(Brandon Smith, Alt-Market) In the past two years the agenda for a cashless system and a one world currency has gone mainstream. The plans that liberty analysts were once called “conspiracy theorists” for talking about ten years ago are now out in the open.
The latest barrage of propaganda was launched by the governor of the Bank Of England, Mark Carney, who openly warned of the end of the dollar’s world reserve status, comparing it to the end of the Pound Sterling’s reserve status after WWII. He also noted that the dollar could be replaced by a new digital currency system and that this would be advantageous the banking system.
The IMF has been openly publishing white papers that agree with the assessment that a global digital currency is needed, and with former IMF head Christine Lagarde now in charge at the ECB, it is likely that a Euro cryptocurrency system will soon make a public appearance.
In the meantime, multiple central banks are pursuing a cashless system and digital currencies of their own. China has announced a national digital currency system will be realized in the next 18 months. The Swiss central bank is exploring digital currency options, and Russia is considering launching a cryptocurrency as well.
The rhetoric coming from the mainstream media and the banking establishment is that physical methods of payment will soon disappear. This is being called the “democratization of money”, and the “multipolar world order”; I’m sorry to say that it’s the exact opposite.
The claim is that the end of cash and specifically the end of the dollar will result in more choice in the monetary world. But the end of physical cash is actually a removal of choice and the result is MORE centralization. The banking elites are so excited about the digital currency model because it removes all privacy from trade.
Real decentralization would mean the removal of bureaucratic oversight and micromanagement. It would mean that physical currencies backed by gold and silver could be offered as an alternative option, not just cryptocurrencies or fiat backed by nothing.