We recently learned how serious these criminals are about stealing
the sovereignty of every person on planet earth. Actually, most people
are willingly handing over their sovereignty to the banks/government and
have no idea what they are actually doing.
When India ban, made illegal, the 500 and 1000 rupee banknote this
move effected every 1 out of 7 people on planet earth. That means that
every 7th person, anywhere and everywhere, you come in contact with may
have been effected by this cash ban.
Our individual sovereignty is tied directly to our ability to move
freely about. When every step we make is tracked by the bank/government,
our sovereignty is gone forever. Freely trading commerce is one of the
cornerstones of human sovereignty. Without the ability to conduct
business with whom we wish, when we wish, we are nothing more than cattle
to the overlords of the land.
An expat living in Thailand sent me an email last week, at the height of India blowing apart because the idiotic decision by Prime Minister Modi
to eliminate the two most used bank notes in India. The email was to
inform me that Thailand would be implementing a new policy in the early
part of 2017 to completely eliminate coins from circulation. South
Korea has already taken measures to eliminate coins from circulation.
Here is a google translation from the Korean website wikitree.co.kr (once you arrive you will need to translate from Korean language)
From next year, you can get the change of cash that you bought and paid at a convenience store on your transportation card.
In the mid to long term, not only transportation cards but also
remittance to credit cards and accounts will be promoted, and the
industry will be expanded to retail sector such as marts and pharmacies.
The Bank of Korea announced on the 21st [November] that it will
provide a service to charge prepaid transportation cards at convenient
stores from the first half of next year (2017) as the first stage of the
demonstration project to realize “a society without coins”.
What’s happening in Thailand? Well, the government doesn’t even
bother with trying to cover up the “scheme” to move people onto the tax
farm – currency enslavement awaits for all that enter the great Bangkok
Baht giveaway!!!
According to Bangkok.Coconuts.co (published in July 2016):
“Want to win a million baht? Go for e-payment,” says Thailand’s junta, offering a lucky draw as an incentive to use the new online payment scheme
“PromptPay.” The government wants to encourage citizens to use the
service for business, in an effort to bring some of the massive informal
Thai economy onto the books and boost tax revenues.
As Southeast Asian economies struggle and tax income misses budget targets, Thailand’s finance minister is hopeful that a nationwide e-payment scheme can add tax revenue of THB100 billion a year to the coffers.
Finance Minister Apisak Tantivorawong has estimated the move will save banks
and businesses a combined THB75 billion a year, though other
policymakers expect it could take some time for businesses to change
their habits. Cash and checks now make up 80 percent of transactions.
A coup in May 2014 ended months of political unrest, but the generals have struggled to revive Southeast Asia’s second-largest economy as exports and consumption remain weak.
What about the most populace country on the planet: China? Well, they
are, currently, in fourth place in use of digitized currency behind the
U.S., Europe and Brazil. While none of these countries have eliminated
cash from circulation, the banks/government make is sound “trendy”,
convenient and oh so cool to never use cash. Why force a policy
change when you can convince the people to hand over their freewill?
Although China still has some way to go before it catches up with
countries such as the US and Sweden, the speed at which China has made
the shift from cash towards cashless has surprised many.
Non-cash payments have been growing by around 40 per cent a year and last year China moved into 4th place in the world for non-cash payments after the US, Europe and Brazil.
There are many reasons for China’s rapid transition away from cash.
One is urbanisation, as non-cash payments are becoming both easy and
popular. This is especially the case in top-tier cities such as
Shanghai, Shenzhen and Beijing where it is both trendy and convenient to pay without using cash.
There is a huge variety of choices when it comes to making cashless
payments and China UnionPay has definitely helped to encourage this,
particularly in the case of debit cards, which outnumber credit cards in
China by 10 to one. China has more than
4 billion cards on issue – almost enough for each adult to have about three each.
Mobile payments have also taken off in China – it has the largest proportion of people in the world using their mobile phones to make payments, online and physically. Source
The purpose of going cashless is not for our “convenience”, it is
specifically for the purpose of “saving the banks” and tax collections.
Governments and banks could care-less about what is convenient for us.
They are only concerned with how much of our wealth they can extract
from every person who has any currency.
The population of South Korea is 50.22 million people or said another
way about 1/6th the size of the United States. India, on the other
hand, is populated by
1.33 BILLION people while there are 7.4 BILLION populating the world. With
Thailand making moves to remove cash/coins from the people we need to
add their population to the mix as well. With more than 68.22 Million
people this brings the number of people that are being forced by their
government to use digital currency to a whopping 1.45 BILLION people. If
you add 40% of China’s population of 1.35 BILLION that equates to
approximately 540 million people the number of people currently living
within a cashless society breaches 2 Billion people or said another way 1
out of every 3.5 people we come into contact with everyday. Every 4th
person you greet has nothing to do with cash. This does not take in
account the top 3 nations using digitized currency for their
transactions. If the U.S., Europe and Brazil were calculated we would be
well below 1 out of 3 people never using cash for any transaction.
Some people that are reading this are telling themselves “so what?”
those are distant far off lands that have nothing to do with the U.S.
and this will never happen here. Well, not so fast.
Larry Summers, who is like an embedded tick at the Treasury Department of the United States, has called for the elimination of the $100 bill.
With the elimination of the largest denominated bank note from
circulation this would effectively kill the use of cash. Why? Because it
would eliminate most of the total cash value from circulation in
one-fell-swoop.
With $1.2 trillion in cash in circulation, as of July 2013 (now three year old information), not just in the United States but around the world,
removing the $100 bill would deal a serious blow to the cash balance in
circulation. Maybe not the amount of pieces of paper, but the cash
value removed would be huge. Imagine going to a casino and hitting a
blackjack table for $2,000 and the cashier hands you bundles of $50
bills (40) or worse, bundles of $20 bills (100)! $2,000 payout at a
casino is not that a big deal. Having to handle the sheer volume of bank
notes could potentially be a problem for the person receiving the
windfall of paper.
If you have any misguided notion that a cashless society is not
coming, just keep telling yourself that every time you use a debit card,
credit card or your phone for your next purchase. With the elimination
of cash we effectively hand over our individual human sovereignty to the
banks and the government.
 
|
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
|
The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
