A model leading to a cashless system for the one world Govt.

So I was reading William Emdahl's latest over at NEO about what is happening in India with the switch from cash to digital .Of all the places to experiment with this type of control ,India should not be it .

On November 8, 2016 in a surprise televised address, Indian Prime Minister Narenda Modi announced that, within a deadline of days, all Indian currency notes of 500 and 1,000 Rupees must be put in a bank account and exchanged for smaller denomination notes. At today’s exchange rate 1,000 Rs is roughly equal to $15. This would perhaps be equivalent to the US Treasury outlawing all cash notes larger than a $10 bill.

Overnight, Modi’s government de facto outlawed an estimated 86 percent of all cash in circulation by value. People had 50 days to hand in the notes or they become worthless. Yet the government, despite stating it would issue new, more secure 500Rs and 1000Rs bills, had nowhere near the equivalent value of new notes ready for replacement. They say it may take up to a year to print enough, which means confiscation, de facto. Faked opinion polls with slanted questions done only via smart phone apps of which only 17% of the population has access, claimed that “90% of Indians approve” the demonetization.

Yet it’s far worse. India is an underdeveloped country, the largest in the world in population terms with more than 1.3 billion people. By demanding Indians turn in all 500Rs and 1,000Rs bills to banks, Modi is forcing major change in how Indians control their money in a country high on the corruption scale where few trust government let alone private banks, and prefer to deal strictly in cash or hoard gold for value. Nearly half the population, some 600 million Indians, do not hold a bank account and half of those, some 300 million Indians, lack a government identification, necessary to open an account.

When he presented his shock announcement, Modi pitched it in terms of going after India’s black economy. Soon he shifted gears and was praising the benefits of a “cash-less society” to enable Indians to enter the digital age, appealing to younger Indians, savvy in smart phones and digital networks, to convince the older of the benefits of online banking and consuming. The drastic demonetization declaration was planned by Modi and five other inner-circle ministers in complete secrecy. Not even the banks were told before. The question is what is behind, or rather who is behind this drastic form of monetary shock therapy? journal-neo.org...

This is where he looks into the actors and shows that yep the US is your daddy and it will only be a matter of time before this same kind of control will be a chicken come home to roost .

However, a most interesting member of the USAID Project Catalyst together with the Indian Ministry of Finance is something called Better Than Cash Alliance. In point of fact the US-government-finance Project Catalyst grew out of a longer cooperation between USAID, the Washington-based Better Than Cash Alliance and the Indian Ministry of Finance. It appers to be the core public driver pushing the agenda of the global “war on cash.” journal-neo.org...

As Norbert Haering notes, “the status of the dollar as the world’s currency of reference and the dominance of US companies in international finance provide the US government with tremendous power over all participants in the formal non-cash financial system. It can make everybody conform to American law rather than to their local or international rules.” He adds, referring to the recent US Government demand that Germany’s largest bank, Deutsche Bank pay an astonishing and unprecedented $14 billion fine, “Every internationally active bank can be blackmailed by the US government into following their orders, since revoking their license to do business in the US or in dollar basically amounts to shutting them down.” journal-neo.org...

I am starting to think that the release of the Panama papers was more about public consumption to go along with the fix in order to get those bad taz evaders while creating a safer haven right here at home

World’s Biggest Tax Haven You don’t have to be a rocket scientist, a financial wizard or a Meyer Lansky to see a pattern. Washington forces disclosure of secret bank accounts of its citizens or companies abroad, while at the same time lifting control or disclosure inside the United States of private banking accounts. No surprise that such experienced private bankers as London’s Rothschild & Co. have opened offices in Reno Nevada a stone’s throw from Harrah’s and other casinos, and according to Bloomberg, is doing a booming business moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, or Switzerland which are subject to the new OECD international disclosure requirements, into Rothschild-run trusts in Nevada, which are exempt from those disclosure rules.

