China and Russia: Full Steam Ahead Towards a Cashless Society – Rory Hall

 

We reported back in November 2016 – Cashless World: 1 out of 3 People Never Use Cash – fewer and fewer people understand the importance of using cash to protect themselves from an overarching government warlord. At the time, China’s use of digitized currency was growing at about 40% per annum. This means millions of people each year freely hand over their cash and opt to use their cell phone, online currency transfers or a plastic debit/credit card to make 100% of their purchases. We see this as nothing short of happily going into the gulag of digital enslavement.

Greece Unleashes ‘Soft’ Cash Ban

The spread of global cash bans continues with Greece unveiling their so-called ‘soft’ approach by which taxpayers will only be granted tax-allowances or deductions when payments are made via credit or debit cards. As KeepTalkingGreeece reports, the new guidelines refer to employees, pensioners, farmers, and also the unemployed.

In Sweden, a Cash-Free Future Nears

STOCKHOLM — Parishioners text tithes to their churches. Homeless street vendors carry mobile credit-card readers. Even the Abba Museum, despite being a shrine to the 1970s pop group that wrote “Money, Money, Money,” considers cash so last-century that it does not accept bills and coins.

Few places are tilting toward a cashless future as quickly as Sweden, which has become hooked on the convenience of paying by app and plastic.

This tech-savvy country, home to the music streaming service Spotify and the maker of the Candy Crush mobile games, has been lured by the innovations that make digital payments easier. It is also a practical matter, as many of the country’s banks no longer accept or dispense cash.

MasterCard is at war in Canada, and it’s not against who you’d expect

As ex advisor to Ronald Reagan, Martin Armstrong, says: The current goal for major institutions and governments is to eliminate cash. This is how you keep bankruns from happening, plus you’re able to track down every single transaction. It’s an all-out assault on your freedom.

 

TORONTO — In Canada, the biggest rival MasterCard Inc. is working to obliterate, according to its local president Brian Lang, isn’t Visa Inc., American Express Co., Interac Association or Bitcoin dealers. It’s cold, hard cash.

“The benefit of Interac and Visa for me is that we’re competing towards the same goal of a digitally enabled country,” Lang said in a recent telephone interview. “I actually appreciate that (Interac) is advertising right now not to pay with cash and that there’s a much better way, that you can tap or pop in your card.”

Greece crisis: Country on ‘war footing’ as banks days away from collapse

The Greek finance minister has said the country is on ‘war footing’ as money runs so low at the banks that they would collapse within hours were they to open again on Tuesday.

“We are on a war footing in this country,” Yanis Varoufakis said.

Britain moves closer to becoming a cashless society

BRITAIN is using less cash than ever before as the march of electronic and card payments continues.

Notes and coins lost the crown as the most popular form of payments in Britain for the first time last year, according to data from the Payments Council.

Cash accounted for 48 per cent of all payments, including those made by businesses, falling from 52 per cent in 2013.

Holidaymakers warned to take cash to Greece amid financial collapse fears

The Greek tourist board in London said that while it anticipated no immediate problems, visitors should avoid relying solely on credit cards or local ATMs.

Travellers should take “enough money to cover emergencies and any unexpected delays”, the Foreign & Commonwealth Office states. Travel experts recommended taking around three to five days’ worth of spending money in euros, alongside credit and debit cards.

The “War on Cash” Migrates to Switzerland

Banks Increasingly Refuse Cash Withdrawals – Switzerland Joins the Fun

The war on cash is proliferating globally. It appears that the private members of the world’s banking cartels are increasingly joining the fun, even if it means trampling on the rights of their customers.

Yesterday we came across an article at Zerohedge, in which Dr. Salerno of the Mises Institute notes that JP Morgan Chase has apparently joined the “war on cash”, by “restricting the use of cash in selected markets, restricting borrowers from making cash payments on credit cards, mortgages, equity lines and auto loans, as well as prohibiting storage of cash in safe deposit boxes”.

America’s Alice-in-Wonderland Economy

Debt is good, dollar is gold, and stocks only go up—things are getting curiouser and curiouser.

The phrase “mad as a hatter” refers to the 19th-century use of mercuric-nitrate in the making of felt hats. Long-term exposure to mercury caused hatmakers to experience mood swings, tremors and emotional imbalances that made them appear mad.

We live in a world gone mad. Money printing—today’s mercury—has poisoned the whole financial system.

Trusted relationships have broken down. Fundamental truths appear suspect, and economic laws no longer seem to hold true. In America especially, it’s as if the whole economic system fell down a rabbit hole into a world where up is down, debt is good, and people exuberantly celebrate unbirthday parties every day of the year but one.

Sweden: Very handy palm payments system takes off

Cash, cheques, plastic, Paypal – there are already many ways to pay. And now a group of students at Lund University in Sweden have come up with a biometric payment system.

It works by touching the screen with your palm and entering the final four digits of your smartphone number.

Target Hack Was Just the Tip of the Iceberg

There was a startling revelation from Senator Mark Warner. Basically, he admitted that there was more to the hacking of 100-million+ Americans credit cards than meets the eye. Here are some comments from CNBC:

Transcript:  ”In all this, we got a hint yesterday from senator Mark Warner from Virginia who suggested that U.S. Intelligence knows a lot more about this hack attack problem than it can say publicly. Take a listen to Mark Warner yesterday –‘Quite honestly, I think we’re going to see and I know from my role in the intel community this is a crime that happens daily to financial institutions, retailers at a level that frankly, if most Americans realized, I think would find rather confounding.’ So, Warner suggesting there that U.S. Intelligence knows more about this than American consumers do.”

Now, pair this statement regarding Target with comments from General Keith Alexander on 60 Minutes as reported in Forbes: