Obviously, the ever-increasing realization that ALL the
world’s fiat, debt-based currencies are becoming worthless
(non-convertible),
world’s fiat, debt-based currencies are becoming worthless
(non-convertible),
the International Banking Cartel (IBC) MUST prevent ‘bank
runs’ where intelligent people react wanting their money BEFORE
these
runs’ where intelligent people react wanting their money BEFORE
these
criminal institutions close their doors prior to
bankruptcy/liquidation. Primarily the reason why BRICS are incessantly vilified
by MSM.
bankruptcy/liquidation. Primarily the reason why BRICS are incessantly vilified
by MSM.
A New
Digital Cash System Was Just Unveiled at a
Digital Cash System Was Just Unveiled at a
Secret
Meeting for Bankers in New York
Meeting for Bankers in New York
by
Michael Snyder
Michael Snyder
May 2,
2016
2016
Last
month, a “secret meeting” that involved more than 100 executives from some of
the biggest financial institutions in the United States was held in New York
City. During this “secret meeting“, a company known as “Chain” unveiled a
technology that transforms U.S. dollars into “pure digital assets”.
Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity,
Fiserv and Pfizer in the room, and Chain also claims to be partnering with
Capital One, State Street, and First Data. This “revolutionary” technology
is intended to completely change the way that we use money, and it would
represent a major step toward a cashless society. But if this new digital
cash system is going to be so good for society, why was it unveiled during a
secret meeting for [Rothschild-owned] Wall Street bankers? Is there
something more going on here than we are being told?
month, a “secret meeting” that involved more than 100 executives from some of
the biggest financial institutions in the United States was held in New York
City. During this “secret meeting“, a company known as “Chain” unveiled a
technology that transforms U.S. dollars into “pure digital assets”.
Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity,
Fiserv and Pfizer in the room, and Chain also claims to be partnering with
Capital One, State Street, and First Data. This “revolutionary” technology
is intended to completely change the way that we use money, and it would
represent a major step toward a cashless society. But if this new digital
cash system is going to be so good for society, why was it unveiled during a
secret meeting for [Rothschild-owned] Wall Street bankers? Is there
something more going on here than we are being told?
None of
us probably would have ever heard about this secret meeting if it was not for a
report in Bloomberg. The following comes from their article entitled
“Inside the Secret Meeting Where Wall Street Tested Digital Cash“…
us probably would have ever heard about this secret meeting if it was not for a
report in Bloomberg. The following comes from their article entitled
“Inside the Secret Meeting Where Wall Street Tested Digital Cash“…
On a
recent Monday in April, more than 100 executives from some of the world’s
largest financial institutions gathered for a private meeting at the Times
Square office of Nasdaq Inc. They weren’t there to just talk about blockchain,
the new technology some predict will transform finance, but to build and
experiment with the software.
By
the end of the day, they had seen something revolutionary: U.S. dollars
transformed into pure digital assets, able to be used to execute and settle a
trade instantly.
That’s the promise of a blockchain, where the cumbersome and error-prone
system that takes days to move money across town or around the world is
replaced with almost instant certainty.
So it
is not just Michael Snyder from The Economic Collapse
Blog that is referring to this gathering as a “secret
meeting”. This is actually how it was described by Bloomberg. And I
think that there is a very good reason why this meeting was held in secret,
because many in the general public would definitely be alarmed by this giant
step toward a cashless society. Here is more on this new system from
Bloomberg…
is not just Michael Snyder from The Economic Collapse
Blog that is referring to this gathering as a “secret
meeting”. This is actually how it was described by Bloomberg. And I
think that there is a very good reason why this meeting was held in secret,
because many in the general public would definitely be alarmed by this giant
step toward a cashless society. Here is more on this new system from
Bloomberg…
While“Instead
cash in a bank account moves electronically all the time today, there’s a
distinction between that system and what it means to say money is digital.
Electronic payments are really just messages that cash needs to move from one
account to another, and this reconciliation is what adds time to the payments
process. For customers, moving money between accounts can take days as banks
wait for confirmations. Digital dollars, however, are
pre-loaded into a system like a blockchain. From there, they can be swapped
immediately for an asset.
of a record or message being moved, it’s the actual asset,” Ludwin said. “The
payment and the settlement become the same thing.”
