Author Topic: Bankers Plan secret London meeting to "end Cash" (Read 1183 times)

Binechi · « **on:** May 29, 2015, 08:19:03 AM »

Bankers plan secret London meeting to ‘end cash’
http://www.hangthebankers.com/bankers-secret-london-meeting-end-cash"

Economist Martin Armstrong claims there is a “secret meeting to end cash” set to take place in London before the end of the month involving representatives from the ECB and the Federal Reserve.

Armstrong, who is known for successfully predicting the 1987 Black Monday crash as well as the 1998 Russian financial collapse, expressed his shock that no news outlet has reported on this upcoming conference.

“I find it extremely perplexing that I have been the only one to report of the secret meeting in London. Kenneth Rogoff of Harvard University, and Willem Buiter, the Chief Economist at Citigroup, will address the central banks to advocate the elimination of all cash to bring to fruition the day when you cannot buy or sell anything without government approval,” writes Armstrong.

“When I googled the issue to see who else has picked it up, to my surprise, Armstrong Economics comes up first. Others are quoting me, and I even find it spreading as far as the Central Bank of Nigeria, but I have yet to find any reports on the meeting taking place in London, when my sources are direct.”

Armstrong first brought attention to the alleged meeting earlier this month when he revealed that representatives from the Federal Reserve, the ECB as well as participants from the Swiss and Danish central banks would all be attending a “major conference in London” at which Kenneth Rogoff of Harvard University, and Willem Buiter, the Chief Economist at Citigroup, would give presentations.
Read on...

PerEvangelicaDicta · « **Reply #1 on:** May 29, 2015, 09:08:56 AM »

Just in time for the G7 meeting a week later in Bavaria, followed a few days later by the Bildeberg meeting in Tyrol, a few kilometers over the border.

The whole world is managed, manipulated and enslaved by these interconnected vermin.

Croix de Fer · « **Reply #2 on:** May 29, 2015, 01:33:27 PM »

Banksters & The End Of Cash

[youtube]https://www.youtube.com/embed/M7cjDincVu0[/youtube]

CathMomof7 · « **Reply #3 on:** May 29, 2015, 02:14:40 PM »

Cash is Trash

Viva Cristo Rey · « **Reply #4 on:** May 29, 2015, 11:27:26 PM »

Apple has new pay app.
Also, more small local banks are closing going paperless and preparing to do bank texting.
As cyber crime increases.

Peter15and1 · « **Reply #5 on:** June 08, 2015, 07:58:15 AM »

Aparently, it isn't really a secret:

Quote

A plan to cut cash out of shopping could see Denmark become the first country to ditch notes and coins altogether.

The Danish government has proposed that most stores could dump their cash registers from January 2016.

Essential services, such as hospitals, pharmacies and post offices, would still have to accept cash under the plan, which is some way from becoming law.

Denmark, with its Scandinavian neighbors Norway and Sweden, is leading the global trend towards electronic money.

Business groups point to benefits such as reduced handling and transport costs, increased security and a drop in attempts to steal cash.

A cashless society is "no longer an illusion but a vision that can be fulfilled within a reasonable time frame," said Michael Busk-Jepsen, executive director of the Danish Bankers Association.

Right now all retailers in Denmark must take cash. But that hasn't stopped huge numbers of Danes embracing digital options.

Nearly 40% of the population use Danske Bank (DNSKY)'s MobilePay, which allows money transfers between people, as well as purchases in stores or online.

Norway and Sweden tell a similar story.

Scandinavians rely on cash for less than 6% of all payments made. By contrast, around 47% of U.S. payments are still made with cash, according to the Norwegian central bank.

In Sweden, you can even use a card to buy street newspapers sold by homeless people. Card reader maker iZettle said sales of Situation Stockholm have jumped following the introduction of mobile payments.

And one of the country's most famous names, Abba's Björn Ulvaeus, has been a vocal supporter of a cashless society.

The trend toward digital money is accelerating elsewhere in Europe.

Non-cash payments rose 6% in 2013, according to data from the European Central Bank. Cashless payments overtook those made with notes and coins in the U.K. for the first time last year.

Even the United Nations, alongside the Bill and Melinda Gates Foundation, wants societies to forego cash for more virtual transacting. It wants to cut costs and improve transparency, and is working with governments and the private sector to encourage more use of electronic payments.

Still, a cashless society isn't great news for everyone. Digital transacting carries growing fraud and security risks, while the elderly and marginalized groups have limited access to electronic payment options.

The most recent figures from the ECB show fraudulent use of bank cards is racking up billions in costs for unlucky consumers.

Total card fraud in Europe hit €1.3 billion ($1.4 billion) in 2012, a near 15% jump on the year earlier.

http://money.cnn.com/2015/06/02/technology/cashless-society-denmark/index.html?iid=ob_homepage_tech_pool&iid=obnetwork