‘Experts’ say a cashless society isn’t a reality in the near future. And I agree with that. Too big a percentage of money flow is by cash, from your grandma, who doesn’t understand banks, to the billion dollar industry of drugs, prostitution, mafias, tax evasion, etc. The list goes on. Cash is too powerful, for now.
However, this rant gravitates more towards the “I have nothing to hide” motto. How can people be so naive? How can people not realize using digital payments every one of your transactions gets recorded forever? That’s some 1984-level surveillance. From property sales, which makes more sense that are regulated, to the candy you bought out the vending machine. What food and cleaning products you buy in the supermarket, which brand of cologne you use, which clothes you like, etc. That’s fucked up.
Banks can share all these data with third parties, and companies can know exactly all your purchases and thus, your likings. They don’t need banks to share the data anyway, but that’s another topic. Somehow people don’t worry about that. Targeted ads are one of the shadiest practices capitalism has created. On a ‘lighter’ note, they can make you spend a lot more money for no reason, which is bad itself. But the fact that they have that info is worrying in and of itself. I have nothing to hide but I want to hide it. Period.
But even worse, governments have access to all these data. No government or company whatsoever should ever sniff over my bank history. That’s my fucking business. Governments and people alike don’t seem to get this. What if law enforcement decides I’m a suspect for whatever they come up with and search through all my transactions? For most of us, they’ll find nothing, but it’s an invasion of our privacy. How can people not value that privacy?? I don’t understand it. I mean, for now let’s use cash, but eventually you’ll be a suspect of fraud just because you use cash. The problem here is our society is adopting the “guilty until proven otherwise” approach more and more over the years, just to justify mass surveillance. Eventually we’ll have to declare to the authorities how much our shit weighs. Otherwise we’ll be suspects of poo fraud. Oh well, let’s hope we destroy ourselves first.
The cashless society is a necessary step in preparation for the mark of the beast.
The mark of the beast, btw, is a concept based on a couple of short passages from The Revelation (end of chapter 13 and start of chapter 14), which say that there will eventually be a one world government just before Jesus returns, and the spiritual leader of that government will cause people everywhere to get a mark put in their right hand or in their forehead, without which they will not be able to buy or sell.
What we have used for centuries for buying and selling is cash (or checks). We have also progressed to credit cards.
So all of these would need to be replaced with the mark, in order for the prophecy to come true.
Is cashless society in World a bad step?
Cashless Means Automatic
If money is easy to spend, it is also easy to take. Convenience can easily become tyranny. Automatic payments that come directly from your bank account illustrate the point.)
Below Is First 9 Major Risks of a Cashless Society:
1.Risk of Confiscation
The convenience of digital money that allows you to spend your money more easily, also makes it easier for banks, governments and thieves to take it.The message to depositors is clear- when you put money in a bank you are a creditor of the bank and if it goes bust you are at the bottom of the list of creditors. Your money** will be seized as part of any approved plan, perhaps even before the broke bank files for bankruptcy.
Your bank account can be raided by government authorities, like the Internal Revenue Service (IRS) without notice or reason given. If the IRS believes your bank account deposit and/or withdrawals activity is suspicious and/or may involve a pattern designed to avoid reporting requirements, they may seize your account.
Think your money is safe in the bank? Think again.
2. Risk of Theft
Digital cash a bit of Trap-it can be stolen.Think digital money is safer than cash and can’t be stolen?
3.Crime is Easier
Some actually believe that in a cashless society that crime will go down and drug dealers will go out of business. Think again.
In a cashless society, theft will occur on line and in far larger amounts than cash heists. An online thief never has to confront his victim, commit violence, crack a safe, get past an alarm system, dog or armed guards and carry away his loot. Rather, in a cashless society, the cyber thief merely has to hack the systems where the ‘money” is. The online heist involves no risk of death or threat to the thief’s personal safety and can be done from anywhere in the world.
4. Risk of System Failure
Without cash, the value of currency would have no independent value outside a functioning banking system to which you have access. Your money wouldn ‘work’ without a functioning banking system. If the banking system is down due to a power outage, solar flare, financial crisis, Internet failure, hack or network crash, your money is unavailable and potentially lost. If back up files are lost how do you prove you had $15,000 in your account?
5. Risk of Being Exiled From the System
Even if the digital banking system was 100% fool proof, you may end up being shut out of the system for wrong doing (actual or alleged), bad credit or failure to pay banking fees. Or you may be the victim of identity theft and as a “precaution” your account may be closed. Without access to the banking system, how will you pay your bills and buy items you need?
While going cashless may be convenient when you choose to buy something, but if a purchase is thrust officiously upon you by government order, your money can be removed from your account to pay for it, conveniently of course. This type of forced convenience results in a removal of freedom of choice of how you may wish to spend your money.
7. Loss of property rights
Property rights are the foundation of a free society. If you don’t have control, ready access or the ability to spend your money when and as you please, you do not really own it.Rather, you are a co-owner with the currency issuer (the bank) who has veto rights over your use of the currency.
8. Loss of Privacy
In a cashless society there is the loss of privacy. Digital money offers the convenience of allowing you to track and budget your money online. Such a system, however, also leaves a permanent digital foot print of where you spent your money, accesible to just about anyone who has access to your account. (crimminal hackers and government agencies). A common objection to this privacy invasion is that “If you have nothing to hide you have nothing to worry about”.
Without cash, consumers are no longer market participants that evaluate tangible value based on how much cash they have in their wallets, but mindless spenders without a sense of the value of the items they are purchasing or a sense of understanding of their actual cost after incurring bank and credit card interest fees. (still sky high even after years of zero interest rate policies across the globe).
In a society that uses cash, acts like making change and giving tips provide market participants with a tangible sense of economic value. Children that grow up saving money in piggy banks and counting their pennies, nickels and dimes learn the value of money through the tactil experience of handling money.
A cashless society turns money and value into digital abstractions as defined and controlled by the banks and central planners.
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