Is Cryptocurrency the Currency of the Elite’s Cashless Society?

Authored or posted by | Updated on | Published on May 15, 2016
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Picture of Digital One Dollar

On September 19, 2015, I published an article about why cryptocurrency may be the currency that the Elite/Controllers want to use to create their cashless society. That article is titled The Artificial Matrix and the Hidden Agenda of Cryptocurrency. It looks like my prediction is right. The Elite of the New World Order (NWO) want a cashless society, because it is much easier to financially enslave the people when all forms of paper money are turned into digital currency.

Here is an excerpt from TheEconomicCollapseBlog.com about the new digital cash system:

Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City.  During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”.  Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data.  This “revolutionary” technology is intended to completely change the way that we use money, and it would represent a major step toward a cashless society.  But if this new digital cash system is going to be so good for society, why was it unveiled during a secret meeting for Wall Street bankers?  Is there something more going on here than we are being told?

None of us probably would have ever heard about this secret meeting if it was not for a report in Bloomberg.  The following comes from their article entitled “Inside the Secret Meeting Where Wall Street Tested Digital Cash“…

On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc. They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software.

By the end of the day, they had seen something revolutionary: U.S. dollars transformed into pure digital assets, able to be used to execute and settle a trade instantly. That’s the promise of a blockchain, where the cumbersome and error-prone system that takes days to move money across town or around the world is replaced with almost instant certainty.

So it is not just Michael Snyder from The Economic Collapse Blog that is referring to this gathering as a “secret meeting”.  This is actually how it was described by Bloomberg.  And I think that there is a very good reason why this meeting was held in secret, because many in the general public would definitely be alarmed by this giant step toward a cashless society.

The technology that Chain is using to transform U.S. dollars into “pure digital assets” is based on cryptography and works similar to the blockchain technology behind Bitcoin. Here is an excerpt from Chain.com about their blockchain technology:

The Chain Open Standard supports the creation of an unlimited number of cryptographically unique Asset IDs. Similar to a CUSIP or an ISIN, an Asset ID is a globally unique identifier that represents a set of fungible financial instruments.

An Asset ID is associated with an Asset Definition. Asset Definitions may specify self-enforcing rules such as requiring multiple signatures for issuance, placing limits on total circulation, and constraining transfers to meet specific conditions. They may also include an unlimited amount of reference data – data hashes, raw bytes, JSON objects, etc.

Once issued, units of an Asset ID can be programmatically transacted with smart contracts or retired from circulation.

It looks like the Elite and their corporate banks are now taking major actions to take over the cryptocurrency market, so that they can destroy any cryptocurrency that is a threat to their banking empire. If the Elite were to succeed in creating their cashless society, they would be able to control nearly 100 percent of the financial transactions that are processed through their cashless system.

I encourage people who care about their freedom to NOT support the cashless system of the Elite. Without the people’s support, the Elite’s cashless system will fail, and therefore their New World Order will also fail.

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Category: Cryptography, Economy & Finance, New World Order

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