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.”
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.
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...:)
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?
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...:)
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.