electronic money

10% of the money was still in the form of notes and coins. This had to be removed so as not to arouse suspicion. While people used cash, would be free to buy and sell as you want - people still had some control over their own lives.

But it was not always safe to carry notes and coins. Checks were not accepted outside the country, and therefore sought a more convenient. Again Fabian had the answer. His organization gave each a plastic card showing the person's name, photograph and identification number.

Wherever this card was presented, the dealer phoned the central computer to control credit. If you have credit, the person could buy what you want, up to certain amount.

At first, people were allowed to spend a small amount on credit, and if it was paid within a month, was not charged any interest. This was fine for the employee, but what about employers?. They had to install machinery, manufactured goods, paying salaries., Sell all his goods and just repay the loan. If you exceed a month, charged with 1.5% for every month the debt was due. This amounted to 18% per year.

Businessmen had no option but to add 18% on the selling price. But all this money or extra credit (18%) had not been given to anyone (not in circulation). Across the country employers had the impossible task of paying $ 118 for every $ 100 they borrowed - but the extra $ 18 had never been created in the system. Did not exist.

Fabian and his friends further increased their social position. Were regarded as pillars of respectability. His statements in finance and economics were accepted with almost religious conviction.

Under the burden of ever-higher taxes, many small businesses collapsed. Special licenses were needed for various operations, so that other companies find too difficult to participate. Fabian owned and controlled all the large companies that had hundreds of subsidiaries. They appeared to be in competition with each other, however Fabian controlled them all. Eventually all competitors were forced to close. Plumbers, carpenters, electricians and many small industries suffered the same fate - they were swallowed by the giant companies Fabian who had government protection.

Fabian wanted the plastic cards to replace notes and coins. His plan was that when all notes were withdrawn, only businesses that used the card system to the central computer would work.

He planned that eventually some people would lose their cards and would then be unable to buy or sell anything until that was done a proof of identity. He wanted to impose a law, which would give him total control - a law forcing everyone to have their identification number tattooed on his hand. The number would be visible only under a special light, linked to a computer. Each computer would be connected to the central computer giant and Fabian could know everything about everyone.


source: economia.com.mx