Abolishing Cash – New Age of Economic Totalitarianism | Armstrong Economics –The Death of Cash is the Death of Freedom

Extreme economic inequality ultimately leads to political instability and often revolution. One scholar of comparative politics, surveying the literature on the subject, puts it like this: “Among contemporary political scientists it has become axiomatic that material inequality and political instability go together.”* Yet virtually everyone who has studied the dangerous impact of extreme economic inequality on a wide variety of societies has effectively concluded that America is immune to the potentially disruptive effects of extreme inequality. Even authors of political thrillers, who have created scenarios for coups and revolutions based on terrorism, assassinations, and enemy conspiracies, have avoided homegrown unrest: it just isn’t possible. The idea is effectively taboo in our society. We take it as an unalterable given that our constitutional system of governance, as supported by the people, is everlasting. My contention is that unchecked and rising economic inequality is an indicator of a dysfunctional democracy that is spiraling downward. A careful historical analysis suggests such societies inevitably fall prey to internal collapse through conflict or corruption.* The threat is real and increasing. 

=It Could Happen Here (Bruce Judson)

The continued existence of the national state is a central condition not for “U.S. hegemony” or a “new U.S. empire” but for the class power of transnational capital.

==Global Capitalism and the Crisis of Humanity (Robinson, William I.)

But Wall Street today is a very far cry from the arena of freewheeling capitalism most people recall from their history books. Indeed it hardly deserves to be called a market-based system at all. A properly functioning market, after all, regulates foolish and risky behavior by ensuring that extreme risks fail more often than they succeed. But things don’t work that way on Wall Street anymore. And it was in the Clinton years—not those of Reagan or Bush—that the culture of Wall Street began to change. The driving cause? An unprecedented partnership between the financial industry and the federal government.

==Architects of Ruin (Peter Schweizer)

In 1836, President Andrew Jackson, infuriated by the tactics of the bankers who were attempting to persuade him to renew the charter of the Second Bank of the United States, said, “You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.”

===Secrets Of The Federal Reserve (Eustace Mullins

Although most would be incredulous over this statement, it is none the less true; eliminating cash has been a goal of those who rule and those who wish to do so in a more authoritarian manner for many years. Technological development from the the invention of the wheel onward has been the cornerstone of mankind’s social and economic evolution, however always accompanied by serious negative collateral effects. But always technological progress was an overwhelming positive, at least as far as human comfort and well-being was concerned. The elimination of friction, in essence the conservation of energy between work and human effort has led to the glories of our progress and the comforts of our civilization.

The collateral effects are numerous and obvious, from the increasing effectiveness of the machinery of war to the creation of entropy throughout the ecosystem we share, but technological progress, the true universal religion of man, has undergone a significant reduction in the marginal rate of return over the past several decades, both in productivity and in the general usefulness to human comforts. But not so in regards to the technologies of war, surveillance and control, for here these technologies have blossomed and seem to be going exponential. With the elimination of cash transactions from all commerce and as an emergency reserve away from the fragile banking system, a number of triggers are provided that radically enhance the powers of the entrenched elites, both of state and private economy.

That the surveillance state becomes complete with a purely electronic digitized medium of exchange should be obvious, as cash transactions are the only human commercial activity besides pure barter, legal or otherwise, that are currently outside of the governments databases and absolute control. As far as commerce is effected, pesky small businesses that are, at best marginal anyway, will die from the inconvenience and transaction fees of a digitized system. The small businesses guided under the hearts of entrepreneurial spirit will die a quick death all accruing to the benefit of the large corporate operations and the transnational behemoths.

This, along with the continued expansion of the regulatory state assures the death of small business–the lifeblood of the independent spirit and entrepreneurial mind, anathema to the total control of the authoritarian fascist state. As with regulations, only the largest enterprises will be able to thrive and many marginal laborers that relied on the work for cash will find themselves on the government dole, It will be the death of the independent craftsman.

under-the-boot1Of course, JP Morgan and other financial institutions that are the dominant electronic payment processors will benefit handsomely. Finally, as the Cypriot example provides more than enough evidence, with no alternative, except for now gold, anyone holding digitized currency in the banks will have little alternative when the banks are once again threatened by the next inevitable financial meltdown.

It is all about the finance capitalist system in panic mode willing to do anything to try and stimulate consumption by making any further reason to hold savings balances useless. Cash will no longer be king, it will eventually be jail. Savings balances all will be confiscated when the time comes. But we will be sold on the convenience of it all, the simple beauty of it, the fun–but it is all about control, elite wealth protection and power. This “trend” is indeed the final building block completing the total surveillance police state. Next up, the perpetual boot heel on your neck.

Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking and that now leads us to the totalitarian approach coming from Brussels. To maintain the euro, they must maintain the banks. But the bank reserves are debts of all member states. As government becomes insolvent as in Greece, the banking system is undermined. The only way to prevent the banking collapse is to prevent people from withdrawing cash. Hence, we see this trend is surfacing in all the mainstream press to get the people ready for what is coming after 2015.75 – the elimination of cash. We are starting to even see this advocated in parts of Germany.

We will not be able to buy or sell anything without government approval. That is where we are going and this may be the major event that erupts after 2015.75.

Source: Abolishing Cash – New Age of Economic Totalitarianism | Armstrong Economics

We stand on the verge of Economic Totalitarianism that will lead to the total control of money by the state. No one will be able to buy or sell without government approval. The USA has already provided for the revocation of a passport if you owe the government more than $50,000. Passports in Rome were invented not to travel between nations, but to be able to travel to prove you did not owe money to the state and hence were free to travel. History simply always repeats – only the names change.

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