Government Plan Would Transform Israel Into The World’s
First Cashless Society
by Michael Snyder | American Dream | May 27,
Will Israel be the first cashless society on the entire
planet? A committee chaired by Israeli Prime Minister Benjamin Netanyahu’s chief of staff has come up with a three
phase plan to “all but do away with cash transactions in Israel”. Individuals and businesses would still be
permitted to conduct cash transactions in small amounts (at least initially), but the eventual goal is to force
Israeli citizens to conduct as much business as possible using electronic forms of payment. In fact, it has been
reported that Israeli officials believe that “cash is bad” because it fuels the underground economy and allows people to avoid paying
taxes. It is hoped that requiring most transactions to be conducted in cash will reduce crime and help balance
the national budget. And once 98 or 99 percent of all transactions are cashless, it will not be difficult for
the Israeli government (or any other government) to go the rest of the way and ban cash transactions altogether.
But is a cashless society actually desirable? This is a question that people all over the world will have to
start asking as governments increasingly restrict the use of cash.
The government on Tuesday authorized establishment of a committee that will examine ways to eliminate cash
from the Israeli economy – the better to prevent citizens from cheating on their taxes. The committee will be
chaired by Harel Locker, director of the Prime Minister’s Office.
Officials in the Prime Minister’s Office declared that “around the world, it is recognized that cash is a
key element of the illegal economy and money laundering. It allows a wide gap between reported and actual
incomes, with the corresponding effect on tax revenues.” By eliminating cash, the PMO said, “it will be
possible to expand the tax base, and prevent money laundering.” The committee will study the issue from all its
perspectives and make recommendations, the PMO said.
The committee has had quite a few months to examine these issues, and now they have come back with their
recommendations. Just this week we learned that a three phase plan is being proposed…
A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has
recommended a three-phase plan to all but do away with cash transactions in Israel.
The motivation for examining a cash-less economy is combatting money laundering and other tax-evasion
tactics, thereby maximizing potential tax collection and greatly expanding the tax base. This is important
considering the enormous strain put on Israel’s national budget by the army, healthcare system and other public
The committee estimated that the black market represents over 20 percent of Israel’s GDP, and cash is the
facilitating factor. Cash enables tax evasion, money laundering and even financing terrorism.
So what do the specifics of the plan look like?
Well, there will be very strict limits on the use of cash for individuals and businesses, any violations will be
considered criminal offenses, and all Israeli banks will be required to issue debit cards to all account holders…
What the committee would like to see happen, pending government approval, is greater restriction on the use
of cash, limiting the use of checks as a means of payment and exchange for cash, and promotion of the use of
electronic (and therefore verifiable) means of payment.
The following guidelines were set out by the committee for the short-term:
Limit business transactions done in cash or by check to NIS 7,500 ($2,150) immediately, and reduce that
further to NIS 5,000 ($1,433) one year from the date of legislation;
Limit private transactions done in cash or by check to NIS 15,000 ($4,300);
Any violation of these limitswould be a criminal offensewarranting a stiff fine.
In conjunction with these new restrictions, Israeli banks would be required to provide all account holders
with debit cards to further promote electronic payments.
But of course this move toward a cashless society is not just happening in Israel.
In most Swedish cities, public buses don’t accept cash; tickets are prepaid or purchased with a cell phone
text message. A small but growing number of businesses only take cards, and some bank offices — which make
money on electronic transactions — have stopped handling cash altogether.
“There are towns where it isn’t at all possible anymore to enter a bank and use cash,” complains Curt
Persson, chairman of Sweden’s National Pensioners’ Organization.
And the U.S. is starting to move in that direction as well.
According to a study conducted by MasterCard, approximately 80 percent of all consumer transactions in the United States are now cashless.
But isn’t there a downside to all of this?
Just about everything that we do in life involves money. So yes, a government can track electronic payments to
make sure taxes are being paid and money laundering is not happening, but it would also enable a government to do
so much more.
If a government can track all of your transactions, it will essentially be able to monitor everywhere you go and
pretty much keep track of virtually everything that you do.
