Danger: The Deputy Secretary-General, Amina Mohammed, said that “trillions of dollars need to be mobilized a year by tapping into the savings of citizens around the world…” The financing fix for Sustainable Development is revealed: simply take it from citizens’ saving accounts. Actually, if Sustainable Development is completely established in place of Capitalism/Free Enterprise, private property (including savings) will be wiped out anyway.
Fintech & Blockchain
Ken Rogoff concludes that after cash has been stripped out of society, negative interest rates can give every saver a proper ‘haircut’ by charging him to keep money in the bank. But, you can’t take it out when cash is gone. Technocrats will rejoice if people walk into this quicksand.
Islamic finance in the Mideast is emerging as a global leader in financing for Green Economy, or Sustainable Development (aka Technocracy), and its entry into blockchain cryptocurrency is not surprising. Islam and Sustainable Development are compatible on many levels.
The U.S. is quietly clamping down on crypto-currencies, which goes hand-in-hand with the global war on cash. As terrorism is always the target, whatever gets classified as terrorism is an immediate target.
A day of reckoning is approaching for rogue forms of money like digital blockchain currencies, when they run head into the global banking cartel. While the Bitcoins of the world are proving a point, global Technocrats have no intention of releasing their current hold on economic and monetary transformation.
Launched over a year ago, China’s satellite has now demonstrated quantum key distribution to the ground, potentially giving it control over the global communication network. This technology will undoubtedly dovetail with its ambitions to create a dominating global blockchain currency, because it will be “un-hackable”.
China is the purest expression of Technocracy on the planet, so it is little surprise that it is leading in implementing a digital blockchain technology to run its governance operation. Central banks around the world are already studying blockchain technology for ways to gain greater dominance over citizens.
Cash is the only economic check and balance against tyranny; once cash is removed, whoever controls the digital monetary realm, controls everything. Forcing everyone into the digital matrix is a core tenet of Technocracy.
Brandon Smith is one of the first to suggest that the global banking oligarchy appears headed toward a single digital currency that resembles Bitcoin. I fully concur that this is the primary reason for removing physical cash from societies around the world. First, it forces everyone into the digital system and second, it paves the way to convert all the digital currencies into a single currency. Lastly, I fully expect that energy will be the touchstone regulator of the entire system.
The war on cash is global as Central Banks cram it down the throat of their respective client-nations. The contagion is the infamous Bank for International Settlements (BIS) that is the central bank to central banks and the mastermind of global monetary policy. To implement Technocracy (aka Sustainable Development), the global monetary system must be digital and there must be no holdouts. Thus, eliminating cash will force everyone into the banking system 100%. The mantra of ‘no person left behind’ is seen in all United Nations documents that support Sustainable development.