The G20 moves the world is a step closer to a global currency

Run_to_da_hills

The G20 moves the world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity according to theTelegraph.

A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.

"We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity

This makes it more credible that the recent global banking crisis was orchistrated to create this "crisis"

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5096524/The-G20-moves-the-world-a-step-closer-to-a-global-currency.html

Whats in store for us. :eek:

humanji

How is any of that connected?

Veni Vedi Vici

This is where RTDH most likley sourced it from (i.e. infowars):

A single clause in Point 19 of the communiqué issued by the G20 leaders amounts to revolution in the global financial order.“We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity,” it said. SDRs are Special Drawing Rights, a synthetic paper currency issued by the International Monetary Fund that has lain dormant for half a century.

In effect, the G20 leaders have activated the IMF’s power to create money and begin global “quantitative easing”. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.
It has been a good summit for the IMF. Its fighting fund for crises is to be tripled overnight to $750bn. This is real money.

SOURCE: http://www.infowars.com/the-g20-moves-the-world-a-step-closer-to-a-global-currency/

Run_to_da_hills

Veni Vedi Vici wrote: »

This is where RTDH most likley sourced it from (i.e. infowars):

Alex Jones is the "Mc Donalds" of CT sites.

No Here,

http://nwoobserver.wordpress.com/2009/04/08/the-g20-moves-the-world-a-step-closer-to-a-global-currency/

Veni Vedi Vici

And the nwoobserver is the Burger King I presume?

What else do you forsee the in terms of global currency and 2009?

Run_to_da_hills

Veni Vedi Vici wrote: »

And the observer is the Burger King I presume?

What else do you forsee the in terms of global currency and 2009?

First of all I will let you know that I got iNFRACTED by Bonkey for posting two images of something that I definitely believe will pay a major roll in this up and coming global currency .Something that I would have appreciated if it had been mentioned publicly.

I also believe that this "currency" will be totally invisible and all authorised financial transactions will be carried out only through these same depicted devices.

The NFC touch pad reader is already extensively used in global transit systems and will be promoted iin the near future to appear in other places, including at ATM.s, check outs, security portals, fast food outlets, service stations, vending machines and USB devices. ETC.

Already the NFC Nokia 6131 is on sale in the UK. Forecasts predict 75 billiuon dollars in payment transactions in the next 5 years. http://www.contactlessnews.com/2008/07/15/nfc-phones-to-generate-75-billion-in-payment-transactions-within-five-years-says-new-report

The EU Parliament is already getting involved in legislation for the standardization of charger's for Mobile phone devices. No harm and is a bit too late however this law will make sure that you will never be without this very convenient up and coming tracking device and E Payment tool. http://www.bucksfreepress.co.uk/news/4271033.MEP_backs_universal_phone_charger_plan/

As I have mentioned before that i would expect to see these devices heavily subsidized by the financial institutes as well as service providers which will facilitate in their rapid roll out when the time comes.

http://www.contactlessnews.com/2008/07/15/nfc-phones-to-generate-75-billion-in-payment-transactions-within-five-years-says-new-report

Undergod

Can anyone explain to me how a global currency would work?

As I understand it, the value of a currency is like a relative measure of your economy's strength. But if there's a global currency, based on the global economy, there is nothing to compare it against. Where does the value come from?

And why would a global economy necessarily be a bad thing?

robtri

can anyone expalin to me how the roll out of an electronic credit/debit card is a conspiracy????
surely it is the same as a normal credit card and just as traceable???
I just don't see the conspiracy here

bonkey

Run_to_da_hills wrote: »

First of all I will let you know that I got iNFRACTED by Bonkey for posting two images of something that I definitely believe will pay a major roll in this up and coming global currency .Something that I would have appreciated if it had been mentioned publicly.

Fine. You got infracted for posting images that had nothing to do with the post you made.

Even had you been discussing NFC-based payment systems, they would be completely superfluous - they would add nothing to the discussion.

