We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Monday, December 17, 2018

MasterCard, Bill Gates and their “war on cash”

Click here to access article by Norbert Haering from posted on the Real-World Economics Review Blog. (This article is the last section of a complete article entitled "Who is behind the campaign to rid the world of cash?" by Haering from their hard copy of the journal Real-World Economics Review. On my PDF download the article comprises pages 10-13.)

This German economist has been carefully following the project by our financial masters to do away with cash and substitute only digital money which they can entirely control. It also offers the advantages (to them) that they can track your movements by where you spend the money and on what you spend your digital money. Yes, digital money would be far more convenient, but it does come at some costs to your privacy and the control of your own money. When the next time major financial institutions fail again as they did in 2008, they could easily take the money out of our accounts to bail them out. As long as we have ruling classes such abuses will occur. There are a number of reasons we should do away with ruling classes, and this is one more reason. 

The general public seems sound asleep on this issue, and the ruling classes want to keep it that way so that they can slip digital money by you without your being fully aware of the consequences. 
At their industry meetings and in front of financial analysts, banks and card companies like to be bold and explicit about their goal to get rid of cash. However, if the general public is listening, the strategy is one of laying low. The International Monetary Fund (IMF) recommends letting the decline of cash appear to be a gradual and unplanned side-effect of unrelated measures and developments. The fund advises governments to let the private sector go ahead, because direct official action would cause popular resistance. If they did act, governments should start with harmless seeming steps like phasing-out large denomination notes or (initially) generous upper limits for cash payments. While measures against cash should be presented to be unplanned and independent, they should in truth be closely coordinated with the private sector, recommends the IMF-author.
The article goes on to explain that our masters have been advised on some other strategies to keep us passive and quiet about this issue.