It’s All About Taking Away Our Cash

It’s All About Taking Away Our Cash by Rory – The Daily Coin

At least the criminal banking cabal in Japan is honest about the development of cryptocurrencies and it is all about getting people out of cash and onto the digital plantation.

A consortium of Japanese banks are set to launch a new national digital currency in a bid to wean citizens off cash, the Financial Times reports.

The FT says that a consortium led by Mizuho Financial Group and Japan Post Bank plans to launch the new digital currency in time for the Tokyo 2020 Olympics.

The new project, which has the support of Japan’s central bank and regulators, aims to develop technology to allow Japanese people to pay for goods and services with their smartphone.

Cash currently represents 70% of all transactions by value in Japan but such a heavy cash dependency incurs costs for banks and governments. Banks must pay to handle, transport, and audit large amounts of cash, while governments risk losing tax revenue to undocumented cash-in-hand work or black market transactions.

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The consortium of banks estimate that the adoption of a new digital currency could add ¥‎10 billion ($90 million; £67 million) to the economy, the FT reports. J-Coin will be exchanged at a one-to-one rate with yen.

Source

What’s that? 70% of all transactions by value are conducted using hard currency but since the banksters level of insolvency no longer supports producing physical cash it’s time to force people to use their “smartphone”?! Yep. that’s the plan.

Using cash – not cryptocurrencies – is one the best weapons we could use against the Federal Reserve, the banking cabal and government thieves. Cash transactions can not be tracked. Cash transactions are opaque and, at this point in history, are akin to a black market even though cash is legitimate and used for above-board transactions.

You are welcome to believe what ever you wish about cryptocurrencies as long as I am allowed to believe what I wish to believe about them. My views are based on the past history of the criminal psychopaths that are currently running the world of finance and economics. Their hundreds years long history has proven they will stop at nothing to get their way and to enslave the people in whatever form best fits their need.

The current batch of cryptocurrencies, as noted by most of the cryptocurrency advocates, will probably not be around very long and will be replaced by something newer, shinier and whatever people see as being the newest, coolest form of not-money – not-currency.

Give me cash, gold and silver any day of the week – these are what the banksters truly hate and are attacking on all fronts. For me, it all comes back to the same old question – why are the banksters, their government enablers and bought and paid for mouth-pieces, the mainstream media, loving on cryptocurrencies and hating on cash, gold and silver? This might be the single most important sign post during this transitional time.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.