Governments are campaigning to make the idea of a completely digital economy palatable. They claim the reason for eliminating cash is to put the clamps on drug dealers, terrorists, and armed robbery. They push further by citing the convenience and arguing that most people conduct their business with credit and debit cards anyway. So what's the big deal?
Credit and debit cards are options spending, not instruments for saving. Once the option of cash is eliminated, banks are free to shift completely to negative interest rates. Negative rates mean you and I will pay banks for holding our money until we spend it. Negative rates can eat through our money in no time. Using credit or debit cards for every single instance we want to use our money (with a transaction fee, no doubt, because we are trapped into this method of payment) becomes a matter of record; the last bastion of personal privacy will be gone, but that isn't all.
There will be no more cash to put inside children's birthday cards. How do we instill the value of money if all children know is a piece of plastic? How can they understand the concept of 10 pennies to a dime; 10 dimes to a dollar; how do you describe blue to a blind person?
No more cash to put into the collection basket at church. So do congregants sign up for a weekly debit? Church income will be totally transparent and, as such, a measurable resource for tax revenue when the tax-exempt status of churches is eliminated.
No more cash to give as a tip to waitstaff, a doorman, a taxi driver, or the grocery bagger.
No more cash to help the homeless get something to eat, or a shelter bed. Those people who have already fallen through society's cracks will drop into non-existence. How are the disenfranchised supposed to obtain a debit card when whey don't even have an address? It seems to me that once we surrender our cash, we also surrender our compassion, the core of our being that makes us human.
On the flip side, a single digital currency may send more people to the darknet in an effort to maintain some degree of privacy. I've never visited the dark net so I have no first-hand experience to share. My understanding of it, however, is as the realm of drug dealers, illegal weapons sales, and pedophiles. All of the activities the world governments claim would be curtailed by eliminating cash. Logic says the move to eliminate cash isn't so much to protect citizen as it is to enslave them with constant monitoring. More to the point, the citizens become the governments' ATM machines; drone bees serving the elite.
Rather than venture into the Darkside, I'm banking my survival with gold. The experts all agree gold is the best alternative for the interim.If you'd like to know how you can do the same, I'm happy to tell you. In the meantime, please
Read. Learn. Do Something.
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