In the following article J.S. Kim theorises that it is the banking elites plan to bring in a 100% digital monetary system. He outlines the dangers of this and how gold and silver as money would have many benefits. At first glance many people would think this sounds like a “return to the dark ages” in this day and age of Visa, PayPal and online shopping. However the problem he discusses is with a 100% digital monetary system. If a free market in money was allowed we have little doubt that gold and silver would rise to the top. However, that is not to say that we wouldn’t still have online payments and the likes of PayPal still in existence. We’d imagine it highly likely that “gold banks” would spring up allowing people to safely store their “cash” gold and silver and transact digitally if they so chose. The trouble with the current monetary system is that it is a monopoly forced upon us by governments. If entrepreneurs were allowed to try their hand at money we think it likely they would come up with many new and useful methods of transacting but history says they would still ultimately be backed by gold (and silver). An interesting read anyhow…
There is no doubt that the elite have always sought to carefully manufacture news and to control the beliefs of the masses through their interests in funding education and in owning media distribution channels for centuries. There is a wealth of history that chronicles the elite’s desires to control and sway public opinion by manufacturing news versus the honorable journalism pursuit of reporting news in a fair and accurate manner. For example, in 1917, Congressman Oscar Callaway stated, as documented in the Congressional Record:
“In March, 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interests, and their subsidiary organizations, got together 12 men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press of the United States. These 12 men worked the problem out by selecting 170 newspapers, and then began, by an elimination process, to retain only those necessary for the purpose of controlling the general policy of the daily press throughout the country. They found it was only necessary to purchase the control of 25 of the greatest newspapers. The 25 papers were agreed upon; emissaries were sent to purchase the policy, national and international, of these papers; an agreement was reached; the policy of the papers was bought, to be paid for by the month; an editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interest of the purchasers.”
“This contract is in existence at the present time, and it accounts for the news columns of the daily press of the country being filled with all sorts of preparedness argument and misrepresentations as to the present condition of the United States Army and Navy and the possibility and probability of the United States being attacked by foreign foes. This policy also included the suppression of everything in opposition to the wishes of the interests served. The effectiveness of this scheme has been conclusively demonstrated by the character of stuff carried in the daily press throughout the country since March, 1915. They have resorted to anything necessary to commercialize public sentiment and sandbag the national congress into making extravagant and wasteful appropriations for the Army and Navy under the false pretense that it was necessary. Their stock argument is that it is ‘patriotism’ They are playing on every prejudice and passion of the American people.”
In the century that followed, the financial elites worldwide have learned much through their brainwashing campaigns and have successfully consolidated their power to manufacture, rather than report, the news through mergers and acquisitions of multinational media companies. Noam Chomsky & Edward Herman’s landmark 1988 book Manufacturing Consent chronicled the continuing consolidation of news control into the hands of just a few people. Today, at theFreePress website, one can peruse the handful of companies that dominate US media. One can further peruse the same controlled media environments worldwide in many countries at the Wikipedia webpage: “Concentration of media ownership”.
Today, the media is making a deliberate push to condition the masses to an extremely dangerous idea of a cashless society – the end goal that the banking cartel wishes to impose upon the world in an effort to control and subjugate anyone that may dare have the guts to oppose any of their multitude of anti-humanitarian banking activities. Just peruse through some of the below articles from the past several months that have popped up in major publications:
“Does PayTag mean the end of cash in your pocket?” the UK Telegraph
“Time to Cash Out: Why Paper Money Hurts the Economy”, Wired Magazine
“How Cash Keeps Poor People Poor”, Time Magazine
The above is a mere sampling of dozens of articles with the same tagline or topic that have been disseminated in the mass media over a condensed period of just a few months. Below you can find a sampling of paraphrased key ideas and principles that these articles desire to promote.
The Prime Minister of Spain, Mariano Rajoy Brey, announced that the Spanish government now prohibits payment in cash for any transaction involving business professionals that exceeds EUR 2,500. Cayo Lara, leader of the United Left party, stated that those who violate the ban will face fines of 25% of the amount of any transaction that exceeds 2,500 EUR that are made in cash.