If you doubt this, just try to live without any money some time.
You won’t get very far without putting some gas in your vehicle.
And without being able to buy food, you will get hungry pretty quickly.
Are you starting to understand?
This is why governments love the idea of moving toward a cashless society. It would give them an immensely
powerful surveillance tool.
So let us hope that this does not happen in Israel or anywhere else in the world either.
New Disney RFID
Creepy New Disney RFID Bracelet to Allow Park Mascots to
Greet Your Child By Name
Frankly, Disney creeps me out, and my research affirms that those feelings are not at all
misplaced. When I saw that one of the new capabilities of Disney's ever-so-magical RFID bracelet program was to
allow the middle-aged guy with no background check who dresses like Goofy and wonders the park greeting kids all
day to know people's children *by name*, I thought this definitely requires a report.
So remember kids, don't talk to strangers (even if they know your name and are dressed like a giant smiling
Trendy Cashless Society? Welcome to the Electronic
Ads are everywhere inundating us with the
idea that it's going to be so cool and hip and trendy when our wallets (and currency) are totally digital,
everything is automated, and they try to make us get barcodes tattooed on our bodies to verify our accounts... but
I think it's going to be a little more like In Time meets The Net meets Gattaca meets Hunger Games meets Terminator
meets Blade Runner meets The Matrix meets Idiocracy.
A shopping street in Manchester has
banned cash as part of an experiment to see if Brits will accept a cashless society, while all London buses will
stop accepting cash payments from next month onwards.
The purpose behind the experiment, which will take place in Chorlton, South Manchester, is to “test
customers and business reaction to the idea” and is being overseen by credit card processor Handepay.
According to the Manchester
Evening News, the experiment is being conducted with the expectation that, “physical currency will disappear
inside 20 years.”
Meanwhile in London, the city’s network of buses will stop accepting cash payments
from July 6, with customers needing to use an Oyster card, pre-paid ticket or contactless payment cards in
order to travel.
“This is a major effort to move in preparation for the cashless society,” writes economist Martin
Armstrong, adding, “While the goldbugs have been touting that gold will rise and the dollar will collapse
because of fiat money, technology has passed them by making their arguments barbaric relics of the past.”
While the whole idea is being marketed as an inevitable consequence of the decline in cash payments
and the rise of credit cards and contactless payment technology, many in the privacy community see the elimination
of cash as another means of abolishing anonymity.
Following the Edward Snowden revelations last year, it
emerged that the NSA was “sweeping up the entire haystack” of credit card transactions for analysis while,
“obtaining purchase information from credit card companies.”
Alternatives to cash that could still provide anonymity, such as crypto-currencies like Bitcoin,
are slowly being adopted by more stores and chains, but at nowhere near the rate required to provide a viable
competitor to the likes of Google Wallet and Paypal.
Google – The New Bank – Rollover BitCoin & Banks – Its
the Internet Revolution The real birth in electronic money is not Bitcoin, but Google
The real birth in electronic money is not Bitcoin, but
Google Wallet. Standing in line at Starbucks you will see the under 25 crowd pay with their cell phones. Sorry, but
Google is already there. Bitcoin cannot compete nor will traditional banks. Just as Amazon reduced book publishers
to a subservient role at their direction, and book stores went out of business, while the internet is rendering
newspapers obsolete, the trend to pay attention to is Google Wallet, which is targeting the traditional banks.
Google has launched in the US market its electronic purse known as the Google Wallet. This
form of electronic money enables users to pay for the internet as well as a rising number of stores like Starbucks.
However, Google Wallet also allows you to send and receive money. In Europe, the search
engine already has a banking license and could start at any time. Because Google’s Android operating system runs on
many smartphones, the company has the ready market globally. Google Wallet has the best
conditions to establish their electronic money in Europe including Germany and Switzerland than any other system.
The younger the generation, the greater the market share Google already has in place. Extending their business into
banking will be much easier than anyone anticipates. Google is poised to emerge as a bank that nobody seems to
quite appreciate at this time.