Rothschild & Co. Director, Andrew Penney noted that as a result, the United States today, “is effectively the biggest tax haven in the world.” Today Nevada, Meyer Lansky’s money laundering project of the 1930’s with established legalized gambling, is becoming the “new Switzerland.” Wyoming and South Dakota are close on the heels. One area where America’s institutions are still world class is in devising complex instruments of financial control, asset theft and cyber warfare. The US War on Cash, combined with the US Treasury and IRS war on offshore banking is their latest model. As Washington’s War on Terror had a sinister, hidden agenda, so too does Washington’s War on Cash. It’s something to be avoided at all costs if we human beings are to retain any vestige of sovereignty or autonomy. It will be interesting to see how vigorously Casino mogul Trump moves to close the US tax haven status. What do you bet he doesn’t? journal-neo.org...

Interesting timing, I had just read Norbert Haering's analysis and assertions that the U.S. was behind India's cashless society project and wasn't surprised that the U.S. had a hand in the mess.

Personally I think we have Larry Summers to blame for much of the digitized cashless society crap. The man is a dangerous tool of the big IT firms and the surveillance state. "Summer is a longtime prominent member of world-government-promoting Council on Foreign Relations (CFR), and the Trilateral Commission, Summers is a former chief economist of the World Bank, former treasury secretary, and a former member of the Steering Committee of the ultra-secret, ultra-powerful Bilderberg Group. Summers is also a member of the secretive and little-known Group of Thirty (G30), the coterie of international bankers and economists that wields enormous influence over the global economy.

Summers has grown immensely wealthy as a result of his “public service,” raking in millions of dollars from Goldman Sachs, JPMorgan Chase, Citigroup, Lehman Brothers, and other Wall Street giants he helped bail out with hundreds of billions of dollars from the American taxpayers. Then there is Summers’ role with the “Harvard Group” in the ransacking of Russia of untold billions during the phony privatization by Boris Yeltsin (under the advisement of Summers’ “Harvard Boys”)." It should be noted that the looting of Russia was a CIA backed operation by H.W. Bush and it is reasonable to assume that Mr. Summers is a tool of the CIA. Summers was invited by the Washington Post to write editorials comparing Donald Trump to Hitler and Mussolini and hypocritically comparing his Presidency to the end of Democracy. Americans need to be aware of the Globalist plots and fight to keep a cash based society if they have any hope of remaing a relatively free people.

So the Indian population have effectively been brought into line with the rest of us, by being forced to use banks as the middle man of our labour's remunerations?

They used a different tactic than they did with most of us, but the banks now have millions more customers that's for sure.

A cashless society is being introduced for sure and I suspect that when the final piece needs to be added, we will be given just as short notice as the Indian citizens.

It's all a bit depressing really isn't it?

I find it utterly amazing that people don't like being spied on and watched but make every transaction with a piece of plastic that logs EVERY purchase and has it on file somewhere.

It doesn't matter what I buy...I don't need the government or some bank or credit card company knowing my every purchase.
Cash money is dangerous to the big picture because it is A LOT harder to keep track of.
A cashless society gives more control....don't worry about the NSA and spy agencies,just keep swiping your card.


We WILL eventually have a cashless society and the people you can blame are the ones swiping their cards right now like morons because "its so easy"

Cash is needed to keep people honest...ok well,as honest as we can keep them.

Use cash.

The use of cash for larger transactions in the UK will have you viewed as a criminal, I went to buy a new car with cash and they said if I went ahead with the transaction and not via bank transfer then the Police are to be notified as suspected money laundering, I kid you not...

So much for customer service..


RA

In order to bring the whole world into a cashless society "they" first have to figure out what needs to be done in the less developed countries to successfully get them under the cashless umbrella.
India is an experiment to find out what it will take to upgrade the digital infrastructure needed to get less developed countries onto the digital money train.
if they can successfully turn India into a cashless society then they will have a blueprint for how to turn other less developed countries into cashless societies.
The more developed countries are already set up for a quick and easy change to cashless societies,all the digital infrastructure,ATM`s card readers at stores etc, is in place.

a reply to: DrumsRfun

Use cash.

