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Japan Contemplates Cashless Society, !??

Sanders
post Jun 22 2009, 12:52 PM
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I've written about some of the trends in Japan which serve to acclimate people to the idea of a cashless society, GPS devices in cars which automatically pay tolls, paying train fares with cards, making purchases with cell-phones etc., and anyone who has watched the Infowars interview with the late Aaron Russo knows that a cashless society is what the elite want.

Well, now Japan is contemplating a cashless system and how to do it ... the reasoning being the absolutely crazy notion that negative interest rates could be then used to stimulate borrowing and spending.

YIKES! These people are NUTZ!!!

To fight deflation, abolish cash. Could Japan make reality of ‘science fiction’?
The Times
June 19, 2009
by Leo Lewis

http://business.timesonline.co.uk/tol/busi...icle6531299.ece

QUOTE
With recovery elusive, a population doddering into old age and perhaps a decade of deflation in prospect, Japan may start mulling the most radical monetary policy of all — the abolition of cash.

Unorthodox, untried and, said one Bank of Tokyo Mitsubishi strategist, “in the realms of economic science fiction”, the recommendation has nevertheless begun floating around Tokyo’s corridors of power and economists have described Japan as particularly suitable as a testing ground.

The search for more outré economic policies continues, despite the recent surge in the Nikkei 225 index.The market may be reflecting soaring Chinese investment, rising consumer confidence and other cheerful data but economists see few long-term beacons of hope for Japan.

Other extreme ideas mooted by the financial authorities include a tax on physical currency or introducing one to operate alongside the yen.

All three ideas are based on a theory concerning interest rates and the concept that a nominal rate of zero — as Japan has now lived with for much of the past decade — may be too high. In Japan’s case, the theory would suggest that nominal rates of -4 per cent might be closer to what is required to rescue the economy from another deflationary spiral. Having agreed that this might be necessary, the next question is how it could be imposed.

Several MPs in the ruling Liberal Democratic Party believe the abolition of cash, though politically radioactive, might be technically feasible. Richard Jerram, a senior economist with Macquarie bank, told investors that “the proposal has become practical with the broad penetration of electronic money and credit cards in Japan”.

He said that all the proposals were radical but worth consideration for Japan. Without physical cash, a central bank can set rates exactly where it likes, runs the argument...
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dMz
post Jun 22 2009, 03:09 PM
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Scarier still (IMHO) is if/when this is coupled with/marketed toward the common Japanese penchant for electronic gadgetry and the traditionalist/mannerly "honorably going along" traits...
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tnemelckram
post Jun 22 2009, 04:55 PM
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This raises serious and substantial concerns about the future of my neighborhood dope dealer.

This post has been edited by tnemelckram: Jun 22 2009, 04:56 PM
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JimMac
post Jun 22 2009, 09:39 PM
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I guess this is where we get to see how potent the yakuza really is. Fulford? are you there?
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dMz
post Jun 23 2009, 03:26 PM
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QUOTE (JimMac @ Jun 22 2009, 07:39 PM) *
I guess this is where we get to see how potent the yakuza really is. Fulford? are you there?

Fulford was "assimilated" by a salamander-type creature back in January. ohmy.gif

http://pilotsfor911truth.org/forum//index....showtopic=16162
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lunk
post Jun 25 2009, 08:23 AM
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It's not just Japan:

Monopoly box from 2008.
...a little predictive programming, perhaps?

Cashless, every player gets a plastic card!
Comes with 4 debit cards, that work with a little battery powered calculator,
to keep track of the score.
No more counting on monopoly money.

...but what happens if the batteries go flat, mid game?
Have the rules been updated, for this possibility?
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Sanders
post Jun 25 2009, 02:19 PM
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"The World Has Voted"!??? "Here and Now"!!!??? Sheeesh.

The next version of the game will have RFID chips you can strap to your forearm that keep track.

Still J P Morgan's mug though, that doesn't need changing.

Ugghhh.
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Trapster
post Oct 12 2009, 10:56 PM
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In short: Bad Idea.

If 'They' don't like you, all They will have to do is shut down your electronic account.

If they can track your every transaction, you can be sure that your every transaction will be taxed. On the bright side, no need to file a tax return, they will already know every financial move you made for the past year.
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Sanders
post Oct 13 2009, 10:17 AM
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They™ simply want total control of everything. That's what all the cameras are about. Chips in our bodies to monitor our finances are in our future if we don't get smart and say "no". When I say "we", that entails a lot of people - so get the word out, even if people look at you like you're a nutjob. As these things start really panning out, they'll remember.
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