Coins and paper bills are the silent enemy of the poor. Vishnu Sridharan of the New America Foundation argues that cash-based economies “harm the poor by heightening the risks they face when carrying money and fueling government corruption and inefficiency.”
Any form of money that is not digital is bad for society and bad for the poor. Imagine literally having your life savings under your mattress or folded into a coffee can, vulnerable to fire, thieves, drunken relatives or nagging neighbors. Imagine having to ride the bus for hours to settle a bill, or traveling for days to deliver funds to a relative. Digital money solves nearly all money problems for the poor.
These arguments, put forth by banking shill David Wolman, would offend the sensibilities and intelligence of even 12-year old children like Victoria Grant. Anyone that has the most rudimentary understanding of our present monetary system knows that inflation and fractional reserve banking, not coins and paper bills, are the silent enemy of the poor. Furthermore, coins would be the biggest friend to the poor if they were made of pure gold and pure silver. Instead, Wolman attempts to serve up massive servings of rubbish to the readers of Time and Wired magazines by deflecting attention away from the root problems of poverty, the fractional reserve banking system that punishes the poor, the elderly and savers. Wolman pushes a ridiculous argument that the root causes of poverty are based upon the idea that because we have money in physical form, that makes it easy for poor people to have their wealth stolen.
Wolman, never once, reveals the fact that our unsound, corrupt monetary system silently steals wealth from the poor in perpetuity through the constant assessment of the inflation tax upon their savings and that the greatest warrior against poverty would simply be to institute a sound monetary system. Furthermore, if Wolman is going to quote someone that says the poor should never possess money that could be burned in a fire then why should anyone ever possess anything that could be ravaged by fire? Clearly, Wolman’s agenda is one of the banking cartel and not to assist the poor as a purely digital monetary system further devolves our already unsound monetary system into an exponentially more unsound monetary system.
Wolman continues his propaganda and lies campaign in Wired Magazine when he states that no taxpayer should ever want to pay the fees associated with creating paper money and coins that the public considers to be a “nuisance”. Coins are a nuisance today because they contain hardly any metal of value. But mint coins from gold and silver as was specified in the Coinage Act of 1792 and as specified in the US Constitution and I’m sure that US citizens would not consider as a “nuisance” coins that appreciated in value every year against other useless coins used as money around the world. Also of great irony are the names of the organizations that are quoted in these articles, like the renaissance-sounding New America Foundation and the humanitarian-sounding Consultative Group to Assist the Poor (CGAP). The CGAP’s Mark Picken’s states: “The cell phone is the best point-of-sale terminal ever.” I’m not sure with what kind of poor people Mark Picken has been associating, but when I visited poor villages in Cambodia, Thailand, Myanmar, Mexico, Indonesia, etc., I don’t ever recall observing a high percentage of cell phone ownership.
A little digging reveals the true anti-humanitarian agenda of the Consultative Group to
AssistDestroy the Poor. Unsurprisingly, given the deceit of Picken’s comments, the CGAP is funded by the ultra-elitist, poverty-creating World Bank. Ditto goes for the New America Foundation. The NAF’s founders and board members reads like a Who’s Who list of corporate and financial elitists from Ivy League Harvard University professors to Council on Foreign Relations (CFR) members to Google and Bilderberg member Eric Schmidt to former Washington Post editor Steve Coll. It should come as no surprise that the information provided within these articles originate from members of elitist organizations that have always had a hand in manufacturing consent through their control of media outlets and news.
These articles, as they were all released within a very condensed time period, indicate a premeditated effort by the banking elites to pre-condition people into an eventual Pavlovian acceptance of a cashless society. Just as it is no coincidence that Charlie Munger, Warren Buffet and Bill Gates all chose to very publicly denigrate gold within days of one another in their failed effort to help suppress gold prices just a few weeks ago, it is no coincidence that a handful of major publications all published articles peddling a strong push and acceptance for the creation of a cashless economy. Such an argument, if accepted by the masses, is truly dangerous for a number of reasons.
