What normal propaganda could not produce by itself, the rumor that physical cash might transmit COVID-19 has literally become a hot potato that no one wants to touch. This is a perfect lead-in for central banks to establish a digital currency to get the economy going again.
Fintech & Blockchain
The war on cash was intensifying before the Great Panic of 2020. Now the full assault is on and it is almost a foregone conclusion that cash will stripped out of the monetary system as central bankers implement a digital form of currency to replace it.
Technocracy calls for tracking all consumption and behavior with “no one left behind.” The only way to accomplish this is by removing cash from the economic system and forcing everyone into a digital system designed to collect and centralize all financial data.
Globalists are taking full advantage of a fearful crisis to promote a cashless world as a way to combat China’s coronavirus. Removing cash from society takes all monetary power away from citizens while giving it to central banks.
TN has documented the headlong rush of Central Banks toward digital/blockchain currency in order to replace physical currencies. This will be the new financial system for Sustainable Development, aka Technocracy.
If data is the new oil of the 21st century, then banks have more than anyone… on your purchases, travels, habits, etc. Now they are figuring out ways to sell your data to the highest bidder, paying you nothing in return.
In Technocracy: The Hard Road to World Order, I wrote, “Cryptocurrency is the futuristic tool of Sustainable Development.” Seoul is proving that crypto is “an essential part of the Smart City toolbox.”
Facebook is making a massive power grab to dominate the global payments system and expects to have over 100 founding members in the consortium before Libra is launched in 2020.
Reality meets globalization in San Francisco, one of the most liberal cities on earth. Retail trade is being hurt by cashless stores, so a new city ordinance will mandate that cash return or stores will lose their business license.
The SDR has been around for 50 years and is structurally incapable of becoming the world’s ‘true global currency’. Thus, this story by a globalist academic and high-ranking UN official is a red herring meant to deflect attention away from Fintech that is expected to finance the Green Economy, aka Sustainable Development and Technocracy.