{"id":27034,"date":"2017-10-20T06:32:38","date_gmt":"2017-10-20T11:32:38","guid":{"rendered":"http:\/\/olduvai.ca\/?p=27034"},"modified":"2017-10-20T06:32:38","modified_gmt":"2017-10-20T11:32:38","slug":"china-and-russia-full-steam-ahead-towards-a-cashless-society","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=27034","title":{"rendered":"China and Russia: Full Steam Ahead Towards a Cashless Society"},"content":{"rendered":"

China and Russia: Full Steam Ahead Towards a Cashless Society<\/a><\/h3>\n
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We reported back in November 2016 \u2013 Cashless World: 1 out of 3 People Never Use Cash<\/em><\/a> \u2013 fewer and fewer people understand the importance of using cash to protect themselves from an overarching government warlord.\u00a0At the time China\u2019s use of digitized currency was growing at about 40% per annum. This means millions of people each year freely hand over their cash and opt to use their cell phone, online currency transfers or a plastic debit\/credit card to make 100% of their purchases. We see this as nothing short of happily going into the gulag of digital enslavement.<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Today we learned China is taking another step toward being a cashless society. Not just any cashless society, but the largest populated nation on the planet. Please keep in mind this announcement is coming on the heels of China\u2019s closest ally, Russia, announcing she would be issuing a crypto-ruble \u2013 Which is a digitized currency as well. Once<\/em><\/strong> these two nations go cashless that will be a huge blow to hard currency in circulation around the world.<\/p>\n

Yesterday, Cointelegraph reported <\/a>that local news sources in Russia had been informed by the Minister of Communications, Nikolay Nikiforov, that President Putin has approved a plan for the issue of a \u201cCrypoRuble.\u201d There was no detail, however, on timeline and no any subsequent confirmation that we\u2019ve seen. Coincidentally, or not, Nikiforov is quoted as saying \u201cI confidently declare that we run (sic) CryptoRuble for one simple reason: if we do not, then after 2 months our neighbors in the EurAsEC will.\u201d Source<\/a><\/p><\/blockquote>\n

As ZeroHedge reported<\/p>\n

In a story that seems to have gone largely unnoticed by the western press, the China Daily reported <\/a>that the PBoC has successfully designed a prototype that can regulate its future supply of digital fiat currency.<\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

China and Russia: Full Steam Ahead Towards a Cashless Society We reported back in November 2016 \u2013 Cashless World: 1 out of 3 People Never Use Cash \u2013 fewer and fewer people understand the importance of using cash to protect themselves from an overarching government warlord.\u00a0At the time China\u2019s use of digitized currency was growing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[13266,1035,1034,130,15611,12157,694],"class_list":["post-27034","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-blockchain","tag-cash","tag-cashless-society","tag-china","tag-cryptocurrency","tag-daily-coin","tag-russia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27034"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27034\/revisions"}],"predecessor-version":[{"id":27035,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/27034\/revisions\/27035"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}