The abolition of cash is one of the last steps to complete the slavery.
This can be done now in an elegant way hidden and substantiated with the pandemic enactment.
In the EU this is prepared with the Digital Euro.
Here has been a nice article how this will be enforced:
This can be done now in an elegant way hidden and substantiated with the pandemic enactment.
In the EU this is prepared with the Digital Euro.
Here has been a nice article how this will be enforced:
Quote:If we want to abolish cash, the introduction of the e-euro as legal tender means that we are legally set for the time being. Now we need to ignite the second stage and work even more actively to weaken cash:
1) The state calls for contactless payment. Cash is gradually gaining the image of harboring the risk of disease transmission and is being shunned.
2) While the advantages of digital payment are communicated, it is incessantly repeated that cash should be abolished, is unaffordably expensive, is harmful to the environment, is an anachronism, is the mother's milk of crime, and is a health hazard to boot.
3) Giral money is subsidized by the financial industry and made maximally cheap by means of government assistance.
4) Banks dismantle more and more ATMs; access to cash becomes more difficult.
5) Cash ceilings are introduced and fall to ever lower amounts above which the use of cash for payment purposes is prohibited.
6) To cut costs, transport operators are dismantling ticket vending machines, and more and more citizens' offices are closing their ticket offices. A free society is not worth anyone's investment. Payment should take place digitally, that would be cheaper.
7) Modern FinTech banks are springing up. Cash, like much else, is falling victim to the streamlining of operations at them. As a result, these credit institutions are able to offer very low-cost checking accounts. Traditional branch banks, on the other hand, have to look for ways to compete with the cheap prices. This prompts them to pass on the entire financial cost of cash transactions to the customer by means of fees.
8 ) Thanks to the coin testing ordinance, even the smaller cent coins have to be checked for authenticity by the banks. The horrendous costs of this are a burden on retailers in particular. They have to bear the fees and increasingly doubt the usefulness of cash.
All these measures ensure that fewer and fewer people are resorting to cash. This has two immediate consequences:
* Retailers are beginning to reject cash. Prof. Malte Krüger made the prediction before the Bundestag's Committee on Technology Assessment that the point will come very quickly when stores will close and abolish cash in rows for business reasons.
* The costs of cash deposits and withdrawals will be spread over fewer and fewer people. As a result, banks will charge ever higher fees to individuals and businesses at the counter and at the ATM.
In practice, these two consequences of the decline in cash mean that its abolition will gather pace and banknotes and coins will once again disappear more rapidly from the life of society.
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