"Government seizes WaMu, sells some assets
Largest bank failure in U.S. history; JPMorgan buys $1.9 billion in assets"
JP Morgan [Chase], a major member of the Corporatocracy, has taken another step in its bid to become the world's most powerful bank. Prediction: it will be, if not the biggest, one of the biggest promoters of the move to a cashless society---digital money. Many people think, oh, that will be convenient; they don't stop to consider the dangers. No transaction (unless it's barter) will be private. The Government will have TOTAL access to your "money". Computer errors will be a nightmare. Your digital chip will not be in your control...e.g., if you're in a dispute with the IRS, your chip could just be turned off. [Yes, presently they can freeze your bank account; but some people now have cash squirreled away in safe deposit boxes, or home safes. That would no longer be an option in a cashless society.]
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According to the late and eminent historian, Professor Carroll Quigley (Harvard and Georgetown University), the influential and respected Council on Foreign Relations (CFR) is a front for the JP Morgan Company. JP Morgan, also according to Quigley, is the Head of the Round Table Group in the United States. [A different bank is the Head of that Group in the UK.] The Round Table Group (again, according to Quigley), has as its primary purpose the establishment of a world government run by CEOs of multi-national companies. The goal of that unelected government is complete control of world economics and finance. That tends to explain JP Morgan's connection (if Quigley's research is accurate) to the CFR. The CFR is highly influential regarding actions of the World Bank, the acquisition and distribution of U.S. foreign aid, and loans to foreign governments.
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All of the above, in my opinion, are incentives to ordinary folks to start accumulating something like silver. No matter what the Government designates as "money", be it paper subject to inflation or "digits", I imagine that many (probably most) businesses would still accept silver or silver certificates in transactions. So if your "chip" is turned off, or if there's a computer error saying you have no digits left, at least you'd still be able to buy groceries, gas, etc. for the period of time it takes to correct the problem.
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Just a few thoughts from an old hermit.
