Fintech & Blockchain

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.

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.

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.