Done the math yet? India and Venezuela have, and Australia and Sweden are in the process. It’s simple – who controls your money? If banks control your money, they can charge a “small” fee to handle it. They can also take it away from you, and if they make a mistake on your account, it may leave you no way to pay until it gets resolved. They will know everywhere you spend your money, with whom you associate, where you go, what your lifestyle and interests are, and if they don’t like it, you’re cut off! Bankers want power and your indebtedness. They provide means by which Congress spends, gets reelected, legislates banking, monetary policies and laws. Now, do you understand what “cashless society” means?
How many transactions do you make monthly – 30, 50, 100? How about a hamburger, a pack of gum, cigarettes, a Coke?. Try to imagine having to reconcile your statement every month. Many companies bill credit cards and your digital bank account, under names different from their public names with which you are familiar. So, you look at this monthly statement to see if all of your charges/debits are legitimate. Every time you see a name you don’t recognize, you’re going to have to research it which can take time. You may end up spending anywhere from an extra 15 – 60 minutes a month making sure you’re not being ripped off, and if you are, add hours. The ultimate rip off at the bottom of your statement will be when you see that “small” charge for handling all of your “digital” transactions – 1%, or maybe 2%. What will prevent them from increasing the percentage over time? What is the percentage on credit cards now – 18% or more? Get the picture?
Pensamiento Peligroso writes the truth as he sees it, and if it upsets you, then it makes you think!