They will begin phasing out paper currency in the next 10 years

They will begin phasing out paper currency in the next 10 years

Other urls found in this thread:

theguardian.com/world/2016/feb/08/german-plan-prohibit-large-5000-cash-transactions-fierce-resistance
theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe
youtube.com/watch?v=7gwcQjDhZtI
twitter.com/SFWRedditImages

Were going to have chips in our skin with our identity and bank accounts.

No way in hell I'm getting chipped
I'll go innawoods before then

Please explain how phasing out paper currency is a bad thing?

Does Trump know about the Bilderberg group and is he willing to stand against it?

Explain how your bank and government knowing everything you do with your money and where you do it is a good thing?

Waiting for explanation.....

>fiat currency is good

lmao

>new york ivy league billionaire

He's part of it nigga

It really wouldn't affect me more than it does today. People already almost exclusively use eletronic banking and if people really cared about the government invading privacy by now they should've done something about it at least a decade ago.

Everything we do is logged and security footage is everywhere, if you want your privacy that badly you should've rose up against it a long time ago. True?

what about the illegal economy

Your account isn't owned by you, bank owners would be able to withdraw or even "turn off" your account.

I won't. You're seriously retarded if you accept such, however cushy basic income is, they'll just cut you off the instant they want you to STFU.

If that tech existed, we'd all be cut off for a week for reading #pizzagate therads.

It's illegal, what's more to say about it?

Well yeah, the government can do that now. Either electronically or bashing down your door holding guns.

-Governments know what you do and where you do it at all times.
-Governments can blacklist items that are legal but that they don't agree with.
-If you commit a "thought crime" or are perceived to be doing anything which resembles a resistance, funds immediately cut off; questions later.
-businesses that don't comply with the status quo will be exiled from receiving transactions
-small businesses will be killed off/taken over by the larger multinationals
-social classes will be more easily controlled, divided based on monetary power/ability to buy certain things.
-access to certain goods can be restricted even if you have the money for it and it's legal

pretty much an orwellian state. Big brother around every corner.

Are saying that the governement does not already have that power?

not if you use cash, no. You can essentially buy whatever you want with cash. The problem comes when electronics is the ONLY way you can buy something. I can buy legitimate things that don't support the globalist narrative now. But that will not be possible in that future.

>muh ebil gubbermint

kys this isn't some movie.

naive

You carry it around with you already. It's called a cell phone.

It's already happening in Sweden and India. I'm fleeing this country in a few months, no way in hell am I going to stay here once cashless societies is the norm. It's just one step away from becoming a full fledged 1984 dystopia.

India's situation with the banks started the day Trump won the elections. Our globalist sellout PM, Modi demonetized two important currency notes, and started printing new ones while the MSM and patriotic idiots say it's due to countering black money but the truth being that thus us being done in order so the political oppositions to Modi's party in the Northern parts of India fail to get funds and hence lose the elections. Now many more politicians are pushing for a cashless society under the cover that it is hard to mass produce so many bank notes and the MSM is repeating the pros about the cashless societies while ignoring the cons.

After demonetization, apparently the printing firm chosen to print the notes is Rothschild owned. It hasn't even been a fucking month and the Rothschild and the Jews got India by it's neck and are about to turn a cashless society into reality essentially making India one of the very first countries to join the Jew World Order.

In a cashless society, you won't be able to grow past beyond a level of wealth,
You will be given a fixed amount of money that will expire after a certain month,
There isn't going to be any such thing as savings or investing your money to grow richer,
You will be (((taxed))) for every transactionade digitally, essentially making you poorer,
If you show distress or oppose the narratives, politicians or try going against the establishment, they could simply cut your funds and you won't be able to feed yourself anymore or live by yourself.

Bankers are a fucking cancer. Every single one of them needs to be killed. India is doomed considering how retarded most of the people are, and how easily they will be subverted. India is done fucked up.

And, we all are going to be chipped soon.

Finna throw down wrist chits on some space hookers. The future is great

>We

Speak for yourself.

