Why we should fear a cashless world



Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance.

This is nothing new. Money is tech. The casting of coins made shells, whales’ teeth and other such primitive forms of money redundant. The printing press did the same for precious metals: we started using paper notes instead. Electronic banking put paid to the cheque. Contactless payment is now doing the same to cash, which is becoming less and less convenient. In the marketplace convenience usually wins.

That’s fine as long as people are making this choice freely. What concerns me is the unofficial war on cash that is going on, from the suspicion with which you are treated if you ever use large sums of cash to the campaign in Europe to decommission the €500 note. I’m not sure the consequences have been properly considered.

We already live in a world that is, as far as the distribution of wealth is concerned, about as unequal as it gets. It may even be as unequal as it’s ever been. My worry is that a cashless society may exacerbate inequality even further.

It will hand yet more power to the financial sector in that banks and related fintech companies will oversee all transactions. The crash of 2008 showed that, when push comes to shove, banks have already been exempted from the very effective regulation that is bankruptcy – one by which the rest of us must all operate. Do we want this sector to have yet more power and influence?

In a world without cash, every payment you make will be traceable. Do you want governments (which are not always benevolent), banks or payment processors to have potential access to that information? The power this would hand them is enormous and the potential scope for Orwellian levels of surveillance is terrifying.

Cash, on the other hand, empowers its users. It enables them to buy and sell, and store their wealth, without being dependent on anyone else. They can stay outside the financial system, if so desired.

There are many reasons, both moral and practical, to want this. In 2008 many rushed to take their money out of the banks. If the financial system really was as close to breaking point as we are told it was, then such actions are quite justified. When Cyprus’s banks teetered on the cliff of financial disaster in 2011, we saw bail-ins. Ordinary people’s money in deposit accounts was sequestered to bail out the system. If your life savings were threatened with confiscation to bail out a corporation you considered profligate, I imagine you too would rush to withdraw them.

We have seen similar panics in Greece and, to a lesser extent, across southern Europe. Mervyn King, the former governor of the Bank of England, recently declared that banking was not fixed and that we would see financial panic again. In Japan, the central bank has imposed negative rates and you are charged by banks to store money. This is to try and goad people into spending, rather than saving. So much cash has been withdrawn from banks that there are now reports that the country has sold out of safes.

These are all quite legitimate reasons to want to exit the system. I’m not saying we should all take our money out of the bank, but that we should all have the option to. Cash gives you that option. Why remove it? It’s our money. Not the banks’.

The telephone teaches us a useful lesson. At its peak in 2008, there were 1.3bn landlines for a global population close to 7 billion. Today more than 6 billion people have a mobile phone – more than have access to a toilet, according to a UN study. Many assume that the mobile succeeded where the landline failed, because the superior technology made widespread coverage more possible. There is something to that.

But the main reason, simply, is that, to get a landline, you need a bank account and credit. About half of the world’s population is “unbanked”, without access to the basic financial services you need. Telecoms companies saw no potential custom, the infrastructure was never built and many were left with fewer possibilities to communicate. But a mobile phone and its airtime you can buy with cash. You don’t need to be banked. Almost anyone can get a mobile – and they have. The financial system was actually a barrier to progress for the world’s poor, while cash was a facilitator for them.

Six billion people around the world will have a smartphone by 2020. They will have pretty much everything they need to participate in e-commerce – internet access, basically – except the financial inclusion. Which is why there will be a huge role to play in the future for new forms of digital cash – from Kenya’s M-Pesa to bitcoin – money you can use even if you are not financially included.


“We already live in a world that is, as far as the distribution of wealth is concerned, about as unequal as it gets. It may even be as unequal as it’s ever been. My worry is that a cashless society may exacerbate inequality even further.”

but why no cash?

“Cash, on the other hand, empowers its users. It enables them to buy and sell, and store their wealth, without being dependent on anyone else. They can stay outside the financial system, if so desired.”



~ by seeker401 on March 30, 2016.

