Bank of America CEO: ‘We Want a Cashless Society’


Bank of America CEO Brian Moynihan embraced the digital cashless movement on Wednesday, saying his firm has “more to gain than anybody” from eliminating cash from society.

We want a cashless society,” Moynihan, who heads up the second largest U.S. bank, told attendees at Fortune’s Brainstorm Finance conference.

 He pointed out that more than half of all money transactions are already processed electronically, with the rise of cryptocurrencies, and payment systems like PayPal, Zelle, and digital wallets.

 The global elite and banking lobby want a digital cashless system because this will give them even more control over us. Global bankers want to monitor and control every single transaction, while destroying real world currencies so they can issue money that doesn’t exist, creating impossible financial burdens for the masses, all the while accumulating extraordinary real wealth and power for themselves.

 Populations relying on a fully digital cashless grid will be incredibly vulnerable in times of crisis. A terrorist or military attack, or even a storm or power outage, would mean the end of a functional economy. Payments would stop, the economy would grind to a halt, and life as we know it would end.

 A new, desperate climate would take hold, with entire populations left vulnerable and helpless, completely under the control of their government and the shadowy elites pulling the strings.

 Why would Western governments ban cash when there are such disastrous consequences for humanity waiting just around the corner?

 Because the shadowy elites and their banking cartels want us to be easily manipulated, cowed and controlled.

 Businesses, and even entire countries like Sweden, have already jumped on the movement to end the era of cash, disrupting the hard currency that has underpinned modern economies.

 Yahoo report: Non-cash transactions are forecast to grow by a compounded annualized growth rate of 12.7% through 2021, according to a 2018 study produced by BNP Paribas and Capgemini. Those vast volumes put financial intermediaries in a prime position to benefit from processing those transactions.

 The banking sector has “already digitized,” Moynihan said on Wednesday. “The business has moved digitally and it will continue to move that way. It’s just figuring out how to add the value.”

https://newspunch.com/bank-america-ceo-cashless-society/

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 Everyone is out to lunch on this one.

No, not all.

He looks like Herman Muster.

 Herman Muster, cute comparison. But they are still walking a dangerous line to control people.

 Dump all of the global banks, deal with small town banks only.

Jason...

Ignorance is not bliss when it comes to how the Banking system works... are you aware that only National Banks have direct access to the FED and its electronic exchange system.. Small town banks are correspondent banks... they go thru National Banks to settle their transactions.

Get an education... one can not function as a Bank without a National Charter or access to a National Bank... license if you will... to access the FED. Returning the powers of the FED to the US Treasury will require the US Treasury to become a central CLEARING HOUSE for EFT transactions among other functions furnished by the FED... issue of paper currency, management of cash reserves for their correspondent banks etc. etc.

You have no idea of how complex banking is or how it works... none.

Talking about ignorance is not bliss Ronald, you fit right at the top of Communism Global Banking...:)

BTBTTG....:)

Tif

Just in case you were not aware... Banking and Communism are at the opposite ends of the economic world.  Banks are the bastions of CAPITAL... capitalism.  Communist hate banks... they want to burn them down.

Who here wants to burn all the banks to the ground... who is the dupe, working for communists everywhere?

BTBTTG...:)

No, we don't need to BTBTTG... burn the banks to the ground.

Really, you have it all figured out, and the world is safe, because of Ronald...:)

NOT...:)

NO Ronald doesn't have the power or necessary access to the Tera Firma powers needed to make the world safe  

God is the only one who can bring peace and safety to the world ... mankind has complicated and corrupted what God created to be perfect. Creations salvation does not rest in the arms of a man... it is in God's hands alone.

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Political Cartoons by AF Branco

Political Cartoons by AF Branco

ALERT ALERT

Horrible: Democrats Set The Constitution On Fire With Fraudulent Impeachment

House Democrats unveiled two articles of impeachment against President Donald Trump on Tuesday morning after an investigation that violated fundamental provisions of the Constitution and the Bill of Rights.

The investigation of the president began with the complaint of a so-called “whistleblower” who turned out to be a rogue Central Intelligence Agency employee, protected by a lawyer who had called for a “coup” against Trump in early 2017.

Democrats first demanded that the “whistleblower” be allowed to testify. But after House Intelligence Committee chair Rep. Adam Schiff (D-CA) was found to have lied about his committee’s contact with the “whistleblower,” and after details of the “whistleblower’s” bias began to leak, Democrats reversed course. In violation of the President Trump’s Sixth Amendment right to confront his accuser, Democrats refused to allow the “whistleblower” to testify. They argue the president’s procedural rights, even if they existed, would not apply until he was tried in the Senate — but they also invented a fraudulent “right to anonymity” that, they hope, might conceal the whistleblower even then.

Schiff began the “impeachment inquiry” in secret, behind the closed doors of the Sensitive Compartmentalized Information Facility (SCIF) in the basement of the U.S. Capitol, even though none of the testimony was deemed classified. Few members of Congress were allowed access. Schiff allowed selective bits of testimony to leak to friendly media, while withholding transcripts of testimony.

Speaker of the House Nancy Pelosi (D-CA), having allowed the secret process to unfold, legitimized it with a party-line vote authorizing the inquiry. The House resolution denied President Trump the procedural rights enjoyed by Presidents Richard Nixon and Bill Clinton, and denied the minority party the traditional right to object to witnesses called by the majority.

Rather than the House Judiciary Committee, which traditionally handles impeachment, Pelosi also deputized the House Intelligence Committee to conduct fact-finding; the Judiciary Committee was turned into a rubber stamp. Schiff held a few public hearings, but often failed to release transcripts containing exculpatory evidence until after they had passed.

In the course of the Intelligence Committee’s investigation, Schiff quietly spied on the telephone records of his Republican counterpart, Ranking Member Devin Nunes (R-CA). He also snooped on the phone records of a journalist, John Solomon; and on the phone records of former New York City mayor Rudy Giuliani, acting as President Trump’s personal lawyer.

Schiff’s eavesdropping violated both the First Amendment right to press freedom and the Sixth Amendment right to counsel. Yet he proceeded undeterred by constitutional rights, publishing the phone logs in his committee’s report without warning, confirmation, or explanation, alleging that Nunes and the others were part of a conspiracy to assist the president’s allegedly impeachable conduct. When Republicans on the Judiciary Committee asked the Intelligence Committee’s majority counsel, Daniel Goldman, to explain the phone logs, he refused to answer,

Ironically, Schiff had done exactly what Democrats accuse Trump of doing: abused his power to dig up dirt on political opponents, then obstructed a congressional investigation into his party’s and his committee’s misconduct.

Democrats’ articles of impeachment include one for the dubious charge of “abuse of power,” which is not mentioned in the Constitution; and one for “obstruction of Congress,” which in this case is an abuse of power in itself.

Alexander Hamilton, writing about impeachment in Federalist 65, warned that “there will always be the greatest danger that the decision will be regulated more by the comparative strength of parties, than by the real demonstrations of innocence or guilt.” Democrats have fulfilled Hamilton’s worst fears.

The Trump impeachment will soon replace the 1868 impeachment of President Andrew Johnson — which the House Judiciary Committee staff actually cited as a positive precedent — as the worst in American history.

In service of their “coup,” Democrats have trampled the Constitution and the Bill of Rights. The Republic has never been in greater danger.

You don't get to interrupt me

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