As it is, you were talking about the decisions of the G20, which are entirely unrelated to NFC-based payment.

uncleoswald

As far as the pictures go, nifty. I'm all for it. But I'm kinda new here and a bit confused, why does the OP think that because this will happen it is a sign of a global conspiracy? Surely its a logical technological step? Does the technologies mere existence point to a conspiracy or is there proof?

Run_to_da_hills

robtri wrote: »

can anyone expalin to me how the roll out of an electronic credit/debit card is a conspiracy????
surely it is the same as a normal credit card and just as traceable???
I just don't see the conspiracy here

Its who ever takes helm of the Global EFT system in the future that is the conspiracy. In effect they can control and monitor everyones movements and purchasing habits.

The future system of NFC touchpads is every just as tracible as todays chip & pin credit cards but today you still have the option of the annomnity of cash. Take cash away and your freedom goes with it.

robtri

Run_to_da_hills wrote: »

Its who ever takes helm of the Global EFT system in the future that is the conspiracy. In effect they can control and monitor everyones movements and purchasing habits.

The future system of NFC touchpads is every just as tracible as todays chip & pin credit cards but today you still have the option of the annomnity of cash. Take cash away and your freedom goes with it.

and I am sure at the time credit cards where invented they said they same thing....
can you show any proof that the government has sanctioned the removal of all cash from circulation????

bonkey

robtri wrote: »

can you show any proof that the government has sanctioned the removal of all cash from circulation????

Personally I'd settle for evidence that any government has even entertained such an idea seriously.

Run_to_da_hills

bonkey wrote: »

Personally I'd settle for evidence that any government has even entertained such an idea seriously.

Governments are playing a major part in the removal of cash from society

Particular in transit companies and state toll roads where they can track & trace whose going where. In London the Oystercard is the prime example and it wont be long until there will be no unregistered or cash option.

In Ireland the Westlink Toll plaza is also cashless without choice, although you can still pay by cash in retail outlets your registered vehicle is digitally tracked when you use these services.

We are also encouraged by state / semi state departments to purchase on line / pay bills using credit cards. Iarnrod Eireann offerers huge discounts for those that buy on line, It is also much more convenient to renew your motor tax on line, Pay your ESB bill etc.

robtri

Run_to_da_hills wrote: »

Governments are playing a major part in the removal of cash from society

Particular in transit companies and state toll roads where they can track & trace whose going where. In London the Oystercard is the prime example and it wont be long until there will be no unregistered or cash option.

In Ireland the Westlink Toll plaza is also cashless without choice, although you can still pay by cash in retail outlets your registered vehicle is digitally tracked when you use these services.

We are also encouraged by state / semi state departments to purchase on line / pay bills using credit cards. Iarnrod Eireann offerers huge discounts for those that buy on line, It is also much more convenient to renew your motor tax on line, Pay your ESB bill etc.

so companies and some state bodies encourage you to use a cashless option, this is because it is cheaper for them, over heads are massively reduced....
it does not show in any shape or form that the government wants to take all cash out of circulation.... this is what you said, can you back it up at all???
or is it the just your hunch??? come on lets see some evidence...

chillywilly

what would happen if there was one currency in the world?

bonkey

Run_to_da_hills wrote: »

Governments are playing a major part in the removal of cash from society

Thats a misrepresentation. Cash is not being removed from society. Cash has been found to be unsuitable or less-than-ideal in a number of situations, and alternatives have been found.

In London the Oystercard is the prime example and it wont be long until there will be no unregistered or cash option.

So there is a cash option.

You can pay for tickets by cash. You can top-up an Oystercard using cash.

The government haven't removed cash from this aspect of society.

In Ireland the Westlink Toll plaza is also cashless without choice, although you can still pay by cash in retail outlets

So its cashless except when you pay cash?

Or, put another way, its not cashless, because you can pay cash to travel over the Westlink Toll Plaza.

