Why the Governments Will Implement the Cashless Monetary System
Of all who are working to bring your nation into a cashless monetary system, the desire to do this is greatest in the hearts of those who would rule over us and the world.
Governments, Bankers, Elites and Capitalists will become more Richer and more powerful but the average citizens will bear the burnts.
Those who dream of absolute power over the masses realize that in order to achieve their goal, it is necessary to have absolute control of the world’s economic system. Tyrants know that if they can effectively separate every individual from his or her wealth, requiring the approval of the system for every financial transaction, that they can control the world. They have been, and are, continually working to develop and implement this system.
While banks, businesses, and others will gain financially from an electronic cashless monetary system, government will exponentially increase its power over the people.
The people who wield power within government are those who are most able to effect this fundamental change in the way the world does business. This is because it will be those in government who will determine, by law, the type of system that will be used to control buying and selling and the form of currency that will be used.
Let us consider a few of the reasons why those who desire power over others want to implement a system of trade that they can control completely.
Since government does not produce wealth, it must take the money it needs to operate by taxing those who produce wealth; that is, those who work.
The innumerable layers of taxes that have been heaped on the worker have caused him to render unto Caesar much of his hard earned wealth. Not only is the worker’s income taxed by the government, but in most cases he must pay taxes on his income to the state and sometimes even to the local government.
Property taxes must be paid regularly if he wants to keep his property. Other taxes are imbedded in the cost of the goods and services and are paid by the consumer when an item is purchased. Then there are sales taxes that must be paid to state or local governments when an item is purchased. All taxes are paid to the government, and while few people know it, all taxes come out of the pockets of those who produce wealth — again the workers.
While we like to think of ourselves as “the land of the free”, the truth is that there is almost nothing we can do that isn’t either taxed, or regulated in some way by some level of government.
The Income Tax and Power
The income tax system as it now exists is one of the most burdensome, corrupt, confusing, and oppressive methods of taxation ever devised by man. One reason for this is that the system is used not only for the collection of money to operate the government, but it is also a mechanism by which those who are in power may increase their power. It is so complex that it is understood by no one. It is easily manipulated by those who write the laws and has been used by politicians to reward friends and punish enemies.
Over the years, it has metastasized so that its tentacles now reach into every part of our lives, and the farther it reaches the more it controls.
From time to time many have suggested, and some have worked very hard, to replace this monstrosity with tax systems that would be simpler and less intrusive. All of these attempts have failed. The reason every attempt to replace the graduated income tax with some other form of taxation has failed can be summed up with one word: power. The graduated income tax gives those who control it the power to control every segment of the economy and thereby the ability to control every part of our society and even the behavior of individuals.
They say it would enable our economy to grow by leaps and bounds and would increase our liberty and privacy, but it would actually increase the power of those who use the present system of taxation to oppress and control the people.
Under our present system of taxation, every part of a person’s life is open to the government. The requirements of reporting income and expenditures for tax purposes creates a record of a company’s or an individual’s life. The government requires that any and all information that is demanded by the tax collecting agencies be supplied to them. This information gives the government the ability to examine not only a person’s financial dealings but their personal and political lives as well.
With the present system, there are various tax rates, deductions, exemptions, and tax credits, enabling those who write the tax laws to exert forces upon the economy, society in general, organizations, and even the individual. Sometimes this is done in order to force industry and individuals to make decisions based upon tax considerations rather than what would otherwise be best for the business or the individual.
The power to reward friends and punish enemies is perhaps the most misused power derived from this complicated and easily manipulated system. Many favors can be bestowed upon those who support the right party, politician, or program. Much misery and even financial ruin can be visited upon those who don’t.
The Collection of Taxes
In order to make certain that people don’t spend their earnings before they meet their tax obligations, employers are required to withhold a portion of each employee’s earnings. The money that is withheld from the employee’s earnings is sent by the employer to the government’s tax–collecting agencies. This enables the tax–collecting agencies to claim their share of a person’s earnings before the person gets possession of their earnings.
