the, the the accused prompt of being engaged in various foreign corrupting scams and now it's coming out that the bite and family was taking money from almost anybody around the world to line the pockets. by them, you know, the by the democrats accused trump of various, the sexual misconduct. there's all kinds of allegations circulating 5 in concerning that, in the, concerning, far worse misconduct. and so i think what you see is a lot of construction to project and what they accuse trump of is what they themselves are, gives you the over 3 quarters of businesses in nigeria were negatively impacted by a cash shortage. in the early months of 2023, all following a redesign, a policy of the central bank of nigeria. i'm sky now hughes. and on this edition of

360 view, we're going to look at the impact the cash list policies are having on a countries economy. as more countries are looking to eliminate paper money from circulation, let's get started. the electronic payments had their roots in the 18 seventy's. when a western union debuted the electronic fine transfer in 1871. that was best for it to 1982. when david chow developed an electronic tash that system, which would eventually lead to the credit card and the debit card system. now since then, people have been enamored with the idea of sending money or not having to carry currency to pay for goods and services. today and 2023, the number of countries exploring the concept of going totally cashless is rapidly

growing. with technology rapid, the developing to fit the demand by financial institutions and governments, there could be many benefits to go in cash. there's like convenience decreased of money laundering, lower crime rates, and even health benefits has cash in general. can be dirty. reasons like this is why countries like china, the united kingdom and south korea are rapidly on pace to become totally cashless. in fact, a sweden is expected to become the world's 1st, the cash flow society, even though their definition is a bit liberal, meaning cash is not generally accepted. it means of payments rather than not having cash or coins. but the transition is not easy as the bank of nigeria has recently found. the scarcity of the marriott note disrupted economic activities and resulted in layoffs or reduced working hours at almost 37 percent of the business community . but advocates for going cash, let's say the initial objectives of the cash,

the system are to reduce the huge cost of providing banking services. as the money saved will be used to learn to credit to nigerians. as well as help the central bank and commercial banks better manage their economy to ensure that monetary policy is effective. so to help us discuss it, outs, craner, a global economic analyst and founder of craner analytics. thank you so much for joining us. alex. thank you very much, personality miscoded. well, i just want to ask the obvious question, starting off, will we ever see a true cash list society i believe the probably not a and let me explain the authorities might want to do that. and they might be very keen on that, but that's very difficult to enforce. and the throughout history or any time the

authorities to try to get to, to the oppressive or try to impose a currency that was too cumbersome or difficult to use or too restrictive. almost without exception of the economy, stars shifting into black and gray markets. and so that's a huge problem. um, today we have examples like cartridge t malware or an estimated 35 percent of the g. d. p is being traded on the black market. then as well where as much as half of the economy is on the black market, the problem for governments is that they collect 0 taxes on those transactions. so, you know, if the monetary authorities arrow. ready some kind of a deal that people reject. they will not have a lot of wiggle room that they might have to give up very quickly because it will simply leads to an implosion of the of, of,

of government finances. was interesting that you mentioned argentina because as you look around the globe, do you see that some countries are being more aggressive in going down this path than others? and why do you feel that is yes, i wonder whether they are more aggressive or whether they are signalling greater aggressiveness, you know, and i know that there's the, you know, the world bank can be, i am asked, are using their, you know, credit location, the function to, to incentivize governments to do things that, you know, the global establishment wants them to do and you will all. ready have officials and government to be, you know, presidents prime ministers, finance ministers who are going to want to go along with that. but uh, you know, the question is whether they're sincere, the question is whether they are able to do what they say they want to do. it's

very, very difficult to judge, you know, because today people cannot openly declare themselves in opposition to the global agendas. so what they do instead is they declare themselves very much in favor, you know, so that they are their, their careers and that they're standing in the society is a short, but then maybe they're not so sincere about. ready walking the talk, you know, and we, it's easier to see there in the, in the, in the group politics. you know, where, you know, people like all of shoals. so the chancellor of germany or a tale and prime minister georgia maloney will declare themselves that i'm dying supporters for is ukraine for as long as it takes all, all that it takes and so forth. and then when it comes to actually supplying you

credit with weapons, they supply the weapon that are right. usable every possible to maintain or you know, he did tell you in case every single piece of equipment that they sent last january . nice thing was not even working order, so then the height, i tend to see the all over the place and nice thing that the only all addition out there already, caliber that is actually speaking his mind and saying what he uh, what he means is, uh perhaps the congress, georgia on board but well, it's really interesting that you bring this up, that a lot of these governments, these countries, they, they say a lot, but they usually don't back it up with accident. in this case, that might be a good thing. but you brought of, you brought up the inner towers, international monetary fund, you brought up the globalist organizations. do you feel like this push for a cashless society is coming from them? or what is there? what is their take on it? i'm sort of healing from. ready from the global war and from, from the i am from,