Apple’ latest iPhone is also equipped with a fingerprint sensor. The strategy in product
development is clear. With this technology, your cell phone can become the most secure credit card because it will
require your fingerprint to function. Apple is using this technology in its music platform iTunes that again is
used in a greater proportion as you move down the age group..
Facebook is also applying for a banking license in Ireland. They intend to offer banking using
its vast worldwide online network throughout Europe. We are looking at a younger generation moving rapidly to
electronic money much faster than the older generations even think is possible.
We will see Google and Facebook emerge with electronic accounts for a client-base that will increasingly move
away from brick-and-mortar banks rendering them obsolete just as Amazon wiped out a lot of bookstores. A Camera
shop that has been here in my neighborhood for 40 years is closing at the end of June. When I ask why? The response
was they cannot compete any long with their expenses.
Banks are dinosaurs and are simply incapable of competition. They are as incapable of competing as the local
camera store or the newspapers that cater to the older generations, not the younger. This is a wave of Creative
Destruction that is in part contributing to the rising systemic unemployment as technology renders many jobs
The Internet giants of Google, Apple and Facebook already have the millions of customers established. They are
tracking their buying behavior precisely. They can target customers like never before and making the next step in
banking to lending will be a breeze. Credit applications are already being approved electronically in minutes. This
makes much of the banking staff redundant.
Moving to electronic money is being aided by this technology shift. So while the older generation pray for
Bitcoin, the real money is in the hands of Google, Apple, and Facebook who do not have to sell their names to get
people to trust them and like PayPal, you can keep your account in your home currency and pay in whatever currency
Companies will ne moving more and more toward this shift in money. Once we see Google, Apple, and Facebook move
to the next big step of lending, say goodbye to the banks of old. If someone online buys a book or bids for
something on Ebay, his Internet company might will simply then offer you the right loan. Consumer loans are
relatively set formulas and computers by default calculate the risks and decide approve of not.
In Germany just over a 25% of all Internet purchases is now being paid for using the Ebay’s subsidiary
PayPal, with estimates in volume exceeding almost 150 billion euros. Ebay’s subsidiary has
startled the financial industry and offers credit. You can link a credit card to the account and charge that card
automatically.The German banks are too traditional to even contemplate how to compete.
As the economy turns down, banks will be unable to comepte with rising costs in a down market. In Germany, the
Samwer brothers who have the online shoe retailer Zalando added Lendico, which has a similar
concept like Lending Club. This is part of the internet revolution that is as significant as the industrial
revolution was back during the 19th century. Banking is a rapidly collapsing industry just as newspapers.
Mainstream news will not be around much longer for the younger generation pay no real attention to them and shows
like MSNBC and FOX are really just propaganda selling their political views rather than reporting a fair and
balanced news service. Banking will be unrecognizable in another decade.
Central Banks in Other Countries to Require Biometrics to
You think the big brother surveillance state
is getting creepy here in America, check out what central banks are doing in other countries.
Via All Africa:
In line with the ongoing initiative of the Central Bank of Nigeria (CBN) and the Bankers’
Committee (comprising Chief Executives of the nation’s deposit money banks), banks across the country are to begin
capturing of customer biometric data as part of Bank Verification Numbers (BVN).
The rollout of the BVN solution for the identification and verification of bank customers is
expected to begin in 1,000 selected bank branches across Lagos, as a prelude to a nationwide rollout.
This is in alignment with the phased approach adopted in executing the three-tiered
Know-Your-Customer (KYC) and cashless policy of the CBN.
That’s right. In addition to the Central Bank of Nigeria’s new cashless policy — which aims at “reducing” the amount of paper money and coins
circulating in the economy and encouraging more electronic transactions by adding a ‘cash handling charge’ — a
new biometric program will require customers to sign up for a Bank Verification Number and present themselves at
any branch for fingerprinting (all 10 fingers), facial image capture, and more.
No customer will be able to do any banking whatsoever without those fingerprints.
Some articles have also tossed around voice recognition and retina scans as well.
