Cash is easier because it is a convenient medium of
exchange, sometimes free from government prying eyes, a unit of account for
quoting prices, and a store of value as long as the trust in government is not
eroded and inflation is low.
Cash is lightweight, can have large denominational
value, does not spoil, and is thus better than commodity money, i.e.,
cigarettes, bullets, chocolate, jewelry, gold coins, pelts, furs, soap, etc.
From the government’s perspective, it is easy to see
why they would want a cashless society. Banning cash under the guise of it
being infected by disease, of controlling money laundering of criminals and
drug lords, and routing all of our income, every last penny through the banking
system helps them better control everything we do, freezing accounts at will,
while taxation becomes so much easier, including payments to Obamacare
insurance and any financial penalties an individual is required to pay. It
enables governments to track with 100 percent accuracy everything we buy and
sell, everything we own, and everything we do.
From the people’s perspective, cash is freedom, but
the leftist main stream media is attacking it with pathetic excuses such as
cash is physically dirty, expensive, potentially criminal, and obsolete 19th
century technology, happily promoting the “war on cash.”
The media’s opposition sees the “war on cash” as
another form of population control when people’s accounts can be raided and
their owners classified as potential domestic terrorists, or denied healthcare,
travel, education, and other services if they are marked with a “digital star.”
The issues with a cashless society are too many to
mention them all:
-
Total control by the state or its proxy
-
Savings could result from not using special paper,
printing, ink, labor, and metal alloys but then those in the trade would become
unemployed
-
If an attack occurs on the Smart Grid and there is no
power, there are no financial transactions possible without some cash, a
substitute, or barter
-
In the event of a national disaster, i.e., earthquake,
tsunami, hurricane, tornado, power outages, transactions can be made by cash,
commodity money, or barter
-
An EMP attack or intense solar flares would make cash
or one world currency worthless and people will resort to theft
-
A cashless or global currency would give banks
extraordinary power with no cap on interest rates or their control
-
Cashless transaction will always be traceable and
thus the person’s location
-
One world currency in a cashless market would
eliminate exchange rates, currency trading futures, eliminate a substantial
sector of the job market and thus revenues
-
Black markets and illegal activities would be eliminated,
and everyone will be forced to pay taxes on every penny
-
Children under 18 would be excluded from holding
credit cards and thus excluded from financial transactions without cash; no
more grandma cash gifts, lawn mowing money, or rainy-day cash savings in a jar
-
Prostitution will have to be legalized and client’s
names become public record
-
Billions of Muslims would lose hawala
transactions which are based on cash
-
Conducting monetary policy about money stock will be
altered as cash disappears and one world government such as the U.N. would have
to do it
-
Labor will be purchased and sold with electronic
credits and debits
-
How would the value of one world currency be decided?
Will it be tied to gold, silver, platinum, or some other precious metal or
decided arbitrarily by the United Nations?
-
The destabilization of economies via counterfeit currency
between countries would be eliminated as a tactic of war if only one currency
exists
-
What would cyber attacks do to a single grid of
digital money?
-
What would happen to third world nations that are not
so electronically wired and depend heavily on cash and barter? How could they
possibly make transactions in digital money?
-
Would there be electronic counterfeit of digital
currency across the globe and who would police it? http://canadafreepress.com/article/what-would-the-world-be-like-without-cash-or-with-one-currency
Yet “The
Bank of International Settlements is getting headlines again because of its
direction of central banks to go cashless.” https://www.technocracy.news/the-dark-past-of-the-bank-for-international-settlements/
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