First, the coordinated media deluge of articles pushing for a cashless society clearly delineates, in my opinion, the end game of the banking cartel run by the Rothschilds, Warburgs, Morgans, Rockefellers et al. –the collapse of our current fiat currency system. There are those that argue that these unprincipled men want to uphold our current system but I think that they are missing multiple signals that they actually want to bring our current monetary system to a great fiery crash in order to install an even more repressive monetary system to replace it.
Secondly, these articles are dangerous because they are also clearly designed to condition the masses to adopt the erroneous beliefs that gold and silver will lose their value, for what value could gold and silver possibly have when all future money is to be represented by digital bytes passed back and forth among computers? These articles are designed with three purposes in mind in my estimation. One, to ensure that people that were on the fence about buying gold and silver will not purchase gold and silver. Two, to goad those that hold gold and silver now to make a bad decision and sell their physical stores of gold and silver for fear of a gold and silver “crash”. And three, to eventually seize more control over the people as 100% digital money makes it very easy for the banking elite, as described by the Morgans in 1915, to suppress“everything in opposition to [their] wishes.” If we ever were to gravitate to an all digital money society, and were the masses to believe Time Magazine’s propaganda that “coins”, and not fractional reserve banking-induced inflation, is the “silent enemy of the poor”, then once a dissenting voice grows too strong and too loud, the banking cartel merely needs to zero out the digital bytes in that opposing voice’s bank account to effectively forever silence dissent.
Or consider other scenarios in which a 100% digital monetary system makes it incredibly easy to silence dissent. What if you believe in solar-activity based global warming but believe that the carbon-based global warming theory is a banker manufactured fraud to increase taxes on the people and you refuse to pay some bogus government legislated carbon tax because you sincerely believe it to be unjust? If we live in a 100% digital money world, civil disobedience and refusal to pay what you feel to be an unjust tax may become impossible as the banking cartel can merely digitally siphon off your funds without protest being possible. Banking cartel theft of citizens’ wealth (in addition to the already existing theft through inflation and various other taxes) obviously is more difficult under our present cash and coin system than it would be under a purely digital system. Consider the repercussions of bankers that try to impose an unjust new tax under a physical gold or physical silver monetary system. In order to enforce payment upon resistors, the banking/government cartel would have to send armed men into a resistor’s house to extract that money, with the risk that this resistor may react violently to these home invasions. This is a scenario that the elite banking families want to avoid at all costs, and thus the reason for their strong push to gain widespread acceptance of a purely digital monetary system.
In the meantime as Central Bankers push for mass acceptance of their digital monetary system through their media propaganda blitz, Central Banks continue to buy massive amounts of gold, even though they still employ their shills to tell you that gold is not money, affecting a remarkable about-face in policy from just a few years ago when they were consistently net sellers every year of 500 tonnes of gold or more. Today, Central Banks have to transformed from massive net sellers of gold into massive net buyers of gold. At a minimum, this turnaround from net selling to net buying in just the past several years is 1000+ tonnes but could possibly be in the multiples of this figure as “official” figures of gold purchases are always significantly understated due to Central Banks’ delays in reporting gold purchases or avoidance of reporting purchases at all. For example, China has not officially reported any increase in their official gold reserves since 2009 although their imports of physical gold through the port of Hong Kong has recently been skyrocketing. Could it be a mere coincidence that Central Banks are so concerned with buying as much physical gold as possible right now at a time when their owners are engaging on a massive propaganda campaign in pushing an agenda of a 100% digital monetary source? I think not.
Furthermore, the Central Bank race to the bottom in their fiat currency devaluation war and their devolution into a permanent Zero Interest Rate Policy continues to chug along. Just this past week, the Reserve Bank of Australia cut its key interest rate by 25 bp. When is the last time you heard a Central Bank in any major global economy help protect the purchasing power of people’s savings and in particular, help the elderly in their country that depend upon the preservation of the purchasing power of their savings, by raising interest rates? Thus despite the global stock market’s surge in the past couple of days that is largely attributable to the leaked news from the WSJ’s Jon Hilsenrath that QEIII is back on the table, I’m not as positive as everyone else seems to be that the Feds will make such an announcement at their next meeting this upcoming June 19th and 20th. Why my uncertainty in a sea of certainty? For one, the Feds have a reputation for deviously building expectations in the public eye and then doing the exact opposite of what the public expects to gain the maximum desired effect in their manipulations. As I’ve stated dozens of times in the past, I believe that the end game of the Central Banking cartel is to usher in another manufactured crisis that utterly destroys the US dollar and the Euro so that they can implement measures, perhaps a pure digital money society, that allows them to consolidate their power over the people to an even greater degree. Of course, creating and introducing trillions of additional dollars into the monetary base will effectively destroy the dollar over time, as it reinforces their current “extend and pretend” strategy.