All to “revolutionize” banking…for people’s safety and security, of course.
CBN Governor Lamido Sanusi launched the new biometric registration at the head office on behalf of
the Bankers’ Committee in February. Punch quoted Sanusi as saying, “We have launched the Bank Verification Number today,
the timetable suggests that within 18 months, every customer would have been registered. This is a day that we
would remember for many reasons, not for where we are but where we are likely to get from here. Nobody can steal
this identity except he or she steals my fingers…”
Apparently this guy hasn’t seen a whole lot of science fiction films.
The nation of India has instituted similar measures, recently rolling out a massive biometric
identity system which aims to collect the iris and fingerprints of every single one of its over a billion citizens,
linked to a 12-digit identity number.
Never mind that iris scanners and fingerprint IDs have all been easily fooled. Someone has been
reading a lot of the Bible lately, specifically Revelations.
These types of measures are being rolled out in developing nations first, but don’t worry, they’ll
make their way here soon enough.
Eventually, no one will be able to buy or sell anything without giving up their biometrics to big
brother and his database.
U.S. Bank and Wells Fargo are already piloting voice recognition biometrics as I type this.
Americans will be caught in the middle between rioters and
the police state
October 16, 2013
By encouraging mass dependency on the welfare state, the
Obama administration is ensuring that nationwide rioting due to a large-scale collapse of the food stamp program
will “justify” an explosive expansion of the police state.
The administration’s goal to dramatically increase food stamp enrollment, officially known as the Supplemental
Nutrition Assistance Program (SNAP), follows a strategy called pressure from above and below, in which the
government deliberately creates problems in order to offer “solutions” which only expand government powers at the
expense of individual rights.
The government’s “solution” to nationwide rioting due to a crash in the food stamp system will no doubt involve
a federalized police state takeover, perhaps even martial law, with Department of Homeland Security tanks and VIPR
squads roaming America’s streets to supposedly “restore order” out of the chaos while ignoring the Bill of Rights
“The hidden objective will be to expand the power of the bureaucracy and to move the country closer to the
ultimate goal of total government,” wrote G. Edward Griffin in a related essay.
The government’s deliberate push for welfare dependency is obvious considering that the USDA spent vast amounts
of taxpayer money to encourage illegal immigrants to apply for food stamps through television and print ads.
On July 19, 2012, the Daily Caller
reported that the USDA began working with the Mexican government to “increase participation in SNAP.”
Knowing that there was more to the story, Judicial Watch made a Freedom of Information Act request the next day
asking for “any and all records and communications” relating to the USDA/Mexico food stamp partnership.
Nine months later, Judicial Watch received welfare promotional documents including a
Spanish-language flyer targeted to illegal immigrants, telling them that they do not need to “divulge
information” regarding their “immigration status” in order to receive welfare benefits for their children.
The USDA was running Spanish-language television ads promoting the food stamp program to illegal immigrants
as early as 2006, during
the Bush administration.
Once Obama took over, however, welfare enrollment exploded.
“Since President Obama came into office, SNAP participation has increased at 10 times the rate of job creation,”
Sen. John Thune (R-SD) said. “This explosive growth in both the SNAP enrollment and federal cost of the program is
This skyrocketing increase in government dependency is no accident.
By pushing for massive enrollment into SNAP, the Obama administration is making a sizable number of people
dependent on welfare to the point where they will riot if they are denied access to food stamps, which the
government controls at whim.
The government can therefore trigger violent food stamp riots, either intentionally or through incompetence, and
DHS can exploit the ensuing chaos to expand its power while unleashing its stockpile of armored tanks and
rounds of ammunition onto We the People.
Under a two-prong attack of pressure from above and
pressure from below, the American people will be in serious danger of losing their lives, their rights and what
remains of the republic.
This article was posted: Wednesday, October 16, 2013 at 9:37 am
In the video below, Alex Jones highlights how the
Guardian Centers video is yet another startling indication that authorities in the United States are preparing for
civil unrest as America increasingly begins to resemble a militarized police state.