Problems Collecting Taxes
When it comes to the payment of taxes, companies and persons who are self employed operate under a different set of rules. The rules under which a company, or someone who is self employed are based somewhat on the honor system. This system requires them to pay taxes based on their estimated income.
This gives them access to their money before the tax–collecting agencies of the government. This arrangement means that the government must rely on the honest reporting of income by companies and those who are self-employed. It is also gives the dishonest taxpayer opportunity to conceal income. This is especially so when the business is conducted on a cash basis.
Ever since there have been taxes, there have been those who evade the payment of taxes. Government has had to implement enforcement measures to ensure that it collects the amount of money it demands of the people. Those who are charged with collecting taxes are always seeking better and more efficient ways to collect the revenue they believe should be paid to the government.
If the government becomes lax in the collection of taxes, then few, if any, people would pay taxes. The age old problem for governments when it comes to tax collection is that with cash or some other medium of exchange that allows individuals to deal directly with others, transactions are easily concealed from the government. Many people attempt to conceal profits from the tax–collecting agencies of the government by simply failing to report income. Also, by its very nature, income derived from illegal activities is not reported, unless it is reported as having come from some other activity that is legal. The fact that there is a great amount of economic activity concealed from the government creates problems in the area of tax collection.
To minimize tax fraud, the tax collecting agencies must develop accounting procedures and investigative methods that will ensure all income is reported. This is a very complicated and costly undertaking, since it requires the creation a huge bureaucracy which must try to monitor all economic activity. If tax–collecting agencies had a way of knowing about every transfer of money or goods from one entity to another, tax fraud would be eliminated. This would result in a huge windfall of money for the government as a result of increased collections. Tax evasion, though, can never be entirely eliminated as long as our present economic system is in place, because financial transactions can still be conducted privately by the use of cash, or the transfer of other items of value.
No Place to Hide Wealth
Once the cashless monetary system is in place, hidden cash transactions will no longer be possible because cash will no longer exist.
All financial activity will take place within the computers of the new electronic economic system. Every financial transaction, no matter how small, whether it involves funds credited to, or debited from a person’s account, will be known by the government. All income and expenditures will be carefully monitored and examined by the government’s computers. The tax–collecting agencies will know all there is to know about every company’s or individual’s financial dealings. They will know the sources of all income. They will also know when, how, and where all money is spent. This will ensure that taxes are paid on all income.
Such a system will enable governments to subject everyone to a continual financial strip search.
Instant Tax Collection
Since all currency will consist of electronic credits that cannot be removed from the system, the tax–collecting agencies will no longer have to depend on voluntary reporting of income by companies or those who are self-employed.
The government will not have to rely on the honesty of those who are reporting income. Tax–collecting agencies, by the use of computers, will be able to immediately calculate for themselves the amount of tax owed by companies and the self-employed.
This will be done by comparing revenues to expenditures. Once the amount of tax owed is determined, the amount will be automatically debited from the financial account of the person or business. This will enable the government to claim the taxes that it determines are owed on a more frequent basis than the present system. Tax payments will be transferred from the taxpayer’s account to the government as frequently as the tax–collecting agencies desire. This means that the government will be able to confiscate money on a daily basis, if this is the desire of those who collect taxes. This will prevent a company or an individual from coming up short when taxes are due. These features of the cashless system will eliminate the problem of delinquent tax payments. It will also eliminate tax evasion.
Maintaining the Money Supply
Manufacturing paper currency and coins is a very expensive task. Physical currency must be designed and manufactured in such a way as to make counterfeiting as difficult as possible. It must also be manufactured in sufficient quantities to supply the demand of the economy. Since physical money wears out with usage, recalling and replacing worn currency is a continual process. Distribution of money once it is created is expensive in that it must be transported, and security must be provided as it is moved from the treasury to the banks.
