say in their financial destiny, and also allow them to accumulate real wealth. It should have caught on. But this great idea did not go down well with media moguls and technocratic elites loyal to their overlords in the ECB, Wall Street and the City of London. Still, too many people remain unaware of how money is created, entered into circulation and how their private central banks control inflation, and Greece is no different.

Watch this clip from Greek television:

The US dollar is pure fiat, but it does have a theoretical backer. It is an oil-backed currency – and for better of for worse, it’s on its way to losing its long-lived status as the world’s reserve currency. There are signals that China is moving towards a gold-backed currency and has already agreed to buy the majority of its oil supply from Russia off of the US dollar peg. This could mean two things: the US could be forced to fight a war to maintain dollar supremacy, or the dollar will begin to drop as the top dog. This shift will open up a window of opportunity for money masters to insert not only a brand new global currency, but also its universal cashless attributes as well.

Common sense and free market wisdom would expect to see a sound money option replace the current fiat disaster, but as we saw in Greece, a great solution was not taken up and straddled with the dysfunctional euro, that society will continue to pay the cost of that reality.

The euro crisis was a great opportunity to throw out the euro in favour of something that could create wealth, rather than debt. As the fiat currencies continue to slide downhill, globalist are preparing their solution behind closed doors.

Enter the Cashless Currency…

It’s arguable that we approaching the cusp of that US Dollar collapse, and perhaps a Euro implosion on the back end of it. Risks of hyper inflation are very real here, but if you control the money supply might already have a ready-made solution waiting in the wings, you will not be worrying about the rift, only waiting for the chaos to ensue so as to maximise your own booty from the crisis.

Many believed that the global currency would be the SDR unit, aka Special Drawing Rights, implemented in 2001 as a supplementary foreign exchange reserve asset maintained by the International Monetary Fund (IMF). SDRs were not considered a full-fledged currency, but rather a claim to currency held by IMF member countries for which they may be exchanged for dollars, euros, yen or other central bankers’ fiat notes.

With the SDR confined to the upper tier of the international money launderette, a new product is still needed to dovetail with designs of a global cashless society.

Two new parallel currencies are currently being used exclusively within the electronic, or cashless domain – Bitcoin and Ven.

Among the many worries Ben Bernanke listed in his speech at the New York Economic Club last week was the emergence of Bitcoin. But don’t believe for a second that these digital parallel currencies are not being watched over and even steered by the money masters. Couple this latest trend with done deals by most of the world’s largest mobile networks this month to allow people to pay via a mobile ‘wallet’, and you now have the initial enabler for a new global electronic currency.

These new parallel cashless currencies could very quickly end up in pole position for supremacy when the old fiat notes fade away as a result of the next planned economic dollar and euro crisis.

Both Bitcoin and Ven appear on their surface to be independent parallel digital money systems, but the reality is much different. In April 2011, Ven announced the first commodity trade priced in Ven for gold production between Europe and South America. Both of these so-called ‘digital alternatives’ are being backed and promoted through some of the world’s biggest and most long-standing corporate dynasties, including Rothschild owned Reuters as an example, which should be of interest to any activist who believes that a digitally controlled global currency is a dangerous path to tread down.

The Electronic Deutsche Mark

Much is made of Germany’s prominent financial position within the EU, with a popular talking point being that, “Germany is carrying the majority of the load in ‘bailing out’ countries such as Greece in the south”. If the Euro is ‘heading south’ as many a financial commentator are claiming, then how would a country like Germany – or even the US Federal Reserve for that matter, hedge their bets with an impending currency collapse looming just over the horizon?

Economics professor Miles Kimball from the University of Michigan thinks he knows the answer:

“In short, for a smooth transition, a reintroduced mark needs to be an electronic mark. I recently made the case for the electronic dollar in a previous Quartz column, “E-Money: How paper currency is holding the US recovery back.” The trouble with paper money is that the rate of interest people earn on holding paper money puts a floor on the interest rate they are willing to accept in doing any other lending. For the US, I proposed making the electronic dollar the “unit of account” or economic yardstick for prices and other economic values, and having the Federal Reserve control the exchange rate between electronic dollars and paper dollars to make paper dollars gradually fall in value relative to electronic dollars during periods of time when the Fed wants room to make the interest rate negative.

In the case of Germany, there would be no need to reintroduce a paper mark along with the electronic mark, since the euro itself could continue in its current role as a “medium of exchange” for making purchases in Germany, alongside the electronic mark. A “crawling peg” exchange rate could be used to let the electronic mark gradually go up in value relative to the euro, without causing a huge rush into the mark, since with no paper mark other than the euro itself, interest rates in Germany could be close to zero when measured in euros, which would make them strongly negative in terms of marks.”

A dollar or euro crash could be the perfect storm for the introduction of a major global digital currencies, and this will do nothing but fast-track our entry into the new cashless society.

