“Politicians are suggesting that cash should be gradually replaced by credit card transactions and direct bank transactions, making every single movement of money trackable, seizable, and reversable. This is not just a privacy disaster, it’s also a resilience disaster. I had the privilege of having a long conversation with the Chief Security Officer of one of the larger European banks, and he told me the outcome was a given – there will always be some kind of cash. Whether it’s issued by a central bank is completely beside the point; if central-bank cash isn’t readily available, people will create a way to trade between them without involving a third party.”
(Visited 29 times, 1 visits today)
Related posts:
Reevaluating Drug Courts: No Mother Should Have to Go Through What I Did
The Supreme Court’s Deference to the Pentagon
Learn Bobby Tay’s $2.7 Trillion Sigma Secret
Cui Bono Fed: Who Benefits from the Federal Reserve?
Reforms of Domestic Government Surveillance
Elite Description Problem - Why the System Needs a Full Explanation
The Silver Lining as Banks Say “No More Americans”
In Gold We Trust 2014
The wealth transfer effect of bitcoins
How the Military-Industrial Complex Preys on the Troops
Michael Hastings' Final Article Before Car Explosion: 'Why Democrats Love To Spy On Americans'
Homeland Security Is A Racket Twice Over
Immigration Reform -- The Time for Free Trade
William N. Grigg: Reich Here, Reich Now
The Only Legal Way to Escape US Taxes Besides Death and Renunciation