Guest Host Hilly Rose (email) talked with monetary specialist Michael Trudeau (colonialresources.com(1)) about the dangers of a "cashless society" during the middle two hours of the show.
According to Trudeau, we will be ushered into this cashless society by a mass distribution of smart cards (a plastic card containing a computer chip), which he speculates may be forced upon us under the Emergency Banking Act. He warned that smart cards will allow the government to track every financial transaction a person makes, and give them "complete control over the monetary system."
Trudeau believes the Federal Reserve controls the economy "for their own sake," and by adjusting rates and boosting the economy, lead consumers into extending their credit beyond their means. He argues that at any point they can "pull the plug" and "bankrupt everybody all in one shot."

1. http://www.colonialresources.com/

Paper or Plastic?

It's official. Britain has become a "cashless society." For the first time ever spending on credit and debit cards has overtaken the use of notes and coins. According to the Association for Payment Clearing Services, the transition from paper to plastic occurred at 10:38 AM on December 29, 2004.
Experts believe the shift towards using plastic has been driven by the convenience and security of card transactions. Currently, there are over 130 million plastic cards in use in Britain - with debit cards accounting for 65% of card spending. Read more at Scotsman.com(1).

1. http://news.scotsman.com/uk.cfm?id=1473952004

Bumper Music

Bumper music from Wednesday January 05, 2005