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Normal Nicholas Koh
nick_the_contrarian Why The Powers That Be Are Pushing A Cashless Society

We Can’t Rein In the Banks If We Can’t Pull Our Money Out of Them

The central banks are ... planning drastic restrictions on cash itself. They see moving to electronic money will first eliminate the underground economy, but secondly, they believe it will even prevent a banking crisis.This idea of eliminating cash was first floated as the normal trial balloon to see how the people take it. It was first launched by Kenneth Rogoff of Harvard University and Willem Buiter, the chief economist at Citigroup. Their claims have been widely hailed and their papers are now the foundation for the new age of Economic Totalitarianism that confronts us. Rogoff and Buiter have laid the ground work for the end of much of our freedom and will one day will be considered the new Marx with hindsight. They sit in their lofty offices but do not have real world practical experience beyond theory. Considerations of their arguments have shown how governments can seize all economic power are destroy cash in the process eliminating all rights. Physical paper money provides the check against negative interest rates for if they become too great, people will simply withdraw their funds and hoard cash. Furthermore, paper currency allows for bank runs. Eliminate paper currency and what you end up with is the elimination of the ability to demand to withdraw funds from a bank.

In many nations, specific measures have already been taken demonstrating that the Rogoff-Buiter world of Economic Totalitarianism is indeed upon us. This is the death of Capitalism. Of course the socialists hate Capitalism and see other people’s money should be theirs. What they cannot see is that Capitalism is freedom from government totalitarianism. The freedom to pursue the field you desire without filling the state needs that supersede your own.

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2min

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Normal Gotta Snatch Them All
boxsnatchers #chillen watching the #game... Haven't really followed the season but #who doesn't watch the #playoffs..... 3min

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Normal Loresa Czapla

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Normal Polish Police
polish_police Sorry you can't see the whole thing, I was feeling lazy and didn't want to fit it to be seen. Anyway, it's a pineapple! Which I found cool #tutorial #pineapple #yellow #brown #green #white #who #livesina #pineappleunder #the #sea #ohhh #haha #nailart #fruit 5min

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starcatcher8301 I just realized that i haven't posted anything about most of my favorite fandoms... So everyone.... *whispers* i...love....Doctor Who..... <3 #doctorwho #doctor #who #tardis #fandoms #doctors #timetravel #time #travel #traveling #amazing #fantastic 10min

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rahayu_hakim bagaimana kamu bisa berbagi dunia, kalo kamu bahkan tidak berbagi kata.
#share #thewords #that #you #really #want #to #share #is #good #but #think #who #you #share #with #before
13min

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15min adea808
Normal Adea Calimpong
adea808 #Who doesn't live getting flowers? 15min

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