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World’s Oldest Central Bank Keeps Sounding Alarm on Fragility of Cashless Economies. Are Other Central Banks Listening?
World’s Oldest Central Bank Keeps Sounding Alarm on Fragility of Cashless Economies. Are Other Central Banks Listening? At a time when the dominant narrative around cash is that its demise is all but inevitable, as well as broadly desirable, the 2024 payment report by Sweden’s Riksbank may offer a cautionary tale. In October last year, […]
Cashless Society: WEF Boasts That 98% Of Central Banks Are Adopting CBDCs
Cashless Society: WEF Boasts That 98% Of Central Banks Are Adopting CBDCs Whatever happened to the WEF? One minute they were everywhere in the media and now they have all but disappeared from public discourse. After the pandemic agenda was defeated and the plan to exploit public fear to create a perpetual medical autocracy was […]
Is Switzerland About to Become First Country to Outlaw a Cashless Society?
Is Switzerland About to Become First Country to Outlaw a Cashless Society? As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely. This is a rare positive news story that, […]
Israel’s War On Cash Is About To Get More Drastic
Israel’s War On Cash Is About To Get More Drastic Starting Monday, it will be a criminal offense in Israel to pay more than the equivalent of $1,700 in cash to a business or $4,360 in cash to individual, as the government intensifies its ongoing war on tangible money. It’s a war that began in earnest […]
Venezuela Has Gone Cashless (And That’s Not All)
Venezuela Has Gone Cashless (And That’s Not All) Writing about the current situation in my country is becoming increasingly difficult. Just checking my personal chats with all the information I receive is heartbreaking. People I have known my entire life are having a very hard time and are being harassed. Collecting information from friends and […]
Mapping out the Banking Elite’s Goal for a Cashless Monetary System – Part Two
Mapping out the Banking Elite’s Goal for a Cashless Monetary System – Part Two In the first part of this article we traced the development of the ‘Utility Settlement Coin‘ – a project that began in 2015 and which has now evolved through the inception of a consortium called Fnality International. Fnality are comprised of a number […]
The Rush To A Cashless Society Only Serves Globalist Interests
The Rush To A Cashless Society Only Serves Globalist Interests A fundamental pillar of true free markets is the existence of choice; the availability of options from production to providers to purchase mechanisms without interference from governments or corporate monopolies. Choice means competition, and competition drives progress. Choice can also drive changes within society, for […]
“Cashless” Sweden Suddenly Warns Citizens: Hoard Banknotes & Coins In Case Of Cyber-Attack Or War
“Cashless” Sweden Suddenly Warns Citizens: Hoard Banknotes & Coins In Case Of Cyber-Attack Or War For years, we have commented on the Swedish government and the Riksbank pushing for a “cashless society.” The Riksbank has over 1,000 articles posted on its website on the “cashless society“. The emphasis worked: between 2013 and 2017, the amount of cash in circulation dropped […]
NIRP, Cash Bans and Wealth Taxes Are Coming to the US
NIRP, Cash Bans and Wealth Taxes Are Coming to the US If you’re looking for a template for what’s coming to the US during the next crisis, Europe is the place to start. Europe has already imposed cash grabs via Negative Interest Rate Policy (NIRP). That’s where banks CHARGE you for the right to keep […]
Retailers Rejecting Customers’ Cash As More Ban Paper Money
Retailers Rejecting Customers’ Cash As More Ban Paper Money “Your cash is not wanted here”, a growing number of retailers and restaurants throughout the US and UK are telling customers. But are reasons being given by companies for the new “cashless” approach — speed, efficiency, and the safety of store employees — valid enough to require something as utterly and […]
Money: the silent killer
Money: the silent killer In Sweden, which is famously on the way to becoming cash-free, you can find signs in shop windows that say ‘we don’t take cash because electronic payments are better for the environment’. Since cash does require a certain amount of resource use for its production process and transportation, and since in […]
Sweden Is on the Verge of Going Completely Cashless: What Could Possibly Go Wrong?
Sweden Is on the Verge of Going Completely Cashless: What Could Possibly Go Wrong? Sweden is rapidly turning into a cashless society, which seems like the utopian dream of many a government figure. What could possibly go wrong from the government’s point of view? Isn’t it ideal that they could soon digitally control every single […]
Backlash Against War on Cash Reaches the Bank of Canada
Backlash Against War on Cash Reaches the Bank of Canada A cashless society could have “adverse collective outcomes.” In recent months, a slew of political and financial institutions have raised concerns about the march toward a cashless economy. They include: The ECB warned that a phase-out of cash could pose a serious risk to the financial system. […]
“Historic Judgment” As India’s Nationwide Biometric ID Database Ruled Constitutional
“Historic Judgment” As India’s Nationwide Biometric ID Database Ruled Constitutional As the march toward a cashless (and privacy-less) society accelerates forward, a new high watermark has been reached. India first introduced its concept for a nationwide biometric ID database more than 7 years ago, which they touted as a necessary “social welfare” program to assist […]
Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK
Credit-Cardholders & Bank Customers Burned Again as New IT Chaos Breaks Out in the UK The payments industry deplores it, but cash is starting to look pretty good, and central banks agree: “We do not foresee a totally cashless society”: ECB This has not been a good year for IT systems in the UK. First […]