Predicted: Digital Slave
Currency Biometrics lead to a system of control more dangerous and
deceptive than anything seen throughout history
by Infowars | June 26, 2014
The social engineers who control the planet have been extremely open and
brazen about their plans to create a totally controlled society in which humans act and operate as biological
Technology has been developed over the past 100 years to
carry out dehumanization and eugenics in order create a system more dangerous and deceptive than anything seen
Alex goes back into the Infowars archive to cover his arrest shown in his first film America Destroyed By Design, where he illustrated that even as early as the 1990s,
biometrics were being implemented at drivers license facilities by way of thumbprint scanning in order to bring
in a unified national ID card.
Washington is owned by the private global
banking cartel that owns Wall Street. International law does not apply to this criminal cartel. They stole
trillions of dollars from the American people with help from corrupt politicians over a stretch of many decades,
culminating in the government bailout in 2008, and they have not been held accountable.
These bandits and looters could care less if America crashes and burns. In fact,
they want America to die because they want to institute a private world government upon its ruins. And they’re
doing a fantastic job at it because they’ve had decades of practice in nations in Latin America, Africa, and
Asia where they bought off greedy politicians, and robbed their people through the IMF/World Bank/WTO.
The entire business model of the private global banking tricksters is based on stealing the wealth
of nations, and destroying national independence in order to allow lawless multinational corporations to completely
take over. Read this article about how they do it.
Once nations are put into needless debt by these private global bankers, they put the squeeze on
them by forcing them to pay back usurious loans that make them go bankrupt. After the inevitable mayhem that
follows national collapse, they impose a military dictatorship so that the people can’t resist. Damon Vrabel calls
it the “death of nations.” He writes:
The fact is that most countries are not sovereign (the few that are are being attacked by
CIA/MI6/Mossad or the military). Instead they are administrative districts or customers of the global banking
establishment whose power has grown steadily over time based on the math of the bond market, currently ruled by the
US dollar, and the expansionary nature of fractional lending. Their cult of economists from places like Harvard,
Chicago, and the London School have steadily eroded national sovereignty by forcing debt-based, floating currencies
Civilized nations stand up for themselves,
they don’t bow down to private bankers. America can prove to the world that it is civilized, honest, and free by
showing the global banking overlords the door.
The way to fight back against the global robbers at the privately owned Federal Reserve
Bank/IMF/World Bank and the big banks is entirely peaceful. It is a matter of exposing their deviance and deception
to the public, and then hitting the streets. An enemy can’t be defeated unless it remains in the shadows, striking
at will. Directing public light at the private global banking cartel’s evil influence over nations that are thought
to be free and independent by the people is the only way to bring an end to their crimes, and treachery against
A new civilization based on the divine values of freedom, justice, truth, and mutual respect among
nations, and private institutions, can’t be born unless we all come together as global citizens and fight back
against the unlawful rule of the private global banking cartel. Our countries are suffering because of their greed
and ruthless control.
The austerity measures that are being called for by the banks and the elite is bringing chaos onto
the streets of Europe on a scale never before seen, and it won’t be long before America enters the stage. We are
nearing the moment when the globalist conspirators behind the plans for a new world order will openly declare the
end of America. When they do, we shall declare the end of them, and fight for the rebirth of America, and all of
Only an order based on the rule of law and freedom should be accepted. The conspiratorial elite
intend to achieve a new world order through this period of engineered chaos not by law, but by brutal force because
it is the only way to impose a criminal, bank-owned government on a global scale. Despite their rhetoric, these
devilish traitors are not visionary thinkers because corrupt designs for a world state isn’t new in history. Their
arrogance is a cover. They will fail hard. And America will be set free from bondage, along with other nations.
“This is global government, a private corporate global government, taking over every major society
with the same formula. It is fraudulent, and it must be resisted, or we have no future. We cannot allow this new
dark age to begin,” says radio host Alex Jones in a YouTube video message entitled “It’s the Bankers or Us.” Watch
his message, and spread it.
