Survives on Banknotes for up to 4 Weeks, Study Finds, as Cash Usage Plunges…
We highlighted an intersting development on Saturday that appeared to go largely unnoticed by the general public, despite its potentiall profound implications for the global economy. The BoJ joined the Fed and the ECB in launching a pilot program to explore the use of a digital currency inspired by bitcoin and its many rivals.
Just one day later, Bloomberg revived concerns about paper money contributing to the spread of COVID-19 by publicizing the findings from a new study suggesting that SARS-CoV-2 can persist on banknotes and coins for weeks. The research appears to be credible: it was conducted by Australia’s top biosecurity laboratory, which published a report highlighting the risks of paper currency, touch screens and handles like doorknobs.
As the CDC releases revised guidelines claiming that close contact with the infected trumps surfaces and aerosol – or ‘airborne’ – transmission as the primary means of infection, the study from the Australian Center for Disease Preparedness suggested that the virus is actually “extremely robust”, allowing it to survive for up to 28 days on smooth surfaces like glass or the material used to print banknotes.
However, the rate of survival on surfaces declined dramatically when the temperature climbed to above 40 degrees Celsius (104 degrees Farenheit).
Virus survival declined to less than a day at 40 degrees Celsius on some surfaces, according to the study, published Monday in Virology Journal. The findings add to evidence that the Covid-19-causing coronavirus survives for longer in cooler weather, making it potentially harder to control in winter than summer. The research also helps to more accurately predict and mitigate the pandemic’s spread, the researchers said.
“Our results show that SARS-CoV-2 can remain infectious on surfaces for long periods of time, reinforcing the need for good practices such as regular hand washing and cleaning surfaces,” said Debbie Eagles, the center’s deputy director, in an emailed statement.
The coronavirus tended to survive longer on nonporous or smooth surfaces, compared with porous complex surfaces, such as cotton.
The research received funding from Australia’s defense department. It involved drying the coronavirus in an artificial mucus on different surfaces, at concentrations similar to those reported in samples from infected patients, and then re-isolating the virus over a month. The study was also carried out in the dark, to remove the effect of ultraviolet light, as research has demonstrated direct sunlight can rapidly inactivate the virus.
The time taken to achieve a 50% reduction in the amount of virus present on the surfaces studied under different temperatures is tabled below:
“The research may also help to explain the apparent persistence and spread of SARS-CoV-2 in cool environments with high lipid or protein contamination, such as meat processing facilities and how we might better address that risk,” Trevor Drew, director of the Australian Centre for Disease Preparedness, said in the statement.
The virus’s extended survival time on stainless steel surfaces could help explain all those outbreaks traced to meat processing plants. The research, which was backed by the Australian department of defense, also concluded that SARS-CoV-2 survives for far longer on surfaces than the seasonal flu.
These findings revive memories of American banks decontaminating banknotes, a practice that was apparently pioneered by Beijing and the PBOC, which aggressively disinfected paper money, while using the pandemic to further push the Chinese people toward relying 100% on electronic payments.
Sadly, these warnings will likely serve a similar purpose in the West, including Europe and the US, as policymakers see a “cashless society” as having many benefits: It would force criminals to rely less on cash and more on digital currencies like bitcoin, while keeping more of the world’s money inside the banking system.
We’re already seeing this trend play out in practice: After COVID-19 hit the UK, the rate of cash transactions tumbled by nearly half compared to the same period during 2019.
In the US, cities like NYC and San Francisco had to force local businesses to keep accepting cash during the pandemic as coin shortages and other issues caused cash transactions to drop. Their reasoning? That forcing customers to use plastic discriminates against the poorest consumers, as the NYT explains
But as far as monetary policy makers are concerned, the greatest utility of a purely digital currency is that it opens up vast new opportunities for CBs to deliver monetary stimulus directly to consumers (with the backing of their respective Treasuries, of course, as the reality on the ground increasingly resembles the theoretical ideal of MMT). Interested parties should peruse the latest research from Double Line’s Bill Campbell, “the Pandora’s Box of Central Bank Digital Currencies.”
Everything is right on schedule and, now, the time is come to remove one of the final obstacles standing in the way of a New World Order: The United States Constitution – even if, over the course of many decades, it has already been greatly diminished by the B.E.A.S.T. system; or, more specifically, Bullshit Emerging As Strategic Totalitarianism (B.E.A.S.T.).
