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The monetary implications are even scarier. The real reason they are pushing for "cashless society" is so they can impose negative interest rates. Since you wo
by _red 8y ago
The monetary implications are even scarier.
The real reason they are pushing for "cashless society" is so they can impose negative interest rates. Since you won't have the option to withdraw your funds into cashier, you bank balance will be debited monthly as a privilege for giving the bank money.
Its their next hairbrained scheme to try and shore up their ponzi-scheme economy.
- theamk 8y agoI don't see how this will work, unless every country does this, or your currency becomes non-convertible. And even then, you would still be able to buy stocks, expensive jewelry, gold, houses and so on.
- _red 8y ago>I don't see how this will work, unless every country does this, or your currency becomes non-convertible. You say this as if tax fraud is a consequence free activity. >And even then, you would still be able to buy stocks, expensive jewelry, gold, houses and so on Sure, but everyone will do that, so those asset prices will surge making it a poor investment
- repolfx 8y agoAnd even then, you would still be able to buy stocks, expensive jewelry, gold, houses and so on. Yes, that's the idea! The point of negative interest rates is to force people to buy things, thus jacking economic growth like caffeine to a coffee addict. So this is hardly any solution.