The question is not as to whether the world needs digital currencies, but the comprehension as why digital currencies are condoning and fueling the war on cash. It is all about synchronicity and the hidden hand setting it into motion. Controlling the velocity of money controls time. In this sense, there is absolutely no way we can expect to beat this synchronicity because the more we go along with it, the faster we stand to step into quick sands.
The long-term goal of competition is to eliminate all competition, and we can really see this aftermath approaching in the distance. 4 thousands of years to get where we are, to complete a full loop and get back to square one but this time with the duty to do something about it.
We must understand that blame games will not serve any purpose anymore, because we are in a full-fledged twilight zone. The chances for either the “very good” or “very bad” to manifest are absolutely equal, about the same.
Money is the materialization of control and power, there is a black magic to it attached, embedded in it and spreading the addiction to it, that we only can overcome by distancing ourselves from it.
We got to this point because of the subjectivity of value is being played on populations. The very few making the latter believe that money promotes security and eases whatever hectic lifestyle. That we can get more than what one puts in. Money always makes things appear different from what they truly are, and as a result a rude awakening is now taking shape above the horizon.
More materialism will never be the answer to materialism. Social indoctrination wants us to believe that, but it is rather the opposite, because “authentic knowledge” teaches humility and empathy and the eagerness to propagate enLIGHTenment.
Half of Britain’s bank branches will be ‘closed within five years’ warns former Barclays boss who admits closures are happening faster than expected … He stressed the onslaught of closures in the past decade was happening faster than expected as banks slash costs. Jobs are being axed as more people bank online and office tasks are automated… He told BBC Radio 4’s Today programme: ‘These things get automated and the jobs will go away. Of course, new jobs may be created, but my expectation is there will be many fewer than the ones that are eliminated.’………
2016 | Why Big Government Is Waging War Against Cash….. The ostensible reason is to help in the fight against terrorists, bribers, drug dealers and tax evaders by making it more inconvenient for these bad guys to move around and store their ill-gotten cash…. The real reason for this war on cash–start with the big bills and then work your way down–is an ugly power grab by Big Government. People will have less privacy: Electronic commerce makes it easier for Big Brother to see what we’re doing…https://www.forbes.com/sites/steveforbes/2016/03/01/the-great-cash-grab/#79e44cfb4aed
The academic debate continues unabated. A paper that has recently triggered intense debate is the IMF working paper “The Macroeconomics of De-Cashing,” which was published in March 2017. Its author Alexei Kireyev examines the possible macroeconomic consequences of abolishing cash. His central conclusions are:
- A cashless payment system would make the monetary policy transmission mechanism more efficient, as there would be very little or no cash available anymore. In particular, it would become possible to implement negative interest rates on a broad front, in order to boost consumption.
- Since a decline in cash holdings would go hand in hand with an increase in demand deposits at banks, the banking sector would be able to extend more loans. That would lower the level of interest rates and boost economic growth.
- A sudden increase in the demand for cash is a sign of an imminently impending financial crisis. Shortly before the collapse of Lehman Brothers in September 2008, demand for cash currency increased significantly. That was a sign that bank customers increasingly lost confidence in the solvency and liquidity of commercial banks. This warning signal would no longer be available if cash were abolished.
- A cashless economy makes tax collection easier, as the example of Sweden illustrates