Israeli Prime Minister BENJAMIN NETANYAHU’s Chief of Staff, HAREL LOCKER, chairs a committee which has recommended a three-phase plan to all but do away with cash transactions in Israel. Locker believes that physical currency enables tax evasion, money laundering and financial terrorism. Israel is said to lose between 40 and 50 BILLION shekels ($11-$14 BILLION USD) annually from black market enterprise. “This is a lot of money and we want this money,” Locker told reporters.
The plan aims to:
1) Immediately limit business transactions done in cash or by check to 7,500 shekels ($2,150 USD) and to further reduce them down to 5,000 shekels ($1,433 USD) one year from the date of legislation.
2) Limit private transactions done in cash or by check to 15,000 shekels ($4,300 USD).
3) Deem any violations of these limits a criminal offense, warranting 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.
The cessation of the use of physical currency leads to not only the rise of debit card use, but other methods of payment such as NFC (Near-Field Communication). Tech giant Google has tried to corner the NFC market with their “Google Wallet.” Their biggest competitor in the market is Softcard‘s “ISIS Wallet“ (ISIS? . . . they’re just fucking with us at this point!). Being forced to use a specific type of digital medium in order to transact is eerily reminiscent of the biblical “mark of the beast.” U.S. banks have already begun the process of microchipping bank cards.
The absolute control of a nation’s currency is the ultimate in fascist ideology. Here are some quotes to think about:
“History records that the money changers have used every form of abuse, intrigue, deceit and violent means possible to maintain their control over governments by controlling money and its issuance.”
~ JAMES MADISON
“Let me issue and control a nation’s money and I care not who writes the laws.”
~ MAYER AMSCHEL ROTHSCHILD
“Whoever controls the volume of money in any country is absolute master of all industry and commerce.”
~ JAMES A. GARFIELD
Israel is not the only nation on the cashless bandwagon. After becoming the first European country to issue physical bank notes in 1661, Sweden has now begun the process of ridding their country of physical currency. Paper bills and coins represent only 3% of their economy. Over 80% of all U.S. transactions are done without cash. Mexico has recently banned large cash transactions. Spain has as well. India recently implemented a BIOMETRIC ID program for transactions. 71% of Canadians report that they’re ready to go cashless. Louisiana has banned the used of cash for second-hand transactions. Poland is going cashless as well.
Electronics transactions are much more susceptible to fraud than cash transactions are. All of your bank accounts holdings and information could be wiped out without a trace at any second with just the click of a mouse. Electronic transactions also put your information at risk of being stolen by others.
The use of debit and credit cards also benefits the corrupt banks and credit companies, as retailers have to pay them a fee in order for their businesses to be able to processes card payments.
The use of physical currency is being demonized. According to the FBI [U.S. Federal Bureau of Investigation], paying cash is a “potential indicator of terrorist activity,” and motorists can be DETAINED for paying cash at toll booths (further proliferation of the ever-growing POLICE STATE).
[Originally published on June 10th, 2014]
~ MERIT FREEMAN