Cashless Society and the End of Freedom


In the 1970’s, a group of researchers was
assigned a simple task. Imagine you work for the KGB and you need
to create a perfect surveillance system without creeping people out. And this is what they came up with. [1]
They predicted a widespread adoption of debit cards would be the best surveillance system
within the constraint of not being obtrusive. And they were right. With a debit card, you are not thinking about
surveillance. It’s been sold to you as a convenient payment
method. And yet it maintains a detailed record of
your purchases with a precise location and time. [2] This data can be sold and marketed by your provider, retailers, and payment processors,
or be collected by a three-letter government agency just in case they need to look at what
your shopping reveals about your personality – you know, for national security purposes. [3] The surveillance capability introduced by debit cards diminishes the anonymity of cash
payments. This makes it easier for the government to
collect taxes and eliminate black markets that heavily rely on cash precisely for its
untraceability. [4] But the success of such surveillance is only viable when anonymous options are no longer
available. We will soon approach that reality as we are
being transformed into a cashless society. An average pack of cigarettes in Australia
costs about $40 AU. That’s due to Australia’s heavy tax on
tobacco products, which is the highest in the world. But such high taxes incentivized unintended
behavior. [5] Australia struggles with a huge black market for smuggling cigarettes and there is a crime epidemic of stealing products from tobacco warehouses. The result is a massive tax avoidance and
organized crime which the Australian government decided to deal with by cracking down on cash. It is now illegal to “make or accept a payment
or series of connected payments in cash in excess of” $10,000 AU. Some are floating proposals to do away with
the Australia’s two highest denominations – $100 and $50 bills. [10] The goal is to squeeze the juice out
of the black market and starve out their businesses. [6] Limiting cash payments and banning high-value bank notes is becoming a global trend. In France the cap on cash transactions is
only 1,000 euros and in Italy it’s at €2,999.99. [7] The European Central Bank has recently
stopped issuing €500-notes, although they will remain accepted as a legal tender indefinitely. To put it in perspective, this little European
project of replacing 500-euro banknotes is actually going to require covering 300 billion
euros in circulation and it will cost 600 million euros. [8] In some countries, the war on cash gets much worse . India’s Prime Minister Modi banned the use
of 500 and 1,000 rupee notes basically overnight, giving Indians 50-day grace period to return
their notes. 1,000 rupees may sound like much, but it only
amounts to roughly $14. [9] This was a catastrophic blow to the Indian economy and poor working people that relied
on cash to receive wages and pay rents. The country’s economic growth slowed down
by 17% and Indian cities suffered from a massive exodus of up to 60% of migrant workers who
fled the cities because there was not enough cash in circulation to replace the two highest
denominations. [11] [12] Poor working people suffered the most from Modi’s plan, but his support was rock-solid,
because he framed it as a strike against the corrupt elites in India. [12] In fact, in all cases of eliminating
high-value notes or posing caps on cash transactions, black markets and crime is always quoted as
the main reason. However, a recent study conducted in the UK
focusing on money laundering and terrorist financing revealed that regulated banks and
accounting firms were the two biggest facilitators of illegal transfers and funding. Although cash ranked the third, banks were
almost twice as likely to be involved in money laundering than cash. [13] So as Elaine Ou from Bloomberg said: if illegal transactions are the reasoning “for banning
cash, then it only makes sense to ban banks and accounting firms first”. It seems that living in a cashless society
would be convenient for many, but an ordeal for others. Homeless people, charity workers, small retailers,
cab drivers or casual workers getting paid in cash would suffer the most in a world with
no physical currency. But there is a country closer to being a cashless
society than any other country in the world, and it’s proving everyone wrong. Sweden. In Sweden, no high street bank in big cities
handles cash anymore with 85% of the population banking online. [14] Even paying for a coffee or a bus transfer
requires mobile or card payment. Cash is so uncommon in Sweden, that even homeless
people carry credit card readers that are supplied to them by charity organizations. Donating to a church or splitting a restaurant
check among friends that used to be a domain of cash is now a matter of using inter-person
payment apps. [15] Going cashless is certainly going to have its benefits. Payments will be fast and convenient. Theft will be basically non-existent. And tax collection will be easier and fairer. In the US, people without a bank account spend 5 to 9 minutes longer to get cash than average Americans. [16] Theft of cash alone cost businesses $40
billion a year, which is more than credit card fraud, refund fraud, Internet fraud and
bad checks combined. [17] Credit card fraud results in $16 billion in losses affecting 15.4 million Americans although
this number is rapidly increasing year by year. [18] Tax evasion is a huge problem in the United States. The IRS estimates an average tax gap between
2008 and 2010 to be $458 billion. This is the amount of tax revenue the IRS
expected to be collected but was not even reported. How much of this revenue is black market or
financing illegal activities is unclear. But much of the tax evasion happens in plain
sight. [19] Recent investigations show that in total $2.6 trillion in profits is held offshore by the
US Fortune 500 companies. [20] This is achieved by abusing loopholes
in foreign countries. Four jurisdictions – Bermuda, Ireland, Luxemburg
and the Netherlands – account for 63% of all profits from American multinational companies. [21] Between 2008 and 2015, Apple earned $305 billion in revenue and paid only 5.8% in foreign tax
and returned nothing in the US taxes. They were able to do this not by hiding their
earnings in cash, but by shifting their profits through three Irish subsidiaries that are
structured so that they are not “residents” of neither Ireland nor the US because, for
tax purposes, they are under foreign control. [20] Living in a cashless society will represent a major change in economic dynamics. People will no longer have custody of their
money. All that will be left for them is a mere claim
that a number on their account balance belongs to them. But this claim only means as much as it can
be enforced. [13] During the Greece debt-crisis in 2015, banks imposed a nationwide limit on cash withdrawals
to 60 euros a day, essentially preventing people from accessing their savings in the
name of protecting national economy. The capital controls that also prohibited
foreign transfers were only fully lifted three years later. [21] Cashless society will grant banks and card companies unaccountable and unchecked control
over people’s finances. There will be no choice but to accept their
service on their terms. The affects will spill over into social and
political realms, as payment providers already ban their customers for speech or political
positions. The existence of cash made it difficult for
central banks to enforce monetary policies. During the Eurozone crisis, the European Central
Bank resorted to charging negative interest rates on savings and deposits in order to
discourage saving and boost spending. [27] The strategy of quantitative easing didn’t bring the desired results. When people started to lose interest on their
live savings, it only incentivized them to spend less and save even more. People who wanted to avoid being charged for
their savings could simply store their savings as cash in a safe. In a cashless society, this scenario would
not be an option and central banks would always have an ultimate say over people’s funds. [22] [13] [23] [24] [25] Making all transactions electronically creates troves of data that can be used to track individual
purchases or even macro-engineer economic behavior of an entire nation. [2] Data is one of the most sought-after commodities
in the world and digital payments allow companies to track real identities and build profiles
of shopping habits. For regular people, this will mean they will
no longer be allowed to buy drugs, visit a pub, or buy a book anonymously. Gradually, we are being nudged into a cashless
society. [26] Banks are making it more inconvenient
to use cash by closing down their branches or limiting cash withdrawals at counters and
ATMs. [28] In 2017, Visa ran a campaign where it
wanted to reward $10,000 to 50 US-based businesses who go completely cashless. [29] The resistance to cashless society is not all that futile. Germany is the leader of stubbornly holding
on to cash. 80% of point-of-sale transactions are made
in cash, and an average German carries over 100 euros in their wallet. [30] [31] Big supermarket chains only began
introducing card payments in 2015 and tens of thousands of restaurants and shops are
still cash-only. Most Germans view cash as a means of freedom
from government control and a way of preserving privacy and anonymity which they are refusing
to give up.