26 Responses to “Why we should fear a cashless world”



  2. REVELATION 13 : 7

    “And he (THE ANTI CHRIST) causes all, the small and the great, and the rich and the poor, and the free men and the slaves, to be given a mark on their right hand or on their forehead, 17 and he provides that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name. 18Here is wisdom. Let him who has understanding calculate the number of the beast, for the number is that of a man; and his number is six hundred and sixty-six. ”

    This can only be enforced 100% with a cashless system . So every transaction can be traced with an electronic system .

    But no cash is first and everyone can then take his new debit card with a unique number.
    THEN once everyone has done this the antichrist will enforce a ceremony of worshipping the beast (devil) in order to get an additional number that
    will allow him to buy and sell and get his wages .

    This could take a while . Also the ten supernations of the prophet Daniel
    must be formed as well . Gold and silver will be risky but there will still be hidden transactions using commodities and metal – but death will be meted out to anyone caught dealing outwith the system and with the incredible surveillance they have now it will be hard to survive without going through the worship ceremony .

    Similar to throwing the coin into the temple urn worshipping the Caesar – that’s how they caught the Christians out.

    But I am not clever enough to identify the 666 man – there are so many
    “fits” how do we know the right fit.

    • maybe the 666 man/woman is transgender..or its actually a system?

      • Well it will be a sophisticated computer system to enforce the buy and sell but worshipping could start off with a statue in the New Temple which comes to life .

        “The Man of Sin – Thessalonians

        “…3 Let no one in any way deceive you, for it will not come unless the apostasy comes first, and the man of lawlessness is revealed, the son of destruction, 4who opposes and exalts himself above every so-called god or object of worship, so that he takes his seat in the temple of God, displaying himself as being God. 5Do you not remember that while I was still with you, I was telling you these things?… ”

        So the Devil gets his anti Christ (anti) – and the anti christ gets his false prophet (a john the baptist pointing to him as being the way).

        Unfortunately after rejecting Jesus most follow this delusion that the Devil has more power than God.
        The masons think Lucifer is the “one” not realising he is the Devil.

        This is a small excerpt from “dial the truth ministries” which is worth a study :-


        The mark is associated or represented somehow to his name and his number (666).

        Revelation 13:16-18 is, by far, the most quoted and misquoted, verse on the “mark of the beast”. Most people limit the “And that no man might buy or sell” only to “the mark” but notice what verse 17 actually says:

        Rev 13:17:
        And that no man might buy or sell, save he that had the mark, OR the name of the beast, OR the number of his name.
        Very important. The “buying and selling” is NOT just those that have the MARK, but ALSO those that have the NAME of the beast, or the NUMBER of his name.”

    • the bible is just a bunch of stupid stories told by jerks, but i know it well enough to know that that ain’t Revelation 13:7 …

      • correct on the text..

        • Darwin had more sense – he should have stuck to his doubts .

          “The number of intermediate varieties which have formerly existed on
          earth must be truly enormous. Why then is not every geological
          formation and every stratum full of such intermediate links?

          Geology assuredly does not reveal any such finely graduated organic chain; and this, perhaps, is the most obvious and gravest objection which can be urged against my theory.” – Charles Darwin 1902 edition.

      • The Bible has never been proven wrong on archaeology or prophecy even though many prophecies have still to come true .
        To disprove a creator God would be to accept the theory of chance creation – ie the theory of evolution which must the craziest bunch of fantasy stories ever imagined by the human race .
        Even children’s fairy stories have more credibility than muddy pool making the first cell which turned into fishes which walked on the land then flew

        When asked where the evidence for this is now or in the past the High Priests of Fantasy say it takes so long we dont notice it – that is scientific ?
        NOT !

        • Actually, there is no archeological evidence at all for the “Exodus” in the old testament.
          There is no evidence Israel, as a nation, was held as slaves by Egypt, and no record of a nation of slaves being released by any pharaoh. There is no record of the massive plagues spoken of in Exodus either, nor the death of every firstborn Egyptian. No record of any pharaoh’s army being drowned, as well.