Most people are in debt and don't have cash .Its a piece of plastic that gets them from one pay to the next . I have a card but I only use it to take my money (cash) out of the bank . The norm now is instant deposits by a employer into the employees bank account .The automatic transactions from the bank to other services (electric,phone etc.) is par for the course .Swiping the card at the grocery store or liquor store is easier then carrying the cash and risking getting robbed . It has so many +s that many prefer it . India on the other hand with too few banks would probably work as well as Monsanto's seeds .We know how that turned out but for some reason tptb don't care how it effects lives or maybe they do and just needed a test case before rolling it out elsewhere .

I'm not afraid of digital money. That's peanuts. Currency is just a way to conveniently exchange goods/services. They'll move to digital if it's more convenient and secure enough to deter the hackers (or counterfeiters) . That's no different than what they've done for thousands of years.

What I'm more afraid of is the ideology, or the instincts and motives. Abandoning free markets--because of the way people behave--is an example. Democratic socialism has growing popularity. This is more psychological in nature than the kind of currency you use. It can mean not using currency at all. It's far reaching. It determines so many things, like our values.

Automation and whether or not humans can keep up with the pace of advance is a concern to me. If we fail and fall behind the curve, we'll find ourselves increasingly losing tangible (or real) value. And in that process of losing value, ultra progressive things may occur to counter the fall in value. Selfishness is probably one of the big ones. Making your own private money or having your own private property might be frowned on. They might conclude selfish impulses are too inefficient to qualify. By contrast, working with others cooperatively and peacefully could have higher priority.

"Use cash"

Mortgages, investments, car loans, credit cards......

Distance from banks if you live rural makes trips into the bank during working hours hard and then there's the cost of cdn gas 😳

Transferring money to friends and family members by money order (or cheque) with snail mail...when they need it now

At least I'm not needing to transfer large amounts of money illegally gotten, relatively small amounts I wouldn't worry about.

If you want to own your own property, you can't use just cash, you need to build a good credit rating.

It's way, way harder to use just cash....


*there are still ways of declaring illegally gotten gains and paying taxes on them, you just say you're running a different type of business than you are - as long as you're paying your fair share of taxes they don't look into your business (unless it's making you millions)

a reply to: snowspirit

I dont think that the model in the OP is being created for the larger money's . India having The caste system might be a part of the bigger plan . There will always be much more of us then them and we replace ourselves easily but if consider the too big to fail we might get a sense of the model .At least as it pertains to us lower plebs .

U.S. Attorney General Eric H. Holder Jr. told lawmakers that some financial institutions have become “so large” that it makes it “difficult for us to prosecute them.” Holder’s admission bolsters criticisms that federal prosecutors are deeming some banks “too big to jail,” a charge that lawmakers and consumer advocates have routinely made in the wake of recent bank settlements. Although the government has issued record multimillion-dollar fines in these cases, critics say without criminal charges, the agreements amount to a slap on the wrist.

“Stunning” is how Sen. Charles E. Grassley (R-Iowa) described Holder’s remarks before the Senate Judiciary Committee on Wednesday. “After hearing today’s testimony, big bankers know that if they commit financial crimes, they can expect a passive response from the Justice Department.” Holder’s remarks came during an exchange with Grassley, who questioned why Justice failed to bring criminal charges against HSBC and its employees for allegedly laundering money for Mexican drug cartels. The British bank agreed to pay $1.9 billion in December to settle charges raised in a report from the Senate’s Permanent Subcommittee on Investigations. The 340-page report catalogued years of woefully inadequate monitoring practices at HSBC’s affiliate in Mexico, even instances of affiliates circum­venting government safeguards meant to block funding for terrorists. The mounting evidence led some lawmakers to assume criminal charges would be filed, but none were. Although Holder declined to comment specifically on the HSBC case, he said the implications of prosecuting megabanks have given Justice pause.

