and well, this kind of expensive equipment, we also periodically find it happens. it depends on what kind of opponents you have before you. we see it's not in small quantities. this nato made mess all system is about to be used against its form when you create in own is to get done over posing from the dumbass oxy or so the slogan, cash is king, has become all but the funds in recent years with cards and cash offs dominating the way we live our lives. but what's the problem, vacations of paper, money being phased on it on. how's it being properly? voltage by all stakeholders. the 362 problems with up 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 of policy of the central bank of nigeria. i'm starting now hughes in on this edition of 360 view, we're going to look at the impact the cash list policies are having on a country the economy as a 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 funds transfer in 1871 that was fast forward to 1982. when david chow developed an electronic cache 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 in 2023,

the number of countries exploring the concept of going totally cashless is rapidly growing with technology rapidly developing to fit the demand by financial institutions and governments. there could be many benefits to go and cash. that's why convenience decreased in money laundering, lower crime rates, and even health benefits. because 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 a 1st the cash, the society, even though their definition is a bit liberal, meaning cash is not generally accepted and 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 listen to credit tonight. syrians, 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 is outs craner a global economic analyst, and founder of a craner analytics. thank you so much for joining us. alex. thank you very much person having me scully. 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 uh 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, an estimated 35 percent of the g. d. p is being traded on the black market. venezuela 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 the 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. what's 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 a, you know, the world bank can be, i am that 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. ready just have officials and government to be, you know, presidents prime ministers, finance ministers who are going to want to go along with that. but the, 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 the walking, the talk, you know, and we, it's easier to see there in the, in the, in the group geo politics, you know, where, you know, people like all of sure. ready so that the chancellor of germany or a tale in private history, georgia maloney will declare themselves that i'm dying supporters for ukraine for

as long as it takes all the all that it takes and so forth. and then when it comes to actually supplying ukraine with weapons, they supply the wipers that are usable, every possible to maintain or you know, idea tell you in case every single piece of equipment that they send to us january nice thing was not even working order. so then the height, i tend to see the all. ready place and nice thing that the only politician out there or any 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 the, 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 up, you brought up the inner tags, 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 sorry, you mean from. ready from the global is on 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 a cashless society the, the i am as, let's look at you know the you in our refining 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 the city of london. and then uh, you know, east the do shows like world bank i, m f a, b i, as 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 a way that seems that they are good doing some kind of a good saying the solving economic problems and so forth. but they are pushing it only as the executors of somebody else's agenda and strategy. but they're, they're not the, you know, the originators of it, and the main beneficiary. so 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 fraud. i don't know. i didn't ask for additional conveniences, i'm quite happy with. ready things are, i have a choice between using electronic money or catch, you know, and in different,

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 front, it's a, it's it, 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 at, 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 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 and to disenfranchise 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 couldn't 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 some franchise them. i imagine imagine this, the story of nigel for i should just good on 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, or the pump. it would be extra his life we. ready didn't render extremely difficult, so it is certainly a move against freedom's move that is in a front to the freedom and human rights. and it only serves the power. ready is that wish to control us that wish to manipulate as the 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 rogers definitely had some hiccups with this, including the business community and how it's almost i think it was 37 percent saw

a reduction in time reduction in ability to actually serve their customers. do you think they should just be considered a small problem? this little small hick ups, which is that does happen to nigeria, that the rewards for the bank of nigeria is probably their goals still can be achieved and that that should they should still continue on this path despite these minor setbacks. and i'm not sure that we talk about minor setbacks because i have a certain experience of developing a, you know, it, it systems development. and this is an extremely, extremely del, delicate kind of business. and if you don't, if you don't do it right and just started having the 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 weren't 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 while we're talking about the digital currency is the problem. the challenge is so enormous. so really ambitious that i have, i have already made in the prediction that i'm very comfortable with that it will 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, [000:00:00;00]

the, some nations may be able to turn a blind eye to atrocities. another comes, the united states of america is different wherever people long to be free. they will find a friend in the united states. the need to be able to automate about 80 volts in a very, very easy to sort of city and don't even look at it. but the in service of each skid 18 color revolutions is one among set full means to reach the goal of conquering foreign lands. and bringing them onto the help of us, the western economic interest people been cited. i didn't know if he gets when i go by the democrats. yeah. can we change court dates?

oh no. we must say little this of the by way. i mean, he can the final goal of these theme or of allusions to ensure that there are no independent players in the world anymore. the is the west propaganda war against russia. beginning to show practice stimulatory situation, your brain is being revealed is grim with anything approaching optimism, fading. nonetheless, the bite in ministration in the inner parties soldier on wasting ukrainian blood. welcome back. i'm 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 outs, 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 does it people receive it? but 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. ready it's a question of having a choice, and so 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, wants to have a people in the position where they their liberties, their freedom of choice can be arbitrarily taken. ready way or curved or reduced, and then you can manipulate entire populations in whatever ways you want to coordinate too. so i think that in, in this sense, the, the, you know, the, what we'll call the, the oligarchy establishment in the west, is 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 do you directly asked if it's worldwide? i think at this point it cannot be i think that they have already lost their unique folder moment. i think that their candidates to. ready unify the whole planet under the same a matrix has failed because keep in mind there the whole of force industrial rev. ready lucian and great reset the the ultimate objective was to unify the world under one center. ready bank in which you and i and everybody else would have a bank account. so if we. ready 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 into multiple or integrations by bit of china and russia. so uh are you going to be able to colors the right, the other side going along with your monitor 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 wanna take all money away from you and make it all digital. but you do, you do hear 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 and 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 a very, very, say nice because again, you know, people always work it out. it's not, it's not difficult to work out when, when day where they try to do these things that, you know, you have to cut your pearls and store them elsewhere. and, you know, one of the things that we have seen in the past is people simply a path of incurring since, you know, when 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. uh, 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. ready they eliminated the 500 euro note and the next, they're gonna 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 serves their own purpose rather than just simply taking government. so you know despotic measures and the just the making do with them. so. ready they think, you know, they are really, um,

they depend on our compliance. if we do not comply their agendas, however clever they think 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 in the as well that 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 has 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 a full out of chaos and the st to 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 if you want to crash the system in 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 opposition 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 suffocating it through various bureaucratic measures in the service of some ultimate oh to your agenda. you are taking great risk 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 the button, they're not on this on the, on the sign. and so uh, you know, they are walking a very, very stay in 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 having me think. okay, i understand the world seems to be 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 one of the last options that people have in regards to having any power, the panic which already has ensued in history, when banks close their doors and either restricted or limited people from accessing their own assets, is only going to repeat itself and possibly escalate. if this happens again in the future and banks are the only place for one financial security is housed, then again, we actually have a physical structure like a bank,

or one can look to for accountability if this problems arise, until we can figure out how to darren t, those most trustworthy and capable of our country, are the only ones installed and to elected office. i fear all we are 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, the russian states never is as tight as i'm sort of the most sense community best not getting hold of all sense enough in the system must be the one else holes. question about this, even though we will then in the european union, the kremlin machine, the state on the rush of funding and supports the r t. suppose neg keeping our video agency, roughly all the band on youtube tv services. for what question did you say even twist,

which is the bob way? so means d, u, i'm passengers saying european observers are trying to interfere with the presidential election results. also head on the program, the bricks and s c o r. proper international coalition. and they will help in a stand against the us and switch them around this presidency. if this country is interested in becoming a member of ritz park, lee in an efforts to oppose us, you know, law for elizabeth focused on high court. suspends a 3 year corruption sentence against former prime minister in wrong account,