from this world the world what we can look to our financial interest institutions around the world that central do you feel like they're pushing for cash list society the, the i am as, let's look at you know the un or are we finding somebody's global organizations are pushing for this cash? the society? yes, i believe so. however, i would say that i am app is a little bit lower down in the, in the command and control the higher key. the, the very top, i think car, the, you know, i would say that the international banking can tell, you know, a number of families who are on the axis of wall street and city of london. and then uh, you know, institutions like world bank, i, m f a, b i s, the individual central banks around the world. they are, you know, that is socially acceptable institutions that have been the error of legitimacy

to carry this out. and who will usually you know, pitch this in. ready a way that seems that they're good doing some kind of a good saying that they're solving economic problems and so forth. but they are pushing it only as the executors of somebody else's agenda and strategy. but they are, they're not the, you know, the originators of it. and the main beneficiaries, you know, it's interesting that you did bring up that they are telling people that there is a big benefit. so what is a big benefit to going capitalist? well, it's barely worth mentioning, it's convenient. and it could help them fight to crop, organized, crime and then fraud. and um, i don't know, i didn't ask for additional conveniences, i'm quite happy with the way things are. i have a choice between using electronic money or catch, you know, and in different, couldn't in different circumstances. the, you know, different sorts of money are more useful to take away. one option from me is not

a convenience. and then we know that the fraud that thereafter is not there fraud, it's a, it's, you know, that it gets maybe small. and i don't even think that they are terribly interested in the industry to begin with. but once again, that's kind of how they told us the people that they will. there's a be easier to crack down on fraud, which is funny because you to look at everything. i mean, let's look at how many viruses, how many times our computers get hacked. even social media gets hacked and we have social media can get, act, and i have no control. i can only imagine my bank account is, which is probably one of the concerns. another concern alex involves power. so does a cash list in a cash in society? is it in the best interest of the people, or is this just a power move to take power away? no, absolutely. it's a power move to take the power away disenfranchised people further. one thing you

can do with the category the, you know, if you remove cash issued, it should take away people's option to withdrawal cash from their bank accounts. then you can do all kinds of things that you can do otherwise, like impose negative interest strings. practically, whatever the rate you decide, you know, it could be negative 5 percent, it could be negative 10 percent, it could be negative 15 percent. so for example, another example is that to, you know, you can simply remove money from people's bank accounts. and if they don't have the option of using cash, then you can completely disenfranchised them. i imagine imagine this, the story of nigel for i should just go ahead and bank in the u. k. if there was no option to use cash to settle transactions, she would be unable to even buy a bus ticket or be ready to pop. it'll be extra his life. we. ready didn't render

extremely difficult, so it is certainly a move against freedom's move, that is an upfront to the freedom and human rights and it only serves the power. ready or is that wish to control us that. ready each to manipulate does that wish to condition our ability to go about our business and raise our families and live our lives on whatever agenda that they have in store for us? well, we definitely are a dive into that a little bit more after the break. but before i leave, i've got to ask you, and i'm sure you've been watching what's happening in nigeria and their introduction of a cash decided they're trying to aim towards that the bank of nigeria is definitely had some hiccups with this, including the business community and how. busy almost i think it was 37 percent saw a reduction in time reduction in ability to actually serve their customers. do you

think that should just be considered a small problem? this little small hick ups, which is that has happened and nigeria that the rewards for the bank of nigeria is probably their goals still can be a cheated and that should they should still continue on this path despite these minor setbacks. i'm not sure that we told you about minor setbacks because i have a certain experience of developing uh, you know, it, it systems development. and this is an extremely, extremely del, delicate kind of business. and if you don't, as they say, don't do it right. the and just started having a little small hiccups. the small hip hiccups tend to be manifestations of much, much larger floors in the system. and very often these flaws cannot be fixed. you know, it's not a, it's not a question of small patches. they are sometimes, if the system is designed with flaws from the, from the get go,

then it's extremely difficult to fix them. and they have been many, many examples of very major, very well funded software projects that had to be completely scrapped. and the ones that were in scrapped and never reach their full implementation objectives. and there's a, there's a statistic more than 90 percent of all software based projects fail. and when we're talking about the digital currency is the, the problem, the challenge is so enormous. so really ambitious that i have, i have already made the prediction that i'm very comfortable with that if you will never come to pass, not in the scope and scale that they have intended for it, 90 percent as no small number. thank you. alex craner stay with us because after the break, we're going to look at what impact a cache the society has on trust and nationalism.

