Another damning paragraph in the Treasury Committee report is paragraph 230, which highlights the creep towards a cashless society and the requirement for a 100% reliable power supply.
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To buy food consumers need either cash dispensed by banks and post offices or
payment systems such as debit and credit cards. We are steadily moving towards a world where cash transactions will be replaced by electronic payment using devices like Oyster cards and mobile phones. These need banking facilities to operate. In this world where the majority of consumer transactions will be electronic, continuity of service from the banking system is central to the functioning of the economy. Any disruption is likely to be costly both for consumers by, for example, missing bill payments on credit cards or mortgages and for cash flow in the wider economy.
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If we are to move to a cashless society and all payments will be electronic then we will need a constant 100% reliable power supply. So called 'green' sources are not 100% reliable and cannot provide the required power.
This explains why our government is moving towards coal and nuclear power.
So why is this more important than being green?
Because it is more important that we be microchipped. Forget the cashless element for moment. In order for a microchipped society to function a constant 100% reliable power grid is required.
Imagine a microchipped society in which the microchip and the system required to run it is only up for 12 hours every day.
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