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Sounds Good

Discussion in 'News & Current Events' started by Don, May 13, 2015.

  1. Don

    Don Well-Known Member

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    http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-cash-end-boom-and-bust.html

    This apparently is already being done in a couple of European countries.

    Sounds good; but is it?
     
  2. Rolfe

    Rolfe Well-Known Member

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    From the article:

    Having everyone’s account at a single, central institution allows the authorities to either encourage or discourage people to spend. To boost spending, the bank imposes a negative interest rate on the money in everyone’s account – in effect, a tax on saving.


    Bad. I bolded why I believe so. Laissez faire.
     
  3. Revmitchell

    Revmitchell Well-Known Member

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    Marxism pure and simple.
     
  4. Don

    Don Well-Known Member

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    Not just penalizing you for not spending; also penalizing you when they don't want you to spend:
    So--behavior modification....
     
  5. sag38

    sag38 Active Member

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    How can this be a good thing? When has the government ever been good with money? Here, the citizen, is at the mercy of the government. Businesses are at the mercy of the government. Imagine your funds being cut off simply because you supposedly made a politically incorrect statement or you don't purchase enough items deemed necessary for you by the government. The bad scenarios are endless not to mention the fact that Revelation 13:17 comes to mind. "And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name." (Rev 13:17)
     
  6. Don

    Don Well-Known Member

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    Sag - you're absolutely correct, but consider: You keep saying "government." The article mentions one banking facility for the entire world. Nation-banks would be in effect, but all monetary transactions basically go through this one system.

    So whose government?

    In order for such a thing to work, all governments have to agree to use the same system; getting such an agreement seems like a nigh-impossible task ... unless you ascribe to some of the things Poncho has posted in the past, and such a system is already in the works, or even possibly already exists.

    But I do agree about this mentality being a sign for the mark that each person must have in order to buy or sell....
     
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