, , , , , , , , , , , , , , , , ,

Post navigation

100 thoughts on “Cashless Society and the End of Freedom

  1. Revelation 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. 13:18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

  2. You completely wiped out crypto currency out of the picture, it's not physical cash but it's the closest digital thing to it

  3. Welcome to the One World Order Apocalypse. Next step everyone will be forced to accept being microchipped in order to purchase anything.

  4. If you think your freedom depends on cash, you're already a slave. If you think having cash, having money, makes you a better person, you're a slave.

  5. Look at your dollar bill. It not money. It’s a federal reserve note. A promissory note! We don’t have money. Just promises to pay someday. Someday never comes. It’s all made up crap! The wheel keeps turning.

  6. I run a small business and 3/4 of my customers use cash. The 1/4 use credit cards. I use cash for most items.

  7. Perhaps people can circumnavigate this by using a system which swaps goods and services. Lets call it as a goods and service swapping cooperative system . And even if government were to create thought police, chances are that someone would then invent something of what would help to block it

  8. It's just absolutely impossible to have true privacy in modern world and it would be absurd not to take advantage of modern many modern technologies that take advantage of data. Only way to go is manufactured privacy that limits who has access to your data and people should be given more control over it. And it should be made easy ofc and it should be kept behind secure systems.

    Basically changing laws. Data is becoming increasinly more useful and more people do more important stuff in internet, thus internet should be treated more like real world.

    Personally I'm totally for cashless society though. It's just way too convenient.

    Also, I'm in no way on bank's side, I'm personally for cryptocurrency. But banks handle so much money that ofc banks are first in illegal transactions. It just means laws and systems need improvements.

    It's not electronic money that's the problem it's the banks and banking systems.

  9. In Sweden we actually had three different petitions started opposing banks and shops not accepting cash payment, a former head of police was one of the leading figures and even the current governor of the Central bank openly supported this. In the end the government had to take note and even if we did not get all of that we wanted, they made a law to at least force all the banks to accept both cash deposits and with-drawls.