“It does become difficult for us to prosecute when we are hit with indications that if we do . . . bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” he said. “It has an inhibiting influence, impact on our ability to bring resolutions that I think would be more appropriate.” Holder added that the geo­political implications are a function of the fact that some institutions have become too large. He challenged Congress to do more to address the unwieldy size of financial institutions.

www.washingtonpost.com... utm_term=.2648abf67eb9

a reply to: jonnywhite

I've read your post 3 times and I don't quite understand. Are you saying that a move to cashless will result in less free markets and a rise in Democratic Socialism?

I cant model that. My thought has been that the US will never go cashless because, as the world reserve currency, the US gov't needs to keep the paper because it facilitates its own secret operations such as funding terrorists, buying/selling Afghan heroin, the Black Budget and such. Cash makes these transactions incapable of tracking. Also, by maintaining the US Cash Currency while other countries go cashless, it makes it easier for the dollar to become the World's Cash currency. So, Indians for example, could buy dollars with digital Indian funds. They could then use those dollars in their black markets. In fact, I'd bet that is already happening.

originally posted by: Tardacus
In order to bring the whole world into a cashless society "they" first have to figure out what needs to be done in the less developed countries to successfully get them under the cashless umbrella.

India is an experiment to find out what it will take to upgrade the digital infrastructure needed to get less developed countries onto the digital money train. If they can successfully turn India into a cashless society then they will have a blueprint for how to turn other less developed countries into cashless societies. The more developed countries are already set up for a quick and easy change to cashless societies, all the digital infrastructure, ATM`s card readers at stores etc, is in place.

Nice post, right on point. Right now, India is having a heck of time with their cashless economy.

....the events of November 8 have hurtled India too fast into this vortex of money’s growing intangibility. The controversial move led to an immediate windfall of about 86 per cent of the country’s paper currency, which will take another five to six months to replenish.

In a country where 98 per cent of the transactions occur in cash, such a long waiting period may have crippling consequences for the economy as well as the populace.

Thus, came the Modi government’s move to push for digital transactions and a leap towards building a cashless society. But beyond all the propaganda and politics, no one is looking at the bigger picture.

India’s digital infrastructure is comprehensively inadequate to tackle the growing increase in digital transactions. The average page load time on a mobile connection in India is more than six seconds.

SNIP

According to the latest Akamai report, India is at the 105th position in the world in average internet speed. This rank is still the lowest in the entire Asia-Pacific region. Mobile connectivity is yet to reach more than 50,000 villages, and fibre networks, which offer broadband connections, have only reached 56,000 of the 2.5 lakh gram panchayats targeted by the IT department.

A direct consequence of the slower than average internet speed is on transaction failure rates. India is home to some of the highest online transaction rate failures and the numbers have only risen ever since the demonetisation drive began.

The increased load on online transactions, chiefly through digital wallets has led to more and more transaction failures.

Paytm, the leading mobile wallet in the country has been facing regular outages and issues wherein people are not able to access their wallet balance or not able to successfully complete transactions. The company has been blaming it on server outages and bank downtimes or other technical issues.

www.dailyo.in...

Picking India s a cashless model with it's current behind the times digital infrastructure was a big mistake and is doomed for failure. They might as well have picked a tribal village on the Amazon.

I think the fundamental reason we need to keep cash is it represents freedom. When government controls all transactions electronically they control society. As I understand the OP regarding India, this monetary policy is a western creation developed to aid the government in collecting taxes and enriching the big IT companies who make a percentage off of every transaction. This is just another layer of government mandated fees which the UN Globalists intend to implement on a world wide basis...it will make it easier to collect the carbon tax from all of us based on our home energy usage. If we hear the term monetary reform we need to examine the proposal carefully.

a reply to: the2ofusr1

I notice that you used HSBC as an example of a bank "to big to jail" which I think is a perfect example. HSBC is the CIA owned bank..........

a reply to: WilliamtheResolute

HSBC features within the Braverman files .The covert /covert nature of the NOCK/CIA agents allows a kind of vernier and gives a bit of diplomatic cover .

a reply to: the2ofusr1

Latest Corbett vid on the Indian monetary moves