Central bankers, bankers and left wing politicians are all desperately keen to eradicate cash and to force everyone to use digital money – in the form of credit cards, debit cards, crypto-currencies and accounts with organisations such as PayPal. Scores of central banks already have their digital currencies ready – eventually they’ll be moulded into a single global currency known as the Universal Monetary Unit or Unicoin.
I’ve been warning about the end of cash for at least three decades. The conspiratorial authorities have been pushing hard for the introduction of digital currencies since the days before laptops and smart phones.
Today, they’re closing banks as fast as they can (arguing falsely that everyone wants to bank online) and they’re making it difficult to take cash out of your bank. ATM machines are forever ‘empty’ and if you try to take cash out of your account over the counter you could well end up being interrogated like a criminal. (The other day I tried to take some of my money out of my account and was shut in a room and interrogated like a criminal before eventually, and rather begrudgingly, being given an envelope containing the cash I’d asked for.)
And once the digital currencies become the only way to earn, save or spend we will all be slaves. The central banks will be able to control our money. They already plan to limit each individual to between £10,000 and £20,000. Anything more than that will simply disappear. Negative interest rates will discourage savings. Money will have a limited shelf life – just as money in mobile phones can disappear after a few months. And the bankers will decide how you can spend your money.
Everyone, it seems, wants to get rid of cash.
First, companies which accept payment by card have to pay commission to the credit card companies. The commission can sometimes be very high with 5% and 7% commission rates not at all uncommon.
Second, clearing banks don’t like cash because handling it is time consuming and, therefore, expensive. Moving money around simply by pressing numbers on a keyboard is much quicker and cheaper (though, curiously, the length of time required to move money from one account to another seems to have lengthened since such methods became available).
Read More: The End of Cash is Terrifyingly Close – Why don’t People Care?