  10. It does seem to be heading that way esp here in N ieland esp after the amount of cash machine thefts the banks ae woried now about cash.

  11. I feel like we have made amazing leaps in technology but have only used these advances to produce trivial devices that have severed human interactions and seem to all track every damn thing I do.

  12. Written in 95 AD, about the end times corrupt societies before Jesus returns and slaps heads together. Revelation 13:16 And he (world gov leader also called Anti-Christ or counterfeit Christ) causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
    Rev 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
    Rev 13:18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

  13. I'm going dry gold panning out in AZ desert all winter.

    Cashless means it's a depression note that they will substitute for control while robbing cash, gold

  14. China's cashless reality has made life a lot more convenient actually. The Chinese use 3rd party apps on their phones which in turn are linked to their bank accounts, allowing them to instantaneously transfer money between themselves at any given time. It also allows them access to a wide variety of online consumer goods and public transportation services within those apps, which include being able to pay for house rent and other associated bills, doing online shopping, ordering food, riding a bycicle, hailing a cab, topping-up SIM cards and metro cards, booking hotels, train and airplane tickets, and of course allowing them to complete all kinds of transactions on spot at local shops, malls, supermarkets, vending machines, gas stations, hospitals, schools, government and military institutions, theatres, bars, restaurants; barely anyone misses cash over there, and even credit and debit cards already feel pretty outdated now.

  15. Everyone: I'll talk if you give me the money…
    Me: NOPE, NOT GONNA HAPPEN FUCK FACE…
    Also everyone: why not give me the money…and then I'll talk…
    Also me: "nope, never gonna happen so…"

  16. It's designed to make the rich richer and the poor more divided. I say we kill the aristocracy guillotines.

  17. God will take care of his true people.The elite,Freemasons and many are demon possessed.These demons have to bow in the mighty name of Jesus.Witches are taking out people`s souls and demons control the masses.See these videos by Win Worley,The Fragmented soul,Loosing spirits of God,his mass deliverance videos.See the video Routing demons by John Echardt.The real word of God(the King James bible) has been replaced with fake NWo bibles in most churches.See all videos by Derek Prince,John EChardt,and Win Worley.The spoken out loud word of God,the name of Jesus and the blood of Jesus,Has SUPERNATURAL POWER,to take down Satan`s KIngdom.Only for real beleivers in Jesus.Speak it out loud.

  18. Cashless society is the prelude to the Antichrist. Total control of people lives by satanic powers.back to wood fire cooking,candles at night,farming and raising animals

  19. 60/40 chance this could go down that road. Yet, making cash costs money to make it. Going digital has its pros for convenience, cutting down cost overall and if you don't get into trouble. But, if you do get into trouble. Cold hard cash is your salvation because it's virtually untraceable. Also, illegal activites are easier with cash sometimes for those less tech savvy.

  20. uwu america is crying about tax loses but has big compatnis like google or facebok….. that pay almost no taxes in europe.

  21. The only way to buy or sell that can not be tracked, is to use KARATBARS.
    Have the testimony of Jesus, and keep the covenant, the Torah.Ephraim
    come home. Ah… the place in the wilderness.

  22. Another reason to never set foot in Sweden.
    Btw many of you simpletons may already have given away your (and your near relatives) DNA information for free.
    Apart from all your private data that you spill onto social media.

  23. Omg I just want to pay the American government and give them all my tax money for my freedoms shut the fuck up fucking jerk off

  24. the more the beast will rise, the more the beast will demand to have its mark in you. …….. take heed. ……………….

  25. You didn't specify the part where the indian government brought new notes and only allowed you to take 2000 to 5000 rupees which was a f**king pain

  26. All the people around the world should now they dont own any money and its not there propriety because on every banknote writes the propriety of the central bank

    What does this means it means only one thing accepting money you accept nothing its just pieces of papers that even doesn't belong to you and the preciousness of money are illusionary

    Only God can create something preciousness

    People can create just something from already created by the God

  27. All the time we have governments we’re going to have crime with money.theyre the biggest criminals in the world.

  28. Yeahhh CASHLESS to eliminate Bad people ONLY THAT INFRACTORS ARE 10 steps in front and they use CRYPTOCURENCY :))))
    Seems like criminals are actually HAND IN HAND

  29. Guess what I am banned from making a bank account in Europe, America and China just because my country is in a blacklist. what have I ever done to deserve this

  30. Oh get the fuck out of here…. If you are worried about the profile your credit card use gives about you, ypu either have a very boring life or you are up to bo good. And if the latter, it is not your credit card's fault you do something fishy.

    If the only reason you want to keep the outdated form of cash payment just because you are afraid someone might track you, stop being so paranoid. The three letter agencies have more than enough on people anyways from internet traffic, camera surveilance anf other stuff. And your bank could probably not care less what you do with your cash, other than to pccasionally scan for illegal stuff – again something you shouldnt do anyways.

Leave a Reply

Your email address will not be published. Required fields are marked *