October 2, 2017
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.
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.
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
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. 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. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
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