The government haven't removed cash from this aspect of society.

your registered vehicle is digitally tracked when you use these services.

This has nothing to do with the use or non-use of cash.

We are also encouraged by state / semi state departments to purchase on line / pay bills using credit cards.

We certainly are. We are encouraged to do so, and there are good reassons for that. We are not, however, prevented from paying cash should we wish to.

The government haven't removed cash from this aspect of society.

Iarnrod Eireann offerers huge discounts for those that buy on line, It is also much more convenient to renew your motor tax on line, Pay your ESB bill etc.

Again...all examples where you can choose to pay cash should you wish.

The government haven't removed cash from this aspect of society.

You claim the government are removing cash from society, and in every single example that you chose, cash is still a valid means of payment.

DubTony

bonkey wrote: »

Thats a misrepresentation. Cash is not being removed from society. Cash has been found to be unsuitable or less-than-ideal in a number of situations, and alternatives have been found.


So there is a cash option.

You can pay for tickets by cash. You can top-up an Oystercard using cash.

The government haven't removed cash from this aspect of society.


So its cashless except when you pay cash?

Or, put another way, its not cashless, because you can pay cash to travel over the Westlink Toll Plaza.

The government haven't removed cash from this aspect of society.




This has nothing to do with the use or non-use of cash.


We certainly are. We are encouraged to do so, and there are good reassons for that. We are not, however, prevented from paying cash should we wish to.

The government haven't removed cash from this aspect of society.


Again...all examples where you can choose to pay cash should you wish.

The government haven't removed cash from this aspect of society.

You claim the government are removing cash from society, and in every single example that you chose, cash is still a valid means of payment.

Bonkey, I do believe you are making what you skeptics around here call a strawman argument. You're misrepresenting Hills' position and then arguing against that. Shame on you.

Hills is claiming that cash WILL be removed from society. The fact that we can use cash now has nothing to do with anything. Even he has said that we are moving toward a cashless society. His opinions or theories are based on where he sees things moving to in the future, based on what has happened in the past and based on the technology that is currently available and is on the way. It's really a perfectly logical conclusion. Arguing that we can pay cash today has nothing to do with the points made. We all know we can pay cash today. 25 years ago you couldn't buy a bus ticket before you got on the bus in this country. Today you can and don't necessarily need cash to do it. While that doesn't in itself mean that there'll be no money around in the future, it's a good pointer to where the world may be going.

I'm not entirely sure that Hills' theory has any merit (i.e. who is behind the theorised cashless society and for what reasons), but he has expressed the opinion that the cashless society is in the future. As I've said before on threads about this, it's pretty silly to believe that there will never be a cashless society. In fact I think there's more chance it will happen than not. Whether it's via NFC technology, thumb scans, retina scans or (God forbid) imbedded chips, can anyone honestly believe that we are destined to use paper and coins to carry out transactions for ever?

Whether it's a good or bad thing remains to be seen. What motives may be behind it remain to be seen. Personally I can't imagine why a government would want to know where I buy my groceries or what toothpaste I use, so it really shouldn't matter to me. But just because you can pay for a loaf of bread with a €50 note today doesn't mean that there'll be any paper / coin currency in 30 or 40 years.

Purple Gorilla

I don't get it... A while ago RTDH, you said China wasn't a part of this NWO you love so much...but it was China who suggested this "Super-currency" so then by your logic, there really isn't anything we should worry about.

China suggested that the IMF use it's Special Drawing Rights as a new Global reserve currency which would replace the Dollar as the main reserve currency. Not because it's a step closer to to an NWO, but because this recent recession has shown that the Dollar isn't as invincible as we thought and there could be huge problems in the future if we continue to use the Dollar as the reserve currency.