Why
this is so alarming is because we are seeing other major moves toward a cashless
system all over the planet. In Sweden, 95 percent of all retail
transactions are already cashless, and ATM machines are being removed by the
hundreds. In Denmark, government officials actually have a stated goal of
“eradicating cash” by the year 2030. And in Norway, the biggest bank in
the country has publicly called for the complete elimination of all
cash.
Other this is so alarming is because we are seeing other major moves toward a cashless
system all over the planet. In Sweden, 95 percent of all retail
transactions are already cashless, and ATM machines are being removed by the
hundreds. In Denmark, government officials actually have a stated goal of
“eradicating cash” by the year 2030. And in Norway, the biggest bank in
the country has publicly called for the complete elimination of all
cash.
nations in Europe have already banned cash transactions over a certain amount.
Here are just a couple of examples…
As ILittle
have written about previously, cash transactions of more than 2,500 euros have
already been banned in Spain, and France and Italy have both banned all cash
transactions of more than 1,000 euros.
by little, cash is being eradicated, and what we have seen so far is just the
beginning. 417 billion cashless transactions were conducted in 2014, and the
final number for 2015 is projected to be much higher.
The
global push toward a cashless society is only going to intensify, because banks
and governments both tend to really like the idea of such a system.
Banks global push toward a cashless society is only going to intensify, because banks
and governments both tend to really like the idea of such a system.
really like the concept of a cashless society because it would force everyone to
be their customers. There would be no more hiding cash in a mattress at
home or trying to pay all of your bills with paper money. Under a cashless
system, we would all be dependent on the banks, and they would make lots of
money whenever we swiped our cards or our “chips” were scanned.
Governments
see a lot of advantages in a cashless society as well. They tell us that
they would be able to crack down on drug dealers, tax evaders, terrorists and
money launderers, but the truth is that it would enable them to watch, track,
monitor and control virtually all of our financial transactions. Our lives
would become open books to the government, and financial privacy would be a
thing of the past.
see a lot of advantages in a cashless society as well. They tell us that
they would be able to crack down on drug dealers, tax evaders, terrorists and
money launderers, but the truth is that it would enable them to watch, track,
monitor and control virtually all of our financial transactions. Our lives
would become open books to the government, and financial privacy would be a
thing of the past.
In
addition, the potential [sic] for tyranny would be absolutely off the
charts.
addition, the potential [sic] for tyranny would be absolutely off the
charts.
Just
imagine a world where the government could serve as the gatekeeper for who is
allowed to use the cashless system and who is not. They could require that
we all submit to some sort of government-issued form of identification before
being permitted to operate within the system, or it is even conceivable that a
loyalty oath would be required.
Of imagine a world where the government could serve as the gatekeeper for who is
allowed to use the cashless system and who is not. They could require that
we all submit to some sort of government-issued form of identification before
being permitted to operate within the system, or it is even conceivable that a
loyalty oath would be required.
course if you did not submit to their demands, you could not buy, sell, open a
bank account or get a job without access to the cashless system.
Hopefully
people can understand where this is going. Paper money is a very important
component of our freedom, and if it is taken away from us that will open the
door for all sorts of abuse.
people can understand where this is going. Paper money is a very important
component of our freedom, and if it is taken away from us that will open the
door for all sorts of abuse.
Even
now, cash is slowly being “criminalized” in America. For example, if cash
is used to pay for a hotel room that is considered by federal authorities to be
“suspicious activity” that should be reported to the government. Of course
it isn’t against the law to pay your hotel bill in cash just yet, but according
to the government it is something that “terrorists” do so it needs to be closely
watched.
now, cash is slowly being “criminalized” in America. For example, if cash
is used to pay for a hotel room that is considered by federal authorities to be
“suspicious activity” that should be reported to the government. Of course
it isn’t against the law to pay your hotel bill in cash just yet, but according
to the government it is something that “terrorists” do so it needs to be closely
watched.
It
doesn’t take a whole lot of imagination to see where all of this is going.
And for those of us that understand what time it is, this is a clear indication
that it is getting late in the game.
doesn’t take a whole lot of imagination to see where all of this is going.
And for those of us that understand what time it is, this is a clear indication
that it is getting late in the game.
*About the author: Michael Snyder is the
founder and publisher of The Economic Collapse Blog. Michael’s controversial new
book about Bible prophecy entitled “The Rapture Verdict” is available in
paperback and for the Kindle on Amazon.com.*
founder and publisher of The Economic Collapse Blog. Michael’s controversial new
book about Bible prophecy entitled “The Rapture Verdict” is available in
paperback and for the Kindle on Amazon.com.*
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