          The closest thing they’ve found is a guest list to the pharaoh’s palace, dated to the proper time, that indicates a “Moses” as a petitioner to the king. He is described as the chieftain of a minor Canaanite tribe from the mountains, so that much fits.

          It is very probable that Moses petitioned the pharaoh for the release of a handful of slaves, whom he then lead back to his tribe…the tale then grew with the telling until it included terrible plagues, staffs turning into snakes, fire raining from the sky, a pillar of fire, the Red Sea parting, etc.

          • There IS evidence of the exodus – you can see Joshua’s stone alter , the split rock , the burnt mountain top and the chariot wheels and axles encrusted with barnacles – and two golden chariot wheels .

            But even if there was no evidence showing this does not prove the bible wrong . What evidence would you expect of a distant event like this.

            There IS evidence that the “Hibaru” slaves were used by Egypt and engravings of them .

            I mean what sort of evidence would you be looking for on the plagues ??

            Some dead flies , some encrusted blood – BUT in actual fact a chock full grave was was found full of young mens bones and this was not done by Egyptians since burial was sacred.

            A statue of Joseph has been found in his coloured garment – it was desecrated – when the Egyptians were furious about the Exodus .

            “The closest thing they’ve found is a guest list to the pharaoh’s palace, dated to the proper time, that indicates a “Moses” as a petitioner to the king. He is described as the chieftain of a minor Canaanite tribe from the mountains, ” “so that much fits” – ??????????????????

            Astonishing – even when you see evidence it does not count . So you are saying that any evidence found is not evidence – some cop you would make

            “It is very probable that Moses petitioned the pharaoh for the release of a handful of slaves, whom he then lead back to his tribe…the tale then grew with the telling until it included terrible plagues, staffs turning into snakes, fire raining from the sky, a pillar of fire, the Red Sea parting, etc.
            Scortch Dearth said ”
            So you damn the Bible story with faint acknowledgement.

            Jesus said…..” if you will not believe the ” books of Moses” you will not believe an angel if he stood in front of you ” and this to the Rich Man in Hell (who would not feed one poor man ) when he pleaded for his brothers .

            If you want to see exodus evidence by photo google ” most holy family monastery ” they have the film which has been shown on MSM.

            But you might not believe the photographs . The mountain is on the Egyptian side as we would expect ” mount Horeb or Jebel Mousa ” .

            All the bibles had a map at the back showing the wrong journey and Constantine’s mother picked the wrong Sinai.

            By the way who do you think destroyed Jericho by fire – and there IS evidence for this .

            So the bible has not been proven wrong by any found evidence and there is often lack of evidence of an ancient event .

            Eg Pontius Pilate never existed according to the skeptics but then they found his stone with his name – so the skeptics move on again and pick something else .

            You need study and an open mind rather than clinging to old myths that have been debunked . But God is His own interpreter and He will always leave areas of darkness for the Godless to cling to as Pascal said.

            • the bible is just a bunch of jew lies – lies that the romans then expanded upon with the ecumenical councils, etc.

              it becomes particularly obvious when it comes to archaeology. after offering us hoax after hoax, the israelis are *still* making up archaeological ‘evidence’ – mostly because they can profit from it because of fools who believe anything they say.

              there was no exodus as described in the bible. there was no kingdom of david. there was no first temple of solomon in modern-day israel. sure you ca “debunk” this by going “look! i found a chariot wheel” but by now no one serious is going to believe in yet another biblical archaeology hoax.

              most of the stories are adapted from pre-semitic african stories. if there was an exodus, it was an exodus of black people to the south, where the real descendants of ‘david’ (or whatever his actual name was) formed a monarchy that lasted more than a 1000 years.

              • You offer not a shred of evidence for what you say. The Bible was written by prophets of God who received what to write from God .
                So nearly every prophet was stoned or murdered as Jesus said since they did not want the truth .

