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.
Fintech & Blockchain
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.
Technocracy depends upon a digital society where every transaction can be tracked and analyzed. Cash prevents such tracking, and thus is being unilaterally removed. There has been no public request or particular need to destroy cash and so far, the public has not resisted the push.
Technocracy and Technocrat bankers would drive all cash out of society in favor of a completely trackable digital system, which would give one more lever for social engineering. This is a global movement, not merely local, and resistance is building on several continents.
As currently created, crypto-currencies are serving a purpose of showing what will not work as digital currency, but at the same time, central major banks are intent on creating a replacement that will work. By nature, Technocrats will use technology to solve all of their problems, and a cashless global economy obviously begs for some sort of digital currency that is accepted by all.
In a rare first, Sweden’s lawmakers are battling Technocrats over cash v. cashlessness. Its central bank, in collusion with national banks have apparently gone too far to fast to strip cash from the banking system. Alarmed lawmakers are now going toe to toe with these bankers to stop them. A cashless society is key to implementing Technocracy, so this will be telling to see who wins this battle.