View Full Version : Cashless Society
11-04-01, 02:13 PM
Will it happen? Possibly. Can it work? I think so.
Money or more correctly cash, will be replaced by a credit system. Instead of wages, your boss will credit your account with whatever amount, and when you spend you will simply use your card. Self employed people will have to do the same of course. Your 'credit' cards will of course be more than that, they will also act as personal ID's with access to a lot of information about you, dependant on specific codes used by different authorities. A system like this will wipe out the black market economy, tax fraud and all kinds of criminal activity. Can you think of one good reason why governments have not discussed implementing a system like this? After all, the technology exists and the theoretical advantages to be gained are seemingly gargantuan and should outweigh any disadvantages. It's not as though such a simple idea has not been put forward by other pundits. What do you think?
<i>"Can you think of one good reason why governments have not discussed implementing a system like this?"</i>
Because not all countries have the resources to impliment such a system. Also, the US dollar is used by many countries as a reserve, much like the US gold reserve. A cashless system is at work, but is used within the world banking systems only, where large sums of monies are moved from one system to another.
I personally believe a world currency will eventually be implemented, cash will never die.
There is also a good chance that a world government could form, but the only way it could be succesful is after a devastating world war three, because most people couldnt learn to respect eachother without a WWIII.
11-04-01, 05:05 PM
Do you think that the black economy is actually desired by and fundamental to the proper working of a capitalistic society? And that this is the reason cash will prevail?
11-04-01, 05:12 PM
In time. When we see the physical reality as a place where there is nothing to fear and where all are welcome and where we share.
Until that , very soon btw, we will have to do with the credit card option for the already rich and "organized" and cash for the poor and less organized.
11-04-01, 10:40 PM
Money, as it exists today, is a burden on society. People don't work for the joy of actually producing something anymore. No one loves their jobs. Everyone is just trying to get ahead, out of debt, an relieve the stress of being behind on the bills. I think it would be a great thing to not have to worry about how I was going to eat or pay my broadband bill :D Although I doubt it would work in the US, as a society I think we're just too lazy to work without the weak reward of money.
11-04-01, 10:57 PM
I rarely if ever use cash myself.
Direct Deposit and Credit cards already exist. e.g. everything is in place for a cashless society.
But until EVERYONE accepts Credit Cards and EVERYONE stops using cash (I use cash on very rare occassion anymore myself) which cannot be forced by the government, we'll continue to be a cash based society.
The government can't force companies to only accept bank cards and force them to pay the fees. They can't force people to use a bank period.
It may happen eventually but it won't be because the government steps in. It'll just be a natural transition.
11-05-01, 01:58 AM
Will it happen? Possibly. Can it work? I think so.
I would like to point out that until recently, historically speaking, society was indeed cashless.
The government has already had it's taste of trying to force people to use something they don't want. Remember the $2 coin? It didn't take. People thought it a bad luck coin. Some saved it in hopes that it would be worth more as a collectors piece. Now it's trying the $1 coin again. They would dearly love to quit printing all that paper money in the form of $1, it doesn't last and costs justs as much to print $1 as it costs to print $20.
11-05-01, 12:53 PM
I think most self employed people and small start-up businesses just wouldn't be able to get off the ground if cash wasn't the main form of currency. Sly deals, slave wages, casual labourers --cash in hand, off the books, off the books, off the books, fairy tale accounting--you know the score. And no big business ever started without being a small business first, I think governments realise this. It's also fair to assume, that as governments are made up from moneyed people and financed by big business, they wouldn't want to break the circle that gave them their chance 'to make it' and to continue making it. It's like all the loopholes in tax law that only the rich seem to know how to (ab)use, producing situations where really high earners pay really little tax compared to average wage earners. (tax-free/evaded) Cash is also easy to move out of countries and be inconspicuously invested in that 'little place in the sun Madge and I always wanted', or to buy those antique things that for no soluble reason only make more money and is the only reason most rich people buy them anyway. And to buy(and sell?) all those expensive drugs that rich people love. Therefore, it seems to me, that it just wouldn't be in anyone's interest to abolish cash in a capitalist society.
We used to have a two dollar bill up here, but what happened was we traded it for a coin, I personally liked the bills better.
I think most people would agree a single world currency is needed.
Here in europe there is great debait about the validity of the euro as currency, we (England) dont use it yet but quite a few nations have already started and in the next 5-10 years it will become the main currency for europe.
Eventually leading to a battle of currency values, the euro vs the dollar, which currency will make it as the #1 is debaitable but from where im standing the dollar is in the lead, only just mind.
Weather or not this leads to an american super state is another matter altogether, if the dollar wins washington controls the worlds money, controling the worlds money is step 1 of controling world politics.
<b>Currency: Something customarily accepted as a medium for exchange.</b>
In our case, that would be printed paper and plated coins.
Have you no heart?
What would happen to all those poor souls who feed their starving children by virtue of currency arbitrage?
Shame on you! :cool:
12-04-01, 07:35 AM
I have long suspected that our property, be it our homes, cars, children, even the clothes on our backs, had been pledged as collateral on the national debt. I was not able to confirm it because I had not been able to find it in writing - but here it is. Straight out of the mouth of a United States Congressman and printed in the Congressional Record. Read it and weep.
As you read this, take note of the use of 'United States' and 'united States.' There is a distinct difference.
The 'United States' being ONLY that described in The Constitution for the 'united States,' Article I, Section 8:16, which reads:
"To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding 10 miles square) as may, be Cession of particular States, and the acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings; To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof." Anybody want to take a shot at the difference between the United States and the united States? United States Congressional Record, March 17, 1993 Vol. 33, page H-1303
Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:
"Mr. Speaker, we are here now in chapter 11.. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise."
It is an established fact that the United'states Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.
The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departmen ts are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S. Secretary of Treasury receives no compensation for representing the United States?
Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be "money" in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or "currency." Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not "money." A Federal Reserve Note is a debt obligation of the federal United States government, not "money? The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money, -gold and silver coin.
It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any "money." Most Americans have not been paid any "money" for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are "bankrupt," along with the rest of the country?
Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). when ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.
Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank.
There is a fundamental difference between "paying" and "discharging" a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of "good & valuable consideration." Unpayable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.
Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations.
The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a "Canon Law Trust" as their model, adding stock and naming it a "Joint Stock Trust." The U.S. Congress had passed a law making it illegal for any legal "person" to duplicate a "Joint Stock Trust" in 1873. The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution. [1:9:3]
The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operating exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same.
Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it.) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principle.
Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913)
"Hypothecated" all property within the federal United States to the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a "beneficiary" of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their "subjects," the 14th Amendment U.S. citizen, to the Federal Reserve System.
In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit "money substitute" it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn t have any assets, they assigned the private property of their "economic slaves", the U.S. citizens as collateral against the unpayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.
Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.
This has been going on for over eighty years without the "informed knowledge" of the American people, without a voice protesting loud enough. Now it s easy to grasp why America is fundamentally bankrupt.
Why don't more people own their properties outright?
Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?
We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it.
America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order.
Wake up America! Take back your Country.