                This was because the prophets told the Israelite’s the pure truth and condemned their behavior every time .

                So if the Jews wanted to make themselves look good why would they protect the very book that condemns them over and over.

                Why would they not write flattery about themselves like every other mumbo jumbo religion does.
                What you say does not make sense at all .

                No temple of Solomon ?? The Romans just made ii up as did the Babylonians ?

              • https://www.google.com/webhp?q=israeli+archaeological+hoaxes

                “The Bible was written by prophets of God who received what to write from God .”

                great so we agree! it’s a bunch of jew lies written by jerks.

                • Well you must believe Charles Darwin , Richard Dawkins et al hoaxes or the wee green men from outer space hoaxes .

                  ” when men stop believing in God they dont believe nothing they believe in anything ”

                  “…I am quite conscious that my speculations run beyond the bounds of
                  true science….It is a mere rag of an hypothesis with as many flaw[s] &
                  holes as sound parts.” Charles Darwin to Asa Gray, cited by Adrian
                  Desmond and James Moore, Darwin, (New York: W.W. Norton and
                  Company, 1991) pp. 456, 475.

                  “Nowhere was Darwin able to point to one bona fide case of natural
                  selection having actually generated evolutionary change in
                  nature….Ultimately, the Darwinian theory of evolution is no more nor
                  less than the great cosmogenic myth of the twentieth century.” Michael
                  Denton, Evolution: A Theory in Crises (Bethesda, Maryland: Adler &
                  Adler, 1986) pp. 62, 358.

                  “I believe that one day the Darwinian myth will be ranked the greatest
                  deceit in the history of science.” Søren Løvtrup, Darwinism: The
                  Refutation of a Myth (New York: Croom Helm, 1987), p. 422.

                  “Scientists who go about teaching that evolution is a fact of life are great
                  con-men, and the story they are telling may be the greatest hoax ever.
                  In explaining evolution, we do not have one iota of fact.” Dr. T. N.
                  Tahmisian Evolution and the Emperor’s New Clothes by N.J. Mitchell
                  (United Kingdom: Roydon Publications, 1983), title page.

      • >>the bible is just a bunch of stupid stories told by jerks

        so, what should we subscribe to, oh dear Oracle..
        Karma Sutra?

        • there’s a law or rule of nature that says you have to ‘subscribe’ to something? and that ‘something’ has to be a bunch of garbage nonsense invented by elites to domesticate you? the abrahamics are certainly the worst, but the buddhists and the hindus are full of shit too.

          • i love the “new” religions like mormons or jehovahs witness, scientologists etc..my first question is always..so what about all the people that lived before your religion was created/formed..how are they saved? 😉

          • What about the Darwinist religions which is your only alternative

            “Evolutionism is a fairy tale for grown-ups. This theory has helped
            nothing in the progress of science. It is useless.” Louis Bounoure. The
            Advocate, 8 March 1984, p. 17.

            “And the salient fact is this: if by evolution we mean macroevolution (as
            we henceforth shall), then it can be said with the utmost rigor that the
            doctrine is totally bereft of scientific sanction. Now, to be sure, given the
            multitude of extravagant claims about evolution promulgated by
            evolutionists with an air of scientific infallibility, this may indeed sound

            And yet the fact remains that there exists to this day not a shred
            of bona fide scientific evidence in support of the thesis that
            macroevolutionary transformations have ever occurred.” Wolfgang
            Smith, Teilhardism and the New Religion (Rockford., Ill.: Tan Books,
            1988), pp. 5-6. Dr. Smith, taught at MIT and UCLA.

            • Charles, the Bible will never be proven in a court of law and your attempt to force what you believe on xxx smacks of religion, which xxx has every right to venomously oppose.

