China is the purest expression of Technocracy on the planet, so it is little surprise that it is leading in implementing a digital blockchain technology to run its governance operation. Central banks around the world are already studying blockchain technology for ways to gain greater dominance over citizens.
Cash is the only economic check and balance against tyranny; once cash is removed, whoever controls the digital monetary realm, controls everything. Forcing everyone into the digital matrix is a core tenet of Technocracy.
Brandon Smith is one of the first to suggest that the global banking oligarchy appears headed toward a single digital currency that resembles Bitcoin. I fully concur that this is the primary reason for removing physical cash from societies around the world. First, it forces everyone into the digital system and second, it paves the way to convert all the digital currencies into a single currency. Lastly, I fully expect that energy will be the touchstone regulator of the entire system.
The war on cash is global as Central Banks cram it down the throat of their respective client-nations. The contagion is the infamous Bank for International Settlements (BIS) that is the central bank to central banks and the mastermind of global monetary policy. To implement Technocracy (aka Sustainable Development), the global monetary system must be digital and there must be no holdouts. Thus, eliminating cash will force everyone into the banking system 100%. The mantra of 'no person left behind' is seen in all United Nations documents that support Sustainable development.
The plea for cashless society is always preceded by glowing benefits. China is the world's largest and first big model of Technocracy, and as an authoritarian state, it can force whatever it wants down its citizens throat. A dictatorship is always the shortest path to Technocracy, and even in 1933, early Technocrats called for FDR to declare himself dictator in order to summarily implement it. Those who do not understand Technocracy cannot recognize China as anything other than a Communist dictatorship.
Bribery by any other name is still bribery, especially when we already know that the global elite are stampeding to a cashless society. Technocracy cannot be established except that 'no person is left behind.' Without cash everyone is forced into the system if they merely want to survive in the intended new world order.
The 'people' are always blamed for the demand to ditch cash in society, but it is the banking oligarchy that strategized it from the very beginning. Why? Because cash in the hands of citizens is uncontrollable, while digital currency is absolute control. Technocracy as an economic system requires absolute control over the monetary system.
India was the 'test case' for gong cashless, and it was so successful that the United States is next in the crosshairs. This isn't about staving off corruption, but rather implementing Technocray.
Paving the way for 'no person left behind', Central banks are putting police power and brutality behind their move to a cashless society. Understand that gold and gold jewelry are traditional stores of value in India. Secondly, note that the banking cartel is going after this gold and jewelry because it is 'hidden' wealth and comparable to cash.