Corruption: Visa and MasterCard Could See Big Gains From India’s Sudden Currency Ban

Before reading the story from fortune bear in mind the Indian statists made life harder for the unbanked. They willfully impoverished the unbanked they claim they wished to help. Who is pleased by this due to their investment in cashless technology? Billy – vaccine pusher – Gates! Philanthropist indeed!
Fortune: Visa and MasterCard Could See Big Gains From India’s Sudden Currency Ban

“…credit card companies are sensing an opportunity: Visa and Mastercard , the world’s largest payment networks, are expecting to see a seismic switch to paperless transactions that they’ve awaited for years.”

“A study by the consulting firm McKinsey & Co. reportedly found that more than 90% of transactions in India are still conducted in cash, making the surprise devaluation devastating for many families and individuals who are suddenly unable to purchase essential goods.

A new currency: Rice Notes!

The indian statists have decided that some special paper is bad. 500 and 1000 rupees currency paper is no longer an acceptable token of exchange. Billy Gates of B.M.G.F., yes vaccine pusher Billy, agrees that digital money will solve the corruption and poverty of the unbanked. However the indians have identified a local, tangible and life sustaining alternative to e-money that needs no batteries and technology from technocrats like Billy boy Gates.

Rice. Rice as the means of exchanging value. A token of exchange.

Based on this we create an open and public repository of rice of different weights. 1kg, 2kg, 5kg, 0.5kg, 0.25kg. We can exchange rice notes of different weights knowing fully well that it is redeemable for the exact weights in rice.

The public rice repository’s records and physical rice are open to viewing by the public. If a discrepancy should occur between the records and the physical rice, the custodians will face a public penalty for fraud, incompetence and theft! All existing Rice Notes become immediately redeemable and voided for further use.

After the audit, we start again. The rice notes will make it clear to everyone the interchangeable nature of our tokens of exchange and its reliance on honour (trust).

Think the Federal Reserve, IMF, World Bank, B.I.S., Bank of England can compete with this clear as day expression of money as a token of exchange?

Nope, they can’t. The current banksters love their national and supra-national immunities  from public accountability.

Everyone can comprehend Rice Notes. It requries no batteries, no e-wallets, no readers. no phones. The owner is gauranteed the denominated weight in rice, which they can always eat should the need arise.

There is one fly in the ointment though, some dodgy company by the name of Monsanto will demand that Golden rice be accepted into our public rice repository and that it should be valued higher that normal rice due to its Golden colour. We will have to resist this corporate demand even if we are seduced by the golden colour of their rice.

Note: Just in case the BBC or CNN decide this is fake news, I am declaring it is satire, a piss-take of Indian statists and Bill Gates.

Why Billionaire “Philanthropist” Bill Gates Loves India’s Demonetization Program | Wolf Street

What is amusing about the anti-corruption drive to cashless society is that it ALLOWS and HIDES corruption. The technocrats become the new Banktsers cooking the books. Laughable proposition: digitization == anti-corruption

sentinelblog

From Wolf Street, by Don Quijones

The profit motive in the War on Cash.

For the last 12 days, India has been turned into the world’s biggest open-air laboratory for extreme financial experimentation, after the Modi government decided, at the drop of a hat and apparently without warning even the banks, that the two biggest denomination notes were all of a sudden worthless, to be replaced by new notes.

Before Modi’s fateful decision, on Nov. 9, the 1,000 rupee ($14.67) and 500 rupee ($7.33) notes accounted for 86% of India’s cash economy, which itself represented well over 90% of the country’s retail transactions. The result has been widespread financial and economic chaos. Consumption in the cities dropped considerably. In the countryside, where bank branches are few and understaffed, the economy has ground to a shuddering halt. As the WSJ reports, for many the last remaining lifeline has been the…

View original post 1,026 more words

Sweden could be first with national digital currency

The statists and the Banking class? Two power hungry obfuscating groups want to further control the means of exchanging value between sovereign human beings.

Follow The Money

582c6bbbc36188bd378b45d4

qi07i7ot

https://www.rt.com/business/367141-sweden-digital-currency-launch/

The Central Bank of Sweden is considering issuing a national digital currency to solve the problem of a dramatic drop in the domestic use of cash. The so-called e-krona may be introduced within two years.

“The less those of us living in Sweden use bank notes and coins, the clearer it becomes that the Riksbank needs to investigate whether we should issue electronic money as a complement to the money we have today,” Riksbank Deputy Governor Cecilia Skingsley told the Financial Times.

Sweden’s Riksbank is the world’s oldest central bank, and was the first to issue paper banknotes in the 1660s.

Alternative methods of payment have been gradually replacing traditional cash in Scandinavian countries. The Danish government is considering the option of going completely cash-free for the country’s shops and services.

The quantity of notes and coins in circulation in Sweden has fallen by 40 percent since 2009, with…

View original post 248 more words

Trust and the Concept of Money

If I was diagnosed with an illness, my willingness to accept the diagnosis and treatment would depend on my level of trust of the physician. I would not have surgery, take dangerous medication unless I had confidence in the competency and integrity of the specialist

Imagine a specialist that allows our modern society to avoid barter as our means of exchanging value. We could pick any token for this unit of value: cowry shells, rose petals, salt, ground ivory, bits of metal, or pieces of special paper.
The group that controls that unit of exchange must have the confidence of the population using it. However what happens when that said group is now the source of the injustices in the world?

What makes the situation even more untenable is that this group – let’s call them bankers – have special clubs that refuse to allow public scrutiny. They demand immunity from investigation and also insist on our trust in the control and creation of the units of exchange: dollars, pounds, cowry shells, bits on a screen.
The customers of these bankers that create and manage our units of exchange, begin to wonder how they got so much of it. How did these groups amass so many cowry shells, or bits of metal or even piles of paper? They begin to wonder when this convenient tool of exchange was subverted

If you found a piece of land abundant in cowry shells, shiny stones, bits of yellow metal or could make piles of special paper, you would have a massive “store” of these units of exchange. This would give you a powerful influence in what work was done.

What happens when we see clearly that the cowry shells, piles of paper, shiny stones, byte-coins, bits of metals are just replaceable but convenient tools. We have all agreed to the mind-trap, we can all agree to reject the provenly fraudulent and corrupt “bankster” specialist.

You could focus your “stored” units of exchange on weapons manufacturing, building a militia, funding a priest class to obfuscate reality, surveillance systems, social rules enforced by policy enforcers, etc.

Integrity is therefore key to trust in any unit of exchange. The more intangible the unit of exchange the more integrity matters.
That our units of exchange, money is managed by a corrupt, psycopathic group that is indifferent to social consequences and refuses to submit to social scrutiny is becoming clear to more people. Why are the Federal Reserve and Bank of International Settlements (B.I.S.) immune from lawful and legal scrutiny? Have they not been accomplices in multiple financial deceits and frauds? If they had been rigorous in expunging the blatant frauds, their trust level would be higher.

The banksters, amoral, psychopathic, desire ever increasing units of exchange. What happens when we refuse to accept their scam? What happens when we see clearly that the cowry shells, piles of paper, shiny stones, byte-coins, bits of metals are just replaceable but convenient tools. We have all agreed to the mind-trap, we can all agree to reject the provenly fraudulent and corrupt “bankster” specialist.

What unit of exchange do you believe in? What is in your pocket?