crashes, depressions and the NWO

[blind ear]

In the past banking regs kept bank size small. Those regs removed, banks are national and international. Past crashes and depresions redistributed opportunity, leveled the playing field to where more common men had a chance to grow and prosper.

With todays efforts at stableizeing the economy, (too big to fail and taxpayers bail them out) the areas protected are the large banking concerns. The citizen voter has lost his representation.

Many of the banks fail but the banks still standing likely have owners from those that failed with much wealth protected by corporate shields. This will allow a power structure to form that can exert world control. Thier influence is showing up in our every day civil lives reflected by the way civil situations are handled.

Without a releveling of opportunity the inflated value of money will eleminate hard currency and create an electronic only money system. Just ramblings. eddiegjr

[MGMorden]

Without a releveling of opportunity the inflated value of money will eleminate hard currency and create an electronic only money system. Just ramblings.

Electronic money is just as valid as notes/bills though.  You have to understand: the money that you hold in your hand is imaginary.  It's a PIECE OF PAPER.  The only money actually "worth it's weight" is the penny (whose copper value is now in excess of 1 cent - it's illegal to melt them for the copper though ).  Everything else - PARTICULARLY paper money - is essentially worthless on it's own. This is ever more true after we were taken off of the gold standard (before that the government had to have a certain amount of gold stored away for all the currency it issued, and if you wanted you could trade your money for that gold).

That currency only has value because we as a society believe it does.  That's why the value can fluctuate so much.  Electronic money (I assume you mean debit cards and such) is basically just the same thing under a different name.  Whether we print it or not, it's still just a representation that we are giving value to based on our faith in the system. 

I'm not much for conspiracy theories myself.  I think that the move to electronic currency is coming, but I think that it's more a result of consumer convenience.   I know that I rarely carry cash AT ALL anymore.  In an odd coincidence, I saw my first debit-card equipped DRINK MACHINES today.  Swiped my card, hit the button, and got my drink.  It's just more convenient.

Are there some risks to that system?  Absolutely, but that horse left the barn.  FDR in 1933 took the first steps to take us off the gold standard, and Nixon finished it in 1970.  No putting that genie back in the bottle at this point.

[gypsyman]

I think that counterfitters will have an easier time. Somebody with a 'puter trained mind, set up a phony company, that sells widgets to an overseas company. Have electronic money transferred to this country, in small amounts, say $100,000 or so. Set yourself up as president/ceo, and give yourself a salary of $80,000 a year. Have tax's taken out. If a person isn't greedy, probably go a long time before anybody noticed. gypsyman

[Slowhanddd]

I know of several companies that pay with debit cards.They have for a couple of years.Less "paper"work.Slow

[MGMorden]

I know of several companies that pay with debit cards.They have for a couple of years.Less "paper"work.Slow

We're like that at work.  All full time employees have to have a bank account (your choice as to where) and setup direct deposit.  On pay day we can a slip saying how much was deposited to our account, but no actual check.  It works out well.  I've got mine split between 2 different accounts - a bills account and a spending account - and all of my monthly bills are setup to auto-deduct from the bills account.  I literally never have to worry about paying my bills on time because the whole process is automated.

[magooch]

Put me in the old fashioned column; I prefer the folding green stuff--or whatever the color of paper money is these days.  Debit and credit cards may be more convenient, but they also cost money to use.  Businesses, and that would be most of them now days that have the little swipe machines, have to pay for each transaction, plus a monthly fee for the use of the system.  Somebody pays the cost--whether it is the business that has to absorb the cost, or the customer that it is ultimately passed on to--somebody pays.  My daughter's business pays more than $5000 dollars per year for the little swipe machine.  That's $5000 that could be in her bank account, or that could go toward a lower cost for her patrons.

[beerbelly]

 The move to electronic currency is so that the government can track every penny you have. This will allow them to make sure you pay taxes  on every dime. They control your money they control you!
                                             Beerbelly

[Pat/Rick]

+1 MGM, fiat money/fiat credit card, same same.
+1 beerbelly,  control. Control the servile subjects.

[BBF]

The move to electronic currency is so that the government can track every penny you have. This will allow them to make sure you pay taxes  on every dime. They control your money they control you!
                                             Beerbelly

That has happened for a long time.  payroll deductions, investments and pretty much everything else other then cash under the table is recorded. Perhaps your bank doesn't require a SS number to open up any sort of account, mine sure requires it.

[MGMorden]

My daughter's business pays more than $5000 dollars per year for the little swipe machine.  That's $5000 that could be in her bank account,

It could, but the bank account would be a lot lower overall when you account for the amount of business that would be lost by NOT accepting credit cards.

It's an expense of business.  ALL businesses have expenses.  You pay rent on the building, you pay for power, you pay your employees.  An expense isn't a bad thing in business so long as you get a good return on investment (ie, the money you put into the expense should improve your business to the point where the item makes you more money than it costs).  Accepting of debit/credit cards most certainly fits into that category.

[blind ear]

The electronic/hard currency money system will just be a dirrect result of the system not breaking down and values deflateing, $100 and acre land VS $3000 an acre land and relative values to all products and services, as it has done in depressions of the past.

My concern is to the effect of not breaking down the corporate structure and power that has and is still developeing. The Federal Reserve has under written corporate power since it's inception. That structure is expanding to world bank size and the funds are available on a world wide scale from other major economies, China per se.

The world size and view of coorporations will change the meaning of armed forces and military. A coorporation with enough drones doesn't need ground forces, something not so in the past. The future holds this possibility, corporate rule. The world moveing in that dirrection is my concern.

eddiegjr