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Canadian Bank Goes Offline, Proving The Dangers of A Cashless Society Reader 10/10/2018 (Wed) 15:05:38 Id: 38d8f6 [Preview] No. 13001
BE PREPARED: https://archive.fo/elYwR

Yesterday, CIBC reported a “systems issue” that prevented customers from logging in to their accounts online for the entire business day. CIBC, the Canadian Imperial Bank of Commerce, is one of the five biggest banks in Canada. Yesterday just happened to be the day that people receiving welfare, unemployment benefits, social insurance payments (like American social security), Canada Pension payments, and disability payments landed in the accounts of recipients.

Customers could still use ATMs and Point of Sale features but were unable to log into their accounts to check balances, transfer money, or make online payments. The sentiments of normally patient Canadians online were … tense.

The system was restored around 8 pm last night but that wasn’t soon enough for people who wanted to pay their bills by the due date or make business transactions.

Meanwhile, CIBC wants to move everything online.

Ironically, this online banking catastrophe occurred a day after Victor Dodig, the CEO of CIBC, predicted that nearly all transactions would soon be taking place online.

…almost all transactions will soon be conducted remotely, rather than in person, as customers continue to take more of their business and daily lives online.

“We see continued migration of clients to do transactions remotely,” CIBC CEO Victor Dodig said Wednesday during his bank’s institutional investor conference in Montreal. “You’re seeing 87 per cent of transactions now being done remotely. And we think it’s going to get to 96 per cent over the next four to five years.” (source)

But perhaps this migration has more to do with CIBC closing branches. Physical locations where you can walk in and see a teller are going the way of the Canadian penny. (It’s no longer being made because production costs were 1.6 cents per coin.)

Since before 2000, CIBC has been closing dozens of branches every year. And it isn’t just CIBC that is closing branches in Canada. It’s a trend across all the Big 5 banks and thousands of jobs have been lost.


Reader 10/10/2018 (Wed) 15:06:07 Id: 38d8f6 [Preview] No.13002 del
>>13001
So the question is, do Canadians actually “prefer” online banking, or do they have no other choice due to physical location closures?

For a long time now, Big Finance has been “nudging” people along toward an end that would benefit them greatly – a cashless society.

If a powerful institution wants to make people choose a certain thing, the best strategy is to make it difficult to choose the alternative.

We can illustrate this with the example of self-checkout tills at supermarkets. The underlying agenda is to replace checkout staff with self-service machines to cut costs. But supermarkets have to convince their customers. They thus initially present self-checkout as a convenient alternative. When some people then use that alternative, the supermarket can cite that as evidence of a change in customer behaviour, which they then use to justify a reduction in checkout employees. This in turn makes it more inconvenient to use the checkout staff, which in turn makes customers more likely to use the machines. They slowly wean you off staff, and “nudge” you towards self-service.

Financial institutions, likewise, are trying to nudge us towards a cashless society and digital banking. The true motive is corporate profit. Payments companies such as Visa and Mastercard want to increase the volume of digital payments services they sell, while banks want to cut costs. The nudge requires two parts. First, they must increase the inconvenience of cash, ATMs and branches. Second, they must vigorously promote the alternative. They seek to make people “learn” that they want digital, and then “choose” it. (source)

It won’t surprise many people to learn that this has links to Marxist philosophy.

The Italian philosopher Antonio Gramsci developed the concept of cultural hegemony out of Karl Marx’s theory that the dominant ideology of society reflects the beliefs and interests of the ruling class. Gramsci argued that consent to the rule of the dominant group is achieved by the spread of ideologies—beliefs, assumptions, and values—through social institutions such as schools, churches, courts, and the media, among others. These institutions do the work of socializing people into the norms, values, and beliefs of the dominant social group. As such, the group that controls these institutions controls the rest of society.

Cultural hegemony is most strongly manifested when those ruled by the dominant group come to believe that the economic and social conditions of their society are natural and inevitable, rather than created by people with a vested interest in particular social, economic, and political orders. (source)

Oh yay. Who doesn’t love being “nudged” along the road to Marxism and a cashless utopia?

A cashless society is a danger to freedom. And this is why we should embrace cold hard cash, precious metals, and the barter system.

https://archive.fo/F5gaR
http://www.thecommonsenseshow.com/cibc-a-huge-canadian-bank-was-offline-all-day-proving-again-the-dangers-of-a-cashless-society/


Reader 10/12/2018 (Fri) 15:22:59 Id: b2902d [Preview] No.13018 del
Our economy is all debt now, there is more debt than actual produced goods or GDP. The US Treasury Bonds are fraudulent IOUs our governments never ever intend to pay back off. Of if they do, they intend to pay it off at OUR expense! Maybe so. Get prepared, the kikes are basically bragging they are about to rape us even more, so don't trust their system anymore. Abandon it.

I trust cash, physical assets & basic essentials, guns/ammo, property ownership, silver/gold and skills.

I do not trust banks. I do not trust institutions. I do not trust other people with anything I own. This is how you avoid being raped up the ass.



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