As confirmed by several economic outlets, including Bloomberg, Bank of England governor Andrew Bailey took part in a VTALK with students this past Monday for Speakers for Schools. When the subject of digital currency came up, Bailey said:
We are looking at the question of, should we create a Bank of England digital currency. We’ll go on looking at it, as it does have huge implications on the nature of payments and society. I think in a few years, we will be heading toward some digital currency.
The digital currency issue will be a huge issue. I hope it is because that means Covid will be behind us.
While only a short quote, there are several strands to pick up on here.
Firstly, Bailey stating that the BOE is looking into creating a CBDC is not a new revelation. I posted a series of articles in May which looked extensively at a discussion paper published by the bank days before the Covid-19 lockdown was enforced. The paper, ‘Central Bank Digital Currency – Opportunities, challenges and design, ‘went as far as detailing the possible technological composition of a future CBDC. It was in 2014 when the BOE first began discussing digital currencies in their September quarterly bulletin. Six years on, those discussions have advanced notably.
Secondly, if Bailey’s assertion is correct that ‘in a few years time, we will be heading toward some sort of digital currency, ‘this would align with the BOE’s Real Time Gross Settlement renewal program. In August 2019, I posted an article that outlined what the renewal will consist of (Working in Tandem: The Reform of Payment Systems and the Advance of Digital Technology). From 2023 onwards, the bank wants renewed services of RTGS to begin coming online, and by 2025 for it to be fully rolled out and operational.
Consider that this is taking place amidst the Bank for International Settlements ‘Innovation BIS 2025‘ initiative, which I have regularly written about. This is the ‘hub‘ which brings all leading central banks together in the name of technological innovation.
The RTGS ‘renewal‘ will allow the bank’s payment system to ‘interface with new payment technologies,’ which given the information that the BOE has so far disseminated would likely include distributed ledger technology and blockchain.
For the bank to introduce a CBDC accessible to the public, they will require the reformation of their systems, which is precisely what is happening.
Thirdly, Bailey admits that introducing a CBDC would have ‘huge implications on the nature of payments and society. ‘ On the payments front, the BOE is pushing the narrative that any CBDC offering would be a ‘complement‘ to cash. It would not, according to them, mean that money would be withdrawn from circulation. But as I have noted previously, the General Manager of the BIS, Agustin Carstens, made clear in 2019 that in a CBDC world ‘he or she would no longer have the option of paying cash. All purchases would be electronic.‘
The trend of digital payments outstripping cash has been present for several years now. My position is that instead of merely outlawing cash, the state will allow the use of banknotes to fall to the point that the servicing costs of maintaining the cash infrastructure outweigh the amount of money still in circulation and being used for payment. They will take a gradual approach, as opposed to prising cash away from the public. In the end, it has the same effect but appears less premeditated. From the perspective of the state, it is much more desirable if people are seen to have decided to stop using cash, rather than the state imposing it upon the population.
The societal aspect is as severe because those who depend on using cash are finding that access to it is growing more restrictive. I have also posted this about (Access to Cash: The Connection between Bank Branch Closures and the Post Office). In particular, rural communities are being compromised, with some entirely dependent on their local post office to withdraw funds. Matters are made worse when the Post Office network itself is coming under increasing strain.
It was also revealed this week that during the Covid-19 lockdown, over 7,000 ATMs across the UK were closed due to social distancing measures. This represents over 10% of the UK’s ATM network. Some of these ATMs remain out of use, particularly at supermarkets and outside individual bank branches. Equally, some of these branches remain closed four months after the lockdown was introduced, and those that are open are only allowing in a couple of people at a time.
You will recall the hysteria around the supposed dangers of using cash as Covid-19 was labeled a pandemic. On no scientific basis whatsoever, people have been led to believe that handling money can transmit the virus. This is primarily why cash withdrawals at ATM’s crashed leading into the lockdown by around 50%. This time last year, transaction volume was at 50.9 million. Today it is 30.8 million, a 40% drop. From personal experience as a cash office clerk, cash use is now beginning to pick up but remains well below pre-lockdown levels.
Finally, Bailey commented that he hoped ‘the digital currency issue will be a very big issue‘because if it were, it would mean that ‘Covid will be behind us.‘ A valid question to ask is why, when Covid-19 is ‘behind us, ‘should that make a CBDC stronger? The answer lies partly in the growing narrative of life after the pandemic, which plays directly into the World Economic Forum devised ‘Great Reset‘ agenda. Part of the ‘Great Reset‘ includes Blockchain, Financial and Monetary Systems, and Digital Economy and New Value Creation.
