Topic: 2012-11-30 marketoracle.co.uk - Sinister Implications of the Cashless Society (Read 1305 times)

+1, read all the way through that crap and not even a mention of the virtual space let alone bitcoin. Must say, that Bernanke guy is great at contradicting himself and completely missing the bloody obvious.

This article looked good at first but it ends up pretty much the same as that FRB speech statement, uninformed, misleading or just plane wrong, to some degree bitcoin gets portrayed as one of a number of clone virtual currencies the man has made to keep us down.

Both of these so-called ‘digital alternatives’ are being backed and promoted through some of the world’s biggest and most long-standing corporate dynasties

Sinister Implications of the Cashless Society
Politics / Fiat Currency Nov 30, 2012 - 03:57 AM

By: Patrick_Henningsen

Politics

Among the long list of items bundled by consensus reality merchants under the banner of ‘conspiracy theory’, is a world without cash – where technocrats rule over the populace, and everything and anything is exchanged via plastic and RFID chips.

...Introduction of Parallel Currencies

There has been a lot made about the ‘cashless society’ in media, but this cannot fully happen until there is a cashless currency.

Every revolution needs a good crisis in order to germinate its seed. The cashless revolution is no different. It should be abundantly clear by now that the global financial meltdown has been engineered at every juncture of its unfolding by the very private central banks who expand and contract the money supply. A dollar or euro collapse will trigger a global economic crisis, which is a prime opportunity to introduce the next phase.

In the summer of 2012, at the height of the European Central Bank (ECB) ritualistic raping of the Greek economy, financial expert Max Keiser, alongside Mexican billionaire Hugo Salinas Price, traveled to Athens to promote the idea of a silver Drachma as a parallel currency to the ever-failing euro. In theory and in practice, this parallel currency was ‘sound money’ for individual Greeks and would allow them to retain some say in their financial destiny, and also allow them to accumulate real wealth. It should have caught on.  But this great idea did not go down well with media moguls and technocratic elites loyal to their overlords in the ECB, Wall Street and the City of London. Still, too many people remain unaware of how money is created, entered into circulation and how their private central banks control inflation, and Greece is no different....

...Two new parallel currencies are currently being used exclusively within the electronic, or cashless  domain – Bitcoin and Ven.

Among the many worries Ben Bernanke listed in his speech at the New York Economic Club last week  was the emergence of Bitcoin. But don’t believe for a second that these digital parallel currencies are not being watched over and even steered by the money masters. Couple this latest trend with done deals by most of the world’s largest mobile networks this month to allow people to pay via a mobile ‘wallet’, and you now have the initial enabler for a new global electronic currency.

These new parallel cashless currencies could very quickly end up in pole position for supremacy when the old fiat notes fade away as a result of the next planned economic dollar and euro crisis.

Both Bitcoin and Ven appear on their surface to be independent parallel digital money systems, but the reality is much different. In April 2011, Ven announced the first commodity trade priced in Ven for gold production between Europe and South America. Both of these so-called ‘digital alternatives’ are being backed and promoted through some of the world’s biggest and most long-standing corporate dynasties, including Rothschild owned Reuters as an example, which should be of interest to any activist who believes that a digitally controlled global currency is a dangerous path to tread down....