I would literally rather die than be chipped.

Btw, not all of my $ is in the bank,,,, yes, I use it many other ways that isn't recorded on some camera or a bank ledger and is still not used in an illegal manner. And it's nobody's business what I do with it either. It's my money.

Oh, so like now.

It's not, but it causes a problem for bank and investors when you can have money that is isolated from interest rates. A quick example is germany where negative interest rate loans and bonds has already lead to a discussion of banning physical money. The idea being that taking the money out of the bank and stashing it physically rorts their system. However, the more likely model is the swedish one, where only 2% of all transactions are in cash.

The arguments are always the same; it helps stop funding terrorism/crime and it's more "efficient" or "convenient". In reality it just lets the government track every cent you earn and spend, it lets banks have far greater control over the markets, it reduces the running costs of banks by not requiring as many physical staff or atms, and it reduces the running costs of the government by reducing the expenditure of the mint.

Sources:
theguardian.com/world/2016/feb/08/german-plan-prohibit-large-5000-cash-transactions-fierce-resistance
theguardian.com/business/2016/jun/04/sweden-cashless-society-cards-phone-apps-leading-europe

they haven't even phased out checks.

i have to wait 5-10 fucking minutes packed in a line of breeeathing, shifting, listless people because someone has to pay with a fucking check. provide a driver's license, social security card, a passport, birth certificate, voter registration ... and then tell her a different phone number than what's on the check ... put on your white cotton gloves to carefully extract the check without tearing it ...

if it gets rid of checks, too? it can't happen fast enough.

No, cheques (learn to fucking spell it right) are a useful item especially when you use one that is undersigned by the bank. This is just about the only way that you can make legal payments in order to ensure that the bank validates that the amount listed will be paid.

If it's not undersigned then the above does not apply.

no

It's a good idea because it will prevent hoarding.

youtube.com/watch?v=7gwcQjDhZtI

rip russo

>fag spelling.jpg
kek

The current American people would never allow themselves to be chipped unless physically forced, upon which they would flip shit and revolt.

>if you want your privacy that badly you should've rose up against it a long time ago. True?

they should have, but lazy unconscious cunts like you keep going along with the program

there's still time to say no, but you can only say no if you understand whats at stake, most people are clueless

your lifestyle will become illegal in the future

wanna drive a car yourself instead of using the self driving ones that they can drive into a tree if you disagree with them and blame it on a software error?
illegal

want to grow your own food?
illegal

want to eat meat?
illegal

teaching your kids that heterosexuality is normal?
illegal

someone wrecked their lungs with smoking and needs a lung transplant but you don't wanna give up your healthy lungs that YOU worked hard to keep healthy?
ILLEGAL, cough up the lung, or else

you thought the nannu state in AU was bad now

they can stop your transportation card from working

once you give them full control, there is no escape

More like (((((((THEY)))))))

Bitcoin is the future.

Nah, a bastardized copy optimized for government surveillance, if (((they))) have their way, is the future.

Mark of the beast, enjoy going to hell. Branded by they synagogue of satan

>if you want your privacy that badly you should've rose up against it a long time ago.
YES GOY

YOU HAVE PASSED THE ALLOWED REVOLUTION PERIOD. PLEASE OBEY

haha soft faggots I'll ill you all.

original will still work though

not if governments create a proprietary system, which they most certainly will. There may be black money markets but it will be impossible to transfer money between unofficial and official systems, unless you're a super high level elite or insane hacker with inside access.

be a shame if nobody used their system

there's literally nothing that prevents people using alternatives, except bans which won't be enforceable if everyone starts using the alternative, look at taxis vs uber

besides, they're planning to collapse their own system to switch everyone to the new system

would be funny if people just started using alternative currencies and rejected their system

just the speed, convenience and low cost will make it more enticing

but I hope someone figures out a good way to handle refunds and things, it's still not ready for general use

All they'd have to do is get businesses to comply or have their licenses to operate revoked. There'd be a transitional time, but full compliance could be forced eventually. What happens when all businesses, large and small, all use that system?