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Thread: One World Currency Talk, Why Bill Gates Hates Cash.

  1. #1

    One World Currency Talk, Why Bill Gates Hates Cash.

    Brace yourself when reading this article, a lot stuff being said. Bill seems to have it all figured out, it was just the cash this whole time.

    Bill Gates Hates Cash. Here's Why

    Billionaires are known for not keeping a lot of spending green in their wallets. But that’s not why Bill Gates hates cash. He hates it because of its effect on people at the opposite end of the wealth spectrum—the world’s poor and unbanked. The Better Than Cash Alliance, which was founded last September and is partially financed by the Bill & Melinda Gates Foundation, hosted a breakfast at the World Economic Forum in Davos, Switzerland. Speakers from the Philippines, Colombia, and the U.S., among other countries, made the case for why electronic transactions are better than cash payments.

    Top five reasons, according to the alliance:

    Transparency: Less corruption and theft when payments can be easily tracked. In Afghanistan, U.S. aid agencies use it so workers aren’t so vulnerable to robbery.

    Security: The money gets where it’s supposed to go.

    Financial inclusion: Electronic payment is a way for unbanked people to establish a record of on-time payment of their bills. This can be an “on-ramp” for them to get other services, such as loans, speakers said.

    Cost savings: Moving physical cash around is costlier than zipping electrons. Many poor people, however, still find it cheaper to use cash, because some cashless networks charge high fees.

    Access to new markets: This benefit is mainly for providers of financial services.

    Kenya is a role model for the developing world when it comes to cashless payment. Its M-Pesa network, launched in 2007, has agents “on every block,” says Neal Keny-Guyer, chief executive of Mercy Corps, a nonprofit that’s a member of the alliance. Mauricio Cárdenas, Colombia’s minister of finance and public credit, said in an interview that he hopes within the year the national legislature will pass a law allowing nonbanks to take in cash and issue electronic vouchers.

    The key is ensuring that the people who take in the cash are as well-supervised as bank tellers. “We see this as a first step,” Cárdenas said.
    "Life, Liberty and the pursuit of Happiness"

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  3. #2
    Also here is the link to the The Better Than Cash Alliance he supports is partially financed by the Bill & Melinda Gates Foundation.
    "Life, Liberty and the pursuit of Happiness"

  4. #3
    Yeah and if you are considered an "undesirable" the government can freeze your electronic account and you can't use any of it. Kind of hard to all of a sudden make your physical money disappear.
    A savage barbaric tribal society where thugs parade the streets and illegally assault and murder innocent civilians, yeah that is the alternative to having police. Oh wait, that is the police

    We cannot defend freedom abroad by deserting it at home.
    - Edward R. Murrow

    ...I think we have moral obligations to disobey unjust laws, because non-cooperation with evil is as much as a moral obligation as cooperation with good. - MLK Jr.

    How to trigger a liberal: "I didn't get vaccinated."

  5. #4
    Fiat: Electronic funds are a $#@!load easier to create out of thin-air.
    I'd rather be a free man in my grave, than be living as a puppet or a slave - Peter Tosh

    The kids they dance and shake their bones,
    While the politicians are throwing stones,
    And it's all too clear we're on our own,
    Singing ashes, ashes, all fall down...

  6. #5
    Some of the top comments on yahoo are promising.
    "Life, Liberty and the pursuit of Happiness"

  7. #6
    Going cashless is not quite the same as "One World Currency".

  8. #7
    And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

    Bad Idea.
    but one that is coming.
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  9. #8
    Quote Originally Posted by Zippyjuan View Post
    Going cashless is not quite the same as "One World Currency".
    It is what they want though as it is a big step in that direction, keep using that plastic.
    "Life, Liberty and the pursuit of Happiness"

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  11. #9
    Quote Originally Posted by Zippyjuan View Post
    Going cashless is not quite the same as "One World Currency".
    It isn't?

    So, you have cash, and if you want to spend it elsewhere you have to go to a bank or something and exchange it for other cash that looks different. Or, you have electronic money, and when you spend it elsewhere the computer converts it instantly on demand. Now, presumably, the fiat overlords of the one nation want to control the amount of money in that denomination, and the fiat overlords in the other nation want to do the same. So, presumably, the wealth invested in one currency drops a bit and the wealth invested in the other gains a bit. But then again, who can be sure? Perhaps this bit of wealth simply changes its denomination, and is paid out at this exchange ratio.

    If they did convert to one world currency, and simply made the computers act as though it were several different currencies, but for the existence of cash who would be the wiser?
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    My tax dollars paid to fund ISIS and make fake beheading videos. Are you saying we shouldn't get our monies worth??

  12. #10
    LOL, the top five reasons are all ones where bitcoins are a much better solution than any government fiat currency can possibly provide.

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