A Cashless Society Approaches

Posted by $ Olduglycarl 8 years, 1 month ago to Economics
37 comments | Share | Flag

Here are a few excerpts below; but my question is what happens when the lights go out...I mean...OUT for a long time...this is Not chicken little stuff...as we always have been but especially over the next 15/20 years...it is very likely that the whole global grid will go down...so...what cha gona do then?
It's just like the governments, the kakistocracies, to not look ahead for possible disruptions...

"Not everyone is cheering. Alderman noted that Sweden's embrace of electronic payments has alarmed consumer organizations and critics who warn of a rising threat to privacy and increased vulnerability to sophisticated Internet crimes."

"It might be trendy," said Bjorn Eriksson, a former director of the Swedish police force and former president of Interpol. "But there are all sorts of risks when a society starts to go cashless."

Despite the conveniences, even some who stand to gain from a cashless society see drawbacks. According to Jacob de Geer, a founder of iZettle which makes a mobile-powered card reader: "...But Big Brother can watch exactly what you're doing if you purchase things only electronically".

He concluded: "Liberty will be non-existent. However, it will be sold to us as expedient simplicity itself, freeing us from crime: Fascism with a friendly face. Perhaps the scariest consequence of all is that an individual can be "terminated" by a bureaucrat erasing his identity. Do not kid yourself, it will happen. Real 'Mark of the Beast' stuff".
SOURCE URL: http://www.globalwatchweekly.com/articlea07apr16.htm


Add Comment

FORMATTING HELP


FORMATTING HELP

  • Comment hidden. Undo