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.”
Fintech & Blockchain
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.
The BIS is a policy-making central bank to all the central banks of the world, and there is no doubt that it is planning to restructure the entire global financial system (Fintech) to enable the Sustainable Development economic system, aka Technocracy.
Technocrats pushing for a cashless society are seriously conflicted as its flagship experiment in Sweden is coming unravelled. The people in Sweden have spoken, and cash stays.
Finally, the battle line is being drawn against cashless society Technocrats. Cities are enforcing cash as legal tender and banning stores from operating if they refuse to accept cash as payment.
Seoul has morphed into a first-tier Technocracy and intends to become a coveted ‘global city.’ Mayor Park says blockchain will “bring a fundamental change to society” and indeed it will, but citizens will have other thoughts about it.
The Islamic world is committed to leading the world in Fintech, the financing arm of Sustainable Development, because Fintech is Sharia-compliant. This is a back-door opportunity for Sharia to be systemically spread to the whole world.
Not much is written about the secretive BIS, but this article is an exception as it recognizes it as “a bastion of global technocracy.” TN would add that the World Bank and the International Monetary Fund complete the Technocratic troika.