However, should the Rothschilds, Warburgs, Rockefellers, Morgans et al decide that they want to expedite the destruction of people’s wealth in a more efficient and rapid manner, they could withhold the creation of the trillions of more dollars that would be necessary to uphold the financial derivatives market afloat, and instead, in withholding this money, cause the derivatives market to implode, thus triggering the blowback of bank failures across Europe and the US. And voila! The Central Bankers would accomplish their mission of destroying the people’s wealth in a much more timely manner than continuation of their extend and pretend policy. Thus, this is the great irony of our current situation. The criminals that run the Great Ponzi Embezzlement Scheme that is our global monetary system can deliberately destroy people’s wealth (that have no physical gold and physical silver and that store their wealth in fiat paper currency) through a number of options, and only they know what option they will choose. Thus, in the end, though global markets are reacting now as if QEIII is a done deal already, I would proffer up a guess, that at best, it’s only about a 50/50 shot that this will happen. If gold and silver continue to rise into the June 19th and 20th Federal Reserve meeting then the chances of inaction and the probability against another massive round of fiat money creation rise considerably above 50/50.
In any event, does a 100% digital money society benefit any citizen in any of the 193 countries in the world? In one word, no. Thus, we must do everything in our power to ensure that this global banking elite agenda is not fulfilled. I know that many people feel that the fight against the immoral banking cartel is futile, but I assure you that this is not the case. Recently, I conducted a simple poll at the SmartKnowledgeU Facebook page to try to assess what percent of the population understands that our current monetary system is inherently fraudulent and immoral. Of 649 people that read the post, 53, or 8.2%, stated that they understood this fact. Though some people that responded to the poll stated their frustration that the percentage was not much higher, when I conducted a similar poll 5 years ago, this percentage was much lower, at less than 4%. So the percentage of people that are awakening to the truths of our monetary system has doubled in just five years and I believe, continues to grow every day. Thus, unlike politicians that always preach but never deliver hope, we do have reason for real tangible hope to win the war against the banksters. Furthermore, one anthropology study determined that the trigger point for knowledge to go viral in a community is only 8% so we possibly may be right on the verge of monetary truths about our corrupt banking system going viral around the world. And when this happens, our war to establish a sound monetary system becomes infinitely more winnable.
One of the most effective tools of countering the elite banking cartel’s agenda is simply to buy more physical gold and physical silver and/or to convert a comfortable percentage of your paper fiat savings into physical gold and physical silver. I’ll explain exactly why such a simple maneuver will continue to protect you from the possibly devastating consequences of the global monetary end game in future writings. In the meantime, please don’t be fooled by the current banking cartel propaganda campaign that they want to offer us a purely digital monetary system for our “convenience” or to help solve “poverty”. Such an agenda to get rid of all other forms of money other than digital money is 100% about the banking elite’s desire to attain absolute control over us and nothing more. If we allow such an atrocity to become reality, we can effectively kiss what little economic freedoms we still retain goodbye. Thus we have no choice but to keep faith that we will win this battle.
About the author: JS Kim is the Founder and Managing Director of SmartKnowledgeU, a fiercely independent research & consulting firm that concentrates on providing guidance in using thePrecious Metals of Gold & Silver to preserve and grow wealth with a greater mission of fighting for the re-establishment of a sound monetary system worldwide. The SmartKnowledgeU Crisis Investment Opportunities newsletter has returned a cumulative positive yield of +155.57% from its inception in June, 2007 to June, 2012 despite the massive volatility and banking cartel manipulation of gold and silver. In the meantime, from 2001 until June 2012, the S&P 500, when priced against gold, has lost 84% of its value. Follow us on Twitter @smartknowledgeu.