Opinion – Scrap cash altogether, says Bank of England’s chief economist – FT.com – John Gelmini

I agree with Dr Alf. The dream of the Bilderbergers and the 39 families who control much of the world and would like to control all of it is a “cashless society” with all money loaded onto a nanochip and heathcare administered through an injectable nano robot which will eliminate the need for so many doctors,nurses and health care workers.

Both chips will be triggerable remotely so that people deemed too old,too troublesome or too costly will find themselves or their money “switched off” in a cross between “Mark of the Beast” technology which will decide whether people can buy anything and “Logans Run”,the film in which people over 35 were terminated as they reached the break point between economic utility and becoming a burden on the system.

The technology is not yet advanced enough for this to be a reality so the first stage is things like “Apple Pay” and the use of smartcards and mobile phones as electronic wallets.

Once people can be made to go cashless then they cannot escape having to pay taxes and the “Black Economy” becomes transparent.

This and AI which will destroy 50% of American jobs by 2033 and 33% of all jobs by 2023 will come in stages as the technology advances unless people rebel and awaken at the same time.

I am hopeful for the long term future but the real owners of the City of London Corporation,the Bank of England and the US Federal Reserve are powerful and intent on this reality whatever means they have to employ to deliver it to their timetable.

John Gelmini

Chinese ‘hard landing’ would force Bank of England to slash interest rates – Telegraph

Bank of England

Bank of England (Photo credit: Wikipedia)

According to the Telegraph, the Bank of England may have to cut interest rates if Chinese policymakers fail to engineer a soft landing for the world’s second largest economy.

Source: Chinese ‘hard landing’ would force Bank of England to slash interest rates – Telegraph

It’s pretty obvious that if there is a major risk to global growth, then powerful combined international intervention is required. This is exactly what happened following the financial disaster in 2008.

It has also been clear all week that risks in China are likely to delay decisions to raise interest rates. So it’s implicit that the greater the fallout in China then the greater the global reaction.

Personally, I feel that the fears of a China ‘hard-landing’ have been overplayed. Most experts have identified that China has massive economic firepower to deploy and is ready to use it.

Sadly, I feel that this Telegraph article is yet another example of ‘me too journalism’.

Thoughts?