TN agrees that the Central Banks will adopt a variation of cryptocurrencies that will crush all other forms. The field of Fintech (Financial Technology) has already been declared to be the financial enabler for Sustainable Development, aka Technocracy.
Fintech & Blockchain
Cashless society is a Technocrat initiative to force people into the digital world. Even if forced cash withdrawal is meeting with resistance, it doesn’t mean that people will not be voluntarily abandoning cash over time.
For years, Riksbank led the charge for cashless society in Europe, which was part of the Utopian dream of total control. Now, it has done a complete u-turn, saying that cash must be re-instituted throughout the nation. This is the first evidence that some sectors in Europe are pushing back against Technocracy.
Fintech is the financing model for Sustainable Development, using blockchain, digital currency, digital payment systems, and ubiquitous tracking of every conceivable transaction to be analyzed by Artificial Intelligence. J.P Morgan Chase intends to dominate.
Fintech is the emerging financial system for Sustainable Development, and will permeate every phase and level of the financial world. Further, all nations of the world are embracing Fintech, from China to Europe to the entire Islamic world.
Bloomberg is a consummate Technocrat, dedicated to transforming the world’s economic system into Sustainable Development, aka Technocracy. He was quietly appointed to the UN position to create a capital flow of $100 billion per year, to be invested into Public-Private Partnerships. As always, the smokescreen is climate change.
The cashless lie persists around the world, and especially in the U.S., where forces of Technocracy attempt to force everyone into a digital world, completely destroying what’s left of privacy. Cash is ‘on the ropes’ only because Technocrats want it to be ‘on the ropes’.
The combination of Internet of Things and Fintech powered high-speed wireless communications of 5G will enable Smart Cities function as intended by Technocrat social engineers. Without any one of those three, Smart Cities would be a total flop. Thus, your local action in your own city could potentially have a huge impact on scuttling Technocracy.
When complexity of AI exceeds mans ability to understand how it operates, then the consequences of its use cannot be understood either. Technocrats create because they can, with little regard to security or consequence. The time will come that the plug must be pulled, resetting the entire system back to human control.
Fintech is moving toward removing cash AND cards from the financial system. While your smartphone’s wallet will activate a Chase ATM, they are also working on facial and iris recognition for customer validation, ie, your body will be your identification.