To be honest, I really don't see how SDR is some major pre-cursor to a cashless society? It's been around for about 40 years now and is basically a seperate currency anyway... The SDR is a basket of the 4 major currencies- $ € £ ¥ and each day the value of all of these currencies are calculated and whatever comes out the end is the SDR Currency exchange rate ..like today 1SDR is worth $1.49

You really seem to be pushing for this cashless society lately... It'd be terrible if that happened...Wallet sales would plummet

bonkey

DubTony wrote: »

Bonkey, I do believe you are making what you skeptics around here call a strawman argument. You're misrepresenting Hills' position and then arguing against that. Shame on you.

If you completely ignore the question that I posed, which RTDH quoted
in his answer, and his comment that government are (current tense, his word) playing a role in teh removal of cash from society, then I can understand how you'd come to that conclusion.

However, if you note that I asked for evidence that government's already have as much as considered taking cash out of society, and that RTDH's answer was to offer a series of examples, which he claims are examples of such behaviour already ongoing, then your conclusion would suddenly appear to be badly flawed.

Hills is claiming that cash WILL be removed from society.

I agree. That is what he is claiming. robtri asked for evidence that this imminent action has been sanctioned, and I responded that I'd settle for evidence that they had even considered the idea.

Note - both robtri and I asked for evidence of specific events which have already occurred. The points that RTDH offered in return were his attempt to answer those queries.

They answer neither. They do not show existant attempts to remove cash from society, but rather attempts to offer the consumer more choice when it comes to payment...with cash still remaining as one of those options in every single example.

The fact that we can use cash now has nothing to do with anything.

Nothing to do with anything except a claim that these were examples of the removal of cash from society....because they're not.

It's really a perfectly logical conclusion.

I'd settle, then, for a perfectly logical argument which gets us from today to that conclusion. Unfortunately, we haven't seen one of those yet either. We've seen claims like the one I'm about to quote, which argues that it might be the case, at some indeterminate point in the future, that humanity finds itself in a society without cash...but you know what...thats one of those strawmen, because its neither the argument that RTDH is making, nor the one I am objecting to.

Today you can and don't necessarily need cash to do it. While that doesn't in itself mean that there'll be no money around in the future, it's a good pointer to where the world may be going.

The pointer, in the case that you have provided, is that over time we have had more flexibility and choice. Different payment options have different advantages. Over the timeperiod that you mention (or any other that you may choose), no successful method of payment has disappeared. Some have transformed - we have mostly replaced cheques with plastic, for example - but not one option has been removed without an analogue taking its place.

So if you want a good pointer to where the world may be going, I would say that the logical conclusion from the example that you chose is that in the future we will have more options, or that some existing options will have transmuted into new forms.

but he has expressed the opinion that the cashless society is in the future.

I respect his right to that opinion. This being a discussion forum, I'd like to discuss his reasons for offering that opinion. Those reasons, as I was arguing, are a misconstrual of fact. He portrayed these examples as things that governments have done to remove cash from society. I was pointing out that in not one case had they removed cash as a payment option. There's nothing straw-man about that....at least not from my side anyway.

If he wishes to change his claim to be that they haven't removed cash yet, but will do so, then I will point out that none of the examples are even applicable to the question I asked about events that have already occurred.

can anyone honestly believe that we are destined to use paper and coins to carry out transactions for ever?

Cash predates paper and coin, and will, I believe, post-date it. Regardless...we are not talking about some indeterminate point in the future. RTDH's argument is about a plan being enacted right now, with an end-goal which is - at most - within a few generations. So he is not talking about "for ever". He's suggesting that our grandchildren won't know what cash was.

But just because you can pay for a loaf of bread with a €50 note today doesn't mean that there'll be any paper / coin currency in 30 or 40 years.

Correct. However, given that cash has been around for thousands of years, its reasonable to suggest that it will continue to be so until such times as someone can offer a credible reason as to why it would no longer be. An appeal to the unknowns of the future is one thing. An insistence that there is a conscious plan afoot is another. You are arguing the former. RTDH is arguing the latter.