January 27, 2016

Corbett Report - The War on Cash: An Open Source Investigation

Amazon Description For "The War on Cash: How Governments, Banks, Nonprofits and Academics are Abolishing Cash" by David McRee:
Powerful forces are threatening your financial freedom. All over the world, including in the United States of America, governments, certain academics, banks and non-governmental organizations (nonprofits) are working in a coordinated way to stop you from using cash.

They want you to have no option but to pay for everything you buy using electronic payment systems. They want you to be unable to go to a bank and withdraw your money in cash. They want you to be afraid to have more than a few dollars cash on your person, in your home, or in your car.

Laws have already been passed in Europe and the United States to restrict the use of cash for certain things. Banks are beginning to adopt policies against keeping cash in a safe deposit box, or paying bills with cash.
An excerpt from, "The War On Cash Is Advancing On All Fronts: "First They Came For The Pennies..." by Don Quijones, Zero Hedge, November 8, 2015:
The War on Cash is advancing on all fronts. One region that has hogged the headlines with its war against physical currency is Scandinavia. Sweden became the first country to enlist its own citizens as largely willing guinea pigs in a dystopian economic experiment: negative interest rates in a cashless society. As Credit Suisse reports, no matter where you go or what you want to purchase, you will find a small ubiquitous sign saying “Vi hanterar ej kontanter” (“We don’t accept cash”):
Whether it’s for mulled wine at the Christmas market, a beer at the bar, even the smallest charge is settled digitally. Even the homeless vendors of the street newspapers Faktum and Situation Stockholm carry mobile card readers.
A similar situation is unfolding in Denmark, where nearly 40% of the paying demographic use MobilePay, a Danske Bank app that allows all payments to be completed via smartphone. With more and more retailers rejecting physical money, a cashless society is “no longer an illusion but a vision that can be fulfilled within a reasonable time frame,” says Michael Busk-Jepsen, executive director of the Danish Bankers Association.
Video Title: The War on Cash: An Open Source Investigation. Source: corbettreport. Date Published: January 27, 2016. Description:
Link to the article: https://www.corbettreport.com/the-war-on-cash-a-country-by-country-guide/

We've all seen bits and pieces of the cashless society agenda unfolding around us, from cash restrictions to cashless banks to calls for the outright elimination of cash. But are you aware of just how widespread this agenda is? Join me as I try to compile a comprehensive list of moves toward the cashless society in countries around the world.