Government efforts to Demonize Paper Money – Are we moving toward a cashless society?
From the FBI circulating memos warning business owners to be on the lookout for people paying with cash, to governments around the world pushing for a cashless society, it looks like your paper money may soon become a relic of the past.
But what’s up with the sudden push to demonize paper money?
In my opinion it’s 100% about having the power to control and track every move you make. The government seems obsessed with controlling every aspect of your life, pushing for a cashless society makes it that much easier for them to track your every move.
The Demonization of Paper Money
Banks and governments around the world have both been very successful in their efforts to end paper money. Slowly but surely they’ve managed to convert people away from cash and into digital currencies.
From banks pushing their customers to convert to online bill pay, to internet giants like PayPal aggressively promoting their digital wallets, the move towards a cashless society seems inevitable. According to a recent Rasmussen poll, over 43% of Americans regularly pay for products without using cash or coins. The most recent figures from the Bank for International Settlements, an umbrella organization for the world’s central banks, show that bills and coins make up only 7 percent of the U.S. economy.
But apparently the campaign to end paper money isn’t moving fast enough.
Lately the government seems to be upping the Ante. The newest gimmick in the war on cash is to convince the public that using paper money helps promote terrorism and other criminal behaviors.
In a report from the Organization for Economic Cooperation and Development, a group made up of bankers, high-ranking government officials, business leaders and academics, the group contends that “Money’s destiny is to become digital.” They argue that the “events of September 11th, 2001 give additional salience and urgency to the accelerated introduction” of this digital currency, and they are actively trying to “reduce the place of cash”.
Growing number of companies will not accept paper money
Can you imagine what might happen in a cashless society?
In my opinion these digital currencies are all about power. In a cashless society, the banks and the federal government will be given an unprecedented amount of control over your life. Without cash, banks will be able to charge whatever fees they want, and will even be able to dictate what electronic payment systems you can or can’t use.
An even scary thought is what the federal government will do with the power. In a cashless society your money becomes invisible. Without being able to physically hold your money, what would prevent the government, a hacker or any other organization from wiping out your account with the flip of a switch?
And for those that think the government can do no wrong, what happens if a major disaster disrupts the electrical grid? How would you access your paperless currency?
We are in the process of converting our monetary system into one that will require all payments to be made electronically. Your ability to pay with cash, coins, checks, or other physical currencies is fading fast. The cashless society seems to be just around the corner, and I don’t think many people realize the dangers.