              Without ‘revelation’ the Bible is nothing more than a book authored by fools and has been so perverted by translation as to have lost authenticity.
              By deception, the pope claims his authority based on Matt 16:18 ‘..I also say to you that you are Peter, and upon this rock I will build My church ..’

              a Syriac surname given by Christ to Simon (John 1:42), meaning “rock.” The Greeks translated it by Petros, and the Latins by Petrus.
              And he brought him to Jesus. And when Jesus beheld him, he said, Thou art Simon the son of Jona: thou shalt be called Cephas, which is by interpretation, A stone. John 1:42

              It must be understood, that although the man commonly known as Jesus gave Peter an Aramaic name meaning stone, He would have spoken to Peter in their native tongue in referring to Himself .. the Hebrew word EHBEN means STONE and reveals an entirely different interpretation …

              *[The Hebrew word for stone is ‘ehben’ (or ‘ehven’), composed of three Hebrew letters: aleph-bet-nun. The first and second letters, aleph-bet, spell “ab” or “av” meaning “father” as in “abba”. The second and third letters, bet-nun, spell “ben” meaning “son”. “The second letter of the Hebrew word, ‘ehben’ is bet, shared by both “ab” (father) and “ben” (son), linking the two together into the one word, ‘ehben’, meaning stone. The letter bet itself is a word in the Hebrew, and means “house”.] When one carefully and rightly divides the ‘word’ “ehben”, and diligently seeks its deeper significance, it now becomes clearer why Jacob called the stone (ehben), Bet Elohim, The House of Elohim, The House of the Mighty Ones, that is, the House of the Father (Ab) and the Son (Ben).

              Norman Martin Wolk, M.D. (2007-02-07). The Light in the Wilderness:How Religion Has Led the World Astray (Kindle Locations 1553-1559). AuthorHouse. Kindle Edition.

              In context the STONE referred to was not Peter but the Messiah , when Peter was asked, ..
              He said to them, But you, who do you say that I am? And answering, Simon Peter said, You are the Messiah, the Son of the living Elohim. And answering, Yahshua said to him, Blessed are you, Simon, son of Jonah, for flesh and blood did not reveal it to you, but My Father in Heaven.

              Matt 16:18 more authentically translated would say ..

              ‘You are Cephas but upon this EHBEN, I will build my House.’

              Based upon the authentic translation of scripture, it can be proven in a court of law, the pope has no authority whatsoever.
              Those who criticize the Bible lack revelation and therefore understanding but armed with truth it is possible to execute justice with the very weapon formed against you.
              Like David who removed the head of a giant with his own sword .. I’m all for decapitation of those deserving to have their head removed including the pope and all those Zionist, Edomite Jews whose ancestors the Hebrews left alive.
              Had the lineage of Cain, the Kenite and the Kenizzite and the Kadmonite and the Hittite and the Perizzite and the Rephaim and the Amorite and the Canaanite and the Girgashite and the Jebusite, been removed from the face of the earth, we would not be concerned about a cashless world!

              “Who do you say that I am?”

              Don Esposito (2013-05-20T07:00:00+00:00). Hebraic Roots Bible (Kindle Location 34152). Congregation of YHWH Jerusalem. Kindle Edition.

        • More wisdom is found in the Bible than all the books ever written but only found by those wise to search the writings of fools.

          Proverbs 14:33

          Wisdom rests in the heart of one who has understanding, But in the hearts of fools it is made known.

  3. This is the same reason the banking cartels are manipulating gold prices & allowing “paper gold” transactions when the gold they are supposedly trading does not even exist…they want to destroy the perceived value of gold, turning it into another “fiat cash” and the governments of the world are allowing it.
    The answer is simple, just eliminate your privately owned central banks. Take the power to issue currency out of the hands of these oligarchical “men who would be kings” and put it back into the hands of the people, where it rightfully belongs. You could even eliminate usury if you did this, which would get rid of a lot of the long-term inflation we see with fiat cash.
    Governments need to be purged of sell-outs to do this however, and the media needs to be broken up so these same oligarchs cannot constantly push propaganda, the way they are now.

  4. Jct: http://SmartestManOnEarth.Ca/unilets explains how everyone can print our own verifiable time-based currency so who cares if government printers shut down. My printer is working fine.

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