the, the russian states never as tight as i'm one of the most sense community best. most all sense of the, in the 65 and this must be the one else calls question about this, even though we will then in the european union, the kremlin media mission, the state on russia to day and split the ortiz phone that came in our video agency, roughly all the band on youtube tv services. for what question did you say

from stephen twist, which is the, is the west propaganda war against prussia? beginning to show practice stimulatory situation, your brain is being revealed is grim with anything approaching optimism fading nonetheless. suffice administration in the inner parties soldier on wasting ukrainian blood. welcome back and i'm just going to hughes and you are watching the 360 view. we're going to continue our discussion about why countries are aggressively pushing a cashless society with our guests, global financial analyst, alex craner, who is also the founder of career analytics. alex,

thank you so much for staying with us. do you know, i want to start off this segment talking about, is there a difference between naturally accepting a cashless society or the government mandating it? how did the people receive it? and i think it's a huge difference between, between the 2. because one of them is giving people an option and you know, i myself find using good credit cards and debit cards very convenient, particularly in the last few years. you know, the technologies have evolved, do have the plus one transactions, the payment surveys, the seamless, you've. ready ready to get a notification and so forth. but you know, it's a question of having a good choice. and so. ready taking away the choice of doing something else and going about your business in a different way. um, that's a completely different animal and that is uh, you know, not consumer choice,

but actually a tyrannical move. so do you feel like the issue of going cash? those are cash the society, have political sides, and this can be around the globe based on the parties. and what do you see the mass? oh yeah, absolutely. where. well it is. it is entirely political. because, you know, once you have a people in a position where they their liberties, their freedom of choice can be arbitrarily taken away or curved or reduced. and then you can manipulate entire populations in whatever ways you want or needs to. so i think that in, in this sense, the, the, you know, the what, what we will call the, the oligarchy to establishment in the west, just preparing the ground to introduce this kind of a tyrannical dystopian a future. but you know,

the question of whether they will succeed or not, it is a, is a, is a different question. also by saying that the situation you directly asked if it's worldwide, i think at this point it cannot be, i think that they have already lost their uni folder moment. i think that there can be, it's to unify the whole planet under the same matrix has failed because keep in mind there the whole of force, industrial revolution and great reset the, the ultimate objective was to unify the world under one central bank in which you and i and everybody else would have a bank account. so if we didn't eliminate individual banking institutions, and we would, we would all simply bank with one global institution, electronic money only. uh well, you know,

the world is already split into 2 blocks. uh, you know, the western block and the multiple or integrations, my bread china and russia. so uh, are you going to be able to colors the right, the other side is going along with your monitoring system? i don't think so. so it's that it's already coming apart at the seams, and i don't think it's going to work. was interesting because you never hear a politician on the campaign trail out there saying, you know, i want to take all money away from you and make it all digital. but you dear, do here, commercials all the time for convenience and it doesn't sound as scary as the idea of, you know, using venmo and other options that have been developed. but it, i keep referencing back to nigeria, very important because i think they're the latest case study on cash of societies. why they're so important. one of the initial steps that they did, they didn't do this overnight, was they in transition? they of the country, they kept the atm withdrawals to $45.00 a day and this is all at the end of 20. 22. didn't really go over well. but was

this a good move or did only add to the mistrust of what was going on? no. i think it did add to the mistrust. the nice thing that this is where they are walking on the very, very stay nice because again, you know, people always work it out. it's not, it's not difficult to work out when, when they, where they try to do these things that, you know, you have to collect your pearls and store them elsewhere. and you know, one of the things that we have seen in the past is people simply abandoned incurring since, you know. ready you have these a significant economic crisis with inflation that to communities and region and people individually. they start creating their own currencies, the local regional currencies and they start using them to trade. and uh, this is

a very powerful storm of, uh, gray market and blay market, the black market. and again, you know, it's, it's the government's, and it's the monetary authorities who are reverse disenfranchising themselves when they do this. so they have to be very, very careful. and i think that when the, when they do such moves to limit withdrawal as you know with europe, we saw that. ready limited the 500 euro know and the next are going to eliminate the 200 you are now. and, you know, in, in india they also eliminated the, the larger. now there's always a pushback. there's always a result. and people react in, in ways that serve their own purpose rather than just simply taking government. so you know, despotic measures and the just the making do with them. so they think, you know, they are really, um, they depend on our compliance. if we do not comply their agendas,

