any 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 giving you. the solutions may be able to turn a blind eye to atrocities in other countries. united states of america is different wherever people long to be free. they will find a friend in the united states, the, to the automated route, 80 volts. anybody phase the sort of the city and teach all the look at the in service of the cigarette color revolutions. is one among several means to reach the goal of conquering foreign lands and bringing them onto the helm of us,

the western economic interest people been cited, adding that to the to and i go by the democrats. yeah. portal active soul. know the best say little this of the by way. i mean he can the final goal of the same or of allusions to ensure that there are no independent players in the world anymore. the is the west propaganda war against prussia. beginning to show practiced the military situation, the brain is being revealed is grim with anything approaching optimism, fading. nonetheless, the fight in ministration in the inner parties, soldier on wasting ukrainian blood over 3 quarters of businesses in nigeria were negatively impacted by a cash shortage. and not really much as of 2023, all following

a redesign policy of the central bank of nigeria. i'm scott, i know 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 funds transfer and 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 in cash, just 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 a 1st the cash flows 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 a craner analytics. thank you so much for joining us. alex. thank you very much person having me score. 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. they might be very keen on that,

but that's very difficult to enforce. and throughout history uh, any time the story two's uh 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 d 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 and they might have to give up very quickly because it will

simply lead 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 signaling 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 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 cit, seer, the question is whether they are able to do what they say. ready going 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 the, and 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 politics. you know, where, you know, people like all of sure. ready so the chancellor of germany or italian prime minister, georgia maloney will declare themselves that i'm dying supporters for is ukraine for as long as it takes all the,

all that it takes and so forth. and then when it comes to actually supplying your credit with weapons, they supply the weapon that are usable, reversible to maintain or you know, idea of talia and case every single piece of equipment that they sent to us january, i think was not even working order. so then the height, i tend to see the all. ready place and nice thing that the only only addition out there or any caliber that is actually speaking his mind and saying what he, 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 a, 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 entered, has international monetary sign. you brought up the globe list organizations. do you feel like this push for a cashless society is coming from them? or what is their, what is their take on it?

the i'm sorry you mean from. ready from the global is the problem 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 in a map is a little bit lower down in the, in the command and control the higher key the, the, the very top i think car, the, you know, i would say the, 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 it too shows like world bank i, m f a, b i a. so the individual central banks around the world. they are the email that is socially acceptable institutions that have the near of

legitimacy to carry this out and who will usually, you know, pitch this in 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 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. um, 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 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. 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 time. ready or

a way to disenfranchise people further, the one thing you can do with the category the, you know, if you remove cash issues, it should take away people's option to withdrawal cash from the bank account. then you can do all kinds of things that you couldn't do otherwise, like impose negative interest rates. 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 go 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 here at a pop. it'd be extra his life we. ready didn't render extremely difficult. so, uh, 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 is that wish to control us that wish 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 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 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 this 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 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, in, in 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 be 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. and what 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 in the prediction that i'm very comfortable with that it will, it 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 look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except we're so shorter to conflict with the 1st law should we live in justification, we should be very careful about our personal intelligence. and the point obviously, is to trace a trust, rather than ship the various jobs. i mean with the artificial intelligence we have some of the theme in the robot must protect this phone. existence was alexis, the

one cheap energy company to invest. you russian guys cheap. and suppose, affordable, and so if you're in the stables, which has been proved, not the case, did use a will, that is no longer there. the people as the one that says it's a cell phone, if i cancel it on the other should a girl. and if it's superstore, what's the name of the ship? what's the boat? you're getting me when you both use to take photos of the model. so for example, the wiser you decide all sections or sections, country a section, the person because you want to change the behavior of the government was present

was that hasn't happened, sections have some section of the welcome back and i'm going to hughes and you are watching the $360.00 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 does it people receive it? 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 you have the plus one transactions the payments are easy. ready so you'd. ready ready get a notification and so forth. but you know, it's a question of having a choice. and so. ready taking away the choice of doing something else and going about your business in a different way or um, that's a completely different of the 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 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 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 that 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 unipolar moment. i think that they're candidates to unify the whole planet under the same matrix

has failed because keep in mind there the whole 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. 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 books. uh, you know, the western block and the multiple are integrations, my bread china and russia. so uh are you going to be able to colors the right the other side to go. ready along with your monitor system, i don't think so. so it's the, it's already coming up part of the seems 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 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 was all at the end of 2022. did. 2 they 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. ready 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 ready limited the 500 euro not 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. ready 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 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 have there been enough safeguards in these situations in these countries been put in place just in case this happens? i mean, you can be expecting possibly a full out of chaos and 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 crisis, 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 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 it, but 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 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? the panic which already has ensued in history, when banks, closer 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. well, we actually have a physical structure like a bank for one can look to for account ability. 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're going to do by encouraging a cache. the society is feed and already corrupted system the sky. now here's and this has been your 360 view of the news affecting you. thanks a lot. the

business and the system. the screen of the boss can do either to speak with key at the washington state, the pals to complete the rest for the phone and send that back to us to professionally prep the list of all but huge. but they use the

the main route as well. as the a you quit is and i was in both ways presidential election, little countries, some of the you on the positive, the physical bias representation. also, i had bricks in the seo or proper international and they will help in the stand against the u. s. as in general, you're trying to sort of a raj presence says his country refuses to serve wisdom. and 1st i was doing and the move on tools. a lot of people on the progress of high court suspended a 3 year corruption sentence against pulled a prime minister in long con to keep him in custody of another.