Every continent is proceeding along the same path to destroy the cash economy, opening the door to a digital currency that can record every financial transaction in a central repository. This is a clear prerequisite for the emergence of Technocracy, resulting in a Scientific Dictatorship.
Fintech & Blockchain
Removing cash from the economy forces everyone to become digitalized whether they like it or not. It destroys the last semblance of anonymity and privacy, allowing the Technocrat banking machine to harvest every monetary transaction in the world. Blockchain will become the perfect medium of ‘preserving’ transactions except that the data will be held by centralized supercomputers.
To a Technocrat, all conceivable problems can only be solved with technology, and if unsuccessful on the first few tries, then throw more technology at it. The UN pledges to eliminate poverty around the world; the answer is to embed sensors to cookstoves to collect blockchain information? People who are treated like livestock will never escape their corrals.
Islam approval and adoption of blockchain technology means that it is accepted to some degree by every people group in the world. Once the central banks determine exactly how their Bitcoin replacement can be rolled out, the world will be ‘captured’ for Technocracy.
China Construction Bank is China’s second largest bank where Technocrats have won the day by creating the world’s first personless bank, run exclusively by robots and AI. Bank employees around the world would do well to take heed.
Technocracy demands total digital control over the entire global economy, and this cannot be achieved until cash has been completely driven out; this war on cash is already evident on every continent in the world, and it not to be taken lightly!
This is a critical connection to see between crypto-currencies, blockchain and Islamic Finance. Sharia compatibility is precisely why the Islamic world has thrown itself into the running to dominate green finance needed to establish Sustainable Development, aka Technocracy, throughout the planet.
In July 2017, Visa announced it would pay restaurant owners $10,000 to go cashless, and that it had other such campaigns as well. Now many more restaurants are making the switch from cash to plastic. The global movement to strip cash out of society is driven by Technocrats who know that Technocracy cannot thrive without data from every purchase.
Sustainable Development, AKA Technocracy, promotes increasing income equality while proclaiming that it will reduce poverty. Taking resources out of the hands of citizens, declining property rights and public-private partnerships only have one outcome: the elite accumulate everything.
India is a fledgling Technocracy and the first national test case of stripping cash out of a major economy. India’s central bank has now extended its Technocrat hegemony by putting the hammer down on crypto-currencies such as Bitcoin.