Contactless Payments

This past year’s Summer Olympic was a beta testing exercise for a number of new programs. We witnessed troops deployed en mass for the first time to marshal the international sporting event and new facial recognition technology tested to monitor its attendees. One of the chief sponsors of London 2012 Olympic was VISA, used the event as a springboard to launch its new ‘contactless payment’ technology, acclimatising the international public to making routine payments via smartphones. VISA now predicts that this new method will carry 50 per cent of its transaction volume by the year 2020.

Mastercard has also rolled out its own version called Paypass, and Barclaycard has already implemented its own mobile phone payment chip in 2011. It conceivable here, that a bank like Barclays could one day takeover a major mobile service provider in order to streamline the endless profits it could accrue from monopolising cashless payment facilities for its customers. A recent edition of Marketing Week further explains how this is program is being rolled out:

“Barclays launched Pingit this year, a mobile payment service that allows customers to send and receive money with a mobile phone number, which has sparked The Payments Council to work on a similar project. And the three leading mobile operators in the UK – EE, Vodafone and O2 – are working on a joint project under the name Weve, one of the aims of which is to develop standardised technology for ‘digital wallets’ on mobile.

These industry innovations reflect the changing attitude and behaviour by consumers to cashless payments. Barry Clark, account director at Future Foundation, which identified the trend towards a cashless society in its recent report into the changing face of payments, explains that this move towards digital is a “banking nirvana” for brands, since replacing cash with electronic payments takes high costs out of the system.”

These mobile enablers will effectively cover the small services and contractor’s market for the cashless society. In addition, digital payment terminals like iZettle and Square (created by Twitter co-founder Jack Dorsey), have brought in most small traders, including taxi drivers, plumbers etc, and street side retailers – meaning that the barrier for entry into the new cashless society has been effectively dissolved.

The Socialist ‘Oyster’

The darker aspect of a cashless society, is one which few are debating or discussing, but is actually the most pivotal in terms of scial engineering and transforming communities and societies. In London, the electronic touch payment Oyster Card was introduced in 2003, initially for public transport, and since that time the card has been co-opted to be used for other functions, as the UK beta tests the idea of an all-in-one cashless lifestyle solution.

Ironically, and alongside biometric chipping now in India, it’s the United States, supposedly the birthplace of modern capitalism, who is beta testing its own socialist technocracy. As the ranks of the poor and unemployed grow and dollar inflation rises in America, more and more people are dependent on traditional ‘Food Stamp’ entitlements in order to feed their families. The US has now introduced its own socialist ‘Oyster’ to replace the old Food Stamp program. It’s called the ‘EBT’, which stands for “Electronic Benefit Transfer“, as a means of transferring money from the central government to people living below the poverty line. Advocate Mike Adams for Natural News describes it another way:

“EBT benefits have more than doubled during the Obama administration’s last four years, creating tens of millions of new dependents who now vote based almost entirely on who gives them the most handouts.

The purchase of vitamins is specifically prohibited by the EBT program. This is done as a way to keep EBT recipients sick and diseased while suffering from nutritional deficiencies, which is precisely what the federal government wants.

EBT cards create high-profit handouts to corporations, too: Pharmaceutical companies and the sick-care industry; Big Government which gets re-elected based on entitlement handouts; global banks which earn a percentage off every swipe; and even the processed junk food industry which preys upon nutritional ignorance of the poor.

In fact, for every dollar’s worth of food handed out to EBT recipients under the program, at least 50 cents is driven right into the profit coffers of wealthy corporations.”

Adams has pointed out the endgame here. Where collectivist technocrats are concerned, a global digital currency is not only a means for a centrally controlled economy, but also a centrally controlled society. And as Adams also pointed out, they can even control what you eat.

There’s also the small matter of the Verichip, or ‘class 2′ implantable medical devise, an RFID chip already set to be implemented through Obamacare. It will transmit medical records, bank accounts, keyless entry and much more. The technology could be a $100 Trillion industry over the coming decade.

Bottom line: We’ve got a big problem when the state can – and will cut-off your electronic financial lifeline should you fall foul of the system. No negotiations, no gray areas – and definitely no place for a free individual in this type of globalist system.

Social Networks Gradually Supplanting Real Communities

In 2011 Facebook launched its own virtual currency, which was taken up immediately by the games developer industry. Facebook created it’s own internal digital market overnight. If customers didn’t like it, they had two choices – jump ship, or stay in the biggest market place. That’s a lot of power to wield, and you can wield it if you have the big numbers.

A severe lack of choice in the world of online communities has unwittingly(or not) positioned Facebook to play the roles of not only data collector, but also as banker, retailer, archivist and governor.

As 2012 comes to a close, many people have certainly become, in one way or another, sans border citizens of the Facebook Nation. In the future, one corporation or cartel’s success in capturing a near global monopoly of membership to a particular online platform might give it the ability to dictate a digital economic mandate to both producers and consumer.