however clever they thing they are, they always fail. so they will say, fail this time around again. what was interesting, you bring up failure because has anyone thought about you mentioned india as well, but they're starting to take over. sorry to be the system started to push on. it's not going very well. the people are not receiving it, but has anyone ever actually thought about what happens if people are not actually able to access their money to their satisfaction? and have there been enough safeguards in these situations in these countries been put in place just in case this happens? i mean, you could be expecting possibly for okay, awesome the st as well. not only that, but you're going to have an economic collapse on your hands. you know, these people is, people don't have money to access, they're not going to be making their purchases and your economic system is going to start to unravel. and keep in mind that all the economic systems that are based on

fractional reserve currency, i'm sorry, fractional reserve. credit creation are extremely vulnerable and fragile and they depend they, you know, they are only stable for as long as they grow. so uh, if you want to crash the system, an exhaust exacerbate the, these crises, both economic and social, then you know, you're going to do that, but it's going to have a boomerang effect. and it's not going to go according to some kind of a linear plan where you implement this and this is the effect. this is, there's a, there's a fundamental economic position here between the, the, the, the natural economy and the government. because you know, the government needs the natural economy to a thriving grow, but primarily because it wants to um,

extract taxes from it. but if you extract too much taxes from it it's, it's not good for the economy. and it's not necessarily great for the government either, but then in addition to that interfering. ready it by the sauce, locating it through various bureaucratic measures in the service of some ultimate oh to your agenda. you are taking great rates and you know it's, it's not for nothing that when these global, they start talking about their agenda that they, that the couch is in. we have a dangerously narrow window of opportunity. they really do. they're not on it, but they're not on this off on this side. and so uh, you know, they are walking a very, very thin line between achieving what they have in mind and failing. and i think

that the lots of them achieving their agenda are next to impossible. and that's an excellent way to finish this interview. thank you so much. alex craner for joining us and sharing your insight. it was a great pleasure. thank you for helping me think. okay, i understand the world seems to me kind of a much busier lately and anything we can do to save time or make life more convenient is always welcome. but we also live in a world where many people feel there's an in balance of power between the government and the government. the power of the purse is extremely important. and what are the last options the people have in regards to having any power to panic, which already has ensued in history? when banks, closer doors, and either restricted or limited to people from accessing their own assets, it's only going to repeat itself and possibly escalate. if this happens again in the future, and banks are the only place for once financial security is housed, then again, well, we actually have a physical structure like

a bank. one can look to for accountability if this problems arise, until we can figure out how to darren to those most trustworthy and capable of our country, are the only ones installed and to elected office. i fear all we're going to do by encouraging a cache. the society is feed an already corrupted system, the sky. now here's, and this has been your 360 view of the news affecting you. thanks a lot. the of the 1937 militaristic, japan started a full scale invasion of china. the invading army was rapidly advancing towards the

capital of the republic of china. the dies, the city of seeing, leaving behind the burned down villages and thousands of the dead. on december 13th, the japanese occupied funding and states the real massacre. for 6 weeks, the invaders exterminated the civilian population. they carried out mass executions, rates, women, and were engaged, been merciless robbery. ruthless competition of 2 officers of the imperial army. go see i'd be my guide and to yoshi, no to gain particular notoriety. they competed with each other as to who would be the fastest to kill $100.00 chinese with us or this month's res. competition was widely rewarded in the japanese press. the non being massacre slaves,

the lives of about 300000 people and became one of the largest crimes against humanity in the world history. after world war 2, manufactures advance of the atrocity phase trial. however, the commander of the japanese army in the non being operation, freeze yasu eco, a sock gun, was able to escape the responsibility due to the interference of the american administration. the accused probably being engaged in various 4 and corrupting scams and now it's coming out that the by and family was taking money from almost anybody around the world to line the pockets by them. you know the by the democratic use trump of various sexual misconduct. there's all kinds of allegations circulating, bite and concerning that and concerning far worse misconduct. and so i think what you see is a lot of confession through project. and what they accuse trump of is what they

themselves are, gives you the, the, the people of malia, skeptical about external solutions that sometimes in good faith, sometimes by other agendas of prolonged or sustained this crisis. rather than helping to resolve the body gives the boat to un peacekeepers in the country. finding the presence of the blue helmets is only aggravating the security situation like dressing the nation as friends, hands down fashion advice with the education ministry binding in school, the traditional loan muslim dress, known as the a by the move providers, condemnation from somebody in the community they want to impose their customs and traditions on us. they will not be pleased with us unless we follow their ways. however, this will never have.