Since much of our economy’s business is already transacted electronically, only a portion of the money that is presently in circulation actually exists as paper currency and coinage. Those who control the monetary system know that elimination of all paper money and coins is necessary in order to obtain the power they desire.
This transition is already well underway.
First of all, the creation of electronic credits is much easier and faster than creating physical money. Creating electronic credits and adding them to the money supply is a very simple task that could be accomplished with a few keystrokes on a computer’s keyboard or by a program that will make automatic adjustments to the money supply. It does not involve the purchase of expensive paper, inks, or metal as does the creation of physical money. It does not require complicated and expensive printing presses or dies. It also eliminates the lag between the decision to adjust the money supply and the actual adjustment.
Electronic currency is not subject to wear and tear so it never needs to be replaced. While physical money must be transported from place to place, electronic currency is moved instantaneously to any place on earth through communication networks. By eliminating paper currency and coins and replacing them with electronic currency, the huge expense of creating and maintaining the physical money supply will be eliminated.
Controlling the Economy through Wage and Price Controls
Since all commerce will be conducted within the closed electronic monetary system, wages, the prices of all goods and services, as well as the profit margins of companies could be set at particular levels or within certain ranges, there are many who subscribe to the notion that the pressures of supply and demand can be regulated in this way. With a closed monetary system, controlling wages and prices will be very easy, and the temptation to use this power to attempt to control inflation and other economic pressures will be too great to resist.
Since all transfers of funds must be approved by the system, any wage, price, or profit margin that is deemed too high will result in the transaction either being refused or automatically adjusted to be within the allowed limits. This will be the end of free enterprise and will eventually reduce the availability of goods and services.
Cashless Monetary System + RFID = Absolute Control
The main objective of tyrants is to have the ability to force the populous to comply with every command. This goal will be attained when absolute control of all buying and selling is achieved by the convergence of the closed cashless monetary system and the RFID system of inventory control.
This will be done by interfacing these two systems so they will perform as one system.
To accomplish this goal requires that the transition to a cashless monetary system be completed, and for all items produced or offered for sale to be identified with RFID chips. This will mean that in order for an item to be sold or for ownership of an item to be transferred from one person to another, it must contain a chip and the item must be registered with a database that is controlled by the government. This will be done to eliminate any possibility of a black market that might circumvent the closed monetary system of trade.
Once this system becomes operational, buying and selling apart from the closed monetary system will become impossible.
Bartering will also be impossible, since ownership of items will be recorded within the system. Money laundering will also become extremely difficult, if not impossible The reason for this will be that since the government will have an inventory of all items produced and all items possessed by individuals, they cannot be sold unless they are deleted from the inventory of one person’s possessions and added to another person‘s inventory.
If an item does not have an RFID chip registering it with the inventory system, it cannot be sold. This will be because when credits are to be transferred from one person’s financial account to another person’s financial account, there must be a corresponding transfer of goods which takes place at the time of sale. Even items offered for private sale must first be tagged with an RFID chip and then registered with the government‘s inventory system before there will be an authorization of payment to the seller. Unless these steps are performed, the item cannot be sold.
With the closed cashless system in place, those who control the system can implement any law or program they desire. It will be a simple matter to use the closed monetary system as the engine of social and political change, and as the weapon for enforcement.
If a particular activity is deemed to be good by the powers that be, then it will be permitted, or even encouraged.
This will be done by allowing the approved activity through the use funds stored within the system. If an activity is determined to be in inappropriate, for example certain religious or political activities, then the funds that are needed by the individual or group to engage in these activities will be denied.
All expenditures, and therefore every activity, will not only be monitored, but must also meet the approval of the authorities who will control the closed cashless monetary system.
Once the closed monetary and RFID systems are completed and interfaced one with the other, those who would rule the world will have absolute economic power over us, and with this power they will force compliance with their edicts. The cashless/RFID system will enable the ruling power to do this without a large military or police force.
more to come…
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