Mendo Island Journal — Timely. Useful. Sometimes Cranky.

James Lee: Local Money…

In Mendo Island Transition on May 25, 2012 at 5:46 am

From JAMES LEE
Anderson Valley

‘Give me control of a nations money supply, and I care not who makes it’s laws’ ~ Amschel Rothchilds

It is critical to understand when, how and why the privately owned, for profit, corporate Fed Reserve and their crony banksters plan to eliminate the dollar and convert us all in one fell swoop to a digital currency.

Less than 7% of all transactions are cash. Merchants, big and small, are now switching to the new Paypal Iphone swiping technology that attaches to YOUR iphone, as they undercut the 3% fee charged by the major credit card companies, making the conversion to a digital currency seamless.

“PayPal today launched a new device, called PayPal Here, in the US, Canada, Australia and Hong Kong, that consists of a free, triangle shaped card reader and mobile phone application. The gadget connects into the top of iPhones and iPads allowing merchants to take payments on the go from any any of the four major credit cards (including American Express), PayPal accounts and even checks!”
http://www.business-opportunities.biz/2012/03/15/paypal-introduces-credit-card-swiping-iphone-device/

Spain, Italy and Greece have enacted strict (less than $1500 Euro) customer withdrawals of cash over the past few months and the National bank of Ireland has stopped accepting checks AND cash.
http://www.blacklistednews.com/Spain_Bans_Cash/19090/0/38/38/Y/M.html

This month Canada announced its new ‘digital’ currency: A few weeks ago the Royal Canadian Mint rolled out MintChip, a digital currency that is “better than cash.” It isn’t an alternative currency in that it’s a digital representation of the sovereign currency — the Canadian dollar. Cash cannot easily be tracked, but MintChip will allow computer tracking of every financial transaction, no matter how small.
http://www.wired.com/threatlevel/2012/05/mintchip/

By going digital it will allow the Central Banks to ‘reset’ the value of the new currency with one keystroke (along with another possible false flag event) to get out from the massive debt they created and convert us all to a digital currency system.

Plans for access to a digital currency system are already being set up and readied:

In the future, whether it’s entering your home, opening your car, entering your workspace, getting a pharmacy prescription refilled, or having your medical records pulled up, everything will come off that unique key that is your iris,” says Jeff Carter, CDO of Global Rainmakers. Before coming to GRI, Carter headed a think tank partnership between Bank of America, Harvard, and MIT. “Every person, place, and thing on this planet will be connected [to the iris system] within the next 10 years,” he says.
http://www.fastcompany.com/1683302/iris-scanners-create-the-most-secure-city-in-the-world-welcomes-big-brother?partner=yahoobuzz

Or peak into the IBM plans for our future; The following is from a recent IBM press release….
You will no longer need to create, track or remember multiple passwords for various log-ins. Imagine you will be able to walk up to an ATM machine to securely withdraw money by simply speaking your name or looking into a tiny sensor that can recognize the unique patterns in the retina of your eye. Or by doing the same, you can check your account balance on your mobile phone or tablet. Each person has a unique biological identity and behind all that is data. Biometric data – facial definitions, retinal scans and voice files – will be composited through software to build your DNA unique online password. Referred to as multi-factor biometrics, smarter systems will be able to use this information in real-time to make sure whenever someone is attempting to access your information, it matches your unique biometric profile and the attempt is authorized.
http://www.infowars.com/a-cashless-society-may-be-closer-than-most-people-would-ever-dare-to-imagine/

Most governments around the world are eager to transition to a cashless society as well for the following reasons….

-Cash is expensive to print, inspect, move, store and guard.

-Counterfeiting is always going to be a problem as long as paper currency exists.

-Cash if favored by criminals because it does not leave a paper trail. Eliminating cash would make it much more difficult for drug dealers, prostitutes and other criminals to do business.

-Most of all, a cashless society would give governments more control. Governments would be able to track virtually all transactions and would also be able to monitor tax compliance much more closely.

Most of us believe the electronic number on a screen is a reflection of money we truly have in our accounts yet try and convert that to ‘real cash’ ( paper with ink on it) and if it is more than $9,999 you will have to fill out personal withdrawal forms from the FBI, DHS and IRS for your own money.

It makes sense, for the time being, to get a good safe and store get some cash in your possession. Your making less than 1% on your money anyway at the banks so what is the risk anyway? (Keep your bank withdrawal receipts though as to not be confused with the hootch exporters by authorities should they come a-knockin’)

Keep your money at locally owned banks and begin trading/bartering/swapping with neighbors and friends where no taxes are needed and big brother government has no rights to interfere.

Most clearly do not see the digital currency transition in our near futures but if you follow the major whorporate university, whorporate 2Big2Jail Mega bank think tank planned Agenda, it is clear that we will all have to succumb to a biometric scan to access our digital bank accounts sometime soon unless we develop our own local currencies of value.

During the first Great Depression over 4500 local currencies were created out of necessity in this country and as John F. Kennedy so aptly put it:

“The time to repair the roof is when the sun is shining. ” — John F. Kennedy
~~

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