There is a peaceful global revolution against the private global banking cartel, and it can’t be
stopped. Join it and help everyone live free, or die a slave under the empire of debt.
DERIVATIVES : The Debt
The derivatives market is the Las Vegas of the world's financial
super elite, worth anywhere between 2 to 8 quadrillion dollars compared to about 70 trillion dollars of world
GDP. We look at the so-called financial innovations of Wall Street from Collateralized Debt Obligations to
Mortgage Backed Securities.
We also look at US government's complicity; White House and Congress both vested
interests not only as recipients of Wall Street largess in the form of campaign donations but as major players with
criminal asymmetrical information and influence advantages.
Feds Urge Banks to Call Cops on Customers Who Withdraw
$5,000 or More
War on cash intensifies
by Paul Joseph Watson | March 24, 2015
The Justice Department is ordering bank employees to
consider calling the cops on customers who withdraw $5,000 dollars or more, a chilling example of how the war on
cash is intensifying.
Banks are already required to file ‘suspicious activity reports’ on their customers, with threats
of fines and even jail time for directors if financial institutions don’t meet quotas.
But as investor and financial blogger Simon Black points out, last week, “A senior official from the Justice Department spoke to a
group of bankers about the need for them to rat out their customers to the police.”
Assistant attorney general Leslie Caldwell gave a speech in which he urged banks to “alert law
enforcement authorities about the problem” so that police can “seize the funds” or at least “initiate an
As Black highlights, according to the handbook for the Federal Financial Institution Examination
Council, such suspicious activity includes, “Transactions conducted or attempted by, at, or through the bank (or an
affiliate) and aggregating $5,000 or more…”
Black provides a chilling scenario under which an attempt to withdraw your own money from your bank
account could end with a home visit from the cops.
“As you pull into your driveway later there’s an unexpected surprise waiting for you: two police
officers would like to have a word with you about your intended withdrawal earlier,” writes Black, who accuses
banks of already operating as “unpaid government spies”.
“Do you need to withdraw cash to purchase a used car from a private seller? Or perhaps you are
pulling out some emergency cash for a loved one,” writes Mac Slavo.
“Either one of these activities are now considered suspicious and if your cash withdrawal amounts
to even a few thousand dollars your bank teller is under a legal requirement to alert officials about your
suspected criminal activity. And before you argue that you can’t possibly be a suspect because you have done
nothing wrong, consider that even being suspected of being a suspect is now enough to land you on a terrorist
watchlist in America.”
The war on cash is intensifying as authorities attempt to crack down on one of the few remaining
modes of anonymity.
Over in France, Finance Minister Michel Sapin hailed the introduction of measures set to come into force in September which will
restrict French citizens from making cash payments over 1,000 euros.
The new regulations, introduced in the name of fighting terrorism, will also see cash deposits of
over 10,000 euros during a single month reported to anti-fraud authorities.
Back in America, purchasing Amtrak train tickets with cash is being treated as a
suspicious activity as part of a number of behaviors that are “indicative of criminal activity”.
Banks are also making it harder for customers to withdraw and deposit cash, with Chase imposing new capital
controls that mandate identification for cash deposits and ban cash being deposited into another person’s
In October 2013, we also
reported on how Chase instituted policy changes which banned international wire transfers while
restricting cash activity for business customers (both deposits and withdrawals) to a $50,000 limit per statement
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A failed attempt to recruit Aaron Russo resulted in recent
light being shed on the CFR, The Fake War On Terrorism,
And A Cashless Society
ago, after his popular video “Mad As Hell” was released and Aaron Russo began his campaign to become
Governor of Nevada, Russo was noticed by Nicholas Rockefeller and introduced to him by a female attorney. Seeing
Russo’s passion and ability to affect change, Rockefeller set about on a subtle mission to recruit Russo into the
elite’s CFR. Watch the full interview here: Reflections and
Aaron Russo talks about the CFR, The Fake War On Terrorism,
And A Cashless Society
Aaron Russo talks about the CFR, The Fake War On Terrorism, And A Cashless