Plenty of cults exist - every cult has its 'religious dogma', its idols, its 'prophets', its 'science', its 'proof' and its intolerant liturgy of demands. Cults everywhere: Islam, the State, the cult of Gay and Queer, Marxism, Darwin and Evolution, 'Science', Globaloneywarming, Changing Climate, Abortion....a nice variety for the human-hater, amoral, anti-rationalist to choose from. It is so much fun mocking them isn't it ?
Tempus Fugit Memento Mori - Time Flies Remember Death
By eliminating the prospect of cash savings, monetary policy options like negative interest rates would be much more effective if implemented. All money would presumably be stored under the same banking system umbrella, and even the most prudent savers could be taxed with negative rates to encourage consumer spending.
While there are certainly benefits to using digital payments, our view is that going digital should be an individual consumer choice that can be based on personal benefits and drawbacks. People should have the voluntary choice of going plastic or using apps for payment, but they shouldn’t be pushed into either option unwillingly.
Forced banishment of cash is a completely different thing, and we should be increasingly wary and suspicious of the real rationale behind such a scheme.'
Inflation is real – not deflation. MSM and the elite preach the opposite. They are absurd of course. Consider:
1970, Average US home price $20.000 [typical bungalow]
1970, Average US income $10.000 p.a.
2016, Average US home price $300.000 [typical bungalow]
1970, Average US income $50.000 p.a.
Currencies are debased, leading to price inflation. Wages have gone up, but not nearly as much as prices for goods, commodities, homes, or comestibles. Debt has soared in all areas of society – governmental, corporate and personal. The world is literally awash and drowning in debt. Debt ratios compared to income, 'GDP' [a fictitious spending calculation]; or per person, have risen astronomically since the end of the gold standard in 1971. Debasing the currency is standard Keynesian-Monetarist dogma, as is lying and using false models to justify their policies.
“It costs 1.7 cents to make a penny and 8 cents to make a nickel, according to the U.S. Government Accountability Office. The U.S. government loses tens of millions of dollars every year putting these coins into circulation.
Why is it wasting money and time making coins almost no one uses? Because phasing out the penny and nickel would mean acknowledging currency debasement. And governments never like to do that. It would reveal their incompetence and theft from savers.
This isn’t new or unique to the U.S. For decades, governments around the world have refused to phase out worthless currency denominations. This helps them deny the problem even exists. They refuse to issue currency in higher denominations for the same reason.”
Governments will outlaw cash. This is to hide real inflation and make money a virtual reality, untethered to economic reality. This is not 'extreme', nor an illusion of a conspiracy theory. In order to keep their lies hidden, their rhetoric substantiated, and to keep the fraudulent system of printing, spending and accruing debt alive; they will need to turn money into a fiction, and make sure that the peasants don't realize how debauched the currency and monetary systems are.
“Even though the Federal Reserve has devalued the dollar over 80% since 1969, it still refuses to issue notes larger than $100.”
The 'Road to Serfdom' by Austrian economist and political essayist F. A. Hayek was first penned in the 1940s at the height of a war for freedom and civilisation – one which in part pitted the individualist, legal bounded and rights oriented Anglo-Saxon powers against Nazism. Hayek's masterpiece is timeless because he lays out the case against collectivist and socialist ideas – a case which will never be outdated since his perceptions and conclusions are ineluctably associated with the logical outcomes of communal ideologies taking over society. In yet another age of strong man rule and immature yelps for prophets in the guise of people such as Obama [or Prophet Obamed], Hayek's work should be re-read and re-learnt.