At first glance, you can see how Covid-19 benefits the drive towards central bank digital currencies.
We are told at every turn that life cannot possibly go back to how it was pre coronavirus, including our relationship with money. Predictably, it did not take global institutions like the BIS long to begin reaffirming the cashless agenda. In April they published a bulletin called, ‘Covid-19, cash, and the future of payments‘ where they stated:
In the context of the current crisis, CBDC would, in particular, have to be designed, allowing for access options for the unbanked and (contact-free) technical interfaces suitable for the whole population. The pandemic may hence put calls for CBDCs into sharper focus, highlighting the value of having access to various means of payments, and the need for any means of cash to be resilient against a broad range of threats.
Global planners are seizing on the opportunity that Covid-19 has created. But no one should be deceived into thinking that their prescription for a digital monetary system, with CBDC’s at the center, is only coming to light because of the pandemic. This has been in the works for years.
The banking elites hope that once global payment systems have been reformed, CBDC’s will not be far behind. Judging by their timelines, by 2025, a worldwide network of CBDC’s is a real possibility. The more people that turn away from using cash today, the easier the transition away from tangible assets will prove for those who are angling for it to happen.
Hell Gates Now Open: Bill Gates Goes Viral on Digital ID,
and Digital Currency, the antichrist (Benjamin Netanyahu) Makes His Appearance Soon…
Understanding Rev10;6 ‘there will be delay no longer.’ Effectively Netanyahu has not formed a Govt in almost 18 months & now he will be in power 18 months before Ganz takes over. That will complete his 14 yrs of time, times, etc. the anti-Christ will NOT allow the building of a new Temple while he is in office. When it does, then the last two prophets will come So if the last week started with the renewed Covenant in January 2016 there would be a break of 18 months[delayed] in the last week, that means that we are still looking to the end of the ‘silence in Heaven’ in the latter part of 2021
The antichrist (Benjamin Netanyahu) Makes His Appearance, and He Has all the Answers, the World Falls for his Deceit, Get Prepared for Hell on Earth…
This is an ongoing living article about revelations, as God moves this article will take us to the final battle, true Christians know the end result and we welcome Christ return.
The World Is In Big Trouble, for Those That Believe We Will Go Back to Some Sense of Normal Life Here on Earth, You Will Be Sadly Disappointed, Seven Years of Hell on Earth Which Began January 1, 2020
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While Mainstream Media Continues to Push a False Narrative, Big Tech Has Keep the Truth From Coming out by Shadow Banning Conservatives, Christians, and Like-Minded People, Those Death Attributed to the Coronavirus Is a Result of Those Mentioned, They Truly Are Evil…
Watchmen does not confuse truth with consensus The Watchmen does not confuse God’s word with the word of those in power…
In police-state fashion, Big Tech took the list of accused (including this site), declared all those named guilty and promptly shadow-banned, de-platformed or de-monetized us all without coming clean about how they engineered the crushing of dissent, Now more than ever big Tech has exposed there hand engaging in devious underhanded tactics to make the sinister look saintly, one of Satan’s greatest weapons happens to be deceit…
The accumulating death toll from Covid-19 can be seen minute-by-minute on cable news channels. But there’s another death toll few seem to care much about: the number of poverty-related deaths being set in motion by deliberately plunging millions of Americans into poverty and despair.
American health care, as we call it today, and for all its high-tech miracles, has evolved into one of the most atrocious rackets the world has ever seen. By racket, I mean an enterprise organized explicitly to make money dishonestly.
All the official reassurances won’t be worth a bucket of warm spit. The Globals are behind the CoronaVirus, It Is a Man-Made Bioweapon.
My job is protecting children. It has taken me from big cities to rural outposts, from ghettos to penthouses, and from courtrooms, into demonic battlefields. But whatever the venue, the truth remains constant: Some humans intentionally hurt children. They commit unspeakable acts—for their pleasure, their profit, or both. StevieRay Hansen, CEO The 127 Faith Foundation
The number of Orphans aging out of Child Protective Custody has grown at an alarming rate. The 127 Faith Foundation receives many requests each week to house them at our ranch. Our prayer is that the good people of our country will step up to the challenge and offer financial support for "the least among us." We need your help! StevieRay Hansen, Founder, The 127 Faith Foundation
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America Is Next, Implement Internet Kill-Switch… …but, constituents to remain fair game for abuse from party apparatchiks. A colleague forwarded me the text of an article…Read More