SB1241, authored by Sen. Chuck Grassley (R-IA) is currently before the Senate Judiciary Committee and is another step toward eradication of cash. Technocrats must remove cash from society in order to force everyone to be part of their socially engineered system.
The subhead states that "the dominance of mobile transactions lends itself to greater data collection by the Chinese government." There is little more that needs to be said about Technocracy's rapid ascent in China.
IMF head, Christine Lagarde, is fully complicit with the United Nations, Sustainable Development, Green Economy, Fintech and hence, Technocracy. Technocrats have created a huge moral hazard that favors the destruction of Capitalism and Free Enterprise.
The 'Cashless Journey' is a global initiative of Technocrat, globalist bankers, who use governments with statements like: 'Governments can speed the journey.' In fact, Technocrats despise government except for how they can use them to manipulate the citizenry to buy into their globalist pipe-dreams.
Danger: The Deputy Secretary-General, Amina Mohammed, said that "trillions of dollars need to be mobilized a year by tapping into the savings of citizens around the world..." The financing fix for Sustainable Development is revealed: simply take it from citizens' saving accounts. Actually, if Sustainable Development is completely established in place of Capitalism/Free Enterprise, private property (including savings) will be wiped out anyway.
Ken Rogoff concludes that after cash has been stripped out of society, negative interest rates can give every saver a proper 'haircut' by charging him to keep money in the bank. But, you can't take it out when cash is gone. Technocrats will rejoice if people walk into this quicksand.
Islamic finance in the Mideast is emerging as a global leader in financing for Green Economy, or Sustainable Development (aka Technocracy), and its entry into blockchain cryptocurrency is not surprising. Islam and Sustainable Development are compatible on many levels.
The U.S. is quietly clamping down on crypto-currencies, which goes hand-in-hand with the global war on cash. As terrorism is always the target, whatever gets classified as terrorism is an immediate target.
A day of reckoning is approaching for rogue forms of money like digital blockchain currencies, when they run head into the global banking cartel. While the Bitcoins of the world are proving a point, global Technocrats have no intention of releasing their current hold on economic and monetary transformation.
Launched over a year ago, China's satellite has now demonstrated quantum key distribution to the ground, potentially giving it control over the global communication network. This technology will undoubtedly dovetail with its ambitions to create a dominating global blockchain currency, because it will be "un-hackable".