The digital data industry now claims in a recent study by fast.MAP, that consumer confidence in sharing personal information has risen. But the reality is that most people do not know which data is being used and to who it is being shared or sold to. Most users are unknowingly trading “access” to networks, as well convenient speed of registration – for data privacy. We do this on a daily basis now.

It’s a question of speculation at this point how deeply the new digital currencies will be integrated into social networking giants like Facebook, or Second Life - where users are already buying virtual property with virtual currency, but few can deny that the potential for consolidation in the early 21st century is already there.

History Will Repeat Itself

Whenever the status quo is seen as a failure, the architects of society will rarely allow the whole show to come to a grinding halt, for fear that new and non-centrally controlled organic systems of organisation will emerge. The ruling establishment will spare no opportunity to tell society this, over and over, making people truly believe that it is in their best interest to adopt whatever alternative is handed down to them. This is why, when faced with a crisis, society will almost always seek to implement a parallel alternatives, rather than rethink the whole system.

In 2008, the public had an opportunity to collapse the predatory banking system that has been trading insolvent and gambling on thin air. But the very same ruling establishment who engineered the crisis to begin with, masterfully presented their own solution as the remedy by establishing the precedent of the state bailing out any gambling losses incurred by the banking community.

In the end society relented, and with help of pro-banking political leadership on both sides of the Atlantic, they adopted the pre-packaged belief that a cluster of bloated and corrupt financial institutions were simply too big to fail. Aside from being a massive redistribution of wealth upwards into the hands of the speculative elite classes, this was merely a test by the establishment to see how far they could go in robbing the public, pushing up inflation, hoovering up real assets, robbing pension funds and enslaving taxpayers to generations of debt the bankers created – all in one swoop.

It has long been the dream of collectivists and technocratic elites to eliminate the semi-unregulated cash economy and black markets in order to maximise taxation and to fully control markets. If the cashless society is ushered in, they will have near complete control over the lives of individual people.

The financial collapse which began in 2007-2008 was merely the opening gambit of the elite criminal class, a mere warm-up for things to come. With the next collapse we may see a centrally controlled global digital currency gaining its final foothold.

The cashless society is already here. The question now is – how far will society allow it to penetrate and completely control each and every aspect of their day to day lives?

[Serpo]

Basically they cant afford to even print money anymore

[kiffertom]

This is absolutely true! Not sure of the despising cash, but given time and the way technology is heading, I can see cash being slowly phased out. Cashier's would not have to worry about making change. One swipe and it is done.the bar up the street wold only take cash. as the younger people became of age they had to put in a point of sale machine as the younger ones carry no cash. they are already slaves.

[woodman]

Cahless society? Seems that the only cashless society in modern history was Pol Pot's regime. We all know how that turned out.

[Down1]

Sweden’s War on Cash Runs Into a Wall–and a Heroic Bank
By Joseph Salerno
Thursday, December 27th, 2012
The war on cash in Sweden may be stalling. The anti-cash movement has been vigorously promoted by major Swedish commercial banks as well as the Riksbank, the Swedish central bank. In fact, for three of the four major Swedish banks combined, 530 of their 780 office no longer accept or pay out cash. In the case of the Nordea Bank, 200 of its 300 branches are now cashless, and three-quarters of Swedbank’s branches no longer handle cash. As Peter Borsos, a spokesman for Swedbank, freely admits, his bank is working “actively to reduce the [amount] of cash in society.” The reasons for this push toward a cashless society, of course, have nothing to do with pumping up earnings from bank card fees or, more important, freeing fractional-reserve banks from the constraints of bank runs. No, according to Borsos, the reasons are the environment, cost, and security: ”We ourselves emit 700 tons of carbon dioxide by cash transport. It costs society 11 billion per year. And cash helps robberies everywhere.” Hans Jacobson, head of Nordea Bank, argues similarly: ”Our mission is to make people understand the point of cards, cards are more secure than cash.”

Fortunately, it seems that the Swedish people are not falling for the anti-cash propaganda spewed by private bankers and Riksbank officials and are resisting the trend toward a cashless economy. It is reported that last year the value of cash transactions in Sweden were 99 billion krona which represented only a marginal decrease from ten years ago. And small shops continue to do one-third to one-half of their business in cash. Furthermore a study of bank customers satisfaction released by the Swedish Quality Index in October 2012, indicated that the satisfaction index was pulled down among customers of Swedbank, Nordea and SEB by their policy of eliminating cash transactions at their bank branches. Even more heartening is the fact that Handelsbanken, the largest bank in Sweden, is committed to serving consumers who demand cash. As Kai Jokitulppo, head of private services at Handelsbanken, puts it:

“As long as we know that our customers are asking for cash, it is important that we as a bank [are] providing it. . . . We see places where other banks are taking other decisions, we get customers from them and positive response.”

Fewer then 10 of Handelsbanken’s 461 branches currently do not handle cash and the bank’s goal is to have cash in every branch by the first quarter of 2013.
http://bastiat.mises.org/2012/12/swedens-war-on-cash-runs-into-a-wall-and-a-heroic-bank/