A Fundamental Change
TimeWatch Editorial
May 4, 2016
It is very clear that the global financial system is approaching a period of uncertainty. Perhaps the concept of uncertainty is an understatement since there are many who are already warning of a collapse. It is easy to find the cautionary warnings from so many who are associated with the financial industry, as a matter of fact it is very easy to find some of the wealthy who have made serious adjustments to their investments or even the relocation of their resources. What is seldom mentioned is the movement to a cashless society. For quite some time this has been considered the solution to the myriad of monetary problems facing the globe. It would immediately put an end to the varying exchange rates that impact market transactions on a daily basis. But more importantly it would provide the much needed control mechanisms that would allow for the monitoring and assignment of status of each inhabitant on planet earth.
On May 2, 2016, Matthew Leising wrote an article for the Bloomberg News that reveals that another step has been recorded along the path to a cashless world. Matthew Leising has been a reporter at Bloomberg News since September, 2004. Before coming to Bloomberg he was a staff reporter at the Montclarion, a general interest newspaper in Oakland, California. He's also written for the Financial Times, CBS Marketwatch and the Village Voice, among other publications. The article referred to was entitled:Inside the Secret Meeting Where Wall Street Tested Digital Cash. Listen to his opening remark.
“On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of NASDAQ Inc They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software.” Matthew Leising, Bloomberg News, “Inside the Secret Meeting Where Wall Street Tested Digital Cash”
The building of and experimentation with the blockchain software is intended to produce the kind of controls once heard of only in science fiction. This is no longer the case. It will provide the monitoring systems and absolute control mechanisms of the present and the future. But of course, the introductory argument is that such a transition would immediately reduce criminal activity. On Apr 8, 2016, Sarah Jeong wrote an article in the Atlantic Magazine entitled: How a Cashless Society Could Embolden Big Brother. His article opened with the following paragraph.
“In 2014, Cass Sunstein—one-time “regulatory czar” for the Obama administration—wrote an op-ed advocating for a cashless society, on the grounds that it would reduce street crime. His reasoning? A new study had found an apparent causal relationship between the implementation of the Electronic Benefit Transfer system for welfare benefits, and a drop in crime.” Sarah Jeong, The Atlantic, “How a Cashless Society Could Embolden Big Brother”
So the protection against crime has been put forward as the legitimate motivation for the drastic and universal transition. But this will not cover the real reason behind the coming change. Sarah Jeong continues:
“In a cashless society, the cash has been converted into numbers, into signals, into electronic currents. In short: Information replaces cash. Information is lightning-quick. It crosses cities, states, and national borders in the twinkle of an eye. It passes through many kinds of devices, flowing from phone to phone, and computer to computer, rather than being sealed away in those silent marble temples we used to call banks. Information never jangles uncomfortably in your pocket. But wherever information gathers and flows, two predators follow closely behind it: censorship and surveillance. The case of digital money is no exception. Where money becomes a series of signals, it can be censored; where money becomes information, it will inform on you.” Sarah Jeong, The Atlantic, “How a Cashless Society Could Embolden Big Brother
Ultimately then, the final result of the cashless society will mean the elimination of private transactions of any kind. The introduction of punishment and reward will then complete the manipulation of all financial activity, ushering in a coercively monitored environment across the planet. The goal of the masters will then have been accomplished and the enslavement of the masses will be introduced upon a scale not yet experienced throughout history. The ability to buy or sell will be allowed only if there is the accompanying compliance to the instruction of the second beast of Revelation 13.
Cameron A. Bowen
